23 Oct 2025

Sobha Limited reported a strong performance for the quarter ended 30 September, with net profit rising to INR 72.52 crore from INR 26.08 crore a year earlier. Total income grew 52% to INR 1,469.32 crore, supported by higher sales and collections. The company sold 1.39 million sq ft of space, a 50% increase, achieving an average realisation of INR 13,648 per sq ft. Collections rose 49% to INR 2,046 crore, while sales value surged 61% to INR 1,903 crore. With net debt at INR 751 crore and a negative net debt-to-equity ratio, Sobha remains financially strong and well-positioned for its planned 16.69 million sq ft of launches over the next six quarters.Read more

23 Oct 2025

Nimbus Projects Ltd reported a 9% rise in sales bookings, reaching INR 239 crore in the second quarter of the fiscal year, compared to INR 220 crore during the same period last year. Pre-sales in the first half totaled INR 311 crore, showing steady growth. The company expects to acquire an additional 24,365 sq m of land from the Uttar Pradesh government in Greater Noida to develop projects worth INR 1,100 crore. Nimbus continues ongoing residential projects in Noida and Greater Noida, including the upcoming luxury development 'Arista Luxe.'Read more

22 Oct 2025

LuLu International Shopping Malls Pvt Ltd has purchased a 66,168 sq m plot in Chandkheda, Ahmedabad, for INR 519.41 crore, marking the city's largest-ever property transaction. The deal, registered at the Sabarmati sub-registrar's office, generated INR 31 crore in stamp duty, a record for Ahmedabad. The Ahmedabad Municipal Corporation had auctioned the land at a base price of INR 76,000 per sq m, with LuLu securing it at INR 78,500 per sq m. After resolving land possession issues, the AMC approved a full sale deed instead of a 99-year lease, reflecting a policy shift towards investor-friendly practices and signalling rising confidence in Gujarat's real estate market.Read more

22 Oct 2025

Sunteck Realty Limited recorded steady growth in its financial performance for the second quarter and first half of FY26. The company reported a 34% rise in pre-sales to around INR 702 cr and a 24% increase in collections to nearly INR 331 cr. Revenue from operations climbed 49% to approximately INR 252 cr, while EBITDA more than doubled to INR 78 cr. Profit after tax (PAT) stood at INR 49 cr, up 41%. For the first half, pre-sales reached INR 1,359 cr, and EBITDA rose 83% to INR 126 cr. Sunteck also secured two new projects in Andheri and Mira Road and achieved a top ESG rating in the 2025 GRESB assessment.Read more

22 Oct 2025

HooLiv, a co-living and student housing start-up, has raised INR 24 crore from investors led by Negen Capital to boost its expansion in non-metro cities. Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, the company plans to use the funds for acquiring beds, enhancing its brand presence, and upgrading its property management technology. CEO Chinmoy Mishra highlighted the sector's transformation, citing future consolidation and stronger university partnerships. With this funding, HooLiv aims to scale its portfolio, strengthen operations, and address India's growing need for organised student housing beyond major urban centres.Read more

22 Oct 2025

Units of Anantam Highways Trust saw a strong start after listing on the BSE and NSE, reflecting solid investor interest in infrastructure assets. On the BSE, the units opened above the issue price, surged to a high of INR 114, and closed at INR 104.98, up nearly 5%. On the NSE, the units listed at INR 103 and ended at INR 105.37, gaining over 5%. The trust, set up to own and operate road assets in India, had a well-subscribed INR 400-crore IPO, with proceeds intended for infrastructure projects, debt repayment, and corporate requirements.Read more

22 Oct 2025

Maharashtra Metro Rail Corporation Limited (MahaMetro) is planning to monetize its environmental efforts in the Nagpur and Pune metro projects by trading carbon credits. The corporation has floated a tender to hire a consultant who will quantify and document emissions reductions from initiatives like solar power use, regenerative braking, and a modal shift from road to rail transport. The consultant will manage the process from survey and carbon accounting to international registration under programs such as UN CDM, VERRA VCS, and India's emerging domestic carbon market, enabling verified carbon credits to generate revenue over a seven-year operational cycle.Read more

21 Oct 2025

IRB InvIT Fund, sponsored by IRB Infrastructure Developers Ltd, raised INR 3,248.43 crore through an institutional placement of units, marking its first fund-raising since the 2017 launch. Investors holding more than 5% of units, excluding the sponsor, include Anahera Investment Pte. Ltd., Kotak Mahindra Bank, and CIM Investment Fund ICAV. The proceeds will partly fund the acquisition of three BOT highway assets: Hapur-Moradabad, Kaithal-Rajasthan Border, and Kishangarh-Gulabpura, with the associated Private InvIT expected to receive around INR 4,905 crore. This infusion positions the fund to pursue additional highway projects worth over INR 15,000 crore, strengthening IRB Group's development pipeline.Read more

21 Oct 2025

India has set an ambitious goal to attract INR 80 lakh crore (approximately USD 1 trillion) in investments to its maritime sector by 2047. This initiative, part of the Maritime Amrit Kaal Vision, aims to position India among the top five shipbuilding nations globally. The strategy includes enhancing port infrastructure, expanding shipbuilding capabilities, and creating 1.5 crore jobs. The India Maritime Week (IMW) 2025, scheduled from late October in Mumbai, is expected to play a pivotal role in advancing these objectives.Read more

21 Oct 2025

Mumbai-based Arkade Developers Ltd recorded an increase in its consolidated net profit during the past quarter, supported by higher income from operations. The real estate firm reported improved earnings compared with the same period last year, reflecting the steady demand for its residential projects. The company has already delivered more than 5.5 million square feet of real estate developments, with another 2 million square feet currently under construction.Read more