09 Jun 2026

Naeem Real Estate Holding Group is reviewing a potential restructuring of part of its real estate portfolio as it explores transferring selected assets into a real estate fund. The move is currently under study and forms part of the company's efforts to assess alternative ownership and management structures for certain properties. While the company has not disclosed details regarding the assets involved or the timeline for implementation, the proposal could help streamline asset management and improve operational efficiency. Further details are expected once the evaluation process is completed and a final decision is taken.Read more

09 Jun 2026

• India's economy grew 7.8% year-on-year in the January-March quarter, exceeding the 7.2% forecast by economists.
• Strong private investment, higher agricultural output and continued construction activity supported growth despite the initial impact of geopolitical tensions in West Asia.
• The National Statistics Office revised India's FY26 GDP growth estimate to 7.7%, slightly higher than its earlier projection of 7.6%.
• Economists noted that resilient domestic demand helped sustain growth, although private consumption remained uneven in some segments.
• Analysts expect growth to moderate in FY27 amid risks from elevated energy prices, geopolitical uncertainties, inflationary pressures and concerns over monsoon conditions.Read more

09 Jun 2026

DAC Developers has strengthened its presence along Chennai’s Old Mahabalipuram Road (OMR) with the inauguration of a new satellite office and the launch of DAC Cambridge, a premium residential project inspired by the architectural character of Cambridge, England. The developer also indicated that it is exploring a proposed INR 250 crore funding platform with Yubi to support future land acquisitions, following two previous transactions through which Yubi facilitated INR 66 crore in funding. The expansion comes as DAC continues to grow its residential portfolio across Chennai’s IT corridor, where it currently has five ongoing projects in Sholinganallur and Navalur. The company has also announced upcoming launches including DAC Silicon Valley Phase 3 and DAC Lords.Read more

09 Jun 2026

BlackRock Monticello Debt Real Estate Investment Trust has strengthened its financing platform through two new funding arrangements disclosed in a recent regulatory filing. A unit of the REIT entered into a credit agreement with ConnectOne Bank, providing an initial commitment of USD 100 million with the potential to increase to USD 150 million. The agreement is set to mature in 2029 and includes extension options. Separately, another unit signed a master repurchase agreement with Nomura Corporate Funding Americas, carrying an initial maximum purchase price of USD 250 million, further expanding the trust’s access to capital for investment activities.Read more

09 Jun 2026

SpiceJet has announced plans to strengthen its fleet by adding three Airbus A320 aircraft on a damp lease arrangement next month. The airline has already finalised the lease agreement for the narrowbody planes as part of its ongoing fleet expansion strategy. In addition, SpiceJet has reintroduced a Boeing 737 MAX aircraft into commercial operations after bringing it back from the ground. The move is aimed at meeting rising passenger demand during the peak travel season, while also improving operational flexibility and supporting the airline’s domestic and international network requirements.Read more

09 Jun 2026

Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.Read more

09 Jun 2026

• A fire department survey has found that only 80 of Patna’s 241 registered hotels fully comply with prescribed fire safety norms and have obtained the required No Objection Certificates (NOCs).
• The highest non-compliance was recorded in the city’s busiest hotel clusters, where deficiencies include inadequate emergency exits, narrow staircases, limited access for fire tenders and insufficient firefighting infrastructure.
• Authorities have intensified inspections and enforcement measures following previous hotel fire incidents, with non-compliant establishments being directed to upgrade safety systems and address structural shortcomings.Read more

09 Jun 2026

Vibez Estates has signed a hospitality management agreement with Sarovar Hotels for Vibez Sarovar Premiere, a 40-acre hospitality development in Sakleshpur, Karnataka. Located amid the Western Ghats and surrounded by coffee plantations and hill landscapes, the project will comprise a five-star hotel and villa development and is scheduled to open in 2028. The partnership combines Vibez Estates’ experience in managed land and plantation assets with Sarovar Hotels’ operational and distribution capabilities. The development comes as Sakleshpur continues to attract increasing visitor interest due to its natural surroundings, plantation tourism offerings and improving connectivity to Bengaluru and Mangaluru. The project is expected to add organised hospitality capacity to the region’s growing tourism and leisure ecosystem.Read more

09 Jun 2026

Housing finance lender Truhome Finance and real estate developer Veegaland Developers have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings. Truhome Finance, backed by Warburg Pincus, plans to raise INR 3,000 crore through a combination of fresh equity issuance and an offer-for-sale, while Veegaland Developers intends to raise INR 250 crore through a fresh issue of shares. The approvals form part of a broader batch of five IPO clearances granted by the market regulator in the past week. For Truhome Finance, the listing is expected to strengthen its capital base and support future lending growth, while Veegaland’s public issue is set to provide growth capital for its real estate business. SEBI’s observations allow both companies to move ahead with their public offerings within the prescribed regulatory timeline.Read more

08 Jun 2026

Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout as part of its expansion strategy amid growing demand for managed and flexible office spaces in India. While the transaction value was not disclosed, the acquisition is expected to contribute nearly INR 100 crore to Incuspaze’s annual revenue. The deal adds iKeva’s 500,000 sq ft portfolio across 18 centres in Hyderabad and Bengaluru to Incuspaze’s existing network of more than 4 million sq ft spread across over 50 locations in 18 cities. The acquisition supports the company’s target of reaching INR 1,000 crore in revenue by 2028-29 and aligns with its plans to explore an initial public offering within the next 24 to 36 months.Read more

08 Jun 2026

Atal SA has received approval from Poland’s Office of Competition and Consumer Protection (UOKiK) to move ahead with the acquisition of seven companies and a portfolio of land properties from BD 1. The regulatory clearance was one of the key conditions outlined in the preliminary agreement signed between the parties. The approval marks an important step in the completion of the proposed transaction and allows the developer to advance the acquisition process. Further details regarding the value of the deal and the assets involved have not yet been disclosed.Read more

08 Jun 2026

ITC Properties Group Ltd has announced that one of its subsidiaries has entered into a memorandum of understanding (MoU) with China Unicom Hong Kong to secure data centre resources as part of its expansion plans. Under the agreement, China Unicom Hong Kong will provide at least 6 megawatts (MW) of internet data centre (IDC) resources within nine months. The MoU will remain valid for 36 months, while the subsidiary aims to obtain between 8 MW and 10 MW of IDC resources for sublease. The move reflects growing demand for data centre infrastructure and related services in the region.Read more

08 Jun 2026

Bengaluru-based ISIT Office Space Solution Pvt. Ltd., a manufacturer of office and educational furniture, used its Sales Summit 2026 to outline plans for expanding its presence across India through a stronger channel partner network. Held from May 7 to 9, the event brought together company leadership and partners to review business performance, operational priorities and future growth initiatives. ISIT currently operates a 100,000 sq. ft. manufacturing facility and serves corporate and institutional clients nationwide. The company plans to onboard 25 new channel partners across cities including Bhopal, Indore, Nashik, Cochin, Trivandrum, Guwahati, Goa and Jaipur. The expansion strategy is aimed at strengthening its reach in Tier-2 markets while supporting growing demand for office and educational furniture solutions across India.Read more

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Limited to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in Mumbai. Scheduled to open in the first quarter of 2030, the 350-key hotel will be located in Goregaon, a rapidly growing commercial and business hub in the city’s western suburbs. The project will feature luxury accommodation, multiple dining options, large-scale event facilities and wellness amenities. The development reflects growing investor confidence in Mumbai’s hospitality market amid increasing business travel, corporate demand and premium accommodation requirements.Read more

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Ltd to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in India’s financial capital. The 350-key hotel is expected to open in the first quarter of 2030 and will be located in Goregaon, a rapidly growing commercial and business district. The development comes as Mumbai continues to witness strong demand from both business and leisure travellers. The project also reflects IHG’s broader expansion strategy in India, where the company already operates 52 hotels and has a significant pipeline of upcoming properties.Read more

08 Jun 2026

• Bengaluru-based real estate consultancy Propsoch has raised USD 2 million (approximately INR 19 crore) in a seed funding round led by Athera Venture Partners, Sparrow Capital, and Vakil Group, with proceeds earmarked for strengthening research and advisory capabilities, team expansion, and market growth.
• The raise follows an earlier USD 6,00,000 in pre-seed funding backed by the family office arms of the Godrej Group and the Vakil Group, alongside individual investments from Mohit Malhotra, former MD and CEO of Godrej Properties, and Bhaskar Bhat, former MD of Titan Company.Read more

08 Jun 2026

Great Portland Estates has said that its City Tower development is expected to generate around GBP 8.5 million in annual rental income from approximately 43,000 sq ft of fully managed office space. The announcement highlights the company's continued focus on the growing demand for flexible and managed workspaces in London. The project forms part of Great Portland Estates' strategy to enhance rental performance through premium office offerings and value-added services. The update comes as occupiers increasingly seek flexible workplace solutions in key business districts, supporting demand for managed office environments.Read more

08 Jun 2026

ITC Hotels Limited has expanded its boutique hospitality portfolio in North East India by signing its 25th property under the Storii brand. The company has entered into a definitive agreement for the development of 'Storii by ITC Hotels Guwahati', a 43-room property located within Assam's Amchong Tea Estate. The project marks another addition to the company's growing presence in the country's experiential and leisure hospitality segment. The development is expected to strengthen the supply of branded accommodation in the region, which is increasingly attracting tourism and hospitality investments. The property is being developed in partnership with Bhauram Jodhraj, whose promoters own and manage the historic tea estate.Read more

07 Jun 2026

• Thomas Cook India has expanded support for Indian enterprises operating or planning expansion in the European Union through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited.
• The initiative aligns with Eurobank’s growing presence in India, including the establishment of its representative office in Mumbai.
• The two organisations aim to facilitate business travel, cross-border transactions and investment activity between India and Europe.
• Thomas Cook’s Cyprus operations provide Indian corporate clients with access to EU-based travel services and localised support.
• The move comes amid increasing India-EU economic engagement following the conclusion of the India-EU Free Trade Agreement in January 2026.Read more

07 Jun 2026

Home loan borrowers are closely monitoring the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, being held from June 3 to June 5, as expectations build around the future trajectory of interest rates and lending costs. While inflation has remained broadly within the central bank’s comfort range, concerns over rising global energy prices, potential weather-related disruptions and the possibility of higher food inflation continue to influence the policy outlook. At the same time, signs of moderating economic growth have added complexity to the RBI’s decision-making process. Industry stakeholders expect the central bank to maintain its current policy stance, with the meeting’s commentary likely to provide important guidance on borrowing costs, home loan EMIs and housing demand trends over the coming months.Read more