Category: Latest Stories

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CommercialLatest Stories

Brookfield India REIT’s NOI Soars 23.8% in FY26

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) reported a 53% year-on-year increase in net operating income, reaching ₹742.9 crore in Q4 FY26. For the financial year 2025-26, the income grew by 23.8% year-on-year to ₹2,291.3 crore. The board of directors of Brookprop Management Services, the manager of Brookfield India REIT, announced a distribution of ₹4,564.35 million (₹5.50 per unit) for the quarter ending March 31, 2026. This includes ₹1,327.81 million (₹1.60 per unit) as interest on shareholder loans, CCDs, and NCDs; ₹2,456.45 million (₹2.96 per unit) for the repayment of SPV debt and NCDs; ₹730.30 million (₹0.88…

IndustryLatest Stories

UP directs Noida DM to tackle Migsun Builders’ water violations

NOIDA: The groundwater department in Lucknow has instructed the Noida District Magistrate to take action against a builder due to excessive groundwater extraction in Greater Noida. A report is expected within 10 days. This directive follows environmentalist Vikrant Tongad’s persistent efforts, including an application submitted on April 22, which alleged that the Greater Noida Authority overlooked his complaint. Tongad’s application stated that Migsun Builders have been engaged in extensive dewatering operations in Tech Zone for over a year. Dewatering is a specialized technique used to remove groundwater or surface water from construction sites, trenches, or mining areas, ensuring a dry…

Latest StoriesResidential

1,000+ Homes Ignore Stilt Parking Rules in Gurugram, DLF Leads

GURUGRAM: A significant crackdown on the misuse of parking areas in upscale residential districts has revealed extensive violations in stilt-plus-four-floor (S+4) buildings. The Department of Town and Country Planning (Enforcement) has identified violations in 1,137 residences across 19 licensed colonies in the city. Data acquired by TOI indicates that 968 property owners have received show-cause notices, and 18 buildings have been sealed for breaching sanctioned building plans. The Punjab and Haryana High Court will review the matter on May 12, when the department is expected to provide a comprehensive compliance report. DLF-2 recorded the highest number of violations, with 453…

InfrastructureLatest Stories

Airoli, Navi Mumbai: 69-Acre Township Proposal by Civic Body

NAVI MUMBAI: Cidco has announced plans to develop a comprehensive residential township over 69 acres in Airoli. The successful bidder for plot number 20 in Sector 10A will be the one offering the highest percentage of revenue share to Cidco. The development and construction phase is expected to last 20 years. The rising demand for the area has generated a positive sentiment regarding its growth potential. The state government has approved a ‘Theme Based and Iconic City Development’ initiative to streamline the development of large parcels through a construction and development operator agreement. Cidco has opened requests for proposals as…

IndustryLatest Stories

Gujarat’s New Policy: Freehold Status for Housing Colonies

GANDHINAGAR: The Gujarat government’s new urban housing policy, under revision for the first time in a decade, includes relaxed redevelopment rules and the transition of housing board colonies to freehold status. This more liberal policy aims to encourage affordable housing by revitalizing old colonies established by local or state authorities, as well as aging private societies. The urban development and housing department is currently drafting the policy, which is anticipated to be released soon. “We have created a new draft policy following initial consultations with stakeholders and plan to unveil it for public feedback shortly,” a knowledgeable source stated. “The…

IndustryLatest Stories

Ludhiana’s Property Plates Project Stalled for 12 Years

LUDHIANA: Efforts to modernize the city’s property tracking system have been stalled for a decade due to two unsuccessful attempts at installing unique identification plates across the area. The municipal corporation’s initiative, proposed in 2014, aimed to assign a permanent UID number and QR code to every residential and commercial property, enabling officials to instantly check for unpaid taxes, water bills, and sewage dues. After 12 years of planning and failed implementations, the project lacks a clear timeline for progress. Most recently, the effort under the Smart City Mission failed due to a conflict between the municipal body and its…

IndustryLatest Stories

Anant Raj’s Net Profit Soars 30.81% to ₹557.02 Crore in FY26

NEW DELHI: Anant Raj has reported a 30.81% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹557.02 crore in FY26, compared to ₹425.82 crore in FY25, according to a BSE filing. The company’s total net consolidated income for FY26 was ₹2,579.08 crore, reflecting a growth of 22.80% from ₹2,100.28 crore in FY25. In Q4 FY26, net consolidated income grew by 22.60% to ₹675.41 crore, up from ₹550.90 crore in the same quarter last year. Profit after tax also rose by 25.19% to ₹148.71 crore, compared to ₹118.79 crore in the corresponding quarter…

Latest StoriesResidential

Noida: Great Value Sharanam Residents Raise Safety Concerns

NOIDA: Residents of Great Value Sharanam in Sector 107 have voiced serious concerns regarding the declining conditions of their housing structure, along with inadequate infrastructure and a lack of builder responsiveness to homeowner grievances. Members of the Apartment Owners’ Association (AOA) report that the waste management system in the society is poorly managed, with deficiencies in firefighting systems and inadequate elevators. With around 6,000 residents, many have stated that these issues have persisted since they began occupying the flats in 2017-18. Bishwarup Mallick, general secretary of the AOA, highlighted extensive water seepage in apartments and communal areas, noting that despite…

InfrastructureLatest Stories

Delhi enforces 100 GSM green nets for C&D dust control

Representative AI image NEW DELHI: The Delhi government has mandated the use of high-density dust screens at all construction and demolition (C&D) sites within the national capital to enhance dust pollution control measures, as stated by officials on Monday. The Delhi Pollution Control Committee (DPCC) has directed that the green nets employed at these sites must have a minimum thickness of 100 GSM (grams per square meter), and all project proponents are required to comply with this specification immediately. Delhi Environment Minister Manjinder Singh Sirsa emphasized, “Our battle against air pollution in Delhi is pursued with urgency and a comprehensive…

IndustryLatest Stories

War Halts UAE Realty Boom; Dubai Projects Delayed

DUBAI: The ongoing conflict in West Asia is projected to hinder handovers in the UAE’s thriving property market, with developers facing delays of six to nine months due to supply chain issues, increased costs, and stricter bank financing. Of the 45,000 units scheduled for delivery in Dubai by 2026, around half are expected to be postponed until 2027 or later, based on data from Anarock Middle East. The overall construction costs have surged by nearly 30%, as per industry estimates. Currently, Dubai’s under-construction market accounts for approximately 70% of total property transactions, fueled by strong foreign investment, increased migration, and…