29 Sep 2025

Ahmedabad-headquartered Suba Hotels secured over INR 21 crore from anchor investors ahead of its initial public offering that opened for subscription earlier this week. The hospitality chain, operating in the mid-market segment with 88 hotels, has set a price band of INR 105-111 per share. The IPO is entirely a fresh issue of equity shares, expected to generate INR 75.47 crore at the upper end. Funds raised will be directed towards hotel upgrades, last-mile funding, and corporate purposes.Read more

29 Sep 2025

The Municipal Corporation of Delhi (MCD) has decided to extend its property tax amnesty scheme, SUNIYO 2025-26, by three more months until the end of December. While the extension gives taxpayers extra time, a 2 % late fee on the principal tax will apply for payments made from October onwards. Since its launch in June, the scheme has seen strong participation, with 1.16 lakh property owners contributing INR 370.27 crore, including more than 65,800 first-time taxpayers. Overall, the civic body's property tax collection this year has crossed INR 2,111.63 crore, showing notable growth over last year.Read more

29 Sep 2025

WeWork India is preparing for a INR 3,000 crore initial public offering with a share price band of INR 615 to INR 648, valuing the company around INR 8,685 crore. The OFS will allow Embassy Buildcon LLP and WeWork Global to sell their stakes, with proceeds going entirely to selling shareholders. Founded in 2017, WeWork India operates across major Tier-1 cities, managing 77 lakh sq. ft. of space. The IPO aims to enhance visibility, provide liquidity to existing investors, and create a public market for its shares.Read more

29 Sep 2025

The Telangana government has agreed to acquire Phase-I of the Hyderabad Metro Rail project from L&T Metro Rail Hyderabad Ltd (LTMRHL) in a INR 15,000 crore deal. This includes assuming INR 13,000 crore of LTMRHL's debt and paying INR 2,000 crore for L&T's equity stake. L&T's decision to exit follows financial challenges and operational difficulties. The state aims to expedite approval for Phase-II by the Government of India through this acquisition.Read more

28 Sep 2025

The Margao Municipal Council has implemented a new capital value-based method for calculating house tax, leading to a significant increase in property tax rates. This change, based on a directive from the Directorate of Municipal Administration, has resulted in over 300% higher taxes for new residential and commercial properties. Under the new system, residential properties are taxed at 0.15% of their annual capital value, while commercial properties face a 0.25% tax rate. The capital value is determined by adding land and construction costs. Existing properties will continue to be taxed under the previous rental value method.Read more

28 Sep 2025

RKCPL Ltd, a Haryana-based infrastructure and construction company, has filed draft papers with the capital markets regulator to raise INR 1,250 crore through an initial public offering. The IPO will include a fresh equity issue of INR 700 crore and an offer-for-sale of INR 550 crore by existing shareholders Naresh Kumar and Krishan Kumar Goyal, who plan to sell shares worth INR 275 crore each. Funds from the fresh issue are earmarked for working capital, equipment purchase, debt repayment, and investments in subsidiaries. The company is active in EPC and Hybrid Annuity Model projects across India.Read more

27 Sep 2025

The red brick industry has requested the government to lower GST on bricks to 5 per cent and remove them from the Special Composition Scheme. While sand lime bricks received a reduction, all other bricks remain at 6 per cent GST and 12 per cent with ITC. Industry leaders point out that bricks contribute around 10 per cent of construction costs and that higher coal GST is raising production expenses for brick kilns employing millions of workers. The government has not yet acted on the broader demand, keeping the rate unchanged.Read more

27 Sep 2025

Property prices along the Yamuna Expressway in Delhi-NCR have shown a dramatic rise in the past five years, driven largely by rapid infrastructure development and investor confidence. According to InvestoXpert's RealX Stats report, apartment values have increased by 158 per cent while plot prices have soared by more than 536 per cent. With major projects such as Jewar Airport, Film City and dedicated logistics hubs underway, the corridor has strengthened its position as a high-performing real estate destination.Read more

26 Sep 2025

CapitaLand India Trust (CLINT) has announced the divestment of CyberVale in Chennai and CyberPearl in Hyderabad for INR 1,103 crore (SGD 161.7 million), its first asset sale since listing on the Singapore Exchange in 2007. The two IT parks, spanning 1.4 million sq ft, were sold at a 3% premium to their December 2024 valuations. CLINT expects net proceeds of INR 1,082.8 crore, which will be used for debt repayment and reinvestment into higher-yielding projects. Post-sale, CLINT's portfolio will total 21.2 million sq ft.Read more

26 Sep 2025

TDI Infrastructure has announced an INR 100 crore investment to redevelop its 1,100-acre TDI City in Kundli, aiming to make it an affordable residential option for North and West Delhi residents. The redevelopment plan includes upgrading 62 parks, improving internal roads, enhancing the existing clubhouse, and adding a second clubhouse to accommodate rising population density. The company has introduced construction incentives for plot owners and leverages the township's connectivity, including UER-II, proximity to Delhi, and upcoming transport projects, to boost demand.Read more