Hindustan Construction Company (HCC) reported a 63.37% decline in consolidated net profit to INR 90.08 crore for the quarter ending in March 2025, a significant drop from INR 245.23 crore in the corresponding quarter of the previous year. The company's total income during the reviewed period fell to INR 1,392.20 crore from INR 1,813.05 crore, while expenses reduced to INR 1,077.91 crore from INR 2,073.33 crore. For the entire financial year 2024-25, HCC registered a consolidated net profit of INR 112.63 crore, considerably lower than INR 478.16 crore in FY24. The company secured three contracts worth INR 5,692.6 crore in partnership with joint venture partners and emerged as the lowest bidder for projects valued at INR 3,513 crore. Additionally, it has submitted bids worth INR 30,950 crore, currently under evaluation.Read more

IRB Infrastructure announced a 10 per cent increase in toll revenue for April 2025, amounting to INR 554 crore, up from INR 503 crore in the same month last year. The IRB MP Expressway in Maharashtra contributed the largest share of INR 150.7 crore, followed by the IRB Ahmedabad Vadodara Super Express Tollway, which reported a revenue of INR 65.4 crore. CG Tollway and Udaipur Tollway also witnessed notable gains in revenue collection. Deputy CEO Amitabh Murarka indicated that the company's strong performance in FY25 is anticipated to continue in FY26, underpinned by favourable economic conditions and budgetary measures.Read more

The Ludhiana Improvement Trust (LIT) has launched two one-time settlement schemes aimed at easing the financial burden on property owners. These policies offer significant discounts on non-construction fees and provide an opportunity for allottees with pending dues to regularize their properties. Eligible individuals, such as senior citizens and legal heirs of deceased soldiers, are entitled to additional benefits. Property owners must submit their applications by July 31 to take advantage of these schemes, which aim to enhance urban development and compliance in Ludhiana.Read more

Aptus Value Housing Finance India Ltd, headquartered in Chennai, reported a consolidated profit of INR 207.02 crore for the January-March 2025 quarter, marking a significant rise from INR 164.03 crore in the corresponding quarter of the previous year. For the financial year ending March 2025, the company achieved a profit of INR 751.24 crore, up from INR 611.89 crore in the previous financial year. The company's Assets Under Management (AUM) grew by 25% year-on-year, reaching INR 10,865 crore. During FY25, the firm disbursed INR 3,604 crore, reflecting a 15% growth in disbursements. Aptus also expanded its operational network by adding 38 new branches, increasing its presence to 300 locations.Read more

CBRE's recently released Q1 2025 report for the Asia Pacific region reveals varied performance across the real estate sectors. While office leasing showed strong growth, especially due to upgrading and relocation demand, commercial real estate investment volumes dipped slightly by 1% quarter-on-quarter (q-o-q), totalling USD 32.8 billion. The office market saw a 25% year-on-year (y-o-y) improvement in net absorption, and retail leasing sentiment remained optimistic. However, the logistics sector faced increased vacancy rates as occupiers hesitated due to global trade uncertainties. Investment activity was primarily boosted by Japan and Korea, with office sector investments outperforming others.Read more

The Nashik Metropolitan Regional Development Authority (NMRDA) has been entrusted with 13,645 hectares of government land across 190 villages in six talukas. This initiative aims to address the rapid urbanization in peri-urban and semi-urban areas, where local bodies often lack the resources for systematic development. NMRDA plans to create an integrated development plan, utilizing these lands for essential civic infrastructure such as sports grounds and water treatment plants. The authority is also in the process of formulating a land-use policy to ensure organized and community-centric development.Read more

Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed a draft document for an INR 472 crore Initial Public Offering (IPO) of PropShare Titania, its second SM REIT scheme. The IPO will solely consist of a fresh issue of Titania units, with no Offer For Sale (OFS) component. PropShare Titania comprises 4,37,973 sq ft of grade A+ office space in G Corp Tech Park, Mumbai, fully occupied by prominent tenants like Aditya Birla Capital and Concentrix. The scheme offers projected distribution yields of 9 per cent for FY26 and FY27 and 9.1 per cent for FY28. Proceeds from the IPO will primarily be utilised for asset acquisition.Read more

Star Housing Finance Limited (Star HFL), a BSE-listed home finance company specialising in low-cost retail housing finance, has reported notable financial growth for the fiscal year ending March 31, 2025. The company recorded a 54% increase in revenue, reaching INR 94.96 crores, and a 25% rise in profit after tax (PAT), amounting to INR 11.10 crores. Star HFL's assets under management (AUM) surged by 22% to INR 520.70 crores, driven by increased demand for affordable home loans. The company disbursed housing finance worth INR 148.60 crores to over 1,250 homebuyers across its operational geographies, while also executing its first direct assignment valued at INR 55.83 crores.Read more

The Bruhat Bengaluru Mahanagara Palike (BBMP) reached a major milestone in April 2025 when it collected INR 1,417 crore in property taxes, which accounted for almost 25% of its ambitious annual target of INR 5,716 crore. This marks a substantial increase from the previous year's collection of INR 670 crore in the same month. The BBMP attributes this surge to the integration of solid waste management charges with property tax payments and the extension of a 5% rebate on early payments until May 31, 2025. Despite the positive trend, approximately 3.75 lakh property owners still owe INR 836 crore in unpaid taxes, prompting the BBMP to plan stringent recovery measures post-May 31.Read more

Ajay Poly, Laxmi India Finance, and Veritas Finance were among the five businesses that received regulatory approval from SEBI earlier this week to raise money through initial public offerings (IPOs). Additionally, Rajasthan-based Jajoo Rashmi Refractories and Kolkata-based Regaal Resources received the green light to float IPOs. Veritas Finance aims to raise INR 2,800 crore, comprising a fresh issue worth INR 600 crore and an Offer-for-Sale (OFS) of INR 2,200 crore by key investors. Laxmi India Finance, Ajay Poly, Regaal Resources, and Jajoo Rashmi Refractories have outlined specific plans for fund utilisation, ranging from debt repayment to expanding manufacturing capacities. Meanwhile, Earthood Services withdrew its draft IPO documents.Read more