Category: Latest Stories

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IndustryLatest Stories

Oberoi Realty’s FY26 Profit Up 12.67% to ₹2,507.43 Crore

NEW DELHI: Oberoi Realty has reported a net consolidated profit increase of 12.67% for the financial year 2025-26. The profit after tax reached ₹2,507.43 crore in FY26, up from ₹2,225.51 crore in FY25, as stated in a BSE filing. The company’s net consolidated total income rose to ₹6,304.27 crore in FY26, showing a growth of 15.16% from ₹5,474.17 crore in FY25. In Q4 FY26, the net consolidated total income grew by 50.31%, reaching ₹1,823.71 crore compared to ₹1,213.33 crore in the same quarter last year. The profit after tax surged by 62.36% to ₹703.28 crore in Q4 FY26, versus ₹433.17…

CommercialLatest Stories

WorkEZ Grows Office Space Portfolio to 1.7 Million Sq Ft

NEW DELHI: Work Easy Space Solutions (WorkEZ), a provider of managed office spaces, has expanded its portfolio to nearly 1.7 million sq ft across 12 active buildings and two upcoming projects. The company has introduced new centers in Chennai and Kochi, and is also committed to development in Coimbatore. In Chennai, they have added 65,000 sq ft at Phoenix One National Park. Meanwhile, in Kochi, a partnership with Lulu Developers has added another 70,000 sq ft to their portfolio. Sunil Reddy, managing director and founder of WorkEZ, stated, “We have consistently expanded our portfolio while maintaining strong occupancies and building…

Latest StoriesRegulatory

CBI Files Sixth Chargesheet Against Shubhkamna Buildtech

NEW DELHI: The CBI has submitted a chargesheet against Shubhkamna Buildtech Pvt Ltd and its directors, marking the sixth such submission in the Supreme Court-directed investigation into the builder-banker nexus case, officials reported on Friday. In its chargesheet, the CBI accused the company and its directors of misleading innocent homebuyers into investing in its Noida project through false assurances, deceptive representations, and misleading promises, thereby wrongfully profiting at the expense of the victims. “The chargesheet has been filed before the competent Court under relevant provisions of the Indian Penal Code related to criminal conspiracy, cheating, criminal breach of trust, and…

CommercialLatest Stories

MediaTek Rents 1.04 Lakh Sq Ft in Noida for ₹144 Crore

NEW DELHI: BPTP has leased around 1.04 lakh sq ft of office space to MediaTek, a Taiwan-based semiconductor firm, at its Grade-A commercial site, Capital City in Sector 94, Noida. This site marks MediaTek’s second research and development (R&D) center in India. The estimated transaction value, based on the agreed commercial terms, is approximately ₹144 crore over a 10-year period. A spokesperson from MediaTek stated, “The new R&D facility in Noida aligns with our goals to enhance our talent pool and bolster our research capabilities.” BPTP Capital City offers about 7.80 lakh sq ft of office and mixed-use space, designed…

InfrastructureLatest Stories

Kochi Metro Phase II Delayed; New Rollout Set for April 2027

Certainly! Here’s a rewritten version of the content: KOCHI: The launch of Phase II of the Kochi Metro corridor, initially set to commence operations between its first five stations from JLN Stadium to Padamughal by June 2026, has been delayed by nearly a year due to temporary funding issues. Now that the financial challenges have been addressed, Kochi Metro Rail Ltd (KMRL) has updated its timeline, planning to complete the full 11.2km stretch from JLN Stadium to Infopark by April 2027. As previously reported, a funding shortfall had halted essential civil works, upsetting plans to launch services by mid-2026. In…

IndustryLatest Stories

Hero Realty secures ₹1,200 crore loan from IndusInd Bank

Here’s a rewritten version of the content you provided: NEW DELHI: Hero Realty (HRPL), the real estate branch of Hero Enterprise, has obtained a ₹1,200 crore debt facility from IndusInd Bank to bolster its growth and expansion initiatives. The transaction was facilitated by Rezonance Consultants. The company has recently introduced a residential project, The Palatial by Hero Homes, located in sector 104 along the Dwarka Expressway. Covering approximately 11 acres, this project features over 680 residences, developed in partnership with Panasonic Electricals to create AI-enabled homes equipped with indoor air purification technologies. HRPL is working on developments spanning over six…

CommercialLatest Stories

Adobe Leases 158,000 Sq Ft Office at Max Square, Noida

NEW DELHI: Adobe has secured a lease for approximately 158,000 sq ft of office space at Max Square, a commercial project by Max Estates in Noida. This lease represents one of the most significant office transactions in Noida in recent months, highlighting Adobe’s expansion into the National Capital Region. The company has commenced operations at the new facility located in sector 129 along the Noida-Greater Noida Expressway, employing over 700 people in engineering and customer support roles. This marks Adobe’s seventh office in India and its third in Uttar Pradesh. The company currently employs more than 8,000 individuals in India,…

IndustryLatest Stories

Haryana Sets June 30 Deadline for Online Land Sale Actors

Representative Image GURUGRAM: The Haryana government has set June 30, 2026, as the deadline for landowners to join the ongoing e-Bhoomi initiative, through which land is acquired with owner consent for urban, commercial, and institutional development throughout the state. HSVP (Haryana Shahari Awas Pradhikaran) is seeking to procure land to introduce new sectors. Notably, HSVP has not launched any new sectors in Gurgaon in the past 20 years. They have identified 1.7 lakh acres across 71 towns, marking it as one of the largest voluntary land procurement efforts in the state. The initial phase aims to acquire approximately 47,000 acres.…

InfrastructureLatest Stories

CAG Conducts Special Audit of 101 Cities for Living Assessment

BENGALURU: The Indian government is undertaking a comprehensive audit of 101 cities to evaluate citizens’ ease of living, as stated by Comptroller and Auditor General K Sanjay Murthy on Thursday. In his keynote speech at the 5th BRICS Supreme Audit Institutions (SAI) Leaders’ Summit, Murthy highlighted that the Comptroller and Auditor General (CAG) of India is reviewing multi-modal transport systems and logistics, collaborating with institutions such as the Indian Institute of Technology, Indian Institute of Management, and the World Bank. India is hosting this three-day summit under the theme ‘Ease of Living with a Focus on Urban Mobility’ during its…

Latest StoriesRegulatory

ED raids Punjab CM’s aide in land fraud case; CM denies ties

CHANDIGARH: On Thursday, the Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, targeting the premises associated with a purported aide of an OSD-rank official in the Chief Minister’s Office (CMO). This operation was part of an investigation into money laundering linked to two real estate groups accused of fraudulent land use changes and scamming investors. Approximately a dozen locations were searched in Mohali (SAS Nagar) and Chandigarh connected to the Suntec City project (developed by Indian Cooperative Housing Building Society – ICHBS) and its promoter, Ajay Sehgal, along with ABS Townships, Altus Space Builders, Dhir Constructions,…