Mumbai News Desk

04 Feb 2026

Pramit Jhaveri, the former chief executive officer of Citibank India, and his wife, Mukeeta, have acquired a luxury apartment in the Echay House development on South Mumbai's prestigious Carmichael Road, registering the transaction at approximately INR 38.16 crore. Property records show the 2,805 sq ft residence was bought at about INR 1.36 lakh per sq ft, and the deal includes car parking spaces. The purchase was registered in late November 2025, with stamp duty of more than INR 2.28 crore and a registration fee of INR 30,000 paid to complete the process. The deal underscores continuing demand for high-end housing in prime Mumbai neighbourhoods, where limited inventory and strong buyer interest sustain premium pricing. Industry data indicate that India's ultra-luxury segment remained active in the past year, with marquee residential deals concentrated in central and southern parts of the city.Read more

04 Feb 2026

Nexus Select Trust has announced a distribution of INR 358.6 crore to its unitholders for the quarter ended December 2025, reflecting steady operating performance across its retail-led portfolio. The REIT reported a rise in consolidated net profit to INR 139.4 crore during the October-December period, alongside a sharp increase in total income and net operating income. Higher rentals, portfolio scale and improved asset performance contributed to the growth. The declared distribution translates into INR 2.36 per unit and includes interest, dividends and repayment of special purpose vehicle-level debt. With a diversified portfolio of retail, office and hotel assets spread across multiple cities, Nexus Select Trust continues to strengthen its position as one of India's prominent consumption-driven REIT platforms.Read more

03 Feb 2026

C.J. Roy, founder and chairman of Confident Group, died by suicide at his Bengaluru office while Income Tax officials were conducting ongoing searches linked to earlier investigations into his business. Roy, in his late 50s and financially sound with zero debts, faced significant pressure from the federal agency, according to family members. Bengaluru Police have formed a Special Investigation Team to examine the incident, which occurred during a three-day tax verification process. His death has shocked the real estate community, drawing condolences from peers, industry leaders, and political figures.Read more

Lucknow News Desk

03 Feb 2026

Lucknow Development Authority has launched Aishbagh Square, a high-rise residential project in the Aishbagh area of the city, marking its entry into premium vertical housing. The project comprises four towers of 27 storeys with 384 large 3-BHK apartments with study areas, each measuring about 1,900 sq ft. Homes are priced from around INR 1.11 crore. Online registration has begun through a lottery system, with construction planned to finish in three years and possession targeted within five years.Read more

02 Feb 2026

The Union Budget for 2026-27 places infrastructure at the centre of India's long-term growth strategy and its vision of Viksit Bharat 2047, Union Road Transport and Highways Minister Nitin Gadkari has said. Commenting after the Budget was presented in Parliament, Gadkari noted that the proposals reflect a clear emphasis on connectivity, manufacturing depth and balanced regional development. He indicated that infrastructure has been positioned not merely as a physical asset base but as a critical enabler of economic resilience, opportunity creation and global competitiveness. According to the minister, the Budget also outlines a people-centric roadmap focused on farmers, youth and MSMEs, while strengthening capital investment and innovation-led growth. The overall framework, he said, reinforces infrastructure as a foundational pillar supporting inclusive and sustainable economic expansion.Read more

02 Feb 2026

The continued emphasis on infrastructure development, particularly in Tier-II and Tier-III cities, in the Union Budget 2026-27 is expected to stimulate demand for commercial vehicles while improving logistics efficiency across India, according to Daimler India Commercial Vehicles. The company said the Budget reinforces India's long-term growth strategy by prioritising manufacturing, infrastructure and supply chain resilience. Key proposals, including a new dedicated freight corridor linking eastern and western industrial regions, are likely to reduce freight costs and strengthen logistics networks. Industry executives believe the policy environment created by the Budget will encourage investments and innovation within the commercial vehicle segment, supporting the transition towards a more resilient and future-ready mobility ecosystem.Read more

Mumbai News Desk

02 Feb 2026

The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, emphasizes infrastructure-led growth while maintaining fiscal discipline. Total capital expenditure was raised to INR 12.2 lakh crore, supporting roads, railways, shipping, defense, and urban connectivity, particularly in Tier-II and Tier-III cities. The fiscal deficit was reduced to 4.3 % of GDP. Sector-specific measures include long-term tax incentives for data center investments and reforms in capital markets, including STT hikes and revised taxation on share buybacks. The Budget continues existing growth policies with targeted structural tweaks rather than major reforms.Read more

02 Feb 2026

HDFC Capital Advisors, the real estate private equity arm of the HDFC Group, has partnered with Curated Living Solutions (CLS), promoted by Bhaskar Raju of DivyaSree Group, to launch a rental housing platform with an investment of INR 1,000 crore. The platform will develop, own, and operate institutional-grade rental housing across major Indian cities, targeting students, young professionals, and migrant workers. CLS brings experience managing over 13,000 beds nationwide, while HDFC Capital provides long-term capital and governance. The initiative aims to formalize India's rental housing sector and enhance urban mobility.Read more

29 Jan 2026

CEPT University has introduced a new two-year, full-time Master of Business Administration (MBA) in real estate programme under its Faculty of Management, aimed at addressing skill shortages in India's evolving real estate sector. The curriculum has been developed in consultation with developers, finance professionals and alumni to create industry-ready talent capable of working across design, planning, construction technology, finance and firm management roles. The programme combines studio-based pedagogy with input from both full-time faculty and practising industry experts, spanning topics such as land strategy, project structuring, financing tools including real estate investment trusts, and sustainability/ESG considerations. CEPT officials said the course is designed to produce professionals who understand multiple aspects of real estate delivery, consistent with industry calls for well-rounded talent as the sector becomes more formalised and corporatised.Read more

28 Jan 2026

Prime Minister Modi highlighted that India's energy sector holds USD 500 billion in investment opportunities and encouraged global participation at India Energy Week 2026. He outlined plans to attract USD 100 billion in oil and gas investments by 2030 and expand refining capacity from 260 to 300 MTPA. Modi emphasized ongoing reforms across sectors and explained that the India-EU Free Trade Agreement, alongside the India-UK deal, will boost manufacturing and services. The trade pact covers 25% of global GDP and one-third of global trade, reflecting strong international economic collaboration.Read more