Category: Latest Stories

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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…

Latest StoriesRegulatory

Rajasthan’s new rules limit business in residential areas

JAIPUR: The Urban Development and Housing (UDH) department has announced a ban on specific commercial activities in residential areas throughout the state, effective immediately. Activities such as warehousing, storage of all types of goods (flammable and non-flammable), wholesale markets, weighbridges, and oil or gas depots are now prohibited in residential zones. Previously, these businesses could operate with special permits. The new regulations are designed to eliminate these allowances, aiming for greater clarity in urban land use across Rajasthan. These changes impact various land use categories, including residential, commercial, industrial, public and semi-public, recreational areas, transport hubs, tourism zones, peripheral control…

Latest StoriesResidential

Industrialist Acquires Four Gurugram Apartments for ₹380 Crore

NEW DELHI: In one of the most expensive residential transactions in India, an industrialist has purchased four luxury apartments in Gurugram for nearly Rs 380 crore, according to sources familiar with the matter. The buyer, based in NCR, was originally seeking a farmhouse or bungalow in Lutyens’ Delhi, with a budget of Rs 350-400 crore, but ultimately chose the luxury apartment option. “We guided a well-known Indian business family in completing a consolidated acquisition of Rs 380 crore in this premium project in Gurugram,” stated Kshitij Jain, Founder of Rizin Advisory Pvt. Ltd., while keeping the buyer’s identity confidential. The…

InfrastructureLatest Stories

BMC Teams Verify Compliance at Mumbai Construction Sites

MUMBAI: In response to criticism regarding late warnings to construction sites that failed to install AQI monitors, the BMC stated it has mobilized ward-level squads to monitor compliance with 28-point guidelines. Civic officials mentioned that show cause and stop work notices are being issued to non-compliant construction sites. “In September alone, we issued 314 notices, comprising 275 show cause notices and 39 stop work notices, to construction sites citywide. This process is ongoing, with squads regularly visiting to ensure guidelines are being followed. Additionally, notices are being issued to sites that have yet to install AQI monitors,” remarked a civic…

IndustryLatest Stories

Aditya Birla Sun Life AMC to raise ₹1,500 crore via Realty Fund

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, intends to raise over ₹1,500 crore, including a greenshoe option, through a Category II alternative investment fund focused on senior secured lending for real estate projects in major Indian cities. The fund, named Aditya Birla Real Estate Credit Opportunities Fund-Series II (ABRECOF-II), will primarily invest in post-approval, brownfield projects developed by established real estate firms in tier-1 markets like Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, and Chennai. The investment strategy will mirror that of its predecessor, Aditya Birla Real Estate Credit Opportunities Fund (ABRECOF), which has invested over ₹1,427 crore to…