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Tata Sons Leases Ratan Tata Bungalow in Colaba, South Mumbai

MUMBAI: Tata Sons has leased a luxury bungalow in Colaba, south Mumbai, reinstating its ties to a property historically associated with the Tata family. Known as ‘The Cabins’ and situated on Shahid Bhagat Singh Road, the bungalow was formerly utilized by the late Ratan Tata. This expansive bungalow features a super built-up area of 13,200 sq ft, including a basement, ground floor, and three upper levels, marking it as one of the larger standalone residential properties in the Colaba region. The owner of the property is Ewart Investments Ltd, a subsidiary of Tata Sons. A lease agreement has been finalized…

PFRDA Simplifies Investment Rules for REITs and InvITs

Representative AI image NEW DELHI: The Pension Fund Regulatory and Development Authority (PFRDA) has clarified the framework for National Pension System (NPS) funds to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) through a revised master circular on investment guidelines issued on December 10, 2025. PFRDA has established new exposure limits to govern this investment. Combined investments in REIT and InvIT debt instruments and units must not exceed 3% of a pension fund’s total assets under management. Furthermore, pension funds cannot hold more than 15% of the outstanding debt instruments from a single REIT or InvIT,…

Embassy Developments Reports ₹152.61 Crore Loss in Q2 FY26

NEW DELHI: Embassy Developments (EDL) disclosed a net consolidated loss after tax of ₹152.61 crore for the quarter ending September 30, 2025, as per their BSE filing. Their net consolidated income for Q2 FY26 was ₹536.90 crore. For the quarter and the half-year, the company secured ₹44.99 crore and ₹1,205.64 crore respectively in share warrant money, with shares allocated accordingly. Furthermore, during this quarter, they received an additional ₹7.10 crore in share warrant money, pending share allocation. “All ongoing projects are on track, with the successful completion of two legacy developments in Vizag and Thane. This progress will soon reflect…