Eldeco Housing eyes ₹5,500 crore from project pipeline; targets three launches by March 2027

The company's ongoing projects could generate ₹1,600-1,700 crore, while forthcoming projects have an estimated revenue potential of ₹3,000-3,200 crore. Eldeco Housing is targeting launches of Shaheed Path, Palm Springs and Eldeco Namah before March 2027.

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NBCC India plans to monetise 54-acre land bank

The company expects its consolidated order book to reach about ₹1.80-2 lakh crore by the end of FY27. It is also looking at projects worth around ₹10,000 crore each in West Bengal and Bihar, while ₹9,600 crore of Supertech works are targeted for award during Q3 FY27.

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Consumer panel directs Bombay Realty to refund ₹1.95 crore to two homebuyers

In a significant ruling, the Maharashtra Consumer Commission has ordered Bombay Dyeing and Bombay Realty to reimburse homebuyers a total of Rs 1.95 crore. The commission noted that the developers did not meet the agreed-upon deadlines for flat delivery, highlighting a breach of service. Homebuyers from Jamshedpur encountered both delays and unreasonable financial requests.

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Homebuyer held defaulter cannot claim compensation from developer: Haryana RERA

A homebuyer from Greater Kailash-I faced issues with Ireo Grace Realtech regarding a delayed apartment project. The Haryana Real Estate Regulatory Authority ruled that the buyer was a defaulter and therefore could not claim compensation. The buyer stopped making payments due to construction delays, leading to the cancellation of the flat. Despite the difficulties, the authority held the builder partly liable for delays in obtaining the occupation certificate.

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Paranjape Schemes targets ₹2,000 crore revenue in FY27; plans 2.5 million sq ft launches in H2

Paranjape Schemes expects revenue of around ₹2,000 crore in the current financial year, compared with ₹1,500 crore in the previous year, while maintaining blended profit margins of 20-21%. The company plans to launch around 2.5 million sq ft in the second half and reduce gross debt from ₹1,800 crore currently to about ₹700 crore by December 2027.

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Gera Developments expects FY27 revenue to rise 73% to ₹1,465 crore; gross margin seen at 24%

Gera Developments is forecasting a revenue boost of roughly 73% year-on-year, projecting a ₹1,465 crore for FY27. The company is committed to sustaining a 24% gross margin and a 12% EBITDA margin, despite the challenges of escalating construction costs. To combat this, they will adjust pricing on unsold properties.

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ED files charge sheet against Raheja Developers, promoters' family

Enforcement Directorate has filed a charge sheet against Raheja Developers and its promoter for money laundering. Allegations include fraud related to homebuyers who paid for properties but did not receive possession. The charge sheet seeks confiscation of assets worth Rs 2,399.65 crore related to the case. The accused include members of the Raheja family who allegedly diverted homebuyers' funds for unauthorized purposes.

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