India: Mumbai, Delhi NCR, Bengaluru and Hyderabad, the listed REITs, and the office and residential pipeline.
NEW DELHI: IndiQube Spaces has approved an investment of up to ₹35 crore in SaiEdge Realty, through subscription to equity shares and/or convertible securities, for a stake of up to 49 per cent on a fully diluted basis, according to a regulatory filing. The investment may be made in one or more tranches. The company said the investment is aimed at strategic participation in a commercial real estate opportunity. SaiEdge Realty will undertake the development of owned commercial office space, while IndiQube intends to lease the office space developed by the company upon completion.
TeraNova DC, a data centre platform backed by Singapore-based Hillhouse Investment, plans to develop over 2 gigawatts of capacity across five Indian states by 2032. The Mumbai-headquartered company targets hyperscalers and AI workloads, using modular construction methods to cut costs.
European IT and consulting firm Sopra Steria India has leased 474,150 sq ft of office space at Maconns Grand in Sector 132, Noida, for 15 years. The initial monthly rent is about ₹3.76 crore, escalating by 10% every three years, for a total rent outlay of approximately ₹816 crore. The deal also incl
The Delhi Urban Shelter Improvement Board has initiated a public-private partnership redevelopment of jhuggi-jhopri clusters in Seelampur, Sultanpuri and Lajpat Nagar. A transaction adviser will be appointed to conduct feasibility studies, obtain clearances and help select a private developer. The p
DLF has entered into a collaboration for a 7.48-acre land parcel in Sector 61, Gurugram, expanding its contiguous holding to around 36 acres. The transaction is expected to conclude by Q4 FY27. The company also outlined upcoming residential launches in Mumbai and DLF Phase 4, and provided updates on
DLF reported a 10.3 per cent rise in net consolidated profit to ₹1,301.35 crore for the September quarter, with total income up 1.6 per cent to ₹2,297.30 crore. New sales bookings hit ₹3,800 crore, and the company maintained a net cash position of ₹15,084 crore despite a ₹1,980 crore dividend payout
Birla Estates is in advanced talks to acquire a 10-acre plot in central Noida from Shipra Group for about ₹1,000 crore, with plans to build a luxury residential project. The deal would mark the developer's second project in Noida, following a co-development partnership with Sikka Group in Greater No
India has postponed the 0.4 per cent transaction fee on UPI payments above 2,000 rupees until after Deepavali, giving retailers more time to prepare. Merchants are concerned about added costs, while experts argue the fees are needed to sustain the fast-growing payments network.
The Maharashtra government has directed Sub-Registrars to stop registering documents linked to unauthorised buildings and flats. Developers must now submit compliance certificates before selling, and unauthorised structures must be regularised first. The move aims to protect homebuyers from financia
Leaders of India's youth-led Cockroach Janta Party were detained on Tuesday after entering Jantar Mantar, a New Delhi protest site that police had removed from the official list a day earlier. The detentions come amid ongoing demonstrations demanding the resignation of the head of the Election Commi
India's HCLTech has signed a partnership with Anthropic to accelerate enterprise adoption of Agentic AI, focusing on safety, cybersecurity and governance. The IT services firm will establish a dedicated business unit and centre of excellence to build solutions using Anthropic's products.
BNP Paribas has signed a long-term lease for around 500,000 sq ft of office space at Mindspace Business Parks REIT’s One Radial complex in Chennai. The 10-year deal, spanning four floors, is among the city’s largest office leasing transactions this year and forms part of the bank’s consolidation of
Rustomjee Group is exploring a move into the senior living segment and estimates the Mumbai Metropolitan Region can support more than 5,000 senior living homes. Chairman Boman Irani said the developer is open to building independently or with a partner, though investment and project structures are n
Net office absorption across India's top eight cities declined 18% year-on-year to 14.1 million sq ft in Q3 2026, according to Cushman & Wakefield. Hyderabad and Bengaluru accounted for nearly 58% of quarterly absorption, while gross leasing volume hit a 2026 high of approximately 22 million sq ft.
The Noida Authority has approved a revised master layout plan for the Sports City project in Sector 150, allocating 70% of the area to sports and recreation. Four projects have received conditional occupancy certificates after clearing all outstanding dues, as the Supreme Court continues to monitor
India's telecom minister said the country does not allow monopolies, after Elon Musk accused Mukesh Ambani of using political influence to block Starlink's launch. The government earlier called suggestions of an unfair licensing process 'baseless and misconceived'.
Siddharth Nawal, managing director at Blackstone’s real estate business in India, is set to become CEO of Nexus Select Trust, replacing Dalip Sehgal. The trust plans to grow its shopping centre portfolio from 19 to 30-35 malls by 2030 through acquisitions and partnerships.
Haryana RERA has dismissed a compensation claim against Tata Housing over its Tata Primanti project in Gurugram’s Sector 72, ruling that the buyers’ execution of the conveyance deed without protest or reservation barred their subsequent claims. The authority also noted the occupation certificate had
Brookfield Asset Management has acquired eight industrial parks in India from ESR for INR 43 billion (US$450 million), marking its entry into the country's logistics sector. The portfolio spans 10.5 million sq ft across Mumbai, Pune, Delhi NCR, Chennai and Kolkata.
Embassy Office Parks REIT will acquire an 8,048 sq ft commercial unit in First International Financial Centre, Bandra Kurla Complex, Mumbai, from Citigroup Global Markets India for ₹48.29 crore. The acquisition is expected to be completed by Q3 FY27.
A special MPID court in Mumbai has framed charges against developer Vijay Machhindar, his wife, and their firm Ornate Spaces Pvt Ltd for allegedly defrauding homebuyers of Rs 28 crore. The accused failed to deliver flats in the Oshiwara project 'Grove Tower' or return funds, and face trial under the
The Delhi High Court has directed the Delhi Development Authority to process 1,373 pending property conversion applications within two months, for which Rs 155.06 crore has already been collected from residents. The court also instructed the Ministry of Housing and Urban Affairs to formulate a futur
The National Company Law Tribunal has admitted Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers over a claimed default of ₹68.49 crore. The Mumbai-based real estate firm acted as corporate guarantor for loans taken by Unity Infraprojects.
CREDAI has called for an infrastructure-first approach to urban development, with roads, drainage and civic services planned before large-scale real estate expansion. A report released at NATCON 2026 estimates India's real estate market could reach $1 trillion by 2030 and $5.8 trillion by 2047.
Amazon and Walmart's Flipkart are reviewing internet-enabled surveillance camera listings on their Indian platforms after Reuters found more than 700 of roughly 770 listings lacked mandatory government certification. The checks follow strict testing rules imposed in April 2026 amid espionage concern
Canada Pension Plan Investment Board is investing INR 30 billion (S$313 million) for about 27 per cent of Prestige Hospitality Ventures, marking its first direct bet on Indian hotels. The investment comes days after parent Prestige Estates Projects withdrew plans to list the business, citing strateg
Brookfield India REIT and NCW, a venture of Nuvama and Cushman & Wakefield, have completed a INR 17 billion (S$177.2 million) purchase of three floors at Godrej BKC in Mumbai's Bandra Kurla Complex. The partners each own half of the 264,000 sq ft office space, with NCW investing through its Prime Of
Apple Pay has launched in India via a partnership with Axis Bank, marking its first entry into one of the world's largest digital payments markets. The service is initially available to Axis Bank credit cardholders on Visa and Mastercard networks, with RuPay cards excluded.
India's Central Bureau of Investigation has filed a fresh chargesheet against five former promoters and directors of Acme Realties and its holding firm in connection with an alleged homebuyer fraud at the Acme Boulevard project in Mumbai's Jogeshwari (East). The chargesheet, the 21st in a broader pr
NBCC plans to restart construction on 16 stalled Supertech projects across NCR and beyond on Jan 16, 2027, bringing hope to nearly 14,000 homebuyers. Tenders will be issued in phases from Oct 1 to 15, with one already floated for River Crest in Rudrapur. Funding remains a key challenge, with unsold
Godrej Properties has signed a development agreement for a 2.5-acre luxury residential project in Marine Lines, Mumbai, with an estimated revenue potential of ₹6,000 crore. Man Infraconstruction (MICL) will recoup more than ₹300 crore of its investment while retaining a revenue-sharing interest unde
Indian space startup TakeMe2Space will launch what it calls the country's first orbital computing satellite aboard a SpaceX rocket on Oct 1. The sub-50 kg MOI-1A spacecraft, carrying Nvidia edge-computing processors, has already signed 23 customers for the mission.
Signature Global (India) has acquired 25 acres in Farrukhnagar, Gurugram, for ₹150 crore and entered collaboration agreements for another 169.22 acres. The combined 194.22-acre site will host an ultra-luxury farmhouse villa project with an estimated gross development value (GDV) of ₹5,500-6,000 cror
Indian stockbroker Rakesh Thakkar has purchased an eight-storey sea-facing tower in Mumbai's Juhu neighbourhood for S$74 million, in what is reported as the country's most expensive home deal. The 5,800 sq m residence, named 'Angelus', is being designed for privacy and sea views. The purchase reflec
The Bombay High Court has upheld developer JP Builders' decision to terminate homebuyer Santosh Amarsingh Sandhu's flat allotment over unpaid stamp duty and registration charges. Justice Sandeep V Marne set aside MahaRERA and MREAT orders, directing the developer to refund Sandhu's Rs 12.30 lakh wit
ACEN Corp. has completed the divestment of an initial 10% voting interest in Tejorupa Renewables India Project Private Ltd. to Diamond India Renewables One B.V. The transaction, which closed on 23 Sept, is part of a proposed sale of up to 49% of the Indian solar project company.
Anarock Group has acquired a 51% stake in architecture and interior design firm DSP Design Associates at an enterprise valuation of about ₹450 crore. The deal, funded through internal accruals, is aimed at expanding Anarock's capabilities into architecture, master planning and interior design, lever
Shriram Properties Ltd aims to double its net profit and sales bookings by FY29, backed by a 50 million sq ft construction pipeline. The developer is also exploring its first rental-income property, a premium shopping mall at its Uttarpara township in West Bengal.
Max Estates has signed a binding MoU for a joint development agreement on a 9.76-acre land parcel in Indirapuram, Ghaziabad. The project has an estimated development potential of 1.5 million sq ft and a gross development value of ₹2,500-3,000 crore. The deal marks the company's entry into Ghaziabad,
India's Supreme Court has ruled that the Premium floor area ratio scheme in Karnataka cannot be used to regularise unauthorised constructions, issuing an interim order on a petition by Citizens Action Forum. The court noted that the scheme, which allows developers to buy extra floor space, could bur
Runwal Enterprises has priced its ₹500 crore initial public offering at ₹290-305 per share, with the issue opening on 25 Sep and closing on 29 Sep 2026. The fresh-issue IPO offers a residential-heavy portfolio of 88.37 million sq ft across Mumbai and Alibaug.
Puravankara has entered the Delhi-NCR market with a 13.44-acre land parcel in Greater Noida, its largest land transaction in FY27 so far. The site has a saleable potential of about 4.57 million sq ft and an estimated gross development value of ₹5,200 crore.
DLF's rental arm will open a 700,000 sq ft premium shopping mall in Goa by March 2027, investing about ₹500 crore. The company expects annual rental income of over ₹150 crore and has already leased 70-75% of the space, including a five-screen PVR cinema and a Shoppers Stop outlet.
The Bombay High Court has issued fresh guidelines for land division in redevelopment projects with multiple buildings, ruling that each society's proportionate land entitlement is fixed four months after formation and cannot be reduced by later plan revisions. The court also ordered builders to disc
The Punjab and Haryana High Court has extended its interim order halting new allotments in Oberoi Realty's Oberoi 360 North luxury housing project in Gurugram until September 25. The extension follows a petition by Advance India Projects Ltd challenging a DTCP director's order, which the petitioner
The number of Indian white-collar professionals returning from overseas grew 24% in 2024 and 5% in 2025, with 205,000 more returnees so far in 2026. Industry experts warn that gaps in compensation, research funding and cutting-edge work compared to the US could make retaining these workers a challen
The Supreme Court has directed the Enforcement Directorate and Delhi Police to submit details of cases against Unitech Ltd directors to ensure a speedy trial, warning against further delays. A special court will be created to hear these cases exclusively as around 22,000 homebuyers await their flats
The Uttar Pradesh cabinet has approved the Lucknow Development Authority's takeover of Ansal Properties' stalled hi-tech township, potentially aiding around 5,000 homebuyers. The authority will complete pending infrastructure works at an estimated cost of Rs 2,216.91 crore, with the proposal now goi
Embassy Developments will invest ₹2,000 crore in Embassy Origins, an 85-acre residential project in North Bengaluru. The first phase includes Embassy Riverine and Embassy South Reserve, with a combined gross development value of about ₹4,500 crore.
Noida Authority has ordered a structural audit of the Great Value Sharnam project in Sector 107 after inspections found peeling plaster, exposed reinforcement bars and water seepage. The developer, Great Value Projects India, must have the audit done by an empanelled institution and carry out repair
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