October 2024

[ad_1] Representative image PANAJI: Bhutani Infra’s project at Sancoale exposes the complete breakdown of governance with respect to irregular land conversions and bypassing of building regulations, said Goa Bachao Andolan (GBA). It also said that mega housing projects are receiving clearances due to the collusion of departments, apathy, ignorance, and corruption. The GBA demanded the […]

[ad_1] NEW DELHI: Prestige Estates Projects has acquired 17.45 acres of land in Whitefield, Bengaluru. The cost of acquisition is around Rs 462 crore. The acquired land will be planned for residential development spanning approximately 2.68 million sq ft of developable area. It acquired 25% equity stake in K2K Infrastructure India for cash consideration of

[ad_1] Representative image NEW DELHI: Real estate tycoon Abhishek Lodha and family on Monday pledged to transfer shares worth around Rs 20,000 crore in their listed entity Macrotech Developers to the group’s philanthropic initiative, taking a leaf out of the Tatas. Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the

[ad_1] Representative image KOLKATA: Merlin Group, Kolkata’s largest real estate developer, is currently executing projects worth Rs 20,000 crore, which are expected to double its annual revenue over the next 7-8 years, a senior official said on Monday. The announcement coincided with the unveiling of the company’s new brand identity. “We have been growing steadily

[ad_1] NEW DELHI: Anant Raj has reported a growth of 75 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 105.65 crore as against Rs 60.37 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE

[ad_1] Representative image NEW DELHI: The real estate sector contributed over 17% of qualified institutional placements (QIP) issuance across sectors, or Rs 12,801 crore of a total of Rs 75,923 crore, according to a report by Anarock. After renewable energy, real estate is the second highest among all sectors to raise funds through QIP so

[ad_1] NEW DELHI: Ajmera Realty & Infra India has reported a growth of 58.26 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax (before non controlling stakes) stood at Rs 36.29 crore as against Rs 22.93 crore it registered in the corresponding quarter of the previous

[ad_1] Representative image JAIPUR: Responding to calls from the industry, RIICO has decided to make provisions for the direct allotment of land in select industrial areas for faster development of industrial projects. The current practice of land auctions, which increases prices, has been widely criticised and is often cited as the major roadblock behind Rajasthan‘s

[ad_1] NEW DELHI: Max Estates, the real estate arm of the Max Group, has reported net consolidated loss after tax of Rs 1.38 crore during the quarter ended September 30, 2024. It registered loss after tax stood at Rs 4.51 crore in the corresponding quarter of the previous fiscal, the company said in a BSE