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Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.
Parag Munot, Kalpataru

Kalpataru Limited IPO to Open on June 24 at Price Band of ₹387–₹414 Per Share

Kalpataru Limited will open its ₹1,590 crore IPO on June 24, 2025, with a price band of ₹387–₹414 per share. The issue includes a fresh issue of equity shares and offers a ₹38 discount for eligible employees. Shares will be listed on both NSE and BSE.
Rural housing demand and price recovery are expected to help India’s cement industry regain decadal average profitability in FY26, with improved cash flows and stable credit outlook.

Cement Prices Rise by ₹45–50/Bag in South India | JM Financial Flags Uptrend in Sector Outlook

Cement prices in South India have increased sharply by ₹45–50 per bag in Q1FY26, as per JM Financial’s latest sector report. The firm pricing trend reflects a rebound in regional demand and improved supply discipline, with expectations of continued price strength through FY26.
Home loan

Home Loan EMIs to Fall as Banks Cut Lending Rates; Real Estate Sector Set for a Boost

In a major boost to homebuyers and the real estate sector, top Indian banks have reduced lending rates after the RBI’s recent repo rate cut. The move is expected to lower EMIs, revive housing demand, and encourage fresh property investments, especially in key urban markets like Mumbai and Pune.
EOW Mumbai registers FIR against Ecstasy Realty and its promoters for a ₹600 crore financial fraud involving diverted NCD funds for the Parthenon project.

Ecstasy Realty and Promoters Face EOW Probe in Alleged ₹600 Crore Financial Fraud

The Economic Offences Wing (EOW) Mumbai has filed an FIR against Ecstasy Realty Private Limited and its promoters for an alleged ₹600 crore financial fraud. The case, initiated by Edelweiss Asset Reconstruction Company Limited (EARCL), involves the alleged diversion of ₹600 crore raised through secured Non-Convertible Debentures (NCDs) meant for the residential project “Parthenon.” The FIR names key individuals including Shobhit J. Rajan, Naresh Bajaj, Pulin Bole, Pranav Bajaj, and Shivani Verma, along with Prabal Infra Agro Farms Pvt. Ltd. and Maharashtra Eco Green Pvt. Ltd. The EOW is currently investigating the misuse of funds and submission of fake utilization certificates.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.