29 minutes ago

China Merchants Commercial Real Estate Investment Trust (CMC REIT) has revised the terms of its RMB4.1 billion (approx. INR equivalent) loan facility, adjusting both the tenure and interest structure. The trust has shortened the loan period to three years and fixed the interest rate at 2.8% per annum until a specified timeline. The move reflects ongoing financial restructuring efforts among real estate investment trusts to manage borrowing costs and align with market conditions. CMC REIT, which manages a portfolio of commercial properties in China, has been actively reviewing its capital strategy amid evolving economic and lending environments.Read more

59 minutes ago

The Bihar government has approved the development of 11 greenfield satellite townships under a land pooling framework, aimed at enabling planned urban expansion without compulsory land acquisition. The initiative will return 55 per cent of developed land to original landowners while allocating the remainder for infrastructure and public amenities. A temporary ban on land sale, transfer, and construction has been imposed in identified zones to prevent speculative activity. The townships, spread across key cities including Patna, Gaya and Muzaffarpur, are intended to integrate residential, commercial and economic functions while supporting a transition from agrarian to urban-led growth.Read more

1 hour ago

ICICI Prudential Alternatives has acquired two Grade A office assets from RMZ Group in Bengaluru and Pune for approximately INR 2,600 crore, strengthening its presence in income-generating commercial real estate. The acquisition includes pre-leased office properties in key business districts, reflecting sustained institutional interest in stabilised assets with rental yields. The transaction is understood to have been executed through an office-focused investment fund, targeting long-term income streams amid strong occupier demand in major urban markets such as Bengaluru and Pune.Read more

1 hour ago

Cityvarasto Oyj has acquired a property company in Turku, Finland, from an international investor, strengthening its real estate portfolio. The deal includes leasehold rights to a land parcel of around 15,000 square metres along with seven buildings located on the site. The acquisition aligns with the company’s ongoing strategy of expanding its storage and logistics footprint across key Finnish cities. While financial details were not disclosed, the transaction reflects continued investor interest in Nordic real estate assets, particularly in segments supported by stable demand such as storage and light industrial spaces.Read more

2 hours ago

The Enforcement Directorate has provisionally attached assets worth INR 3,034 crore linked to companies under the Reliance Anil Ambani Group as part of its ongoing money laundering investigation. The properties include real estate holdings across Maharashtra and Gujarat, along with equity shares of Reliance Infrastructure. With this latest action, the total value of assets attached in the case has reached INR 19,344 crore. The probe relates to alleged bank fraud and diversion of funds, and continues to expand as the agency traces financial transactions and linked properties.Read more

2 hours ago

Leela Palaces Hotels & Resorts reported a significant rise in its financial performance for the latest quarter and full fiscal year, supported by higher operational revenue. The company’s net profit saw strong year-on-year growth, while expenses also increased in line with business expansion. Alongside its earnings, the firm has announced a small but strategic acquisition of BPBKC Properties Pvt Ltd to explore opportunities in hospitality and real estate. The move reflects a broader approach to diversify within asset-backed segments, even as the company continues to strengthen its position in the luxury hospitality market following its stock market debut last year.Read more

Mumbai News Desk

3 hours ago

A criminal case has been registered against four individuals for allegedly cheating around 80 buyers in a land fraud worth nearly INR 3.48 crore. The accused sold plots on assigned land that cannot be legally transferred, using fake documents and a fabricated layout. Buyers were promised early investment benefits and future approvals, but no sale deeds or possession were provided. Investigations revealed a pattern of misleading multiple investors through similar tactics. The case highlights ongoing concerns around illegal land sales and lack of due diligence in pre-launch real estate transactions.Read more

3 hours ago

Noida International Airport has received approval for its Aerodrome Security Programme from the Bureau of Civil Aviation Security, marking a key regulatory milestone towards the commencement of flight operations. The greenfield airport project in Jewar is now working with airlines and stakeholders to finalise a launch timeline. The approval confirms that required safety and security frameworks are in place, following recent management changes. The development is significant for the National Capital Region, where the airport is expected to support capacity expansion and regional connectivity.Read more

4 hours ago

Small Industries Development Bank of India has raised INR 30.25 billion through a bond issuance with a tenure of three years and three months, priced at a coupon rate of 7.61 per cent. The issue, concluded following a same-day bidding process, attracted participation from institutional investors and reflects sustained demand for high-rated debt instruments. The bonds carry AAA ratings from CARE Ratings and CRISIL, indicating strong credit quality. The fundraising forms part of SIDBI’s ongoing borrowing programme to support lending to micro, small and medium enterprises. The transaction also highlights continued activity in India’s corporate bond market, where financial institutions are accessing capital to diversify funding sources.Read more

4 hours ago

The Enforcement Directorate has carried out fresh searches at premises linked to Raheja Developers in Delhi-NCR as part of an ongoing money laundering investigation tied to alleged fraud involving homebuyers. The action covers around seven locations and relates to claims of non-delivery of flats in the Raheja Revanta project. The agency had previously conducted searches in the same matter in the past year. The developer has denied any wrongdoing, stating that funds have not been diverted and attributing project delays to lack of supporting government infrastructure. The case highlights continued regulatory scrutiny of delayed housing projects and developer accountability in the NCR market.Read more

4 hours ago

Lodha Developers is planning to invest around INR 10,000–11,000 crore to develop 1 gigawatt of data centre capacity in the Mumbai Metropolitan Region. The project will come up within its Palava township and follow a build-to-suit model for global operators. The company has already secured key clients and will fund the development largely through land monetisation. This move is part of its strategy to scale rental income and expand into digital infrastructure, alongside a larger 2.5 GW data centre park planned in the region.Read more

5 hours ago

Emira Property Fund Ltd has increased its holding in Octodec Investments by acquiring an additional 2.89 million shares in the past week. The purchase was made at an average cash consideration of ZAR 16.744 per share, as part of its ongoing voluntary offer. The transaction also led to a reduction in the number of shares still subject to the offer. The move aligns with Emira’s strategy to strengthen its position in Octodec, a real estate investment trust focused on retail and residential assets, while gradually increasing its influence within the company.Read more

5 hours ago

Tata Consultancy Services (TCS) has entered into initial agreements with Siemens Energy AG and Siemens Energy India to strengthen cooperation in IT services, industrial artificial intelligence, data centres, and emerging technology areas. The collaboration focuses on accelerating AI-driven transformation in industrial systems while also supporting the development of sustainable and resilient digital infrastructure. Siemens Energy India will also contribute to TCS’s HyperVault initiative, aimed at meeting rising energy requirements of AI-enabled data centres in India. The partnership brings together engineering capabilities and digital expertise to address evolving infrastructure demands.Read more

5 hours ago

IQE has raised USD 17.5 million (GBP 13 million) through a heavily discounted share sale as part of a broader GBP 81 million fundraising plan supported by MACOM Technology Solutions. The issue, priced at a 60 per cent discount, led to a sharp fall in the company’s share price. The wider funding structure includes equity investment, convertible loan notes, and reinvestment by existing noteholders. The transaction remains subject to shareholder approval and regulatory clearances, while also marking the conclusion of the company’s strategic review and strengthening its long-term supply partnership with MACOM.Read more

6 hours ago

The National Green Tribunal (NGT) has initiated fresh action on pollution in the Yamuna River and alleged illegal constructions along its floodplains, seeking responses from multiple government agencies. The matter relates to continued discharge of untreated sewage and encroachments in areas such as Mathura and Vrindavan, despite earlier tribunal directives. Authorities including central and state pollution control bodies and local civic agencies have been asked to explain compliance with past orders. The case highlights ongoing environmental concerns linked to river pollution and unregulated development, with implications for urban planning, land use and enforcement in ecologically sensitive zones.Read more

6 hours ago

Regal Hotels International Holdings Ltd has identified Goldenridge Worldwide Limited as the new purchaser for a proposed sale involving both shares and a related loan. The update indicates a change in the buyer for the transaction, which forms part of the company’s ongoing financial and asset management strategy. While financial details of the deal have not been disclosed, such transactions are typically aimed at improving liquidity and restructuring balance sheets. The development reflects Regal Hotels’ continued efforts to streamline its holdings and optimise capital allocation amid evolving market conditions.Read more

7 hours ago

Embassy Office Parks REIT has announced a distribution of INR 616 crore to unitholders for the March quarter, taking its total payout for FY26 to INR 2,396 crore. The company also disclosed plans to raise up to INR 9,000 crore through debt instruments. During the financial year, it recorded 6.4 million sq ft of leasing activity across 86 deals, supported by demand from global capability centres. Revenue from operations rose 13 per cent year-on-year to INR 4,582 crore, while net operating income increased 15 per cent. The REIT continues to expand its portfolio and strengthen its capital structure across key office markets.Read more

7 hours ago

All five flyovers at Bengaluru’s Central Silk Board double-decker corridor have become operational, completing a 3.2 km multi-level transport system designed to ease congestion at one of the city’s busiest junctions. Executed by Afcons Infrastructure Ltd as part of the Bengaluru Metro Phase 2A Blue Line project, the structure integrates road and metro infrastructure. The final two flyovers have enabled direct traffic movement between HSR Layout, BTM Layout and Ragigudda, reducing reliance on signal crossings. Authorities indicated that commuters could see travel time savings of up to 30 minutes. The project was constructed under significant space and traffic constraints, with limited working hours.Read more

8 hours ago

DP World has acquired a 49% stake in Reliance Industries’ multimodal logistics park near Chennai, expanding its presence in India’s logistics sector. The project at Mappedu is being developed as an integrated hub with road, rail and port connectivity to improve cargo movement and reduce costs. Spread across about 184 acres, the facility will handle multimodal freight and offer warehousing and value-added services. The deal builds on the existing partnership between the two companies and supports DP World’s broader plan to strengthen supply chain infrastructure in India.Read more

8 hours ago

Germany’s housing market saw continued pressure on tenants over the past quarter, with rents rising steadily even as property prices showed limited movement. Data from the IW Housing Index indicates that demand in urban and suburban areas remains strong, particularly in commuter belts of major cities. While rental growth stayed firm across most regions, property prices reflected a more cautious trend, with only marginal quarterly increases and mixed annual performance across cities. The divergence highlights ongoing affordability concerns for tenants and a stabilising phase for buyers following recent market corrections.Read more

Nagpur News Desk

9 hours ago

Nagpur Municipal Corporation (NMC) is grappling with nearly INR 2,000 crore in unpaid property tax dues, amounting to almost one-third of its proposed budget for the upcoming financial year. The backlog spans over 4.5 lakh properties, with a significant share pending for more than a decade, reflecting long-standing enforcement gaps. Open plots, unmapped properties and residential units account for a large portion of arrears. The scale of non-compliance has raised concerns over the city’s fiscal stability, as property tax remains a primary revenue source for funding infrastructure and essential services. The situation highlights structural inefficiencies in tax recovery and data systems within urban local bodies.Read more

9 hours ago

One MobiKwik Systems has received approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence, allowing the firm to expand into regulated lending. The licence will facilitate the launch of a wholly owned subsidiary, MobiKwik Financial Services Private Limited, aimed at offering credit products to consumers and merchants. The approval, granted within a relatively short timeframe, supports the company’s transition towards a broader financial services platform. Leveraging its existing customer base of over 18.6 crore users and digital infrastructure, the company plans to strengthen its lending capabilities, including underwriting, product design, and collections.Read more

10 hours ago

Krystal Integrated Services said its associate firm, Krystal Solar Energy SPV, has secured a rooftop solar project worth approximately INR 138 crore from the Directorate of Medical Education & Research, Maharashtra. The project involves deployment of grid-connected solar photovoltaic systems across government hospitals and medical colleges in the state. The scope includes end-to-end execution, from design and installation to long-term operations and maintenance. Krystal Integrated holds a 49% stake in the associate entity. The order strengthens the company’s presence in renewable energy-linked infrastructure services, particularly within public healthcare facilities.Read more

Mumbai News Desk

10 hours ago

Mumbai’s Slum Rehabilitation Authority (SRA) has introduced a stricter safeguard by freezing a portion of developers’ sale flats to ensure timely rent payments to displaced slum residents. The move requires developers to lock units equivalent to around three years of rent liability until rehabilitation is completed. This builds on earlier rules mandating advance rent deposits but addresses continued delays and defaults. By linking rent obligations to project inventory, the authority aims to improve accountability, reduce financial risk for residents, and bring more discipline to redevelopment projects.Read more

11 hours ago

The Bank of Canada is expected to keep its benchmark interest rate unchanged at 2.25% in its upcoming policy decision, as economists assess that the recent surge in oil prices linked to geopolitical tensions is unlikely to create sustained inflationary pressure. While inflation rose to 2.4% in the past month due to higher gasoline costs, it remains within the central bank’s target range. Market participants anticipate a possible rate increase later in the year, although most economists expect policy stability. The central bank is also set to release updated economic forecasts, with attention on wage growth trends and the role of fiscal policy in managing external shocks.Read more

11 hours ago

The Telangana government is preparing a significant upward revision of land and property registration values across the state, aimed at narrowing the gap between official guidance rates and prevailing market prices. The move, under consideration by the Registration and Stamps department following a cabinet sub-committee review, is expected to impact key urban centres including Hyderabad. The revision is likely to enhance state revenues while increasing transaction costs for buyers. It also comes alongside policy initiatives such as industrial land reforms, signalling a broader recalibration of land administration amid sustained real estate demand and rising property values across the state.Read more

12 hours ago

Forvia has agreed to sell its car interiors business to Apollo Funds in a deal valued at EUR 1.82 billion (USD 2.13 billion). The division contributed around 18% of the company’s revenue in 2025. The transaction is expected to close by the end of the year and will help reduce Forvia’s net debt by at least EUR 1 billion. Alongside the deal, the company has also announced a leadership change, with Michel de Rosen stepping down as board chair and Pierre André de Chalendar set to take over following the annual general meeting on June 4.Read more

12 hours ago

Supreme Power Equipment has secured domestic transformer supply orders worth INR 128 crore from multiple Hyderabad-based entities, strengthening its near-term revenue visibility. The orders involve the supply of power transformers across capacities of 20 MVA, 112.5 MVA and 160 MVA, with execution timelines ranging between 11 and 17 months. The development reflects ongoing investment momentum in power and infrastructure, particularly in Telangana. The Tamil Nadu-based manufacturer continues to expand its order pipeline amid increasing demand for grid and distribution equipment, positioning itself to benefit from infrastructure-led growth across key regional markets.Read more

13 hours ago

UltraTech Cement reported a consolidated net profit of INR 3,000.02 crore for the March quarter of FY26, reflecting growth over the corresponding period last year. Revenue from operations increased to INR 25,799.47 crore, supported by higher sales volumes across housing, infrastructure, and commercial construction segments. The company recorded its highest-ever quarterly sales volumes, with domestic grey cement dispatches rising to 42.41 million tonnes. Full-year profit crossed INR 8,000 crore for the first time, while capacity expansion and acquisitions impacted comparability with the previous year. The company also announced a special dividend, alongside continued progress in diversifying into new business segments.Read more

13 hours ago

Concerns over building norm violations have surfaced in Shankarapuram, Bengaluru, where a construction project on Ranga Rao Road has drawn scrutiny from civic authorities and residents. The issue relates to alleged encroachment and damage to a public drain during construction, prompting notices from the local town planning department and a police complaint. Officials have directed the developers to halt work, restore damaged infrastructure, and submit approved building plans. The case reflects broader enforcement challenges in Bengaluru’s urban development landscape, where adherence to sanctioned plans, protection of civic infrastructure, and regulatory oversight remain critical amid ongoing construction activity.Read more

14 hours ago

The Delhi Metro Rail Corporation has issued an advisory for commuters on the Blue and Green Lines due to ongoing escalator maintenance at select stations. The work is part of a planned effort to upgrade ageing infrastructure and ensure safety and smoother operations. Passengers may face temporary inconvenience, especially during peak hours, and have been advised to use stairs or lifts and plan travel accordingly. The maintenance aligns with DMRC’s broader upgrade programme, which includes refurbishment of trains and replacement of older equipment across high-footfall corridors.Read more

14 hours ago

Uganda’s parliament has cleared a 16% higher national budget of UGX 84.4 trillion (USD 22.7 billion) for the 2026–27 fiscal year, signalling a strong push towards infrastructure and economic expansion. A large portion of the spending will be supported by tax revenues and domestic borrowing, while key investments include a EUR 2.7 billion (USD 3.2 billion) railway and a toll road project. The government is also preparing for crude oil production, which is expected to boost growth significantly. The final budget presentation, along with revenue measures, is scheduled for early June.Read more

Gurugram News Desk

15 hours ago

The Haryana Shahari Vikas Pradhikaran (HSVP) has initiated an extensive demolition drive across multiple sectors in Gurugram to remove unauthorised constructions and reclaim public land. The exercise, covering nearly 29 sectors in a phased manner, targets encroachments on roads, green belts and utility corridors. The action follows earlier enforcement drives and court-linked developments related to building norms, particularly the stilt-plus-four policy. Authorities have deployed multiple teams supported by police personnel to carry out the exercise. The move is expected to impact residential colonies and mixed-use areas, highlighting intensified regulatory enforcement and growing scrutiny of encroachments in planned urban zones.Read more

15 hours ago

Land acquisitions for real estate projects across India declined marginally to 2,994 acres in FY26, according to data released by Anarock. A total of 111 transactions were recorded during the year, compared to 143 deals covering 3,071.14 acres in the previous fiscal. Listed developers accounted for nearly half of the activity, securing 1,433 acres across 54 deals, reflecting their growing market share. The acquisitions included outright purchases and joint development agreements, with activity spread across metro and emerging Tier II–III cities. Industry consultants indicated that access to institutional capital and regulatory compliance are increasingly favouring larger, listed players in land aggregation.Read more

16 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has identified more than 500 buildings as structurally unsafe following a city-wide survey, issuing evacuation notices to occupants in high-risk categories. The action, undertaken in compliance with court directions, primarily targets older structures requiring urgent structural audits and potential demolition or repair. Buildings classified under the most critical category have been directed to be vacated immediately, raising concerns over resident displacement and redevelopment readiness. The move highlights increasing scrutiny on ageing housing stock in the Mumbai Metropolitan Region, where structural safety, periodic audits and redevelopment planning remain key challenges for civic authorities and housing societies.Read more

Delhi News Desk

16 hours ago

Delhi Police has carried out tenant verification for 12,860 individuals so far this year, as part of an ongoing drive to strengthen urban security and monitor rental housing across the capital. The initiative includes enforcement action against landlords failing to comply with mandatory verification norms, with hundreds of cases registered for violations. The exercise, conducted across multiple districts, reflects increasing regulatory focus on rental housing compliance amid rising mobility and urban density in Delhi-NCR. Authorities have reiterated that tenant verification is a legal requirement, with both online and offline mechanisms in place, and have urged property owners to adhere strictly to prescribed procedures to avoid penalties.Read more

29 Apr 2026

The Greater Chennai Corporation has announced new composting projects to improve solid waste management and reduce pressure on landfill sites. The plan includes a large windrow composting facility at Perungudi and smaller decentralised units in Manali. With the city generating over 6,000 tonnes of waste daily, the focus is on processing biodegradable waste closer to the source, lowering transport costs and cutting emissions. The initiative builds on ongoing biomining work and segregation efforts, though execution and enforcement remain key challenges.Read more

29 Apr 2026

The Maharashtra government has transitioned the cooperative housing society registration process to a fully digital system, aiming to reduce procedural delays and improve transparency. Hosted on the Aaple Sarkar portal, the new framework reduces mandatory documentation from 29 to 19 and enables end-to-end online application, payment and tracking. Authorities have introduced a defined approval timeline of up to 60 days and a standardised fee structure. The reform is expected to address a large backlog of unregistered housing societies across cities such as Mumbai and Pune, while curbing intermediary involvement and simplifying compliance for residents and developers within the state’s cooperative housing framework.Read more

29 Apr 2026

A group of US low-cost airlines, including Frontier and Avelo, has proposed a USD 2.5 billion government support package to offset rising jet fuel costs. The request, which involves issuing equity-linked warrants, comes as fuel prices remain elevated and continue to pressure airline margins. Discussions with US aviation authorities are ongoing. The move also follows broader stress in the aviation sector, with potential support being considered for Spirit Airlines. The situation reflects lingering financial strain on budget carriers, similar to earlier industry challenges seen during the COVID-19 period.Read more

29 Apr 2026

Union Commerce and Industry Minister Piyush Goyal recently launched the Bharat Taxi driver onboarding programme and app in Mumbai, marking a push towards a cooperative-led ride-hailing ecosystem. The platform, already operational in multiple cities, has onboarded over 5.17 lakh drivers and served 50 lakh users. With daily rides crossing 25,000, the initiative is scaling steadily. The government highlighted its focus on driver welfare, income stability, and a gradual shift towards electric vehicles, positioning Bharat Taxi as a competitive alternative to private aggregators.Read more

29 Apr 2026

CTP has secured a long-term lease extension with German mail order company Walz for a 46,000 sqm facility in Bad Waldsee, strengthening its presence in the country’s logistics and industrial real estate segment. The 15-year agreement reflects continued demand for stable, long-term occupancies across Europe’s logistics market. CTP, known for its portfolio of business parks across Central and Eastern Europe, has been focusing on tenant retention and long-term contracts to ensure steady income. The deal also highlights the resilience of Germany’s logistics sector, which continues to attract institutional investors and occupiers.Read more

29 Apr 2026

A district consumer court in Raipur has ruled that shopping malls cannot charge visitors for parking, terming the practice an unfair trade under consumer protection laws. The order, issued recently, directed a mall to stop levying parking fees and awarded compensation to the complainant. The ruling was based on the principle that parking is a mandatory component of commercial building approvals and forms part of the services offered to customers. The decision, supported by earlier judicial precedents, may influence similar disputes across cities, particularly as mall operators increasingly monetise ancillary services amid rising operating costs.Read more

29 Apr 2026

Oman has entered into multiple investment agreements exceeding USD 519 million to develop industrial projects across key economic zones. The investments will be spread across Duqm Special Economic Zone, Salalah Free Zone, and Khazaen Economic City. The projects include manufacturing units for electric vehicle batteries, steel, cement, pipes, adhesives, tile processing, and a pharmaceutical warehouse. This move aligns with Oman’s broader strategy to diversify its economy beyond oil and strengthen its industrial and logistics capabilities through targeted infrastructure development.Read more

29 Apr 2026

The Civil Aviation Ministry has reviewed Delhi airport’s preparedness to implement a hub-and-spoke model aimed at improving domestic and international connectivity. The approach will connect Tier II and III cities under the UDAN scheme with global destinations through major hubs. With a large share of Indian passengers currently transiting via foreign hubs, the government is working to position key airports as global transit centres. The plan is expected to improve passenger movement, create jobs, and significantly contribute to the economy over the long term.Read more

29 Apr 2026

Bajaj Housing Finance reported a net profit of INR 669 crore for the March quarter of FY26, reflecting a 14 per cent year-on-year increase, supported by growth in housing loans. Total income rose to INR 2,903 crore, while net interest income increased 15 per cent. The company also reported improvement in asset quality, with gross non-performing assets declining to 0.27 per cent. Assets under management expanded to INR 1.4 lakh crore, marking a 23 per cent annual growth. For the full financial year, net profit rose 18 per cent to INR 2,560 crore, indicating sustained expansion in lending operations.Read more

29 Apr 2026

Biovestor Aktiebolag, an investment firm controlled by the chairman of Avanza Bank and his family, has increased its holding in the bank by purchasing shares worth SEK 34.8 million. The transaction, disclosed through Sweden’s financial regulator Finansinspektionen, reflects continued promoter confidence in the bank’s performance. Avanza Bank, a key player in Sweden’s digital banking and investment platform space, has seen steady investor interest in recent years. Such insider buying activity is often viewed as a positive signal, indicating long-term commitment from key stakeholders and confidence in the company’s growth outlook.Read more

29 Apr 2026

Meghna Infracon Infrastructure Ltd has announced plans to invest around INR 500 crore to redevelop five housing projects across the Mumbai Metropolitan Region. The projects, located in the western suburbs and Thane, are expected to generate nearly INR 600 crore in revenue. The developments will include 320 units, with around 200 units available for sale. The Bharti CHS project in Bandra West will be the largest, with a projected revenue potential of INR 240 crore. The move reflects the growing focus on redevelopment projects in MMR after the pandemic.Read more

29 Apr 2026

Bagmane Prime Office REIT is set to launch its INR 3,405 crore initial public offering, with the issue opening for subscription on May 5 and closing on May 7. The offering comprises a fresh issue of INR 2,390 crore and an offer-for-sale of INR 1,015 crore. Proceeds will be used to acquire office assets in Bengaluru, including properties within Bagmane Capital Tech Park and Bagmane Rio Business Park. The REIT holds a portfolio of six Grade A+ office parks spanning over 20 million sq ft, with high occupancy and a tenant base comprising multinational corporations.Read more

29 Apr 2026

Securities and Exchange Board of India has imposed penalties totalling INR 1.5 crore on eight entities for front-running trades linked to a portfolio management services client using non-public information. The regulator has also ordered disgorgement of unlawful gains amounting to INR 1.29 crore, along with interest, to be credited to the Investor Protection and Education Fund. The action follows findings of coordinated trading based on advance knowledge of large institutional orders. Several individuals and entities have been barred from accessing the securities market, while certain individuals have also been restricted from holding managerial positions in listed companies and registered intermediaries.Read more

29 Apr 2026

Venus Group has completed a transaction involving 2,07,838 sq ft of Grade A office space at Stratum, Nehrunagar, Ahmedabad, marking one of the first instances of a developer-led commercial asset from the city being institutionalised under a REIT structure. The asset has been leased and monetised through PropShare Celestia, with the associated scheme witnessing 1.33 times subscription for an issue size of INR 244.65 crore. The fully leased property houses multinational and Fortune 500 tenants, reflecting growing investor interest in income-generating commercial assets in emerging real estate markets beyond major metros.Read more