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

29 Jun 2025

Narayana Hrudayalaya has acquired over 46,000 sq. ft. of land in Hulimavu, Bannerghatta Road, Bengaluru, for INR 246 crore through three deals-the largest involving 93,500 sq. ft. from Kelachandra Veneer Industries. While development plans remain undisclosed, the purchase aligns with the hospital chain's expansion strategy in south Bengaluru. Founded by Dr. Devi Shetty, the company operates 18 hospitals across India and has been strengthening its presence in the city's growing healthcare corridor. The acquisition follows a prior land deal in Begur Hobli worth INR 169 crore. The area's rising real estate value and improved infrastructure make it a hotspot for institutional investments.Read more

28 Jun 2025

Private equity investments in Indian real estate touched USD 1.73 billion by mid-June this year, sharply down from USD 2.96 billion during the same period last year, signalling increased caution among global investors. Knight Frank India has attributed this slowdown to shifting global capital flows influenced by high interest rates, liquidity tightening, and growing scrutiny over post-tax returns. Western capital has notably pulled back due to the rupee's depreciation, a narrowing India-US yield spread, and India's 12.5% long-term capital gains tax. Interestingly, domestic investors have ramped up their activity, becoming a critical funding source for the sector.Read more

28 Jun 2025

Aseem Infrastructure Finance Ltd. (AIFL), an RBI-registered Infrastructure Finance Company backed by the Government of India through NIIF, has secured its first USD 80 million External Commercial Borrowing (ECB) and green loan from DBS Bank Ltd. Structured and arranged solely by DBS through its GIFT City branch, the funds will accelerate the financing of renewable energy projects across India. The transaction also marks DBS's role as the sole sustainability coordinator, reinforcing its leadership in responsible banking. India's clean energy ambitions, including the 2030 target of 500 GW non-fossil capacity, continue to attract strategic green financing.Read more

27 Jun 2025

Bank of India has announced plans to raise INR 20,000 crore during the ongoing financial year through long-term infrastructure bonds, marking a strategic move to support infrastructure financing. The bank's board approved this initiative, aligning with a broader trend among major banks, including SBI, to prioritise infra bonds over traditional AT-1 and Tier-2 instruments. These bonds offer regulatory exemptions from CRR and SLR, making them an attractive financing tool. Their full deployability for lending adds to their appeal in the current economic climate.Read more

27 Jun 2025

Fintech major Pine Labs, backed by Peak XV Partners and Temasek, has filed its draft red herring prospectus with SEBI to launch its much-anticipated IPO. The offering includes a fresh equity issue worth INR 2,600 crore and an offer for sale exceeding 14.78 crore shares by existing investors, including PayPal, Mastercard, and Actis. The company intends to use part of the proceeds to repay debt and invest in IT infrastructure, digital expansion, and subsidiaries abroad. A potential INR 520 crore pre-IPO placement may reduce the fresh issue size.Read more

27 Jun 2025

Ranchi Municipal Corporation is facing a significant revenue shortfall, with over 70,000 property owners defaulting on holding tax payments, resulting in a gap of around INR 20 crore. Despite setting a target of INR 83 crore for the previous financial year, only about INR 80.64 crore was recovered. To address the deficit, the civic body is intensifying enforcement efforts, including water and waste service disconnections, reassessment of vacant plots, and identification of misused properties. A 10% rebate is also being offered for timely payments made in the current quarter, alongside digital and doorstep payment services to encourage compliance.Read more

27 Jun 2025

Arbour Investments has entered South India with a INR 105 crore investment in ELV Projects' Highgarden and Kingsland developments in Whitefield, Bengaluru. The projects span 11.74 lakh sq. ft. with 596 units, slated for completion by late 2026. Whitefield's strong infrastructure and soaring property values make it a strategic growth hub. Arbour's first INR 20 crore tranche reflects trust in ELV's execution capabilities. The alliance underscores Arbour's focus on transparency and performance-driven developers. ELV's Chairman E. Bhaskar sees this as a benchmark-setting moment in mid-premium housing. Arbour, managing over INR 600 crore, continues scaling its Capital-to-Consumer real estate model across emerging urban markets.Read more

27 Jun 2025

The Maharashtra cabinet has approved INR 20,000 crore to resume land acquisition for the 800-km Shaktipeeth Expressway, which will link Pavnar in Wardha to Patradevi at the Goa border. Funded through a HUDCO-backed loan, the project aims to cut Nagpur-Goa travel time from 20 to 8-10 hours and will connect 18 pilgrimage and heritage sites. Estimated to cost INR 84,000-86,000 crore, the project faces renewed farmer protests over compensation and displacement. Land measurement is to conclude by August, with acquisition targeted for December. Modeled on the Samruddhi Mahamarg, it's part of MSRDC's larger push to fast-track key infrastructure corridors statewide.Read more

27 Jun 2025

Ashok Leyland, the flagship brand of the Hinduja Group and one of India's top commercial vehicle manufacturers, has announced plans to add over 50 new touchpoints in Delhi and North India this year. This move is part of the company's strategy to deepen its regional footprint and tap into rising demand driven by economic expansion and infrastructure growth. Already operating nearly 300 channel outlets in the region, Ashok Leyland has also achieved a market share gain of 6.5% over the past three years in the Medium and Heavy Commercial Vehicle (M&HCV) segment.Read more