The Greater Chennai Corporation (GCC) has streamlined its property tax system for 2025, encouraging homeowners to utilize a new, user-friendly online portal for payments. This initiative is part of a broader digital governance push to enhance transparency and improve tax collection efficiency. By using the official website (tnurbanepay.tn.gov.in), residents can conveniently pay dues, track payment history, and even apply for property assessments, all from the comfort of their homes.Read more

Sattva Engineering Construction, an ISO-certified EPC company specializing in water and wastewater infrastructure, has launched its Initial Public Offering (IPO) on August 26, 2025. The company aims to raise INR 35.38 crore at a price band of INR 70-75 per share, with the funds intended for working capital and general corporate purposes. The IPO is a key milestone for Sattva, which has executed over 50 projects and has a current order book of INR 308.09 crore. This move is aimed at enabling the company to scale operations and capitalize on growing demand from government initiatives such as the Jal Jeevan Mission and AMRUT.Read more

Altum Credo Home Finance, a housing finance company catering to first-time homeowners from low-income groups, has raised INR 170 crore in equity funding from British International Investment. The infusion will support geographical expansion across India and improve the company's IT and digital infrastructure. Altum Credo indicated that this development would enhance operational efficiency, strengthen customer engagement, and reinforce its digital delivery channels.Read more

Sammaan Capital has successfully raised USD 300 million through its first international bond issuance since adopting its new brand identity. The three-year senior secured social bonds carry a coupon of 8.95 per cent, with interest payable semi-annually. The proceeds will be channelled into onward lending and sustainable financing under the Reserve Bank of India's ECB framework. The company is also preparing to raise an additional USD 500 million from a multilateral agency, aiming to increase international borrowings to 10-15 per cent of its overall funding structure in the coming year.Read more

In a strategic deal, asset management firm 360 ONE Asset has acquired a 50% stake in Bluegrass Business Park from Brookfield Asset Management for an enterprise value of approximately INR 2,400 crore. This investment, which was completed in late August 2025, reflects growing investor confidence in India's commercial real estate sector. The acquisition gives 360 ONE Asset exposure to a two million sq ft office development in Kalyani Nagar, Pune, strengthening its real assets platform and marking its first partnership with a major global institutional investor in the real estate sector.Read more

The Ranchi Municipal Corporation (RMC) has issued a strict directive to the city's top 500 property tax defaulters, demanding that they clear outstanding dues within ten days. The civic body has warned of legal action under the Jharkhand Municipal Act if payments are not made. Officials described the announcement as a last opportunity for chronic offenders, adding that repeated defaults weaken civic services and slow urban development. The RMC highlighted that property tax remains its primary source of revenue and warned that further negligence would invite stringent recovery measures.Read more

Square Yards reported a 45 per cent increase in revenue to INR 378 crore for the June quarter, compared with INR 260 crore in the same period last year. EBITDA reached INR 4.4 crore, and gross profit rose to INR 70 crore. The company facilitated over 55,771 transactions with a Gross Transaction Value of INR 18,480 crore. Revenue growth was seen across real estate brokerage (36 per cent), financial services (60 per cent), and home renovation (21 per cent). CEO Tanuj Shori highlighted that the results demonstrate the strength of the company's operating model and the effectiveness of its diversified business approach.Read more

The Housing and Urban Development Corporation (HUDCO) will raise up to INR 3,000 crore through non-convertible debentures (NCDs) via private placement, as part of its plan to mobilize INR 65,000 crore in FY 2025-26. Backed by strong Q1 FY26 results, HUDCO reported a 13% rise in consolidated net profit to INR 630.23 crore and a 34% jump in total income to INR 2,945.47 crore. Loan sanctions more than doubled to INR 34,224 crore, with disbursements hitting a record INR 12,812 crore. With a loan book of INR 1.34 lakh crore, HUDCO aims to channel fresh funds into housing and infrastructure projects under schemes like PMAY and Smart Cities.Read more

Mysuru Development Authority's (MDA) online auction of stray plots drew strong global participation, with bids far exceeding reserve prices and setting new benchmarks. A 745 sq ft corner plot in Vijayanagar IV Stage, valued at INR 59.6 lakh, sold for INR 2 crore, while a 4,133 sq ft site worth INR 3.3 crore fetched INR 9 crore. With 200 sites auctioned in four phases, each received an average of eight bids, though 25 single-bid plots may be cancelled. Some bids crossed INR 20,000 per sq ft-well above Mysuru's typical market range. The exercise, MDA's first in two years, generated record revenue for city development.Read more

Shares of Reliance Power and Reliance Infrastructure hit lower circuit limits as investors reacted to recent CBI action against Reliance Communications over alleged bank fraud of INR 2,929.05 crore. Reliance Communications' shares also fell sharply. The investigating agency conducted searches at the company's official premises and Anil Ambani's residence. Both Reliance Power and Reliance Infrastructure clarified that they operate independently, have no financial or business connections with Reliance Communications, and Anil Ambani has not been part of their boards for years. The companies confirmed their operations and stakeholders remain unaffected.Read more