24 Jun 2026

Coworking operator Innov8 has acquired Vatika Business Centres, adding 11 managed workspace facilities across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida and Pune to its portfolio. While the financial details of the transaction were not disclosed, the acquisition expands Innov8’s footprint in key commercial markets amid growing demand for flexible and managed office solutions. The deal brings Vatika Business Centres’ enterprise-focused workspace network under Innov8’s direct management. Both companies indicated that the integration would support business expansion, strengthen service offerings and enhance technology-led workspace solutions for occupiers seeking premium flexible office space across major Indian cities.Read more

24 Jun 2026

Real estate technology and services platform Square Yards has raised INR 900 crore through a combination of debt and equity to support business expansion, strengthen its balance sheet, and refinance existing debt. The funding round was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co. Sources indicated that the latest fundraise values the company at over USD 1 billion, helping it enter the unicorn club. The capital infusion comes as Square Yards prepares for a future IPO and builds on a year of strong revenue growth and improved profitability.Read more

24 Jun 2026

National Capital Region Transport Corporation Ltd (NCRTC) has floated a tender for construction of a skywalk with travelators at the Anand Vihar multimodal hub, connecting Anand Vihar Railway Station to ISBT Kaushambi. The project includes integrated access to the Delhi-Meerut Namo Bharat corridor, DMRC Line 3 and Line 4, and a foot-over-bridge linking the Namo Bharat and DMRC stations at Anand Vihar. The contract, bearing bid security of INR 71,11,854, carries a 15-month completion period. Bids must be submitted online by 13 July 2026, with technical bids opening the following day.Read more

24 Jun 2026

India’s office Real Estate Investment Trust (REIT) penetration is projected to rise significantly, potentially reaching 30% by 2030, according to recent industry reports. The growth is expected to be driven by increasing institutional participation, expansion of Grade-A office assets, and rising investor confidence in structured real estate investment vehicles. Broader REIT and InvIT markets in India are also likely to attract substantial inflows, estimated at around INR 11.6 lakh crore by 2030. The trend reflects the deepening maturity of India’s commercial real estate investment ecosystem. The growth in REIT penetration is also being supported by strong performance and steady rental income from listed office REITs, which have improved investor confidence in the segment. India’s expanding base of global capability centres (GCCs) and continued demand for Grade-A office space in major cities are expected to further strengthen occupancy levels and support REIT expansion.Read more

23 Jun 2026

The Nashik Municipal Corporation Commissioner has presented a budget estimate of INR 3,099.85 crore for the financial year 2026-27, prepared under Section 95 of the Maharashtra Municipal Corporation Act. The budget, which follows a revised estimate of INR 3,629.48 crore for 2025-26 under the Commissioner's office, allocates INR 736.96 crore towards capital expenditure, with the largest share nearly half earmarked for construction, electrical, garden, and other capital works. The remaining capital outlay covers town planning, government scheme contributions, corporator development funds, and water supply and sewerage projects.Read more

23 Jun 2026

The Punjab government has launched a large-scale enforcement drive to recover outstanding Value Added Tax (VAT) and Goods and Services Tax (GST) dues by auctioning properties belonging to chronic tax defaulters. The Department of Excise and Taxation has already completed major auctions in Mohali and Jalandhar, generating recoveries from firms that failed to settle liabilities despite repeated notices and opportunities under the state’s One Time Settlement (OTS) Scheme. Finance Minister Harpal Singh Cheema said nearly 20 additional property auctions have been scheduled across Punjab in the coming weeks. The government has simultaneously extended the OTS Scheme until July 31, 2026, providing taxpayers another opportunity to clear legacy dues. The initiative forms part of a broader revenue recovery programme aimed at strengthening tax compliance and securing pending government revenues.Read more

23 Jun 2026

GeeCee Ventures Ltd has made an investment of INR 9.9 million in GMR Power and Urban Infra, according to a company disclosure. The investment reflects the company's continued deployment of capital into listed businesses as part of its broader investment strategy. GeeCee Ventures, which has interests across real estate, financial investments and related sectors, regularly manages a portfolio of equity investments alongside its core operations. The latest investment in GMR Power and Urban Infra adds to its investment holdings and comes at a time when infrastructure and urban development-linked companies continue to attract investor attention.Read more

23 Jun 2026

• HUDCO has signed a Memorandum of Understanding with the Gujarat government to explore infrastructure financing opportunities worth up to INR 1 lakh crore over the coming years.
• The partnership will support projects across urban development, housing, water supply, transport networks and other public infrastructure sectors.
• The agreement aims to strengthen access to long-term funding for large-scale development initiatives across the state.
• The collaboration reflects Gujarat's continued focus on infrastructure-led growth while expanding the role of institutional finance in project execution.Read more

23 Jun 2026

• RBI infused INR 72,300 crore into the banking system through two Variable Rate Repo (VRR) auctions to ensure adequate liquidity and support smooth functioning of money markets.
• The liquidity support comes amid evolving funding requirements within the banking sector, helping lenders access short-term funds without any change in the central bank's policy stance.
• The move highlights RBI's continued reliance on targeted market operations to manage liquidity conditions while maintaining stability in interest rates and financial markets.Read more

22 Jun 2026

The Centre is preparing a scheme to provide financial assistance to contractors that create temporary accommodation for construction workers at project sites, Union Housing and Urban Affairs Minister Manohar Lal Khattar announced on June 18. The proposed support will be funded through labour cess collected by state governments and is aimed at improving worker welfare across the construction sector. The minister also indicated that the government is considering making durability certificates mandatory for buildings to enhance quality standards and accountability. Speaking at the Bharat Buildcon exhibition in New Delhi, Khattar urged developers to accelerate project execution using modern construction technologies, focus on sustainability and quality, and cater to housing demand across all income categories. He also highlighted the government's infrastructure investments and urban development initiatives.Read more