21 Jan 2026

The Municipal Corporation of Delhi has achieved its highest property tax collection so far, crossing INR 2,700 crore in the current financial year up to December-end. The collection marks a rise of around 45% compared to the same period last year. The increase has been supported by growth in the registered taxpayer base and strong participation in the SUNIYO tax amnesty scheme, which waived penalties and interest on past dues. Despite improved compliance, a large number of registered properties are yet to clear outstanding payments.Read more

21 Jan 2026

Leela Palaces Hotels & Resorts Ltd reported a sharp rise in consolidated net profit for the third quarter ended December 2025, driven by robust revenue growth and strong demand in the luxury hospitality segment. Net profit increased to INR 147.88 crore, more than doubling from the same period last year, supported by higher room rates and sustained occupancy levels. Revenue from operations grew 21% year-on-year to INR 457.43 crore, significantly outperforming broader industry growth trends. While total expenses also rose during the quarter, profitability remained strong. The company also accounted for the incremental financial impact of recently notified labour codes as exceptional items. Management highlighted disciplined expansion efforts, including new domestic and international strategic initiatives, reinforcing the brand's premium positioning and long-term growth strategy.Read more

20 Jan 2026

Bollywood filmmaker and producer Karan Johar purchased an apartment in the Pali Vintage building in Khar West, Mumbai, for INR 8.05 crore. The 1,060.13 sq ft carpet-area apartment includes two dedicated car parking spaces. Stamp duty for the deal amounted to INR 48 lakh, with registration charges of INR 30,000. Khar West is a highly sought-after residential neighbourhood, offering good connectivity, upscale amenities, and proximity to business hubs like Bandra Kurla Complex. This purchase highlights the continued interest of high-net-worth individuals in Mumbai's luxury real estate market.Read more

20 Jan 2026

Real estate developer Sobha Ltd reported a 29 per cent year-on-year decline in its consolidated net profit for the third quarter of FY26, impacted by a fall in income during the period. The company posted a net profit of INR 15.42 crore for the October-December quarter, compared with INR 21.68 crore in the corresponding period last year. Total income during the quarter dropped sharply to INR 983.10 crore from INR 1,256.87 crore a year ago. Despite the softer quarterly performance, Sobha Ltd continues to maintain a strong presence across key residential markets in South India, Delhi-NCR and Mumbai. The results reflect near-term pressure on revenues amid broader market dynamics affecting real estate developers.Read more

20 Jan 2026

Full-stack resale homes platform Truva has raised USD 9 million (INR 78 crore) in fresh capital to accelerate its expansion across Mumbai and enter new metro markets such as Delhi NCR and Bengaluru. The funding round includes USD 7.3 million (INR 61 crore) in equity led by Stellaris Venture Partners and Orios Venture Partners, along with USD 1.7 million (INR 17 crore) in venture debt from Stride Ventures. Several prominent angel investors also participated. The capital will be used to strengthen Truva's proprietary real estate intelligence engine, TruIQ, and to scale inventory-backed operations covering legal verification, staging and transaction execution. Founded in 2023, Truva aims to bring transparency and predictability to India's fragmented resale housing market by owning the entire transaction journey end-to-end.Read more

20 Jan 2026

Mumbai-based Runwal Developers has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering. The proposed IPO is sized at INR 2,000 crore and includes a fresh issue of INR 1,700 crore along with an offer for sale of INR 300 crore by promoter Sandeep Subhash Runwal. Proceeds from the fresh issue will mainly be used to repay existing borrowings and for general corporate purposes. The approval comes amid steady primary market activity across sectors.Read more

20 Jan 2026

JSW Infrastructure reported an 8.7 per cent year-on-year increase in its consolidated net profit for the December quarter of FY26, supported by higher income and growth in cargo volumes across key ports. The country's second-largest private port operator posted a net profit of INR 364.85 crore for the October-December period, compared with INR 335.62 crore a year earlier. Total income rose to INR 1,409.38 crore, while expenses declined to INR 962.97 crore, aiding profitability. Cargo handled during the quarter increased 8 per cent to 31.7 million tonnes, driven by strong performance at the South West Port and Dharamtar Port. The company also saw an improvement in third-party and domestic cargo volumes, underscoring operational momentum.Read more

20 Jan 2026

Nuvoco Vistas Corp Ltd reported a consolidated net profit of INR 49.37 crore in the third quarter of FY26, marking a return to profitability after reporting a loss in the corresponding quarter of the previous financial year. The improvement was supported by higher cement volumes, improved operational efficiencies, and lower fuel costs. Total consolidated income for the quarter rose to INR 2,704.03 crore, reflecting stronger execution despite uneven demand conditions during part of the quarter. Cement volumes reached a record level for a third quarter, while disciplined cost management helped offset pricing pressures in a competitive market. The company said demand strengthened toward the end of the quarter, supported by improved construction activity, positioning it for a more stable operating environment going forward.Read more

20 Jan 2026

Realty major Lodha Developers Ltd reported a 15 per cent rise in net debt during the October-December quarter of FY26, driven by aggressive land acquisitions to fuel future growth. The company's net debt increased to INR 6,170 crore at the end of the third quarter from INR 5,370 crore in September 2025. Despite the increase, Lodha said its leverage remains comfortably within internal thresholds, with net debt well below its ceiling of 0.5x net debt-to-equity. During the quarter, the Mumbai-based developer acquired five land parcels across the Mumbai Metropolitan Region, Delhi-NCR and Bengaluru, with a combined revenue potential of INR 33,800 crore. The expansion underscores Lodha's strategy to strengthen its project pipeline across key housing markets.Read more

20 Jan 2026

Kalpataru Projects International Limited (KPIL) has completed the sale of its entire equity stake in Vindhyachal Expressway Private Limited to global sustainable infrastructure investor Actis for an enterprise value of INR 775 crore, subject to closing adjustments. The transaction marks a significant milestone in KPIL's asset monetisation strategy and reflects its ability to develop, operate and successfully divest long-term infrastructure assets. Vindhyachal Expressway is a special purpose vehicle that operates an 89.30-kilometre four-lane highway project connecting Rewa and Hanumana on National Highway-7 under a DBFOT toll-based concession from the Madhya Pradesh Road Development Corporation. KPIL said the divestment aligns with its focus on unlocking value from non-core assets while redeploying capital into its core EPC businesses to drive growth and improve returns.Read more