The Municipal Corporation of Gurugram (MCG) has stepped up its efforts to recover pending property taxes, sealing several properties across the city. Defaulters, despite repeated notices, have not cleared dues, leading to action in areas including Ambience Island and Bestech Cyber Park. Some property owners owe over INR 10 million each, with total outstanding dues exceeding INR 280 million. The MCG has warned that properties with unpaid taxes may be auctioned. This move is part of ongoing measures to secure funds for city infrastructure and development.Read more

Signature Global Ltd, the Gurugram-based real estate developer, witnessed a 28% decline in sales bookings during the second quarter of the current financial year due to a lower number of new housing launches. The company's sales bookings fell to INR 2,010 crore from INR 2,780 crore in the corresponding period last year. For the first half of FY2025-26, sales dropped 21% year-on-year to INR 4,650 crore. Despite the slowdown, the company remained confident of achieving its annual sales target.Read more

Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.Read more

The Nagpur Municipal Corporation (NMC) has stepped up its efforts to recover outstanding property taxes by identifying 149 properties for auction, targeting dues of INR 3.29 crore. This follows the recovery of INR 95.3 crore through tax warrants, yet total arrears exceed INR 938.7 crore. Zones like Mangalwari, Lakadganj, Satranjipura, Dhantoli, and Nehru Nagar account for most auctionable properties. NMC is prioritizing large commercial and institutional defaulters to enhance tax compliance and generate funds for critical projects, including the Nag River Pollution Abatement Project.Read more

National Housing Bank (NHB) extended a partial credit enhancement scheme to housing finance companies (HFCs) to help reduce their cost of funds and promote the flow of cheaper loans in the affordable housing sector. The support is conditioned on eligibility criteria such as asset size, credit ratings and non-performing asset limits. By covering up to half the bond issue value, NHB's move is expected to improve external ratings and enable HFCs to raise debt more competitively, benefitting end borrowers in the affordable housing segment.Read more

Home design platform Livspace reported a 23% year-on-year rise in revenue, reaching INR 1,460 crore in the past fiscal year, alongside a near 50% reduction in adjusted EBITDA losses to INR 131 crore. The company attributed the improvement to higher traction in premium and mass-premium segments, better revenue quality, and disciplined cost management. Backed by leading global investors, Livspace continues to expand its footprint across India and Singapore, serving thousands of homeowners with end-to-end renovation solutions.Read more

WeWork India Management Limited, a major player in flexible workspaces, made its stock market debut with shares opening slightly above the issue price but ending 3% lower. The IPO raised INR 3,000 crore (USD 338.16 million) and was fully subscribed 1.15 times, with strong institutional demand but weak retail and non-institutional participation. Analysts have flagged concerns over valuation, governance practices, and the absence of fresh capital. Despite operating in eight cities with growing revenue, the company faces competition from better-performing peers like Smartworks and IndiQube Spaces.Read more

Truhome Finance has secured a capital infusion of INR 417 crore from its majority shareholder, Warburg Pincus, to strengthen its balance sheet and support expansion plans. Since Warburg acquired the company in December 2024, Truhome has doubled its assets under management from INR 10,000 crore to INR 20,000 crore. With 200 branches and nearly 5,000 employees, the company is focused on sustainable growth and financial discipline. The investment reflects continued investor confidence in Truhome's strategy and operational capabilities.Read more

Bengaluru-based Puravankara Ltd reported a 4 % increase in quarterly sales bookings to INR 1,322 crore, driven by stronger demand for residential properties. Pre-sales during the first half of the fiscal grew to INR 2,445 crore from INR 2,349 crore a year earlier. Sales volumes were 1.50 million sq ft in Q2 and 2.75 million sq ft in H1, with average realisations rising to INR 8,814 per sq ft in Q2 and INR 8,891 per sq ft in H1. The company has completed 92 projects, holds 30 million sq ft of land, and has 35.75 million sq ft under ongoing development.Read more

Lodha Developers Ltd reported a 7% rise in sales bookings during the second quarter of the current fiscal, reaching INR 4,570 crore, supported by sustained housing demand. The developer stated that despite limited new launches, sales performance remained strong. With the Supreme Court recently clearing the Environmental Clearance (EC) process, the company plans to ramp up launches in the second half and aims to meet its annual pre-sales target of INR 21,000 crore.Read more