01 Jul 2025

Infra.Market has secured an additional $50 million from MARS Growth Capital, extending their existing $100 million deal by five years and raising MARS's total commitment to $150 million. Earlier this year, the Mumbai-based building materials platform also raised $125 million in a Series D round from global investors. Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market offers over 15 product categories, including concrete, steel, plywood, modular kitchens, and appliances, serving both institutional clients and retail outlets. The new funding will help fuel its expansion plans as it aims to become a leading construction materials brand from India, reflecting strong investor confidence.Read more

01 Jul 2025

Embassy Office Parks REIT has raised INR 1,550 crore through a mix of non-convertible debentures and term loans to refinance its existing liabilities. The fresh capital is expected to reduce annual interest costs by around 113 basis points. The funding includes INR 750 crore via debentures at a 6.97% coupon and INR 800 crore through a 15-year bank loan at a floating rate of 7.40%. This move aligns with the company's long-term strategy to strengthen its balance sheet and support future expansion across its office parks portfolio in major Indian cities.Read more

01 Jul 2025

Pine Labs, a digital commerce and payments company backed by Temasek, has filed draft papers with SEBI for its planned IPO. It intends to raise INR 2,600 crore via fresh equity, while existing investors will sell over 14.78 crore shares through an offer for sale. The funds will go toward debt repayment, upgrading IT and cloud infrastructure, technology development, expanding digital checkout services, and strengthening subsidiaries in Singapore, Malaysia, and the UAE. For 2024, Pine Labs processed INR 7,53,105 crore in gross transaction value across 3.97 billion transactions, reported INR 1,208 crore revenue, and a INR 26.14 crore profit. It serves 9.15 lakh merchants, 666 brands, and 164 financial institutions.Read more

01 Jul 2025

The Indian government plans to ease rules for finance companies in GIFT City, its International Financial Services Centre, to boost financial activity and global appeal. The Ministry of Corporate Affairs has proposed extending regulatory exemptions under Section 186 of the Companies Act, 2013-currently given to RBI-registered NBFCs-to firms registered with the International Financial Services Centres Authority (IFSCA). Section 186 governs limits on inter-corporate loans, guarantees, and investments. This change would make it easier for GIFT City firms to borrow and lend across companies. Public feedback is open until mid-July. The move aims to strengthen GIFT City's competitiveness as a global financial hub.Read more

30 Jun 2025

The Gujarat government has fixed the annual house tax at INR 200 for all rural homes built under PMAY-Gramin and similar housing assistance schemes. This tax rate, which will remain unchanged for the next four years, aims to protect economically weaker households from arbitrary increases by local Gram Panchayats. The policy was formally notified by the Panchayat, Rural Housing, and Rural Development Department and is part of Chief Minister Bhupendra Patel's broader push for structured rural governance and affordability. Officials plan to reassess the tax structure after the four-year period, based on its ground-level impact.Read more

30 Jun 2025

JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received approval from SEBI to begin brokerage operations in India. This marks the third and final regulatory green light for the Jio BlackRock joint venture, following earlier approvals granted to its asset management and investment advisory arms. Formed as a 50:50 partnership between Jio Financial Services and BlackRock Inc., the venture aims to deliver a full spectrum of investment solutions to Indian investors by blending global expertise with local digital scalability. The broking arm is positioned to serve both retail and self-directed investors.Read more

30 Jun 2025

IIFL Home Finance teamed up with RG Group in Greater Noida West to host a property registration drive that saw over 100 homes registered in a single day. More than 50 buyers also secured home loans from IIFL on the spot, speeding up the process of moving into new homes. The event brought together government officials, legal support, and financing under one roof, making the experience hassle-free for buyers. Leaders from IIFL and RG Group noted the strong demand for quality housing in Delhi NCR and stressed the importance of partnerships that make home ownership easier, faster, and more transparent.Read more

30 Jun 2025

In a big push towards digitisation, Navi Mumbai's civic body has rolled out new initiatives that helped collect INR 212 crore in property tax in just three months. Under Dr. Kailash Shinde's leadership, the campaign used digital payment methods, a WhatsApp chatbot, and a revamped online portal to make payments easier. A unique touch: 200 women from self-help groups were trained to deliver bills and update records, boosting local employment. Over half the bills reached homes in just 30 days, encouraging early payments with a 10% discount. With SMS alerts, widespread publicity, and multiple payment options, NMMC is making tax payments simpler and more transparent.Read more

30 Jun 2025

Rane (Madras) Ltd finalised the sale of a 3.48-acre plot in Velachery, Chennai, to Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing for INR 361 crore. The strategic monetisation, facilitated by CBRE, is part of Rane's broader plan to reduce debt and streamline its city office operations. The remaining 1.02 acres of the 4.5-acre site will be retained by Rane (Madras) for setting up a new office.Read more

30 Jun 2025

Maharashtra's top property markets, Mumbai, Thane, Navi Mumbai, and Pune, saw steep declines in home sales and new launches in Q2 2025, marking a sharp market correction. Mumbai and Thane both reported a 34% drop in sales, with new supply falling by over 50%. Pune sales fell 27%, while Navi Mumbai dipped 17%. In contrast, Delhi NCR and Chennai showed growth. Analysts attribute Maharashtra's slump to past price surges, economic caution, and buyer wait-and-watch sentiment ahead of the festive season. Despite the dip, developers remain upbeat, viewing the slowdown as a step toward sustainable growth, price stability, and improved market health.Read more