16 Oct 2025

Oberoi Realty posted a consolidated net profit of INR 760.26 crore in the July-September quarter, up 29 % year-on-year, driven by higher revenue growth. Income rose from INR 1,358.62 crore to INR 1,844.84 crore. The firm also declared an interim dividend of INR 2 per share. Despite no new launches during the quarter, its pipeline remains active with planned towers in Borivali, Thane and other locations. This result underscores the strength in its luxury housing business and disciplined execution.Read more

16 Oct 2025

Kolte-Patil Developers reported a 13 per cent decline in sales bookings, totaling INR 670 crore in the second quarter of the current fiscal year, due to lower area sales amid a slowdown in the residential market. Sales volumes dropped 17 per cent to 0.86 million square feet, while first-half bookings fell 13 per cent to INR 1,286 crore. Experts cited high property prices and limited affordable housing as key factors affecting sales in major cities. The company recently acquired 7.5 acres in Pune for a new INR 1,400 crore housing project with 1.9 million square feet of saleable area.Read more

16 Oct 2025

HouseEazy raised INR 150 crore in a Series B funding round led by Accel, with Chiratae Ventures and Antler also participating. The funding is aimed at technology development, geographic expansion, brand growth, and service enhancement. Founded by Tarun Sainani and Deepak Bhatia, the company has facilitated transactions for over 2,500 homeowners, amounting to INR 2,000 crore, in three years. Currently active in Noida, Ghaziabad, and Gurugram, HouseEazy plans to expand into Pune, Mumbai, and Bengaluru, leveraging its network of more than 4,000 channel partners.Read more

16 Oct 2025

The Municipal Corporation of Gurugram (MCG) has stepped up its efforts to recover pending property taxes, sealing several properties across the city. Defaulters, despite repeated notices, have not cleared dues, leading to action in areas including Ambience Island and Bestech Cyber Park. Some property owners owe over INR 10 million each, with total outstanding dues exceeding INR 280 million. The MCG has warned that properties with unpaid taxes may be auctioned. This move is part of ongoing measures to secure funds for city infrastructure and development.Read more

15 Oct 2025

Signature Global Ltd, the Gurugram-based real estate developer, witnessed a 28% decline in sales bookings during the second quarter of the current financial year due to a lower number of new housing launches. The company's sales bookings fell to INR 2,010 crore from INR 2,780 crore in the corresponding period last year. For the first half of FY2025-26, sales dropped 21% year-on-year to INR 4,650 crore. Despite the slowdown, the company remained confident of achieving its annual sales target.Read more

15 Oct 2025

Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.Read more

15 Oct 2025

The Nagpur Municipal Corporation (NMC) has stepped up its efforts to recover outstanding property taxes by identifying 149 properties for auction, targeting dues of INR 3.29 crore. This follows the recovery of INR 95.3 crore through tax warrants, yet total arrears exceed INR 938.7 crore. Zones like Mangalwari, Lakadganj, Satranjipura, Dhantoli, and Nehru Nagar account for most auctionable properties. NMC is prioritizing large commercial and institutional defaulters to enhance tax compliance and generate funds for critical projects, including the Nag River Pollution Abatement Project.Read more

15 Oct 2025

National Housing Bank (NHB) extended a partial credit enhancement scheme to housing finance companies (HFCs) to help reduce their cost of funds and promote the flow of cheaper loans in the affordable housing sector. The support is conditioned on eligibility criteria such as asset size, credit ratings and non-performing asset limits. By covering up to half the bond issue value, NHB's move is expected to improve external ratings and enable HFCs to raise debt more competitively, benefitting end borrowers in the affordable housing segment.Read more

15 Oct 2025

Home design platform Livspace reported a 23% year-on-year rise in revenue, reaching INR 1,460 crore in the past fiscal year, alongside a near 50% reduction in adjusted EBITDA losses to INR 131 crore. The company attributed the improvement to higher traction in premium and mass-premium segments, better revenue quality, and disciplined cost management. Backed by leading global investors, Livspace continues to expand its footprint across India and Singapore, serving thousands of homeowners with end-to-end renovation solutions.Read more

14 Oct 2025

WeWork India Management Limited, a major player in flexible workspaces, made its stock market debut with shares opening slightly above the issue price but ending 3% lower. The IPO raised INR 3,000 crore (USD 338.16 million) and was fully subscribed 1.15 times, with strong institutional demand but weak retail and non-institutional participation. Analysts have flagged concerns over valuation, governance practices, and the absence of fresh capital. Despite operating in eight cities with growing revenue, the company faces competition from better-performing peers like Smartworks and IndiQube Spaces.Read more