21 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an agreement for sale with XLRI Xavier School of Management to establish a new campus in Amaravati. The institute plans to develop the campus on a 61.7-acre land parcel with an estimated investment of around INR 300 crore. In its first phase, the campus will accommodate about 1,000 students and offer executive education programmes for around 200 professionals. The project is expected to strengthen Amaravati's education ecosystem and support the state government's plan to position the capital region as a hub for reputed national and international educational institutions.Read more

20 Mar 2026

Powerica Ltd, a provider of integrated power solutions, is launching a Rs 1,100 crore initial public offering, combining a fresh share issue of Rs 700 crore with an offer for sale of Rs 300 crore by promoters. The IPO, priced at Rs 375-395 per share and valuing the company at around Rs 5,000 crore, will primarily fund debt reduction. Bidding for anchor investors will occur before the public subscription opens, with the stock expected to debut in early April. The company has seen revenue growth, though net profit has declined recently.Read more

20 Mar 2026

Axis Bank has decided to invest INR 1,500 crore in its wholly owned subsidiary, Axis Finance Ltd (AFL), via a rights issue over the next year. The investment, approved by the bank's Acquisitions, Divestments and Merger Committee and the Reserve Bank of India, will be made in one or more tranches before March 31, 2027. AFL posted a turnover of INR 2,504 crore for the first half of FY26, compared to INR 4,296 crore in FY25. The capital infusion is intended to support AFL's growth and strengthen its operations.Read more

20 Mar 2026

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 75,000 crore to be conducted on March 20, aimed at managing surplus liquidity in the banking system. The move follows sustained liquidity infusion measures by the central bank, including recent short-term and durable liquidity operations. With system liquidity currently in surplus at over INR 81,900 crore, the RBI continues to calibrate its approach to stabilise overnight interest rates. The auction forms part of broader monetary operations that influence borrowing costs, credit flow, and overall financial conditions, with indirect implications for interest rate-sensitive sectors such as real estate and infrastructure financing.Read more

20 Mar 2026

Concerns over misuse of housing provisions in Mumbai have led to a city-wide vigilance audit after allegations of an INR 2,000 crore scam were raised in the state assembly. The issue relates to developers allegedly misusing additional FSI benefits granted for building homes for project-affected people and transit camps. Instead of delivering mandated housing, some projects reportedly created saleable residential and commercial units. Authorities have begun examining approvals, construction status, and handover records, with strict action expected against developers and officials if violations are confirmed.Read more

20 Mar 2026

Cube Highways Trust has filed draft documents with the Securities and Exchange Board of India (Sebi) to raise up to INR 5,000 crore through an initial public offering, marking its transition from a privately listed infrastructure investment trust to a publicly listed InvIT. The issue will be entirely an offer-for-sale by existing investors, including Cube Highways and Infrastructure entities and institutional stakeholders. The InvIT, which manages 27 road assets across 12 states and one union territory, reported assets under management of INR 36,520 crore as of September 2025. Ahead of the listing, the trust plans to acquire four additional highway and tunnel assets, expanding its portfolio to 31 assets. The move is expected to broaden its investor base and improve liquidity access.Read more

Chennai News Desk

20 Mar 2026

US-based banking major US Bancorp is in advanced discussions to lease over 650,000 sq ft of office space in Chennai to establish its first Global Capability Centre (GCC) in India. The proposed transaction, reported in the past week, is expected to be executed at Embassy Tech Splendid, a commercial campus owned by Embassy Office Parks REIT. The facility is likely to be developed under a build-operate-transfer model in partnership with Cognizant Technology Solutions, with estimated monthly rentals of INR 4.5-5 crore. The centre will support technology, analytics, and back-office functions, with hiring projected at 3,000-5,000 employees over the next few years. The move reflects continued demand from global financial institutions for large office spaces in India's key technology markets.Read more

20 Mar 2026

The redevelopment of Prayagraj Junction is progressing as a large-scale infrastructure and commercial project, with plans to lease over 2 lakh sq ft of built-up space for commercial use. The Rail Land Development Authority (RLDA) has invited bids to lease seven floors of a newly constructed nine-storey building under a 45-year revenue-sharing model. The INR 960 crore redevelopment aims to combine passenger infrastructure upgrades with long-term non-fare revenue generation. Proposed commercial uses include retail, hospitality, office spaces, and multiplexes. The project, underway for nearly three years and targeted for completion by the end of 2026, reflects Indian Railways approach of integrating real estate monetisation within transport infrastructure to support financial sustainability and urban economic activity.Read more

19 Mar 2026

India's Grade A office market is set for steady growth in 2026, with demand projected at 70-75 million sq ft and new supply at 60-65 million sq ft. Growth is being driven by expanding Global Capability Centers, rising flex space adoption, increasing REIT participation, and a focus on sustainable, tech-enabled workplaces. Flex operators could account for up to 25% of leasing, while over 380 million sq ft of office stock has potential for future REIT inclusion. By 2030, total Grade A stock may exceed 1 billion sq ft.Read more

Chennai News Desk

19 Mar 2026

Tata Consultancy Services (TCS) has expanded its office presence in Chennai by leasing additional space at Ozone Techno Park, reflecting sustained demand for high-quality commercial real estate in the city. The transaction, concluded in the past week, strengthens TCS's footprint in one of its key operational markets. The leased space is expected to support workforce expansion and accommodate growing business requirements, particularly in technology and services segments. Chennai continues to attract major occupiers due to its established IT ecosystem, infrastructure, and talent pool. The deal underscores continued leasing activity in India's office market, driven by large corporates consolidating and expanding operations in strategic urban centres.Read more