Environment Ministry greenlights Dighi Port Industrial Area

Incuspaze Acquires VSKOUT to Boost CRE Data Capabilities

Incuspaze, a leading provider of flexible workspaces in India, has announced the acquisition of VSKOUT, a B2B SaaS platform offering advanced data analytics for the commercial real estate (CRE) sector. The acquisition, structured as a mix of cash and equity swap, aligns with Incuspaze’s strategy to deepen its technology integration and enhance data-driven decision-making in real estate.Established in 2016, VSKOUT is recognised for its proprietary analytics tools, data mapping, and predictive intelligence within the Indian CRE market. By integrating VSKOUT’s platform with Incuspaze’s nati..

Adani Secures Rs 3.6 Trillion Motilal Nagar Project

The Adani Group has secured its third major project in Mumbai—redevelopment of the Motilal Nagar colonies in Goregaon (West)—after clinching the Dharavi redevelopment and Bandra Reclamation land parcel deals. The Maharashtra Housing and Area Development Authority (MHADA) signed the redevelopment agreement with Adani Group on 7 July for Motilal Nagar 1, 2, and 3.The project, with an estimated cost of Rs 3.6 trillion, is one of the largest housing redevelopment initiatives in India and spans 142 acres. Under this agreement, Adani Group has been officially appointed as the Construction and De..

NPCI Buys Land in BKC for Rs 8.29 Billion HQ

The National Payments Corporation of India (NPCI) has acquired a 1.5-acre land parcel from the Mumbai Metropolitan Region Development Authority (MMRDA) in Mumbai’s Bandra-Kurla Complex (BKC) for Rs 8.29 billion to establish its new headquarters, according to property registration documents accessed by Propstack.NPCI has signed an 80-year lease agreement with MMRDA for amalgamated plots C-44 and C-48 in G Block of BKC, India’s most premium commercial district. The lease permits construction of a maximum built-up area of 24,076.4 square metres (around 259,000 square feet). However, NPCI plan..