10 Jun 2025

The Indian electric vehicle (EV) sector is set to catalyse massive real estate demand and investment, according to a recent report by Savills India. Projecting a requirement of nearly 6,900 acres and USD 9 billion in investments by 2030, the report highlights the critical need for facilities related to EV manufacturing, lithium-ion battery production, and public charging stations. Supported by strong government policies and rising environmental and fuel cost concerns, the EV market is accelerating rapidly. This surge is anticipated to significantly boost demand for industrial, warehousing, and logistics real estate, underlining a transformative impact on the real estate landscape aligned with India's EV adoption targets.Read more

09 Jun 2025

The Ranchi Municipal Corporation (RMC) has urged residents to clear their holding tax dues by the end of this month to benefit from a rebate of up to 10%. The civic body has rolled out this incentive as part of its annual tax recovery campaign to ensure timely compliance and boost municipal revenues. The rebate is applicable only if the full amount is paid in a single transaction, with partial or instalment payments excluded. RMC has activated both online and offline billing modes to facilitate ease of payment for property owners across the city.Read more

09 Jun 2025

Adani Airports Holdings Limited secured USD 750 million in external commercial borrowings from an international banking consortium led by First Abu Dhabi Bank, Barclays and Standard Chartered. The proceeds will refinance debt and fund infrastructure upgrades and capacity expansion at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Last fiscal year, AAHL handled 9.4 crore passengers against an 11 crore capacity. The funds aim to strengthen non-aeronautical revenues through retail, F&B and duty-free offerings across its network.Read more

09 Jun 2025

Mumbai's property market recorded 11,565 housing registrations last week, generating INR 1,062 crore in revenue for the Maharashtra government. This marks a 17.7% year-on-year increase, compared to 9,823 registrations during the same period last year, as per government data. It is also the second-highest May figure in 12 years, after May 2022's spike due to pandemic-era stamp duty concessions. Knight Frank India reported that 80% of these registrations were for residential properties, with Mumbai's western suburbs accounting for 60% of the activity. Despite no new government incentives, stamp duty revenue rose 7% from last year's INR 992 crore. The steady rise in registrations highlights strong buyer confidence and sustained demand in the city's property market. The data indicates a positive trend for Mumbai real estate, driven by long-term investment sentiment.Read more

06 Jun 2025

Bengaluru's civic body has recorded a milestone INR 2,424.93 crore in property tax collections in the first two months of the fiscal year, driven by the newly introduced waste management user fee (expected to add INR 700 crore) and a 5% early payment rebate. By April-end, collections had reached INR 1,200 crore, with May surpassing that figure. Mahadevapura led zone-wise collections at INR 598.51 crore, followed by East Zone (INR 455.06 crore) and South Zone (INR 391.96 crore). The city aims to achieve a total INR 5,100 crore this year, including INR 836.34 crore in arrears from 375,000 defaulters and INR 152.80 crore in revised tax on 9,904 properties. This strong start highlights Bengaluru's improved revenue mobilisation, supporting the city's evolving infrastructure and service delivery needs.Read more

06 Jun 2025

The Chandigarh Municipal Corporation (MC) witnessed an unprecedented rise in property tax collection during the recent two-month rebate period, amassing INR 60 crore-marking the highest-ever amount collected under the rebate scheme. This notable growth from the INR 39 crore collected during the same period last year was attributed to the civic body's decision to double property tax rates from April 2025 onwards. Over 65,000 property owners responded proactively, taking advantage of the rebate window. The majority were residential taxpayers, although commercial properties contributed a greater share due to higher tax slabs. The successful outcome was driven by streamlined payment facilities and effective communication by the MC staff.Read more

06 Jun 2025

India's real estate growth is shifting beyond metros, according to BHARAT 2030: The Silent Surge of Tier-II and Tier-III Cities, a report by CII's Ashwinder R. Singh. Cities like Raipur, Belagavi, Salem, Udaipur, Aurangabad, and Ayodhya are emerging as key growth hubs. Driven by rising aspirations, better connectivity, and reverse migration, these regions are becoming vibrant economic centres. Infrastructure-expressways, airports, and metro networks-is now preceding real estate growth. Sectors like EV manufacturing, warehousing, and health-tech are spurring demand for housing. The report urges developers to invest early in affordable housing, plotted developments, and townships. It highlights opportunities for investors beyond traditional markets, supported by local government incentives. This shift promises a more balanced, inclusive urbanisation, with smaller cities poised to shape India's INR 10 lakh crore real estate economy by 2030.Read more

06 Jun 2025

Reliance Infrastructure has fully settled its dues amounting to INR 92.68 crore with Dhursar Solar Power Pvt Ltd towards tariff claims, effectively nullifying the initiation of insolvency proceedings filed against it. The payment was made in line with the Energy Purchase Agreement terms. The National Company Law Tribunal (NCLT) had earlier admitted an insolvency petition filed by IDBI Trusteeship Services Ltd, acting on behalf of Dhursar Solar, due to outstanding dues. Reliance Infra has now announced plans to approach the National Company Law Appellate Tribunal (NCLAT) to withdraw the insolvency order, asserting its redundancy following the settlement.Read more

05 Jun 2025

Embassy Developments Ltd (EDL), post-merger with NAM Estates, reported its first full-year results, posting INR 203 crore PAT and INR 531 crore EBITDA for FY25. The firm recorded INR 2,000 crore in pre-sales, collections, and revenue, with Q4 revenues surging 100% YoY to INR 1,183 crore. EDL now targets INR 5,000 crore pre-sales (+150%), INR 2,200 crore collections, and 10 project launches (GDV INR 22,000 crore) in FY26. FY25 saw 2.2 million sq. ft. in bookings and six acquisitions worth INR 9,200 crore GDV. Strategic moves include a proposed 3.3 million sq. ft. commercial sale to Embassy REIT and a INR 1,125 crore deal with a semiconductor firm in Whitefield. Led by Jitendra and Aditya Virwani, EDL plans to scale across Bengaluru, MMR, NCR, and Chennai, positioning itself as a pan-India real estate leader.Read more

05 Jun 2025

Shapoorji Pallonji Group has completed India's largest private credit financing deal, raising USD 3.4 billion through a three-year zero-coupon bond offering a 19.75% yield. Deutsche Bank led the transaction as sole arranger, investing USD 900 million, with additional participation from global firms like Ares Management, Cerberus Capital, Davidson Kempner, and Farallon Capital, alongside Indian investors ASK Wealth Advisors and EAAA India Alternatives. The funds will primarily refinance existing debt and fuel new investments in real estate and infrastructure. The deal follows the group's strategic consolidation of its property assets under Shapoorji Pallonji Real Estate, now valued at USD 6 billion. The move strengthens the group's financial footing and positions it for agile growth amid India's dynamic real estate sector.Read more