14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more

13 Jun 2026

Vertex Group has launched DK Vertex, a smart co-working and business services platform backed by an investment of INR 300 crore, targeting startups, entrepreneurs and growing businesses across India. The platform debuts with over 10,000 seats across seven facilities spanning one million sq ft in Delhi-NCR, Bengaluru and Mumbai. Positioned as an integrated workspace ecosystem, DK Vertex combines office infrastructure with services such as IT support, information security, payroll, hiring, analytics and business networking. The launch comes amid rapid growth in India’s flexible workspace market, which is projected to expand significantly over the next decade, driven by increasing demand from startups and technology-led enterprises seeking scalable and service-oriented work environments.Read more

13 Jun 2026

Kerala-based sports technology startup Dartle has raised USD 100,000 in a seed funding round led by Inflection Point Ventures (IPV). The company, which provides a B2B SaaS platform for youth sports and football academies, plans to use the capital to strengthen its go-to-market strategy, expand in the United States, enhance AI capabilities and deepen partner engagement. Dartle currently serves 14 academies across India, the Middle East, Nepal and the US, while running eight paid pilots in the American market. The startup aims to onboard more than 100 academies globally over the next year and increase its annual recurring revenue to nearly USD 1 million, targeting a growing global market of sports academies seeking integrated operational and athlete management solutions.Read more

13 Jun 2026

Simon Property Group has announced a new debt offering through one of its units, aimed at raising EUR 500 million from investors. The offering consists of unsecured notes carrying a fixed interest rate of 3.650% and maturing in 2031. The move forms part of the company's broader capital management strategy and provides access to funding through European debt markets. Simon Property Group, one of the world's largest retail real estate investment trusts (REITs), regularly uses bond issuances to support refinancing activities, strengthen liquidity and fund corporate requirements.Read more

12 Jun 2026

Unicorn Infosolutions, Apple’s largest premium retail and service partner in India, has announced plans to expand its network from 100 to 150 stores over the next three years, driven by growing demand for Apple products across smaller cities. The company expects its revenue to rise from INR 3,700 crore in FY2025-26 to between INR 5,500 crore and INR 6,000 crore during the expansion period. Having opened its 100th store in Gurugram, Unicorn is focusing on tier-III and tier-IV markets, where physical access to Apple product demonstrations and after-sales services remains limited. The retailer currently operates across 49 cities in nine states and expects new product categories, including entry-level Mac offerings, alongside financing options such as equated monthly instalments (EMIs), to support future growth.Read more

12 Jun 2026

Urban Vault, a Bengaluru-based coworking and managed workspace operator, has provided a 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing company backed by Vietnam’s Vingroup. The facility, located on Golf Course Road in Sector 54, accommodates around 500 seats and marks Green SM’s first office in India. The agreement forms part of a broader partnership under which Urban Vault will support Green SM’s workspace requirements across key Indian cities. The development comes amid strong demand for flexible office solutions in major urban markets, with coworking operators significantly increasing office leasing activity during the first quarter of 2026, according to industry data.Read more

12 Jun 2026

Thailand-based hospitality and property development company Dusit International has signed an agreement with luxury real estate and hospitality developer Atmosphere to launch the Dusit Princess Rishikesh in Uttarakhand. The upper-midscale hotel will feature 300 rooms and is expected to open in 2031. The project marks another step in Dusit International’s expansion strategy in India, a market it views as offering strong long-term growth opportunities. The development is expected to strengthen Rishikesh’s hospitality landscape, which has been witnessing increasing demand from leisure, wellness and experiential travellers.Read more

12 Jun 2026

• Nexus Select Trust plans to deploy INR 2,000 crore to expand its retail presence in Northeast India through acquisitions and greenfield developments.
• The REIT is assessing opportunities across key cities where organised retail supply remains limited despite growing consumption and urbanisation.
• The investment forms part of the company's broader portfolio expansion strategy beyond established metropolitan markets.
• The planned deployment highlights increasing investor interest in the Northeast's retail and commercial real estate sector.Read more

12 Jun 2026

The Enforcement Directorate (ED) has conducted a fresh round of searches across Punjab and Uttar Pradesh as part of its money laundering investigation into an alleged INR 100 crore GST fraud linked to mobile phone trading. The probe involves Punjab minister Sanjeev Arora, who was arrested last month and is currently in judicial custody. Search operations covered multiple residential and business premises associated with individuals and entities under investigation, including Hampton Sky Realty Ltd., a company linked to Arora. The latest action marks an expansion of the agency’s inquiry into alleged fraudulent GST transactions and the suspected laundering of proceeds generated through the scheme. The case has also had political implications in Punjab, with Arora’s ministerial portfolios being reassigned following his arrest.Read more

12 Jun 2026

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and strongerRead more

11 Jun 2026

Home loan interest rates in India continue to be influenced by monetary policy decisions, inflation trends and individual borrower profiles, with the Reserve Bank of India maintaining the repo rate at 5.25% in its latest policy review. While benchmark rates have remained stable, lenders continue to assess applicants based on factors such as CIBIL Score, income stability, loan amount and property characteristics. Industry estimates indicate that even marginal differences in borrowing rates can significantly alter monthly EMIs and total repayment obligations over the life of a loan. Borrowers are increasingly using EMI calculators to compare repayment scenarios, assess affordability and evaluate tenure options before approaching lenders. The trend reflects growing awareness among homebuyers of the long-term financial implications associated with home loan borrowing decisions.Read more

11 Jun 2026

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

11 Jun 2026

DK Vertex, a co-working and managed workspace operator under the Vertex Group, has invested around INR 70 crore to establish seven flexible workspace centres across Gurugram, Mumbai and Bengaluru as demand for managed office solutions continues to rise. The company launched a new 700-desk facility in Gurugram in the past week and plans to offer seats at rentals ranging from INR 14,000 to INR 18,000 per desk. Of the seven centres, four are already operational, providing around 6,000 seats with occupancy reaching 75 per cent. The remaining capacity, including 4,000 built-to-suit seats, is expected to become operational over the next two months. The expansion comes amid sustained growth in India's flexible workspace segment, which accounted for 18 per cent of office leasing activity during the January-March quarter.Read more

11 Jun 2026

A TPG-led investor group has acquired grocery-anchored retail real estate company ECHO Realty in a transaction valued at approximately USD 2 billion. The deal marks a significant investment in the retail property sector, particularly in grocery-anchored shopping centres, which have remained resilient amid changing consumer spending patterns and e-commerce growth. The acquisition strengthens TPG Real Estate’s presence in the retail real estate segment and reflects continued investor interest in income-generating retail assets backed by essential services. The transaction is among the notable real estate investment deals announced in the market recently.Read more

11 Jun 2026

Global investment research firm Morningstar has leased an additional 32,551 sq ft of office space at Wadhwa Group’s Vishwaroop IT Park in Vashi, Mumbai, strengthening its presence within the commercial asset. The nine-year lease is expected to generate around INR 43.54 crore in rental revenue for the developer through 2034. Following the transaction, Morningstar’s total occupancy at the project has increased to 4.45 lakh sq ft. The fully leased office development spans 6.25 lakh sq ft of built-up area and generates annual rental income of about INR 75 crore. The deal comes amid sustained demand for office space across India, with the country’s office market recording a record 29.9 million sq ft of leasing activity during the January–March 2026 quarter.Read more

11 Jun 2026

The National Bank for Agriculture and Rural Development (NABARD) is set to raise up to INR 70 billion through a bond issuance with a tenure of three years and one month. The proposed fundraising includes a base issue size of INR 20 billion and a greenshoe option of INR 50 billion. NABARD has invited coupon and commitment bids for the issue, with bidding scheduled for June 10. The bonds have been assigned the highest credit rating of AAA by both ICRA and CRISIL. The fundraising exercise forms part of the development financial institution's borrowing programme to support its lending and refinancing activities focused on agriculture, rural infrastructure and allied sectors across India.Read more

10 Jun 2026

Tata Capital Housing Finance is set to raise up to INR 11.25 billion through the issuance of five-year bonds, according to market participants. The proposed fundraising comprises a base issue size of INR 10 billion and a greenshoe option of INR 1.25 billion. The company has fixed a coupon rate of 8.15% and invited commitment bids for the issue on June 10. The bonds have received AAA ratings from CRISIL and ICRA, reflecting the highest level of creditworthiness. The proposed debt issuance comes as non-banking financial companies and housing finance firms continue to access domestic bond markets to secure long-term funding for lending operations, including housing finance and retail credit activities.Read more

10 Jun 2026

Janus Henderson Group has announced plans to close and liquidate its Janus Henderson U.S. Real Estate ETF (JRE), marking the end of the fund’s operations. The asset manager said the ETF will stop accepting creation orders in August, with trading set to be halted shortly thereafter. Investors holding shares in the fund will receive liquidation proceeds following the completion of the process. The move comes as asset managers continue to review product offerings and streamline investment portfolios based on investor demand, assets under management and market conditions.Read more

10 Jun 2026

Riyad REIT has completed the sale of a property held through one of its international investments, Riyad International Real Estate (IV). Following the transaction, the fund's total proceeds from the investment have reached SAR 67 million. The fund manager stated that the disposal is expected to strengthen Riyad REIT's liquidity position and provide additional financial flexibility. The proceeds are planned to be deployed across several strategic initiatives aimed at supporting the fund's investment objectives. The transaction forms part of the fund's ongoing efforts to optimise its portfolio and manage capital efficiently.Read more

10 Jun 2026

Tata Consultancy Services (TCS) has renewed the lease for nearly 1.5 million sq ft of office space at its Chennai campus in a deal valued at approximately INR 1,420 crore over ten years, making it one of India's largest office lease renewals of 2025. The long-term commitment reinforces Chennai's position as a key technology and business destination while reflecting continued demand for large-scale Grade A office spaces. The transaction also highlights the confidence of major IT firms in maintaining substantial physical workspaces despite evolving workplace strategies across the sector.Read more