BUSINESS
ASK Property Fund invests Rs 340 crore in three Mantra Group projects
In a release, ASK Property Fund said that the investment is meant towards Mantra Group's acquisition of two projects through the National Company Law Tribunal's (NCLT) insolvency process, as well as a third project being taken up by the group
BUSINESS
Shree Naman Group, Oberoi Realty emerge top bidders for 11 acre Bandra railway plot
According to tender documents, the plot, wedged between the Western Railway tracks and the Western Express Highway, has a reserve price of Rs 5,365 crore
BUSINESS
Home sales down 1% in 2025, launches down 3%, but observers see momentum steady
A report from Knight Frank India shows that 3,48,207 homes were sold across the top eight markets in India for the year, down from 3,50,612 units in 2024
BUSINESS
Buoyed by safeguard duty, leading steelmakers increase flat steel prices
The increase in prices for steel products, such as hot rolled coils (HRC) and cold rolled coils (CRC) of various grades, is in the range of Rs 1,000 to Rs 2,000 per tonne on a week-on-week basis
BUSINESS
Why major steelmakers are in the Competition Commission of India's crosshairs
The Competition Commission of India (CCI) held 56 top executives, including JSW's Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between 2015 and 2023
BUSINESS
Formalisation, premiumisation driving plywood market despite subdued demand: Century Plyboards's Bhajanka
The plywood segment has been largely growing in the mid-single digits, with unorganised players still cornering around 70 percent of the market
BUSINESS
Abhinandan Lodha-backed Growth Housing completes allotment of 1,419 homes at Naigaon affordable housing project
In a release, the firm also noted that it has received payments for 80 percent of the flats allotted as per schedule from various banks and non-banking financial companies.
BUSINESS
Year-ender: Flex spaces emerge as real estate of the future with scale-up, listings
Observers and industry players have noted that flex space operators are increasingly working with institutional landlords such as REITs and major developers, in order to occupy marquee addresses and increase per-seat rates
BUSINESS
Import curbs, higher costs give steelmakers leverage for price hikes
The levy, locally known as a safeguard duty, will be imposed at 12% in the first year followed by 11.5% in the second year and then 11% in the third year. The measure excludes imports from certain developing countries, though China, Vietnam, and Nepal will be subject to the levy.
BUSINESS
Bagmane targets FY27 net operating income of Rs 2,700 cr, highlights low debt, rentals upside: Sources
The REIT, which has been backed by private equity major Blackstone, has a gross asset value of around Rs 39,000 crore
BUSINESS
Prestige in talks with investors in path to REIT, says offices CEO Marwaha
Prestige has earlier collaborated with external investors such as Blackstone. In 2021, the company sold its then office and mall portfolio of 17 million square feet to Blackstone for $1.5 billion
BUSINESS
From sea-facing duplexes to trophy bungalows: India’s costliest home deals of 2025
These transactions — spanning Mumbai, Delhi and Gurugram — reflected a clear shift towards trophy assets, prime locations and globally benchmarked living standards
BUSINESS
IHCL’s low borrowings obscure a much larger lease liability footprint, quick execution is key, say analysts
The Tata group-owned hospitality company has been highlighting its transition towards a capital-light growth strategy, with a greater focus on operating hotels through management contracts
BUSINESS
How the Ambuja-ACC-Orient merger will help Adani streamline Rs 35,000-crore cement business
According to a presentation circulated by Ambuja Cement, its move to merge the three entities into one will help simplify the manufacturing and logistics networks associated with the multiple firms that form part of Adani's cement universe.
BUSINESS
Expect more REITs to hit the market in 2026: CBRE India
India now has five listed REITs, some backed by major developers, with others floated by major funds such as Blackstone and Brookfield.
BUSINESS
India closes 2025 with a solar capacity glut, faces utilisation, margin test next year
Module and cell margins and growth visibility beyond the traditional module and cell segment are key concerns for domestic PV manufacturers, says DAM Capital.
BUSINESS
Explained: Trump Media’s Rs 1 lakh-crore bet to put Telangana’s Future City on global real estate map
The Future City is expected to anchor sectors such as semiconductors and electronics manufacturing, electric vehicles and advanced mobility, green energy, artificial intelligence, data centres, and life sciences.
BUSINESS
Eyes on untapped luxury markets: Harshavardhan Neotia redefines Ambuja Neotia Group’s success metric
AmbujaNeotia, which owns nine hotels that are run by IHCL under a number of brands, has signed up more than a dozen new properties with them, five of which are under construction
BUSINESS
ArcelorMittal leases 1 lakh sq ft Pune office to set up GCC, paying Rs 63 lakh rent per month
ArcelorMittal took up the space through two leases starting May 2025, leasing a total of four floors at the property, owned by Temasek-backed CapitaLand India Trust (CLINT)
BUSINESS
Plan to get Rs 20,000 crore worth of SM REITs over 3-4 years, says Alt's Kunal Moktan
Alt has floated both of India's first two SM REITs, Propshare Platina and Propshare Titania, located in Bengaluru and Mumbai respectively
BUSINESS
Birla Estates' KT Jithendran is not one for short-term thinking
Jithendran joined Birla Estates in 2016, and has built the real estate business of the Aditya Birla Group almost from the ground up. While the brand equity has helped scaling up, he notes that the firm's long-term project selection and execution will be crucial in deciding its future
BUSINESS
Brookfield to develop 2 million sq ft GCC in Mumbai's Powai, to house major multinational bank
The six-acre land parcel is being developed by a Brookfield venture, with its partner BS Sharma, in an agreement with the Mumbai Metropolitan Region Development Authority (MMRDA)
BUSINESS
Tata Steel goes all in on the domestic market, with acquisitions, expansion plans
On December 10, Tata Steel announced the acquisition of a majority stake in iron ore pellet maker Thriveni Pellets for Rs 636 crore. It has also consolidated its downstream subsidiaries, and announced an expansion in its subsidiary Neelachal Ispat Nigam
BUSINESS
Revival and repurposing: New futures await for India's ghost malls, says Knight Frank report
Of the 365 shopping centres surveyed by Knight Frank in the Think India Think Retail 2025 report, 74 were classified in the ghost category, representing around 15.5 million square feet space
