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11 Jul 2026
ITC Hotels Ltd has signed a management agreement to develop Welcomhotel Mysuru, a 99-key hotel in Karnataka, expanding its footprint in South India's hospitality market. Announced in the past week, the project will be developed in partnership with M/s Sumeru Hospitality and is aimed at serving both business and leisure travellers visiting Mysuru. The hotel will feature guestrooms and suites, dining facilities, approximately 5,500 sq ft of banqueting space, a swimming pool and a fitness centre. ITC Hotels said the signing aligns with its strategy of strengthening the Welcomhotel brand across key business and tourism destinations. The company cited Mysuru's established tourism appeal, growing economic activity and connectivity with Bengaluru as key factors supporting the development of premium hospitality infrastructure in the city.Read more
11 Jul 2026
India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.Read more
11 Jul 2026
ITC Hotels Limited has signed a management agreement for Welcomhotel by ITC Hotels Salasar, a 145-key property planned on a six-acre site in Rajasthan's pilgrimage town of Salasar. The hotel will cater to religious travellers, destination weddings, social events and leisure visitors while reflecting the region's architectural heritage. The proposed development will feature guest rooms, banquet facilities, dining outlets and wellness amenities. The agreement expands ITC Hotels' presence in Rajasthan and supports its strategy of growing its branded hospitality portfolio in destinations with increasing tourism and pilgrimage demand.Read more
11 Jul 2026
Swiss hospital real estate company Infracore made its debut on the Swiss stock exchange, but its shares slipped below the initial public offering (IPO) price during early trading. The company opened at its offer price before declining by around 1.5%, reducing its market valuation. The IPO comprised both newly issued shares and shares sold by an existing shareholder. Infracore plans to use the fresh capital to expand its healthcare real estate portfolio and repay shareholder loans, while its key shareholders will continue to hold significant stakes in the company.Read more
11 Jul 2026
Banke Capital has secured the exclusive master agency mandate for Samana Business Hub, a Grade A commercial development on Sheikh Zayed Road in Dubai, strengthening its international real estate advisory portfolio. Under the agreement, the company will oversee global sales, investor outreach and market positioning for the project, with India identified as a key target market. Scheduled for completion in the second quarter of 2029, the development comprises premium office and retail spaces supported by flexible payment plans. The mandate reflects Banke Capital's continued expansion in cross-border real estate distribution as it broadens its presence among Indian investors seeking overseas commercial property opportunities.Read more
10 Jul 2026
An Air India flight bound for Delhi aborted its take-off at Mumbai airport after air traffic control instructed the crew to stop when an Air India Express aircraft had not yet vacated the same runway following its arrival from Siliguri. The incident occurred at around 10 pm in the past week and involved a Boeing 777-300ER operated by Air India and a Boeing 737 MAX 8 operated by Air India Express. The airline said the crew followed air traffic control instructions and returned the aircraft to the bay for mandatory checks in line with standard operating procedures. Alternative arrangements were initiated for passengers, while further details, including the number of people on board both aircraft, were not immediately available.Read more
10 Jul 2026
The Nuvama and Cushman & Wakefield (NCW) PRIME Offices Fund has achieved its final close at INR 4,000 crore, marking one of India's largest domestic office-focused real estate funds. Backed by institutional and high-net-worth investors, the fund will invest in Grade A commercial office assets across key Indian cities, targeting value creation through acquisitions, development and asset management. The successful fundraise reflects sustained investor confidence in India's office real estate sector, driven by robust leasing demand, the expansion of Global Capability Centres (GCCs) and long-term growth prospects for premium commercial assets.Read more
10 Jul 2026
Norway's sovereign wealth fund has entered into a strategic partnership with US-based retail real estate investment firm Asana Partners, marking another major investment in the country's commercial property market. Under the agreement, the fund has acquired a 49% stake and committed USD 500 million in equity. The partnership will focus on investing in open-air shopping centres and street retail assets across the United States. The transaction reflects NBIM's continued strategy of expanding its global real estate portfolio through long-term partnerships with experienced local operators.Read more
10 Jul 2026
Amazon Seller Services has leased more than 4.17 lakh sq ft of warehousing space in Bhiwandi, near Mumbai, under a long-term agreement valued at around INR 162 crore. The transaction underscores sustained demand for Grade A logistics assets in the Mumbai Metropolitan Region, driven by e-commerce expansion and supply chain optimisation. Industry experts say the deal highlights Bhiwandi's strategic importance as a warehousing hub, supported by strong connectivity, modern infrastructure, and its proximity to Mumbai's key consumption centres.Read more
10 Jul 2026
Real estate investment platform Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has achieved the final close of its PRIME Offices Fund at approximately INR 4,000 crore, exceeding its initial target of INR 3,000 crore following strong investor demand. The fund, launched to provide Indian investors with access to institutional-grade commercial office assets, has already committed around 45% of its capital across office properties in major cities. According to NCW, the fund has built a portfolio of nearly 4 million sq ft of premium office space since its launch. The company attributed investor interest to continued demand for high-quality office assets, supported by the expansion of Global Capability Centres (GCCs) and sustained growth in India's commercial real estate market.Read more
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10 Jul 2026
Punjab & Sind Bank has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City in Gandhinagar, strengthening its international banking presence. The upcoming unit will offer offshore banking services, including foreign currency banking and trade finance, to corporates, financial institutions, importers and global investors. The move aligns with the government's efforts to position GIFT IFSC as a global financial hub while enabling the bank to expand its international business and cross-border banking operations.Read more
10 Jul 2026
The Central Bureau of Investigation (CBI) has filed its first chargesheet in the alleged Reliance Commercial Finance Limited (RCFL) bank fraud case, accusing five former senior executives of criminal conspiracy and cheating in connection with the diversion of borrowed funds. The chargesheet, submitted before a special court in Mumbai in the past week, also names Reliance Infrastructure Ltd and Reliance Home Finance Limited (RHFL) as accused entities. According to the CBI, the alleged diversion of funds caused a wrongful loss of INR 4,097 crore to a consortium of 13 public sector banks. The agency stated that the investigation remains ongoing into the roles of additional directors, entities and public servants, with supplementary chargesheets expected as the probe into the wider financial transactions continues.Read more
10 Jul 2026
• The Chandigarh Estate Office more than doubled its revenue recovery in FY 2025-26, collecting INR 335.05 crore, compared to INR 164.5 crore in the previous financial year.
• The increase was driven by stricter recovery of pending dues, improved enforcement and faster disposal of property-related cases.
• Collections also received a boost from property auctions, conversion charges and other estate-related receipts as the administration intensified efforts to improve revenue generation.
• Officials plan to continue the recovery drive and expand the use of digital systems to improve efficiency in property administration and revenue collection.Read more
10 Jul 2026
GMR Airports Ltd has announced a phased modernisation and expansion plan for Dr Babasaheb Ambedkar International Airport in Nagpur, beginning with an initial investment of INR 300 crore. The project aims to improve passenger facilities, expand airport infrastructure and increase annual passenger handling capacity from 3 million to 30 million during the concession period. The roadmap also includes the development of a cargo hub, Aerocity project, a new passenger terminal, second runway and other long-term infrastructure to strengthen Nagpur's position as a key aviation and logistics centre in central India.Read more
10 Jul 2026
Delhi-NCR recorded its highest-ever quarterly flex office leasing in Q2 2026, with flexible workspace operators accounting for 45% of the 3.6 million sq ft of gross office leasing, according to CBRE. The surge was driven by rising demand from global capability centres (GCCs), technology firms and enterprise occupiers seeking scalable workspaces. Strong absorption, a growing supply pipeline and increasing preference for managed offices reinforced Delhi-NCR's position as India's leading flex office market during the quarter, signalling sustained momentum in commercial real estate.Read more
10 Jul 2026
• Heavy monsoon rains and strong winds disrupted operations at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA), leading to the cancellation of 17 flights and delays affecting more than 200 services.
• The India Meteorological Department (IMD) issued a Red Alert for Mumbai and surrounding districts, warning of extremely heavy rainfall, strong winds and the possibility of flooding and transport disruptions.
• Airlines, including IndiGo, Air India, Akasa Air and SpiceJet, issued travel advisories urging passengers to check flight schedules before heading to the airport, while authorities monitored operations closely.
• Despite the disruptions, airport authorities continued operations with precautionary measures, while emergency agencies remained on high alert as forecasts indicated continued heavy rainfall across the Mumbai Metropolitan Region.Read more
10 Jul 2026
Swiss healthcare real estate company Infracore has announced a market capitalisation of CHF 826 million (around USD 1 billion) ahead of its stock market debut in Zurich. The valuation is based on a fixed offer price of CHF 54 per share, with about 27.5% of the company's shares available for public trading. The listing marks a key milestone for Infracore as it enters the public market, while maintaining a majority of its shares with existing shareholders. The company operates in Switzerland's healthcare real estate sector.Read more
10 Jul 2026
Frasers Property has announced plans to divest five assets in Australia through a proposed transaction valued at AUD 288.6 million (SGD 258.4 million). The move forms part of the company's ongoing portfolio management strategy as it continues to optimise its asset base and recycle capital. Frasers Property has regularly undertaken similar transactions across its global markets to strengthen its balance sheet and support future investments. The company has not disclosed additional details on the assets involved or the prospective buyer in its initial announcement.Read more
09 Jul 2026
Mainland China and Hong Kong equity markets closed lower after property stocks led broad-based declines, reflecting continued concerns over the country's real estate sector and slowing economic growth. Investors remained cautious ahead of key domestic economic indicators expected over the coming days and awaited the release of minutes from the U.S. Federal Reserve's latest policy meeting for signals on future interest rates. Fresh projections from the World Bank indicating slower economic growth over the next two years also added to market pressure, while authorities continued efforts to strengthen Hong Kong's role as an offshore yuan trading hub.Read more
09 Jul 2026
The Centre is preparing a Model Own Source Revenue (OSR) Rules Framework to help states strengthen the financial independence of Panchayati Raj Institutions (PRIs) and improve local revenue mobilisation. The proposal was announced during a national workshop on implementing the Sixteenth Finance Commission's recommendations, which allocate INR 4.35 lakh crore to Rural Local Bodies between 2026-27 and 2030-31. Alongside enhanced fiscal devolution, the government has urged states to improve preparedness for performance-based grants, adopt digital governance platforms and build financially resilient panchayats capable of delivering more effective grassroots governance.Read more
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