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Latest StoriesResidential

Uttar Pradesh Grants Noida Authority Extra FAR for Sector 107

NOIDA: The Uttar Pradesh government has rejected a revision petition contesting the Noida Authority’s decision to grant an additional floor area ratio (FAR) to a project developer in Sector 107. The petition was filed by the Great Value Sharanam Apartment Owners Association (AOA) against Great Value Projects India Ltd. In an order dated October 27, Additional Chief Secretary Alok Kumar from the Industrial Development Department ruled that the application under the UP Apartment (Promotion of Construction, Ownership & Maintenance) Act was not appropriate, noting that the contested orders were issued under the UP Industrial Area Development Act. The AOA sought…

Housing FinanceLatest Stories

LIC Housing Finance Q2 FY26 Net Profit Rises 1.63%

NEW DELHI: LIC Housing Finance has shown a slight increase of 1.63% in its consolidated net profit for the quarter ending September 30, 2025. The profit after tax reached ₹1,349.37 crore in Q2 FY26, compared to ₹1,327.79 crore from the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for the company amounted to ₹7,179.77 crore in Q2 FY26, marking a growth of 3.48% from ₹6,938.31 crore reported during the same period last year. Tribhuwan Adhikari, the Managing Director & CEO, stated, “Our Q2 FY2026 results reflect ongoing momentum in the housing…

Latest StoriesRegulatory

Telangana HC Demands Police Response on Bhoodan Land Alert

HYDERABAD: The Telangana High Court directed the state counsel to gather information from the Maheswaram police concerning a communication from the Enforcement Directorate (ED) about alleged irregularities related to the transfer of Bhoodan and restricted lands in Nagaram village, Maheswaram. The ED, which initiated an investigation into the alleged land fraud, informed the police in February 2024 that its preliminary inquiry indicated document fabrication, forgery, and manipulation of revenue records, possibly involving government officials. The agency recommended that the deputy commissioner of police (Maheswaram zone) take further action, as reported by petitioner Dastagir Shareef in court. Shareef claimed that no…

Latest StoriesRegulatory

NCLAT Bars Raheja Developers from Creating Third-Party Rights

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) in Delhi has prohibited Raheja Developers from selling units or land, thus preventing the creation of third-party rights. “With insolvency proceedings underway, it is clear that the management of the corporate debtor must not create any third-party rights in its immovable properties,” stated the NCLAT in its ruling. Earlier, homebuyers expressed concerns over the company’s assets being sold without guidance from the Interim Resolution Professional (IRP). The company’s advocates contended that such sales are necessary for maintaining the company’s operations and should include the unsold inventory. “It is our…

IndustryLatest Stories

Brigade Enterprises Q2 FY26 Net Profit Surges 47.97%

NEW DELHI: Brigade Enterprises has announced a significant increase in its net consolidated profit, rising by 47.97% for the quarter ending September 30, 2025. The company’s profit after tax for Q2 FY26 reached ₹170.28 crore, compared to ₹115.08 crore in the same period last year, according to a filing with the BSE. The total consolidated income stood at ₹1,429.86 crore, marking a 25.63% increase from ₹1,138.13 crore in the same quarter last year. In Q2 FY26, net bookings in the real estate sector were 1.90 million sq ft, with a sales value of ₹2,034 crore. Collections for the quarter amounted…

Latest StoriesResidential

Arvind SmartSpaces Teams Up for Vadodara Residential Project

NEW DELHI: Arvind SmartSpaces (ASL) has launched a joint development project in the Vadodara residential market on Ajwa Road. The project is expected to achieve a potential revenue exceeding ₹700 crore. According to Priyansh Kapoor, CEO and whole-time director of the company, “This initiative aligns with our strategy to expand into high-potential markets and solidify our footprint in the state. We aim to introduce new projects in Gujarat, Bengaluru, and MMR throughout the year.” Published On Oct 29, 2025 at 06:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights…

InfrastructureLatest Stories

HYDRAA Removes Encroachments in Hastinapuram & Chandanagar

HYDERABAD: On Tuesday, the Hyderabad Disaster Management and Asset Protection Agency (HYDRAA) addressed public grievances by clearing encroachments on government and community land across various city locations via the Prajavani platform. In Hastinapuram North Extension Colony, Karmanghat village of Saroornagar mandal, members of the community reported that a 1.27-acre park, designated in the official layout, was being illegally sold as individual plots. “We acted on the complaints, inspected the area, and confirmed the encroachment of park land. The encroachments were removed, and fencing was installed to secure the property. Additionally, boards were placed to indicate that the land belongs to…

Latest StoriesResidential

30,000 Homes Built for Nagaland under PMAY-Urban Program

DIMAPUR: The Pradhan Mantri Awas Yojana-Urban (PMAY-U) has successfully provided nearly 30,000 houses across Nagaland, achieving an impressive completion rate of about 96%, one of the highest in the northeast, as stated by Temjenrenla Kechu, the state mission director for PMAY-U. During the keynote address at the second PM Awas Mela-Shehri under the Angikaar 2025 campaign held at the Chumoukedima Town Council hall, Kechu discussed the accomplishments of the scheme and presented new initiatives under PMAY-U 2.0. Since its inception in 2016, PMAY-U has made substantial progress in Nagaland, marking nine years of implementation. Beneficiaries from the first phase received…

IndustryLatest Stories

India’s Real Estate Sees $1.76B Institutional Investment in Q3 2025

NEW DELHI: The Indian real estate sector attracted institutional investments totaling USD 1.76 billion in Q3 2025, marking the highest quarterly influx for any Q3 in the last four years, as stated in a Vestian report. While there was a slight decline of 2% in investments from the previous quarter, this represents an impressive 83% increase from the same time last year. The commercial sector continued to lead, accounting for 79% of the total investments, exceeding its previous records of 61% and 71% in the last quarter and the same quarter last year, respectively. In terms of value, investments in…

IndustryLatest Stories

Andhra Pradesh Extends Layout Regularization Deadline by 3 Months

Here’s a rewritten version of the content provided: Representative AI image VIJAYAWADA: In light of inadequate public response, the state government has opted to extend the deadline for the Layout Regularisation Scheme (LRS) by an additional three months. Initially announced in July, the scheme was set to conclude on October 31. With the new deadline, applications for the regularisation of plans can now be submitted until January 23, 2026. Sources indicate that the extension was prompted by a lack of interest from layout developers and plot owners. “The state government has decided to prolong the submission period for applications under…