Real Estate News Update for April 27

Real Estate News Update for April 27

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Industry

Mahindra Lifespaces posts net profit of Rs 71.48 crore in Q4 FY24

NEW DELHI: Mahindra Lifespace Developers (MLDL) has reported net consolidated profit after tax stood of Rs 71.48 crore during the quarter ended March 31, 2024. It registered profit after tax of Rs 54 lakh in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

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Industry

Lohia Global enters into real estate sector with Rs 1,000 crore investment

NEW DELHI: Lohia Global having presence in sectors like exports, energy, manufacturing, and automobiles, is venturing into the real estate sectors under its entity Lohia Developers. The company expects its real estate business to reach Rs 4,000 crore revenue by 2030 and constitute a significant portion of the group's revenue.

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Regulatory

Court summons Ansal Properties' managing director in criminal intimidation case

NEW DELHI: A court here has summoned realtor Pranav Ansal in a case regarding the alleged offences of criminal intimidation, furnishing false information and giving false evidence read with criminal conspiracy.

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International

Berkshire Hathaway's realty firm to pay $250 million to settle real estate commission lawsuits

LOS ANGELES: A real estate company owned by Warren Buffett's Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes.


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