Infosys has recently inaugurated a state-of-the-art development centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, aimed at delivering cutting-edge digital solutions for global Banking, Financial Services, and Insurance (BFSI) clients. Designed to support over 1,000 employees operating in a hybrid model, this facility focuses on key areas such as digital banking, regulatory compliance, trade finance, and capital markets. By harnessing emerging technologies including AI, generative AI, cloud computing, cybersecurity, and blockchain, the centre is set to bolster India's role in the global financial technology ecosystem while creating significant employment opportunities in the region.Read more

Chandigarh's long-delayed Sector?53 housing scheme has been shelved again by the city's Housing Board after property prices spiked sharply due to revised collector rates. Despite a strong response from the public-over 7,400 applications-the scheme was deemed unaffordable in its current form. CHB has decided to refund around INR 7.5 crore collected from applicants. This marks another setback for a project that has been struggling to take off since it was first proposed over six years ago.Read more

Tribeca Developers has launched Trilive, a built-for-rent studio apartment project in Marol, Andheri, aimed at India's growing population of millennial professionals seeking premium rental housing. Despite strong demand, studio apartments form less than 0.5% of India's housing stock. Trilive addresses this gap by offering 650 tech-enabled, fully serviced units with modern amenities like rooftop lounges, co-working spaces, and private balconies. The project is managed by Housr, which operates over 75 properties across five cities, and promises investors a rental yield of over 6% with a nine-year leaseback. This marks one of India's largest managed rental housing ventures and reflects a strategic collaboration between Tribeca, Housr, and Starwing Group. With future plans to scale up to 8,000 beds across cities, Trilive combines premium urban living with hassle-free ownership-presenting a new standard in India's rental housing landscape.Read more

Veteran Bollywood actor Jeetendra Kapoor's family-owned firms, Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd, concluded a landmark real estate deal involving two adjacent land parcels and built-up assets in Mumbai's Andheri area. The property, spanning nearly 9,665 square metres and including Balaji IT Park's three buildings, was acquired by NTT Global Data Centers & Cloud Infrastructure India Pvt Ltd for INR 855 crore. The transaction was formally registered recently, with stamp duty and registration charges duly settled, marking a significant move in Mumbai's commercial real estate and data centre sectors.Read more

Shaula Real Estates, a private firm where Tanya Dubash-daughter of Godrej Industries Chairman Adi Godrej-is a director, has acquired a lavish duplex apartment in Mumbai's Worli locality for nearly INR 226 crore. The purchase was part of the Naman Xana project, an upscale under-construction residential development. The deal, executed in May, stands out as one of the most expensive primary transactions this year, with the per sq ft value on the carpet area reaching approximately INR 2.45 lakh. The move reflects continued investor confidence in Mumbai's high-end residential market.Read more

Hiranandani Communities is aiming to generate revenue exceeding INR 1,100 crore from the initial phase of its new residential project, The Arena, within the sprawling 588-acre Hiranandani Fortune City township in Panvel. Featuring around 600 units, the project taps into the rising demand for quality housing in the Mumbai Metropolitan Region, fuelled by increasing incomes, growing employment opportunities, and the migration of skilled talent seeking comprehensive living environments. The township has already delivered more than 2,200 apartments, with high occupancy rates and over 3,000 satisfied residents.Read more

Kanakia Group has entered into a significant joint venture with international real estate major Hines and Japanese financial institutions to develop a premium office project in Mumbai's Bandra Kurla Complex (BKC). Valued at INR 12,825 crore, this marquee development is planned across a 4.5-acre plot acquired from the Mumbai Metropolitan Region Development Authority. The collaboration brings together Kanakia's local execution expertise, Hines' global real estate proficiency, and robust Japanese institutional capital. This alliance underscores the growing interest of global investors in India's Grade-A commercial real estate and positions BKC for another round of premium development.Read more

Apple India has signed a lease for 12,616 sq ft of retail space at Oberoi Sky City Mall, Borivali, Mumbai's marking its second store in Maharashtra and fourth in India. The 10-year, 10-month lease carries an annual rent of INR 2.08 crore, with a 15% escalation every three years. The deal includes 150 sq m of storage space, five parking spots, and a security deposit of INR 1.04 crore. A revenue-sharing clause requires Apple to pay 2% of store revenue for 42 months, rising to 2.5% thereafter. The store expands Apple's retail footprint beyond Mumbai's city centre, targeting the growing suburban market. This move complements Apple's broader India strategy of boosting domestic sales and manufacturing. By entering suburban hubs, Apple is adapting to India's evolving consumer landscape and strengthening its retail presence in key growth corridors.Read more

Actor Jaideep Ahlawat and wife Jyoti Hooda have purchased a premium apartment in Poorna Apartments, Andheri West. The 1,950 sq ft carpet area home (2,341 sq ft built-up) includes four parking spaces. The transaction, recently registered, involved a stamp duty of INR 60 lakh and registration charges of INR 30,000. Andheri West remains a top choice for high-net-worth buyers due to its proximity to business districts and entertainment hubs, reflected in strong property demand and rising values.Read more

CREDAI-NCR's western Uttar Pradesh chapter announced the election of Dinesh Gupta as its new president for the 2025-2027 term. The newly formed Executive Committee is prioritising practical solutions for pending unit registries with occupancy and completion certificates, resolving stalled project reconstructions, and ensuring strict adherence to the RERA Act. Alongside Gupta, four vice presidents, a secretary, joint secretary, and treasurer were appointed, representing prominent real estate firms in the region. This leadership change reflects CREDAI-NCR's continued efforts to strengthen governance and support timely project delivery in western UP.Read more