Maharashtra Metro Rail Corporation Limited (MahaMetro) is planning to monetize its environmental efforts in the Nagpur and Pune metro projects by trading carbon credits. The corporation has floated a tender to hire a consultant who will quantify and document emissions reductions from initiatives like solar power use, regenerative braking, and a modal shift from road to rail transport. The consultant will manage the process from survey and carbon accounting to international registration under programs such as UN CDM, VERRA VCS, and India's emerging domestic carbon market, enabling verified carbon credits to generate revenue over a seven-year operational cycle.Read more

IRB InvIT Fund, sponsored by IRB Infrastructure Developers Ltd, raised INR 3,248.43 crore through an institutional placement of units, marking its first fund-raising since the 2017 launch. Investors holding more than 5% of units, excluding the sponsor, include Anahera Investment Pte. Ltd., Kotak Mahindra Bank, and CIM Investment Fund ICAV. The proceeds will partly fund the acquisition of three BOT highway assets: Hapur-Moradabad, Kaithal-Rajasthan Border, and Kishangarh-Gulabpura, with the associated Private InvIT expected to receive around INR 4,905 crore. This infusion positions the fund to pursue additional highway projects worth over INR 15,000 crore, strengthening IRB Group's development pipeline.Read more

India has set an ambitious goal to attract INR 80 lakh crore (approximately USD 1 trillion) in investments to its maritime sector by 2047. This initiative, part of the Maritime Amrit Kaal Vision, aims to position India among the top five shipbuilding nations globally. The strategy includes enhancing port infrastructure, expanding shipbuilding capabilities, and creating 1.5 crore jobs. The India Maritime Week (IMW) 2025, scheduled from late October in Mumbai, is expected to play a pivotal role in advancing these objectives.Read more

Mumbai-based Arkade Developers Ltd recorded an increase in its consolidated net profit during the past quarter, supported by higher income from operations. The real estate firm reported improved earnings compared with the same period last year, reflecting the steady demand for its residential projects. The company has already delivered more than 5.5 million square feet of real estate developments, with another 2 million square feet currently under construction.Read more

The Municipal Corporation of Delhi has rolled out a fully digital system for property tax dues and deposit certificates. Property-owners can now retrieve detailed tax records and certificates instantly via the MCD portal, removing the need for manual visits and middlemen. The service is currently free during its pilot phase, though a nominal charge may be introduced once the system is officially adopted. This shift promises faster processing and greater transparency in real estate transactions.Read more

Signature Global Ltd is set to raise INR 875 crore through private placement of 87,500 non-convertible debentures, each valued at INR 1 lakh, carrying an 11 per cent coupon rate and a tenure of just over three years. The allotment is planned for mid-October, with maturity expected in early 2029. Gurugram-based Signature Global, one of India's top real estate developers, achieved property sales worth INR 10,290 crore in 2024-25 and aims for INR 12,500 crore in pre-sales this fiscal, signaling strong operational growth and sustained investor interest.Read more

Umiya Buildcon Limited reported exceptional performance in the past quarter, achieving strong growth across its real estate and telecom divisions. The company recorded consolidated revenue of INR 20.57 crore, marking a significant quarterly and annual increase. Its EBITDA rose to INR 12.88 crore and net profit surged to INR 6.70 crore, supported by higher demand and operational efficiency. With new product launches and leadership appointments, the company reinforced its commitment to innovation, quality execution, and the government's Make in India initiative.Read more

Strata completed its exit from its Express Zone office in Goregaon East, Mumbai, for INR 40 crore, having originally purchased it for INR 33.6 crore. Over the holding period, investors earned rental returns of INR 12.9 crore. The deal is reported to have generated an internal rate of return (IRR) of 13 % alongside approximately 20 % capital appreciation. The property was fractionally held among 120 investors, and the lease completion allowed a successful handover and sale to a financial buyer.Read more

Ashok Leyland announced earlier this week that it has secured an order from Tamil Nadu State Transport Undertakings (TNSTU) for nearly two thousand buses. The company, which has already supplied over twenty-one thousand buses to TNSTU, stated that the new order will include a mix of fully built and chassis configurations catering to town, mofussil, and SETC operations. Each bus will be built on the latest AIS 153-compliant chassis platform, adhering to updated Indian safety and performance norms.Read more

Realty firm Anant Raj Ltd raised INR 1,100 crore through the sale of equity shares to institutional investors via a Qualified Institutional Placement (QIP) that closed earlier this week. The company's Finance and Investment Committee approved the allotment of over 1.66 crore shares at INR 662 each to prominent investors such as Societe Generale ODI, BNP Paribas Financial Markets, Morgan Stanley Asia Singapore, Jupiter India Fund, and Kotak Mahindra Life Insurance. The move was part of the company's capital-raising initiative to strengthen its financial position.Read more