24 Nov 2022

Earlier this week, two parties along with Kolte Patil Developers settled a case with SEBI regarding alleged violations or listing and disclosure regulations. Kolte Patil is said to have paid a sum of Rs 42 lac while G L Vishwanath and Manasa Vishwanath have paid Rs 10 lac each. This comes in light of a decision made by the parties involved to settle the alleged violations of the LODR Regulations without admitting or denying the findings through a settlement order.Read more

22 Nov 2022

Tata Housing has launched a new phase of their mixed development township project Tata New Haven near Tumkur Road, Bengaluru. The entire project is situated on a twenty-five-acre land parcel comprising of thirty-five towers in total. The new phase will have a combination of 10, 12 and 14 storey towers and contain more than 400 residential units. Four towers have already received their occupancy certificates (OC).Read more

21 Nov 2022

Disgruntled homebuyers of Kalpataru township project Immensa in Kolshet Thane, staged a protest outside the company’s head office in Santacruz earlier last week. More than fifty individuals gathered during the day with placards and demanded an explanation for the extended delay in handing over possession of the flats. Two senior representatives of the company supposedly met the protesters to address their concerns and put them at ease. As per the MahaRERA website, the project is now scheduled to be delivered in 2025.Read more

21 Nov 2022

Inner Circle, a project undertaken by SILA in collaboration with JCK group and Top-Notch Realty has received its occupancy certificate. The project achieved record sales within three years of launching in 2019, selling over 95 per cent of its inventory even before completion. Located in the Saral neighbourhood of Alibaug, the project is situated on a 7-acre plot of land, Phase two is scheduled to begin in early 2023. It will span across 3 acres and include more than 40 units.Read more

18 Nov 2022

Mumbai based Supreme Universal has announced a pre-launch of its ambitious Supreme Villagio project in Somatane, Pune. The luxury residential development will be situated in what is considered to be Pune’s greenest neighbourhood, with affluent localities such as Hinjewadi, Baner, PCMC and Talegaon close by. The project will span across 16 acres of land on a parcel located approximately 600 meters above sea level and include a host of amenities to give residents a feeling of living in a resort that they can call home.Read more

18 Nov 2022

Bengaluru based Puravankara has declared a net consolidated loss after tax of Rs 17.22 crores for the quarter ending September 30, 2022. Its profit after tax (PAT) for the same quarter was Rs 253 crores indicating a dip of almost 7 per cent when compared to the same period of the last fiscal year. The company has paid a final dividend of Rs 5/- per equity share for the fiscal year ending March 31, 2022, in September 2022 as authorized by the shareholders during the general meeting conducted in September 2022.Read more

17 Nov 2022

Bengaluru based Sobha Limited, has declared its earnings after tax (PAT) to be Rs 19.20 crore, indicating a dip of almost 70 per cent from Rs. 63 crores in the equivalent quarter of the previous fiscal year. The company's net consolidated income in the second quarter of FY23 was Rs 690.60 crore, down 11.52 percent from Rs 780.40 crore in the same quarter of FY22. Although profits dipped, the company claims to have had the highest-ever quarterly sales value of Rs 11.64 billion and the greatest operational revenue of Rs. 13.36 billion. The company also achieved an all-time sales price high of Rs 8,709/- per square foot.Read more

16 Nov 2022

In a BSE filling, during the three months that concluded on September 30, 2022, Prestige Estates Projects has declared a net consolidated income from operations of 1,475 crore rupees in Q2 FY23, up by almost ten percent the same period in the last fiscal year. Its profit after tax (PAT) stood at 149 crore rupees as opposed to 96 crore rupees it had recorded in the same quarter of the previous fiscal.Read more

16 Nov 2022

As per reports published, Godrej Properties Ltd posted a net consolidated income of Rs 369.20 crore in Q2 FY23, up 10.47% from Rs 334.22 crore it earned in the same quarter the previous year. The company said in a BSE filing that its profit after tax increased to Rs 67.03 crore in Q2 FY23 from Rs 35.73 crore in the equivalent period of the previous fiscal year.Read more

16 Nov 2022

Bengaluru based Prestige Group is gearing up to complete and deliver their most ambitious project to date, the 32-acre Prestige Jindal City in Bengaluru. In a recent press release the company announced the launch of new projects in Bengaluru and Cochin. Prestige Willow Tree in Vidyaranyapura, Bengaluru will be a 6-acre residential complex and a 28-acre plotted land project called Prestige Park Drive will be developed in two phases near Bengaluru's Kempegowda International Airport. Prestige Hillside Gateway located in Kakkanad, Cochin will comprise of 4-bedroom luxury villas and 1 to 4 bedroom flats.Read more