27 Dec 2025

The Madhya Pradesh state cabinet has approved a major four-lane road infrastructure initiative connecting Badwah and Dhamnod at an estimated cost of INR 2,508 crore. The project aims to enhance regional connectivity in the state's western corridor, reduce travel time, improve freight movement and strengthen linkages with national highways. Designed to upgrade the existing two-lane route to a modern four-lane standard, the road is expected to spur economic activity across adjacent agricultural and industrial zones, improving access to markets and services for local communities. The approval underscores ongoing efforts by the state government to prioritise road expansion and logistics efficiency as part of broader infrastructure development goals.Read more

26 Dec 2025

The government is preparing to operationalise the SWAMIH-2 Fund, a INR 15,000 crore initiative aimed at completing around one lakh homes stuck in stalled residential projects. The fund is designed to provide last-mile financing to viable affordable and mid-income housing projects registered under RERA. Building on the progress of the first SWAMIH fund launched in 2019, the new window is expected to ease stress for homebuyers awaiting possession and help unlock liquidity in projects facing funding gaps.Read more

26 Dec 2025

Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), has received approval from the Securities and Exchange Board of India to operate as an Infrastructure Investment Trust. Conceived as a public InvIT, RIIT aims to unlock the monetisation potential of national highway assets while offering a long-term investment avenue for retail and domestic investors. The initiative is expected to widen public participation in India's highway infrastructure growth story and strengthen sustainable funding mechanisms for road development. With institutional backing from leading banks and financial institutions, RIIT marks a key milestone in NHAI's asset monetisation and infrastructure financing strategy.Read more

26 Dec 2025

Unity Small Finance Bank has emerged as the winning bidder for Aviom India Housing Finance after a competitive three-way auction conducted under the Insolvency and Bankruptcy Code. The bank offered an upfront payment of INR 977.5 crore, surpassing bids from Areion and Authum, securing significant recovery for creditors. Aviom had earlier faced insolvency due to loan defaults and regulatory concerns. The auction attracted six initial participants, though only three advanced to the final rounds. The resolution underscores investor interest in affordable housing finance and sets a precedent for structured recoveries in the sector.Read more

25 Dec 2025

State-owned Union Bank of India has reduced its home and vehicle loan interest rates after revising spreads under its external benchmark-linked lending framework. The move is expected to ease borrowing costs for retail customers amid steady credit demand. Separately, Vikran Engineering has secured a large engineering, procurement and construction order from Onix Renewable for utility-scale solar projects in Maharashtra. The contract covers turnkey execution and supply of key equipment within a defined timeline. Together, the developments reflect activity across retail lending and renewable energy infrastructure segments.Read more

Pune News Desk

25 Dec 2025

Pune's residential market continued its strong performance in November, with more than 14,200 property registrations recorded, indicating healthy demand across the city. Stamp duty collections associated with these transactions surpassed INR 565 crore, reflecting solid revenue growth for civic authorities. Demand was broad-based across price segments, with homes priced up to around INR 1 crore accounting for a significant share of activity, while higher-priced units also contributed to overall volumes. Both central and peripheral sub-markets participated in the uptick, suggesting growing buyer interest driven by improved connectivity, employment hubs and lifestyle infrastructure. Through the first eleven months of 2025, Pune's housing transaction and revenue figures are among the strongest in recent years.Read more

25 Dec 2025

The Odisha government has introduced a standard fee of INR 20,000 for transferring common areas in apartment complexes from developers to owners associations. The move aims to bring clarity and consistency to a process that often faced delays and varying charges. Developers will pay the fixed fee to municipal authorities while handing over shared facilities such as internal roads, gardens, lifts, corridors and lobbies. The policy also outlines clear documentation and procedural requirements to ensure timely transfers. By simplifying costs and processes, the decision is expected to reduce disputes, improve post-occupancy management, and help both developers and resident associations plan maintenance and governance more effectively as urban housing continues to expand across the state.Read more

24 Dec 2025

Elevated yields in India's corporate bond market have prompted several issuers to postpone large fundraising plans to the January-March quarter. Companies such as MUDRA, Indian Bank and ONGC Petro additions have delayed bond issuances worth around INR 150 billion, while others including Power Finance Corp, Indian Railway Finance Corp and SIDBI have withdrawn planned issues amid higher return demands from investors. Yields on AAA-rated bonds have risen by 20-30 basis points, driven by tight liquidity, higher government bond yields and global uncertainty. Investor caution has also been influenced by rupee volatility and foreign outflows. Market participants expect recent liquidity measures by the RBI to help stabilise yields and revive issuance activity in the next quarter.Read more

24 Dec 2025

Brookfield India Real Estate Trust has raised INR 2,000 crore through the issuance of sustainability-linked bonds, strengthening its balance sheet and reinforcing its long-term growth strategy. The five-year bonds attracted strong interest from a diversified pool of institutional investors, reflecting growing confidence in India's listed REIT sector and ESG-aligned financing instruments. The proceeds will be used to provide shareholder loans to select REIT entities and support general corporate requirements. The fundraise enhances financial flexibility for the trust as it continues to expand and optimise its Grade A office portfolio across key Indian markets while aligning capital deployment with sustainability and governance objectives.Read more

24 Dec 2025

Hindustan Construction Company Limited's rights issue has received a two-fold subscription, with applications amounting to INR 2,008 crore against an issue size of INR 999.99 crore. The company will retain funds equal to the issue size and refund the excess as per regulations. Management said the issue strengthens the balance sheet and supports deleveraging and long-term growth. Post-issue, HCC's equity shares will increase by nearly 80 crore units, raising the paid-up share capital from INR 181.94 crore to INR 261.94 crore.Read more