2 hours ago

Manglam Group has launched PinkWest, an integrated commercial development on the Jaipur–Ajmer Highway with an estimated investment of INR 1,000 crore. Spread across nearly 13 lakh sq ft, the mixed-use project will comprise retail, office, hospitality, dining and entertainment components, including a 220-key Sheraton hotel operated under Marriott International. The developer said the project has already recorded more than INR 300 crore in sales and is expected to generate a development value of around INR 1,500 crore. Scheduled for completion by 2029, subject to construction progress and regulatory approvals, the development aims to cater to the growing commercial demand in West Jaipur, supported by improving connectivity and expanding residential and business catchments.Read more

4 hours ago

The Reserve Bank of India (RBI) has announced a buyback auction of government securities worth INR 20,000 crore, scheduled for next week, as part of its liquidity management measures. The auction will be conducted through the RBI's E-Kuber platform using the multiple price method. The move comes at a time when surplus liquidity in the banking system has declined sharply following Goods and Services Tax (GST) outflows. Alongside the buyback, the central bank has been conducting variable rate repo (VRR) auctions to inject short-term liquidity and maintain stability in the money markets.Read more

6 hours ago

Sunteck Realty Limited has reported higher revenue, profitability and sales performance for the first quarter of FY27, driven by growth in pre-sales and customer collections. Revenue stood at approximately INR 192 crore, while EBITDA increased 40% year-on-year to INR 67 crore and profit after tax (PAT) rose 26% to INR 42 crore. Operationally, the Mumbai-based developer recorded pre-sales of INR 787 crore, up 20% year-on-year, while collections increased 17% to INR 409 crore. The company also reported an improvement in EBITDA and PAT margins, reflecting stronger operating performance during the quarter.Read more

7 hours ago

GrowthX has entered India's managed office space market with the launch of GO Office Workspaces, investing over INR 8.6 crore to develop its first centre at Delphi Tower, Noida, in partnership with ORD Group. Spread across 72,000 sq ft, the facility will accommodate nearly 1,200 seats and cater to enterprises, startups, multinational companies and Global Capability Centres (GCCs). The company plans to expand its managed office portfolio to 500,000 sq ft across the National Capital Region (NCR) over the next 12–18 months, with further expansion into other metropolitan cities. The move comes amid rising demand for flexible office solutions, supported by growing GCC activity and increasing enterprise preference for managed workspaces.Read more

7 hours ago

AFC Furniture Solutions has obtained Bureau of Indian Standards (BIS) ISI Mark certification across four commercial furniture categories covered under the Government of India's Furniture (Quality Control) Order (QCO), 2025. Effective from February 13, 2026, the regulation makes BIS certification mandatory for the manufacture, sale and distribution of specified furniture products in India. The certifications cover work chairs, general-purpose chairs and stools, tables and desks, and storage units. According to the company, the achievement aligns its products with the mandatory national quality standards while complementing its existing international sustainability certifications as the furniture industry adapts to the new regulatory framework.Read more

Bangalore News Desk

8 hours ago

India's Grade A office market maintained positive rental momentum during the first quarter of CY2026, according to the sixth edition of the IIM Bangalore–CRE Matrix Commercial Property Rental Index (CPRI) report. Based on registered lease transactions, the index recorded a 2.9% year-on-year increase across Tier-1 office markets, with a three-year compound annual growth rate (CAGR) of 4.8%. Bengaluru retained the highest CPRI score among major office markets, Mumbai recorded the strongest three-year rental appreciation, while Delhi posted the fastest quarter-on-quarter rental growth, highlighting varied growth trends across India's commercial real estate markets.Read more

Jagmohan T, Director, Casagrand's Pune Zone

10 hours ago

Pune's residential market is entering a new phase of growth, driven by expanding infrastructure, strong housing demand and the emergence of new investment corridors. While established locations continue to perform well, improving connectivity through projects such as Metro Line 3 and the Pune Ring Road is directing buyer interest towards developing micro-markets including Manjari, Tathawade, Ravet and Wagholi. With record residential launches, steady sales growth and rising capital values, investors are increasingly prioritising neighbourhoods that combine connectivity, social infrastructure and long-term liveability. As the city evolves beyond its traditional residential hubs, identifying these emerging growth corridors is becoming central to making informed and sustainable real estate investment decisions.Read more

11 hours ago

Australian equities moved higher, with the benchmark S&P/ASX 200 index touching its highest level in nearly five weeks, supported by strong gains in real estate, mining and financial stocks. Investors remained focused on the upcoming employment data for cues on inflation and the central bank's interest rate outlook. Macquarie Group also remained in focus after announcing a leadership transition, while rising gold and oil prices lifted mining and energy stocks. Market sentiment was further supported by gains in major banks and listed property companies.Read more

12 hours ago

A joint home loan allows two or more eligible applicants to combine their incomes, potentially increasing their borrowing capacity while sharing repayment responsibility. The loan structure is commonly used by spouses and certain family members, subject to lender eligibility norms. Bajaj Finance offers joint home loans with loan amounts of up to INR 15 crore, interest rates starting from 7.25% per annum for eligible salaried applicants, and repayment tenures of up to 32 years. Applicants should evaluate ownership, repayment responsibilities, eligibility, credit profiles and documentation before applying.Read more

17 hours ago

Vietnam's State Treasury raised USD 232 million through its weekly government bond auction, marking a notable improvement from the previous week's auction as investor participation strengthened. The auction recorded a higher subscription rate, with nearly half of the bonds offered being sold. Strong demand was seen for five-year and 10-year bonds, while longer and shorter-tenure securities received limited interest. The government continues to rely on bond issuances to meet its annual fundraising target, with more than one-third of the planned amount already mobilised this year.Read more

24 Jul 2026

AvalonBay Communities has suspended its full-year earnings outlook following its pending merger with Equity Residential, while reporting mixed financial results for the second quarter. The company's core funds from operations improved slightly on a year-on-year basis, supported by growth in same-store residential revenue. However, diluted earnings declined compared to the previous year. The company also highlighted a challenging operating environment, with elevated interest rates and tariff-related uncertainty affecting consumer confidence and slowing demand for new residential leases. The proposed merger is expected to create one of the world's largest listed residential rental companies.Read more

24 Jul 2026

IndusInd Bank reported a strong financial performance for the June quarter, with consolidated net profit rising 72% year-on-year to INR 1,037.05 crore, supported by lower provisions and an improvement in asset quality. The bank said the measures taken over the past year have strengthened its balance sheet and business fundamentals following governance-related challenges. While loan growth remained subdued and net interest income saw only a marginal rise, the lender expects stronger business momentum, better profitability, expanding margins in the second half of FY27, and loan growth in line with the industry.Read more

24 Jul 2026

Equity Residential has suspended its full-year earnings outlook following its planned merger with AvalonBay Communities, while reporting a modest increase in second-quarter funds from operations (FFO) that exceeded analysts' estimates. The company also raised its full-year same-store net operating income (NOI) growth guidance after recording higher occupancy, strong lease renewals and improved rental revenue during the quarter. Despite continued pressure from elevated interest rates, the apartment REIT maintained positive operating performance, supported by resilient demand and limited housing supply across its key markets.Read more

24 Jul 2026

Tattva Wellness Spa has expanded its presence in North India with the opening of its first outlet in Jalandhar at Radisson Hotel on GT Road. The new facility offers massage therapies, skincare treatments, salon services and wellness add-ons for hotel guests as well as local residents. The spa features dedicated therapy rooms, steam and shower facilities, and follows Tattva's element-inspired wellness philosophy. The launch further strengthens the brand's network, which now spans more than 120 locations across India through partnerships with hotels, resorts and standalone wellness centres.Read more

24 Jul 2026

Shiksha Financial Services India Private Limited has completed its first securitisation transaction with a housing finance company by partnering with DMI Housing Finance Private Limited. The deal involved the issuance of pass-through certificates worth INR 43.4 million backed by a pool of mortgage-backed loans. With this transaction, Shiksha's cumulative securitisation fundraising has crossed INR 200 million. The company said the deal expands its investor base while strengthening its long-term funding strategy. The transaction also reflects continued investor confidence in Shiksha's micro-loan against property portfolio, which primarily serves MSMEs and informal sector workers.Read more

24 Jul 2026

The European Investment Bank (EIB) Group has selected Nextensa’s Treemont development in Brussels as the future home of its Permanent Representation in the city. The relocation is planned for the second quarter of 2028 and marks a long-term office commitment in Brussels' European district. Treemont is being developed as a timber-framed, carbon-neutral office building with a strong focus on sustainability and modern workplace standards. The move highlights the growing demand for environmentally efficient office spaces among major European institutions.Read more

24 Jul 2026

Air India has announced that it will shift its operations at New York's John F. Kennedy International Airport from Terminal 4 to the newly developed Terminal 6 in 2028. The move is part of the airline's efforts to enhance the travel experience for passengers on its India-US routes. Along with relocating its operations, Air India will open its signature Maharaja Lounge at the new terminal. Until the transition takes place, the airline will continue operating its Delhi and Mumbai flights from Terminal 4 using Airbus A350 and Boeing 777 aircraft.Read more

24 Jul 2026

Foreign banks have passed on the Reserve Bank of India's policy rate cuts to borrowers and depositors more effectively than public and private sector banks during the current easing cycle, according to the RBI's latest monthly bulletin. The data showed that foreign banks recorded the steepest reductions in lending as well as deposit rates across both fresh and outstanding accounts. The central bank also noted that the transmission of policy rate cuts remained particularly strong in sectors linked to repo-based lending, including infrastructure, reflecting the growing impact of external benchmark-linked lending norms.Read more

24 Jul 2026

A consortium backed by BlackRock and Abu Dhabi investment fund MGX has committed an additional USD 5 billion in growth capital to Aligned Data Centers after completing its USD 40 billion acquisition of the US-based data centre operator from Macquarie Asset Management. The investment forms part of the consortium's broader strategy to expand digital infrastructure supporting artificial intelligence (AI) and cloud computing. Aligned Data Centers currently operates or is developing 51 data centre campuses with more than 6.4 gigawatts (GW) of operational and planned capacity globally. The consortium plans to deploy USD 30 billion in equity initially, with total investments potentially reaching USD 100 billion, including debt.Read more

24 Jul 2026

CSB Bank reported a 27% year-on-year increase in its net profit for the first quarter of FY27, supported by healthy growth in its core banking income. The private sector lender recorded higher total income, interest income and net interest income during the quarter, reflecting steady business growth. Asset quality also improved, with both gross and net non-performing assets declining compared to the corresponding period last year. Lower provisions further supported profitability, although the bank's capital adequacy ratio moderated from the year-ago level while remaining comfortably above regulatory requirements.Read more