Pune News Desk

06 Mar 2026

Prime Offices Fund (PRIME), managed by Nuvama Asset Management and Cushman & Wakefield Management, has acquired a 51% stake in a 1.1 million sq ft Grade A+ office development in Pune's Kharadi micro-market. The remaining 49% continues to be held by Singapore-based Keppel. The deal value is estimated at around INR 1,000 crore. With this transaction, PRIME's total portfolio has expanded to nearly 3.8 million sq ft across Delhi NCR, Chennai and now Pune, marking its entry into a key technology-driven office market.Read more

06 Mar 2026

NB Group has announced an investment of INR 350 crore to develop a luxury residential project in Ahmedabad. The project, named NB Palm, comprises 136 apartments spread across a 6,300 square yard land parcel. The development is being funded largely through internal accruals. Homes are priced at INR 6,500 per sq ft, with apartment prices starting from INR 2.5 crore. The company said Ahmedabad's housing market continues to see steady demand growth, particularly in the premium segment over the past few years, alongside strong performance in affordable and mid-income categories.Read more

Noida News Desk

06 Mar 2026

Paramount Developers has deposited more than INR 106 crore with the Noida Authority and the Greater Noida Authority, clearing long-standing land-cost dues that had blocked property registrations for 135 flats in two housing projects. Payments of around INR 80 crore to the Noida Authority for Paramount Floraville in Sector 137 and approximately INR 26 crore to Greater Noida Authority for Paramount Emotions in Greater Noida West were made under protest while legal proceedings continue over the dues. With the financial liabilities now settled under the Uttar Pradesh government's settlement framework for stalled projects, registries for 35 flats in Paramount Emotions and 100 flats in Floraville can be executed. Homebuyers previously faced delays in concluding ownership formalities despite completed certificates and possession in many cases. The move follows revised dues calculations under state policy.Read more

06 Mar 2026

The Maradu Municipality in Kerala has adopted its 2026-27 budget, projecting total revenue of approximately INR 111.27 crore with planned expenditure of around INR 101.84 crore, yielding a surplus of INR 9.42 crore, officials said earlier this week. Presented by Deputy Chairperson Jinson Peter, this is the first municipal budget drawn entirely through the K-Smart digital system. The plan allocates funds to a range of urban infrastructure and community development initiatives, including tourism enhancements in Valanthakkad, installation of LED lighting on key bridges, and lift facilities on the Kundannoor-Thevara bridge. Additional provisions include upgrades to educational facilities, construction of a biowaste treatment plant, renovation of public halls and commercial complexes, and stronger enforcement against illegal hoardings. The budget emphasises both civic improvements and revenue strengthening measures.Read more

Hyderabad News Desk

06 Mar 2026

Open plots and residential flats in the Kukatpally Housing Board Colony (KPHB) were sold at record prices at a public auction conducted by the Telangana Housing Board in the past week, signalling robust demand for government-owned real estate in the western corridor of Hyderabad. A 1 square yard parcel achieved a top bid of INR 2.65 lakh, well above the upset price of INR 1.30 lakh, while another plot fetched INR 2.41 lakh per square yard. Eight flats at Sampoorna Apartments in Phase-15 of KPHB also commanded strong bids, with the highest unit selling for INR 1.10 crore against a base price of INR 0.90 crore. In total, the auction generated approximately INR 24.26 crore. The results underscore growing investor interest in housing board assets offering clear titles and developed infrastructure in established urban localities.Read more

05 Mar 2026

MRF Ltd has signed a non-binding memorandum of understanding (MoU) with the Tamil Nadu government to invest approximately INR 5,300 crore over 12 years to establish a greenfield tyre manufacturing facility in the SIPCOT Industrial Park at Sivaganga district. The proposed plant is expected to generate direct employment for around 1,000 people. The project remains subject to approvals, including a customised incentive package, land allocation and statutory clearances from the state government. The investment reinforces Tamil Nadu's manufacturing ecosystem and expands MRF's production footprint, which currently includes about 10 facilities across India producing passenger car radial, truck and bus radial, off-the-road and two-wheeler tyres.Read more

05 Mar 2026

Motilal Oswal Home Finance has signed an agreement with the Asian Development Bank (ADB) to raise USD 100 million through rupee-equivalent non-convertible debentures (NCDs). The funding will support affordable housing loans for women borrowers, while 10% of the proceeds will be allocated to green-certified residential projects that meet recognised sustainability standards. The long-tenor financing is expected to strengthen the company's funding profile, improve asset-liability matching and lower overall cost of funds. As of December 2025, the housing finance company reported disbursements of INR 1,303 crore during the first nine months of FY26, with Gross NPAs at 1.43%. The partnership aims to enhance access to credit for women homebuyers and promote environmentally sustainable housing development.Read more

05 Mar 2026

Square Yards has reported a 47 per cent year-on-year rise in revenue to INR 525.7 crore for the December quarter, driven largely by strong performance in India and growth in its financial services arm, Urban Money. For the first nine months of the current financial year, revenue increased 45 per cent to INR 1,358.9 crore. The company expects to close the year with over INR 2,000 crore in revenue and healthy margins, supported by market share gains in real estate and expansion in financial services.Read more

05 Mar 2026

India Infrastructure Finance Company Ltd (IIFCL) plans to raise USD 1.6 billion (around INR 14,500 crore) from multilateral agencies and overseas investors as part of a diversified resource mobilisation strategy to fund infrastructure development. The state-owned lender is exploring a USD 600 million blended finance facility, a debut Green Bond issuance, and approval to raise USD 1 billion in long-term commercial debt without sovereign guarantee in partnership with MIGA. The company has also secured Cabinet clearance for its proposed initial public offer (IPO), with listing expected next financial year. IIFCL reported a 39% rise in net profit to INR 2,165 crore in FY25 and recorded its highest-ever sanctions and disbursements, signalling continued balance sheet expansion.Read more

05 Mar 2026

The Haryana government has announced a 100% waiver on outstanding interest on property tax dues up to March 2025 in its recent budget. The relief is expected to benefit over 41 lakh urban property owners. The budget also includes free monthly water supply for small residential properties, waiver of pending water and sewerage surcharge, creation of an INR100 crore Urban Green Fund, and plans for five waste-to-energy plants. Several industrial measures, including a new INR500 crore fund and land reforms, have also been proposed to support investment and job creation.Read more