07 Jul 2025

Global Capability Centres (GCCs) were the biggest contributors to India's office leasing in the past financial year, accounting for 42% of total leasing activity up from 41% previously. They occupied 31.8 million sq ft of office space, recording a 24% year-on-year growth. While the number of deals dipped slightly, the average deal size increased considerably, with large-sized transactions rising 44%. Nearly 43% of this demand came from Fortune 500 companies. The leasing momentum was strongest in Bengaluru, followed by Mumbai, NCR, Pune, and Hyderabad, with sectoral growth led by IT, BFSI, and life sciences.Read more

07 Jul 2025

India's real estate sector witnessed extraordinary growth last week, with capital mobilisation jumping more than threefold in FY25, climbing from INR 109,554 million to INR 328,526 million, driven by 17 major transactions. Large-cap firms topped the charts in fundraising, followed by REITs, mid-caps, and small-caps. Notably, REITs generated around 17.9% returns, outperforming both the Sensex and realty equities. Over the longer term since 2021, smaller real estate players have outshone their bigger counterparts and benchmark indices a testament to rising investor confidence across segments.Read more

07 Jul 2025

The Lucknow Development Authority (LDA) has opened its e-auction platform for over 300 residential and commercial plots across prime locations such as Gomtinagar, Basant Kunj, and Rae Bareli Road. The bidding process allows a month-long registration window, with live auctions scheduled shortly. This follows LDA's earlier efforts to dispose of unsold commercial inventories and recover significant outstanding dues from defaulters. The auction is part of a larger urban development push, with LDA adopting innovative revenue recovery and land monetisation strategies that have already shown strong results in previous property auctions conducted this year.Read more

06 Jul 2025

As Lucknow gears up for a significant revision in DM circle rates the first in nearly a decade the Lucknow Development Authority (LDA) has opted to maintain existing property prices for its flats and plots. This move ensures that upcoming schemes such as Anant Nagar and ongoing allotments under the first-come-first-served policy remain unaffected by the hike. With circle rates rising by 15-25% in several localities, LDA's decision provides immediate relief to homebuyers, shielding them from increased registration costs and making government housing a more attractive option amid surging land values.Read more

05 Jul 2025

Major civic bodies in Maharashtra and Jharkhand reported varied yet positive property tax collections in Q1 FY26. Nagpur's NMC collected INR 88.85 crore, a 20% increase, reaching nearly 23% of its taxpayers. On the other hand Ranchi's RMC achieved its highest-ever Q1 collection at INR 39.33 crore, a 19.4% rise, surpassing its Q1 target. Another civic body to set a benchmark is Pimpri Chinchwad's (PCMC) that collected INR 522 crore, over 50% of last year's total. These cities employed diverse strategies, including rebates, extensive online options, door-to-door drives, and data analytics, as municipalities nationwide prioritize revenue generation for urban services and infrastructure.Read more

05 Jul 2025

Punjab registered a 44.44% growth in net Goods and Services Tax (GST) collections in June 2025, reaching INR 2,379.90 crore, as stated by Finance Minister Harpal Singh Cheema. This places Punjab above the national average in growth. The state's net GST collection for Q1 FY26 reached INR 6,830.40 crore, achieved despite ongoing military conflict. Cheema also highlighted increased field enforcement, leading to the uncovering of two major GST fraud cases involving over INR 180 crore in tax evasion. The report also detailed the state's efforts to manage legacy debt amidst rising fiscal obligations.Read more

05 Jul 2025

Crisil Ratings predicts Indian housing prices will rise by an average of 4-6% in the medium term, with residential sales volumes growing 5-7% this fiscal year and the next. This comes after double-digit growth in the past two financial years. Despite demand stabilizing, supply is expected to outpace it, causing inventory levels to increase. However, strong collections and healthy balance sheets are set to maintain developers' credit profiles. The rebound is driven by improving affordability due to lower interest rates and price growth normalization.Read more

05 Jul 2025

The Lucknow Development Authority (LDA) has served a final notice to nearly 100 defaulters who have failed to clear outstanding dues totalling around INR 100 crore some pending for over 27 years. These include allottees of flats and plots across prominent schemes like Gomtinagar Extension, Kanpur Road, Sitapur Road and Kursi Road. Many of these are under affordable housing categories. The authority has warned that properties will be cancelled and registration amounts forfeited if payments are not cleared immediately. This move follows earlier efforts to auction nearly 5,000 unsold commercial properties and identify top defaulters with dues exceeding INR 460 crore.Read more

04 Jul 2025

Brigade Hotel Ventures Ltd, the hospitality arm of Bengaluru-based Brigade Enterprises, has raised INR 126 crore in a pre-IPO funding round from 360 ONE Alternates Asset Management. This investment, made at INR 90 per share, gives 360 ONE a 4.74% stake ahead of the company's planned INR 900 crore initial public offering. The proceeds will primarily go towards debt reduction and land acquisition, while also supporting the firm's inorganic expansion strategy. With a robust portfolio of 1,604 rooms spread across major South Indian cities and GIFT City, the company is seen as a significant player in the hospitality space.Read more

04 Jul 2025

TVS Industrial & Logistics Parks (TVS ILP) has raised over INR 1,300 crore through a private placement of its warehousing assets-led Infrastructure Investment Trust (InvIT). The InvIT will list on the National Stock Exchange on July 8. TVS ILP has built a platform of 20 million sq ft, transferring 11 million sq ft valued at INR 3,000 crore into the InvIT. The portfolio spans major cities like Chennai, Pune, and Kolkata. This fundraising comes amidst a regulatory push to streamline privately-placed InvITs into public offerings, supporting India's growing warehousing sector.Read more