Property Share Investment Trust (PSIT), India&#s first registered small and medium REIT, has launched its initial scheme, PropShare Platina, aiming to raise INR 353 crore. The scheme involves leasing 246,935 sq. ft. of office space in Bengaluru's Prestige Tech Platina, fully leased to a US-based tech firm. Investors can anticipate a 9% distribution yield by FY26. To attract investors, the investment manager will waive management fees until FY27. The proceeds will facilitate the asset acquisition through special-purpose vehicles. ICICI Securities leads the offering, with Cyril Amarchand Mangaldas as legal counsel. Units will be listed on BSE Limited.Read more

India's flexible workspace sector has witnessed a remarkable resurgence, attracting significant private equity (PE) investments. While investments fluctuated from USD 25 million in 2017 to a peak of USD 595 million in 2022, the sector experienced robust growth in occupied space, leasing an estimated 52.9 million sq ft from 2017 to mid-2024, a CAGR of 22%. Flex operators now account for over 21% of total commercial real estate transactions, with strong occupancy levels across key markets like Mumbai (94%), NCR (92%), and Bengaluru (86%). The evolving market landscape, with managed offices dominating 65% of the sector, reflects a maturing industry focused on innovative, sustainable, and technology-driven workspaces.Read more

Rudrabhishek Enterprises Limited (REPL) has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from SEBI, marking it as the second company in India to do so. The ImpactR SM REIT aims to provide structured investment opportunities, enhancing accessibility for smaller investors. Pradeep Misra, CMD of REPL, highlighted the potential market growth and the role of SM REITs in supporting India's vision of 'Viksit Bharat 2047'. The company plans to expand its asset classes beyond traditional sectors, including warehousing and healthcare, paving the way for broader investment opportunities.Read more

The Yamuna Expressway Industrial Development Authority (YEIDA) reported a substantial revenue of INR 982.51 crore in the first half of FY25, showing an increase of over INR 200 crore compared to the same period last year. However, expenses outstripped earnings, totalling INR 1,301 crore. A large portion of the expenditure went into land acquisition, more than doubling last year's figures. The rise in revenue, particularly from group housing projects, alongside increased airport and development spending, reflects YEIDA's focus on future infrastructure growth, despite rising costs.Read more

The Indian real estate market is poised to grow exponentially over the next 25 years, potentially reaching USD 10 trillion and accounting for 14-20% of the country's GDP. This growth will be driven by six key levers: urbanisation, infrastructure, digitalisation, demographics, sustainability, and investment diversification. Real estate will expand beyond major cities into tier 2/3 markets, with increased consolidation and institutionalisation. Alternate asset classes like data centres and senior living will see rapid development. Digitalisation through PropTech and the metaverse will improve transparency and efficiency. Sustainability will be a top priority, with green certifications becoming ubiquitous. Overall, India's real estate sector is set to be transformed into a USD10 trillion powerhouse.Read more

Mt K Kapital has raised over INR 500 crore for its maiden real estate fund, targeting projects in the Mumbai Metropolitan Region (MMR). The fund focuses on quick turnaround residential developments with low equity investments, aiming for an internal rate of returns (IRRs) exceeding 25%. In collaboration with Keystone Realtors, it plans to invest in 10 to 12 redevelopment projects. The firm's founder, Binitha Dalal, highlights their commitment to channeling capital effectively in the real estate sector, backed by a SEBI-approved Category II Alternative Investment Fund license.Read more

HomeLane has acquired DesignCafe in a share-swap deal valued at INR 3,000 crore, aiming to enhance growth and profitability. Following the merger, the combined entity reports an annual recurring revenue of INR 900 crore and plans to maintain independent brand identities while targeting distinct market segments. With a significant investment from new and existing investors, including Hero Enterprise, HomeLane is preparing for an IPO within the next 9 to 15 months. The merger is seen as a strategic move to fill gaps in each company's offerings and foster innovation in the growing real estate market.Read more

GR Infra projects has partnered with Standard Chartered Bank to raise INR 1,670 crore (approximately USD 200 million) for greenfield power transmission projects. Traditionally focused on roads, the company is diversifying as India targets 500 GW of renewable energy by 2090. With a market cap of INR 16,147 crore, GR Infra projects have seen its stock rise by 33% in the past year. Recent acquisitions include Tumkur-II REZ Power Transmission Ltd., aimed at enhancing Karnataka's renewable energy capacity.Read more

The Mumbai Income Tax Appellate Tribunal (ITAT) has sent a case back to the Income Tax (I-T) authorities for further investigation regarding a tax deduction claimed by P. Shah. Shah invested INR 9.5 crore from a share sale into two adjacent apartments in Navi Mumbai, claiming a tax exemption under Section 54-F, which allows for tax-free long-term capital gains if invested in a single residential unit. The I-T department rejected his claim, arguing the two apartments are separate properties, but Shah argued they should be considered one unit. The ITAT directed physical verification to confirm if the apartments were merged into one.Read more

The residential rental market in Mumbai's western suburbs is booming, driven by strong demand and limited quality housing. Key areas like Andheri, Goregaon, Malad, and Borivali have seen rental prices surge, with premium gated societies experiencing a cooling growth rate of 5-9% in 2024, after a 50-60% spike from 2021 to 2023. Factors such as increased professional migration and enhanced infrastructure are reshaping the rental landscape, creating opportunities for developers and investors alike.Read more