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Latest StoriesRegulatory

SC Calls Rajasthan Housing Board Land Encroachment ‘Absolute Scam’

NEW DELHI: The Supreme Court labeled the encroachments on lands acquired for the Rajasthan Housing Board as an “absolute rank scam,” with allegations of collusion at all levels. Justices Vikram Nath and Sandeep Mehta noted that multiple Rajasthan High Court rulings had established that authorities cannot regularize these illegal constructions. “Several benches have attempted to ensure the land is reclaimed, but the influential individuals behind this scam prevent it,” stated Justice Mehta. This commentary came during a hearing on a plea from the Rajasthan government, which was contesting an August 20 high court order. The high court had suspended a…

Latest StoriesRegulatory

Bombay HC Issues Contempt Notice to Doctor Over SRA Tenement Lies

MUMBAI: The Bombay High Court has issued a show-cause notice for contempt of court to a doctor accused of hiding information while applying for a rehabilitation tenement in a Santacruz (W) slum redevelopment project. “Such conduct amounts to abuse of process and, if left unchecked, would undermine the court’s responsibility to ensure justice,” stated Justices Ajey Gadkari and Kamal Khata on Thursday, rejecting Mumtaz Khoja’s review petition and imposing a cost of Rs 5 lakh. Additionally, they instructed the BMC and SRA to investigate how a trust led by Khoja was allowed to operate a school with 150 students in…

IndustryLatest Stories

Ahmedabad’s Major Land Deal Nets ₹31 Crore Stamp Duty

AHMEDABAD: A landmark land transaction in the city has resulted in the highest stamp duty from a single sale deed to date. A 66,168 sq m plot in Chandkheda has been sold to LuLu International Shopping Malls Pvt Ltd for Rs 519.41 crore, generating Rs 31 crore in stamp duty revenue for the government. The deed was finalized on Friday at the Sabarmati sub-registrar’s office within the Ahmedabad district collector’s office. According to sources at the sub-registrar’s office, this is the largest land sale registered in Ahmedabad, thus marking a significant increase in stamp duty revenue. Officials from the state…

Latest StoriesResidential

Sonu Sood and son purchase ₹1.05 crore land in Panvel

NEW DELHI: Sonu Sood, along with his son Eshaan, has acquired a plot of land in Shirdon, Panvel Taluka, valued at ₹1.05 crore. The land spans a total area of 0.0650 hectares (777 sq yards). This transaction involved a stamp duty of ₹6.3 lakh and registration fees of ₹30,000. Registered in October 2025, the deal further highlights the family’s real estate investments. In a separate deal recorded in August 2025, Eshaan purchased an apartment in Andheri West, Mumbai, for ₹2.6 crore, as per property registration documents from the Inspector General of Registration (IGR), analyzed by Square Yards. The apartment features…

Latest StoriesResidential

DDA Opens Registrations for 48-Storey East Delhi High Rise

Representative image NEW DELHI: The Delhi Development Authority (DDA) announced on Friday the opening of registration for flats in its under-construction project, “DDA Towering Heights,” located in Karkardooma. The registration period will run from October 31 to November 21. In the initial phase, the DDA is offering a total of 1,026 premium two-bedroom-hall-kitchen (BHK) apartments, with base reserve prices between Rs 1.78 crore and Rs 3.09 crore. The flats range from 142 sqm to 250 sqm in plinth area. “Spanning 30 hectares, the East Delhi Hub is being designed as a high-quality mixed-use urban center, integrating residential, commercial, and civic…

IndustryLatest Stories

UT Chief Secretary Reviews Chandigarh Housing Board Operations

Representative AI image CHANDIGARH: H Rajesh Prasad, the UT Chief Secretary, led an extensive review meeting of the Chandigarh Housing Board (CHB) on Friday. The agenda aimed to boost innovation, enhance operational efficiency, and increase accountability within the organization. A comprehensive presentation covered staff strength, recovery of outstanding dues, and other operational aspects of CHB. Highlighting CHB’s crucial role in providing housing for Chandigarh residents, the Chief Secretary urged the Board to develop a detailed plan showcasing its contribution to the city’s progress. He also emphasized the need for innovative housing schemes that align with urban development goals. In light…

InfrastructureLatest Stories

Rajasthan to Consider Land Conversion Near Jawai Leopard Reserve

JAIPUR: The Rajasthan government is considering the option of allowing land conversion within the one-kilometre Eco-Sensitive Zone (ESZ) surrounding the Jawai Bandh leopard conservation area, which is unique in India for its population of cave-dwelling leopards. The Chief Minister’s Office has requested details from the Pali district collector about land ownership within the ESZ. According to a letter obtained by TOI, the request states: “Please provide urgent information on the Jawai National Park, specifically regarding how much land within 300-500 metres and 500 metres to 1 km of Jawai is government/forest land versus private land.” A senior official, speaking on…

IndustryLatest Stories

Sobha Q2 FY26 Net Profit at ₹72.52 Crore

NEW DELHI: Sobha has reported a net consolidated profit after tax of ₹72.52 crore for the quarter ending September 30, 2025. This marks an increase from the profit after tax of ₹26.08 crore recorded in the same quarter of the previous fiscal year, as stated in the company’s BSE filing. The company’s net consolidated income reached ₹1,469.32 crore, reflecting a growth of 52.22% from ₹965.29 crore in the equivalent quarter last year. “With a strong pipeline of 16.69 million sq ft of future launches planned over the next six quarters, a robust balance sheet, and stable demand, we are well-positioned…

IndustryLatest Stories

Sunteck Realty Q2 FY26 Profit Soars 41% to ₹48.96 Crore

NEW DELHI: Sunteck Realty Ltd announced on Thursday that its consolidated net profit surged by 41% to Rs 48.96 crore for the second quarter of this fiscal year, driven by increased income. In the same quarter last year, the company’s net profit was recorded at Rs 34.62 crore. For the July-September quarter, total income climbed to Rs 262.16 crore, up from Rs 182.06 crore during the same period the previous year, as reported in a regulatory filing. Sunteck Realty is recognized as one of the premier developers in the nation. Published On Oct 17, 2025 at 10:26 AM IST Join…

IndustryLatest Stories

Kalpataru’s Q2 FY26 Sales Bookings Rise 19% to ₹1,329 Crore

NEW DELHI: Realty company Kalpataru Ltd announced a 19% increase in sales bookings, reaching Rs 1,329 crore in the second quarter of this fiscal year, driven by strong housing demand. The sales bookings, or pre-sales, were Rs 1,117 crore during the same period last year. In its regulatory filing, Kalpataru Ltd reported a 43% rise in sales bookings, totaling Rs 2,577 crore in the first half of this fiscal compared to Rs 1,799 crore during the corresponding period of the previous year. Based in Mumbai, Kalpataru Ltd is recognized as one of the leading real estate developers in the country.…