ADB unveils new strategy, prioritising urban schemes in India

01 Jun 2023 CW Team

The Asian Development Bank (ADB) has outlined its commitment to India's urban-focused flagship programs and schemes in its newly unveiled country partnership strategy. The ADB's operations in India from 2023 to 2027 will prioritise initiatives aimed at driving structural transformation, fostering job creation, promoting climate-resilient growth, and strengthening social and economic inclusiveness.

While specific details regarding the monetary outlay and implementation of contributions to central and state schemes were not provided, the ADB emphasised its intent to deepen engagement with India and support the nation's pursuit of robust, climate-resilient, and inclusive growth. The strategy recognises the potential of urban areas as engines of growth, aiming to unlock their full potential, enhance industrial competitiveness, and generate employment opportunities in formal manufacturing and services sectors.

Highlighting India's swift recovery from the impact of the COVID-19 pandemic, the ADB acknowledged the country's projected economic growth of 6.4% in FY24, ranking it among the fastest-growing major global economies. This aligns with the Indian government's own projection of 6.5% GDP growth for the current fiscal year. However, the ADB emphasised the need for India to address critical challenges related to infrastructure and human development, income and regional disparities, as well as vulnerability to climate change and natural hazards to sustain inclusive growth.

The new strategy is the result of extensive consultations with government counterparts, the private sector, and other stakeholders within India. Its objective is to support India in achieving a higher growth trajectory. Takeo Konishi, ADB Country Director for India, expressed the bank's commitment to this goal and its determination to work closely with Indian authorities and stakeholders to drive progress.

Real Estate

28 Oct 2025

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..