Pune News Desk

8 minutes ago

Pune Police have launched an investigation into an alleged property fraud involving the use of forged documents purportedly issued by the Pune Metropolitan Region Development Authority (PMRDA) and the Pune Municipal Corporation (PMC). A case has been registered against 22 individuals for allegedly using fabricated approvals and records during property transactions. The investigation aims to uncover the extent of the fraud, identify those responsible for preparing the forged documents and strengthen safeguards against document-related malpractice in the real estate sector.Read more

38 minutes ago

Amaravati Growth & Infrastructure Corporation Limited (AGICL) has awarded Larsen & Toubro (L&T) the Letter of Award (LOA) for the final-phase works of the Non-Gazetted Officers (NGO) Housing Towers in the Amaravati Government Complex. The contract, valued at INR 83.99 crore, covers the construction of sewage treatment plants, compound walls and other finishing works. L&T secured the project as the lowest (L1) bidder. The award marks another step towards completing the residential infrastructure developed for government employees in Amaravati, the greenfield capital city of Andhra Pradesh.Read more

1 hour ago

Seven Hills Realty Trust has closed a USD 24.3 million first mortgage loan to refinance Kimball on Main, a retail property in Park City, Utah. The asset is located in the city's historic Main Street shopping district and benefits from steady tourist activity, strong tenant demand and limited scope for new development due to zoning restrictions. The loan carries a three-year initial tenure with two one-year extension options, subject to conditions. The transaction also reflects the REIT's continued focus on financing income-generating commercial real estate in established markets.Read more

Mumbai News Desk

1 hour ago

Mumbai's Sewri-Worli Elevated Connector is expected to miss its earlier completion target, with the project now likely to open in early 2027. The revised timeline reflects delays in executing critical engineering works on one of the city's most significant road infrastructure projects. Once operational, the connector will provide a direct link between the Mumbai Trans Harbour Link (Atal Setu), the Bandra-Worli Sea Link and the Coastal Road, improving east-west connectivity and easing traffic movement across Mumbai.Read more

2 hours ago

Shriram Finance reported a 60% year-on-year rise in net profit for the first quarter of FY27, supported by strong growth in net interest income, higher other income and an improvement in net interest margin (NIM). The company attributed the margin expansion partly to the capital infusion following MUFG's stake acquisition, which helped lower its cost of funds. While loan disbursements and assets under management (AUM) continued to grow at a healthy pace, the lender flagged possible pressure on the rural economy due to below-normal rainfall in parts of central India, which could affect demand in some lending segments.Read more

2 hours ago

The Uttar Pradesh Housing and Development Board (UPHDB) has initiated the demolition process for 44 sealed properties in Meerut's Shastri Nagar Residential Scheme No. 7 in compliance with a Supreme Court order issued earlier this month. Property owners will receive 15-day notices before demolition begins if unauthorised structures are not removed voluntarily. The action forms part of a wider exercise covering 859 properties, including EWS and low-income housing, with further surveys planned across the city to identify additional violations.Read more

3 hours ago

A new report by the Resolution Foundation has urged the UK government to adopt a revised funding and policy approach to achieve its goal of delivering the largest council and social housing programme since the Second World War. The think tank has recommended directing the government's long-term housing funding exclusively towards social rent homes, easing social housing obligations for private developers during weak market conditions, and offering low-cost loans to housing associations. It said these measures could modestly increase the supply of low-rent homes, although significantly higher public investment would still be required to address the country's housing shortage.Read more

3 hours ago

The Central government has introduced a new authorisation framework for telecommunication infrastructure providers, making it mandatory for all telecom network data, logs and related information to be stored only within India. The rules apply to a wide range of infrastructure providers, including cloud-hosted telecom networks, mobile towers, satellite gateways and internet exchange points. The framework, issued under the Telecommunications Act, 2023, also strengthens compliance monitoring powers, introduces provisions for cloud-based telecom infrastructure and is expected to boost demand for domestic data centres while raising concerns over spectrum allocation for private satellite gateway operators.Read more

4 hours ago

Flipkart has partnered with the Department of Posts to strengthen its parcel delivery network across India by leveraging India Post's extensive presence of more than 1.6 lakh post offices. The collaboration will support last-mile deliveries for prepaid and cash-on-delivery orders in urban, semi-urban and rural areas, including remote locations. The partnership is expected to improve serviceability, delivery efficiency and market reach. It also reflects the growing role of India Post in supporting e-commerce logistics, following a similar agreement signed with Amazon India in the past.Read more

4 hours ago

Mahindra Lifespace Developers Ltd reported a strong start to FY27, with residential sales bookings more than doubling to INR 925 crore during the June quarter, supported by sustained housing demand. The company also recorded higher customer collections, expanded its project launches, and handed over 957 homes during the quarter. Alongside robust operational performance, Mahindra Lifespace posted significant growth in revenue and net profit. The developer continues to strengthen its residential portfolio while expanding its integrated developments and industrial clusters across multiple locations in India.Read more

4 hours ago

V-Mart Retail reported a 40.5% year-on-year increase in net profit for the first quarter of FY27, supported by improved operating performance and strong revenue growth. Revenue from operations rose 23% during the quarter, while total income also recorded healthy growth. The value retailer continued its expansion by opening 15 new stores and closing one underperforming outlet. With 591 stores spread across 50 lakh square feet of retail space, the company maintained its focus on strengthening its presence across India despite higher operating expenses.Read more

5 hours ago

The Union Budget 2026-27 places strong emphasis on infrastructure-led growth beyond India's metropolitan centres, with higher capital expenditure and a new City Economic Region (CER) framework aimed at accelerating development in Tier-2 and Tier-3 cities. While the Budget prioritises transport, urban infrastructure and governance reforms, it stops short of announcing fresh tax incentives for homebuyers or granting infrastructure status to the real estate sector. Here are five major developments that could shape the future of India's emerging urban centres.Read more

5 hours ago

Sri Lanka's stock market closed marginally higher after gains in information technology and real estate stocks lifted investor sentiment. The CSE All-Share Index advanced 0.24%, while SMB Finance PLC and Carson Cumberbatch PLC emerged as the top gainers. Despite the positive close, trading activity declined sharply, with both share volumes and market turnover falling from the previous session. Foreign investors remained net sellers, whereas domestic investors continued to support the market through net purchases, according to exchange data.Read more

5 hours ago

The Securities and Exchange Board of India (Sebi) has imposed penalties totalling INR 7.5 crore on 21 entities, including former Axis Mutual Fund fund manager Viresh Joshi, in a front-running case linked to trades executed between September 2021 and March 2022. The regulator has also barred the entities from accessing the securities market for up to seven years, directed the disgorgement of INR 30.56 crore along with 12 per cent annual interest, and concluded that the accused worked in coordination to misuse confidential trading information, compromising market integrity and investor confidence.Read more

6 hours ago

The Comptroller and Auditor General (CAG) has reported that the West Bengal Industrial Development Corporation Limited (WBIDCL) incurred a loss of INR 12.86 crore while allotting land to Instakart Services, the logistics arm of Flipkart, at Haringhata Industrial Park in Nadia district. The audit found that the corporation calculated the lease premium using the total acquired land area instead of the actual developable land, contrary to its own pricing policy. The report, tabled in the West Bengal Assembly, states that the pricing overlooked nearly 56 acres of water bodies that were unsuitable for industrial development. The state government defended the pricing methodology, but the auditor maintained that the allotment resulted in a financial shortfall for the state's industrial development agency.Read more

6 hours ago

The Enforcement Directorate (ED), Mumbai Zonal Office, has provisionally attached two immovable properties valued at INR 332.24 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with its investigation involving M/s Rang Sharda Hotels Pvt. Ltd. and others. The attachment is part of the agency's ongoing probe into alleged financial irregularities and suspected proceeds of crime. The action is intended to preserve identified assets while the investigation and related legal proceedings continue under the provisions of the PMLA.Read more

7 hours ago

Digital Realty Trust has raised its full-year adjusted funds from operations (FFO) and revenue forecast after reporting strong second-quarter results, supported by sustained demand for data centres from cloud and artificial intelligence (AI) customers. The real estate investment trust (REIT) recorded higher revenue and earnings that exceeded market estimates, reflecting continued leasing momentum. The company is also expanding its footprint through strategic investments, including a USD 3.5 billion deal to increase its stake in data centres in Northern Virginia, one of the world's largest data centre markets.Read more

7 hours ago

REC Ltd reported a more than 6% year-on-year decline in its consolidated net profit for the first quarter of FY27, mainly due to lower interest income from loan assets. The state-owned finance company also recorded a fall in total income during the quarter compared to the corresponding period last year. Alongside its financial results, the company's board approved the first interim dividend for FY27 and announced the record and payment dates for both the interim dividend and the final dividend for FY26, providing clarity to shareholders on upcoming payouts.Read more

8 hours ago

The Maharashtra government has approved a five-star rating system for 623 public hospitals to evaluate and publicly display the quality of healthcare services across the state. Covering district, sub-district, rural, women's, general, trauma care and Employees' State Insurance hospitals, the initiative aims to improve service standards, increase transparency and strengthen accountability in government healthcare institutions. The ratings are expected to help patients make informed choices while encouraging hospitals to continuously enhance the quality of medical care.Read more

8 hours ago

Mumbai is set to develop India's first travelator-equipped skywalk integrating Metro, Monorail and suburban railway services into a single pedestrian corridor. The project aims to improve last-mile connectivity, reduce interchange time and provide safer, weather-protected movement for commuters between major transit systems. By creating a seamless multimodal transport link, the initiative is expected to enhance passenger convenience, encourage greater use of public transport and support Mumbai's broader urban mobility and infrastructure development goals.Read more

9 hours ago

Knowledge Realty Trust has reported strong operational and financial performance following its initial public offering, with revenue increasing by more than 16% and both EBITDA and net operating income (NOI) rising 18%. The office real estate investment trust (REIT) continues to maintain 92% occupancy across its portfolio, while advancing 2.6 million sq ft of developments. The REIT also retains a conservative leverage level of 18%, providing capacity for future acquisitions as demand for Grade A office assets remains resilient.Read more

9 hours ago

The Odisha Real Estate Appellate Tribunal (REAT) has dismissed an appeal filed by a promoter challenging an order issued by the Odisha Real Estate Regulatory Authority (ORERA), reinforcing the authority's decision in the matter. The tribunal found no grounds to interfere with the regulator's ruling, underscoring the legal obligation of promoters to comply with the provisions of the Real Estate (Regulation and Development) Act, 2016. The decision highlights the appellate body's role in upholding regulatory oversight and strengthening accountability within Odisha's real estate sector.Read more

10 hours ago

Prism, the parent company of OYO, has begun investor roadshows for its proposed INR 6,650 crore initial public offering (IPO), with discussions largely centred on its acquisition-led growth strategy. An analysis of the company's financials shows that its two largest acquisitions,G6 Hospitality in the US and Europe's OVH currently contribute only about 20% of its EBITDA, while nearly 80% has been generated through operational improvements after integration. The company has also reported strong growth in bookings, profitability and international operations, particularly in the US and Europe, ahead of its planned market debut.Read more

10 hours ago

Engineers India Ltd (EIL) has signed a memorandum of understanding (MoU) with the Directorate General of Maritime Administration (DGMA) to provide engineering consultancy, technical advisory and project management services for maritime infrastructure projects across India. The partnership will focus on project planning, feasibility studies, technology integration, infrastructure development and capacity enhancement. It also aligns with the government's efforts to modernise the country's maritime sector through improved efficiency, sustainable practices and advanced technologies. The collaboration brings together EIL's engineering expertise and DGMA's regulatory role to support long-term maritime infrastructure development.Read more

11 hours ago

Silverstorm Parks and Resorts has opened its INR 82.43 crore initial public offering (IPO) for public subscription after raising nearly INR 21.97 crore from anchor investors. The Kerala-based leisure and amusement park operator plans to use the proceeds to develop a new snow park and family entertainment centre in Lucknow, upgrade its existing Athirappilly theme park, repay debt and meet general corporate requirements. The company, which operates entertainment destinations in Kerala and Jharkhand, reported strong financial growth in FY26 and is expected to list on the BSE SME platform later this month.Read more

11 hours ago

Construction of Jaipur Metro Phase 2 has commenced after Rajasthan Chief Minister Bhajanlal Sharma launched work on the INR 13,370 crore project. The 41-km metro corridor will feature 36 stations, connecting Prahladpura in Sitapura to Todi Mod across Jaipur. The route will improve access to the airport, railway stations, hospitals, educational institutions and industrial areas. Scheduled for completion by September 2031, the project is expected to expand the city's urban transport network and improve connectivity across key residential and commercial zones.Read more

12 hours ago

Grovy India Limited, a BSE-listed real estate developer headquartered in South Delhi, reported a 74% year-on-year increase in net profit to INR 1.9 crore for the first quarter of FY27, supported by strong project execution and higher revenue. Total revenue surged 233% year-on-year to INR 27.58 crore, while sequential performance also improved significantly. During the quarter, the company acquired three premium residential projects covering around 50,000 sq. ft. in South Delhi and continued work on 10 ongoing developments spanning 1.83 lakh sq. ft. Looking ahead, the developer plans to expand its annual project pipeline, supported by its collaboration with Golden Growth Fund, and is targeting a future listing on the National Stock Exchange, subject to regulatory approvals and market conditions.Read more

12 hours ago

Equities have surpassed real estate as the largest contributor to US household wealth for the first time since World War II, according to a Goldman Sachs report. The investment bank said strong stock market gains, particularly since the global financial crisis, have significantly increased household exposure to equities, with technology stocks playing a major role. While this shift has supported consumer spending through rising wealth, Goldman cautioned that higher equity exposure also increases the risk of financial losses if markets witness a sharp correction amid elevated valuations and economic uncertainty.Read more

13 hours ago

The Jammu and Kashmir government has approved an INR 15.22 crore project to upgrade the Kathua Grid Station to strengthen the region's power transmission network. The project includes increasing the station's capacity and carrying out related infrastructure works to meet rising electricity demand. The upgrade is expected to improve transmission reliability, reduce overloading, and ensure a more stable electricity supply for Kathua and nearby areas. The initiative is part of the government's ongoing efforts to modernise the Union Territory's power infrastructure and support economic growth through better electricity services.Read more

13 hours ago

Juniper Green Energy will open its INR 1,800 crore initial public offering (IPO) for public subscription on July 30, with the issue closing on August 3. The offering consists entirely of a fresh issue of equity shares and does not include an offer-for-sale component. The company plans to use the proceeds primarily to reduce debt at both the parent and subsidiary levels, while also supporting general corporate requirements. Backed by Singapore-based AT Capital Group, Juniper Green Energy has been expanding its renewable energy portfolio, including utility-scale solar, wind, hybrid and battery energy storage projects across India.Read more

14 hours ago

Finance Minister Nirmala Sitharaman has asked Income Tax officials to ensure a taxpayer-friendly approach for honest taxpayers while taking strict action against deliberate tax evasion. Speaking at the 167th Income Tax Day celebrations, she outlined five priorities for responsive tax governance and highlighted the role of the newly implemented Income Tax Act, 2025 in simplifying tax laws. She also stressed reducing tax litigation, improving refund processing, strengthening tax certainty, and using technology to deliver faster and more efficient taxpayer services as India's economy continues to expand.Read more

14 hours ago

Protests against a proposed luxury resort linked to Jared Kushner intensified in Albania after demonstrators clashed with police outside Parliament. Authorities used water cannons and tear gas after protesters threw eggs and bottles during demonstrations that have continued for nearly two months. Activists claim the project threatens a protected wetland and reflects wider governance concerns, while the government has dismissed the movement as politically motivated. The controversy has also drawn attention after reports of an investigation into land transactions connected to the project, although those involved have denied any wrongdoing.Read more

15 hours ago

Manipal Health Enterprises Ltd, backed by Temasek, plans to strengthen its presence across key healthcare markets as it prepares to launch its INR 9,275 crore initial public offering. The hospital chain is exploring acquisition opportunities in Kerala, Hyderabad and the National Capital Region while also expanding through greenfield and brownfield projects. A large part of the IPO proceeds will be used to reduce debt, particularly borrowings linked to the Sahyadri Hospitals acquisition. The company also plans to add around 3,000 beds over the next three years and commission a new hospital in Mumbai.Read more

15 hours ago

India's long-term growth in natural gas consumption will depend on expanding transmission and distribution infrastructure, reforming gas pricing and market regulations, and increasing investment in gas-intensive industries, according to a new report by the International Gas Union (IGU). While the country has significantly increased its LNG regasification capacity, inadequate midstream infrastructure and market constraints continue to limit gas adoption. The report also highlights India's dependence on LNG and LPG imports, particularly through the Strait of Hormuz, and notes that recent geopolitical disruptions have exposed vulnerabilities in the country's energy supply chain. It says lower global LNG prices alone will not boost gas demand unless accompanied by infrastructure development, market liberalisation and regulatory reforms.Read more

16 hours ago

Bank of Baroda reported a 48% year-on-year decline in its consolidated net profit for the June quarter of FY27 after making a one-time settlement payment of nearly INR 5,680 crore in the long-running NMC Group dispute in the UAE. The lender said the out-of-court settlement was a commercially prudent decision and does not create any future liability. Despite the exceptional impact, the bank maintained healthy loan and deposit growth, retained its FY27 guidance, strengthened its international business strategy, and continued to report stable asset quality and capital adequacy.Read more

16 hours ago

ACME Solar Holdings has operationalised an additional 2.29 GWh of Battery Energy Storage System (BESS) capacity in Rajasthan during the current financial year, taking its total operational storage capacity to 3.62 GWh across three project sites in the state. The expansion strengthens the company's energy storage portfolio and supports the integration of renewable energy into the grid. Battery energy storage systems play a key role in improving grid reliability, balancing intermittent renewable power generation and supporting India's growing clean energy and energy transition goals.Read more

17 hours ago

The Union Cabinet has approved the BHAVYA-Rasayan Scheme with a financial outlay of INR 3,030 crore to establish three dedicated chemical parks across India. Announced in the Union Budget for FY2026–27, the scheme aims to strengthen the country's chemical manufacturing ecosystem by creating common infrastructure and utilities. The Centre will provide up to INR 1,000 crore for each park, while the respective state governments will contribute at least INR 500 crore. The initiative is expected to attract significant private investment, improve logistics efficiency, and support the growth of upstream, downstream and ancillary industries.Read more

Indore News Desk

27 Jul 2026

The Indore Municipal Corporation (IMC) has constituted a five-member committee to investigate the alleged unauthorised transfer of 356 property tax accounts. The panel will examine how the transfers were processed, identify procedural lapses and recommend corrective measures where necessary. The inquiry is expected to strengthen oversight of municipal property records, improve accountability in property tax administration and safeguard the integrity of ownership-related data maintained by the civic body.Read more

27 Jul 2026

Adani Energy Solutions Ltd (AESL) has secured an INR 8,500 crore power transmission project in Andhra Pradesh through the Centre's tariff-based competitive bidding process. The project will strengthen power infrastructure for upcoming green hydrogen and green ammonia facilities in the Visakhapatnam region while supporting rising electricity demand from new data centres and digital infrastructure. To be executed through a special purpose vehicle, the project will add 1,582 circuit kilometres of transmission lines and 10,500 MVA of transformation capacity, further expanding AESL's nationwide transmission network.Read more

27 Jul 2026

Telangana Chief Minister A. Revanth Reddy has directed officials implementing the Indiramma Housing Scheme to prioritise the construction of affordable homes within established residential areas and close to beneficiaries' workplaces instead of developing housing on city outskirts. The directive aims to reduce commuting time, safeguard livelihoods and improve access to urban infrastructure and public services. The state government has also instructed officials to identify suitable government land for the programme and accelerate implementation. The move forms part of Telangana's broader affordable housing strategy, which seeks to deliver housing that is better integrated with existing urban neighbourhoods while ensuring improved quality of life for economically weaker sections.Read more

27 Jul 2026

Retail space leasing across shopping malls and high streets in Delhi-NCR rose 78% year-on-year to 1.3 million sq. ft. during the first half of 2026, driven by robust expansion by fashion retailers, food and beverage (F&B) operators and department stores, according to Cushman & Wakefield. Mall leasing more than doubled during the period, while leasing in high streets recorded moderate growth. The consultancy attributed the momentum to sustained retailer demand for quality retail assets, with vacancies in Grade A malls remaining low. Industry executives said expanding organised retail, improving infrastructure and the emergence of new consumption corridors across the National Capital Region are supporting long-term growth in the retail real estate market.Read more

27 Jul 2026

Miramar Hotel and Investment Co Ltd has entered into a joint venture to acquire a 50% interest in the MPM Plaza property. The company said the joint venture was formed over the past week, with the total capital requirement for the venture expected to be HKD 400 million. The funding will be contributed equally by both partners in a 50:50 ratio. The transaction is part of the company's property investment strategy and expands its presence in the real estate sector through a jointly owned commercial asset.Read more

27 Jul 2026

Road safety experts have stressed the need for practical, affordable and evidence-based measures to improve road safety across India, particularly in urban areas where most crashes occur due to poor road design. Speaking at a conference organised by the India chapter of the International Road Federation, experts said interventions such as better road markings, improved street lighting, raised pedestrian crossings, roundabouts and safer intersections can significantly reduce accidents. They also highlighted the role of technology and global best practices in creating safer roads while improving mobility for all users.Read more

27 Jul 2026

Co-living operator Union Living expects to more than double its revenue to INR 85–90 crore in FY27 as it expands its managed rental housing portfolio across key urban markets. The Mumbai-based company, which reported revenue of INR 38 crore in FY26, has accelerated capacity additions, particularly in Pune, where it has added 1,000 beds since April. Union Living currently operates 16 co-living centres across Mumbai, Pune, Ahmedabad and Gurugram, offering around 3,000 beds for students and working professionals. The company plans to increase its capacity to 4,000 beds by March 2027, supported by a build-to-suit development model and growing demand for professionally managed rental accommodation.Read more

27 Jul 2026

A fire that broke out in a residential high-rise in Thane led to the evacuation of around 80 residents as emergency teams carried out rescue and firefighting operations. The blaze, which reportedly originated in the building's electrical duct, was brought under control without any loss of life. Authorities also rescued a resident trapped inside a lift during the incident. Officials have launched an inquiry into the cause of the fire while assessing the extent of damage to the building's electrical infrastructure.Read more

27 Jul 2026

Consumer expectations from shopping malls in India have evolved beyond conventional retail, with destinations increasingly combining shopping, dining, entertainment and lifestyle experiences. Phoenix Palladium in Mumbai has positioned itself within this segment by offering a mix of international and domestic brands, restaurants, entertainment venues and year-round events. Spread across approximately 2.1 million sq. ft., the destination houses more than 650 brands and over 50 dining outlets. The development illustrates the broader transformation of India's organised retail sector, where developers are focusing on integrated, experience-led environments to attract longer visitor stays and repeat footfall.Read more

27 Jul 2026

Morgan Stanley Real Estate Investing (MSREI) has expanded its presence in the European logistics sector by acquiring a portfolio of five fully leased logistics assets across key French markets. Spread across Paris, Lille, Bordeaux, Nîmes and Tours, the portfolio covers nearly 160,000 square metres and will be managed with a long-term value creation strategy. FIRE Asset Management has been appointed as the operating partner. The acquisition reflects MSREI's continued focus on industrial and logistics real estate, supported by strong occupier demand and favourable market fundamentals in France.Read more

27 Jul 2026

Haryana Chief Minister Nayab Singh Saini has directed officials to prioritise cleanliness, planned urban development and civic infrastructure in Gurugram, while reviewing public grievances related to housing, utilities and environmental compliance. During a review meeting, he instructed authorities to ensure the scientific disposal of construction and demolition (C&D) waste, improve basic amenities in regularised colonies and prevent builders from disconnecting electricity supplies over maintenance disputes. The Chief Minister also set a one-month deadline to eliminate open dumping of C&D waste across the city and called for stricter enforcement against violations. The directions form part of the state government's efforts to strengthen urban governance and improve civic infrastructure in Gurugram.Read more

27 Jul 2026

Mumbai Metro Line 2B has reached another construction milestone with the successful installation of the first 70-tonne back-span pier segment of the Bandra Railway Over Bridge. The development marks the beginning of steel superstructure work on one of the city's most complex cable-stayed bridges. Being built over the Western Express Highway and the Western Railway corridor near Bandra Railway Station, the project is progressing while rail and road traffic remain operational. Once completed, Metro Line 2B will improve east-west connectivity, reduce travel time and integrate with several major transport networks across Mumbai.Read more

27 Jul 2026

Global capability centres (GCCs) continue to strengthen India's commercial real estate market, with foreign companies leasing 104.6 million square feet of Grade A office space across seven major cities since 2022, according to Colliers India. The report highlights that India remains the preferred destination for multinational firms due to its skilled workforce, cost advantage and technology ecosystem. GCCs accounted for 37 per cent of total office leasing during the period, while their share rose to 46 per cent in the first half of this year, reflecting their growing role in driving office demand.Read more