26 Jun 2025

The Chandigarh UT administration has set a reserve price of INR 11,850 per sq yd for auctioning nearly 7 acres of land in Manimajra, aiming to revive its land monetisation strategy. The plots, spanning residential, commercial, and institutional use, will be auctioned online, with residential plots 1-5 offered on a freehold basis and others on a 99-year leasehold. The administration has also sought Union Cabinet approval to allot land at collector rate for constructing 3,930 self-financed apartments for UT employees. The Municipal Corporation expects to generate over INR 400 crore from an upcoming auction in nearby pocket 6.Read more

26 Jun 2025

Incuspaze has acquired co-working startup Trios in an all-cash-and-equity deal, expanding its footprint in Pune and boosting its revenue target of INR 350-400 crore for FY25. The deal adds 12 new centres-10 in Pune and 2 in Gurugram-bringing Incuspaze's total to over 50 centres across 18 cities and 4 million sq ft. Trios' founding team will continue in leadership roles, ensuring service continuity and client retention. The acquisition supports Incuspaze's broader growth strategy ahead of a planned INR 215 crore pre-IPO fundraise and future public listing. Trios' strong local presence and corporate clientele make the deal a strategic fit for national expansion.Read more

26 Jun 2025

MO Alternates, the alternative investment arm of Motilal Oswal, has fully exited all 14 investments under its India Realty Excellence Fund II (IREF II), realising INR 1,050 crore and delivering an 18.3% gross IRR. Launched with a INR 489 crore corpus, IREF II focused on structured capital in mid-income housing projects across urban centres. Including reinvestments, the fund deployed INR 680 crore. The exits, completed last week, underscore the firm's strong asset management and timely exit strategy.Read more

26 Jun 2025

Adani Group plans to invest USD 15-20 billion annually over the next five years to fuel its next growth phase, Chairman Gautam Adani announced at the group's AGM. The company aims to reach 100 GW power capacity by 2030 across renewables and conventional sources, while also expanding in ports, airports, data centres, cement, gas, and energy. Despite scrutiny from US authorities, Adani assured investors of strong financials, reporting INR 2.71 lakh crore in revenue and an 8.2% rise in EBITDA. Key projects include the 50 GW Khavda renewable park, smart metering initiatives, Navi Mumbai Airport, and the transformative Dharavi redevelopment project.Read more

25 Jun 2025

Mumbai, long regarded as India's most expensive housing market, has witnessed a slight improvement in affordability for the first time, following a cumulative 100 basis point reduction in the RBI's repo rate since February. Knight Frank India's latest Affordability Index reveals Mumbai's EMI-to-income ratio dropped to 48%, just below the 50% unaffordability threshold. While affordability improved across most major cities, Delhi-NCR saw a minor dip, and Bengaluru and Hyderabad remained unchanged. Experts believe the softer home loan rates will boost buyer sentiment and potentially drive up sales.Read more

25 Jun 2025

A commercial land parcel in Gachibowli, Hyderabad fetched an impressive INR 2.2 lakh per square yard during a government auction held this past week, closing at a total value of INR 33 crore. A second plot in the same locality was snapped up for INR 11 crore, underlining the growing investor interest in this prime zone. The Telangana Housing Board's auction, which also included land parcels in Chintal, Nizampet, and other locations, amassed a total of INR 65 crore. The surge reflects Hyderabad's upward trajectory in high-value real estate, especially in commercial segments.Read more

25 Jun 2025

Suntech Infra Solutions, a B2B civil construction company, has rolled out its INR 44.39 crore initial public offering (IPO), marking a key step in its growth strategy. The IPO, which opened for public subscription earlier this week, includes both a fresh issue and an offer for sale, priced between INR 81 and INR 86 per share. The fresh capital will fund working capital needs, acquisition of construction equipment, and general corporate purposes. The shares are set to be listed on the NSE's SME platform, underlining the company's commitment to long-term infrastructure expansion.Read more

24 Jun 2025

Innov8, the co-working arm of OYO, has secured a fresh INR 1,000 crore valuation following a 3% equity stake sale to prominent investors, including the Raymond Family Office, which picked up nearly 2%. This follows a prior INR 110 crore fundraise earlier this year, where approximately 10% equity was sold to several high-profile family offices. Innov8, founded in 2015 by Ritesh Malik, currently operates 30 centres across 10 major cities and posted a sharp jump in profit after tax from INR 2.5 crore to INR 62 crore in FY24. The new capital will be used to expand operations to 100 centres by year-end.Read more

24 Jun 2025

Kalpataru Ltd has raised INR 708 crore from prominent anchor investors, including GIC and Bain Capital, just before launching its initial public offering (IPO). The IPO, entirely a fresh equity issue worth INR 1,590 crore, is priced between INR 387 and INR 414 per share, with over 1.71 crore shares already allocated at the upper end. The Mumbai-based developer, with a portfolio nearing 50 million sq ft, plans to use the funds to repay debt and support corporate initiatives. The company had reported robust sales of over INR 3,200 crore in FY 2023-24, driven by strong housing and commercial demand.Read more

24 Jun 2025

TRULiV, a fast-growing co-living and long-stay hospitality brand, has received equity funding from Bennett, Coleman & Co. Ltd. (BCCL), valuing the company at INR 356.5 crore. The investment will support TRULiV's expansion into new cities and hospitality formats like holiday homes, retirement communities, and eco-stays. Founded in 2019, TRULiV operates on an asset-light, built-to-suit model and aims to hit INR 200 crore in annual revenue within three years. Co-founders Rohit Reddy and Ranjeeth Rathod highlighted BCCL's strategic media support and consumer insights as vital to future growth.Read more