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

24 Jul 2025

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.Read more

24 Jul 2025

Aurum PropTech has confirmed a 100% equity acquisition in PropTiger Marketing Services India Pvt Ltd from REA India Pte, Singapore, through a strategic all-stock equity swap. The deal includes issuing over 42 lakh equity shares to REA Group, the Australia-based parent of REA India. PropTiger, based in Gurugram, is part of REA India, which also owns Housing.com. The move aligns with Aurum PropTech's broader vision, including its recently SEBI-approved SM-REIT initiative and expansion across digital real estate services.Read more

24 Jul 2025

The Greater Noida Industrial Development Authority (GNIDA) is facing substantial financial challenges, striving to recover over INR 4,081 crore in outstanding dues from 21 major real estate projects. Efforts to collect these significant amounts are hampered by ongoing legal battles across various courts, including the National Company Law Tribunal (NCLT) and the Supreme Court. Major defaulters identified include Supertech Ltd and Unitech Ltd, whose projects are under judicial supervision.Read more

24 Jul 2025

Oberoi Realty Ltd, a leading Mumbai-based real estate developer, reported a 28 percent decline in its consolidated net profit for the June quarter, settling at INR 421.25 crore, primarily due to reduced income. The company's total income for the first quarter of the current fiscal year fell to INR 1,073.98 crore. Despite this profit reduction, Oberoi Realty achieved robust property sales of INR 1,639 crore during the April-June quarter and declared an interim dividend of INR 2 per equity share, equivalent to 20 percent of the face value, for the fiscal year 2025-26.Read more

24 Jul 2025

Beta Group, a USD 4 billion diversified transnational conglomerate, has formally entered India's real estate and infrastructure sector through a strategic investment in Anta Builders, a prominent Kerala-based construction and property development company. Beta Group will acquire a 10 percent stake in Anta Builders, valued at INR 550 crore, and will join its board. This partnership aims to jointly raise INR 500 crore for future projects, focusing on high-growth urban centers like Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.Read more

24 Jul 2025

Urban local bodies across Uttar Pradesh have initiated a significant house tax recovery drive from July 15 to July 31 that aims to collect pending dues from over 55 lakh properties in 17 major cities. This intensive campaign targets an ambitious revenue of INR 1,862 crore, building on a robust 21% growth in consolidated revenue to INR 5,568 crore in the 2024-25 financial year. The initiative, crucial for funding civic services and urban development, also addresses property owners' grievances stemming from recent GIS-based tax revisions.Read more

24 Jul 2025

Sharjah-based developer Arada is preparing to issue up to USD 500 million in a sukuk Islamic bond to finance fresh land purchases and support its growth during the UAE's booming real estate cycle. Following a strong USD 150 million sukuk tap last September and a USD 400 million issuance prior, Arada aims for similarly high demand. It joins regional peers like Sobha Realty and Omniyat, who also raised USD 500 million this year. Founded in 2017, the firm posted over USD 1.1 billion in revenue last year, marking a 40% rise and expanding internationally, including plans in Australia.Read more

23 Jul 2025

Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has successfully raised INR 2,000 crore for its sixth real estate fund, the Indian Realty Excellence Fund VI (IREF-VI). The capital, garnered from a diverse investor base including family offices, Indian High Net Worth Individuals (HNIs), and offshore investors via the GIFT City route, has already seen about 75 percent allocated across 15 real estate projects. Primarily focused on mid-income residential developments in major Indian cities, the fund has already achieved its first exit, reflecting MO Alternates' robust investment strategy and growing real estate AUM exceeding INR 10,000 crore.Read more

23 Jul 2025

ITC Hotels Ltd has opened a new property in Prayagraj under its Welcomhotel brand, adding to its expanding portfolio in Uttar Pradesh. The newly launched 60-key hotel brings the company's total footprint in the state to seven operational properties, with six more under development. In a parallel development, TACC Ltd and the National Council for Cement and Building Materials (NCB) have formalised a partnership to innovate in next-generation construction materials using graphene-based additives.Read more

23 Jul 2025

IndiQube Spaces has mobilised over INR 314 crore through anchor investors prior to its initial public offering (IPO). Key investors include Aditya Birla Sun Life MF, WhiteOak MF, and international entities such as BNP Paribas and Societe Generale. Shares were allotted at INR 237 each to 29 funds. The Bengaluru-based workplace solutions firm aims to raise INR 700 crore through the IPO, which includes a fresh issue of INR 650 crore and an INR 50 crore Offer for Sale. The capital will fund expansion, debt repayment, and corporate operations.Read more

23 Jul 2025

NLC India Renewables Limited (NIRL), the green energy arm of government-owned NLC India, is set to launch an Initial Public Offering (IPO) aiming to raise INR 4,000 crore. This capital infusion will support NIRL's ambitious expansion plans to achieve 10 GW of green energy capacity by 2030, with a long-term target of 32 GW by 2047. The move, bolstered by a recent Cabinet Committee on Economic Affairs (CCEA) approval granting NLC India significant investment flexibility, aligns with India's broader national goals of achieving 500 GW of non-fossil fuel energy by 2030 and net-zero emissions by 2070.Read more

23 Jul 2025

JSW Paints is set to acquire a 74.76% stake in Akzo Nobel India for INR 12,915 crore via a share purchase agreement with Akzo Nobel N.V., which will retain its powder coatings and R&D operations in India. JSW has also initiated an open offer to buy the remaining 25.24% from public shareholders, aiming for full ownership pending CCI approval. Akzo Nobel India, known for Dulux and Sikkens, boasts strong market presence and brand equity. JSW Paints, launched in 2019, has been expanding rapidly with two manufacturing units and a consumer-first approach. Meanwhile, Asian Paints exited its 4.42% stake, valued at INR 734 crore.Read more

22 Jul 2025

The Tamil Nadu government has revamped property valuation rules to enhance transparency and align with market realities. A key change is the formal definition of 'composite value' which now includes both the built-up area and undivided land share of a flat's resolving past ambiguity in multi-storey building valuations. Valuation committees can now revise guideline values year-round, instead of only in October. New rules also factor in property quality, location, road access, and amenities under the Tamil Nadu Apartment Ownership Act, 2022. District registrars have been instructed to implement the changes immediately, with updated guideline values to be published online shortly.Read more

22 Jul 2025

At a recent United Nations forum, NITI Aayog Vice Chairman Suman Bery highlighted India's growing influence as a reliable pillar of global stability. Addressing world leaders, he emphasized India's sustained economic momentum, poverty alleviation achievements, and its scalable development model, especially relevant for fellow nations in the Global South. With digital inclusion, policy reforms, and youth empowerment at the core of its progress, India continues to demonstrate how inclusive growth can be both effective and exportable to the wider world.Read more

22 Jul 2025

A parliamentary committee reviewing the Income-Tax Bill, 2025 has proposed over 550 changes to improve clarity, reduce taxpayer burden, and resolve legal ambiguities. One of its key recommendations includes allowing small taxpayers to claim refunds even if returns are filed after the due date provided their income is below the taxable limit. The committee also called for improved tax provisions for property owners and clearer rules for non-profits, small businesses, and provident fund withdrawals. These recommendations aim to align the bill with existing laws and address loopholes before implementation.Read more

22 Jul 2025

Kalpataru Ltd has recorded its highest-ever annual pre-sales, touching INR 4,531 crore for the financial year ending March 2025, reflecting a 41% increase over the previous year. The surge was driven by robust demand across the residential segment, launch of seven new projects totalling 6.5 million sq. ft., and two major redevelopment agreements worth INR 2,100 crore in gross development value. With its successful IPO in June, which raised INR 1,590 crore, the company significantly reduced its debt and reported a strong rebound in net profit. Its focus remains on the Mumbai Metropolitan Region and Pune its key growth markets.Read more

22 Jul 2025

Lodha Developers Ltd. has raised INR 350 crore through non-convertible debentures (NCDs) via private placement, aiming to support its ongoing business expansion. This follows an earlier INR 300 crore NCD issue in July, reflecting the company's steady capital-raising strategy. NCDs are fixed-income instruments that help firms raise funds without diluting equity. Lodha, formerly Macrotech Developers, is a major player in India's real estate market, with a strong presence in Mumbai, Pune, and Bengaluru. Its diverse portfolio spans residential housing, office spaces, malls, and industrial parks. The latest funding round highlights Lodha's focus on scaling its projects and maintaining growth momentum.Read more

22 Jul 2025

The Municipal Corporation of Delhi (MCD) has conducted 2,333 property tax camps across 12 zones under the SUNIYO scheme, aimed at boosting compliance and offering relief to property owners. With over 59,000 taxpayers already availing benefits, the initiative has generated INR 145.19 crore in collections. The scheme grants a full waiver on interest and penalties for dues predating FY 2020-21, provided the principal tax for FY 2025-26 and the previous five years is cleared. A 10% rebate on lump sum payments for FY 2025-26 remains available until the end of July.Read more

22 Jul 2025

India's Grade A industrial and warehousing sector recorded a 33% year-on-year increase in demand during the first half of 2025, with leasing activity reaching approximately 20 million sq ft across the top eight cities. Delhi NCR and Chennai accounted for nearly half of this demand, driven largely by 3PL, engineering, and e-commerce firms. Major deals exceeding 200,000 sq ft constituted more than half of the leasing activity, with new supply almost matching demand at 19 million sq ft. Vacancy rates remained steady, while key micro markets experienced rental escalations.Read more