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Mindspace REIT Plans 7-8 Million Sq Ft Expansion in 4 Years

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has shown remarkable operational performance with an occupancy rate nearing 94% as of the last quarter report. The REIT’s existing portfolio encompasses 30 million sq ft of completed space, alongside an additional 7-8 million sq ft currently under construction, expected to be finalized in the next two to four years, raising the total planned portfolio to around 38 million sq ft. The company maintains a steady loan-to-value (LTV) ratio between 25% and 26%, feeling secure up to 35% before considering capital expansion. Additionally, it has consistently secured a solid 20% re-leasing spread…

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$3.9B Flow into Indian Real Estate from Private Equity (Jan-Sept 2025)

NEW DELHI: According to Savills India, a leading global real estate consulting firm, private equity investments in the Indian real estate sector reached USD 1.5 billion (₹131 billion) in Q3 2025. This marks a 32% decline compared to the previous year, yet the overall activity remains strong, with year-to-date (YTD) inflows totaling USD 3.9 billion (₹334 billion), closely approaching 2024’s figures. During Q3 2025, the office sector dominated investment, attracting USD 0.6 billion (₹52 billion), or 39% of total inflows, followed by data centers at 38%. The residential segment made up 20%, and co-living, though modest at 1%, is emerging…

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Real Estate, NBFCs Drive Salary Growth by 2026: Aon Study

NEW DELHI: A recent study by Aon, a global professional services firm, predicts a 9% salary increase across India by 2026, primarily fueled by robust growth in the real estate and non-banking financial company (NBFC) sectors. Driving Talent Demand: Real Estate and Infrastructure The real estate and infrastructure sectors are expected to see significant salary increases of 10.9% in 2026, slightly up from 10.5% in 2025. This growth is attributed to government capital investments, real estate market recoveries, and increasing institutional involvement. Roopank Chaudhary, a partner at Aon, stated that investments in infrastructure and policy reforms are boosting hiring. “Real…

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6.5 Lakh Illegal Properties in Bengaluru to Receive E-Khata

BENGALURU: Approximately 6.5 lakh owners of unauthorized properties in gram panchayats across three districts near Bengaluru are set to qualify for e-khatas under the government’s ambitious e-Swathu initiative. This program aims to provide legal documentation for over 95 lakh illegal properties statewide. Data from the Rural Development and Panchayat Raj (RDPR) department reveals that about 2.8 lakh properties in Bengaluru Urban and 1.8 lakh each in Bengaluru Rural and Bengaluru South districts are eligible for e-khatas through the e-Swathu program, which was launched last week. In Bengaluru Urban district, there are around 8.2 lakh properties, with roughly 5.4 lakh already…

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Telangana Eyes More Land Auctions After ₹3,135-Crore Raidurg

Representative image Following a record-breaking Rs 3135 crore from its recent land sale in Raidurg, the Telangana government is quickly moving to auction another prime parcel. This new auction, located in Hyderabad’s Knowledge City Layout, reflects the state’s ongoing efforts to monetize valuable urban land amid escalating investor interest in the city’s western corridor. The upcoming auction, set to raise Rs 200 crore, will feature approximately 4,718 square yards of multi-use land in Survey No. 83/1 at Raidurg Panmaktha in Serilingampally mandal, Ranga Reddy district. With an upset reserve price of ₹3.10 lakh per square yard, the e-auction is scheduled…

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Ahmedabad Urges Developers to Maintain Percolation Wells for BU Permit

AHMEDABAD: The Ahmedabad Urban Development Authority (Auda) has reinforced its commitment to groundwater recharge by adding new conditions for granting building use (BU) permission. During a recent meeting, its board decided that developers must maintain percolation wells on their sites to obtain BU permission. Developers are now required to install a percolation well and provide a notarized affidavit stating, “The percolation well and the rainwater harvesting system are operational, and we will ensure their ongoing functionality.” Only after this will Auda grant BU permission. The original requirement for percolation wells in constructions exceeding 500 sq m was established in the…

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Nimbus Projects Gains ₹1,100 Crore Potential from UP Order

The Uttar Pradesh Industrial Development Authority (UPIDA) has instructed the Yamuna Authority to amend the land allotment for Nimbus Projects, granting an additional 1.1 million sq. ft. with a development potential valued at ₹1,100 crore. Following the company’s revision petition, the Principal Secretary of the Industrial Development Department, Uttar Pradesh Government, has directed the Yamuna Expressway Industrial Development Authority to reassess the land allocation, considering the interest previously paid by Nimbus. The revision petition was initiated after the company surrendered 55,219.178 sq. m. of a total of 102,995.70 sq. m. under the Project Settlement Policy (PSP). The Principal Secretary’s order,…

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Private Equity in Indian Real Estate Drops 15% in H1 FY26

NEW DELHI: Private equity (PE) investments in India’s real estate sector showed signs of moderation in the first half of FY26, with overall inflows decreasing by 15% year-on-year compared to the same period last year, as reported by Anarock Capital. Total PE inflows reached USD 2.2 billion in H1 FY26, down from USD 2.6 billion in H1 FY25. Despite a decline in the number of transactions, average deal sizes remained stable, falling within the range of USD 60–100 million. “Q1 FY26 had a promising showing; however, enthusiasm waned as we moved into the second quarter. Evaluating the entire fiscal year,…

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Charity Commissioner Maintains ‘Status Quo’ on Jain Trust Sale

PUNE: Maharashtra’s Charity Commissioner, Amogh Kaloti, has ordered a ‘status quo’ on the sale of a significant property in Pune’s Model Colony that currently houses a longstanding Jain boarding facility and the Mahavir Digambar Jain Temple. This decision comes amidst opposition from various factions within the Jain community, who have protested and sought legal intervention to halt the transaction. The prestigious 12,000 square metre property (3.5 acres), owned by the Seth Hirachand Nemchand Smarak Trust, which has been in operation since 1958, was sold to Gokhale Constructions for ₹311 crore. Advocate Yogesh Pandey, representing the petitioning group, argued, “The HND…

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Bengaluru Authority Creates Ward-Level Plan to Cut Emissions

Representative AI image BENGALURU: The Greater Bengaluru Authority’s Climate Action Cell (CAC) is developing a ward-level climate action plan for Bengaluru. As part of this initiative, 10 wards across five city corporations will be selected, and a specific ward climate action plan (WCAP) will be created for each. These plans will offer a comprehensive overview of current environmental conditions, primary challenges, potential solutions, and a prioritized list of actions to ensure effective execution. The CAC is forming a working group to spearhead this project. According to the recent stakeholder meeting, this group will provide technical and sectoral expertise, assist with…