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Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
Facilities under consideration include schools, Jan Suvidha Kendras, and dedicated sanitation arrangements for women, according to the government's proposed policy plan. The source said the policy is in the final stage and will likely be finalised this month. The government also plans to extend the eligibility cut-off date under the existing policy by around 10 years from January 1, 2015, to January 1, 2025, making many slum dwellers eligible for permanent housing, he said. There are around 75 ...Read More >
NEW DELHI: The Delhi government is set to provide slum dwellers modern amenities like shopping complexes, parking spaces and e-rickshaw charging points as part of a new rehabilitation and resettlement policy being prepared, a source said on Saturday. Facilities under consideration include schools, Jan Suvidha Kendras, and dedicated sanitation arrangements for women, according to the government's proposed policy plan. The policy may to be finalised this month. The government also plans to exte ...Read More >
New Delhi: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on e-commerce platform Snapdeal for selling toys that do not comply with mandatory Bureau of Indian Standards certification, violating the Toys (Quality Control) Order, 2020. A final order against Snapdeal (Ace Vector Limited) has been issued after taking suo-motu cognisance of the matter, CCPA Chief Commissioner Nidhi Khare told PTI. The CCPA has also issued notices to other e-commerce entities, incl ...Read More >
New Delhi: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on e-commerce platform Snapdeal for selling toys that do not comply with mandatory Bureau of Indian Standards certification, violating the Toys (Quality Control) Order, 2020. A final order against Snapdeal (Ace Vector Limited) has been issued after taking suo-motu cognizance of the matter, CCPA Chief Commissioner Nidhi Khare told PTI. The CCPA has also issued notices to other e-commerce entities incl ...Read More >
Indian retail REITs are poised for significant growth, projected to reach Rs 60,000-Rs 80,000 crore by 2030, forming a substantial portion of the overall REIT market. As Grade A malls mature into stable assets, 2-3 new retail REITs are expected to launch, mirroring global trends where retail REITs are a key market component. Indian retail Real Estate Investment Trusts (REITs) could become a Rs 60,000-Rs 80,000 crore market by 2030, roughly 30-40% of India's overall REIT market, which is project ...Read More >
India's office leasing market achieved a record performance in the first nine months of 2025, with the absorption hitting 59.6 million square feet, a report said on Monday. Technology companies held the highest share in office leasing between January and September, said the report from real estate consultancy CBRE South Asia Pvt. Ltd. "As occupiers seek future-ready spaces, sustained preference for flight-to-quality assets continues to anchor this momentum. The sustained leasing in premium ass ...Read More >
New Delhi: The Centre has issued operational guidelines for the deployment of about 72,300 public EV charging stations across the country with a Rs 2,000-crore outlay under the Rs 10,900 crore PM E-DRIVE scheme. The norms recommend a tiered subsidy structure to be followed to support the installation of EV charging infrastructure across different locations.Government premises such as offices, residential complexes, hospitals, and educational institutions will receive 100 per cent subsidy on bot ...Read More >
MUMBAI: Stencilled just above the stairs, the red mark in Mumbai's Dharavi slum is tantamount to an eviction notice for residents like Bipinkumar Padaya. "I was born here, my father was born here, my grandfather was born here," sighed the 58-year-old government employee. Advertisement "But we don't have any choice, we have to vacate." Soon, bulldozers are expected to rumble into Asia's largest slum, in the heart of the Indian megalopolis of Mumbai, flattening its labyrinth of filthy alleyways ...Read More >
Bipinkumar Padaya (C) live in a one-storey home crammed into a tangle of alleys Stencilled just above the stairs, the red mark in Mumbai's Dharavi slum is tantamount to an eviction notice for residents like Bipinkumar Padaya. "I was born here, my father was born here, my grandfather was born here," sighed the 58-year-old government employee. "But we don't have any choice, we have to vacate." Soon, bulldozers are expected to rumble into Asia's largest slum, in the heart of the Indian megalopo ...Read More >
New Delhi, Sep 15 Food and Beverage (F&B) industry's share in overall retail leasing grew from 16 per cent in 2023 to 22 per cent in 2025 across the top seven cities in India, a report said on Monday. New Delhi, Sep 15 (IANS) Food and Beverage (F&B) industry's share in overall retail leasing grew from 16 per cent in 2023 to 22 per cent in 2025 across the top seven cities in India, a report said on Monday. The sector has emerged as the cornerstone of the country's retail real estate growth, wit ...Read More >
India's Food and Beverage (F&B) sector has become a key driver of retail real estate growth, recording about 4 million sq ft of leasing across seven major cities since the last two years. Bengaluru led the trend, accounting for nearly one-third of this activity. In response to strong demand, developers plan to allocate up to 25% of space in upcoming destination malls to F&B. By 2028, around 6 million sq ft of F&B space is expected to come up across the top seven cities, a report by JLL India has ...Read More >
AI image Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the country's first REIT listing in 2019, the sector has expanded to a market capitalisation of nearly $18 billion as of August 2025. With three ...Read More >
Indian Real Estate Investment Trusts (REITs) generate an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. CREDAI, the apex body of Indian real estate developers, and property consultant Anarock released a report 'Indian REITs - A Gateway to Institutional Real Estate' at an event here. At present, there are five listed REITs in India - Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mi ...Read More >
Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by Credai and Anarock. Credai, the apex body of Indian real estate developers, and property consultant Anarock released a report 'Indian REITs - A Gateway to Institutional Real Estate' at an event here. At present, there are five listed REITs in India - Brookfield India Real Estate Trust, Embassy Office Parks RE ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi, Aug 26 (PTI) India's Real Estate Investment Trust (REIT) market is gaining momentum with nearly 140 million sq ft of office and retail real estate already in the portfolio of five trusts listed on stock exchanges, according to Colliers India. Real estate consultant Colliers India noted that the REIT market in India is "steadily progressing from a 'nascent' to 'early growth' stage. Stating that around 500 million sq ft of office assets are REIT-worthy, the consultant said the four li ...Read More >
SHILLONG, July 10: Union Finance Minister Nirmala Sitharaman on Thursday inaugurated Shillong's first modern shopping mall at Polo. A host of dignitaries, including Chief Minister Conrad K Sangma, Deputy Chief Minister Sniawbhalang Dhar, Health Minister Ampareen Lyngdoh, Chief Secretary DP Wahlang, Commissioner and Secretary, Vijay Kumar D, and Urban Affairs Director PK Boro, were present at the inauguration. The Polo shopping mall was developed under the Shillong Smart City project and constr ...Read More >
Tirupati/Chittoor: After chilli and tobacco farmers, mango growers are now in focus as YSRCP chief Y S Jagan Mohan Reddy looks to raise the political heat in the state. A bumper mango yield this year has brought little joy to farmers, who are struggling with falling prices. Despite the state government's swift action, announcing subsidies and deploying officials to assist distressed farmers, the issue has turned political. Looking to capitalise on the unrest, Jagan will visit Bangarupalem mark ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu directed officials to transform the state into a zero-crime-rate state by leveraging technology. He emphasised that Andhra Pradesh should become a model state in law and order monitoring through effective use of technology. The Chief Minister conducted a review with officials on real-time governance at the Secretariat. He instructed that crime hotspots be continuously monitored through CCTV cameras to control criminal activities. He also directed o ...Read More >
: In a major push towards transforming Andhra Pradesh into a technology-driven and crime-free State, Chief Minister N. Chandrababu Naidu on Monday laid out a roadmap to achieve "zero crime rate" using advanced surveillance and digital tools. Chairing a review meeting on Real-Time Governance (RTG) at the Secretariat in Amaravati, the Chief Minister emphasised leveraging cutting-edge technology to strengthen law and order, ensure public safety, and modernise welfare delivery mechanisms. "We must ...Read More >
Delhi Mall Fire Tragedy: A disturbing voice message from Kumar Dhirender Pratap, who was 25 years old and an aspirant for UPSC, has generated outrage as he passed away in a raging fire at Vishal Mega Mart, Karol Bagh. Stranded in a smoke-filled elevator, Pratap had left his last messages for his older brother at 6:51 pm, "Bhaiya ab saans phool raha. Kuch karo" (Brother, I am short of breath now. Do something). Pratap, a resident of Sonbhadra, Uttar Pradesh, had come back to Delhi only 48 hours ...Read More >
Warangal/Karimnagar: Muted salary growth, rising aspirations, higher costs, and financial mismanagement have become a deadly cocktail for the middle class people, especially salaried class, which is getting them sucked into a vortex of indebtedness. According to RBI, nearly a third of credit card users across India have either defaulted or made delayed payments in 2024. The surge in indebtedness is primarily driven by people's indiscriminate use of credit cards, which banks had issued easily to ...Read More >
Lucknow: A man accused of kidnapping and raping a three-year-old girl in Lucknow was killed in an encounter with police in the early hours of Friday. The accused was identified as Deepak Verma, 24.Police said he was a habitual offender, and several criminal cases were lodged against him at various police stations. Police had announced a reward of Rs 1 lakh for any information leading to his arrest.On Thursday, a complaint was registered at Alambagh police station that a three-year-old girl was k ...Read More >
Srinagar, June 06: The chronic shortage of adequate parking spaces in Srinagar's principal commer-cial districts is causing mounting concern, with both traders and shoppers voicing frustration over its impact on business and daily life. As vehicle numbers continue to rise, bustling marketplaces such as Lal Chowk, Nowhatta, Khawaja Bazar, Goni Khan, Khanyar, Khayam, Bohrikadal, and Maharaja Bazar are struggling to accommodate visitors. The scarcity is discouraging potential customers, leading to ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Ju ...Read More >
Chandigarh, Jun 6 (PTI) A man was shot dead while his accomplice was injured after unidentified armed assailants opened fire at them near a shopping mall in Haryana's in Panchkula district, police said on Friday. The incident took place late Thursday evening in the Pinjore area, they said. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. Police said the deceased was identified as Sonu Nolta, aged around 30, and the injured w ...Read More >
Mumbai's new Sky City Mall -- image credit: Sky City Mall, Incline Realty Apple's retail expansion in India continues, with the latest being a new brick and mortar store planned for the country's newest shopping mall in Mumbai. Following Tim Cook and Deirdre O'Brien opening Apple's first store in Mumbai in 2023, the company is now, as expected, preparing to open a second Apple Store in the city. According to The Hindu Business Line, Apple has signed a lease for 10 years and 10 months for 12,61 ...Read More >
Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world's largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site. There, on the outskirts of Pune, Chakan V, a sprawling mega logistics park covering 2.6 million sq. ft, is coming up. While the size of the industrial facility is impressive in ...Read More >
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