12 Oct 2025

Sify Infinit Spaces Ltd., a subsidiary of Sify Technologies Ltd., is planning a USD 500 million IPO, potentially becoming India's first listed data centre operator. The offering will include fresh issuance and sale by existing shareholders, managed by top financial institutions. India's data centre market is expected to more than double in the next three years, requiring INR 90,000 crore (USD 10.1 billion) in investments, driven by growing digital usage, AI adoption, and data localisation rules. Sify Infinit operates 14 sites across six cities and is backed by Kotak Private Equity.Read more

12 Oct 2025

The Uttarakhand government has increased property circle rates across the state, with hikes ranging from 9% to 22% and an average rise of about 15%. This revision, the first in two years, reflects rising construction activity and higher land demand. Dehradun's Rajpur Road continues to be the priciest locality, while Thano Road recorded the steepest increase. The move is expected to make residential and commercial properties costlier and boost government revenue from property registrations, aligning property values with current market trends.Read more

12 Oct 2025

Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more

11 Oct 2025

JSW One Platforms has raised INR 575 crore in a funding round led by JSW Steel and SBI, with participation from other institutional investors including Principal Asset Management, One-Up, ICL, and Scarlett Ventures. The funding will support growth by investing in the company's technology platform, expanding operations, and strengthening its NBFC arm. Serving India's construction and manufacturing MSMEs, JSW One provides procurement, credit, fulfilment, and private brand solutions. This latest round reinforces the company's efforts to scale services, improve operational efficiency, and provide more comprehensive support to MSMEs nationwide.Read more

11 Oct 2025

KEC International, part of the RPG Group, has won new orders worth INR 1,102 crore spanning civil, transportation, transmission and distribution (T&D), and cables and conductors businesses. The orders include civil and structural works for a 150 MW thermal power plant in India, railway safety systems under the Kavach initiative, and supply contracts in the Americas and Middle East. These wins reflect the company's growing domestic and international presence. Its year-to-date order intake now totals INR 12,800 crore, reinforcing its position in key infrastructure sectors.Read more

11 Oct 2025

The Maharashtra Housing and Area Development Authority (MHADA) has updated its 2007 redevelopment rules to make commercial area premiums more market-aligned and financially feasible. The new formula replaces the earlier fixed 1.5x residential rate, factoring in Ready Reckoner land values, DCPR percentages for commercial use, and local market price comparisons. The revision is aimed at addressing developers' concerns, encouraging stalled redevelopment projects, and facilitating the redevelopment of old housing societies in Mumbai. This is expected to increase housing supply while ensuring fair commercial viability.Read more

10 Oct 2025

Chennai-based Grand Housing has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO), signaling its plans to go public. The company plans an offer for sale of up to 35.5 million equity shares, each with a face value of INR 5. Founded in 2004, Grand Housing develops plotted residential and industrial land primarily in Tamil Nadu. Its land reserves stood at around 83.1 million sq ft, excluding ongoing and upcoming projects. FY25 revenue and net profit rose significantly compared to FY23. The IPO will follow the book-building process with allocations to institutional, non-institutional, and retail investors.Read more

10 Oct 2025

WeWork India Management's shares debuted on the NSE and BSE with limited movement, initially trading slightly above the issue price before dipping. The INR 3,000 crore IPO was fully an offer for sale, with promoter group Embassy Buildcon LLP and WeWork Global's affiliate divesting their stakes. The IPO received 1.15 times subscription on the last day and raised over INR 1,348 crore from anchor investors. The listing is intended to provide liquidity to shareholders, enhance visibility, and create a public market. The company manages 77 lakh sq ft across Tier-1 cities.Read more

10 Oct 2025

Delhi-based companies are required to pay a stamp duty of 0.1 per cent on the issuance of shares, clarified the revenue department. The stamp collector has instructed NSDL and CDSL not to collect the lower central rate of 0.005 per cent, confirming that the correct rate under Schedule IA of the Indian Stamp Act, 1899, applies. All listed and unlisted companies must apply for adjudication of stamp duty, whether issuing physical or digital share certificates. Non-compliance can attract penalties and interest, and delays affect Delhi's state revenue collection.Read more

10 Oct 2025

Trichy Corporation has updated water and UGD charges for residential properties, linking fees to built-up areas. Domestic water charges will rise between INR 180 and INR 360 per month, marking an 11% to 100% increase, while UGD fees have jumped over 60%, with a minimum of INR 100 and a maximum of INR 220 per month. The revision, part of funding agency requirements, follows five years without change. Apartment complexes are limited to one connection per four flats. Implementation is pending final approval, raising concerns among residents about potential rent impacts.Read more