CommercialLatest Stories

Mindspace REIT to invest ₹4,185 crore in expansion

NEW DELHI: Mindspace Business Parks REIT plans to invest over ₹4,185 crore in capital expenditures for its ongoing projects from FY26 to FY28, targeting double-digit growth in net operating income (NOI) and net distributable cash flow (NDCF). The company, boasting an under-construction portfolio of 15 million sq ft and completed assets totaling 31 million sq ft, aims to bolster its presence in key cities—Hyderabad, Mumbai, Pune, and Chennai—while also branching out into data centres, hospitality, and mixed-use assets to diversify its revenue streams, as per Ramesh Nair, CEO & MD, in an exclusive interview. Below are edited excerpts: How has…

IndustryLatest Stories

ONE Group to invest ₹700 crore in reviving Sushant Aquapolis

NEW DELHI: ONE Group has successfully acquired the former Sushant Aquapolis project on NH9, Ghaziabad through the NCLT process, rebranding it as ONE Aquapolis. The group intends to invest approximately ₹700 crore to complete and revitalize the project, aiming for a total revenue potential of ₹1,300 crore. This investment will prioritize infrastructure improvements, landscaping, and enhanced amenities. Spanning 26.18 acres, this integrated group housing development consists of 26 towers with around 3,000 residential units. To date, over 150 units have been handed over, and 125 families are currently residing in the community. Published On Nov 21, 2025 at 01:00 PM…

IndustryLatest Stories

SEBI to Engage Stakeholders for REITs Inclusion in Indices

NEW DELHI: The Securities and Exchange Board of India (Sebi) plans to collaborate with industry stakeholders to include Real Estate Investment Trusts (REITs) in market indices, a step that is anticipated to significantly enhance liquidity for these instruments, as stated by chairman Tuhin Kanta Pandey on Friday. Speaking at the National Conclave on REITs and InvITs-2025, Pandey remarked, “Sebi will work with all stakeholders to facilitate the inclusion of REITs in indices.” REITs manage and operate real estate, providing investors an opportunity to invest in high-value properties while earning dividend income that can increase capital over time. Once included in…

IndustryLatest Stories

SEBI Considers Expanding Investment Options for REITs, InvITs

BENGALURU: The chairperson of India’s market regulator has announced plans to expand liquid mutual fund options for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to enhance their participation in the market. “We are reviewing a proposal to increase the accessible liquid mutual fund schemes for REITs and InvITs, with a focus on protecting investor interests,” said Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (SEBI). Furthermore, Pandey noted that SEBI will work towards incorporating REITs into market indices, as outlined in his speech on the regulator’s website last Friday. This initiative follows SEBI’s…

InfrastructureLatest Stories

Mumbai Construction Sites to Close if AQI Exceeds 200: BMC

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has issued a warning that industrial units and construction activities in Mumbai may face shutdown if the Air Quality Index (AQI) in any area consistently exceeds 200 after mitigation measures are implemented. According to a statement released on Thursday, actions will be enforced under the Graded Response Action Plan-4 (GRAP-4) if emissions continue to elevate AQI levels beyond accepted limits. To ensure strict adherence to its 28-point guidelines aimed at reducing air pollution, the BMC has deployed flying squads in every ward. Each squad will include two engineers and a police officer, tasked with…

InfrastructureLatest Stories

₹2.36 Crore in Fines; 48 Construction Sites Shut in Delhi

NEW DELHI: The government of Delhi has levied fines amounting to Rs 2.36 crore, issued over 200 show-cause notices, and ordered the closure of 48 construction sites for breaching dust-control regulations in the last month. Environment Minister Manjinder Singh Sirsa stated that this decisive action, supported by real-time monitoring and ongoing inspections, illustrates the government’s commitment to tackling pollution through “measurable, science-based enforcement instead of empty promises,” according to an official statement. The Delhi Pollution Control Committee (DPCC) has ramped up its anti-dust campaign since October 15, inspecting 1,262 construction sites exceeding 500 sqm. In a move to enhance oversight,…

Latest StoriesRegulatory

SC upholds Centre’s Aravali Hills definition, bans new mining leases

NEW DELHI: In a significant ruling to protect the world’s oldest mountain systems, the Supreme Court has adopted a uniform definition for the Aravali Hills and Ranges, prohibiting new mining leases in these areas across Delhi, Haryana, Rajasthan, and Gujarat until expert reports are finalized. On Thursday, Chief Justice B R Gavai, in the court’s ruling, endorsed the recommendations from a committee under the Ministry of Environment, Forest and Climate Change (MoEF&CC) aimed at safeguarding the Aravali Hills and Ranges. The term “Aravali Hill” will refer to any elevated landform within designated Aravali districts that stands at least 100 meters…

IndustryLatest Stories

Two Ahmedabad Developers Allegedly Forge MoU for Land Claim

AHMEDABAD: Recently, allegations of cheating and forgery have emerged against two land developers. The complainant, Bhavesh Patel, a resident of Bopal, has accused Ujash Shah and Sanjay Shah of Ethereum Infracon LLP of deceit. According to Patel, he entrusted the accused with the development and marketing of numerous land plots in Ahmedabad district. “We trusted their expertise after several meetings with them,” Patel stated. However, it was later revealed that the accused allegedly forged documents to sell the land to others without Patel’s consent. Patel further claims the duo created a fraudulent Memorandum of Understanding (MoU) that included forged signatures.…

IndustryLatest Stories

Amaravati ORR Project Fuels Real Estate Boom

Representative AI image VIJAYAWADA: The Amaravati Outer Ring Road (ORR) project is igniting a substantial real estate boom in areas surrounding the capital. With land acquisition accelerating and gazette notifications in progress, property prices near the proposed route have soared, showing one of the sharpest increases in recent years. Notable price hikes are occurring in regions like Kanchikacherla (NTR district), Agiripalli–Pottipadu (Eluru and Krishna districts), and around Kankipadu, where real estate firms are actively seeking investment opportunities. Locals report that land values in several areas have surged by nearly 35% within just a few weeks. Residents attribute this increase to…

IndustryLatest Stories

Godrej Properties buys 75-acre plot in Nagpur

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 75-acre land parcel in Nagpur, which has an estimated revenue potential of ₹755 crore. According to Gaurav Pandey, MD & CEO of Godrej Properties, “This acquisition is a significant milestone in our expansion strategy as we aim to enhance our footprint in emerging real estate markets across India.” This marks the third acquisition in Nagpur within the last four years. The planned development on this land will primarily consist of residential plotted units, offering an estimated saleable area of 1.7 million square feet. With this recent acquisition, the…