Chennai News Desk

30 minutes ago

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

09 Mar 2026

Bollywood actor Amitabh Bachchan has purchased a 2.67-acre land parcel in Ayodhya for INR 35 crore from real estate developer House of Abhinandan Lodha (HoABL). The transaction was executed by Rajesh Yadav on behalf of AB Corp Ltd. The land is located near HoABL's 75-acre luxury plotted development The Sarayu, where Bachchan had earlier purchased land parcels in 2024. This marks the actor's third investment in Ayodhya through HoABL and his fourth overall investment in the city. The deal highlights growing investor interest in Ayodhya's real estate market amid ongoing infrastructure development and rising demand for plotted land in emerging religious and tourism destinations.Read more

Mumbai News Desk

05 Mar 2026

Actor Sushmita Sen and her mother Subhra Sen have leased out their luxury apartment in Goregaon East, Mumbai, for a starting monthly rent of INR 1.95 lakh under a three-year agreement registered in the past week. The rent will rise by 5% annually, taking the total rental value to INR 73.76 lakh over the full term. The deal includes two car parking spaces and a security deposit of INR 6 lakh. The flat is located in Oberoi Exquisite along the Western Express Highway.Read more

Mumbai News Desk

02 Mar 2026

Bollywood actor Shraddha Kapoor has renewed the lease on her premium sea-facing apartment in the Prime Beach building in Juhu, Mumbai, agreeing to pay a monthly rent starting at INR 6 lakh, according to property registration documents reviewed from the Inspector General of Registration (IGR) records. The lease renewal, registered in February 2026, is for a 12-month term, making the total rental value for the period INR 72 lakh. The apartment spans approximately 365 sq metres (about 3,929 sq ft) and includes four dedicated car parking spaces. The renewal follows a prior lease registered in October 2024 and reflects sustained demand for high-end residential rentals in Mumbai's coveted Juhu locality, one of the city's most sought-after neighbourhoods for premium real estate. The agreement attracted a stamp duty payment of INR 36,000 and registration charges of INR 1,000.Read more

27 Feb 2026

The Enforcement Directorate has provisionally attached industrialist Anil Ambani's 17-storey residence 'Abode' in Mumbai's Pali Hill, valued at over INR 3,716 crore, under the Prevention of Money Laundering Act. The action is part of an ongoing probe linked to alleged bank loan fraud involving Reliance Communications Ltd and related entities. With this move, total attachments in the case have crossed INR 15,700 crore. The agency has alleged that the property was placed under a family trust structure, raising questions over asset ownership and liability.Read more

1 hour ago

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more

4 hours ago

Data released by the Maharashtra Highway Police shows a significant increase in accidents and fatalities on the Mumbai-Nagpur Samruddhi corridor during the past year, while the Mumbai-Pune Expressway recorded a marginal decline in overall accidents. The Samruddhi route reported 185 accidents in 2025, up from 137 in the previous year, along with a rise in fatal crashes and deaths. In contrast, accidents on the Mumbai-Pune Expressway dropped slightly. Authorities are reviewing safety measures and planning stronger monitoring systems on the Samruddhi corridor to control speeding and improve highway safety.Read more

5 hours ago

More than 4,100 transit flats for Kashmiri migrant employees have been completed across the Kashmir Valley under the government's rehabilitation housing programme. The project aims to provide safe residential accommodation to migrants appointed under the Prime Minister's employment package. Out of the planned 6,000 flats at 20 locations, 4,112 units have been completed and 3,257 allotted so far. Officials recently reviewed the progress of construction and supporting infrastructure such as water supply, electricity, and drainage. Around 680 additional flats are expected to be completed by April 2026 as authorities move closer to completing the project.Read more

6 hours ago

The long-pending missing link project on the Mumbai-Pune Expressway is close to completion, with around 98% of construction finished. Developed by the Maharashtra State Road Development Corporation, the 13.3-km new alignment between Khopoli and Kusgaon is expected to open on May 1. Built at a cost of about INR 6,695 crore, the project includes long tunnels, bridges, and viaducts through the Sahyadri hills. Once operational, it will shorten the existing ghat stretch by over 6 km and reduce travel time between Mumbai and Pune by around 25-30 minutes while improving road safety and traffic movement.Read more

9 hours ago

Indian Highways Management Company Ltd (IHMCL), promoted by the National Highways Authority of India (NHAI), is preparing to introduce a barrier-less tolling system at more than 200 national highway fee plazas by FY27. The plan involves deploying Multilane Free Flow (MLFF) technology that allows vehicles to cross toll plazas without stopping. The system will rely on FASTag, RFID readers, and automatic number plate recognition cameras to collect tolls digitally. Authorities are issuing bundled tenders for multiple toll plazas to speed up implementation. The initiative is expected to improve traffic flow, reduce congestion at toll plazas, and strengthen digital toll collection on highways.Read more

Mumbai News Desk

1 hour ago

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

2 hours ago

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

4 hours ago

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more

7 hours ago

Authorities in Meghalaya's Garo Hills region have imposed restrictions preventing non-tribal individuals from purchasing, inheriting or claiming land. The order was issued by the Garo Hills Autonomous District Council using its powers under the Sixth Schedule of the Constitution of India to protect tribal land ownership and customary rights. The notification also invalidates benami arrangements where land is held in a tribal person's name for the benefit of a non-tribal individual. While new transactions are barred, land that has already been legally owned or inherited by non-tribals will remain valid under existing laws.Read more

8 hours ago

Former Chief Justice of India Uday Umesh Lalit suggested that infrastructure project contracts should be examined by a specialised government agency before they are signed to reduce arbitration disputes and protect public funds. Speaking at a conference in New Delhi organised by PHD Chamber of Commerce and Industry, he said that poor contract drafting, inaccurate project estimates and coordination gaps between departments often lead to disputes. He also noted that environmental restrictions and design changes during project execution frequently result in arbitration claims, sometimes exceeding the original project cost.Read more

2 hours ago

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more

12 hours ago

The Maharashtra government has announced a major underground metro corridor connecting Wadala to the Gateway of India in Mumbai at an estimated cost of INR 23,487 crore. The project, proposed as Metro Line 11, was outlined during the state budget presentation and aims to strengthen connectivity to South Mumbai. The government also indicated plans to extend the line from Dharavi to Bandra suburban railway station and Bandra Terminus in the future. Along with this corridor, the state highlighted progress on several metro expansions, tunnel projects and transport infrastructure developments aimed at improving urban mobility across the Mumbai Metropolitan Region.Read more

09 Mar 2026

The Maharashtra government is considering an increase of more than 5% in ready reckoner (RR) rates from April 2026, a move linked to the state's rising debt burden and widening revenue deficit. RR rates serve as the government's benchmark property valuation used to calculate stamp duty and registration charges. Officials indicated that the revision is under evaluation by the state registration department after district-level consultations and analysis of property transactions across major urban markets. In several cities such as Mumbai, Pune and Thane, transaction values already exceed existing benchmark rates, prompting the government to examine a revision to better align official valuations with market trends. The final decision is expected before the end of March, and if implemented, the change could increase the cost of property registrations across the state.Read more

09 Mar 2026

The Competition Commission of India (CCI) has approved a proposed transaction involving Bagmane Prime Office REIT acquiring stakes in several Bagmane Group entities. The deal includes the direct acquisition of Bagmane Developers Private Limited, along with its subsidiary Bagmane Green Power LLP, and the indirect acquisition of Bagmane Rio Private Limited. The transaction also involves the transfer of the commercial asset Luxor @ Bagmane Capital Tech Park through the acquisition structure. Under the deal, the REIT's sponsor group and certain third-party shareholders will receive REIT units in exchange for transferring their shareholdings in the target companies. Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India in July 2025. The approval confirms that the combination does not raise competition concerns.Read more

09 Mar 2026

L&T Finance Ltd has launched Spoorthi , a specialised financing programme designed to support women entrepreneurs seeking home loans or loans against property (LAP) for business expansion and working capital needs. Announced ahead of International Women's Day, the initiative offers relaxed eligibility criteria, extended loan tenures and reduced interest rates for women borrowers. The programme will initially be rolled out across major metropolitan markets including Mumbai, Delhi, Bengaluru, Chennai, Pune, Ahmedabad, Kolkata, and Hyderabad. The initiative reflects the company's focus on encouraging greater financial inclusion and supporting women-led enterprises through easier access to credit.Read more

3 hours ago

Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more

09 Mar 2026

Raymond Realty has completed definitive agreements to develop a residential project in Kandivali, Mumbai. The project is planned to have a gross development value of about INR 30 billion, reflecting the company's continued focus on expanding its footprint in key Mumbai suburbs. The agreements were signed earlier this week, marking a step forward in Raymond Realty's development pipeline. This move aligns with the firm's broader strategy of leveraging demand in well connected locations. The Kandivali project is expected to add significant residential inventory in the area and support the developer's growth plans.Read more

09 Mar 2026

The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) for the allotment of land in Bandra Kurla Complex (BKC) to expand its operational footprint in Mumbai. Senior officials from BSE recently met MMRDA authorities to discuss identifying a suitable land parcel in the financial district. The proposed expansion is expected to strengthen Mumbai's position as India's financial capital and contribute to further institutional growth within BKC. The development follows the recent expansion by the National Stock Exchange of India in the same district, highlighting increasing demand from financial institutions and multinational corporations seeking a presence in one of India's most prominent financial and commercial hubs.Read more

Mumbai News Desk

09 Mar 2026

Modis Navnirman has been appointed to redevelop New Chitra Co-operative Housing Society in Kandivali West, Mumbai. The redevelopment will replace an over three-decade-old 14-storey residential building with a new mixed-use tower comprising residential and commercial spaces. The project will be developed on a land parcel of about 2,300 square metres and is expected to generate a gross development value of around INR 160 crore. The redevelopment reflects the increasing focus on upgrading ageing housing societies in Mumbai's suburbs while improving infrastructure, safety standards and overall housing quality for existing residents.Read more

09 Mar 2026

Godrej Properties celebrated the sale of its 1,00,000th home by gifting a free house to the Naina family from Nerul, Navi Mumbai. The initiative, part of the Laakhon Mein Ek campaign, was designed as a gesture of gratitude to long-standing customers. The company emphasized its commitment to sustainable, thoughtfully designed communities. Over its 129-year legacy, Godrej Properties has maintained leadership in residential sales, earned top sustainability rankings, and received over 500 industry awards, underscoring its focus on quality, trust, and building spaces that nurture life and relationships.Read more

09 Mar 2026

Warehousing leasing activity in Kolkata declined 30% year-on-year in 2025 to 4.6 million sq ft from 6.5 million sq ft in 2024, largely due to elevated land prices and constrained availability of Grade A facilities, according to a report by Knight Frank India. Despite the drop in transactions, the consultancy noted that the city's logistics market remains structurally strong, supported by infrastructure improvements and evolving occupier demand. Third-party logistics (3PL) and e-commerce continued to drive demand, while the manufacturing sector increased its share of leasing activity. Dankuni remained the dominant warehousing cluster, accounting for the majority of leasing activity due to its strategic connectivity and established logistics ecosystem.Read more

01 Mar 2026

The Cabinet Committee on Economic Affairs has approved three railway multitracking projects worth INR 9,072 crore to strengthen rail infrastructure in Maharashtra, Madhya Pradesh, Bihar and Jharkhand. Covering about 307 kilometres, the projects aim to ease congestion, improve passenger movement and enhance freight capacity by an additional 52 million tonnes annually. Around 5,407 villages with a population of nearly 9.8 million are expected to benefit. The upgrades, targeted for completion by 2030, are aligned with the PM Gati Shakti plan to improve logistics efficiency and reduce transport-related emissions.Read more

26 Feb 2026

SATS has finalized its cargo logistics facility at Noida International Airport, ahead of the airport's inauguration next month, with nearly INR 1,000 crore already invested. The company plans an additional INR 600 crore to build an integrated logistics park providing end-to-end airfreight services. Through its AI-SATS joint venture, SATS aims to establish Uttar Pradesh as a global aviation hub. Leveraging its global network of 225 locations, SATS seeks to link the state's agricultural, industrial, and service sectors with international markets, while transferring advanced logistics practices and technologies to local operations.Read more

25 Feb 2026

The Uttar Pradesh government has signed an MoU with AISATS to invest INR 4,458 crore in two major aviation projects at Jewar airport. The initiatives include a modern cargo campus aimed at making Jewar a hub for air freight and logistics in northern India and a world-class air catering unit supplying multiple airports. The projects are expected to boost exports, strengthen trade connectivity, support food processing and supply chains, and generate substantial employment. The agreement reflects the state's ongoing efforts to attract global investment and enhance its economic infrastructure.Read more

24 Feb 2026

Uttar Pradesh has secured three major investment agreements with Singapore's Universal Success Group, totaling INR 6,650 crore, during the chief minister's visit to Singapore. The projects include a theme-based township near Jewar International Airport, a logistics park along the Kanpur-Lucknow Highway, and a hyperscale data centre in Noida/Greater Noida. Together, these projects are expected to create over 20,000 jobs and bolster the state's industrial and urban infrastructure. Officials described the MoUs as pivotal for accelerating economic growth, improving connectivity, and reinforcing Uttar Pradesh's position as an emerging industrial and technological hub.Read more

13 seconds ago

Polo Hotels Group has announced plans to invest around INR 103 crore to develop a five-star hotel in Silchar, Assam, marking the first luxury hospitality project in the Barak Valley region. The proposed property will feature 100 rooms and suites and aims to introduce international-standard hospitality infrastructure to the area. The project has received approval from the Assam cabinet, which has also granted customised incentives and facilitative support for its development. According to the company, the hotel is expected to strengthen the tourism, business and events ecosystem in the region while supporting broader economic growth. Polo Hotels Group said the project reflects its long-term commitment to expanding its hospitality presence in Northeast India.Read more

6 hours ago

IKEA plans to make its India operations profitable by FY28 while expanding its retail network through smaller store formats. The company intends to open about 25 small and medium stores across the country over the next four to five years as part of its omnichannel strategy. This plan focuses on improving operational efficiency, expanding physical presence, and increasing local sourcing. Financial filings show that the retailer's losses widened to around INR 1,299.4 crore in FY25 while revenue declined slightly to INR 1,749.5 crore, reflecting continued investment in expansion and market development.Read more

8 hours ago

Air India has announced the launch of two new international routes aimed at strengthening connectivity between India and key Asian destinations. The airline will start non-stop flights between Delhi and Hanoi from 1 May 2026, making the Vietnamese capital its second destination in the country after Ho Chi Minh City. It will also introduce direct services between Mumbai and Tokyo's Haneda Airport from 15 June 2026. The new routes are part of the airline's broader effort to expand its international network, respond to rising travel demand, and improve connections between India and fast-growing markets across Asia.Read more

09 Mar 2026

SAMHI Hotels has approved the acquisition of a 70% stake in RARE India for INR 47 crore, as the company looks to expand its presence in the fast-growing experiential travel segment. As part of the transaction, RARE India will also enter into an affiliation agreement with Marriott International, allowing the platform's properties to operate under the Outdoor Collection brand by Marriott Bonvoy across India, Nepal, Bhutan and Sri Lanka. The partnership is expected to strengthen RARE India's global reach through Marriott's distribution network and loyalty ecosystem. The acquisition will expand SAMHI's portfolio to around 100 hotels across ownership and affiliation models while enabling the group to tap into the rising demand for heritage and experience-led tourism.Read more

Mumbai News Desk

06 Mar 2026

Ruxmani Lying-In Hospital, a 78-year-old maternity facility in South Mumbai, is relocating to Nana Chowk to allow an 80-storey luxury high-rise on its original site. The hospital, handling 900 childbirths annually and serving underprivileged families, will operate from a temporary 7,700 sq ft facility for four years before returning to a larger dedicated building. The Dhuleva Group acquired surrounding plots for over INR 300 crore, planning 50 residences with extensive amenities. The redevelopment follows city regulations for unsafe buildings but raises concerns among heritage experts about demolition of Grade 3 heritage structures.Read more

23 Feb 2026

As property transactions continue to rise across Tamil Nadu, Chennai-based proptech platform LandLens has positioned itself as a due diligence tool aimed at identifying land and property risks before purchase decisions are finalised. Developed by Verified.RealEstate, the platform integrates land records, zoning regulations, environmental indicators and infrastructure constraints into a single digital interface. Industry experts note that many real estate disputes arise not from lack of data but from fragmented information spread across departments, making holistic assessment difficult for buyers. Recent cases involving temple land claims, coastal regulation restrictions and environmental compliance issues have reinforced the need for early verification. LandLens seeks to address this gap by structuring public data into actionable insights, supporting buyers, investors and developers in making informed property decisions before financial commitments are made.Read more

23 Feb 2026

OpenAI and JioHotstar have partnered to integrate streaming recommendations into ChatGPT, enabling users to receive direct links to shows, movies and live sports available on the platform. Entertainment-related queries on ChatGPT will now feature contextual suggestions from JioHotstar's catalogue. The collaboration also introduces a ChatGPT-powered voice discovery feature within the JioHotstar app, allowing users to search by mood, intent or context using natural voice prompts. The companies said the integration aims to simplify content discovery and personalise viewing experiences. The move highlights the growing role of artificial intelligence in reshaping India's digital streaming and media landscape.Read more

23 Feb 2026

Experts from government, technology and global agencies met at Bharat Mandapam, New Delhi, to discuss how artificial intelligence can transform disaster management. Hosted by SEEDS and UNDRR, the dialogue focused on shifting from reactive response to anticipatory, hyperlocal and scalable risk governance. Speakers highlighted AI-driven early warning systems, predictive models using weather and satellite data, and offline tools for low-connectivity regions. Discussions also stressed legal frameworks, institutional readiness and community participation to ensure effective adoption. With growing climate risks across India and South Asia, the session underscored the need for integrated, people-centred disaster resilience systems powered by AI innovation.Read more

09 Feb 2026

Anant Raj Ltd has entered into a strategic partnership with AI infrastructure provider Submer to develop fully operational, AI-ready data centres across India through its subsidiary, Anant Raj Cloud. Formalised through a memorandum of understanding, the collaboration aims to support large-scale sovereign and enterprise AI workloads by deploying high-density, energy-efficient computing platforms. The partnership will bring Submer's liquid-cooling and modular data centre technologies from Spain, integrated with Anant Raj's existing campus infrastructure in Manesar and Panchkula, Haryana. By expanding beyond traditional colocation and cloud services into utility-grade AI infrastructure, Anant Raj seeks to address the growing demand for GPU-intensive workloads. The initiative also aligns with India's broader push towards AI sovereignty and sustainable digital infrastructure.Read more

02 Feb 2026

PropTurtle, a Hyderabad-based fractional real estate investment platform, has formally launched with a development-first approach that allows investors to participate in hospitality and commercial assets at the builder stage. Targeting an indicative internal rate of return of 18-22%, the platform departs from conventional fractional ownership models that focus on completed, rent-yielding properties. Instead, PropTurtle emphasises active value creation through co-development, professional execution and pre-defined exit strategies. Aimed at high-net-worth individuals and non-resident Indians, the platform offers structured ownership through SPVs, with strong focus on governance, regulatory compliance and transparency. Its initial portfolio is centred on boutique hospitality and commercial assets in high-growth corridors, positioning the platform as an institutional-style gateway for serious real estate investors.Read more

09 Mar 2026

Harpal Singh Cheema has proposed an allocation of INR 11,577 crore for the departments of home affairs, justice and jails in the 2026-27 budget of Punjab, emphasising stronger law enforcement and technology-driven security systems. Presenting the budget in the state assembly in Chandigarh, Cheema said the allocation reflects the government's focus on improving internal security, strengthening institutional capacity and enhancing surveillance capabilities. The plan includes expanded CCTV monitoring in border districts, improvements to emergency response services such as Dial-112 and further investments in prison security infrastructure. The initiatives aim to enhance public safety, curb narcotics smuggling and strengthen the state's ability to respond to security threats along the international border with Pakistan.Read more

06 Mar 2026

Maharashtra continues to hold the position of India's largest state economy with a projected Gross State Domestic Product (GSDP) of INR 42,67,771 crore for 2024-25. However, official data shows that the state recorded the slowest growth among the four largest state economies Maharashtra, Karnataka, Gujarat and Tamil Nadu in the post-pandemic period. While Maharashtra's GSDP increased by around 43 percent between 2021-22 and 2024-25, Karnataka led the group with nearly 65 percent growth. Gujarat and Tamil Nadu also posted stronger expansion. Despite slower growth in percentage terms, Maharashtra still added the highest absolute economic value.Read more

03 Mar 2026

India's economy expanded 7.8% in the October-December quarter under a revised GDP series, easing from the previous quarter but retaining its position as the fastest-growing major economy. Strong private consumption supported growth even as government spending and investment moderated. The National Statistics Office has raised full-year growth estimates to 7.6% for 2025-26. Projections for 2026-27 are placed between 7% and 7.4%. The government has also revamped national accounts methodology, broadening data sources and addressing earlier concerns raised by the International Monetary Fund over statistical practices.Read more

02 Mar 2026

The EY Economy Watch report projects India's GDP growth at 6.8-7.2% in the next fiscal, citing improved trade agreements and medium-term growth potential. It emphasized that achieving the Viksit Bharat goal by 2047 would require raising the tax-GDP ratio, primarily through better compliance. Significant tax reforms in PIT and GST were carried out this fiscal, focusing on increasing household disposable income and supporting consumption. While these measures may lower gross tax revenues temporarily, the government is expected to stick to its budgeted fiscal deficit target.Read more

28 Feb 2026

The global conversation around Global Capability Centres (GCCs) has largely focused on talent availability, digital transformation, artificial intelligence capabilities and cost efficiency. However, an underlying macroeconomic shift is increasingly influencing where multinational companies choose to locate, scale and invest in GCCs. Boardroom discussions are moving beyond talent considerations to questions around the cost of capital and the long-term economic outlook of host countries. Rising interest rates, tightening liquidity and elevated sovereign debt levels in developed economies are reshaping global capital allocation strategies. Currency volatility, geopolitical uncertainty and cyclical investment flows are also adding complexity to expansion decisions. As a result, capital is becoming more selective, favouring economies that demonstrate macroeconomic stability, policy predictability and resilience. In this environment, macroeconomic intelligence has become central to GCC strategy rather than a peripheral consideration.Read more

3 hours ago

Swedish construction firm Skanska has committed CZK 917 million (about SEK 400 million) to the final phase of its Albatros Kbely residential development in Prague, Czech Republic, advancing a large urban housing project that has been rolling out in stages. The last segment will add 178 low energy apartments to the development, bringing the total to 688 homes when complete. The neighbourhood includes extensive public green areas and civic amenities and has been designed with energy and water efficiency in mind. Construction on this concluding phase has begun this month and is planned to finish in early 2028.Read more

5 hours ago

China Merchants Land's subsidiary has agreed to acquire 100% equity in Xian Zhaoxi Jinyue Real Estate Development for RMB79.6 million, strengthening its regional footprint. The move is part of the company's ongoing strategy to expand in key markets through selective acquisitions of operational real estate firms. Xian Zhaoxi Jinyue has a presence in local residential and commercial projects, offering a strategic platform for growth. Analysts highlight that this acquisition continues China Merchants Land's approach of consolidating quality assets and leveraging its development experience to generate long-term value in regional property markets.Read more

7 hours ago

OA Co Ltd is set to acquire real estate assets worth 22.5 billion KRW, aiming to strengthen its property portfolio and support long-term business growth. The company has a history of strategic real estate investments to diversify holdings and enhance operational capabilities. Analysts note that the acquisition is part of a cautious, value-driven approach in a competitive South Korean real estate market. The deal is expected to provide both commercial and strategic advantages, with completion anticipated after regulatory approvals and final evaluations.Read more

10 hours ago

First Avenue for Real Estate Development has signed a development agreement with Jadwa Al-Shorfa Real Estate Fund, with a development fee of 15% of project costs, estimated at SAR 185 million. The partnership combines First Avenue's project management expertise with Jadwa Al-Shorfa's investment capital. This agreement reflects a wider trend in Saudi Arabia, where professional developers and real estate funds collaborate to share risks and ensure timely project execution. The deal strengthens First Avenue's presence in the regional market and showcases growing investor confidence in structured real estate development projects.Read more

11 hours ago

Investor interest in Venezuela has surged following U.S. detention of former President Maduro and the restoration of diplomatic ties, attracting hedge funds, asset managers, and high-net-worth individuals. Advisory firms Trans-National Research, Orinoco Research, and Signum Global Advisors are organizing multiple trips and conferences, featuring meetings with acting President Delcy Rodriguez, PDVSA leadership, and other senior officials. Focus areas include debt restructuring, energy, real estate, and mining. While optimism grows, sanctions and political uncertainties continue to prompt caution among some investors, limiting immediate transactions but generating significant long-term interest.Read more