11 Jun 2025

Birla Estates has recently raised USD 50 million (INR 420 crore) from the International Finance Corporation (IFC) to fund two major real estate projects in the Mumbai Metropolitan Region and Pune. The investment will be channelled through two Special Purpose Vehicles, where Birla Estates retains majority economic interest. This funding underscores the company's commitment to sustainable urban development and aims to enhance housing accessibility, particularly for first-time homeowners. With recent expansions into key markets including NCR, Bengaluru, and Pune, Birla Estates is rapidly scaling its presence in India's competitive real estate sector.Read more

11 Jun 2025

Kalpataru Projects International Ltd (KPIL), along with its global subsidiaries, has recently secured new contracts worth INR 3,789 crore. The orders notably include the company's largest buildings and factories (B&F) contract to date in India, involving the development of over 12 million square feet of residential space on a design-and-build basis. Additionally, KPIL has secured orders in power transmission and distribution within overseas markets. This accomplishment reflects years of strategic efforts to enhance project acquisition capabilities and strengthen competitiveness through capital expenditure and execution expertise. KPIL continues to expand its presence, currently operating projects in over 30 countries worldwide.Read more

10 Jun 2025

Three prominent tech companies Ascent-K Circuit, Aurionpro ToshiAutomatic Systems, and Amber Enterprises India Ltd received letters of intent from YEIDA to set up manufacturing units near the Noida International Airport. With a total proposed investment of around INR 4,000 crore, the companies will utilise land parcels in Sectors 8 and 10 to produce electronics and home appliances. These developments are part of a larger push by Uttar Pradesh to position the region as a global manufacturing hub, aided by favourable policies and rapid infrastructure development.Read more

10 Jun 2025

Chennai's residential rental market is witnessing sharp hikes, with year-on-year increases of up to 25% in key areas. Anarock data shows a 22.2% quarter-on-quarter rise in Q3 2024, the highest among major Indian metros. Localities near IT corridors like Velachery, Sholinganallur, and Taramani now see 1BHK rents ranging from INR 25,000 to INR 35,000 per month. Even outer suburbs like Pallavaram and Kolathur are no longer affordable. The surge is driven by demand from Global Capability Centres (GCCs), limited new housing supply, and property tax hikes. Middle-income tenants are moving to farther suburbs, while many professionals are opting for shared housing or co-living spaces. Comparisons to Bengaluru's rental trends are growing, raising concerns about Chennai's affordability. Without proactive housing policies and infrastructure improvements, the city risks facing long-term housing challenges similar to its southern counterpart.Read more

10 Jun 2025

The Indian electric vehicle (EV) sector is set to catalyse massive real estate demand and investment, according to a recent report by Savills India. Projecting a requirement of nearly 6,900 acres and USD 9 billion in investments by 2030, the report highlights the critical need for facilities related to EV manufacturing, lithium-ion battery production, and public charging stations. Supported by strong government policies and rising environmental and fuel cost concerns, the EV market is accelerating rapidly. This surge is anticipated to significantly boost demand for industrial, warehousing, and logistics real estate, underlining a transformative impact on the real estate landscape aligned with India's EV adoption targets.Read more

09 Jun 2025

Mumbai's property market recorded 11,565 housing registrations last week, generating INR 1,062 crore in revenue for the Maharashtra government. This marks a 17.7% year-on-year increase, compared to 9,823 registrations during the same period last year, as per government data. It is also the second-highest May figure in 12 years, after May 2022's spike due to pandemic-era stamp duty concessions. Knight Frank India reported that 80% of these registrations were for residential properties, with Mumbai's western suburbs accounting for 60% of the activity. Despite no new government incentives, stamp duty revenue rose 7% from last year's INR 992 crore. The steady rise in registrations highlights strong buyer confidence and sustained demand in the city's property market. The data indicates a positive trend for Mumbai real estate, driven by long-term investment sentiment.Read more

09 Jun 2025

Adani Airports Holdings Limited secured USD 750 million in external commercial borrowings from an international banking consortium led by First Abu Dhabi Bank, Barclays and Standard Chartered. The proceeds will refinance debt and fund infrastructure upgrades and capacity expansion at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Last fiscal year, AAHL handled 9.4 crore passengers against an 11 crore capacity. The funds aim to strengthen non-aeronautical revenues through retail, F&B and duty-free offerings across its network.Read more

09 Jun 2025

The Ranchi Municipal Corporation (RMC) has urged residents to clear their holding tax dues by the end of this month to benefit from a rebate of up to 10%. The civic body has rolled out this incentive as part of its annual tax recovery campaign to ensure timely compliance and boost municipal revenues. The rebate is applicable only if the full amount is paid in a single transaction, with partial or instalment payments excluded. RMC has activated both online and offline billing modes to facilitate ease of payment for property owners across the city.Read more

06 Jun 2025

India's real estate growth is shifting beyond metros, according to BHARAT 2030: The Silent Surge of Tier-II and Tier-III Cities, a report by CII's Ashwinder R. Singh. Cities like Raipur, Belagavi, Salem, Udaipur, Aurangabad, and Ayodhya are emerging as key growth hubs. Driven by rising aspirations, better connectivity, and reverse migration, these regions are becoming vibrant economic centres. Infrastructure-expressways, airports, and metro networks-is now preceding real estate growth. Sectors like EV manufacturing, warehousing, and health-tech are spurring demand for housing. The report urges developers to invest early in affordable housing, plotted developments, and townships. It highlights opportunities for investors beyond traditional markets, supported by local government incentives. This shift promises a more balanced, inclusive urbanisation, with smaller cities poised to shape India's INR 10 lakh crore real estate economy by 2030.Read more

06 Jun 2025

The Chandigarh Municipal Corporation (MC) witnessed an unprecedented rise in property tax collection during the recent two-month rebate period, amassing INR 60 crore-marking the highest-ever amount collected under the rebate scheme. This notable growth from the INR 39 crore collected during the same period last year was attributed to the civic body's decision to double property tax rates from April 2025 onwards. Over 65,000 property owners responded proactively, taking advantage of the rebate window. The majority were residential taxpayers, although commercial properties contributed a greater share due to higher tax slabs. The successful outcome was driven by streamlined payment facilities and effective communication by the MC staff.Read more