Mahindra Lifespace Developers announced a net profit of ₹51.26 crore for the first quarter of fiscal year 2026. The company’s income was ₹40.61 crore. A rights issue improved the balance sheet. Gross development value additions reached ₹3,500 crore. Residential pre-sales were ₹449 crore. The IC&IC business saw healthy leasing activity in Jaipur and Chennai.
Uttar Pradesh RERA recovers ₹1,410 crore for home buyers
UP-RERA has recovered ₹1,410 crore against 5,700 recovery certificates, with ₹861 crore recovered between August 2023 and July 15, 2025. Increased recoveries are attributed to monthly reviews with District Magistrates…