Category: Latest Stories

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IndustryLatest Stories

Embassy Developments reports ₹872.47 crore net loss in FY26

NEW DELHI: Embassy Developments has announced a net consolidated loss after tax of ₹872.47 crore for the financial year 2025-26. In contrast, it reported a profit after tax of ₹193.63 crore in FY25, according to a BSE filing. The company’s total consolidated income for FY26 was ₹1,905.12 crore, reflecting a decline of 25.20% from ₹2,546.97 crore in FY25. In Q4 FY26, the net consolidated total income fell by 65.57%, amounting to ₹407.20 crore, compared to ₹1,182.61 crore in the same quarter the previous year. The loss after tax for Q4 FY26 was ₹323.43 crore, in contrast to a profit after…

CommercialLatest Stories

Indiqube Spaces Reports ₹106.34 Crore Net Loss in FY26

NEW DELHI: Indiqube Spaces reported a post-tax loss of ₹106.34 crore for the financial year 2025-26. According to a BSE filing, the company’s total income for FY26 was ₹1,527.51 crore. In the fourth quarter of FY26, the total income reached ₹425.71 crore, with a loss after tax of ₹22.65 crore. Co-founder Meghna Agarwal stated, “Our presence now spans 17 cities, encompassing 130 properties and over 9.66 million sq ft of office space. We added 28,000 seats throughout the year, maintaining a consistent occupancy rate of 88%.” The debt-to-equity ratio improved to 0.08 in FY26, down from 0.9 in FY25. The…

IndustryLatest Stories

Arvind SmartSpaces FY26 Net Profit Falls 13.22% to ₹103.41 Cr

NEW DELHI: Arvind SmartSpaces has announced a 13.22% decrease in its net consolidated profit for the financial year 2025-26. The profit after tax fell to ₹103.41 crore compared to ₹119.16 crore recorded in FY25, according to a filing with the BSE. The net consolidated total income for FY26 was ₹584.47 crore, reflecting a 20.49% decline from ₹735.11 crore in FY25. In Q4 FY26, the net consolidated total income dropped 6.09% to ₹163.53 crore from ₹174.14 crore in the same quarter last year. However, profit after tax surged by 102.94% to ₹44.16 crore compared to ₹21.76 crore in the previous fiscal’s…

CommercialLatest Stories

India’s Office Boom Hides a Key Carbon Issue Beyond Buildings

Representative AI image NEW DELHI: The commercial office market in India is expanding at an unexpected rate, with leasing across six major cities surpassing 75 million square feet in 2025, a significant increase from 32 million square feet in 2020, representing a compounded annual growth rate of 19%. Yet, this rapid growth brings a hidden, pressing concern: the carbon footprint associated with outfitting and refurbishing these offices every five to seven years. A recent research report by Savills India indicates that interior fit-outs, often overlooked in discussions about green buildings, may equal or exceed the embodied carbon emissions of the…

Latest StoriesRera

Telangana RERA Chairman N Satyanarayana Resigns for Health Reasons

HYDERABAD: N Satyanarayana, Chairman of the Telangana Real Estate Regulatory Authority, has stepped down due to health issues stemming from prolonged bench hearings and administrative duties. He reported that daily hearings lasting up to five hours have led to severe back pain and other health complications, necessitating ongoing physiotherapy and medical care in recent weeks. “While resigning is difficult, it is necessary for my health,” Satyanarayana told PTI, calling his role as TG-RERA Chairman one of the most demanding yet rewarding experiences of his four-decade public service career. Throughout his three years in office, the retired IAS officer noted that…

Latest StoriesRegulatory

IBBI Unveils Guidelines to Faster Appoint Insolvency Pros

NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has released new guidelines for the empanelment of insolvency professionals, facilitating faster appointments in corporate insolvency and bankruptcy cases. These guidelines detail the procedure for creating a panel of insolvency professionals (IPs) to serve as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs), and bankruptcy trustees (BTs). In a circular issued on Monday, it was stated that applicants for empanelment must not be under suspension or debarment, nor engaged in any pending disciplinary actions. They must also declare if they have faced any criminal convictions in the last three years.…

Latest StoriesRegulatory

PMAY Scam: Lokayukta Uncovers ₹29 Crore Fake Billing in Belagavi

BELAGAVI: The Karnataka Lokayukta conducted raids on Tuesday after initiating a case against officials from the Karnataka Slum Development Board and a private contractor. This investigation pertains to alleged significant irregularities and fraudulent billing related to the Pradhan Mantri Awas Yojana (Urban) 2022 in Ramdurg, Belagavi district. Lokayukta teams executed simultaneous raids at several locations, including Slum Board offices in Hindalga (Belagavi), Shambulingappa’s residence in Hubballi, and the NPCC office in Bengaluru. The residences of individuals such as Girimallappa Jogur, Kiran Hosakoti, and Rindanagouda Shekargouda Patil in Vijayapura and Bagalkot districts were also searched. Key documents were seized, and further…

IndustryLatest Stories

Pune: Property Prices May Jump ₹250-300/SQ FT Amid Supplier Hike

PUNE: Homebuyers in Pune may face rising property prices following a proposed rate hike by ready-mix concrete (RMC) suppliers for various concrete grades on May 9. Experts suggest that this increase could elevate construction costs by Rs 250-300 per square foot. “While some developers may absorb part of the costs for ongoing projects, new launches will likely pass the added burden on to buyers,” commented Nitin Deshpande, president of the Marathi Bandhkam Vyavasayik Association. The Pune RMC Association previously halted operations on April 16 due to coordination issues with the Maharashtra Pollution Control Board (MPCB), Pune Municipal Corporation (PMC), and…

Latest StoriesResidential

Jaipur: Ramganj Residents Frustrated by Unsafe Building Delays

JAIPUR: A five-storey building in Jagannath Shah Ka Rasta, Ramganj area, poses more than just a safety risk for local residents. What began as a precautionary evacuation due to cracks in the pillars has escalated into a daily challenge for families in the vicinity. On Monday, frustrations reached a boiling point as residents protested at the Kishanpol Zone office, seeking urgent action. The building was evacuated after its pillars showed signs of damage, leading the Jaipur Municipal Corporation (JMC) to barricade the area and evacuate nearby homes as a precaution. However, after eight days, residents remain in limbo with no…

IndustryLatest Stories

Chandigarh’s Freehold Initiative to Unlock Crores in Properties

CHANDIGARH: The Chandigarh administration has taken significant steps to convert leasehold industrial and commercial plots to freehold ownership, a move expected to unlock properties valued at hundreds of crores, enhance revenue, and improve the ease of doing business. The Punjab governor and UT administrator, Gulab Chand Kataria, has approved a comprehensive proposal, which has now been sent to the Ministry of Home Affairs (MHA) for final approval. A senior MHA official commented, “The ministry is currently reviewing the proposal from UT Chandigarh.” This development follows earlier indications from the administrator that the matter was being considered. Will This Attempt Succeed?…