06 Jul 2025

As Lucknow gears up for a significant revision in DM circle rates the first in nearly a decade the Lucknow Development Authority (LDA) has opted to maintain existing property prices for its flats and plots. This move ensures that upcoming schemes such as Anant Nagar and ongoing allotments under the first-come-first-served policy remain unaffected by the hike. With circle rates rising by 15-25% in several localities, LDA's decision provides immediate relief to homebuyers, shielding them from increased registration costs and making government housing a more attractive option amid surging land values.Read more

05 Jul 2025

Major civic bodies in Maharashtra and Jharkhand reported varied yet positive property tax collections in Q1 FY26. Nagpur's NMC collected INR 88.85 crore, a 20% increase, reaching nearly 23% of its taxpayers. On the other hand Ranchi's RMC achieved its highest-ever Q1 collection at INR 39.33 crore, a 19.4% rise, surpassing its Q1 target. Another civic body to set a benchmark is Pimpri Chinchwad's (PCMC) that collected INR 522 crore, over 50% of last year's total. These cities employed diverse strategies, including rebates, extensive online options, door-to-door drives, and data analytics, as municipalities nationwide prioritize revenue generation for urban services and infrastructure.Read more

05 Jul 2025

Punjab registered a 44.44% growth in net Goods and Services Tax (GST) collections in June 2025, reaching INR 2,379.90 crore, as stated by Finance Minister Harpal Singh Cheema. This places Punjab above the national average in growth. The state's net GST collection for Q1 FY26 reached INR 6,830.40 crore, achieved despite ongoing military conflict. Cheema also highlighted increased field enforcement, leading to the uncovering of two major GST fraud cases involving over INR 180 crore in tax evasion. The report also detailed the state's efforts to manage legacy debt amidst rising fiscal obligations.Read more

05 Jul 2025

Crisil Ratings predicts Indian housing prices will rise by an average of 4-6% in the medium term, with residential sales volumes growing 5-7% this fiscal year and the next. This comes after double-digit growth in the past two financial years. Despite demand stabilizing, supply is expected to outpace it, causing inventory levels to increase. However, strong collections and healthy balance sheets are set to maintain developers' credit profiles. The rebound is driven by improving affordability due to lower interest rates and price growth normalization.Read more

05 Jul 2025

The Lucknow Development Authority (LDA) has served a final notice to nearly 100 defaulters who have failed to clear outstanding dues totalling around INR 100 crore some pending for over 27 years. These include allottees of flats and plots across prominent schemes like Gomtinagar Extension, Kanpur Road, Sitapur Road and Kursi Road. Many of these are under affordable housing categories. The authority has warned that properties will be cancelled and registration amounts forfeited if payments are not cleared immediately. This move follows earlier efforts to auction nearly 5,000 unsold commercial properties and identify top defaulters with dues exceeding INR 460 crore.Read more

04 Jul 2025

Brigade Hotel Ventures Ltd, the hospitality arm of Bengaluru-based Brigade Enterprises, has raised INR 126 crore in a pre-IPO funding round from 360 ONE Alternates Asset Management. This investment, made at INR 90 per share, gives 360 ONE a 4.74% stake ahead of the company's planned INR 900 crore initial public offering. The proceeds will primarily go towards debt reduction and land acquisition, while also supporting the firm's inorganic expansion strategy. With a robust portfolio of 1,604 rooms spread across major South Indian cities and GIFT City, the company is seen as a significant player in the hospitality space.Read more

04 Jul 2025

TVS Industrial & Logistics Parks (TVS ILP) has raised over INR 1,300 crore through a private placement of its warehousing assets-led Infrastructure Investment Trust (InvIT). The InvIT will list on the National Stock Exchange on July 8. TVS ILP has built a platform of 20 million sq ft, transferring 11 million sq ft valued at INR 3,000 crore into the InvIT. The portfolio spans major cities like Chennai, Pune, and Kolkata. This fundraising comes amidst a regulatory push to streamline privately-placed InvITs into public offerings, supporting India's growing warehousing sector.Read more

04 Jul 2025

Institutional investments in Indian real estate saw a sharp 33% dip in the April-June quarter, touching USD 1.69 billion, primarily due to a cautious stance from global investors amid economic and geopolitical uncertainties. Data from Colliers India revealed that foreign investment nearly halved, while domestic participation surged by 32%. Notably, domestic capital now accounts for 48% of total real estate investments in H1 2025, up from 16% in 2021. This shift in funding dynamics has helped partially offset the decline in foreign institutional inflows and maintain a stable investment environment.Read more

04 Jul 2025

Property transactions in Lucknow are about to get costlier as the district administration has proposed a substantial revision in circle rates base rates used to determine property registration value. While the average increase is pegged at 15%, certain high-demand urban areas could see hikes of up to 25%. Rates for multi-storey construction and commercial land are also being revised upward, with a clear aim to align them more closely with market realities. The proposed hike is currently open for public feedback and, once finalized, will come into effect from the beginning of August. The last revision in circle rates was done nearly a decade ago.Read more

03 Jul 2025

Norges Bank has fully exited its position in Raymond Realty through a block deal worth INR 42 crore, just days after the company made its stock market debut. Simultaneously, Raymond Ltd witnessed a flurry of institutional trades totalling approximately INR 221 crore. These developments come in the wake of the group's recent demerger, where shareholders were allotted one share of Raymond Realty for every Raymond Ltd share held. The twin trades reflect how investors are actively reshaping their positions in both entities as the market digests the post-listing dynamics.Read more