Category: Latest Stories

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Housing FinanceLatest Stories

Aptus Value Housing Finance Q1 FY26 Profit Up 27.66%

NEW DELHI: Aptus Value Housing Finance India has announced a remarkable 27.66% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹219.25 crore in Q1 FY26, compared to ₹171.74 crore during the same period last year, as per a BSE filing by the company. The company’s total net consolidated income for Q1 FY26 amounted to ₹530.14 crore, representing a 31.02% rise from ₹404.62 crore achieved in the corresponding quarter of the previous fiscal year. P. Balaji, the managing director, stated, “We have seen our customer base increase by 20% year-on-year to…

Latest StoriesResidential

Mumbai’s July 2025 Property Registrations Hit ₹1,101 Crore

NEW DELHI: In July 2025, Mumbai (under the BMC jurisdiction) registered 12,366 properties, generating ₹1,101 crore in revenue through stamp duty. This represents a year-on-year growth of 3%, spurred by an increase in high-value transactions. Compared to the previous month, property registrations rose by 7%, while stamp duty collections increased by 6%. In the first seven months of 2025, Mumbai saw over 88,426 property registrations, a 4% year-on-year uptick. The associated revenue grew by 13% to ₹7,832 crore. Shishir Baijal, chairman and managing director at Knight Frank India, remarked, “Mumbai’s residential sector is showcasing robust buyer confidence, with monthly registrations…

InfrastructureLatest Stories

Bhubaneswar to Request Plot Owners for Road Development Access

Bhubaneswar Municipal Corporation Pushes for Road Handover from Developers Image: Caption: Representative image created by AI Bhubaneswar: On Wednesday, the Bhubaneswar Municipal Corporation (BMC) called upon developers and landowners to transfer roads that were designated at the time of their property purchases to the civic body. During a BMC meeting, corporators raised concerns about numerous roads not being handed over, which is hindering planned development and the construction of essential infrastructure like roads and drains. Officials explained that historically, large plots were subdivided for sale, and while roads were designated, they often were not formally transferred to the BMC upon…

InfrastructureLatest Stories

Piped Cooking Gas to Reach 20,000 Homes in Chennai’s Outskirts

Representative image created by AI CHENNAI: Approximately 20,000 homes along Old Mahabalipuram Road (OMR), Grand Southern Trunk (GST) Road, and the southern outskirts of the city will be equipped with piped natural gas (PNG) within the next 18 months, according to M Thirukumaran N T, regional head (Kanchipuram) of THINK Gas, which holds licenses for the area. The company currently has 5,500 active domestic connections, with nearly 60% located in Sholinganallur, Thiruporur, Thalambur, and Thaiyur along OMR. “We have developed sufficient infrastructure across OMR, sections of GST Road beyond Tambaram, and the southern suburbs. Expansion is actively underway,” he stated,…

IndustryLatest Stories

MPIDC Allocates 23 Plots in Pithampur Sector 7 Land Pooling

Representative image created by AI INDORE: On Monday, the Madhya Pradesh Industrial Development Corporation (MPIDC) allocated commercial and residential plots to 23 landowners whose land was pooled for the new Sector 7 industrial area in Pithampur. A total of approximately 9.5 hectares, consisting of 10 commercial and 427 residential plots, were assigned to landowners, valued at around Rs 49 crore. These plots were registered from September 1, 2022, to December 31, 2022. The industries department is aggregating land from private owners to develop Indore’s latest industrial expansion—Sector 7 in Pithampur—covering about 2,090 hectares, of which 600 hectares is government land,…

Latest StoriesResidential

Mumbai Chawl Residents Protest BEST’s Power, Water Cuts

Representative image created by AI MUMBAI: The Elphinstone Bridge is back in the news as residents of a nearby chawl report harassment from Brihanmumbai Electric Supply and Transport (BEST) officials. A resident from Haji Noorani Chawl mentioned that on Tuesday, BEST officials attempted to cut off the electricity supply and warned that water would also be discontinued. “Today, BEST officials informed us that MHADA requested to disconnect electricity and water at Haji Noorani Chawl, stating that the building is unsafe. We gathered and prevented them from cutting off the supply,” said Munaf Thakur, Secretary and resident of the chawl. He…

Latest StoriesResidential

Haryana CM Offers 100 Sq Yards Plot to 1 Lakh Poor Families

KURUKSHETRA: On Wednesday, Haryana Chief Minister Nayab Singh Saini announced that one lakh families classified as ‘Antyodaya’ without land will soon receive a plot of 100 square yards each. “Following this achievement, we will begin selecting an additional 1 lakh beneficiaries,” he stated. The Chief Minister made these remarks during an event in various villages within the Ladwa constituency, as per an official statement. He reiterated the government’s commitment to providing plots to underprivileged families, ensuring “a roof over every head.” Saini criticized the previous Congress administration for making empty promises regarding the distribution of 100-square yard plots to the…

Latest StoriesRegulatory

HC: State can’t limit zero-period relief after land delay

NOIDA: The Allahabad High Court has affirmed that ‘zero-period’ waivers for real estate developers should be granted in full for delivery delays beyond their control. In a ruling dated July 25, the court annulled a Greater Noida Authority decision that denied the zero-period benefit to developer Empire E-Parks. The judgment mandates that the development authority provide the developer with a zero-period waiver on interest and penal interest accrued over the 18 years that construction was halted, due to the developer’s inability to take possession of the designated land. This decision, echoing a previous case involving Gaurasons India Ltd, could significantly…

IndustryLatest Stories

Telangana Housing Board Sells 1 Acre in KPHB for ₹65 Cr+

Representative image HYDERABAD: The Telangana Housing Board’s recent e-auction of an acre of open commercial land generated over Rs 65.3 crore for the state government. The auction for plot number 1 in Phase 4 of the Kukatpally Housing Board took place on Wednesday and involved 11 bidders. The winning bid came from the Institute of Chartered Accountants of India (ICAI), one of the four online bidders. VP Gautham, vice-chairman of the Telangana Housing Board, noted that the identities of the bidders were kept confidential until the conclusion of the online bidding process. He also reported that the state government raised…

Latest StoriesResidential

Bhubaneswar to Offer Affordable Housing to Slum-Dwellers via Lottery

BHUBANESWAR: On Wednesday, the Bhubaneswar Development Authority (BDA) conducted a lottery to distribute homes to 38 beneficiaries through its Affordable Housing Projects (AHP) and In-situ Slum Redevelopment (ISSR) initiatives. The purpose of these schemes is to offer secure and dignified housing for the urban poor living in slums and informal settlements. The allocation involved 24 beneficiaries receiving homes at Barunei Enclave AHP in Subudhipur, nine at Santi Nagar Awas Yojana (Keshari Residency), and five at the Nilamadhab Awas scheme in Chandrasekharpur. BDA Vice-Chairman N Thirumala Naik, present at the event, highlighted the authority’s commitment to inclusive urban development. “Our goal…