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• Brookfield India REIT posts 13% growth in NOI in Q1 FY26, plans ₹1,000 crore fund raise

  Brookfield India Real Estate Trust (BIRET) reported a 13% year-on-year increase in net operating income, reaching ₹4,986 million for the quarter ending June 30, 2025. The REIT achieved significant leasing and occupancy growth, leading to a 17% year-on-year rise in distribution to ₹5.25 per unit.

  

• Deadline for property tax settlement scheme extended to Aug 15 in Ludhiana

  Ludhiana residents get extended relief as the local bodies department pushes the property tax settlement scheme deadline to August 15. This offers defaulters a chance to clear dues from 2013-14 without interest or penalties. The scheme has already boosted revenue, collecting ₹15 crore, contributing to the ₹40 crore property tax revenue for the current fiscal year.

  

• Only 29% of plots sold under Andhra Pradesh's MIG housing initiative

  Andhra Pradesh's 'Smart Townships' scheme, aimed at providing affordable plots for middle-income groups, faces challenges with low sales, achieving only 29% plot sales and 23% of projected revenue. Structural issues like income caps, lottery allocation, and pricing have hindered its success. The government is now revising its approach, considering commercial auctions and layout modifications to improve the scheme's viability.

  

• Optum leases office space in Chennai’s Embassy Splendid Tech Zone for GCC

  Optum Global Solutions has leased 500,000 sq ft in Chennai’s Embassy Splendid Tech Zone for a new Global Capability Centre, set to open by Q3 2025. This major deal expands Optum’s India footprint and highlights Chennai’s growing appeal for tech-driven GCCs. India continues to lead globally in GCC presence, driven by talent, cost efficiency, and strategic value creation.

  

• ED files additional chargesheet on 1,700-acre lands in PMC-HDIL case

  The Enforcement Directorate has filed another chargesheet in the PMC Bank fraud case. This involves land in Sindhudurg, already seized by the ED. Rakesh Wadhawan and Sarang Wadhawan allegedly used defrauded money to buy land in the names of employees. They planned to sell it for the Vijay Durg port project. The state government wants to develop the port.

  

• DTCP razes illegal structure in Emaar Palm Hills over layout plan violation in Gurugram

  The DTCP demolished an illegal meeting hall built by the EMAAR Palm Hills RWA in Sector 77, as it violated the approved layout plan by encroaching on a common open area. The department warned RWAs against unauthorized construction on green belts or common areas, clarifying their role is limited to maintenance, not new construction.

  

• Rising construction costs hinder progress of PMAY-G scheme in Mysuru and Chamarajanagar

  The Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Mysuru and Chamarajanagar faces delays due to rising construction costs. Mysuru achieved 64.4% progress against its target of 20,908 houses, while Chamarajanagar lags at 27.2%. Beneficiaries struggle with existing grants of Rs 1.2 lakh and Rs 1.8 lakh, prompting calls for increased financial assistance to complete construction.

  

• Bengaluru civic body fines builder, sacks officials over footpath ramp encroachment

  Bengaluru civic body penalises builder Rs.1 lakh, removes three officials for ignoring footpath encroachment, debris complaints, and public safety violations Acting on complaints, BBMP officials inspected the site and confirmed the encroachment.

  

• Ghaziabad development body to file fresh FIR against Ansal Properties for basement cave-in

  Ghaziabad Development Authority is preparing to file another FIR against Ansal Properties after a cave-in at Sushant Aquapolis Integrated Township caused vehicles to be submerged. The incident revealed infrastructural deficiencies, including the lack of fencing around a basement, leading to flooding and a 15ft crater.

  

• SC hearing next week, Sports City builders start repaying their dues

  Noida Authority is recovering dues from developers of Sports City projects following High Court orders. Lotus Green Constructions paid ₹80 crore, with others expected to follow. Notices were issued to 62 developers for ₹11,000 crore in dues. The court has ordered CBI and ED investigations into irregularities, while developers have approached the Supreme Court.

  

• Haryana RERA orders builder to refund amount with 11% interest in restaurant unit dispute

  Haryana Real Estate Regulatory Authority addressed a dispute between Atombridge Networks and Neo Developers. Atombridge sought to restore a cancelled restaurant unit booking in Sector 109. H-Rera validated the cancellation due to the absence of a builder-buyer agreement. However, Neo Developers must refund Rs 42.5 lakh to Atombridge. A deduction of 10% as earnest money applies.

  

• Property prices in Lucknow rise up to 25% as revised circle rates take effect

  Lucknow's property prices are set to increase by up to 25% following a revision of circle rates, effective Friday. This adjustment, the first in ten years, impacts agricultural and non-agricultural lands differently, with the latter seeing a steeper rise. The revision categorizes properties based on amenities and location, leading to varied increases across areas like Ashok Marg and Indiranagar.

  

• House prices in UK rise modestly in July, affordability improves: Nationwide

  British house prices saw an unexpected rise in July, according to Nationwide. The increase, though slight, exceeded forecasts. This follows a period of stabilization after tax break changes. Affordability is improving due to wage growth and lower mortgage rates. The Bank of England is expected to cut interest rates. Restrictions on high loan-to-income mortgages were also eased last month.

  

• Sebi proposes to broaden definition of strategic investor under REIT, InvIT norms

  SEBI has proposed broadening the definition of 'strategic investor' under REIT and InvIT norms to include Qualified Institutional Buyers (QIBs) and certain Foreign Portfolio Investors (FPIs). This move aims to attract more institutional capital by allowing entities like pension funds and insurance funds to qualify as strategic investors.

  

• Delhi government may change policy, approach court to protect slum dwellers rights: CM

  Chief Minister Rekha Gupta has assured that no slum dwellers in Delhi will face harassment, pledging to protect their housing rights. The government is prepared to amend policies and approach the court if necessary.

  

• Sri Lotus Developers IPO subscribed 69.14 times

  Sri Lotus Developers' IPO, backed by Bollywood stars and Ashish Kacholia, saw overwhelming demand, subscribed 69.14 times on its final day. The IPO received strong interest across all investor categories, with QIBs leading the charge at 163.90 times subscription. The company plans to use the Rs 792 crore raised for ongoing projects and general corporate purposes.

  

• LIC Housing Finance's net profit rises by 4.41% in Q1 FY26

  LIC Housing Finance reported a 4.41% rise in net consolidated profit, reaching ₹1,364 crore in Q1 FY26. Total income grew by 6.67% to ₹7,250.16 crore. The company reduced lending rates and introduced zero processing fees to boost housing credit access. Total disbursements increased by 2% to ₹13,116 crore, with individual home loans up by 3%.

  

• JK Lakshmi Cement posts net profit of ₹149.88 crore in Q1 FY26

  JK Lakshmi Cement witnessed a significant surge in profitability, reporting a 164.43% increase in net profit for Q1 FY26, reaching ₹149.88 crore. Fuelled by higher volumes and optimized product mix, the company is also expanding its capacity through strategic mergers and new grinding units.

  

• Delhi CM urges builders to come up with public private partnership model

  Delhi's Chief Minister, Rekha Gupta, has pledged to revamp the capital in two years, inviting PPP models for infrastructure development. NAREDCO's conference highlighted the need for sustainable practices and skilled workers in the real estate sector. While the industry grew, a drop in affordable housing sales raises concerns, prompting calls for streamlined approvals and collaborative solutions.

  

• PNB Housing Finance's CEO resigns

  Girish Kousgi, the MD and CEO of PNB Housing Finance, has resigned. He will leave on October 28, 2025. The board will look for a new leader. The company's retail loan book grew. It reached ₹76,923 crore as of June 30, 2025. Gross NPA improved to 1.06%. The cost of borrowing declined. Operating expenses increased.