2 hours ago

ITC Hotels Ltd has signed a management agreement with Orions Hospitality for the development of Welcomhotel Dehradun Selaqui, a 117-key property in Uttarakhand. The agreement expands the hospitality company's presence in the state as Dehradun continues to witness growth in business travel, tourism and destination events. The project will be managed under the Welcomhotel brand and is intended to cater to the evolving accommodation requirements of corporate and leisure travellers while strengthening ITC Hotels' portfolio in northern India.Read more

3 hours ago

Icade has acquired the remaining 49% stake in SAS Tour Eqho, the company that owns the Eqho Tower estate in Paris, from South Korean investors. With this transaction, the French real estate company has taken full ownership of the asset. The company said the acquisition is expected to generate a return of more than 8% and improve its net operating cash flow. The move aligns with Icade’s strategy of strengthening its investment portfolio through selective acquisitions of high-quality commercial assets.Read more

4 hours ago

Kalpataru Ltd has reported a 6% year-on-year increase in sales bookings to INR 1,329 crore for the first quarter of FY27, supported by sustained demand in the residential market. Customer collections rose 17% to INR 1,365 crore during the April–June period, reflecting improved cash inflows. The Mumbai-based developer also highlighted its expanded project portfolio, comprising 83 completed developments and 31 ongoing and forthcoming projects across key cities. In FY26, the company posted significant growth in both revenue and net profit, indicating stronger operational performance.Read more

6 hours ago

Morrisons is in discussions with multiple parties, including U.S.-based Realty Income, for a real estate financing transaction valued at around USD 803 million. The proposed arrangement is expected to differ from a traditional sale-and-leaseback structure and could instead be backed by a portfolio of the retailer's stores. The move follows the company's earlier efforts to unlock value from its freehold property assets as it continues to streamline operations amid intense competition, changing consumer spending patterns, and rising cost pressures in the UK grocery market.Read more

6 hours ago

Faalcon Concepts Ltd has secured a work order worth INR 101.93 crore from Splendor Information Technology Pvt Ltd for façade works at the Splendor ONYX commercial development in Sector 142, Noida. The three-year contract covers the design, fabrication, supply and installation of aluminium glazing façade systems. The order is valued at more than three times the company's standalone FY26 revenue and is expected to strengthen revenue visibility over the execution period. Between January and July 2026, the company has secured cumulative orders worth around INR 125.9 crore, reinforcing its order book in the commercial infrastructure segment.Read more

8 hours ago

The Karnataka High Court has upheld the uniform property tax regime for five-star hotels within Bengaluru's erstwhile BBMP limits, ruling that luxury hotels constitute a distinct category eligible for a common tax slab irrespective of location. Dismissing petitions challenging the levy, the court held that the classification does not violate Article 14 of the Constitution. The judgment reinforces the civic authority's taxation framework, providing greater legal certainty for municipal revenue collection and reducing the scope for future disputes.Read more

9 hours ago

Shapoorji Pallonji (SP) Group has opened subscriptions for its first US dollar-denominated bond issue, seeking to raise USD 650 million as part of a broader INR 25,500 crore fundraising programme aimed primarily at refinancing existing debt. The three-year bond, issued through Mercury Finance, follows multiple delays linked to uncertainty surrounding the group's investment in Tata Sons. Market sources said easing hedging costs after measures introduced by the Reserve Bank of India to encourage foreign currency inflows helped revive the transaction. The fundraising programme also includes a separate zero-coupon bond issuance through another group entity.Read more

Mumbai News Desk

10 hours ago

Mumbai University has approved plans to establish 12 new skill-based colleges during the 2027–28 academic year, including five institutions in Mumbai, as part of its five-year perspective plan aimed at aligning higher education with industry requirements under the National Education Policy (NEP) 2020. The proposed colleges will offer vocational and employment-oriented programmes tailored to regional economic needs across Mumbai, Thane, Raigad, Ratnagiri, Sindhudurg and Palghar. The initiative seeks to enhance employability, improve access to higher education and strengthen the university's role in developing a skilled workforce for emerging sectors.Read more

11 hours ago

Smartworks Coworking Spaces has expanded its enterprise leasing portfolio by signing a managed office agreement for more than 930 seats in Pune with the Indian subsidiary of a UK-based company. The latest transaction adds to the company's growing list of large corporate mandates as demand for flexible workspaces continues to rise. In recent months, Smartworks has secured several large leasing deals across major cities, reflecting increasing interest from multinational companies seeking managed office solutions in India.Read more

13 hours ago

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 1,021 crore as part of its money laundering investigation involving the Reliance Anil Ambani Group.
• The attached properties include land parcels, buildings and other immovable assets allegedly linked to entities under investigation.
• The agency's action follows allegations of financial irregularities and diversion of funds connected to loans obtained from financial institutions.
• The provisional attachment has been carried out under the Prevention of Money Laundering Act (PMLA), with the investigation continuing into the alleged transactions and beneficiary entities.Read more

14 hours ago

L&T Finance reported a strong performance for the June quarter, with consolidated net profit rising 29 per cent year-on-year to INR 902 crore. The company also recorded growth in its loan book, retail disbursements and net interest margin, while asset quality continued to improve. Gross Stage 3 assets declined and credit costs reduced due to stronger collections and the use of artificial intelligence-led tools. Unsecured personal loan disbursements more than doubled during the quarter, reflecting robust demand across retail lending segments.Read more

15 hours ago

Institutional investments in India's real estate sector reached a record USD 4.1 billion during the first half of 2026, registering a 58 per cent year-on-year increase, according to Vestian. The growth was supported by stronger participation from both domestic and foreign investors, particularly during the second quarter. Commercial assets continued to attract the largest share of investments due to sustained demand from Global Capability Centres (GCCs), while investors also diversified into other real estate segments. Industry experts believe improving economic conditions and stronger investor confidence are expected to support continued investment activity.Read more

15 hours ago

Puravankara Ltd reported a strong operational performance for the first quarter, with pre-sales increasing 28% year-on-year and customer collections rising 40% compared to the same period last year. Alongside its sales performance, the company entered into an agreement with ICICI Prudential Asset Management Company for the sale of a commercial property. The transaction values the asset at an enterprise value of INR 6.26 billion. The company has continued to focus on improving cash flows through higher collections while monetising select commercial assets to strengthen its business.Read more

17 hours ago

• AustralianSuper has committed an additional AUD 500 million to the National Investment and Infrastructure Fund (NIIF), increasing its total investment exposure in India to AUD 3.3 billion.
• The announcement was made during Prime Minister Shri Narendra Modi's visit to Australia and underscores the pension fund's long-term confidence in India's infrastructure and growth prospects.
• The fresh capital will be channelled through NIIF-managed infrastructure investment platforms spanning transport, energy, logistics and urban infrastructure.
• The expanded partnership reflects growing institutional interest in India's infrastructure sector and aligns with NIIF's strategy of attracting global long-term capital.Read more

19 hours ago

Transparency across the real estate sector is essential to attract long-term investment and support sustainable growth, Uttar Pradesh RERA Chairman Sanjay R. Bhoosreddy said while addressing a real estate conference recently. He highlighted the need to balance the interests of homebuyers and developers, increase the supply of affordable housing, and ensure timely project execution. The conference also saw RERA officials from Delhi, Haryana and Punjab discuss stronger enforcement powers, the use of artificial intelligence for project monitoring, and the importance of protecting homebuyers' interests.Read more

14 Jul 2026

Singapore's sovereign wealth fund GIC has announced changes to its senior investment leadership team by appointing two new deputy group chief investment officers and naming a new chief investment officer for its Fixed Income & Multi Asset (FIMA) business. The changes expand responsibilities for senior executives across private markets and portfolio management while maintaining the existing reporting structure. Established in 1981, GIC manages Singapore's foreign reserves and has investments across more than 40 countries, covering equities, fixed income, real estate, infrastructure and other asset classes.Read more

Delhi News Desk

14 Jul 2026

Flexible workspace provider Executive Centre India has leased around 1.14 lakh sq ft of premium office space at Worldmark 3 in Delhi's Aerocity from Bharti Real Estate for nine years. The lease, valued at approximately INR 309 crore over its tenure, marks one of the largest flex-space transactions in the National Capital Region this year. The deal reflects sustained demand for premium managed office spaces from enterprises and multinational companies while reinforcing Aerocity's position as a preferred commercial hub.Read more

14 Jul 2026

Amazon India has partnered with the Telangana government to establish five new Ashray rest centres at high-footfall locations across Hyderabad, taking its total network in the city to 14 centres. Under the agreement, the state government will assist with site identification, approvals and administrative coordination through the Cyberabad Municipal Corporation. The initiative is aimed at improving facilities for delivery drivers. Amazon currently operates more than 100 Ashray centres across 16 Indian cities and plans to expand the network to 250 centres by the end of 2026 as part of its wider investment in workforce welfare.Read more

14 Jul 2026

The Central Bureau of Investigation (CBI) has filed its first chargesheet in connection with the alleged diversion of funds by Reliance Home Finance Limited (RHFL), resulting in losses of more than INR 3,526 crore to a consortium of 10 public sector banks. The chargesheet, filed before a special court in Mumbai, names RHFL and three former senior executives on charges of criminal conspiracy and cheating. The agency alleged that borrowed funds were diverted through intermediary entities to companies within the Reliance ADA Group in violation of lending conditions. The investigation remains ongoing, with the CBI indicating that supplementary chargesheets may be filed after examining the role of additional individuals and entities.Read more

14 Jul 2026

• Keystone Realtors reported pre-sales of INR 617 crore in Q1 FY27, compared with INR 1,068 crore in the corresponding quarter last year, supported by sustained demand across existing projects despite no new launches during the quarter.
• The company achieved collections of INR 599 crore, a 4% year-on-year increase from INR 575 crore, reflecting healthy cash flows from ongoing projects and strengthening its liquidity position.
• During the quarter, Keystone added two new projects with a combined saleable area of 1.98 million sq ft and an estimated gross development value (GDV) of INR 713 crore, while completing one residential project in Juhu.
• The developer expects multiple launches across the Mumbai Metropolitan Region (MMR) in the coming quarters, supported by an upgraded credit rating, a robust launch pipeline and sustained homebuyer demand.Read more