21 Mar 2025

India continued to strengthen its position in the Asia Pacific real estate market in the second half of 2024, recording an 88% annual increase in investments, totaling USD 3 billion, according to Colliers. The office sector led with a 47% share, followed by industrial and logistics at 27%. Mumbai attracted nearly half of these inflows due to strong demand for office assets. Institutional investments in India reached USD 6.5 billion in 2024, with further growth expected in 2025, supported by monetary easing and economic stability. Overall, India remains a key destination for domestic and international real estate investors.Read more

21 Mar 2025

State-owned Canara Bank has successfully raised INR 4,000 crore by issuing tier-II bonds with a maturity of 10 years. The bonds carry an annual coupon rate of 7.46% and come with a call option after five years. This issuance followed Punjab National Bank's move in the past month, where it had raised INR 3,000 crore via tier-II bonds maturing in 15 years at a coupon rate of 7.43%. The issue from Canara Bank had an initial base size of INR 1,000 crore, along with a greenshoe option of INR 3,000 crore.Read more

21 Mar 2025

IndusInd Bank recently raised INR 11,000 crore by issuing certificates of deposit (CDs), as part of efforts to strengthen its funding position following an INR 2,000 crore accounting discrepancy in its derivatives portfolio. The Reserve Bank of India (RBI) had indicated over the past weekend that the private lender maintained sufficient capital despite potential impacts on its net worth. The bank's borrowing costs have risen by 15 basis points (bps) within a week, amid fears of a credit rating downgrade.Read more

21 Mar 2025

US-based Brookfield Corp recently offloaded a 5.13% stake in Brookfield India Real Estate Trust (BIRET), raising INR 883 crore through open market transactions. The divestment was carried out by its affiliates, BSREP India Office Holdings Pte and BSREP India Office Holdings IV Pte, part of BIRET's sponsor group. Post-sale, Brookfield's stake has reduced to over 26%, though it continues to be the largest unitholder in the Mumbai-based REIT. Simultaneously, 360 ONE Portfolio Managers and 360 ONE Prime collectively acquired a 1.94% stake, amounting to 1.18 crore units, for INR 333.94 crore.Read more

21 Mar 2025

Kalaburagi district in Karnataka has recorded a historic INR 23 crore in property tax collections from gram panchayats in FY 2024-25, more than doubling its previous high of INR 11 crore. This increase is attributed to systematic assessments, digitization through Panchatantra-2, stricter enforcement, and targeted collection drives under Rural Development Minister Priyank Kharge. Major industrial units, including Rajshree Cement and Ultratech Cement, contributed significantly after reassessments. This achievement aligns with similar efforts in Bengaluru and Hyderabad, where improved tax administration and digital tools have boosted municipal revenues, highlighting the importance of efficient local governance in enhancing fiscal performance.Read more

20 Mar 2025

The Adani Group has announced a capital expenditure of INR 1.1 lakh crore for the financial year 2025-26, higher than this financial year's INR 92,000 crore allocation. The focus remains on core sectors such as energy and infrastructure. Senior officials indicated that INR 60,000 crore of this expenditure will be financed through internal cash generation, while the remaining amount is expected to be raised via equity and debt. The group has reduced the average financing cost of its long-term borrowings, resulting in significant savings. It also continues to raise funds through share sales and plans major investments through its subsidiaries.Read more

20 Mar 2025

The Bruhat Bengaluru Mahanagara Palike (BBMP) has stepped up efforts to recover pending property taxes as the current financial year draws to a close. The special commissioner for revenue, Munish Moudgil, has instructed zonal officers to prioritize collections from major defaulters across Bengaluru. With INR 4,604 crore collected so far, the civic body has achieved 88.4% of its INR 5,210 crore target for 2024-25. Property owners now face strict penalties, including a 100% penalty and interest of up to 15%, if dues remain unpaid past the end of this month. The BBMP is also initiating enforcement measures such as property seizures.Read more

20 Mar 2025

The Indore Stamp and Registrar Department, a key contributor to Madhya Pradesh's revenue through property registrations, has proposed a substantial average increase of 25.95% in the collector's guideline rates for the upcoming financial year. This revision is expected to boost the department's revenue from INR 2,600 crore, as projected by the end of the current financial year, to over INR 3,200 crore in 2025-26. A District Valuation Committee meeting, led by senior district officials, approved the rate hike, with some areas witnessing unprecedented increases of up to 273%, particularly in developing zones such as the Super Corridor in Bihadiya village. Agricultural land rates along major corridors are also set for steep hikes.Read more

20 Mar 2025

The Andhra Pradesh Capital Region Development Authority (APCRDA) has secured a INR 11,000 crore loan from the Housing and Urban Development Corporation (HUDCO) to accelerate the development of Amaravati, the state's greenfield capital city. The agreement, signed on March 16, 2025, at Chief Minister Shri Chandrababu Naidu's residence, aims to fund essential infrastructure, administrative buildings, and public amenities. This loan follows earlier commitments of INR 15,000 crore from global institutions like the World Bank and ADB. The partnership between APCRDA and HUDCO underscores a significant public-sector collaboration to transform Amaravati into a modern, sustainable capital.Read more

20 Mar 2025

A recent analysis by Anarock highlights a shift in India's real estate market, with Pune, Kolkata, and Chennai witnessing rental values rising faster than property prices, unlike Bengaluru, MMR, NCR, and Hyderabad, where capital appreciation outpaced rental growth. For example, Pune's Hinjewadi saw rentals rise 57% against a 37% increase in capital values, while Kolkata's EM Bypass rentals grew 51%, compared to a 19% rise in prices. In Chennai, Pallavaram rentals surged 44%, outpacing property price growth. This trend suggests that investors should tailor strategies, focusing on capital gains in certain cities and rental yields in others.Read more