31 Jul 2025

Hongkong Land reported a net profit of USD 297 million in H1 2024, reversing its prior-year loss due to reduced valuation losses on investment properties. Despite ongoing high vacancy rates in Hong Kong's office market, the company's Central portfolio remains nearly fully occupied. Underlying profit held steady at USD 384 million, and an interim dividend of 6.5 US cents per share was maintained. The company saw stable performance from development projects in mainland China, Singapore, and Indonesia, supported by resilient demand. With moderate gearing and strong liquidity, Hongkong Land expressed cautious optimism, highlighting disciplined capital management and confidence in long-term recovery.Read more

31 Jul 2025

The Bruhat Bengaluru Mahanagara Palike uncovered around 3.7 lakh properties in the city with unpaid property taxes amounting to INR 700-800 crore. Despite reminders and auction notices issued for 6,000-7,000 properties, compliance remains poor. Authorities are now blocking e-khata accounts to stop property transactions until dues are cleared. This enforcement drive is expected to stretch over several months, aiming to recover dues and deter further evasion.Read more

31 Jul 2025

The Reserve Bank of India has introduced a fresh framework limiting how much banks, NBFCs, and All-India Financial Institutions can invest in Alternative Investment Funds. As per the new rules, no regulated entity can invest more than 10 % in any AIF scheme, and total investment from all such entities cannot exceed 20 % of the AIF's corpus. If more than 5 % is invested in a scheme that indirectly funds a borrower of the investor, a 100 % provision will be required. These directions will come into force in early 2025, with previous investments covered under older norms.Read more

31 Jul 2025

Bengaluru Airport City Ltd (BACL), a subsidiary of Bangalore International Airport Ltd, has joined hands with Prestige Group to establish a large-scale, integrated convention and exhibition centre within the airport premises. Designed to host global events, the venue will include an 8,000-seat Convention and Exhibition Centre, a luxury hotel under the St. Regis brand, a performing arts theatre, premium office spaces, and curated food and beverage experiences. The collaboration highlights BACL's commitment to enhancing global connectivity and positioning Bengaluru as a leading MICE destination.Read more

31 Jul 2025

Retail space leasing in key Indian cities witnessed a notable 69 percent year-on-year increase during the first half of the year, reaching approximately 5.7 million sq ft, as per JLL India. This growth was attributed to heightened demand from both domestic and international retailers. Simultaneously, new supply of retail space more than doubled to 2.3 million sq ft across seven prominent cities. The sector has already achieved 70 percent of last year's total leasing activity, and leasing volumes are projected to surpass 10 million sq ft for the full year.Read more

31 Jul 2025

Nexus Select Trust reported strong Q1 FY26 performance with net operating income rising 11.65% to INR 460.2 crore and total income up 12% to INR 647.9 crore. Retail tenant sales touched INR 3,300 crore amid steady 97% occupancy. Despite a 14% drop in net profit, the REIT maintained its eighth consecutive full payout of INR 2.23 per unit. Key acquisitions-Vega City, Bengaluru and MBD Ludhiana-showed positive traction. Debt cost dropped to 7.5%, with ample headroom for growth. Operating across 19 Grade-A retail centres in 15 cities, the REIT expects 15% NOI and 10% distribution growth in FY26.Read more

31 Jul 2025

Jamshedpur's registration department will increase benchmark property rates by 10% starting next month, impacting freehold areas like Sonari, Mango, Jugsalai, and Ulyan. This revision will raise stamp duty and registration charges, prompting buyers to possibly expedite deals at current rates. Leasehold areas under Tata Steel, such as Bistupur, Sakchi, and Kadma, remain unaffected, offering more cost-effective options. Officials anticipate a short-term spike in demand for properties registered under existing lower rates and potential rental hikes as owners adjust for higher acquisition costs. The move is part of the state's routine property valuation review and may shift investor focus toward leasehold zones.Read more

31 Jul 2025

India is set to receive USD 100 billion in investments from the European Free Trade Association (EFTA) over the next 15 years as part of a trade agreement signed in March 2024. The deal, which becomes effective from October, will see funding channeled into infrastructure, manufacturing, pharmaceuticals, and other key sectors. In return, India has agreed to reduce or eliminate tariffs on products such as Swiss watches, chocolates, and polished diamonds. Meanwhile, the US has increased duties on seafood and automobiles, affecting Indian exporters.Read more

31 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) recently raised nearly INR 2,006 crore through a Qualified Institutional Placement (QIP), following the remarkable response to its IPO last year. The move has drawn significant participation from heavyweight investors, including LIC and global financial firms such as Morgan Stanley and Societe Generale. The strong market performance of IREDA's stock post-listing reflects widespread investor optimism around India's renewable energy push. The developments underscore the growing global and domestic confidence in the company's business model and the sector's long-term growth prospects.Read more

31 Jul 2025

Home First Finance Company India has reported a significant 35.47 percent surge in its net consolidated profit after tax for the quarter ending June 30, 2025, reaching INR 118.89 crore. The company also saw a healthy 33.38 percent growth in total consolidated income. This strong financial performance is complemented by a 28.6 percent year-on-year increase in Assets Under Management (AUM) and a seven percent rise in disbursements. The successful completion of a Qualified Institutional Placement (QIP) and a credit rating upgrade are set to strengthen HomeFirst's capital base and support its expansion plans, including a growing branch network and low gross non-performing assets (NPA).Read more

30 Jul 2025

A recent CBRE analysis has indicated that rising economic rents across key Asia Pacific markets have made office leasing increasingly expensive for occupiers, prompting many corporates to reassess the economics of building their own premises versus continuing to lease. While the 'build' option had long appeared capital-intensive, recent rent escalations in prime markets such as Mumbai, Ho Chi Minh City, and Manila have tipped the scale in favour of ownership for some. This shift is reshaping long-term real estate strategy discussions among occupiers with substantial space requirements.Read more

30 Jul 2025

Aditya Birla Real Estate (ABREL) is targeting sales bookings of INR 15,000 crore by fiscal year 2028, reflecting its aggressive growth plans following a strategic restructuring. The company, which recently divested its pulp and paper business, aims to develop new projects primarily through joint ventures and joint development agreements to minimize capital expenditure. ABREL is also working towards a net debt-free balance sheet to ensure financial health. This renewed focus on real estate, coupled with an emphasis on partnerships and a strong balance sheet, positions the company for significant expansion in India's dynamic property market.Read more

30 Jul 2025

Larsen & Toubro (L&T) has reported a robust 29.8% rise in consolidated net profit to INR 3,617.19 crore for the June quarter, driven by strong operational revenue growth. The company also saw a 16% year-on-year increase in revenue, touching INR 63,679 crore. The order book stands tall at INR 612,761 crore, marking the highest first-quarter inflow in its history. With its five-year Lakshya'26 strategic roadmap nearing completion, L&T appears firmly on track to exceed its financial and diversification targets across core and new-age sectors.Read more

30 Jul 2025

Leasing of industrial and warehousing spaces in India surged by 63 percent in the first six months of this calendar year, reaching 27.1 million square feet across eight major cities. This growth, primarily driven by strong demand from e-commerce players and third-party logistics (3PL) providers, highlights a reshaping of the logistics landscape due to evolving consumer expectations and supply chain optimization. Delhi-NCR led the leasing activity, followed by Bengaluru and Hyderabad. The trend is expected to continue into the second half of the year, with a focus on premium, sustainable, and tech-enabled facilities, as India's e-commerce market continues its rapid expansion.Read more

30 Jul 2025

Kolte-Patil Developers Ltd has reported a consolidated net loss of INR 16.99 crore for the quarter ending June, a shift from a profit in the same period last year. The company's total income also saw a sharp decline to INR 96.81 crore. This financial performance, reported today, follows a period where the real estate firm had recorded a profit of INR 6.23 crore in the year-ago period and a significantly higher total income. Kolte-Patil Developers is a leading real estate firm with a notable presence in Pune, Mumbai, and Bengaluru.Read more

30 Jul 2025

Realty firm Omaxe Ltd has raised INR 431 crore through the issue of Non-Convertible Debentures (NCDs) on a private placement basis. This capital infusion, primarily for business growth, was executed through its subsidiary, Omaxe New Chandigarh Developers Pvt Ltd. The move follows Omaxe's recent announcement of acquiring a 450-acre land parcel in Indore for a large township project with an investment of INR 1,200 crore. This fundraising via NCDs highlights Omaxe's strategy to expand its presence across North and Central India, building on its extensive development portfolio.Read more

30 Jul 2025

The Lucknow Municipal Corporation (LMC) has revised its waste collection charges, linking them to property tax records-INR 50/month for homes taxed up to INR 5,000 annually and INR 100 for higher-taxed properties. This citywide charge applies even in areas where LMC collection is irregular or absent, prompting criticism from residents in zones like Chinhat and Gomtinagar who already pay private collectors. While LMC claims the move enhances transparency and funds long-term improvements, locals call it unfair. This is the first update since 2017 and offers relief to 40% of lower-taxed households. Payments are mandatory, with a 10% discount for advance online payments.Read more

30 Jul 2025

Mahindra Lifespace Developers (MLDL) reported a Q1 FY2026 net profit of INR 51.26 crore, up from INR 12.74 crore year-on-year, despite a sharp 80% drop in total income to INR 40.61 crore. The company raised INR 1,494.54 crore via a successful rights issue to support debt repayment, land acquisition, and working capital. Gross development value additions surged to INR 3,500 crore, up from INR 1,400 crore. Residential pre-sales dropped to INR 449 crore due to pending approvals, with new launches expected soon. MLDL maintained a low debt-equity ratio of 0.19 and saw active leasing in its industrial segments in Jaipur and Chennai.Read more

30 Jul 2025

Aadhar Housing Finance has reported a net consolidated profit of INR 237.28 crore for the first quarter of fiscal year 2026, marking an 18.56 percent increase. This growth comes with a 19.38 percent rise in total income, driven by strong demand in the affordable housing sector. The company also saw its Assets Under Management (AUM) grow by 22 percent year-on-year to INR 26,524 crore, with disbursements up 32 percent. This strong financial performance highlights Aadhar Housing Finance's health and its role in meeting the growing need for affordable homes across India.Read more

29 Jul 2025

Realty firm Brigade Enterprises recently announced it aims for revenue exceeding INR 1,000 crore from its newly launched residential project, 'Brigade Avalon', in Bengaluru. The project, spread across 4.36 acres on Whitefield Main Road, features 206 apartments and offers a total development area of 6.4 lakh square feet. Whitefield is a key area for Brigade Enterprises, which has been a leading real estate developer since 1986, with a diversified portfolio across residential, office, and retail properties, alongside interests in hospitality and education.Read more