Noida News Desk

30 Mar 2026

ASK Property Fund has exited its INR 650 crore investment in a Mahagun Group-led residential project in Noida, generating a 21% internal rate of return and a 2.1x investment multiple. The fund had deployed around INR 310 crore in 2021 to provide structured capital for the project, which has a saleable area of approximately 2.4 million sq ft. The exit also marks the closure of its INR 1,500 crore debt fund raised in 2018, which delivered an overall multiple of 1.83x. The transaction highlights continued investor interest in structured real estate financing and reflects improving liquidity conditions in select residential developments within the National Capital Region.Read more

30 Mar 2026

India's flexible office stock has crossed the 100 million sq ft milestone, reaching approximately 110-114 million sq ft over the past five years, according to a joint report by CBRE and FICCI. The segment has recorded a compound annual growth rate of 23-25%, with inventory nearly tripling since 2020. Bengaluru leads the market with 30-32 million sq ft, followed by Delhi-NCR and Pune. Demand is primarily driven by IT, technology, BFSI, and professional services firms, with global corporations accounting for a majority share of leasing. The growth reflects increasing enterprise adoption of flexible workspaces as part of long-term real estate strategies, particularly among global capability centres (GCCs).Read more

29 Mar 2026

CleanMax Enviro Energy Solutions is planning a capital expenditure of around INR 7,000 crore to expand its renewable energy capacity by 1,500 MW by FY27. The company is focusing on the commercial and industrial (C&I) segment, where demand for green power is rising steadily. With an existing capacity of about 2.8 GW and a strong pipeline, CleanMax aims to scale up its presence across key states. The expansion will include solar, wind and hybrid projects, along with increased inter-state supply capabilities to serve large corporate clients.Read more

29 Mar 2026

The central government has indicated that land acquisition for expanding India's strategic petroleum reserves is in an advanced stage, marking steady progress in boosting the country's energy security. The expansion aims to increase crude storage capacity and reduce risks from global supply disruptions. Work on planning, feasibility, and partnerships is moving alongside land-related processes. The move builds on existing reserves at key locations and reflects India's continued efforts to strengthen its buffer against oil price volatility and geopolitical uncertainties affecting fuel supply.Read more

29 Mar 2026

The Business Conclave of Bharat Tribes Fest 2026 has commenced in New Delhi, bringing together over 50 policymakers and 600 delegates to discuss strategies for strengthening market access for tribal producers. Organised by the Ministry of Tribal Affairs in association with TRIFED, the platform aims to integrate tribal artisans into formal value chains and improve income levels. The government has restructured the earlier Aadi Mahotsav into Bharat Tribes Fest to combine cultural promotion with commercial opportunities. Discussions during the ten-day conclave will focus on addressing challenges such as access to markets, capital, and technology, while developing frameworks to enhance tribal entrepreneurship and livelihood generation.Read more

29 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed a lease agreement with the Bharatiya Janata Party (BJP) to set up its state office in Amaravati. The land, measuring 1.43 acres in Venkatapalem village, has been allotted on a 33-year lease. The party is required to begin construction within three months and complete it within four years. The development is expected to support Amaravati's growth as an administrative centre. The move comes as part of ongoing efforts to strengthen institutional presence in the planned capital region.Read more

29 Mar 2026

The National Highways Builders Federation (NHBF) has urged the Union government to provide a standardised escalation support of 17-18% for ongoing national highway projects, citing significant increases in fuel, materials and logistics costs. In its submission to the Ministry of Road Transport and Highways, the industry body stated that these cost escalations were unforeseen at the time of bidding and have disrupted the financial balance of contracts across EPC, BOT and hybrid annuity projects. NHBF has also requested deadline extensions of three to six months, waiver of penalties and protection of cash flows, particularly for annuity-based projects. The demand is positioned as an interim measure to maintain project continuity and prevent disruptions in highway construction activity.Read more

29 Mar 2026

Sundaram Home Finance has expanded its Emerging Business (EB) segment in south Tamil Nadu by opening new branches in Sankaran Koil and Ambasamudram. The company plans to add five more branches in the region over the next 12 months, strengthening its presence in smaller towns. The EB segment includes affordable housing finance and working capital loans. The company is targeting disbursements of around INR 200 crore in south Tamil Nadu in the coming year. This expansion builds on its earlier entry into the segment in 2022, with a focus on deeper penetration in Tier 4 and Tier 5 markets.Read more

28 Mar 2026

The Andhra Pradesh Capital Region Development Authority has formalised a long-term lease agreement with the Andhra Pradesh State Institute of Rural Development & Panchayat Raj for setting up a dedicated training campus in Amaravati. Spread across over five acres in Kuragallu and Nowluru villages, the project aims to strengthen institutional capacity, improve governance training, and support rural development initiatives. With a 60-year lease tenure and defined construction timelines, the campus is expected to enhance administrative skills and align with the state's broader development focus on capacity building and public service efficiency.Read more

28 Mar 2026

Navi Mumbai Municipal Corporation's property tax amnesty scheme has recorded a strong response, with 5,744 defaulters clearing dues worth INR 20.15 crore within nine days of its launch. Introduced earlier this month, the scheme offers a 50 per cent waiver on late payment penalties for those settling outstanding dues in a lump sum. The initiative, valid until the end of March, covers residential, commercial, industrial, and vacant land properties. A significant share of payments has been made through digital channels, indicating growing adoption of online tax services. The civic body has extended operational hours, including on public holidays, to facilitate higher collections and encourage compliance.Read more