Tag
Real Estate
22 articles
Real estate sector developments reveal a mixed landscape of legal challenges, asset sales, and financial performance. Court decisions regarding payment extensions and eviction appeals highlight ongoing disputes, while Indian Card Clothing's sale of a commercial property in Pune demonstrates asset divestment activity. Nesco's record revenue and expansion plans signal positive momentum, contrasting with Forbes & Company's revenue decline and subsidiary insolvency. These varied outcomes suggest that while some companies are experiencing growth and strategic shifts, others face financial headwinds and legal complexities, underscoring the need for careful evaluation of individual company fundamentals within the sector.
BDA Wins Dismissal of Payment Extension Petition
Karnataka High Court dismissed H Shivanna's writ seeking a three‑year payment extension for a 15 × 24 m site.
The court held that Rule 13(1)(a) of BDA's 1984 Allotment Rules, which limits extensions t
Budge Budge Co. Eviction Appeal Dismissed
Budge Budge Co. appealed a 2024 High Court decree ordering its eviction and payment of mesne profits to Calcutta Gujarati Education Society.
The court examined the 1973 lease, notices under the Transf
Indian Card Clothing Sells Pune Property for ₹13.2 Cr
Indian Card Clothing executed sale deed for 9,600 sq ft commercial property in Baner, Pune.
Property sold to Balaji Constro Realtech LLP for ₹13.2 crore consideration on July 3, 2026.
Transaction conf
Supreme Court Stays Paragraph 54 Directions in Parcela Real Estate Appeal
Supreme Court heard appeal 8720‑8721/2026 on 03‑07‑2026 involving Parcela Real Estate Pvt. Ltd. and Ganga Ram Agarwal RP & Anr.
Court ordered issuance of notice and tagging with appeal numbers 6878‑68
Forbes & Company FY26 Revenue Decline with Subsidiary Insolvency
Forbes & Company reported standalone revenue decline to ₹8,519 lakhs from ₹21,280 lakhs due to reduced real estate revenue, while PAT stood at ₹1,472 lakhs.
Subsidiary Forbes Technosys entered NCLT in
Nesco Reports Record ₹1,032 Cr Revenue, 10% PAT Growth
Nesco achieved record FY26 revenue of ₹1,031.58 crores, up 21.98% YoY, with PAT growing 10.02% to ₹412.80 crores while maintaining a debt-free balance sheet.
The Board recommended a dividend of ₹7.00
NCLT Adjourns MIR Realtors Liquidation Applications
NCLT Kochi Bench adjourns multiple interlocutory applications in the MIR Realtors Pvt Ltd liquidation case to dates in July and August 2026.
Liquidator Annie Abraham seeks adjournment citing a pending
Vipul Greens Association Writ Petition Withdrawn
The High Court of Odisha dismissed the writ petition filed by Vipul Greens Association of Allottees as withdrawn.
The petition was filed against the Odisha State Housing Board and was withdrawn on 1 J
VVIP Infratech Promoter Pledges Additional 31.58 Lakh Shares
Promoter Praveen Tyagi created a fresh pledge on 31,58,000 equity shares (12.65% of capital) on June 30, 2026.
Total encumbered shares now stand at 54,76,000 (21.93% of capital) with CSL Finance Ltd a
Sambriddhi Real Estate Appeals Dismissed, Commercial Jurisdiction
The Calcutta High Court heard two appeals (FMA 854/859) concerning development agreements with Sambriddhi Real Estate Pvt Ltd.
The Court held the agreements are construction/infrastructure contracts,
NCLT Chennai Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal dismisses multiple applications including fraudulent trading claim against promo
NCLT Adjourns Piramal Capital vs Seastar Realtos Hearing
NCLT Chennai adjourned hearing in Piramal Capital's insolvency petition against Seastar Realtos to July 9, 2026.
Liquidator and erstwhile promoter's counsel were present; arguing counsel for promoter
Central Bank vs Vedansh Real Estate NCLT Adjournment
NCLT adjourned Section 7 IBC petition filed by Central Bank of India against Vedansh Real Estate due to non-appearance.
The matter was listed for next hearing on 28 July 2026 in the interest of justic
Nisus Finance Invests ₹70 Cr in Bengaluru Projects
Nisus Finance Services Co Limited announces a ₹70 crore investment through its AIF into three residential projects in Bengaluru developed by Sumukha Housing.
The three projects have a combined Gross D
Transindia Real Estate Subsidiary Stake Reduced to 25%
Transindia Real Estate's subsidiary AGSPL allotted shares via preferential issue to promoter group entities.
Company's stake in AGSPL reduced from 100% to 25%, ceasing its wholly-owned subsidiary stat
Heritage Lifstyles vs Madhugiri Housing Adjourned
Supreme Court considered SLP No.22197/2026 filed by Heritage Lifstyles against Madhugiri Co‑operative Housing Society.
Petition sought adjournment; Court granted a two‑week postponement on 1 July 2026
Prime Urban Development Corrects FY26 Results
Prime Urban Development India Ltd submits corrigendum to audited FY26 results correcting Employment Benefit Expense understatement of ₹0.68 lakhs in PDF filings.
Company reports nil revenue from opera
Shelter Infra Projects FY26 Audited Results with Loss
Shelter Infra Projects reported an audited net loss of ₹4.55 lakhs for FY26, with a quarterly loss of ₹3.95 lakhs for Q4.
Auditors issued a qualified opinion due to unprovided lease liability and inab
Raymond Realty FY26 Revenue Surges 429% to ₹299 Crore
Raymond Realty reported standalone revenue of ₹3,039 crore and net profit of ₹305 crore in its first full year as a demerged entity listed on BSE/NSE.
The company declared a maiden dividend of 20% (₹2
Swadeshi Polytex Limited 56th Annual Report 2025-26
Swadeshi Polytex Limited submitted its Annual Report for FY 2025-26 to BSE Limited pursuant to SEBI Listing Regulations, including notice of 56th AGM scheduled for July 9, 2026.
The company reported a
Square Four Projects FY26 Results with Qualified Audit
Square Four Projects reported FY26 standalone net profit of ₹9.73 lakhs, a significant decline from ₹22.24 lakhs in FY25.
Auditors issued a qualified opinion due to lack of fair valuation for investme
Ashiana Housing Q4 FY26 Bookings Surge 124% YoY
Ashiana Housing reported record annual bookings of ₹2,421 crore in FY26, a 25% YoY growth, driven by strong demand and successful launches.
The Senior Living segment achieved record bookings of ₹570 c