11 Jul 2026

India's residential market has entered a more stable phase, but the economics of home construction continues to evolve. Rising material costs, increasing labour expenses, higher quality standards and expanding infrastructure are steadily influencing the pricing of new housing projects. Rather than focusing solely on market timing, prospective homebuyers should consider the long-term implications of construction cost inflation on future affordability. As developers adapt to changing market dynamics and consumer expectations, understanding these structural shifts has become essential for making informed property investment decisions.Read more

Chennai News Desk

10 Jul 2026

Paying guest (PG) accommodation across Chennai and Tambaram has become significantly more expensive as operators raise rents and introduce separate food charges in response to rising commercial LPG prices, higher grocery costs and increasing operational expenses. Monthly rents have increased by up to 35%, affecting thousands of students and working professionals who rely on shared accommodation. PG operators say the hike is necessary to offset sustained increases in fuel, labour and maintenance costs, while residents have expressed concern over the growing cost of living and the affordability of budget housing in the city.Read more

10 Jul 2026

The Nuvama and Cushman & Wakefield (NCW) PRIME Offices Fund has achieved its final close at INR 4,000 crore, marking one of India's largest domestic office-focused real estate funds. Backed by institutional and high-net-worth investors, the fund will invest in Grade A commercial office assets across key Indian cities, targeting value creation through acquisitions, development and asset management. The successful fundraise reflects sustained investor confidence in India's office real estate sector, driven by robust leasing demand, the expansion of Global Capability Centres (GCCs) and long-term growth prospects for premium commercial assets.Read more

10 Jul 2026

Real estate investment platform Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has achieved the final close of its PRIME Offices Fund at approximately INR 4,000 crore, exceeding its initial target of INR 3,000 crore following strong investor demand. The fund, launched to provide Indian investors with access to institutional-grade commercial office assets, has already committed around 45% of its capital across office properties in major cities. According to NCW, the fund has built a portfolio of nearly 4 million sq ft of premium office space since its launch. The company attributed investor interest to continued demand for high-quality office assets, supported by the expansion of Global Capability Centres (GCCs) and sustained growth in India's commercial real estate market.Read more

10 Jul 2026

Punjab & Sind Bank has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City in Gandhinagar, strengthening its international banking presence. The upcoming unit will offer offshore banking services, including foreign currency banking and trade finance, to corporates, financial institutions, importers and global investors. The move aligns with the government's efforts to position GIFT IFSC as a global financial hub while enabling the bank to expand its international business and cross-border banking operations.Read more

10 Jul 2026

InCred Alternative Investments has led an INR 230 crore funding round in Adage Automation, with its private equity platform contributing INR 180 crore. The investment also saw participation from Global South Capital and Prachetas Capital. The fresh capital will be used to strengthen the company's AI-driven industrial technologies, engineering capabilities, manufacturing capacity and international operations. Adage Automation also plans to expand its presence across key global markets while enhancing digital solutions that improve efficiency, predictive maintenance, regulatory compliance and sustainability for process industries.Read more

10 Jul 2026

• The Chandigarh Estate Office more than doubled its revenue recovery in FY 2025-26, collecting INR 335.05 crore, compared to INR 164.5 crore in the previous financial year.
• The increase was driven by stricter recovery of pending dues, improved enforcement and faster disposal of property-related cases.
• Collections also received a boost from property auctions, conversion charges and other estate-related receipts as the administration intensified efforts to improve revenue generation.
• Officials plan to continue the recovery drive and expand the use of digital systems to improve efficiency in property administration and revenue collection.Read more

10 Jul 2026

Tata Power has unveiled an ambitious growth roadmap, targeting annual revenue of INR 1 lakh crore and net profit of INR 10,000 crore by 2030. Announcing the plans at the company's Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran outlined expansion across renewable energy, power generation, transmission, distribution, manufacturing and customer-centric energy solutions. The company also plans to establish a new 10 GW solar manufacturing facility in Odisha while exploring opportunities in nuclear energy, including small modular reactors (SMRs), as part of its long-term strategy to support India's clean energy transition.Read more

Delhi News Desk

10 Jul 2026

Delhi-NCR recorded its highest-ever quarterly flex office leasing in Q2 2026, with flexible workspace operators accounting for 45% of the 3.6 million sq ft of gross office leasing, according to CBRE. The surge was driven by rising demand from global capability centres (GCCs), technology firms and enterprise occupiers seeking scalable workspaces. Strong absorption, a growing supply pipeline and increasing preference for managed offices reinforced Delhi-NCR's position as India's leading flex office market during the quarter, signalling sustained momentum in commercial real estate.Read more

09 Jul 2026

Nestle Business Solutions (NBS) has announced the establishment of a Global Capability Centre (GCC) in Hyderabad in partnership with Genpact. The new centre will support Nestle's global operations by leveraging artificial intelligence, automation, data analytics and digital technologies. It will operate under Nestle Business Services India Private Limited and strengthen the company's global business support capabilities. The initiative also reinforces Hyderabad's position as a preferred destination for multinational companies establishing Global Capability Centres in India.Read more