13 Feb 2026

Global private equity firm The Carlyle Group has agreed to acquire a majority stake in Nido Home Finance, the housing finance arm of Edelweiss Financial Services, through a mix of secondary stake purchase and fresh capital infusion. The transaction, valued at around INR 2,100 crore or USD 230 million, will result in Carlyle entities holding nearly 73% ownership on a fully diluted basis. The deal also includes participation from Aditya Puri's family office and is subject to multiple regulatory approvals.Read more

13 Feb 2026

Brihanmumbai Municipal Corporation (BMC) has initiated e-auction proceedings against six properties in Mumbai for non-payment of property tax amounting to INR 455.48 crore. The civic body also issued 21-day final notices to two additional defaulters in the Fort area of south Mumbai. The identified properties are located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon and Malad-Kurar village. Authorities said attachment and distraint action has been taken under provisions of the Mumbai Municipal Corporation Act. If dues remain unpaid after movable assets are auctioned, immovable properties will be put up for sale in compliance with statutory provisions and a Bombay High Court interim order.Read more

13 Feb 2026

Kolkata witnessed a sharp 239 per cent year-on-year rise in Global Capability Centre (GCC) leasing in 2025, according to property consultancy Cushman & Wakefield. GCC gross leasing in the city increased to 0.51 million square feet (MSF) in 2025 from 0.15 MSF in 2024. GCCs accounted for 30 per cent of Kolkata's total office leasing of 1.71 MSF during the year, up from 9 per cent in the previous year. While overall volumes remain modest compared to record pan-India GCC leasing of 29.3 MSF in 2025, the data signals strengthening market depth and rising talent-driven demand. IT-BPM firms led sectoral demand, and EMEA-headquartered companies emerged as the primary occupiers.Read more

13 Feb 2026

Smartworks Coworking Spaces has taken another step to expand its footprint by signing a lease deed for additional capacity in Mumbai. The company disclosed that the expansion will require an investment of around INR 250 million. The move aligns with Smartworks ongoing strategy to grow its presence in key commercial markets where demand for flexible office space remains steady. Mumbai continues to be a core market for coworking operators due to sustained demand from enterprises and mid-sized firms seeking managed and flexible workspaces.Read more

13 Feb 2026

The RBI has proposed a regulatory change exempting small non-deposit-taking NBFCs with assets under INR 1,000 crore from mandatory registration, creating a new category called Unregistered Type I NBFCs. These companies, which operate without public funds or customer interaction, are considered low-risk and not subject to systemic concerns. The exemption, effective April 2026, aims to ease compliance while maintaining safeguards, as any such NBFC intending to access public funds or serve customers must register as a Type II NBFC. The RBI is seeking stakeholder feedback on the draft directions by March.Read more

Mumbai News Desk

13 Feb 2026

Mumbai recorded 11,219 property registrations in January 2026, marking an 8 % year-on-year decline compared with the same month last year, according to data from the Maharashtra Inspector General of Registration. Despite the fall in volume, stamp duty collections increased by about 2 % to around INR 1,012 crore, underscoring steady transaction value in the city's real estate market. On a month-on-month basis, both registrations and stamp duty receipts eased, reflecting typical seasonal moderation in early calendar year activity. Analysts said the divergence between volume and revenue suggests sustained demand for higher-value homes, particularly in mid-to-premium segments, which has helped buoy government revenue despite fewer transactions overall. The data highlights ongoing resilience in Mumbai's residential property market amid evolving buyer preferences and broader economic conditions.Read more

13 Feb 2026

The National Housing Bank (NHB) has pressed housing finance companies and banks to lower home loan interest rates to pass on reduced borrowing costs to customers, industry sources said. NHB's managing director reportedly stressed the need for lenders to adjust prime lending benchmarks following significant decreases in funding costs. However, most mortgage lenders have indicated they will delay meaningful rate cuts until their internal benchmarks are reset in April, coinciding with scheduled annual reviews. A few lenders have initiated modest reductions in prime lending rates ahead of April, but the broader transmission of lower funding costs to existing borrowers remains limited. NHB's push reflects ongoing concern that the benefits of prior policy rate cuts and lower refinance rates have not been fully passed through to home loan customers.Read more

Pune News Desk

13 Feb 2026

UBS Business Solutions India has leased an entire commercial office tower in Pune's Yerwada area under a long-term agreement valued at over INR 263 crore. The company has taken a fully managed and furnished workspace spanning about 165,290 sq ft at Tech Park One, with seating capacity for nearly 1,520 people. The lease reflects continued demand from global financial services firms for ready-to-use office spaces in Pune, particularly in well-connected micro markets such as Yerwada's Airport Road corridor.Read more

12 Feb 2026

Vivriti Asset Management (VAM), a mid-market private credit-focused Alternative Investment Fund (AIF) manager, has outlined plans to achieve a 25&30% compounded annual growth rate over the next five years, citing strong demand for specialised debt solutions. The firm, which manages nearly INR 5,000 crore in assets, intends to double its fundraising from the Kolkata market by FY27 as part of a broader push in Eastern India. With the domestic debt AIF market estimated at INR 2&2.25 lakh crore and Kolkata's market valued at around INR 15,000 crore, VAM sees significant potential among high-net-worth individuals and family offices seeking yield with lower volatility than equities. The firm is also preparing to launch a INR 3,000 crore Diversified Bond Fund-Series III in 2026.Read more

Mumbai News Desk

12 Feb 2026

MahaRERA has directed the developer of a Goregaon residential project to pay interest to two homebuyers for delayed possession and has imposed a penalty of INR 2 lakh for violating provisions of the Real Estate (Regulation and Development) Act. The authority found that possession was not offered on time despite the occupation certificate being obtained. It rejected the promoter's arguments related to pandemic-related delays and redevelopment issues, holding that buyers are entitled to statutory interest from January 2020 until actual handover of the flats.Read more