Category: Latest Stories

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IndustryLatest Stories

Mahindra Lifespace Q2 FY26 Net Profit at ₹47.91 Crore

NEW DELHI: Mahindra Lifespace Developers announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025, a significant turnaround from a loss of ₹14.01 crore in the same quarter last year, as reported in a BSE filing. The company’s total consolidated income for Q2 FY26 reached ₹33.06 crore, reflecting a 107.14% increase from ₹15.96 crore in the corresponding quarter of the previous fiscal year. Amit Kumar Sinha, Managing Director & CEO, stated, “Our business development momentum remains strong with year-to-date GDV additions of ₹9,500 crore. The IC&IC sector is witnessing robust traction in Jaipur and Chennai,…

InfrastructureLatest Stories

Urban Population Growth Challenges Urbanization, Says Housing Minister

BENGALURU: Union Minister Manohar Lal Khattar remarked on Thursday that urbanization has become a pressing issue due to the swift increase in city populations. The Centre has initiated regional meetings to tackle various urban development challenges. “Urbanization is a significant concern these days as urban populations continue to grow,” Khattar informed reporters following a regional meeting with representatives from Karnataka, Kerala, Tamil Nadu, Puducherry, and Lakshadweep. The Minister of Housing and Urban Affairs mentioned that the discussions covered topics such as road infrastructure, drainage systems, mobility, and metro rail projects, incorporating demands and suggestions from the involved states. “The meeting…

CommercialLatest Stories

Table Space leases 540k sq ft of workspaces in NCR

NEW DELHI: Table Space has successfully leased more than 540,000 sq ft of office space throughout the National Capital Region (NCR). The company has launched new centers at Worldmark 4, Aerocity in Delhi, as well as at DLF Downtown, Godrej GCR, Atrium Place, and Good Earth Business Bay II in Gurugram. With this latest expansion, Table Space’s portfolio in NCR has surpassed 2.2 million sq ft, having leased over 50,000 sq ft at Worldmark 4. The DLF Downtown center, located in DLF City Phase-III, encompasses over 85,000 sq ft across two floors, while the Godrej GCR center on Golf Course…

IndustryLatest Stories

Rajasthan: RIICO Launches 6,000 Direct Allotment Plots

Representative image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has launched the sixth phase of its direct allotment scheme for investors who have signed MoUs with the state government as part of the Rising Rajasthan Global Investment Summit. The application window will remain open until October 14 for MoU holders to apply for industrial plots. In this phase, RIICO is offering 6,000 industrial plots across 100 industrial areas, with special reservations for entrepreneurs from SC/ST, women, ex-servicemen, and persons with disabilities. During the previous phase in September, RIICO received 322 applications for 224 plots, with significant interest…

InfrastructureLatest Stories

20,000 Villagers Protest Against Himmatnagar Development Board

GANDHINAGAR: In a significant demonstration, approximately 20,000 villagers, including farmers and cattle herders, rallied in Kanknol village, Himmatnagar taluka, Sabarkantha district on Thursday. They are calling for the cancellation of a notification to establish the Himmatnagar Urban Development Authority (Huda). The Huda development plan proposes the appropriation of land from farmers in 11 villages as part of a town planning initiative. This protest, organized by Huda Sankalan Samiti, has been ongoing for 40 days, with previous rallies where villagers submitted memoranda to the collector and other authorities. “We have decided to give the government a 15-day ultimatum to revoke the…

Housing FinanceLatest Stories

IIFL Home Finance Names Girish Kousgi as MD & CEO

NEW DELHI: IIFL Home Finance, part of IIFL Finance, has named Girish Kousgi as its managing director and chief executive officer, starting October 30, 2025. Kousgi will oversee all business operations, focusing on home loans, the non-home loan segment, MSME loans, and construction finance. Before joining IIFL Home Finance, he was the MD & CEO of PNB Housing Finance. With almost 30 years of experience, he has held senior roles at Can Fin Homes, Tata Capital Financial Services, IDFC Bank, and ICICI Bank. Published On Oct 30, 2025 at 01:23 PM IST Join a community of over 2M industry professionals!…

Latest StoriesRegulatory

NCLAT Denies UCO Bank’s Claim in Bulland Buildtech Case

NOIDA: The National Company Law Appellate Tribunal (NCLAT) has determined that home loans issued by a bank to buyers do not constitute a financial debt owed by a project’s developer. This ruling came as it rejected UCO Bank’s request to be recognized as a financial creditor in the insolvency case of Bulland Buildtech Pvt Ltd, the firm behind the Bulland Elevates project in Greater Noida. A bench consisting of chairperson Justice Ashok Bhushan and technical member Arun Baroka upheld decisions from the National Company Law Tribunal (NCLT) that denied the bank’s Rs 19 crore claim and approved a resolution plan…

Latest StoriesRegulatory

Ahmedabad Builder Owner Sentenced to Four Years in Jail

AHMEDABAD: A JMFC court in Sanand sentenced Raman Patel, owner of Popular Builders, to four years in prison for a fraudulent land transaction in Chekhla village near Ahmedabad dating back to 1996. Patel was convicted of forgery and criminal conspiracy. The court also imposed a fine of Rs 1.40 lakh, directing that Rs 1 lakh be paid to the descendants of the landowner deceived by Patel and eight accomplices, including his brother Dashrath Patel, according to district government pleader Pravin Trivedi. Both Raman and Dashrath were witnesses for the CBI in the 2005 Sohrabuddin Sheikh encounter case. In August 2020,…

Latest StoriesRegulatory

DM Files FIR Against Ghaziabad Highrise Owners for Fraud

GHAZIABAD: District Magistrate Ravindra Mandar has directed the filing of an FIR against the officials of a Rajnagar Extension apartment owners’ association (AOA) due to alleged financial misconduct. The decision comes after a complaint from Satyajeet Kumar, a resident of Savy Ville De Society, who accused the AOA members of fraud and mismanagement of funds. As of this report, the FIR had not yet been registered. In response, Hemant, the AOA president, informed TOI that they have requested the DM to conduct a re-audit of the society’s finances. An audit by the Deputy Registrar’s office for the years 2022-2023 and…

Latest StoriesRegulatory

Gurugram Seals Multi-Storey Building for Unpaid Taxes

Representative image GURUGRAM: On Thursday, the MCG sealed a multi-storey residential building in Jharsa due to unpaid property taxes amounting to ₹67 lakh. Officials indicated that further actions against significant defaulters are in the works under the ongoing recovery initiative. According to zonal taxation officer Rajesh Yadav, the property’s owner had been repeatedly notified about the outstanding tax, but failed to comply, prompting MCG to take this action. MCG Commissioner Pradeep Dahiya stated, “Our municipal corporation is actively pursuing tax defaulters. It is crucial for all property owners to pay their taxes punctually to enhance municipal revenues and civic amenities.…