The PMRDA has approved an INR 156 crore plan to upgrade key roads in Khed taluka, particularly around the busy Chakan industrial area. The project includes widening and resurfacing seven PMRDA roads and five Major District Roads, expanding widths from 3.75 m to between 5.5 m and 10 m, with work targeted for completion in one year. To enable this, over 428 encroachments have been cleared, including 347 buildings. The initiative forms part of a larger INR 558.12 crore road development programme covering more than 40 km in and around Chakan. PMRDA has also begun land surveys for the proposed Chakan bypass, which will help divert heavy vehicles and ease local congestion.Read more

Radhe Developers (India) Ltd has withdrawn its proposed rights issue after a board review carried out this week. The company did not provide specific reasons for the withdrawal, but rights issues usually require wider shareholder participation and longer timelines. In place of this, the board has cleared a preferential issue of shares valued at up to 64.1 million INR. This move gives the company a more focused way to raise capital from selected investors. Radhe Developers has taken similar funding decisions in previous years as part of its capital planning.Read more

Ahmedabad Municipal Corporation has approved a wastewater-user levy on luxury hotels discharging more than 10 kilolitres per day, with the charge set at INR 8 per kilolitre. Around 20 upscale properties, including three- to five-star hotels, will see this applied from the 2026-27 billing cycle. The revision is linked to compliance norms required for a major infrastructure upgrade supported through an international funding programme. Annual bills for these hotels are projected to rise by INR 1.5-2 lakh, reflecting the city's attempt to align high-consumption commercial users with sustainable water-management practices.Read more

The Delhi government has begun a comprehensive overhaul of circle rates, its first major review in over a decade, to bring property valuations closer to current market realities. Officials said a new 'A+' category is being created for ultra-luxury areas like Lutyens' Delhi, where market prices far exceed the existing top slab. Farmhouse valuations, especially in south Delhi, are also under reassessment, as many continue to be taxed at agricultural rates despite functioning as high-end residences or event venues. With categories last updated in 2014 and 2008, the committee is examining both upward and downward revisions and will seek public feedback before finalising its recommendations.Read more

Public sector banks have overtaken private lenders in the home loan market, expanding their share to half of all loan originations by value, according to a new credit information report. Nearly 40 per cent of home loans now fall in the high-value segment above INR 75 lakh, with only a modest rise in active loan accounts but a clear increase in average ticket sizes. The home loan portfolio grew 11.1 per cent year-on-year to INR 42.1 lakh crore. Consumption credit also expanded 15.3 per cent to INR 109.6 lakh crore, driven largely by gold-backed loans. The report noted improving asset quality, with overdue consumption loans easing to 3 per cent.Read more

The Maharashtra government has exempted stamp duty and registration fees for existing residents moving into 400-600 sq ft homes under Mumbai's cluster redevelopment programme. Through a directive by the Inspector General of Registration and Controller of Stamps, the combined area original, additional, and fungible will now be valued at a concessional rate (112 times the rent or a lower rate) instead of full construction or ready-reckoner cost. This move could save up to INR 4.36 crore in large projects and is aimed at boosting stalled cluster redevelopment work. Critics suggest the timing ahead of civic elections raises political questions.Read more

SEBI Chairman Tuhin Kanta Pandey clarified that the regulator has no plans to oversee digital gold or e-gold products, as they fall outside SEBI's jurisdiction. Speaking at the National Conclave on REITs and InvITs-2025, he said investors seeking gold exposure should use SEBI-regulated options like Gold ETFs, exchange-traded commodity derivatives and Electronic Gold Receipts, all of which offer safeguards absent in digital gold schemes. His remarks follow recent appeals from digital gold platforms requesting formal regulation and SEBI's advisory warning investors against such products. The regulator stressed that digital gold is neither a security nor a commodity derivative, leaving buyers exposed to significant operational and counterparty risks.Read more

AdaniConneX, the joint venture between Adani Enterprises Ltd and EdgeConneX, has taken over Trade Castle Tech Park Private Ltd for INR 231.34 crore. The deal was formalised through a share purchase agreement signed during the past week with existing shareholders Shree Naman Developers and Jayesh Shah. The acquisition gives AdaniConneX access to a large land parcel and key licences held by TCTPPL, which was incorporated in late 2023 but has not yet begun commercial operations. The move strengthens AdaniConneX's long-term plan to expand its national data centre platform.Read more

OYO Assets, also known as Sunday PropTech and backed by PRISM, received a fresh equity infusion of INR 125 crore from institutional and private investors led by InCred. The fundraise took place in the past week and will support the company's plan to expand its hotel portfolio across premium and mid-premium categories. The company aims to acquire 12 hotels in the ongoing financial year, with seven deals already at advanced discussion stages. The investment strengthens its position in a sector that has been drawing organised capital and growing investor confidence.Read more

SEBI plans to work with industry players to enable the inclusion of REITs in market indices, a move expected to significantly boost liquidity. Chairman Tuhin Kanta Pandey said at the National Conclave on REITs and InvITs-2025 that the regulator is also examining ways to simplify operations for REITs and InvITs, including widening the liquid mutual fund schemes they can invest in and allowing privately placed InvITs to invest in greenfield projects with safeguards. Recent reforms include treating REITs as equity for mutual fund allocations and lowering entry thresholds for InvITs. SEBI is also engaging with IRDAI, PFRDA, EPFO and institutional investors to expand participation as retail awareness remains low.Read more