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IBM India has leased 2.83 lakh sq ft at Radon Tower in Bagmane Solarium City, Bengaluru, under a 10-year agreement. The deal carries an estimated rental cost of Rs 522 crore, with monthly rent starting at Rs 2.49 crore and fit-out spending of about Rs 179 crore over five years.
10:51 PMEconomic Times Realty
Aditya Birla Real Estate plans to develop a 5.62-acre residential project in Hinjewadi, Pune, through a joint development agreement. The project will have about 1.25 million square feet of saleable area and is expected to generate Rs 1,650 crore in revenue.
10:10 AMEconomic Times
The Maharashtra Housing and Area Development Authority has sought police action against 23 developers accused of failing to transfer land reserved for affordable housing. Police have not yet initiated the FIR process, leaving the matter pending.
12:16 AMEconomic Times RealtySummary
IBM India has leased 2.83 lakh sq ft at Radon Tower in Bagmane Solarium City, Bengaluru, under a 10-year agreement. The deal carries an estimated rental cost of Rs 522 crore, with monthly rent starting at Rs 2.49 crore and fit-out spending of about Rs 179 crore over five years.
IBM's long-term commitment signals sustained demand from large technology occupiers for institutional-grade Bengaluru offices. The
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large, long-duration lease strengthens Bengaluru's position as a core market for enterprise office demand and supports landlords with high-quality, predictable cash flows.
Summary
Aditya Birla Real Estate plans to develop a 5.62-acre residential project in Hinjewadi, Pune, through a joint development agreement. The project will have about 1.25 million square feet of saleable area and is expected to generate Rs 1,650 crore in revenue.
The project expands Birla Estates' presence in Pune without requiring an outright land acquisition, using
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal adds a substantial Pune project to Aditya Birla Real Estate's development pipeline while limiting upfront land costs.
Summary
The Maharashtra Housing and Area Development Authority has sought police action against 23 developers accused of failing to transfer land reserved for affordable housing. Police have not yet initiated the FIR process, leaving the matter pending.
The immediate shift is from regulatory non-compliance to potential criminal proceedings, but enforcement has stalled
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The case will test whether Maharashtra can turn affordable-housing obligations into enforceable penalties rather than allowing prolonged non-compliance.
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