Aditya Birla Real Estate Ltd (ABREL) reported a consolidated net loss of INR 27.08 crore in Q1 FY2025-26, reversing its INR 17.35 crore profit from the same period last year. The company's total income also fell to INR 157.41 crore from INR 365.24 crore year-on-year. Losses from continued operations stood at INR 47.30 crore, partially offset by a INR 20.22 crore profit from discontinued operations. Formerly Century Textiles & Industries Ltd, ABREL recently exited its pulp and paper business to concentrate solely on real estate. The results reflect the company's transitional phase as it streamlines operations and repositions itself within India's property development market.Read more

Bengaluru's rollout of the digital e-khata system has brought hidden property tax liabilities into light. Around half a million properties were found to be underreported either by misclassifying commercial space as residential or understating built-up area leading to nearly INR 500 crore in recoveries. With over 5.5 lakh final e-khatas issued and draft versions for millions more, BBMP is sending notices and expects to recoup substantial sums yet to be assessed. This initiative builds on previous audits and is rapidly transforming tax transparency in the city.Read more

PNB Housing Finance recorded a 23% rise in its net profit for the first quarter of FY26, driven by steady growth in loan disbursements, improved margins, and better asset quality. Profit rose to INR 534 crore, while total income crossed INR 2,080 crore. Retail-focused lending and higher disbursals in affordable and emerging segments contributed significantly. The company also improved its asset quality and strengthened its capital position, with assets under management growing 13% year-on-year.Read more

The Indian Renewable Energy Development Agency (IREDA) is set to raise between INR 2,500 crore and INR 3,000 crore through a Qualified Institutional Placement (QIP) this fiscal year. This fundraising initiative aims to significantly boost IREDA's lending capacity to INR 30,000 crore, enabling it to further support India's ambitious renewable energy projects. A recent policy change, designating IREDA's bonds as 'long-term specified assets' for capital gains tax exemption, is expected to reduce the company's cost of capital and enhance its market appeal, reinforcing its crucial role in the nation's green energy transition.Read more

Executive Centre India has filed its draft red herring prospectus with SEBI, seeking to raise INR 2,600 crore through a fully fresh issue IPO with no offer-for-sale component. The Mumbai-based premium flexible workspace provider plans to utilise the capital to invest in its Abu Dhabi subsidiary and part-finance the acquisition of TEC SGP and TEC Dubai from promoter TEC Singapore. With a strong pan-Asia presence and significant financial growth in FY25, the company aims to further solidify its leadership in the premium co-working space segment.Read more

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, raised INR 325 crore from 17 anchor investors just before its IPO opened for public subscription. The price band for the IPO has been set between INR 85 and INR 90 per share, with the offering expected to raise INR 759.6 crore entirely through a fresh issue. The proceeds will primarily be used to reduce debt, purchase land from the parent company, and fund strategic growth. The company operates nine hotels across South India and GIFT City under brands like Marriott, Accor, and IHG.Read more

Mindspace Business Parks REIT has added an 8 lakh sq ft commercial asset, 'Q-City', in Hyderabad's Financial District to its portfolio for INR 512 crore. The acquisition, finalized through a 100% stake in Mack Soft Tech Pvt Ltd, marks the company's first large external buy. With this move, Mindspace's total portfolio grows to 37.9 million sq ft, reinforcing its footprint in India's fastest-growing Global Capability Center hub. The asset was acquired at an 11.6% discount and reflects a 9.9% capitalization rate, signaling strategic capital deployment.Read more

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.Read more

Aurum PropTech has confirmed a 100% equity acquisition in PropTiger Marketing Services India Pvt Ltd from REA India Pte, Singapore, through a strategic all-stock equity swap. The deal includes issuing over 42 lakh equity shares to REA Group, the Australia-based parent of REA India. PropTiger, based in Gurugram, is part of REA India, which also owns Housing.com. The move aligns with Aurum PropTech's broader vision, including its recently SEBI-approved SM-REIT initiative and expansion across digital real estate services.Read more

The Greater Noida Industrial Development Authority (GNIDA) is facing substantial financial challenges, striving to recover over INR 4,081 crore in outstanding dues from 21 major real estate projects. Efforts to collect these significant amounts are hampered by ongoing legal battles across various courts, including the National Company Law Tribunal (NCLT) and the Supreme Court. Major defaulters identified include Supertech Ltd and Unitech Ltd, whose projects are under judicial supervision.Read more

Oberoi Realty Ltd, a leading Mumbai-based real estate developer, reported a 28 percent decline in its consolidated net profit for the June quarter, settling at INR 421.25 crore, primarily due to reduced income. The company's total income for the first quarter of the current fiscal year fell to INR 1,073.98 crore. Despite this profit reduction, Oberoi Realty achieved robust property sales of INR 1,639 crore during the April-June quarter and declared an interim dividend of INR 2 per equity share, equivalent to 20 percent of the face value, for the fiscal year 2025-26.Read more

Beta Group, a USD 4 billion diversified transnational conglomerate, has formally entered India's real estate and infrastructure sector through a strategic investment in Anta Builders, a prominent Kerala-based construction and property development company. Beta Group will acquire a 10 percent stake in Anta Builders, valued at INR 550 crore, and will join its board. This partnership aims to jointly raise INR 500 crore for future projects, focusing on high-growth urban centers like Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.Read more

Urban local bodies across Uttar Pradesh have initiated a significant house tax recovery drive from July 15 to July 31 that aims to collect pending dues from over 55 lakh properties in 17 major cities. This intensive campaign targets an ambitious revenue of INR 1,862 crore, building on a robust 21% growth in consolidated revenue to INR 5,568 crore in the 2024-25 financial year. The initiative, crucial for funding civic services and urban development, also addresses property owners' grievances stemming from recent GIS-based tax revisions.Read more

Sharjah-based developer Arada is preparing to issue up to USD 500 million in a sukuk Islamic bond to finance fresh land purchases and support its growth during the UAE's booming real estate cycle. Following a strong USD 150 million sukuk tap last September and a USD 400 million issuance prior, Arada aims for similarly high demand. It joins regional peers like Sobha Realty and Omniyat, who also raised USD 500 million this year. Founded in 2017, the firm posted over USD 1.1 billion in revenue last year, marking a 40% rise and expanding internationally, including plans in Australia.Read more

Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has successfully raised INR 2,000 crore for its sixth real estate fund, the Indian Realty Excellence Fund VI (IREF-VI). The capital, garnered from a diverse investor base including family offices, Indian High Net Worth Individuals (HNIs), and offshore investors via the GIFT City route, has already seen about 75 percent allocated across 15 real estate projects. Primarily focused on mid-income residential developments in major Indian cities, the fund has already achieved its first exit, reflecting MO Alternates' robust investment strategy and growing real estate AUM exceeding INR 10,000 crore.Read more

ITC Hotels Ltd has opened a new property in Prayagraj under its Welcomhotel brand, adding to its expanding portfolio in Uttar Pradesh. The newly launched 60-key hotel brings the company's total footprint in the state to seven operational properties, with six more under development. In a parallel development, TACC Ltd and the National Council for Cement and Building Materials (NCB) have formalised a partnership to innovate in next-generation construction materials using graphene-based additives.Read more

IndiQube Spaces has mobilised over INR 314 crore through anchor investors prior to its initial public offering (IPO). Key investors include Aditya Birla Sun Life MF, WhiteOak MF, and international entities such as BNP Paribas and Societe Generale. Shares were allotted at INR 237 each to 29 funds. The Bengaluru-based workplace solutions firm aims to raise INR 700 crore through the IPO, which includes a fresh issue of INR 650 crore and an INR 50 crore Offer for Sale. The capital will fund expansion, debt repayment, and corporate operations.Read more

NLC India Renewables Limited (NIRL), the green energy arm of government-owned NLC India, is set to launch an Initial Public Offering (IPO) aiming to raise INR 4,000 crore. This capital infusion will support NIRL's ambitious expansion plans to achieve 10 GW of green energy capacity by 2030, with a long-term target of 32 GW by 2047. The move, bolstered by a recent Cabinet Committee on Economic Affairs (CCEA) approval granting NLC India significant investment flexibility, aligns with India's broader national goals of achieving 500 GW of non-fossil fuel energy by 2030 and net-zero emissions by 2070.Read more

JSW Paints is set to acquire a 74.76% stake in Akzo Nobel India for INR 12,915 crore via a share purchase agreement with Akzo Nobel N.V., which will retain its powder coatings and R&D operations in India. JSW has also initiated an open offer to buy the remaining 25.24% from public shareholders, aiming for full ownership pending CCI approval. Akzo Nobel India, known for Dulux and Sikkens, boasts strong market presence and brand equity. JSW Paints, launched in 2019, has been expanding rapidly with two manufacturing units and a consumer-first approach. Meanwhile, Asian Paints exited its 4.42% stake, valued at INR 734 crore.Read more

The Tamil Nadu government has revamped property valuation rules to enhance transparency and align with market realities. A key change is the formal definition of 'composite value' which now includes both the built-up area and undivided land share of a flat's resolving past ambiguity in multi-storey building valuations. Valuation committees can now revise guideline values year-round, instead of only in October. New rules also factor in property quality, location, road access, and amenities under the Tamil Nadu Apartment Ownership Act, 2022. District registrars have been instructed to implement the changes immediately, with updated guideline values to be published online shortly.Read more