Cumulative recovery rate of security receipts issued by ARCs will increase to 36-38% in FY26: Crisil

The cumulative recovery rate of security receipts (SRs) issued by asset reconstruction companies (ARCs) towards stressed real estate projects will increase by 16 percentage points to 36-38 per cent this fiscal from estimated 20-22 per cent in FY25, according to Crisil Ratings. The rating agency opined that this improvement will ride on robust sales ...
June 16, 2025

Nagpur: Land titles distributed to 500 Mihan-hit Khapri families

NAGPUR: Maharashtra revenue minister Chandrashekhar Bawankule on Saturday handed over land allotment documents to project-affected families from Khapri (Railway) under the Mihan rehabilitation scheme, declaring that the long-pending demand for justice to the region’s displaced residents was now met. Out of 765 eligible beneficiaries in Khapri, 500 received pattas (land ownership documents). The remaining ...
June 16, 2025

Peerless General Finance and Investment Company launches ₹500-crore mixed-use real estate project in Kolkata

Foraying into the real estate space on its own, Peerless General Finance and Investment Company on Friday announced the launch of its ₹500-crore mixed-use real estate project in Kolkata. The residential-retail-official project, Trayam, is being built on 2.67 acres of land at Kolkata’s New Town. According to Peerless General Finance and Investment Company (PGFI), ...
June 13, 2025