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IndustryLatest Stories

Telangana Considers Major Updates to Building Regulations

HYDERABAD: The Telangana government is contemplating a series of revisions to building regulations aimed at reducing compliance burdens and costs within the real estate sector. These changes include modifications regarding mortgaging built-up space, building fee payments, issuance of No Objection Certificates (NOCs), project timelines, and permissible floor heights. The proposed changes follow multiple appeals from builders and developers, who contend that current regulations have become outdated and excessively restrictive. According to government sources, there is a preliminary agreement to lower the required mortgaging of built-up space from 10% to 5%, responding to requests from builders’ and developers’ associations. The remaining…

Latest StoriesRegulatory

BMC Halts Work on Transit Camp at Sewage Plant Site in Mumbai

MUMBAI: The BMC has issued a stop-work notice for a transit camp in Worli, as it has been discovered that the camp is being constructed on land reserved by the civic body for a sewage treatment plant. Municipal officials reported that two sewer lines run through the site, and initial assessments indicate that construction has already disrupted sewage flow, raising concerns about potential flooding and infrastructure failure, especially during the monsoon season. Additional civic chief Ashwini Joshi instructed BMC’s chief engineer (sewerage operations) to file a criminal complaint against D B Patil, a Slum Rehabilitation Authority executive engineer, for allegedly…

IndustryLatest Stories

Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

Latest StoriesResidential

Puducherry Launches Housing Subsidy for Poor: CM

PUDUCHERRY: Chief Minister N Rangasamy has announced that his government is rolling out a housing subsidy scheme aimed at providing solid homes for the underprivileged by replacing makeshift huts. During a function in Tirukanchi village on Thursday, where he distributed increased pensions to the elderly, destitute women, and marginalized citizens, he stated, “The integrated housing scheme, which combines subsidies from our territorial government with the Centre’s Pradhan Mantri Awas Yojana, has been initiated to support the poor in transitioning from huts to concrete houses.” Rangasamy expressed confidence that the Union Territory would become “hut-free” by swiftly implementing this housing scheme.…

IndustryLatest Stories

Embassy REIT Q3 FY26 Net Operating Income Rises 19%

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 19% year-on-year increase in net operating income (NOI), reaching ₹985 crore for the third quarter ending December 31, 2025. Operational revenue rose by 17% year-on-year to ₹1,193 crore. The board of directors for Embassy Office Parks Management Services (EOPMSPL), which manages Embassy REIT, has declared a distribution of ₹613 crore, equating to ₹6.47 per unit for the quarter. Additionally, the company raised ₹400 crore via a commercial paper at an effective interest rate of 6.44% per annum, successfully reducing its in-place cost of debt by 61 bps over the last…

IndustryLatest Stories

Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…

IndustryLatest Stories

Haryana: Landowners face FIR for leasing farmland to illegal factories

GURUGRAM: The Haryana State Pollution Control Board officials have announced that landowners who lease or sell agricultural plots for unauthorized factory operations will now face criminal charges along with the operators of these units. This initiative forms part of the ongoing efforts to address the annual air quality crisis affecting Delhi-NCR. FIRs will now be filed against both landowners and tenants where industrial activities are detected on farmland without the necessary approvals. This marks a significant shift from past enforcement actions, which primarily focused on sealing or demolishing such units. Senior officials have directed teams to locate these plots and…

IndustryLatest Stories

Ashiana Housing Purchases 8.83 Acres in Maharashtra

Representative image NEW DELHI: Ashiana Housing has acquired approximately 8.83 acres of land in Wavarle, Raigad, Maharashtra, through outright purchase from various sellers. The company intends to develop a senior living project on this land, featuring a saleable area of 450,000 sq ft. Additionally, Ashiana announced a collaboration with Epoch Elder Care, which will take full operational control of Ashiana Care Homes in Bhiwadi. Epoch will manage a 48-bed facility offering assisted living services and care for chronic conditions. Published On Feb 6, 2026 at 04:30 PM IST Join a community of over 2 million industry professionals. Subscribe to our…

CommercialLatest Stories

Hyderabad Office Market to Gain 18-19 Million Sq Ft by FY27: ICRA

NEW DELHI: The office market in Hyderabad is projected to welcome 18-19 million square feet of new Grade-A supply between Q4 FY26 and FY27, according to the rating agency, ICRA. Occupancy rates are expected to remain stable at approximately 82.5-83% by March 2027, driven by consistent demand from IT-BPM and BFSI sectors. Notably, around 23% of the forthcoming supply is already pre-leased. Leasing activity in Hyderabad has demonstrated resilience during the first nine months of FY2026. Within this timeframe, the city added 8.4 million sq ft of new Grade-A office space, with net absorption slightly outpacing supply at 8.5 million…

InfrastructureLatest Stories

YEIDA Reclaims 62 Acres in Mathura Demolition Efforts

Representative AI image NOIDA: On Wednesday, the Yamuna Authority reclaimed approximately 62 acres of encroached land intended for the Heritage City and Raya Urban Centre projects in Mathura district, with officials estimating its market value at nearly Rs 1,000 crore. Demolition operations took place in Piprauli Khadar, Aruwa Khadar, and Panigaon Khadar, targeting illegal hotels and roadside eateries within the Heritage City limits. Officials noted an increase in unauthorized commercial and residential activities in the area recently. Action was also taken against an unapproved colony spanning nearly 2 hectares along the Yamuna riverbank, with two illegal colonies in the core…