Category: Latest Stories

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IndustryLatest Stories

BPTP Plans to List Its Real Estate Venture

BPTP Ltd is in the process of selecting a merchant banker to facilitate the listing of its real estate division, according to sources familiar with the matter. This Delhi-NCR-centric firm, boasting a land bank of 45-50 million sq ft, is planning to roll out projects valued at Rs 10,000 crore annually, along with establishing a distinct rental portfolio. CEO Manik Malik refrained from providing comments on the IPO plans, but mentioned that the company possesses enough land resources to launch projects worth Rs 40,000 crore, with intentions to continue acquiring strategically located land parcels. “In recent years, we have focused…

Latest StoriesResidential

BDA Resolves 20-Year Arkavathy Dispute, Allots 784 Sites

Representative AI image BENGALURU: In a long-awaited resolution to one of its most contentious issues, the BDA on Monday allocated 784 alternative plots in the Nadaprabhu Kempegowda Layout (NPKL) to allottees from the Arkavathy Layout who lost their sites due to land denotification and reallocation. The allotment, which utilized a computerized randomization process at the BDA headquarters, took mere minutes to complete, marking the end of a two-decade struggle for many beneficiaries. Officials stated that this initiative aimed to provide long-delayed relief to allottees awaiting resolution since 2005-06. “We have allocated 784 sites at once to resolve a longstanding issue…

InfrastructureLatest Stories

Noida Implements Construction Ban as GRAP Stage-III Takes Effect

NOIDA: Due to the worsening air quality in the Delhi-NCR region, the Commission for Air Quality Management (CAQM) has initiated Stage-III of the Graded Response Action Plan (GRAP). As a result, the Noida Authority has implemented stringent restrictions on construction activities and vehicle movement throughout the city. According to an official announcement on Tuesday, all construction work in Noida is suspended, with the exceptions of metro rail, hospitals, and flyovers. This action is aimed at reducing pollution levels as the region’s Air Quality Index (AQI) remains in the “severe” category. On Wednesday evening, the AQI readings were 407 at the…

IndustryLatest Stories

Alta Capital Invests $100M in Isprava’s Luxury Homes

Representative AI image The Isprava Group, a key player in Goa’s luxury real estate market, is nearing a significant Rs 850-crore ($100 million) investment from Alta Capital, marking the largest fundraising effort in the company’s nine-year history, according to sources familiar with the deal. This investment, encompassing both primary and secondary shares, aims to facilitate the company’s expansion in coveted vacation spots like Goa, Alibaug, Karjat, and Kasauli. It will also enable Isprava to introduce international offerings for its affluent clientele and provide exits to some previous high-net-worth investors. Once finalized in the coming weeks, Alta Capital will ascend to…

CommercialLatest Stories

EFC (I) Net Profit Soars 55.11% in Q2 FY26

NEW DELHI: EFC (I) has announced a significant 55.11% increase in its net consolidated profit for the quarter ending September 30, 2025. The company reported a profit after tax of ₹56.71 crore in Q2 FY26, compared to ₹36.56 crore in the same quarter last year, according to a filing with the BSE. The net consolidated total income for Q2 FY26 reached ₹441.90 crore, marking a 4.18% rise from ₹424.19 crore in the corresponding quarter of the previous fiscal year. Expanding its capacity, the company now seats over 68,000, achieving an average revenue of ₹6,750-7,250 per seat and managing an area…

IndustryLatest Stories

Pune Jain Property Row: Sale Nullified, Deed Awaiting Cancellation

PUNE: The Maharashtra charity commissioner has ordered the cancellation of a Jain trust’s prime property sale in Pune to a builder. However, officials report that neither party has approached the Registration and Stamp Department to finalize the cancellation deed. On Tuesday, Jain spiritual leader Acharya Guptinandi Maharaj, who spearheaded the protest against the Seth Hirachand Nemchand Jain hostel property deal between Model Colony trustees and Gokhale Landmarks LLP, threatened to resume the agitation if the deal is not nullified within a few days. The land, which includes a boarding facility for Jain students and the Bhagwan Mahavir temple, is located…

Housing FinanceLatest Stories

SRG Housing Finance Q2 FY26 Net Profit Jumps 24.85%

NEW DELHI: SRG Housing Finance has reported a 24.85% increase in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit after tax reached ₹8.24 crore in Q2 FY26, up from ₹6.60 crore during the same quarter last fiscal, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹48.44 crore, reflecting a 31.49% rise from ₹36.84 crore in the same quarter last year. Vinod K. Jain, managing director, stated, “We maintained our growth trajectory in Q2 FY26, with assets under management (AUM) increasing to ₹866.64 crore, approximately 33% higher year-on-year. Our…

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Net Profit Drops 84.91%

NEW DELHI: Keystone Realtors reported an 84.91% decline in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit post-tax was ₹9.89 crore for Q2 FY26, compared to ₹65.55 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹520.92 crore, down 6.35% from ₹556.22 crore reported in the same quarter last year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹772 crore in Q2 FY26, representing a 10% year-on-year growth on a quarterly basis, and ₹1,839 crore for H1…

Housing FinanceLatest Stories

Repco Home Finance Q2 FY26 Net Profit Drops 5.12%

NEW DELHI: Repco Home Finance reported a 5.12% decrease in its consolidated net profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹103.15 crore, down from ₹108.72 crore in the same quarter last year, according to a BSE filing. The company’s consolidated total income for Q2 FY26 was ₹441.90 crore, reflecting a 4.18% increase from ₹424.19 crore in the corresponding quarter of the previous fiscal year. The overall loan portfolio amounted to ₹15,033 crore as of September 30, 2025, an increase of 7.7% from ₹13,964 crore a year earlier. The assets under management…

IndustryLatest Stories

Emaar India to invest ₹1,600 crore in Gurugram luxury homes

NEW DELHI: Realty firm Emaar India is set to invest approximately Rs 1,600 crore to develop a luxury housing project in Gurugram to meet robust consumer demand. The Indian subsidiary of UAE-based Emaar Properties recently unveiled the ‘Serenity Hills’ residential project in Sector 86, Gurugram. Emaar India CEO Kalyan Chakrabarti stated, “We are launching the initial phase of our new housing development in Gurugram, featuring 997 apartments across seven towers.” This project is designed as a green initiative, aiming for IGBC Platinum pre-certification, and is being built in collaboration with the landowner. In response to inquiries about project costs, Chakrabarti…