Frasers Property in Thailand is making a second attempt to privatise its REIT in a USD 1 billion deal. The company aims to gain full control by buying out remaining shareholders. The move comes amid global shifts in property investment sentiment and market restructuring strategies.

The NCRTC has launched a new 'Work from Station' co-working model at Ghaziabad's Namo Bharat Station, in collaboration with Anant Raj Limited. Aimed at promoting hybrid working and last-mile connectivity, the initiative offers flexible office spaces at transit hubs, enhancing commuter convenience and boosting station utility.

Hyderabad has emerged as the world's top life sciences manufacturing hub, with over 40% of India's bulk drug and vaccine production based there. The city's robust infrastructure, skilled workforce, and proactive government policies have helped it attract global pharmaceutical and biotech investments.

The Noida Authority has sealed the offices of 12 real estate developers after they failed to pay a combined INR 175 crore in dues, despite repeated recovery notices. The crackdown comes as part of stricter enforcement against defaulters, and notices were issued under the UP Urban Planning and Development Act. Further legal actions are expected.

The Uttar Pradesh government plans to set a maximum cap of INR 100 on the registration fee for rent agreements. This move aims to streamline the rental process and curb unnecessary charges. The state cabinet will review and approve this proposal, which seeks to simplify property rental documentation for tenants and landlords.

The Haryana government has endorsed the High Court's directive to act against unauthorised constructions in DLF areas of Gurugram. The court has ordered authorities to demolish illegal structures and ensure strict adherence to approved building norms. The state's support underscores its commitment to regulate high-end residential areas.

The Municipal Corporation of Delhi has identified nearly 9,000 commercial users who are paying residential property taxes, causing significant revenue loss. These include coaching centres, offices, and salons. The civic body plans to revise these assessments and recover the differential tax amount. Legal action may follow for defaulters.

The Odisha government has appointed former IAS officer Bishnupada Sethi as the chairperson of Odisha RERA. Two other key members have also been inducted to strengthen regulatory oversight in the real estate sector. The appointments are expected to enhance transparency and ensure better compliance under the RERA framework.

The Telangana RERA has penalised a Hyderabad-based developer for delaying villa handovers by over nine years. The builder has been directed to pay compensation and deliver possession to affected buyers immediately. This action underscores the authority's commitment to holding defaulting developers accountable.

The Department of Town and Country Planning (DTCP) demolished illegal constructions on 18 acres of land in Gurugram. The structures, including boundary walls and huts, were built without approvals. The crackdown was part of an anti-encroachment drive to recover encroached government land.

The Hyderabad Urban Development Authority is promoting land pooling schemes to generate revenue for infrastructure projects. Landowners will receive a portion of developed land in return, encouraging participation without heavy compensation payouts. The initiative is seen as a sustainable funding model for expanding city infrastructure.

Fitch Ratings has downgraded China Vanke, a major property developer, due to worsening liquidity and weak sales performance. The downgrade reflects increasing concerns over the company's ability to meet debt obligations. The decision is part of growing scrutiny of China's property sector amid ongoing financial stress.

Germany's Deutsche Pfandbriefbank (PBB) has stopped taking on new US business due to continued real estate market volatility. The bank cited challenging conditions and exposure risks as reasons. This decision highlights growing caution among global lenders about the US commercial property sector.

SEBI has cautioned investors following Strata SM REIT's decision to surrender its registration. The real estate investment trust, backed by Strata Property Management, is now de-registered, and SEBI has clarified it will not be responsible for any business activity undertaken under the REIT's name going forward. Investors are advised to exercise caution and verify regulatory status before investing.

Two long-delayed housing projects in Noida Golf Avenue II and Hyde Park have resumed work following a tripartite agreement between buyers, builders, and UPRERA. Nearly 2,000 homebuyers are expected to benefit. UPRERA's intervention aims to revive stuck projects by ensuring collaboration and structured repayments, offering hope to buyers left in limbo for years.

The Enforcement Directorate conducted searches at 13 locations in Vasai-Virar as part of a money laundering probe linked to unauthorised buildings. The case stems from FIRs filed under the Maharashtra Ownership Flats Act and IPC against several developers and municipal officials for clearing illegal constructions, some of which were demolished earlier.

TGRERA has instructed a Hyderabad-based builder to either register a plot or refund the buyer due to delays in project completion. The directive came after the buyer lodged a complaint regarding non-compliance with timelines. The regulatory body is enforcing stricter measures to protect buyers rights amid growing project delays in Telangana.

The Indian Renewable Energy Development Agency (IREDA) has taken Gensol Engineering to the National Company Law Tribunal over outstanding dues. The renewable energy firm reportedly defaulted on loan payments, prompting IREDA to initiate insolvency proceedings to recover its funds. The case reflects stricter financial accountability in the green energy sector.

Borana Weaves has announced its IPO price band at INR 205-216 per share. The public offering will open on May 20 and close on May 22. The company aims to raise capital to support working capital requirements and business expansion. The lot size is set at 600 shares, with a minimum investment of INR 1.23 lakh.

San Francisco-based fintech firm Chime Financial has filed publicly for an IPO, targeting a potential listing in June. The company, known for its no-fee banking services, aims to expand its digital banking footprint. This filing marks a significant step in the U.S. fintech IPO space, which has seen limited activity in recent years.

Accretion Pharmaceuticals' IPO witnessed a 49% subscription on its opening day. The issue received 48.76 lakh bids against 99.56 lakh shares on offer. The company, engaged in pharma formulations, plans to use the proceeds for capital needs and expansion. Subscription is open till May 16, with positive investor interest expected in the coming days.

Metropolis Healthcare saw a 19.96% fall in its stock price despite reporting revenue growth. The dip is attributed to lower margins and muted profit outlook. Investors appear concerned over the company's operational performance and cost pressures, affecting sentiment despite top-line improvements.

New York-based BAT VC has launched a USD 100 million (around INR 833 crore) India-focused AI fund BAT VC Fund II. This marks its entry into the Indian startup ecosystem, aiming to support 25 AI-driven startups in sectors like real estate, finance, health, and education. The VC has already invested in three startups and is eyeing further deals in 2025.

Mumbai's urban upgrade plans include large-scale redevelopment of British-era infrastructure to meet modern standards. Projects focus on rebuilding old rail bridges, stormwater systems, and public spaces. This modernisation aims to improve resilience, connectivity, and safety, while aligning the city with future infrastructure needs. The efforts are part of broader city transformation goals.

Retail expansion is accelerating in Tier 2 and 3 cities, where demand is being fuelled by rising consumption and strong e-commerce penetration. Brands are targeting these markets for physical stores, logistics hubs, and last-mile delivery. The trend is reshaping the retail landscape, outpacing growth in Tier 1 cities and creating new investment opportunities.

Delhi-NCR has emerged as a key focus area for top real estate developers, driven by infrastructure upgrades, better connectivity, and rising demand. The region is witnessing a surge in new launches, including luxury and mid-segment housing, with areas like Gurugram and Noida leading the way. Developers are also targeting commercial real estate and integrated townships.

Dubai Holding plans to raise up to USD 487 million through the IPO of its residential REIT. The offering includes 1.7 billion ordinary shares, with the subscription opening on May 14. Proceeds will be used to invest in residential communities and enhance the emirate's housing infrastructure. The REIT will focus on long-term rental housing assets.

Nexus Select Trust reported a 7% year-on-year rise in operating income, reaching INR 447 crore in Q4 FY25. The growth was driven by strong retail consumption and consistent leasing activity across its malls. The trust, backed by Blackstone, also recorded a 10% increase in net operating income, reflecting robust demand in the organised retail sector.

The Maharashtra cabinet has approved a concessional stamp duty of INR 1,000 for homes allotted under the Smart City rehabilitation project in Nagpur. The decision is expected to benefit around 6,000 allottees, easing their financial burden during the registration process. The move aligns with the government's efforts to promote affordable housing and streamline the regularisation of slum areas.

The Goa government is preparing to introduce legislation to regularise unauthorised houses built on comunidade, alvara, and private lands. Chief Minister Pramod Sawant stated that the new law, expected in the monsoon session, will offer ownership rights to thousands of dwellings. The government has already identified land parcels and plans to use survey records for verification.

Despite filing PT3 forms over a year ago, many property owners in Pune are still waiting for their promised 40% property tax rebate. The delay has caused frustration among taxpayers, with authorities citing backend processing issues. The matter has raised concerns over administrative efficiency in delivering civic benefits.

Chhattisgarh's Agriculture Minister announced the allocation of over 8 lakh houses under central and state housing schemes. This includes beneficiaries under Pradhan Mantri Awas Yojana (PMAY) and other state initiatives, supporting efforts to ensure housing for economically weaker sections across the state.