Category: Latest Stories

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IndustryLatest Stories

Alta Capital Invests $100M in Isprava’s Luxury Homes

Representative AI image The Isprava Group, a key player in Goa’s luxury real estate market, is nearing a significant Rs 850-crore ($100 million) investment from Alta Capital, marking the largest fundraising effort in the company’s nine-year history, according to sources familiar with the deal. This investment, encompassing both primary and secondary shares, aims to facilitate the company’s expansion in coveted vacation spots like Goa, Alibaug, Karjat, and Kasauli. It will also enable Isprava to introduce international offerings for its affluent clientele and provide exits to some previous high-net-worth investors. Once finalized in the coming weeks, Alta Capital will ascend to…

CommercialLatest Stories

EFC (I) Net Profit Soars 55.11% in Q2 FY26

NEW DELHI: EFC (I) has announced a significant 55.11% increase in its net consolidated profit for the quarter ending September 30, 2025. The company reported a profit after tax of ₹56.71 crore in Q2 FY26, compared to ₹36.56 crore in the same quarter last year, according to a filing with the BSE. The net consolidated total income for Q2 FY26 reached ₹441.90 crore, marking a 4.18% rise from ₹424.19 crore in the corresponding quarter of the previous fiscal year. Expanding its capacity, the company now seats over 68,000, achieving an average revenue of ₹6,750-7,250 per seat and managing an area…

IndustryLatest Stories

Pune Jain Property Row: Sale Nullified, Deed Awaiting Cancellation

PUNE: The Maharashtra charity commissioner has ordered the cancellation of a Jain trust’s prime property sale in Pune to a builder. However, officials report that neither party has approached the Registration and Stamp Department to finalize the cancellation deed. On Tuesday, Jain spiritual leader Acharya Guptinandi Maharaj, who spearheaded the protest against the Seth Hirachand Nemchand Jain hostel property deal between Model Colony trustees and Gokhale Landmarks LLP, threatened to resume the agitation if the deal is not nullified within a few days. The land, which includes a boarding facility for Jain students and the Bhagwan Mahavir temple, is located…

Housing FinanceLatest Stories

SRG Housing Finance Q2 FY26 Net Profit Jumps 24.85%

NEW DELHI: SRG Housing Finance has reported a 24.85% increase in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit after tax reached ₹8.24 crore in Q2 FY26, up from ₹6.60 crore during the same quarter last fiscal, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹48.44 crore, reflecting a 31.49% rise from ₹36.84 crore in the same quarter last year. Vinod K. Jain, managing director, stated, “We maintained our growth trajectory in Q2 FY26, with assets under management (AUM) increasing to ₹866.64 crore, approximately 33% higher year-on-year. Our…

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Net Profit Drops 84.91%

NEW DELHI: Keystone Realtors reported an 84.91% decline in its net consolidated profit for the quarter ending September 30, 2025. The company’s profit post-tax was ₹9.89 crore for Q2 FY26, compared to ₹65.55 crore in the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for Q2 FY26 was ₹520.92 crore, down 6.35% from ₹556.22 crore reported in the same quarter last year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹772 crore in Q2 FY26, representing a 10% year-on-year growth on a quarterly basis, and ₹1,839 crore for H1…

Housing FinanceLatest Stories

Repco Home Finance Q2 FY26 Net Profit Drops 5.12%

NEW DELHI: Repco Home Finance reported a 5.12% decrease in its consolidated net profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹103.15 crore, down from ₹108.72 crore in the same quarter last year, according to a BSE filing. The company’s consolidated total income for Q2 FY26 was ₹441.90 crore, reflecting a 4.18% increase from ₹424.19 crore in the corresponding quarter of the previous fiscal year. The overall loan portfolio amounted to ₹15,033 crore as of September 30, 2025, an increase of 7.7% from ₹13,964 crore a year earlier. The assets under management…

IndustryLatest Stories

Emaar India to invest ₹1,600 crore in Gurugram luxury homes

NEW DELHI: Realty firm Emaar India is set to invest approximately Rs 1,600 crore to develop a luxury housing project in Gurugram to meet robust consumer demand. The Indian subsidiary of UAE-based Emaar Properties recently unveiled the ‘Serenity Hills’ residential project in Sector 86, Gurugram. Emaar India CEO Kalyan Chakrabarti stated, “We are launching the initial phase of our new housing development in Gurugram, featuring 997 apartments across seven towers.” This project is designed as a green initiative, aiming for IGBC Platinum pre-certification, and is being built in collaboration with the landowner. In response to inquiries about project costs, Chakrabarti…

IndustryLatest Stories

Ashiana Housing Q2 FY26 Net Profit at ₹27.54 Crore

NEW DELHI: Ashiana Housing has reported a consolidated net profit of ₹27.54 crore for the quarter ended September 30, 2025, rebounding from a loss of ₹7.55 crore recorded in the same period last year, according to the company’s filing with BSE. The company’s consolidated total income reached ₹176.18 crore in Q2 FY26, marking a remarkable increase of 195.95% from ₹59.53 crore in the corresponding quarter of the previous year. As of September 30, 2025, Ashiana’s net worth was recorded at ₹790.42 crore, with a debt-equity ratio of 0.42, and a current liability ratio of 0.87. Additionally, total debts to total…

IndustryLatest Stories

Shriram Properties Q2 FY26 Net Profit at ₹8.57 Crore

NEW DELHI: Shriram Properties (SPL) has announced a net consolidated profit after tax of ₹8.57 crore for the quarter ending September 30, 2025, compared to a loss of ₹79 lakh in the same quarter last year, as per their BSE filing. The company’s total consolidated income was ₹229.01 crore in Q2 FY26, marking a 47.65% increase from ₹155.10 crore during the corresponding quarter last year. Gopalakrishnan J, the executive director & CEO, stated, “Q2 has shown encouraging operational performance, with robust sequential and year-on-year growth. Although financial performance was slightly muted, we anticipate a significant rebound in H2 FY26 as…

InfrastructureLatest Stories

Ahmedabad’s Demolition Drive Targets Illegal Builds in Vatva, Jamalpur

AHMEDABAD: The Town Development Officer (TDO) of the Ahmedabad Municipal Corporation (AMC) executed demolition drives in the Vatva and Jamalpur regions on Tuesday, focusing on illegal constructions and encroachments on public and civic lands. In Vatva, the AMC dismantled 14 illegal structures located around Bhoja Talav, situated along the Narol-Aslali Highway. Officials reported that approximately 12,540 sq m of lake land was reclaimed from encroachment. Additionally, in Lambha ward, two unused toilet blocks on Gamtal Road in Saijpur-Gopalpur were demolished, along with five compound walls. In a separate initiative, officials in the Central Zone’s Jamalpur area demolished illegal construction on…