NEW DELHI: Realty company Kalpataru Ltd announced a consolidated net loss of Rs 49.42 crore for Q1 of the current fiscal year.
In the same period last year, the net loss was Rs 0.69 crore.
For the April-June quarter of 2025-26, total income decreased to Rs 456.78 crore from Rs 544.67 crore year-on-year, as per a regulatory filing.
Kalpataru Ltd, which recently got listed on stock exchanges, is recognized as a prominent real estate developer in the nation.
BATHINDA: Several pro-environment organizations and activists have voiced strong objections to the proposed Punjab Unified Building Rules, 2025, likening them to a land-pooling policy. They contend that the draft favors builders over the general public by granting developers extensive powers. These organizations argue that Punjab’s residents are opposed to congested, unsafe, and unlivable urban areas. They express concerns that provisions for unlimited floor area ratio (FAR), increased population densities, habitable basements, commercializing residential spaces, relaxed fire safety standards, and loss of green areas will lead to concrete jungles. They believe that the proposed rules prioritize developer profits at the expense…
Representative image created by AI MUMBAI: The BMC’s building proposal department should implement a professional safety license for Licensed Safety Officers (LSOs) for each high-rise development in the city. The special safety control guidelines recommended by a committee, as directed by the Bombay High Court, were approved by the state government and sent to the BMC on August 20. In 2022 and 2023, there were incidents involving tower cranes that affected pedestrians. On February 14, 2023, a tragedy occurred at a residential construction site where concrete blocks fell from the 42nd floor onto an adjacent road, resulting in the deaths…
NEW DELHI: State-owned NBCC Ltd projects its revenue to reach approximately Rs 25,000 crore by 2027-28, which would be more than double its earnings from the previous financial year, bolstered by a substantial order book totaling Rs 1.2 lakh crore. The company, engaged in project management consultancy (PMC) and real estate, offered these insights during a recent conference call with analysts. They outlined revenue forecasts, stating, “This year, we expect Rs 14,000 crore to Rs 15,000 crore. Next year, it will likely be between Rs 18,000 crore and Rs 19,000 crore, and by 2027-28, around Rs 25,000 crore.” For the…
