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IndustryLatest Stories

Kolte-Patil Developers Reports ₹11 Crore Q2 FY26 Loss

NEW DELHI: Kolte-Patil Developers Ltd has reported a consolidated net loss of ₹11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. In the same period last year, the company posted a net profit of ₹10.34 crore. Total income decreased by 50% to ₹161.75 crore in Q2 of this fiscal year, compared to ₹320.96 crore during the same quarter last year, as stated in a regulatory filing. The board has approved the appointment of Avani Vishal Davda as an additional director (Non-Executive and Independent), effective immediately, pending shareholder approval. The resignations of Sudha Pravin Navandar as…

IndustryLatest Stories

Sri Lotus Developers Q2 FY26 Profit Dips 8% to ₹46.36 Crore

NEW DELHI: Sri Lotus Developers and Realty Ltd has reported an 8% decrease in consolidated net profit to Rs 46.36 crore for the September quarter, down from Rs 50.47 crore during the same period last year. Conversely, total income surged to Rs 188.81 crore in the July-September timeframe, up from Rs 125.08 crore a year earlier, according to a regulatory filing. The Mumbai-based firm has finalized four projects totaling over 4.2 lakh sq ft of carpet area, with six projects currently in progress and 12 more planned, covering approximately 27.6 lakh sq ft of carpet area and about 20.5 lakh…

Latest StoriesRegulatory

Telangana HC Halts Ruling on Budwel Land E-Auction

HYDERABAD: In a significant development, the Telangana High Court has suspended a prior ruling that overturned the e-auction of 4.19 acres of land at Budwel, Rajendranagar, which was to be conducted by the HMDA. The court has allowed the HMDA to proceed with the auction while prohibiting the declaration of the highest bidder. The division bench, comprising Justices Moushumi Bhattacharya and Gadi Praveen Kumar, issued this directive on Tuesday during an appeal by the state government challenging the single judge’s decision made in May 2025. The bench also instructed the district collector of Rangareddy to address claims made by private…

CommercialLatest Stories

Awfis Space Solutions Q2 FY26 Net Profit Falls 58.7%

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has reported a 58.7% decline in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹15.97 crore, down from ₹38.67 crore in the same quarter of the prior fiscal year, according to a BSE filing. The company’s net consolidated total income was ₹392.97 crore in Q2 FY26, reflecting a 30.14% increase from ₹301.95 crore in the year-ago quarter. Amit Ramani, the company’s chairman and managing director, stated, “In H1 FY26, our Operating EBITDA grew 44% year-on-year, revenue expanded by…

InfrastructureLatest Stories

Crackdown on Illegal Commercial Structures in Ludhiana

LUDHIANA: In a move against unauthorized constructions, the municipal corporation (MC) sealed three illegal shops and a building in Zone B on Monday. Additionally, an under-construction commercial building near Mohar Singh Nagar was demolished. The illegal shops were located in Nirankari Mohalla, while the building was in Narinder Nagar. This action follows directives from MC Commissioner Aaditya Dachalwal. Regarding the action in Mohar Singh Nagar, officials noted that the owner was unlawfully converting a residential building into a commercial space. The unauthorized section of the building was demolished. The civic body urged residents to initiate construction only after securing approval…

IndustryLatest Stories

Ludhiana Civic Body Set to Take Over GLADA Colonies and Sites

LUDHIANA: The Ludhiana municipal corporation (MC) is currently pursuing plans to take over colonies and sites from the Greater Ludhiana Area Development Authority (Glada), even as efforts to acquire areas from the Ludhiana Improvement Trust (LIT) continue. Glada has been attempting to complete the takeover for over ten years but has faced numerous challenges. MC officials have stated they are holding discussions and will soon make a decision at the house level. The Greater Ludhiana Area Development Authority has proposed to transfer several schemes and areas, including Sector 32A, Sanjay Gandhi Colony (25 acres), sectors 33 and 38, Chandigarh Road…

InfrastructureLatest Stories

Haryana CM Urges Action on Civic Issues in Gurugram

File Photo CHANDIGARH: Haryana Chief Minister Nayab Singh Saini declared Gurugram as the fastest-growing city in the state, emphasizing that any negligence in civic amenities management will not be tolerated. He instructed officials to quickly compile and present a comprehensive report on the current status of water supply, sewerage systems, and sewage treatment plants (STPs) in the city. Saini asserted that providing high-quality essential services to every Gurugram resident is a top government priority. The CM held a meeting of the District Public Relations and Grievance Redressal Committee in Gurugram on Monday, attended by local MLAs Bimla Chaudhary, Tejpal Tanwar,…

Latest StoriesRegulatory

Rajasthan HC Offers Govt Final Chance on 86 Illegal Colonies

JAIPUR: The Rajasthan high court expressed its strong dissatisfaction with the state government’s failure to respond regarding the case involving 86 illegally developed colonies on land belonging to the Rajasthan Housing Board (RHB). On Monday, the court granted the government a final chance to submit its response by December 9. During the hearing of a public interest litigation (PIL) brought forth by the civil society group Public Against Corruption, a division bench led by Acting Chief Justice SP Sharma mandated the government to provide a comprehensive report on actions taken in line with previous court orders. The petitioner’s lawyer, Poonam…

IndustryLatest Stories

Register Sale Deeds at Any Taluka Office Soon: Goa CM

PANAJI: Citizens will soon have the option to register their sale deeds at any of the 12 sub-registrar offices across the state. This move, as announced by Chief Minister Pramod Sawant, aims to eliminate the restriction of registering land only in the region where it is located. Sawant further stated that the processes for marriage and land registrations will be streamlined in the next 10 days based on directives given to officials. “Today, I convened a meeting with registrars, sub-registrars, and directors as law minister. We discussed various issues related to the National Informatics Centre (NIC) and the Info Tech…

Latest StoriesResidential

Hiranandani Expands into Senior Living with 1M Sq Ft in Chennai

Representative Image NEW DELHI: Hiranandani Communities, part of the Niranjan Hiranandani Group, has partnered with GTB Group to venture into the senior living sector. The Elements project, covering 4.5 acres, has a development potential of one million sq ft and will be situated in Hiranandani Parks, Oragadam—a planned township in Chennai. The estimated total project value is ₹300 crore and will be executed in two phases. It is set to include 400 residences, with prices starting from ₹60 lakh. Niranjan Hiranandani, founder and chairman, commented, “The Hiranandani Parks, Oragadam township aims for an ambitious topline revenue of ₹4,000 crore, as…