India: Mumbai, Delhi NCR, Bengaluru and Hyderabad, the listed REITs, and the office and residential pipeline.
MUMBAI, Sept 10 – India's payments authority launched a tap-and-pay option in its real-time payments network on Thursday, ahead of an expected full launch of Apple Pay in the country. The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), is the world's largest retail fast-payment system by transaction volume, according to a 2025 IMF report. It processed 24.51 billion transactions worth 29.82 trillion rupees ($314.21 billion) in August, latest data showed. The feature will allow users to complete transactions by tapping their smartphone at a point-of-sale terminal without opening the UPI app.
India will host the BRICS Leaders’ Summit in New Delhi on Sep 12-13, as the US-led war on Iran has split the bloc’s membership. Tehran and Abu Dhabi, both BRICS members, are on opposing sides of the conflict, threatening the group’s ability to issue a joint declaration.
The Supreme Court has allowed One City Infrastructure to proceed with the Sushant Aquapolis resolution plan without claiming land title. The Ghaziabad Development Authority has now approved the revised building plan, offering relief to 1,600 homebuyers.
Hero Motors has set a price band of 79 to 84 rupees per share for its IPO, seeking a valuation of about $401 million. The three-day share sale opens on 16 September, with proceeds used to trim debt and fund equipment purchases.
The Mumbai Income-Tax Appellate Tribunal has held that two flats on different floors of the same building can be treated as a single residential house for deduction under Section 54F. The ruling, in favour of a taxpayer who bought both units for family accommodation, overturns a disallowance of near
M3M Group has emerged as the highest bidder for a 12.5-acre mixed-use land parcel in Noida's Sector 108, quoting approximately ₹1,850 crore. The bid more than doubles the reserve price of ₹835 crore and drew interest from DLF Ltd, though only two groups participated in the final round.
The Supreme Court dismissed Parsvnath Developers' proposal for handing over flats or repaying homebuyers, calling it a delay tactic. The bench warned it may appoint a High-Powered Committee if no acceptable proposal is filed, and denied the insolvency professional's request to operate a frozen bank
Parneet S. Sachdev, chairman of Haryana RERA-Panchkula, said real estate regulation must shift from post-facto complaint resolution to technology-led predictive monitoring. Speaking at an ASSOCHAM conference in New Delhi, he outlined plans to use AI, real-time data and drones to identify project str
Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II AIF with a target corpus of ₹750 crore. The fund, launched in partnership with Casagrand Premier Builder, will invest in residential projects across Chennai, Bengaluru and Hyderabad.
Haryana RERA has directed Ocus Skyscrapers Realty to pay 10.8% interest to homebuyer Archana Dubey for delaying possession of a commercial unit in its Gurugram project Ocus 24K. The possession was due by 16 Dec 2018 but was offered on 18 Jul 2019. The developer must clear the arrears within 90 days
A subsidiary of Tata Consultancy Services, HyperVault, will invest up to 700 billion rupees ($7.41 billion) to build a 1 gigawatt AI data centre campus on 264 acres in Hyderabad, Telangana. The phased development targets AI companies and hyperscalers, and is expected to rank among India's largest AI
The Income-Tax Appellate Tribunal in Mumbai has deleted a Rs 1.3 crore tax addition on a property owner in a redevelopment case, ruling that Section 56(2)(x) can only apply when the property is actually received, not while still under construction. The tribunal also held that the new property was gi
The Haryana town planning department is taking possession of the 5.10-acre OSB The Venetian affordable housing project in Sector 70, Gurugram, nearly three weeks after cancelling the project licence. The move includes public notices, registration restrictions and a 15-day window for allottees to sub
India's Civil Aviation Ministry is examining ways to simplify and expedite no-objection certificates for construction near airports, including the possibility of urban local bodies issuing NOCs. The minister has set a 15-day timeline for officials to work out modalities for a more automated, transpa
The National Company Law Appellate Tribunal has directed NBCC and a court-appointed committee to file a status report within two weeks on 16 stalled Supertech projects. Homebuyers expressed concern that no construction work has been carried out in the 21 months since NBCC took over. The projects, la
The Income-Tax Department is scrutinising property transactions worth ₹8,500 crore, focusing on unreported, undervalued and benami deals. About ₹2,000 crore of the identified transactions are suspected to involve benami arrangements, with officials cross-referencing PAN data against income tax retur
Blackstone is offering up to $1.25 billion in units of India’s Knowledge Realty Trust at a 4.7 per cent discount to Friday’s close. The deal could reduce the US private equity giant’s stake to as low as 21.5 per cent from 46.5 per cent, handing control to partner Sattva Group.
Mumbai recorded 12,503 property registrations in August 2026, an 11% year-on-year increase and the highest for the month in 14 years, according to Knight Frank India. Stamp duty collections rose 12% to ₹1,123 crore, though both metrics declined from July 2026.
The Delhi government has notified the Delhi Fire Service (Amendment) Rules, 2026, introducing 18 categories of mandatory fire prevention and safety measures for all buildings. The rules link minimum standards to building height and occupancy, require six-metre clear access routes for fire engines, a
Vamsiram Builders has secured a 5.38-acre land parcel in Hyderabad's Raidurg (Knowledge City) for ₹1,447 crore at a government auction, achieving ₹269 crore per acre. The price sets a new record for the precinct, surpassing the ₹264 crore per acre paid by MSN Realty just a week earlier.
Max Estates will acquire nine land-owning companies holding about 84.71 acres in Sector 3, Najafgarh, Delhi, through a non-cash share swap valued at up to ₹420.23 crore. The move marks the company's entry into the NCT Delhi residential market and is aligned with the Delhi Master Plan 2047.
Sponsor entities of Knowledge Realty Trust plan to sell up to 111 crore units, or 25.03% of the REIT's unit capital, through an offer for sale on stock exchanges. The move aims to comply with SEBI's minimum public unitholding requirements, with the offer opening for non-retail investors on 31 Aug 20
German semiconductor maker Infineon Technologies has leased 631,923 sq ft at Bagmane Solarium City in Whitefield, Bengaluru, in a 10-year deal worth more than Rs 750 crore in total rental payouts. The lease, starting Dec 1 2026, includes an initial monthly rent of Rs 5.56 crore and a 15% escalation
CapitaLand India Trust has shifted S$204 million of Singapore-dollar debt into rupee borrowings in 2026 to reduce foreign exchange exposure as the Indian currency weakens. The move has boosted distribution-per-unit accretion by nearly 5 per cent. About 53 per cent of the trust's S$1.7 billion debt i
Puravankara has entered into a joint development agreement for a 7.83-acre land parcel in southeast Bengaluru with an estimated gross development value of ₹1,100 crore and a saleable area of about 0.89 million sq ft. The project will be developed as a residential scheme, adding to the company's five
State Bank of India has acquired a commercial building and leasehold land in Pune’s Kharadi district for ₹414 crore. The 15-storey property spans about 1.84 lakh sq ft on a 2.12-acre site within Kharadi Knowledge Park.
The Enforcement Directorate has filed a sealed cover status report in a New Delhi court on its investigation into DLF’s role in the Shikohpur land deal, seeking more time to complete the probe. The court expressed displeasure that a specific query from April 15 remains unanswered and has directed th
Small and mid-sized Indian developers are increasingly using insolvency proceedings to acquire bankrupt real-estate firms as land prices soar in major cities. The NCLT has approved more than a dozen such acquisitions in the past quarter, with distressed real estate now seen as an acquisition opportu