Category: Latest Stories

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IndustryLatest Stories

DLF Posts 32% Revenue Surge in FY25

NEW DELHI: DLF has reported impressive financial results for the fiscal year ending March 31, 2025 (FY25), with a consolidated revenue increase of 32% to ₹7,376 crore, up from ₹5,574 crore the previous year. The net profit after tax reached ₹2,744 crore, showing a year-on-year growth of 26% compared to ₹2,172 crore in FY24. This growth was propelled by robust housing demand, effective execution of key projects, and higher average realizations in its development portfolio. Surge in Sales and Collections The company reported gross new sales bookings of ₹14,778 crore in FY25, slightly lower than FY24’s ₹15,058 crore. However, DLF…

Latest StoriesRegulatory

ED Seizes ₹681 Crore Assets from Ramprastha Group

Representative image created by AI NEW DELHI: The Enforcement Directorate (ED) has attached colonies and plots spanning over 1,900 acres, valued at over Rs 680 crore, related to the Ramprastha real estate group in Gurugram due to an alleged fraud involving homebuyers. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) against Ramprastha Promoters and Developers Pvt Ltd (RDDPL) and its affiliates, the agency announced in a statement. The properties attached include various plotted colonies within Ramprastha City covering 226 acres in Sectors 37D, 92, and 95, as well as land parcels totaling 1,700 acres…

IndustryLatest Stories

Ajmera Realty Achieves ₹108 Crore Sales in Q1 FY26

NEW DELHI: Ajmera Realty & Infra India has reported first-quarter sales of ₹108 crore for FY26, with 63,244 sq ft sold. Although the performance remained stable, it faced challenges due to project launch delays caused by regulatory issues affecting the sector. The company experienced a 42% year-on-year increase in collections, reaching ₹234 crore in Q1 FY26, attributed to efficient execution and disciplined cash flow management. The Mumbai-based developer disclosed that key project launches were postponed because of delays in obtaining necessary permits, a challenge that has also impacted other industry players. Nevertheless, they are actively collaborating with authorities to address…

IndustryLatest Stories

Kolte-Patil Developers Reports ₹616 Crore Q1 FY26 Sales

NEW DELHI: Kolte-Patil Developers (KPDL) announced sales of ₹616 crore for Q1 FY26, driven by consistent performance in major projects and a slight growth in volumes. The company reported sales of 0.84 million sq ft in Q1 FY26, reflecting a 5% increase compared to the previous quarter. Customer collections totaled ₹550 crore this quarter, aligning with the scheduled payments. The average realization remained steady at ₹7,337 per sq ft, similar to last year’s performance. Atul Bohra, the group’s CEO, stated, “With strong launch plans ahead in Pune and Mumbai, we anticipate further growth. Our partnership with Blackstone enhances our strategic…

Latest StoriesResidential

Luxury Home Sales Soar 85% in H1 2025: Report

NEW DELHI: The luxury real estate sector in India experienced a remarkable growth spurt in the first half of 2025, with sales rising by 85% year-on-year, totaling nearly 7,000 units across the top seven cities, as highlighted in a joint report by CBRE South Asia and ASSOCHAM. This increase indicates a growing interest among high-net-worth individuals (HNIs), ultra-HNIs, and non-resident Indians (NRIs) in premium real estate, driven by macroeconomic stability and a stronger U.S. dollar. The Delhi-NCR market led the trend, accounting for 57% of total luxury sales, approximately 4,000 units, marking a threefold increase from the prior year. Mumbai…

InfrastructureLatest Stories

Chhattisgarh Cabinet OKs Authority to Enhance Urban Growth

Representative image created by AI RAIPUR: On Friday, the Chhattisgarh cabinet approved a series of transformative proposals, highlighted by the establishment of the State Capital Region Authority (SCRA), modeled after Delhi’s NCR. This authority aims to manage rapid urbanization across Raipur, Durg-Bhilai, and Nava Raipur Atal Nagar through systematic and sustainable development. Chaired by Chief Minister Vishnu Deo Sai at the Secretariat in Nava Raipur, the cabinet recognized projections indicating the region could accommodate nearly five million residents by 2031, emphasizing the critical need for efficient land utilization and environmental safeguards. A government statement revealed that the SCRA will prioritize…

InfrastructureLatest Stories

Purandar Airport Objection Hearings Over; Land Survey Starts Soon

Representative image created by AI PUNE: The administration of Pune district has concluded hearings for over 3,000 objections and suggestions from farmers in seven villages of Purandar taluka regarding the proposed ₹3,500-crore international airport. A joint land measurement will commence this month, followed by the submission of a comprehensive report to the state government, according to district land acquisition officials. Officials noted that opinions among villagers vary; some firmly oppose the project, while others seek better compensation, jobs, and rehabilitation packages. “Responses have improved since the hearings began, but many farmers still have concerns. We aim to gain their trust,”…

Latest StoriesRegulatory

PCMC Forms Squad to Tackle Staff Negligence in Illegal Builds

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set up a dedicated vigilance squad to oversee its staff for any lapses related to illegal building activities. This initiative aims to curb unauthorized development in its early stages, according to a senior civic official. On Wednesday, PCMC’s municipal commissioner, Shekhar Singh, led a review meeting with zonal officers and beat inspectors to address various issues, including illegal constructions, encroachments on footpaths and drainage systems, unregulated vegetable markets, and unauthorized religious structures. Singh emphasized the need for immediate action to stop unauthorized development early on and warned that negligence in enforcement would…

IndustryLatest Stories

Punjab to Revise Banur Master Plan, Zone Agri Land for Homes

MOHALI: To promote urban development, the Punjab government plans to amend the Banur Master Plan, transforming extensive agricultural land into residential zones. This change is proposed for several villages within the Banur revenue estate and is currently open for public feedback. The Directorate of Town and Country Planning, Punjab, has suggested modifications in the ‘Proposed Land Use Plan, Banur’, aiming to redesignate agricultural lands in villages such as Naugiari, Giga Majra, Hulka, Kalauli, Menda Majra, Mote Majra, Nadiali, Manakpur Kallar, Kurara, Tangori, Jhansli, and Sekhan Majra as residential. According to sources in the directorate, the amendments will reorganize the township…

IndustryLatest Stories

Sustainable Cities: India’s Urban Boom Offers Opportunities

Representative image created by AI NEW DELHI: Urbanization should be seen as an opportunity to transform Indian cities into sustainable and inclusive growth hubs, said Durga Shankar Mishra, former Secretary of the Ministry of Housing and Urban Affairs (MoHUA), at the ASSOCHAM Real Estate Conference 2025. He pointed out that under the Viksit Bharat vision, India’s urban population is projected to reach about 880 million by 2047, emphasizing the need for proactive and forward-thinking urban planning. “Real estate currently contributes nearly 13% to India’s GDP, with the affordable housing and development sector expanding at almost 10% annually,” Mishra noted, underscoring…