09 Jul 2026

The Maharashtra government has reduced the stamp duty on the registration of 99-year lease agreements for cooperative housing societies on government land in Mumbai, lowering the rate to a maximum of 0.5% for residential properties and 1.5% for commercial properties. Revenue Minister Chandrashekhar Bawankule announced the decision in the state legislature in the past week, stating that it would provide financial relief to thousands of cooperative housing societies that had been unable to register lease agreements because of high stamp duty costs and procedural delays. The revised policy will apply uniformly across Mumbai city and suburban areas. The government has also waived the transfer premium for flats in the Bandra Kurla Complex (BKC) Reclamation area for transfers executed before 2015, benefiting around 1,500 flat owners across 91 properties.Read more

09 Jul 2026

The Jaipur Development Authority (JDA) has started the process of acquiring land in Jagatpura to develop a key road link connecting Mahal Road with nearby residential and commercial areas. The proposed project aims to improve traffic movement, enhance connectivity, and support planned urban expansion in the city’s southeastern corridor. Landowners have been issued notices as part of the acquisition process. Once completed, the road is expected to reduce congestion and provide better access to rapidly developing neighbourhoods.Read more

09 Jul 2026

Property intelligence platform Landeed plans to invest around INR 30 crore during FY27 to strengthen its artificial intelligence capabilities, expand state-level coverage and enhance its property intelligence platform. The real estate technology startup will invest in graphics processing unit (GPU) infrastructure, specialised language models, Indic optical character recognition (OCR), document intelligence and customer acquisition. Backed by investors including Y Combinator, Draper Associates and Bayhouse Capital, the company recently launched Terra, an AI-powered platform built on more than 773 million land and property records across 26 states and four Union Territories to support property due diligence and decision-making for banks, developers, legal professionals and other stakeholders.Read more

09 Jul 2026

Smartworks Coworking Spaces Ltd has acquired Singapore-based Workstudio Spaces Pte. Ltd as part of its international expansion strategy. The acquisition increases the Gurugram-based managed workspace operator's footprint in Singapore to four operational centres, spanning around 76,000 sq ft with a seating capacity of more than 1,500. The transaction also adds over 45 enterprise clients to its Singapore portfolio. Smartworks, which operates 66 centres across 15 cities in India and Singapore with a portfolio of 16.1 million sq ft, did not disclose the acquisition value. The expansion comes amid growing demand for managed flexible office spaces and follows the company's return to profitability in FY26.Read more

09 Jul 2026

• Tier-II cities are increasingly driving India's housing market, supported by infrastructure development, expanding service-sector employment and improving economic activity.
• Developers have maintained healthy inventory levels by moderating new project launches, reducing the risk of oversupply and sharp price corrections.
• Housing demand has diverged across cities, with some emerging as premium residential markets while others continue to be driven by affordable and mid-segment housing.
• The report highlights that infrastructure growth, affordability, developer quality and financing trends will shape the next phase of expansion in Tier-II residential markets.Read more

09 Jul 2026

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) has approved an annual work plan and budget of INR 251 crore for FY27, with a strong focus on housing, infrastructure and future land acquisition. The budget includes an allocation of INR 52 crore for procuring land to support upcoming urban development projects across the state. The approvals were made during the authority's 59th board meeting chaired by Housing and Town and Country Planning Minister Rajesh Dharmani. The board also cleared a one-time settlement policy for a housing colony in Una district, approved amendments to contractor enlistment rules and reviewed HIMUDA's financial performance, which exceeded its turnover target in FY26.Read more

09 Jul 2026

Hexaware Technologies has entered into a strategic partnership with US-based rental housing technology provider SmartRent Inc. to implement AI-led customer support, revenue management and sales process automation. The collaboration will focus on three areas: AI-enabled customer experience, an intelligent bill-to-cash platform and deployment of Salesforce Revenue Cloud Advanced. According to the companies, the initiative is intended to improve customer support, streamline revenue operations and enhance sales efficiency through automation and AI-powered workflows. The partnership reflects the growing adoption of artificial intelligence and cloud technologies within the rental housing technology sector to improve operational performance and customer engagement.Read more

08 Jul 2026

Furniture and appliance rental platform Rentomojo Ltd has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO). The offering comprises a fresh issue of equity shares worth up to INR 150 crore and an offer for sale (OFS) of up to 2.84 crore equity shares by existing shareholders. According to the draft red herring prospectus (DRHP), the company plans to utilise the proceeds from the fresh issue towards debt repayment, warehouse lease expenses and general corporate purposes. The regulatory approval marks a key step in the company's plans to access the public markets.Read more

08 Jul 2026

• TPG Rise Climate, along with GIC and ICICI Bank, has signed definitive agreements to acquire 100% of Aseem Infrastructure Finance Ltd. (AIFL) from the National Investment and Infrastructure Fund (NIIF) and other shareholders in a deal valued at around INR 5,000 crore.
• Aseem Infrastructure Finance, established by NIIF in 2020, has emerged as a leading non-banking financial company (NBFC) focused on financing renewable energy, power transmission and sustainable infrastructure projects across India.
• The acquisition supports TPG Rise Climate's Global South Initiative, aimed at accelerating climate-focused investments, while positioning Aseem to expand financing for India's clean energy and infrastructure transition.
• The transaction highlights growing global investor confidence in India's sustainable infrastructure sector and is expected to strengthen the availability of long-term capital for renewable energy and climate-related projects.Read more

08 Jul 2026

Laser Power & Infra Ltd has fixed the price band for its INR 742 crore initial public offering at INR 203–214 per share, with the issue opening on July 9 and closing on July 13. The IPO comprises a fresh issue of INR 542 crore and an offer for sale of INR 200 crore. The proceeds will primarily be used to reduce debt, strengthen the company's balance sheet and support future capital expenditure. The fundraising will also help finance business expansion as the company scales its operations across India's power transmission, distribution and infrastructure sectors amid growing investment in utility and energy infrastructure.Read more