DIRECTORATE OF ESTATES
AI majors building India base in Bengaluru boosting space demand
Bengaluru is rapidly becoming a global hub for AI innovation as major tech companies like Anthropic and OpenAI establish new offices. European firm Mistral AI is also in talks to open a capability center, drawn by the deep engineering talent.
Don’t wait till possession: 4 parking checks every homebuyer must do early
Homebuyers often face parking disputes after taking possession of their homes. Experts advise checking parking space dimensions, legal terms, and local bylaws before buying. Developers may squeeze parking areas due to utility spaces. Verify actual basement parking size and contractual agreements to prevent future conflicts. Parking is a legal and technical due diligence matter.
Sector rotation underway: 3 themes to watch for your portfolio, says Devang Mehta
India's stock markets are experiencing a sector rotation, with consumption stocks like tobacco and alcobev surging after years of quiet. Investors who missed the recent Nifty rally are advised to focus on three key themes: financialization of savings, capital expenditure and infrastructure, and consumption, particularly the automobile sector, for sustained growth over the next two to three years.
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hub
Indian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC, and Singapore emerging as key contenders. Each hub offers distinct advantages in access, tax efficiency, and regulatory comfort, catering to different investor profiles from first-generation entrepreneurs to established family offices.
Mumbai’s skyline is soaring. So is the pressure on housing
Mumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu Virmale negotiate for modern housing. Developers are redeveloping slums, promising new apartments but raising concerns about displacement and the loss of community. This transformation is reshaping the city's skyline and its social fabric.
ET Family Business Awards: Muthoot FinCorp's journey from a modest Kerala based player to a national giant
Muthoot FinCorp, a family business with roots tracing back to 1887, has evolved into a nationwide financial services player, earning the ET Family Business of the Year-Large award. The company's success is attributed to its diversification, digital transformation, and expanded credit access, reflecting nearly 140 years of growth and adaptation.
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E-commerce drives warehousing surge; leasing rises by 22% in Q1
India's industrial and warehousing sector saw its strongest quarterly growth in early 2026. E-commerce and 3PL players drove this surge, leasing significant space. Quick commerce is reshaping demand, accelerating the need for smaller warehouses. Despite geopolitical concerns, strong fundamentals and policy support are expected to sustain market growth.
Aroop Biswas under pressure as Tollygunj simmers over jobs, deleted votes, Tollywood control
Kolkata’s Tollygunj—long a stronghold of Aroop Biswas—is witnessing rare political churn ahead of the 2026 polls, with voter anger building over job losses, deletion of over 43,000 names from electoral rolls, and allegations of entrenched local and industry-level control by the Biswas brothers. A triangular contest involving the TMC, BJP and CPI(M) has turned the seat into a high-stakes battle, testing whether one of the Trinamool Congress’s last urban bastions can hold amid rising discontent and shifting voter dynamics.
India's top 8 cities see 24% dip in net office leasing in Jan-Mar: C&W
Office space leasing saw a 24 percent drop in early 2026 across India's major cities. This slowdown occurred due to reduced demand and challenges in new office space availability. Despite this, overall leasing activity increased. Global companies remain a key driver of demand. Experts anticipate a stable market with ongoing demand outpacing new supply.
Brigade Enterprises to build 39-acre township in Bengaluru, aims Rs 7,200-cr revenue
Realty firm Brigade Enterprises Ltd on Wednesday said it will develop a 39-acre township project in Bengaluru with an estimated revenue potential of Rs 7,200 crore.
Sowparnika Projects eyes Rs 500 crore fundraise to double revenue
Sowparnika Projects is in advanced talks to raise Rs 500 crore for expansion, aiming to develop 5.5 million sq ft across South India over the next two years. The real estate firm targets doubling its turnover to Rs 1,500 crore by FY2026-27, with a focus on the mid and upper-mid residential market.
Suraj Estate shares jump 15% on Dadar land acquisition deal in Mumbai; co eyes Rs 100 crore GDV
Suraj Estate Developers’ shares rose sharply on Thursday after the company acquired a Dadar (West) land parcel valued for a project with Rs 100 crore GDV. The Rs 18 crore acquisition strengthens its South-Central Mumbai pipeline, with management saying the deal boosts medium-term revenue visibility and long-term growth.
Beyond wage protest: Bureaucracy, compliance burden strain Noida-Greater Noida MSMEs
Industry stakeholders say legacy bureaucratic systems and entrenched administrative practices are undermining MSMEs’ momentum in the region.
Sowparnika Projects in talks to raise Rs 500 cr for expansion
Sowparnika Projects is in advanced talks to raise ₹500 crore from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital to fund its expansion across South India. The company plans to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years and aims to nearly double its revenue to ₹1,500 crore by FY27.
E-commerce, 3PL drive surge in warehouse leasing
India’s industrial and warehousing sector recorded a four-year-high quarterly growth in early 2026, driven by strong recovery in ecommerce demand and large leasing deals across major cities. According to Colliers India, leasing activity rose to 11 million sq ft, with key demand coming from ecommerce, 3PL, and automobile companies such as Amazon, Blinkit, Reliance, and DHL, while rapid expansion of quick commerce continues to reshape logistics infrastructure needs.
Ashiana Housing to invest Rs 800 crore for land acquisition in FY27
Ashiana Housing plans to invest ₹800 crore in land acquisition across India in FY27, a senior executive said. The company reported record senior living sales of ₹570.2 crore in FY26, driven by strong demand in the segment.
Maran case: SpiceJet asks for more time to deposit Rs 144 cr
SpiceJet faces a critical juncture. The airline informed the Delhi High Court that an immediate Rs 144 crore deposit in a dispute with Kalanithi Maran would lead to its collapse. SpiceJet proposed offering land as security, seeking time to navigate the aviation sector's current challenges. The court will hear the matter again soon.
Sumitomo Corp JV firm Krisumi to invest Rs 4,500 cr on housing project in Gurugram
Realty firm Krisumi Corporation Ltd, a joint venture between Japan's Sumitomo Corporation and Krishna Group, will further invest around Rs 4,500 crore over the next 6-7 years on its ongoing 33.5 acre luxury housing project in Gurugram.
Sumitomo Corp JV firm Krisumi to invest Rs 4,500 cr on housing project in Gurugram
Krisumi Corporation is embarking on an extraordinary journey, planning to infuse Rs 4,500 crore into its luxurious Gurugram housing project over the next 6-7 years. Since 2019, the company has already committed Rs 2,500 crore, marking significant progress. 'Krisumi City' is well underway, with the first phases already delivered to eager homeowners.
The Rs 1 crore sweet spot: Prestige Group's Irfan Razack says housing demand shows no signs of letting up
India's residential real estate market is defying the gloom. Prestige Group crossed the ₹30,000 crore mark in housing sales for the full year, well ahead of its own guidance, and its chairman says the demand engine is still running hot.
Oberoi Realty & Nirmal Lifestyle get NCLT approval for merger
The National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Realty's group structure and enhance operational efficiencies. Nirmal Lifestyle Realty will be dissolved without winding up. The amalgamation aims to optimize resource utilization and provide a clearer strategic roadmap.
Dubai links property and residency services under single system
Dubai has unified real estate and residency services into a single system to streamline processes for residents and investors. This integration, a collaboration between the General Directorate of Identity and Foreigners Affairs and the Dubai Land Department, aims to reduce processing times and enhance coordination.
Malls, high-streets in NCR clock 45 pc rise in leasing of retail spaces in Jan-Mar: C&W
Retail space leasing in Delhi-NCR saw a significant 45% jump in the first quarter of this year. Nearly 6 lakh sq ft of space was leased, a notable increase from the previous year. Shopping malls led this demand, accounting for 64% of the total leasing. Delhi-NCR emerged as the top city for retail leasing activity in India.
Quote of the day by Kate Winslet: ‘No one really knows why my first marriage did not last; no one knows why my second didn’t. I am proud of those silences. No one really knows what has happened in my life’
Hollywood star Kate Winslet champions privacy as a form of self-preservation, choosing not to overshare personal struggles. Her marriages to Jim Threapleton and Sam Mendes ended in divorce, with Winslet later finding happiness with Edward Abel Smith. She emphasizes that not all personal experiences require public explanation, valuing the dignity of silence.
You need more than lifting the corp veil
The National Consumer Disputes Redressal Commission has made a bold move by dissolving the corporate barrier between Ansal Properties and its affiliated company, Ansal Hi-Tech Township. This decisive action comes in response to their non-compliance with previous directives to refund disgruntled homebuyers.
India set to become YOO’s biggest market for branded residences
Global design brand YOO sees India as its top market for branded residences. The company is exploring new projects in Pune and Kolkata, with interest also coming from tier-2 cities. YOO has already completed several projects in India and is in talks for more. This growth signals strong demand in the Indian real estate sector.
Dalcore to invest Rs 500 cr to build branded luxury homes in Gurugram
Realty firm Dalcore on Thursday said it will invest Rs 500 crore to develop a luxury housing project at Gurugram, in partnership with a global design and lifestyle brand YOO.
Prestige Estates rides Q4 momentum to finish FY26 on a big high, makes record Rs 30,024 crore in pre-sales
Prestige Estates Projects Ltd saw a 10 percent rise in pre-sales for the fourth quarter of the last fiscal year. The company achieved a record Rs 30,024 crore in sales bookings for the entire 2025-26 fiscal. This growth reflects strong demand for housing properties across key markets.
Max Estates Q4 pre-sales at Rs 3,392cr, FY26 bookings flat at Rs 5,305cr
Realty firm Max Estates Ltd on Monday reported its sales bookings at Rs 3,392 crore for the fourth quarter of the last fiscal year on better demand for its properties.
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