Embassy REIT reported a 15% YoY increase in NOI, reaching ₹872 crore in Q1 FY26, accompanied by a total income of ₹1,080.81 crore. The company leased two million sq ft and raised ₹4,225 crore in debt. Amit Shetty has been appointed as CEO, succeeding Ritwik Bhattacharjee. Distributions of ₹5.80 per unit were declared for the quarter. Source link...
Gurgaon residents brace for potential property price hikes as the district administration proposes significant increases in circle rates, ranging from 8% to 77% for residential areas and up to 145% for agricultural land. Upscale areas like DLF I-V could see a 10-20% rise. Source link...
The Bombay High Court moved a builder fraud case to the Mumbai Crime Branch. This action followed serious investigative failures by the Economic Offences Wing. Victims alleged a scam exceeding Rs 100 crore. The court criticized EOW's handling, citing inaction and negligence. Concerns arose over frozen accounts and untracked property transactions. The Crime Branch will now investigate the matter...
Thousands of homebuyers in Maharashtra, particularly in Pune, are facing uncertainty as 1,244 projects are marked 'under abeyance' by MahaRERA due to lack of completion certificates or extension applications. Many individuals' investments are stuck, with some waiting over a decade for possession. Source link...
Knowledge Realty Trust, sponsored by Sattva Group and Blackstone, has secured SEBI approval for its REIT public offering, aiming to raise ₹4,800 crore. Scheduled to hit capital markets in early August, KRT is poised to become India's largest REIT by gross asset value. The company owns over 46 million sq ft of office assets across major cities. Source link...
Akhil Wable of DataforIndia acquired a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises, who had purchased it earlier this year for Rs 95 crore. South Delhi's real estate market shows considerable appetite with limited inventory and high price appreciation, with transactions in Vasant Vihar reaching Rs 9–12 lakh per sq. yd. Source link...
UP-RERA has recovered ₹1,410 crore against 5,700 recovery certificates, with ₹861 crore recovered between August 2023 and July 15, 2025. Increased recoveries are attributed to monthly reviews with District Magistrates and pressure on defaulting promoters. Source link...
Mahindra Lifespace Developers announced a net profit of ₹51.26 crore for the first quarter of fiscal year 2026. The company's income was ₹40.61 crore. A rights issue improved the balance sheet. Gross development value additions reached ₹3,500 crore. Residential pre-sales were ₹449 crore. The IC&IC business saw healthy leasing activity in Jaipur and Chennai. Source link...
Mindspace Business Parks REIT has acquired Mack Soft Tech for ₹511.8 crore. This deal includes ‘Q-City’, a commercial asset in Hyderabad. The property will be rebranded as ‘The Square, 110 Financial District’. This acquisition increases Mindspace REIT’s Hyderabad portfolio. The deal was closed at a discount, promising a boost to REIT NOI. Source link...
Deccan Cements, with an expected operational capacity of 4 million tonnes by the end of this year, is seeking an enterprise value of $360 million (Rs 3,110 crore) for the company, said the people aware of the discussions. That translates into about $90 for each tonne of capacity. Source link...