Hyderabad News Desk

23 Mar 2026

WeWork India has secured a managed office agreement worth approximately INR 475 crore with TMUS India for a large workspace in Hyderabad. The project spans over 2.5 lakh sq ft across five floors and will accommodate more than 1,500 workstations under a long-term arrangement. The deal reflects sustained demand for flexible and managed office solutions from multinational corporations and global capability centres. Hyderabad continues to attract large occupiers due to its established technology ecosystem and commercial infrastructure. The transaction highlights a shift in leasing preferences towards customised, scalable workspaces managed by specialised operators rather than conventional long-term leases.Read more

23 Mar 2026

SBI Funds Management has filed draft papers with the Securities and Exchange Board of India (Sebi) to launch its initial public offering, structured entirely as an offer for sale of up to 20.37 crore equity shares. The proposed issue does not include any fresh capital raising and will involve stake dilution by existing promoters, State Bank of India and Amundi India Holding. The IPO will be managed by a consortium of investment banks, including Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets (India), ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets. The move marks the asset management firm's entry into public markets amid continued investor interest in financial services platforms.Read more

23 Mar 2026

IndiQube Spaces Ltd has signed a leasing agreement with a foreign firm to provide 1,140 desks at its co-working facility, IndiQube Orchid, in Pune. The client is establishing a Global Capability Centre (GCC), with the deal valued at approximately INR 54 crore over a five-year tenure. The workspace is spread across multiple floors within the facility. The transaction reflects continued demand for flexible office solutions from multinational firms setting up GCCs in India. IndiQube, which was listed on stock exchanges in the past year, currently operates across 17 cities with a portfolio exceeding 9.55 million sq ft under management.Read more

23 Mar 2026

India will need an estimated USD 2.2 trillion investment in its power sector over the next two decades to support capacity expansion, grid modernisation, and energy transition efforts, according to Union Power Secretary Pankaj Agarwal. Speaking at the Bharat Electricity Summit 2026, the official outlined the country's targets of achieving 500 GW of renewable energy capacity by 2030 and adding 97 GW of coal-based thermal capacity by 2034-35. The sector has seen rapid growth, with total installed capacity crossing 520 GW and peak demand deficits declining sharply. Policymakers emphasised the need for regulatory reforms, market redesign, and flexible energy systems to manage rising renewable integration, alongside initiatives such as PM-Kusum and PM Surya Ghar Muft Bijli Yojana.Read more

23 Mar 2026

India has urged global investors to participate in its power and energy sector, highlighting opportunities in manufacturing, renewable energy, and infrastructure development. A written message from Prime Minister Narendra Modi, read out at a recent energy summit, emphasized collaboration under the make in India, innovate in India, invest in India, and scale with India approach. The country's progress in non-fossil fuel capacity, along with policy reforms and initiatives like nuclear energy expansion and distributed solar adoption, was presented as evidence of a growing, investment-friendly energy ecosystem aligned with long-term development goals.Read more

23 Mar 2026

The Andhra Pradesh government has introduced a 50% waiver on interest for pending property tax dues to encourage faster recovery and provide relief to taxpayers. The scheme applies to residential properties and vacant lands across urban local bodies, provided dues are cleared before March 31, 2026. Taxpayers must pay the full principal amount along with half of the interest to avail the benefit. The move follows similar past initiatives that helped improve collections, with authorities expecting better compliance and a reduction in long-pending arrears through this limited-time relief.Read more

23 Mar 2026

The Telangana government is set to roll out the second phase of the Indiramma Housing Scheme from April, aiming to expand housing support to more eligible families. The move follows steady progress in the first phase, where around 4 lakh houses were sanctioned and a large number are under construction. The next phase will focus on pending applicants and urban housing needs, while ensuring stricter verification and transparency. The scheme is part of the state's larger plan to provide permanent housing to nearly 20 lakh families over time.Read more

Hyderabad News Desk

23 Mar 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has secured around 11 acres of government and public-use land in Hyderabad, valued at nearly INR 1,650 crore, following multiple encroachment complaints. The land parcels are located in Kondapur and Pragathi Nagar and were originally reserved for civic amenities such as a public park, cremation ground, and dumping yard. Authorities removed temporary structures, verified land ownership records, and fenced the areas to prevent further misuse. The action is part of ongoing efforts to protect public land and ensure proper urban planning.Read more

22 Mar 2026

India's housing market continues to demonstrate stability despite ongoing geopolitical tensions in West Asia involving the United States, Iran, and Israel, which have contributed to rising crude oil prices globally. As India remains heavily dependent on oil imports, elevated energy costs may create short-term pressure on construction and household budgets. However, industry stakeholders indicate that such impacts are gradual and manageable, with developers adapting through cost optimisation and pricing strategies. Demand is expected to remain steady, supported by end-user focus on quality housing and favourable long-term fundamentals including urbanisation, infrastructure expansion, and policy reforms.Read more

22 Mar 2026

Hyderabad's premium residential market witnessed a significant rise in supply during 2025, with 29,187 new units added in the INR 2-5 crore segment, marking a 52% increase over the previous year, according to a report by Nklusive. North West Hyderabad accounted for the majority of supply, while average saleable prices increased 7% year-on-year to INR 7,850 per sq ft. Demand remained driven by larger home configurations, lifestyle-oriented developments, and proximity to employment hubs such as HITEC City, Gachibowli, and the Financial District. Despite a marginal moderation in absorption due to increased supply, the market continues to see sustained buyer interest from both end-users and investors, supported by infrastructure expansion and the growth of key residential corridors across the city.Read more