Larsen & Toubro (L&T) has reported a robust 29.8% rise in consolidated net profit to INR 3,617.19 crore for the June quarter, driven by strong operational revenue growth. The company also saw a 16% year-on-year increase in revenue, touching INR 63,679 crore. The order book stands tall at INR 612,761 crore, marking the highest first-quarter inflow in its history. With its five-year Lakshya'26 strategic roadmap nearing completion, L&T appears firmly on track to exceed its financial and diversification targets across core and new-age sectors.Read more

Leasing of industrial and warehousing spaces in India surged by 63 percent in the first six months of this calendar year, reaching 27.1 million square feet across eight major cities. This growth, primarily driven by strong demand from e-commerce players and third-party logistics (3PL) providers, highlights a reshaping of the logistics landscape due to evolving consumer expectations and supply chain optimization. Delhi-NCR led the leasing activity, followed by Bengaluru and Hyderabad. The trend is expected to continue into the second half of the year, with a focus on premium, sustainable, and tech-enabled facilities, as India's e-commerce market continues its rapid expansion.Read more

Kolte-Patil Developers Ltd has reported a consolidated net loss of INR 16.99 crore for the quarter ending June, a shift from a profit in the same period last year. The company's total income also saw a sharp decline to INR 96.81 crore. This financial performance, reported today, follows a period where the real estate firm had recorded a profit of INR 6.23 crore in the year-ago period and a significantly higher total income. Kolte-Patil Developers is a leading real estate firm with a notable presence in Pune, Mumbai, and Bengaluru.Read more

Realty firm Omaxe Ltd has raised INR 431 crore through the issue of Non-Convertible Debentures (NCDs) on a private placement basis. This capital infusion, primarily for business growth, was executed through its subsidiary, Omaxe New Chandigarh Developers Pvt Ltd. The move follows Omaxe's recent announcement of acquiring a 450-acre land parcel in Indore for a large township project with an investment of INR 1,200 crore. This fundraising via NCDs highlights Omaxe's strategy to expand its presence across North and Central India, building on its extensive development portfolio.Read more

The Lucknow Municipal Corporation (LMC) has revised its waste collection charges, linking them to property tax records-INR 50/month for homes taxed up to INR 5,000 annually and INR 100 for higher-taxed properties. This citywide charge applies even in areas where LMC collection is irregular or absent, prompting criticism from residents in zones like Chinhat and Gomtinagar who already pay private collectors. While LMC claims the move enhances transparency and funds long-term improvements, locals call it unfair. This is the first update since 2017 and offers relief to 40% of lower-taxed households. Payments are mandatory, with a 10% discount for advance online payments.Read more

Mahindra Lifespace Developers (MLDL) reported a Q1 FY2026 net profit of INR 51.26 crore, up from INR 12.74 crore year-on-year, despite a sharp 80% drop in total income to INR 40.61 crore. The company raised INR 1,494.54 crore via a successful rights issue to support debt repayment, land acquisition, and working capital. Gross development value additions surged to INR 3,500 crore, up from INR 1,400 crore. Residential pre-sales dropped to INR 449 crore due to pending approvals, with new launches expected soon. MLDL maintained a low debt-equity ratio of 0.19 and saw active leasing in its industrial segments in Jaipur and Chennai.Read more

Aadhar Housing Finance has reported a net consolidated profit of INR 237.28 crore for the first quarter of fiscal year 2026, marking an 18.56 percent increase. This growth comes with a 19.38 percent rise in total income, driven by strong demand in the affordable housing sector. The company also saw its Assets Under Management (AUM) grow by 22 percent year-on-year to INR 26,524 crore, with disbursements up 32 percent. This strong financial performance highlights Aadhar Housing Finance's health and its role in meeting the growing need for affordable homes across India.Read more

Realty firm Brigade Enterprises recently announced it aims for revenue exceeding INR 1,000 crore from its newly launched residential project, 'Brigade Avalon', in Bengaluru. The project, spread across 4.36 acres on Whitefield Main Road, features 206 apartments and offers a total development area of 6.4 lakh square feet. Whitefield is a key area for Brigade Enterprises, which has been a leading real estate developer since 1986, with a diversified portfolio across residential, office, and retail properties, alongside interests in hospitality and education.Read more

Namo Realtech has secured INR 350 crore in funding from a real estate-focused lending platform operated by BGO-Aditya Birla Sun Life AMC, marking a significant boost to its residential development in Gurgaon. The investment is part of a structured credit strategy launched in 2022, which has already committed USD 100 million across 10 deals and aims to scale up to USD 1 billion by 2028. Executives from both companies highlighted the robust prospects of India's residential property market.Read more

India's office market recorded an 11% year-on-year rise in gross leasing to 178 lakh sq ft in Q2 2025, indicating a revival in corporate demand, particularly across Delhi-NCR, Bengaluru, and Mumbai. Delhi-NCR led with 16% growth in Grade A absorption, supported by demand from BFSI, tech, and consulting firms. Flexible workspace providers and global capability centres (GCCs) also significantly contributed to the demand surge. Shifting occupier preferences toward tech-integrated, ESG-compliant office spaces have spurred leasing in both metro cities and Tier II locations, reaffirming India's appeal in the APAC office leasing market.Read more

IHG Hotels & Resorts has entered into a franchise agreement with KGA International Trades for the development of Holiday Inn Express Kottayam Changanassery in Kerala. The hotel, scheduled to open in the first quarter of 2027, will offer 90 rooms and be part of the under-construction KGA Mall, a mixed-use development. This collaboration marks IHG's second partnership with KGA, following their earlier project, Crowne Plaza Kochi. IHG currently operates 50 hotels across six brands in India, with 63 more properties in the pipeline set to launch within the next five years.Read more

The Goa government has amended its Homestay Policy to address key challenges for local communities in the state's rural hospitality sector. Under the revised policy, eligible applicants will now receive a direct grant of INR 2 lakh to set up homestays, replacing a previous reimbursement model that posed financial hurdles. This move, primarily aimed at empowering rural women who will manage these homestays, seeks to create livelihood opportunities, preserve cultural heritage, and add to Goa's tourism offerings. The application process will begin after the ongoing assembly session concludes next week, with an initial phase supporting 100 homestays and plans to strengthen partnerships with platforms like Airbnb and MakeMyTrip.Read more

Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, has received approval from SEBI to launch its Real Estate Investment Trust (REIT) public offering, aiming to raise INR 4,800 crore. Having already secured INR 1,400 crore from investors pre-IPO, KRT is set to become India's largest REIT by gross asset value, estimated at INR 62,000 crore, upon its launch in the first week of August. Its portfolio spans over 46 million square feet of office assets across 29 properties in six major cities. This IPO signifies growing investor confidence in India's institutional-grade real estate and the REIT model.Read more

The Karnataka cabinet has approved a 1% fire cess on the property tax of all newly constructed multi-storeyed buildings. This includes residential apartments, commercial complexes, hospitals, schools, and industrial units. The collected amount will be used exclusively to upgrade and expand fire and emergency services in urban areas. The cess is part of an amendment to the Karnataka Fire Force Act, 1964, and applies to all high-rise buildings above 21 metres in height.Read more

A detailed audit conducted by Nagpur's town planning department has found nearly 30,000 structures missing from official municipal records. These buildings, though physically present and in use, had not been assessed for property tax, with many listed as vacant plots. The Nagpur Municipal Corporation (NMC) has now begun matching these structures with its GIS database. Once the ground verification is done, property owners will be issued assessment notices. This move is expected to bring a significant number of previously unlisted properties into the city's formal tax system and boost municipal revenue.Read more

Ajmera Realty & Infra India (ARIIL) has reported a 21.79 percent increase in its net consolidated profit for the first quarter of fiscal year 2026, reaching INR 38.28 crore. The company's total income also rose by 32.36 percent. This growth is attributed to improved project execution, leading to a 42 percent rise in collections-its highest quarterly revenue in five years. Ajmera Realty also strategically reduced its overall debt by 6 percent, improving its debt-to-equity ratio. Despite regulatory delays for new projects, the company remains positive about launching nine new ventures with a combined gross development value of INR 6,460 crore.Read more

India saved over INR 4 lakh crore (approximately USD 46 billion) in fossil fuel and pollution-related costs in 2024, thanks to its growing renewable energy capacity. A report by the International Renewable Energy Agency (IRENA) highlights that these savings came from avoiding USD 14.9 billion in fossil fuel expenses and preventing 410.9 million tonnes of CO2 emissions, alongside realizing USD 31.7 billion in air pollution benefits. India's renewable energy, especially solar PV, is noted as the second cheapest globally after China, with costs consistently falling due to efficiency and innovation, positioning the country as a leader in cost-effective green energy.Read more

Invesco, a US-based investment management firm, has divested shares totaling over INR 3,202 crore in Indian real estate companies Oberoi Realty and Lodha Developers through open market transactions. Specifically, Invesco Developing Markets Fund sold stakes valued at approximately INR 1,883 crore in Oberoi Realty and over INR 1,319 crore in Lodha Developers. The divestment by Invesco, a global institutional investor, signals a notable portfolio rebalancing in India's dynamic real estate market.Read more

Mumbai's Slum Rehabilitation Authority (SRA) has recovered INR 1,386 crore in unpaid rent from builders over the past three years, marking a major push for financial compliance in slum redevelopment. The amount includes INR 601 crore from regular collections, INR 134 crore via an amnesty scheme, and INR 650 crore from a rule mandating two years' advance rent. A recent amendment to the Maharashtra Slum Areas Act empowers SRA to seize assets-even those of company directors-to recover dues. CEO Mahindra Kalyankar stated these steps will ensure timely rent for slum dwellers awaiting rehousing and help accelerate project completion across the city's dense informal settlements.Read more

A Vancouver-based office-focused REIT operating in U.S. Sun Belt markets has agreed to sell to an affiliate of Elliott Investment in a USD 1.1 billion all-cash transaction that includes debt. Shareholders are offered USD 7.00 per share roughly a 26% premium over recent trading levels which triggered a more than 24% jump in share price. The takeover hinges on approval and sale of its Phoenix portfolio and is expected to wrap by late this year. Stakeholder confidence is pegged on a hoped-for recovery in the challenged office sector.Read more