20 minutes ago

Mister Hair Clinics, a Bengaluru-headquartered hair and skin care clinic network, has announced an expansion roadmap to increase its footprint from 16 clinics to 100 clinics across India by 2031. The company has opened franchise opportunities to support growth across tier-2 and tier-3 cities, along with selected metro markets. The strategy is anchored in a standardised clinical and operational model, with plans to expand its presence across multiple states while tapping into India’s fast-growing hair restoration and medical aesthetics marketRead more

2 hours ago

Disney India has leased approximately 1.75 lakh sq ft of office space at Embassy TechVillage in Bengaluru under a five-year agreement, marking one of the larger office transactions in the city this year. The lease, carrying a monthly rental of about INR 2.01 crore, covers multiple floors within the business park. The transaction reflects sustained demand for premium office assets in Bengaluru from global occupiers, particularly in the technology, media and services sectors, amid continued expansion of corporate operations in India.Read more

7 hours ago

The Enforcement Directorate (ED) has initiated an investigation into Vedanta Group under the Foreign Exchange Management Act (FEMA) and conducted searches at multiple company premises across India. The probe is examining certain foreign exchange-related transactions, including a 2023 instance in which Vedanta Resources, the London-based parent company, reportedly refunded part of a brand fee to Vedanta Ltd. The agency is also reviewing other corporate structures within the group. Vedanta has acknowledged the regulatory action and stated that it is fully cooperating with authorities while continuing to comply with all applicable laws and regulations.Read more

8 hours ago

• The Maharashtra government has formally taken ownership of Mumbai’s iconic Air India Building at Nariman Point through a completed acquisition worth INR 1,601 crore.
• The transaction involves the transfer of the 23-storey sea-facing commercial structure from Air India Assets Holding Limited to the state government.
• The acquisition is aimed at addressing the state’s office space constraints by consolidating multiple government departments under one centrally located facility.
• The move follows approvals from the Centre and the state cabinet, with funds already transferred and agreement formalities completed in early June 2026.Read more

10 hours ago

Adani Group companies reported record capital expenditure of INR 1.53 lakh crore and an all-time high EBITDA of INR 94,834 crore in FY26, reflecting a strong push towards infrastructure development across energy, utilities, transport and logistics. The group commissioned several major projects, including renewable energy assets, battery storage systems, Navi Mumbai International Airport and the Ganga Expressway. Despite significant investments, leverage remained below the group's stated threshold, while liquidity levels stayed strong. The performance highlights Adani Group's ongoing focus on infrastructure, energy transition and logistics as key long-term growth drivers.Read more

14 hours ago

• The Supreme Court has pulled up the Jaipur Development Authority (JDA) for failing to act against commercial establishments operating in residential areas of Jaipur.
• The court expressed dissatisfaction over JDA's failure to file a compliance affidavit and provide details of action taken despite earlier directions.
• The bench observed that planning authorities have a responsibility to protect the residential character of designated housing zones.
• The case is linked to a wider exercise ordered by the Supreme Court to identify and address unauthorized commercial use of residential properties across cities.
• The matter highlights growing judicial scrutiny of urban planning violations, zoning compliance and enforcement by development authorities.Read more

18 hours ago

• Ganesh Real Estate Management Institute (GREMI) has inaugurated its City Campus at Million Minds Tech City in Ahmedabad and will begin academic operations from August 2026.
• The institute is Gujarat’s first AICTE-approved standalone institution dedicated exclusively to real estate education and management.
• GREMI is backed by an initial investment commitment of INR 500 crore and plans to develop a 100-acre integrated university campus in Ahmedabad.
• The first batch will comprise around 70 students enrolled in the Postgraduate Certificate in Management (PGCM) in Real Estate Development and Management.
• The institution aims to create a structured education ecosystem for the built environment sector, covering urban planning, real estate finance, construction technology, governance and sustainability.Read more

03 Jun 2026

• Flexible workspace operator IndiQube Spaces Ltd has signed a five-year office leasing agreement valued at INR 52 crore with a consulting and management services firm.
• The transaction covers more than 700 desks at IndiQube’s co-working facility in Yelahanka, North Bengaluru.
• The deal was disclosed by the company through a regulatory filing released in the past week.
• The agreement reflects continued demand for managed and flexible workspaces from corporate occupiers seeking long-term office solutions.
• IndiQube currently operates across 17 cities and manages a portfolio exceeding 9.66 million sq ft.Read more

03 Jun 2026

The Enforcement Directorate (ED) has arrested Chandigarh-based real estate businessman Vikram Wadhwa in connection with its investigation into the alleged INR 645 crore IDFC First Bank fraud case involving the diversion of public funds from government-linked accounts. Wadhwa was arrested under provisions of the Prevention of Money Laundering Act (PMLA) and is being investigated for his alleged role in the generation, layering and concealment of proceeds of crime. The case relates to the suspected embezzlement of funds belonging to the Haryana government, the Chandigarh Administration and two private schools. Investigators allege that the money was routed through multiple accounts and shell entities before being converted into cash and other assets.Read more

03 Jun 2026

India’s commercial real estate sector is undergoing a structural transformation, driven by the rapid expansion of Global Capability Centres (GCCs), increasing demand for flexible office formats and growing interest in Tier-II cities. A new industry report highlights how office real estate is shifting from traditional ownership models to technology-enabled, subscription-based workspaces that offer greater flexibility and scalability. With GCCs expected to significantly expand their footprint by 2030, flexible workspaces are emerging as one of the fastest-growing segments within the country’s commercial real estate market.Read more

03 Jun 2026

• Family offices of Godrej Group, JSW Group, Macrotech Developers and Sattva Group have invested in real estate platform Sila.
• The investment comes as Sila expands its operations across property management, facility management and real estate advisory services.
• The transaction highlights rising family office interest in real estate service platforms amid growing institutionalisation of India’s property sector.Read more

02 Jun 2026

Shriram Properties reported a return to annual profitability in FY26, driven by higher revenue from operations, improved project execution and stronger earnings during the year. The Bengaluru-based developer posted a net profit compared to a loss in the previous fiscal, while fourth-quarter results also showed significant growth in both revenue and profit. Alongside approving its audited financial results, the company's board cleared the acquisition of partner stakes in four joint venture projects, a move aimed at increasing ownership and operational control. The developments reflect the company's focus on strengthening its project portfolio and improving financial performance amid sustained demand in the residential housing market.Read more

Gurugram News Desk

02 Jun 2026

• Airbnb has leased 46,437 sq ft of office space in DLF Cyber City, Gurugram, for its Global Capability Centre (GCC).
• The lease is for a five-year term at a monthly rent of about INR 61.53 lakh, as per transaction documents.
• The deal highlights continued expansion of GCC-led leasing activity in India’s Grade-A office market.
• The space is located within one of Gurugram’s key commercial office hubs, strengthening Airbnb’s operational footprint in India’s corporate services ecosystem.Read more

02 Jun 2026

• The Enforcement Directorate (ED) has arrested Satinder Singh Bhasin, promoter and director of Noida-based Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL), in a money laundering investigation linked to alleged fraud involving homebuyers and investors.
• Bhasin, who is also associated with the Grand Venice Mall project in Greater Noida, was taken into custody and remanded to ED custody until June 6 by a special PMLA court in Ghaziabad.
• The case stems from multiple FIRs registered by Uttar Pradesh Police in 2015 alleging that funds collected from investors for commercial real estate units were not utilised for the promised developments.
• Investigators have alleged that money raised from the public was diverted through associated entities and group companies instead of being deployed for project construction and delivery.
• The arrest follows directions issued by the Supreme Court after the agency alleged that the promoter had not been cooperating with the investigation.Read more

02 Jun 2026

Aadhar Housing Finance has outlined plans to increase its assets under management (AUM) to INR 50,000 crore by FY29, supported by an anticipated 18–20 per cent annual growth in loan disbursements. The affordable housing lender ended FY26 with an AUM of INR 30,571 crore and reported a 22 per cent rise in net profit to INR 1,108 crore. The company, which primarily serves low-income homebuyers with average loan ticket sizes below INR 15 lakh, expects to maintain profit growth of 20–22 per cent. Alongside business expansion, the lender plans to open 40–45 new branches during the current financial year while continuing to strengthen its nationwide presence across 22 states and Union Territories.Read more

02 Jun 2026

• The National Company Law Appellate Tribunal (NCLAT) has granted Mumbai-based Supreme Housing and Hospitality a final opportunity to settle outstanding dues of INR 567 crore owed to Canara Bank.
• The tribunal directed the company’s promoters to deposit INR 460 crore in a no-lien account with the bank by June 13, 2026.
• Failure to make the payment within the stipulated timeline will allow insolvency proceedings against the company to continue.
• The dispute follows multiple failed one-time settlement (OTS) attempts and prolonged litigation between the developer and the lender.
• Canara Bank has also initiated efforts to sell its loan exposure linked to the company through a debt sale process after previous recovery attempts remained unsuccessful.Read more

02 Jun 2026

• Luxury hotel operators including ITC Hotels, Radisson Hotel Group and The Leela have reported strong growth in domestic leisure travel during the summer season.
• Geopolitical tensions and travel disruptions in parts of West Asia, coupled with rising international travel costs, have prompted many affluent Indian travellers to consider premium domestic alternatives.
• Hill stations, spiritual destinations, wellness retreats and heritage locations have emerged as major demand drivers, with occupancy levels and bookings exceeding last year's performance.
• Tier-2 and Tier-3 cities such as Prayagraj, Katra, Amritsar and Bhubaneswar are witnessing increased visitor interest as travellers seek authentic cultural and spiritual experiences.
• Hospitality executives indicate that experience-led tourism focused on wellness, culture, gastronomy and local immersion is shaping travel preferences across India's luxury segment.Read more

01 Jun 2026

Hospitality real estate company PPHE Hotel Group has said it views the USD 1.24 billion takeover proposal from Israel-based Fattal Hotel Group as a fair valuation of the business. The offer of GBP 22 per share reflects a 36.5% premium to PPHE’s latest closing price. The development comes months after PPHE began a strategic review following indications from major shareholders Eli Papouchado and Boris Ivesha that they were open to a partial stake sale. PPHE said it will now engage with major shareholders to assess the proposal, while Fattal has retained flexibility to modify the structure or value of the offer under certain conditions.Read more

01 Jun 2026

• US mortgage rates climbed to a nine-month high, with the average 30-year fixed mortgage rate rising to 6.65% in the week ended May 22.
• Rising oil prices linked to the Iran conflict increased inflation concerns and pushed US Treasury yields higher, impacting borrowing costs.
• Mortgage applications declined 8.5% week-on-week, mainly due to weaker refinancing activity as higher rates reduced borrower interest.
• US inflation rose to 3.8% in April from 2.9% in August last year, leading markets to consider the possibility of another Federal Reserve rate hike later this year.
• The rise in mortgage rates comes shortly after Kevin Warsh took over as the new Federal Reserve chair, replacing Jerome Powell.Read more

01 Jun 2026

• Lords Hotels & Resorts has launched Lords Inn Katra near the Vaishno Devi shrine in Jammu & Kashmir to strengthen its presence in spiritual tourism destinations.
• The hotel features 45 rooms along with dining and hospitality facilities aimed at pilgrims and leisure travellers.
• The company stated that the expansion aligns with rising demand for organised hospitality infrastructure in pilgrimage-driven markets.
• Industry stakeholders highlighted sustained growth in spiritual tourism and increasing travel connectivity to Katra.
• The development forms part of the group’s broader expansion strategy across religious and leisure destinations in India.Read more