In a decisive move to enhance transparency and homebuyer empowerment, MahaRERA has revamped its project registration certificate to include key project details in a reader-friendly bullet-point format. The new certificate now lists information such as total built-up area, number of buildings and floors, residential and non-residential units, and parking slots. It will also reflect future project updates like timeline extensions or ownership changes. This initiative, applicable to all new housing projects with immediate effect, is expected to significantly aid buyers in making informed decisions.Read more

According to a recent Boston Consulting Group (BCG) report, merely 8% of Global Capability Centres (GCCs) have attained advanced maturity across innovation, operational efficiency, and competitive differentiation. India, along with the US and Mexico, was recognised for hosting some of the most balanced GCC ecosystems. The study spotlighted India's distinct advantage in scale, innovation, and efficiency. It stressed the urgent need for companies to treat GCCs not just as support units but as transformative engines of innovation, particularly through the strategic use of artificial intelligence, including GenAI and AI agents.Read more

Tata Digital Pvt Ltd has leased approximately 59,000 sq. ft. of office space across three floors at One International Centre in Mumbai's Lower Parel business district. The five-year lease covers the 15th, 16th, and 17th floors, with a monthly rent of INR 1.05 crore plus INR 12.32 lakh in CAM charges, totalling about INR 1.18 crore monthly. The lease includes a 5% annual rent escalation and a rent-free period from February 1 to July 15, 2025. Tata Digital has paid INR 7.07 crore as security deposit and secured 49 car parking slots, with additional parking available at INR 10,000 per slot. This move reflects sustained demand for premium office spaces in Lower Parel, a preferred hub for corporate occupiers due to its strategic location, connectivity, and modern amenities.Read more

The Uttar Pradesh government has launched a comprehensive three-month initiative to address unauthorized constructions across the state. This decision follows a review revealing that out of 250,000 complaints received during the 2024-25 financial year, only 3,507 were resolved, leaving the majority pending. The campaign focuses on cities like Prayagraj, Varanasi, and Gorakhpur, targeting multi-storey residential and commercial complexes built without permission and permanent structures on government land. Authorities have been directed to conduct weekly inspections, enforce immediate sealing of illegal establishments, and utilize a centralized portal for real-time updates. The drive aims to expedite the resolution of pending cases and ensure compliance with building regulations.Read more

Bengaluru's civic body has recorded a milestone INR 2,424.93 crore in property tax collections in the first two months of the fiscal year, driven by the newly introduced waste management user fee (expected to add INR 700 crore) and a 5% early payment rebate. By April-end, collections had reached INR 1,200 crore, with May surpassing that figure. Mahadevapura led zone-wise collections at INR 598.51 crore, followed by East Zone (INR 455.06 crore) and South Zone (INR 391.96 crore). The city aims to achieve a total INR 5,100 crore this year, including INR 836.34 crore in arrears from 375,000 defaulters and INR 152.80 crore in revised tax on 9,904 properties. This strong start highlights Bengaluru's improved revenue mobilisation, supporting the city's evolving infrastructure and service delivery needs.Read more

The Chandigarh Municipal Corporation (MC) witnessed an unprecedented rise in property tax collection during the recent two-month rebate period, amassing INR 60 crore-marking the highest-ever amount collected under the rebate scheme. This notable growth from the INR 39 crore collected during the same period last year was attributed to the civic body's decision to double property tax rates from April 2025 onwards. Over 65,000 property owners responded proactively, taking advantage of the rebate window. The majority were residential taxpayers, although commercial properties contributed a greater share due to higher tax slabs. The successful outcome was driven by streamlined payment facilities and effective communication by the MC staff.Read more

Enzyme Office Spaces has leased 90,000 sq. ft. to accounting software firm Vyapar at its new Sarjapur Road centre in Bengaluru. The 1.2 lakh sq. ft. facility, with 3,000-seat capacity, is now nearly fully occupied, with only 30,000 sq. ft. remaining. The space was customised to Vyapar's operational needs, reflecting rising demand for flexible, tailored office environments among digital-first companies. Founder and CEO Ashish Agarwal noted strong interest from tech-driven businesses. Earlier this year, SUGAR Cosmetics leased 14,000 sq. ft. at Enzyme's Andheri East centre in Mumbai. Enzyme currently operates 32 centres across Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, totalling 1.55 million sq. ft. and 38,000 seats. Workspace pricing ranges from INR 5,000 to INR 25,000 per desk. As hybrid work models evolve, Enzyme's flexibility and customisation remain key draws for modern enterprises.Read more

A consortium led by Schloss Bangalore (The Leela) has secured an 80-year lease for a prime commercial plot in Mumbai's Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA). The consortium, which includes Arliga Ecospace Business Park Pvt Ltd and Schloss Chanakya Pvt Ltd, plans to develop a mixed-use project, featuring a 250-key luxury hotel. The plot, spanning 8,411.88 sq m with a permissible built-up area of 33,647.52 sq m, comes with a total lease premium of INR 1,302.15 crore. The highest bid was submitted earlier this year following MMRDA's evaluation process.Read more

IHG Hotels & Resorts has signed a management agreement with Kevit Retreats for the development of a 150-key Holiday Inn Express & Suites in Pithampur, Madhya Pradesh. Announced earlier this week, the property is expected to open in the first quarter of 2028. This move reflects IHG's ongoing strategy to penetrate emerging industrial locations with globally recognised hospitality offerings. Positioned as a rising industrial centre, Pithampur is especially known for its automotive and pharmaceutical sectors, making it a strategic location for hospitality expansion. IHG currently operates 50 hotels in India and is planning to add 63 more in the next three to five years.Read more

Reliance Infrastructure has fully settled its dues amounting to INR 92.68 crore with Dhursar Solar Power Pvt Ltd towards tariff claims, effectively nullifying the initiation of insolvency proceedings filed against it. The payment was made in line with the Energy Purchase Agreement terms. The National Company Law Tribunal (NCLT) had earlier admitted an insolvency petition filed by IDBI Trusteeship Services Ltd, acting on behalf of Dhursar Solar, due to outstanding dues. Reliance Infra has now announced plans to approach the National Company Law Appellate Tribunal (NCLAT) to withdraw the insolvency order, asserting its redundancy following the settlement.Read more

AU Small Finance Bank has acquired an 11-storey office building in Bandra (East), Mumbai, for INR 371 crore from Earthworth Constructions, with an additional INR 22.26 crore paid in stamp duty. The 74,577 sq. ft. property, featuring two basements and 98 parking spaces, will serve as the bank's new corporate headquarters. This is the largest outright office space purchase by a financial institution in 2025. The acquisition follows AU's merger with Fincare Small Finance Bank, expanding its network to over 2,350 touchpoints across 25 states, serving more than 10 million customers. The bank has also applied to transition into a universal bank. The move reflects AU's strategy to consolidate operations and strengthen its Mumbai presence, signalling a trend among financial institutions towards owning prime commercial real estate. The property's location along the Western Express Highway offers key connectivity advantages.Read more

The NCW Prime Offices Fund, a joint venture by Nuvama Asset Management and Cushman & Wakefield, has acquired Prius Platinum, a premium Grade A office building in South Delhi's Saket District Center. The 0.3 million sq. ft. property was purchased from a Kotak Alternate Asset Managers-led consortium, which had acquired it in 2021 via the Insolvency and Bankruptcy Code (IBC) process for INR 450 crore. The building has since undergone significant upgrades, including ESG-focused enhancements, achieving a 95% occupancy rate with a five-year WALE and strong lock-in periods. The NCW Prime Offices Fund recently raised INR 1,700 crore and targets a corpus of INR 3,000 crore. Its investment focus is on developing Grade A+ 'Offices of the Future' across India's top commercial hubs-NCR, Bengaluru, Mumbai, Pune, Chennai, and Hyderabad-aligned with evolving corporate workspace trends and sustainable development practices.Read more

IHG Hotels & Resorts marked a key milestone earlier this week with the opening of its 50th operational hotel in India Crowne Plaza Lucknow, comprising 110 keys. The hospitality giant reaffirmed its commitment to the Indian market by announcing a robust pipeline of nearly 70 hotels slated for launch over the next two to three years. Meanwhile, Indian Hotels Company Ltd (IHCL) entered into an agreement for a 101-key Gateway-branded hotel in Nathdwara, Rajasthan. The move supports IHCL's strategy to strengthen its presence in religious and cultural destinations across India.Read more

Embassy Developments Ltd is considering the sale of a key commercial project in Whitefield, Bengaluru, valued between INR 3,200 crore and INR 3,700 crore. The 3.3 million sq. ft. project may be offered to Embassy Office Parks REIT, pending shareholder and regulatory approvals. The move aligns with Embassy's portfolio monetisation and REIT-focused strategy. The company, formerly Indiabulls Real Estate, reported a consolidated net profit of INR 122.98 crore for Q4 FY25, reversing a loss of INR 99.21 crore year-on-year. Quarterly income rose to INR 1,182.61 crore, while full-year FY25 net profit reached INR 193.63 crore, compared to a prior loss of INR 517.39 crore. Annual income also doubled to INR 2,546.97 crore. Embassy's potential collaboration with its REIT platform underscores the industry's growing shift towards asset optimisation and structured exits in India's commercial real estate market.Read more

Mumbai-based Kanakia Group has entered into a strategic joint venture with US-headquartered Hines and Japanese conglomerates Mitsubishi Estate and Sumitomo Corporation to develop a premium 1.5 million sq ft office complex at Bandra Kurla Complex (BKC), Mumbai. This collaboration will see Kanakia provide the land parcel, while Hines, MEC, and Sumitomo step in as institutional investors and development partners. The project, spread over 3 acres, is set to feature not only office spaces but also F&B and retail elements. This marks a major milestone in Hines' expansion in India and strengthens its long-term strategic presence in Mumbai.Read more

Adani Ports and Special Economic Zone Ltd (APSEZ) has raised INR 5,000 crore through its largest-ever domestic bond issue, a 15-year Non-Convertible Debenture (NCD) fully subscribed by LIC at a 7.75% coupon rate. The AAA-rated NCDs will be listed on the BSE. The funds will support a planned buyback of APSEZ's USD bonds and extend average debt maturity from 4.8 to 6.2 years. CEO Ashwani Gupta highlighted this as part of a broader capital management strategy to maintain conservative leverage, diversify funding, and back APSEZ's goal of handling 1 billion tonnes of cargo by FY30. In FY25, APSEZ posted INR 20,471 crore EBITDA, reducing its net debt-to-EBITDA ratio to 1.8x. Key projects include Kerala's Vizhinjam port and a Colombo terminal. The successful issuance underscores APSEZ's financial strength and long-term growth ambitions in global transport and logistics.Read more

Prestige Estates Projects Ltd reported an 82% YoY drop in consolidated net profit to INR 25 crore in Q4 FY25, down from INR 140 crore. Total income also fell to INR 1,589.3 crore from INR 2,232.5 crore. For FY25, net profit declined to INR 467.5 crore (from INR 1,374.1 crore), with total income dropping to INR 7,735.5 crore. Amidst this downturn, the Bengaluru-based developer announced a strategic joint venture with Valor Group to co-develop a 1.5 million sq. ft. premium commercial office project in Andheri West, Mumbai, with an estimated Gross Development Value (GDV) of INR 4,500 crore. Both companies will hold equal 50% stakes, with Prestige investing INR 504 crore via an SPV. The project aims to strengthen Prestige's presence in Mumbai's thriving commercial real estate market and drive future growth.Read more

Prime Offices Fund, jointly managed by Nuvama and Cushman & Wakefield (NCW), has acquired 'Prius Platinum', a 3 lakh sq ft Grade A office property in South Delhi's Saket District Centre for approximately INR 700 crore. The asset, 95% leased, was earlier acquired via IBC by a Kotak-led consortium and has since undergone significant upgrades. This acquisition aligns with the fund's strategy of investing in sustainable, high-quality commercial assets in major urban hubs. With strong rental income potential, the deal reflects growing investor appetite for institutional-grade real estate. NCW aims to democratise access to premium assets while advancing ESG and operational excellence.Read more

Marwadi Chandarana Intermediaries Brokers, part of the diversified Marwadi Chandarana Group (MCG), announced its acquisition of a 75% stake in TruCap Finance, a non-banking financial company (NBFC), through a deal worth INR 207 crore. The investment, revealed earlier this week, comprises a preferential allotment of equity shares, convertible warrants, and the secondary purchase of 3.68 crore shares from TruCap's existing promoter group. With this move, MCG is set to become the new promoter, effectively phasing out the existing promoter group's shareholding. This strategic step has also triggered an open offer under SEBI regulations.Read more

Punjab Chief Minister Shri Bhagwant Mann and Arvind Kejriwal launched the 'easy registration' system in Mohali, aimed at simplifying and digitising property registration. The new platform allows citizens to register properties at any sub-registrar office within the district, regardless of property location, eliminating the need for agents or multiple visits. Integrated with helpline 1076 and Seva Sahayak services, it benefits rural households, seniors, and busy professionals. Key features include online document submission, real-time WhatsApp updates, digital pre-scrutiny, self-scheduled appointments, and unified online payment. With a 48-hour processing guarantee and anti-corruption tools, the system promises transparency, efficiency, and citizen empowerment across Punjab.Read more