 "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 3 - Prachi Pisal
ASK Property Fund announces Rs 400 cr exit from MMR, Gurgaon investments
Fund exits two residential real estate investments in Mumbai and Gurgaon, realising strong returns with IRRs of up to 21 per cent and healthy investment multiples
 "ASK Property Fund announces Rs 400 cr exit from MMR, Gurgaon investments")
Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai
Developer plans 11 sea-facing projects across key Mumbai locations, betting on sustained HNI demand and overseas interest despite recent softness in housing sales
 "Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai")
Permira to invest $100 million in SILA to back expansion, tech push
Permira to invest $100 million in SILA to support technology-led expansion and strengthen its presence across India's built-environment services ecosystem
 "Permira to invest $100 million in SILA to back expansion, tech push")
Stable repo rate to sustain housing demand, office leasing momentum
Industry stakeholders say stable borrowing costs will sustain homebuyer confidence, support demand across residential and commercial segments, and provide predictability amid economic uncertainty
 "Stable repo rate to sustain housing demand, office leasing momentum")
India's residential market cools; office leasing hits quarterly high
Residential demand shows early signs of moderation amid rising prices and affordability pressures, while office leasing surges on strong GCC demand and tightening vacancy levels
 "India's residential market cools; office leasing hits quarterly high")
Nexus Select Trust to acquire Kolkata's Diamond Plaza mall for ₹347.5 cr
Acquisition of Diamond Plaza in Kolkata will help Nexus Select Trust expand its footprint in eastern India and strengthen its retail portfolio
 "Nexus Select Trust to acquire Kolkata's Diamond Plaza mall for ₹347.5 cr")
Savills acquires majority stake in Hotelivate to expand APAC advisory
Deal aims to build a unified hospitality advisory platform across Asia Pacific, combining Hotelivate's sector expertise with Savills' global real estate capabilities
 "Savills acquires majority stake in Hotelivate to expand APAC advisory")
Birla Estates clocks over ₹1,600 crore in bookings at Gurugram project
Nearly 97 per cent of the residences - 152 of 156 units - have been sold, underlining strong buyer confidence in the brand's luxury developments in Gurugram
Iran war-led deferments drag Lodha Developers' FY26 pre-sales below target
The company expects to reduce business development investments over the next 24 months and increase free cash flow
 "Iran war-led deferments drag Lodha Developers' FY26 pre-sales below target")
Mixed Q4 seen for top realty players amid launch delays, softer sentiment
West Asia conflict weighs on margins; prolonged war a risk to profitability
 "Mixed Q4 seen for top realty players amid launch delays, softer sentiment")
Aristo Pharmaceuticals buys office space for ₹111 crore in Andheri West
Pharma firm acquires office units in Parinee I building as Mumbai office market sees rising absorption, lower vacancies, and steady growth in rentals
 "Aristo Pharmaceuticals buys office space for ₹111 crore in Andheri West")
Moving to three-layer structure to flatten hierarchy, says Gautam Adani
Gautam Adani says group is redesigning structure to boost agility and decision-making, while APSEZ targets 1 billion tonnes cargo handling by 2030
 "Moving to three-layer structure to flatten hierarchy, says Gautam Adani")
India's Reit market gathers momentum, beats peers on returns: Anarock
India's Reit market gains traction with strong returns, high occupancy and regulatory support, outperforming Asian peers and drawing rising investor participation
 "India's Reit market gathers momentum, beats peers on returns: Anarock")
APSEZ handles 500 MT cargo in FY26, eyes 1 billion tonnes by 2030
Adani Ports handled 500 million tonnes of cargo in FY26, up 11.1 per cent year-on-year, and reaffirmed its target of reaching 1 billion tonnes by 2030
 "APSEZ handles 500 MT cargo in FY26, eyes 1 billion tonnes by 2030")
Danube Properties launches Greenz project with villas, townhouses in Dubai
Danube Properties launches Greenz By Danube in Dubai, marking its entry into master-planned communities with villas and townhouses priced from AED 3.5 million
 "Danube Properties launches Greenz project with villas, townhouses in Dubai")
Real estate gets $1.4 bn of institutional investments in Q1 2026: Report
India's real estate sector drew $1.4 billion in institutional investments in Q1 2026, led by commercial assets and strong domestic inflows despite a quarterly decline, Vestian said
Maharashtra RERA approves 1,060 housing projects around Gudhi Padwa
MahaRERA approved 1,060 housing projects around Gudhi Padwa, including new registrations, extensions and corrections, with maximum activity in MMR and Pune regions
Mindspace REIT to acquire Chennai office assets for ₹2,541 crore
Acquisition of two Chennai office assets from sponsor portfolio to strengthen Mindspace REIT's presence and expand leasable portfolio and asset base
 "Mindspace REIT to acquire Chennai office assets for ₹2,541 crore")
Mumbai records best March in 14 years with over 15,500 registrations
City records 15,516 property registrations in March 2026, highest in 14 years, with strong end-user demand and rising share of mid-income housing
Brookfield India REIT names Shashank Jain as CEO, Alok Aggarwal to retire
Jain, joining from PwC India, will take charge from July 2026 as current chief Alok Aggarwal retires after leading the REIT since its inception in 2021
 "Brookfield India REIT names Shashank Jain as CEO, Alok Aggarwal to retire")