Tag
Real Estate / Construction
83 articles
Real estate and construction companies are navigating a complex landscape of legal challenges, strategic shifts, and financial adjustments. Several entities are facing regulatory scrutiny and legal appeals, including Vikash Towers, Three C Properties, and Kalpataru's subsidiary, highlighting ongoing risks within the sector. Meanwhile, Lodha is transitioning to audited revenue reporting, signaling a focus on greater transparency, while Sobha reported record Q1 sales, demonstrating robust demand. These developments suggest a sector undergoing both restructuring and continued growth, with investors needing to carefully assess legal and financial risks alongside positive sales momentum.
Vikash Towers Appeal Dismissed for Default
Court dismissed appeal of Vikash Towers Private Ltd due to lack of representation.
State of West Bengal was represented while the appellants were absent.
Earlier hearing on 19 June 2026 also had no ap
Lodha Shifts to Audited Financials Reporting
Lodha announces transition to audited revenues and PAT as primary performance metrics, discontinuing quarterly operating pre-releases.
The company will report audited financials with quarterly results
Three C Properties RP Appeals Against NOIDA in NCLAT
Resolution Professional for Three C Properties files appeal against NOIDA and others at NCLAT.
NCLAT issues notice, sets timelines for reply and rejoinder filings in the insolvency appeal.
The appeal
Ansal API Director Kanta Devi Surrenders Duplicate DIN
Ansal Properties & Infrastructure Ltd intimated the surrender of Director Kanta Devi's duplicate DIN 08682540 as per Regional Director order.
Kanta Devi was appointed as Non-Executive Woman Director i
EPACK Prefab Allots 2,157 ESOP Shares
EPACK Prefab's committee allotted 2,157 equity shares via ESOP exercise on July 04, 2026.
The allotment increases paid-up capital to ₹20.13 crore divided into 10.06 million shares.
The company receive
Lotus Developers Completes ₹4.91 Crore Subsidiary Investment
Sri Lotus Developers completed a ₹4.91 crore investment by acquiring 49.1 lakh equity shares across three wholly-owned subsidiaries.
The shares were allotted on July 4, 2026, at ₹10 per share via righ
Kalpataru Subsidiary Loses ₹9.2 Crore Tax Appeal
Kalpataru discloses CIT(A) order dismissing subsidiary Abacus Real Estate's appeal for AY 2013-14.
Net tax demand sustained is ₹9.20 crore after adjusting for ₹6.24 crore already paid.
Company states
Kolte-Patil Developers 35th AGM Notice and Resolutions
Kolte-Patil Developers will hold its 35th Annual General Meeting virtually on 27 July 2026 to consider ordinary and special business resolutions.
Key resolutions include re-appointment of independent
Godrej Properties Receives CGRERA ₹10 Lakh Penalty
Godrej Properties received a penalty order of ₹10 lakh from Chhattisgarh RERA for alleged advertising violation.
The penalty relates to third-party advertisements for 'Greenvale Estate' project before
Everest Industries Subsidiary Withdraws Rs 125 Crore CAPEX
Everest Industries Ltd's subsidiary ESBPL withdraws its Rs 125 crore CAPEX plan for a new manufacturing facility in Andhra Pradesh.
The subsidiary will surrender the allocated land back to APIIC, havi
Sobha Q1 FY27 Sales Hit Record ₹36.56 Billion
Sobha Limited achieved its highest-ever quarterly sales value of ₹36.56 billion with 2.34 million square feet sold in Q1 FY27.
Bangalore contributed 56.5% of total sales at ₹20.67 billion while NCR re
Prozone Realty Completes 17.5% Gajaanan Property Acquisition
Prozone Realty successfully completed acquisition of 17.507% stake in Gajaanan Property Developers from Festival Valley Developers.
The transaction was finalized on July 3, 2026, as disclosed under SE
Sri Lotus Developers Invests ₹4.91 Crore in Subsidiaries
Sri Lotus Developers' Executive Committee approved a ₹4.91 crore investment in three wholly-owned real estate subsidiaries via a rights issue on July 3, 2026.
The investment of ₹99 lakh, ₹2.96 crore,
Advent Hotels Sells 50% ACHIL Stake for ₹504 Crores
Advent Hotels executed an investment agreement for Prestige Estates to acquire a 50% stake in subsidiary ACHIL for ₹504 crores.
ACHIL ceases to be a wholly-owned subsidiary and becomes a 50:50 joint v
NBCC Wins ₹132.28 Crore Project Orders
NBCC (India) Ltd awarded three new project management consultancy contracts totaling ₹132.28 crore.
Two orders worth ₹55.46 crore each from Navodaya Vidyalaya Samiti for constructing permanent campuse
Bans Bahadur Jaiswal Withdraws SL Petition
Supreme Court heard Special Leave Petition No. 22473/2026 filed by Bans Bahadur Munni Jaiswal against MHADA on 3 July 2026.
Petition arose from a High Court judgment dated 17 June 2026 in AFO No. 581/
Lake Shore Realty Postal Ballot Approves Three Resolutions
Lake Shore Realty shareholders approved three special resolutions via postal ballot, results declared on July 3, 2026.
Narendra Kumar Verma was appointed as an Independent Director for a five-year ter
Shankara Buildpro AGM Approves Dividend, Director Remuneration
Shankara Buildpro held its 3rd AGM on July 2, 2026, approving all seven resolutions including final dividend declaration.
Shareholders approved reappointment of director C. Ravikumar and remuneration
3P Land Holdings 61st AGM on August 1, 2026
3P Land Holdings will hold its 61st Annual General Meeting virtually on August 1, 2026 at 11:00 AM IST.
The Register of Members and Share Transfer Books will be closed from July 24 to August 1, 2026 f
Saffron Industries FY26 Net Profit ₹15.74 Crore
Saffron Industries submitted clarification to BSE regarding inadvertent omission of pages in PDF attachment of standalone financial results for Q4/FY26.
Board approved audited standalone financial res
Aditya Birla Real Estate 129th AGM Notice
Aditya Birla Real Estate Limited notifies shareholders of its 129th Annual General Meeting scheduled for July 27, 2026.
Company provides web-link and QR code for Integrated Annual Report FY2025-26 to
Nesco 67th AGM Notice with Dividend Declaration
Nesco Limited convenes its 67th Annual General Meeting on 27 July 2026 to adopt FY26 financial statements and declare a dividend of ₹7.00 per share.
Shareholders to vote on re-appointing Mrs. Sudha S.
Velan Hotels Sells Tirupur Property for ₹37.16 Crore
Velan Hotels Ltd completed the sale of its Tirupur hotel property to J.P. Associates Asia Pacific Private Ltd on July 2, 2026.
The total sale consideration was ₹37,16,02,048, subject to applicable TDS
Sikozy Realtors 90% Share Capital Reduction Registered
Sikozy Realtors received ROC registration for NCLT-approved 90% capital reduction scheme effective July 2, 2026.
Paid-up equity capital reduced from ₹4.45 crore to ₹44.58 lakh by canceling 4,012,470 s
Max Estates Q1 Pre-Sales Surge 5x to INR 1,100 Crore
Max Estates reported Q1 FY2027 pre-sales of ~INR 1,100 crore, a 5x increase year-over-year from Q1 FY2026.
The company sold 487 units across Noida and Gurugram projects and achieved collections of ~IN
Arvind SmartSpaces Seeks Shareholder Nod for RPTs, Loans
Arvind SmartSpaces Limited seeks shareholder approval via postal ballot for four resolutions, including a special resolution for loans/guarantees/investments up to ₹2,000 crore.
Three ordinary resolut
Supreme Court Dismisses SLP of Rodrigues Estate
Supreme Court heard SLP No. 26874/2019 on 2 July 2026, filed by the estate of late Helena Rodrigues against Gundecha Builders.
The bench, comprising Justices Manmohan and K. Vinod Chandra, held that n
Marathon Subsidiary Secures ₹450 Crore Versova Redevelopment
Marathon's subsidiary Sunset Spaces executed a development agreement for its first society redevelopment project in Versova, Mumbai.
The project has an estimated Gross Development Value (GDV) of over
Tulive Developers Exit Offer at ₹750 per Share
Saffron Capital submits Exit Letter of Offer for Tulive Developers' delisting, providing a one-year exit window for residual public shareholders at ₹750 per equity share.
The delisting offer was succe
Tulive Developers Exit Offer at ₹750 Post Delisting
Tulive Developers Ltd. announces a one-year exit offer at ₹750 per share for remaining public shareholders following successful delisting from BSE.
The delisting process concluded with a reverse book-
Supreme Court Schedules Listing for Tarunika Gaur Appeal
Supreme Court heard Civil Appeal No. 6514/2026 between Tarunika Gaur Housing and Constructions Ltd and Arunima Palace Residents Welfare Association.
Notice of appeal was served on the respondent on 22
NCLT Adjourns Kalpita Builders Restoration Application Hearing
NCLT Mumbai adjourned hearing for restoration application in Kalpita Builders case to 24 August 2026.
Petitioner Geetaben A Patel was absent; tribunal granted one final opportunity for appearance.
Mat
Popat Property vs Kolkata Municipal: Affidavit Deadline
Petition for special leave to appeal (C) No.14418/2026 filed by MS Popat and Kotecha Property against Kolkata Municipal Corporation.
Court ordered respondents 1‑2 to file counter‑affidavit by 16 July
NCLT Grants Larica Estates Final Reply Opportunity
NCLT Kolkata Bench grants Larica Estates Ltd five days to file a reply affidavit in an insolvency petition.
The bench orders that failure to file will close the reply stage, with a rejoinder due five
NCLT Orders Bindra Builders Restoration with ₹1 Lakh Penalty
NCLT Indore allows petition to restore Bindra Builders & Contractors Pvt Ltd, struck off in 2017 for non-filing of statutory returns.
Restoration is granted due to an active ₹49.35 lakh decree from a
NCLT Kochi Adjourns Samson Builders Insolvency Hearing
NCLT Kochi Bench adjourned two interlocutory applications in the Samson and Sons Builders & Developers insolvency case due to a technical glitch.
IA(IBC)/222/KOB/2023 was adjourned to 17 July 2026 and
EVOS Buildcon Petition Withdrawn, Eviction Stay
The High Court of Odisha at Cuttack dismissed EVOS Buildcon Pvt. Ltd’s writ petition, allowing the petitioner to withdraw the case.
The court granted liberty to approach appellate authority within one
GNIDA Appeals Today Homes Insolvency Order
Greater Noida Industrial Development Authority files appeal against Today Homes & Infrastructure resolution professional.
NCLAT Principal Bench issues notice and schedules next hearing for July 16, 20
Country Condo's ₹30 Crore Preferential Issue Proposal
Country Condo's board to meet on July 9, 2026, to consider a preferential issue of equity shares worth up to ₹30 crores to non-promoters.
The board will authorize Vice-Chairmen Y. Siddharth Reddy and
Arihant Superstructures Clarifies NSE Financial Results Filing
Arihant Superstructures responded to NSE queries on financial result filing deficiencies and XBRL discrepancies.
The company confirmed it had resubmitted revised financial results in machine-readable
Ashiana Housing Receives ₹2.28 Lakh Income Tax Penalties
Ashiana Housing Ltd discloses receipt of two penalty orders from the Income Tax Department, Delhi, totaling ₹2,28,286.
A ₹2,08,286 penalty under Section 271C was levied for non-deduction and non-depos
DS Kulkarni Board Meeting on Acquisition and Appointment
Board meeting scheduled for July 7, 2026 to consider acquiring 100% equity stake in Moonbrick Realty Private Limited.
Agenda includes appointment of CS Rishika Verma as Company Secretary & Compliance
Supreme Court Rejects HGCL Infra LLP SLP
Supreme Court heard Special Leave Petition No.17902/2026 filed by HGCL Infra LLP and others against Bangalore Development Authority.
The bench, comprising Justices K.V. Viswanathan and Shree Chandrash
Arihant Acquires Chennai Land for ₹300 Crore Office Project
Arihant Foundations acquired over half an acre on Anna Salai, Chennai adjacent to Hyatt Regency for commercial development.
The company plans to develop a boutique Grade A office project with estimate
IITL Projects Confirms No Undisclosed Price Sensitive Info
IITL Projects Limited responds to a BSE inquiry regarding recent share price movement.
The company confirms full compliance with SEBI Listing Regulations and all material disclosures.
It states no kno
Majestic Auto Reports Exceptional FY26 Profits, Declares Dividend
Majestic Auto reported standalone profit of ₹114.18 crore driven by ₹122.8 crore subsidiary sale gain and ₹33.02 crore property sale.
Company declared total dividend of ₹60 per share including final ₹
NCLT Adjourns Aditya Propcon Insolvency Hearing
NCLT Jaipur Bench adjourns Section 7 IBC hearing for Aditya Propcon Pvt. Ltd. to July 2026.
Case involves financial creditor Sand Dune Constructions Pvt. Ltd. versus corporate debtor Aditya Propcon.
R
NCLT Guwahati Adjourns Saroj Realtors Hearing
NCLT Guwahati Bench adjourns hearing for TP No.16/GB/2016 to July 30, 2026.
Case involves petitioners Shital Jain & Others vs. Saroj Realtors & Developers Pvt. Ltd.
Petition filed under Sections 235,
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions on implementation.
Tribunal dismisses multiple intervention applications while directing t
NCLT Adjourns Piramal Capital vs Navigator Developers Hearing
NCLT Chennai adjourned hearing for Piramal Capital's insolvency petition against Navigator Developers to July 9, 2026.
Liquidator's counsel was present while erstwhile promoter's arguing counsel was u
NCLT Dismisses Amar Prakaash Developers Avoidance Applications
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal dismisses multiple avoidance applications, including RP's claim of Rs 1.62 crore
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal directs treatment of NHD Homes' Rs 17.13 crore claim as homebuyer in approved re
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with 96.71% CoC voting share and ₹259.86 crore plan value.
Plan provides ₹250 crore for secured creditors, ₹9 crore
NCLT Disposes Amar Prakaash Developers Homebuyer Claims
NCLT Chennai disposes two interim applications related to Amar Prakaash Developers' corporate insolvency resolution process.
Resolution plan approved by CoC with 96.71% voting share in meeting held on
NCLT Chennai Dismisses SBI Recall Applications in Amar Prakaash Insolvency
NCLT Chennai dismisses State Bank of India's applications seeking recall of its earlier order and condonation of 307-day delay in filing.
Tribunal approves resolution plan by Aadarsh Surana for Amar P
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal allows Dugar Finance's claim as secured financial creditor to be included in res
Arvind SmartSpaces Appoints Two Senior Executives
Arvind SmartSpaces appointed Bhasker Jain as Chief Business Officer MMR and Tarpit Patni as Head Legal, effective 1st July 2026.
Jai Kumar Ajbani resigned as Head Legal effective 30th June 2026, citin
Hampton Sky Realty Fined ₹1.71 Lakh by BSE
Hampton Sky Realty received a ₹1.71 lakh fine from BSE for failing to submit audited FY26 results by the regulatory deadline.
The penalty comprises a basic fine of ₹1.45 lakh plus GST of ₹26,100, as c
Prestige Estates Issues ₹450 Crore Corporate Guarantee
Prestige Estates Projects Ltd. disclosed issuing a corporate guarantee for subsidiary Prestige Projects Private Limited.
The guarantee of up to ₹450 crores secures a loan from Bajaj Housing Finance Li
Ashiana Housing Q1 FY27 Bookings INR 357.8 Crores
Ashiana Housing reported Q1 FY27 bookings of 3.61 lakh sq. ft. valued at INR 357.80 crores and 234 units.
The company acquired 28.55 acres in Pune for a senior living project with INR 1,800 crore sale
Siyora Infra Developers SLA Petition Withdrawn
Supreme Court heard SLA Petition No.14120/2022 filed by Siyora Infra Developers against Surender Reddy & others.
Petitioners requested withdrawal of the appeal; Court granted permission.
Petition dism
Landsmill Green Promoter Sells 2 Crore Shares
Landsmill Green Limited files a mandatory SEBI insider trading disclosure for a promoter/director.
Promoter Lakhmendra Khurana sold 2,00,00,000 equity shares on June 25-26, 2026.
His shareholding redu
Oberoi Realty 28th AGM Approves All Five Resolutions
Oberoi Realty's 28th AGM passed all five resolutions, including adoption of FY26 financials and a Rs 6000 crore capital raise.
Shareholders confirmed four interim dividends of Rs 2 per share each as t
Jamshri Realty Promoters Gift 62.89% Stake
Jamshri Realty promoters Premratan and Bimladevi Damani gift 4.39 million shares (62.89% stake) to son Rajesh Damani via off-market transfer.
The transaction is exempt from open offer requirements und
Man Infra Secures Tardeo 2.0 Approval for ₹2000cr Project
Man Infraconstruction secured Intimation of Approval for its Tardeo 2.0 luxury residential project in South Mumbai.
The project has an estimated Gross Development Value exceeding ₹2,000 crores and is
Univastu India Q4 FY26 Earnings Call on 26th June
Univastu India schedules Q4 FY26 earnings conference call for investors and analysts on 26th June 2026.
Chairman & MD Dr. Pradeep Khandagale and CFO Mr. Girish Deshmukh will represent the company on t
Globe International Carriers FY26 Audited Results
Board approved audited standalone and consolidated financial results for year ended March 31, 2026, showing consolidated revenue of ₹17,656.02 lakhs and net profit of ₹1,162.41 lakhs.
Acquired 51% sta
Landsmill Green Promoter Sells 5 Crore Shares via Gift
Promoter Lakhmendra Khurana disposed of 5 crore equity shares (3.54% stake) via inter-se transfer by gift to relatives on June 19, 2026.
His post-transaction holding reduced from 10.33% (14.58 crore s
Ansal Properties Board Approves Delayed Financial Results
Board approved multiple delayed quarterly financial results from Q3 FY25 through Q3 FY26, all previously submitted without approval due to insolvency proceedings.
Statutory auditors issued reports wit
Prestige Group and BACL Unveil Bengaluru Airport Convention Hub
Prestige Group partners with Bengaluru Airport City Limited to develop a landmark integrated convention and hospitality destination within Bengaluru Airport City.
The development includes a state-of-t
Embassy Developments Promoter Releases 2 Crore Share Pledge
Embassy Property Developments Private Limited, a promoter group entity, released a pledge on 2 crore equity shares of Embassy Developments Limited.
The pledge release transaction was valued at ₹117.26
Suraj Estate Developers FY26 Presales Up 23% to ₹615 Crores
Suraj Estate Developers held its Q4 FY26 earnings call, reporting a 23% YoY presales growth to ₹615 crores, exceeding its ₹600 crore guidance.
The company announced strategic acquisitions including an
Last Mile Enterprises FY26 Net Profit at ₹15.7 Crore
Board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2026, pursuant to SEBI Listing Regulations.
Consolidated FY26 revenue surged to ₹25,924.205 million w
Arihant Foundations FY26 Pre-Sales Up 28% to ₹514 Cr
Arihant Foundations reported FY26 pre-sales of ₹514 Cr, a 28% YoY increase, with total collections at ₹359.56 Cr.
Revenue for the year stood at ₹431.70 Cr, with EBITDA of ₹108.75 Cr and PAT of ₹58.97
Marathon Nextgen Realty Reports Record INR 206 Crore PAT
Marathon Nextgen Realty reported its highest-ever annual profit of INR 206 crore PAT for FY26, driven by strong operational performance.
The company raised INR 900 crore through QIP, deployed INR 340
EFC (I) Limited Submits Revised FY26 Financial Results
EFC (I) Limited submits revised audited consolidated financial results for Q4 and FY ended March 31, 2026 to correct a clerical error in the Investments line item.
The correction changes Investments f
Shradha Realty FY2026 Results: Profit ₹2,587 Cr, Dividend ₹0.60
Shradha Realty reported audited FY2026 standalone net profit of ₹2,587.44 crore and recommended a final dividend of ₹0.60 per share.
The Board reappointed CS Riddhita Agrawal as Secretarial Auditor an
NBCC Posts Investor Meet Recording for FY26 Results
NBCC held an investor meet on June 1-2, 2026 to discuss Q4 and FY26 financial results.
Video recordings of the meet are available on the company website and YouTube channel.
The disclosure confirms th
Aurum RealEstate Sells 0.06% Shriram Properties Stake
Shriram Properties files SEBI PIT Regulation 7(2) disclosure for Aurum RealEstate Developers' share sale.
Aurum RealEstate disposed of 100,000 equity shares (0.06% stake) between May 29 and June 2, 20
B-Right Realestate Revises Equity Lot Size to 200 Shares
B-Right Realestate Limited reduces trading lot size from 400 to 200 equity shares effective May 29, 2026.
Revision implemented by the Exchange pursuant to SEBI Listing Regulations to improve market li
Ketan Patel Acquires Arvind Smartspaces Shares via Open Market
Ketan Ratilal Patel and PAC Krishna Ketan Patel acquired 16 Arvind Smartspaces Ltd shares via open market purchase on 16/04/2026.
Their combined post-acquisition holding increased marginally to 26,15,
Arvind Smartspaces Promoters Acquire 60 Shares
Ketan Ratilal Patel and PAC Krishna Ketan Patel acquired 60 equity shares in Arvind Smartspaces Ltd via open market purchase.
The acquisition, executed on 16/04/2026, increases their combined voting r
DESCO Infratech Promoter Acquires 31.04% Stake Via Gift
Disclosure of an off-market inter-se transfer of 23,82,354 equity shares in Desco Infratech Limited by way of gift between immediate relatives.
Pankaj Pruthu Desai, a promoter, acquired the shares fro