Category: Latest Stories

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IndustryLatest Stories

Housing Minister Demands Action on Builders Delaying Projects

File Photo NEW DELHI: Housing and Urban Affairs Minister Manohar Lal Khattar has requested information on the number of real estate projects that have had their deadlines extended, as well as actions taken against developers with incomplete projects despite receiving three extensions. This request arises amid increasing concerns regarding builders’ failure to meet project completion commitments under RERA. According to the minutes from the latest Central Advisory Council (CAC) meeting—which included representatives from state RERAs, state governments, consumer bodies, and builders—Khattar’s request followed comments from Haryana RERA Chairperson Arun Kumar. Kumar noted that the project completion timeline is established by…

InfrastructureLatest Stories

Sand Shortage Halts Nagpur Metro Construction Across All Areas

File Photo NAGPUR: The construction of Nagpur Metro’s Phase II is facing a new challenge due to a critical shortage of naturally available sand. This has resulted in MahaMetro needing to partially suspend work across all four stretches, thereby slowing down overall progress. According to top MahaMetro sources, the supply of riverbed sand for ongoing projects is nearly depleted, with the remaining stock likely to last only a few days. “Sand supply has been erratic, and we have had to halt certain work portions mid-way due to this shortage,” stated a senior official from MahaMetro. Officials noted that the impact…

IndustryLatest Stories

Maharashtra Charity Chief Cancels Jain Trust Property Sale

PUNE: On Thursday, the Maharashtra charity commissioner ordered the cancellation of the sale of a prime property in Pune belonging to a Jain trust, following community protests over recent days. This decision was prompted by the construction firm Gokhale Landmarks LLP and the Seth Hirachand Nemchand Digambar Smarak Trust’s request to terminate the sale deed concerning the 3.5-acre property in Model Colony, which includes a boarding facility and a Jain Temple. The charity commissioner has revoked the April 2025 order that permitted the Seth Hirachand Nemchand Digambar Smarak Trust (SHNST) to enter into an agreement with Gokhale Landmarks. According to…

IndustryLatest Stories

DLF Q2 FY26 Net Profit Falls 14.56%

NEW DELHI: DLF has reported a 14.56% decrease in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹1,180.09 crore in Q2 FY26, down from ₹1,381.22 crore in the same quarter the previous fiscal year, as per a filing with the BSE. The company’s net consolidated total income for Q2 FY26 was ₹2,261.80 crore, marking a growth of 3.71% compared to ₹2,180.83 crore in the corresponding quarter last year. During the quarter, DLF Home Developers (DHDL), a wholly-owned subsidiary, redeemed 60,000 8.50% senior, secured, rated, listed, redeemable, guaranteed, Rupee-denominated non-convertible debentures (NCDs) worth…

IndustryLatest Stories

Lodha Developers’ Q2 FY26 net profit jumps 86.67%

NEW DELHI: Lodha Developers has announced an impressive 86.67% increase in its net consolidated profit for the quarter ending September 30, 2025. Their profit after tax reached ₹789.80 crore in Q2 FY26, compared to ₹423.10 crore in the same quarter last year, as stated in a filing to the BSE. The company’s total consolidated income for Q2 FY26 was ₹3,878.90 crore, marking a 44.49% rise from ₹2,684.60 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, MD & CEO of the company, expressed, “We are delighted to report our best-ever Q2 performance, achieving pre-sales of ₹45.7 billion,…

Latest StoriesResidential

DDA, IIT-Delhi to Investigate Dwarka Apartment Structural Issue

NEW DELHI: The Delhi Development Authority (DDA) is teaming up with IIT Delhi to investigate the Triveni Apartments in Dwarka. The inspections are set to commence on Thursday to determine the cause of a recent “explosion-like” sound reported in the building, officials stated. The DDA confirmed, “In a prompt effort to identify the cause of the incident, IIT Delhi has been contracted and the consultancy fee for the inspection has been settled. They are expected to arrive soon.” Residents of the Dwarka Sector 16-B apartment complex voiced their concerns regarding the lack of immediate remedial actions after hearing the “explosion-like”…

Latest StoriesResidential

Shriram Properties and Partner to Develop 0.7M Sq Ft in Pune

Sure! Here’s a rewritten version of your content: Representative Image NEW DELHI: Shriram Properties (SPL) has entered a joint development agreement for a residential project spanning 0.7 million sq ft in Hinjewadi, Pune. According to Akshay Murali, Vice President of Business Development at Shriram Properties, “Pune continues to demonstrate strong demand fueled by its robust IT and industrial sectors. We are thrilled to expand our footprint in Pune.” The project will feature 6.5 lakh sq ft of residential apartments, along with retail and commercial spaces, resulting in a total saleable area exceeding seven lakh sq ft. It has an estimated…

IndustryLatest Stories

Kerala Eases Building Rules for Simpler Permit Process

THIRUVANANTHAPURAM: The government has launched major amendments to the state’s building regulations to streamline the approval process, enhance transparency, and expedite construction permits. Local self-government and excise minister M B Rajesh announced these changes on Wednesday, stating that they were informed by feedback from district-level adalats and consultations with experts, town planners, and industry representatives. The most significant reform is the expansion of the self-certified permit category. Residential buildings up to 300 sq m are now eligible for instant approval without height restrictions, allowing almost 80% of homes to receive permits automatically when applications are submitted online. For commercial buildings,…

IndustryLatest Stories

Dharavi Redevelopment: SRA Named Planning Authority for Salt Pan Land

Representative image MUMBAI: The Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority (SRA) have been designated as the special planning authority for the 42.51-acre Jamasp Salt Pan land located in Mulund East. According to a notification released on October 27 by the state urban development department, the SRA has been assigned this authority over the Dharavi area and the adjacent railway land included in the rehabilitation initiative. Additionally, it has authority over the 8.5-hectare Kurla Dairy site. The Mulund salt pan is part of the 256 acres the Centre has approved to be transferred for the Dharavi redevelopment project,…

IndustryLatest Stories

Panel to Review Delhi’s Settlements and Land Use Plans

Representative image Delhi’s land challenges, including contentious topics like the regularisation of unauthorised colonies and the implementation of a land pooling policy, are now under scrutiny by a parliamentary committee. The 31-member standing committee on housing and urban affairs is set to delve into three significant urban development and land matters concerning Delhi. Recently reconstituted, the panel has identified 23 issues for examination. Currently, the committee is assessing the implementation of prominent missions under the housing and urban affairs ministry. Among the 23 issues, three directly address Delhi’s land concerns, including the regularisation of unauthorised colonies, the status of the…