30 Jun 2025

JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received approval from SEBI to begin brokerage operations in India. This marks the third and final regulatory green light for the Jio BlackRock joint venture, following earlier approvals granted to its asset management and investment advisory arms. Formed as a 50:50 partnership between Jio Financial Services and BlackRock Inc., the venture aims to deliver a full spectrum of investment solutions to Indian investors by blending global expertise with local digital scalability. The broking arm is positioned to serve both retail and self-directed investors.Read more

30 Jun 2025

IIFL Home Finance teamed up with RG Group in Greater Noida West to host a property registration drive that saw over 100 homes registered in a single day. More than 50 buyers also secured home loans from IIFL on the spot, speeding up the process of moving into new homes. The event brought together government officials, legal support, and financing under one roof, making the experience hassle-free for buyers. Leaders from IIFL and RG Group noted the strong demand for quality housing in Delhi NCR and stressed the importance of partnerships that make home ownership easier, faster, and more transparent.Read more

30 Jun 2025

In a big push towards digitisation, Navi Mumbai's civic body has rolled out new initiatives that helped collect INR 212 crore in property tax in just three months. Under Dr. Kailash Shinde's leadership, the campaign used digital payment methods, a WhatsApp chatbot, and a revamped online portal to make payments easier. A unique touch: 200 women from self-help groups were trained to deliver bills and update records, boosting local employment. Over half the bills reached homes in just 30 days, encouraging early payments with a 10% discount. With SMS alerts, widespread publicity, and multiple payment options, NMMC is making tax payments simpler and more transparent.Read more

30 Jun 2025

Rane (Madras) Ltd finalised the sale of a 3.48-acre plot in Velachery, Chennai, to Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing for INR 361 crore. The strategic monetisation, facilitated by CBRE, is part of Rane's broader plan to reduce debt and streamline its city office operations. The remaining 1.02 acres of the 4.5-acre site will be retained by Rane (Madras) for setting up a new office.Read more

30 Jun 2025

Maharashtra's top property markets, Mumbai, Thane, Navi Mumbai, and Pune, saw steep declines in home sales and new launches in Q2 2025, marking a sharp market correction. Mumbai and Thane both reported a 34% drop in sales, with new supply falling by over 50%. Pune sales fell 27%, while Navi Mumbai dipped 17%. In contrast, Delhi NCR and Chennai showed growth. Analysts attribute Maharashtra's slump to past price surges, economic caution, and buyer wait-and-watch sentiment ahead of the festive season. Despite the dip, developers remain upbeat, viewing the slowdown as a step toward sustainable growth, price stability, and improved market health.Read more

29 Jun 2025

Narayana Hrudayalaya has acquired over 46,000 sq. ft. of land in Hulimavu, Bannerghatta Road, Bengaluru, for INR 246 crore through three deals-the largest involving 93,500 sq. ft. from Kelachandra Veneer Industries. While development plans remain undisclosed, the purchase aligns with the hospital chain's expansion strategy in south Bengaluru. Founded by Dr. Devi Shetty, the company operates 18 hospitals across India and has been strengthening its presence in the city's growing healthcare corridor. The acquisition follows a prior land deal in Begur Hobli worth INR 169 crore. The area's rising real estate value and improved infrastructure make it a hotspot for institutional investments.Read more

28 Jun 2025

Private equity investments in Indian real estate touched USD 1.73 billion by mid-June this year, sharply down from USD 2.96 billion during the same period last year, signalling increased caution among global investors. Knight Frank India has attributed this slowdown to shifting global capital flows influenced by high interest rates, liquidity tightening, and growing scrutiny over post-tax returns. Western capital has notably pulled back due to the rupee's depreciation, a narrowing India-US yield spread, and India's 12.5% long-term capital gains tax. Interestingly, domestic investors have ramped up their activity, becoming a critical funding source for the sector.Read more

28 Jun 2025

Aseem Infrastructure Finance Ltd. (AIFL), an RBI-registered Infrastructure Finance Company backed by the Government of India through NIIF, has secured its first USD 80 million External Commercial Borrowing (ECB) and green loan from DBS Bank Ltd. Structured and arranged solely by DBS through its GIFT City branch, the funds will accelerate the financing of renewable energy projects across India. The transaction also marks DBS's role as the sole sustainability coordinator, reinforcing its leadership in responsible banking. India's clean energy ambitions, including the 2030 target of 500 GW non-fossil capacity, continue to attract strategic green financing.Read more

27 Jun 2025

Bank of India has announced plans to raise INR 20,000 crore during the ongoing financial year through long-term infrastructure bonds, marking a strategic move to support infrastructure financing. The bank's board approved this initiative, aligning with a broader trend among major banks, including SBI, to prioritise infra bonds over traditional AT-1 and Tier-2 instruments. These bonds offer regulatory exemptions from CRR and SLR, making them an attractive financing tool. Their full deployability for lending adds to their appeal in the current economic climate.Read more

27 Jun 2025

Fintech major Pine Labs, backed by Peak XV Partners and Temasek, has filed its draft red herring prospectus with SEBI to launch its much-anticipated IPO. The offering includes a fresh equity issue worth INR 2,600 crore and an offer for sale exceeding 14.78 crore shares by existing investors, including PayPal, Mastercard, and Actis. The company intends to use part of the proceeds to repay debt and invest in IT infrastructure, digital expansion, and subsidiaries abroad. A potential INR 520 crore pre-IPO placement may reduce the fresh issue size.Read more