Delivery of 200 Vande Bharat sleeper coaches likely to get delayed

Mahindra Lifespaces Eyes Rs 100 Bn Sales by FY30

Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, is aiming to more than triple its sales to Rs 100 billion by FY30, up from Rs 33 billion achieved in FY25.Managing Director and CEO Amit Kumar Sinha stated that the company already holds 70–80 per cent of the land bank required to meet this target. “We’ve significantly scaled up our GDV (gross development value), but we’re not under pressure to chase land deals,” he said. GDV represents the estimated revenue a development project could generate upon completion.Mahindra Lifespaces’ annual GDV has expanded from..

TCS Leases 6.3 Lakh Sq Ft in Chennai for Rs 28 Mn Monthly

Tata Consultancy Services Ltd (TCS) has leased 630,000 square feet of office space at Ozone Techno Park in Navalur, Chennai, at a monthly rent of Rs 28 million, according to documents accessed by property analytics firm Propstack.The lease, which spans seven floors, commenced on 15 March 2025, and has a ten-year tenure with a three-year lock-in period until March 2028. The landlord for the property is Platinum Holdings Pvt Ltd, and TCS has reportedly paid a security deposit of Rs 255 million.The rent is priced at Rs 45 per sq ft per month, with a 12 per cent escalation every three years. The p..

Elan Awards Rs 11 Bn Contract to Leighton for Gurugram Project

NCR-based real estate developer Elan Group has awarded a Rs 11 billion construction contract to Leighton Asia, a part of Australia's CIMIC Group, for the development of Elan The Emperor, an ultra-luxury residential project in Sector 106, Dwarka Expressway, Gurugram.The development, spread across nearly 5 million square feet of built-up area, is part of Elan’s 50-acre integrated township and is designed to achieve IGBC LEED Gold Certification, affirming its focus on sustainability and green building standards.The contract includes significant civil and MEP (Mechanical, Electrical, Plumbing) w..