01 Dec 2025

Square Yards secured USD 35 million in a fresh equity round led by Smile Gate Group along with its existing investors, placing the company's valuation in the range of USD 900-935 million and pushing it closer to unicorn status. The company is also in discussions to raise an additional USD 100 million through a mix of debt and equity as part of its pre-IPO strategy. With FY25 revenue at about INR 1,410 crore and a sharp rise in trailing 12-month EBITDA, the firm reported strong momentum in Q2 FY26, driven largely by its financial services vertical.Read more

01 Dec 2025

The Ahmedabad Municipal Corporation generated INR 473.7 crore from an online auction held earlier this week, where five of the 13 listed land parcels were sold across Shilaj, Chandkheda-Zundal, Sola-Hebatpur and Vastral. The residential plot in Shilaj sold at its base rate, while commercial plots in Sola-Hebatpur attracted significantly higher bids, contributing the highest premium revenue. The remaining plots in Chandkheda-Zundal and Vastral saw sales marginally above their base values. Although more than half the plots received no bids, the auction highlighted strong interest in certain commercial zones.Read more

01 Dec 2025

Japanese property developers have been increasing their focus on India as rising commercial rents, lower building costs and improving construction timelines make the market more attractive. Mitsui Fudosan, which entered India in 2020 with RMZ Real Estate, is now reviewing fresh investments worth 30-35 billion yen (around USD 190-225 million). Sumitomo Realty has committed USD 6.5 billion across five Mumbai projects and is exploring new sites near the upcoming Navi Mumbai airport. Several other Japanese developers are assessing opportunities in office, retail and hospitality assets as returns in India remain comparatively higher.Read more

01 Dec 2025

Mindspace Business Parks REIT has expanded its portfolio by acquiring three prime commercial assets from its sponsor, K Raheja Corp, in a transaction valued at INR 2,916 crore. Concluded earlier this week, the acquisition adds nearly 0.8 million square feet of premium leasable space across Mumbai and Pune. The REIT noted that the transaction was executed at a 6.1% discount to independent valuations. With this purchase, its total portfolio increases from 38.2 million square feet to 39 million square feet. The Board has also cleared a preferential issue of units worth up to INR 1,820 crore, pending regulatory approvals.Read more

01 Dec 2025

India's market regulator reclassified Real Estate Investment Trusts as equity-related instruments earlier this week, aiming to widen institutional participation from mutual funds and specialised investment funds. The move follows the regulator's board decision taken in the past week to amend the SEBI (Mutual Funds) Regulations, 1996, formalising REITs under the 'equity' category while retaining Infrastructure Investment Trusts under the 'hybrid' bracket. Existing REIT exposures held by debt schemes and SIF strategies will remain grandfathered, though fund houses have been advised to pare these gradually based on market sentiment and investor preference.Read more

01 Dec 2025

Nagpur Municipal Corporation is set to auction 113 properties worth INR 141 crore to recover around INR 1.9 crore in unpaid property taxes. The auctions, scheduled between December 12 and January 16, cover properties in multiple zones including Sitabuldi, Lendra Park, Zingabai Takli, Gorewada, Indora, Borgaon, Mankapur, Ajni, Somalwada, Khapri, Pardi, Hiwri, Subhedar Layout, and Sakkardara. The initiative is part of NMC's ongoing strategy to enforce tax compliance and enhance municipal revenue, following previous auctions earlier this year targeting overdue payments from other properties.Read more

01 Dec 2025

Tata Realty and Infrastructure Ltd has secured an INR 1,280 crore green loan from DBS Bank India to fund its sustainable Gurugram project, Intellion Park, which offers 2.1 million sq ft of Grade A office space. The funds will be utilized for certified green assets adhering to global sustainability benchmarks. DBS Bank India acted as the sole advisor and green loan coordinator. Tata Realty's commercial portfolio spans 19.6 million sq ft, while its residential arm, Tata Housing, manages over 34 projects across India and the Maldives, reflecting the group's commitment to sustainable development.Read more

30 Nov 2025

Tata Power is set to invest INR 10,000 crore to build a 10-GW ingots and wafers manufacturing plant in Odisha, crucial for solar cell, module, and semiconductor production. With an existing 4.55 GW cell and module capacity, the company plans to backward integrate its production to serve domestic and export markets. Two locations, Gopalpur and Cuttack, are under consideration due to their port proximity. This investment enhances Tata Power's solar manufacturing capabilities, strengthens supply chains, and reflects the company's commitment to supporting India's renewable energy growth and global market expansion.Read more

30 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has invited bids to lease a prime 1,299.52 sq m plot in Worli for 30 years, with an option to extend for another 30. The land, located near the Bandra-Worli Sea Link, is expected to generate around INR 200 crore, which will be used for city infrastructure projects. The plot was regained by BMC after a long legal dispute, and under Mumbai's Development Plan 2034, it is earmarked for public recreational or community use, potentially as a gymkhana or club.Read more

29 Nov 2025

GMR Cargo and Logistics Ltd, a subsidiary of GMR Airports, has secured a term loan of INR 750 crore from Axis Bank to develop a cargo city at Delhi's Indira Gandhi International Airport across 50.5 acres. To secure the facility, GMR Airports provided a Sponsor Support Undertaking and pledged or restricted the sale of 51% of its GCLL shares. The SSU will cover the construction period of Phase 1 and one year of operations. Additional funding will be infused if project costs overrun or repayments fall short.Read more