Latest news with #ShivamAgarwal
Time of India
01-08-2025
- Business
- Time of India
Real estate undergoes structural reset with financial discipline and equity-led growth
Property developers are sharpening their focus on deleveraging, creating healthy balance sheets, and increasingly opting for equity over high-cost debt. Last fiscal year, 62% of the top 50 listed developers reported debt-to-equity (D/E) ratios below 0.5 -- an improvement from 43% in FY21. Also, the share of firms with D/E ratios above 1.0 fell sharply to 17%, signalling a clear pivot towards financial conservatism, according to real estate services firm Colliers. 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The improving financial health of developers has sparked renewed confidence among banks and equity investors. Since 2021, realty firms have raised nearly Rs 40,000 crore through IPOs, with Rs 7,630 crore raised via seven IPOs in the first half of 2025 alone. The momentum builds on a strong 2024, when nine IPOs garnered Rs 13,800 crore. Some of the large IPOs this year include Schloss Bangalore (Leela Hotels), Kalpataru , and Brigade Hotel Ventures . Others, like WeWork India, Bhive Workspaces, and Prestige Hospitality Ventures, are actively preparing for market entry. Knowledge Realty Trust, backed by Sattva Group and Blackstone, also secured Sebi approval for a Rs 4,800 crore REIT. The diverse range of listings underscores broadening investor appetite across asset classes, from residential and hospitality to co-working and alternative REIT platforms. 'India's real estate sector continues to show resilience and financial prudence despite global uncertainties. The rising number of credit rating upgrades in FY25 compared to other sectors is a testament to the sector's evolving strength,' said Badal Yagnik, CEO, Colliers India. According to Colliers, the realty sector's equity-led funding strategy is a deliberate pivot to reduce reliance on high-cost, short-tenure debt. 'This change is not accidental, it reflects conscious efforts by developers to strengthen governance, consolidate at the SPV level, and tap institutional capital for long-term growth,' said Shivam Agarwal, vice president, strategic growth, Sattva Group. The banking sector responded positively too. Gross bank credit to real estate nearly doubled to Rs 35.4 lakh crore in FY25 from Rs 17.8 lakh crore in FY21, raising the sector's share of overall bank credit to 19.4% from 16.3%. The gross non-performing asset (GNPA) ratio in construction plunged to 3.1% this March, from 23.5% in March 2021, underscoring improved asset quality and the viability of new projects. However, NBFC lending remains below pre-IL&FS levels. It is gradually recovering, rising to Rs 1.3 lakh crore as of September 2024 from Rs 1 lakh crore in FY21. The bulk of new funding is now coming from commercial banks, reflecting the sector's enhanced compliance and governance standards. The sector's improving creditworthiness has also drawn recognition from rating agencies. According to an internal analysis by a top credit rating firm, the upgrade-to-downgrade ratio for real estate issuers surged to 23:1 in H2 FY25, compared to just 2.3:1 for the broader economy. In FY25, 66% of the top listed real estate companies reported operating margins above 20%, up from 55% in FY21, while firms with net profit margins above 10% jumped to 62% from 23%. These gains have been powered by firm pricing, strong end-user demand, and cost control. 'The improving credit profile of the sector is underpinned by strong demand-supply dynamics across segments, residential, commercial, retail, hospitality, and industrial,' said Yagnik. 'The near-to-medium-term outlook remains robust, backed by both domestic and global investor interest.' Experts believe regulatory nod for small and medium REITs (SM-REITs) is expected to democratise retail participation in high-yielding real estate assets such as industrial parks, co-living spaces, and student housing. 'Indian real estate is no longer a cyclical bet -- it is being seen as a restructured, institution-friendly sector,' said Jasmeet Chhabra, partner and cofounder, JV Ventures. 'As the ecosystem deepens, we expect broader participation from institutional and retail investors alike.'
Hans India
08-05-2025
- Health
- Hans India
Sattva Group Partners with Sankalp India Foundation to Launch Blood Donation Drive on World Thalassemia Day
Bengaluru: In a landmark effort to make a meaningful impact on World Thalassemia Day, Sattva Group, one of Bengaluru's leading real estate developers, has partnered with the esteemed Sankalp India Foundation to launch a series of blood donation drives across its IT parks in the city. This initiative is aimed at supporting patients battling thalassemia, a critical genetic blood disorder that necessitates regular blood transfusions for survival. Initiated on World Thalassemia Day, this significant campaign will unfold over the next three months across Sattva's IT campuses in Bengaluru, beginning with Sattva Knowledge Court and Sattva Mind Comp Tech Park. Thalassemia affects the body's ability to produce hemoglobin and red blood cells, making frequent transfusions a non-negotiable part of treatment. Thus, this drive is more than just a collection of blood donations—it's a call to the corporate community to unite and address the urgent need for a stable supply of safe blood. Despite being one of the most common genetic disorders in India, with over 10,000 children born with thalassemia major each year, awareness remains limited. This drive is more than just a collection of blood donations; it's a call to the corporate community to unite in ensuring a stable supply of safe blood for those in need. 'Our partnership with Sankalp India Foundation acknowledges the profound reality that surrounds us—right now, real people in our communities are facing challenges that we can help solve," stated Shivam Agarwal, VP of Strategy Growth at Sattva Group. "We invite all corporate entities within our campuses to join us because countless individuals await critical support—from life-saving blood donations to the fundamental resources necessary for their wellbeing. These are the ongoing realities of people in our community. Corporate India must recognize that our collective strength, when channeled with purpose, can transform lives and create lasting impact. Together, we can bridge gaps and create meaningful change that makes tomorrow better than today for those who need it most' Each blood donation camp will offer pre-donation health checks, enlightening sessions about thalassemia, and expert medical support to ensure a safe and seamless process for donors. Participants will receive educational materials illustrating how one unit of blood can profoundly change lives. 'We are immensely grateful to Sattva Group for their proactive approach in supporting our cause,' said *Rajat Kumar Agarwal, President Sankalp India Foundation. "We are honoured to partner with the Sattva Group for the voluntary blood donation campaign. This collaboration marks a powerful step towards solving one of the most urgent needs of thalassemia care: access to safe, regular blood transfusions. With the support of Sattva Group, we are working to ensure a steady, dependable blood supply for more than 2,500 thalassemia patients across our nationwide network of day care centres. For these children, every transfusion is not just a treatment, it's a lifeline. Every unit of blood donated is a gift of strength, of hope, of life itself. We invite everyone to be part of this movement and stand with these young fighters who battle thalassemia every single day." By donating blood, professionals become part of a movement that extends compassion beyond the workplace and directly supports those battling thalassemia. Together, Sattva Group and Sankalp India Foundation invite the corporate community to participate in this essential initiative.
