Over ₹960 crore scam? 127 plots sold, then mortgaged to scam-hit bank in Bengaluru

Fresh allegations of fraud have emerged related to Sri Guru Raghavendra Sahakara Bank Niyamitha involving mortgaged properties. Properties with ongoing financial disputes had previously been sold to unsuspecting buyers, exposing a troubling issue. The bank lacks accurate data on these properties, complicating efforts to determine ownership and value. An association representing affected homeowners has urged the bank to halt any further actions against their interests.

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NCLT voids ₹525-crore guarantee, Mumbai land transfer in JLS Realty dispute

The National Company Law Tribunal declared the transactions of JLS Realty Pvt Ltd invalid, impacting its redevelopment land. It determined that the transfer to Spenta Suncity offered no real commercial advantage for JLS Realty. Additionally, the tribunal invalidated unlawful director appointments and share transfers lacking proper documentation. The ruling mandates the restoration of the company’s assets and rightful shareholding structures.

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IBBI tightens real estate insolvency rules to prioritise home delivery

India's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessments of construction progress and funding needs are now mandatory for real estate projects. Creditors with at least 66% voting share can recommend excluding projects from insolvency proceedings. Homebuyers will now have representation on monitoring committees to oversee implementation. These measures aim to improve transparency and protect the interests of homebuyers during insolvency.

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Lodha Developers’ net profit rises 28% to ₹1,013.5 crore in Q2 FY27

Lodha Developers reported a 28.3 percent rise in net profit after tax for the quarter ending September 30, 2026. This surge accompanied an 18.2 percent increase in total income when compared to the same quarter last year. Notably, pre-sales grew by 10 percent year-on-year, exceeding 40 percent of their annual target.

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Mumbai: Developers of sea-facing projects rattled as SRA revises permissions shrinking construction area for CRZ projects

Mumbai builders are grappling with new challenges as the Slum Rehabilitation Authority revises permissions, shifting the calculation of the floor space index from gross to net plot areas. This significant change influences more than 45 redevelopment projects, especially in prime locations like Bandra and Juhu. Developers express apprehension over financial losses due to diminished construction rights, while the Brihanmumbai Municipal Corporation raises concerns about potential revenue declines from premiums.

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Asian Paints’ net profit rises 6.6% to ₹1,085.35 crore in Q2 FY27

For the quarter ending September 30, 2026, Asian Paints announced a solid profit increase of 6.6%. Their total income surged by 17.1%, amounting to ₹10,224.30 crore compared to last year. The growth in both decorative and industrial coated sectors was noteworthy, overcoming operational hurdles and inflation. Notably, production has commenced at their new Vinyl Acetate Ethylene Emulsion plant in Gujarat, and the board approved an interim dividend of ₹5.

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Allahabad HC orders demolition of illegal towers at Ghaziabad's Gulmohar Greens

The Allahabad High Court has delivered a major verdict in the case concerning illegal construction at Gulmohar Greens Society in Ghaziabad. The Court has directed the Ghaziabad Development Authority (GDA) to completely demolish illegal Towers 27 and 28 of the society.

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