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IndustryLatest Stories

RIICO Receives 800 Applications for 465 Plots in Rajasthan

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots across approximately 294 acres, valued around Rs 550 crore. These plots are available under RIICO’s direct allotment scheme aimed at MoU holders from the Rising Rajasthan investment summit. Officials reported that the Kankani Industrial Area in Jodhpur saw the highest number of applications, totaling 267. To enhance occupancy rates in less utilized industrial zones, RIICO has revised its flexible land lease and rental policies. According to the new provisions, industrial plots in areas that achieved less than 25%…

IndustryLatest Stories

Hyderabad: Thorrur Plot Auctions for ₹45,000 per Sq Yard

Representative image HYDERABAD: The recent auction of open plots in Thorrur and Bahadurpally garnered significant interest, with bids reaching Rs 45,500 per square yard in Thorrur and Rs 40,500 in Bahadurpally. The Rajiv Swagruha Corporation held an auction for 85 open plots across various locations on Monday. Of these, 66 were auctioned in Thorrur, 11 in Kurmalguda, and eight in Bahadurpally, attracting around 150 bidders. VP Gautam, managing director of the corporation, noted that the auctions were well-received. Given Thorrur’s proximity to the Outer Ring Road and the Adibatla IT corridor, some bids reached as high as Rs 45,000 per…

Latest StoriesRegulatory

Mohali Officials Hand Over Records in ₹150 Crore CLU Fraud Probe

MOHALI: On Monday, two senior officials from the Greater Mohali Area Development Authority (GMADA) attended a session with the Enforcement Directorate (ED) in Jalandhar as part of a Rs 150 crore money laundering investigation linked to significant real estate projects in Mohali. GMADA’s Chief Administrator, Sandeep Kumar, revealed that he did not attend the meeting personally, but that two representatives—including the District Town Planner (DTP) and a superintendent—were sent to provide all necessary documentation pertaining to the case. The officials presented a comprehensive set of records requested under the Prevention of Money Laundering Act (PMLA). The ED is probing the…

InfrastructureLatest Stories

Haryana Cabinet Greenlights Revised Gurugram Metro Costs

CHANDIGARH: On Monday, the Haryana Cabinet sanctioned a revised budget for the Gurugram Metro project, which includes supplementary reports on integration with the Rapid Metro and the spur to Gurugram Railway Station. Funding for the soft loan aspect of the project will be sourced from the World Bank. This decision is a pivotal advancement towards enhancing urban transportation infrastructure in Gurugram, expediting the long-awaited metro connectivity from Millennium City Centre to Cyber City, according to an official statement following the state cabinet meeting. The cabinet, presided over by Chief Minister Nayab Singh Saini, reviewed a detailed project report (DPR) for…

InfrastructureLatest Stories

Uttar Pradesh Cabinet Okays Land Transfer for Agra Metro Expansion

LUCKNOW: The Uttar Pradesh Cabinet, led by Chief Minister Yogi Adityanath, has approved the allocation of land for metro stations and viaduct sections under Corridor-II of the Agra Metro Rail Project, officials announced on Monday. This initiative, aimed at enhancing the Agra Cantt-Kalindi Vihar metro corridor, was confirmed during a Cabinet meeting held at Lok Bhavan. State Higher Education Minister and Agra South MLA, Yogendra Upadhyay praised this decision as a significant benefit for Agra’s residents. He pointed out that the new metro corridor would alleviate traffic congestion, reduce travel time, and encourage environmental sustainability. He emphasized that the Adityanath…

IndustryLatest Stories

Puravankara Reports ₹56.75 Crore Net Profit for FY26

NEW DELHI: Puravankara has reported a net consolidated profit after tax of ₹56.75 crore for the financial year 2025-26, a significant turnaround from the loss of ₹182.92 crore reported in FY25, according to a filing with the BSE. The company’s net consolidated total income reached ₹3,846.42 crore in FY26, marking an impressive growth of 83.76% compared to ₹2,093.13 crore in FY25. In Q4 FY26, the net consolidated total income surged by 173.37%, amounting to ₹1,540.99 crore, compared to ₹563.70 crore in the same quarter of the previous year. The profit after tax for Q4 FY26 was ₹109.95 crore, recovering from…

CommercialLatest Stories

Table Space adds 5 lakh sq ft in Hyderabad; TEC expands 4.65 lakh sq ft in South India

Sure! Here’s a rewritten version of the content: NEW DELHI: Table Space, a flexible workspace provider, has significantly expanded its Hyderabad presence with an addition of over five lakh sq ft of managed office space in HITEC City and Kokapet. The company has secured a lease for four lakh sq ft at Grava Business Park to offer managed workspaces and ready-to-occupy suites. Additionally, they have leased 50,000 sq ft at K. Raheja Mindspace IT Park, conveniently located near the Raidurg Metro Station, and 48,000 sq ft at Aparna Technopolis near the HITEC City Metro Station. In other news, The Executive…

Latest StoriesRegulatory

Mumbai Builder Arrested for Illegally Selling SRA Flats

MUMBAI: The Economic Offences Wing (EOW) of the city police has apprehended builder Sohail Abdullah Dukka for unlawfully selling flats within a slum redevelopment initiative in Jogeshwari. The case emerged from a complaint by Mohammad Momin, who accused Dukka of misappropriating substantial funds while being a partner in Unique Developers, the company tasked with the “One Jogeshwari” Slum Rehabilitation Authority (SRA) project at Behram Baug, Jogeshwari West. Dukka is currently in custody for another case registered at the MIDC police station. He faces allegations of selling approximately 10 flats independently in the project between 2023 and December 2025 at rates…

IndustryLatest Stories

Gujarat to Boost Services Sector with New GCC Policy

NEW DELHI: Union Home Minister Amit Shah emphasized the need for Gujarat to enhance its services sector and develop infrastructure that supports high-skilled jobs in emerging industries. Shah stated that while Gujarat boasts a robust foundation in manufacturing, engineering, pharmaceuticals, ports, logistics, green energy, industrial infrastructure, and investments, it’s crucial for the state to boost its competitive edge against cities like Bengaluru, Hyderabad, Pune, and Gurugram in the services sector. He highlighted the importance of technology parks and the related infrastructure for Ahmedabad as it aims to attract businesses in sunrise sectors. According to Shah, sectors such as artificial intelligence,…