11 Dec 2025

The Haryana government has released INR 1,700 crore to HSVP and multiple metropolitan development authorities to support ongoing city infrastructure work. This comes after the state had earmarked INR 3,000 crore in its 2025-26 budget from the external development charges (EDC) fund for major cities, including Gurugram, Faridabad, Sonipat, Panchkula and Hisar. The planning department has already used a large share of the existing fund for development work. The state had also allocated INR 2,188 crore in the previous year to metropolitan agencies, reflecting a continued focus on improving urban services and core infrastructure.Read more

11 Dec 2025

Brookfield India Real Estate Trust has raised INR 3,500 crore through a Qualified Institutional Placement to fund its acquisition of Ecoworld, a 48-acre Grade A office campus on Bengaluru's Outer Ring Road. The QIP was oversubscribed more than three times and drew strong interest from leading investors, including major mutual funds, insurers and global institutions. With this raise, the REIT has mobilised INR 8,000 crore over the past year. The 7.7-million-sq-ft Ecoworld purchase will lift Brookfield India REIT's operating portfolio to over 32 million sq ft and push its gross asset value beyond INR 53,000 crore. The REIT currently manages 29.1 million sq ft across India.Read more

11 Dec 2025

Trump Media & Technology Group has pledged INR 1 lakh crore for Bharat Future City, a 765 sq km urban project near Hyderabad overseen by the Future City Development Authority. The funds will support infrastructure, real estate, technology, and commercial development. Announced during the Telangana Rising Global Summit, the project complements other state investment commitments totaling over INR?2.4?lakh crore across sectors like green energy, defence, manufacturing, and logistics, positioning Telangana as a growing hub for large-scale urban and technological development.Read more

10 Dec 2025

Nisus Finance has completed its exit from Project High Cliff in Bengaluru with a 23% IRR over a two-year period through its RESO-1 fund. The investment was made using rated and listed non-convertible debentures and helped the project recover from earlier approval delays. High Cliff spans 1.4 acres and includes about 2.4 lakh sq. ft. of saleable area with 196 homes across 1, 2 and 3 BHK units. The project's progress reflects the growing demand for structured credit in Indian real estate, especially as traditional lenders remain cautious.Read more

10 Dec 2025

Steamhouse India has submitted updated draft documents to SEBI for an IPO aimed at raising INR 425 crore. The offering will include a fresh issue of INR 345 crore and an INR 80 crore OFS by promoter Vishal Sanwarprasad Budhia. The company plans to use the funds to repay part of its debt, expand capacity at its Ankleshwar and Panoli sites, and set up a new steam-generation unit in the Dahej SEZ. The firm, which introduced community boiler systems in India in 2014, recently expanded into nitrogen production and served 174 customers in the first half of FY26.Read more

10 Dec 2025

Embassy Developments reported a strong market response to Embassy Greenshore, its newly launched premium residential project at Embassy Springs in North Bengaluru, securing bookings worth around INR 860 crore within five days. The 14-acre development includes 878 larger-format apartments across two phases, targeting upper-mid-segment buyers seeking spacious layouts and master-planned community living.Read more

10 Dec 2025

The Mormugao Municipal Council recently sealed a private and a public-sector bank in Vasco for failing to pay a total of INR 9 lakh in rent despite repeated reminders. The council used a 'Gandhian' method of offering roses to the bank officials to encourage payment, a tactic previously used successfully elsewhere. The dues are intended for municipal staff salaries. Other defaulters, including government offices, are on notice. MMC emphasized that unpaid rents could lead to further action and relocation of offices until dues are cleared.Read more

09 Dec 2025

Ashoka Buildcon has secured an additional INR 447.21 crore work under its ongoing BMC flyover project on the Sion-Panvel Highway. The extension covers construction of Flyover Arms 1 and 2 at the T-junction near Maharashtra Nagar in Mumbai's M/E Ward, increasing the total project value to INR 1,573.79 crore. The timeline for the entire project has now been extended to 13 January 2028. The order, awarded on a percentage-rate basis, remains a domestic contract and does not fall under related-party transactions. The company had originally won the project as the lowest bidder.Read more

09 Dec 2025

Omaxe Group has fully repaid more than INR 700 crore owed to Samman Capital (formerly Indiabulls Housing Finance) ahead of schedule, using cash flows generated from its projects. The funding facility had supported developments in Lucknow, Faridabad, New Chandigarh and other cities. With the debt now closed, Omaxe said the move strengthens its balance sheet and aligns with its strategy to reduce leverage and improve capital efficiency. MD Mohit Goel and CFO Atul Banshal noted that the early repayment reflects disciplined financial management and the value of the partnership in advancing key projects. The milestone follows strong sales, new capital inflows and steady progress across Omaxe's residential and mixed-use portfolio.Read more

09 Dec 2025

ICICI Prudential AMC, India's second-largest asset manager, is planning a move into private equity to strengthen its investment capabilities in emerging businesses. The company is seeking regulatory approval to acquire ICICI Ventures and is also in talks to launch retirement funds. The firm manages over INR 10 trillion (USD 110.92 billion) in assets and is targeting a valuation of INR 1.07 trillion (USD 11.9 billion) for its upcoming IPO. Prudential will sell around 10% of its stake, with subscriptions open this Friday and closing on December 16.Read more