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Housing FinanceLatest Stories

LIC Housing Finance’s Net Profit Up 2.97% to ₹5,604.24 Crore

NEW DELHI: LIC Housing Finance has announced a net consolidated profit growth of 2.97% for the financial year 2025-26. The profit after tax reached ₹5,604.24 crore compared to ₹5,442.70 crore in FY25, according to a BSE filing. The company’s net consolidated total income for FY26 was ₹28,843.49 crore, reflecting a year-on-year increase of 2.64% from ₹28,100.60 crore in FY25. In Q4 FY26, net consolidated total income saw a decline of 1.25%, amounting to ₹7,212.01 crore, down from ₹7,303.51 crore in the same quarter of the previous year. However, profit after tax increased by 8.66% to ₹1,492.63 crore, compared to ₹1,373.63…

IndustryLatest Stories

DLF’s Net Profit Up 1.10% to ₹4,414.68 Crore in FY26

NEW DELHI: DLF has announced a 1.10% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹4,414.68 crore, up from ₹4,366.82 crore in FY25, as reported in a filing to the BSE. The company’s net consolidated total income was ₹9,816.04 crore in FY26, representing a 9.12% rise from ₹8,995.89 crore in FY25. In Q4 FY26, net consolidated total income fell by 37.46%, totaling ₹2,093.82 crore compared to ₹3,347.77 crore in the same quarter last year. Additionally, profit after tax declined by 1.06%, settling at ₹1,268.56 crore in Q4 FY26, down from ₹1,282.20 crore…

IndustryLatest Stories

Signature Global (India) nets ₹1,094.64 crore profit in FY26

NEW DELHI: Signature Global (India) announced a consolidated net profit after tax of ₹1,094.64 crore for the financial year 2025-26, up from ₹101.20 crore reported in FY25, as stated in a filing with the BSE. The company’s consolidated total income for FY26 reached ₹2,778.85 crore, a 5.34% increase from ₹2,637.99 crore in FY25. In Q4 FY26, consolidated total income surged 109.53% to ₹1,195.22 crore, compared to ₹570.43 crore in the same quarter last year. Similarly, profit after tax for Q4 FY26 was ₹1,152.40 crore, a significant rise from ₹61.12 crore in the corresponding quarter of the previous fiscal. The board…

Latest StoriesRera

Haryana RERA Takes Action Against Nitara Projects for Non-Registration

NEW DELHI: The Haryana Real Estate Regulatory Authority (HARERA), based in Gurugram, has launched suo motu proceedings against Nitara Projects for purported violations of the Real Estate (Regulation and Development) Act, 2016. The authority acted under Section 35 of the Act upon noticing that the promoter was allegedly involved in the development, marketing, and sale of residential floors without obtaining the necessary project registration as mandated by Section 3(1) of the Act. HARERA indicated that the promotional materials and advertisements from the company failed to include essential information, such as the RERA registration number, the authority’s website, and the Department…

IndustryLatest Stories

Concorde aims for ₹650 crore in FY27, invests ₹200 crore in projects

NEW DELHI: Concorde is set to invest approximately ₹200 crore in FY27 as it aims to grow its project pipeline in Bengaluru, using a combination of outright land purchases and joint development agreements. The company reported sales of about ₹450 crore for FY26, compared to ₹340 crore the previous year, while recognized revenue fell between ₹395-400 crore. The firm anticipates improving its profit margin to around 15% in FY27 from the current 8-10% range. Traditionally focused on joint development projects, the company is now increasing its budget for outright land acquisitions as landowners in Bengaluru favor cash transactions due to…

CommercialLatest Stories

Knowledge Realty Trust Secures ₹500 Crore via Commercial Papers

NEW DELHI: Knowledge Realty Trust has successfully raised ₹500 crore through the issuance of commercial papers, as reported in a BSE filing. The borrowing committee of Knowledge Realty Office Management Services, which manages Knowledge Realty Trust, has approved the placement of 10,000 listed, rated, redeemable, and rupee-denominated commercial papers. The papers have a face value of ₹5 lakh each and were issued for a total principal amount of ₹500 crore. The issued commercial papers are set for a duration of 91 days starting from May 12, 2026, and have been offered in dematerialized form on a private placement basis, issued…

InfrastructureLatest Stories

5,500 Ahmedabad Units Identified as Bulk Waste Generators

Representative image AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has commenced rigorous enforcement of the Solid Waste Management Rules-2026 for bulk waste generators across all city zones and wards, aligning with the Centre’s regulations and directives from the Supreme Court. A civic survey has identified 5,500 residential societies, commercial complexes, and other large units in the initial phase as bulk waste generators, with that number anticipated to rise. Under the new rules, any unit with a built-up area of 20,000 sq m or more, daily water usage of 40,000 litres or more, or daily solid waste generation of over 100 kg…

Latest StoriesResidential

Only 130 of 3,600 PMAY Applicants in Sambhajinagar Pay 10%

CHHATRAPATI SAMBHAJINAGAR: Progress under the Pradhan Mantri Awas Yojana (PMAY) has been slow in the city. Out of 3,638 applicants, only 130 have deposited the required 10% margin money, leading the municipal corporation to enhance efforts to encourage participation. The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) is working to connect beneficiaries, banks, and developers to expedite the scheme’s implementation. Municipal commissioner Amol Yedage reviewed the situation and announced new outreach initiatives. “Banks are providing information and assistance to citizens regarding the documentation and loan processes, ensuring easier access to funds for the scheme. We are also conducting outreach camps to promote…

InfrastructureLatest Stories

MMRDA Gets Three Bids for Mumbai Metro 14 DPR

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has received bids from three firms to appoint a consultant for revising the Detailed Project Report (DPR) of the proposed Metro Line 14, which will connect Kanjurmarg and Badlapur. The authority is currently reworking the execution and financing model for this significant suburban corridor. Bids for the consultancy contract were opened on May 11. The firms that participated in the bidding process are SMEC, Tata Consulting Engineers, and RITES. The evaluation of these bids is ongoing. This initiative follows MMRDA’s unsuccessful attempt to attract private developers for the 38-km metro…

IndustryLatest Stories

Chandigarh Can Now Impose Fire Tax on Buildings

CHANDIGARH: The Chandigarh administration is now authorized to impose a fire tax or cess on buildings that pay property tax within the municipal corporation, following the extension of the Haryana Fire and Emergency Services Act, 2022, to Chandigarh. The fire tax will be calculated as a percentage of the property tax, with rates to be determined by the administration periodically. This initiative is part of a significant update to Chandigarh’s fire safety framework, replacing the previously enforced Delhi Fire Prevention and Fire Safety Act of 1986. The updated framework extends the validity of fire safety certificates (FSCs) from three to…