Category: Latest Stories

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Latest StoriesResidential

ASK Property Fund Invests ₹260 Crore in Kreeva’s Delhi Project

NEW DELHI: ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested ₹260 crore in the Kanodia Group’s real estate venture, Kreeva. Kreeva has procured a prime land parcel in South Delhi for approximately ₹350 crore and plans to develop a luxury residential project covering 500,000 sq ft. “This marks ASK’s inaugural investment in a vertical residential project in Delhi, aimed at providing a unique residential experience in a market mainly characterized by independent floors,” stated Amit Bhagat, Co-founder, CEO, and MD of ASK Property Fund. Earlier, Shapoorji Pallonji Real Estate (SPRE) entered…

Latest StoriesResidential

Affordable housing drops to 17% in 2025: Economic Survey

NEW DELHI: The aspiration of homeownership is becoming increasingly out of reach for low-income groups in India, as the availability of affordable housing takes a significant downturn. The Economic Survey 2025-26 reveals that the percentage of affordable housing units, priced under ₹50 lakh, in India’s eight major cities plummeted from 52.4% in 2018 to a mere 17% by 2025. This substantial drop occurs amidst a forecast that demand for such housing will hit 30 million units by 2030. Currently, the overwhelming majority of this shortfall is among low-income groups, which represent 99% of the housing deficit in recent years. The…

IndustryLatest Stories

Ajmera Realty’s Q3 FY26 Net Profit Drops 24.64%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has reported a 24.64% decline in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax for Q3 FY26 was ₹25.54 crore compared to ₹33.89 crore in the same quarter of the previous fiscal year, as per the company’s BSE filing. The net consolidated total income for the company was ₹183.52 crore in Q3 FY26, reflecting a decrease of 7.83% from ₹199.12 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs, stated, “We achieved a remarkable performance in the first nine months of…

CommercialLatest Stories

Brookfield REIT’s Q3 FY26 NOI Rises 14%

NEW DELHI: Brookfield India Real Estate Trust (Brookfield REIT) has announced a year-on-year increase of 14% in its net operating income (NOI), reaching ₹5,404 million for the third quarter and nine months ending December 31, 2025, up from ₹4,745 million in Q3 FY25. The company declared distributions of ₹5.40 per unit, totaling ₹4 billion for Q3 FY26, marking a 10% year-on-year growth. Income from operating lease rentals also rose by 13% year-on-year, increasing to ₹5,003 million from ₹4,426 million in Q3 FY25. Additionally, same-store NOI showed a rise of 9% year-on-year. “We achieved strong leasing results with a quarterly gross…

InfrastructureLatest Stories

Centre announces new solid waste management rules starting April 1

Representative AI image NEW DELHI: The Center has introduced new Solid Waste Management Rules mandating four-stream segregation of solid waste at its source, with clearly defined responsibilities for bulk waste generators. The waste categories for segregation include: wet waste, dry waste, sanitary waste, and special care waste. Union Environment Minister Bhupender Yadav announced that these rules will take effect from April 1. Bulk waste generators are defined as entities with a floor area of 20,000 square meters or more, daily water consumption of 40,000 liters or more, or solid waste generation of 100 kilograms or more per day. This category…

Latest StoriesResidential

President: 40 Million Houses Built for Poor in a Decade

NEW DELHI: President Droupadi Murmu announced on Wednesday that the government has built four crore pucca houses for the underprivileged over the past decade, reflecting its commitment to achieving housing for all. In her joint address to Parliament, she noted that 32 lakh newly constructed houses were handed over to beneficiaries in the last year. Emphasizing efforts to boost urban livelihoods, the president shared that under the PM SVANidhi scheme, 72 lakh street vendors received financial aid totaling Rs 16,000 crore. The Union Ministry of Housing and Urban Affairs oversees this initiative, introduced in 2020 to provide affordable working capital…

Latest StoriesResidential

Wayanad Building Owners Excluded from Rehab Efforts

KOZHIKODE: More than 18 months after the devastating landslide in Wayanad, building owners in Chooralmala and Mundakkai are still awaiting assistance from the government and NGOs. As the first phase of the rehabilitation township at Elstone Estate approaches completion, no compensation has been announced for those who lost their properties in the disaster. T A Asif Ali, who lost six buildings spanning 10 cents in the landslide, reported that a total of 122 properties owned by 52 individuals were either partially or entirely destroyed. “The estimated loss is about ₹15 crore. While we haven’t received any compensation, we are still…

InfrastructureLatest Stories

Mangaluru Apartments Turn Wet Waste into Compost, Boost Income

Representative AI Image MANGALURU: Numerous apartment complexes in the city are implementing sustainable waste management techniques by converting household wet waste into organic compost. This approach not only decreases the amount of waste sent to landfills but also generates a modest revenue stream for resident welfare associations. Many apartments are investing in Organic Waste Composter (OWC) machines that can transform wet waste into compost within a day. The produced compost is sold to residents and others. While machine-based composting is on the rise, several residential complexes still use traditional vermicomposting, which takes several weeks to complete. At Canopy, a luxury…

Housing FinanceLatest Stories

Easy Home Finance Raises $30M from Investcorp, Claypond, SMBC

Mumbai-based Easy Home Finance has raised $30 million in a funding round led by global asset management firm Investcorp. Existing investors, including Ranjan Pai’s Claypond Capital and SMBC Asia Fund, also participated. This investment brings the total funding to $80 million. In an interview with RealtyDailyNews, founder Rohit Chokhani stated that the funds will mainly be used to expand their loan offerings and strengthen their presence in smaller towns. “Currently, we operate in 14 states and 106 cities. Our goal is to penetrate deeper into smaller towns with populations exceeding 500,000,” Chokhani stated. Easy Home Finance not only manages its…

InfrastructureLatest Stories

Jaipur body allocates land for new metro line

JAIPUR: The Jaipur Development Authority (JDA) convened its land and property disposal committee meeting on Tuesday, during which several significant proposals for land allotment were greenlighted. The committee sanctioned the allocation of 7,700 square metres for the Jaipur Metro Phase-1C, which will extend from Badi Chaupar to Transport Nagar, passing through Galta Gate. As part of the Metro Phase-1C routing, land owned by the forest department will be utilized, with equivalent JDA land allocated to the forest department in return. This arrangement will facilitate the transfer of 2.01 hectares in Daulatpura revenue village, Amer tehsil, to the forest department. The…