1 hour ago

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

3 hours ago

UK-based oil producer EnQuest has agreed to acquire interests in four offshore production-sharing contracts in Malaysia from Petronas in a deal valued at up to USD 833 million. The transaction marks a significant step in EnQuest’s strategy to expand its presence in Southeast Asia and diversify beyond the North Sea. The acquisition is expected to boost the company’s production levels and strengthen its international portfolio. Investors welcomed the announcement, sending EnQuest shares sharply higher in early trading.Read more

7 hours ago

Tamil Nadu has completed the assignment of guideline values for every land survey number across the state, marking a significant reform in property registration and valuation. The initiative, announced by the Registration Department, aims to bring greater transparency and consistency to land transactions by ensuring that each parcel of land has a designated market guideline value. The exercise covers both urban and rural areas and is expected to reduce valuation disputes, improve revenue collection and streamline property registrations. Officials indicated that the project was undertaken using extensive field surveys and digital mapping tools. The move forms part of the state's broader efforts to modernise land administration, enhance the accuracy of property records and support a more transparent real estate market.Read more

11 hours ago

The Odisha government has approved a reduction in stamp duty for Economically Weaker Section (EWS) housing, providing relief to lower-income homebuyers and reinforcing its affordable housing agenda. The decision comes amid concerns that recent changes to apartment registration and stamp duty provisions could increase transaction costs for affordable housing purchasers. The revised framework is intended to lower the upfront cost of homeownership for economically vulnerable households while supporting housing accessibility across the state. The measure forms part of a broader set of reforms undertaken by the state government in recent months to streamline apartment registration, simplify common-area ownership transfers and improve transparency in property transactions. The move is expected to benefit beneficiaries of affordable housing schemes and first-time homebuyers within the EWS category.Read more

14 hours ago

Indore has retained its position as the highest contributor to property registration revenue in Madhya Pradesh, reflecting sustained real estate activity despite rising property valuations and a moderation in transaction volumes. Data from the state registration department shows the city generated the largest share of stamp duty and registration collections among districts in the state. The performance comes amid significant appreciation in collector guideline rates across several micro-markets and continued demand for residential and commercial assets. Officials attribute the strong revenue generation to high-value transactions, infrastructure-led growth and ongoing urban expansion. The figures underline Indore’s growing significance within Madhya Pradesh’s property market and its role as a key source of revenue for the state government.Read more

11 Jun 2026

A proposed government auction of a prime land parcel in Hyderabad’s Banjara Hills, expected to fetch around INR 1,000 crore, has become embroiled in an ownership dispute after private claimants challenged the state's title over the property. The land, located in one of Hyderabad’s most expensive real estate markets, was scheduled to be auctioned by the Telangana government as part of its land monetisation programme. However, competing ownership claims have raised questions over the transaction, prompting legal scrutiny and uncertainty over the sale process. The dispute has attracted significant attention from developers and investors due to the parcel’s strategic location and development potential, highlighting the importance of clear land titles in high-value urban land transactions.Read more

11 Jun 2026

Home loan interest rates in India continue to be influenced by monetary policy decisions, inflation trends and individual borrower profiles, with the Reserve Bank of India maintaining the repo rate at 5.25% in its latest policy review. While benchmark rates have remained stable, lenders continue to assess applicants based on factors such as CIBIL Score, income stability, loan amount and property characteristics. Industry estimates indicate that even marginal differences in borrowing rates can significantly alter monthly EMIs and total repayment obligations over the life of a loan. Borrowers are increasingly using EMI calculators to compare repayment scenarios, assess affordability and evaluate tenure options before approaching lenders. The trend reflects growing awareness among homebuyers of the long-term financial implications associated with home loan borrowing decisions.Read more

11 Jun 2026

Experiences marketplace Bucketlistt has secured INR 1.07 crore in a pre-seed angel funding round at a post-money valuation of INR 10.07 crore. The funding round attracted participation from angel investors including Arvind Choudhar, Aenik Shah, Kartik Khatri and Yash Mehta. The company plans to deploy the capital towards strengthening its technology infrastructure, expanding its operator network, accelerating customer acquisition and scaling OkGhumo, its recently launched ERP and CRM platform for experience providers. Founded in 2025, Bucketlistt operates a curated marketplace for adventure, cultural and spiritual experiences and claims to have facilitated more than INR 10 crore in bookings while serving over 31,000 customers within five months of launch. The company is now preparing to expand into additional tourism destinations across India.Read more

11 Jun 2026

ASK Property Fund has launched its fourth real estate debt fund with a target corpus of INR 3,500 crore, aimed at financing mid-income residential projects across six major Indian property markets. The fund, named ASK Real Estate Special Situations Fund IV, will raise capital from domestic and offshore investors and provide funding for project completion, lender replacement, acquisitions and distressed asset opportunities. Backed by a track record of 40 completed exits and strong returns from previous debt funds, the platform is targeting investment-level returns of 20 per cent. The launch comes as residential developers continue to seek structured capital solutions amid sustained housing demand and ongoing consolidation across key urban markets.Read more

11 Jun 2026

DK Vertex, a co-working and managed workspace operator under the Vertex Group, has invested around INR 70 crore to establish seven flexible workspace centres across Gurugram, Mumbai and Bengaluru as demand for managed office solutions continues to rise. The company launched a new 700-desk facility in Gurugram in the past week and plans to offer seats at rentals ranging from INR 14,000 to INR 18,000 per desk. Of the seven centres, four are already operational, providing around 6,000 seats with occupancy reaching 75 per cent. The remaining capacity, including 4,000 built-to-suit seats, is expected to become operational over the next two months. The expansion comes amid sustained growth in India's flexible workspace segment, which accounted for 18 per cent of office leasing activity during the January-March quarter.Read more