1 hour ago

Maharashtra has begun work on a new law that proposes the blockchain-based tokenisation of land and other immovable properties, making it the first state in India to pursue such legislation. The proposed framework aims to digitally represent property value through tokens while ensuring legal protection and ownership clarity. An expert committee with representatives from SEBI, BSE, NSE and industry specialists will help draft the framework. The initiative is expected to improve property transactions, unlock the value of real estate assets and support the state's long-term economic growth plans.Read more

4 hours ago

Indian real estate recorded 39 deals worth USD 2.3 billion during the April-June quarter, according to Grant Thornton Bharat, marking a nearly threefold increase over the previous quarter. The rise was driven by a recovery in fundraising through IPOs and Qualified Institutional Placements (QIPs), along with strong private equity investments. Merger and acquisition activity also remained steady, while institutional investors continued to focus on income-generating commercial assets. The quarter also saw major REIT transactions, reflecting sustained investor interest in India's commercial real estate sector.Read more

7 hours ago

Smartworks Coworking Spaces Ltd has expanded its engagement with L&T Technology Services by leasing more than 1,100 managed workspace desks at its Pune facility. The five-year agreement is expected to generate rental income of INR 55 crore for Smartworks. With the latest transaction, the flexible workspace operator now manages over 2,750 desks for L&T Technology Services across multiple cities. The deal reflects continued demand from large enterprises for managed office campuses offering operational flexibility and scalability. As of the end of FY2025–26, Smartworks operated a portfolio of 16.1 million sq ft across 66 centres in India and Singapore, serving more than 770 enterprise clients.Read more

11 hours ago

Eyewear retailer Lenskart has leased 88,343 sq ft of office space at Worldmark 6 in Delhi Aerocity, reinforcing its corporate presence in one of the capital's leading commercial districts. The long-term lease is estimated to have a rental outgo of around INR 232 crore over its tenure, according to property registration documents. The transaction reflects continued demand from occupiers for premium Grade A office spaces in established business hubs offering strong connectivity and modern infrastructure. Delhi Aerocity has witnessed sustained leasing activity from companies across technology, consulting, aviation, financial services and consumer sectors.Read more

18 hours ago

The International Financial Services Centres Authority (IFSCA) has released a consultation paper proposing to expand the list of overseas jurisdictions whose investment products can be distributed through GIFT City. The proposal would allow regulated distributors operating in GIFT IFSC to offer eligible investment products from additional international markets, including the European Union, the UAE, Singapore and Australia, subject to regulatory conditions. The move is aimed at broadening investment choices for eligible investors, strengthening GIFT City's position as an international financial services hub and aligning its distribution framework with global practices. IFSCA has invited public comments on the draft proposal before finalising the revised regulatory framework.Read more

20 hours ago

DCM Shriram Ltd has signed an agreement with Serentica Renewables India Pvt Ltd to develop a 58 MW (peak) hybrid renewable energy project for its manufacturing operations in Bharuch, Gujarat. As part of the deal, the company will invest up to INR 105 crore to acquire a minimum 26% equity stake in Serentica Renewables India. The project is scheduled for commissioning by June 2027 and will increase DCM Shriram's total renewable energy capacity to 176 MW (peak) across its Bharuch and Kota facilities, supporting its transition towards cleaner energy.Read more

21 Jul 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has allotted 76 returnable plots to 33 farmers who voluntarily contributed land under the Amaravati Land Pooling Scheme (LPS). The allotment was carried out through an online e-lottery system to ensure transparency, followed by the distribution of provisional allotment certificates. The plots include both residential and commercial categories across multiple villages. Farmers have been advised to complete the registration process at the earliest, with APCRDA officials extending technical support for plot identification through GIS and survey teams.Read more

21 Jul 2026

MakeMyTrip has initiated the process to list its India business by confidentially filing a draft red herring prospectus (DRHP) with SEBI for the proposed initial public offering (IPO) of its wholly-owned subsidiary, MakeMyTrip (India) Ltd. The offering is expected to comprise a sale of existing equity shares by the parent company and another wholly-owned subsidiary. The company said the listing is aimed at improving brand visibility, strengthening talent acquisition, and supporting long-term growth while continuing to retain control over its India business after the IPO.Read more

Hyderabad News Desk

21 Jul 2026

The Hyderabad Metropolitan Development Authority (HMDA) has initiated the process to de-notify the Kokapet Information Technology Special Economic Zone (IT SEZ), a move that could unlock around 90 acres of prime land for public auction. Subject to approval from the Union Ministry of Commerce, the proposed auction is expected to generate nearly INR 12,000 crore. The land, located in Hyderabad's rapidly growing western corridor, has remained largely unused for years after the planned IT SEZ failed to take shape. The proceeds are expected to support major infrastructure projects across the city.Read more

21 Jul 2026

• The Greater Chennai Corporation (GCC) has extended its special property tax collection camps until July 31, 2026, providing property owners additional time to clear pending dues.
• The initiative aims to improve tax compliance by offering residents accessible payment facilities and assistance through designated collection centres across Chennai.
• The extension forms part of the civic body’s efforts to strengthen property tax revenue collection and improve municipal financial management.
• Revenue generated through property taxes supports essential civic services, infrastructure maintenance and urban development activities undertaken by the corporation.Read more