2 minutes ago

• MMR recorded 17,148 residential sales priced below INR 50 lakh in the first half of 2026, while Mumbai city saw only 23 apartment sales in the ultra-luxury segment priced above INR 50 crore, according to Knight Frank India's H1 2026 report.
• The findings highlight the region's dual-speed housing market, where affordable homes continue to dominate transaction volumes despite growing interest in premium and luxury residential developments.
• Affordable housing demand remained concentrated in emerging MMR markets such as Thane, Navi Mumbai, Kalyan-Dombivli and Panvel, driven by end-user demand, improved infrastructure and relatively lower property prices.
• The report also indicates that while luxury housing contributes significantly to market value, affordable and mid-income homes continue to underpin overall residential sales, reflecting the sustained demand from first-time buyers and middle-income households.Read more

3 hours ago

India’s global capability centre (GCC) ecosystem continues to expand rapidly, with Tier 2 cities expected to play a bigger role as companies look beyond traditional metro locations. According to the Ministry of Electronics and Information Technology (MeitY), India now hosts more than 2,100 GCCs, generating nearly USD 98.4 billion in revenue and employing 2.36 million professionals. Industry experts said lower operating costs, better employee retention and a growing talent pool are making emerging cities more attractive, although stronger technology ecosystems, infrastructure and policy support will be essential to sustain future growth.Read more

5 hours ago

Housing sales across India's eight major residential markets rose marginally by 0.7% to 171,471 units during January-June 2026, indicating a phase of market stabilisation following four years of post-pandemic growth, according to Knight Frank India. Premium homes priced above INR 1 crore accounted for 54% of total sales, while the combined share of affordable and mid-income housing fell to 46%. Affordable home sales declined 15% year-on-year, reflecting constrained supply in the lower price segments. Fresh residential launches increased 4% to 187,350 units, supported by continued developer activity. Among the eight cities tracked, Delhi-NCR was the only market to register a decline in sales, while demand remained resilient elsewhere despite moderating growth across the broader housing sector.Read more

9 hours ago

The Centre has urged Global Capability Centres (GCCs) to strengthen investments in skilling, capability development and innovation as artificial intelligence (AI) reshapes business models and workplace requirements. Speaking at the CII GCC Summit in New Delhi in the past week, Chief Economic Adviser (CEA) V. Anantha Nageswaran said the government has introduced policy measures to support the sector, including a simplified transfer pricing safe harbour regime and a framework to encourage GCC expansion into tier-II and tier-III cities. He cautioned that AI is likely to replace routine, repetitive and rule-based tasks, making it essential for businesses to move beyond low-cost execution towards higher-value capabilities. He added that India's long-term competitiveness would depend on continuous innovation, skilled talent and stronger government-industry collaboration.Read more

9 hours ago

• WSB Partners has invested INR 75 crore in Sowparnika Projects, reinforcing its strategic partnership with the Bengaluru-based real estate developer.
• The fresh capital will be utilised to support the company's ongoing and upcoming residential projects, strengthen execution capabilities, and fund land acquisitions across key southern Indian markets.
• The investment reflects growing institutional confidence in Sowparnika's affordable and mid-income housing portfolio, as well as the sustained demand for residential real estate in Karnataka, Kerala and Tamil Nadu.
• The funding also highlights the increasing role of alternative investment firms in financing Indian real estate developers, enabling them to expand their project pipeline while reducing reliance on conventional funding sources.Read more

13 hours ago

The Gujarat government has launched the Viksit Gujarat Data Centre Policy 2026-29, aiming to establish the state as India's leading destination for data centres, artificial intelligence and digital infrastructure. Announced in the past week, the policy targets 7.5 GW of data centre capacity and has already attracted interest from 14 hyperscale investors, with the state expecting investments exceeding INR 6 lakh crore in the first phase. Dholera has been identified as the principal development hub, with plans for a large-scale data centre cluster supported by fiscal incentives, infrastructure support and sustainability requirements. The policy mandates that at least 51% of operational electricity must be sourced from renewable energy and requires captive desalination for water supply. Eligible projects will receive capital, interest and power tariff subsidies alongside exemptions on stamp duty, electricity duty and other state levies.Read more

17 hours ago

The Delhi government has introduced stricter procedures for registering General Power of Attorney (GPA) documents to prevent stamp duty evasion in property transactions. Chief Minister Rekha Gupta has directed that every GPA executed in favour of non-blood relatives must be referred to the Collector of Stamps for adjudication before registration. The measure aims to prevent the misuse of GPAs to avoid payment of stamp duty on conveyance deeds and curb irregularities in property registrations. Sub-registrars have also been instructed to scrutinise all GPA documents for provisions relating to monetary consideration, transfer of possession and ownership rights. The government has warned of disciplinary action against officials found registering GPAs involving monetary transactions in violation of the new directions.Read more

18 hours ago

The Municipal Corporation of Delhi (MCD) is set to launch a pilot project using drones and advanced geospatial technologies to improve property tax assessment and identify unassessed or under-assessed properties. The initiative follows memorandums of understanding signed with four agencies under the civic body's Pilot Drone-based Geospatial Survey and Digital Twin Initiative. The agencies will independently conduct surveys using drone imagery, LiDAR, GIS-based asset mapping, digital twin technology, 3D city modelling and advanced data analytics, with no financial expenditure by the MCD on the pilot. The exercise is intended to strengthen property records, reduce revenue leakages and support urban planning. Based on the outcome, the civic body may consider extending the technology-driven survey across Delhi.Read more

12 Jul 2026

Laser Power & Infra has raised around INR 223 crore from anchor investors ahead of the opening of its INR 742 crore initial public offering (IPO). The anchor round attracted participation from leading domestic mutual funds, insurance companies and global investors. The IPO includes a fresh issue of INR 542 crore and an offer for sale worth INR 200 crore by promoters. The company plans to use most of the fresh issue proceeds to reduce debt. With manufacturing facilities in West Bengal and a strong order book, the company operates across power cable manufacturing and EPC services.Read more

12 Jul 2026

Global Capability Centres (GCCs) are increasingly positioning cybersecurity as a strategic business function as enterprises expand their digital operations through cloud computing, artificial intelligence (AI), connected technologies and hybrid work models. Rising cyber threats, stricter regulatory requirements and the growing sophistication of AI-enabled attacks are prompting organisations to strengthen cyber resilience across global operations. Indian GCCs are playing a larger role by managing Security Operations Centres (SOCs), cloud security, threat intelligence, identity and access management, and incident response for multinational companies. Alongside technology adoption, organisations are also investing in cybersecurity talent and AI-driven security capabilities to protect enterprise systems, support regulatory compliance and embed security into long-term digital transformation strategies.Read more