Nisus Finance Services has committed an investment of INR 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd a joint venture between Kumar Properties and Vibe Realty. The capital will fund three real estate developments: two society redevelopment projects in Khar and Goregaon (Mumbai), and a large-scale premium housing project in NIBM, Pune. Together, these projects hold a topline revenue potential of over INR 1100 crore, with Pune's project alone expected to deliver over 750 residential units. This move strengthens RESO-I's focus on de-risked, cashflow-positive urban projects.Read more

Mindspace Business Parks REIT has added an 8 lakh sq ft commercial asset, 'Q-City', in Hyderabad's Financial District to its portfolio for INR 512 crore. The acquisition, finalized through a 100% stake in Mack Soft Tech Pvt Ltd, marks the company's first large external buy. With this move, Mindspace's total portfolio grows to 37.9 million sq ft, reinforcing its footprint in India's fastest-growing Global Capability Center hub. The asset was acquired at an 11.6% discount and reflects a 9.9% capitalization rate, signaling strategic capital deployment.Read more

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.Read more

Adani Ports & SEZ Ltd, along with Super Handlers and Empezar Logistics, have submitted proposals to develop a substantial 174-acre multimodal logistics park in Sector Kappa-2, Greater Noida. This ambitious project, launched under a GNIDA scheme earlier this year, mandates a minimum investment of INR 1,200 crore and aims to generate over 5,000 jobs. Strategically positioned near the upcoming Noida International Airport and key freight corridors, the park will feature advanced cargo handling facilities, integrating road, rail, and air networks. This initiative is pivotal for boosting Uttar Pradesh's logistics infrastructure and transforming Greater Noida into a unified cargo hub.Read more

The Greater Noida Industrial Development Authority (GNIDA) is facing substantial financial challenges, striving to recover over INR 4,081 crore in outstanding dues from 21 major real estate projects. Efforts to collect these significant amounts are hampered by ongoing legal battles across various courts, including the National Company Law Tribunal (NCLT) and the Supreme Court. Major defaulters identified include Supertech Ltd and Unitech Ltd, whose projects are under judicial supervision.Read more

Oberoi Realty Ltd, a leading Mumbai-based real estate developer, reported a 28 percent decline in its consolidated net profit for the June quarter, settling at INR 421.25 crore, primarily due to reduced income. The company's total income for the first quarter of the current fiscal year fell to INR 1,073.98 crore. Despite this profit reduction, Oberoi Realty achieved robust property sales of INR 1,639 crore during the April-June quarter and declared an interim dividend of INR 2 per equity share, equivalent to 20 percent of the face value, for the fiscal year 2025-26.Read more

Urban local bodies across Uttar Pradesh have initiated a significant house tax recovery drive from July 15 to July 31 that aims to collect pending dues from over 55 lakh properties in 17 major cities. This intensive campaign targets an ambitious revenue of INR 1,862 crore, building on a robust 21% growth in consolidated revenue to INR 5,568 crore in the 2024-25 financial year. The initiative, crucial for funding civic services and urban development, also addresses property owners' grievances stemming from recent GIS-based tax revisions.Read more

Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has successfully raised INR 2,000 crore for its sixth real estate fund, the Indian Realty Excellence Fund VI (IREF-VI). The capital, garnered from a diverse investor base including family offices, Indian High Net Worth Individuals (HNIs), and offshore investors via the GIFT City route, has already seen about 75 percent allocated across 15 real estate projects. Primarily focused on mid-income residential developments in major Indian cities, the fund has already achieved its first exit, reflecting MO Alternates' robust investment strategy and growing real estate AUM exceeding INR 10,000 crore.Read more

B L Kashyap & Sons Ltd. (BLK), a prominent Engineering, Procurement, and Construction (EPC) firm, has secured a significant order valued at INR 910 crore (excluding GST) from BPTP Limited. This substantial contract involves the construction of civil structures for residential towers, associated non-tower areas, and crucial community infrastructure in Gurugram. The project, expected to span approximately 36 months, signals a renewed collaboration between the two companies. This reinforces trust in BLK's capabilities and its commitment to high-standard project delivery within Gurugram's dynamic real estate market.Read more

IndiQube Spaces has mobilised over INR 314 crore through anchor investors prior to its initial public offering (IPO). Key investors include Aditya Birla Sun Life MF, WhiteOak MF, and international entities such as BNP Paribas and Societe Generale. Shares were allotted at INR 237 each to 29 funds. The Bengaluru-based workplace solutions firm aims to raise INR 700 crore through the IPO, which includes a fresh issue of INR 650 crore and an INR 50 crore Offer for Sale. The capital will fund expansion, debt repayment, and corporate operations.Read more