Advertisement
12 Jul 2025
The Meghalaya government has sought financial backing of INR 2,270 crore from the Union Ministry of Power to fund critical power transmission projects, as confirmed by state Power Minister Abu Taher Mondal during the 16th National Power Committee meeting. The proposed plan, already approved by the Central Electricity Authority (CEA), aims to increase transmission capacity by 760 MVA and extend the network by 190 circuit kilometres. Mondal emphasised the strategic need for new infrastructure, particularly in areas near the Bangladesh border, while also highlighting funding hurdles and cyber threat concerns.Read more
12 Jul 2025
Union Minister Shri Jyotiraditya Scindia announced that the Centre has invested INR 5 lakh crore in the North East over 11 years, aiming to make it a key player in India's economic transformation. Covering all eight northeastern states, the funds support infrastructure, welfare, and industry. Scindia highlighted that the region's annual growth rate of 11-13% outpaces the national average of 6-7%. At the 'Rising North East' summit, private sector proposals worth INR 4 lakh crore were received, indicating strong investor confidence. Scindia emphasized the region's potential to shape both national and global development, as the government works to foster inclusive, sustainable growth across India's historically underserved states.Read more
12 Jul 2025
India's cement demand is projected to grow by 7-8% in FY26, driven by real estate activity and government housing and infrastructure initiatives. According to an Axis Securities report, this follows a recovery in demand during the latter half of FY25. Despite a subdued start to FY25, strong momentum is expected to continue into Q1 FY26. Cement output in April-May 2025 increased by 8%. While pricing may remain competitive, sustained volume growth is anticipated, backed by increased government capital expenditure and a revival in construction.Read more
11 Jul 2025
Bain Capital has reduced its holding in Embassy Office Parks REIT by offloading a 1.87% stake for INR 691 crore through an open market transaction. The US-based firm's affiliate, APAC Company XXIII, sold over 1.78 crore units at an average price of INR 388 each. This move follows Embassy REIT's recent fundraise of INR 1,550 crore via debentures and bank loans aimed at refinancing debt. The REIT currently operates a 51.1 million sq ft portfolio of commercial office spaces across major Indian cities.Read more
11 Jul 2025
CBRE's latest survey, conducted in collaboration with the USGBC North Asia Office, highlights the evolving role of Chief Sustainability Officers (CSOs) in Asia Pacific's real estate sector. Nearly 90% of landlords and investors now maintain dedicated sustainability functions. CSOs are being tasked with delivering measurable returns while aligning green initiatives with financial goals. Over 60% face increased tenant demands for sustainability, and decarbonisation has become vital to retain occupancy. Despite this, most asset owners are in the early stages of climate risk assessment, and resource expansion remains conservative amidst economic uncertainty.Read more
11 Jul 2025
Amazon India has announced the launch of more than 30 new delivery stations across Tier II and Tier III cities such as Nagpur, Panchkula, Howrah, Indore, Mohali, and Hubli. This move is part of its broader expansion to strengthen last-mile logistics, adding to its network of 2,000 existing centres nationwide. The company has also confirmed an investment of over INR 2,000 crore to scale up its pan-India operations. According to Amazon, the new stations will significantly enhance same-day and next-day delivery capabilities, not only in the identified cities but also in nearby regions.Read more
11 Jul 2025
Saudi Arabia will open its real estate market to foreign buyers starting January 2026, a move approved by the Saudi Cabinet. Non-Saudis can purchase property in designated zones like Riyadh and Jeddah, though Mecca and Medina will have extra regulations. This decision is part of Vision 2030, aiming to attract foreign investment and diversify the economy. The Real Estate General Authority will release detailed regulations within 180 days, covering eligibility and enforcement. The policy seeks to increase real estate supply and stimulate foreign direct investment.Read more
11 Jul 2025
Namibia has joined the Coalition for Disaster Resilient Infrastructure (CDRI) and the Global Biofuels Alliance (GBA). The announcement was made on Wednesday, July 9, during Prime Minister Shri Narendra Modi's visit to Namibia. CDRI, established in 2019 by India, promotes resilient infrastructure against climate risks. GBA, launched by PM Modi in September 2023, aims to advance biofuels globally. These memberships enhance cooperation in capacity building and reflect efforts to strengthen multilateralism for the Global South, boosting bilateral ties.Read more
10 Jul 2025
Education loan growth for Indian NBFCs is projected to halve to 25% in FY26 due to policy uncertainty in the US, according to Crisil Ratings. The loan portfolio stood at INR 64,000 crore in March 2025, with stable asset quality and 0.1% gross NPAs. A 27% YoY drop in US student visas-linked to tighter rules and funding cuts-has reduced loan originations. The US share in education loans has fallen from 53% to 50%, with further declines expected. NBFCs are shifting focus to the UK, Germany, Ireland, and domestic education segments. Crisil warns of asset quality risks as moratoriums end and newer lending areas expand.Read more
10 Jul 2025
Manipal Hospitals is set to acquire Pune-based Sahyadri Hospitals from Ontario Teachers' Pension Plan Board, in a deal estimated at INR 6,200-6,400 crore. This acquisition adds 11 hospitals and 1,400 beds across Maharashtra, raising Manipal's total hospital count to 49 and its bed capacity to around 12,000-making it one of India's largest hospital networks. Backed by Temasek, Manipal aims to expand its footprint and healthcare services nationwide. Ontario Teachers' had acquired a majority stake in Sahyadri in 2022, investing INR 900 crore to scale the brand.Read more
Advertisement
10 Jul 2025
Smartworks Coworking Spaces has garnered INR 173.64 crore from anchor investors prior to launching its IPO, with shares allotted at INR 407 each. Of the total 42.66 lakh shares allocated, over 32% were subscribed by domestic mutual funds including Tata Mutual Fund, Baroda BNP Paribas, and Trust Mutual Fund. The IPO, sized at INR 583 crore at the upper price band, aims to raise INR 445 crore through fresh issue, with INR 226 crore earmarked for fit-out-related capital expenditure and INR 114 crore for loan repayments. Despite recent net losses, the company reported significant revenue growth in FY 2024-25.Read more
10 Jul 2025
Commercial real estate is undergoing a paradigm shift where wellness amenities, once considered optional, have become integral to workplace design. With increased demand for healthier, more humane office environments, developers now incorporate features such as biophilic design, mental health zones, ergonomic infrastructure, and fitness spaces. This shift is influenced by pandemic-driven awareness, ESG mandates, and generational preferences. The wellness real estate industry, valued at USD 275 billion in 2020, is anticipated to grow to USD 580 billion by 2025, reflecting its rising influence in shaping employee experience and property value.Read more
10 Jul 2025
Fish vendors from Chhatrapati Shivaji Maharaj Market in Fort, Mumbai who were displaced four years ago due to an unsafe building, are set to be rehabilitated next month at the redeveloped Mahatma Jyotiba Phule market (Crawford Market). The new facility, with two basements and three upper floors, will offer dedicated sections for wholesale and retail fish, parking for 84 vehicles, and modern amenities like cold storage and effluent treatment plants. This move follows BMC's 2021 evacuation order and responds to demands for rehabilitation in the same vicinity, confirming plans for the previously earmarked site amidst its recent leasing.Read more
10 Jul 2025
Prestige Estates Projects Ltd. reported a four-fold jump in sales bookings, reaching a record INR 12,126.4 crore in Q1 FY26, compared to INR 3,029.5 crore a year ago. The company sold 4,718 units, covering 9.55 million sq ft, a 234% annual increase. This record performance was largely driven by its new project in Ghaziabad, The Prestige City, Indirapuram, which sold about 80% of its inventory at launch. The Bengaluru-based firm aims to maintain this momentum, building on its pipeline of 130 projects spanning 203 million sq ft.Read more
10 Jul 2025
The Greater Mohali Area Development Authority (GMADA) has invited Expressions of Interest for its 5,500-acre Aerotropolis City project in Mohali, Punjab. Located near Shaheed Bhagat Singh International Airport, the project aims to provide residential, commercial, and institutional spaces with modern infrastructure. The first phase covers 1,650 acres, with development works like roads and utility pipelines tendered for completion by April 2026. The initiative seeks to create a modern integrated township, complementing existing city developments, and is expected to become a sought-after address for living and business.Read more
10 Jul 2025
The Nashik Municipal Corporation (NMC) collected INR 100 crore in property tax during the first quarter of FY26 (April-June), a slight decrease from INR 106 crore in the same period last year. This collection was aided by rebates ranging from 3% to 8% for prompt payments, ending July 31. Despite changes in strategy, including not sending messages and appointing private agencies for bill distribution this year, NMC reached the collection mark. The corporation aims for a higher annual target of INR 275 crore in FY26, following INR 256 crore collection in FY25.Read more
10 Jul 2025
Lodha Developers Ltd. has raised INR 300 crore by issuing non-convertible debentures on a private placement basis for business growth. Approved by the Board's executive committee on Tuesday, the debentures carry a 7.96% interest rate and will be redeemed at par after three years. The Mumbai-based firm, a leading real estate company, plans to list these debentures on the BSE's Wholesale Debt Market. This move aligns with its strategy to fund development across housing, commercial, and warehousing projects in key markets like MMR, Pune, and Bengaluru.Read more
10 Jul 2025
TVS Industrial & Logistics Parks has listed its Infrastructure Investment Trust, TVS Infrastructure Trust, on the National Stock Exchange, raising over INR 1,300 crore through a mix of fresh issue and offer-for-sale. The InvIT has been anchored by prominent global and domestic investors, including the International Finance Corporation (IFC) and L&T. It comprises a seeded portfolio of 11 million sq ft of warehousing and industrial assets valued at around INR 3,000 crore. This marks IFC's first equity investment in an Indian warehousing InvIT.Read more
09 Jul 2025
Seven Indian states collectively raised INR 13,300 crore through the latest auction of State Government Securities (SGS). All participating states accepted their full notified amounts, indicating strong investor demand. Madhya Pradesh led fundraising with INR 4,800 crore and offered the highest yields (7.14-7.15%). Maharashtra raised INR 4,000 crore, while Bihar secured INR 2,000 crore at the lowest yield (6.88%). This auction, conducted by the RBI, helps states fund infrastructure and development projects, aligning with their capital expenditure and fiscal needs.Read more
09 Jul 2025
A case has been registered against the former promoter of Cox & Kings and eight others for allegedly defrauding SBI Cards and Payment Services of INR 105 crore. The complaint, filed in Mumbai, alleges a conspiracy to create forged balance sheets between 2012 and 2019 to obtain corporate credit card facilities, leading to a loss for SBI Cards. The Cox & Kings brand was acquired by Singapore-based Wilson & Hughes in May 2024 through an NCLT process for approximately INR 12 crore, and the new owners state they are distinct from the former management and its past liabilities, focusing on a new beginning for the brand.Read more
Advertisement
