The Amaravati capital city project in Andhra Pradesh is set to receive the second tranche of USD 200 million from the World Bank by the end of this year, a senior state government official confirmed. The World Bank and Asian Development Bank have each pledged USD 800 million, bringing the total external funding to USD 1.6 billion (INR 13,600 crore). The Centre will also contribute INR 1,400 crore from its INR 15,000-crore commitment. Of the first disbursement of USD 207 million, nearly half has been spent. Both funding agencies are conducting regular monthly reviews of the project.Read more

Century Real Estate recorded sales bookings of INR 1,062 crore in the July-September quarter, more than double the INR 452 crore achieved in the same period last year. Its sales in the first half of the fiscal reached INR 1,305 crore, up from INR 907 crore year-on-year. The company attributes the growth to strong buyer demand, rising NRI investments, infrastructure-led corridor development, and increased premium housing interest. Century Real Estate has strengthened its presence across central luxury markets and North Bengaluru growth hubs, with a 25 million sq ft portfolio.Read more

The recent rationalisation of GST is expected to lift revenue growth for organised apparel retailers by around 200 bps this fiscal, sustaining topline growth at 13-14% for the second consecutive year, according to Crisil Ratings. The uniform 5% GST on apparel priced up to INR 2,500 is likely to support demand in the mid-premium and fast-fashion segments, particularly as festive season spending increases. However, the rise in GST to 18% for items above INR 2,500 could dampen premium categories, including wedding wear and handlooms. Reduced input costs from lower cotton and synthetic fibre taxes may further support retailers.Read more

The Nashik Municipal Corporation (NMC) has obtained a INR 750 crore loan from the World Bank to strengthen the city's sewerage infrastructure. The project will involve laying over 200 km of new sewer lines and replacing old ones across six municipal divisions, including Pachavati, Cidco, Nashik Road, and Satpur. Currently, the city manages around 323.3 million litres of sewage per day through 1,600 km of existing networks. The initiative also aligns with the AMRUT scheme, under which the government contributes 50% of the funding, while the remaining comes from the civic body.Read more

Sobha Limited reported a strong performance for the quarter ended 30 September, with net profit rising to INR 72.52 crore from INR 26.08 crore a year earlier. Total income grew 52% to INR 1,469.32 crore, supported by higher sales and collections. The company sold 1.39 million sq ft of space, a 50% increase, achieving an average realisation of INR 13,648 per sq ft. Collections rose 49% to INR 2,046 crore, while sales value surged 61% to INR 1,903 crore. With net debt at INR 751 crore and a negative net debt-to-equity ratio, Sobha remains financially strong and well-positioned for its planned 16.69 million sq ft of launches over the next six quarters.Read more

Nimbus Projects Ltd reported a 9% rise in sales bookings, reaching INR 239 crore in the second quarter of the fiscal year, compared to INR 220 crore during the same period last year. Pre-sales in the first half totaled INR 311 crore, showing steady growth. The company expects to acquire an additional 24,365 sq m of land from the Uttar Pradesh government in Greater Noida to develop projects worth INR 1,100 crore. Nimbus continues ongoing residential projects in Noida and Greater Noida, including the upcoming luxury development 'Arista Luxe.'Read more

LuLu International Shopping Malls Pvt Ltd has purchased a 66,168 sq m plot in Chandkheda, Ahmedabad, for INR 519.41 crore, marking the city's largest-ever property transaction. The deal, registered at the Sabarmati sub-registrar's office, generated INR 31 crore in stamp duty, a record for Ahmedabad. The Ahmedabad Municipal Corporation had auctioned the land at a base price of INR 76,000 per sq m, with LuLu securing it at INR 78,500 per sq m. After resolving land possession issues, the AMC approved a full sale deed instead of a 99-year lease, reflecting a policy shift towards investor-friendly practices and signalling rising confidence in Gujarat's real estate market.Read more

Sunteck Realty Limited recorded steady growth in its financial performance for the second quarter and first half of FY26. The company reported a 34% rise in pre-sales to around INR 702 cr and a 24% increase in collections to nearly INR 331 cr. Revenue from operations climbed 49% to approximately INR 252 cr, while EBITDA more than doubled to INR 78 cr. Profit after tax (PAT) stood at INR 49 cr, up 41%. For the first half, pre-sales reached INR 1,359 cr, and EBITDA rose 83% to INR 126 cr. Sunteck also secured two new projects in Andheri and Mira Road and achieved a top ESG rating in the 2025 GRESB assessment.Read more

HooLiv, a co-living and student housing start-up, has raised INR 24 crore from investors led by Negen Capital to boost its expansion in non-metro cities. Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, the company plans to use the funds for acquiring beds, enhancing its brand presence, and upgrading its property management technology. CEO Chinmoy Mishra highlighted the sector's transformation, citing future consolidation and stronger university partnerships. With this funding, HooLiv aims to scale its portfolio, strengthen operations, and address India's growing need for organised student housing beyond major urban centres.Read more

Units of Anantam Highways Trust saw a strong start after listing on the BSE and NSE, reflecting solid investor interest in infrastructure assets. On the BSE, the units opened above the issue price, surged to a high of INR 114, and closed at INR 104.98, up nearly 5%. On the NSE, the units listed at INR 103 and ended at INR 105.37, gaining over 5%. The trust, set up to own and operate road assets in India, had a well-subscribed INR 400-crore IPO, with proceeds intended for infrastructure projects, debt repayment, and corporate requirements.Read more