 "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 26 - Prachi Pisal
IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr
IRB InvIT to acquire three BOT highway assets for Rs 4,905 crore, doubling its enterprise value to over Rs 16,000 crore and extending portfolio life to 17 years
 "IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr")
Kanakia, US-based Hines, Japanese firms partner for $1 bn project in Mumbai
Consortium will develop a premium office project in Mumbai's Bandra Kurla Complex, India's costliest office hub
 "Kanakia, US-based Hines, Japanese firms partner for $1 bn project in Mumbai")
Apple to open third India retail store at Bengaluru's Phoenix Mall
iPhone maker leases 8,000 sq ft in Phoenix Mall of Asia
 "Apple to open third India retail store at Bengaluru's Phoenix Mall")
Sunteck Realty appointed for ₹1,100 cr redevelopment in Andheri East
Sunteck will redevelop a 2.5-acre housing society in Mumbai's Andheri East with an expected free sale area of 2.75 lakh sq ft and a project value of ₹1,100 crore
 "Sunteck Realty appointed for ₹1,100 cr redevelopment in Andheri East")
Prepared for $65 per barrel crude oil price range for FY26: OIL CMD Rath
Drilling begun in Cambay Basin, second well dug in Andaman seas
 "Prepared for $65 per barrel crude oil price range for FY26: OIL CMD Rath")
Global capability centres fuel premium play in India's office space
Demand for Grade-A, ESG-compliant, smart offices on the rise
 "Global capability centres fuel premium play in India's office space")
Cushman-Nuvama JV to deploy ₹3,000 cr in 'offices of the future'
Jain explained that the GCCs' increased leasing in India has to do with the quality of talent, skill availability, and the possible cost arbitrage in India
 "Cushman-Nuvama JV to deploy ₹3,000 cr in 'offices of the future'")
Google renews Bengaluru office lease for five years at ₹90 crore rent
The tech giant has renewed its lease on 8.7 lakh sq ft at Bagmane Capital Business Park, paying ₹7.5 crore monthly for space across Kyoto East and West Towers
 "Google renews Bengaluru office lease for five years at ₹90 crore rent")
IRB Infra eyes road asset base of Rs 1.4 trn in three years: Senior exec
Company has a strong balance sheet, sees 'immense opportunities' in road monetisation projects
 "IRB Infra eyes road asset base of Rs 1.4 trn in three years: Senior exec")
Commercial rentals rise across Indian cities amid global uncertainty
Commercial real estate rentals rose in India's top cities from 2022 to 2025, with strong demand from US firms and GCCs, despite global macroeconomic headwinds
Grasim Q4FY25 profit increases 9.2%; gains 10% share in paints market
Grasim Industries posts strong Q4 with 9.2% rise in profit and 17.3% revenue growth led by cement, paints and financial services while FY profit dips on higher costs
 "Grasim Q4FY25 profit increases 9.2%; gains 10% share in paints market")
Reliance Defence ties up with Rheinmetall to supply ammunition, explosives
Reliance Defence and Rheinmetall AG will jointly produce explosives and propellants at a new greenfield facility in Maharashtra as part of a broader defence collaboration
 "Reliance Defence ties up with Rheinmetall to supply ammunition, explosives")
Adani Ports to raise ₹6,000 crore through NCDs for capex, debt needs
Adani Ports will raise ₹6,000 crore via non-convertible debentures for capex, debt refinancing and corporate use as it targets 1 billion tonnes cargo capacity by 2030
 "Adani Ports to raise ₹6,000 crore through NCDs for capex, debt needs")
Nagarro leases 700,000 sq ft of office space in Gurgaon for GCC operations
German IT firm Nagarro has leased 706,000 sq ft in Gurugram's Sector 18 for its global capability centre, paying ₹2.9 crore monthly rent with a 12-year lease agreement
 "Nagarro leases 700,000 sq ft of office space in Gurgaon for GCC operations")
AVTL IPO to open on May 26, price band fixed at ₹223-235 per share
Price band fixed at Rs 223 to 235 per share; offer to close on May 28; net proceeds to be used for debt repayment, LPG terminal acquisition and general corporate purposes
 "AVTL IPO to open on May 26, price band fixed at ₹223-235 per share")
MMRDA secures ₹1,500 cr loan from BoM for slum redevelopment project
The funding marks Phase 1 of MMRDA's Rs 8,498 crore SRA project to redevelop Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar into a planned residential zo
 "MMRDA secures ₹1,500 cr loan from BoM for slum redevelopment project")
South Indian cities dominate GCC office leasing in Q1 CY25: Report
Bengaluru leads and it is followed by Chennai and Hyderabad; real estate trend spreading to smaller places too
 "South Indian cities dominate GCC office leasing in Q1 CY25: Report")
IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore
IRB Infra reports 13.7% YoY rise in Q4 net profit; FY25 profit surges on exceptional gains, while revenue sees modest annual growth and toll collections beat industry
 "IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore")
Adani Ports, JSW Infra make logistics anchor for cargo growth plans
Leading port companies plan capex, acquisitions to expand in the sector
 "Adani Ports, JSW Infra make logistics anchor for cargo growth plans")
Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy
Singapore govt buys 0.88% in JSW Infra for ₹531 crore
 "Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy")