Indian realty sector records 25 deals worth $1.4 bn in Q3

18 Oct 2024 CW Team

The Indian real estate sector reported 25 deals totaling $1.4 billion in the September quarter, largely fueled by Qualified Institutional Placement (QIP) issues from developers, according to a report by Grant Thornton Bharat titled "Real Estate/REITs Dealtracker."

The report indicates that this quarter achieved robust deal volumes, setting an all-time high for the number of deals and marking the second-highest total value since Q2 2023. The surge in deal values was mainly attributed to QIP activities, alongside private equity funding in residential and commercial segments, and investments in real estate technology companies.

Among the activities, the report noted eight mergers and acquisitions (M&A) deals valued at $51 million. In the private equity and venture capital (PE/VC) space, there were 12 deals totaling $401 million.

Despite a significant decline in private equity deal values from $1.4 billion in Q2 to $0.4 billion in Q3, the number of deals remained stable, highlighting ongoing interest in smaller, targeted investments. The quarter also featured one initial public offering (IPO) worth $49 million and four QIPs totaling $940 million.

The third quarter saw heightened capital market activity, with one IPO raising $49 million and a notable increase in QIP activity—four deals worth $940 million, nearly six times the value from Q2. A significant transaction was Prestige Estates, which raised $602 million through QIP.

This trend reflects growing confidence in real estate firms' capacity to access public markets. Looking forward, Shabala Shinde, Partner and Real Estate Leader at Grant Thornton Bharat, noted that while stronger deal activity is anticipated in Q4 (October-December), recent fluctuations in the Sensex and broader capital markets may dampen short-term investor enthusiasm.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..