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Amfi May Label REITs as Equity in January 2026 Rejig

MUMBAI: According to Nuvama Alternative & Quantitative Research, Knowledge Realty Trust (KRT), Embassy Office Parks, Mindspace Business Parks, Nexus Select Trust, and Brookfield may be classified under equity categories in the upcoming reclassification by the Association of Mutual Funds in India (AMFI) scheduled for January 2026. Recently, the Securities and Exchange Board of India (SEBI) redefined Real Estate Investment Trusts (REITs) as ‘equity-related instruments’ to encourage greater participation from mutual funds. If REITs are moved to the equity categories by the mutual fund industry body, KRT and Embassy may be categorized as mid-caps, while Mindspace, Nexus, and Brookfield could be…

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Amaravati’s Buildings to Feature Unique Designs: AP CM

VIJAYAWADA: Chief Minister N. Chandrababu Naidu announced on Thursday that Amaravati is being developed into a creative city, characterized by unique architecture and lush greenery. While chairing the 55th CRDA Authority meeting, he highlighted that comprehensive studies on architectural standards have been completed for the capital, emphasizing the need for construction speed and quality to go hand in hand. The CRDA Authority approved key projects, including the construction of Lok Bhavan, a governor’s residence complex with a budget of Rs 169 crore. They also sanctioned a Rs 7,380 crore loan from NABARD for infrastructure development in Amaravati. Additionally, tenders worth…

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RBI Cuts Key Rate to 5.25% Amid Strong GDP and Low Inflation

MUMBAI: On Friday, the Reserve Bank of India announced a reduction of 25 basis points in the policy repo rate, lowering it to 5.25 percent. This decision was shared by RBI Governor Sanjay Malhotra following the conclusion of a three-day Monetary Policy Committee (MPC) meeting that took place from December 3 to 5. The Governor noted that the MPC conducted a comprehensive review of the changing macroeconomic landscape and future forecasts before reaching a unanimous agreement on the rate cut, which takes effect immediately. During the announcement, the Governor stated, “The MPC convened on December 3rd, 4th, and 5th to…

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Brookfield India REIT Initiates QIP for ₹3,500 Crore

NEW DELHI: Brookfield India Real Estate Trust is set to raise up to Rs 3,500 crore through the sale of units to institutional investors. On Thursday, the company initiated its Qualified Institutional Placement (QIP) issue to generate funds. Recently, unitholders of Brookfield India Real Estate Trust endorsed a proposal to secure funding through one or more institutional placements. According to a regulatory announcement, the issue committee of Brookprop Management Services Pvt Ltd, which manages Brookfield India REIT, has authorized the opening of the QIP issue on December 4, 2025, to start receiving bids. The panel also approved a floor price…

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DDA Faces ₹17,000 Crore in Liabilities, 34,000 Flats Unsold

Representative image NEW DELHI: As of March this year, the liabilities of the Delhi Development Authority (DDA) totaled approximately Rs 17,000 crore, the Lok Sabha was informed on Thursday. Union Minister of State for Housing and Urban Affairs, Tokhan Sahu, stated in a written response that the DDA has confirmed that all liabilities are paid promptly. The minister noted that no instances of mismanagement or administrative inefficiency have been observed within the land-owning agency. According to the data provided, DDA’s liabilities amounted to Rs 16,987.98 crore as of March 31, 2025. The agency also updated its housing inventory statistics in…

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Minister suggests potential third phase for Amaravati land pooling

Representative AI image VIJAYAWADA: Municipal Administration Minister P Narayana announced the continuation of the Land Pooling Scheme (LPS) to facilitate land acquisition for future capital city projects. In a media briefing on Wednesday, he stated that the action plan for the next phase will be disclosed upon the completion of phase-II, which was initiated two days ago. During his address, Narayana confirmed that the government has issued orders for pooling 16,666 acres in phase-II, designated for the railway track, railway station, Inner Ring Road (IRR), and a sports city. He mentioned that additional land might be necessary for the proposed…

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Minister Urges Panchkula Chief to Address Poor Plot Issues

Representative Image PANCHKULA: Haryana’s urban local bodies minister, Vipul Goel, instructed the Panchkula municipal commissioner on Wednesday to promptly address the longstanding issue of allotting 100-yard residential plots to underprivileged families under the Mahatma Gandhi Awas Yojana. He also called for the handover of 24 model houses built in Pinjore under the Adarsh Pradarshan Awas Yojana. These directives were given after a delegation from the Shivalik Vikas Manch met with him and submitted a memorandum. The president of the Manch, Vijay Bansal, reported that the minister urged the commissioner to resolve the matter swiftly. Bansal expressed concern, stating, “Despite the…

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Telangana Raises ₹1,000 Crore from Neopolis Land Auction

Representative AI image HYDERABAD: The Telangana government continues to thrive in land sales, recording approximately Rs 1,000 crore on Wednesday through the third round of auctions conducted by the Hyderabad Metropolitan Development Authority (HMDA), surpassing the Rs 100 crore per acre milestone. In the recent auction, Yula Constructions LLP and Globus Infracon LLP secured a 4-acre plot (No. 19) with a winning bid of Rs 131 crore per acre, while Brigade Enterprises Limited acquired another 4.04-acre plot (No. 20) for Rs 118 crore per acre. Cumulatively, HMDA’s earnings from all three phases of the Kokapet auctions now total Rs 3,708…

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Mahindra Lifespaces to Revamp Matunga Residential Project

Representative AI image NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group’s real estate and infrastructure development sector, has been appointed as the development partner for a residential redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres and boasts a gross development value of around ₹1,010 crore. According to its investor presentation, Mahindra Lifespaces plans to execute a bottom-up strategy that includes several new launches and ongoing projects through FY30. Projected new launches are expected to represent 50–75% of annual execution in the next five years, with an increase from ₹2,804 crore in FY25 to ₹9,500…

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Address Maker Raises ₹200 Crore from AI Growth Partnership

NEW DELHI: Address Maker, based in Bengaluru, has announced a partnership with AI Growth. Under this alliance, AI Growth, via its affiliated companies, will provide a rolling capital framework of ₹200 crore to assist Address Maker in land acquisitions, joint development agreements (JDA), and project financing needs. Khushru Jijina from Address Maker remarked, “Our company has successfully delivered 6.7 million sq ft of residential apartments, villas, commercial spaces, and plotted developments in Bengaluru, with an additional 5.2 million sq ft currently in the pipeline.” Published On Dec 3, 2025 at 10:15 AM IST Join a community of over 2 million…