18 Jul 2025

Housing and Urban Development Corporation Ltd (HUDCO) has approved plans to raise up to INR 3,000 crore through non-convertible debentures, as confirmed in a recent regulatory filing. The funds will support affordable housing, integrated townships, and key urban infrastructure projects like water supply, roads, drainage, and transport systems. A key lender to state governments and public bodies, HUDCO plays a central role in financing India's urban growth. The debentures are aimed at attracting long-term institutional investors and align with HUDCO's strategy to fund development without impacting equity. This move reinforces its commitment to strengthening infrastructure across rapidly urbanising regions.Read more

18 Jul 2025

Sunteck Realty Ltd posted a 47% jump in consolidated net profit for Q1 FY26, reaching INR 33.43 crore compared to INR 22.78 crore a year ago. However, total income declined to INR 201.53 crore from INR 328.01 crore in the same period last year. The company continues to centre its operations in the Mumbai Metropolitan Region, where it has delivered several residential and commercial developments. The profit growth amid falling income reflects efficient cost control and potentially better margins on its projects. Sunteck's performance highlights its focus on financial discipline and execution strength within a competitive real estate market.Read more

18 Jul 2025

Smartworks Coworking Spaces Ltd made a confident debut on the stock exchanges this past week, listing at a premium of over 7% compared to its issue price of INR 407. The Gurugram-based company's IPO, which aimed to raise INR 583 crore, received a robust subscription of 13.45 times on the final bidding day, underlining strong investor appetite. The IPO proceeds will primarily be used to expand its flexible office space portfolio and reduce debt. With 48 operational centres and more than 1.9 lakh seats across major Indian cities, Smartworks is positioning itself for accelerated growth in India's evolving office real estate segment.Read more

18 Jul 2025

Real estate developer Kalpataru Ltd witnessed a 42% drop in its consolidated net profit to INR 14 crore during the January-March quarter of FY25, largely impacted by increased expenses. Despite the dip in bottom line, the company's operational momentum remained strong, with revenue from operations rising 21% year-on-year to INR 667 crore. The quarter also saw pre-sales touch an all-time high of INR 1,724 crore, up nearly 79%, with average realisation per square foot improving significantly. Kalpataru ended the full fiscal year with a turnaround, reporting a net profit of INR 21.6 crore compared to a loss in the previous year, supported by a robust project pipeline and a successful IPO.Read more

18 Jul 2025

Embassy Office Parks REIT, India's first publicly listed Real Estate Investment Trust, is reportedly planning a bond sale aimed at raising INR 2,000 crore. This significant financial move is intended to fuel the REIT's strategic expansion, facilitate the acquisition of new properties, and potentially refinance existing debt. The decision reflects confidence in the robust commercial real estate market and the strong performance of its diverse portfolio, which currently boasts high occupancy rates and substantial net operating income, positioning the REIT for continued growth in India's dynamic office space sector.Read more

18 Jul 2025

The Himachal Pradesh government has achieved a significant legal victory at the Supreme Court, securing an increased royalty of 18 percent from the 1045 MW Karcham-Wangtu hydroelectric project, up from the previous 12 percent. This ruling, overturning a past High Court decision, is expected to generate an additional annual income of approximately INR 150 crore for the state. Beyond this specific project, the verdict sets a crucial precedent for other hydropower ventures that have completed their initial operational period, potentially adding over INR 250 crore annually to the state's treasury, affirming Himachal Pradesh's rights over its natural resources.Read more

18 Jul 2025

China Vanke, a major state-backed real estate developer, reported a projected net loss of up to USD 1.67 billion for the first half of the current year, marking one of its worst performances to date. The downturn stems from a sharp drop in project settlements, contracting profit margins, additional provisions, and asset impairments. Vanke's troubles follow a historic annual loss of nearly USD 6.8 billion in 2024. In response, Shenzhen's municipal government intervened through funding support and leadership overhaul via Metro Group. Despite these efforts, market confidence remains shaky, with share prices falling and analysts warning of ongoing liquidity and repayment risks.Read more

17 Jul 2025

Andhra Pradesh Chief Minister Shri N Chandrababu Naidu urged Union Finance Minister Smt Nirmala Sitharaman to sanction an additional INR 10,000 crore for the state in the upcoming fiscal year, specifically under the Special Assistance to States on Capital Investment (SASCI) scheme. Highlighting persistent financial constraints due to state bifurcation, Naidu also sought funds for the ambitious Amaravati capital project. Separately, the Chief Minister participated in a crucial meeting yesterday with Union Jal Shakti Minister CR Patil and his Telangana counterpart, addressing long-standing inter-state water management issues, signaling a multi-faceted push for state development and resource resolution.Read more

17 Jul 2025

The National Highways Authority of India (NHAI) has seen a slowdown in road construction contract awards, following tighter bidding norms introduced by the Ministry of Road Transport & Highways. The new rules require additional performance securities, discouraging aggressive underbidding by financially weaker players. While aimed at ensuring quality, the changes have slowed new project awards, with well-funded infrastructure firms now dominating bids. With road projects making up a major chunk of annual inflows, EPC companies are seeing weaker order books and muted growth. Many are diversifying into sectors like solar, BESS, and railways. Order activity is expected to rebound later in FY26.Read more

17 Jul 2025

Office space solutions provider 91Springboard has made its foray into Chennai by leasing an entire commercial building in Guindy. With this 28,000 sq ft facility, Chennai becomes the ninth city in the company's pan-India network, which now spans over 1.5 million sq ft and includes 30,000 desks. The new centre will feature a mix of ready-to-use private suites and customised built-to-suit workspaces. 91Springboard attributed Chennai's commercial real estate growth to rising demand from sectors such as IT, BFSI, and Global Capability Centres.Read more

17 Jul 2025

ITC Hotels Ltd reported a 53% year-on-year rise in net profit for Q1 FY26, reaching INR 133.71 crore. This growth was supported by increased travel demand and a boost in operating revenue, which climbed to INR 815.54 crore. Higher room rates, solid occupancy, and strong food and beverage performance across urban and resort destinations contributed to the uptick. Expenses rose due to service upgrades and inflationary costs, but margins remained stable. Pursuing an asset-light expansion model, the company continues to grow its presence via managed properties. A rebound in corporate travel, leisure tourism, and MICE activities has further strengthened sectoral momentum.Read more

17 Jul 2025

Navi Mumbai witnessed a notable 40% rise in demand for premium office spaces in 2024, reaching 5.8 million square feet, according to CRE Matrix. With its status as one of India's most affordable office destinations averaging INR 65 per sq. ft. the region has drawn major leasing activity, particularly in hubs like Airoli, Ghansoli, Vashi, and Belapur. Gross leasing during the first half of this year surpassed 2.7 million sq. ft., and ongoing infrastructure projects such as the upcoming Navi Mumbai International Airport are expected to further stimulate leasing momentum.Read more

17 Jul 2025

HDB Financial Services reported a 2.4% year-on-year drop in net profit to INR 568 crore for Q1 FY26. This decline was primarily due to a sharp rise in loan loss provisions (over 60% to INR 670 crore) and an increase in gross stage-3 assets (NPA ratio up to 2.56%). Despite this, gross loans grew 14.3% to over INR 1 lakh crore. Disbursements fell due to reduced enterprise lending, but revenue from operations rose 15% to INR 4,465 crore. This is the non-bank lender's first quarterly report post-listing, highlighting mixed financial performance.Read more

17 Jul 2025

Belagavi City Corporation (BCC) recorded an all-time high property tax collection of INR 44.7 crore in the first quarter of FY26. This milestone was driven by an aggressive early-payment incentive campaign and structured tax recovery strategy. The civic body had already collected INR 30.8 crore in April alone without any special campaign which set the tone for this record performance. With an annual target of INR 75 crore and an internal goal of INR 79 crore, the corporation is now focusing on tackling unauthorised constructions and chronic defaulters by initiating stringent legal and recovery actions.Read more

17 Jul 2025

Container Corporation of India Ltd (CONCOR) has signed a strategic Memorandum of Understanding with the Dubai-based Rais Hassan Saadi (RHS) Group to explore collaborative opportunities in the overseas shipping and logistics domain. The agreement aims to provide fully integrated, cost-effective, and seamless end-to-end logistics services across international markets, with a specific focus on improving multimodal connectivity. Leveraging CONCOR's expertise in inland containerized freight and RHS Group's stronghold in global shipping and freight forwarding, the partnership is poised to enhance India's presence in global logistics corridors and contribute to a more connected and efficient international supply chain framework.Read more

16 Jul 2025

The Executive Centre is planning an Initial Public Offering (IPO) in Mumbai to raise INR 26 billion (USD 303 million). This aims to capitalize on India's growing demand for workspaces. The flexible workspace manager serves 51,000 customers across Asia and Australia. India's flexible workspace industry is projected to grow to USD 9 billion by 2028. Other firms are also going public. The Executive Centre has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to manage its upcoming listing.Read more

16 Jul 2025

Prayagraj is set to witness the implementation of Uttar Pradesh's overhauled Bed & Breakfast (B&B) and Homestay Policy 2025, aiming to establish approximately 800 new registered homestay-cum-B&B units in the city. The initiative, overseen by the state's tourism department, intends to enhance accommodation infrastructure, especially around religious and tourist hotspots. It replaces the earlier paying guest model with a formalised framework that mandates safety features, owner occupancy, limited room capacity, and cultural engagement. The registration process is being eased for interested residents, with nominal registration fees, NOC-based approvals, and structured classification into Silver and Gold categories. The policy also carries wider implications for employment generation, women empowerment, and tourism-led economic growth in the region.Read more

16 Jul 2025

The Indian real estate sector recorded transactions totalling USD 2.5 billion during the first half of 2025, marking an 8% decline in value compared to the same period in 2024, according to Grant Thornton Bharat. While deal volume rose from 40 to 45 transactions, the total value dipped from USD 2.7 billion. The deals included IPOs and Qualified Institutional Placements, with institutional interest in commercial platforms remaining strong.Read more

16 Jul 2025

Property Share Investment Trust is launching an INR 473 crore initial public offering (IPO) for PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT), with the public issue scheduled to open shortly. The IPO involves only a fresh issue, with units priced between INR 10 lakh and INR 10.6 lakh. Funds raised will be allocated for acquiring Titania SPV, loan repayments, and corporate expenses. PropShare Titania comprises a fully-leased 4.37 lakh sq ft office space in G Corp Tech Park, Mumbai, with Fortune 500 and blue-chip tenants.Read more

16 Jul 2025

WeWork India has secured approval from SEBI to launch its Initial Public Offering, paving the way for its promoters Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd to sell their stakes via an Offer for Sale. Backed by Embassy Group and operating under the WeWork brand since 2017, the company is riding a wave of strong demand for flexible workspaces across major Indian cities. While it recorded a net loss in FY24, it turned profitable in the first half of FY25. The IPO, which will not raise fresh capital, aims to enhance the company's visibility and liquidity in public markets.Read more