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Mumbai Builders Meet Civic Chief to Address Real Estate Issues

Representative image MUMBAI: In a significant step, leading developers and architects from organizations like CREDAI-MCHI, NAREDCO, BDA, and PEATA met with municipal commissioner Bhushan Gagrani on Friday. They addressed challenges hindering the real estate sector. The civic chief announced the establishment of a steering committee that will include representatives from these organizations and BMC officers from various departments. This committee will convene bi-weekly to tackle sector-related issues. As per a press release, meetings will be led by Chandrashekhar Undage, the deputy chief engineer in the commissioner’s office. “The commissioner has assured us of his attendance at these meetings monthly. This…

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RBI Exempts SWAMIH Fund from AIF Rules

BENGALURU: The Reserve Bank of India has announced a waiver of its stringent regulations concerning alternate investment funds (AIF) for a government-supported real estate rescue fund, as disclosed in a notification on Friday. The fund, named the Special Window for Affordable and Mid-Income Housing (SWAMIH), was established in 2019 to assist struggling real estate projects with debt financing for halted housing initiatives. SWAMIH is managed by SBICAP Ventures, a subsidiary of the government-owned State Bank of India, which is also a significant investor in the fund. Last year, the RBI mandated that banks and non-banking finance companies increase their provisions…

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Indian Real Estate Hits $2.9B with 42 Transactions in Q3

India’s real estate sector is undergoing significant institutionalisation, with a surge in participation from investors, developers, and funds. This trend culminated in a record September quarter, marked by the highest-ever quarterly deal volume and value. Increased interest from domestic and global institutions, exemplified by a series of large mergers, acquisitions, and listings, underscores a growing confidence in the sector’s stability and earnings potential. According to Grant Thornton Bharat, the sector achieved a remarkable 42 transactions valued at $2.9 billion during the quarter, representing the highest quarterly deal volume to date. This included nine public market transactions: five initial public offerings…

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Protest for Oran Land Registration in Jaisalmer Concludes

JAISALMER: The 34-day protest advocating for the formal recognition of Oran-Gochar land concluded late Sunday night following successful discussions between the Oran representatives and the district administration. The negotiations took place at the Jaisalmer Collectorate, attended by local MLA Chhotusingh Bhati, Pokaran MLA Mahant Pratappuri, district collector Pratap Singh, and members of the Oran team. After thorough discussions, the administration consented to most demands, promising that the registration of Oran land in official records would be completed in three months. Pratap Singh highlighted that this initiative marks a historic change for the region. “The administration has submitted proposals to the…

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Nagpur: Officials to Assess Laxmi Nagar Fire Damage

NAGPUR: Following a significant fire that destroyed the ground floor of a commercial-residential building containing Reliance Fresh Mart at Aath Rasta Chowk, Laxmi Nagar, senior officials from the Nagpur Municipal Corporation (NMC) visited the site on Wednesday to initiate an inquiry into potential unauthorized constructions and fire safety violations. Additional Commissioner Vaishnavi B and Deputy Commissioner Milind Meshram, who is also overseeing the Laxmi Nagar zone, assessed the damaged building and spoke with residents and firefighters. Their visit comes amid rising concerns regarding encroachments in the basement and parking area, where the fire reportedly began. According to sources, the building,…

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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…