20 Jul 2026

The Central Bureau of Investigation (CBI) has carried out searches at six locations across four states in connection with an alleged INR 1,109 crore bank fraud involving Bhubaneswar-based Gupta Power Infrastructure Ltd. The agency alleges that the company secured higher credit facilities from Canara Bank by manipulating financial records, inflating stock values and trade receivables, and diverting loan funds. Searches were conducted at the company's offices, manufacturing units and the residential premises of its directors as part of the ongoing investigation into the alleged financial irregularities.Read more

20 Jul 2026

The Grand Cliff Resort in Munnar has received the Government of India's 5-star classification after undergoing a detailed evaluation of its facilities, service standards, operations, sustainability practices and guest experience. The recognition places the property among Kerala's highest-rated hospitality destinations. Along with its luxury offerings, the resort has also focused on responsible tourism, gender-inclusive initiatives, environmental conservation and community development. It has hosted international events and dignitaries, while continuing to promote sustainable tourism and local cultural preservation in the Munnar region.Read more

20 Jul 2026

Kolte-Patil Developers reported sales bookings of INR 617 crore during the April–June quarter of FY2026–27, broadly unchanged from the corresponding period a year earlier, reflecting stable demand across its residential portfolio. While pre-sales remained flat, the company recorded a 29% increase in average sales realisation to INR 9,442 per sq ft, supported by strategic price revisions and a greater contribution from Mumbai projects. The developer also launched 0.78 million sq ft during the quarter and reported a 30% rise in customer collections to INR 715 crore, indicating continued execution across its ongoing developments. Mumbai accounted for nearly one-third of the quarter's sales value, highlighting its increasing significance within the company's portfolio.Read more

20 Jul 2026

• The Reserve Bank of India (RBI) has issued new directions prohibiting banks and non-banking financial companies (NBFCs) from selling repossessed immovable properties back to defaulting borrowers or their related parties.
• The revised norms require lenders to dispose of such assets within seven years of acquisition, with limited extensions allowed under specified conditions.
• The framework aims to improve transparency in the disposal of stressed assets, strengthen recovery practices and discourage borrowers from regaining assets after default.
• The guidelines form part of RBI's broader framework governing the acquisition, management and disposal of assets recovered through loan defaults.Read more

20 Jul 2026

CA Immobilien Anlagen AG (CA Immo) has signed another lease agreement for around 1,500 square metres of office space at its CIELO office building in Dusseldorf. The latest transaction comes as the company continues to strengthen occupancy at the premium office asset while advancing its strategy of repositioning the property as a multi-tenant office building. Earlier this year, the company had already secured multiple lease agreements at the same property, reflecting continued demand for quality office spaces in Dusseldorf's central business district despite a challenging commercial real estate market.Read more

20 Jul 2026

• Brigade Hotel Ventures Limited (BHVL) plans to invest around INR 1,100 crore to develop three Hyatt-branded hotels in Chennai, strengthening its hospitality portfolio and expanding its presence in South India's premium hotel market.
• The projects include Grand Hyatt Chennai ECR, Hyatt Regency Chennai and Hyatt Place Chennai OMR, collectively adding nearly 600 keys to the city's hospitality inventory over the next few years.
• Grand Hyatt Chennai ECR, expected to open in 2029, will feature about 200 rooms, multiple dining venues, wellness facilities and extensive MICE infrastructure, targeting business travellers, leisure guests and destination weddings.
• The expansion aligns with BHVL's long-term growth strategy and Hyatt's India expansion plans, reflecting growing demand for premium branded hotels driven by business travel, tourism and large-scale events in Chennai.Read more

20 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced new regulations requiring promoters to maintain separate bank accounts for Interest-Free Maintenance Security (IFMS) funds collected from homebuyers. The rules also mandate that the entire maintenance corpus, including accrued interest, be transferred to the Residents' Welfare Association (RWA) or Association of Allottees once it takes over maintenance responsibilities. The move aims to improve financial transparency, protect homebuyers' interests and ensure proper management of maintenance funds.Read more

20 Jul 2026

SEGRO has strengthened its leasing activity by signing three new agreements covering around 540,000 square feet at SEGRO Park Coventry. The deals include facilities for Volvo Group UK, DIRKS Consumer Logistics and GigaCloud Technology, adding GBP 6 million in annual rental income. The new leases form part of the GBP 53 million in new rent secured by the company during the first half of 2026. The developments will expand the park's occupied space, support logistics operations, create employment opportunities and reinforce SEGRO's industrial and warehousing portfolio across the UK.Read more

20 Jul 2026

The International Financial Services Centres Authority (IFSCA) has released the report of its Expert Committee on the development of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in GIFT IFSC, outlining a comprehensive roadmap to strengthen the international financial centre as a global platform for real estate and infrastructure financing. The committee, chaired by former SEBI Whole Time Member Ananta Barua, has recommended regulatory, taxation and inter-regulatory reforms, alongside new investment products, to attract long-term domestic and foreign capital. The report also proposes introducing Mortgage REITs, enabling global and mixed REIT structures, improving capital-raising mechanisms, and creating tax parity with SEBI-regulated investment trusts. The recommendations are intended to support India's long-term infrastructure financing needs and expanding real estate sector by encouraging greater participation from global institutional investors.Read more

20 Jul 2026

Kuwait Business Town Real Estate has renewed its Murabaha financing facility agreement with a foreign bank, maintaining an Islamic financing arrangement worth GBP 30.240 million. The renewal ensures the company continues to have access to Shariah-compliant funding to support its financial requirements. Murabaha financing is widely used in Islamic banking as an alternative to conventional interest-based lending. The company has not disclosed the identity of the lending bank or provided details on the tenure, repayment structure, or intended use of the renewed facility.Read more

20 Jul 2026

PPI Public Property Invest reported an increase in its key operating metrics during the second quarter of 2026, with rental income, net operating income and profit from property management showing year-on-year growth. Rental income reached SEK 884 million, while net operating income rose to SEK 743 million. Profit from property management also improved to SEK 387 million. However, the company posted a loss after tax of SEK 59 million for the quarter, even as its first-half after-tax profit remained positive at SEK 219 million.Read more

19 Jul 2026

OTU India, owned by Kaamlo Platform Pvt Ltd, plans to accelerate the development of its workforce management platform following a strategic investment from Tally Solutions. The company will use the funding to enhance its flagship OTUHRPLUS platform, expand customer acquisition and strengthen its presence across India over the next 12 to 24 months. OTUHRPLUS digitises employee management processes, including recruitment, attendance, payroll and shift scheduling, with a particular focus on manufacturing and construction businesses. The company expects to achieve operational break-even during the current financial year and is evaluating a Series A funding round to support international expansion. A key element of the partnership is the integration of OTUHRPLUS with TallyPrime to streamline workforce and payroll management.Read more

19 Jul 2026

ITC Hotels Limited has signed a management agreement for Welcomhotel Dehradun Selaqui, a 117-key hotel that will expand its presence in Uttarakhand and strengthen the Welcomhotel brand in North India. The project, being developed in partnership with Orions Hospitality, marks the company's second Welcomhotel signing in Dehradun under its asset-right strategy. The hotel will comprise guest rooms, multiple dining venues and over 45,000 sq ft of indoor and outdoor event space, catering to business travellers, leisure guests and the meetings, incentives, conferences and exhibitions (MICE) segment. Located in Selaqui, an emerging commercial and industrial corridor of Dehradun, the project is expected to benefit from growing tourism, infrastructure development and improving regional connectivity, while complementing ITC Hotels' recently opened Welcomhotel by ITC Hotels Madhuban Dehradun.Read more

19 Jul 2026

Knowledge Economic City (KEC) has signed a non-binding term sheet with Albilad Capital to establish a closed-ended private real estate investment fund for the first phase of its Multaqa Hospitality project in Madinah. The proposed fund will be managed by Albilad Capital, subject to regulatory approvals and final agreements. The development, valued at around SAR 1.5 billion (USD 400 million), will include two Marriott-branded hotels and branded residences. The move supports KEC's broader strategy to expand its hospitality portfolio and attract institutional investment in line with Saudi Arabia's Vision 2030.Read more

19 Jul 2026

The Bansal Family, through M3M India and Smartworld Developers, has announced plans to invest around INR 10,000 crore during FY27 towards construction activities and strategic land acquisitions as its real estate portfolio surpasses a Gross Development Value (GDV) of INR 1,28,731 crore. With a fully paid land bank exceeding 3,000 acres across the National Capital Region (NCR), of which only about 26% has been utilised, the Group retains significant development potential. The family stated that it remains net debt-free, entirely promoter-owned and investment-grade rated. Its portfolio spans luxury housing, branded residences, retail, office and industrial developments, while ongoing expansion in Gurugram and Noida reflects its continued focus on the NCR market.Read more

Navi Mumbai News Desk

19 Jul 2026

Nexus Seawoods Mall will host the Purple Day Sale from July 10 to 12, offering discounts across fashion, footwear, electronics, accessories and lifestyle categories as part of a wider campaign across participating Nexus Select Malls. The three-day retail event will feature offers of up to 50% on selected merchandise from several national and international brands, alongside in-store promotions and customer engagement activities. The initiative comes as organised retail centres continue to use large-scale promotional events to increase footfall and drive consumer spending across multiple product segments beyond traditional end-of-season apparel sales.Read more

19 Jul 2026

The Competition Commission of India (CCI) has approved the KKR-led consortium’s acquisition of 100 per cent of ST Telemedia Global Data Centres (STT GDC), marking a key milestone for one of Southeast Asia’s largest digital infrastructure transactions. The deal, first announced earlier this year, will see KKR become the majority shareholder with a 75 per cent stake, while Singtel will retain 25 per cent. STT GDC, which has a significant presence in India through STT Global Data Centres India, operates across multiple global markets and continues to expand its digital infrastructure footprint.Read more

19 Jul 2026

Mumbai's Bandra Kurla Complex (BKC) is set to enter a new phase of commercial office expansion, with approximately 6.5 million sq ft of Grade A office space expected to be added between 2026 and 2029, according to JLL. The upcoming supply will increase the district's Grade A office stock from 20.4 million sq ft in 2026 to 26.9 million sq ft by 2029. The expansion follows a sustained period of strong occupier demand, during which vacancy levels declined from 17% in 2021 to 5.8% in 2025. Several large commercial developments, including Sumitomo BKC, 12 Pegasus, Prestige 101 Tower X, Alpha and Labdhi BKC Edge, are scheduled for completion over the next four years, supporting BKC's continued position as one of India's leading office markets.Read more

18 Jul 2026

Digital specialist finance marketplace Brickflow has expanded its lender panel by onboarding HBI Capital, providing brokers with direct access to the lender's bridging, development and auction finance products. Through the partnership, brokers can source loans ranging from GBP 100,000 to GBP 2 million, with individually underwritten pricing, same-day decisions in principle and privately funded lending. HBI Capital also offers free in-house valuations on qualifying loans and dual legal representation to streamline transactions. The addition increases the financing options available on Brickflow's platform, which now hosts more than 160 specialist lenders, reinforcing its focus on digitising loan sourcing and improving access to specialist property finance for brokers.Read more

18 Jul 2026

Blue Tokai Coffee Roasters will open a new café at Vihang Ventura, a commercial development in Mira Road being developed by Vihang Ahead. The outlet will become the speciality coffee chain's second café in the Mira Road market and is among the anchor retail brands signed for the mixed-use commercial project. Located opposite the Kashigaon Metro Station, Vihang Ventura has been planned as a destination for retail, office space and food and beverage outlets. The addition of Blue Tokai forms part of the developer's retail leasing strategy as it seeks to attract established national brands to the project. Blue Tokai currently operates more than 258 locations across seven Indian cities and said the new outlet reflects its continued expansion into emerging suburban markets with growing residential and commercial activity.Read more