RBI’s Upcoming Monetary Policy Announcement: Implications for the Housing Market

The RBI’s forthcoming monetary policy announcement could reshape the housing market landscape in India. A possible repo rate cut may lower home loan interest rates, making EMIs more manageable for buyers. With property prices rising significantly, the impact on affordability and investor sentiment will be closely monitored.

Arkade Developers Raises ₹122.40 Crore Ahead of IPO

Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.

Microsoft Invests ₹520 Crore in Prime Pune Land Parcel

Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi for ₹519.72 crore, marking a significant investment in India’s commercial real estate sector. This purchase, registered in August 2024, is part of Microsoft’s broader strategy to enhance its data center operations and infrastructure across key Indian IT hubs, following similar investments in Pimpri-Chinchwad and Hyderabad.

Marudhar Rocks International Secures INR 150 Crores Investment from Bharat Value Fund

Marudhar Rocks International has successfully secured INR 150 crores from Bharat Value Fund, gaining a 6.5% equity stake. This investment values the company at approximately INR 2300 crores and will aid in enhancing Marudhar’s production capabilities and global market presence.

Regency Ceramics Expands Production with Segno Ceramics Buyout

**Regency Ceramics Expands with Segno Ceramics Acquisition** Regency Ceramics has acquired Segno Ceramics in Bapatla, Andhra Pradesh, effective August 22, 2024. The all-cash deal gives Regency control over a 50-acre facility with a production capacity of 3.6 million square meters per year, enhancing its ability to produce Glazed and Polished Vitrified Tiles. This move aligns with Andhra Pradesh’s industrial growth goals and supports Regency’s revenue target of ₹100 crore in the coming year.