01 Jul 2025

Vardhman Amrante Pvt Ltd, the real estate arm of the Oswal Group, has committed an investment of INR 260 crore to develop a 200-key five-star hotel in Ludhiana, Punjab. The project will be operated under the 'Westin Hotels & Resorts' brand by Marriott International. The hotel will form part of a seven-acre commercial complex spanning 17 lakh sq ft, with construction expected to begin in the coming year and the hotel slated to open in the final quarter of 2030. This initiative marks a key milestone in the company's continued expansion in Punjab's real estate market.Read more

01 Jul 2025

India's office leasing market has picked up pace in the first half of 2025, led by co-working operators who leased 6.5 million sq ft across seven major cities-a 48% jump from last year. This reflects growing demand for flexible, managed workspaces as companies look for cost-effective and scalable solutions. Despite this shift, traditional leasing remains significant. Overall, gross office leasing rose 13% year-on-year to 33.7 million sq ft. Experts note that flexible spaces are becoming central to corporate strategies, with strong demand from tech firms setting up Global Capability Centres. New Grade A office supply continues to attract both domestic and global occupiers.Read more

01 Jul 2025

Infra.Market has secured an additional $50 million from MARS Growth Capital, extending their existing $100 million deal by five years and raising MARS's total commitment to $150 million. Earlier this year, the Mumbai-based building materials platform also raised $125 million in a Series D round from global investors. Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market offers over 15 product categories, including concrete, steel, plywood, modular kitchens, and appliances, serving both institutional clients and retail outlets. The new funding will help fuel its expansion plans as it aims to become a leading construction materials brand from India, reflecting strong investor confidence.Read more

01 Jul 2025

Embassy Office Parks REIT has raised INR 1,550 crore through a mix of non-convertible debentures and term loans to refinance its existing liabilities. The fresh capital is expected to reduce annual interest costs by around 113 basis points. The funding includes INR 750 crore via debentures at a 6.97% coupon and INR 800 crore through a 15-year bank loan at a floating rate of 7.40%. This move aligns with the company's long-term strategy to strengthen its balance sheet and support future expansion across its office parks portfolio in major Indian cities.Read more

01 Jul 2025

CREDAI-MCHI supported Design POV 2025, held at Jio World Convention Centre from June 27-29, joining conversations on design, innovation, and urban development. A key panel on June 27, moderated by Dr. Harshul Savla, explored breaking myths around affordable housing and design. Speakers highlighted that modern luxury is about natural light, ventilation, spatial comfort, and well-being, not just expensive finishes. They advised against maximizing FSI at the cost of quality and emphasized the role of sustainability and wellness features like rainwater harvesting and efficient ventilation. Panelists stressed using data tools to align with market needs and balancing affordability with thoughtful, community-focused design.Read more

01 Jul 2025

The Noida Authority has denied Max Estates' request for a INR 67 crore waiver in transfer fees for the stalled Delhi One project in Sector 16B. Max Estates took over the project through a corporate insolvency process approved by the NCLT, offering to pay INR 613 crore in dues over three years to revive it. The Authority accepted the payment plan but ruled that the full transfer charges under its Unified Policy must still be paid, rejecting arguments that the insolvency process justified a waiver. Max Estates has already paid INR 135 crore, with three years granted to complete the project and clear dues.Read more

01 Jul 2025

MMRDA has cut the estimated cost of the planned Uttan-Virar sea link project from INR 87,427 crore to INR 52,652 crore, saving around INR 35,000 crore. The reduction comes after a redesign that changed lane configurations from 4+4 to 2+2 lanes and shifted from a twin-pillar to single-pillar structural design. The sea link portion was also shortened from 24.4 km to 19 km, while the project's total length remains 55.1 km. About 72% of the new cost will be financed through loans, with the rest via state equity. Deputy CM Eknath Shinde has asked MMRDA to speed up approvals and submit a detailed project report.Read more

01 Jul 2025

Pine Labs, a digital commerce and payments company backed by Temasek, has filed draft papers with SEBI for its planned IPO. It intends to raise INR 2,600 crore via fresh equity, while existing investors will sell over 14.78 crore shares through an offer for sale. The funds will go toward debt repayment, upgrading IT and cloud infrastructure, technology development, expanding digital checkout services, and strengthening subsidiaries in Singapore, Malaysia, and the UAE. For 2024, Pine Labs processed INR 7,53,105 crore in gross transaction value across 3.97 billion transactions, reported INR 1,208 crore revenue, and a INR 26.14 crore profit. It serves 9.15 lakh merchants, 666 brands, and 164 financial institutions.Read more

01 Jul 2025

The Indian government plans to ease rules for finance companies in GIFT City, its International Financial Services Centre, to boost financial activity and global appeal. The Ministry of Corporate Affairs has proposed extending regulatory exemptions under Section 186 of the Companies Act, 2013-currently given to RBI-registered NBFCs-to firms registered with the International Financial Services Centres Authority (IFSCA). Section 186 governs limits on inter-corporate loans, guarantees, and investments. This change would make it easier for GIFT City firms to borrow and lend across companies. Public feedback is open until mid-July. The move aims to strengthen GIFT City's competitiveness as a global financial hub.Read more

30 Jun 2025

India's logistics costs have dropped from nearly 16% to around 10% of GDP, according to Transport Minister Nitin Gadkari, who aims to bring it down to 9% soon. Faster port handling, lower transport costs, and innovations like FASTag have cut delays and fuel waste, helping exporters and small businesses. The government is focusing on green fuels and multimodal hubs, building logistics parks in Assam, Nagpur, and Jammu & Kashmir. New expressways will soon connect Delhi to cities like Jaipur and Dehradun in just a few hours. These steps, under plans like Bharatmala and Sagarmala, aim to make India's supply chains more efficient and sustainable.Read more

30 Jun 2025

The Gujarat government has fixed the annual house tax at INR 200 for all rural homes built under PMAY-Gramin and similar housing assistance schemes. This tax rate, which will remain unchanged for the next four years, aims to protect economically weaker households from arbitrary increases by local Gram Panchayats. The policy was formally notified by the Panchayat, Rural Housing, and Rural Development Department and is part of Chief Minister Bhupendra Patel's broader push for structured rural governance and affordability. Officials plan to reassess the tax structure after the four-year period, based on its ground-level impact.Read more

30 Jun 2025

Flipspaces, a tech-led commercial interiors platform, has secured an additional INR 50 cr from the Asiana Fund, extending its recent USD 35 mn funding round. This fresh capital will support its expansion across India, the US, and UAE, while enhancing its proprietary technology and enabling sector-aligned acquisitions. The round also marks a strategic partnership, with Asiana Fund backed by Jalaj Dani of Asian Paints bringing operational and consumer-brand expertise to Flipspaces' next growth phase. With INR 190 cr revenue in FY24 and narrowing losses, the company is well-positioned for scale and stronger market presence.Read more

30 Jun 2025

In a major step toward resolving civic infrastructure deficiencies in Pune's merged villages, Maharashtra's Urban Development Department has approved INR 5 crore for each of the 23 areas recently added to Pune Municipal Corporation (PMC) and the Uruli-Phursungi Municipal Council. The funds are directed at fixing long-standing issues such as untreated waste, odour from garbage depots, unpaved roads and erratic water supply. Plans include scientific waste processing, drawing treated water from the Jambhulwadi reservoir, and reviving local staffing. The state has also introduced a property tax amnesty to ease the financial burden on residents.Read more

30 Jun 2025

JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received approval from SEBI to begin brokerage operations in India. This marks the third and final regulatory green light for the Jio BlackRock joint venture, following earlier approvals granted to its asset management and investment advisory arms. Formed as a 50:50 partnership between Jio Financial Services and BlackRock Inc., the venture aims to deliver a full spectrum of investment solutions to Indian investors by blending global expertise with local digital scalability. The broking arm is positioned to serve both retail and self-directed investors.Read more

30 Jun 2025

Blackstone has acquired around USD 2 billion worth of performing commercial real estate (CRE) loans from Atlantic Union Bank, which had inherited the portfolio from Sandy Spring Bank. This transaction, executed at a slight discount, enables Atlantic Union to redirect capital towards reducing high-cost deposits and scaling its securities portfolio. The loans, largely backed by apartment and retail assets, were seen as low-risk and attractively priced. Blackstone's Real Estate Debt Strategies arm executed the purchase as part of its broader plan to acquire discounted CRE debt amid regional banks' retreat. The move drew positive reactions from financial analysts and advisors alike.Read more

30 Jun 2025

IIFL Home Finance teamed up with RG Group in Greater Noida West to host a property registration drive that saw over 100 homes registered in a single day. More than 50 buyers also secured home loans from IIFL on the spot, speeding up the process of moving into new homes. The event brought together government officials, legal support, and financing under one roof, making the experience hassle-free for buyers. Leaders from IIFL and RG Group noted the strong demand for quality housing in Delhi NCR and stressed the importance of partnerships that make home ownership easier, faster, and more transparent.Read more

30 Jun 2025

In a big push towards digitisation, Navi Mumbai's civic body has rolled out new initiatives that helped collect INR 212 crore in property tax in just three months. Under Dr. Kailash Shinde's leadership, the campaign used digital payment methods, a WhatsApp chatbot, and a revamped online portal to make payments easier. A unique touch: 200 women from self-help groups were trained to deliver bills and update records, boosting local employment. Over half the bills reached homes in just 30 days, encouraging early payments with a 10% discount. With SMS alerts, widespread publicity, and multiple payment options, NMMC is making tax payments simpler and more transparent.Read more

29 Jun 2025

JP Morgan has signed a 10-year lease for 1.16 lakh sq. ft. of office space in a newly built tower at Mumbai's Bandra Kurla Complex (BKC), developed by Sumitomo's Goisu Realty. The deal, valued at INR 6.91 crore in monthly rent with 15% escalations every three years, includes a INR 62.23 crore security deposit. The new space, spanning two floors, will serve as the bank's front office from October 2026. BKC, a key BFSI hub, continues to attract top firms-Tesla also recently leased showroom space nearby. Sumitomo is expanding rapidly in Mumbai, with major property acquisitions in Worli and Lower Parel.Read more

29 Jun 2025

India's office market recorded a healthy 11% year-on-year growth in gross leasing during the April-June quarter, reaching 178 lakh sq ft across seven major cities, as per Colliers India. Demand strengthened in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune, while Mumbai was the only metro to witness a decline in activity. The data excluded lease renewals, pre-commitments, and LOI-based transactions. Industry experts noted that 2025 is continuing the growth momentum seen over the past two years, with projections suggesting that office space absorption could hit 65-70 million sq ft by year-end.Read more

29 Jun 2025

The Uttar Pradesh government has trimmed the budget for Ghaziabad Municipal Corporation's new Arthala office from INR 110 crore to just under INR 100 crore. Despite the cut, the G+5 green building-spread across 21,000 sq.m-will retain core features like solar systems, rainwater harvesting, and space for 209 civic vehicles. The UP Jal Nigam will execute the project, slated for completion next year. This comes amid Ghaziabad's record-high civic budget of INR 3,722 crore, with major allocations for ward-level infrastructure, roads, drainage, and a new sports complex. The new headquarters is expected to enhance civic operations and address current space limitations.Read more