Topic
property
Business Vedanta to Demerge Surplus Real Estate into Vedanta Property Platforms in Vertical Split
Vedanta, led by Anil Agarwal, announced a vertical demerger of its surplus real estate assets into Vedanta Property Platforms. Shareholders will receive one share of VPPL for every 20 Vedanta shares held. The portfolio includes 2,200 acres of industrial land and 55,000 sq ft of residential/commercial properties across five Indian states, with a potential future opportunity of ₹30,000 crore. The demerger requires NCLT approval, with regulatory filings expected in August 2026.
Business Sobha Ltd Q1 sales bookings surge 76% to ₹3,656 crore on strong housing demand
Sobha Ltd's sales bookings rose 76% year-on-year to ₹3,656.1 crore in Q1 FY27, the highest ever for the company. Strong demand in Bengaluru and Delhi-NCR drove the growth, with 1,432 homes and plots sold during the quarter.
Technology Property title search engine Landeed to invest ₹30cr in FY27 for business growth
Property title search engine Landeed will invest ₹30 crore in FY27 to expand its business. The company, which raised around ₹100 crore from investors including Y Combinator, will focus on GPU infrastructure, small language models, and Indic OCR to convert fragmented property records into structured intelligence.
Business G Square revives industrial plot business, targets ₹2,000-crore sales this fiscal
G Square Group is reviving its industrial plot development business after a five-year hiatus, targeting ₹2,000 crore in sales this fiscal. The company also plans ₹5,000 crore in residential plot sales and has launched a new project in Gummudipoondi.
Business DDA’s mega e-auction raises Rs 1,321 crore from 142 land and property assets
The Delhi Development Authority (DDA) has raised Rs 1,321.21 crore from the e-auction of 142 land and property assets across Delhi, nearly three times the cumulative reserve price of Rs 480.38 crore. The auction included residential, commercial, industrial and institutional plots, reflecting strong investor interest and the DDA's transparent digital platform.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.
Business ITAT Ruling Exposes TDS Traps for Property Buyers
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted a TDS demand exceeding Rs 5.8 lakh against a property buyer, ruling that the seller's subsequent PAN-Aadhaar linkage regularised the deduction. Tax experts caution that buyers face significant compliance obligations, especially for non-resident sellers and jointly held properties, and often require professional assistance.