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IndustryLatest Stories

Arkade Developers Q2 FY26 Profit Rises 6% to ₹45.8 Crore

NEW DELHI: Arkade Developers Ltd has reported a 6% increase in consolidated net profit, reaching ₹45.80 crore for the quarter ending in September, driven by higher revenue. In the same quarter last year, the net profit was ₹43.36 crore. Total income rose to ₹264.82 crore in the July-September quarter of this fiscal year, up from ₹203.33 crore during the same period last year, according to a regulatory filing. Mumbai-based Arkade Developers has successfully delivered over 5.5 million square feet of property, with another 2 million square feet currently under construction. Published On Oct 17, 2025 at 10:31 AM IST Join…

IndustryLatest Stories

M3M India to Invest ₹2,100 Crore in Noida’s Jacob & Co. Residences

NEW DELHI: M3M India has announced a ₹2,100 crore investment to develop the Jacob & Co. Residences in Noida. The project will be situated on six acres in Noida’s central business district and is expected to generate a topline of around ₹3,500 crore. This development marks the entry of the Jacob & Co. branded residential concept into India. The company aims to complete the project within three years. The development will be implemented in two phases: the first phase will feature 150 branded residences, while the second phase will include approximately 100 ultra-luxury serviced residences. Apartments will be available in…

CommercialLatest Stories

BHIVE Workspace Leases 100K+ Sq Ft in Bellandur

Representative image NEW DELHI: BHIVE Workspace, a provider of co-working and managed office spaces, has leased over 100,000 square feet for a new center at Sattva Premia, Bellandur, Bengaluru. Shesh Rao Paplikar, founder & CEO of the company, stated, “The new Grade A center strengthens our position in Bengaluru’s business corridor and enhances accessibility and connectivity via HSR and the upcoming Blue Line metro.” The center, which has been leased from Sattva, can accommodate more than 2,000 seats and is designed to meet the rising demand from corporates, enterprises, and Global Capability Centers. Published On Oct 16, 2025 at 04:00…

IndustryLatest Stories

Technical Team Evaluates Maradu Flats Site

Sure! Here’s a rewritten version of your content: File Photo KOCHI: In line with the Supreme Court’s ruling on the Maradu flat demolition, a team of technical experts from the Kerala Coastal Zone Management Authority (KCZMA) conducted a thorough inspection of the site on Thursday. They assessed the condition of the areas where the demolished apartments were located, alongside adjacent regions. The expert team comprised KCZMA personnel, district urban planning officials, and Maradu municipality engineers. Their objective was to evaluate potential violations of the Coastal Regulation Zone (CRZ), examine the status of nearby water bodies, and review land restoration efforts.…

Latest StoriesRera

MahaRERA Registers 200 Projects in One Day, 809 in Two Weeks

In a significant initiative to expedite project approvals across Maharashtra, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has authorized an unprecedented 200 housing projects in a single day on the eve of Dussehra, totaling 809 applications approved over the last two weeks amidst heightened activity during the festive season. These approvals include new registrations, timeline extensions, and amendments to existing projects, ensuring compliance with technical, legal, and financial standards. The regulator emphasizes that these approvals are part of broader efforts to uphold regulatory integrity while facilitating timely housing project execution throughout the state. The importance of these approvals is underscored…

Latest StoriesRegulatory

Madras HC: Sub-registrars Can Reject House Site Registrations

CHENNAI: The Madras High Court has clarified that sub-registrars have the authority to deny the registration of a plot as a house site without prior approval from planning authorities, as stipulated under the Registration Act. This clarification came from a division bench comprising Justices S M Subramaniam and Mohammed Shaffiq while ruling on an appeal filed by the sub-registrar of Salem West. The appeal challenged a single judge’s order dated July 1, 2024, which reversed a decision to deny registration of a plot. The case originated from a plea by D Rajamanickam, who contested the sub-registrar’s refusal to register a…

IndustryLatest Stories

Hiranandani Acquires Land in Andheri, Mumbai

Representative image Realty developer House of Hiranandani has secured an acre of land in Mumbai’s Andheri East as part of its strategy to enhance its commercial real estate presence in the city’s evolving office market. The company plans to invest over Rs 500 crore in developing a premium commercial tower on this site. The project is projected to offer around 400,000 sq ft of leasable space, with construction set to commence within three to six months, pending regulatory approvals. This development aims to meet the increasing demand for Grade A office spaces in Mumbai’s western suburbs, fueled by strong occupier…

Latest StoriesResidential

Deputy CM Pays ₹17.7 Crore Unpaid Rent to 883 Magathane Families

MUMBAI: In the lead-up to the BMC elections, Deputy Chief Minister Eknath Shinde has transferred approximately ₹17.7 crore in overdue rents to 883 families involved in a Slum Rehabilitation Authority (SRA) project in Magathane on Tuesday. The redevelopment project for the Devipada Cooperative Housing Society, which spans 30,287 sq m of Mhada land, has faced delays, accumulating approximately ₹46 crore in overdue rents owed to the affected slum dwellers, as reported by SRA officials. Earlier this month, when the builder remitted ₹17.7 crore to the SRA, Shinde, also serving as the state housing minister, allocated the entire sum to eligible…

Latest StoriesResidential

Tamil Nadu Eases Parking Rules for Large Homes; FSI Increase Ahead

Representative image CHENNAI: If you’re planning to construct a new home, you’ll now need less space for parking thanks to the recent amendment to the Tamil Nadu Combined Development and Building Rules, 2019. This update reduces parking requirements for new large residential buildings. The amendment, issued on October 10, mandates that homes on plots of 3,200 square feet (300 square meters) or larger must allocate parking space for at least four cars and four two-wheelers. This policy applies to all residential building approvals within corporations, municipalities, and town panchayats. For smaller plots, the previous regulations remain in effect—requiring space for…

Latest StoriesResidential

Telangana deposits ₹2,223 crore to Indiramma scheme beneficiaries

HYDERABAD: VP Gautam, managing director of the Telangana Housing Corporation, announced that the state government has deposited ₹2,223 crore this year into the bank accounts of beneficiaries under the Indiramma housing scheme. “Funds are transferred directly to each beneficiary’s account every Monday, based on construction progress for each house. This week alone, ₹252 crore was credited to 22,305 accounts, marking the largest weekly disbursement since the scheme’s launch,” Gautam stated. With this latest transfer, total funds allocated under the Indiramma Indlu scheme have reached ₹2,233 crore. Gautam noted that construction is advancing well, with approximately 2.18 lakh houses at various…