05 Jun 2026

Kotak Alternate Asset Managers (Kotak Alts) has completed the final close of its 14th real estate fund at nearly USD 1 billion, attracting commitments from a subsidiary of the Abu Dhabi Investment Authority (ADIA), South Korea's National Pension Service (NPS Korea) and other institutional investors. The fund will focus on providing structured financing across residential, commercial and mixed-use real estate projects in India. The milestone underscores sustained global investor confidence in the country's property sector and marks NPS Korea's first investment in India's alternative assets market.Read more

05 Jun 2026

Spanish real estate company Merlin Properties plans to moderate the growing share of revenue generated by its data centre business to avoid overdependence on a single asset class. The company is progressing with a major investment programme across Spain and Portugal, supported by rising demand for AI infrastructure. While data centres are expected to become a significant contributor to rental income over the next several years, Merlin intends to maintain a diversified portfolio across offices, retail and logistics assets. The company also sees Portugal emerging as a key market for future expansion due to supportive policies for data centre development.Read more

05 Jun 2026

The Chandigarh Municipal Corporation has collected a record INR 61 crore in property tax during its annual rebate window, marking the highest-ever revenue generated in this period. The strong collection was driven by timely payments from residential and commercial property owners who availed rebate benefits offered under the city’s tax scheme. The surge reflects improved compliance and efficient tax recovery during the April–May rebate cycle, which is a key revenue mobilisation period for the civic body ahead of penalties coming into effect after the deadline.Read more

05 Jun 2026

Godrej Industries Group has entered the wealth management sector through a new platform aimed at serving high-net-worth and ultra-high-net-worth individuals across India. The company has set a target of managing INR 1 lakh crore in assets under management (AUM) within five years and plans to build a nationwide advisory network. The move marks the conglomerate’s diversification into financial services, leveraging the Godrej brand to tap rising demand for professional wealth management solutions amid growing household financial assets.Read more

04 Jun 2026

Spanish hotel group Melia has decided to stop managing, marketing and providing brand services for 15 hotels in Cuba, citing worsening economic, legal and geopolitical conditions on the island. The company, which has operated in Cuba since 1990, said the decision was driven by factors beyond its control that affected the viability and safety of continuing operations. The move comes as the United States increases pressure on Cuba through stricter sanctions and other measures. Melia noted that most of the affected hotels were already closed or inactive as Cuba's tourism sector continues to face significant challenges.Read more

04 Jun 2026

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

04 Jun 2026

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

04 Jun 2026

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

04 Jun 2026

• 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

04 Jun 2026

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

04 Jun 2026

• 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

04 Jun 2026

• 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