Category: Latest Stories

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IndustryLatest Stories

Shapoorji Pallonji to raise ₹22,000 crore to cut debt in 2026

MUMBAI: The Shapoorji Pallonji (SP) Group plans to raise $2.5 billion (approximately ₹22,000 crore) in the first quarter of the next calendar year to retire expensive existing debt. The infrastructure conglomerate has begun discussions with current investors to determine whether they prefer repayment now or at the scheduled maturity in April. The fundraising goal aims to eliminate $1.7 billion (₹15,000 crore) of existing high-cost debt and is seen by analysts as the second phase of a capital restructuring for the group entity, Goswami Infratech. “Refinancing is step two, which is the Q1 event,” said an insider. “Step one involved the…

IndustryLatest Stories

Pune: Trust May Cancel Model Colony Deal, Status Quo Until Oct 30

PUNE: Just two days after Vishal Gokhale from Gokhale Landmarks LLP announced plans to withdraw from the contentious land agreement concerning the 3.5-acre property of the Seth Hirachand Nemchand Digambar Jain Boarding Trust, the trustees informed the charity commissioner on Tuesday that they also intend to cancel the deal. In an application submitted to charity commissioner Amogh Kaloti through their attorney Ishan Kolhatkar, the trustees noted that a board meeting had been called on October 27, following Gokhale’s email requesting the cancellation deed. They unanimously agreed to accept the developer’s proposal, emphasizing the importance of community harmony, transparency, public trust,…

Latest StoriesResidential

10,000 Noida Flats in Registry Haze Amid Unpaid Dues by Builders

NOIDA: Twenty-two real estate projects in the city owe Noida Authority approximately ₹5,560 crore in dues, leaving around 9,750 owners uncertain about when their flats can be registered. The Noida Authority has issued notices, frozen registries, and initiated recovery actions, including recovery certificates in collaboration with the district administration. According to the state’s rehabilitation policy, dues could have been reduced to ₹4,260 crore if developers had paid the mandatory 25% upfront. The defaulting builders include those who partially paid after accepting the settlement, those who accepted the policy but paid nothing, and those who have not accepted it at all.…

IndustryLatest Stories

Aditya Birla Real Estate Q2 FY26 Net Loss Reaches ₹73.10 Crore

NEW DELHI: Aditya Birla Real Estate (previously Century Textiles and Industries) has reported a net consolidated loss after tax of ₹73.10 crore for the quarter ending September 30, 2025. This compares to a net loss after tax of ₹1.28 crore recorded in the same quarter last year, according to a filing with BSE. The company’s net consolidated total income was ₹113.23 crore, down from ₹275.82 crore reported in the same quarter last year. As of September 30, 2025, the net worth stood at ₹3,797.24 crore, with a debt-equity ratio of 1.45, a current liability ratio of 0.69, total debts to…

Latest StoriesResidential

Uttar Pradesh Housing Board Offers 4,200 Homes in Lucknow

LUCKNOW: Individuals and families looking to purchase residential units in apartment blocks and developments established by housing authorities can now do so without the hassle of making multiple trips to local government offices. The housing department has directed 29 housing development authorities, along with the UP Housing Board, to compile a centralized list of available properties. The list will be accessible on the portals managed by individual authorities (including Lucknow, Kanpur, Varanasi) and the housing department’s portal. To encourage potential buyers, relevant government agencies are required to upload recent photographs of the available units along with their geo-coordinates (Google Map).…

IndustryLatest Stories

Panvel to Inspect Fire Safety in Buildings and Establishments

NAVI MUMBAI: The fire brigade unit of the Panvel City Municipal Corporation (PCMC) is taking proactive measures to ensure compliance with fire No Objection Certificates (NOC) among schools, hotels, hospitals, and buildings. Chief Fire Officer Pravin Bodkhe has requested the cooperation of these establishments following recent fire incidents in Kharghar and Kamothe. Fire brigade personnel will conduct on-site inspections using a standardized format. Two teams assigned to each node will complete this task across six areas—Panvel, New Panvel, Kamothe, Kalamboli, Rodpali, and Taloja—within the next six months. This initiative aims to update fire safety records for all establishments within the…

Latest StoriesResidential

E-Khata Now Required for A-Khata in Bengaluru

BENGALURU: Property owners with B-khata are looking to convert their holdings to A-khata under a government initiative set to launch on November 1. The first step for them is to acquire an e-khata before proceeding with the conversion. Under this initiative, B-khata plots up to 21,527 sq ft along public roads qualify for A-khata conversion. However, the new digital requirement has left many residents feeling frustrated as it adds another layer of bureaucracy to an already lengthy process. Property owners must also pay a 5% fee based on the property’s guidance value, in addition to other charges for land mutation…

IndustryLatest Stories

Raymond Realty Q2 FY26 Income Reaches ₹706 Crore

NEW DELHI: Raymond Realty has reported a total income of ₹706 crore in Q2 FY26, marking a 20% year-on-year increase from ₹589 crore in Q2 FY25. The company’s EBITDA rose to ₹101 crore in Q2 FY26, compared to ₹95 crore in the same quarter last year, with an EBITDA margin of 14.3% in Q2 FY26, down from 16.2% in Q2 FY25. According to Harmohan Sahni, managing director, “We are on track with our strategic plan for the latter half of the year, expecting increased operational activity supported by a new pipeline of project launches.” The current potential revenue from its…

IndustryLatest Stories

YEIDA to Acquire 94 Acres for Apparel Park

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to acquire an additional 94 acres for the Apparel Park project located in Sector 29. Of the planned 175 acres, 81 acres have already been allocated, with construction in progress at various sites. This acquisition aims to attract more investors and enhance apparel manufacturing in the region, fostering industrial activity and job creation. Officials assert that the added land will address land-related challenges and provide ample space for shared infrastructure. “The procurement process for the remaining 94 acres has commenced. This will bolster the region’s apparel ecosystem and…

Latest StoriesRegulatory

Telangana HC Overturns Trial Court Ruling in Realty Land Dispute

HYDERABAD: The Telangana High Court has recently approved a revision petition by a local realty firm, overturning a trial court’s decision that denied the dismissal of a civil suit against the firm. Justice Laxmi Narayana Alishetty remarked that the “plaintiffs have cleverly drafted the plaint, creating a false impression of a cause of action, which is not permissible in law and must be dismissed at the outset, especially since their case was barred by limitation.” The legal dispute involves approximately 30 acres of land in Ibrahimpatnam, Rangareddy district, initially owned by Mohammed Gouse Ali Khan. The plaintiffs, his descendants, sought…