The Indore Development Authority (IDA) has listed 31 properties for auction through online bidding, targeting revenue of more than INR 1,000 crore. These properties, spread across seven locations, include residential, commercial, semi-commercial plots, and specific allocations like petrol pump land and industrial spaces. IDA CEO RP Ahirwar highlighted that the properties, valued at INR 978 crore, are expected to attract bids ranging from 10% to 50% above the base price. Known for their legal clarity and modern amenities, the properties are anticipated to appeal to investors. Revenue from the sales will support major development projects, including flyovers.Read more

The Bangalore Development Authority (BDA) is facing a significant financial challenge, as property owners in the Arkavathi and Nadaprabhu Kempegowda layouts owe a total of INR 3,503.64 crores in unpaid development charges. Despite benefiting from infrastructure development in these areas, many owners have not paid the charges, which are essential for maintaining services such as roads and drainage. The BDA is seeking to recover the dues through legal measures. In addition, unauthorized constructions have compounded the issue, leading the BDA to issue notices to property owners to regularise their assets by paying the charges.Read more

Sanofi Healthcare India, a subsidiary of the global healthcare giant Sanofi, has secured a lease for 270,000 sq ft of office space in Hitech City, Hyderabad. The lease, which began on January 1, covers six floors of the RMZ Spire-Tower 110. The agreement, registered earlier this month, includes a monthly rent of INR 75 per sq ft, amounting to INR 2.05 crore. The healthcare company has also paid a security deposit of INR 15.3 crore and committed to a five-year lock-in tenure with a provision for a 15% rent increase after three years.Read more

BBMP is set to auction properties with large tax arrears after multiple warnings. A property in the East Zone will go under the hammer on February 5, while two properties in the Dasarahalli Zone and one in Bommanahalli will be auctioned on February 6. The auction comes after property owners failed to clear their dues despite receiving showcause notices. The tax arrears range from INR 11 lakh to INR 1.8 crore. BBMP is proceeding with the auction under Section 156 of the BBMP Act 2020 and plans to issue over 500 notices in the coming weeks.Read more

Can Fin Homes (CFHL) achieved a 5.99% rise in its consolidated net profit for Q3 FY25, reaching INR 212.12 crore compared to INR 200.13 crore in the same quarter last fiscal. The company's total operational income grew by 9.34% to INR 986.14 crore. Its loan portfolio expanded by 9% to INR 37,155 crore, with 77% allocated to housing loans. However, disbursements saw a sequential dip due to registration issues in Karnataka linked to the e-khata system. The board declared an interim dividend of INR 6 per share. Key financial indicators, including a robust CRAR of 24.67% and a low gross NPA of 0.92%, reflect the company's strong financial health.Read more

A state-owned BSNL property spanning 780 cottahs in Kolkata is set to become one of the city's largest real estate transactions, valued at INR 1,900 crore. Located at a prime intersection near AJC Bose Road, the site includes a heritage building and offers potential for mixed-use development. While the National Land Monetization Corporation (NLMC) has initiated the sale process, industry experts foresee challenges such as Army permissions, height restrictions, and limited demand for luxury apartments. Nonetheless, this development is viewed as a significant opportunity to unlock underutilised land in the heart of the city.Read more

Sundaram Alternates, a subsidiary of Sundaram Asset Management Company (SAMC), has successfully raised over INR 1,000 crore for its Sundaram Alternative Opportunities Series - High Yield Secured Real Estate Fund IV. The fund is primarily focused on South Indian micro-markets and is 70% deployed, delivering approximately 19% internal rate of returns (IRRs). With a proven track record of deploying over INR 3,200 crore into senior credit at 18-20% asset-level returns, the company aims to build resilient and diversified secured credit portfolios while tapping into rewarding opportunities.Read more

B.R. Goyal Infrastructure Limited, a Madhya Pradesh-based EPC service provider, launched its IPO recently on the BSE SME platform, aiming to raise approximately INR 85.21 crore. The issue saw robust demand, with subscriptions exceeding expectations at 82.77 times the issue size. However, despite a promising grey market premium and high investor interest, the shares were listed flat, matching the IPO price of INR 135 per share. The funds will be utilised for capital expenditures, working capital needs, and future acquisitions. The company's strong order book indicates its growth potential, but market sentiment remains cautious.Read more

India Mortgage Guarantee Corporation (IMGC) has partnered with GIC Housing Finance Ltd. (GICHFL) to launch innovative mortgage guarantee-backed home loan products. This collaboration aims to improve accessibility and affordability for salaried and self-employed borrowers, addressing key challenges in India's housing finance sector. By leveraging IMGC's expertise and GICHFL's extensive network, the partnership seeks to expand homeownership opportunities, particularly for middle- and low-income groups. With a focus on responsible lending, the initiative offers higher eligibility and reduced EMIs, making housing more attainable. Both establishments remain committed to delivering customer-centric solutions while fostering growth in India's rapidly evolving housing market.Read more

With the Union Budget FY26 approaching, the Indian real estate sector is calling for crucial reforms, including a reduction in stamp duty, a revision of home loan deduction limits to INR 5 lakh, and an update to affordable housing norms under PMAY. Industry leaders from CREDAI-NCR, Anarock, and major developers like Gaurs, Raheja, and Kanodia Group emphasize the need for tax incentives, GST rationalization, and liquidity measures to boost housing demand. With 2024 witnessing a slowdown, stakeholders believe targeted fiscal measures could drive growth, support urbanization, and improve accessibility in the housing sector for buyers and investors alike.Read more