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.
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.
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.
Godrej Properties announces a 15.34% rise in net consolidated profit for the quarter ending June 30, 2025. Profit after tax reached ₹598.80 crore. However, total income saw a slight dip. The company sold a stake in Madhuvan Enterprises. Booking value declined, but collections grew by 22%. Five new projects were added, promising future growth for Godrej Properties.
Pune's 'green building norm property tax discount' beneficiaries have doubled in six years, raising questions about actual environmental impact. While PMC claims surprise checks, activists demand stricter compliance verification for solar and vermicomposting systems.
Ranchi's district registration office experienced a surge in land registrations as buyers rushed to finalize deals before a 10% increase in land valuation took effect on August 1. The revised rates, impacting urban wards and adjoining areas, led to anxieties among buyers eager to avoid higher registration charges.
Mumbai's Govandi and Shivaji Nagar slum redevelopment project faces challenges. The Brihanmumbai Municipal Corporation's tender received no bids for these areas. Developers cite low commercial value and connectivity issues. Concerns include inadequate civic amenities and pollution. Experts highlight transparency and land reservation policies. The BMC plans to invite fresh bids for the project.
In Navi Mumbai, Cidco sold four Nerul plots to a developer for a record Rs 7.65 lakh per sq m. Parth Life Spaces realty group won the deal for Rs 1,500 crore. Observers attribute the high price to the upcoming Navi Mumbai International Airport. Concerns arise about affordability for the working class. Experts suggest builders should control land prices.
Yogayatan Group has emerged as the highest bidder for the debt-laden Lavasa Corporation, increasing its bid to Rs 795 crore. This surpasses Valor Estates' previous offer, although Valor has expressed interest in upping its bid. Lenders are navigating complexities including land titles and environmental concerns in this second attempt to resolve Lavasa's insolvency after a prior plan failed.
Karnataka is dedicated to fostering a supportive environment for real estate, emphasizing integrated urban planning and infrastructure, according to Tushar Giri Nath. A CII conference highlighted the state's leading role in India's real estate growth across various sectors.
Sri Lotus Developers' IPO, backed by Bollywood stars and Ashish Kacholia, was subscribed 10.34 times on its second day. The IPO, aiming to raise Rs 792 crore, will use the proceeds to invest in subsidiaries for ongoing projects and general corporate purposes. The real estate developer focuses on luxury redevelopment projects in Mumbai's western suburbs.
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