 "Prachi Pisal")
Prachi Pisal
Prachi Pisal
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Page 37 - Prachi Pisal
Adani Ports to raise ₹6,000 crore through NCDs for capex, debt needs
Adani Ports will raise ₹6,000 crore via non-convertible debentures for capex, debt refinancing and corporate use as it targets 1 billion tonnes cargo capacity by 2030
 "Adani Ports to raise ₹6,000 crore through NCDs for capex, debt needs")
Nagarro leases 700,000 sq ft of office space in Gurgaon for GCC operations
German IT firm Nagarro has leased 706,000 sq ft in Gurugram's Sector 18 for its global capability centre, paying ₹2.9 crore monthly rent with a 12-year lease agreement
 "Nagarro leases 700,000 sq ft of office space in Gurgaon for GCC operations")
AVTL IPO to open on May 26, price band fixed at ₹223-235 per share
Price band fixed at Rs 223 to 235 per share; offer to close on May 28; net proceeds to be used for debt repayment, LPG terminal acquisition and general corporate purposes
 "AVTL IPO to open on May 26, price band fixed at ₹223-235 per share")
MMRDA secures ₹1,500 cr loan from BoM for slum redevelopment project
The funding marks Phase 1 of MMRDA's Rs 8,498 crore SRA project to redevelop Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar into a planned residential zo
 "MMRDA secures ₹1,500 cr loan from BoM for slum redevelopment project")
South Indian cities dominate GCC office leasing in Q1 CY25: Report
Bengaluru leads and it is followed by Chennai and Hyderabad; real estate trend spreading to smaller places too
 "South Indian cities dominate GCC office leasing in Q1 CY25: Report")
IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore
IRB Infra reports 13.7% YoY rise in Q4 net profit; FY25 profit surges on exceptional gains, while revenue sees modest annual growth and toll collections beat industry
 "IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore")
Adani Ports, JSW Infra make logistics anchor for cargo growth plans
Leading port companies plan capex, acquisitions to expand in the sector
 "Adani Ports, JSW Infra make logistics anchor for cargo growth plans")
Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy
Singapore govt buys 0.88% in JSW Infra for ₹531 crore
 "Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy")
India's four listed Reits distributed 13% additional funds in Q4 FY25
India's four listed Reits distribute over ₹6,000 crore in FY25 amid strong NOI and rising investor confidence, with Embassy Reit leading the pack at ₹2,181 crore
 "India's four listed Reits distributed 13% additional funds in Q4 FY25")
Lodha Ventures rebrands as Abhinandan Ventures, gives up original trademark
Abhinandan Lodha-led Lodha Ventures has been renamed Abhinandan Ventures in a move the company says reflects its future-focused identity and not linked to family dispute
 "Lodha Ventures rebrands as Abhinandan Ventures, gives up original trademark")
Eternal leases over 84,000 sq ft office space in Mumbai's Andheri
The lease spans five years with a rent escalation clause, includes 57 parking spots, and was registered on 9 May with a fit-out period of 150 days starting 1 May 2025
 "Eternal leases over 84,000 sq ft office space in Mumbai's Andheri")
Shapoorji Pallonji launches over Rs 1,400 crore luxury project in Gurugram
Shapoorji Pallonji Real Estate, Kreeva, and ASK Property Fund launch The Dualis in Sector 46, Gurugram with 198 high-end units and a revenue target of ₹1,400 crore
 "Shapoorji Pallonji launches over Rs 1,400 crore luxury project in Gurugram")
Aditya Birla Real Estate Q4 results: Incurs ₹131 cr loss, revenue down 43%
ABRE reports ₹131 crore loss in Q4FY25 versus profit a year ago; revenue fell 43% YoY, but full-year revenue rose 35%; five launches and ₹8,000 crore in bookings
 "Aditya Birla Real Estate Q4 results: Incurs ₹131 cr loss, revenue down 43%")
Rustomjee Q4 results: Profit more than doubles to ₹65 cr, revenue falls 28%
Rustomjee's Q4 FY25 profit rose 111% Y-o-Y to ₹64.8 crore, even as revenue fell nearly 28%; the company met annual presales guidance and raised FY26 target
 "Rustomjee Q4 results: Profit more than doubles to ₹65 cr, revenue falls 28%")
Maharashtra's new EV policy may take 'toll' on toll operators' cash flows
Toll waivers on major highways may impact cash flows of operators like IRB, but low EV penetration and expected compensation make long-term effect minimal
 "Maharashtra's new EV policy may take 'toll' on toll operators' cash flows")
Nexus Select Trust's Q4 net operating income grows 7% to ₹447 crore
Nexus Select Trust posts strong Q4 with 7% NOI growth and 97.2% occupancy; declares ₹2/unit payout and expects 10% distribution growth in FY26
 "Nexus Select Trust's Q4 net operating income grows 7% to ₹447 crore")
Real estate developers stuck between construction cost wall and soft market
Price rise mainly due to jump in cost of cement, steel, and skilled labour
 "Real estate developers stuck between construction cost wall and soft market")
Amazon India leases 94,000 sq ft office space in Mumbai's Vikhroli
Amazon India entities lease 94,254 sq ft in Godrej Two, Vikhroli East for ₹1.73 crore monthly rent with no security deposit and 5 per cent annual rent escalation
 "Amazon India leases 94,000 sq ft office space in Mumbai's Vikhroli")
Private equity, M&A drive 3x jump in real estate capital in FY25
Real estate sector raises ₹32,852.6 crore in FY25 from 17 deals as Reits and InvITs gain traction, despite underperformance of listed realty stocks
 "Private equity, M&A drive 3x jump in real estate capital in FY25")
Ravi Infrabuild files papers with Sebi to raise Rs 1,100 cr through IPO
Udaipur-based company will use proceeds to invest in subsidiaries and repay borrowings
 "Ravi Infrabuild files papers with Sebi to raise Rs 1,100 cr through IPO")