11 Mar 2026

Truhome Finance, backed by global private equity firm Warburg Pincus, has filed draft papers with the Securities and Exchange Board of India to raise INR 3,000 crore through an initial public offering. The issue includes a fresh equity issue of INR 1,500 crore and an offer for sale of INR 1,500 crore by promoter Mango Crest Investment Ltd. The housing finance company plans to use the proceeds from the fresh issue to strengthen its capital base and support lending growth. Earlier known as Shriram Housing Finance, the lender has built a strong presence in the affordable housing loan segment.Read more

11 Mar 2026

The fifth edition of The Economic Times Real Estate Conclave & Awards (ETRECA) 2026 was recently held in Mumbai, bringing together policymakers, developers, investors, and sector experts. Discussions focused on urban redevelopment, housing affordability, changing office space demands, technology adoption, and emerging capital markets. Industry leaders emphasised resident-centric planning, financing reforms, and sustainable urban development as crucial priorities. Following the conclave, the RECA 2026 awards recognised excellence across developers, residential and commercial projects, shared spaces, PropTech innovation, and leadership categories, including Lifetime Achievement and Young Achiever honours.Read more

Hyderabad News Desk

10 Mar 2026

Charles Schwab has further expanded its presence in India by leasing a large office space in Hyderabad's Gachibowli IT corridor to support its global capability centre operations. The Indian subsidiary signed a five year lease for roughly 3.45 lakh square feet across five floors at Phoenix Equinox Tower 2. Monthly rent is set at about INR 108 per sq ft with a 5 % annual escalation, and payments will begin in phases from next April and July. The space will accommodate technology, analytics, and other critical support functions, reflecting Hyderabad's continued appeal for multinational firms.Read more

10 Mar 2026

Real estate developer County Group has announced an investment of more than INR 1,200 crore to develop a luxury residential project in Noida. The project, named Clove County, will be built on a 5-acre land parcel located in Sector 151 along the Noida Greater Noida Expressway. The development will feature 226 premium apartments priced between INR 10 crore and INR 18 crore. According to the company, the land was acquired through an auction for nearly INR 500 crore. County Group said the project reflects strong demand for high-end housing in the Noida market. The company, a major developer in the National Capital Region (NCR), has already delivered multiple residential and commercial developments across cities including Noida, Greater Noida, Ghaziabad, Gurugram and New Delhi.Read more

Pune News Desk

10 Mar 2026

ICICI Prudential Asset Management's alternative investment fund has expanded its commercial real estate holdings by acquiring a Grade A IT park in Pune for approximately INR 520 crore. The Aditya Shagun Infinity IT Park in Baner spans around 388,000 sq ft and is leased to prominent companies including Eaton Corporation, Accenture, and Jaguar Land Rover. With an annual rent escalation of 4.7% and nearly nine years of average lease tenure, the acquisition strengthens the fund's strategy of investing in stabilized office assets. The fund has a history of similar acquisitions across Pune and other key cities, targeting steady rental income and asset appreciation.Read more

10 Mar 2026

CRE Matrix said office rentals in Navi Mumbai are about 21% lower than the average rentals in major Tier-1 cities, making the market increasingly attractive for multinational companies and global capability centres (GCCs). According to the firm's report, Navi Mumbai Rising: A Comprehensive Perspective on India's Next Commercial Real Estate Hub, average office rents in the city are around INR 70 per sq ft per month. The report highlights strong growth in the region's commercial real estate sector, supported by infrastructure development, competitive costs and rising occupier demand. Navi Mumbai currently has around 32.7 million sq ft of prime office stock with over 430 occupiers, while an additional 23.5 million sq ft of office space is expected to be developed by 2031.Read more

10 Mar 2026

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more

10 Mar 2026

The Maharashtra government has announced a major underground metro corridor connecting Wadala to the Gateway of India in Mumbai at an estimated cost of INR 23,487 crore. The project, proposed as Metro Line 11, was outlined during the state budget presentation and aims to strengthen connectivity to South Mumbai. The government also indicated plans to extend the line from Dharavi to Bandra suburban railway station and Bandra Terminus in the future. Along with this corridor, the state highlighted progress on several metro expansions, tunnel projects and transport infrastructure developments aimed at improving urban mobility across the Mumbai Metropolitan Region.Read more

09 Mar 2026

The Maharashtra government is considering an increase of more than 5% in ready reckoner (RR) rates from April 2026, a move linked to the state's rising debt burden and widening revenue deficit. RR rates serve as the government's benchmark property valuation used to calculate stamp duty and registration charges. Officials indicated that the revision is under evaluation by the state registration department after district-level consultations and analysis of property transactions across major urban markets. In several cities such as Mumbai, Pune and Thane, transaction values already exceed existing benchmark rates, prompting the government to examine a revision to better align official valuations with market trends. The final decision is expected before the end of March, and if implemented, the change could increase the cost of property registrations across the state.Read more

09 Mar 2026

The Competition Commission of India (CCI) has approved a proposed transaction involving Bagmane Prime Office REIT acquiring stakes in several Bagmane Group entities. The deal includes the direct acquisition of Bagmane Developers Private Limited, along with its subsidiary Bagmane Green Power LLP, and the indirect acquisition of Bagmane Rio Private Limited. The transaction also involves the transfer of the commercial asset Luxor @ Bagmane Capital Tech Park through the acquisition structure. Under the deal, the REIT's sponsor group and certain third-party shareholders will receive REIT units in exchange for transferring their shareholdings in the target companies. Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India in July 2025. The approval confirms that the combination does not raise competition concerns.Read more