Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Include infra loans in priority sector in absence of vibrant bond market: SBI economists
Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.
South-based developers step up Mumbai play amid strong housing demand
Several large South Indian real estate developers are now entering Mumbai's property market. They are strategically focusing on redevelopment projects and joint development agreements. This approach offers a capital-efficient entry into India's most expensive housing market. Mumbai's sustained housing demand and redevelopment opportunities attract these new entrants. The trend is intensifying competition in the city's premium and mid-income housing segments.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Corporate giants turn to urban regeneration as redevelopment race intensifies
India's largest corporate houses are increasingly focusing on urban regeneration, shifting real estate focus from land acquisition to redevelopment. Giants like Reliance, Adani and JSW are aggressively bidding for projects involving old housing colonies and slum rehabilitation in Mumbai.
Puravankara shares gain after it enters joint development deal for 6.4 acre land parcel in Bengaluru
The said corridor in Bengaluru has emerged as a preferred destination for IT professionals and homebuyers seeing quality housing, supported by limited availability of organized residential projects from reputed developers, Puravankara's statement read.
MHADA’s 925-acre Mumbai redevelopment pipeline may draw Rs 4 lakh cr investment
Mumbai's housing redevelopment is set for a massive Rs 4 lakh crore investment, promising 75,000 rehabilitation tenements and 30,000 MHADA units. This large-scale urban renewal, covering 925 acres across 11 projects, aims to transform ageing colonies and densely populated areas. The new Construction & Development Agency model prioritizes residents with transit rent support and maintenance funds, attracting major developers like Adani and Reliance.
Stocks to Watch today: RVNL, HFCL, Gujrat Gas, Hudco, Lupin, Hexware Tech
Stock to Watch today, June 18: ZF Commercial Vehicle Control Systems India, Lemon Tree Hotels, Anik Industries, and Balkrishna Industries are among the top stocks to remain in focus
Hudco mulls $1 billion foreign debt under RBI forex swap facility
Hudco aims to secure one billion dollars in foreign debt. This will be achieved through the Reserve Bank of India's concessional forex swap facility. The company is engaging with international entities for this fundraising. This move supports Hudco's lending and business growth requirements for the current financial year.
Hurdles behind India's supertall buildings & vertical ambitions
India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.
Maharashtra govt decentralises land approval powers to speed up projects
Maharashtra's government has boosted the powers of district collectors and divisional commissioners. This move aims to speed up approvals for government land deals. It will help accelerate investment and redevelopment projects across the state. This reform is expected to simplify processes and boost development. It will benefit housing, industrial, and infrastructure projects significantly.
Puravankara Bengaluru housing project: Realty firm signs joint development agreement for Rs 1,100 Crore at Doddagubbi
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
Farmhouses, plots near Delhi NCR see demand surge as city homes get costlier
Homebuyers and investors are increasingly drawn to plotted developments and farmhouse communities within a two-hour drive of major cities. Rising urban housing costs are fueling this trend. Areas like Sonipat, Panipat, and Faridabad in NCR are seeing significant plotted development activity. Naugaon in Rajasthan is emerging as a popular destination for farmhouse projects.