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Housing FinanceLatest Stories

Aptus Value Housing Finance Q3 FY26 Profit Soars 24%

NEW DELHI: Aptus Value Housing Finance India has reported a 23.98% increase in net consolidated profit for the quarter ending December 31, 2025. The profit after tax (PAT) reached ₹236.18 crore, compared to ₹190.50 crore in the same quarter last year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹568.53 crore, reflecting a 22.35% rise from ₹464.68 crore recorded in the corresponding quarter last year. P. Balaji, managing director, stated, “We have expanded our network to 335 branches, adding 37 new locations over the calendar year. The Opex ratio remained stable at 2.7%…

InfrastructureLatest Stories

Rivers, groundwater threatened as STPs decline in Pune, Pimpri

PUNE: The declining health of rivers in Pune and Pimpri Chinchwad has repeatedly come under scrutiny in recent years. According to citizens, activists, and experts, a significant factor is the inadequate sewage treatment plants (STP) managing the wastewater flowing into these water bodies, both at the municipal level and in individual residential complexes. In a January 19 ruling this year, the Bombay High Court mandated that all municipal corporations across the state ensure no occupancy certificates (OC) are issued for high-rises lacking proper connections to the civic sewage lines or without an STP on-site. This ruling is particularly important as…

Latest StoriesResidential

Chandigarh Updates Paying Guest Policy

Representative Image CHANDIGARH: The Chandigarh administration has revised its paying guest (PG) policy, now requiring completion certificates for registration and ending the option for conditional registration. As per the amendment to Clause 5 of the PG policy, notified on Tuesday, PG accommodations will now only be allowed in residential properties that comply with building bylaws and have not been subject to unauthorized construction after receiving a completion certificate. Previously, PG establishments could secure conditional registration even without completion or occupation certificates, with a grace period of six months to submit these documents. Under the new policy, conditional approvals are abolished,…

Latest StoriesResidential

Mumbai: Meghwadi Chawl Residents Claim Coercion in Redevelopment

MUMBAI: Residents of the historic Meghwadi chawl in Dharavi are not just opposing a redevelopment plan but are also facing a systematic campaign of intimidation and harassment aimed at displacing families who have lived there for generations. The issue escalated after an urgent seven-day eviction notice was issued by the Slum Rehabilitation Authority (SRA) last December, with claims of local thugs, possibly politically motivated, pressuring residents to leave their homes. The nearly 150-year-old Meghwadi chawl, formerly known as Central Railway Patra chawl, contains around 80 hutments housing approximately 350 residents, including many seniors and children. Many of them have ancestral…

InfrastructureLatest Stories

YEIDA Dismantles Illegal Colony, Clears 25 Acres Near Noida Airport

Sure! Here’s a rewritten version of your content: Representative Image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) took significant action on Monday, reclaiming 25 acres of land valued at Rs 400 crore from illegal housing projects near the upcoming airport. During the operation, officials demolished an unauthorized colony known as “Green City,” which occupied approximately 12 acres in Dayanatpur village. Additional encroachments spanning about 7 acres were also targeted, where illegal plotting was reported. Moreover, a 60-meter-wide road leading to the airport was cleared as well. In a concurrent operation, nearly 6 acres of encroachments were removed in Sabota…

IndustryLatest Stories

TREVOC, Canonicus Launch ₹500-Cr Fund for Stalled NCR Housing

NEW DELHI: TREVOC Group has joined forces with Canonicus Capital to establish a ₹500-crore funding and execution platform. This initiative aims to complete nearly finished residential projects in the National Capital Region (NCR). The platform will start by deploying up to ₹125 crore, courtesy of Canonicus Capital in the initial phase, with ambitions to expand the fund to ₹500 crore in the coming years based on project needs. The focus will be on projects that are struggling due to last-mile funding shortages and execution delays, an issue that continues to burden NCR’s residential market, even with improved demand in recent…

IndustryLatest Stories

Uttar Pradesh Housing Board Raises ₹1,000 Crore via New Scheme

LUCKNOW: The housing board has generated an impressive revenue of ₹1,000 crore through its first-come-first-served scheme, launched in October last year. This initiative aims to sell off old units that had remained unsold for various reasons, officially beginning on October 31. The Uttar Pradesh Awas Vikas Parishad compiled a list of unsold properties statewide. Information about the flats, including their coordinates, photographs, and addresses, is available on a centralized portal managed by the department. Housing Commissioner Balkar Singh mentioned that 2,141 flats have been booked by buyers so far, adding that “the scheme is effective until March 31.” To make…

Latest StoriesRegulatory

Ajnara Homes Fined by Greater Noida for STP Issues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has levied a penalty of ₹50 lakh on Ajnara Homes in Sector 16B due to a malfunctioning sewage treatment plant (STP) and the discharge of untreated sewage. An additional fine of over ₹4 lakh was imposed for improper solid waste management. The residential society, consisting of approximately 2,300 flats, generates around 1.15 million litres per day (MLD) of sewage. During inspections, officials discovered that untreated sewage was being funneled into a drain and, following a blockage in that drain, it began flooding the basements of adjacent homes. Residents stated that the STP…

Housing FinanceLatest Stories

CCI Approves AXDI LDII SPV’s 10% Stake in Aadhar Housing

NEW DELHI: The Competition Commission of India (CCI) has sanctioned AXDI LDII SPV 1’s acquisition of a 10.04% stake in Aadhar Housing Finance. This special-purpose vehicle is established in the Abu Dhabi Global Market. The transaction entails AXDI LDII SPV 1 obtaining the stake on a fully diluted basis from BCP Topco VII, as outlined in the regulator’s approval order. In addition, an open offer for equity shares of Aadhar Housing Finance was initiated in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This offer was made by BCP Asia II Holdco VII, in collaboration with…

IndustryLatest Stories

Signature Global reports ₹45.33 crore net loss in Q3 FY26

NEW DELHI: Signatureglobal (India) has reported a net consolidated loss after tax of ₹45.33 crore for the quarter ending December 31, 2025, compared to a profit after tax of ₹29.13 crore during the same quarter of the previous fiscal year, as noted in a filing with BSE. The company’s net consolidated total income for Q3 FY26 was ₹312.76 crore, reflecting a 63.72% decline from ₹862.14 crore in the corresponding quarter of the previous year. Pradeep Aggarwal, the founder and chairman, stated, “We have maintained steady performance during the first nine months of FY26. Although the real estate market has experienced…