IndustryLatest Stories

Tata Realty & DBS Bank India ink ₹1,280 crore green loan

Representative AI image NEW DELHI: Tata Realty & Infrastructure (TRIL) in collaboration with DBS Bank India has secured a green loan facility worth ₹1,280 crore. In this transaction, DBS Bank India served as the sole advisor and green loan coordinator. The loan has been obtained by a special purpose vehicle (SPV) focused on developing Intellion Park in Gurugram. As India’s real estate sector expands, ESG-linked and climate-focused financing tools are becoming increasingly vital. A new white paper from Sundaram Alternates indicates that the real estate market is responsible for nearly 40% of global energy-related CO₂ emissions, underscoring the importance of…

IndustryLatest Stories

Mt K Kapital Unveils $450M Real Estate Fund for Major Cities

NEW DELHI: Mt K Kapital, a real estate investment management firm, has launched its second fund with a target of USD 450 million. This fund receives backing from both general and limited partners. The firm’s objective with this new fund is to invest in projects during the acquisition stage, focusing on locations such as Mumbai, NCR, Pune, and Bengaluru. The target for fund deployment is set for early 2026. Boman Irani, CMD of Rustomjee Group, remarked, “The initial fund, a ₹790 crore MMR-focused initiative, has set a precedent in underwriting, project oversight, and investor relations.” Published On Nov 27, 2025…

IndustryLatest Stories

HDFC Capital, Hero Realty Launch ₹1,000 Crore Housing Fund

Representative AI image NEW DELHI: HDFC Capital Advisors, the private equity arm of HDFC Group, has launched a ₹1,000 crore platform in collaboration with Hero Realty, the real estate division of Hero Enterprise, aimed at developing housing projects in tier-I and tier-II cities across India. Currently, Hero Realty is working on five projects with a total potential of 6.4 million sq ft, along with an additional eight million sq ft in five projects planned for the future. Vipul Roongta, MD & CEO of HDFC Capital, stated, “This partnership will facilitate housing development in well-connected towns that serve as extensions of…

IndustryLatest Stories

ASK CLAF-I Partners with Amavi by Clarks for ₹500 Crore Fund

NEW DELHI: The ASK Curated Luxury Assets Fund-I (CLAF-I), a partnership between ASK Property Fund and India Sotheby’s International Realty, has launched a ₹500 crore equity platform with Amavi by Clarks, focusing on branded residences. This collaboration is set to invest in equity for luxury second homes located in scenic hills, serene lakes, and spiritual destinations. ASK CLAF-I is registered with the Securities and Exchange Board of India (SEBI) as a Category-II Alternative Investment Fund (AIF) under relevant regulations. The fund aims to raise ₹1,500 crore overall, which includes a green shoe option of ₹500 crore for its final closing.…

IndustryLatest Stories

Ghaziabad fines builders for storing materials outdoors

Here’s the rewritten content: GHAZIABAD: The Ghaziabad Development Authority (GDA) has imposed fines of Rs 20,000 on two developers for unlawfully storing construction materials outdoors, breaching construction and demolition waste regulations and directives from the National Green Tribunal (NGT). According to GRAP-3 guidelines, open storage is strictly forbidden, with sites larger than 20,000 square meters required to have PTZ cameras. A GDA official noted that violations were identified in New Panchawati Colony and a location in the Vijaynagar area, leading to penalties being issued in accordance with current construction regulations during the enforcement of GRAP. As per established norms, a…

IndustryLatest Stories

Gurugram Housing Project License Expires; SU Estates Faces FIR

Representative AI image GURUGRAM: The Department of Town and Country Planning (DTCP) has instructed the police to file an FIR against SU Estates for neglecting to renew its group housing license for a 20-acre project located in Sector 58/63. The license allowed the developer to create a residential group housing colony in Ullahwas as part of the Gurgaon-Manesar Urban Complex. The license, initially issued in 2009, expired in August 2017, yet the developer never submitted a renewal application or the necessary documents according to Rule 13 of the 1976 Urban Areas Rules. A notice issued on October 17 was reportedly…

IndustryLatest Stories

Rajasthan Forms Ministerial Committee for Land Allotment Policy 2025

JAIPUR: On Monday, the state government established a six-member cabinet sub-committee to ensure the effective implementation of the Rajasthan Land Allotment Policy-2025, in accordance with provision 7.6 of the policy. The committee consists of Deputy Chief Minister Prem Chand Bairwa, Health Minister Gajendra Singh Khimsar, School Education Minister Madan Dilawar, Social Justice and Empowerment Minister Avinash Gehlot, Revenue Minister Hemant Meena, and Urban Development and Local Self Government Minister of State (independent charge) Jhabar Singh Kharra. The committee will review proposals related to exemptions and relaxations and will present them to Chief Minister Bhajan Lal Sharma along with necessary recommendations.…

IndustryLatest Stories

CEO: 50% of GIFT City Land Allotted

Representative AI image AHMEDABAD: The Gujarat International Finance Tec-City (GIFT) has seen significant growth recently due to increasing demand. According to MD and Group CEO Sanjay Kaul, development rights for approximately 29 million square feet, or about 50% of the planned built-up area, have been allocated. Kaul reported that in the last quarter alone, over 100 entities opted to establish their presence at GIFT City, marking the highest quarterly figure to date. “GIFT City is India’s only fully operational smart city and global financial services center. With ongoing policy reforms, it is emerging as a hub for finance, technology, Alternative…

IndustryLatest Stories

Chandigarh IT Park Development Project Stalled

CHANDIGARH: The UT urban planning department has declined to approve the Chandigarh Housing Board’s (CHB) proposal for plotted housing development in the Rajiv Gandhi Chandigarh Technology Park (RGCTP). The department referenced the Chandigarh Master Plan (CMP) 2031, which forbids individual plotted development in the city. This decision was shared last week, requiring CHB to reassess its IT Park housing scheme. CHB had put forward a comprehensive proposal intending to replace the previous group housing model with individual plots for sale at the IT Park. However, the urban planning department’s recent communication explicitly stated: “According to the notified Chandigarh Master Plan…

IndustryLatest Stories

Noida: YEIDA Notifies 366 Allottees on Registry Delay

Representative AI image NOIDA: In a significant move to address longstanding industrial allotments, the Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to 366 plot allottees, requiring them to complete their lease deeds within 10 days or face cancellation. According to officials, allottees were previously provided a checklist of required documents for lease deed execution. However, many have failed to complete the registration process despite multiple reminders. Incomplete registrations have delayed the possession of industrial plots throughout Yamuna City, hindering manufacturing efforts in a region where the state government is actively promoting industrial growth. “Executing the registry is crucial;…