 "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.
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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")
Anil Ambani's Reliance Defence, German firm tie up to make munitions
Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years
 "Anil Ambani's Reliance Defence, German firm tie up to make munitions")
Pay ₹1,169 crore to Reliance Infrastructure arm: Bombay HC to MMRDA
MMOPL has been operating Mumbai's first metro line between the Versova-Andheri-Ghatkopar Corridor -- which recently completed 11 years of operations
 "Pay ₹1,169 crore to Reliance Infrastructure arm: Bombay HC to MMRDA")
Wealth Company launches Bharat Bhoomi Fund with ₹1,000 cr green shoe
Alongside this, investments will target mid-to-premium residential, retail, plotted villas, and mixed-use developments across high-growth cities such as MMR, NCR, Pune, Bengaluru, Chennai & Hyderabad
 "Wealth Company launches Bharat Bhoomi Fund with ₹1,000 cr green shoe")
Builders from other regions tap into Mumbai's redevelopment market
Mumbai's policy-level incentives for redevelopment and less capital-intensive nature of the business amid a lack of open land parcels, are attracting developers
 "Builders from other regions tap into Mumbai's redevelopment market")
Average apartment loading grows in top cities amid demand for amenities
The loading factor grows to 40 per cent in Q1CY25, from 31 per cent in 2019
 "Average apartment loading grows in top cities amid demand for amenities")
Dharavi masterplan to be implemented in phases, says DRP CEO SVR Srinivas
The Rs 95,790-crore Dharavi Redevelopment Project will be executed in phases, rehabilitating around 72,000 tenants, with completion targeted for January 2031, says DRP CEO
 "Dharavi masterplan to be implemented in phases, says DRP CEO SVR Srinivas")
JM Financial gets 1.4 lakh sq ft of office space in Mumbai's Mulund
The ₹150-cr space allotment at Prestige Trade Centre stems from a 2020 insolvency resolution involving the defunct Ariisto Developers
 "JM Financial gets 1.4 lakh sq ft of office space in Mumbai's Mulund")
Investments in renewables, roads & realty to hit ₹17.5 tn in 2 yrs: Crisil
Renewables to benefit from hybrid capacity push, roads from monetisation, and real estate from premiumisation and demand from global capability centres
 "Investments in renewables, roads & realty to hit ₹17.5 tn in 2 yrs: Crisil")
Non-Mumbai builders tap into financial capital via redevelopment projects
Mumbai's redevelopment market is big enough to accomodate more players like Bengaluru-based Sobha and Ahmedabad-based Arvind Smartspaces are evaluating opportunities
 "Non-Mumbai builders tap into financial capital via redevelopment projects")
Cement firms' Q4 volumes grow, but realisations decline amid weak pricing
According to analysts, the consolidation in India's cement sector and the weak demand have put pressure on the pricing environment
 "Cement firms' Q4 volumes grow, but realisations decline amid weak pricing")
Home loan rates may reduce to 8%: Real estate industry executives
Liquidity to benefit developers and accelerate project completion timelines, say industry executives
 "Home loan rates may reduce to 8%: Real estate industry executives")
Real estate developers build a steady quarter even as demand woes bite
As per Anarock, housing sales across the top Indian cities declined by 28 per cent YoY in Q4 FY25
 "Real estate developers build a steady quarter even as demand woes bite")
Actor Jeetendra, family-owned firms sell Mumbai land for ₹855 crore
2.39-acre Andheri plot, which includes Balaji IT Park, has been sold by Jeetendra Kapoor's family to NTT Global Data Centres & Cloud Infrastructure India
 "Actor Jeetendra, family-owned firms sell Mumbai land for ₹855 crore")
Apple leases retail space in Borivali for Rs 2.08 crore annual rent
Apple speeds up India retail entry, 4th store signed
 "Apple leases retail space in Borivali for Rs 2.08 crore annual rent")
Cement firms volumes grow, but realisations decline in Q4 amid weak pricing
In Q4 FY25, pan-India cement prices stood at ₹362 per bag, down by 3 per cent year-on-year
 "Cement firms volumes grow, but realisations decline in Q4 amid weak pricing")
NCLAT suspends insolvency proceedings against Reliance Infrastructure
Reliance Infra says it has fully paid dues claimed by Dhursar Solar Power as NCLAT puts on hold NCLT's May 30 order initiating insolvency against the firm
 "NCLAT suspends insolvency proceedings against Reliance Infrastructure")