11 Aug 2025

Arisinfra Solutions Ltd reported a 21% drop in net profit for the first quarter of FY26, attributing the dip to one-time public issue expenses. The company's revenue, however, rose by 11% year-on-year. A provisional order worth INR 40 crore was also secured by its subsidiary, ArisUnitern RE Solutions Pvt Ltd, indicating robust operational momentum. Excluding IPO-related costs, the company claims its adjusted PAT surpasses the entire previous fiscal's profit. This quarter marks a key milestone as the firm ramps up operations across the construction and real estate sectors.Read more

11 Aug 2025

Reliance Infrastructure's power distribution arms, BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, have received Supreme Court approval to recover INR 21,413 crore in regulatory assets over the next four years. This decision came as part of a broader directive where Delhi's three private discoms, including Tata Power Delhi Distribution Ltd, are allowed to recover a total of INR 27,200.37 crore. The court's judgment settles a decade-long dispute, mandating Electricity Regulatory Commissions to not only set recovery roadmaps but also audit the reasons behind the prolonged deferral.Read more

11 Aug 2025

Warehousing rentals in the Delhi-NCR region fell by 10% in the first half of 2025, reaching INR 21 per sq ft monthly, according to Vestian. This decline was largely due to a significant portion of leasing around 60% happening at below-average rental rates. While rental values stayed largely steady across India's top seven cities, Pune witnessed a 13% hike, leading the pack at INR 31 per sq ft per month. Meanwhile, investments in warehousing assets across the country saw a dramatic 98% annual dip, totaling only USD 32 million during the same period.Read more

11 Aug 2025

KRERA has ruled that both developers and landowners are jointly responsible for arranging water and sewerage connections in joint development housing projects. The decision follows complaints from 30 homebuyers of a Yelahanka project who had paid for utilities but are still waiting for connections due to non-payment of dues to BWSSB. KRERA also directed both parties to hand over all necessary project documents to the residents' association. The order strengthens buyer rights and holds landowners accountable, even if the power of attorney has been revoked.Read more

11 Aug 2025

The Reserve Bank of India recently released a draft circular proposing stricter timelines and penalties for banks that delay settling claims related to the accounts, lockers, or safe custody articles of deceased customers. The central bank suggested that banks must release funds to nominees without demanding succession certificates or court orders, provided there's no dispute and only basic documents are submitted. Delays would attract penalties interest at bank rate plus 4% for deposits, and INR 5,000 per day for lockers. Even non-nominee claims can be processed internally up to INR 15 lakh. Feedback on the draft is being invited before final guidelines are issued.Read more

11 Aug 2025

Reliance Retail, India's largest retailer and part of Reliance Industries, has scaled up its capital expenditure by 37.5%, reaching INR 33,696 crore for FY2025-26. This surge aligns with its aggressive expansion strategy, including store rollouts, digital integration, and strengthening its FMCG presence. Revenue climbed to INR 3.3 lakh crore, backed by consumer electronics, grocery, and fashion segments. With nearly 19,340 stores, strategic partnerships with top global brands, and acquisitions of emerging Indian labels, the company has reinforced its leadership in both offline and online retail. It continues to lead in the omni-channel space, supported by platforms like JioMart and Milkbasket.Read more

11 Aug 2025

Chennai-based DRA Group has entered into a strategic joint venture with the Philippines-based Balajadia Family Office to develop a large-scale commercial and retail project in India. The collaboration, sealed during the Philippines-India Business Forum in Bengaluru, will see the development of one million square feet of Grade-A space in the first phase. The project is being launched with an estimated investment of USD 100 million and will be carried out through a specially created SPV platform.Read more

11 Aug 2025

The Goa government has introduced major stamp duty reductions on certain property-related transactions, including mortgage deeds without transfer of possession and trust deeds set up for family or charitable purposes. The proposed amendments aim to reduce financial burden on borrowers and promote formal registration of trusts. This follows earlier incentives offered to cooperative housing societies. The initiative complements ongoing national-level efforts to digitize property registration and strengthen ownership clarity, aligning Goa's reforms with broader real estate modernization across India.Read more

11 Aug 2025

The BDA has addressed a long-standing issue by revising its rules around occupancy certificates that previously required 10% of flats to be allocated for Economically Weaker Sections a mandate the High Court struck down as unconstitutional last year. Homebuyers who'd been stuck in limbo over such certificates can now move forward, with projects like Sobha Arena already receiving corrected OCs. This development ends a frustrating delay that began with a flawed circular, bringing welcome clarity and closure to affected buyers in the city.Read more

10 Aug 2025

Adani Airports is rolling out a city-side development plan worth INR 20,000 crore to reshape its airport business model and boost non-aeronautical revenue. Nearly 70% of this investment will go into Mumbai and Navi Mumbai airports. The first phase spans 655 acres across eight airports, with mixed-use developments like hotels, retail, offices, and entertainment zones. The company aims to increase non-aero revenue share from about 50% now to 70% by 2030. This move aligns with global airport-city models and follows a strong 25% year-on-year rise in airport segment revenue.Read more

10 Aug 2025

Schneider Electric Infrastructure saw its net profit slide by nearly 15% to INR 41.24 crore in the first quarter of the financial year, down from INR 48.48 crore in the same period last year. This drop in profit came despite an increase in total revenue, which rose to INR 625.93 crore from INR 595.51 crore. A significant rise in total expenses, climbing to INR 570.04 crore from INR 530.20 crore, weighed heavily on the bottom line. The results were disclosed through a regulatory filing made earlier this week.Read more

09 Aug 2025

Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more

09 Aug 2025

Taj Lands End in Bandra has received the coastal authority's nod to expand its premises with two new restaurants on its third-floor terrace, one poolside cafe and another with a retractable roof. The additions will come up under the revised CRZ rules of 2019, which allow additional FSI. The development sits on the former Hotel Searock site, damaged in the 1993 blasts. IHCL is also rebuilding the Searock property and has plans for a second Taj hotel, Taj Bandstand, on an adjoining plot.Read more

09 Aug 2025

Kerala has launched its first neurodiversity-friendly co-working hub at the Ernakulam South Metro Station in Kochi. Spanning approximately 48,000 square feet, the facility accommodates over 550 professionals and offers high-speed internet, dedicated meeting rooms, office pods, a cafeteria, and round-the-clock security. Designed around the globally recognised 'Spectra' model, the workspace aims to support neurodivergent individuals. The initiative, led by the state government and Infopark, is intended to attract startups, freelancers, and global capability centres, with plans to replicate the model at other transit locations.Read more

08 Aug 2025

Kalpataru Projects International recorded a nearly three-fold rise in its consolidated net profit for the quarter ending June 2025, driven by a significant increase in revenues. The company posted a net profit of INR 213.59 crore, up from INR 83.95 crore during the same quarter last year. Total income also jumped to INR 6,187.52 crore from INR 4,608.5 crore year-on-year. In addition, the board approved an extension of the validity for a corporate guarantee in favour of its 65% subsidiary, Kalpataru IBN Omairah Company Ltd, not exceeding USD 65 million, up to mid-2026.Read more

08 Aug 2025

Emaar Properties, one of Dubai's most prominent real estate developers, recorded a notable increase in net profit during the first half of the year, supported by a sharp surge in property sales and a significantly expanded project backlog. The firm continues to benefit from the strength of Dubai's residential market, which remains resilient due to consistent demand from both international investors and regional end-users. Emaar's diverse operations across hospitality, retail, and overseas markets further contribute to its sustained performance.Read more

08 Aug 2025

The Durst Organization has secured a major commercial mortgage-backed securities loan to support its One Five One office tower in Times Square. The financing, jointly led by Wells Fargo, JPMorgan, and Bank of America, will fund tenant upgrades and capital improvements. Legal counsel described the deal as a turning point for New York's office market, reflecting a growing appetite for premium, well-amenitised properties in the post-pandemic era. New tenants such as TikTok and Nasdaq mark a strong repositioning of the asset.Read more

08 Aug 2025

In a continuation of its upward financial trajectory, Kochi Metro Rail Ltd (KMRL) announced an operating profit of INR 33.34 crore for the ongoing financial year, marking the third year in a row it has registered a surplus. The metro operator recorded a notable improvement of INR 10.4 crore over the previous year, showcasing its sustained focus on operational efficiency and financial prudence. With steady gains in revenue from both ticketing and non-ticketing avenues, the company has underlined its commitment to long-term sustainability.Read more

08 Aug 2025

JSW Cement raised INR 1,080 crore from 52 anchor investors by allotting 7.34 crore shares at the upper end of the price band before its IPO opened. The INR 3,600 crore issue includes a fresh issue of INR 1,600 crore and an offer for sale of INR 2,000 crore. The company plans to use the proceeds for its new Rajasthan plant and to reduce debt. Despite posting a loss in the last fiscal year, the IPO has drawn strong institutional interest, supported by JSW Cement's expansion and sustainability focus.Read more

08 Aug 2025

India's top six cities witnessed a 14% rise in net office space leasing during the 2024-25 fiscal, reaching an all-time high of 65 million square feet, as per ICRA. The leasing momentum is expected to continue through 2025-26, driven by strong demand from Global Capability Centres (GCCs), BFSI institutions, flex-space operators, and domestic IT-BPM firms. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune were the key cities leading this growth. The April-June quarter alone accounted for 17 million sq ft of fresh absorption.Read more