WeWork India has launched a new flexible workspace, ‘WeWork Lightbridge’, in Mumbai’s Powai area in partnership with the Hiranandani Group. Spread across 1.9 lakh sq ft, the center offers nearly 2,000 desks and caters to growing demand from enterprises and startups for premium office spaces in the city.

Ultraviolette Automotive, manufacturer of premium electric scooters and motorcycles, plans to establish a retail presence in European countries, a company official said on Tuesday. The firm also set foot in Kolkata with two products in the electric motorcycle and electric scooter segment, he said. With its plant located near Bengaluru in Karnataka, he said the company, backed by a spectrum of global investors, also aims to reach 50 cities across the country by the fiscal 2025-26. - PTI

Realty firm Arkade Developers Ltd on Tuesday said it expects Rs 865 crore revenue from a redevelopment project in Mumbai. In a regulatory filing, the company informed it has secured cluster redevelopment rights and registered the development agreement for Satya Shreepal Nagar A CHS Ltd, Om Shreepal Nagar B & C CHS Ltd, Sheetal Shreepal CHS Ltd and Sai Shreepal CHS Ltd. The project will have a saleable carpet area of approximately 2.44 lakh square feet. Mumbai-based Arkade Developers has so far completed 31 projects comprising 55 lakh square feet. Another 20 lakh square feet area is under development. - PTI

Realty firm Brigade Enterprises Ltd will develop a 10-acre housing project in Mysuru, Karnataka, with a revenue potential of Rs 225 crore. The company did not name the landowner with whom it has signed the JDA. The project, with a gross development value (GDV) of about Rs 225 crore, has a total development potential of 0.37 million square feet comprising plots and apartments. Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said, “Mysuru holds immense potential as a growth hub, thanks to its unique blend of cultural richness and rapidly advancing infrastructure. The city has witnessed a clear uptick in real estate activity in recent years, especially following the improved connectivity brought about by the Bengaluru-Mysuru expressway." Established in 1986, Brigade Enterprises is one of India’s leading property developers. It has developed many housing, office, retail and hotel projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum and Gift City, Gujarat. - PTI

State-owned Power Finance Corporation (PFC) on Tuesday signed an agreement with MMRDA to provide Rs 1 lakh crore worth of finance for infrastructure projects. A Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA) was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, PFC Director (Projects) Rajiv Ranjan Jha, and Metropolitan Commissioner MMRDA Sanjay Mukherjee in Mumbai. "The MoU seeks to establish a robust collaborative working partnership between MMRDA and PFC which envisages financial assistance up to Rs 1,00,000 crore by PFC for developing bankable infrastructure projects in the Mumbai Metropolitan Region (MMR)," PFC said. PFC is a non-banking financial company (NBFC) under the Ministry of Power.

BizConnect, a Bengaluru-based industrial communication provider, has launched ‘XploR’, a new immersive technology division focused on offering extended reality (XR), augmented reality (AR), virtual reality (VR), and 3D solutions. Targeting Indian manufacturing, engineering, and automotive sectors, ‘XploR’ enables companies to demonstrate complex machinery and vehicle models virtually, eliminating the need for physical logistics. CEO Sanjeev De stated that the solutions could reduce demo logistics costs by up to 70% while enhancing sustainability through lower travel and print dependencies. This tech-driven approach reflects a shift towards efficient and eco-conscious industrial operations. - PTI

The rupee declined for the third consecutive session, falling by 50 paise to settle at INR 86.26 against the US dollar on Tuesday — its sharpest single-day drop in nearly three months. Forex traders cited concerns over a potential global trade war, rising crude oil prices, and persistent foreign capital outflows.

A USD 110 million triplex penthouse at Manhattan’s Steinway Tower, the world’s skinniest skyscraper, is up for sale. Spanning 7,000 sq. ft., it features private elevators, panoramic Central Park views, and ultra-luxury interiors across the top three floors of the iconic tower.

Recent tremors in Thailand have prompted Bangkok residents to seek earthquake-proof homes despite the city’s historically low seismic activity. Developers are now promoting structurally resilient designs as growing public anxiety fuels demand for safer residential options in one of Southeast Asia’s most vibrant property markets.

The U.S. housing market is seeing a rise in new listings and easing mortgage rates this spring, offering some relief to buyers. However, elevated prices and high borrowing costs continue to make affordability a major hurdle, especially for first-time buyers and those on tighter budgets.

Private equity inflow into Indian real estate fell 3% year-on-year to USD 3.7 billion in FY25 as investment in office assets declined. While foreign investors remained dominant, uncertainty and cautious sentiment affected deal flow, particularly in office and retail segments across major Indian cities.

Bandra-Kurla Complex (BKC), India’s costliest commercial hub, closed four major land deals worth nearly INR 5,000 crore recently. These include investments by SBI Mutual Fund and Godrej Fund Management, highlighting strong institutional demand for high-value commercial properties in Mumbai’s prime financial and business district.

MHADA’s Nashik Board organised its second ‘Janata Darbar Din’ to hear and resolve public grievances directly. The initiative aims to improve transparency and citizen engagement in housing-related matters, ensuring residents receive quick responses from officials on issues relating to allotments, schemes, and infrastructure development.

The Times Property Expo in Lucknow spotlighted a range of modern residential and commercial projects, including smart homes and township developments. Developers highlighted premium and affordable options in prime locations, reflecting the city’s emergence as a preferred real estate destination with modern infrastructure and lifestyle upgrades.

Mahindra & Mahindra launched a modern design studio in Mumbai to boost its automotive innovation. The facility will support advanced vehicle design using cutting-edge tools and technology, reflecting the company’s strategic push toward product development, creativity, and global competitiveness in the automobile industry.

Juspay, a payments technology company, raised USD 60 million in Series D funding to accelerate its growth and product innovation. The funds will be used to expand its digital payments infrastructure, highlighting investor confidence in Juspay’s role in India’s growing fintech ecosystem.

Bitcoin is hovering around the USD 80,000 mark after recent highs, but analysts warn that selling pressure could persist due to global economic concerns and potential U.S. tariff actions. Other major cryptocurrencies like Ether and Solana have also shown volatility, prompting caution among investors amid shifting market dynamics.

Imagine Marketing, the parent of boAt, has confidentially filed a DRHP with SEBI for a potential IPO. The pre-filing route offers flexibility in adjusting issue size and timing. However, the filing doesn’t commit the company to proceed with the public offering.

Mazagon Dock Shipbuilders Ltd. is scheduled to declare an interim dividend on April 8, 2025. The board will decide the dividend amount and record date. Previously, the company issued an interim dividend of INR 23.19 per share in October 2024 and conducted a 2-for-1 stock split in December 2024. ​

Bharat Forge is facing pressure from a 26% reciprocal tariff imposed by the US on Indian auto parts, affecting its operations. With two plants in the US, the company is closely watching India-US trade talks, which may ease duties. However, even a new deal might retain a 10% base tariff, impacting future strategies.

Welspun One Logistics Parks has secured financial closure for an INR 2,300 crore logistics park at JNPA SEZ, Navi Mumbai. The 110-acre project will develop 3.2 million square feet of Grade-A warehousing, enhancing India's logistics infrastructure.

Tamil Nadu now permits self-certification for stilt plus two-floor residential buildings, expediting approvals for plots up to 2,500 sq ft and built-up areas up to 3,500 sq ft. The initiative also covers small industries and green factories up to 500 sqm. Reforms include reduced road width requirements in village panchayats and relaxed setback norms for housing projects.

BMC will reissue eviction notices to 675 Century Mills tenants in Worli, giving them 15 days to vacate. The move supports a redevelopment plan for the INR 660 crore plot, though resettlement details remain unclear.

Safety checks are underway on the BKC-Worli stretch of Mumbai Metro 3, paving the way for trial runs. The corridor, part of the city’s first underground metro, is expected to be fully operational by July 2025.

Maharashtra has reclaimed Gopalgad Fort, mistakenly sold for INR 300 in the 1960s, after a 20-year legal battle. Now protected as a heritage site, the fort's legacy has been restored following sustained efforts by activists and state authorities.

NSE has acquired a new 5,500 sq. metre plot in BKC for INR 758 crore to boost infrastructure, including offices and data centers, as part of its strategic expansion to strengthen its regulatory and operational capacity in Mumbai’s financial district.

BMC plans to axe over 60,000 mangroves for the northward expansion of the Coastal Road from Versova to Dahisar, raising environmental concerns. The project aims to ease traffic and link key routes across northwestern Mumbai.

Despite identifying key projects to develop MMR into a USD 300 billion economy, the Maharashtra government has yet to assign implementing agencies, delaying progress on major infrastructure, tourism, and slum rehabilitation initiatives under the ‘growth hub’ plan.

Thane district has earmarked 10 land parcels to rehouse SGNP slum-dwellers, covering over 85 hectares. The plan, submitted to the Bombay High Court, aims to fulfill a long-pending rehabilitation directive while addressing eligibility issues among over 300 structures.

The Uttar Pradesh government has formed a committee to complete the stalled Jaypee projects, aiming to benefit 4,600 homebuyers. YEIDA will issue a request for a proposal within 15 days to appoint a developer fo10en residential projects.

Adani Ports has started operations at the Colombo West Container Terminal in Sri Lanka, with full functionality expected by 2025. This marks India’s first private port investment in Sri Lanka, aiming to boost regional transshipment traffic.

Aditya Birla Sun Life AMC raised USD 70 million through Gift City’s IFSC route, attracting global investors via its India-focused growth fund. The fund, targeting long-term equity appreciation, marks Gift City’s first outbound investment option for NRIs and others.