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NGT Requests New Report on Illegal Noida Buildings

NOIDA: The National Green Tribunal has expressed concern over the Noida Authority’s inadequate response to issues of illegal residential and commercial constructions. The tribunal, led by Justice Prakash Srivastava on July 28, has ordered the Authority to provide a new affidavit within three weeks detailing individuals, properties, projects, and their specific locations. The projects identified by the petitioner’s lawyer, Akash Vashishtha, include Pristine Greens and Krishna Elite Homes in Bisrakh Jalalpur village, Greater Noida West, which are being developed on agricultural and residential land. Other projects named include Trinity High Street in Jalpura, Vihaan Heritage in Bisrakh, Subodh Bhati Market…

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Sri Lotus Developers IPO Secures 10.34x Subscription on Day 2

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, a real estate firm backed by Bollywood celebrities and investor Ashish Kacholia, has been subscribed 10.34 times as of Thursday, the second day of bidding. According to data from the NSE, the offering received bids for 40,99,20,100 shares versus the 3,96,58,730 shares available. The non-institutional investor category was subscribed 15.95 times, while the segment for Retail Individual Investors (RIIs) saw an 8.89 times subscription rate. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 8.69 times. Earlier this week, Sri Lotus Developers secured Rs 237 crore…

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ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, which includes ₹133 crore in principal and ₹57 crore in interest. This repayment pertains to its residential project ATS Marigold located on the Dwarka Expressway in Gurugram. The project had encountered construction delays due to the NBFC crisis in 2018 and disruptions caused by the COVID-19 pandemic. It was revitalized with last-mile funding from the government-backed stress resolution fund. Currently, the project is fully completed, and all six towers have secured occupation certificates (OCs) from the authorities. The fund…

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ATS Infrastructure repays ₹190 crore SWAMIH fund early

NEW DELHI: ATS Infrastructure has repaid ₹190 crore to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I. This sum includes ₹133 crore as the principal amount and ₹57 crore in interest for its ATS Marigold residential project on the Dwarka Expressway in Gurugram. The project encountered construction delays due to the NBFC crisis in 2018 and interruptions from the COVID-19 pandemic. It saw a revival through last-mile funding from the government-backed stress resolution fund. The project is now complete, with all six towers receiving occupation certificates (OCs) from the authorities. When the fund invested in February…

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REITs Make Up 43% of Real Estate Fundraising Since FY18

NEW DELHI: Over the past 12 months, smallcap real estate companies have topped the performance charts in the real estate sector, yielding a remarkable 17% return, as reported by Equirus Securities. This performance surpasses other segments, with REITs (Real Estate Investment Trusts) at 15.2%, midcap real estate stocks at 2.5%, and the benchmark Sensex at just 1.4%. Meanwhile, largecap real estate firms have underperformed with a decline of -2.9%. Equirus observes that this trend has remained steady even over an extended timeframe, with smallcap real estate firms consistently leading since March 2021, followed by midcap and largecap players. Although REITs…

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Indian Real Estate Secures ₹400B from IPOs Since 2021: Colliers

NEW DELHI: Since 2021, India’s real estate sector has raised nearly ₹400 billion through IPOs, with ₹76 billion raised from seven IPOs in 2025 alone, according to a report from Colliers India. Concurrently, bank credit to the sector has more than doubled, rising from ₹17.8 lakh crore in FY21 to ₹35.4 lakh crore in FY25, indicative of growing institutional confidence and improved financial health of developers. Total bank credit in India surged from ₹109.5 lakh crore in FY21 to ₹182.4 lakh crore in FY25, with real estate now representing nearly 20% of this total. Notably, the asset quality in this…

Housing FinanceLatest Stories

ICRA: Affordable housing AUM to reach ₹2.5L crore by FY28

NEW DELHI: According to ICRA, the assets under management (AUM) for affordable housing finance companies (AHFCs) are expected to grow to ₹2.5 lakh crore by FY2028, up from ₹1.4 lakh crore in March 2025. The total retail mortgage-backed loan portfolio for non-banking financial companies (NBFCs) and housing finance companies (HFCs) is projected to increase to ₹20 lakh crore by FY2028, rising from ₹13 lakh crore currently. ICRA forecasts that mortgage loans provided by NBFCs and AHFCs will see a compound annual growth rate (CAGR) of 17–19% and 20–22%, respectively, in the next three years. This growth is anticipated to be…

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Godrej Properties Buys 34 Acres in Vadodara

NEW DELHI: Godrej Properties (GPL), based in Mumbai, has purchased 34 acres of land in Vadodara. This land will primarily feature plotted residential units, providing an estimated saleable area of 900,000 sq ft. This acquisition marks GPL’s second land purchase in Gujarat within the last year. In October 2024, the company previously obtained a three-acre parcel in Vastrapur, Ahmedabad. Recently, the company also acquired a 48-acre land parcel through direct purchase in Doddaballapur, Bengaluru, which will mainly consist of plotted units with a potential development area of 1.1 million sq ft. Published On Jul 31, 2025 at 11:14 PM IST…

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Top 25 Real Estate Firms Hit ₹6.1 Lakh Crore Market Cap by 2025

Representative image created by AI NEW DELHI: Macrotech Developers, renowned for its Lodha brand, has secured its position as India’s top real estate company in the 2025 Grohe-Hurun India Real Estate rankings, based on market capitalization as of March 31, 2025. With a market cap of ₹1,29,400 crore, the Mumbai-based firm continues to lead the standings, reflecting robust investor confidence and stellar performance within the Indian property sector. DLF follows closely with a market cap of ₹1,15,100 crore, while Phoenix Mills rounds out the top three at ₹47,800 crore. The report indicates that the total market capitalization of the 25…

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Embassy REIT Q1 FY26 NOI Rises 15%; Amit Shetty Named CEO

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 15% year-on-year increase in its net operating income (NOI), totaling ₹872 crore for the quarter ending June 30, 2025, according to a BSE filing. The consolidated net total income reached ₹1,080.81 crore in Q1 FY26, compared to ₹981.34 crore in Q1 FY25. The company raised ₹4,225 crore in debt at a blended coupon of 7.18%, which includes a ₹750 crore NCD issuance at a 6.97% coupon. The net consolidated profit after tax was ₹155.16 crore, down from ₹178.76 crore the previous year. The board of directors of Embassy Office Parks…