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Sowparnika Projects eyes Rs 500 crore fundraise to double revenue
Sowparnika Projects is in advanced talks to raise Rs 500 crore for expansion, aiming to develop 5.5 million sq ft across South India over the next two years. The real estate firm targets doubling its turnover to Rs 1,500 crore by FY2026-27, with a focus on the mid and upper-mid residential market.
Sowparnika Projects in talks to raise Rs 500 cr for expansion
Sowparnika Projects is in advanced talks to raise ₹500 crore from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital to fund its expansion across South India. The company plans to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years and aims to nearly double its revenue to ₹1,500 crore by FY27.
Arisinfra signs ₹800 crore materials supply pact with Capacit’e Infraprojects for 5 years
As per the agreement, Arisinfra will supply materials for various infrastructure, commercial, and real estate projects undertaken by Capacit’e Infraprojects and its subsidiaries or associates.
NCLAT upholds project-specific insolvency action for realty firms
Homebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law Appellate Tribunal has ruled that extending these proceedings to other projects of the company is not beneficial for homebuyers or other stakeholders. This decision ensures that unrelated projects are protected.
NCLAT reaffirms project-specific insolvency proceedings against realty firms
The National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the project with the default. This decision prevents unrelated projects from being affected. The tribunal emphasized that this approach protects the interests of homebuyers and stakeholders in other developments.
Godrej Properties shares gain after surpassing bookings guidance for FY26 but collections miss
Godrej Properties said it added 18 new projects in FY26 with a total estimated booking value potential of ₹42,100 crore for a total estimated saleable area of around 33.32 million square feet. This included six new projects in the fourth quarter with an expected booking value of ₹17,450 crore for a total estimated saleable area of around 11 million square feet.
BEML, Delhi Metro Rail Corp partner to bid for rail, metro projects
BEML signs MoU with DMRC to jointly bid for rail and metro projects in India and abroad, leveraging manufacturing and execution strengths to expand in urban mobility markets.
L&T set to win its fifth-largest order, CLSA calls it 'cheapest' largecap industrial stock
L&T beat BHEL to win the 3.2 GW of power projects to sustain its FY26 49% share in FY27 as well, according to the brokerage note from CLSA. However, the company is yet to make an official announcement in this regard.
Vikran Engineering Secures MSEDCL Power Projects | Great Eastern Shipping Sells Tanker Vessel | Top Buzzing Stocks Today - Equitymaster
Vikran Engineering Secures MSEDCL Power Projects | Great Eastern Shipping Sells Tanker Vessel | Top Buzzing Stocks TodayEquitymaster
Road ministry raises construction timelines for NH projects to up to six years
These normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement, construction (EPC) mode, hybrid annuity model (HAM) or build-operate-transfer (BOT) mode on or after May 6, 2026, the ministry of road transport and highways said in a circular issued on Monday.
YRF Entertainment appoints top streaming strategist Saugata Mukherjee as head of content
YRF Entertainment has announced the appointment of Saugata Mukherjee as its new Head of Content, signaling a bold new chapter for the company. Mukherjee, known for his dynamic content strategy developed during his tenure at SonyLIV and HBO Max, will spearhead the creative direction of YRF's film and series projects. Yogendra Mogre will maintain his role as Executive Producer.
Govt approves 104 projects worth Rs 271 crore for 6G tech research: Mos Telecom
India is advancing towards 6G technology. The government has approved 104 projects valued at Rs 271 crore for research and development. This initiative is part of the Bharat 6G Vision, aiming to position India as a global leader by 2030. The government is also establishing 5G Use Case Labs and supporting test beds to foster innovation and build future capabilities.