15 Jul 2025

Madhya Pradesh has laid out a comprehensive investment roadmap worth INR 30,000 crore aimed at transforming urban development across the state. The investment proposals, announced during the 'Madhya Pradesh Growth Conclave' in Indore, span both public and private sectors and are expected to generate employment for over 14,000 individuals. Key announcements included new infrastructure and housing projects, with the state also committing to administrative flexibility and faster project approvals to attract investors.Read more

15 Jul 2025

Pakistan plans to redevelop its Roosevelt Hotel in New York City, aiming for a valuation of at least USD 1 billion. The century-old, 1,000-room property, acquired in 2000 and closed in 2020, will be redeveloped for residential and office use. The government has approved a joint venture model, retaining equity ownership as part of a USD 7 billion privatization push. Jones Lang LaSalle (JLL) will manage the process, with an initial USD 100 million payment expected by June 2026 for the 4-5 year project, driven by high interest due to the hotel's prime location.Read more

15 Jul 2025

Ludhiana's DDPO has annulled leases for 70 shops in a prime area near Ladhowal bypass after an internal audit found forged procedures, negligible rent and lack of approvals. Agreements were executed without technical, administrative or market-rate evaluations, committing INR 1,100 per month in perpetuity-far below market value. The DDPO has served eviction notices and launched legal proceedings against two implicated officials. A transparent re-allotment process is on the cards, while deeper probes aim to uncover if more staff were involved in the scheme.Read more

15 Jul 2025

Blackstone has increased its offer for UK-based Warehouse REIT to approximately GBP 489 million (USD 666 million), surpassing a previous deal. The new offer values Warehouse REIT shares at 115 pence apiece, an 8.3% premium to its June 3 closing price. This move reflects a trend of U.S. firms acquiring British assets due to perceived weaker valuations. Warehouse REIT is reviewing the offer. Blackstone intends to integrate the company into its logistics portfolio, as the UK REITs sector sees increased consolidation amidst economic uncertainty.Read more

14 Jul 2025

Frankfurt's landmark Trianon Tower has been put up for sale, signalling growing pressure on Germany's commercial property sector, which continues to reel under the weight of falling valuations and rising financing costs. The 45-storey tower, formerly housing DWS Group's headquarters, is being offloaded by a fund managed by South Korea's IGIS Asset Management. The decision comes as German office property values decline, with foreign investors adjusting their exposure. Trianon's sale reflects broader restructuring trends among Asian asset managers holding European real estate portfolios.Read more

14 Jul 2025

Puravankara Ltd reported a sales booking of INR 1,124 crore for the April-June quarter of the current financial year, reflecting a modest increase from INR 1,064 crore during the corresponding period last year. This growth came despite a slight drop in sales volume to 1.25 million sq ft, as average price realisation rose sharply to INR 8,988 per sq ft. The firm continues to maintain a robust footprint across nine cities.Read more

14 Jul 2025

The Delhi Development Authority (DDA) has sanctioned a series of major reforms intended to reinvigorate Delhi's commercial real estate market. Amalgamation charges for commercial properties have been reduced from 10% to 1% of the circle rate, and the auction multiplier lowered from 2x to 1.5x. These decisions are designed to counterbalance the capital's long-standing regulatory cost disadvantage compared to neighbouring cities. Additionally, DDA approved land use changes in Narela to establish an educational and sports hub and announced a premium housing scheme for 2025 with 177 units across prime locations.Read more

14 Jul 2025

IIFL Home Finance has secured a USD 100 million, five-year loan from AIIB to expand lending for affordable and low-cost housing development, marking AIIB's first such partnership with the firm. The loan carries an 8.58% cost per annum, includes a 1.5-year moratorium, and promotes green building practices. Serving underserved regions across 18 states, IIFL Home Finance already manages INR 40,000 crore in assets, two-thirds of which are affordable housing loans. This marks a significant step toward meeting housing demand among EWS/LIG families while advancing eco-friendly infrastructure in line with India's climate ambitions.Read more

14 Jul 2025

INOX Clean Energy has filed draft papers with SEBI for an Initial Public Offering (IPO) to raise INR 6,000 crore, potentially becoming India's largest clean energy IPO. The company aims for a market capitalization of around INR 50,000 crore with over 10% equity dilution. Proceeds are set aside for new solar and IPP facilities. INOX Clean Energy operates 157 MW and has 400 MW under construction, with a 2.2 GW pipeline. The firm expects INR 6,500 crore capex, funded by debt and accruals, but requires additional equity for manufacturing units.Read more

14 Jul 2025

The Lucknow Development Authority (LDA) has transferred maintenance of four sectors in Gomtinagar Extension to the Lucknow Municipal Corporation (LMC), providing INR 40 crore for civic amenities. This investment targets drinking water and sewerage upgrades, including extending water pipelines and sewer lines, installing new tubewells, and repairing existing infrastructure. The move, initiated by the LDA vice-chairperson, aims to improve services for residents. The Jal Kal Department will execute the work, which also involves cleaning sewer lines and repairing manholes, signaling efforts to enhance urban infrastructure in Lucknow.Read more

14 Jul 2025

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering INR 771.09 crore for the hill city project near Pune. The bid is part of an ongoing insolvency resolution process for the debt-laden project, which has over INR 6,642 crore in liabilities. The resolution plan is in draft stage, subject to environmental clearances. This marks the third attempt to resolve Lavasa's insolvency after previous bids failed. The Committee of Creditors will negotiate further to maximize the offer, with a 90-day extension invoked for final evaluation due to complexities.Read more

14 Jul 2025

Henderson Land Development plans to raise HKD 8 billion (USD1.02 billion) through convertible bonds for general corporate purposes and refinancing.The Hong Kong property developer?s shares fell by as much as 1136 per share, potentially increasing equity capital by 4.6%. This move comes amid market uncertainty, with Hong Kong home prices down 30% from 2021 and record office vacancy rates, influencing a major landlord in the Central Financial District.Read more

14 Jul 2025

The central government has granted tax-saving status to IREDA Ltd.'s bonds under Section 54EC of the Income Tax Act, effective July 9, 2025. This allows investors to save capital gains tax up to INR 50 lakh on five-year redeemable bonds. The initiative aims to facilitate low-cost fundraising for renewable energy projects that can self-service debt. It strengthens India's renewable energy financing ecosystem, contributing to the nation's 500 GW non-fossil fuel capacity target by 2030.Read more

13 Jul 2025

The National Highways Authority of India (NHAI) plans to bid out 124 highway and expressway projects valued at INR 3.4 lakh crore in FY26. This initiative aims to address a slowdown in awards and build developer confidence. Nearly 78% of these projects will be offered under a Public-Private Partnership model, with the rest government-funded. Notable projects include the Gorakhpur-Kishangan-Siliguri highway and the Patna-Purnea stretch. NHAI has made the full project list public to prepare developers for this revitalization of India's road infrastructure.Read more

13 Jul 2025

Telangana Chief Minister Shri A Revanth Reddy held discussions with Union Commerce and Industry Minister Shri Piyush Goyal, pressing for the immediate release of INR 596.61 crore approved by NICDIT for the Zaheerabad Industrial Smart City project. He also sought central assistance for infrastructure works including power and water supply. Additional requests included support for the Hyderabad-Warangal Corridor, expediting Warangal Airport development, approving the Hyderabad-Bangalore Aero-Defence corridor, and endorsing 100 proposed plug-and-play industrial parks across the state.Read more

13 Jul 2025

NABARD Chairman Shaji KV announced that the IT integration of Regional Rural Banks (RRBs), following the recent amalgamation under the 'One State One RRB' framework, is slated for completion by mid-September. With 28 RRBs now operational across 26 states and 2 Union Territories, efforts are underway to build a common digital infrastructure to better serve rural India. NABARD is digitising agri value chains, enabling blockchain-based crop traceability, and enhancing financial access through business correspondent networks. It is also supporting new tech stacks for agriculture, fisheries, and cooperatives, with 70,000 cooperatives already digitised.Read more

12 Jul 2025

Logan Group, a Shenzhen-based developer, has secured full bondholder approval for a comprehensive debt restructuring. This covers 21 onshore corporate bonds and asset-backed securities issued by its unit. The move comes amidst a prolonged liquidity crisis affecting many Chinese property developers. The restructuring offers bondholders options like asset conversions or cash repurchase. This approval could set a precedent for other struggling developers in China's real estate market as they navigate ongoing challenges.Read more

12 Jul 2025

Singapore has reduced the waiting time for tax incentives for family offices from 12 months to three months. This move aims to attract ultra-rich individuals and strengthen Singapore's position as a global wealth hub. The number of single family offices in Singapore surged to 2,000 in 2024, a 21% increase. Despite growth, the Monetary Authority of Singapore (MAS) has faced scrutiny over anti-money laundering safeguards, leading to fines for financial institutions after a major laundering case. Singapore seeks to balance attracting wealth with maintaining financial integrity.Read more

12 Jul 2025

The Karnataka government plans to establish a special 'Recovery Cell' to address over INR 724 crore in dues from 1,500+ builders defying RERA orders, with INR 710 crore in Bengaluru alone. Led by a special deputy commissioner, the cell will implement RERA orders, treating dues as land revenue arrears and taking coercive actions like attaching properties. This initiative aims to provide relief to homebuyers who have not received property ownership or compensation despite RERA directives. It seeks to strengthen enforcement and ensure justice in the state's real estate sector.Read more

12 Jul 2025

Capgemini is set to acquire WNS for USD 3.3 billion in an all-cash transaction, offering USD 76.50 per share. The deal aims to enhance Capgemini's Digital BPS and Intelligent Operations capabilities. WNS, headquartered in Mumbai, operates 25 delivery centers in India, employing nearly 40,000 people and contributing over 50% of its global revenue. The acquisition, expected to close by year-end, will create a global leader in Digital BPS, integrating AI and technology solutions for enterprise transformation.Read more