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Equities, Markets - February 26, 2025

Adani, Ambani to invest Rs. 50,000 Cr. in Assam

Adani, Ambani to invest Rs. 50,000 Cr. in Assam

 

Overview

At the Advantage Assam 2.0 Summit, Adani and Reliance Industries each pledged to spend Rs 50,000 crore in Assam. Among other projects, Mukesh Ambani revealed plans for an Al-ready Data Center. The Adani Group will invest in a number of areas, such as renewable energy and infrastructure. JSW and Tata are also expected to make large investments in the state.

 

Huge investment promises

Advantage Assam 2.0 Investment & Infrastructure Summit 2025 got underway in Guwahati on Tuesday with Reliance Industries Limited and the Adani Group having pledged to invest Rs 50,000 crore and Rs 50,000 crore, respectively. Speaking at the event, Reliance Industries Limited Chairman Mukesh Ambani stated that AI would refer to both Assam intelligence and artificial intelligence. In 2018, during the last summit, Reliance pledged to invest Rs 5,000 crores in Assam. We have since invested more than Rs 12,000 crore in the state. In the next five years, Reliance plans to more than treble its investment in Assam to over Rs 50,000 crore in the five priority areas listed below.

 

Ambani to set up Data Centres

Mukesh Ambani underlined Reliance’s intent to make Assam “Tech-Ready and AI-Ready” as part of its digital transformation vision. An AI-ready Data Center may be built in Assam which would apply AI assisted teachers to improve education, AI assisted doctors to better healthcare, and AI assisted farmers for agriculture. Assam will enable its youth to learn and earn from home. Furthermore, Reliance will help Assam become a leader in clean atom and green energy, adopting the government’s nuclear policy for the participation of the private sector.

 

RIL’s 5 schemes for development

Mukesh Ambani provided five grand schemes for development of Assam’s economy. Reliance is set to construct two world class Compressed Biogas (CBG) facilities on reclaimed wasteland, and are expected to produce 8 lakh tonnes of clean biogas yearly that could power 2 lakh passenger automobiles daily. New Mega Food Park in Assam would enable it to become a key supplier of food and non-food agro based consumer goods at the national and international level by increasing the value chain of the local produce. Within five years, Reliance Retail is set to double its stores in Assam from 400 to 800. To further develop Assam’s tourism and hospitality sector, Reliance plans to build a seven star luxurious Oberoi hotel. These measures are sure to provide a wealth of direct and indirect employment opportunities for the youth.

 

Adani targets infrastructure

Gautam Adani, Chief of the Adani Group, made a landmark investment of ₹50,000 crore in Assam. These investments will target major infrastructure domains such as airports, ports, city gas distribution, power transmission, cement making, and road development. They are meant to drive the growth of Assam’s economy, increase connectivity, and enhance the distribution of energy.

 

Tata Sons’ pledge for renewable power

N Chandrasekaran, Chairman at Tata Sons, also delineated the development ambitions of the Tata Group for Assam. The corporation will set up 5GW of renewable power in the state within the next five years and help India in its green energy mission and in curbing carbon emissions. Apart from this, the Tata Group will also make an investment in a mega project of large-scale manufacturing technology that will provide jobs for 30,000 youngsters. The venture will help drive Assam’s industrialization, provide skilled jobs, and reinforce the local economy.

 

Other major investments in Assam

Sajjan Jindal, JSW Group Chairman and MD, announced investments in Assam’s renewable energy sector. Further, Anil Kumar Chalamalasetty, MD of Greenko Group, announced that the company will be investing ₹10,000 crore in two Assam units. Greenko is already working with Numaligarh Refinery Limited on ongoing projects.

 

Vedanta Group subsidiary Cairn Oil & Gas invested ₹50,000 crore in oil and gas exploration and production in the region. Vedanta Group Chairman Anil Agarwal informed that the company has three locations in Assam and Tripura and will set up world-class oil and gas exploration and production (E&P) facilities in Assam. The potential of the state to emerge as a Mega basin of the world and an energy production center of the country was highlighted. Vedanta is going to invest more than ₹50,000 crore in Assam to produce 100,000 barrels of oil and gas per day. This project will create world-class exploration and production (E&P) facilities and provide direct and indirect employment to 1 lakh youth, strengthening the position of Assam as a power player in India’s energy sector.

 

Conclusion

The Advantage Assam 2.0 Summit attracted big-ticket investments with Reliance and Adani committing ₹50,000 crore each for AI, clean energy, and infrastructure. Tata, JSW, Greenko, and Vedanta also committed to renewable power, oil and gas, and manufacturing. The investments make Assam a pioneering center for innovation, energy, and industrial development, with thousands of jobs being created.

 

 

 

 

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Easing of risk weights on loans given to MFIs and NBFCs

 

 

 

 

 

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Affordable housing to take a hit in the upcoming Budget
Business, Equities, Market News, Markets, Real Estate, Real Estate News - January 13, 2025

Upcoming Budget: Real estate Industry seeks Stamp duty cuts and revised home loan limits

Upcoming Budget: Real estate Industry seeks Stamp duty cuts and revised home loan limits

The Indian Real Estate Industry is seeking stamp duty cuts, revised home loan limits and improved affordable housing norms in the upcoming Union Budget 2025-2026. The realtors are seeking these changes through Pradhan Mantri Awas Yojana (PMAY), eco-friendly policies, single-window clearance, and more.

Some of the industry leaders and consultancy firms in India such as Raheja, Gaurs, Kanodia, Anarock, Justo, Reach, Urban Space and Eros have put forth their expectations for changes to real estate sector norms in the upcoming budget.

Affordable housing
President of CREDAI-NCR and Chairman and Managing Director of Gaurs Group, Manoj Gaur stated that one of the crucial demands of the real estate sector is adjustment of stamp duty. The reason for this is that the stamp duty rate has increased significantly in recent years. It is adversely affecting home buyers giving them financial pressures. He also emphasised on considering changing the current tax deduction limit of Rs. 1.5 lakh under Sector 80(c) to Rs. 5 lakh as it will help in easing home ownership.

He recommends changing the affordable housing criteria of price limit of Rs. 45 lakh to carpet area-wise criteria. In this, the focus should be on the carpet area of 60 square metres in metro areas and 90 square metres in non-metro areas. He also advocates reintroduction of the 100 percent tax holiday for affordable housing projects before 31st March 2022. This will promote both affordable housing and also India’s mission of ‘Housing for all’.

Commercial Real-estate Sector
The vice-president (Sales) of Raheja, Mohit Kalia stated that the needs for reforms in the commercial real-estate sector. The government’s actions to encourage entrepreneurship promotes the start and growth of business. It not only helps in boosting economic growth and creation of job opportunities but also aids in thriving the business of commerical real-estate sector. Along with this, the sector requires policies that will support in sustaining the growth and success of the sector. He also states that the adjustment in interest rates in a way that makes advances affordable will help in increasing demand in the sector. Also, the implementation of the single-window clearance system can make approval processes faster and easier. These steps will help in strengthening the overall real estate ecosystem.

Tax Relief on Construction Materials
The Kanodia of Delhi-NCR advocates tax relief and GST reduction on construction materials in order to achieve lower project costs and also encourage developers to initiate new ventures with better efficiency.

The Kanodia Group’s founder Gautam Kanodia stated that the upcoming Budget 2026 has a strong prospect to strengthen the real estate industry and also to play a more crucial role in the development of the country’s economic framework.

Revision of Home Loan Limits
The founder and Chairman of Reach, Harinder Singh Hora advocated raising the deduction limit in home loans to Rs 5 lakh from the current Rs. 2 lakh in order to encourage investment opportunities and to attract more investors.

Changes in PMAY
The chairman of Anarock Group, Anuj Puri recommends reintroduction of Credit-linked subsidy Scheme (CLSS) under the PMAY scheme for economically-weaker section (EWS) households, which has ended in the year 2022. This would give financial incentives to first-time homebuyers to purchase affordable homes by providing subsidies on loans for construction of new houses or essential addition to existing properties.

As per the eligibility criterias of PMAY for rural regions provide subsidies to convert ‘kaccha’ into ‘pucca’ homes. The real estate industry players believe that there is a need to update the definition of affordable housing needs, particularly in high-cost cities such as Mumbai. They also advocate raising of current price caps reflecting the higher cost of living and property prices prevailing in these areas.

Given data from Anarock, the sales share of affordable housing decreased to 18 percent in 2024 compared to 38 percent in 2019. This significant decline indicates the pressing need for government intervention. He further stated that there is a need to be more focused on affordable housing and targeted benefits, which was not given much attention for the past two years.

The reason for slowdown in the Indian real estate sector in the year 2024 is the general elections and state elections conducted in the year. The top seven cities in India observed a fall in housing sales by 4 percent which accounts to around 446,000. While, the new launches of properties declined by 7 percent which accounts to around 413,000 units. Despite this, implementation of appropriate steps taken for affordable housing in the year 2025 could lead to revival of growth and also promote the residential segment to regain the high sales and launches achieved in the year 2023.

Rental housing and infrastructure growth
In the year 2024, institutional funding in real estate registered a record of 6.5 billion dollars. It indicates strong investor confidence. The introduction of increasing liquidity measures will help to ensure that real estate projects are completed on time. This is crucial to maintain the growth momentum in the sector. The Director of Eros states that while entering in the year 2025, the policies pertaining to expansion of rental housing and infrastructural growth should be taken for driving urbanisation.

The founder and director of real estate fintech firm Justo, Pushpamitra Das advocates the adjustments in GST on under-construction residential and commercial properties, tax benefits for REITs, extension of SEZ benefits. He also stated that India’s real estate sector plays a significant role in driving economic growth by boosting GDP and employment levels.

Home decor Industry
The co-founder of Urban space, Radhika Koolwal stated that the home decor industry is positive about the measures undertaken to boost growth and innovation. The industry expects the policies undertaken will focus on encouraging domestic manufacturing such as subsidies on raw materials and machinery, tax benefits for MSMEs and startups, reduction in GST rates on home furnishings and decor items in order to achieve more accessibility to quality products to the middle class.

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Copper holds near five months low as weak demand outlook dominates

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