Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

Godrej Properties Q2 FY26 Net Profit Rises 20.73%

NEW DELHI: Godrej Properties (GPL) has recorded a 20.73% increase in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax reached ₹402.99 crore in Q2 FY26, up from ₹333.79 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹1,950.05 crore, reflecting a growth of 44.82% compared to ₹1,346.54 crore in the previous fiscal year’s quarter. Pirojsha Godrej, executive chairperson, remarked, “The ₹6,000 crore raised through a QIP last year, alongside our operational cash flow, will empower us to continue investing…

IndustryLatest Stories

Ajmera Realty Q2 FY26 Net Profit Falls 14.09%

NEW DELHI: Ajmera Realty & Infra India reported a 14.09% decline in net consolidated profit for the quarter ending September 30, 2025. Profit after tax and non-controlling interest was ₹30.37 crore in Q2 FY26, down from ₹35.35 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹221.01 crore, reflecting an 8.30% increase from ₹204.08 crore in the corresponding quarter last year. In the reported quarter, sales value rose 48% year-on-year to ₹828 crore, sales volume increased 20% year-on-year to 2,93,016 sq ft, and collections…

Latest StoriesRegulatory

₹100 Crore Housing Fraud Case Against Mumbai Developer

MUMBAI: A case has been filed against a real estate developer and others for allegedly defrauding homebuyers of Rs 100 crore with false promises of flats in Mumbai’s Wadala area. Funds were allegedly diverted for personal use, according to officials on Thursday. The police’s Economic Offences Wing (EOW) initiated the case on Wednesday following preliminary inquiries sparked by a complaint from 62-year-old Chartered Accountant Anil Dron, a Kandivali resident. The accused—developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, B P Gangar Constructions, and others—are alleged to have collected Rs 100 crore from 102 individuals since 2018 under the pretense of…

IndustryLatest Stories

Officials Regain Key Land in Malavalli After HC Ruling

Sure! Here’s a rewritten version of that content: MANDYA: In a significant development, officials took possession of 2.3 acres of valuable land in the heart of Malavalli town on Tuesday. This prime property, valued at over Rs 50 crore, was reclaimed by the City Municipal Council (CMC) following a ruling from the High Court. Lokesh, the tahsildar of Malavalli taluk, stated, “According to a court order dated October 10, this land was previously under the control of the family of former Union minister MV Chandrashekara Murthy. The High Court’s verdict granted ownership to the CMC. The operation commenced at 7:30…

IndustryLatest Stories

New Noida Project Land Acquisition to Start Soon

Representative image NOIDA: The process of land acquisition for New Noida, set to be the upcoming industrial township, is about to commence. Officials report that the Noida Authority is finalizing the compensation plan for farmers in the Dadri–Noida–Ghaziabad Investment Region (DNGIR). The Authority will appoint officials to manage acquisition efforts across 80 identified villages in Gautam Budh Nagar and Bulandshahr districts. As one official explained, “The land acquisition will utilize a hybrid model that includes direct purchase, mutual consent, and land pooling to promote farmer involvement and ensure transparency throughout the process.” New Noida will cover approximately 209 square kilometers…

InfrastructureLatest Stories

Ghaziabad: GDA to Invite Objections for Indirapuram Land Acquisition

GHAZIABAD: Following a directive from the Allahabad High Court, the Ghaziabad Development Authority (GDA) is set to seek public objections next week regarding the acquisition of land for its Indirapuram Extension scheme. The court’s ruling highlighted irregularities in the land acquisition process, prompting the GDA to notify the public. “The land acquisition process involves multiple steps, including issuing notifications, inviting public objections, determining rates, disbursing payments, and ultimately taking physical possession of the land. In this instance, the court determined that the GDA neglected to invite public objections,” a GDA official noted. The GDA’s order dated October 17 mandates, “The…

IndustryLatest Stories

HMDA to Auction 44 Acres in Kokapet, Moosapet for ₹5,000 Cr

HYDERABAD: Following the Telangana State Industrial Infrastructure Corporation’s (TSIIC) record land auctions in Raidurg, the Hyderabad Metropolitan Development Authority (HMDA) has announced plans for e-auctions of 44 acres of government land in Kokapet and Moosapet, aiming to generate approximately ₹5,000 crore in revenue. The HMDA has set the minimum bid price at ₹99 crore per acre for the Neopolis layout in Kokapet, ₹70 crore per acre for the Golden Mile layout also in Kokapet, and ₹75 crore per acre in Moosapet. This will be the third phase of auctions in Neopolis and the second phase in Golden Mile. Auctions for…

IndustryLatest Stories

Notices Sent to 170 Trichy Site Owners for Poor Upkeep

Representative Image TRICHY: The Trichy corporation has initiated a campaign to identify neglected vacant plots in residential areas and locate property owners to issue notices according to the Tamil Nadu Public Health Act of 1939. So far, the local authority has sent out 170 notices, urging property owners to remove overgrown weeds and level their land to prevent water stagnation during the monsoon. Due to a lack of regular maintenance, shrubs often conceal these properties, and neighbors frequently use the abandoned sites as dumping grounds. Residents and large waste generators are also reported to use vacant lots along major roads…

Latest StoriesResidential

Citizens Demand End to Pune’s Tax Defaulter Amnesty Scheme

PUNE: Various citizen groups are calling for the cancellation of the proposed amnesty scheme designed for property tax defaulters, arguing that earlier implementations have proven ineffective. The Pune Municipal Corporation (PMC) initiated this amnesty scheme for the 2020-2021 fiscal year, intending to offer tax defaulters discounts upon settling their dues. The scheme was later reintroduced for the 2021-2022 fiscal year. Vivek Velankar from Sajag Nagrik Manch, a citizens’ organization, stated, “The recurring launch of such schemes sends the wrong message to responsible taxpayers. Many who utilized the benefits ended up defaulting on taxes again, resulting in a revenue loss for…

Latest StoriesResidential

Delhi: Signature View Residents to Start Receiving Rent in July 2023

NEW DELHI: The Delhi Development Authority (DDA) has greenlit facilitation fees for residents of Signature View Apartments, who vacated their homes due to significant structural damage. The compensation will assist with rent payments, set at ₹50,000 monthly for High-Income Group (HIG) flats and ₹38,000 for Medium-Income Group (MIG) apartments starting July 1, 2023, or from their vacating date, whichever is later. The compensation amount will increase by 10% annually, with the first revision on July 1, 2024, followed by adjustments in July 2025 and July 2026. In 2024, residents will receive ₹55,000 (HIG) and ₹41,800 (MIG); in 2025, this will…