Category: Latest Stories

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Latest StoriesRegulatory

Gurugram Police Arrest CKC Infra Director for Investor Fraud

Certainly! Here’s a rewritten version of the provided content: — GURUGRAM: The Gurugram police have apprehended two individuals, including a director of an infrastructure company, for allegedly scamming investors through fraudulent real estate projects linked to Dhirendra Shastri’s ‘Aparna Ashram’ in Silokhera village, according to police reports on Friday. The Economic Offences Wing-2 (EOW) arrested Ashok Chaudhary (60) from Gautam Nagar, Delhi, and Chandrakant Chaudhary (40) from Brij Vihar, Ghaziabad, Uttar Pradesh, from Sector 62, Noida. On April 15, a victim filed a complaint stating that the directors of CKC Infra Company, Ashok, Chandrakant, and their associates, misled him with…

IndustryLatest Stories

PropShare Celestia Units Drop Over 1% on Trading Debut

NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday. The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%. The market valuation of the company is now at ₹241.16 crore. On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue…

IndustryLatest Stories

Lodha Developers’ Net Profit Grows 24% in FY26

NEW DELHI: Lodha Developers reported a 24% increase in its net consolidated profit for the financial year 2025-26, with a profit after tax (PAT) of ₹3,430.7 crore, up from ₹2,766.6 crore in FY25, according to their BSE filing. The total net consolidated income for the company reached ₹17,119.5 crore in FY26, representing a 20.82% increase from ₹14,169.8 crore in FY25. The board of directors proposed a final dividend of ₹4.25 per equity share of ₹10 for the fiscal year ending March 31, 2026. Additionally, the board approved the reappointment of Lee Polisano as an independent director for a five-year term…

IndustryLatest Stories

Unitech Nominee Director Uma Shankar Resigns

NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…

InfrastructureLatest Stories

Odisha: 244 Acres for Jeypore Airport Expansion

KORAPUT: The state government is progressing with plans to upgrade Jeypore Airport, which is anticipated to boost regional connectivity and stimulate economic growth in southern Odisha. Jadumani Nayak, the sub-collector of Jeypore, announced that approximately 244 acres have been identified across three villages for acquisition to elevate the airport from Category 2B to 3C. A detailed land schedule has been submitted to the government for notification, and the acquisition process will commence upon approval. Jeypore Airport, which commenced operations on October 31, 2022, under the UDAN regional connectivity scheme, currently facilitates two nine-seater flights daily between Bhubaneswar and Jeypore, in…

Latest StoriesResidential

KHB Unveils New Residential Layout on 92 Acres in Belagavi

Representative AI image BELAGAVI: The Karnataka Housing Board (KHB) is advancing plans for a new residential scheme in Honnihal village, located approximately 18 km from the city, spanning 92 acres and 7 guntas of land. The proposal has been submitted to the government, and public notification will follow pending project approval. The last residential layout developed by KHB was Devaraj Urs Colony in Basavan Kudachi nearly ten years ago. This new initiative aims to meet the increasing housing demand in the city by providing affordable options and enhancing public infrastructure. The KHB has earmarked land in Survey Nos. 43/1 to…

IndustryLatest Stories

Belagavi Civic Body’s Illegal Construction Crackdown Raises Accountability

BELAGAVI: On Thursday, the Belagavi City Corporation (BCC) ramped up its efforts against illegal constructions, initiating a partial demolition of a four-storey building in the bustling Maruti Galli area. The operation, carried out with JCB machinery, signifies a notable intensification in the enforcement of regulations against unauthorized structures in the city. The demolition captured significant public interest, drawing large crowds as sections of the building were dismantled. While many locals applauded the enforcement as a necessary assertion of civic oversight, it has also sparked controversy and raised concerns regarding governance, due process, and accountability within the urban local body. A…

InfrastructureLatest Stories

Margao, Mormugao ODPs to Transform into Master Plans

PANAJI: The Town and Country Planning Department will transform the current outline development plans (ODPs) for Margao and Mormugao into comprehensive GIS-based masterplans as part of the Centre’s Amrut 2.0 initiative. This effort will digitally map both cities, integrating data-driven blueprints that encompass land use, infrastructure, transportation, housing, and employment. The initiative is part of a sub-scheme under Amrut 2.0, aimed specifically at Class II towns with populations ranging from 50,000 to 99,999. Fully funded by the Ministry of Housing and Urban Affairs, this scheme focuses on towns that were excluded from the original Amrut mission launched in 2015, which…

Latest StoriesResidential

Homebuyers Challenge Lavasa Corp’s Insolvency at NCLT

MUMBAI: Homebuyers in Lavasa, a hill town developed by Lavasa Corp, have submitted a new appeal requesting intervention from the appellate tribunal. They have cited significant issues within the resolution plan. In their appeal, the homebuyers have raised concerns about discriminatory treatment, arbitrary financial burdens, a lack of transparency in the insolvency process, and possible changes to key elements of the approved plan by the Welspun Group-Ashdan Properties consortium. In a detailed 99-page appeal, they requested a stay on the NCLT’s order regarding their case and urged the appellate tribunal to instruct the NCLT to review pending applications from homebuyers…

Latest StoriesResidential

Dharavi Residents to Receive 500-754 sq ft Rehab Flats

MUMBAI: Residents of chawls and buildings included in the Dharavi Redevelopment Project will receive rehabilitation flats ranging from a minimum of 500 sq ft to a maximum of 754 sq ft, free of charge. This initiative will benefit approximately 8,700 households within the Dharavi Notified Area, encompassing both chawls and housing societies. This decision follows directives issued by CM Devendra Fadnavis during a meeting last May, where he instructed the DRP to propose a minimum carpet area of 500 sq ft to the government for approval, accompanied by justifications. Consequently, the DRP submitted a proposal for a minimum carpet area…