The country's first set of residential mortgage-backed securities was listed on the market on Monday, and the housing finance regulator stated that it expects various firms to raise over ?10,000 crore through this route during the current financial year.

A development company promoted by the regulator listed the first tranche of ?1,000 crore in securities, maturing in 20 years, carrying a monthly coupon of 7.26%.

A senior official from the regulator said that up to ten additional transactions are likely this year, enabling lenders to mobilize between ?10,000–12,000 crore.

The first listing consists of pass-through certificates backed by a pool of residential loans, and the issue was fully subscribed.

The development company was established earlier this year to help housing financiers secure funding by assigning future receivables from loans to investors. The initiative will also create new investment opportunities for long-term institutional investors such as pension and insurance funds.

The official added that discussions are ongoing with several housing finance entities to prepare additional pools of loans for future listings, with another tranche of ?1,000 crore expected next month.

Additionally, the regulator plans to raise up to ?60,000 crore through bonds in FY26, compared to ?48,000 crore in the previous year.

A housing finance firm reported a 21% increase in net profit, reaching ?245 crore in the fourth quarter of 2024–25. The profit in the same quarter last year was ?202 crore.

Total income for the quarter rose to ?834 crore, compared with ?692 crore in the year-ago period, according to a regulatory filing. Interest income increased to ?722 crore, up from ?596 crore in the same period last year.

Total expenses grew to ?517 crore, compared with ?433 crore a year earlier. Gross non-performing assets stood at 1.05% as of March 31, 2025, slightly lower than 1.08% at the end of the corresponding quarter in the previous financial year.

The board has also approved the appointment of a new independent director who previously held leadership roles in the national housing sector and contributed to several key initiatives related to affordable and low-income housing.

India’s ageing office properties present a major value-creation opportunity, with strategic retrofitting capable of unlocking ?1.2–1.6 lakh crore in capital value, according to a recent industry report.

The report estimates that such upgrades could boost asset values by 25–40% across major commercial micro-markets.

To achieve this, an investment of ?30,000–40,000 crore would be required, depending on the extent of upgrade work. This includes structural strengthening, façade improvements, HVAC modernisation, sustainability upgrades, and the addition of employee-focused amenities. Well-planned retrofits can offer a 3–5 year payback period, supported by higher occupancy, better lease terms, and improved tenant retention.

The study notes that approximately 160–180 million sq ft of India’s office stock is over ten years old and may require refurbishment or complete repositioning. With workplace expectations evolving quickly — including demand for sustainability, wellness features, and smart technology — retrofitting has become a high-return strategy for property owners.

Post-retrofit, asset value enhancement may reach up to 40% in select markets, while rental appreciation could range between 15–35%, depending on location and quality of upgrades.

Energy-efficient improvements such as HVAC optimisation, LED lighting, and advanced water systems can also cut operating costs by 20–30% over time. Beyond financial benefits, retrofits help owners align with environmental and sustainability standards, secure green certifications, and strengthen the long-term performance of their assets.

A housing finance company operating in the affordable housing segment across multiple states has reported its annual financial results, showing strong growth in assets under management (AUM) and stable asset quality.

For the twelve months ending March 31, 2025, the company posted total revenue of Rs. 94.96 crore, a 54% year-on-year increase. Profit after tax (PAT) rose 25% to Rs. 11.10 crore, compared to Rs. 8.88 crore in FY2023-24. During the fourth quarter, the company recorded revenue of Rs. 27.89 crore and PAT of Rs. 2.93 crore, up from Rs. 19.34 crore and Rs. 2.74 crore in Q4 FY2023-24.

AUM grew to Rs. 520.70 crore as of March 31, 2025, up from Rs. 426.86 crore — a 22% increase, driven by demand for affordable home loans.

Business Highlights:

• Disbursed Rs. 148.60 crore in housing loans to over 1,250 homebuyers across 30+ locations in Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil Nadu, and NCR.

• Executed first successful direct assignment worth Rs. 55.83 crore.

• Interest income grew 47% year-on-year, with a Net Interest Margin (NIM) of 7.69%.

• Asset quality remained stable: GNPA at 1.84% and NNPA at 1.40%.

• Raised Rs. 145 crore in incremental liability from banks and financial institutions to support loan book growth.

• Net worth stood at Rs. 143.87 crore with leverage of 2.81x.

The company provides long-term housing finance assistance to economically weaker sections (EWS) and low-income groups (LIG) for the purchase or construction of affordable housing units across its operational geographies.

Property owners in Bangalore Development Authority (BDA) layouts have erupted in anger over what they see as an "irrational" and "abnormal" rise in property taxes ranging from 9% to 51% for 2025-26. This is the steepest increase ever, property owners said as the BDA plans to net about Rs 100 crore from the two layouts that it is still managing. The hike, which the BDA quietly introduced in its property tax portal without prior notice, has triggered strong reactions as many property owners felt the BDA's conviction does not go beyond extracting taxes. The authorities look the other way when it comes to delivering any commensurate services, they alleged. The ground realities at NPKL are in sharp contrast to what the senior BDA officials claim in the media. They are either ignorant about the incomplete work or are trying to hide the facts," said Shankar, a 56-year-old plot owner at Block 3 of NPKL. "Many people are prepared to build houses if the authorities focus on beefing up infrastructure rather than on adding to taxes." The BDA tax hike is the latest in a series of price increases the govt has announced including on milk, petrol, bus and Metro fares, electricity tariff, stamp duty on non-registrable documents, and guidance value of properties.
 

The state government has issued detailed guidelines to identify beneficiaries and construct houses for people currently living in huts under a rural housing scheme. An allocation of ?3,500 crore has been made to build one lakh houses.

As per the guidelines issued by the rural development and panchayat raj department, only households with proper ownership documents, legal inheritance, or patta will be eligible. A recent survey identified around eight lakh huts in the state.

Houses located on objectionable poramboke land, huts occupied by tenants, huts used for commercial purposes, huts with RCC or metal sheet roofs, and occupants who own another house elsewhere will not be eligible for the scheme.

Each house will have a minimum plinth area of 300 sq ft, including a living room, kitchen, bedroom, toilet, and tiled roof, along with water and power connections. In grouped areas, the government will also provide supporting infrastructure such as roads, street lights, drinking water facilities, and public toilets. The walls will be painted in a combination of rose blush, camouflage brown, with armour-colored joineries.

An assistance of ?12,000 will be provided under the national sanitation mission to households for constructing toilets in individual habitations.

The scheme, originally launched in 2010, also aligns with national efforts to construct houses for nomadic communities and scheduled tribes. The aim is to eliminate encroachments and ensure all beneficiaries have hygienic living conditions.

A real estate investment trust (REIT) reported a 16% increase in net operating income (NOI) to ?488.5 crore for the quarter ended March and announced a distribution of ?319 crore to unitholders. In the year-ago period, the NOI was ?422 crore.

The distribution for the March quarter, ?319.1 crore (?5.25 per unit), is 10.5% higher than the corresponding quarter of the previous fiscal year. For the full 2024-25 fiscal year, NOI grew 37% to ?1,854 crore from ?1,350 crore in the previous year. Total distributions for the year were ?1,053.7 crore (?19.25 per unit), an 8.5% increase over 2023-24.

The REIT achieved gross leasing of approximately 3 million sq ft, including 2.2 million sq ft of new leases and 0.8 million sq ft of renewals. Over 50% of the leasing occurred in SEZ properties, reflecting steady demand recovery.

The REIT manages 10 Grade A assets across major cities including Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its portfolio includes 29 million sq ft of total leasable area, comprising 24.5 million sq ft of operating area, 0.6 million sq ft under construction, and 3.9 million sq ft of future development potential.

The residential real estate market in the city and its surrounding areas has started 2025 on a positive note, showing strong recovery and rising buyer confidence. A recent industry report highlighted sharp growth in registrations, steady sales of residential units, and a resilient housing market during the January–March 2025 period.

Projects nearing completion or ready-to-occupy continued to be preferred among buyers. Recent reductions in the repo rate by the Reserve Bank of India, along with revised income tax slabs, have further boosted buyer sentiment, particularly among first-time homebuyers.

Sales of residential units grew 7% quarter-on-quarter to 3,783 units, and showed a 27% year-on-year increase. Southern suburbs accounted for the majority of project registrations, driven by improved infrastructure, including the Metro Phase II project.

The report noted that the government's focus on inclusive urban development and new infrastructure investments in suburban corridors is enhancing livability and making homeownership more accessible. This momentum is expected to continue into the next quarter, with infrastructure-led locations attracting renewed interest from investors and end-users.

The city’s residential property market saw a sharp reacovery in the first quarter of 2025, with unit registrations rising 88% quarter-on-quarter to 8,042, according to data released by Confederation of Real Estate Developers  Associations of India (CREDAI) Chennai. The figure also represented an 11% year-on-year increase, signalling sustained momentum in buyer activity. The members of CREDAI were responsible for 92% of total registrations in the quarter. The group registered 7,412 units in Q1, up 17% from a year earlier, according to the data. Sales volumes also improved, increasing by 7% from the previous quarter and 27% compared to Q1 2024, reaching 3,783 units. Buyer preference continued to tilt towards ready-to-occupy or near-completion properties.  Analysts attribute the buoyancy in part to recent monetary and fiscal measures, including a reduction in the Reserve Bank of India’s policy rate and revisions to income tax slabs that have boosted affordability, particularly for first-time buyers. The number of new residential projects registered in Chennai stood at 61, down from 78 in the same period last year. Unsold inventory in completed projects remained stable at 7,872 units, suggesting a relatively balanced supply-demand dynamic.

Akshaya Tritiya proved to be a golden opportunity not just for jewellers but also for Tamil Nadu's real estate sector. On Wednesday, the state registration department recorded a historic high with registration of 27,440 property documents in a single day and generating a record-breaking revenue of Rs 272.87 crore. According to commercial taxes and registration minister P Moorthy, the occasion marked the most lucrative single day in the department's history, surpassing the previous record set on Feb 10, 2025, when 23,421 documents were registered, yielding 237.98 crore. Traditionally celebrated as an auspicious day for buying gold and launching new ventures, Akshaya Tritiya has increasingly become a preferred occasion for property investments. In anticipation of the heightened demand, the department implemented several proactive measures. Based on public feedback, it expanded pre-booking slots across registration offices. Offices with one sub-registrar increased capacity from 100 to 150 slots, while those with two sub-registrars increased slots from 200 to 300. At 100 high-volume offices, regular booking slots were raised from 100 to 150. The number of immediate booking slots was also increased from 12 to 16 to facilitate smoother public access. These steps helped streamline operations and ensured that the surge in footfall on the auspicious day did not disrupt the registration process. Chennai topped the list in the state and South Chennai witnessed more registrations within the city, said an official from the registration department. A Mohammed Ali, president of CREDAI Chennai, said market sentiment remains strong. "Many home buyers prefer registering property on Akshaya Tritiya, and we've seen a rise in enquiries for home purchases on this date. 
 

To curb air pollution caused by construction activities, the city municipal corporation has unveiled a standard operating procedure (SOP) requiring builders to install dust barriers and cover waste sprays to control dust. Violators of these regulations will face fines ranging from ?10,000 to ?5 lakh, depending on the site size and severity of the violation.

The city generates at least 6,150 metric tonnes of solid waste daily, along with around 800 metric tonnes of construction and demolition (C&D) waste. Construction companies are often found handling C&D waste improperly, including transporting it without following proper procedures.

Under the SOP, for project sites up to one acre, 6-metre-high metal or sheet barricades must be installed around the site to prevent dust and debris from spreading. For sites larger than one acre, buildings taller than 70 metres, or all ready-mix concrete (RMC) plants, metal barriers 10 metres high must be installed.

With the issuance of these guidelines, the public has urged authorities to strictly enforce penalties to ensure compliance and minimize dust and waste pollution from construction sites.

A housing finance company reported a 25.3% growth in net consolidated profit for the quarter ended March 31, 2025. Profit after tax stood at ?550.38 crore in Q4 FY25, up from ?439.25 crore in the same quarter of the previous fiscal.

The company’s net consolidated total income rose 12.3% to ?2,036.78 crore, compared to ?1,813.97 crore in Q4 FY24.

The retail loan portfolio grew 18.2% year-on-year to ?74,802 crore, driven by growth in affordable and emerging markets. The affordable segment crossed a significant milestone of ?5,000 crore during the year. Gross NPA improved to 1.08% as of March 31, 2025, from 1.50% a year earlier. Return on Assets (RoA) increased by 35 basis points to 2.55% for FY25.

The loan portfolio grew 16% year-on-year to ?75,765 crore, while assets under management (AUM) rose 13% to ?80,397 crore as of March 31, 2025. The company also recovered ?336 crore from its written-off pool in FY25.

Capital Risk Adequacy Ratio (CRAR) stood at 29.38%. Loan yield was 10.03% in Q4 FY25, compared to 10.08% in Q4 FY24, while the cost of borrowing was 7.84%, compared to 7.98% in the previous year. The spread on loans improved to 2.19%, from 2.10% in Q4 FY24.