16 Jul 2026

India's latest ranking of the country's most valuable real estate companies shows a year of slower growth, with overall company valuations rising just 2% despite a broader market correction. DLF remained the most valuable real estate company, while Gautam Adani and family topped the real estate rich list for the first time. Hospitality, REITs and professionally managed companies continued to strengthen, reflecting the sector's gradual shift towards institutionalisation even as residential and commercial segments faced pressure.Read more

16 Jul 2026

The latest GROHE-HURUN India Real Estate 150 report shows that Adani Properties emerged as one of the biggest gainers in the real estate sector despite a difficult year for the industry. The company's valuation rose by 72 per cent, making Gautam Adani the fourth-richest real estate entrepreneur in India. The report also highlights that most real estate firms witnessed a decline in valuations, while the BSE Realty Index fell sharply. DLF retained the top position, followed by Lodha Developers and IHCL, with only a limited number of companies reporting valuation growth.Read more

16 Jul 2026

Bengaluru, India's largest office market, recorded a 21% year-on-year decline in gross office leasing during the first half of 2026, as corporates delayed leasing decisions amid geopolitical uncertainty and AI-led business transformation, according to JLL India. The city leased 9.37 million sq ft of office space between January and June, compared with 11.79 million sq ft a year earlier. Across the seven major office markets, gross leasing declined 4% to 37.90 million sq ft. While Bengaluru, Delhi-NCR and Kolkata registered lower leasing volumes, Mumbai, Pune, Hyderabad and Chennai posted growth. JLL said Global Capability Centres (GCCs) remained the principal driver of demand, accounting for 41.7% of total leasing activity, while co-working operators achieved record absorption, reflecting continued demand for flexible office space from domestic and multinational occupiers.Read more

16 Jul 2026

Radisson Hotel Group has signed an agreement to develop the 208-key Radisson RED Mumbai International Airport, with the hotel scheduled to open by December 2026. Located about four minutes from Chhatrapati Shivaji Maharaj International Airport, the property will provide connectivity to major commercial and business districts, including Andheri MIDC, SEEPZ Mumbai, Bandra Kurla Complex (BKC) and the Jio World Convention Centre. The signing will expand Radisson Hotel Group's portfolio in the Mumbai Metropolitan Region (MMR) to eight properties, reinforcing its presence in one of India's busiest business and travel markets. The development reflects continued investment in airport-linked hospitality assets catering to business travellers and transit guests.Read more

16 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued fresh guidelines enabling homebuyers to claim refunds of excess Goods and Services Tax (GST) collected by developers and has directed all registered promoters to levy GST strictly at the rates notified by the Central government. The authority said instances had come to light where homebuyers were charged GST above the prescribed rates despite earlier instructions. In coordination with the State Tax Department, UP RERA has outlined the refund process for cases involving cancelled projects, terminated agreements or revoked allotments where the statutory period for developers to issue credit notes has expired. The regulator has also instructed promoters to refund excess GST wherever applicable and ensure full compliance with the notified tax rates.Read more

16 Jul 2026

Realty Income has expanded its revolving credit facilities and global commercial paper programmes to a combined capacity of USD 5.5 billion, strengthening its access to capital for future growth. The revised facilities include an accordion feature that can increase borrowing capacity to USD 6.5 billion, subject to lender approvals. The company has also lowered its borrowing costs under the new arrangement while extending the maturity profile through two equal tranches maturing in 2029 and 2030. The move is aimed at enhancing liquidity and supporting future investments.Read more

15 Jul 2026

ITC Hotels Ltd has signed a management agreement with Orions Hospitality for the development of Welcomhotel Dehradun Selaqui, a 117-key property in Uttarakhand. The agreement expands the hospitality company's presence in the state as Dehradun continues to witness growth in business travel, tourism and destination events. The project will be managed under the Welcomhotel brand and is intended to cater to the evolving accommodation requirements of corporate and leisure travellers while strengthening ITC Hotels' portfolio in northern India.Read more

15 Jul 2026

Icade has acquired the remaining 49% stake in SAS Tour Eqho, the company that owns the Eqho Tower estate in Paris, from South Korean investors. With this transaction, the French real estate company has taken full ownership of the asset. The company said the acquisition is expected to generate a return of more than 8% and improve its net operating cash flow. The move aligns with Icade’s strategy of strengthening its investment portfolio through selective acquisitions of high-quality commercial assets.Read more

15 Jul 2026

Kalpataru Ltd has reported a 6% year-on-year increase in sales bookings to INR 1,329 crore for the first quarter of FY27, supported by sustained demand in the residential market. Customer collections rose 17% to INR 1,365 crore during the April–June period, reflecting improved cash inflows. The Mumbai-based developer also highlighted its expanded project portfolio, comprising 83 completed developments and 31 ongoing and forthcoming projects across key cities. In FY26, the company posted significant growth in both revenue and net profit, indicating stronger operational performance.Read more

15 Jul 2026

Morrisons is in discussions with multiple parties, including U.S.-based Realty Income, for a real estate financing transaction valued at around USD 803 million. The proposed arrangement is expected to differ from a traditional sale-and-leaseback structure and could instead be backed by a portfolio of the retailer's stores. The move follows the company's earlier efforts to unlock value from its freehold property assets as it continues to streamline operations amid intense competition, changing consumer spending patterns, and rising cost pressures in the UK grocery market.Read more

15 Jul 2026

Faalcon Concepts Ltd has secured a work order worth INR 101.93 crore from Splendor Information Technology Pvt Ltd for façade works at the Splendor ONYX commercial development in Sector 142, Noida. The three-year contract covers the design, fabrication, supply and installation of aluminium glazing façade systems. The order is valued at more than three times the company's standalone FY26 revenue and is expected to strengthen revenue visibility over the execution period. Between January and July 2026, the company has secured cumulative orders worth around INR 125.9 crore, reinforcing its order book in the commercial infrastructure segment.Read more

15 Jul 2026

The Karnataka High Court has upheld the uniform property tax regime for five-star hotels within Bengaluru's erstwhile BBMP limits, ruling that luxury hotels constitute a distinct category eligible for a common tax slab irrespective of location. Dismissing petitions challenging the levy, the court held that the classification does not violate Article 14 of the Constitution. The judgment reinforces the civic authority's taxation framework, providing greater legal certainty for municipal revenue collection and reducing the scope for future disputes.Read more

15 Jul 2026

Shapoorji Pallonji (SP) Group has opened subscriptions for its first US dollar-denominated bond issue, seeking to raise USD 650 million as part of a broader INR 25,500 crore fundraising programme aimed primarily at refinancing existing debt. The three-year bond, issued through Mercury Finance, follows multiple delays linked to uncertainty surrounding the group's investment in Tata Sons. Market sources said easing hedging costs after measures introduced by the Reserve Bank of India to encourage foreign currency inflows helped revive the transaction. The fundraising programme also includes a separate zero-coupon bond issuance through another group entity.Read more

Mumbai News Desk

15 Jul 2026

Mumbai University has approved plans to establish 12 new skill-based colleges during the 2027–28 academic year, including five institutions in Mumbai, as part of its five-year perspective plan aimed at aligning higher education with industry requirements under the National Education Policy (NEP) 2020. The proposed colleges will offer vocational and employment-oriented programmes tailored to regional economic needs across Mumbai, Thane, Raigad, Ratnagiri, Sindhudurg and Palghar. The initiative seeks to enhance employability, improve access to higher education and strengthen the university's role in developing a skilled workforce for emerging sectors.Read more

15 Jul 2026

Smartworks Coworking Spaces has expanded its enterprise leasing portfolio by signing a managed office agreement for more than 930 seats in Pune with the Indian subsidiary of a UK-based company. The latest transaction adds to the company's growing list of large corporate mandates as demand for flexible workspaces continues to rise. In recent months, Smartworks has secured several large leasing deals across major cities, reflecting increasing interest from multinational companies seeking managed office solutions in India.Read more

15 Jul 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 1,021 crore as part of its money laundering investigation involving the Reliance Anil Ambani Group.
• The attached properties include land parcels, buildings and other immovable assets allegedly linked to entities under investigation.
• The agency's action follows allegations of financial irregularities and diversion of funds connected to loans obtained from financial institutions.
• The provisional attachment has been carried out under the Prevention of Money Laundering Act (PMLA), with the investigation continuing into the alleged transactions and beneficiary entities.Read more

15 Jul 2026

L&T Finance reported a strong performance for the June quarter, with consolidated net profit rising 29 per cent year-on-year to INR 902 crore. The company also recorded growth in its loan book, retail disbursements and net interest margin, while asset quality continued to improve. Gross Stage 3 assets declined and credit costs reduced due to stronger collections and the use of artificial intelligence-led tools. Unsecured personal loan disbursements more than doubled during the quarter, reflecting robust demand across retail lending segments.Read more

15 Jul 2026

Institutional investments in India's real estate sector reached a record USD 4.1 billion during the first half of 2026, registering a 58 per cent year-on-year increase, according to Vestian. The growth was supported by stronger participation from both domestic and foreign investors, particularly during the second quarter. Commercial assets continued to attract the largest share of investments due to sustained demand from Global Capability Centres (GCCs), while investors also diversified into other real estate segments. Industry experts believe improving economic conditions and stronger investor confidence are expected to support continued investment activity.Read more

15 Jul 2026

Puravankara Ltd reported a strong operational performance for the first quarter, with pre-sales increasing 28% year-on-year and customer collections rising 40% compared to the same period last year. Alongside its sales performance, the company entered into an agreement with ICICI Prudential Asset Management Company for the sale of a commercial property. The transaction values the asset at an enterprise value of INR 6.26 billion. The company has continued to focus on improving cash flows through higher collections while monetising select commercial assets to strengthen its business.Read more

15 Jul 2026

• AustralianSuper has committed an additional AUD 500 million to the National Investment and Infrastructure Fund (NIIF), increasing its total investment exposure in India to AUD 3.3 billion.
• The announcement was made during Prime Minister Shri Narendra Modi's visit to Australia and underscores the pension fund's long-term confidence in India's infrastructure and growth prospects.
• The fresh capital will be channelled through NIIF-managed infrastructure investment platforms spanning transport, energy, logistics and urban infrastructure.
• The expanded partnership reflects growing institutional interest in India's infrastructure sector and aligns with NIIF's strategy of attracting global long-term capital.Read more