31 May 2026

• The Supreme Court has upheld the authority of the Navi Mumbai Municipal Corporation (NMMC) to levy and collect property tax in the TTC MIDC industrial area.
• The ruling resolves a legal dispute pending since 2010 involving a small-scale industries association challenging the civic body’s jurisdiction over the industrial zone.
• The court clarified that ‘tax’ and ‘fee’ are legally distinct, stating that MIDC can levy service-related charges but not municipal taxes.
• The judgement was delivered after examining provisions under the Maharashtra Municipal Corporations Act, MID Act, 1961, and MRTP Act, 1966.
• NMMC Commissioner Dr Kailas Shinde has appealed to industrial units to clear pending property tax dues and contribute towards urban infrastructure development.Read more

31 May 2026

• Thomas Cook (India) Limited has entered into a long-term partnership with Atlys to integrate foreign exchange services into the visa application journey.
• The partnership aims to combine visa processing and forex services within a unified digital travel planning process for leisure and student travellers.
• Customers using the Atlys platform will be able to access forex cards, foreign currency services and overseas remittance solutions through Thomas Cook India.
• The integrated service includes digital onboarding, video KYC and doorstep delivery facilities across India.
• The collaboration targets digitally driven outbound travellers seeking faster and more streamlined international travel preparation services.Read more

31 May 2026

• US-based property management software company Entrata has filed for an initial public offering on the New York Stock Exchange under the ticker symbol “ENT”.
• The company reported a 23% year-on-year increase in revenue to USD 143.5 million during the quarter ended March 31, 2026.
• Entrata posted net income of USD 23.3 million for the quarter, compared with USD 13.9 million a year earlier.
• The IPO filing comes amid early signs of renewed investor interest in technology and software listings after a subdued market phase.
• Analysts stated that software companies continue facing scrutiny regarding the long-term impact of artificial intelligence on business models.Read more

Mr. Rohit Garodia, Founder and Managing Partner, Pecan Realty.

31 May 2026

Infrastructure development is playing a major role in reshaping Andheri’s commercial real estate market, with improved metro and road connectivity making the suburb more accessible for businesses and employees. The expansion of metro corridors, including Metro Line 6, the Aqua Line, and Metro Lines 2A and 2B, is improving east-west and north-south connectivity across Mumbai. At the same time, projects such as the Mumbai Coastal Road and the Bandra–Versova Sea Link are reducing travel time and easing congestion. These developments are helping Andheri attract sustained office leasing demand, particularly from mid-sized firms and technology-driven businesses seeking efficient and well-connected office locations.Read more

31 May 2026

• Property Share has crossed INR 1,070 crore in assets under management across its three listed Small and Medium Real Estate Investment Trust (SM REIT) schemes.
• The company stated that its listed schemes have collectively distributed more than INR 68 crore to unitholders within 18 months.
• Property Share remains the only investment manager in India with listed SM REIT schemes following SEBI’s introduction of the framework in 2024.
• The portfolio includes nearly one million sq ft of Grade A commercial office assets across Bengaluru, Mumbai and Ahmedabad.
• Industry stakeholders said the SM REIT framework is improving retail investor access to institutional-grade commercial real estate assets through regulated investment structures.Read more

31 May 2026

• CBRE has released a report highlighting the rapid growth of lifestyle hotels across the Asia Pacific hospitality market.
• The report stated that Gen Z travellers are increasingly influencing hotel demand through preferences for experiential travel, local culture and technology-enabled stays.
• Lifestyle hotel supply in Asia Pacific recorded a 19 per cent CAGR between 2015 and 2025, significantly higher than the broader hotel market growth rate.
• The penetration rate of branded lifestyle hotels in the region is expected to increase from 1 per cent currently to 8 per cent based on the existing development pipeline.
• Singapore and Hong Kong SAR currently lead the region in lifestyle hotel penetration, while hotel conversions are emerging as a preferred growth strategy amid rising construction costs.Read more

31 May 2026

• Marathon NextGen Realty reported its highest-ever annual profit after tax of INR 206 crore for FY26, supported by strong commercial leasing, collections and project launches.
• The company recorded total income of INR 639 crore and EBITDA of INR 261 crore during the financial year while maintaining a PAT margin of 32%.
• Collections during FY26 stood at INR 781 crore, driven by construction progress across projects including Monte South, Nexzone and Bhandup developments.
• Marathon raised nearly INR 900 crore through a Qualified Institutional Placement and utilised INR 340 crore towards debt repayment, resulting in a positive net cash position.
• The developer also expanded its pipeline through acquisitions in Kanjurmarg and MMR, adding projects with a combined estimated GDV exceeding INR 840 crore.Read more

30 May 2026

• Vale do Lobo will host the 42nd edition of the Open Foursomes golf tournament from May 24–30, bringing together international golfers at the Algarve resort.
• The event will be held across the resort’s two 18-hole golf courses and is positioned around community participation, leisure and social engagement.
• Vale do Lobo’s Junior Golf Academy will run alongside the tournament from May 25–29, focusing on youth golf training and intergenerational participation in the sport.
• The resort’s residential offering, The Residences Vale do Lobo, continues to attract global buyers seeking golf-linked second homes and investment properties near the Royal Golf Course.
• The development is operated by Kronos Homes, which owns and manages the Vale do Lobo resort in Portugal.Read more

30 May 2026

SolarEdge Technologies has launched its new Research and Development campus, the India Development Center, in East Bangalore as part of its global expansion strategy. The facility will focus on developing advanced power electronics and smart energy technologies while strengthening the company’s engineering capabilities. It will also support hiring across multiple technical domains, including embedded systems and hardware design. Company leaders highlighted India’s strong position in the solar and engineering sectors and noted that the new centre will enhance collaboration, innovation, and product development across its global R&D network.Read more

30 May 2026

Inflection Point Ventures (IPV) has entered into a strategic partnership with Bajaj Capital to offer startup investment opportunities to high-net-worth individuals (HNIs) through structured alternative investment products. Under the association, Bajaj Capital’s network of over 25,000 financial advisors across more than 300 offices will distribute IPV’s Category I Alternative Investment Fund (AIF). The partnership is aimed at widening access to early-stage startup investments in India through a regulated and professionally managed route. IPV has invested over INR 900 crore in more than 280 startups so far and recently reported 16 exits in FY2026 with a blended IRR of 41%.Read more

30 May 2026

• IndiFrame has entered the Andhra Pradesh market with the launch of its first channel partner store in Kurnool in association with Varaahi Enterprises.
• The launch marks the company’s first dealer-led expansion under its new brand identity and forms part of a broader regional growth strategy across southern and western India.
• IndiFrame plans to open 10–15 channel partner stores across Andhra Pradesh, Telangana and Maharashtra over the next 12 months.
• The company is targeting Tier-II and Tier-III markets within India’s largely unorganised fenestration industry, which is estimated to be valued at INR 1.27 lakh crore.
• Kurnool has been identified as a strategic growth market due to ongoing infrastructure investment, residential construction activity and improving regional connectivity.Read more

30 May 2026

Dubai’s ultra-luxury residential market has recorded a new benchmark after a five-bedroom villa in Al Barari was leased for AED 14 million over two years. The transaction, closed by fäm Properties, is now the highest rental deal recorded in the premium community, surpassing the earlier annual record by 46%. The villa, located in The Collection at Al Barari, was originally bought for AED 54 million and is delivering a yearly rental yield of 12.8%. The tenant, a Brazilian ultra-high-net-worth individual, sought a wellness-focused and private living environment, leading to an off-market leasing arrangement after limited suitable rental inventory was available in the community.Read more

30 May 2026

India’s commercial real estate sector is seeing a shift towards future-ready office hubs as businesses increasingly prioritise sustainability, employee wellbeing, smart infrastructure and operational efficiency. Developers are moving beyond traditional office spaces by creating integrated ecosystems with flexible layouts, AI-enabled systems, wellness-focused amenities and green-certified infrastructure. Industry experts believe demand is being supported by infrastructure growth, evolving workplace expectations and ESG-led corporate strategies. Reports by Savills India also indicate that modular and reusable office fit-outs can significantly reduce embodied carbon emissions, strengthening the focus on sustainable commercial development across major business districts.Read more

29 May 2026

• Development Bank of Japan has invested in HDFC Capital Advisors’ H-DREAM Fund focused on affordable and mid-income housing projects in India.
• The investment marks DBJ’s first partnership with HDFC Capital and supports residential developments across multiple Indian cities.
• HDFC Capital said the fund will provide long-term capital for housing projects amid rising urban housing demand and financing needs.
• The partnership is expected to strengthen institutional participation in India’s affordable housing and real estate investment segment.Read more

29 May 2026

• Mehta Realty has launched Mehta Angelo, a Grade-A commercial project in East Goregaon, Mumbai, aimed at supporting both current and future business expansion needs.
• The development offers 35,000 sq. ft of office space across a seven-storey structure, with unit sizes ranging from 445 sq. ft to 4,919 sq. ft.
• Designed with efficient layouts and open-plan spaces, the project allows businesses to customise offices based on operational requirements.
• Located in a well-connected commercial belt, it provides access to rail, metro, and major road networks, including proximity to key business hubs.
• The project also includes sustainability features such as LEED Gold pre-certification, energy-efficient systems, and water conservation measures.Read more

29 May 2026

Sirius Real Estate has notarised the acquisition of a defence-supported business park in Fulda, Germany, for EUR 49.8 million. The deal adds to the company’s growing portfolio of business and industrial parks across Germany and the UK. The property is linked to defence sector activity, a segment that has continued to see stable demand amid rising government spending across Europe. The acquisition comes as Sirius Real Estate continues to focus on income-generating assets with long-term occupancy potential and strategic regional importance in Germany’s commercial real estate market.Read more

29 May 2026

• Tata Group-owned IHCL has opened the 6-key Taj Bush Lodge in the Big Five Balule Nature Reserve in Greater Kruger, South Africa.
• The property marks Taj’s entry into South Africa’s luxury safari and wildlife hospitality segment.
• IHCL said the lodge is the first of three Taj wilderness lodges planned for the Greater Kruger region.
• The company aims to strengthen its South African hospitality portfolio by connecting Cape Town tourism with Kruger National Park’s wildlife experience.
• The expansion comes amid rising global demand for experiential travel, safari tourism and luxury nature-based stays.Read more

29 May 2026

The Development Bank of Japan (DBJ) has partnered with HDFC Capital to invest in an India-focused real estate fund aimed at developing affordable and mid-income housing projects. The H-DREAM Fund has a targeted corpus of USD 1 billion, including a USD 500 million greenshoe option, and has already received investor commitments of more than USD 350 million. The investment marks DBJ’s first real estate investment in India and comes amid growing participation by Japanese institutions in India’s financial and property sectors. The fund will focus on green housing developments and will operate through GIFT City’s offshore feeder fund structure.Read more

29 May 2026

Aroundtown SA reported a sharp decline in first-quarter profit as the absence of property revaluation gains and rising finance costs weighed on earnings. The company’s net profit fell by more than 50% year-on-year to EUR 118.9 million, even as German commercial property prices continued to recover after a prolonged downturn. Aroundtown’s funds from operations (FFO I), a key earnings metric for property firms, also declined due to higher borrowing costs. However, the company maintained its full-year guidance, indicating that operational performance remained within expectations despite ongoing market and geopolitical uncertainties.Read more

29 May 2026

Smartworks Coworking Spaces has expanded its footprint in Bengaluru by leasing nearly 4.92 lakh sq ft office space at Sattva Aura on Outer Ring Road from Sattva Group. The company plans to develop a large managed workspace campus to cater to rising demand from enterprises and Global Capability Centres (GCCs). The expansion comes amid steady growth in India’s flexible office market, especially in Bengaluru’s technology and corporate corridors. Industry data showed office leasing activity remained strong in 2025, with coworking operators accounting for a significant share of total absorption across major cities.Read more