Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, has got Sebi approval to launch its REIT public offering to raise Rs 4,800 crore fund. Last month, Knowledge Realty Trust (KRT) had raised Rs 1,400 crore from investors ahead of its maiden REIT public issue. In early March, the KRT filed the draft red herring prospectus (DRHP) with Sebi to launch an initial public offering (IPO) and list the REIT on stock exchanges. This is part of a strategy to monetise its 30 prime office assets across major cities. According to sources, KRT received Sebi approval to launch its REIT- IPO, which is scheduled to hit the capital markets in the first week of August. The company plans to raise Rs 4,800 crore through the public issue as it has already raised Rs 1,400 crore from investors, they added. Sattva Group spokesperson declined to comment. The company will start the roadshow this week, and the price band is likely to be announced on August 30. KRT is set to become India's largest REIT by gross asset value (around Rs 62,000 crore). Blackstone, one of the leading global investment firms, has a huge exposure in the Indian real estate market. The two sponsors have decided to adopt brand brand-neutral strategy to grow the KRT portfolio inorganically through third-party acquisitions. Since their inception, these REITs have collectively distributed over Rs 21,000 crore to unitholders.
 

Sundaram Home Finance Ltd has reported a marginal decline in its net profits at Rs 62 crore for the April-June 2025 quarter, the company said on Saturday .The city-based company had registered a net profit of Rs 66 crore during the corresponding quarter of the last financial year. The disbursements made during the quarter under review grew to Rs 1,488 crore, as compared to Rs 1,353 crore disbursed during the same quarter of the last financial year. Sundaram Home Finance recorded a jump on its Assets Under Management (AUM) at Rs 18,027 crore as on June 30, 2025 from Rs 14,533 crore registered as on June 30, 2024, the company said in a statement here. During the June quarter, the company expanded its presence in Madhya Pradesh by opening two more new branches in Ratlam and Pithampur. Sundaram Home Finance is a wholly owned subsidiary of city- headquartered non-banking finance company Sundaram Finance Ltd. It provides home and plot loans, loans against property among others. The company has over 150 branches across the country.
 

Aadhar Housing Finance has reported a growth of 18.56 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ?237.28 crore in Q1 FY26 as against ?200.14 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ?851.34 crore in Q1 FY26, a growth of 19.38 per cent from ?713.15 crore it recorded in the similar quarter last year. Rishi Anand, MD & CEO of the company said, “We concluded the first quarter of FY26 on a strong note with an AUM of ?26,524 crore, reflecting a year-on-year growth of 22%. Disbursements remained healthy at ?1,979 crore, up 32% year-on-year, supported by sustained demand in the affordable housing segment. Profit after Tax (PAT) for the quarter stood at ?237 crore, marking a year-on-year growth of 19%." Assets under management (AUM) grew by 22% to ?26,524 crore as of 30th June 2025 from ?21,726 crore as of 30th June, 2024 while total number of loan accounts reached over 3,06,000. As on June 30, 2025, the company's net worth stood at ?6,616 crore, return on assets (ROA) stood at 4% and gross NPA stood at 1.34%.
 

Greater Chennai Corporation removed 2 lakh tonnes of construction and demolition (C&D) waste in the past six months across all 15 city zones. The clean-up, which began on Jan 7, was initially carried out in seven zones but later expanded to all zones after a legal dispute was resolved. The effort, supported by Premier Precision Surface, now involves 168 vehicles, including earthmovers, tipper lorries, and compact trucks. On an average, about 1,000 tonnes of waste is cleared every day. Officials said the waste is sent to recycling centres at Kodungaiyur and Perungudi, where it is sorted and reused as paver blocks for pedestrian plaza construction on Khader Nawaz Khan Road at Nungambakkam and MC Road in Royapuram. GCC also developed an app to help identify waste locations, seek approval, and upload photos after removal. New guidelines for the disposal of C&D waste came into effect on April 21. Residents are urged to follow these norms, and awareness campaigns  and training sessions have been conducted. Fines totalling 39.3 lakh were collected from violators since Jan. This operation helped clear debris from roads, residential areas, and commercial zones, preventing accidents and improving hygiene. Details of the guidelines are available on the GCC website and helpline 1913. The top contributors to waste removal include Teynampet (20,589.15 tonnes), Adyar (20,199.21 tonnes), and Anna Nagar (18,114.32 tonnes). 
 

Bajaj Housing Finance has reported a growth of 20.86 per cent in its net consolidated profit in the first quarter of the financial year 2025-26. The company's profit after tax stood at ?583.30 crore in Q1 FY26 as against ?482.61 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ?2,618.45 crore in Q1 FY26, a growth of 18.55 per cent from ?2,208.73 crore it recorded in the similar quarter last year. As of June 30, 2025, the company's net worth stood at ?20,508.37 crore, debt-equity ratio was 4.31, total debts to total assets was 0.81, gross non-performing assets (NPA) was 0.30%, net NPA was 0.13%, capital to risk-weighted assets ratio was 26.94% and liquidity coverage ratio was 210.57%. The company's assets under management (AUM) grew by 24 per cent to ?1.20,420 crore as of 30 June 2025 from ?97,071 crore as of 30 June 2024. Loan losses and provisions for Q1 FY26 was ?41 crore as against ?10 crore in Q1 FY25. Provisioning coverage ratio on stage 3 assets at 56%.
 

Cement maker Dalmia Bharat Ltd on Tuesday reported a nearly three-fold increase in its consolidated net profit of Rs 395 crore in the June quarter, mainly helped by improved sales realisation and reduction in expenses. The company had posted a net profit of Rs 145 crore in the April-June quarter a year ago, according to a regulatory filing from Dalmia Bharat. However, its revenue from operations was almost flat at Rs 3,636 crore in the June quarter. It stood at Rs 3,621 crore in the corresponding period of the previous fiscal. Dalmia Bharat's sales volume increased 5.8 per cent to 7.4 million tonnes (MT) in the June quarter. Beginning of this year marks a recovery in cement realisations in our key markets, which has helped us deliver robust EBITDA growth, resulting in an EBITDA margin of 24.3 per cent, which is an increase of 5.8 per cent percentage points compared to last year," said its Managing Director & CEO Puneet Dalmia. Besides, its EBITDA (earnings before interest, taxes, depreciation and amortisation) during the quarter improved significantly to Rs 883 crore, indicating a 32 per cent year-on-year (YoY) growth. Backed by a robust balance sheet, a disciplined capital allocation framework and healthy profitability outlook, we are steadily progressing towards our vision of becoming a PAN-India player," the company's Chief Financial Officer Dharmender Tuteja. The company's total expenses were at Rs 3,183 crore, down 5.4 per cent during the period under review. Its total income, which includes other income, stood at Rs 3,685 crore. With an installed capacity of 49.5 MTPA (million tonnes per annum), Dalmia Bharat is the fourth-largest cement manufacturing company in India. Shares of Dalmia Bharat Ltd on Tuesday settled 2.46 per cent higher at Rs 2,319.15 apiece in the BSE.
 

PNB Housing Finance on Monday reported a 23 per cent increase in its net profit to Rs 534 crore for the first quarter ended June 2025. The housing finance firm had earned a net profit of Rs 433 crore in the same quarter of the previous year. The company's total income for the quarter grew to Rs 2,082 crore from Rs 1,832 crore in the corresponding quarter of the previous fiscal year, PNB Housing Finance said in a regulatory filing. Interest income for the quarter was higher at Rs 1,980 crore compared to Rs 1,739 crore a year ago. The net interest income also saw a 17 per cent rise to Rs 760 crore at the end of Q1 2025 against Rs 651 crore in the year-ago quarter. The net interest margin increased to 3.75 per cent compared to 3.65 per cent in the first quarter of the previous year. The gross Non-Performing Assets (NPAs) of the company decreased to 1.06 per cent from 1.3 per cent at the end of June 2024. The company's capital adequacy ratio stood at 29.68 per cent as of June 30, 2025, of which Tier I capital is 28.96 per cent and Tier II is 0.72 per cent compared to 29.50 per cent as of June 30, 2024, of which Tier I capital is 28.43 per cent, it added.
 

In a move aimed at enhancing transparency and fairness in property transactions, the state govt has amended the stamp rule framework to introduce the concept of composite value for apartments and flats, and has also enabled more flexible revisions of guideline values. The new rules, notified on June 23, mark a shift in the way property valuation is conducted in TN. They empower the valuation committee to revise guideline values at any point during the year, rather than waiting for a specific month. "Earlier, revisions were tied to Oct. But if a decision to revise was taken in April, we had to wait. Now, updates can happen whenever needed. But the process has not been changed. District level committees will still be involved in decision making. They also direct officials to consider new parameters while valuing apartments under TN Apartment Ownership Act, 2022, including quality of construction, width of the road, proximity to transport and markets, and amenities provided. All district registrars and sub-registrars have been instructed to implement the changes immediately. The department's online systems will also be updated, and revised values published in the coming weeks. Echoing similar sentiments, J M S Nagarjunan, general secretary, Alliance of Residents Welfare Associations, pointed to the wide gap between guideline and market values in places such as Nanganallur, where land sells for 12,000/sqft but the guideline rate is just 4,500. "This gap encourages black money. If guideline values are increased reasonably, —say to 9,000—it will reduce underhand dealings and reflect realistic pricing," he said, adding that the govt should also consider lowering stamp duty to benefit genuine homebuyers.
 

In a landmark move set to benefit thousands of property owners across Bengaluru, the Karnataka Cabinet has approved the regularization of B-Khata properties issued by the Bruhat Bengaluru Mahanagara Palike (BBMP) up to September 30, 2024. These properties will now be eligible for A-Khata recognition, bringing long-awaited legal clarity and opening access to civic amenities like electricity, water, and sewage connections. access to civic amenities like electricity, water, and sewage connections. following the cabinet meeting. “This step has been taken to bring discipline to the city’s property development ecosystem and control illegal or unregulated constructions,” he stated. B-Khatas have long been a source of legal ambiguity. Originally issued since 2009 for properties that didn’t meet BBMP’s planning or zoning norms, B-Khatas effectively excluded these properties from receiving occupancy certificates (OC), completion certificates (CC), and utility connections. With the issuance of B-Khatas halted from September 30, 2024, the government faced mounting pressure to resolve the status of properties issued such documents in the interim years. Together, these measures represent a significant restructuring of Bengaluru’s urban management framework. By resolving B-Khata disputes and decentralizing municipal governance, the Karnataka government aims to bring greater accountability, better service delivery, and legal clarity to property ownership in one of India’s fastest-growing real-estate markets.
 

Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500 crore ($58 million) as growth capital to support geographic expansion and enhance digital capabilities of Niwas. Founded in 2017, Niwas provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 47,000 low income homeowners and small businesses, it said. Niwas has AUM of over Rs 3000 crore as of 31 March 2025, comprising granular, retail, and secured loans. K.R. Kamath, Chairperson of the newly constituted Board  of Niwas Housing Finance, added: “Niwas is well-positioned to expand access to home ownership in India. As we embark on this renewed journey of Niwas, I am confident that the new board’s collective experience will provide valuable strategic guidance and oversight to the Company, ensuring Niwas scales responsibly, with customer-centricity and prudence at its core.” 
 

Soon, residents can look forward to living closer to work, more housing options, and better civic infrastructure. CMDA's upcoming third master plan is considering a higher FSI in key zones, mixed-use development, and phased upgrades to support compact, vertical growth across the city. Chennai Metropolitan Development Authority (CMDA) is preparing the third master plan (TMP) for the 1,189 sq km of Chennai Metropolitan Area. To reshape Chennai's skyline, the plan proposes higher FSI in targeted zones such as metro corridors, entertainment zones, commercial centres, and industrial belts to boost vertical growth. "We need to make better use of city space — increasing FSI near metros, malls, green zones, and industrial areas in a planned manner, rather than blindly, will help more people live closer to work and transport, while making the most of existing infrastructure, Meanwhile, CMDA is also planning to improve underground amenities to  support vertical growth. "We understand that increasing FSI without adequate infrastructure upgrades — particularly underground sewage, water supply, and roads — could strain already overstretched civic services. We recommend phasing utilities based on carrying capacity," the official. That strategy is valid even today and can be pursued. Another critical issue is the inter-institutional coordination. The onus to make other functional agencies have a sense of ownership for the master plan lies with CMDA," he added. CMDA minister P K Sekarbabu said that the master plan will be rolled out on time.
 

Hoembyers in the city may face delayed possessions as technical glitches and approval baclogs in the chennai Metropolitan Development Authority CMDA portal stall real estates projects. Developers cite repeated processing of Completion Certificates CC particularly for high rise buildings. Builders have raised concerns over persistant technicals issues and administrative delays hampering the apparoval and completion process. The major problem, they say lies in uploading large project flies on CMDA  online portal. Even after obtaining approvals, the release of the sanction plan is often delayed. This affects critical project activities such as bank funding, legal clearances, and on-site work, creating uncertainty for developers, investors, and homebuyers alike. Completion Certificates — essential for handing over finished units — are also delayed, despite developers meeting all clearance requirements. We understand checks for buildings or setback violations, but CMDA staff are now raising objections even for minor architectural fins, claiming they affect setback areas, said a builder. "It now takes 60 to 90 days to get the CC. Even in a clean case, it takes 45 days. Homebuyers are forced to pay EMI without taking possession of their homes," said a builder. A senior CMDA official acknowledged the issue, stating, "We are studying the DTCP software, which seems to be more efficient. The glitches will be addressed." He, however, said that there are issues pertaining to incomplete documentation done by certain architects. "This is a major hurdle. We are planning to conduct training sessions again.