26 Nov 2025

Sundaram Home Finance has outlined plans to expand its reach across smaller towns in central Tamil Nadu by increasing its branch network and growing its emerging business segment. The company aims to double its presence in tier-3 and tier-4 towns and target INR 120 crore in disbursements over the next year. Its emerging business portfolio includes small-ticket loans of up to INR 20 lakh and affordable housing finance up to INR 40 lakh. The firm has already opened branches in key towns over the past year and continues to widen its footprint.Read more

26 Nov 2025

NIIF Infrastructure Finance plans to raise INR 12 billion (USD 134.56 million) through a seven-year-and-six-month bond, offering a 7.48% annual coupon. The issue includes a greenshoe option of INR 7 billion, with bids scheduled for the next day. Rated AAA by ICRA, the bonds are part of broader market activity, which includes recent bond offerings from Sundaram Finance, PFC, Axis Bank, SIDBI, Anzen India Energy, and Cholamandalam Investment. These transactions highlight active participation in India's long-term debt market, particularly for infrastructure and high-credit instruments.Read more

26 Nov 2025

Sagarmala Finance Corporation Ltd (SMFCL) received shareholder approval earlier this week to raise up to INR 25,000 crore for upcoming maritime projects, with INR 8,000 crore intended to be mobilised within the current financial year. The government-owned NBFC plans to borrow from banks, financial institutions and issue bonds. Part of the funding support will also come from the INR 25,000 crore Maritime Development Fund cleared by the Cabinet in September 2025. SMFCL will finance ports, port-connectivity, coastal shipping, inland waterways, shipbuilding and vessel acquisition, and is working with rating agencies to secure an apex-level rating.Read more

26 Nov 2025

India's real estate private credit market has entered a decisive growth phase, with its assets under management rising from less than USD 1 billion a decade ago to nearly USD 18 billion in the past week. Improved regulatory clarity, diversified funding channels, and greater institutional participation have strengthened the sector's foundations. According to Aaiji Group Managing Director Lalit Parihar, India is expected to contribute close to a quarter of the Asia-Pacific region's private credit expansion by 2028. This evolving credit landscape is seen as instrumental in enabling developers to scale responsibly while enhancing long-term value creation.Read more

26 Nov 2025

The PMRDA has approved an INR 156 crore plan to upgrade key roads in Khed taluka, particularly around the busy Chakan industrial area. The project includes widening and resurfacing seven PMRDA roads and five Major District Roads, expanding widths from 3.75 m to between 5.5 m and 10 m, with work targeted for completion in one year. To enable this, over 428 encroachments have been cleared, including 347 buildings. The initiative forms part of a larger INR 558.12 crore road development programme covering more than 40 km in and around Chakan. PMRDA has also begun land surveys for the proposed Chakan bypass, which will help divert heavy vehicles and ease local congestion.Read more

25 Nov 2025

Radhe Developers (India) Ltd has withdrawn its proposed rights issue after a board review carried out this week. The company did not provide specific reasons for the withdrawal, but rights issues usually require wider shareholder participation and longer timelines. In place of this, the board has cleared a preferential issue of shares valued at up to 64.1 million INR. This move gives the company a more focused way to raise capital from selected investors. Radhe Developers has taken similar funding decisions in previous years as part of its capital planning.Read more

25 Nov 2025

Ahmedabad Municipal Corporation has approved a wastewater-user levy on luxury hotels discharging more than 10 kilolitres per day, with the charge set at INR 8 per kilolitre. Around 20 upscale properties, including three- to five-star hotels, will see this applied from the 2026-27 billing cycle. The revision is linked to compliance norms required for a major infrastructure upgrade supported through an international funding programme. Annual bills for these hotels are projected to rise by INR 1.5-2 lakh, reflecting the city's attempt to align high-consumption commercial users with sustainable water-management practices.Read more

25 Nov 2025

The Delhi government has begun a comprehensive overhaul of circle rates, its first major review in over a decade, to bring property valuations closer to current market realities. Officials said a new 'A+' category is being created for ultra-luxury areas like Lutyens' Delhi, where market prices far exceed the existing top slab. Farmhouse valuations, especially in south Delhi, are also under reassessment, as many continue to be taxed at agricultural rates despite functioning as high-end residences or event venues. With categories last updated in 2014 and 2008, the committee is examining both upward and downward revisions and will seek public feedback before finalising its recommendations.Read more

25 Nov 2025

Public sector banks have overtaken private lenders in the home loan market, expanding their share to half of all loan originations by value, according to a new credit information report. Nearly 40 per cent of home loans now fall in the high-value segment above INR 75 lakh, with only a modest rise in active loan accounts but a clear increase in average ticket sizes. The home loan portfolio grew 11.1 per cent year-on-year to INR 42.1 lakh crore. Consumption credit also expanded 15.3 per cent to INR 109.6 lakh crore, driven largely by gold-backed loans. The report noted improving asset quality, with overdue consumption loans easing to 3 per cent.Read more

25 Nov 2025

The Maharashtra government has exempted stamp duty and registration fees for existing residents moving into 400-600 sq ft homes under Mumbai's cluster redevelopment programme. Through a directive by the Inspector General of Registration and Controller of Stamps, the combined area original, additional, and fungible will now be valued at a concessional rate (112 times the rent or a lower rate) instead of full construction or ready-reckoner cost. This move could save up to INR 4.36 crore in large projects and is aimed at boosting stalled cluster redevelopment work. Critics suggest the timing ahead of civic elections raises political questions.Read more