10 minutes ago

Brookfield India Real Estate Trust reported an 8% year-on-year increase in net operating income (NOI) to INR 756.6 crore for the quarter ended June 30, 2026, supported by higher operating lease rentals and steady leasing activity. The REIT recorded consolidated total income of INR 1,030.63 crore, while net profit after tax rose 67% to INR 221.33 crore. Committed occupancy improved to 93%, and gross leasing stood at 1.1 million sq ft during the quarter. Brookfield India REIT also approved a INR 1,700 crore acquisition of a 50% stake in a Grade A office asset at Mumbai’s Bandra-Kurla Complex.Read more

1 hour ago

India needs to significantly increase its infrastructure and manufacturing investments to sustain long-term economic growth and move towards its larger economic ambitions, according to Rajkiran Rai G, Managing Director of NaBFID. The country currently invests around INR 20 lakh crore in infrastructure each year, while the requirement could rise to about INR 40 lakh crore annually over the next two decades. Rai said higher manufacturing capital expenditure is also necessary as India works to strengthen its manufacturing base. He also pointed to the growing pool of long-term domestic savings as a potential source of funding for infrastructure and other long-duration assets.Read more

16 Aug 2026

SafeStorage has completed 11 years of operations with annual recurring revenue (ARR) of approximately INR 50 crore, as the technology-enabled self-storage and warehousing company expands across India and international markets. Founded in Bengaluru in 2015, the company has grown from a single warehouse to a managed storage network spanning more than 6 lakh sq. ft. across 16 Indian cities, with operations also in the UAE and the UK. SafeStorage plans to add around 50,000 sq. ft. of storage capacity across Delhi, Mumbai, Pune, Coimbatore and Dubai. The expansion comes as households and businesses increasingly seek professionally managed storage solutions driven by relocation, space constraints and changing operational requirements.Read more

16 Aug 2026

A recent Mumbai ITAT ruling has clarified the tax treatment of jointly owned residential property when spouses contribute different amounts towards its purchase. The tribunal held that the Section 54 exemption cannot be denied merely because a replacement property is jointly purchased. In the case before it, the wife contributed INR 1.76 crore and her husband INR 55 lakh towards a INR 2.31-crore property. The ruling indicates that LTCG relief can be considered with reference to each taxpayer’s actual financial contribution and beneficial ownership, rather than automatically assuming an equal 50:50 share.Read more

16 Aug 2026

The Ahmedabad-GIFT City corridor could attract 40-50 new Global Capability Centres (GCCs) over the coming years, generating demand for 4-6 million sq. ft. of Grade A office space and more than 50,000 high-skilled jobs, according to a joint report by Dev Accelerator Limited (DevX) and Anarock. The report identifies Ahmedabad's lower occupancy costs, talent availability, workforce stability and GIFT City's International Financial Services Centre as key factors supporting the corridor's growth. Ahmedabad currently has nearly 26 million sq. ft. of Grade A office stock, while GIFT City contributes another 4.1 million sq. ft. The region has a technology talent pool of around 90,000-95,000 professionals and attrition levels of 7-12%. Infrastructure projects and the Gujarat GCC Policy 2025-30 are expected to further support enterprise expansion.Read more

16 Aug 2026

Investment in Asia Pacific’s student housing sector tripled between 2022 and 2025 as international institutional investors increased their exposure to the asset class, according to JLL. Cross-border investors accounted for around two-thirds of student housing transaction volumes in 2025, with Australia attracting most of the international capital. Private equity remained the dominant investor over the past two years, although listed REITs became the most active buyers in the first half of 2026. JLL attributed the sector’s growing investment appeal to rising international student mobility, expanding higher education infrastructure and persistent accommodation shortages. The number of internationally mobile students is projected to reach 9 million by 2030, while Asia Pacific’s growing share of global student flows is supporting demand for purpose-built student accommodation.Read more

16 Aug 2026

The Himachal Pradesh Building & Other Construction Workers Welfare Board will disburse INR 20.61 crore in financial assistance to 4,967 eligible beneficiaries under 14 welfare schemes on August 15. The assistance covers marriage, education, death and funeral expenses, housing, maternity and paternity support and other categories. The Board currently has 4,84,860 registered workers and has carried out 98,000 e-KYC verifications to identify ineligible beneficiaries. The Board also plans to increase welfare disbursement to INR 300 crore in the coming year, while district-level allocations show Hamirpur, Kangra, Una and Mandi among the largest beneficiary districts.Read more

16 Aug 2026

Swiss private banking firm Julius Baer's India arm, Julius Baer Global Enterprise Services (India), has leased 74,037 square feet of chargeable office space at Waterstones Business Park in Andheri East, Mumbai, for its global capability centre and commercial back-office operations. The space, located on the seventh floor of the building, has been taken on a 60-month lease from Striton Properties, commencing 1 May 2026, at a monthly rent of INR 1.55 crore, taking the total rental outgo over the lease period to INR 102.6 crore. The deal comes as global capability centres continue to drive a growing share of India's Grade-A office space demand, according to Colliers India.Read more

15 Aug 2026

The approval of Delhi’s Master Plan 2047 could create new opportunities for housing, commercial development and redevelopment by enabling more efficient land utilisation across the capital, according to Ankur Jalan, CEO of Golden Growth Fund. He said measures including FAR rationalisation, land pooling, redevelopment and transit-oriented development could bring additional land into productive use while supporting more compact and connected urban centres. The plan’s potential expansion of housing supply within Delhi could also help ease development pressure on surrounding NCR markets. However, Jalan noted that effective implementation, timely approvals and adequate mobility, utility and civic infrastructure would be critical to translating the policy framework into actual development activity.Read more

15 Aug 2026

Bluehill.VC has announced the final close of its maiden frontier-tech venture capital fund at INR 400 crore, including a INR 50 crore greenshoe option, backed by institutional investors such as SIDBI and the governments of Kerala and Uttar Pradesh, along with family offices, entrepreneurs and UHNIs from India and the Middle East. The fund will invest in IP-led startups from Seed to Series A across sectors including semiconductors, defence, space, energy, advanced materials, robotics and manufacturing. Bluehill.VC plans to build a concentrated portfolio of 15-16 companies, with an average first institutional cheque of USD 1-2 million. The firm has already invested more than INR 100 crore across seven companies and plans to deploy another INR 80 crore over the next six months.Read more