15 Jul 2025

Residential property prices in micro-markets near operational and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have registered a substantial increase of 70-120% over the last four years, as reported by Square Yards. The real estate consultancy attributed this surge to improved connectivity and infrastructure in airport-adjacent corridors. Residential plots in these areas experienced even sharper hikes, reaching up to 118% growth, significantly outperforming city-wide averages. The findings underscore the growing influence of airports in shaping real estate appreciation across India.Read more

15 Jul 2025

India's tax administration has witnessed a dramatic overhaul over the past decade, driven by comprehensive digitization efforts that have transformed taxpayer services. Refunds issued by the Income Tax Department have jumped 474%, significantly outpacing the growth in tax collections. The average time taken to process refunds has also plunged by 81%, from 93 days to just 17. This shift is powered by faceless assessments, pre-filled forms, real-time TDS adjustments, and an expanding taxpayer base. The surge in refunds points to increasing voluntary compliance and rising formalization of the economy.Read more

15 Jul 2025

Delhi-NCR witnessed a substantial surge in luxury housing transactions, recording sales of 3,960 homes priced at INR 6 crore and above during the first half of 2025, marking a threefold increase compared to the same period last year. A CBRE-Assocham report highlighted a broader 85% year-on-year rise in high-end residential sales across India's top seven cities, with nearly 7,000 units sold. Mumbai and Delhi-NCR remained the frontrunners, with noteworthy contributions also from Bengaluru, Chennai, and Kolkata, despite minor dips in Hyderabad and Pune.Read more

15 Jul 2025

The Greater Mohali Area Development Authority (GMADA) has proposed to reduce enhancement charges by INR 800 per square yard for over 30,000 plot allottees in Mohali. This decision, awaiting state government approval, aims to provide financial relief. Currently at INR 2,645 per square yard, these charges are additional compensation to landowners, recovered from allottees. The proposed revision, contingent on comparison with Noida and Panchkula models, seeks to balance landowner compensation with allottee relief, addressing concerns about rising costs and administrative delays in the past.Read more

14 Jul 2025

Puravankara Ltd reported a sales booking of INR 1,124 crore for the April-June quarter of the current financial year, reflecting a modest increase from INR 1,064 crore during the corresponding period last year. This growth came despite a slight drop in sales volume to 1.25 million sq ft, as average price realisation rose sharply to INR 8,988 per sq ft. The firm continues to maintain a robust footprint across nine cities.Read more

14 Jul 2025

The Delhi Development Authority (DDA) has sanctioned a series of major reforms intended to reinvigorate Delhi's commercial real estate market. Amalgamation charges for commercial properties have been reduced from 10% to 1% of the circle rate, and the auction multiplier lowered from 2x to 1.5x. These decisions are designed to counterbalance the capital's long-standing regulatory cost disadvantage compared to neighbouring cities. Additionally, DDA approved land use changes in Narela to establish an educational and sports hub and announced a premium housing scheme for 2025 with 177 units across prime locations.Read more

14 Jul 2025

IIFL Home Finance has secured a USD 100 million, five-year loan from AIIB to expand lending for affordable and low-cost housing development, marking AIIB's first such partnership with the firm. The loan carries an 8.58% cost per annum, includes a 1.5-year moratorium, and promotes green building practices. Serving underserved regions across 18 states, IIFL Home Finance already manages INR 40,000 crore in assets, two-thirds of which are affordable housing loans. This marks a significant step toward meeting housing demand among EWS/LIG families while advancing eco-friendly infrastructure in line with India's climate ambitions.Read more

14 Jul 2025

INOX Clean Energy has filed draft papers with SEBI for an Initial Public Offering (IPO) to raise INR 6,000 crore, potentially becoming India's largest clean energy IPO. The company aims for a market capitalization of around INR 50,000 crore with over 10% equity dilution. Proceeds are set aside for new solar and IPP facilities. INOX Clean Energy operates 157 MW and has 400 MW under construction, with a 2.2 GW pipeline. The firm expects INR 6,500 crore capex, funded by debt and accruals, but requires additional equity for manufacturing units.Read more

14 Jul 2025

The Lucknow Development Authority (LDA) has transferred maintenance of four sectors in Gomtinagar Extension to the Lucknow Municipal Corporation (LMC), providing INR 40 crore for civic amenities. This investment targets drinking water and sewerage upgrades, including extending water pipelines and sewer lines, installing new tubewells, and repairing existing infrastructure. The move, initiated by the LDA vice-chairperson, aims to improve services for residents. The Jal Kal Department will execute the work, which also involves cleaning sewer lines and repairing manholes, signaling efforts to enhance urban infrastructure in Lucknow.Read more

14 Jul 2025

The central government has granted tax-saving status to IREDA Ltd.'s bonds under Section 54EC of the Income Tax Act, effective July 9, 2025. This allows investors to save capital gains tax up to INR 50 lakh on five-year redeemable bonds. The initiative aims to facilitate low-cost fundraising for renewable energy projects that can self-service debt. It strengthens India's renewable energy financing ecosystem, contributing to the nation's 500 GW non-fossil fuel capacity target by 2030.Read more