31 Jul 2025

Nexus Select Trust reported strong Q1 FY26 performance with net operating income rising 11.65% to INR 460.2 crore and total income up 12% to INR 647.9 crore. Retail tenant sales touched INR 3,300 crore amid steady 97% occupancy. Despite a 14% drop in net profit, the REIT maintained its eighth consecutive full payout of INR 2.23 per unit. Key acquisitions-Vega City, Bengaluru and MBD Ludhiana-showed positive traction. Debt cost dropped to 7.5%, with ample headroom for growth. Operating across 19 Grade-A retail centres in 15 cities, the REIT expects 15% NOI and 10% distribution growth in FY26.Read more

31 Jul 2025

Jamshedpur's registration department will increase benchmark property rates by 10% starting next month, impacting freehold areas like Sonari, Mango, Jugsalai, and Ulyan. This revision will raise stamp duty and registration charges, prompting buyers to possibly expedite deals at current rates. Leasehold areas under Tata Steel, such as Bistupur, Sakchi, and Kadma, remain unaffected, offering more cost-effective options. Officials anticipate a short-term spike in demand for properties registered under existing lower rates and potential rental hikes as owners adjust for higher acquisition costs. The move is part of the state's routine property valuation review and may shift investor focus toward leasehold zones.Read more

31 Jul 2025

India's real estate sector is witnessing a shift, with distressed and stalled housing projects emerging as attractive investments. Over 500,000 units across major cities remain stalled, but developers and private equity firms now view them as turnaround opportunities due to high discounts, rising demand for ready-to-move-in homes, and improved regulatory clarity. Government initiatives like the INR 15,000 crore SWAMIH fund are boosting investor confidence. Experts highlight the importance of clean documentation, market-aligned redesigns, and reliable execution. As investor sentiment matures, distressed assets are being repackaged into viable ventures, potentially addressing housing shortages and unlocking capital in India's evolving real estate landscape.Read more

31 Jul 2025

Akhil Wable, founder of DataforIndia, has purchased a 1,280-sq-yard plot in South Delhi's Vasant Vihar for INR 113 crore from Eleannt Enterprises, which had acquired it for INR 95 crore just months earlier. The deal underscores high demand and rapid appreciation in South Delhi's elite property market, where plots fetch INR 9-12 lakh per sq yard. However, construction is currently restricted on the plot due to its proximity to a ridge area. South Delhi, comprising 18,446 plots across 42 A-C category colonies, is valued at INR 5.65 lakh crore. Premium colonies like Vasant Vihar remain top-tier for high-value transactions.Read more

31 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) recently raised nearly INR 2,006 crore through a Qualified Institutional Placement (QIP), following the remarkable response to its IPO last year. The move has drawn significant participation from heavyweight investors, including LIC and global financial firms such as Morgan Stanley and Societe Generale. The strong market performance of IREDA's stock post-listing reflects widespread investor optimism around India's renewable energy push. The developments underscore the growing global and domestic confidence in the company's business model and the sector's long-term growth prospects.Read more

31 Jul 2025

Home First Finance Company India has reported a significant 35.47 percent surge in its net consolidated profit after tax for the quarter ending June 30, 2025, reaching INR 118.89 crore. The company also saw a healthy 33.38 percent growth in total consolidated income. This strong financial performance is complemented by a 28.6 percent year-on-year increase in Assets Under Management (AUM) and a seven percent rise in disbursements. The successful completion of a Qualified Institutional Placement (QIP) and a credit rating upgrade are set to strengthen HomeFirst's capital base and support its expansion plans, including a growing branch network and low gross non-performing assets (NPA).Read more

30 Jul 2025

Aditya Birla Real Estate (ABREL) is targeting sales bookings of INR 15,000 crore by fiscal year 2028, reflecting its aggressive growth plans following a strategic restructuring. The company, which recently divested its pulp and paper business, aims to develop new projects primarily through joint ventures and joint development agreements to minimize capital expenditure. ABREL is also working towards a net debt-free balance sheet to ensure financial health. This renewed focus on real estate, coupled with an emphasis on partnerships and a strong balance sheet, positions the company for significant expansion in India's dynamic property market.Read more

30 Jul 2025

Larsen & Toubro (L&T) has reported a robust 29.8% rise in consolidated net profit to INR 3,617.19 crore for the June quarter, driven by strong operational revenue growth. The company also saw a 16% year-on-year increase in revenue, touching INR 63,679 crore. The order book stands tall at INR 612,761 crore, marking the highest first-quarter inflow in its history. With its five-year Lakshya'26 strategic roadmap nearing completion, L&T appears firmly on track to exceed its financial and diversification targets across core and new-age sectors.Read more

30 Jul 2025

Kolte-Patil Developers Ltd has reported a consolidated net loss of INR 16.99 crore for the quarter ending June, a shift from a profit in the same period last year. The company's total income also saw a sharp decline to INR 96.81 crore. This financial performance, reported today, follows a period where the real estate firm had recorded a profit of INR 6.23 crore in the year-ago period and a significantly higher total income. Kolte-Patil Developers is a leading real estate firm with a notable presence in Pune, Mumbai, and Bengaluru.Read more

30 Jul 2025

Mahindra Lifespace Developers (MLDL) reported a Q1 FY2026 net profit of INR 51.26 crore, up from INR 12.74 crore year-on-year, despite a sharp 80% drop in total income to INR 40.61 crore. The company raised INR 1,494.54 crore via a successful rights issue to support debt repayment, land acquisition, and working capital. Gross development value additions surged to INR 3,500 crore, up from INR 1,400 crore. Residential pre-sales dropped to INR 449 crore due to pending approvals, with new launches expected soon. MLDL maintained a low debt-equity ratio of 0.19 and saw active leasing in its industrial segments in Jaipur and Chennai.Read more