17 Jul 2026

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration received from the transfer of redevelopment rights should be taxed under the capital gains provisions of the Income-tax Act instead of being treated as 'Income from Other Sources'. The tribunal also observed that taxpayers may be eligible to claim exemption under Section 54EC, subject to statutory conditions. The ruling is expected to bring greater certainty to the tax treatment of redevelopment transactions and could influence similar cases involving property owners and redevelopment agreements.Read more

17 Jul 2026

• A CRISIL report estimates that India's non-sovereign debt could rise from about 84% of GDP in fiscal 2026 to nearly 150% by 2047, in line with debt levels seen in developed economies during periods of rapid economic transformation.
• The report says achieving the Viksit Bharat vision of a USD 30 trillion-plus economy will require significantly deeper debt capital markets, as banks alone may not be able to meet the country's growing financing needs.
• It recommends expanding the corporate bond market by broadening the issuer base, increasing investor participation, strengthening secondary market liquidity and encouraging investments in mid-rated corporate bonds.
• CRISIL also advocates developing securitisation, covered bonds and municipal bond markets, alongside regulatory reforms to channel long-term capital into infrastructure, housing and urban development.Read more

17 Jul 2026

WeWork India reported a consolidated net loss of INR 4.30 crore for the first quarter of FY27, as higher operating expenses offset growth in revenue. The coworking operator's total income increased to INR 700.74 crore during the April–June quarter from INR 545.71 crore in the corresponding period last year. Operational expenditure also rose to INR 704.77 crore from INR 559.46 crore. Although the company remained in the red, its quarterly loss narrowed significantly compared with the net loss of INR 14.10 crore reported in the year-ago period, reflecting improved financial performance amid continued business expansion.Read more

17 Jul 2026

The National Company Law Appellate Tribunal (NCLAT) has dismissed two appeals filed by Maharashtra Airport Development Company (MADC), clearing the way for the sale of the assets of Abhijeet MADC Nagpur Energy Pvt Ltd (AMNEPL), a power project developed to supply electricity to Nagpur's MIHAN Special Economic Zone. The tribunal upheld an earlier NCLT order validating the sale to Rankini Power Generation and ruled that the liquidator had the authority to transfer the company's leasehold assets under the Insolvency and Bankruptcy Code. However, it also clarified that MADC's rights under the Build-Operate-Transfer (BOT) agreement would remain protected.Read more

17 Jul 2026

Home registrations in the Kolkata Metropolitan Area (KMA) declined 14% year-on-year to 26,207 units during the first half of 2026, according to Knight Frank India. The consultancy attributed the moderation to slower market activity during the West Bengal Assembly election period and a high comparison base from the previous year, when registrations had surged sharply. In June alone, apartment registrations fell 14% from a year earlier and 21% from the previous month to 3,669 units. Despite the decline, Knight Frank said transaction volumes remained robust by historical standards, supported by resilient end-user demand. The report also highlighted a continued shift towards larger residential units, with homes measuring 501–1,000 sq ft accounting for the majority of registrations, while demand for apartments exceeding 1,000 sq ft recorded significant year-on-year growth.Read more

17 Jul 2026

Gensol Engineering has confirmed that the Indian Renewable Energy Development Agency (IREDA) has classified its loan accounts worth INR 673 crore as fraud and reported the matter to the Reserve Bank of India (RBI). The clarification was issued after media reports on the development. The company stated that the reports accurately reflected IREDA's order. The latest development adds to the regulatory scrutiny surrounding Gensol Engineering, which has faced multiple actions from financial and market regulators in recent months.Read more

16 Jul 2026

Texmaco Infrastructure & Holdings Limited has invested INR 68.8 million in its wholly owned subsidiary, Valley View Landholdings Pvt. Ltd., to strengthen the subsidiary's presence in the real estate sector. The investment was made through a fresh subscription to equity shares, while the company's ownership in the subsidiary remains unchanged at 100%. The transaction has been classified as a related-party deal and was carried out on an arm's-length basis. Valley View Landholdings, incorporated in 2013, is engaged in real estate development and has reported limited revenue in recent financial years.Read more

16 Jul 2026

India's latest ranking of the country's most valuable real estate companies shows a year of slower growth, with overall company valuations rising just 2% despite a broader market correction. DLF remained the most valuable real estate company, while Gautam Adani and family topped the real estate rich list for the first time. Hospitality, REITs and professionally managed companies continued to strengthen, reflecting the sector's gradual shift towards institutionalisation even as residential and commercial segments faced pressure.Read more

16 Jul 2026

• Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Odisha to provide term loans of up to INR 1 lakh crore over the next five years for urban housing and infrastructure projects.
• The funding will support projects under the Urban Challenge Fund (UCF), Bhubaneswar–Cuttack–Puri–Paradeep Economic Region (BCPPER) and Mukhyamantri Sahari Vikas Yojana (MSVY), including land acquisition for eligible developments.
• Besides financing, HUDCO will provide project preparation, technical structuring, DPR preparation, financial modelling and capacity-building support for urban local bodies through its UiWIN initiative.
• The MoU, signed in Bhubaneswar, will remain valid for three years, subject to annual review, while separate project-specific agreements will govern individual financing arrangements.Read more

16 Jul 2026

Bengaluru, India's largest office market, recorded a 21% year-on-year decline in gross office leasing during the first half of 2026, as corporates delayed leasing decisions amid geopolitical uncertainty and AI-led business transformation, according to JLL India. The city leased 9.37 million sq ft of office space between January and June, compared with 11.79 million sq ft a year earlier. Across the seven major office markets, gross leasing declined 4% to 37.90 million sq ft. While Bengaluru, Delhi-NCR and Kolkata registered lower leasing volumes, Mumbai, Pune, Hyderabad and Chennai posted growth. JLL said Global Capability Centres (GCCs) remained the principal driver of demand, accounting for 41.7% of total leasing activity, while co-working operators achieved record absorption, reflecting continued demand for flexible office space from domestic and multinational occupiers.Read more