NEW DELHI: Sobha has reported a remarkable 124.96% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹13.61 crore in Q1 FY26, compared to ₹6.05 crore in the same quarter of the previous fiscal year, as per a BSE filing.
The company’s net consolidated total income was ₹901.40 crore in Q1 FY26, marking a growth of 34.57% from ₹669.85 crore in the corresponding quarter last year.
MUMBAI: Embassy Office Parks REIT in India is negotiating with bankers to secure 20 billion rupees ($232.79 million) by issuing five-year corporate bonds, according to three sources familiar with the situation, who asked to remain anonymous due to the private nature of the talks. The firm aims to finalize this funding round by the end of the month. Mutual funds and some insurance companies are expected to show strong interest in the debt sale, as the bonds are rated ‘AAA’ by Crisil. Embassy REIT will approach the bond market for the second time this year, following a successful raise of…
NEW DELHI: Private equity (PE) investments in the Indian real estate sector surged to USD 2.4 billion (₹203 billion) in the first half (H1) of 2025, representing a 38% year-on-year (YoY) increase, according to Savills India. The pace quickened in the April–June quarter (Q2 2025), with inflows doubling to USD 1.6 billion (₹139 billion). This rise was supported by strong demand for commercial office spaces, hospitality, and alternative segments such as student housing. “There’s a clear strategic shift towards diversifying portfolios, with investors increasingly eyeing retail, hospitality, and student housing segments. This trend reflects the market’s maturity and resilience,” stated…
NEW DELHI: Keystone Realtors (Rustomjee Group) has been appointed as the developer for a significant cluster redevelopment project in Andheri West, Mumbai, chosen by eight housing societies. A development agreement (DA) has been finalized with five societies, while letters of intent (LOIs) have been received from the remaining three, with the execution of DAs anticipated in the coming days. Boman Irani, Chairman and Managing Director of the company, stated, “With a GDV close to ₹3,000 crore and an extensive development footprint, this project showcases our commitment to scale, location, and value generation.” The redevelopment plan entails transforming a group of…
