02 Dec 2025

Hyderabad's Neopolis witnessed a record land transaction during HMDA's latest e-auction, where a 4.03-acre plot was sold for INR 151.25 crore per acre, totalling around INR 609 crore. A second 5.03-acre parcel fetched INR 147.75 crore per acre, bringing the day's combined proceeds to INR 1,352 crore. With earlier auctions held this past week, HMDA's total collections from Neopolis have reached INR 2,708 crore. The strong bidding reflects rising developer interest in the area, backed by its location advantages and demand for large-scale development parcels.Read more

02 Dec 2025

Guntur Municipal Corporation (GMC) has adopted a stern measure to counter mounting tax arrears by deciding to disconnect water-supply and drainage connections for residential and commercial properties that have not cleared long-pending dues - including property tax, vacant land tax, water charges and tap fees. The enforcement comes under pressure of rising uncollected revenues and seeks to place accountability on civic officials to ensure compliance city-wide. Ward secretaries missing daily collection targets risk show-cause notices or suspension. Major defaulters will receive final demand notices, followed by service disconnections, issuance of red notices, and - for high-value cases - potential property attachment and auction.Read more

02 Dec 2025

IRB Infrastructure said earlier this week that its board had cleared the divestment of the Gandeva Ena (VM7) hybrid annuity model project to the IRB InvIT Fund for INR 513 crore. The company stated that it would receive the entire equity consideration after the transfer is completed, along with the movement of project debt to the InvIT. The deal, linked to the upcoming Delhi-Mumbai Greenfield Expressway, is expected to lower IRB's consolidated net debt-to-equity ratio. IRB has also agreed to continue as the project manager after the asset moves to the Public InvIT platform.Read more

02 Dec 2025

The Ludhiana Municipal Corporation has set weekly performance targets for its property tax and building branches to enhance the recovery of pending dues and curb unauthorised constructions. INR 131.49 crore has already been collected against an annual target of INR 180 crore for 2025-26. Officials have been instructed to intensify collection efforts, and residents are urged to pay dues on time to avoid penalties. The move builds on a record recovery earlier this year and combines stricter enforcement with close monitoring to ensure better civic service delivery.Read more

02 Dec 2025

The Government of India and the Asian Development Bank finalised loan agreements earlier this week exceeding USD 800 million to support major infrastructure and skilling projects in Maharashtra, Madhya Pradesh and Gujarat. The funding covers Maharashtra's agricultural solarisation programme, the Indore Metro project in Madhya Pradesh, and Gujarat's skill development initiative. A separate USD 1 million technical assistance grant will support Assam's forthcoming SWIFT Project, aimed at strengthening wetland management and fisheries. These approvals build on ADB's ongoing involvement in India's energy transition, urban mobility upgrades and workforce development programmes.Read more

01 Dec 2025

Square Yards secured USD 35 million in a fresh equity round led by Smile Gate Group along with its existing investors, placing the company's valuation in the range of USD 900-935 million and pushing it closer to unicorn status. The company is also in discussions to raise an additional USD 100 million through a mix of debt and equity as part of its pre-IPO strategy. With FY25 revenue at about INR 1,410 crore and a sharp rise in trailing 12-month EBITDA, the firm reported strong momentum in Q2 FY26, driven largely by its financial services vertical.Read more

01 Dec 2025

The Ahmedabad Municipal Corporation generated INR 473.7 crore from an online auction held earlier this week, where five of the 13 listed land parcels were sold across Shilaj, Chandkheda-Zundal, Sola-Hebatpur and Vastral. The residential plot in Shilaj sold at its base rate, while commercial plots in Sola-Hebatpur attracted significantly higher bids, contributing the highest premium revenue. The remaining plots in Chandkheda-Zundal and Vastral saw sales marginally above their base values. Although more than half the plots received no bids, the auction highlighted strong interest in certain commercial zones.Read more

01 Dec 2025

Japanese property developers have been increasing their focus on India as rising commercial rents, lower building costs and improving construction timelines make the market more attractive. Mitsui Fudosan, which entered India in 2020 with RMZ Real Estate, is now reviewing fresh investments worth 30-35 billion yen (around USD 190-225 million). Sumitomo Realty has committed USD 6.5 billion across five Mumbai projects and is exploring new sites near the upcoming Navi Mumbai airport. Several other Japanese developers are assessing opportunities in office, retail and hospitality assets as returns in India remain comparatively higher.Read more

01 Dec 2025

Mindspace Business Parks REIT has expanded its portfolio by acquiring three prime commercial assets from its sponsor, K Raheja Corp, in a transaction valued at INR 2,916 crore. Concluded earlier this week, the acquisition adds nearly 0.8 million square feet of premium leasable space across Mumbai and Pune. The REIT noted that the transaction was executed at a 6.1% discount to independent valuations. With this purchase, its total portfolio increases from 38.2 million square feet to 39 million square feet. The Board has also cleared a preferential issue of units worth up to INR 1,820 crore, pending regulatory approvals.Read more

01 Dec 2025

India's market regulator reclassified Real Estate Investment Trusts as equity-related instruments earlier this week, aiming to widen institutional participation from mutual funds and specialised investment funds. The move follows the regulator's board decision taken in the past week to amend the SEBI (Mutual Funds) Regulations, 1996, formalising REITs under the 'equity' category while retaining Infrastructure Investment Trusts under the 'hybrid' bracket. Existing REIT exposures held by debt schemes and SIF strategies will remain grandfathered, though fund houses have been advised to pare these gradually based on market sentiment and investor preference.Read more