Gurugram News Desk

06 Jan 2026

The Municipal Corporation of Gurugram (MCG) has sealed properties with outstanding tax dues totalling around INR 43 lakh, taking enforcement action against defaulters in the city. The sealed properties include residential and commercial premises where property tax liabilities were not cleared despite repeated notices, prompting the civic body to act under its regulatory powers. Officials said property tax compliance is essential to ensure uninterrupted civic services and sustain local infrastructure funding. The move follows systematic tracking of non-payers and reflects the MCG's intensified effort to improve revenue realisation and enforce property tax laws, while encouraging timely compliance by all property owners in Gurugram.Read more

06 Jan 2026

Sundaram Alternates is aiming to raise up to INR 2,000 crore for its SA Real Estate Credit Fund V by March, having already secured INR 1,000 crore in the past three months. Positioned as India's first ESG-aligned real estate fund, it has attracted investments from insurance firms, family offices, corporate treasuries, and ultra-high-net-worth individuals. The fund will focus on residential credit opportunities, emphasising capital protection and conservative loan structures. Since 2017, the company has raised over INR 3,800 crore across five funds, delivering 18-19% internal returns without capital losses, even during economic challenges.Read more

06 Jan 2026

Waaree Energy Storage Solutions has raised INR 1,003 crore from strategic investors as part of its INR 10,000-crore plan to build a 20 GWh lithium-ion cell and battery pack manufacturing plant. The facility will focus on high-performance cells for utility storage, electric mobility, and distributed energy applications. This move positions Waaree Group as a fully integrated energy transition player, enhancing its ability to provide end-to-end solutions for grid stability and renewable adoption. The investment will also strengthen domestic supply chains and boost India's energy storage capacity.Read more

06 Jan 2026

Rajesh Power Services has been awarded a 65 MW/130 MW Battery Energy Storage System project by GUVNL in Virpore, Gujarat. The project will provide two hours of backup power at a total output of 130 MW and is slated for completion within 18 months of signing the Battery Energy Storage Purchase Agreement and receiving regulatory approvals. The project reflects India's increasing focus on energy storage to support renewable integration. Rajesh Power Services, with prior experience in power infrastructure projects, is advancing the nation's energy transition goals.Read more

06 Jan 2026

Office leasing in India reached record levels last year, with net absorption hitting 61.4 million sq ft across eight key cities, up 25 per cent from 2024, according to Cushman & Wakefield. Growth was led by Bengaluru, Delhi-NCR, Pune, Hyderabad, and Chennai, while Mumbai, Kolkata, and Ahmedabad saw a decline. Gross leasing also set a record at 88.7 million sq ft, and new office supply increased 17 per cent. Experts project continued strong demand in 2026, fueled by global capability centre expansions and wider technology adoption.Read more

Bangalore News Desk

05 Jan 2026

Unsold housing stock across India's top seven cities increased by 4% in 2025, reaching about 5.77 lakh units, according to Anarock's analysis. Bengaluru recorded the sharpest rise, with inventory jumping 23%, while Pune, Chennai, Delhi-NCR, and Kolkata also saw higher unsold stock. In contrast, Hyderabad and the Mumbai Metropolitan Region experienced slight declines. Average residential prices in the seven cities grew 8%, with Delhi-NCR recording the highest rise. Overall housing sales fell 14%, although the total sales value increased 6%, reflecting stronger performance in premium segments despite slower overall demand.Read more

05 Jan 2026

Inox Clean Energy has acquired 250 MWp of solar projects from SunSource Energy and is acquiring an additional 50 MWp, taking the total capacity to 300 MWp. The projects, located across 13 states including Uttar Pradesh, Karnataka, Tamil Nadu, and Maharashtra, operate under SPVs and supply power to major C&I clients with long-term agreements averaging 24 years. This acquisition supports Inox Clean Energy's plan to reach 3 GW capacity by FY26 and 10 GW by FY28. The company also manufactures solar modules and cells for captive use and third-party sales.Read more

05 Jan 2026

As many as eight companies across sectors such as infrastructure, mobility, healthcare, manufacturing and fitness have received regulatory approval from SEBI to launch their initial public offerings. Firms including RKCPL Ltd, Chartered Speed, Glass Wall Systems (India), Jerai Fitness, Shriram Food Industry, Tempsens Instruments, Indira IVF and Rays Of Belief have obtained SEBI's observations, clearing the way for their listings. The proposed IPOs comprise a mix of fresh equity issues and offers for sale, with proceeds earmarked for expansion, debt repayment, working capital and general corporate purposes, reflecting a broad-based revival in India's primary market activity.Read more

05 Jan 2026

Adani Enterprises Limited has announced its third public issue of secured, rated and listed non-convertible debentures, aiming to raise up to INR 1,000 crore. The issue opens on January 6 and closes on January 19, 2026, offering investors an effective yield of up to 8.90% per annum across multiple tenors. Backed by strong credit ratings and the group's expanding infrastructure portfolio, the issue is expected to attract significant retail participation. A substantial portion of the proceeds will be used to refinance existing debt, while the remainder will support general corporate requirements, reinforcing Adani Enterprises balance sheet and long-term growth strategy.Read more

05 Jan 2026

Digital Core REIT Management has announced the completion of the lease-up at its Linton Hall data centre asset. The leasing arrangement is expected to generate around USD 14.8 million in annualised net property income, strengthening earnings visibility for the trust. Linton Hall is part of the REIT's carrier-neutral data centre portfolio serving hyperscale and enterprise clients. The development supports Digital Core REIT's strategy of improving occupancy, securing stable cash flows and reinforcing portfolio performance amid sustained demand for digital infrastructure assets.Read more