10 Jul 2025

The Nashik Municipal Corporation (NMC) collected INR 100 crore in property tax during the first quarter of FY26 (April-June), a slight decrease from INR 106 crore in the same period last year. This collection was aided by rebates ranging from 3% to 8% for prompt payments, ending July 31. Despite changes in strategy, including not sending messages and appointing private agencies for bill distribution this year, NMC reached the collection mark. The corporation aims for a higher annual target of INR 275 crore in FY26, following INR 256 crore collection in FY25.Read more

10 Jul 2025

Lodha Developers Ltd. has raised INR 300 crore by issuing non-convertible debentures on a private placement basis for business growth. Approved by the Board's executive committee on Tuesday, the debentures carry a 7.96% interest rate and will be redeemed at par after three years. The Mumbai-based firm, a leading real estate company, plans to list these debentures on the BSE's Wholesale Debt Market. This move aligns with its strategy to fund development across housing, commercial, and warehousing projects in key markets like MMR, Pune, and Bengaluru.Read more

10 Jul 2025

TVS Industrial & Logistics Parks has listed its Infrastructure Investment Trust, TVS Infrastructure Trust, on the National Stock Exchange, raising over INR 1,300 crore through a mix of fresh issue and offer-for-sale. The InvIT has been anchored by prominent global and domestic investors, including the International Finance Corporation (IFC) and L&T. It comprises a seeded portfolio of 11 million sq ft of warehousing and industrial assets valued at around INR 3,000 crore. This marks IFC's first equity investment in an Indian warehousing InvIT.Read more

09 Jul 2025

Seven Indian states collectively raised INR 13,300 crore through the latest auction of State Government Securities (SGS). All participating states accepted their full notified amounts, indicating strong investor demand. Madhya Pradesh led fundraising with INR 4,800 crore and offered the highest yields (7.14-7.15%). Maharashtra raised INR 4,000 crore, while Bihar secured INR 2,000 crore at the lowest yield (6.88%). This auction, conducted by the RBI, helps states fund infrastructure and development projects, aligning with their capital expenditure and fiscal needs.Read more

09 Jul 2025

The Securities and Exchange Board of India (SEBI) is amending Alternative Investment Fund (AIF) rules to enhance investor parity and market integrity. New guidelines mandate pro-rata rights for investments and distributions, restricting differential rights unless specific conditions apply. The regulator also proposes investment flexibility for Category II AIFs and has heightened due diligence requirements to curb misuse like "evergreening" stressed loans and money laundering, following concerns from RBI and investigations into billions in questionable AIF investments. These changes aim for greater transparency and accountability in India's AIF market.Read more

09 Jul 2025

Jio BlackRock Asset Management has successfully raised INR 17,800 crore (USD 2.1 billion) in its debut mutual fund offering. The three-day New Fund Offer, held from June 30 to July 2, attracted over 90 institutional investors and more than 67,000 retail investors across three schemes. This significant fundraise is seen as an endorsement of the company's digital-first approach and investment strategies. The 50:50 joint venture, which received its license in May, plans broader expansion in India's financial market, having recently secured approval for broking and clearing services.Read more

09 Jul 2025

Sobha Ltd. reported an 11% increase in sales bookings to a record INR 2,078.8 crore in Q1 FY26, selling 14.44 lakh sq ft of area. This marks its highest-ever quarterly sales value. The Bengaluru-based firm attributes growth to urban migration, commercial space demand, and declining interest rates. It launched two new housing projects, 'Sobha Aurum' in Greater Noida (420 apartments, 7 lakh sq ft saleable area, INR 800 crore investment) and one in Kochi, during the quarter, indicating continued expansion across 13 cities.Read more

09 Jul 2025

Lodha Developers Ltd. reported a 10% growth in sales bookings, reaching INR 4,450 crore in the first quarter of the current fiscal year. This performance comes despite market disruptions in the early part of the quarter. The Mumbai-based real estate firm aims to meet its annual sales bookings target of INR 21,000 crore for FY26. The company also states it has strengthened its launch pipeline, indicating continued confidence in housing demand.Read more

09 Jul 2025

The Municipal Corporation of Delhi (MCD) has organized 1,862 property tax camps across its 12 zones to boost participation in its Amnesty Scheme, launched in May. Over 48,546 taxpayers have already been assisted. Under the 'Sumpattikar Niptaan Yojana' (SUNIYO), taxpayers can receive a full waiver of past property tax, interest, and penalties incurred before FY 2020-21, by paying current and five preceding fiscal years' principal tax. The MCD plans more camps to extend these benefits and improve tax collection across the city.Read more

08 Jul 2025

Keystone Realtors Ltd., operating under the 'Rustomjee' brand, reported record pre-sales of INR 1,068 crore in Q1 FY26, a 75% annual increase. Customer collections also rose 19% to INR 575 crore. The Mumbai-based firm launched three new projects with a saleable area of 0.91 million sq ft and INR 4,000 crore GDV. It also secured three new housing society redevelopment projects in the June quarter, expected to generate INR 7,727 crore revenue from 3.25 million sq ft of saleable area.Read more