Category: Latest Stories

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IndustryLatest Stories

Lodha Developers’ Q3 FY26 Profit Edges Up to ₹957 Crore

NEW DELHI: Lodha Developers Ltd reported a consolidated net profit increase of 1% to Rs 956.9 crore for the third quarter of this fiscal year, compared to Rs 944.4 crore in the same quarter last year. The company’s total income rose to Rs 4,775.4 crore for the October-December period of 2025-26, up from Rs 4,146.6 crore during the same period the previous year, as noted in a regulatory filing. Abhishek Lodha, MD & CEO of Lodha Developers, commented on the results: “Our third-quarter pre-sales performance highlights the strong appeal of our product and brand.” He added that pre-sales for the…

Latest StoriesRegulatory

NGT Forms Committee to Investigate Tulsi Tower Pollution Complaints

BHOPAL: The National Green Tribunal (NGT) has formed a joint committee to investigate air and noise pollution concerns raised by the residents’ welfare society of Tulsi Tower in Shivaji Nagar, one of Bhopal’s popular apartment complexes. The residents claimed they have been living in a “virtual hell” since a Pune-based construction company began work on ‘Tulsi Green,’ the second phase of the project. The tribunal noted that there have been clear environmental violations by the Madhya Pradesh Housing & Infrastructure Development Board and its contractor, despite the project receiving Environmental Clearance (EC) on July 2, 2022. The judicial member, Sheo…

IndustryLatest Stories

Andhra Pradesh Cabinet OKs ₹4,451 Cr Loan Guarantee for PMAY

AMARAVATI: On Wednesday, the Andhra Pradesh Cabinet sanctioned a government guarantee to APTIDCO for a loan exceeding Rs 4,000 crore to construct housing units and related infrastructure under the Pradhan Mantri Awas Yojana (PMAY). Additionally, the Cabinet approved the enhancement of Piduguralla Government Medical College through a Public-Private Partnership (PPP) model. A press release stated, “The Cabinet has agreed to provide a government guarantee to Andhra Pradesh Township and Infrastructure Development Corporation for a loan of Rs 4,451 crore aimed at constructing housing units and associated infrastructure under PMAY.” Recognizing athlete Jyothi Yarraji’s achievements, the Cabinet also approved a grant…

Latest StoriesRegulatory

Surat Diamond and Real Estate Group Undergoes I-T Search

SURAT: The income tax department executed a significant search operation at various premises linked to a city-based diamond manufacturer and real estate developer. This group also manages educational institutions across the state and is currently under investigation for undisclosed earnings from their real estate activities. Searches were conducted at over 15 locations in Surat, Mumbai, Bengaluru, and New Delhi. Mumbai emerged as a critical area of investigation, especially concerning the younger owners and partners who have residences and offices there. Several individuals associated with the group are also being scrutinized, including a liaison worker with notable connections to high-ranking politicians…

IndustryLatest Stories

Aditya Birla Real Estate posts ₹75 crore Q3 FY26 loss

NEW DELHI: Aditya Birla Real Estate Ltd announced a consolidated net loss of Rs 75.31 crore for the quarter ending December. This marks an increase from the net loss of Rs 42.37 crore reported in the same period last year. The company’s total income decreased to Rs 90.33 crore during the October-December period of this fiscal year, down from Rs 208.64 crore in the corresponding period of the previous year, as per a regulatory filing. The board has approved the appointment of Keyur Shah as Chief Financial Officer (CFO), effective March 1, 2026. This change follows the retirement of Snehal…

Latest StoriesResidential

Lucknow body unveils 27-storey luxury project in Aishbagh

LUCKNOW: Following the announcement of Narmada Apartment in Gomtinagar, the Lucknow Development Authority (LDA) has authorized the construction of an additional 27-storey luxury apartment complex at Aishbagh, located on Mill Road. The new building will comprise 384 flats equipped with upscale amenities. Named Aishbagh Square, the project is designed with four towers, each standing 27 storeys tall, offering 3-BHK apartments with a study, measuring approximately 1,900 sqft. Prices will start at Rs 1.11 crore. The LDA Vice-Chairman, Prathamesh Kumar, has given the go-ahead for the project. Registration for the flats will be open from January 29 to February 28, exclusively…

IndustryLatest Stories

Uttar Pradesh Housing Panel Launches Phase Two of Rule Easing

LUCKNOW: On Tuesday, the UP housing department established a six-member committee, chaired by the housing secretary, to initiate the second phase of the compliance reduction and deregulation process. This committee will consist of vice-chairmen from Lucknow, Varanasi, and Ghaziabad, along with the state’s chief town planner and Awas Bandhu’s director. After securing the top position in the first phase of the deregulation initiative nationwide, the UP government has tasked key departments with identifying bottlenecks causing delays in processing applications from individuals and private entities. “We will assess all our services to enhance the working environment for all stakeholders. Our primary…

Latest StoriesResidential

No Affordable Housing Projects in 2 Years: Gurugram & Faridabad Buyers Priced Out

GURUGRAM: The dream of affordable housing is fading for homebuyers. What was once a hopeful promise is quickly becoming a distant mirage for many middle-class families in Gurgaon and Faridabad. For potential buyers, the situation is increasingly frustrating. “We’ve been waiting for affordable projects for years, but there are hardly any new launches. The available options are priced at Rs 2–3 crore, far beyond our budget,” lamented Rajesh Kumar Srivastava, a Sector 70 resident employed in the private sector. The state’s flagship housing policy has not produced new projects, even as property prices climb beyond reach. This policy aimed to…

IndustryLatest Stories

HDFC Capital, Curated Living set up ₹1,000 Crore rental platform

NEW DELHI: HDFC Capital Advisors, the real estate private equity branch of the HDFC Group, has partnered with Curated Living Solutions (CLS), led by Bhaskar Raju from the DivyaSree Group, to create a ₹1,000 crore rental housing platform. According to Vipul Roongta, CEO of HDFC Capital, “India’s urban rental housing market is at a pivotal moment, influenced by a youthful and mobile demographic. Rental housing plays a crucial role in enhancing mobility, particularly for students, young professionals, and migrant workers.” The platform will emphasize the development, ownership, and management of institutional-grade rental housing assets to address the increasing demand for…

InfrastructureLatest Stories

Noida Identifies 65 Unsafe Areas Following Techie’s Death

Representative AI image NOIDA: Following the tragic death of 27-year-old software engineer Yuvraj Mehta, who fell into a water-filled construction trench in Sector 150, the Noida Authority has launched a citywide initiative for road repairs and enhancements in traffic safety. They have pinpointed 65 high-risk areas lacking fundamental safety measures and will issue notices to developers to improve protective measures at construction sites to avert similar accidents. According to authorities, many identified locations are associated with private developers and lack crucial safety features, including barriers, warning signs, reflectors, and proper road layouts. A survey has categorized these areas as major…