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Housing FinanceLatest Stories

Aptus Value Housing Finance Q4 FY25 Profit at Rs 207.02 Crore

CHENNAI: Aptus Value Housing Finance India Ltd, a home loan company, reported a consolidated profit of ₹207.02 crore for the January-March 2025 quarter, reflecting an increase from ₹164.03 crore during the same period last year. For the financial year ending March 31, 2025, profit rose to ₹751.24 crore, up from ₹611.89 crore in the previous year. “I am pleased to announce that FY25 has been a successful year for Aptus, characterized by significant progress and robust growth in Assets Under Management (AUM),” commented Managing Director P Balaji. “During FY2025, we expanded our footprint by opening 38 new branches, boosting our…

InfrastructureLatest Stories

Goa Approves Housing Projects Without Water Access Assessment

Representative Image PANAJI: In a state grappling with water scarcity in both urban and rural areas, the town and country planning (TCP) department continues to grant technical approvals for new housing and tourism projects daily, overlooking a critical factor—access to water. Rapid urban development, exacerbated by uncontrolled groundwater extraction and increasing tourist numbers, has left Goa’s water infrastructure in distress. Despite this escalating crisis, various government departments operate independently. Clearances for extensive housing developments and luxury resorts are issued without consulting the public works department (PWD) or the water resources department (WRD), which are responsible for ensuring residents have adequate…

Latest StoriesRegulatory

Patna civic body collects ₹40 crore in property tax in 3 months

PATNA: The Patna Municipal Corporation (PMC) has achieved notable success in property tax collection, securing Rs 40 crore in the first quarter of the 2025-26 fiscal year, which is over 28% of its annual goal. This achievement follows a 5% rebate for property owners who made timely payments, valid until Monday, June 30. The municipal body has set an ambitious target of Rs 141 crore for this financial year, a significant increase from the Rs 117 crore collected in 2024-25. Ashish Kumar, the additional municipal commissioner, confirmed the figures, stating, “The collection represents over 28.36% of our annual target for…

IndustryLatest Stories

Haryana Digitizes Land Bank, Joins India’s Industrial Network

Certainly! Here’s a rewritten version of the content: CHANDIGARH: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is enhancing its industrial infrastructure by digitizing its land bank module and aligning it with the India Industrial Land Bank (IILB). According to an official announcement made on Monday, e-auction processes and post-allotment services are now available online. The state is also advancing “plug and play” facilities through the establishment of flatted factories in strategic locations, including Industrial Model Township Faridabad, IMT Manesar Phase-V, Sohna, Kharkhoda, Karnal, Yamunanagar, and Saha. Haryana is committed to becoming one of India’s most business-friendly states, taking…

Latest StoriesResidential

AP Government to Build Permanent Homes for the Poor: Minister

VISAKHAPATNAM: Housing Minister Kolusu Parthasarathy has announced that the state government will build permanent houses equipped with all necessary amenities for the underprivileged, while also completing pending projects in NTR colonies. During his recent visit to housing developments in Gidijala (Visakhapatnam district) and Paidivada Agraharam (Anakapalli district), he inspected construction progress and interacted with beneficiaries. During his visit, Minister Parthasarathy evaluated the existing conditions in the layouts and engaged in discussions with the residents. He attributed the issues to the previous government’s inadequate planning and assured that the current government would address these deficiencies, ensuring high-quality housing for the poor.…

Latest StoriesRera

Builder must register villa owners’ association: Telangana RERA

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has directed Prime Infratech, the developer of the Prime Alpenia villa project in Mokila, to establish a formal association of allottees within 45 days. This directive, issued on June 4, came after a villa owner lodged a complaint regarding ongoing harassment and the unlawful collection of funds due to the absence of a registered society. Budi Venkata Ramana, a resident of LB Nagar, reported that he purchased a villa in December 2021 and paid Rs 3,41,000 for corpus and maintenance charges in February 2022, but the promised owners’ association was never formed.…

CommercialLatest Stories

Goa Govt Loses ₹107 Crore as TCP Grants Free FAR to 321 Units

PANAJI: According to a report by the Comptroller and Auditor General (CAG), Goa has incurred a loss of ₹107 crore due to the town and country planning (TCP) department granting concessions to commercial entities by not imposing fees for additional floor area ratio (FAR). If calculated based on the finance department’s recommended rates, this loss could exceed ₹2,000 crore. The TCP department allowed 10.7 lakh square meters of additional FAR to 321 commercial establishments upon request without charging any fees. In contrast, the finance department had instructed the TCP to impose a fee of ₹1,000 per square meter for the…

Housing FinanceLatest Stories

Aadhar Housing Finance’s Q4 FY25 Profit Jumps 21% to Rs 245 Crore

NEW DELHI: Aadhar Housing Finance announced a 21% increase in net profit to Rs 245 crore for the fourth quarter of 2024-25, compared to Rs 202 crore in the same quarter the previous year. The company’s total income for the quarter rose to Rs 834 crore, up from Rs 692 crore in the same period last year, as stated in a regulatory filing. Interest income also saw a rise, climbing to Rs 722 crore from Rs 596 crore a year earlier. Total expenses increased to Rs 517 crore, compared to Rs 433 crore the previous year. Gross non-performing assets fell…

InfrastructureLatest Stories

FIR Filed Against Supertech Cape Town AOA for STP Issues

NOIDA: The Noida Authority has lodged a police complaint against the Apartment Owners Association (AOA) of Supertech Cape Town in Sector 74 for discharging untreated sewage into the sector’s drainage system. As per the guidelines set by the National Green Tribunal (NGT), high-rise developments are required to have operational sewage treatment plants (STPs) on-site. According to RP Singh, general manager (Jal) at the Noida Authority, inspections carried out on Friday revealed that the STP was not functioning according to the mandated standards. “We discovered that untreated sewage was being directly released into the drain. This poses a risk to groundwater…

Latest StoriesRegulatory

ED Raids Raheja Developers Over Homebuyer Fraud Case

NEW DELHI: On Tuesday, the Enforcement Directorate reported the seizure of “incriminating” documents and asset details during searches of real estate firm Raheja Developers Ltd. and its directors, as part of a money laundering investigation linked to alleged fraud against homebuyers. The raids occurred on June 27 in Delhi-NCR and Mohali, Punjab. The ED’s money laundering case arises from several FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja, and others. The agency stated that the FIRs claim “substantial” sums were fraudulently collected from investors and homebuyers with…