06 Jul 2026

Max Estates Ltd reported a sharp rise in sales bookings during the first quarter of FY27, driven by robust demand for its residential projects across Delhi-NCR. The company achieved sales bookings of INR 1,100 crore, nearly five times higher than the corresponding period last year. The growth was supported by strong buyer response to newly launched and under-construction projects, including a new development in Gurugram. The developer also plans multiple project launches and land acquisitions during the current financial year as it looks to expand its residential portfolio.Read more

06 Jul 2026

Adani Enterprises has launched a Qualified Institutional Placement (QIP) to raise at least INR 10,000 crore, with an option to increase the issue size depending on investor demand. The company has fixed the floor price at INR 3,034.68 per equity share, while retaining the flexibility to offer a discount of up to 5% in accordance with SEBI regulations. The fundraising follows the company's INR 25,000 crore rights issue completed earlier this year and forms part of its broader capital expenditure programme across airports, data centres, green energy and new businesses.Read more

06 Jul 2026

IRB Infrastructure Trust has signed definitive agreements to transfer two operational Build-Operate-Transfer (BOT) highway assets to the IRB Infrastructure Trust Public InvIT in a transaction valued at INR 4,605 crore. The deal marks another step in IRB's asset monetisation strategy, allowing the company to unlock capital from mature road projects while recycling funds into future infrastructure investments. The transaction also strengthens the InvIT platform by adding revenue-generating highway assets with established toll collections and long-term operational potential.Read more

06 Jul 2026

Real estate research firm Liases Foras has introduced the Alpha Grade Luxury Asset Framework, a methodology intended to assess investment-grade luxury residential developments across India. As part of the study, the firm evaluated emerging luxury housing markets in Nagpur, Indore, Coimbatore, Ahmedabad and Lucknow, identifying Nagpur as the leading emerging luxury investment destination based on its assessment criteria. The report attributes the city's outlook to ongoing infrastructure projects, relatively low luxury housing supply and anticipated demand growth. It also identifies South Nagpur as the city's strongest-performing luxury corridor while outlining five factors that, according to the framework, contribute to long-term value creation in the luxury residential segment.Read more

06 Jul 2026

Construction and infrastructure company GNI Infrastructure has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The proposed issue comprises a fresh issue of 2.10 crore equity shares and an offer for sale of 93.88 lakh equity shares by promoters and existing shareholders. The company intends to utilise the proceeds from the fresh issue to meet its working capital requirements and for general corporate purposes. Established in 2007, GNI Infrastructure has built its business around road and highway construction projects in Maharashtra and has expanded into biomining and solid waste management projects, primarily serving government agencies and public sector organisations.Read more

06 Jul 2026

Apeejay Surrendra Park Hotels Ltd has received an income tax demand notice of INR 41.06 crore, including applicable interest, for the assessment year 2024–25. The demand follows a scrutiny assessment in which the Income Tax Department made certain additions and disallowances under various provisions of the Income Tax Act. The hospitality company has said it will challenge the order by filing an appeal before the appropriate appellate authority within the prescribed timeline. The development is not expected to impact the company's day-to-day operations while the appeal process is underway.Read more

Hyderabad News Desk

06 Jul 2026

KKR & Co. Inc is nearing the sale of its controlling stake in Re Sustainability Ltd., with I Squared Capital and a consortium of TPG and the Canada Pension Plan Investment Board (CPPIB) emerging as the leading bidders. The Hyderabad-based environmental services company is expected to be valued at over USD 1.6 billion, with binding bids anticipated in the coming weeks. KKR has restructured the business by separating its municipal waste operations to sharpen its focus on industrial environmental services. The proposed transaction underscores growing investor interest in India's waste management and sustainability sector amid rising demand for environmental infrastructure. If completed, the deal would rank among the largest private equity exits in India's environmental services industry.Read more

06 Jul 2026

Abu Dhabi-based International Holding Company (IHC) and the Adani Group have signed a joint venture agreement to develop an integrated aluminium project in Odisha with an investment of USD 11.5 billion. The project, which will be owned equally by both partners, is expected to become India's largest foreign investment in the metals sector. It will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park. The development is expected to strengthen India's aluminium production capacity, create more than 53,000 jobs and support the country's growing industrial demand.Read more

06 Jul 2026

• Shirish Godbole, CEO of Knowledge Realty Trust, has been appointed chairperson of the Indian REITs Association (IRA) with immediate effect, succeeding Alok Aggarwal following his retirement from Brookfield India REIT.
• Godbole brings over 25 years of experience in global real estate investment and finance, having held leadership positions at AEW Capital Management, Morgan Stanley and Goldman Sachs.
• The Indian REITs Association will continue to focus on strengthening investor awareness, promoting governance standards, encouraging industry collaboration and supporting the long-term growth of India's listed REIT market.
• The leadership transition comes as India's REIT sector continues to expand, with rising institutional participation, evolving regulations and growing investor interest expected to drive the next phase of market development.Read more

05 Jul 2026

National flex workspace operators charged an average 19% premium over independent coworking providers between 2021 and 2026, according to myHQ's Flex Pricing Report 2026. Based on five years of transaction data covering 1,384 coworking centres across 30 cities and booking behaviour from more than 10,000 companies, the report examines the factors influencing coworking pricing in India. It found that Hyderabad and Bengaluru recorded the highest seat expansion among occupiers, while shorter lock-in periods attracted higher costs and larger seat bookings secured volume discounts. The report also projects the pricing premium enjoyed by national coworking brands to increase to 25% by FY2028 as enterprise demand continues to favour established multi-city operators.Read more