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Latest StoriesRegulatory

SC Flags Issues, Urges Law Panel to Explore Blockchain for Property

NEW DELHI: The Supreme Court has raised concerns about systemic weaknesses in colonial-era property laws, advocating for nationwide reform. The court has instructed the Law Commission to create a comprehensive report examining the use of Blockchain technology to modernize property registration processes. Blockchain technology offers a secure, transparent, and immutable digital ledger for property transactions, significantly reducing fraud and improving verification processes for ownership and transactions through smart contracts. This directive followed a landmark ruling from a bench consisting of Justices Pamidighantam Sri Narasimha and Joymalya Bagchi, which invalidated Bihar’s 2019 amendment that allowed registration authorities to deny registration of…

Housing FinanceLatest Stories

Blackstone Secures CCI Nod for 80% Stake in Aadhar Housing

NEW DELHI: The Competition Commission of India (CCI) has approved the proposal from Blackstone’s subsidiary to acquire up to 80.15% stake in Aadhar Housing Finance Ltd. Blackstone, through its arm BCP Asia II Holdco VII Pte Ltd, is set to acquire the 80.15% stake in Aadhar Housing Finance Ltd (AHFL). The CCI’s release stated: “The proposed combination involves the acquisition of up to 80.15% shareholding in Aadhar Housing Finance Ltd (target/AHFL) by BCP Asia II Holdco VII Pte. Ltd (acquirer/BCP Asia) via a secondary acquisition and an open offer to the public shareholders of the target.” Aadhar Housing Finance Ltd…

IndustryLatest Stories

Puravankara’s Q2 FY26 Net Loss Expands to ₹43 Crore

NEW DELHI: Puravankara has reported a net consolidated loss after tax of ₹42.99 crore for the quarter ending September 30, 2025, compared to a loss after tax of ₹17.06 crore for the same quarter last year, as stated in a filing to the BSE. The company’s net consolidated total income for Q2 FY26 reached ₹662.73 crore, marking a 27.53% increase from ₹519.68 crore recorded in the same quarter of the previous year. Ashish Puravankara, managing director, stated, “In Q2 FY26, we maintained strong growth, driven solely by sustainable sales, achieving pre-sales of ₹1,322 crore and collections of ₹1,047 crore, both…

Housing FinanceLatest Stories

Aadhar Housing Finance Q2 FY26 Net Profit Up 17.12%

NEW DELHI: Aadhar Housing Finance has announced a 17.12% rise in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax reached ₹266.47 crore in Q2 FY26, compared to ₹227.51 crore during the same quarter last year, as disclosed in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹899.26 crore, marking a 17.66% increase from ₹764.28 crore in the corresponding quarter of the previous year. Rishi Anand, MD & CEO, stated, “We completed the first half of FY26 strongly, buoyed by robust operational performance and consistent demand in the affordable…

IndustryLatest Stories

Signature Global reports ₹46.86 crore loss in Q2 FY26

NEW DELHI: Signatureglobal (India) reported a net consolidated loss after tax of ₹46.86 crore for the quarter ending September 30, 2025, a decline from a profit of ₹4.15 crore in the same quarter of the previous fiscal year, according to their BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹372.51 crore, representing a 52.08% decrease from ₹777.42 crore in the corresponding quarter last year. During Q2 FY26, the management of the group opted to sell its investment property in the NCR region, successfully securing ₹5 crore from this transaction. Published on Nov 7, 2025 at 05:03…

InfrastructureLatest Stories

Unauthorised Structures Pop Up Near Mulapeta Port

Representative AI image SRIKAKULAM: The real estate surge near the under-construction greenfield port at Mulapeta in Santabommali mandal is proving lucrative for some realtors, who are reportedly deceiving buyers with unauthorized layouts. Many of these realtors are allegedly converting agricultural land into residential plots, violating regulations without providing layout plans to prospective buyers. The rapid development of the port has invigorated the real estate market, leading to numerous unauthorized layouts in adjacent villages. A senior official from the directorate of town and country planning, speaking on condition of anonymity, stated that out of approximately 90 ventures near Mulapeta Port, only…

Latest StoriesResidential

Kolkata: 1,000 Slum Dwellers Relocated to Banglar Bari

KOLKATA: Nearly 1,000 residents from 220 families in Jhoro Bustee, a slum near Golf Club Road, have relocated to the KMDA-developed ‘Banglar Bari’ on the same site. This project consists of five five-storey blocks, offering a total of 220 flats at a cost of Rs 13.4 crore, with each flat covering an area of 366 sq ft. According to KMDA officials, construction of a community center and kitchen is already in progress and is expected to be finalized within a few months. “The housing project was executed in two phases—180 units in the first phase and 40 in the second…

InfrastructureLatest Stories

Tamil Nadu: Half the land acquired for Parandur airport

CHENNAI: The Parandur airport project has advanced significantly as the state government has acquired 1,100 acres across 17 villages in Kancheepuram district, distributing ₹680 crore to the landowners. A total of 1,075 sale deeds were signed in the past four months during camps organized by revenue district officers and land acquisition officers. Official sources noted that local villagers willingly offered their land, satisfied with the compensation provided. “Those who registered their land to the government received immediate compensation via bank transfer,” the source mentioned. Compensation varies from ₹35 lakh to ₹1.1 crore per acre, depending on land guideline value, in…

Latest StoriesResidential

Gurugram Zone III: Property Tax Camps from Nov 8 for Dues

GURUGRAM: The Municipal Corporation of Gurugram (MCG) announced plans to hold several property tax camps across Zone 3 colonies from November 8 to November 30. These camps aim to assist residents in settling dues, correcting information, and obtaining on-site self-certification. According to the schedule released by the civic body, the camps will be open daily from 10 AM to 3 PM. Residents are encouraged to bring their Aadhaar and PAN cards along with property ownership documents, preferably in digital format, to facilitate self-certification and verification. MCG Commissioner Pradeep Dahiya stated, “These special camps aim to quickly resolve property tax and…

CommercialLatest Stories

Tidel Park Project Launching in Panjapur, Trichy

TRICHY: Tidel Park Limited, a state-owned enterprise, has established a special purpose vehicle (SPV) in collaboration with the Trichy corporation to develop office facilities for private IT and ITES firms in Panjapur. The corporation has leased approximately 14.1 acres of land adjacent to Panjapur KKBT to the SPV for a duration of 45 years, with the option for extension. In exchange for the land lease rights, the corporation has been allocated equity stakes worth ₹23.7 crore, with the total land value estimated at ₹47.5 crore. Sources indicate that the overall project cost will be around ₹462.5 crore, which includes the…