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

25 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) is set to raise between INR 2,500 crore and INR 3,000 crore through a Qualified Institutional Placement (QIP) this fiscal year. This fundraising initiative aims to significantly boost IREDA's lending capacity to INR 30,000 crore, enabling it to further support India's ambitious renewable energy projects. A recent policy change, designating IREDA's bonds as 'long-term specified assets' for capital gains tax exemption, is expected to reduce the company's cost of capital and enhance its market appeal, reinforcing its crucial role in the nation's green energy transition.Read more

24 Jul 2025

Executive Centre India has filed its draft red herring prospectus with SEBI, seeking to raise INR 2,600 crore through a fully fresh issue IPO with no offer-for-sale component. The Mumbai-based premium flexible workspace provider plans to utilise the capital to invest in its Abu Dhabi subsidiary and part-finance the acquisition of TEC SGP and TEC Dubai from promoter TEC Singapore. With a strong pan-Asia presence and significant financial growth in FY25, the company aims to further solidify its leadership in the premium co-working space segment.Read more

24 Jul 2025

Nisus Finance Services has committed an investment of INR 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd a joint venture between Kumar Properties and Vibe Realty. The capital will fund three real estate developments: two society redevelopment projects in Khar and Goregaon (Mumbai), and a large-scale premium housing project in NIBM, Pune. Together, these projects hold a topline revenue potential of over INR 1100 crore, with Pune's project alone expected to deliver over 750 residential units. This move strengthens RESO-I's focus on de-risked, cashflow-positive urban projects.Read more

24 Jul 2025

Mindspace Business Parks REIT has added an 8 lakh sq ft commercial asset, 'Q-City', in Hyderabad's Financial District to its portfolio for INR 512 crore. The acquisition, finalized through a 100% stake in Mack Soft Tech Pvt Ltd, marks the company's first large external buy. With this move, Mindspace's total portfolio grows to 37.9 million sq ft, reinforcing its footprint in India's fastest-growing Global Capability Center hub. The asset was acquired at an 11.6% discount and reflects a 9.9% capitalization rate, signaling strategic capital deployment.Read more

24 Jul 2025

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.Read more

24 Jul 2025

Adani Ports & SEZ Ltd, along with Super Handlers and Empezar Logistics, have submitted proposals to develop a substantial 174-acre multimodal logistics park in Sector Kappa-2, Greater Noida. This ambitious project, launched under a GNIDA scheme earlier this year, mandates a minimum investment of INR 1,200 crore and aims to generate over 5,000 jobs. Strategically positioned near the upcoming Noida International Airport and key freight corridors, the park will feature advanced cargo handling facilities, integrating road, rail, and air networks. This initiative is pivotal for boosting Uttar Pradesh's logistics infrastructure and transforming Greater Noida into a unified cargo hub.Read more

24 Jul 2025

The Greater Noida Industrial Development Authority (GNIDA) is facing substantial financial challenges, striving to recover over INR 4,081 crore in outstanding dues from 21 major real estate projects. Efforts to collect these significant amounts are hampered by ongoing legal battles across various courts, including the National Company Law Tribunal (NCLT) and the Supreme Court. Major defaulters identified include Supertech Ltd and Unitech Ltd, whose projects are under judicial supervision.Read more

24 Jul 2025

Oberoi Realty Ltd, a leading Mumbai-based real estate developer, reported a 28 percent decline in its consolidated net profit for the June quarter, settling at INR 421.25 crore, primarily due to reduced income. The company's total income for the first quarter of the current fiscal year fell to INR 1,073.98 crore. Despite this profit reduction, Oberoi Realty achieved robust property sales of INR 1,639 crore during the April-June quarter and declared an interim dividend of INR 2 per equity share, equivalent to 20 percent of the face value, for the fiscal year 2025-26.Read more

24 Jul 2025

Urban local bodies across Uttar Pradesh have initiated a significant house tax recovery drive from July 15 to July 31 that aims to collect pending dues from over 55 lakh properties in 17 major cities. This intensive campaign targets an ambitious revenue of INR 1,862 crore, building on a robust 21% growth in consolidated revenue to INR 5,568 crore in the 2024-25 financial year. The initiative, crucial for funding civic services and urban development, also addresses property owners' grievances stemming from recent GIS-based tax revisions.Read more