Adani Electricity Mumbai secures sovereign-grade rating after years of deleveraging

Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]

HERE Solutions leases over 2 lakh sq ft office space in Navi Mumbai for ₹147 crore over 10 years

HERE Solutions India Private Limited, an IT firm, has signed a long-term lease for commercial office space spanning 2.08 lakh sq ft in Mindspace Business Park, Airoli, Navi Mumbai, near Mumbai, at a total rent of ₹147 crore for 10 years, according to property registration documents accessed by Propstack. Mumbai real estate update: HERE Solutions […]

I Just Doubled My Stake in a Historically Cheap Gig Economy Stock That’s Cratered 95% Over the Last 5 Years

Though the bulls are running wild on Wall Street, not every stock has been a winner. Since peaking in February 2021, this online services marketplace has been battered by changing labor force dynamics and concerns about the rise of artificial intelligence. However, this inexpensive company is flush with cash, ideally positioned to take advantage of […]

Delayed possession: After 17 years, stalled Mumbai redevelopment project revives as MHADA lifts stop-work notice

When Abhishek Ragnathan booked his 3-BHK home in 2013 for ₹1.70 crore, he was in his early 30s, planning a future with his family. Thirteen years on, at 42, the apartment remains unfinished. Life, however, has moved on at a steep emotional and financial cost. Like Abhishek, hundreds of homebuyers invested their life savings, took […]

UK’s University of York leases 37,602 sq ft office space in Mumbai’s Powai for nearly ₹50 crore for five years

UK-based University of York has leased 37,602 sq ft of commercial space in Powai, Mumbai, for a monthly rent of nearly ₹50 crore for a tenure of around five years, according to property registration documents accessed by Propstack. Mumbai real estate update: UK-based University of York has leased 37,602 sq ft of commercial space in […]