D Thara, additional secretary, Union Ministry of Housing & Urban Affairs emphasized on the need for looking beyond developing the buildings and housing complexes and aim for integrated infrastructure management in order to achieve a sustainable habitat.
NEW DELHI: Real estate developer Kalpataru Ltd, which will launch Rs 1,590-crore IPO next week, sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in 2023-24, according to its updated red herring prospectus (RHP) filed with Sebi. The latest document has updates till the third quarter of the 2024-25 fiscal only. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also into the redevelopment of societies. The company has fixed a price band of…
NEW DELHI: Embassy Developments (EDL) has raised ₹10.6 billion through the conversion of unlisted warrants into equity shares by the promoter group and Blackstone Real Estate Fund. As part of the transaction, Bellanza Developers, a promoter group entity, was allotted five crore equity shares for a total investment of ₹4.15 billion, while NCL SG Holdings, a fund managed by Blackstone Real Estate, received 7.7 crore shares against an investment of ₹6.45 billion. “This infusion of capital strengthens our balance sheet and our ability to scale operations while creating sustained value for all stakeholders,” said Sachin Shah, CEO & executive director…
NEW DELHI: Max Estates has reported net consolidated profit after tax of ₹13.99 during the quarter ended March 31, 2025. It had registered loss after tax of ₹4.73 in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s net consolidated total income stood at ₹77.30 crore in Q4 FY25, a growth of 100.52 per cent from ₹38.55 crore it recorded in the similar quarter last year. Sahil Vachani, vice chairman & MD of the company said, “In FY25, we exceeded our full-year guidance, achieving pre-sales booking value of over ₹5,300 crore. We plan…