22 Jul 2025

India's Grade A industrial and warehousing sector recorded a 33% year-on-year increase in demand during the first half of 2025, with leasing activity reaching approximately 20 million sq ft across the top eight cities. Delhi NCR and Chennai accounted for nearly half of this demand, driven largely by 3PL, engineering, and e-commerce firms. Major deals exceeding 200,000 sq ft constituted more than half of the leasing activity, with new supply almost matching demand at 19 million sq ft. Vacancy rates remained steady, while key micro markets experienced rental escalations.Read more

22 Jul 2025

Karnataka has introduced a comprehensive regulatory mechanism for groundwater extraction, making charges and digital metering mandatory for all user categories. Rates vary from INR 1 to INR 35 per cubic metre, depending on usage and groundwater zone classification. Residential, commercial, and industrial users must obtain NOCs and install approved meters. Tanker operators face strict volume caps. Penalties for non-compliance range from INR 5,000 to INR 200,000. Revenues will fund recharge and conservation projects to help reverse decades of groundwater overuse. The move marks a decisive shift toward sustainable and accountable water management in the state.Read more

22 Jul 2025

Mohali district's municipal bodies have witnessed an exceptional surge in property tax collections under the ongoing One-Time Settlement (OTS) scheme, bringing in INR 11.43 crore within just 19 days. This drive, initiated to recover pending dues with penalty waivers, saw Zirakpur contribute the highest at INR 7.53 crore, followed by Kharar and Derabassi. In an effort to facilitate taxpayer convenience, municipal offices remained open over weekends. Officials confirmed that the scheme offers full and partial penalty waivers based on payment timelines. This performance reflects growing public responsiveness and an efficient urban governance framework.Read more

22 Jul 2025

The Asian Development Bank has sanctioned a INR 975.26 crore loan to boost infrastructure across nine industrial zones in Tripura, including Bodhjungnagar, R K Nagar, Dukli, and AN Nagar. The funds will support 34 road projects, fire stations, industrial sheds, substations, and underground power lines. Tripura Industrial Development Corporation (TIDC) is also developing new industrial areas on 155 acres in Santirbazar and Fatikroy, and has reclaimed 28 acres from inactive units for reallocation. TIDC plans to promote plywood manufacturing using wood from senile rubber plantations, positioning Tripura to emerge as a key player in India's plywood industry.Read more

22 Jul 2025

Sweden-based EQT has completed its INR 1,750 crore (USD 210 million) acquisition of Niwas Housing Finance, formerly Indostar Home Finance. EQT will also inject INR 500 crore in growth capital to aid Niwas's expansion across India and enhance its digital infrastructure. Focused on affordable housing loans in tier 2-4 cities, Niwas has supported over 47,000 low-income homeowners and manages assets worth over INR 3,000 crore. EQT aims to scale the company to assist 1.5 lakh families by 2029. This move deepens EQT's presence in India's retail lending sector, following its investment in Credila, and marks a new chapter in Niwas's growth journey.Read more

21 Jul 2025

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, is set to launch an initial public offering worth INR 749.6 crore. The offering, entirely a fresh issue with no offer-for-sale component, aims to raise capital for debt repayment, land acquisition from the promoter company BEL, and strategic expansion. The firm operates nine hotels across South India and GIFT City through partnerships with hospitality brands like Marriott, Accor, and IHG. Equity shares were earlier placed with 360 ONE Alternates Asset Management, raising INR 126 crore.Read more

21 Jul 2025

Aurum PropTech has received regulatory clearance from SEBI to launch its Small and Medium Real Estate Investment Trust (SM-REIT), making it the first publicly listed Indian firm to secure such certification. The SM-REIT, registered as AMSA SM REIT Investment Trust, will be listed on stock exchanges, offering retail investors fractional ownership in income-generating premium office assets. The firm plans to roll out its first scheme shortly, with several high-yield commercial properties under evaluation. Aurum PropTech reported a total income of INR 284.98 crore for FY 2024-25.Read more

21 Jul 2025

Flexible workspace provider IndiQube Spaces is set to launch its INR 700 crore IPO from July 23 to 25, with a price band of INR 225-INR 237 per share, valuing the company at nearly INR 5,000 crore. The IPO includes a fresh issue of INR 650 crore to fund new centers (INR 462.6 crore), repay debt (INR 93 crore), and support general corporate needs. An additional INR 50 crore will be raised via an Offer For Sale by promoters, while investor WestBridge Capital retains its stake. With 115 properties across 15 cities and a FY25 income of INR 1,103 crore, IndiQube's shares will list on BSE and NSE on July 30.Read more

21 Jul 2025

In a first, the National Housing Bank (NHB) has released the names of 48 housing finance companies (HFCs) that received refinance in the past financial year, including LIC Housing Finance, PNB Housing Finance, and Piramal Capital. This move aims to enhance transparency and prevent misuse of NHB's name. It follows concerns over Aviom India Housing Finance, which allegedly used outdated NHB sanction letters to mislead lenders. NHB has also tightened refinance norms for under-construction housing loans, now requiring third-party checks to ensure projects are below 50% completion before disbursal. These steps signal a stronger regulatory stance on financial discipline and sector integrity.Read more

21 Jul 2025

State Street, a global financial services and asset management firm, has begun operations from its new Centre of Excellence at IndiaLand Tech Park in Coimbatore. The company has leased 2.1 lakh sq. ft. across four floors in Tower D of the LEED Platinum-rated IT SEZ campus in Saravanampatti. With other global firms like Amazon, Bosch, and Accenture already present, this move further anchors Coimbatore's position as a fast-growing hub for IT and BFSI sectors, offering a strategic alternative to India's metros due to its infrastructure, talent base, and sustainability-driven developments.Read more

21 Jul 2025

In a significant financial achievement, Mumbai's civic administration has for the first time collected INR 269 crore in property tax from businesses operating within slum areas. This groundbreaking collection, stemming from the current fiscal year, marks a notable success in the Brihanmumbai Municipal Corporation's (BMC) efforts to tap into previously unassessed revenue streams. The initiative targets commercial establishments in informal settlements, which had largely remained outside the property tax net, and is part of a broader drive to formalize and bring more properties across the bustling city under taxation.Read more

20 Jul 2025

UPSIDA has revitalised over 200 long-unused industrial plots in Ghaziabad, many vacant since the 1970s, by allowing partial resale under new policies. Owners of inactive units can now sell up to 75% of their land, enabling smaller businesses to acquire affordable parcels. With prices between INR 16,960 and INR 25,780 per sq m, this marks the first major land allocation in the region in two decades. UPSIDA has also allotted over 1,600 plots in three years and tripled its revenue since FY 2021-22. Backed by a INR 6,190 crore budget, the authority is investing in infrastructure and green initiatives, turning Ghaziabad into a hub for growing enterprises.Read more

20 Jul 2025

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has invested over INR 165 crore in its subsidiary ELEL Hotel and Investment Ltd to support the development of the upcoming Taj Bandstand hotel in Mumbai. The capital infusion involved acquiring more than 3.3 lakh equity shares through a rights issue, with each share priced at INR 5,000. ELEL holds leasehold rights to the iconic Bandstand land parcel in Bandra, where the new luxury property will be built. This move highlights IHCL's focus on expanding its premium hotel footprint in major cities and reinforces its long-term commitment to luxury hospitality in top-tier urban locations.Read more

20 Jul 2025

Oberoi Realty, as part of a consortium, has acquired Hotel Horizon for INR 919 crore through an insolvency resolution process. The acquisition involves a 7,502.49 sq meter sea-facing land parcel on Juhu Tara Road, Mumbai, slated for a retail-cum-hotel project. The payment settles all dues, including CIRP costs, for Hotel Horizon, incorporated in 2004. This acquisition marks a step in the insolvency resolution of the property and its planned redevelopment in Mumbai's prime real estate market.Read more

19 Jul 2025

Starwood Property Trust has struck a major deal to acquire Fundamental Income Properties for around USD 2.2 billion, adding 467 commercial properties across 44 U.S. states. The acquisition brings a high-quality, fully leased portfolio spanning 12 million sq ft, leased to 92 tenants from 56 industries, with an average lease term of 17 years and annual rent escalations around 2.2 %. The deal, backed by a mix of cash, debt, equity and a new stock offering, also assumes USD 1.3 billion in financing. Expected to boost distributable earnings, the move notably strengthens Starwood's diversified real estate platform.Read more

19 Jul 2025

The Union Cabinet recently approved a significant exemption, allowing state-run NLC India Ltd (NLCIL) to invest INR 7,000 crore into its wholly-owned renewable energy subsidiary, NLC India Renewables Limited (NIRL). This special approval bypasses standard investment guidelines for Navratna Central Public Sector Enterprises, granting NLCIL enhanced financial and operational flexibility. The move is crucial for NLCIL's ambitious plans to substantially expand its green energy capacity, aiming for over 10 GW by 2030, thereby playing a vital role in India's national climate action goals and transition towards a low-carbon economy.Read more

19 Jul 2025

Union Commerce and Industry Minister Shri Piyush Goyal held a detailed interaction with deeptech startups to understand their evolving needs and challenges. The discussions focused on enhancing access to funding, strengthening infrastructure support, easing regulatory bottlenecks, and enabling international market reach. Held during the 10th National Startup Advisory Council (NSAC) meeting, the session emphasized innovation-led growth and collaboration to build a future-ready ecosystem. Goyal reiterated the government's commitment to supporting entrepreneurs, especially from smaller cities, as part of the broader Viksit Bharat 2047 vision, with special attention to emerging technologies and deeptech ventures.Read more

19 Jul 2025

Charles Group and Patel Family Office have formalized a USD 1 billion strategic real estate partnership, aiming to create a tech-driven investment platform focused on cross-border real estate and infrastructure assets across the UK, GCC, India, and SAARC regions. The agreement was signed at the prestigious Global Wealth Conference in London, held at Mansion House. The partnership is backed by a U.S.-based tech provider and will focus on regulatory-aligned, compliant asset flows for sovereign wealth funds, family offices, and institutional investors.Read more

18 Jul 2025

Prime Minister Shri Narendra Modi is scheduled to visit Motihari, Bihar to inaugurate and lay the foundation stones of infrastructure and development projects worth over INR 7,200 crore. The announcements span across railways, roads, information technology, rural housing, fisheries, and self-help groups. Highlights include doubling and signalling upgrades of key rail lines, a 4-lane highway inauguration, new Software Technology Parks, fisheries facilities under PMMSY, and the launch of four Amrit Bharat trains. Additionally, financial aid will be released for rural housing and SHGs under flagship central schemes.Read more

18 Jul 2025

Commercial real estate investments in Asia Pacific rose to USD 31.2 billion in Q2 2025, up 15% year-on-year but down 19% from Q1, impacted by global trade tariff concerns. Retail led the asset classes with a 58% quarterly surge, while China and Japan recorded the highest investment volumes. CBRE reports growing investor confidence driven by declining debt costs and a return of positive carry. Prime office and retail spaces continue to draw strong demand. India remained active with domestic and foreign capital, and hotel investments across the region surged. Despite some caution in logistics, core property markets remain well-positioned for sustained momentum.Read more