25 Jun 2025

A commercial land parcel in Gachibowli, Hyderabad fetched an impressive INR 2.2 lakh per square yard during a government auction held this past week, closing at a total value of INR 33 crore. A second plot in the same locality was snapped up for INR 11 crore, underlining the growing investor interest in this prime zone. The Telangana Housing Board's auction, which also included land parcels in Chintal, Nizampet, and other locations, amassed a total of INR 65 crore. The surge reflects Hyderabad's upward trajectory in high-value real estate, especially in commercial segments.Read more

25 Jun 2025

Suntech Infra Solutions, a B2B civil construction company, has rolled out its INR 44.39 crore initial public offering (IPO), marking a key step in its growth strategy. The IPO, which opened for public subscription earlier this week, includes both a fresh issue and an offer for sale, priced between INR 81 and INR 86 per share. The fresh capital will fund working capital needs, acquisition of construction equipment, and general corporate purposes. The shares are set to be listed on the NSE's SME platform, underlining the company's commitment to long-term infrastructure expansion.Read more

24 Jun 2025

Innov8, the co-working arm of OYO, has secured a fresh INR 1,000 crore valuation following a 3% equity stake sale to prominent investors, including the Raymond Family Office, which picked up nearly 2%. This follows a prior INR 110 crore fundraise earlier this year, where approximately 10% equity was sold to several high-profile family offices. Innov8, founded in 2015 by Ritesh Malik, currently operates 30 centres across 10 major cities and posted a sharp jump in profit after tax from INR 2.5 crore to INR 62 crore in FY24. The new capital will be used to expand operations to 100 centres by year-end.Read more

24 Jun 2025

Kalpataru Ltd has raised INR 708 crore from prominent anchor investors, including GIC and Bain Capital, just before launching its initial public offering (IPO). The IPO, entirely a fresh equity issue worth INR 1,590 crore, is priced between INR 387 and INR 414 per share, with over 1.71 crore shares already allocated at the upper end. The Mumbai-based developer, with a portfolio nearing 50 million sq ft, plans to use the funds to repay debt and support corporate initiatives. The company had reported robust sales of over INR 3,200 crore in FY 2023-24, driven by strong housing and commercial demand.Read more

24 Jun 2025

TRULiV, a fast-growing co-living and long-stay hospitality brand, has received equity funding from Bennett, Coleman & Co. Ltd. (BCCL), valuing the company at INR 356.5 crore. The investment will support TRULiV's expansion into new cities and hospitality formats like holiday homes, retirement communities, and eco-stays. Founded in 2019, TRULiV operates on an asset-light, built-to-suit model and aims to hit INR 200 crore in annual revenue within three years. Co-founders Rohit Reddy and Ranjeeth Rathod highlighted BCCL's strategic media support and consumer insights as vital to future growth.Read more

24 Jun 2025

The Gujarat government has announced a comprehensive INR 3,395 crore funding for civic development across eight municipal corporations, 22 municipalities, and four Urban Development Authorities. A large share INR 3,263 crore will go to infrastructure projects like roads, drainage, rainwater systems, and public amenities. The initiative aligns with the state's declaration of the current period as its "Urban Development Year", following a 40% hike in the urban budget to INR 30,325 crore. With tailored allocations for rapidly growing and newly formed municipal corporations, this move aims to fast-track Gujarat's urban transformation.Read more

24 Jun 2025

Institutional investments in Indian real estate dropped by 37% to USD 3.06 billion in the first half of 2025, largely due to global economic uncertainty and geopolitical instability, according to JLL. Foreign investors made up 68% of the total inflows, while domestic investors contributed 32%. Despite the dip, JLL highlighted the sector's resilience and noted continued investor participation via REITs, QIPs, and listed entities. The housing segment attracted the highest share at 38%. A pipeline of deals exceeding USD 1 billion indicates potential recovery in the coming months.Read more

23 Jun 2025

The Nashik Municipal Corporation (NMC) is set to auction properties of 73 major property tax defaulters next month, targeting those who ignored earlier confiscation notices. Each defaulter owes over INR1 lakh, and the crackdown follows warnings sent to 425 such cases. The city faces over INR250 crore in unpaid property taxes from more than 1.5 lakh defaulters. Earlier this fiscal year, NMC ran an amnesty scheme offering up to 90% penalty rebates, which over 60,000 defaulters used, resulting in INR30 crore in waived penalties. Property tax is crucial for city services, and auctions are being used as a last-resort recovery method.Read more

23 Jun 2025

Larsen & Toubro (L&T) has mobilised INR 500 crore through the issuance of non-convertible debentures (NCDs) tied to environmental, social and governance (ESG) benchmarks. The NCDs, valued at INR 1 lakh each and carrying an interest rate of 6.35%, will mature in 2028 and bear annual interest. The issuance is part of SEBI�s ESG Debt Securities Framework and is expected to be listed on the NSE. Meanwhile, L&T recorded a 25% increase in consolidated profit after tax for the March quarter, supported by higher operational revenues and an exceptional gain.Read more

20 Jun 2025

Kalpataru Ltd has set its IPO price band at INR 387-INR 414 a share, aiming to raise INR 1,590 crore through a pure fresh issue-meaning every rupee goes straight into the company. Bidding opens for three days, following an anchor investor round, and values the developer at roughly INR 8,500 crore at the top end. Funds will primarily pare debt and cover general corporate needs. The offer allots 75 % to QIBs, 15 % to NIIs, and 10 % to retail, with a minimum lot of 36 shares. ICICI Securities, JM Financial, and Nomura lead the issue, which will list on both BSE and NSE.Read more