06 Jun 2026

Migsun Group has announced plans to invest approximately INR 250 crore in a new residential development in Rohini, New Delhi. The project will comprise nearly 500 premium serviced apartments and is aimed at catering to rising demand for professionally managed residences that combine residential comfort with hospitality-led services. The announcement reflects increasing developer interest in the premium serviced living segment amid evolving housing preferences in urban markets. Migsun Group, which has a portfolio spanning 20 million sq ft across completed and ongoing developments, said the project will focus on delivering managed residential accommodation in the national capital's residential market.Read more

06 Jun 2026

Industry stakeholders have welcomed the Reserve Bank of India's decision to keep policy rates unchanged and maintain its neutral monetary policy stance, saying the move provides stability at a time of heightened geopolitical tensions, volatile commodity markets and global economic uncertainty. Real estate investors and developers believe a predictable interest rate environment will support buyer confidence, capital deployment and project execution. Market participants also expect growing investor interest in alternative investment vehicles such as real estate-focused AIFs as traditional asset classes remain exposed to global market fluctuations. The sector continues to face challenges from rising construction costs and cautious sentiment, but industry leaders maintain that stable monetary conditions will help sustain long-term growth and investment activity.Read more

06 Jun 2026

Dubai-based real estate developer and investor Sweid & Sweid has signed The Executive Centre (TEC) to operate more than 53,000 sq ft of premium flexible workspace at Sweid One, its Grade A commercial development in Jumeirah Lakes Towers (JLT) within the DMCC free zone. The agreement marks TEC’s entry into DMCC and expands its presence across key commercial hubs in the UAE. TEC will occupy two full floors at the development, offering serviced offices, meeting facilities, collaborative workspaces and event areas. Sweid One spans approximately 1 million sq ft of built-up area, including around 500,000 sq ft of Grade A office space. The partnership reflects growing demand from businesses seeking flexible, high-quality work environments within established commercial districts.Read more

06 Jun 2026

• PDS has been certified as a Great Place to Work across 10 countries, including India, Hong Kong, Germany, China, Bangladesh, Vietnam, the UK, Turkiye, Sri Lanka and Pakistan.
• The certification was based on direct employee feedback, with nearly 90% participation across surveyed locations.
• The company said the recognition reflects its focus on fostering trust, inclusion, collaboration and employee empowerment.
• PDS continues to invest in leadership development, employee engagement, wellbeing initiatives and recognition programmes across its global operations.
• The certification is awarded through a research-based assessment of workplace culture, employee trust, pride and camaraderie.Read more

06 Jun 2026

Lucknow district administration has significantly revised circle rates across several villages located along emerging expressway and infrastructure corridors, with some areas witnessing increases of up to 100%. The revisions cover villages situated near the Purvanchal Expressway, Kisan Path, IT City expansion zone and other rapidly urbanising pockets. Officials said the move reflects changing land values driven by infrastructure investments, industrial development proposals and rising real estate activity. The revised rates are expected to influence land transactions, stamp duty collections and future development planning across the district.Read more

05 Jun 2026

Prism, the parent company of travel technology firm Oyo, has received approval from the Securities and Exchange Board of India (Sebi) to launch its proposed initial public offering (IPO) worth INR 6,650 crore. The company had submitted its draft papers through the confidential filing route late last year and is now preparing to move to the next stage of the listing process. The IPO is expected to value the company between USD 7 billion and USD 8 billion. Prism is also assessing market conditions before finalising its public filing and broader listing timeline.Read more

05 Jun 2026

Haryana has emerged as the top-performing state in the country in terms of growth in state GST collections for May, registering a 22 per cent year-on-year increase, significantly higher than the national average of 6 per cent. The state reported net SGST collections of INR 4,456 crore, marking an increase of INR 807 crore compared to the same period last year. Haryana has also maintained strong performance in cumulative GST growth during the first two months of FY 2026–27, recording a 40 per cent rise over the corresponding period last year, supported by steady economic activity and tax administration efficiency.Read more

05 Jun 2026

Godrej Capital is aiming to increase its assets under management (AUM) by over 30% to INR 38,000 crore during the current financial year, while setting a longer-term target of INR 1 lakh crore over the next five years. Alongside expanding its lending business, the company has entered the wealth management segment through the launch of Godrej Wealth. The firm plans to strengthen its presence across India, introduce new lending products, and deepen its affordable housing finance portfolio. The company also intends to explore a public listing after achieving greater scale and demonstrating consistent business performance.Read more

05 Jun 2026

Kotak Alternate Asset Managers (Kotak Alts) has completed the final close of its 14th real estate fund at nearly USD 1 billion, attracting commitments from a subsidiary of the Abu Dhabi Investment Authority (ADIA), South Korea's National Pension Service (NPS Korea) and other institutional investors. The fund will focus on providing structured financing across residential, commercial and mixed-use real estate projects in India. The milestone underscores sustained global investor confidence in the country's property sector and marks NPS Korea's first investment in India's alternative assets market.Read more

05 Jun 2026

A special committee of the Jharkhand Assembly has examined concerns related to mining activities and overburden dumping on private, government, and forest lands in Dhanbad district. The panel chairperson stated that Bharat Coking Coal Limited (BCCL) has paid INR 200 crore to the state for using government land for mining purposes. The committee also noted that Central Coalfields Limited and Eastern Coalfields Limited have acknowledged similar usage and are expected to contribute over INR 1,000 crore in revenue. The panel is also focused on ensuring fair compensation to landholders affected by mining operations.Read more