Aadhar Housing Finance reported a 21 per cent increase in its net profit for the fourth quarter of the financial year 2024-25, amounting to INR 245 crore. The housing finance company's profit for the corresponding quarter in the previous year stood at INR 202 crore. Total income for the quarter rose to INR 834 crore from INR 692 crore in the same period last year, driven by a significant surge in interest income, which climbed to INR 722 crore from INR 596 crore. Asset Under Management (AUM) also grew by 21 per cent, reaching INR 25,531 crore. Meanwhile, the board has appointed Raj Vikash Verma, former chairman and managing director of National Housing Bank, as an independent director.Read more

Nexus Select Trust recently announced it has successfully acquired a commercial complex in Ludhiana that included a 96-key Radisson Hotel and a shopping mall. The transaction, valued at an enterprise amount of INR 531 crore, includes a purchase consideration of INR 490 crore, associated stamp duty of INR 10 crore, and provisions for capital expenditure, such as hotel renovations and mall upgrades. The MBD Complex, a Grade-A urban consumption centre, spans approximately 0.3 million square feet with a current occupancy rate of 95 per cent. Nexus Select Trust, India's first publicly listed retail REIT, continues to expand its diversified portfolio, which now includes 19 shopping malls, three hotel assets, and three office assets.Read more

During January-March 2025, housing prices in MMR, Delhi-NCR, Chennai, and Pune remained stable compared to the previous quarter, according to PropTiger. In contrast, Bengaluru and Hyderabad saw a 5% price rise, while Ahmedabad and Kolkata recorded 4% increases. Despite continued year-on-year growth, the pace has slowed, signaling a more balanced market. PropTiger CEO Dhruv Agarwala noted that this stability may encourage end-users while maintaining investor interest. Average prices per sq ft stood at INR 12,600 in MMR, INR 8,106 in Delhi-NCR, INR 7,173 in Chennai, and INR 7,109 in Pune. As 2025 nears, the market is expected to consolidate, supported by strong structural fundamentals.Read more

HUDCO reported a 4% rise in consolidated net profit to INR 727.74 crore for the March quarter of FY25, up from INR 700.16 crore in the same period last year, driven by higher income. Quarterly income rose to INR 2,854.91 crore from INR 2,194.04 crore. For the full fiscal year, net profit increased to INR 2,709.14 crore, while total income grew to INR 10,348.38 crore. HUDCO also plans to raise INR 2,190 crore via unsecured, taxable NCDs at a 6.9% annual coupon rate, maturing in five years. The move aims to strengthen its ability to finance housing and infrastructure projects nationwide.Read more

Flipspaces, a startup offering design and building solutions for commercial spaces, has secured USD 35 million (approximately INR 297 crore) from investors to drive its growth strategy. The funding round was led by tech growth investor Iron Pillar and included participation from existing investor Prudent Investment Managers and new entrant Synergy Capital. The capital will be utilised to bolster Flipspaces' presence in India, the US, and UAE, enhance its technology capabilities, and pursue inorganic growth in new markets and related sectors. The company has delivered over 8 million square feet of commercial space for more than 1,000 brands and achieved a CAGR of 65 per cent over the last four years.Read more

Bank of Baroda has lowered its home loan interest rates to 8% per annum from the earlier 8.40%, as announced earlier this week. The revised rate applies to loans beginning at INR 15 lakh, with additional benefits such as a 0.05% concession for women and a 0.10% concession for borrowers under 40. This move comes as part of BoB's strategic push to expand its retail loan book and offer more competitive terms amid a stable monetary climate. The rate cut may trigger similar moves from other lenders, enhancing affordability in the housing sector.Read more

Significant increases in profit, income, and net operating income were among the impressive financial results reported by Embassy Office Parks REIT for the fourth quarter of FY2024. The REIT's leasing activity outperformed expectations, securing 8.1 million square feet of leases, with over 65% of them from multinational corporations. The company has declared substantial distributions to unitholders and provided an optimistic outlook for FY2025, including plans for acquisitions and continued market growth.Read more

The Indian Hotels Company Limited (IHCL), part of the Tata Group, has seen a 25% year-on-year increase in its consolidated net profit for the fourth quarter of FY25, reaching INR 522 crore. This growth was attributed to strong demand, new hotel signings, and strong performance across its hospitality and catering businesses. Revenue for the quarter increased by 27%, amounting to INR 2,425 crore. For the entire fiscal year, IHCL's consolidated net profit surged 52%, with total income rising by 23%. Despite a sequential dip in the final quarter, analysts remain optimistic about the company's performance.Read more

India's housing finance sector is poised for a significant transformation as the National Housing Bank (NHB) anticipates Residential Mortgage-Backed Securities (RMBS) firms to raise between INR 10,000 crore and INR 12,000 crore in the upcoming fiscal year. This development follows the country's inaugural listing of RMBS on the National Stock Exchange, a move facilitated by the NHB-promoted RMBS Development Company Limited (RDCL). The successful issuance by LIC Housing Finance, amounting to INR 1,000 crore with a 20-year maturity and a 7.26% monthly coupon, has set a precedent for other housing finance companies.Read more

The Nagpur Municipal Corporation (NMC) is grappling with a significant financial shortfall, as property tax arrears have escalated to INR 938 crore by the end of the 2024-25 fiscal year. Despite collecting approximately INR 318 crore, the civic body faces a compliance gap, with over 67% of property owners defaulting. Zones like Ashi Nagar, Mangalwari, and Laxmi Nagar are the most affected, collectively accounting for nearly half of the total dues. In response, NMC has initiated an amnesty scheme offering an 80% waiver on penalties and is intensifying recovery efforts, including property seizures and legal actions.Read more