Construction

Bengaluru-based real estate firm Brigade Enterprises on August 5 reported that its profit in the April to June quarter of the current fiscal year grew nearly four-fold to ₹81 crore from ₹22 crore in the year-ago period. Brigade Enterprises Limited’s net profit up four times to ₹81 crore in Q1 FY25(Brigade Enterprises Limited) The company’s consolidated revenue from operations grew...

Mumbai-based listed real estate developer Keystone Developers, also known as Rustomjee Group, on August 5 reported an almost 45% fall in profit from ₹47 crore in Q1FY24 to ₹26 crore in the June quarter of FY25. Mumbai-based listed real estate developer Keystone Developers, also known as Rustomjee Group, on August 5 reported an almost 45% fall in profit from ₹47 crore in Q1FY24 to ₹26...

Aug 05, 2024 05:16 PM IST No material impact on company’s operations was witnessed, Sobha Ltd said in an exchange filing on August 5 Bengaluru-based real estate firm Sobha Limited’s IT infrastructure was hit by a ransomware attack on August 4, the company said in a regulatory filing. Ransomware attack hits Bengaluru-based Sobha Limited’s IT systems (Representational...

Bengaluru led leasing by Global capability centres (GCCs) in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 (Representational photo)(Pexels) According to the report, GCCs leased nearly 53 million square feet of office space across the six...

Sanjeev Jain, Managing director and CEO of Parsvnath Developers Private Limited and a resident of DLF Phase-2, Gurugram, was taken into custody by Delhi Police on August 3 following warrants issued by the National Consumer Disputes Redressal Commission (NCDRC). A Parsvnath Developers project in Gurugram. (HT Archive) The consumer commission had issued warrants against him on July 18 after...

Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024 doing away with the indexation benefits on long-term capital gains (LTCG) on sale of property. Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024-2025 doing away with the indexation benefit on long-term capital gains (LTCG) on sale of property. (Picture for representational...

Sanjeev Jain, the chief executive officer and managing director of Parsvnath Developers, was arrested by Delhi Police at the Indira Gandhi international airport after a 60-kilometre chase. Sanjeev Jain, CEO of Parsvnath Developers, was arrested by Delhi police at the Indira Gandhi airport after a 60 km chase(parsvnath developers ) Sanjeev Jain fled when a team of the Delhi Police arrived to...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has now made it mandatory for real estate developers to mention the delivery date of amenities and the occupation certificate in the agreement for sale. The order is effective from July 30, 2024. MahaRERA has made it mandatory for real estate developers to mention the delivery date of amenities and the occupation certificate in the...

Our bedroom at home has got mould blackening the walls. It crept up unobtrusively just after the monsoon rains hit. Repairs were ruled out till the wet season was officially over and we have resigned ourselves to temporarily living with this thing that looks evil and menacing – something straight out of Upside Down in an episode of Stranger Things. Leakage in roofs and ceilings, drainage...

“With the sky-high rents and security deposits, not to mention the shortage of decent rental properties, it makes more sense to purchase than rent a house in Bengaluru,” said Priyakshi Sharma, a 29-year-old software engineer presently settled in East Bengaluru’s Whitefield area. Demand for 1 BHK homes is gaining ground among millennials in Bengaluru (Representational photo)(Pexels)...