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

22 Jul 2025

Karnataka has introduced a comprehensive regulatory mechanism for groundwater extraction, making charges and digital metering mandatory for all user categories. Rates vary from INR 1 to INR 35 per cubic metre, depending on usage and groundwater zone classification. Residential, commercial, and industrial users must obtain NOCs and install approved meters. Tanker operators face strict volume caps. Penalties for non-compliance range from INR 5,000 to INR 200,000. Revenues will fund recharge and conservation projects to help reverse decades of groundwater overuse. The move marks a decisive shift toward sustainable and accountable water management in the state.Read more

22 Jul 2025

Mohali district's municipal bodies have witnessed an exceptional surge in property tax collections under the ongoing One-Time Settlement (OTS) scheme, bringing in INR 11.43 crore within just 19 days. This drive, initiated to recover pending dues with penalty waivers, saw Zirakpur contribute the highest at INR 7.53 crore, followed by Kharar and Derabassi. In an effort to facilitate taxpayer convenience, municipal offices remained open over weekends. Officials confirmed that the scheme offers full and partial penalty waivers based on payment timelines. This performance reflects growing public responsiveness and an efficient urban governance framework.Read more

22 Jul 2025

The Asian Development Bank has sanctioned a INR 975.26 crore loan to boost infrastructure across nine industrial zones in Tripura, including Bodhjungnagar, R K Nagar, Dukli, and AN Nagar. The funds will support 34 road projects, fire stations, industrial sheds, substations, and underground power lines. Tripura Industrial Development Corporation (TIDC) is also developing new industrial areas on 155 acres in Santirbazar and Fatikroy, and has reclaimed 28 acres from inactive units for reallocation. TIDC plans to promote plywood manufacturing using wood from senile rubber plantations, positioning Tripura to emerge as a key player in India's plywood industry.Read more

22 Jul 2025

Sweden-based EQT has completed its INR 1,750 crore (USD 210 million) acquisition of Niwas Housing Finance, formerly Indostar Home Finance. EQT will also inject INR 500 crore in growth capital to aid Niwas's expansion across India and enhance its digital infrastructure. Focused on affordable housing loans in tier 2-4 cities, Niwas has supported over 47,000 low-income homeowners and manages assets worth over INR 3,000 crore. EQT aims to scale the company to assist 1.5 lakh families by 2029. This move deepens EQT's presence in India's retail lending sector, following its investment in Credila, and marks a new chapter in Niwas's growth journey.Read more

21 Jul 2025

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, is set to launch an initial public offering worth INR 749.6 crore. The offering, entirely a fresh issue with no offer-for-sale component, aims to raise capital for debt repayment, land acquisition from the promoter company BEL, and strategic expansion. The firm operates nine hotels across South India and GIFT City through partnerships with hospitality brands like Marriott, Accor, and IHG. Equity shares were earlier placed with 360 ONE Alternates Asset Management, raising INR 126 crore.Read more

21 Jul 2025

Aurum PropTech has received regulatory clearance from SEBI to launch its Small and Medium Real Estate Investment Trust (SM-REIT), making it the first publicly listed Indian firm to secure such certification. The SM-REIT, registered as AMSA SM REIT Investment Trust, will be listed on stock exchanges, offering retail investors fractional ownership in income-generating premium office assets. The firm plans to roll out its first scheme shortly, with several high-yield commercial properties under evaluation. Aurum PropTech reported a total income of INR 284.98 crore for FY 2024-25.Read more

21 Jul 2025

Flexible workspace provider IndiQube Spaces is set to launch its INR 700 crore IPO from July 23 to 25, with a price band of INR 225-INR 237 per share, valuing the company at nearly INR 5,000 crore. The IPO includes a fresh issue of INR 650 crore to fund new centers (INR 462.6 crore), repay debt (INR 93 crore), and support general corporate needs. An additional INR 50 crore will be raised via an Offer For Sale by promoters, while investor WestBridge Capital retains its stake. With 115 properties across 15 cities and a FY25 income of INR 1,103 crore, IndiQube's shares will list on BSE and NSE on July 30.Read more

21 Jul 2025

In a first, the National Housing Bank (NHB) has released the names of 48 housing finance companies (HFCs) that received refinance in the past financial year, including LIC Housing Finance, PNB Housing Finance, and Piramal Capital. This move aims to enhance transparency and prevent misuse of NHB's name. It follows concerns over Aviom India Housing Finance, which allegedly used outdated NHB sanction letters to mislead lenders. NHB has also tightened refinance norms for under-construction housing loans, now requiring third-party checks to ensure projects are below 50% completion before disbursal. These steps signal a stronger regulatory stance on financial discipline and sector integrity.Read more

21 Jul 2025

State Street, a global financial services and asset management firm, has begun operations from its new Centre of Excellence at IndiaLand Tech Park in Coimbatore. The company has leased 2.1 lakh sq. ft. across four floors in Tower D of the LEED Platinum-rated IT SEZ campus in Saravanampatti. With other global firms like Amazon, Bosch, and Accenture already present, this move further anchors Coimbatore's position as a fast-growing hub for IT and BFSI sectors, offering a strategic alternative to India's metros due to its infrastructure, talent base, and sustainability-driven developments.Read more