First Pass

9 stories from 2 sources

REITs deepen their role in India’s property market

Day’s Recap

Supporting Articles

India's six listed REITs distributed ₹3,136 crore to more than 4.85 lakh unitholders in Q1 FY27. Their combined gross assets under management exceeded ₹3.17 lakh crore, while market capitalisation stood above ₹2.17 lakh crore as of August 11, 2026.

8:40 AMEconomic Times Realty

Puravankara's Q1 FY27 revenue rose 63% year on year to ₹877 crore, while profit after tax reached ₹25 crore after a loss in the previous year. Pre-sales increased 28%, the company delivered 745 homes, and Bengaluru land transactions added ₹5,200 crore in gross development value.

8:08 AMEconomic Times

Puravankara reported a 63% year-on-year increase in Q1FY27 revenue to ₹877 crore, while profit after tax turned positive at ₹25 crore and EBITDA margin rose to 25%. Pre-sales increased 28% to ₹1,439 crore and collections grew 40%, prompting a sharp rise in the company's shares.

1:31 AMEconomic Times

The Enforcement Directorate has urged homebuyers to report builders who conceal RERA registration details, seek cash payments or make unsupported promises. It also advised buyers to verify RERA records and property titles, following a provisional asset attachment linked to alleged real-estate fraud.

11:27 PMEconomic Times Realty

Other Developments

A curated list of other prominent stories from this day.

Horizon Industrial Parks' Rs 2,600 crore IPO received 14% subscription on its first day of bidding and is priced at Rs 57 to Rs 60 per share. The Blackstone-backed company plans to use most of the proceeds to repay debt, while the grey market premium stood at 3%.

11:14 PMEconomic Times

Bain Capital sold more than 53 million units, representing a 5.64% stake in Embassy Office Parks REIT, for Rs 2,325 crore. The REIT plans to acquire 10 million to 12 million square feet of additional office space and develop 6.2 million square feet, after reporting 17% annual growth in net operating income.

11:37 AMEconomic Times

India's REIT and InvIT assets under management could grow two to three times by 2030, according to an Ionic Wealth chartbook. The projected expansion rests on low penetration across multiple real estate and infrastructure segments.

8:05 AMEconomic Times

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