28 Feb 2026

CBRE's Asia Pacific Real Estate Market Outlook for 2026 has indicated that commercial real estate investment and leasing activity across the region is expected to strengthen, even as overall economic growth shows signs of moderation. Investment volumes are projected to rise by 5-10% year-on-year, supported by improving investor sentiment and stronger net buying intentions. The office sector has re-emerged as the most preferred asset class for the first time since 2020, driven by better leasing fundamentals and limited supply in core locations. Investors are increasingly shifting focus towards rental income growth rather than yield compression. Alongside offices, data centres and living assets are gaining attention, while logistics, retail and hotels are expected to see steady but more measured growth across key Asia Pacific markets.Read more

27 Feb 2026

Apple is expanding its physical retail presence in India with a new store in Borivali, Mumbai. The outlet will be the company's sixth in the country and will operate fully on renewable energy while employing over 70 people. In parallel developments, Tata Power has introduced smart lighting and automation solutions for commercial and industrial buildings under its EZ Home initiative, targeting up to 80 per cent energy savings. Britannia has also unveiled a premium variant of its 50-50 biscuit to mark the brand's 30th anniversary.Read more

27 Feb 2026

Mumbai's civic body has proposed a INR 80,952.56 crore budget for 2026-27, reflecting an 8.77 per cent rise over the previous year. A key highlight is the planned deployment of INR 36,623.09 crore from fixed deposits to finance major infrastructure works. Capital expenditure forms nearly 60 per cent of the total outlay under the Mega Mumbai Makeover plan. Large allocations have been made for coastal roads, sewage treatment upgrades, road concretisation, water security and healthcare infrastructure. The BMC is also examining municipal bonds as a new funding route.Read more

Lucknow News Desk

27 Feb 2026

The Uttar Pradesh government will conduct a lottery on 28 February for the allotment of plots in the forthcoming Lucknow IT City, an integrated technology and business district being developed on the Agra�Lucknow Expressway corridor. Uttar Pradesh officials said that applications were received under two categories � IT/ITeS and allied services and commercial & hospitality � and that the lottery will determine successful applicants among the eligible bidders. The plot sizes range from 2,487 sq m to over 4,000 sq m, with the largest parcel measuring 4,163 sq m. The initiative forms part of the state�s strategy to attract technology, business and service sector investments to the region, and will be overseen by relevant departments with transparency measures in place to ensure fairness in the allotment process. Successful applicants will be notified soon after the draw.Read more

27 Feb 2026

Uttar Pradesh Chief Minister Yogi Adityanath signed MoUs worth INR 11,000 crore with Japanese companies, including Kubota, Minda Corporation, JAE, Nagase & Co., Seiko Advance, O&O Group, Fuji Japanese JV, and Fujisilvertech Concrete. The agreements span sectors such as agricultural and industrial machinery, automotive components, electronics, water and environmental infrastructure, industrial printing, and hospitality. Officials stated the deals are expected to boost manufacturing capacity and advance collaboration between India and Japan. Companies like Kubota, Minda, and JAE bring expertise in machinery, automotive electronics, and aerospace components, while O&O will focus on hospitality and real estate.Read more

27 Feb 2026

The Government of India has launched an offer for sale to divest up to 4% stake in Indian Railway Finance Corporation (IRFC) at a floor price of INR 104 per share. The base issue comprises 2% equity, with another 2% under a green shoe option. The total divestment could fetch around INR 5,430 crore. Non-retail investors were allowed to bid first, followed by retail investors. The announcement led to a decline in the stock price, even as IRFC recently reported its highest quarterly profit with steady loan growth.Read more

27 Feb 2026

NTPC and MAHAGENCO have completed the acquisition of Sinnar Thermal Power, which was undergoing insolvency proceedings. The plant, located in Sinnar, Nashik, has a total capacity of 1,350 MW. While the transaction value remains undisclosed, the completion adds significantly to NTPC's capacity, bringing its total installed capacity to 88,132 MW and commercial capacity to 87,052 MW. The move aligns with NTPC's growth strategy in Maharashtra and strengthens its coal-based generation portfolio, ensuring better support for power supply across the state and the country.Read more

27 Feb 2026

Avadh Steel, alongside associated promoters, has proposed an investment of approximately INR 6,000 crore to establish a modern integrated steel plant in Bihar, signalling a major industrial infusion into the state's manufacturing landscape. The proposal was discussed during a meeting between company representatives, including Managing Director Deepak Agarwal, and the Bihar Industries Minister, emphasising the plant's potential to leverage advanced production technologies and contribute to employment generation. The proposed facility is expected to be located along the Gaya-Dobhi industrial corridor, a strategic growth axis that has seen cumulative industrial land acquisition and government efforts to promote sectoral investment. Officials have indicated the investment could accelerate local economic activity, support ancillary industries and boost Bihar's standing as a manufacturing destination, although detailed land allocation and clearances are still under consideration.Read more

Hyderabad News Desk

27 Feb 2026

The Telangana government has initiated a major infrastructure and financial restructuring exercise as it prepares to take over the 69-kilometre Phase-I of the Hyderabad Metro Rail from Larsen & Toubro (L&T) in a transaction valued at around INR 15,000 crore. The state Cabinet approved the acquisition in its 24 February meeting, with the takeover expected to be concluded by March 31. The deal includes absorbing approximately INR 13,000 crore of existing debt and paying around INR 2,000 crore for L&T equity stake in the concessionaire. Officials have appointed financial and technical advisers for due diligence and are planning a debt revamp that would leverage lower-interest financing, supported by anticipated farebox and commercial revenues. The move also opens the door for land monetisation of unevaluated metro-allotted land estimated at about 120 acres to bolster revenue and support future expansion of the city's rapid transit system.Read more

26 Feb 2026

The Telangana government has initiated the auction of around 48 acres of prime land in Osman Nagar and Tellapur, expecting to raise between INR 3,000 crore and INR 3,500 crore. The land parcels, located near the Outer Ring Road and Hyderabad's Financial District, have been priced at a minimum of INR 39 crore per acre. This is the first time government land in Osman Nagar is being auctioned in this format. Strong market benchmarks from recent sales in Kokapet and Raidurg are expected to support competitive bidding.Read more