Page 2 - Prachi Pisal

L&T begins realty consolidation, to move Realty BU to L&T Realty arm

L&T has approved transferring its Realty BU to wholly owned L&T Realty through a slump sale under a scheme, kicking off a phased consolidation of all real estate assets under one entity

RBI's 25-bps repo rate cut may revive housing demand as EMIs ease

The rate cut comes at a time when housing sales across the top Indian cities are moderating, with affordability concerns being one of the key factors behind the plateauing

Blackstone-backed Nexus Select Trust eyes three malls in eastern India

Blackstone-backed mall operator eyes expansion in Kolkata, Patna, Ranchi and Guwahati as it moves to double its portfolio to 30 malls by 2030

Nexus Select Trust buys 60,000 sq ft at Elante Chandigarh for ₹253.7 crore

Nexus Select Trust acquired retail space at Nexus Elante in Chandigarh at an enterprise value of Rs 253.7 crore, funding the deal via commercial paper and cash while keeping its loan-to-value at 18%

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

Mahindra Lifespaces secures ₹1,010 cr redevelopment project in Mumbai

Work will 'transform' existing housing cluster into a modern community, says company

Mumbai gasps under a blanket of smog, BMC swings into pollution-war mode

The civic body said Mumbai's air quality has improved since November 26, supported by ongoing measures and wind speeds rising to 10-18 kilometres per hour

Godrej Properties highest bidder for five-acre land parcel in Hyderabad

To develop premium residential project, eyeing ₹4,150 cr in revenue

Swiss co-working major IWG to double India portfolio by 2027: Descrozaille

India to be among the firm's top three global markets in 3-4 years

Mindspace Reit acquires three premium office assets for ₹2,916 crore

The board of the manager of the Reit has approved the acquisition and also a preferential issue of units aggregating up to ₹1,820 crore

Tata Realty, DBS Bank India sign ₹1,280 cr green loan for Intellion Park

Tata Realty has secured a Rs 1,280 crore green loan from DBS Bank India to support the development of Intellion Park in Gurugram

Mall operators expected to clock revenue growth of 12-14% in FY26: Report

Crisil expects mall operators to post strong revenue growth in FY26, driven by new mall additions, robust occupancy, reduced GST rates and improved consumption trends

Launches boost presales growth of top real estate developers in Q2

Listed players relatively insulated from overall housing sales moderation: Analysts

CPPIB-backed IndoSpace Core adds six logistics parks in India for ₹3,000 cr

The acquisition adds 9 msf of leasable space across major cities and expands IndoSpace Core's portfolio to 22 msf, reinforcing its position in India's industrial and logistics market

Dream Sports' parent firm leases 169,000 sq ft office space in Worli

The transaction has a lock-in period of 36 months. The company has also paid a common area maintenance (CAM) deposit of Rs 1.26 crore

ASK CLAF-I launches ₹500 cr equity platform to invest in branded homes

ASK Property Fund and India Sotheby's International Realty launch a Rs 500 crore equity platform with Amavi by Clarks to invest in branded luxury second homes across key destinations

Sunteck Realty enters Dubai's market with ultra-luxury project pipeline

Mumbai co launched apartments at ₹250 crore apiece in Mumbai in Sept

Pvt credit emerges key growth driver for India's real estate: Knight Frank

Institutional investors include family offices and global private equity firms

Labour codes: Real estate expects up to 10% spike in baseline labour cost

Developers expect short-term cost and timeline pressures, but say unified labour laws will bring predictability, better compliance and steadier workforce availability

MahaRERA issues SOP to fast-track compensation recovery for homebuyers

MahaRERA introduced a detailed SOP to ensure faster compensation recovery from developers, with strict timelines, stronger enforcement, and option of court action in cases of persistent non-compliance