The Pimpri Chinchwad Municipal Corporation (PCMC) successfully listed its INR 200 crore Green Bonds on the BSE last week, marking Maharashtra's first such municipal green bond and India's fourth. The issuance received an overwhelming investor response, being oversubscribed 5.13 times, and is aimed at funding the Harit Setu infrastructure project. This strategic initiative is part of a 12-year master plan to enhance urban transport and sustainable road networks. The listing event saw participation from key state leadership, underlining the importance of this milestone.Read more

The Wealth Company Asset Management Pvt Ltd, a subsidiary of Pantomath Group, has rolled out the Bharat Bhoomi Fund with a corpus of INR 2,000 crore, aimed at India's real estate sector. Structured as a Category II AIF under the Bharat Value Fund Series, the initiative combines seasoned leadership, a strong pipeline, and a diversified strategy. Targeting key sectors such as warehousing, hospitality, data centres, and plotted developments, the fund aims to deliver results across high-growth urban markets, capitalising on India's expanding digital and green infrastructure.Read more

The Ayodhya district administration has revised circle rates for the first time in eight years, with property values rising by 30% to 200% across various localities. The sharpest hikes are seen within a 10-km radius of the Ram Janmabhoomi Temple, where rates have increased over 150%, reflecting growing demand driven by religious tourism and infrastructure projects. Localities like Rakaabganj, Devkali, and Avadh Vihar now rank among the most expensive in the district. The revised rates-ranging from INR 26,600 to INR 27,900 per sq. metre in temple zones-are based on land usage and transaction history. Officials say the update improves transparency and aligns with market trends. The change also affects stamp duty, loan appraisals, and compensation in land acquisition cases. With ongoing developments including roads, hotels, and an international airport, Ayodhya is emerging as a key real estate and pilgrimage hub.Read more

IRB Infrastructure posted a near 9% rise in toll revenue for May 2025, reaching INR 581 crore, compared to INR 536 crore in the same period last year. The company's largest toll projects, including the IRB MP Expressway in Maharashtra, Golconda Expressway near Hyderabad, and Ahmedabad Vadodara Super Express Tollway, contributed significantly to this growth. The addition of the Lalitpur Lakhnadon NH44 TOT-12 project also helped boost collections. The company attributed the growth primarily to the holiday season and a surge in new commercial and passenger vehicles. IRB remains India's largest private toll road developer, managing assets worth over INR 80,000 crore across 12 states.Read more

The National Highways Authority of India (NHAI) has announced plans to introduce a public Infrastructure Investment Trust (InvIT), aimed at expanding its investor base by including retail investors alongside institutional players. This initiative follows NHAI's earlier success with a private InvIT that monetised over 2,300 km of highways. NHAI intends to offer three Toll-Operate-Transfer (ToT) bundles quarterly of varying sizes and hold one to two InvIT phases annually, adapting bundle sizes based on market conditions. The move seeks to attract expertise-driven institutional investors and provide broader access to infrastructure assets, under a regulated framework governed by SEBI.Read more

Kalpataru Projects International Ltd (KPIL), along with its global subsidiaries, has recently secured new contracts worth INR 3,789 crore. The orders notably include the company's largest buildings and factories (B&F) contract to date in India, involving the development of over 12 million square feet of residential space on a design-and-build basis. Additionally, KPIL has secured orders in power transmission and distribution within overseas markets. This accomplishment reflects years of strategic efforts to enhance project acquisition capabilities and strengthen competitiveness through capital expenditure and execution expertise. KPIL continues to expand its presence, currently operating projects in over 30 countries worldwide.Read more

Birla Estates has recently raised USD 50 million (INR 420 crore) from the International Finance Corporation (IFC) to fund two major real estate projects in the Mumbai Metropolitan Region and Pune. The investment will be channelled through two Special Purpose Vehicles, where Birla Estates retains majority economic interest. This funding underscores the company's commitment to sustainable urban development and aims to enhance housing accessibility, particularly for first-time homeowners. With recent expansions into key markets including NCR, Bengaluru, and Pune, Birla Estates is rapidly scaling its presence in India's competitive real estate sector.Read more

Three prominent tech companies Ascent-K Circuit, Aurionpro ToshiAutomatic Systems, and Amber Enterprises India Ltd received letters of intent from YEIDA to set up manufacturing units near the Noida International Airport. With a total proposed investment of around INR 4,000 crore, the companies will utilise land parcels in Sectors 8 and 10 to produce electronics and home appliances. These developments are part of a larger push by Uttar Pradesh to position the region as a global manufacturing hub, aided by favourable policies and rapid infrastructure development.Read more

Chennai's residential rental market is witnessing sharp hikes, with year-on-year increases of up to 25% in key areas. Anarock data shows a 22.2% quarter-on-quarter rise in Q3 2024, the highest among major Indian metros. Localities near IT corridors like Velachery, Sholinganallur, and Taramani now see 1BHK rents ranging from INR 25,000 to INR 35,000 per month. Even outer suburbs like Pallavaram and Kolathur are no longer affordable. The surge is driven by demand from Global Capability Centres (GCCs), limited new housing supply, and property tax hikes. Middle-income tenants are moving to farther suburbs, while many professionals are opting for shared housing or co-living spaces. Comparisons to Bengaluru's rental trends are growing, raising concerns about Chennai's affordability. Without proactive housing policies and infrastructure improvements, the city risks facing long-term housing challenges similar to its southern counterpart.Read more

The Indian electric vehicle (EV) sector is set to catalyse massive real estate demand and investment, according to a recent report by Savills India. Projecting a requirement of nearly 6,900 acres and USD 9 billion in investments by 2030, the report highlights the critical need for facilities related to EV manufacturing, lithium-ion battery production, and public charging stations. Supported by strong government policies and rising environmental and fuel cost concerns, the EV market is accelerating rapidly. This surge is anticipated to significantly boost demand for industrial, warehousing, and logistics real estate, underlining a transformative impact on the real estate landscape aligned with India's EV adoption targets.Read more