Vriti Gothi

1 hour ago

India's REIT market has grown more than sixfold since the country's first listing in 2019, with market capitalisation rising from INR 264 billion in FY20 to nearly INR 1.6 trillion in FY25 and assets under management expanding to 174 million sq ft. Yet, despite this rapid growth, India accounts for less than 1% of the global REIT market and has an institutionalisation rate of just 20%, compared with 96% in the US. Yet despite rapid growth, India remains a small player in the global REIT landscape. The question now is whether a new regulatory framework for SM REITs can help broaden participation and bring a much larger pool of commercial real estate into the listed investment universe.Read more

3 hours ago

• Prime Securities' group company, Prime Litmus Investment Management Ltd, has launched the Prime Litmus Real Estate Opportunities Fund with a target corpus of INR 750 crore and a greenshoe option of INR 250 crore.
• The Category II Alternative Investment Fund (AIF) will focus on structured credit investments in under-construction real estate projects across MMR, NCR, Bengaluru, Chennai, Hyderabad and Pune.
• The fund will primarily invest in self-liquidating projects backed by established developers, with an emphasis on strong cash-flow visibility and security structures.
• It aims to deliver annual returns of 18-20 per cent through conservative underwriting and active asset management practices.
• The fund has been launched through a joint venture between Prime Research and Advisory Ltd, a subsidiary of Prime Securities, and Litmus Global Services LLP.Read more

7 hours ago

SAMCO Securities has launched a global investing platform that will allow Indian investors to invest in US-listed stocks and exchange-traded funds (ETFs) following the receipt of a broker-dealer licence from the International Financial Services Centres Authority (IFSCA) at GIFT City. The platform offers access to more than 700 global securities, including companies listed on major US indices and a wide range of ETFs. Through fractional ownership and digital onboarding, the company aims to make international investing more accessible while supporting investors with research-backed insights and portfolio monitoring tools.Read more

10 hours ago

• Kolhapur Municipal Corporation (KMC) is planning to develop five commercial complexes through the public-private partnership (PPP) model on municipal land across key city locations.
• The civic body has identified sites including Shingoshi Market, Kombdi Bazaar, Chhatrapati Tararani Market premises, areas near the Central Bus Stand and Bawda Water Park.
• The initiative aims to create sustainable non-tax revenue streams amid growing financial pressures on urban local bodies.
• KMC has started the process of conducting feasibility studies and appointing consultants for project planning and implementation.
• The corporation is also working on plans for a new administrative building at Shenda Park to address infrastructure requirements.Read more

12 hours ago

The Reserve Bank of India (RBI) has issued final guidelines allowing commercial banks to lend directly to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), widening access to institutional credit for the real estate and infrastructure sectors. The framework, which comes with prudential safeguards, caps aggregate bank exposure to a trust and its underlying entities at 49% of asset value, mandates fully secured lending and links repayment structures to cash flows. The revised norms replace certain restrictions proposed in the draft framework and are expected to provide REITs and InvITs with an additional source of long-term capital while maintaining financial stability and risk controls within the banking system.Read more

14 Jun 2026

Anthurium, a mixed-use commercial development by Sundream Group in Sector 73, Noida, has recorded growing occupancy and retail activity, with more than 300 operational offices and the presence of several national food and beverage brands. Spread across nearly five acres, the project combines office spaces, retail outlets, restaurants and lifestyle amenities within a single development. Located in Central Noida, the project benefits from connectivity to the Sector 52 Metro Station, the FNG Corridor and the DND Flyway. The development reflects the increasing preference for integrated commercial destinations that combine workspaces, retail offerings and leisure facilities in rapidly growing urban markets.Read more

14 Jun 2026

Interior My Room by Rawat has launched its third studio in Kharadi, Pune, expanding its retail and customer engagement network in one of the city’s key residential and commercial corridors. The company, which specialises in customised furniture and interior solutions, has delivered more than 10,000 modular kitchens and over 1 crore sq ft of furniture since its inception. The new studio complements its existing facilities in Bavdhan and on the Pune–Bengaluru Highway, where it also operates a 1 lakh sq ft manufacturing unit. The expansion comes as demand for customised interiors and modular furniture continues to grow across residential developments in Pune and other urban markets.Read more

14 Jun 2026

Australia's second-largest lender, Westpac, has reported a decline in mortgage demand following the federal government's recent tax policy changes targeting property investors. The bank said overall mortgage applications have fallen by 10%, while investor loan applications have dropped by 20% since the measures were announced in the federal Budget. The policy changes include restrictions on negative gearing and reforms to capital gains taxation, which are expected to influence investor behaviour and slow housing credit growth. Westpac believes the measures could further moderate activity in Australia's residential property market over the coming years.Read more

14 Jun 2026

Mumbai has been ranked among the world’s leading financial services talent centres in Colliers’ Global Financial Services Markets 2026 report, which analysed more than 200 markets globally. The city was classified as India’s primary financial services Global Centre and placed among the top global hubs alongside New York City, London, Singapore, Beijing, Shanghai, Hong Kong and Tokyo. The report highlights Mumbai’s strong labour market, sizeable talent pool and concentration of financial services headquarters. India also featured prominently across the rankings, with Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune emerging as key financial services talent destinations, reflecting the country’s growing role in global banking, financial technology and business operations.Read more

14 Jun 2026

Direct-to-consumer nutrition and sports supplement brand BeastLife has reported a turnover of INR 105 crore for FY26 and is targeting INR 250 crore in revenue during FY27. The Gurugram-based company recently achieved net monthly sales of INR 20 crore, exceeding its internal target of INR 15 crore and taking its annual revenue run rate to around INR 240 crore. Founded in 2024 by fitness influencer Gaurav Taneja and former Mamaearth executive Raj Vikram Gupta, the company has also become EBITDA positive within two years of operations. To support future growth, BeastLife plans to expand through offline retail partnerships, branded cafés, vending machine networks and continued investment in product development following a recent INR 20 crore funding round.Read more

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more

13 Jun 2026

Vertex Group has launched DK Vertex, a smart co-working and business services platform backed by an investment of INR 300 crore, targeting startups, entrepreneurs and growing businesses across India. The platform debuts with over 10,000 seats across seven facilities spanning one million sq ft in Delhi-NCR, Bengaluru and Mumbai. Positioned as an integrated workspace ecosystem, DK Vertex combines office infrastructure with services such as IT support, information security, payroll, hiring, analytics and business networking. The launch comes amid rapid growth in India’s flexible workspace market, which is projected to expand significantly over the next decade, driven by increasing demand from startups and technology-led enterprises seeking scalable and service-oriented work environments.Read more

13 Jun 2026

Kerala-based sports technology startup Dartle has raised USD 100,000 in a seed funding round led by Inflection Point Ventures (IPV). The company, which provides a B2B SaaS platform for youth sports and football academies, plans to use the capital to strengthen its go-to-market strategy, expand in the United States, enhance AI capabilities and deepen partner engagement. Dartle currently serves 14 academies across India, the Middle East, Nepal and the US, while running eight paid pilots in the American market. The startup aims to onboard more than 100 academies globally over the next year and increase its annual recurring revenue to nearly USD 1 million, targeting a growing global market of sports academies seeking integrated operational and athlete management solutions.Read more

13 Jun 2026

Simon Property Group has announced a new debt offering through one of its units, aimed at raising EUR 500 million from investors. The offering consists of unsecured notes carrying a fixed interest rate of 3.650% and maturing in 2031. The move forms part of the company's broader capital management strategy and provides access to funding through European debt markets. Simon Property Group, one of the world's largest retail real estate investment trusts (REITs), regularly uses bond issuances to support refinancing activities, strengthen liquidity and fund corporate requirements.Read more

12 Jun 2026

Unicorn Infosolutions, Apple’s largest premium retail and service partner in India, has announced plans to expand its network from 100 to 150 stores over the next three years, driven by growing demand for Apple products across smaller cities. The company expects its revenue to rise from INR 3,700 crore in FY2025-26 to between INR 5,500 crore and INR 6,000 crore during the expansion period. Having opened its 100th store in Gurugram, Unicorn is focusing on tier-III and tier-IV markets, where physical access to Apple product demonstrations and after-sales services remains limited. The retailer currently operates across 49 cities in nine states and expects new product categories, including entry-level Mac offerings, alongside financing options such as equated monthly instalments (EMIs), to support future growth.Read more

12 Jun 2026

Urban Vault, a Bengaluru-based coworking and managed workspace operator, has provided a 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing company backed by Vietnam’s Vingroup. The facility, located on Golf Course Road in Sector 54, accommodates around 500 seats and marks Green SM’s first office in India. The agreement forms part of a broader partnership under which Urban Vault will support Green SM’s workspace requirements across key Indian cities. The development comes amid strong demand for flexible office solutions in major urban markets, with coworking operators significantly increasing office leasing activity during the first quarter of 2026, according to industry data.Read more

12 Jun 2026

Thailand-based hospitality and property development company Dusit International has signed an agreement with luxury real estate and hospitality developer Atmosphere to launch the Dusit Princess Rishikesh in Uttarakhand. The upper-midscale hotel will feature 300 rooms and is expected to open in 2031. The project marks another step in Dusit International’s expansion strategy in India, a market it views as offering strong long-term growth opportunities. The development is expected to strengthen Rishikesh’s hospitality landscape, which has been witnessing increasing demand from leisure, wellness and experiential travellers.Read more

12 Jun 2026

• Nexus Select Trust plans to deploy INR 2,000 crore to expand its retail presence in Northeast India through acquisitions and greenfield developments.
• The REIT is assessing opportunities across key cities where organised retail supply remains limited despite growing consumption and urbanisation.
• The investment forms part of the company's broader portfolio expansion strategy beyond established metropolitan markets.
• The planned deployment highlights increasing investor interest in the Northeast's retail and commercial real estate sector.Read more

12 Jun 2026

The Enforcement Directorate (ED) has conducted a fresh round of searches across Punjab and Uttar Pradesh as part of its money laundering investigation into an alleged INR 100 crore GST fraud linked to mobile phone trading. The probe involves Punjab minister Sanjeev Arora, who was arrested last month and is currently in judicial custody. Search operations covered multiple residential and business premises associated with individuals and entities under investigation, including Hampton Sky Realty Ltd., a company linked to Arora. The latest action marks an expansion of the agency’s inquiry into alleged fraudulent GST transactions and the suspected laundering of proceeds generated through the scheme. The case has also had political implications in Punjab, with Arora’s ministerial portfolios being reassigned following his arrest.Read more

12 Jun 2026

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and strongerRead more