31 Dec 2025

Residential property registrations across nine major Indian cities declined 5% year-on-year to 5.45 lakh units in 2025, while the total transaction value rose 11% to INR 4.46 lakh crore. The contrasting trend highlights the impact of sustained price appreciation and a growing preference for premium and luxury homes, particularly in high-value markets such as the Mumbai Metropolitan Region. Despite lower volumes, higher ticket sizes and demand from affluent buyers supported overall value growth. Industry experts indicate that affordability pressures are emerging in premium micro-markets, pointing to a likely stabilisation in luxury demand during 2026, alongside a gradual shift toward mid-income housing.Read more

31 Dec 2025

State-owned NBCC (India) Ltd has sold 417 residential units in Noida and Greater Noida for a total value of INR 1,045.4 crore through an e-auction process, strengthening its efforts to complete stalled projects of the erstwhile Amrapali Group. The sales were carried out under the Supreme Court mandated framework to revive delayed housing projects and ensure delivery to homebuyers. NBCC, which is responsible for completing around 38,000 stalled flats, will earn a marketing fee from the transaction. The proceeds are expected to support construction activities and help fund the completion of ongoing and additional residential developments.Read more

31 Dec 2025

Bagmane Prime Office REIT, a Bengaluru-based office real estate investment trust backed by a global private equity major, has filed draft papers for an initial public offering valued at about USD 445 million. The proposed listing comes amid improving demand for office spaces as companies increasingly scale back remote working models. The REIT owns and operates premium office assets and competes with several listed peers in India's commercial real estate space. The IPO will comprise a mix of fresh issuance and an offer for sale by existing investors. Strong tenant demand, anchored by global technology majors, underpins the trust's growth outlook.Read more

30 Dec 2025

Horizon Industrial Parks, backed by global private equity firm Blackstone, has filed draft IPO papers with SEBI to raise INR 2,600 crore through a fresh issue of shares. The company plans to use most of the proceeds, around INR 2,250 crore, to repay existing debt. Ahead of the filing, Horizon raised nearly USD 200 million, or about INR 1,650 crore, from several institutional investors. Including this, the platform is targeting a total capital raise of roughly INR 4,250 crore to support its balance sheet and operations.Read more

30 Dec 2025

Delhi-NCR based real estate developer Gaurs Group has raised INR 440 crore through its first public issuance of non-convertible debentures, marking a significant milestone in its capital-raising strategy. The issue, fully subscribed by leading domestic mutual funds, highlights growing institutional confidence in the group's financial strength and execution capabilities. The funds will be deployed toward land acquisition, project construction, repayment of high-cost borrowings, and other corporate requirements. With a strong development track record across residential townships and large-format projects, the latest fundraise is expected to provide Gaurs Group greater financial flexibility to support expansion while maintaining a disciplined capital structure.Read more

30 Dec 2025

The Union Cabinet has approved Phase V(A) of the Delhi Metro expansion, clearing the addition of around 16 kilometres to the network at an estimated cost of INR 12,015 crore. The approval covers three new corridors with 13 stations, aimed at improving connectivity across key parts of Delhi, including links to central areas and major transport nodes. The project will be implemented by the Delhi Metro Rail Corporation with funding support from the central government, the Delhi government and external funding agencies. Once completed, the expansion will take the total operational length of the Delhi Metro beyond 400 kilometres, strengthening urban mobility in the National Capital Region.Read more

30 Dec 2025

The Assam cabinet approved a loan of INR 11,511 crore from NABARD to strengthen infrastructure across the state, focusing on roads, public services, and connectivity in Karbi Anglong, West Karbi Anglong, North Cachar Hills, and Tinsukia. Alongside the funding, the cabinet cleared amendments to the Assam Land and Revenue Regulation, enabling digital hearings and electronic submissions to improve transparency and reduce backlog. Settlements under Mission Basundhara schemes and changes to police promotion rules were also approved, supporting land security, merit-based advancement, and access to civic amenities.Read more

30 Dec 2025

National Asset Reconstruction Company Limited has submitted a bid of around INR 345 crore to acquire the stressed debt of the Kurukshetra Expressway project in Haryana. The total outstanding debt linked to the project is estimated at approximately INR 1,500 crore, and the bid represents a significant discount to the overall exposure. The expressway's concession agreement was terminated earlier following operational and financial challenges, leading lenders to initiate recovery proceedings. The proposed acquisition aligns with NARCL's mandate to resolve large non-performing infrastructure assets and support the clean-up of stressed loans in the banking system through asset reconstruction and recovery mechanisms.Read more

29 Dec 2025

The Lucknow Municipal Corporation has introduced a Property Tax Management System to improve accuracy and transparency in house tax assessment. The digital platform will create a building-wise database capturing verified details such as built-up area, property use and ownership. The system is aimed at identifying under-assessed properties, correcting classification errors and reducing manual intervention. Senior officials will be able to monitor tax calculations and collections in real time. The initiative forms part of wider efforts to strengthen municipal revenue and ensure uniform tax assessment across the city.Read more

29 Dec 2025

Manappuram Finance is set to raise up to INR 10 billion through a two-year bond issue, including a greenshoe option of INR 5 billion. The company has invited coupon and commitment bids, with the final rate to be decided through the bidding process scheduled later in the day. The proposed bonds are expected to be rated AA by Crisil. The fundraising reflects the company's continued use of debt markets to support its lending activities and maintain diversified funding sources.Read more