Category: Latest Stories

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Latest StoriesResidential

Over 40 Ghaziabad housing societies fail fire safety test

GHAZIABAD: Buildings taller than 15 meters or covering over 500 square meters that do not possess a valid fire no-objection certificate (NOC) will incur all costs related to firefighting operations, warned Chief Fire Officer Rahul Pal on Monday. This notice followed the fire department’s issuance of warnings to 43 housing societies in areas like Indirapuram, Crossings Republik, and Raj Nagar Extension for lacking functional fire safety equipment. In the last two weeks, inspections at more than 165 societies revealed numerous violations, including encroachments and blocked access for fire tenders. This initiative was prompted by a recent fire at Gaur Green…

Latest StoriesRegulatory

SC: Aravalli expert committee should consult domain specialists, stakeholders

Sure! Here’s a rephrased version of the provided content: NEW DELHI: The Supreme Court announced on Monday that the expert committee responsible for defining the Aravalli hills and ranges should engage with domain experts and various stakeholders, ensuring the public’s voice is included. The bench, consisting of Chief Justice Surya Kant, Justices Joymalya Bagchi, and Vipul M Pancholi, remarked that the committee’s composition should be limited to avoid becoming unmanageable. “We cannot have a committee with 30 members, as it would be unmanageable. A size of 5-7 members is preferable, along with consultations with experts. We will include this in…

Latest StoriesRegulatory

ITAT: Spouse’s Name on Property Papers Insufficient for Tax Sale Proceeds

MUMBAI: The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that if a spouse’s name is included on a property for convenience or security, the income-tax department cannot automatically attribute the entire sale proceeds to that individual without assessing who actually funded and owned the property. This decision comes as a relief to a Mumbai taxpayer who faced a ₹62.5 lakh increase to her income. The tribunal instructed the I-T officer to validate her claim that she was merely a nominal co-owner, with the flat being entirely purchased and sold by her husband using his funds and that these…

Latest StoriesResidential

Airport Set for Flights, Property Prices Surge in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has increased property allotment rates by 3.5% across all categories. The new rates, approved by the board on May 2, see commercial property priced at Rs 98,776 per sqm, while residential plots in developed sectors are now set at Rs 51,363 per sqm. This adjustment comes ahead of the anticipated commercial operations at the Noida International Airport, slated to commence on June 15. Officials believe the airport will position Greater Noida as a significant economic and logistics center, likely boosting demand from investors, businesses, and homebuyers. According to GNIDA’s additional CEO, Sunil…

Latest StoriesResidential

Gurugram’s Malibu Towne Country Club Receives OC, Reopening Soon

GURUGRAM: Country Club of Malibu Towne has finally obtained its occupation certificate (OC) after a two-year wait, allowing it to reopen after its closure in 2024. The township’s license, which expired in 2020, was renewed six years later, in January 2026, enabling the builder to proceed with the OC application. Authorities have confirmed that all outstanding paperwork, payments, and required corrections that led to the sealing of the club are now complete. Residents of Malibu Towne, which is home to nearly 10,000 people, can look forward to the reopening of essential amenities, including the swimming pool. The 204-acre township in…

CommercialLatest Stories

Awfis Space Solutions’ FY26 Net Profit Rises 4.39% to ₹70.85 Cr

NEW DELHI: Awfis Space Solutions has announced a 4.39% increase in their net consolidated profit for the financial year 2025-26. The profit after tax reached ₹70.85 crore, compared to ₹67.87 crore in FY25, according to a BSE filing. The company’s net consolidated total income rose to ₹1,586.12 crore in FY26, reflecting a 25.81% increase from ₹1,260.74 crore in FY25. In Q4 FY26, the net consolidated total income saw a significant rise of 19.39%, amounting to ₹429.16 crore, up from ₹359.45 crore during the same quarter last year. Meanwhile, profit after tax surged by 106.95%, reaching ₹23.24 crore in Q4 FY26…

IndustryLatest Stories

Eldeco Housing’s FY26 Profit Soars 12.93% to ₹24.28 Crore

NEW DELHI: Eldeco Housing & Industries (EHIL) has announced a 12.93% increase in its net consolidated profit for the fiscal year 2025-26, reporting a profit after tax of ₹24.28 crore compared to ₹21.50 crore in FY25, as stated in a BSE filing. The company’s total net consolidated income reached ₹175.71 crore in FY26, reflecting a 22.29% rise from ₹143.68 crore in FY25. In Q4 FY26, net consolidated income surged by 70.96% to ₹64.28 crore, up from ₹37.60 crore in the same quarter of the previous year. Profit after tax rose by 49.85% to ₹4.84 crore compared to ₹3.23 crore for…

IndustryLatest Stories

NBCC India’s FY26 net profit up 33.19% to ₹742.44 crore

NEW DELHI: NBCC (India) has announced a net consolidated profit increase of 33.19% for the financial year 2025-26. The profit after tax reached ₹742.44 crore in FY26, up from ₹557.42 crore in FY25, according to the company’s BSE filing. The total net consolidated income for FY26 was ₹13,195.88 crore, a rise of 7.52% compared to ₹12,272.99 crore in FY25. In Q4 FY26, the net consolidated income saw a slight decline of 1.75%, amounting to ₹4,618.59 crore, down from ₹4,700.86 crore in the same quarter last year. However, profit after tax surged by 38.79%, hitting ₹253.51 crore compared to ₹182.66 crore…

IndustryLatest Stories

Ajmera Realty Net Profit Rises 18.93% to ₹149.79 Crore in FY26

NEW DELHI: Ajmera Realty & Infra India has reported an 18.93% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹149.79 crore in FY26, compared to ₹125.95 crore in FY25, according to a filing with the BSE. The company’s total net consolidated income was ₹1,098 crore for FY26, showing a 45.80% growth from ₹753.11 crore in FY25. In Q4 FY26, the net consolidated income surged by 181.30% to ₹439.93 crore, up from ₹156.39 crore in the same quarter last year. Profit after tax also saw a significant growth of 119.94%, rising to ₹55.60…

IndustryLatest Stories

Shriram Properties’ Net Profit Rises 30.41% to ₹100.81 Crore

NEW DELHI: Shriram Properties Limited (SPL) has announced a 30.41% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹100.81 crore, up from ₹77.30 crore in FY25, as per a BSE filing. The company’s total consolidated income for FY26 was ₹1,356.93 crore, representing a 39.40% increase from ₹973.38 crore in FY25. For Q4 FY26, SPL’s total consolidated income rose by 55.02% to ₹662.73 crore, compared to ₹427.51 crore in the same quarter last year. The profit after tax for Q4 FY26 increased by 64.77% to ₹78.53 crore, up from ₹47.66 crore in the…