13 Jun 2025

Hyland, the creator of The Content Innovation Cloud, has inaugurated its new office in Hitech City, Hyderabad, reflecting a pivotal step in its global expansion drive. The new centre aims to serve as a strategic innovation hub, empowering Hyland to cater effectively to clients across the Asia Pacific region. The facility, which complements the company's existing presence in Kolkata, will focus on product development, customer success, and technical support while creating key employment opportunities and drawing from Hyderabad's vast tech talent pool.Read more

13 Jun 2025

Incture, a prominent provider of AI and digital solutions for SAP clients, has inaugurated its latest facility the Trinoyon Digital Product & Technology Center, in Kolkata. Marking its sixth centre in India and second in Eastern India, this strategic expansion underlines Incture's ambitions to scale innovation and regional growth. The new hub, situated in Sector 5, Salt Lake, is expected to house over 300 employees within three years and will play a crucial role in the development of the AI-powered Cherrywork suite. The centre also aims to serve enterprise customers globally as an SAP implementation hub.Read more

13 Jun 2025

Prestige Estates Projects Ltd has established a sales target of INR 27,000 crore for the ongoing fiscal year, marking a 59% rise from the previous year, despite missing its earlier projection due to regulatory hurdles. While last year's pre-sales dipped 19% to INR 17,023 crore, the firm remains optimistic owing to a healthy pipeline and strong initial sales in the first quarter. With INR 42,000 crore worth of launches planned across key cities and a notable rise in average realisation rates, the company aims to bounce back sharply and capitalise on sustained housing demand.Read more

13 Jun 2025

Amazon Development Centre India, along with its Seller Services unit, has leased over 1 million sq ft of office space in a tower near Kattigenahalli on Airport Road, North Bengaluru, for a monthly rent of INR 6.1 crore. The 10-year lease, signed via Sattva Horizon, began in October and includes a 15% rent escalation every three years, with no upfront deposit. The 11-floor building, located less than 30 minutes from the airport, can accommodate 6,000-7,000 employees, with Amazon paying INR 62.04 per sq ft for a carpet area of 714,000 sq ft. This large-scale commitment strengthens the commercial appeal of the Airport Road corridor, where residential rents for 2BHK units range from INR 20,000-25,000 and sale prices start at INR 80 lakh.Read more

12 Jun 2025

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

12 Jun 2025

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

12 Jun 2025

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

11 Jun 2025

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

11 Jun 2025

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

11 Jun 2025

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