11 Mar 2026

Senior NCP (SP) leader Jayant Patil criticised the Maharashtra budget, pointing out gaps in farm loan waivers, rural development, and social welfare allocations. While the state government announced a crop loan waiver of up to INR 2 lakh until September 2025, Patil said it falls short of the INR 5 lakh promised during the election. He also highlighted rising state debt, underfunded social and agricultural schemes, and the closure of rural schools amid large infrastructure loans. Patil urged the government to address AI-related challenges and inclusive growth concerns.Read more

11 Mar 2026

J&K Bank has partnered with two Non Banking Financial Companies to expand its home and gold loan business beyond Jammu and Kashmir. The bank signed co-lending agreements with Home First Finance Company India Limited for home loans and with IIFL Finance for gold loans. The partnerships will combine the bank's strong deposit base and branch network with the NBFCs expertise in credit delivery. Bank officials expect these collaborations to accelerate loan distribution, reach new customer segments, and enhance financial inclusion in emerging markets.Read more

11 Mar 2026

WeWork India Management Ltd has entered into a lease agreement to add 141,392 square feet of workspace capacity in Chennai, further strengthening its presence in the city's growing flexible office market. The move forms part of the company's broader expansion strategy across major Indian commercial hubs. WeWork India currently operates across eight cities with a portfolio of millions of square feet and serves enterprises, startups, and multinational firms seeking flexible workspace solutions. Chennai has emerged as an important market for the company in recent years as technology and global firms increasingly adopt managed and hybrid office models.Read more

11 Mar 2026

Truhome Finance, backed by global private equity firm Warburg Pincus, has filed draft papers with the Securities and Exchange Board of India to raise INR 3,000 crore through an initial public offering. The issue includes a fresh equity issue of INR 1,500 crore and an offer for sale of INR 1,500 crore by promoter Mango Crest Investment Ltd. The housing finance company plans to use the proceeds from the fresh issue to strengthen its capital base and support lending growth. Earlier known as Shriram Housing Finance, the lender has built a strong presence in the affordable housing loan segment.Read more

11 Mar 2026

The fifth edition of The Economic Times Real Estate Conclave & Awards (ETRECA) 2026 was recently held in Mumbai, bringing together policymakers, developers, investors, and sector experts. Discussions focused on urban redevelopment, housing affordability, changing office space demands, technology adoption, and emerging capital markets. Industry leaders emphasised resident-centric planning, financing reforms, and sustainable urban development as crucial priorities. Following the conclave, the RECA 2026 awards recognised excellence across developers, residential and commercial projects, shared spaces, PropTech innovation, and leadership categories, including Lifetime Achievement and Young Achiever honours.Read more

Hyderabad News Desk

10 Mar 2026

Charles Schwab has further expanded its presence in India by leasing a large office space in Hyderabad's Gachibowli IT corridor to support its global capability centre operations. The Indian subsidiary signed a five year lease for roughly 3.45 lakh square feet across five floors at Phoenix Equinox Tower 2. Monthly rent is set at about INR 108 per sq ft with a 5 % annual escalation, and payments will begin in phases from next April and July. The space will accommodate technology, analytics, and other critical support functions, reflecting Hyderabad's continued appeal for multinational firms.Read more

10 Mar 2026

Real estate developer County Group has announced an investment of more than INR 1,200 crore to develop a luxury residential project in Noida. The project, named Clove County, will be built on a 5-acre land parcel located in Sector 151 along the Noida Greater Noida Expressway. The development will feature 226 premium apartments priced between INR 10 crore and INR 18 crore. According to the company, the land was acquired through an auction for nearly INR 500 crore. County Group said the project reflects strong demand for high-end housing in the Noida market. The company, a major developer in the National Capital Region (NCR), has already delivered multiple residential and commercial developments across cities including Noida, Greater Noida, Ghaziabad, Gurugram and New Delhi.Read more

Pune News Desk

10 Mar 2026

ICICI Prudential Asset Management's alternative investment fund has expanded its commercial real estate holdings by acquiring a Grade A IT park in Pune for approximately INR 520 crore. The Aditya Shagun Infinity IT Park in Baner spans around 388,000 sq ft and is leased to prominent companies including Eaton Corporation, Accenture, and Jaguar Land Rover. With an annual rent escalation of 4.7% and nearly nine years of average lease tenure, the acquisition strengthens the fund's strategy of investing in stabilized office assets. The fund has a history of similar acquisitions across Pune and other key cities, targeting steady rental income and asset appreciation.Read more

10 Mar 2026

CRE Matrix said office rentals in Navi Mumbai are about 21% lower than the average rentals in major Tier-1 cities, making the market increasingly attractive for multinational companies and global capability centres (GCCs). According to the firm's report, Navi Mumbai Rising: A Comprehensive Perspective on India's Next Commercial Real Estate Hub, average office rents in the city are around INR 70 per sq ft per month. The report highlights strong growth in the region's commercial real estate sector, supported by infrastructure development, competitive costs and rising occupier demand. Navi Mumbai currently has around 32.7 million sq ft of prime office stock with over 430 occupiers, while an additional 23.5 million sq ft of office space is expected to be developed by 2031.Read more

10 Mar 2026

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more