27 Jul 2025

Ashiana Housing Ltd has reported an 83% surge in Q1 FY2025 sales bookings, reaching INR 430.97 crore, up from INR 235.32 crore in the same period last year. The company sold 5.95 lakh sq ft of residential space during April-June, compared to 4.42 lakh sq ft in Q1 FY2024. Known for its group housing projects and leadership in senior living developments, Ashiana continues to benefit from strong market demand and buyer confidence. This robust performance follows FY2024-25's total sales of INR 1,936.75 crore, highlighting sustained momentum for the Delhi-based developer and reflecting broader optimism in India's residential real estate market.Read more

27 Jul 2025

Goa's solar industry is set for a major leap, with projected growth in business turnover from INR 37 crore to INR 325 crore by 2027, backed by strong policy support and central subsidies. The Solar Power Association of Goa (SPAG) anticipates a sharp rise in solar capacity, consumer investments, and employment in the sector. Thanks to initiatives like the PM Surya Ghar Scheme and Goa's own solar policy, the state expects its solar footprint to expand to 65 MW in the next two years, significantly contributing to the green energy momentum.Read more

27 Jul 2025

Khushi Advertising has partnered with Nexus Ahmedabad One Mall to launch VERTIQ, a towering vertical-format digital screen under its KHUSHI D3X DOOH portfolio. Located at Gujarat's largest mall, the screen stands 10.5 ft - 31.5 ft and offers high-resolution, high-refresh-rate LED display capabilities, fully supporting 3D and anamorphic content. Designed to run 10-second ads in a 2-minute loop, VERTIQ enables brands to connect with over 900,000 monthly mall visitors through engaging, high-impact visuals. The screen enhances retail visibility and enriches the mall's experiential environment for both brands and consumers.Read more

27 Jul 2025

Ladakh Lieutenant Governor Kavinder Gupta recently interacted with representatives from the People of India Chamber of Commerce and Industry (PIOCCI) in New Delhi to discuss strategies for boosting foreign investments and economic development in the Union Territory. During the meeting, PIOCCI revealed its plans to organize a global investment summit specifically focused on Ladakh. Having recently assumed office on July 18, LG Gupta emphasized Ladakh's immense potential across sectors like eco-tourism, renewable energy, and agro-based industries, assuring potential investors of a favorable business environment backed by government incentives and support for socio-economic transformation.Read more

26 Jul 2025

Empower Finance Inc., a U.S.-based fintech firm, has acquired Indian digital lending platform NIRA, aiming to scale its impact in emerging markets. The move strengthens Empower's foothold in India by leveraging NIRA's local expertise and customer base, especially in underserved Tier 3 cities and rural areas. NIRA, founded in 2018, has disbursed over INR 1,600 crore (approximately USD 200 million) in personal loans and turned profitable in 2023. Empower's global operations already span the U.S., Mexico, and the Philippines, serving over 5 million users. The acquisition will help both firms accelerate innovation and expand financial access to India's working-class population.Read more

26 Jul 2025

Croma, the electronics and consumer durables retail arm of Infiniti Retail Ltd under the Tata Group, has expanded its retail network with the opening of a new outlet in Tambaram West, Chennai. This becomes the brand's 22nd store in the city and 38th in Tamil Nadu. With increasing demand for premium electronics in the region, the move reinforces Croma's commitment to strengthening its presence in high-growth urban pockets. The newly launched store spans 6,540 sq ft and is part of the RR Shopping Complex on Mudichur Road.Read more

26 Jul 2025

Renowned filmmaker Subhash Ghai, in partnership with Crest Ventures and Mukta Arts, has leased out a commercial office space in Andheri West for a monthly rent of INR 3.38 lakh. The 7,500 sq ft office, part of the Crest Mukta development, has been let to Riya Healthcare for five years. The lease includes a 5% annual rent escalation and a total expected rental income of around INR 2.24 crore over the term. The agreement was formally registered earlier this week with a security deposit of INR 24.66 lakh.Read more

26 Jul 2025

IndiaMART InterMESH announced a robust financial performance for the first quarter of fiscal year 2025-26, with its standalone net profit surging by 35 percent year-on-year to INR 154 crore. This positive result, coupled with a 12 percent growth in consolidated revenue from operations, is likely to keep IndiaMART shares in focus. The company also demonstrated healthy increases in customer collections and deferred revenue, driven by operational efficiencies including GenAI integration.Read more

25 Jul 2025

Retail space leasing activity across eight major Indian cities witnessed a 6% year-on-year decline in the April to June quarter, clocking 2.24 million sq. ft. as per Cushman & Wakefield. While high-street locations led with 55% of the share, shopping malls contributed 45%. Cities like Ahmedabad, Bengaluru, and Delhi-NCR recorded steep drops, while Mumbai, Pune, and Chennai showed notable growth. The vacancy in premium malls is easing, and a robust pipeline of around 4 million sq. ft. of Grade A retail space is expected to enter the market in the second half of the year.Read more

25 Jul 2025

Nexus Seawoods Mall in Navi Mumbai has announced the debut edition of the Art of Happyness Utsav 2025, a four-day cultural event curated in collaboration with EkiBeki. Set to take place from July 25 to 28, the celebration will feature over 25 stalls by rural and tribal women artisans, interactive tribal art workshops, and a live painting of a 24-foot chandelier by artist Dhanya Namboothiri. The chandelier will later be installed in the mall atrium as a life-sized art piece in August.Read more

25 Jul 2025

The Indian real estate sector is witnessing significant leadership changes at two prominent firms. Priyansh Kapoor, formerly Godrej Properties' Zonal CEO for the Mumbai Metropolitan Region, has been appointed as the new Whole-time Director and CEO of Arvind SmartSpaces (ASL), effective next month. His departure from Godrej Properties led to the appointment of Amitesh Shah as the new Zonal CEO MMR. Concurrently, Godrej Properties also announced Sandeep Navlakhe as its new Chief Operating Officer, following Vikas Singhal's resignation.Read more

25 Jul 2025

Sri Lotus Developers, a luxury real estate firm led by Anand Kamalnayan Pandit, has announced its INR 792 crore Initial Public Offering with a price band set at INR 140 to INR 150 per share. The IPO, set to open for subscription in the coming week, is a 100% fresh issue, with proceeds aimed at funding ongoing premium residential and commercial projects in Mumbai's western suburbs. The offering has attracted prior backing from prominent investors, including Bollywood celebrities and investor Ashish Kacholia, who collectively invested over INR 407 crore in a private placement round late last year.Read more

25 Jul 2025

Shares of Reliance Power and Reliance Infrastructure each plummeted 5%, hitting their respective lower circuit limits on the BSE, after the Enforcement Directorate (ED) launched large-scale raids in connection with a INR 3,000 crore bank loan fraud involving companies linked to Anil Ambani. The ED is investigating suspected money laundering and loan diversion tied to loans disbursed by Yes Bank between 2017 and 2019. While both firms emphasized that these developments bear no impact on their operations or governance, investor concerns triggered a sharp market reaction.Read more

25 Jul 2025

Aditya Birla Real Estate Ltd (ABREL) reported a consolidated net loss of INR 27.08 crore in Q1 FY2025-26, reversing its INR 17.35 crore profit from the same period last year. The company's total income also fell to INR 157.41 crore from INR 365.24 crore year-on-year. Losses from continued operations stood at INR 47.30 crore, partially offset by a INR 20.22 crore profit from discontinued operations. Formerly Century Textiles & Industries Ltd, ABREL recently exited its pulp and paper business to concentrate solely on real estate. The results reflect the company's transitional phase as it streamlines operations and repositions itself within India's property development market.Read more

25 Jul 2025

Bengaluru's rollout of the digital e-khata system has brought hidden property tax liabilities into light. Around half a million properties were found to be underreported either by misclassifying commercial space as residential or understating built-up area leading to nearly INR 500 crore in recoveries. With over 5.5 lakh final e-khatas issued and draft versions for millions more, BBMP is sending notices and expects to recoup substantial sums yet to be assessed. This initiative builds on previous audits and is rapidly transforming tax transparency in the city.Read more

25 Jul 2025

PNB Housing Finance recorded a 23% rise in its net profit for the first quarter of FY26, driven by steady growth in loan disbursements, improved margins, and better asset quality. Profit rose to INR 534 crore, while total income crossed INR 2,080 crore. Retail-focused lending and higher disbursals in affordable and emerging segments contributed significantly. The company also improved its asset quality and strengthened its capital position, with assets under management growing 13% year-on-year.Read more

25 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) is set to raise between INR 2,500 crore and INR 3,000 crore through a Qualified Institutional Placement (QIP) this fiscal year. This fundraising initiative aims to significantly boost IREDA's lending capacity to INR 30,000 crore, enabling it to further support India's ambitious renewable energy projects. A recent policy change, designating IREDA's bonds as 'long-term specified assets' for capital gains tax exemption, is expected to reduce the company's cost of capital and enhance its market appeal, reinforcing its crucial role in the nation's green energy transition.Read more

24 Jul 2025

Executive Centre India has filed its draft red herring prospectus with SEBI, seeking to raise INR 2,600 crore through a fully fresh issue IPO with no offer-for-sale component. The Mumbai-based premium flexible workspace provider plans to utilise the capital to invest in its Abu Dhabi subsidiary and part-finance the acquisition of TEC SGP and TEC Dubai from promoter TEC Singapore. With a strong pan-Asia presence and significant financial growth in FY25, the company aims to further solidify its leadership in the premium co-working space segment.Read more

24 Jul 2025

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, raised INR 325 crore from 17 anchor investors just before its IPO opened for public subscription. The price band for the IPO has been set between INR 85 and INR 90 per share, with the offering expected to raise INR 759.6 crore entirely through a fresh issue. The proceeds will primarily be used to reduce debt, purchase land from the parent company, and fund strategic growth. The company operates nine hotels across South India and GIFT City under brands like Marriott, Accor, and IHG.Read more

24 Jul 2025

Mindspace Business Parks REIT has added an 8 lakh sq ft commercial asset, 'Q-City', in Hyderabad's Financial District to its portfolio for INR 512 crore. The acquisition, finalized through a 100% stake in Mack Soft Tech Pvt Ltd, marks the company's first large external buy. With this move, Mindspace's total portfolio grows to 37.9 million sq ft, reinforcing its footprint in India's fastest-growing Global Capability Center hub. The asset was acquired at an 11.6% discount and reflects a 9.9% capitalization rate, signaling strategic capital deployment.Read more