Category: Latest Stories

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Housing FinanceLatest Stories

Roha Group Secures ₹400 Crore from Private Credit Investors

Roha Housing Finance, a subsidiary of Roha Group, has successfully raised ₹400 crore from alternative credit investors via a structured private credit transaction involving a promoter-owned vehicle. Key participants included ICICI Prudential Corporate Credit Opportunities Fund, Nippon India Credit Opportunities Fund, and ASK Alternate Private Credit Fund. The capital will be utilized to bolster Roha Housing Finance, increasing its assets under management from approximately ₹1,250 crore to around ₹5,000 crore in the coming years, as per sources. The funds are being raised through Compulsory Convertible Debentures (CCDs) and Compulsory Convertible Preference Shares (CCPS), which serve to strengthen capital at the…

IndustryLatest Stories

Housing Revolution Needed: Niranjan Hiranandani, Naredco

NEW DELHI: The National Real Estate Development Council (Naredco) has pointed out a significant tax imbalance between corporations and individual taxpayers, urging the government to adjust income tax rates. The organization claims that individuals and partnerships engaged in business face substantially higher taxes compared to companies. Niranjan Hiranandani, chairman of Naredco, emphasized that while corporations generally pay an effective tax rate around 25%, individuals in similar business roles may pay up to 40%, including surcharges and cesses. “If a company is taxed at 25%, why should an individual or partnership in the same field face a 40% tax?” he questioned,…

InfrastructureLatest Stories

Haryana Fast-Tracks Metro Project with Direct Land Purchases

GURUGRAM: To expedite the long-awaited Millennium City Centre-Cyber City Metro corridor, the Haryana government has introduced a policy permitting GMRL to acquire private land through negotiated settlements. They will also maintain the option for compulsory acquisition if landowners do not cooperate. Although most of the 29.05 km corridor runs through government-owned land, certain sections—including those near existing buildings, properties needing demolition, and a depot primarily on public land—require the acquisition of small but essential private parcels. A GMRL official remarked, “Even minor delays in securing these areas could impact the project’s overall completion timeline.” Announced by the town and country…

IndustryLatest Stories

TVS Emerald Secures ₹425 Crore from IFC for Housing Projects

NEW DELHI: Realty company TVS Emerald has secured Rs 425 crore in equity funding from the International Finance Corporation (IFC) to finance new housing developments. Part of the TVS Group, TVS Emerald announced on Thursday that these funds will assist in the development of two upcoming residential projects, set to launch in the next fiscal year in Chennai and Bengaluru, along with additional projects in the pipeline. The company will allocate Rs 136 crore for the Chennai project and Rs 103 crore for the Bengaluru project. The remaining funds will support further residential ventures over the next two years. The…

InfrastructureLatest Stories

Bengaluru body recovers ₹700 crore in encroached land through 14 demolitions

BENGALURU: The Bangalore Development Authority (BDA) undertook 14 demolition drives from July to December last year, reclaiming encroached properties valued at over ₹704.3 crore throughout the city. These efforts led to the recovery of over 25 acres of encroached land across various regions, including South, North, and East Bengaluru. The BDA demolished unauthorized RCC buildings, sheds, compound walls, and industrial structures that had been illegally erected on lands designated for layouts, roads, and infrastructure projects. The most significant recoveries occurred in JP Nagar 9th Phase, where approximately 12.5 acres, valued at around ₹370 crore, were reclaimed in three phases. Notable…

IndustryLatest Stories

RMZ Plans $30 Billion Investment in Mumbai Region Over 10 Years

NEW DELHI: RMZ has announced an investment collaboration with the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra (CIDCO) at the World Economic Forum (WEF) in Davos. The company aims to mobilize investments totaling up to USD 30 billion in the Mumbai Metropolitan Region (MMR) over the next decade, potentially creating around three lakh direct and indirect jobs throughout the project lifecycle. RMZ will lead the investment structuring and capital mobilization efforts, along with master planning, development, and long-term asset management. MMRDA will assist in land identification and aggregation. Additionally, the company plans…

Latest StoriesRegulatory

SC: No tolerance for Unitech project order non-compliance

NEW DELHI: The Supreme Court stated on Thursday that it will take a stringent stance against any state authorities that fail to comply with its orders regarding the real estate group Unitech Ltd. The court cautioned against any impediments to the completion of stalled housing projects. A bench comprising Justices J B Pardiwala and K V Viswanathan established a priority schedule for addressing issues related to Unitech and mandated that state development authorities—such as the Noida Authority, Greater Noida Authority, and Haryana’s Town and Country Planning Department—must grant all necessary approvals. The bench indicated, “We will seriously consider any non-compliance…

IndustryLatest Stories

DLF Q3 FY26 Net Profit Rises 13.66%

NEW DELHI: DLF has announced a 13.66% increase in net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹1,203.36 crore for Q3 FY26, compared to ₹1,058.73 crore in the same quarter last fiscal year, as reported in a BSE filing. The company’s net consolidated total income was ₹2,479.54 crore in Q3 FY26, reflecting a 42.71% growth from ₹1,737.47 crore recorded in the same quarter last year. Gross collections for the quarter amounted to ₹5,100 crore, with cumulative net collections for the nine-month period at ₹10,216 crore, indicating a year-on-year growth of 21%. The company…

CommercialLatest Stories

ASF Insignia secures ₹1,250 crore from Alpha Alternatives

NEW DELHI: ASF Insignia has secured an equity and quasi-equity investment commitment of around ₹1,250 crore from Alpha Alternatives, based in Mumbai. This investment will be utilized for an integrated commercial IT office project covering approximately 4.5 million sq ft, located in Vatsal Valley, Gurugram. The funds will be released in phases, with the first tranche of about ₹450 crore already received. The capital will be directed towards enhancing the capital structure of ASF entities through debt reduction and property refinements. Published On Jan 22, 2026 at 08:27 PM IST Join the community of over 2 million industry professionals. Subscribe…

InfrastructureLatest Stories

Bihar CM Sets January 31 Deadline for Land Survey

PATNA: On Tuesday, Chief Minister Nitish Kumar announced that all pending land measurement applications will be addressed by January 31 through a special initiative. This effort aims to minimize delays, enhance transparency, and mitigate land disputes across the state. In a social media update, the Chief Minister stated these reforms will greatly benefit residents by creating a more transparent and efficient land measurement process. “People often face long wait times after applying for land measurement, which can lead to unnecessary hardships and disputes,” the CM mentioned in his post. He emphasized that all pending applications would be resolved by January…