Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more

Embassy Developments is set to launch six residential projects in North Bengaluru with a combined Gross Development Value (GDV) of about INR 103 billion. These projects include premium RERA approved developments within the Embassy Springs township, as well as a villa community across 116 acres. This move aligns with the company's broader FY26 ambitions to launch ten projects with a GDV target of INR 220 billion, building on the momentum of its merger and recent balance sheet strengthening.Read more

The Lucknow Development Authority has generated over INR 425 crore in its latest e-auction, marking one of its strongest revenue rounds to date. Several plots attracted aggressive bidding, with prices reaching nearly three times their reserve values. A notable example was a 75 sqm plot in Sector 5, valued at INR 28 lakh, which sold for INR 1.5 crore. LDA credits the success to a detailed land audit and drone survey that helped identify and clear illegally occupied parcels before auction. This momentum follows earlier e-auctions where LDA earned more than INR 450 crore. The auctions span residential and commercial plots, helping the authority monetise unused land and curb encroachments.Read more

Tishman Speyer and Axis Commercial Real Estate Fund have partnered with Kasturi Housing to develop a INR 1,700-crore commercial and IT office project in Pune's Balewadi area. The 1 million sq ft development will see Tishman Speyer and Axis hold a combined 50% stake, while Kasturi Housing provides the land and retains the remaining share. Tishman will manage the project, which forms part of a larger mixed-use layout. The partners say Pune's strong infrastructure growth and its base of over 360 global capability centres make it a high-potential office market. This marks the second investment from the Axis-Tishman commercial real estate platform, which targets major Indian office hubs.Read more

Trehan Iris has entered a strategic partnership with boutique fitness and wellness brand Knox to embed a full-scale wellness experience into its upcoming residential project in Gurugram. The development will feature an exclusive Knox Studio offering high-performance training, mindful movement sessions and community-focused wellness activities. The collaboration aims to set a new benchmark for luxury living by blending architecture, fitness and social engagement. Trehan Iris says the initiative reflects its commitment to creating balanced, community-oriented environments, while Knox will bring its design-led, precision training philosophy to a residential setting for the first time. Residents will benefit from customised programmes led by certified trainers, combining physical and mental well-being.Read more

BirlaNu has announced plans to develop a greenfield fibre cement board plant in Andhra Pradesh's Nellore district. The decision, made public during the past week, reflects the company's focus on expanding its manufacturing base and supporting regional economic growth. The first phase includes an investment of around INR 127 crore and is expected to generate nearly 600 direct and indirect jobs. The facility will use fly ash from coal-based thermal power plants, supporting circular-economy practices. The company also plans a second-phase expansion to add PVC pipes, fittings, and construction chemicals units.Read more

Trident Group has approved a INR 2,000-crore expansion plan in Punjab to boost industrial activity and employment. The company will invest INR 1,500 crore in Barnala to scale up terry towel production and upgrade its paper manufacturing facilities. Another INR 500 crore will be deployed in Mohali for a new corporate office and a skill development centre. The initiative is expected to create around 2,000 jobs, with a strong focus on hiring semi-skilled women from rural areas. Chairman Rajinder Gupta said the investment reflects Trident's commitment to inclusive growth and sustainable development, marking one of the company's largest integrated expansion plans in the state.Read more

Sadbhavna Vruddhashram, the Rajkot-based institution known as the world's largest free old-age home, announced two large-scale initiatives during a Mumbai press interaction earlier this week. The organisation revealed plans to plant 151 crore trees across India and to construct a new seven-tower, 11-storey elderly care complex costing INR 400 crore at Rampar on the Rajkot-Jamnagar Road. Donors, including the London-based Nagrecha-Radia family, contributed INR 108 crore towards the project. Alongside these developments, Pujya Morari Bapu's Ramkatha is currently under way in Ghatkopar to support the charitable mission.Read more

TCS and TPG are joining forces to create HyperVault AI Data Centre, with a combined equity investment of 180 billion INR (USD 2.03 billion). The companies plan to raise additional debt funding of USD 4.5-5 billion. TCS will hold a 51% stake and TPG 49%, supporting India's growing AI data infrastructure. Analysts note the venture aligns with global trends of tech firms partnering with private equity to share risks, while TCS's previous announcement of a USD 7 billion investment in a data centre drew investor skepticism due to limited alignment with its core IT services.Read more

Saif Ali Khan has purchased two adjoining commercial office units in Mumbai's Andheri East for a total of INR 30.75 crore, as shown in recently accessed registration records. The spaces, located in Kanakia Wallstreet, together span 5,681 sq ft and include six parking slots. The seller is Apiore Pharmaceutical, a U.S.-based company. The deal was facilitated by real estate advisory firm Volney. This purchase aligns with the growing preference among high-net-worth individuals for Grade-A commercial assets and adds to Saif's existing real estate holdings across Mumbai.Read more