28 Sep 2025

Navi Mumbai International Airport (NMIAL) has secured accommodation for its personnel by entering into an agreement with Wadhwa Group to take 405 ready-to-move-in flats at Panvel in the Mumbai Metropolitan Region. The arrangement, made under a leave and licence agreement, ensures residential facilities for employees and their families as the airport prepares for inauguration in the coming weeks. The move reflects growing housing demand in the region ahead of the airport's operational launch.Read more

28 Sep 2025

Zomato Hyperpure, the B2B supply arm of Eternal Ltd., has secured a five-year lease for a 2.5 lakh sq ft warehouse in Bhiwandi, a key logistics hub near Mumbai. The lease started in August 2025, with monthly rent of INR 66.21 lakh, scheduled to begin in March 2026. The warehouse, located at One K Square Park, will help streamline the sourcing and distribution of fresh ingredients and groceries to restaurants and institutional clients. This move strengthens Hyperpure's regional supply chain alongside its Palava facility.Read more

27 Sep 2025

Infosys is expanding its Mohali campus with an investment of INR 300 crore across 30 acres. The first phase will involve constructing 3 lakh square feet, creating around 2,500 jobs, followed by 4.80 lakh square feet in the next phase. Present in Mohali since 2017, the company has expressed satisfaction over government support for this expansion. Punjab's faster approvals for industrial projects and proactive policies have encouraged investors. The move reinforces Mohali's position as a growing IT hub and supports job creation and regional economic development.Read more

27 Sep 2025

Nuvama and Cushman & Wakefield's joint venture fund has finalised the acquisition of a large office campus in Chennai from Singapore-based Keppel group in a deal worth INR 2,550 crore. The transaction was carried out under their flagship Prime Offices Fund, which aims to invest in prime commercial properties across high-growth micro-markets in India. The Chennai campus, spread across 2.4 million sq ft in Porur, marks the second major acquisition under the fund.Read more

27 Sep 2025

Keppel Corporation is selling its One Paramount office park in Porur, Chennai, to the Prime Offices Fund for INR 2,750 crore. The 2.4 million square feet Grade-A tech park houses tenants like Genpact and Maersk and offers strong rental yields of 7-7.5%. The Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield India, is actively expanding its presence in key Indian cities with a focus on premium, fully leased office assets, reflecting continued investor confidence in India's commercial real estate market.Read more

26 Sep 2025

Indian Hotels Company Limited (IHCL), part of the Tata Group, announced during the past week that it had secured all necessary approvals to begin construction of the Taj Bandstand project in Bandra, Mumbai. The development, worth INR 2,500 crore, will be built on a two-acre parcel of land held under lease by its subsidiary, ELEL Hotels and Investment Limited. The project is planned to feature 330 rooms and 85 apartments, designed to enhance the city's luxury hospitality offering.Read more

26 Sep 2025

Office leasing across India's seven top cities shows a mixed pattern for the July-September quarter, with an overall slight decline of 1 per cent to 172 lakh (17.2 million) square feet. Bengaluru, Hyderabad, and Delhi-NCR witnessed notable drops, while Mumbai, Pune, and Chennai reported strong growth. Despite subdued quarterly performance in certain regions, gross leasing for the first nine months of the year grew 8 per cent compared with last year. The office market remains resilient, driven significantly by Global Capability Centers, which contributed nearly 40 per cent of total leasing activity.Read more

26 Sep 2025

The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

25 Sep 2025

Kerala has finalized the tender for infrastructure development at the Palakkad Smart City, part of the Kochi-Bengaluru Industrial Corridor. The INR 1,316.13 crore (approximately USD 158 million) contract was awarded to a joint venture of Dilip Buildcon Limited and PSP Projects Limited. The project, covering 1,450 acres, includes roads, bridges, drainage, water supply, power distribution, sewage treatment, and industrial effluent systems. Kerala has already invested INR 1,489 crore (around USD 180 million) through KIIFB for land acquisition. This development marks a significant milestone in the state's industrial growth and smart city initiatives.Read more

25 Sep 2025

Spring House Workspaces, a leading Indian flexible workspace brand for entrepreneurs and growing businesses, entered into a partnership with EevolveX, a hiring solutions provider, to ease the recruitment process for startups. The initiative was announced in the past week and is intended to simplify the otherwise time-consuming task of talent acquisition. The collaboration promises pre-vetted candidates, founder-friendly recruiters, and quicker hiring cycles, helping startups save time and focus on growth during a crucial phase of expansion.Read more