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Housing FinanceLatest Stories

Aadhar Housing Finance Q1 FY27 Profit Up 19% to ₹282 Crore

NEW DELHI: Aadhar Housing Finance has reported a net consolidated profit after tax of ₹282.36 crore for Q1 FY27, marking a 19% increase from ₹237.28 crore in Q1 FY26. The company’s total net consolidated income reached ₹997.19 crore in Q1 FY27, an increase of 17% from ₹851.34 crore during the same quarter last year. As of June 30, 2026, its net worth was ₹7,846.47 crore, with a debt-equity ratio of 2.36 and total debts to total assets ratio at 70.67%. Its gross non-performing assets (NPA) were recorded at 1.32%, while the net NPA was at 0.87%. The provision coverage ratio…

Latest StoriesRegulatory

ED Attaches ₹782 Crore in Properties of Raheja Developers

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached immovable properties valued at ₹782.36 crore belonging to Raheja Developers under the Prevention of Money Laundering Act, 2002. This action pertains to allegations of cheating homebuyers across various projects initiated by the firm. The ED is examining Raheja Developers, its director Navin M. Raheja, and other related individuals under the PMLA. The case stems from multiple FIRs filed by the Economic Offences Wing in Delhi following complaints from homebuyers who claim to have been defrauded. According to the ED, Raheja Developers raised around ₹2,425.99 crore from approximately 4,600 homebuyers in relation…

Housing FinanceLatest Stories

Aptus Value Housing Finance Q1 FY27 Profit Up 19% to ₹261 Crore

NEW DELHI: Aptus Value Housing Finance India announced a net consolidated profit after tax of ₹260.94 crore for Q1 FY27, reflecting a 19% increase from ₹219.25 crore in Q1 FY26. The company reported a net consolidated total income of ₹610.65 crore for Q1 FY27, a 15% growth compared to ₹530.14 crore in the same quarter of the previous year. As of June 30, 2026, the net worth was ₹4,343.62 crore, with a debt-equity ratio of 1.26, total debts to total assets at 0.56, and a net profit margin of 45.01%. The gross non-performing assets were at 1.42%, while net non-performing…

Latest StoriesResidential

Mumbai Property Registrations Up 8% in July 2026

NEW DELHI: In July 2026, Mumbai, under the jurisdiction of the BMC, saw 13,617 property registrations, marking an 8.3% increase compared to the previous year, as reported by Knight Frank India. During this month, the Maharashtra government generated ₹1,223 crore in stamp duty, up 8.9% year-on-year. This figure represents the highest July revenue recorded in the last 14 years. Compared to June 2026, the number of registrations rose by approximately 2% from 13,413, with stamp duty collections rising by 13% from ₹1,086 crore. In July 2025, Mumbai had 12,579 property registrations and generated ₹1,123 crore in stamp duty. Shishir Baijal,…

IndustryLatest Stories

CBI: Financial Issues Halt Wadakkanchery LIFE Mission Project

KOCHI: The CBI has submitted a preliminary chargesheet in the Wadakkanchery LIFE Mission case. It was filed before the Ernakulam CJM court, alleging that financial irregularities during the housing project’s execution led to its delay. The chargesheet identifies six individuals as accused, including Sandeep Nair, Swapna Suresh, and the UAE Consulate PRO P S Sarith—who were also implicated in the 2020 gold smuggling case—along with Santhosh Eappen from UNITAC Builders. Although M Sivasankar, the former principal secretary to ex-chief minister Pinarayi Vijayan, was mentioned in the FIR, he is absent from the preliminary chargesheet. Ongoing investigations will determine the involvement…

IndustryLatest Stories

Chandigarh Issues Rules for Village Abadi Ownership Rights

Representative AI image CHANDIGARH: In a significant step to clarify long-standing ownership issues in village abadi areas, the Chandigarh administration has published the Chandigarh Abadi Deh (Record of Rights) Rules, 2026. This framework aims to survey properties, demarcate boundaries, and document ownership rights in the city’s former villages. The rules, announced in the official gazette on July 29, provide an opportunity for residents to voice objections before finalizing entries. The rules, activated upon their publication, outline the process for determining abadi deh boundaries, surveying properties, and establishing ownership records. Under the new framework, the administrator can appoint serving or retired…

IndustryLatest Stories

Housing Ministry Suggests 4-Month RERA Extension for Projects Affected by West Asia Disruption

File Photo NEW DELHI: The Ministry of Housing and Urban Affairs (MoHUA) has recommended that state real estate regulatory authorities consider allowing a four-month extension for the registration and completion timelines of registered real estate projects impacted by the ongoing situation in West Asia. This advisory specifically pertains to projects whose completion date, revised completion date, or extended completion date is on or after February 28, 2026. MoHUA stated that it has received feedback from stakeholders in the real estate sector about the adverse effects of the West Asia situation on global supply chains, leading to shortages of construction materials…

IndustryLatest Stories

India Needs No Imported Sustainability Models in Architecture

Gajendra Singh Shekhawat, Union Minister of Tourism & Culture, speaking at the National Conference on Goan Architecture & Sustainability in New Delhi on July 31. NEW DELHI: Union Minister for Tourism and Culture, Gajendra Singh Shekhawat, emphasized that India should not view sustainability as a recent concept imported from abroad, highlighting that the nation’s traditional architecture and cultural practices have always been in harmony with ecological balance. During his address at the National Conference on Goan Architecture & Sustainability in New Delhi, Shekhawat stated that India’s architectural heritage illustrates a profound connection among architecture, nature, society, and the local climate.…

InfrastructureLatest Stories

Goa to Protect Green Zones and Heritage Amid Growth: CM

Pramod Sawant, Chief Minister of Goa, at the National Conference on Goan Architecture & Sustainability in New Delhi, July 31. NEW DELHI: Pramod Sawant, the Chief Minister of Goa, emphasized the need for future infrastructure development to harmonize modern demands with the preservation of Goan architectural heritage, sustainability, and the safeguarding of ecologically sensitive areas. In an exclusive discussion with Ankit Sharma, Sawant noted that Goa’s architectural legacy has been shaped over centuries and highlighted the state’s commitment to developing climate-friendly infrastructure that retains its distinct character. “We are utilizing materials sourced locally, from our own Goan land. This is…

Latest StoriesResidential

Mhada Secures Land in Nashik for 200 New Homes

Representative AI image NASHIK: In a significant move towards enhancing affordable housing in Nashik, the Maharashtra Housing and Area Development Authority (Mhada) has been allocated 2,553 sqm of surplus land in Makhmalabad by the district administration. This parcel is expected to house around 200 low-income families. The transfer of the land, designated as surplus under the Urban Land Ceiling (ULC) Act of 1976, has been formally approved by the Nashik district administration. Mhada’s Nashik division has acquired the land at a nominal rate of Re 1 per sqm, totaling Rs 2,553. Nashik Collector and Competent Authority Ayush Prasad issued a…