31 Jul 2025

Home First Finance Company India has reported a significant 35.47 percent surge in its net consolidated profit after tax for the quarter ending June 30, 2025, reaching INR 118.89 crore. The company also saw a healthy 33.38 percent growth in total consolidated income. This strong financial performance is complemented by a 28.6 percent year-on-year increase in Assets Under Management (AUM) and a seven percent rise in disbursements. The successful completion of a Qualified Institutional Placement (QIP) and a credit rating upgrade are set to strengthen HomeFirst's capital base and support its expansion plans, including a growing branch network and low gross non-performing assets (NPA).Read more

30 Jul 2025

Aditya Birla Real Estate (ABREL) is targeting sales bookings of INR 15,000 crore by fiscal year 2028, reflecting its aggressive growth plans following a strategic restructuring. The company, which recently divested its pulp and paper business, aims to develop new projects primarily through joint ventures and joint development agreements to minimize capital expenditure. ABREL is also working towards a net debt-free balance sheet to ensure financial health. This renewed focus on real estate, coupled with an emphasis on partnerships and a strong balance sheet, positions the company for significant expansion in India's dynamic property market.Read more

30 Jul 2025

Larsen & Toubro (L&T) has reported a robust 29.8% rise in consolidated net profit to INR 3,617.19 crore for the June quarter, driven by strong operational revenue growth. The company also saw a 16% year-on-year increase in revenue, touching INR 63,679 crore. The order book stands tall at INR 612,761 crore, marking the highest first-quarter inflow in its history. With its five-year Lakshya'26 strategic roadmap nearing completion, L&T appears firmly on track to exceed its financial and diversification targets across core and new-age sectors.Read more

30 Jul 2025

Kolte-Patil Developers Ltd has reported a consolidated net loss of INR 16.99 crore for the quarter ending June, a shift from a profit in the same period last year. The company's total income also saw a sharp decline to INR 96.81 crore. This financial performance, reported today, follows a period where the real estate firm had recorded a profit of INR 6.23 crore in the year-ago period and a significantly higher total income. Kolte-Patil Developers is a leading real estate firm with a notable presence in Pune, Mumbai, and Bengaluru.Read more

30 Jul 2025

Mahindra Lifespace Developers (MLDL) reported a Q1 FY2026 net profit of INR 51.26 crore, up from INR 12.74 crore year-on-year, despite a sharp 80% drop in total income to INR 40.61 crore. The company raised INR 1,494.54 crore via a successful rights issue to support debt repayment, land acquisition, and working capital. Gross development value additions surged to INR 3,500 crore, up from INR 1,400 crore. Residential pre-sales dropped to INR 449 crore due to pending approvals, with new launches expected soon. MLDL maintained a low debt-equity ratio of 0.19 and saw active leasing in its industrial segments in Jaipur and Chennai.Read more

30 Jul 2025

Aadhar Housing Finance has reported a net consolidated profit of INR 237.28 crore for the first quarter of fiscal year 2026, marking an 18.56 percent increase. This growth comes with a 19.38 percent rise in total income, driven by strong demand in the affordable housing sector. The company also saw its Assets Under Management (AUM) grow by 22 percent year-on-year to INR 26,524 crore, with disbursements up 32 percent. This strong financial performance highlights Aadhar Housing Finance's health and its role in meeting the growing need for affordable homes across India.Read more

29 Jul 2025

Namo Realtech has secured INR 350 crore in funding from a real estate-focused lending platform operated by BGO-Aditya Birla Sun Life AMC, marking a significant boost to its residential development in Gurgaon. The investment is part of a structured credit strategy launched in 2022, which has already committed USD 100 million across 10 deals and aims to scale up to USD 1 billion by 2028. Executives from both companies highlighted the robust prospects of India's residential property market.Read more

29 Jul 2025

Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, has received approval from SEBI to launch its Real Estate Investment Trust (REIT) public offering, aiming to raise INR 4,800 crore. Having already secured INR 1,400 crore from investors pre-IPO, KRT is set to become India's largest REIT by gross asset value, estimated at INR 62,000 crore, upon its launch in the first week of August. Its portfolio spans over 46 million square feet of office assets across 29 properties in six major cities. This IPO signifies growing investor confidence in India's institutional-grade real estate and the REIT model.Read more

29 Jul 2025

The Karnataka cabinet has approved a 1% fire cess on the property tax of all newly constructed multi-storeyed buildings. This includes residential apartments, commercial complexes, hospitals, schools, and industrial units. The collected amount will be used exclusively to upgrade and expand fire and emergency services in urban areas. The cess is part of an amendment to the Karnataka Fire Force Act, 1964, and applies to all high-rise buildings above 21 metres in height.Read more

29 Jul 2025

A detailed audit conducted by Nagpur's town planning department has found nearly 30,000 structures missing from official municipal records. These buildings, though physically present and in use, had not been assessed for property tax, with many listed as vacant plots. The Nagpur Municipal Corporation (NMC) has now begun matching these structures with its GIS database. Once the ground verification is done, property owners will be issued assessment notices. This move is expected to bring a significant number of previously unlisted properties into the city's formal tax system and boost municipal revenue.Read more