Mumbai News Desk

02 Feb 2026

The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, emphasizes infrastructure-led growth while maintaining fiscal discipline. Total capital expenditure was raised to INR 12.2 lakh crore, supporting roads, railways, shipping, defense, and urban connectivity, particularly in Tier-II and Tier-III cities. The fiscal deficit was reduced to 4.3 % of GDP. Sector-specific measures include long-term tax incentives for data center investments and reforms in capital markets, including STT hikes and revised taxation on share buybacks. The Budget continues existing growth policies with targeted structural tweaks rather than major reforms.Read more

02 Feb 2026

HDFC Capital Advisors, the real estate private equity arm of the HDFC Group, has partnered with Curated Living Solutions (CLS), promoted by Bhaskar Raju of DivyaSree Group, to launch a rental housing platform with an investment of INR 1,000 crore. The platform will develop, own, and operate institutional-grade rental housing across major Indian cities, targeting students, young professionals, and migrant workers. CLS brings experience managing over 13,000 beds nationwide, while HDFC Capital provides long-term capital and governance. The initiative aims to formalize India's rental housing sector and enhance urban mobility.Read more

29 Jan 2026

CEPT University has introduced a new two-year, full-time Master of Business Administration (MBA) in real estate programme under its Faculty of Management, aimed at addressing skill shortages in India's evolving real estate sector. The curriculum has been developed in consultation with developers, finance professionals and alumni to create industry-ready talent capable of working across design, planning, construction technology, finance and firm management roles. The programme combines studio-based pedagogy with input from both full-time faculty and practising industry experts, spanning topics such as land strategy, project structuring, financing tools including real estate investment trusts, and sustainability/ESG considerations. CEPT officials said the course is designed to produce professionals who understand multiple aspects of real estate delivery, consistent with industry calls for well-rounded talent as the sector becomes more formalised and corporatised.Read more

28 Jan 2026

Prime Minister Modi highlighted that India's energy sector holds USD 500 billion in investment opportunities and encouraged global participation at India Energy Week 2026. He outlined plans to attract USD 100 billion in oil and gas investments by 2030 and expand refining capacity from 260 to 300 MTPA. Modi emphasized ongoing reforms across sectors and explained that the India-EU Free Trade Agreement, alongside the India-UK deal, will boost manufacturing and services. The trade pact covers 25% of global GDP and one-third of global trade, reflecting strong international economic collaboration.Read more

28 Jan 2026

Adani Group and Brazilian aerospace giant Embraer have announced a strategic collaboration to establish a regional aircraft manufacturing facility in India, aiming to strengthen the country's indigenous aviation capabilities. The partnership will also include a Final Assembly Line for Embraer's regional jets, focusing on improving air connectivity to Tier 2 and 3 cities. Officials highlighted the project's potential for technology transfer, skill development, and a robust domestic supply chain. With India expected to need over 500 regional aircraft in the next two decades, this collaboration marks a key step toward self-reliance in aviation manufacturing.Read more

Mumbai News Desk

28 Jan 2026

Maharashtra Deputy Chief Minister and senior Nationalist Congress Party leader Ajit Pawar died after the aircraft he was travelling in crashed while landing near Baramati. The Learjet 45 aircraft had taken off from Mumbai and veered off the runway during landing, following which it caught fire. Pawar, two pilots and members of his security team were on board, and officials confirmed there were no survivors. Pawar was travelling for political engagements linked to local body elections. Aviation authorities have launched an investigation to determine the cause of the crash.Read more

25 Jan 2026

India's residential property market recorded a mixed performance last year, with strong demand in southern cities balancing a slowdown elsewhere, according to PropTiger. While overall housing sales across eight major cities fell 12 per cent to about 3.86 lakh units, Bengaluru, Hyderabad and Chennai together saw sales rise 15.5 per cent, crossing 1.33 lakh homes. Chennai led growth with a sharp jump in sales, followed by steady gains in Bengaluru and Hyderabad. Kolkata also reported an increase, while markets such as Mumbai region, Delhi-NCR, Pune and Ahmedabad saw declines. New housing launches dropped to their lowest level since 2021, reflecting a more cautious, supply-disciplined approach by developers aimed at maintaining price stability and avoiding excess inventory.Read more

Mumbai News Desk

24 Jan 2026

In 2025, the Mumbai Metropolitan Region (MMR) emerged as the most active land acquisition market in India, with 32 deals covering over 500 acres, accounting for more than 13% of nationwide land transactions. Across India, 126 deals aggregated more than 3,772 acres, a notable increase from 2024's 2,514 acres, despite slightly fewer deals. Residential projects led acquisitions, followed by mixed-use, industrial, logistics, commercial, and retail developments. Bengaluru, Pune, NCR, Hyderabad, and Chennai also recorded significant land deals, while tier II and tier III cities, led by Ahmedabad, contributed over 2,193 acres to the total.Read more

Gurugram News Desk

23 Jan 2026

Eternal Ltd, the parent company of Zomato, has agreed a lease for a substantial commercial office space of 2,78,249 sq ft in Intellion Park, Sector 59, Gurugram, with a monthly rent payment of roughly INR 2.33 crore, according to lease deed documents. The transaction covers seven floors the ground level and floors four through nine under a lease running just under five years, which began in October 2025. The agreement includes a three-year lock-in clause, a 15% rent escalation after three years, and a rent-free fit-out period of six months and 14 days to facilitate tenant customisations before rent payments commence. A security deposit equivalent to six months rent has been paid, and the premises will provide 371 dedicated car parking spaces, calculated on the basis of one parking slot per 750 sq ft. The lease reflects strong occupier demand in Gurugram's commercial office market.Read more

23 Jan 2026

Mumbai-based Labdhi Lifestyle Ltd has announced plans to invest around INR 700 crore to develop a premium commercial office project at Bandra Kurla Complex (BKC), one of India's most sought-after business districts. The project, branded BKC Edge, will offer approximately 2.25 lakh sq ft of carpet area and is expected to generate revenue of more than INR 1,000 crore upon sale. The development comes amid acute supply constraints for Grade-A office space in BKC, a market that continues to attract institutional occupiers and high-value enterprises. With over 300 business suites planned, the project reflects growing developer confidence in Mumbai's commercial real estate segment, supported by steady leasing demand and the sustained appeal of well-located, high-quality office assets.Read more