In a major appeal to the West Bengal government, the Confederation of Real Estate Developers' Associations of India (CREDAI) has urged authorities to reconsider a new rule that requires stamp duty to be calculated on a property's super built-up area (SBUA). The recent amendment by the Directorate of Registration and Stamp Revenue has caused widespread disruption, stalling property registrations across the state. CREDAI argues that the SBUA lacks a standardized definition and leads to a lack of transparency for homebuyers. The association is advocating for the state to revert to the more transparent and RERA-compliant method of calculating stamp duty based solely on the carpet area to ensure clarity and prevent further market confusion.Read more

SEBI's Secondary Market Advisory Committee (SMAC) met this week to review proposals aimed at strengthening India's trading ecosystem. Key discussions included revising broker position limits in equity derivatives, with a plan to raise end-of-day index futures limits from INR 500 crore to INR 1,500 crore and add a new intraday cap of INR 2,500 crore. Governance reforms for Market Infrastructure Institutions were also discussed, including appointing two independent Executive Directors to oversee compliance and operations, and linking top officials' variable pay to accountability standards. Other proposals included refining IPO price discovery mechanisms and introducing systematic withdrawal and transfer options for mutual fund investors.Read more

REA India, the company behind platforms like Housing.com and Makaan.com, has reported a strong financial year, with revenue growing by 25% to INR 711 crore for the fiscal year ending June 2025. The company also significantly reduced its EBITDA loss, signaling a clear path towards profitability. This performance is driven by the company's decision to move away from the full-stack real estate model. REA India's recent divestment of its housing brokerage arm, PropTiger, to Aurum PropTech for INR 86.45 crore, will allow it to focus on scaling its core technology platforms. The move aims to capitalize on the sustained demand for residential properties and solidify its position in the rapidly evolving Indian real estate technology market.Read more

The total assets under management (AUM) of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) in India witnessed significant growth, nearly touching USD 94 billion in the past fiscal year, compared with USD 42.1 billion recorded in 2019-20, as highlighted in a recent report by Knight Frank. With five REITs and 17 InvITs now listed on Indian stock exchanges, the market capitalisation of these instruments stood at USD 33.2 billion by the end of July 2025.Read more

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more

India's office market demonstrated a strong 24% rise in net leasing across eight major cities in the first half of 2025, reaching 27.8 million sq ft. This growth was driven by key markets like Mumbai, Pune, Delhi-NCR, and Chennai. While Bengaluru saw a 3% decline, the overall market remains robust, with a 14% increase in new supply. This trend highlights a strong economic outlook, as India's office sector continues to outperform global trends.Read more

SEBI has proposed major changes to IPO rules for very large companies, aiming to ease the burden of immediate share dilution and encourage listings in India. The regulator suggests reducing the retail allocation in large IPOs and extending timelines to meet minimum public shareholding. Proposed rules vary by company size, with detailed requirements for different market capitalization bands. The changes allow companies to list with smaller IPOs initially, gradually increasing public shareholding over time. Public comments are open until early September, reflecting SEBI's consultative approach to reforming IPO norms.Read more

The Delhi Development Authority has rolled out its revamped Special Licence Property framework, with Fleur Hotels, a subsidiary of Lemon Tree Hotels, securing the first project under this scheme. The company won the rights to develop a five-star hotel on a two-acre site in Nehru Place with an annual licence fee of INR 27.19 crore, significantly higher than the base rate. The 55-year contract is projected to generate INR 10,000 crore in revenue, while Aurika, the planned luxury property, will feature over 500 rooms and expansive facilities.Read more

The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned 232 projects worth INR 2,30,626 crore, including 162 long-tenure loans totaling INR 1,74,872 crore, the Finance Ministry told Parliament. Established in 2021, NaBFID combines developmental and financial roles, coordinating with governments, regulators, and investors to strengthen long-term infrastructure financing. The Centre has infused INR 20,000 crore equity and INR 5,000 crore as grant support. Meanwhile, cyber incidents in scheduled commercial banks rose sharply in 2024, with 82 cases causing losses of INR 114.77 crore. On housing, the SWAMIH Fund has backed 127 projects, completing over 52,000 units to revive stalled developments.Read more

Janakpuri's District Centre, once a thriving hub for shopping and dining in West Delhi, has witnessed a revival with the steady entry of modern commercial developments. Spring House Workspaces, a homegrown flexible office operator, has reinforced its presence in the area by opening its third centre in Janakpuri. Spread across 20,000 sq. ft. with a capacity of over 400 seats, the facility is designed to meet the needs of startups, MSMEs, global enterprises, and remote professionals.Read more

Star Housing Finance Limited announced its financial and business results for the quarter ending June 2025, reporting a 16% year-on-year growth in Assets Under Management (AUM) alongside an 11% increase in interest income. The company highlighted strong asset quality with Gross NPA at 1.65% and Net NPA at 1.13%. It also approved an increase in authorised share capital to INR 125 crores and plans to raise INR 50 crores through Non-Convertible Debentures.Read more

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has collected around INR 82.6 crore in property tax dues through its extended "Freedom from Penalty" amnesty scheme. The programme, earlier limited to residential properties, was widened to include commercial and industrial properties as well. The scheme allows a 95% waiver on penalty charges if dues are cleared in a single payment. More than 37,000 property owners have benefited so far. Civic officials said tax receipts for the ongoing financial year are already showing strong progress and could surpass last year's collections.Read more

The Comptroller and Auditor General (CAG) has reported a notional loss of INR 13,362 crore due to lapses and irregularities in the Greater Noida Industrial Development Authority's operations. Covering 2005-06 to April 2021, the audit revealed that GNIDA prioritized residential growth over its core mandate of industrial development, with residential land use exceeding plans while industrial use lagged. Irregularities in group housing allotments alone left INR 10,732 crore in pending dues, causing project delays and distress for homebuyers. The report also flagged misuse of land acquisition rules and weak enforcement against defaulters. GNIDA says it is revising policies and pursuing recovery measures.Read more

Apple has secured one of Bengaluru's largest single-tenant office leases in a deal valued at over INR 1,000 crore. The technology giant has signed a 10-year lease for approximately 2.7 lakh sq ft of office space in the Embassy Zenith project. This strategic investment in a new corporate hub in Bengaluru runs parallel to its aggressive expansion in manufacturing and retail, positioning India as a key pillar in Apple's global ecosystem.Read more

IKEA India has opened its first store in Delhi, a 15,000 sq ft city-format outlet at Pacific Mall in West Delhi. The launch, which features 2,000 home furnishing products and a Swedish café, marks a significant step in the company's expansion across North India. This new store is part of IKEA's "One Click, 30 Minutes Away" strategy, which aims to combine physical accessibility with online convenience. The company plans to open more stores in the Delhi-NCR region, with two larger-format stores already under construction in Gurgaon and Noida.Read more

Gurugram-based Elan Group has raised INR 140 crore from a real estate credit platform co-managed by BGO and Aditya Birla Sun Life AMC, marking another significant step in its financial restructuring. The fresh funding comes shortly after the developer secured INR 250 crore from Piramal Finance to support a commercial project and repaid INR 875 crore to PAG's Asia Pragati fund. The repayment, ahead of schedule, lowered interest liabilities and strengthened its financial position. With a history of drawing global investment including PAG's USD 110 million (INR 900 crore) in 2022 Elan appears focused on balancing debt and expansion in a competitive property market.Read more

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

Miraj Cinemas, India's third-largest multiplex chain, expanded its Delhi NCR footprint with the opening of a new four-screen multiplex at KLJ Square Mall in Gurugram. The launch coincided with the release of War 2, adding to the excitement among cinema-goers. Designed with elegant interiors, gourmet food offerings, and state-of-the-art projection and sound systems, the property reflects Miraj's strategy of combining premium experiences with cutting-edge technology to attract audiences across metros and regional markets.Read more

Godrej Properties has reported a 42 per cent increase in net debt in the June quarter, reaching INR 4,637 crore, as the company continues to expand its housing portfolio through aggressive land acquisitions. Despite the rise, its debt-to-equity ratio remains at a comfortable 0.26. The company acquired five land parcels in Mumbai, Pune, Bengaluru and Panipat during the first quarter, with projects valued at INR 11,400 crore. It aims to surpass its sales booking guidance of INR 32,500 crore for this fiscal.Read more

Infosys has received a penalty of 97,035 Singapore dollars (over INR 66 lakh) from Singapore's tax authority for alleged delays in Goods and Services Tax (GST) payments for the April-June 2025 period. The company, which received the order on August 13, stated that the penalty does not have a material impact on its financials. In a separate development, Infosys also announced it will acquire a 75 percent stake in Versent Group, a subsidiary of Australian telecom company Telstra, for AUD 233.25 million (about INR 1,336 crore). This acquisition is part of a strategic collaboration to provide AI-enabled cloud and digital solutions for Australian businesses.Read more