The Karnataka government has announced a betterment tax and a 1% stamp duty cess on properties near the Bengaluru Business Corridor (BBC) to recover project costs and repay a USD 3.27 billion loan from HUDCO. The betterment tax will apply to properties within 500 meters of the tolled road, while the stamp duty cess will cover transactions within 1 km of the corridor. Additional revenue measures include transit-oriented development on select land parcels. These steps aim to fund infrastructure, interest, and other costs while enhancing the corridor's commercial viability.Read more

TFCIL is expanding its lending focus beyond hospitality to include real estate and MSME solar financing, aiming for INR 2,000 crore in disbursements in the next fiscal year. Current exposure to hospitality is about 65%, which the company plans to reduce to around 50% by FY27 through diversified lending. Its initiatives include financing hotel infrastructure, promoting green energy adoption via MSME solar projects, and launching a tourism-focused Alternative Investment Fund. With urbanisation and office work trends, TFCIL is evolving into a key partner for sustainable tourism, real estate, and MSME development.Read more

Housing Development and Infrastructure Limited (HDIL), once a leading real estate developer, is facing a major financial challenge. The company, along with Ravijyot Finance and Leasing Private Limited and its promoters, owes over INR 2,059.30 crore to Unity Small Finance Bank (USFB), formerly Punjab & Maharashtra Cooperative (PMC) Bank. To recover these dues, USFB plans to auction a 426-acre land parcel in Dahisar West, Mumbai, with a reserve price of INR 1,234.62 crore. Interested bidders need to pay an earnest money deposit of INR 15 crore. The e-auction will accept bids in increments of INR 2 crore. Buyers should note ongoing litigations and clearance requirements that may affect development.Read more

Can Fin Homes Ltd. reported an 18.89% rise in consolidated net profit for Q2 FY26, reaching INR 251.42 crore, supported by a 9.01% increase in total income to INR 1,049.45 crore. The loan portfolio grew by 8% to INR 39,657 crore, with housing loans forming the major portion. Loan disbursements for the half-year rose 7% to INR 4,560 crore. The company maintained strong liquidity with a coverage ratio of 217.24% and provisions of INR 495 crore, while its stock showed limited movement due to investor concerns over sector competition and rising interest costs.Read more

A recent report from ANAROCK Research found that India's retail-focused real-estate investment trusts (REITs) could grow to between INR 60,000 crore and INR 80,000 crore by 2030, accounting for roughly 30-40 % of the total national REIT market. Currently dominated by office-space trusts, the retail segment is gaining ground thanks to maturing Grade-A malls, robust consumption and changing geography of retail demand. Tier-II cities like Indore, Coimbatore, Surat, Bhubaneswar and Chandigarh are emerging as key growth hubs.Read more

Oberoi Realty's sales bookings fell by 10 percent in the second quarter of the current fiscal to INR 1,299.06 crore due to reduced area sold, although the number of units remained stable at 158. Collections rose to INR 1,352.82 crore, compared with INR 1,211.17 crore last year. Consolidated net profit increased by 29 percent to INR 760.26 crore, and total income grew to INR 1,844.84 crore. The company maintained steady unit sales and improved revenue, reflecting resilience in the luxury housing segment despite lower sales volumes.Read more

Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has confidentially filed preliminary papers with SEBI to raise between INR 9,000 crore and INR 10,000 crore through an initial public offering. The issue will include both fresh equity and an offer-for-sale by existing shareholders. The funds are expected to support the company's expansion plans, including a 5.1 GW integrated solar facility in Uttar Pradesh and additional capacity at its Butibori plant in Maharashtra. The IPO could value the company between INR 1.10 lakh crore and INR 1.3 lakh crore.Read more

Kolkata-based Jayesh Logistics has set the price band for its initial public offering at INR 116-122 per equity share, raising a total of INR 28.63 crore through a fresh issue of 23.47 lakh shares. The IPO will open for public subscription later this week and conclude a few days afterward, with anchor investor bidding taking place a day before the public offer. Funds raised will support the purchase of trailers, expansion of warehousing and logistics infrastructure, working capital needs, and general corporate purposes. The company is a growing player in road and rail freight, cross-border cargo, and supply chain management.Read more

Recently, actor Sonu Sood and his son Eshaan Sood acquired a plot of land in the Shirdon area of Panvel Taluka for INR 1.05 crore. The site spans approximately 0.0650 hectares (777 square yards), and the transaction included stamp duty and registration charges. In a separate purchase, Eshaan also bought an apartment in Andheri West, Mumbai, for INR 2.6 crore earlier in the year, with associated duties and fees duly recorded.Read more

Vedanta Group plans an additional investment of INR 1 lakh crore in Odisha, including an alumina refinery, an aluminium park in Dhenkanal, and a ferro-alloys plant in Keonjhar. The projects are expected to generate over 100,000 direct and indirect jobs, enhancing Odisha's industrial presence. Two aluminium parks, one nearly complete in Jharsuguda and another planned, will support aerospace, defence, and EV sectors while attracting downstream investments. The Odisha government has assured full support, and Vedanta aims to encourage innovation and entrepreneurship through these industrial initiatives.Read more