Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more

Taj Lands End in Bandra has received the coastal authority's nod to expand its premises with two new restaurants on its third-floor terrace, one poolside cafe and another with a retractable roof. The additions will come up under the revised CRZ rules of 2019, which allow additional FSI. The development sits on the former Hotel Searock site, damaged in the 1993 blasts. IHCL is also rebuilding the Searock property and has plans for a second Taj hotel, Taj Bandstand, on an adjoining plot.Read more

Kerala has launched its first neurodiversity-friendly co-working hub at the Ernakulam South Metro Station in Kochi. Spanning approximately 48,000 square feet, the facility accommodates over 550 professionals and offers high-speed internet, dedicated meeting rooms, office pods, a cafeteria, and round-the-clock security. Designed around the globally recognised 'Spectra' model, the workspace aims to support neurodivergent individuals. The initiative, led by the state government and Infopark, is intended to attract startups, freelancers, and global capability centres, with plans to replicate the model at other transit locations.Read more

Kalpataru Projects International recorded a nearly three-fold rise in its consolidated net profit for the quarter ending June 2025, driven by a significant increase in revenues. The company posted a net profit of INR 213.59 crore, up from INR 83.95 crore during the same quarter last year. Total income also jumped to INR 6,187.52 crore from INR 4,608.5 crore year-on-year. In addition, the board approved an extension of the validity for a corporate guarantee in favour of its 65% subsidiary, Kalpataru IBN Omairah Company Ltd, not exceeding USD 65 million, up to mid-2026.Read more

Emaar Properties, one of Dubai's most prominent real estate developers, recorded a notable increase in net profit during the first half of the year, supported by a sharp surge in property sales and a significantly expanded project backlog. The firm continues to benefit from the strength of Dubai's residential market, which remains resilient due to consistent demand from both international investors and regional end-users. Emaar's diverse operations across hospitality, retail, and overseas markets further contribute to its sustained performance.Read more

The Durst Organization has secured a major commercial mortgage-backed securities loan to support its One Five One office tower in Times Square. The financing, jointly led by Wells Fargo, JPMorgan, and Bank of America, will fund tenant upgrades and capital improvements. Legal counsel described the deal as a turning point for New York's office market, reflecting a growing appetite for premium, well-amenitised properties in the post-pandemic era. New tenants such as TikTok and Nasdaq mark a strong repositioning of the asset.Read more

In a continuation of its upward financial trajectory, Kochi Metro Rail Ltd (KMRL) announced an operating profit of INR 33.34 crore for the ongoing financial year, marking the third year in a row it has registered a surplus. The metro operator recorded a notable improvement of INR 10.4 crore over the previous year, showcasing its sustained focus on operational efficiency and financial prudence. With steady gains in revenue from both ticketing and non-ticketing avenues, the company has underlined its commitment to long-term sustainability.Read more

JSW Cement raised INR 1,080 crore from 52 anchor investors by allotting 7.34 crore shares at the upper end of the price band before its IPO opened. The INR 3,600 crore issue includes a fresh issue of INR 1,600 crore and an offer for sale of INR 2,000 crore. The company plans to use the proceeds for its new Rajasthan plant and to reduce debt. Despite posting a loss in the last fiscal year, the IPO has drawn strong institutional interest, supported by JSW Cement's expansion and sustainability focus.Read more

India's top six cities witnessed a 14% rise in net office space leasing during the 2024-25 fiscal, reaching an all-time high of 65 million square feet, as per ICRA. The leasing momentum is expected to continue through 2025-26, driven by strong demand from Global Capability Centres (GCCs), BFSI institutions, flex-space operators, and domestic IT-BPM firms. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune were the key cities leading this growth. The April-June quarter alone accounted for 17 million sq ft of fresh absorption.Read more

Raymond Realty has reported a solid financial performance for the first quarter of fiscal year 2025-26, posting a standalone net profit of INR 26.93 crore. The company, which recently de-merged from the Raymond Group and got listed on the stock exchanges, saw total income reach INR 334.34 crore. With a robust land bank and a net-debt-free status, the company is focusing on an asset-light expansion model through joint development agreements (JDAs) and plans to launch several new projects in the coming months.Read more

DLF reported a 19% year-on-year increase in consolidated net profit for the June quarter of FY26, reaching INR 766 crore. New sales bookings surged 78% to INR 11,425 crore, primarily driven by high demand for the company's luxury project, DLF Privana North in Gurugram. Consolidated revenue rose to INR 2,981 crore, and the net cash balance improved to INR 7,980 crore. The company's commercial arm also recorded stable occupancy and a double-digit profit growth. DLF had ended the previous fiscal with record earnings and robust sales, indicating a sustained momentum in the premium housing segment.Read more

CapitaLand Integrated Commercial Trust (CICT) will acquire full ownership of the office and retail portions of CapitaSpring in Singapore's Raffles Place, buying out CapitaLand Development's 45% and Mitsubishi Estate's 10% stakes. Valued at SGD 482.3 million, the deal totals around SGD 1.05 billion and will be funded through a SGD 500 million private placement. With this move, CICT's Singapore exposure rises to 95%, and distribution per unit is expected to increase by 1.1% (pro forma). CapitaSpring-a 51-storey tower with premium offices and retail-boasts high occupancy, particularly from banking, legal, and tech tenants. The acquisition supports CICT's strategy to grow via high-quality, local assets.Read more

The Reserve Bank of India (RBI) has maintained its benchmark repo rate at 5.50% after implementing cumulative cuts of 100 basis points earlier this year. Starting from 6.50%, the central bank reduced the rate in multiple steps to support economic growth amid stable inflation. While inflation projections have eased and liquidity has improved, the RBI has now paused further easing, keeping its stance neutral. The impact of rate cuts on lending rates has been slow, and global uncertainties, including trade tensions, are adding new challenges to the economic outlook.Read more

Tata Group's retail arm, Trent Ltd, has reported a consolidated net profit of INR 424.7 crore for the April-June quarter, marking an 8.6% year-on-year increase. The growth was backed by consistent performance across its retail formats, including Westside, Zudio, and Star. Revenue from operations surged 18.9% to INR 4,883.48 crore, while expenses also saw a rise. The company continues to expand its direct-to-customer strategy and strengthen its presence in key markets. With over 70% of Star's revenue coming from in-house brands, Trent is positioning itself for deeper market penetration and long-term value.Read more

IRB Infrastructure Developers Ltd recorded a 10% year-on-year increase in toll revenue for July 2025, collecting INR 548 crore as against INR 499 crore during the same period last year. Maharashtra's MP Expressway remained the highest contributor despite a slight dip, while Hyderabad's Golconda Expressway and the Ahmedabad-Vadodara corridor followed with notable growth. The company attributes the uptick to improved traffic volumes and remains confident about sustaining this trend through the festive season. IRB's strong portfolio, spread across 12 states, continues to be a key driver in India's toll road ecosystem.Read more

Prestige Hospitality Ventures, the hospitality division of Prestige Estates Projects, has received approval from SEBI to go ahead with its INR 2,700 crore initial public offering. The IPO will comprise a fresh equity issue of INR 1,700 crore and an offer-for-sale of INR 1,000 crore by the parent company. The company plans to use the proceeds to reduce debt and fund future acquisitions. With nearly 1,500 rooms currently in operation and a robust pipeline of around 2,500 more, the company is strengthening its position in India's premium hospitality segment.Read more

The Competition Commission of India (CCI) has approved Dalmia Bharat's acquisition of Jaiprakash Associates Ltd (JAL), marking a key step in the company's insolvency resolution. The deal, executed through Dalmia Cement (Bharat) Ltd, aligns with requirements under the Insolvency and Bankruptcy Code before creditor voting. JAL, currently in CIRP, holds diverse assets including real estate, hotels, and defunct cement plants, with creditor claims totalling INR 185 crore. Rivals like Adani Enterprises and Vedanta Group have also received CCI nods to submit resolution plans.Read more

The BMC has taken strict action against two Living Liquidz outlets in Kamala Mills for carrying out unauthorised structural modifications and operating without required fire safety approvals. The civic body demolished illegal extensions and cancelled their licences. This comes after inspections revealed that commercial premises meant for a tailoring shop and a garment store had been illegally turned into bar and wine shop operations. The crackdown is part of a wider enforcement drive in the Kamala Mills compound targeting several eateries for violations.Read more

The Reserve Bank of India has opted to keep the repo rate unchanged, maintaining its current level under the Liquidity Adjustment Facility amid persistent global and domestic uncertainties. This policy continuity has been met with a positive response from the real estate sector, which sees the move as supportive of consumer confidence and housing affordability. Developers believe stable borrowing costs, reinforced by earlier rate cuts, will help sustain momentum in residential demand, particularly with the festive season approaching.Read more

Keystone Realtors, also known as the Rustomjee Group, reported its highest-ever quarterly pre-sales of INR1,068 crore in the first quarter of the fiscal year 2025-26 (Q1 FY26), marking a 75% year-on-year increase. This achievement came despite a 44% decline in consolidated net profit, which fell to INR14.51 crore. The company attributed the drop in profit to a change in accounting methods for revenue recognition and stated that it is shifting to the percentage of completion method for new projects. With a strong project pipeline and zero net debt, the company remains confident in its future growth.Read more