BUSINESS
Festive season sales grew 13% during festive season, sales growth broad-based: Nexus Select Trust
Rajesh Deo, chief financial officer of the real estate investment trust (REIT), said that besides an increase in footfall, the trust has also seen an increase in spends per customer, at a time when urban consumption remains sluggish
BUSINESS
Indian Metals and Ferro Alloys aims for accelerated expansion after Tata Steel plant buy
IMFA is implementing the first phase of its expansion plant at its own, greenfield project in Kalinganagar, that will add around 100,000 TPA in terms of capacity. It is expected to be commissioned in phases from June 2026
BUSINESS
Rakshit Hargave quits as Birla Opus CEO, heads back to FMCG with Britannia
Aditya Birla Group veteran Himanshu Kapania, who is the managing director of Birla Opus, will now oversee day-to-day operations at the paints division, Grasim announced in a stock exchange filing
BUSINESS
Smartworks signs deal with Hiranandani Group for India's largest flexible office campus in Mumbai
According to market sources, Smartworks will pay the Hiranandani Group a starting lease rental of Rs 121.55 per square foot, with the lease running for five years after the delivery of the office campus, expected in the second half of 2026
BUSINESS
Lodha plans data centre development in Palava, cites 'humongous opportunity' for cash flows
The company's executive director- finance, Sushil Kumar Modi, said in an interaction with Moneycontrol that with India still underserved with data centre capacity, the data centre play is expected to provide significant topline and profits for the company in the longer term
BUSINESS
Electronics manufacturing push towards communications, light engineering segments: L&T management
L&T said that private sector investments are showing signs of a pickup, with orders from real estate, data centres, hospitals, and airport projects picking up in Q2
BUSINESS
Redevelopment will not flood Mumbai housing market: Birla Estates CEO
Asked about the relative slow pace of project additions in the ongoing financial year, Birla Estates CEO KT Jithendran said that the company has a 'healthy pipeline' of projects, with additions of a total gross development value of Rs 10,000 crore to Rs 15,000 crore expected by the end of FY26
BUSINESS
IKEA to open first physical store in Pune, rents space in Viman Nagar mall for Rs 38 lakh/month
The documents state that the lease is valid for 59 months, located on the ground floor of the property. IKEA will also pay an enhanced lease rent of Rs 42.70 lakh per month from the 37th month of the lease
BUSINESS
To continue US investments, AI data centres driving renewables demand: Waaree Energies
US power producers have added 12 GW of utility-scale solar power in the first half of 2025, according to a report from the Energy Information Administration
BUSINESS
UltraTech confident of increasing market share with large scale capacity expansion plan
While the company's previous organic capacity addition, and acquisitions, were centred around the southern and eastern markets, it has now definitively pivoted to the northern and western markets in its expansion drive
BUSINESS
Hospitality chain Chalet Hotels to use global tie ups even as it adds properties under premium brand Athiva
Around 900 rooms are expected to be added under the Athiva brand - across six properties - with the first one under the brand opening on October 16, at Khandala, near Mumbai.
BUSINESS
Amitabh Bachchan buys three plots at HoABL's Alibaug project for Rs 6.6 cr
The three agreements were registered on October 7, according to the documents. Bachchan also paid Rs 39.58 lakh as stamp duty for the transactions
BUSINESS
CRISIL moves Mumbai headquarters to Saki Vihar Road, to pay nearly Rs 600 cr rent over 15 yrs
CRISIL's lease on the new property, spanning the tenth to the 15th floor, started on August 31, with the firm paying a monthly rent of Rs 2.35 crore, translating to a starting per square foot per month rate of Rs 94
BUSINESS
One Euro homes in Italy? Not quite, say experts, with second home purchases in Europe for Indians easier elsewhere
Most of the 'one euro' properties are dilapidated and located in far-off areas. Besides, Indians need to form a limited liability company to buy property in Italy, with complex bureaucratic requirements. Easier options for second homes are available in countries like France, UK, Portugal, and in eastern Europe
BUSINESS
Dharma Productions leases 5,500 sq ft office space in Andheri with starting rent of Rs 15 lakh
Dharma is expected to pay around Rs 7.75 crore in rent over the lease tenure. Besides the rent, the deal also includes a security deposit of Rs 1 crore, as well as stamp duty of Rs 2.04 lakh
BUSINESS
Flat quarter for residential properties, office leases trend lower, shows Knight Frank report
For residential properties, much of the "stress" and inventory build-up has been in the luxury and ultra-luxury categories, especially in the Rs 20-50 crore and Rs 50-100 crore segments, with low supply in the affordable categories also keeping volumes in check.
BUSINESS
Festive season expected to drive real estate surge, inquiries up by 10–15%, but developers keep incentives
Market observers said that developers and brokers are continuing to attract customers using incentive schemes, including discounts, white goods (electronic items), and payment plans.
BUSINESS
How two upcoming airports—Navi Mumbai and Jewar in Noida—are sparking a gold rush for land speculators
According to data from real estate consultant InvestoXpert, in the Yamuna Expressway region, plot values skyrocketed 536%, from Rs 1,650 to Rs 10,500 per sq ft, between 2020 and 2025. Similarly, developers and brokers report 200–300% appreciation in select pockets near the Navi Mumbai airport over the past five years.
BUSINESS
Seaside leisure home developers scout coastal Maharashtra, Gujarat for destinations beyond Goa
Real estate observers say that with Goa facing a scarcity of land for construction and large projects driving up prices, other destinations need to be unlocked.
BUSINESS
Nuvama-Cushman fund buys out Keppel's Chennai office campus for Rs 2,550 crore
This is the second acquisition by the fund after it bought an office space in Delhi from Kotak Alts earlier this year for Rs 750 crore
BUSINESS
Former Lodha Developers director Rajendra Lodha's police custody extended to September 29
Lodha Developers accused in a FIR that Rajendra Lodha, along with his son and other associates, had defrauded the company of around Rs 85 crore through bogus land transactions, sale of company land at undervalued rates, and large-scale cash transactions
BUSINESS
Blackstone-backed Lumina buys 3.8 acre Mumbai land for Rs 475 cr to expand data centre play
The deals underscore moves by major data centre players, including hyperscalers and data co-location operators, to ramp up data centre capacity especially in the Mumbai metropolitan region, the largest data centre market in India
STARTUP
Quick commerce firms struggle to secure prime dark store locations in metros, face worker crunch
With most prime catchments in metros already taken, quick commerce firms are contending with soaring vacancy rates and high churn at dark stores, even as new vertical players crowd into the market.
BUSINESS
Abhinandan Lodha plans to 'cut flab', integrate technology in affordable housing push
Abhinandan Lodha-led Growth Housing has launched its first project at Naigaon, with prices starting at around Rs 33 lakh for a one-bedroom apartment. The company said that it has identified around seven new locations for affordable housing projects
