13 minutes ago

Accenture has leased 10.16 lakh sq ft of office space at Aparna Technopolis in Kondapur, Hyderabad, under a 10-year agreement, reflecting continued demand from multinational occupiers and Global Capability Centres (GCCs) in India’s office market. According to data reviewed by CRE Matrix, the lease agreement between Aparna IT Hub LLP and Accenture Solutions Pvt Ltd was registered on 10 June. The office space has been leased in two phases at a rental rate of INR 74 per sq ft, with the combined starting monthly rental commitment exceeding INR 7 crore. The transaction is among the larger office leasing deals in Hyderabad and highlights sustained occupier interest in premium commercial assets across key technology markets.Read more

3 hours ago

Coworking operator Innov8 has acquired Vatika Business Centres, adding 11 managed workspace facilities across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida and Pune to its portfolio. While the financial details of the transaction were not disclosed, the acquisition expands Innov8’s footprint in key commercial markets amid growing demand for flexible and managed office solutions. The deal brings Vatika Business Centres’ enterprise-focused workspace network under Innov8’s direct management. Both companies indicated that the integration would support business expansion, strengthen service offerings and enhance technology-led workspace solutions for occupiers seeking premium flexible office space across major Indian cities.Read more

3 hours ago

RL Commercial REIT (RCR) has approved a property-for-share swap transaction with its sponsor, Robinsons Land Corporation, involving six mall assets valued at PHP 10.62 billion. Under the deal, Robinsons Land will subscribe to 1.29 billion new common shares of the REIT at PHP 8.25 per share. The transaction is expected to expand RL Commercial REIT's asset portfolio and strengthen its retail property exposure. In a separate development, Sweden-based Prisma Properties completed a land swap in Uppsala and secured a long-term lease agreement with Lidl for a new retail store in the Gränby area.Read more

5 hours ago

Hilton has introduced its premium economy brand, Spark by Hilton, in the Asia Pacific region with the opening of two hotels in Bengaluru and Goa. The launch forms part of the company's partnership with Olive Hospitality to develop 150 Spark by Hilton properties across India. Introduced globally in 2023, the brand has expanded rapidly across key international markets. Hilton said the new hotels are designed to meet the needs of value-conscious travellers while maintaining the company's established service standards. The move also reflects Hilton's growing focus on India's expanding hospitality market.Read more

6 hours ago

Real estate technology and services platform Square Yards has raised INR 900 crore through a combination of debt and equity to support business expansion, strengthen its balance sheet, and refinance existing debt. The funding round was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co. Sources indicated that the latest fundraise values the company at over USD 1 billion, helping it enter the unicorn club. The capital infusion comes as Square Yards prepares for a future IPO and builds on a year of strong revenue growth and improved profitability.Read more

13 hours ago

The state government is advancing plans to develop six textile parks aimed at strengthening the textile and apparel value chain and attracting large-scale investments. The proposed parks are expected to provide integrated infrastructure for spinning, weaving, processing, garment manufacturing and allied activities. Authorities believe the initiative will boost industrial development, generate employment opportunities and enhance the state's competitiveness in textile manufacturing. The parks are also expected to support exports, improve logistics efficiency and create a comprehensive ecosystem for domestic and international investorsRead more

15 hours ago

Social Housing REIT has officially rebranded as Living REIT, with the name change taking effect on June 19. The company is scheduled to begin trading under its new name on the London Stock Exchange from June 23 and plans to change its ticker symbol from SOHO to LIVE after July 8. The move marks a corporate identity update for the UK-listed real estate investment trust, which has earlier focused on social and supported housing assets. The company has not announced any changes to its business operations, investment strategy, or portfolio as part of the rebranding.Read more

17 hours ago

India’s office Real Estate Investment Trust (REIT) penetration is projected to rise significantly, potentially reaching 30% by 2030, according to recent industry reports. The growth is expected to be driven by increasing institutional participation, expansion of Grade-A office assets, and rising investor confidence in structured real estate investment vehicles. Broader REIT and InvIT markets in India are also likely to attract substantial inflows, estimated at around INR 11.6 lakh crore by 2030. The trend reflects the deepening maturity of India’s commercial real estate investment ecosystem. The growth in REIT penetration is also being supported by strong performance and steady rental income from listed office REITs, which have improved investor confidence in the segment. India’s expanding base of global capability centres (GCCs) and continued demand for Grade-A office space in major cities are expected to further strengthen occupancy levels and support REIT expansion.Read more

18 hours ago

• Uttar Pradesh RERA has introduced new compliance requirements for registered real estate agents.
• Agents will now be required to submit details of transactions handled by them every quarter through the authority's portal.
• The regulator has also prescribed record-keeping norms and penalties for delays in filing reports.
• The changes are aimed at improving transparency and strengthening oversight of brokerage activities in the state's real estate sector.Read more

19 hours ago

Authorities in Gurugram have stepped up enforcement action against unauthorised constructions in DLF Phase III, sealing 181 paying guest (PG) rooms and 29 commercial units over three days. The Department of Town and Country Planning (DTCP) also demolished illegal structures, including a 45-room PG facility, and identified a 128-room unauthorised accommodation block during the drive. Officials said the action targets properties operating in violation of approved building plans and land-use norms, with further enforcement measures expected in the area.Read more

23 Jun 2026

Air India Express is set to commence international operations from Navi Mumbai International Airport (NMIA) with a direct service to Abu Dhabi, marking a significant milestone for the airport's expansion into overseas connectivity. Bookings for the new route are expected to open shortly, ahead of the flight's scheduled launch on July 15. The service will become the first international flight to operate from NMIA since the greenfield airport began domestic operations late last year. The development forms part of the broader expansion of aviation infrastructure in the Mumbai Metropolitan Region and is expected to strengthen connectivity between western India and the United Arab Emirates, one of the country's busiest international travel corridors.Read more

23 Jun 2026

IHG Hotels & Resorts has expanded its presence in India by signing a management agreement with Embrassio Hotels & Resorts, the hospitality arm of Vrindara Group, to develop a Holiday Inn hotel in Mathura, Uttar Pradesh. The property is expected to open in early 2030 with 115 rooms and suites. Separately, Air India and Booking.com have entered into a partnership to provide integrated travel booking services, allowing customers to book accommodation through Air India's platforms while accessing exclusive rewards and benefits.Read more

23 Jun 2026

The Punjab government has launched a large-scale enforcement drive to recover outstanding Value Added Tax (VAT) and Goods and Services Tax (GST) dues by auctioning properties belonging to chronic tax defaulters. The Department of Excise and Taxation has already completed major auctions in Mohali and Jalandhar, generating recoveries from firms that failed to settle liabilities despite repeated notices and opportunities under the state’s One Time Settlement (OTS) Scheme. Finance Minister Harpal Singh Cheema said nearly 20 additional property auctions have been scheduled across Punjab in the coming weeks. The government has simultaneously extended the OTS Scheme until July 31, 2026, providing taxpayers another opportunity to clear legacy dues. The initiative forms part of a broader revenue recovery programme aimed at strengthening tax compliance and securing pending government revenues.Read more

23 Jun 2026

PPHE Hotel Group has said that a potential takeover approach from Fattal Hotel Group can no longer move forward after its largest shareholder, Euro Plaza Holdings, opposed the proposal. The development effectively blocks the possibility of a deal, given Euro Plaza’s significant influence in the company. PPHE, which owns and operates hotels across Europe under brands including Park Plaza and art’otel, indicated that the indicative approach was no longer deliverable. The announcement brings uncertainty to any near-term acquisition plans involving the hospitality real estate company.Read more

Priyanka Vig

23 Jun 2026

India's hospitality industry is far larger than a single market-size figure suggests. Depending on the scope of measurement, estimates range from USD 24 billion for the organised hotel sector to over USD 281 billion for the broader hospitality ecosystem. This article explores how the industry is structured, where growth is coming from, and why investors remain optimistic about its future. From branded hotels and booking channels to revenue models and development pipelines, the sector reflects a market that is expanding rapidly while still remaining significantly underpenetrated compared to global benchmarks.Read more

23 Jun 2026

The wealth division of Morningstar has entered into a partnership with major asset managers including Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to create investment portfolios that combine exposure to both public and private markets for retail investors. The strategy aims to widen access to private credit and real estate through interval funds. The launch is planned for later this year, with allocations in private assets expected to form a smaller but structured portion of diversified models.Read more

Lucknow News Desk

23 Jun 2026

• A major fire broke out in a three-storey commercial building in the Aliganj area of Lucknow, Uttar Pradesh, resulting in at least 15 deaths and several injuries.
• Most of the victims were students and trainees associated with an animation and coaching centre operating inside the premises.
• The blaze is believed to have originated in the building and spread rapidly, trapping occupants inside and triggering panic evacuation attempts.
• Preliminary accounts suggest issues related to building usage and fire safety compliance may become part of the investigation into the incident.Read more

23 Jun 2026

Embassy Office Parks REIT is set to raise INR 7 billion through the issuance of three-year bonds, according to bankers involved in the transaction. The real estate investment trust has fixed the coupon at 7.49%, payable quarterly, and has invited commitment bids for the proposed issue on June 22. The bonds have been assigned AAA ratings by CRISIL and CARE Ratings, reflecting the highest level of credit quality. The planned fundraising comes amid continued activity in India’s corporate debt market, where issuers across real estate, infrastructure, renewable energy and utilities sectors are tapping institutional investors for capital. Other borrowers preparing bond issuances in the coming days include IREDA and Torrent Power.Read more

23 Jun 2026

Spain’s housing market continued to record strong growth during the past year, with home prices, property sales and mortgage lending all moving higher. However, the Bank of Spain has stated that current market conditions do not pose the kind of financial stability risks seen during the country’s previous property boom. While housing demand remains robust, the country continues to face affordability challenges, a shortage of new homes and declining access to homeownership for younger residents. Policymakers have been urged to work together to expand housing supply and address an estimated deficit of 750,000 homes across the country.Read more

23 Jun 2026

• RBI infused INR 72,300 crore into the banking system through two Variable Rate Repo (VRR) auctions to ensure adequate liquidity and support smooth functioning of money markets.
• The liquidity support comes amid evolving funding requirements within the banking sector, helping lenders access short-term funds without any change in the central bank's policy stance.
• The move highlights RBI's continued reliance on targeted market operations to manage liquidity conditions while maintaining stability in interest rates and financial markets.Read more