28 Jul 2025

Bajaj Housing Finance recorded a 21% year-on-year increase in net profit, reaching INR 583 crore during the first quarter of FY26, supported by healthy loan demand and strong operational performance. Its total income rose 18% to INR 2,618 crore, and the loan book expanded nearly 24% to INR 1.20 lakh crore. Despite solid fundamentals, the company marginally revised its full-year loan book growth estimate downward, citing intensified competition and softer demand in the property market. Asset quality and liquidity buffers remained stable, and capital adequacy continued to stay well above regulatory norms.Read more

28 Jul 2025

TDI Infrastructure Ltd has cleared its entire debt of INR 2,000 crore, marking a major financial milestone in its corporate journey. The company, without resorting to any restructuring or waivers, is now fully debt-free and is shifting focus towards township and commercial property development. It is preparing to reintroduce its flagship project, TDI City in Kundli, and is planning a fresh foray into Ludhiana's real estate market. With a solid delivery track record across 2,500+ acres, TDI is now realigning for growth.Read more

27 Jul 2025

Ashiana Housing Ltd has reported an 83% surge in Q1 FY2025 sales bookings, reaching INR 430.97 crore, up from INR 235.32 crore in the same period last year. The company sold 5.95 lakh sq ft of residential space during April-June, compared to 4.42 lakh sq ft in Q1 FY2024. Known for its group housing projects and leadership in senior living developments, Ashiana continues to benefit from strong market demand and buyer confidence. This robust performance follows FY2024-25's total sales of INR 1,936.75 crore, highlighting sustained momentum for the Delhi-based developer and reflecting broader optimism in India's residential real estate market.Read more

27 Jul 2025

Uttar Pradesh recently raised its stamp duty waiver for properties registered in women's names from INR 10 lakh to INR 1 crore, increasing the maximum discount from INR 10,000 to INR 1 lakh. This change is expected to make middle-class women more financially independent and enhance their status in society. It also aligns with earlier national-level proposals to support women's property rights. Alongside this, the state cleared several other initiatives, including allocating land for an IR-detector research centre creating new jobs and boosting defence tech.Read more

26 Jul 2025

IndiaMART InterMESH announced a robust financial performance for the first quarter of fiscal year 2025-26, with its standalone net profit surging by 35 percent year-on-year to INR 154 crore. This positive result, coupled with a 12 percent growth in consolidated revenue from operations, is likely to keep IndiaMART shares in focus. The company also demonstrated healthy increases in customer collections and deferred revenue, driven by operational efficiencies including GenAI integration.Read more

25 Jul 2025

Sri Lotus Developers, a luxury real estate firm led by Anand Kamalnayan Pandit, has announced its INR 792 crore Initial Public Offering with a price band set at INR 140 to INR 150 per share. The IPO, set to open for subscription in the coming week, is a 100% fresh issue, with proceeds aimed at funding ongoing premium residential and commercial projects in Mumbai's western suburbs. The offering has attracted prior backing from prominent investors, including Bollywood celebrities and investor Ashish Kacholia, who collectively invested over INR 407 crore in a private placement round late last year.Read more

25 Jul 2025

Shares of Reliance Power and Reliance Infrastructure each plummeted 5%, hitting their respective lower circuit limits on the BSE, after the Enforcement Directorate (ED) launched large-scale raids in connection with a INR 3,000 crore bank loan fraud involving companies linked to Anil Ambani. The ED is investigating suspected money laundering and loan diversion tied to loans disbursed by Yes Bank between 2017 and 2019. While both firms emphasized that these developments bear no impact on their operations or governance, investor concerns triggered a sharp market reaction.Read more

25 Jul 2025

Aditya Birla Real Estate Ltd (ABREL) reported a consolidated net loss of INR 27.08 crore in Q1 FY2025-26, reversing its INR 17.35 crore profit from the same period last year. The company's total income also fell to INR 157.41 crore from INR 365.24 crore year-on-year. Losses from continued operations stood at INR 47.30 crore, partially offset by a INR 20.22 crore profit from discontinued operations. Formerly Century Textiles & Industries Ltd, ABREL recently exited its pulp and paper business to concentrate solely on real estate. The results reflect the company's transitional phase as it streamlines operations and repositions itself within India's property development market.Read more

25 Jul 2025

Bengaluru's rollout of the digital e-khata system has brought hidden property tax liabilities into light. Around half a million properties were found to be underreported either by misclassifying commercial space as residential or understating built-up area leading to nearly INR 500 crore in recoveries. With over 5.5 lakh final e-khatas issued and draft versions for millions more, BBMP is sending notices and expects to recoup substantial sums yet to be assessed. This initiative builds on previous audits and is rapidly transforming tax transparency in the city.Read more

25 Jul 2025

PNB Housing Finance recorded a 23% rise in its net profit for the first quarter of FY26, driven by steady growth in loan disbursements, improved margins, and better asset quality. Profit rose to INR 534 crore, while total income crossed INR 2,080 crore. Retail-focused lending and higher disbursals in affordable and emerging segments contributed significantly. The company also improved its asset quality and strengthened its capital position, with assets under management growing 13% year-on-year.Read more