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Apple Signs 10-Year Lease for 2.7 Lakh Sq Ft in Bengaluru

Certainly! Here’s a rewritten version of the content: NEW DELHI: Apple India has secured approximately 270,000 square feet of office space in Bangalore, committing to a 10-year lease with an initial monthly rent of Rs 6.3 crore, as reported by data analytics firm Propstack. As the leading exporter of mobile phones from India, Apple has exported iPhones valued at around Rs 1.5 lakh crore in the financial year 2024-25. The space, sourced from the Embassy Group, includes several floors and car parking facilities. According to Propstack, Apple is projected to spend over Rs 1,000 crore on rent, car park, and…

Brookfield India REIT Secures ₹3,500 Crore for Growth, Debt Relief

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has successfully raised ₹3,500 crore through a qualified institutional placement (QIP) of units, representing one of the largest capital raises by an Indian REIT. The offering, which commenced on December 10, 2025, saw demand surpass three times the available amount. According to the disclosure, the REIT garnered over ₹10,900 crore in demand from both domestic and foreign institutional investors, resulting in the allotment of 10.94 crore units under the QIP. The funds raised will be utilized for portfolio expansion, including the planned acquisition of Ecoworld, a 48-acre, 7.7 million sq…

Investors Claim ₹1.6 Crore Fraud in WTC GIFT City Project

AHMEDABAD: On Wednesday, the CID (Crime) lodged a complaint regarding an alleged financial fraud exceeding Rs 1.56 crore tied to an investment scheme associated with a commercial project in GIFT City. The complaint stated that investors were enticed with promises of high monthly returns and a buyback guarantee, but later found their repayment requests denied. As per the complaint, in 2021, a group of investors was approached by a real estate intermediary who presented an investment opportunity in the WTC GIFT City Tower-C. The investors were informed that by purchasing commercial units in the project, they would receive a monthly…