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InfrastructureLatest Stories

Andhra Pradesh CRDA Unveils ₹81,317 Crore Projects for Amaravati

AI-generated Representative Image AMARAVATI: The Andhra Pradesh Capital Region Development Authority (CRDA) has outlined projects valued at ₹81,317 crore for the construction of Amaravati, the greenfield capital city, with tenders already issued for works amounting to ₹50,552 crore. Chief Minister N. Chandrababu Naidu held a review meeting at the Secretariat with Municipal Minister P. Narayana, senior officials, and contractors to discuss the progress of construction in Amaravati. According to a press release, “CRDA has proposed a total investment of ₹81,317 crore for capital city development and called tenders for projects worth ₹50,552 crore.” Officials informed the CM that work has…

Latest StoriesRegulatory

SC mandates fresh SIT to investigate Noida officials and builders’ collusion

NEW DELHI: The Supreme Court has instructed the establishment of a new Special Investigation Team (SIT) by the Uttar Pradesh Police to probe allegations of collusion between NOIDA Authority officials and builders regarding inflated land acquisition compensation claims paid to farmers. A bench consisting of Justices Surya Kant and Joymalya Bagchi has ordered the formation of a new SIT comprising three IPS officers to replace the previous team. The Supreme Court has also prohibited project development in Noida without an Environmental Impact Assessment (EIA) and prior court approval of the report by the green bench. The court mandated that the…

IndustryLatest Stories

TARC Reports ₹54 Crore Profit in Q1 FY26

NEW DELHI: Realty company TARC Ltd has reported a consolidated net profit of ₹54.21 crore for the quarter ending June 30, 2025. In the corresponding quarter last year, the company had a net loss of ₹30.67 crore. Total income surged to ₹295.36 crore during the quarter, up from ₹9.62 crore a year earlier, according to a regulatory filing made on Tuesday. TARC Ltd is actively developing several real estate projects in the Delhi and Gurugram regions. During the fiscal year 2024-25, the company reported a net loss of ₹231.28 crore with total income of ₹38.88 crore. Published On Aug 13,…

Latest StoriesRegulatory

ED Raids Rohtas Projects in ₹248-Crore Fraud Case

NEW DELHI | LUCKNOW: On Wednesday, the Enforcement Directorate initiated searches at various locations linked to a real estate group based in Uttar Pradesh as part of a money laundering investigation. The agency is looking into allegations that the group scammed investors out of Rs 248 crore, according to official sources. As part of this investigation, searches are being conducted at eight sites in Lucknow and two in Delhi, targeting Rohtas Projects Ltd. The operation falls under the Prevention of Money Laundering Act (PMLA), the sources confirmed. The investigation follows 87 FIRs filed since 2021 by buyers of homes and…

CommercialLatest Stories

Smartworks Reports ₹4.19 Crore Loss in Q1 FY26

NEW DELHI: Smartworks Coworking Spaces Ltd reported a consolidated net loss of Rs 4.19 crore in the first quarter of FY26. The net loss was Rs 23 crore in the same period last year. However, total income increased to Rs 387.98 crore during the April-June quarter of 2025-26, up from Rs 323.15 crore in the same period the previous year, as per a regulatory disclosure. In the 2024-25 fiscal year, Smartworks recorded a net loss of Rs 63.17 crore with a total income of Rs 1,409.66 crore. Recently listed on stock exchanges, Smartworks Coworking Spaces is a prominent operator of…

Latest StoriesResidential

Etonhurst Capital Acquires 37 Worli Apartments for ₹500 Crore

Real estate investment management firm Etonhurst Capital Partners has acquired over 37 luxury apartments in a high-end residential project located in the upscale Worli area of Mumbai for more than Rs 500 crore. This acquisition marks the first inventory buyout by an institutional investor in India’s growing luxury housing sector. Etonhurst purchased these apartments from Piramal Finance, a non-banking finance company under the Piramal Group, which had acquired the inventory as part of a debt settlement agreement with the project’s developer, Omkar Realtors & Developers. The transaction consists of units in towers A and B of Omkar 1973, which have…

Latest StoriesRera

Karnataka RERA: Builders, Landowners Share Civic Liability

In a notable ruling with significant implications for joint development residential projects, the Karnataka Real Estate Regulatory Authority (K-RERA) has determined that builders and landowners share joint responsibility for providing essential civic amenities, including water and sewage connections, to homebuyers. The decision, made on July 30 by a K-RERA panel led by Chairman Rakesh Singh and Member J R Reddy, arose from a complaint filed by 30 residents, including L. Arun, against Adi Developers. The case pertained to the Adi North Lake project in Agrahara village, Bengaluru North taluk, developed under a joint development agreement (JDA) between Adi Developers and…

InfrastructureLatest Stories

Lucknow: Naimish Nagar Model Township Work Starts on Sitapur Road

LUCKNOW: The Lucknow Development Authority (LDA) has initiated work on the Naimish Nagar scheme, which spans 1,084 hectares along Sitapur Road, aimed at accommodating approximately three lakh residents. Construction for the first site office began on Tuesday in Purva village, located in Bakshi Ka Talab. Land for the initiative will be acquired through consent-based agreements as per the approved Standard Operating Procedure (SOP). LDA Vice-Chairperson Prathamesh Kumar stated that 18 villages have been earmarked for the project, including Bhauli, Lakshmipur, Purba Gaon, Purva, Sairpur, Farrukhabad, Kodri Bhauli, Kamalabad, Kamalapur, Palhari, Gopramou, Barumou, Dhatingra, Saidapur, Paschim Gaon, Dhobaila, Umrabhari, and Duggaur.…

IndustryLatest Stories

Karnataka Plans One-Time Settlement for B-Khata Upgrade

BENGALURU: Following the conferral of B-khata status to properties in unauthorized layouts across various urban local bodies, the government is now contemplating a one-time settlement (OTS) scheme aimed at upgrading these properties to A-khata status. Urban Development Minister BS Suresha announced this in the legislative council on Tuesday, amidst opposition criticisms related to the ongoing E-khata issue. Addressing the call for a review from the opposition, Suresha remarked, “B-khata grants owners legal documentation for their properties. We are now considering transitioning these properties to A-khata with the introduction of a one-time settlement (OTS).” This announcement follows criticisms from BJP and…

Latest StoriesResidential

Uttar Pradesh: 1.3 Million Homes Approved for Poor in 3 Years

LUCKNOW: Over 1.3 million homes have been granted approval in Uttar Pradesh for the underprivileged, including the poor and destitute, as revealed by Rural Development Minister Vijay Laxmi Gautam in the state Assembly on Tuesday. This announcement came during the Question Hour on the second day of the Monsoon Session in response to a question posed by Samajwadi Party member Arman Khan. Gautam stated that from 2022-23 to 2024-25, a total of 1,044,876 homes were sanctioned under the Pradhan Mantri Awas Yojana, alongside 262,594 homes approved under the Mukhyamantri Awas Yojana. Additionally, she mentioned that a survey encompassing 57.73 lakh…