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

18 Jul 2026

Wheels India Ltd has approved a proposal to raise up to INR 400 crore through the issuance of equity shares and other eligible securities in one or more tranches. The Board of Directors cleared the fundraising plan at its meeting held on July 10, authorising a committee to determine the timing, pricing and terms of the issue. The company may raise capital through domestic or international offerings, including qualified institutional placements, preferential allotments, rights issues and private placements. Wheels India reported a net profit of INR 139 crore on revenue of INR 5,124 crore in the previous financial year.Read more

17 Jul 2026

Skanska has secured a contract worth about SEK 1 billion to build a new city campus for Kristianstad University in Sweden. The project, awarded by Boulevardfastigheter AB, will provide a modern education and research facility designed to serve around 13,000 students and 550 staff members. The development also places strong emphasis on sustainability through the reuse of construction materials from the adjacent Galleria Boulevard. Construction is scheduled to begin in early August 2026, with completion targeted for June 2029, and the contract will be recorded in Skanska’s third-quarter 2026 order bookings.Read more

17 Jul 2026

• A CRISIL report estimates that India's non-sovereign debt could rise from about 84% of GDP in fiscal 2026 to nearly 150% by 2047, in line with debt levels seen in developed economies during periods of rapid economic transformation.
• The report says achieving the Viksit Bharat vision of a USD 30 trillion-plus economy will require significantly deeper debt capital markets, as banks alone may not be able to meet the country's growing financing needs.
• It recommends expanding the corporate bond market by broadening the issuer base, increasing investor participation, strengthening secondary market liquidity and encouraging investments in mid-rated corporate bonds.
• CRISIL also advocates developing securitisation, covered bonds and municipal bond markets, alongside regulatory reforms to channel long-term capital into infrastructure, housing and urban development.Read more

17 Jul 2026

Aurum PropTech Ltd has announced the acquisition of online property platform Housing.com from Australia's REA Group through an all-equity transaction, marking another significant consolidation in India's proptech sector. Under the agreement, Aurum PropTech will acquire a 100% stake in Housing.com by issuing 1,97,93,309 equity shares, representing around 20.5% of its enlarged share capital. Following the transaction, REA India's shareholding in Aurum PropTech will rise to 24.9%. The acquisition follows Aurum's earlier purchase of PropTiger and is intended to create an integrated digital real estate platform spanning property search, transactions, financing, rentals and property management. The combined platform is expected to strengthen Aurum's presence across multiple segments of the residential real estate ecosystem.Read more

17 Jul 2026

The Supreme Court has agreed to examine an Enforcement Directorate (ED) petition challenging the transfer of the Amrapali Group money laundering case from a designated Prevention of Money Laundering Act (PMLA) court in Delhi to a special court in Lucknow. The matter, listed for hearing during the past week, concerns the jurisdiction for trial proceedings arising from the agency's investigation into the alleged diversion of homebuyers' funds by the real estate developer. The ED has argued that the transfer could affect the progress of the case, which stems from directions issued by the Supreme Court during its investigation into the Amrapali Group. The outcome of the proceedings is expected to determine the appropriate forum for conducting the trial under the PMLA while ensuring continuity in the long-running case.Read more

17 Jul 2026

Prestige Estates Projects Ltd reported residential sales bookings of INR 6,579.3 crore for the first quarter of FY27, a 46% decline from the record INR 12,126.4 crore achieved in the corresponding period last year, primarily due to a high base created by a major launch in the Delhi-NCR market. The Bengaluru-based developer sold 6.04 million sq ft across 3,337 units during the quarter, with Hyderabad contributing nearly half of total pre-sales. The company completed three projects covering 4.37 million sq ft and maintained its FY27 pre-sales guidance of INR 35,000–36,000 crore. Prestige Group also highlighted its extensive development pipeline comprising 135 projects spanning 227 million sq ft across multiple markets.Read more

17 Jul 2026

Saba Capital Management has increased its shareholding in UK flexible office provider Workspace Group to 29.1%, making it the company's largest shareholder and reinforcing its campaign for strategic and governance changes. The latest investment comes ahead of Workspace's annual general meeting later this month, where Saba has proposed replacing the company's non-executive directors and advocated a property disposal programme. The increased holding leaves the activist investor just below the 30% threshold that would trigger a mandatory takeover offer under UK takeover regulations. Workspace has urged shareholders to reject Saba's proposals, arguing that its strategy would not support the company's long-term interests.Read more

17 Jul 2026

WeWork India reported a consolidated net loss of INR 4.30 crore for the first quarter of FY27, as higher operating expenses offset growth in revenue. The coworking operator's total income increased to INR 700.74 crore during the April–June quarter from INR 545.71 crore in the corresponding period last year. Operational expenditure also rose to INR 704.77 crore from INR 559.46 crore. Although the company remained in the red, its quarterly loss narrowed significantly compared with the net loss of INR 14.10 crore reported in the year-ago period, reflecting improved financial performance amid continued business expansion.Read more

17 Jul 2026

Scandic Hotels reported a 3.5% year-on-year increase in second-quarter net sales to SEK 6 billion but fell short of market expectations of SEK 6.08 billion. The Nordic hotel operator also posted adjusted EBITDA below analyst estimates, although adjusted earnings per share improved to SEK 2.01 from SEK 1.69 a year earlier. Performance was supported by strong leisure travel, a busy events calendar and stable meetings and conference demand, while a slower-than-expected recovery in Finland continued to weigh on results. The company expects occupancy levels in the third quarter to remain broadly in line with last year, with higher average room rates and second-half performance comparable with 2025.Read more

17 Jul 2026

Signature Global Ltd reported a 25% year-on-year decline in sales bookings during the first quarter of FY27, with pre-sales falling to INR 1,970 crore amid lower sales volumes. The Gurugram-based developer sold 226 residential units during the quarter, compared with 778 units a year earlier, while the area sold declined to 0.72 million sq ft from 1.62 million sq ft. Despite the slowdown in volumes, the company's average sales realisation improved to INR 17,093 per sq ft. Customer collections also fell 28% to INR 670 crore during the quarter. Signature Global has maintained its FY27 pre-sales guidance of INR 10,000 crore after recording sales bookings of INR 8,250 crore in FY26, when it emerged as the fifth-largest listed real estate developer in India by pre-sales.Read more

17 Jul 2026

Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a new regulatory framework for the collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers. The revised provisions require developers to maintain IFMS in a separate bank account, invest the funds securely and transfer the entire corpus to Residents' Welfare Associations (RWAs) or Associations of Allottees during project handover. The amendment also introduces project-wise IFMS rates, mandatory audits and stricter financial reporting to improve transparency and ensure that maintenance funds are used only for their intended purpose.Read more

17 Jul 2026

India’s leading states are investing heavily in new commercial districts as competition intensifies to attract global businesses, GCCs, financial institutions and technology firms. While Mumbai’s Bandra Kurla Complex remains the benchmark, emerging hubs such as GIFT City in Gujarat, Hyderabad’s Financial District, Navi Mumbai’s International Corporate Park and the Noida International Airport region are positioning themselves as major business destinations. Together, these developments highlight how infrastructure, office space and economic clustering are reshaping India’s commercial landscape.Read more

17 Jul 2026

Workspace Group Plc reported a modest improvement in its operating performance during the first quarter, with higher stabilised occupancy and rental income across its flexible office portfolio. The company completed 375 leasing transactions, including new lettings and renewals, while its total portfolio occupancy reached 79.8%. Alongside the operational update, Workspace said it is evaluating additional asset disposals worth more than GBP 100 million, taking forward its strategy to strengthen earnings and optimise its property portfolio. The move also comes as the company continues to face pressure from activist investor Saba Capital.Read more

17 Jul 2026

Blackstone-backed data centre operator AirTrunk is preparing to launch a Singapore real estate investment trust (REIT) IPO in September or October, aiming to raise around USD 1.5 billion, according to sources. The company has reportedly filed confidentially for the listing and has begun discussions with potential cornerstone investors. The proposed listing comes as investor interest in data centre assets continues to grow, driven by rising demand from cloud computing and artificial intelligence. However, the final timeline and deal size may change depending on market conditions.Read more

17 Jul 2026

The Securities and Exchange Board of India (Sebi) has exempted the Mehta Family Trust, promoted by actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares in Saurashtra Cement Ltd. The exemption has been granted as the transaction is part of an internal family restructuring for succession planning and does not change the company’s control or affect public shareholders. Sebi has imposed certain compliance conditions, including filing a report after the acquisition and completing the transaction within the specified validity period.Read more

17 Jul 2026

Construction of Dholera International Airport in Gujarat is around 80% complete, with the facility expected to become operational by October this year, according to Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu. During a review of the project, the minister said the runway, taxiway, Air Traffic Control (ATC) tower and ancillary infrastructure have been fully completed, while work on the passenger terminal has reached 75%. The airport, being developed as part of the Dholera Special Investment Region, will feature a 25,000 sq m passenger terminal capable of handling 2 million passengers annually and a dedicated cargo terminal. The project is integrated with planned industrial, semiconductor and transport infrastructure, including a high-speed rail corridor, and is intended to support manufacturing, logistics, aerospace and aviation-related investments in the region.Read more

17 Jul 2026

• The Panchkula Municipal Corporation (MC) has identified around INR 37 crore in pending property tax dues from major defaulters, including hotels, IT companies, commercial establishments and government bodies, as part of an intensified recovery campaign.
• The civic body has begun issuing notices to defaulting property owners and warned that strict enforcement measures, including sealing of properties, may be initiated against persistent defaulters.
• Officials said recovering the outstanding dues is essential to strengthen the corporation's finances and improve the delivery of civic infrastructure and public services across the city.
• The recovery drive follows the conclusion of the property tax interest waiver scheme, after which the municipal corporation has adopted a stricter approach towards tax collection.Read more

16 Jul 2026

I Squared Capital has signed an agreement to invest up to USD 2 billion in digital infrastructure and district cooling assets owned by Saudi Arabia’s Public Investment Fund (PIF). The investment will be split equally between the two sectors, with scope for further expansion into related infrastructure businesses. The move builds on an investment partnership announced last year and supports Saudi Arabia’s efforts to diversify its economy beyond oil. It also follows reports that PIF was exploring the sale of its district cooling assets as part of its broader capital recycling strategy.Read more

16 Jul 2026

Navi Mumbai International Airport (NMIA) has started its international operations with Air India Express launching direct flights to Abu Dhabi, marking a key milestone in the airport's expansion. The three-times-a-week service is the first international route from NMIA since domestic operations began late last year. Along with passenger services, the inaugural flight also carried the airport's first international perishable export shipment. The development strengthens aviation connectivity across the Mumbai Metropolitan Region while supporting trade, cargo movement and future international expansion through additional airline partnerships and overseas destinations.Read more