05 Jul 2025

The Lucknow Development Authority (LDA) has served a final notice to nearly 100 defaulters who have failed to clear outstanding dues totalling around INR 100 crore some pending for over 27 years. These include allottees of flats and plots across prominent schemes like Gomtinagar Extension, Kanpur Road, Sitapur Road and Kursi Road. Many of these are under affordable housing categories. The authority has warned that properties will be cancelled and registration amounts forfeited if payments are not cleared immediately. This move follows earlier efforts to auction nearly 5,000 unsold commercial properties and identify top defaulters with dues exceeding INR 460 crore.Read more

04 Jul 2025

Brigade Hotel Ventures Ltd, the hospitality arm of Bengaluru-based Brigade Enterprises, has raised INR 126 crore in a pre-IPO funding round from 360 ONE Alternates Asset Management. This investment, made at INR 90 per share, gives 360 ONE a 4.74% stake ahead of the company's planned INR 900 crore initial public offering. The proceeds will primarily go towards debt reduction and land acquisition, while also supporting the firm's inorganic expansion strategy. With a robust portfolio of 1,604 rooms spread across major South Indian cities and GIFT City, the company is seen as a significant player in the hospitality space.Read more

04 Jul 2025

TVS Industrial & Logistics Parks (TVS ILP) has raised over INR 1,300 crore through a private placement of its warehousing assets-led Infrastructure Investment Trust (InvIT). The InvIT will list on the National Stock Exchange on July 8. TVS ILP has built a platform of 20 million sq ft, transferring 11 million sq ft valued at INR 3,000 crore into the InvIT. The portfolio spans major cities like Chennai, Pune, and Kolkata. This fundraising comes amidst a regulatory push to streamline privately-placed InvITs into public offerings, supporting India's growing warehousing sector.Read more

04 Jul 2025

Institutional investments in Indian real estate saw a sharp 33% dip in the April-June quarter, touching USD 1.69 billion, primarily due to a cautious stance from global investors amid economic and geopolitical uncertainties. Data from Colliers India revealed that foreign investment nearly halved, while domestic participation surged by 32%. Notably, domestic capital now accounts for 48% of total real estate investments in H1 2025, up from 16% in 2021. This shift in funding dynamics has helped partially offset the decline in foreign institutional inflows and maintain a stable investment environment.Read more

04 Jul 2025

Property transactions in Lucknow are about to get costlier as the district administration has proposed a substantial revision in circle rates base rates used to determine property registration value. While the average increase is pegged at 15%, certain high-demand urban areas could see hikes of up to 25%. Rates for multi-storey construction and commercial land are also being revised upward, with a clear aim to align them more closely with market realities. The proposed hike is currently open for public feedback and, once finalized, will come into effect from the beginning of August. The last revision in circle rates was done nearly a decade ago.Read more

03 Jul 2025

Norges Bank has fully exited its position in Raymond Realty through a block deal worth INR 42 crore, just days after the company made its stock market debut. Simultaneously, Raymond Ltd witnessed a flurry of institutional trades totalling approximately INR 221 crore. These developments come in the wake of the group's recent demerger, where shareholders were allotted one share of Raymond Realty for every Raymond Ltd share held. The twin trades reflect how investors are actively reshaping their positions in both entities as the market digests the post-listing dynamics.Read more

03 Jul 2025

To simplify trading operations and reduce post-trade complexities for institutional investors and market participants, the Securities and Exchange Board of India (SEBI) has made it mandatory to issue a Common Contract Note (CCN) with a single volume weighted average price (VWAP). The new system, which came into effect starting past week, aims to bring uniformity in trade reporting by consolidating trades across multiple exchanges into one harmonized document. The reform is expected to cut down operational hassles, lower costs, and support the Clearing Corporation (CC) interoperability framework introduced in 2019.Read more

03 Jul 2025

India's gross GST collections for June rose by 6.2% year-on-year, reaching over INR 1.84 lakh crore-up from INR 1.73 lakh crore in June last year. This follows May's INR 2.01 lakh crore and April's record INR 2.37 lakh crore. Domestic transactions contributed INR 1.38 lakh crore, a 4.6% rise, while imports surged by 11.4% to INR 45,690 crore. State GST collections (INR 43,268 crore) outpaced Central GST (INR 34,558 crore), and Integrated GST totalled INR 93,280 crore. Cess collections stood at INR 13,491 crore. Refunds rose 28.4% to INR 25,491 crore, resulting in a net GST revenue of INR 1.59 lakh crore-marking a 3.3% growth over June last year.Read more

03 Jul 2025

Trichy City Corporation is facing a INR 121 crore revenue deficit this fiscal year, largely due to vacant or incomplete commercial complexes at Singarathope, Devadhanam, and Palakkarai. These facilities were meant to generate rental income and reduce reliance on taxes but have failed to attract tenants. The Singarathope complex has been empty for over a year, while Palakkarai remains unfinished. Officials admit to lacking a structured leasing or marketing strategy. With these assets idle, the city struggles to fund civic services. Experts warn that in mid-sized cities, public infrastructure must compete with private players, making proactive planning and tenant engagement crucial.Read more

03 Jul 2025

Lucknow Municipal Corporation (LMC) reported that more than 3 lakh homeowners cleared their house tax dues during the April-June quarter, boosting collections to INR 202.4 crore. A 10% rebate on online payments spurred this trend, though around 4.33 lakh properties remain unregistered. The rebate period has shifted now covering both house tax and user charges paid online until the end of this month. With persistently high defaulter numbers, LMC is tightening recovery efforts employing interest penalties and potential account actions. These efforts build on recent reforms like GIS surveys and weekend tax collection aimed at improving compliance.Read more