20 Jan 2026

Bollywood filmmaker and producer Karan Johar purchased an apartment in the Pali Vintage building in Khar West, Mumbai, for INR 8.05 crore. The 1,060.13 sq ft carpet-area apartment includes two dedicated car parking spaces. Stamp duty for the deal amounted to INR 48 lakh, with registration charges of INR 30,000. Khar West is a highly sought-after residential neighbourhood, offering good connectivity, upscale amenities, and proximity to business hubs like Bandra Kurla Complex. This purchase highlights the continued interest of high-net-worth individuals in Mumbai's luxury real estate market.Read more

20 Jan 2026

Real estate developer Sobha Ltd reported a 29 per cent year-on-year decline in its consolidated net profit for the third quarter of FY26, impacted by a fall in income during the period. The company posted a net profit of INR 15.42 crore for the October-December quarter, compared with INR 21.68 crore in the corresponding period last year. Total income during the quarter dropped sharply to INR 983.10 crore from INR 1,256.87 crore a year ago. Despite the softer quarterly performance, Sobha Ltd continues to maintain a strong presence across key residential markets in South India, Delhi-NCR and Mumbai. The results reflect near-term pressure on revenues amid broader market dynamics affecting real estate developers.Read more

20 Jan 2026

Full-stack resale homes platform Truva has raised USD 9 million (INR 78 crore) in fresh capital to accelerate its expansion across Mumbai and enter new metro markets such as Delhi NCR and Bengaluru. The funding round includes USD 7.3 million (INR 61 crore) in equity led by Stellaris Venture Partners and Orios Venture Partners, along with USD 1.7 million (INR 17 crore) in venture debt from Stride Ventures. Several prominent angel investors also participated. The capital will be used to strengthen Truva's proprietary real estate intelligence engine, TruIQ, and to scale inventory-backed operations covering legal verification, staging and transaction execution. Founded in 2023, Truva aims to bring transparency and predictability to India's fragmented resale housing market by owning the entire transaction journey end-to-end.Read more

20 Jan 2026

Mumbai-based Runwal Developers has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering. The proposed IPO is sized at INR 2,000 crore and includes a fresh issue of INR 1,700 crore along with an offer for sale of INR 300 crore by promoter Sandeep Subhash Runwal. Proceeds from the fresh issue will mainly be used to repay existing borrowings and for general corporate purposes. The approval comes amid steady primary market activity across sectors.Read more

20 Jan 2026

JSW Infrastructure reported an 8.7 per cent year-on-year increase in its consolidated net profit for the December quarter of FY26, supported by higher income and growth in cargo volumes across key ports. The country's second-largest private port operator posted a net profit of INR 364.85 crore for the October-December period, compared with INR 335.62 crore a year earlier. Total income rose to INR 1,409.38 crore, while expenses declined to INR 962.97 crore, aiding profitability. Cargo handled during the quarter increased 8 per cent to 31.7 million tonnes, driven by strong performance at the South West Port and Dharamtar Port. The company also saw an improvement in third-party and domestic cargo volumes, underscoring operational momentum.Read more

20 Jan 2026

Nuvoco Vistas Corp Ltd reported a consolidated net profit of INR 49.37 crore in the third quarter of FY26, marking a return to profitability after reporting a loss in the corresponding quarter of the previous financial year. The improvement was supported by higher cement volumes, improved operational efficiencies, and lower fuel costs. Total consolidated income for the quarter rose to INR 2,704.03 crore, reflecting stronger execution despite uneven demand conditions during part of the quarter. Cement volumes reached a record level for a third quarter, while disciplined cost management helped offset pricing pressures in a competitive market. The company said demand strengthened toward the end of the quarter, supported by improved construction activity, positioning it for a more stable operating environment going forward.Read more

20 Jan 2026

Realty major Lodha Developers Ltd reported a 15 per cent rise in net debt during the October-December quarter of FY26, driven by aggressive land acquisitions to fuel future growth. The company's net debt increased to INR 6,170 crore at the end of the third quarter from INR 5,370 crore in September 2025. Despite the increase, Lodha said its leverage remains comfortably within internal thresholds, with net debt well below its ceiling of 0.5x net debt-to-equity. During the quarter, the Mumbai-based developer acquired five land parcels across the Mumbai Metropolitan Region, Delhi-NCR and Bengaluru, with a combined revenue potential of INR 33,800 crore. The expansion underscores Lodha's strategy to strengthen its project pipeline across key housing markets.Read more

20 Jan 2026

Kalpataru Projects International Limited (KPIL) has completed the sale of its entire equity stake in Vindhyachal Expressway Private Limited to global sustainable infrastructure investor Actis for an enterprise value of INR 775 crore, subject to closing adjustments. The transaction marks a significant milestone in KPIL's asset monetisation strategy and reflects its ability to develop, operate and successfully divest long-term infrastructure assets. Vindhyachal Expressway is a special purpose vehicle that operates an 89.30-kilometre four-lane highway project connecting Rewa and Hanumana on National Highway-7 under a DBFOT toll-based concession from the Madhya Pradesh Road Development Corporation. KPIL said the divestment aligns with its focus on unlocking value from non-core assets while redeploying capital into its core EPC businesses to drive growth and improve returns.Read more

20 Jan 2026

The Uttar Pradesh government has raised development charges for construction projects across more than 30 key cities, including Lucknow, Kanpur, Ghaziabad, Agra, and Varanasi. The hike ranges from a minimum of 50% to nearly 90% in some areas, reflecting rising construction costs, taxes, and inflation. The revised fees must be paid upfront before starting any civil works. Officials said the updated charges, not revised for about a decade, are intended to boost the housing authorities revenue and fund urban infrastructure development.Read more

19 Jan 2026

Bengaluru's Greater Bengaluru Authority has launched an extensive door-to-door survey to identify property owners evading taxes by misreporting property details. Covering 369 wards across the city, surveyors are collecting geo-tagged data, photographs, property dimensions, usage type, and floor details using a mobile application. The information will be cross-verified with satellite imagery and tax records. Notices are being issued to defaulters to recover unpaid taxes. The initiative aims to address a 15% decline in property tax collections and strengthen compliance under the self-assessment scheme, impacting nearly 22 lakh properties in the city.Read more