Category: Latest Stories

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IndustryLatest Stories

Assetz Purchases 11.5 Acres in East Bengaluru

Representative image NEW DELHI: Bengaluru-based Assetz has acquired an 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru. The company intends to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. This strategic acquisition, which includes a joint development with Vanshee Builders & Developers, is backed by a funding partnership with Motilal Oswal Alternates. The project will encompass 1.4 million sq ft of saleable built-up area (SBA), offering about 800 units. Sunil Pareek, executive director of the company, stated, “In the last two years, we have built a pipeline of…

CommercialLatest Stories

Sumadhura Capitol Towers Leases 500K Sq Ft in Bengaluru

Sure! Here’s a rewritten version of your content: NEW DELHI: The Sumadhura Group has leased 500,000 sq ft of office and retail space to international companies at Sumadhura Capitol Towers, located in Whitefield, Bengaluru. The leasing activities are expected to yield an annual revenue of ₹50 crore. Madhusudhan G, the chairman and managing director, stated, “Bengaluru’s Grade A+ office real estate continues to attract significant interest from both local and international tenants, driven by solid infrastructure development, increasing demand, and improved connectivity.” Sumadhura Capitol Towers covers 8.67 acres with a leasable area of 1.5 million sq ft and was designed…

IndustryLatest Stories

Keystone Realtors’ Q1 FY26 Net Profit Falls 36.34%

NEW DELHI: Keystone Realtors has reported a 36.34% decline in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax for Q1 FY26 was ₹16.33 crore, compared to ₹25.65 crore in the same quarter of the previous fiscal year, according to a filing with BSE. The company’s net consolidated total income was ₹288.64 crore for Q1 FY26, reflecting a 33.98% decrease from ₹437.20 crore in the corresponding quarter last year. In Q1 FY26, Keystone Realtors achieved a 75% increase in pre-sales, totaling ₹1,068 crore, while collections amounted to ₹575 crore. The company launched three projects…

IndustryLatest Stories

Raymond Realty Reports ₹26.93 Crore Profit in Q1 FY26

NEW DELHI: Raymond Realty (RRL), the real estate division of the Raymond Group, reported a standalone profit after tax of ₹26.93 crore for the quarter ending June 30, 2025. The standalone total income for Q1 FY26 stood at ₹334.34 crore. The company recorded a booking value of ₹306 crore, with collections reaching ₹374 crore in Q1 FY26. RRL’s total gross development value (GDV) is ₹40,000 crore, and it remains a net-debt free firm with a net cash surplus of ₹233 crore. The company became a separate entity on the Indian stock exchanges as of July 1, 2025, following its strategic…

InfrastructureLatest Stories

Delhi CM presents CAG audit on construction workers’ welfare

Representative image created by AI NEW DELHI: On Monday, Delhi Chief Minister Rekha Gupta presented a CAG audit report in the Assembly that uncovered irregularities in the registration of construction workers. The report indicated insufficient spending on their welfare, even though the state government had more than ₹3,500 crore available from 2019 to 2023. The Comptroller and Auditor General (CAG) of India’s report on ‘Welfare of Building and Other Construction Workers’ (BOCW) examined the preceding four years under the previous Aam Aadmi Party (AAP) government. The report found that the Delhi government lacked reliable data on the number of BOCWs,…

InfrastructureLatest Stories

Nine Unsafe Buildings Demolished by Civic Bodies in Jaipur

JAIPUR: To curb monsoon-related incidents, the Jaipur Municipal Corporation-Heritage (JMC-H) and Greater Jaipur Municipal Corporation (JMC-G) took decisive action by demolishing nine unsafe structures on Monday in areas including Tripolia Bazaar, Maniharon Ka Rasta, and Tagore Path. In the JMC-H zone, a section of an unstable building in Ward 72’s Maniharon Ka Rasta was torn down and sealed. Similar actions took place at Nataniyon Ki Haveli in Tripolia and Khejron Ka Rasta. In the JMC-G zone, bulldozers were employed to dismantle five perilously weak buildings in Mansarovar. “We have identified 126 dilapidated structures in the Heritage zone, 48 of which…

Latest StoriesRegulatory

Karnataka HC: BDA Must Prove Title in Sadashivanagar Case

BENGALURU: The Karnataka High Court has resolved two writ appeals concerning a protracted land use and ownership dispute over a one-acre plot adjacent to the Sadashivanagar Club. The court ruled that the land use designation in the Bengaluru Master Plan has expired due to non-utilization. A division bench consisting of Justice SG Pandit and Justice TM Nadaf stated that any further actions on the application filed by members of the former Mysuru royal family would hinge on the outcome of a pending civil suit before the Bengaluru city civil judge. The appeals were put forth by the Bangalore Development Authority…

InfrastructureLatest Stories

Govt Plans to Regularize 50% of Bhandara’s Nazul Land Properties

BHANDARA: Revenue Minister Chandrashekhar Bawankule revealed that almost 50% of Bhandara city is situated on nazul land without ownership rights. He assured that the government is developing a plan to regularize these properties within a year, utilizing drone surveys. Additionally, a re-survey of sand resources in Bhandara district will be conducted soon, as current official records underestimate the sand availability. Addressing sand mining, Bawankule pointed out that while government records indicate only 7 lakh brass of sand in the district, the actual availability is much greater. “A minimum of 25 lakh brass of sand is available,” he stated. The minister…

IndustryLatest Stories

Chandigarh Farmers Still Wait for 2013 Plot Scheme Payouts

Representative image created by AI CHANDIGARH: While the AAP government promotes its new Land Pooling Policy, 2025, farmers in Hoshiarpur village near New Chandigarh have been waiting for over a decade for commercial sites they were promised by the Greater Mohali Area Development Authority (GMADA) following land acquisitions in 2013 for the Eco City II (extension) scheme. Though landowners who chose monetary compensation have been paid, those opting for plots still await their final allotments. These landowners have only received letters of intent (LoI), which do not equate to final plot allocations. As a result, their intentions to rent out…

CommercialLatest Stories

Cochin body to consolidate 1,000 acres for Infopark Phase III

KOCHI: The Greater Cochin Development Authority (GCDA) has begun the process to issue a notification for land pooling for the highly anticipated Phase III of Infopark. GCDA plans to acquire approximately 1,000 acres to establish a new campus spanning 300 acres in the Kizhakkambalam and Kunnathunadu villages. This initiative will mark Kerala’s first land pooling project. Last year, the government tasked GCDA with overseeing the land pooling process. Since then, GCDA has engaged in discussions with Infopark, conducted site inspections, and worked to identify suitable land. However, technical challenges arose as the identified lands were outside GCDA’s jurisdiction. As a…