The Delhi Development Authority (DDA) has sanctioned a series of major reforms intended to reinvigorate Delhi's commercial real estate market. Amalgamation charges for commercial properties have been reduced from 10% to 1% of the circle rate, and the auction multiplier lowered from 2x to 1.5x. These decisions are designed to counterbalance the capital's long-standing regulatory cost disadvantage compared to neighbouring cities. Additionally, DDA approved land use changes in Narela to establish an educational and sports hub and announced a premium housing scheme for 2025 with 177 units across prime locations.Read more

IIFL Home Finance has secured a USD 100 million, five-year loan from AIIB to expand lending for affordable and low-cost housing development, marking AIIB's first such partnership with the firm. The loan carries an 8.58% cost per annum, includes a 1.5-year moratorium, and promotes green building practices. Serving underserved regions across 18 states, IIFL Home Finance already manages INR 40,000 crore in assets, two-thirds of which are affordable housing loans. This marks a significant step toward meeting housing demand among EWS/LIG families while advancing eco-friendly infrastructure in line with India's climate ambitions.Read more

INOX Clean Energy has filed draft papers with SEBI for an Initial Public Offering (IPO) to raise INR 6,000 crore, potentially becoming India's largest clean energy IPO. The company aims for a market capitalization of around INR 50,000 crore with over 10% equity dilution. Proceeds are set aside for new solar and IPP facilities. INOX Clean Energy operates 157 MW and has 400 MW under construction, with a 2.2 GW pipeline. The firm expects INR 6,500 crore capex, funded by debt and accruals, but requires additional equity for manufacturing units.Read more

The Lucknow Development Authority (LDA) has transferred maintenance of four sectors in Gomtinagar Extension to the Lucknow Municipal Corporation (LMC), providing INR 40 crore for civic amenities. This investment targets drinking water and sewerage upgrades, including extending water pipelines and sewer lines, installing new tubewells, and repairing existing infrastructure. The move, initiated by the LDA vice-chairperson, aims to improve services for residents. The Jal Kal Department will execute the work, which also involves cleaning sewer lines and repairing manholes, signaling efforts to enhance urban infrastructure in Lucknow.Read more

The central government has granted tax-saving status to IREDA Ltd.'s bonds under Section 54EC of the Income Tax Act, effective July 9, 2025. This allows investors to save capital gains tax up to INR 50 lakh on five-year redeemable bonds. The initiative aims to facilitate low-cost fundraising for renewable energy projects that can self-service debt. It strengthens India's renewable energy financing ecosystem, contributing to the nation's 500 GW non-fossil fuel capacity target by 2030.Read more

The Indian Venture and Alternate Capital Association (IVCA) will host its inaugural Renewable Energy Summit 2025 on July 15 in Mumbai. Organized with Avendus, EAAA Alternatives, and Singularity Capital, the summit aims to accelerate capital deployment and public-private collaboration in India's clean energy sector. Amidst India's non-fossil fuel power capacity reaching 44%, the event will convene global and domestic investors, policymakers, and entrepreneurs. Discussions will cover clean power finance, renewable energy's role in EVs and AI, energy storage innovations, and policy. The summit highlights India's position as a top destination for clean energy investments.Read more

NABARD Chairman Shaji KV announced that the IT integration of Regional Rural Banks (RRBs), following the recent amalgamation under the 'One State One RRB' framework, is slated for completion by mid-September. With 28 RRBs now operational across 26 states and 2 Union Territories, efforts are underway to build a common digital infrastructure to better serve rural India. NABARD is digitising agri value chains, enabling blockchain-based crop traceability, and enhancing financial access through business correspondent networks. It is also supporting new tech stacks for agriculture, fisheries, and cooperatives, with 70,000 cooperatives already digitised.Read more

Bain Capital has reduced its holding in Embassy Office Parks REIT by offloading a 1.87% stake for INR 691 crore through an open market transaction. The US-based firm's affiliate, APAC Company XXIII, sold over 1.78 crore units at an average price of INR 388 each. This move follows Embassy REIT's recent fundraise of INR 1,550 crore via debentures and bank loans aimed at refinancing debt. The REIT currently operates a 51.1 million sq ft portfolio of commercial office spaces across major Indian cities.Read more

The Gujarat government will receive 50% of the revenue from the sale of development rights for a 4,420 sq m plot on the Sabarmati Riverfront, generating INR 156.13 crore. This is mandated by a 2004 agreement for state-owned land. The Sabarmati Riverfront Development Corporation Ltd. (SRFDCL) approved the sale. The land disposal policy, updated in October 2023 and January 2024, uses value zones based on the GIFT City model. One previous auction was successful, while another was canceled due to a single bid, amid discussions about alleged plan changes favoring a bidder.Read more

Smartworks Coworking Spaces has garnered INR 173.64 crore from anchor investors prior to launching its IPO, with shares allotted at INR 407 each. Of the total 42.66 lakh shares allocated, over 32% were subscribed by domestic mutual funds including Tata Mutual Fund, Baroda BNP Paribas, and Trust Mutual Fund. The IPO, sized at INR 583 crore at the upper price band, aims to raise INR 445 crore through fresh issue, with INR 226 crore earmarked for fit-out-related capital expenditure and INR 114 crore for loan repayments. Despite recent net losses, the company reported significant revenue growth in FY 2024-25.Read more