SEBI's Secondary Market Advisory Committee (SMAC) met this week to review proposals aimed at strengthening India's trading ecosystem. Key discussions included revising broker position limits in equity derivatives, with a plan to raise end-of-day index futures limits from INR 500 crore to INR 1,500 crore and add a new intraday cap of INR 2,500 crore. Governance reforms for Market Infrastructure Institutions were also discussed, including appointing two independent Executive Directors to oversee compliance and operations, and linking top officials' variable pay to accountability standards. Other proposals included refining IPO price discovery mechanisms and introducing systematic withdrawal and transfer options for mutual fund investors.Read more

REA India, the company behind platforms like Housing.com and Makaan.com, has reported a strong financial year, with revenue growing by 25% to INR 711 crore for the fiscal year ending June 2025. The company also significantly reduced its EBITDA loss, signaling a clear path towards profitability. This performance is driven by the company's decision to move away from the full-stack real estate model. REA India's recent divestment of its housing brokerage arm, PropTiger, to Aurum PropTech for INR 86.45 crore, will allow it to focus on scaling its core technology platforms. The move aims to capitalize on the sustained demand for residential properties and solidify its position in the rapidly evolving Indian real estate technology market.Read more

The total assets under management (AUM) of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) in India witnessed significant growth, nearly touching USD 94 billion in the past fiscal year, compared with USD 42.1 billion recorded in 2019-20, as highlighted in a recent report by Knight Frank. With five REITs and 17 InvITs now listed on Indian stock exchanges, the market capitalisation of these instruments stood at USD 33.2 billion by the end of July 2025.Read more

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more

SEBI has proposed major changes to IPO rules for very large companies, aiming to ease the burden of immediate share dilution and encourage listings in India. The regulator suggests reducing the retail allocation in large IPOs and extending timelines to meet minimum public shareholding. Proposed rules vary by company size, with detailed requirements for different market capitalization bands. The changes allow companies to list with smaller IPOs initially, gradually increasing public shareholding over time. Public comments are open until early September, reflecting SEBI's consultative approach to reforming IPO norms.Read more

The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned 232 projects worth INR 2,30,626 crore, including 162 long-tenure loans totaling INR 1,74,872 crore, the Finance Ministry told Parliament. Established in 2021, NaBFID combines developmental and financial roles, coordinating with governments, regulators, and investors to strengthen long-term infrastructure financing. The Centre has infused INR 20,000 crore equity and INR 5,000 crore as grant support. Meanwhile, cyber incidents in scheduled commercial banks rose sharply in 2024, with 82 cases causing losses of INR 114.77 crore. On housing, the SWAMIH Fund has backed 127 projects, completing over 52,000 units to revive stalled developments.Read more

Star Housing Finance Limited announced its financial and business results for the quarter ending June 2025, reporting a 16% year-on-year growth in Assets Under Management (AUM) alongside an 11% increase in interest income. The company highlighted strong asset quality with Gross NPA at 1.65% and Net NPA at 1.13%. It also approved an increase in authorised share capital to INR 125 crores and plans to raise INR 50 crores through Non-Convertible Debentures.Read more

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has collected around INR 82.6 crore in property tax dues through its extended "Freedom from Penalty" amnesty scheme. The programme, earlier limited to residential properties, was widened to include commercial and industrial properties as well. The scheme allows a 95% waiver on penalty charges if dues are cleared in a single payment. More than 37,000 property owners have benefited so far. Civic officials said tax receipts for the ongoing financial year are already showing strong progress and could surpass last year's collections.Read more

The Telangana government has approved a hike in property registration values across major urban areas, particularly inside the Outer Ring Road, where nearly two-thirds of registration revenue is generated. The increase is expected to range between 30 % and 50 %, aimed at narrowing the gap between market prices and official registration rates. Committees led by additional collectors and supported by municipal authorities are preparing proposals for cabinet approval. A public feedback process will follow before implementation. Authorities estimate that this revision could add INR 2,000-2,500 crore in annual revenue for the state.Read more

Gurugram-based Elan Group has raised INR 140 crore from a real estate credit platform co-managed by BGO and Aditya Birla Sun Life AMC, marking another significant step in its financial restructuring. The fresh funding comes shortly after the developer secured INR 250 crore from Piramal Finance to support a commercial project and repaid INR 875 crore to PAG's Asia Pragati fund. The repayment, ahead of schedule, lowered interest liabilities and strengthened its financial position. With a history of drawing global investment including PAG's USD 110 million (INR 900 crore) in 2022 Elan appears focused on balancing debt and expansion in a competitive property market.Read more