 "Prachi Pisal")
Prachi Pisal
Prachi Pisal
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Page 24 - Prachi Pisal
Godrej Properties sells homes worth ₹2,000 cr at Bengaluru project launch
With 1,450 homes sold at launch, Godrej Properties' Barca in Devanahalli becomes North Bengaluru's most successful township debut by value and volume of sales
 "Godrej Properties sells homes worth ₹2,000 cr at Bengaluru project launch")
MMRDA to build Dharavi as multi-modal transit hub with metro, rail links
The MMTH will connect Dharavi to metro lines, airports, rail stations and BKC, as MMRDA takes charge of building a future-ready, 24x7 urban mobility hub
 "MMRDA to build Dharavi as multi-modal transit hub with metro, rail links")
Approval hiccups hit schedule, profits of MMR and Bengaluru realty majors
The approvals were earlier handled by the state government authorities. MMR is said to be the most affected market by this decision
 "Approval hiccups hit schedule, profits of MMR and Bengaluru realty majors")
Real estate giant Kalpataru eyes deleveraging amid ₹1,590 cr IPO
Real estate firm Kalpataru plans to repay borrowings using IPO proceeds, cash reserves and project sales, with debt ratio targeted to fall from 3.7x to below 2x
 "Real estate giant Kalpataru eyes deleveraging amid ₹1,590 cr IPO")
Wipro inks 10-year lease for office space in MMR's Mindspace Business Park
The tech firm has taken space in building no. 2 of Mindspace Business Park with parking for 194 cars and a monthly rent of Rs 2.5 crore at Rs 64 per sq ft
 "Wipro inks 10-year lease for office space in MMR's Mindspace Business Park")
Dassault ties up with RInfra arm to make Falcon 2000 jets in India
Dassault partners Reliance to assemble Falcon jets in Nagpur, marking the first Falcon manufacturing base outside France; DRAL named global Centre of Excellence
 "Dassault ties up with RInfra arm to make Falcon 2000 jets in India")
PE firm Blackstone acquires South City Mall in Kolkata for ₹3.2K cr
Real estate services firm Anarock was the sole transaction advisor to the deal
 "PE firm Blackstone acquires South City Mall in Kolkata for ₹3.2K cr")
Raymond Realty eyes 20% Ebitda growth in FY26 ahead of July listing
Spun off from Raymond, the real estate arm expects 20 per cent Ebitda growth and 20-25 per cent bookings rise in FY26 as it prepares for listing in early July
 "Raymond Realty eyes 20% Ebitda growth in FY26 ahead of July listing")
Blackstone-Sattva REIT to raise ₹4,800 crore via IPO in August 2025
Knowledge Realty Trust to be India's fifth listed REIT with 48 msf leasable area, second-largest in Asia, and largest in India by NOI and gross asset value
 "Blackstone-Sattva REIT to raise ₹4,800 crore via IPO in August 2025")
Actor Jaideep Ahlawat buys second Rs 10-crore flat in Mumbai's Andheri
The actor and his wife Jyoti Hooda bought a second apartment in Poorna Apartments in Andheri West, Mumbai, for Rs 10 crore, show documents accessed via Square Yards
 "Actor Jaideep Ahlawat buys second Rs 10-crore flat in Mumbai's Andheri")
Godrej Properties acquires 16-acre parcel in Pune, eyes Rs 3,100 cr revenue
The land will be used for premium housing and retail and mars company's second acquisition in the region in June
 "Godrej Properties acquires 16-acre parcel in Pune, eyes Rs 3,100 cr revenue")
Data centre boom: Realty cos eye revenue upside, portfolio diversification
The industry experts believe that the developers are leveraging their expertise in land acquisition, construction, dealing with government approvals, and maintaining tenant relationships
 "Data centre boom: Realty cos eye revenue upside, portfolio diversification")
Macrotech Developers rebrands as Lodha Developers after dispute settlement
The rebranding follows an amicable resolution of a trademark dispute between Abhishek and Abhinandan Lodha over the use of the 'Lodha' name and associated assets
 "Macrotech Developers rebrands as Lodha Developers after dispute settlement")
Debt recovery in stressed realty assets to improve to 38% in FY26: Crisil
These projects have benefited from strategic debt restructuring facilitated by Asset Reconstruction Companies (ARCs)
 "Debt recovery in stressed realty assets to improve to 38% in FY26: Crisil")
Godrej to build homes on 14-acre Bengaluru plot, eyes ₹1,500 cr revenue
The proposed development is expected to offer approximately 1.5 million square feet of saleable area, the company noted
 "Godrej to build homes on 14-acre Bengaluru plot, eyes ₹1,500 cr revenue")
Arkade Developers buys 6.28-acre land parcel in Thane for ₹172.48 crore
Arkade to enter Thane real estate market with ₹172.48 crore land deal; plans a ₹2,000 crore mixed-use project on 9.26 lakh sq ft RERA saleable area by 2026
 "Arkade Developers buys 6.28-acre land parcel in Thane for ₹172.48 crore")
Maharashtra to grant LOIs to 5 foreign universities for MMR campuses
Under its 'Mumbai Rising' initiative, the Maharashtra government will grant LOIs to five global universities to establish campuses in Navi Mumbai and Mumbai
 "Maharashtra to grant LOIs to 5 foreign universities for MMR campuses")
InvITs' AUM to triple to ₹21 trillion by FY30, says industry body
Bharat InvITs Association projects InvITs' AUM to rise from ₹7 trillion to ₹21 trillion by FY30, driven by asset monetisation and ₹16 trillion infra pipeline
 "InvITs' AUM to triple to ₹21 trillion by FY30, says industry body")
Mhada invites tenders for cluster redevelopment of Kamathipura, Mumbai
Project covers 943 buildings and 8,000 tenants across 34 acres, with 44,000 sq m to be returned to Mhada and 5.67 lakh sq m of development rights for the builder
 "Mhada invites tenders for cluster redevelopment of Kamathipura, Mumbai")
Ashwin Sheth Group acquires 50% stake in luxury project in Mumbai
Singapore-based PAG commits funding of Rs 540 cr
 "Ashwin Sheth Group acquires 50% stake in luxury project in Mumbai")