Sundaram Home Finance Ltd recorded a net profit of INR 62 crore for the April-June 2025 quarter, a slight decrease from the previous year. Despite this, the company saw increased disbursements, which rose to INR 1,488 crore. Its Assets Under Management (AUM) also grew significantly, reaching INR 18,027 crore by June 30, 2025. As a wholly-owned subsidiary of Sundaram Finance Ltd, the company expanded its operations by opening two new branches in Madhya Pradesh, highlighting its continued growth in the housing finance sector across India, offering various loan products for homes and properties.Read more

McDonald's has put eight high-street retail properties in Hong Kong up for sale for about HKD 1.2 billion (USD 153 million), while continuing to operate from these locations under long-term lease agreements. The sale, managed by JLL, includes sites in key shopping districts like Causeway Bay, Tsim Sha Tsui, and Mong Kok. The company plans to sell a total of 23 properties in phases. Investor interest has already been high. The move aligns with McDonald's broader portfolio strategy and comes amid a retail slowdown in the city.Read more

Arvind SmartSpaces reported a 159% rise in net profit in the first quarter of FY26 compared to the same time last year. Revenue also went up by around 37% year-on-year. However, the company saw a sharp decline in profit and revenue when compared to the previous quarter. Bookings and collections were lower too. Despite this, it maintained strong cash flow and had no net debt. The company plans to launch new projects worth INR 5,000 crore across Gujarat, Bengaluru, and Mumbai Metropolitan Region.Read more

Brigade Hotel Ventures Ltd made its stock market debut with a near 10% discount against its issue price of INR 90, despite strong investor demand during its IPO, which was subscribed 4.48 times. The shares opened at INR 82 on BSE and INR 81.10 on NSE, pulling the company's market valuation to around INR 3,279.94 crore. The IPO, an entirely fresh issue worth INR 759.6 crore, aims to fund debt repayment, land acquisition from parent firm BEL, and strategic initiatives. The firm operates nine hotels across major Indian cities in partnership with international hotel chains.Read more

Embassy Office Parks REIT posted a 15% year-on-year jump in net operating income, reaching INR 871.8 crore in Q1 of the current financial year. It announced a distribution of INR 549.8 crore to unitholders for the April-June quarter, up 4% from last year. Leasing activity was strong, with 2 million sq ft leased-comprising new deals, renewals, and pre-leased space-marking a 9% annual rise. On the leadership front, Ritwik Bhattacharjee stepped down as interim CEO but will stay on as Senior Advisor. Amit Shetty has been named the new CEO and will assume the role from August 2025.Read more

Flexible workspace provider Incuspaze has leased 3 lakh sq. ft. across three properties in Jaipur-The Edge, Sitapura Campus, and GT Landmark-marking a strategic expansion into Tier 2 markets. The move aligns with rising demand from GCCs and innovation-led companies. Jaipur's growing appeal lies in its infrastructure, affordability, and talent pool. Nationwide, flexible space operators leased 1.6 million sq. ft. in Tier 2 cities in 2023, with Jaipur seeing a 74% YoY leasing surge in Q1 2025. Incuspaze now operates in 18+ cities with a 4 million sq. ft. portfolio, aiming for INR 350-400 crore revenue in FY26 and an upcoming IPO.Read more

Laxmi India Finance Ltd, a Jaipur-based NBFC, launched its INR 254.26 crore IPO earlier this week, receiving a lukewarm response on the first day with only 37% overall subscription. The offering, priced between INR 150 and INR 158 per share, includes both a fresh issue and an offer for sale by promoters. While retail investors showed better enthusiasm with 60% subscription, institutional and high net-worth categories remained cautious. The company raised over INR 75 crore from anchor investors a day before the issue opened.Read more

Adani Green Energy's shares rose 3% recently following the announcement of its robust financial performance for the first quarter of the current fiscal year. The company reported a significant increase in its net profit after tax, alongside healthy growth in its revenue from operations. This positive momentum is attributed to a substantial rise in the sale of energy, which grew by 54% year-on-year, driven by operational capacity expansion. This strong Q1 performance highlights Adani Green Energy's continued leadership in India's renewable energy sector and its positive trajectory in a market focused on green solutions.Read more

Hongkong Land reported a net profit of USD 297 million in H1 2024, reversing its prior-year loss due to reduced valuation losses on investment properties. Despite ongoing high vacancy rates in Hong Kong's office market, the company's Central portfolio remains nearly fully occupied. Underlying profit held steady at USD 384 million, and an interim dividend of 6.5 US cents per share was maintained. The company saw stable performance from development projects in mainland China, Singapore, and Indonesia, supported by resilient demand. With moderate gearing and strong liquidity, Hongkong Land expressed cautious optimism, highlighting disciplined capital management and confidence in long-term recovery.Read more

The Bruhat Bengaluru Mahanagara Palike uncovered around 3.7 lakh properties in the city with unpaid property taxes amounting to INR 700-800 crore. Despite reminders and auction notices issued for 6,000-7,000 properties, compliance remains poor. Authorities are now blocking e-khata accounts to stop property transactions until dues are cleared. This enforcement drive is expected to stretch over several months, aiming to recover dues and deter further evasion.Read more

The Reserve Bank of India has introduced a fresh framework limiting how much banks, NBFCs, and All-India Financial Institutions can invest in Alternative Investment Funds. As per the new rules, no regulated entity can invest more than 10 % in any AIF scheme, and total investment from all such entities cannot exceed 20 % of the AIF's corpus. If more than 5 % is invested in a scheme that indirectly funds a borrower of the investor, a 100 % provision will be required. These directions will come into force in early 2025, with previous investments covered under older norms.Read more

Bengaluru Airport City Ltd (BACL), a subsidiary of Bangalore International Airport Ltd, has joined hands with Prestige Group to establish a large-scale, integrated convention and exhibition centre within the airport premises. Designed to host global events, the venue will include an 8,000-seat Convention and Exhibition Centre, a luxury hotel under the St. Regis brand, a performing arts theatre, premium office spaces, and curated food and beverage experiences. The collaboration highlights BACL's commitment to enhancing global connectivity and positioning Bengaluru as a leading MICE destination.Read more

Retail space leasing in key Indian cities witnessed a notable 69 percent year-on-year increase during the first half of the year, reaching approximately 5.7 million sq ft, as per JLL India. This growth was attributed to heightened demand from both domestic and international retailers. Simultaneously, new supply of retail space more than doubled to 2.3 million sq ft across seven prominent cities. The sector has already achieved 70 percent of last year's total leasing activity, and leasing volumes are projected to surpass 10 million sq ft for the full year.Read more

Nexus Select Trust reported strong Q1 FY26 performance with net operating income rising 11.65% to INR 460.2 crore and total income up 12% to INR 647.9 crore. Retail tenant sales touched INR 3,300 crore amid steady 97% occupancy. Despite a 14% drop in net profit, the REIT maintained its eighth consecutive full payout of INR 2.23 per unit. Key acquisitions-Vega City, Bengaluru and MBD Ludhiana-showed positive traction. Debt cost dropped to 7.5%, with ample headroom for growth. Operating across 19 Grade-A retail centres in 15 cities, the REIT expects 15% NOI and 10% distribution growth in FY26.Read more

Jamshedpur's registration department will increase benchmark property rates by 10% starting next month, impacting freehold areas like Sonari, Mango, Jugsalai, and Ulyan. This revision will raise stamp duty and registration charges, prompting buyers to possibly expedite deals at current rates. Leasehold areas under Tata Steel, such as Bistupur, Sakchi, and Kadma, remain unaffected, offering more cost-effective options. Officials anticipate a short-term spike in demand for properties registered under existing lower rates and potential rental hikes as owners adjust for higher acquisition costs. The move is part of the state's routine property valuation review and may shift investor focus toward leasehold zones.Read more

India is set to receive USD 100 billion in investments from the European Free Trade Association (EFTA) over the next 15 years as part of a trade agreement signed in March 2024. The deal, which becomes effective from October, will see funding channeled into infrastructure, manufacturing, pharmaceuticals, and other key sectors. In return, India has agreed to reduce or eliminate tariffs on products such as Swiss watches, chocolates, and polished diamonds. Meanwhile, the US has increased duties on seafood and automobiles, affecting Indian exporters.Read more

The Indian Renewable Energy Development Agency (IREDA) recently raised nearly INR 2,006 crore through a Qualified Institutional Placement (QIP), following the remarkable response to its IPO last year. The move has drawn significant participation from heavyweight investors, including LIC and global financial firms such as Morgan Stanley and Societe Generale. The strong market performance of IREDA's stock post-listing reflects widespread investor optimism around India's renewable energy push. The developments underscore the growing global and domestic confidence in the company's business model and the sector's long-term growth prospects.Read more

Home First Finance Company India has reported a significant 35.47 percent surge in its net consolidated profit after tax for the quarter ending June 30, 2025, reaching INR 118.89 crore. The company also saw a healthy 33.38 percent growth in total consolidated income. This strong financial performance is complemented by a 28.6 percent year-on-year increase in Assets Under Management (AUM) and a seven percent rise in disbursements. The successful completion of a Qualified Institutional Placement (QIP) and a credit rating upgrade are set to strengthen HomeFirst's capital base and support its expansion plans, including a growing branch network and low gross non-performing assets (NPA).Read more

A recent CBRE analysis has indicated that rising economic rents across key Asia Pacific markets have made office leasing increasingly expensive for occupiers, prompting many corporates to reassess the economics of building their own premises versus continuing to lease. While the 'build' option had long appeared capital-intensive, recent rent escalations in prime markets such as Mumbai, Ho Chi Minh City, and Manila have tipped the scale in favour of ownership for some. This shift is reshaping long-term real estate strategy discussions among occupiers with substantial space requirements.Read more

Aditya Birla Real Estate (ABREL) is targeting sales bookings of INR 15,000 crore by fiscal year 2028, reflecting its aggressive growth plans following a strategic restructuring. The company, which recently divested its pulp and paper business, aims to develop new projects primarily through joint ventures and joint development agreements to minimize capital expenditure. ABREL is also working towards a net debt-free balance sheet to ensure financial health. This renewed focus on real estate, coupled with an emphasis on partnerships and a strong balance sheet, positions the company for significant expansion in India's dynamic property market.Read more