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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
09 Apr 2025
In FY25, women in Madhya Pradesh purchased properties totaling INR 38,000 crore, accounting for approximately 45% of the 8.28 lakh sale deeds registered statewide. Indore led with acquisitions worth INR 6,300 crore from nearly 36,000 sale deeds by women. Government incentives, including a 2% rebate on property registration fees for female buyers, have significantly contributed to this trend.
09 Apr 2025
Neo Asset Management has raised INR 2,000 crore in the first close of its second private credit fund, Neo Special Credit Opportunities Fund-II (NSCOF II), targeting a total corpus of INR 5,000 crore. The SEBI-registered Category II AIF focuses on credit solutions for EBITDA-positive companies, backed by 2-3x hard asset collateral. The firm plans 25-30 investments, ranging between INR 150-300 crore each. Its first fund had raised INR 2,575 crore and exited 7 of 23 investments. Neo currently manages over INR 10,000 crore in AUM.
Source: PTI
09 Apr 2025
The Finance Ministry has approved the merger of 15 Regional Rural Banks (RRBs) across 11 states into single entities under the 'One State-One RRB' plan, effective May 1. This fourth round of consolidation reduced the total number of RRBs from 43 to 28. States including Andhra Pradesh, Uttar Pradesh, and Bihar will see two to four RRBs merged under one sponsor bank. Each new entity will have an authorised capital of INR 2,000 crore. The move aims to enhance operational efficiency and reduce costs, building on improved RRB performance and profitability in FY24.
Source: PTI
09 Apr 2025
Colt Data Centre Services (Colt DCS) is set to expand its presence in Germany by developing four new data centres, Frankfurt 4 & 5 and Berlin 1 & 2, adding 117MW of IT capacity. The Frankfurt and Berlin sites, covering 18 and 9.5 acres respectively, will be operational by 2028, powered by renewable energy. This EUR 2 billion investment aligns with ColtDCS's sustainability goals and strengthens its position in Europe's hyperscale data centre market. The facilities will support high-performance computing workloads and incorporate eco-friendly design with heat reuse and green infrastructure.
Source: PTI
09 Apr 2025
India's Finance Minister Nirmala Sitharaman chaired an investor roundtable in London earlier this week, drawing participation from around 60 UK-based institutional investors, including pension funds, banks, and insurance firms. The meeting spotlighted India's reform-driven economic vision, highlighting the country's robust digital economy, rapid fintech adoption, and significant strides in the financial sector. Sitharaman promoted India as a top destination for foreign investments, underlining growth potential in banking and insurance, the global standing of its securities market, and the strategic role of GIFT-IFSC. The roundtable set the stage for deeper economic cooperation ahead of the India-UK Economic and Financial Dialogue.Read more
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08 Apr 2025
Between April 2024 and March 2025, the Brihanmumbai Municipal Corporation (BMC) levied a 200% property tax penalty on 3,343 properties for unauthorised constructions, totalling INR 392.28 crore. The highest number of violations were recorded in Mumbai's western suburbs, followed by the island city and eastern suburbs, with H West ward leading. The crackdown aims to curb illegal alterations across all 25 wards. While legal proceedings often stall demolition, penalties are being enforced under Section 152(A) of the Mumbai Municipal Corporation Act, 1888. So far, INR 12 crore has been collected.
08 Apr 2025
The recent hike in ready reckoner rates (RRR) has raised concerns in Mumbai's real estate sector, pushing the city's home affordability index to 51%, above the critical 50% mark. Higher RRR means increased property prices, stamp duties, and developer premiums, making affordable housing harder to build. While government schemes like PMAY support low-cost homes, developers now face tighter margins. However, projects under MHADA are less affected, as their pricing is based on actual development costs, not RRR. MHADA also offers fixed registration and low stamp duty fees, keeping homes accessible for low- and middle-income groups. Prices for already allotted MHADA homes will remain unchanged despite the rate hike.Read more
08 Apr 2025
The Noida Authority has recovered INR 533.91 crore by enabling the registry of 3,620 flats across 27 long-stalled housing projects under the Uttar Pradesh government's December 2023 policy aimed at resolving legacy real estate disputes. Of these, registries for 2,726 units have already been completed, granting legal ownership to homebuyers. The policy offers interest waivers for developers affected by the Covid-19 pandemic and National Green Tribunal (NGT) restrictions, incentivising them to clear dues and expedite registries. Promoters who pay at least 25% of their dues are granted permission for registration and qualify for further waivers.
08 Apr 2025
Bengaluru's municipal body, BBMP, has introduced a revised property tax calculation method for covered and stilt parking areas under the Unit Area Value (UAV) system. While the update is expected to benefit commercial entities like shopping malls, experts warn it may increase tax liabilities for homeowners. The new structure replaces zonal classifications with a standardised rate-INR 600 monthly for 150 sq ft residential parking. Critics argue that this could lead to double taxation, as parking areas are already included in super built-up calculations. Concerns have also been raised regarding BBMP's lack of regulation on roadside parking.
07 Apr 2025
Institutional investments in Indian real estate surged by 31% year-on-year in Q1 2025, reaching USD 1.3 billion, according to Colliers India. This growth was primarily fuelled by a significant rise in domestic investments, which accounted for 60% of the total inflows. The residential sector saw a nearly threefold increase in investments to USD 302.9 million, while industrial and warehousing inflows grew by 73% to USD 307.7 million. However, office investments declined by 23% to USD 434.2 million. Experts believe strong economic growth and favourable market conditions will sustain investment momentum throughout 2025.
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