01 Jul 2026

US-based Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through open market transactions on the National Stock Exchange (NSE). The investment was made through eight Fidelity affiliates, which collectively purchased nearly 1.99 crore shares from promoter entities Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd at an average price of INR 937.85 per share. Following the transaction, the combined shareholding of the promoter and promoter group in the Mumbai-based developer declined to 70.28% from 72.27%. The acquisition comes after Lodha Developers reported higher quarterly earnings and reflects continued institutional investor interest in India's listed real estate companies.Read more

01 Jul 2026

Coworking operators leased a record 8.6 million sq ft of office space across India's seven major cities during the first half of 2026, marking a 32% year-on-year increase, according to a report by Colliers India. The growth outpaced conventional office leasing, which remained largely unchanged at 27.1 million sq ft, taking total gross office absorption to 35.7 million sq ft, up 6% from a year earlier. Flexible workspace providers accounted for 24% of overall leasing activity, with Bengaluru, Delhi-NCR and Hyderabad contributing nearly two-thirds of total demand. The findings indicate that occupiers, including corporates and Global Capability Centres (GCCs), continue to increase their reliance on managed workspaces, driving sustained expansion by flex space operators.Read more

01 Jul 2026

SEDCO Capital REIT Fund's board has approved signing a memorandum of understanding (MoU) to acquire an office tower in the Al Yasmin district of Riyadh for an expected transaction value of SAR 707 million. The proposed acquisition includes a mandatory three-year leaseback arrangement by the seller, with the property expected to generate annual rental income of around SAR 69 million. The transaction is part of the REIT's strategy to strengthen its portfolio with income-generating commercial assets, subject to the completion of the acquisition process and required approvals.Read more

01 Jul 2026

Sunteck Realty has incorporated a new wholly owned subsidiary, Eminara Buildcon Private Limited, as part of its ongoing expansion of its corporate structure. The subsidiary will undertake construction, real estate and allied activities, with Sunteck Realty holding 100% ownership through a cash subscription to equity shares. The incorporation follows a series of similar subsidiary formations by the company over the past year, reflecting its strategy of creating dedicated entities for project execution and business expansion while maintaining full ownership and operational control.Read more

01 Jul 2026

• Nagpur Municipal Corporation (NMC) has revived its long-pending eviction drive against 56 unauthorised commercial establishments in Kachipura after legal hurdles that delayed the exercise for nearly a decade were cleared.
• The civic body will issue 15-day notices to affected occupants before initiating demolition and eviction proceedings, following due legal process.
• Officials say the action is aimed at reclaiming encroached land and facilitating the planned redevelopment of the Kachipura area into a modern commercial and business hub.
• The renewed enforcement drive reflects NMC's broader effort to strengthen urban planning, remove illegal constructions and accelerate infrastructure-led development in Nagpur.Read more

30 Jun 2026

Odisha has unveiled plans to develop a 25-acre integrated IT park near Damana Square in Bhubaneswar to strengthen the state's technology infrastructure and accommodate rising investor interest. The mixed-use campus will be developed through a public-private partnership, with nearly 70% of its built-up area dedicated to IT and IT-enabled services, supported by commercial, retail, hospitality and residential facilities. The project is expected to support over INR 50,000 crore worth of proposed technology investments, attract global capability centres and semiconductor firms, generate significant employment, and further establish Bhubaneswar as a leading digital and innovation hub in eastern India.Read more

30 Jun 2026

Flexible workspace provider Incuspaze has raised INR 150 crore in a funding round led by Bharat Value Fund and other financial institutions to support its expansion plans ahead of a proposed FY29 initial public offering (IPO). The company will use the capital to expand its presence in key commercial markets, invest in technology, and pursue strategic acquisitions. The fundraising follows recent acquisitions aimed at strengthening its managed workspace portfolio amid rising demand for flexible office solutions.Read more

30 Jun 2026

Real estate developer Omaxe Ltd has announced its entry into the organised hospitality sector with plans to invest INR 6,200 crore over the next four to five years to develop 19 hotels across five states. The projects, spanning nearly 5 million sq ft, will be integrated with the company's townships, mixed-use developments and commercial projects. Uttar Pradesh will account for the majority of the portfolio with 12 hotels, including developments in Ayodhya, Vrindavan and Lucknow. Omaxe will partner with established hospitality operators to manage the hotels, with one of the flagship projects being a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi.Read more

30 Jun 2026

Prestige Estates Projects has reported approximately INR 65,000 crore in unrecognised revenue, reflecting robust residential sales recorded over the past three financial years under its existing revenue recognition policy. The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY2025-26, a 76% increase over the previous year, and is targeting sales bookings of INR 35,000–36,000 crore in the current financial year. Chairman Irfan Razack said the company is evaluating a shift from the completion method to the percentage-of-completion method for recognising revenue, subject to discussions with auditors. With a launch pipeline valued at around INR 58,000 crore and continued demand for housing, the developer expects stronger business performance, although project launches will remain dependent on statutory approvals.Read more

Vriti Gothi

30 Jun 2026

India’s Real Estate Investment Trust (REIT) market has grown from a single listed vehicle in 2019 to a USD 18 billion asset class managing more than INR 2.5 lakh crore in assets. Industry projections suggest the sector could expand between five and ten times over the next five years, driven by institutional capital, a growing pipeline of REIT-ready assets and the emergence of new sectors including data centres, logistics parks and retail real estate. While office assets continue to dominate listed portfolios, analysts expect the next phase of growth to be fuelled by diversification into specialised asset classes. Research by Knight Frank India, JLL, CBRE and ANAROCK indicates that India's institutional ownership levels remain significantly below global benchmarks, leaving substantial room for further expansion as capital markets deepen and new investment vehicles enter the market.Read more

30 Jun 2026

Australian construction contractor FDC Group has filed for an initial public offering (IPO) to raise AUD 400 million, valuing the company at around AUD 969 million (USD 667.64 million). The IPO includes the sale of 133.6 million shares, representing 41% of the company's issued share capital, at an offer price of AUD 3.00 per share. FDC plans to list on the Australian Securities Exchange (ASX) in early July, subject to regulatory approval. The company has also projected strong revenue growth for 2027, supported by its expanding project pipeline across Australia.Read more

30 Jun 2026

ITC Hotels Ltd has signed a management agreement with Shyam Group Hotel and Resort to operate a 101-key Welcomhotel in the Karai area of Gandhinagar, strengthening its presence in Gujarat's hospitality market. Set across a nine-acre site, the hotel will feature guestrooms, multiple dining outlets, banquet facilities and landscaped event lawns, targeting business travellers, weddings, social events and the MICE segment. Strategically located between Gandhinagar and Ahmedabad, with connectivity to Ahmedabad Airport and GIFT City, the property forms part of ITC Hotels' expansion strategy in high-growth markets. The hotel is expected to commence operations later this year.Read more

30 Jun 2026

Swedish real estate company Dios has signed a new lease agreement with the County Administrative Board of Norrbotten County to modernize premises at Stationsgatan in Lulea. The agreement adds to the company's recent leasing activity across northern Sweden, where it has continued to secure long-term tenants and upgrade commercial properties. The project reflects Dios' ongoing focus on improving office spaces to meet tenant requirements while strengthening its presence in key regional cities, including Luleå, which remains an important market in its property portfolio.Read more

30 Jun 2026

Modern architecture has been shaped by a number of buildings that introduced new design ideas, construction methods and ways of using space. From early skyscrapers and glass structures to cultural centres and sustainable office buildings, these projects influenced how architects and engineers approached future developments. Their impact can still be seen in cities around the world through office towers, public buildings and mixed-use developments. Here are some notable buildings that played an important role in the evolution of modern architecture.Read more

30 Jun 2026

British housebuilder Berkeley Group has called on the UK government to reduce tax and regulatory burdens on the housing sector after reporting a 15% fall in annual pre-tax profit. The developer said policy reforms, including lower stamp duty and faster planning approvals, were needed to encourage investment and accelerate housing delivery, particularly in London. While the company reiterated its profit guidance for the next four financial years, it cautioned that economic uncertainty, rising borrowing costs and political developments continued to weigh on the housing market. The appeal comes as the UK government pursues ambitious housebuilding targets amid persistent supply shortages and weakening market conditions.Read more

Mumbai News Desk

30 Jun 2026

AGM Vijaylaxmi Group has launched SIXTY3 W.E. Bizpark, a G+25 mixed-use commercial development in Goregaon East, Mumbai, comprising office spaces and high-street retail. Located along the Western Express Highway, the project offers office units ranging from 545 sq ft to 3,200 sq ft and is designed to cater to SMEs, MSMEs, IT firms and start-ups. The development includes retail, dining, parking and modern building infrastructure within an integrated commercial environment. The launch comes as Goregaon East continues to witness infrastructure-led growth, supported by metro expansion, improved road connectivity and proximity to established commercial hubs, strengthening its position as a key business destination in Mumbai's western suburbs.Read more

30 Jun 2026

Britain's Crown Estate reported a 13% decline in annual net operating profit to GBP 1.245 billion (USD 1.64 billion), mainly due to lower income from offshore wind leasing as major Round 4 projects entered the construction phase. Despite the decline, its core property business remained stable, with operating profit excluding Round 4 lease fees rising 5% to GBP 370 million. The value of the estate's property portfolio also increased during the year. The Crown Estate is expected to launch another offshore wind leasing round next year, although officials expect lower option fees amid changing market conditions.Read more

30 Jun 2026

GMR Airports has taken over operations of Dr Babasaheb Ambedkar International Airport, Nagpur, nearly nine years after winning the concession. The move initiates a phased redevelopment programme featuring a new integrated terminal, a second 4,000-metre runway and expanded cargo facilities. Maharashtra Chief Minister Devendra Fadnavis has set a 2029 deadline for the first phase, while the Centre aims to develop Nagpur into an aerotropolis and strengthen its aviation and logistics infrastructure.Read more

29 Jun 2026

AEW UK REIT reported a decline in its net asset value (NAV) for the full year despite recording a modest increase in rental income and positive portfolio performance. The commercial property real estate investment trust (REIT) continued to benefit from active asset management and selective acquisitions, particularly in the retail segment, although valuation declines in some office assets and properties affected by tenant vacancies weighed on overall results. The company said it remains focused on disciplined portfolio management to deliver stable income and long-term capital growth.Read more

29 Jun 2026

Smartworks Coworking Spaces Ltd has announced the proposed acquisition of Singapore-based flexible workspace operator Workstudio Spaces Pte. Ltd to strengthen its presence in the overseas market. The transaction, which will be executed through the company's wholly owned subsidiary Smartworks Space Pte Ltd, is expected to be completed in July 2026. Following the acquisition, Smartworks' portfolio in Singapore will expand to four centres, with a total footprint of 76,000 sq ft and seating capacity exceeding 1,500. The company, which currently operates 66 centres across India and Singapore, said the acquisition aligns with its strategy to expand its flexible office platform.Read more