News
Brookfield India REIT’s net operating income up 16% to Rs 488.5 crore in Q4 FY25
Private equity giant Brookfield-sponsored Brookfield India Real Estate Trust reported an increase of 16 percent in its net operating income for the quarter ending March 31 to Rs 488.5 crore, while the real estate investment trust’s (REIT) distributions for the reporting quarter also grew by 10.5 percent year-on-year to around Rs 319 crore, representing a per-unit distribution of Rs 5.25.
For Q4, the REIT reported gross leasing of 651,000 square feet, with an average rental escalation of 6.5 percent on 1.4 million square feet of leased area. Its gross asset value increased to around Rs 38,000 crore, an increase of 30 percent year-on-year.
In the full financial year of 2024-25, net operating income grew by 37 percent to Rs 1,854 crore, while the total distributions for the year were around Rs 1,054 crore, or Rs 19.25 per unit, 8.5 percent higher than that of the previous year.
Gross leasing for FY25 was at around 3 million square feet, which included 2.2 million square feet of new leasing, and the rest was in the form of renewals. The REIT, which earlier had significant vacancy in Special Economic Zone (SEZ)-designated offices, said that 50 percent of its leasing during the year was in SEZ buildings, indicating “steady demand recovery”.
“With 2 million square feet of ongoing conversions in our SEZ properties and a robust leasing pipeline, we are well-positioned for sustained growth over the next year,” said Alok Aggarwal, chief executive officer and managing director at Brookfield India Real Estate Trust.
At 1313 IST on May 6, Brookfield India Real Estate Trust’s units traded 0.2 percent lower at Rs 289.57 on the National Stock Exchange.
Cities
Golf City unveils a visionary healthcare-led living ecosystem with Livlong.
NEW DELHI: The 5th of June 2026 marked the achievement of a significant milestone in India’s evolving wellness and healthcare world. Livlong and YugenInfra officially signed a collaborative, forward-thinking memorandum of understanding (MoU). Leveraging the capabilities of leading providers in health care, such as the exceptional Manipal Hospitals Group, this collaboration is the start of a long-term, visionary approach to the development of an integrated health care infrastructure at Yugen Golf City.
The signing ceremony of the Memorandum of Understanding was held at Yugen Golf City. It was attended by key leadership teams and healthcare experts. Some other industry stakeholders and strategic partners were also attendees at the event. The goal of the event was to promote a shared vision for creating the most innovative, wellness-driven destinations in India.
This collaboration will allow for the integration of advanced access to health care, preventative health and wellness programs. It also integrates easy access to emergency medical assistance, rehabilitation services, assisted living environments and innovative health care infrastructure to be part of the lifestyle experience at Yugen Golf City. The collaborative partnership aims to utilise health care and wellness as primary components of community living. It also aims to meet the increasing demand for holistic, health and wellness-focused environments for individuals and families of all ages in a community living environment.
On this occasion, Sheeshram Yadav, Managing Director of Yugen Infra Pvt Ltd., commented, “This partnership represents a major milestone for the industry. It will play an important role in establishing a future in which health and wellness become part of everyday life. Our vision as Yugen Golf City is not only to construct upscale residences but rather to build a comprehensive ecosystem focused on supporting health, longevity, community and quality of life. Our partnership with Livlong and leading health systems such as Manipal Hospitals Group,
creates the foundation for one of the most forward-looking integrated township developments in India that will prioritiseboth luxury and human wellness.”
The Livlong CEO and Founder, Gaurav Dubey, said, “The future of healthcare lies in making wellness and medical support an integral part of daily living rather than a reactive service. Our partnership with Yugen Infra represents a progressive model where preventive healthcare, assisted living, rehabilitation, and emergency care are seamlessly embedded into a thoughtfully designed lifestyle ecosystem. Together, we are committed to building a community that prioritises longevity, dignity, accessibility, and holistic well-being.”
In addition to this broader vision, Yugen Golf City will be launching a new line of premium residential products, designed with wellness, dignity, active lifestyles, personalisedcare and community experiences at their core, to provide a holistic, supportive environment for seniors. These products will be the first of their kind in India, combining hospitality-style services with access to health and wellness systems.
News
MoHuA secretary inaugurates CII-NBCC Training Center in New Delhi
NEW DELHI: Srinivas Katikithala, Secretary, Housing & Urban Affairs, Ministry of Housing & Urban Affairs (MoHuA) inaugurated CII-NBCC Training Center at Ghitorni in the presence of Rajiv Arora, Joint Secretary, MoHuA, K. P. Mahadevaswamy, CMD, NBCC, Dr. Suman Kumar, Director (Commercial), NBCC and other senior officers from NBCC.
In a significant move to bridge India’s skill gap and enhance employability, NBCC and Confederation of Indian Industry (CII) have come together to establish a Multi Skill Training Institute (MSTI) and a Model Career Centre (MCC) at Ghitorni, Delhi. This collaboration will empower India’s youth by providing industry-relevant skills, facilitating employability, and fostering economic growth.
The training programs stand to impact youth across Delhi and surrounding regions, ensuring that they are equipped with skills that align with the industry’s evolving needs. Through career counselling, job fairs and industry linkages, the program will facilitate direct placements, ensuring that the youth are not only trained but also provided with clear pathways to employment. The program will offer industry-aligned bridge courses aimed at reskilling and upskilling youth, preparing them for the modern workforce in sectors like retail, manufacturing, BPO and logistics.
News
Vicasa Group launches mega tree plantation drive and announces new Luxury Hotel in Gopalpur
NEW DELHI: Vicasa Group, a subsidiary of the reputed Sereen Ventures Private Limited, organized a mega tree plantation drive in Gopalpur.
In collaboration with the Rotary Club of Brahmapur, over a hundred trees were planted near the Chilikeswar Mahadev Temple. With the motto “Trees are Life,” Vicasa Group aims to promote environmental conservation and raise awareness for a sustainable future. The initiative targets planting a total of 1,200 saplings.
Vicasa Group is also set to launch a new hotel in South Odisha, currently under construction. Spanning 32,000 square feet, the hotel will dedicate 70% of its area to green spaces. The project is slated for completion by next year’s Durga Puja, aiming to boost tourism in Odisha.
The event saw participation from key figures, including Dr. Anchal Choudhury, Director of Sereen Ventures Private Limited, CA M. Vaishnavi, CMA Sila Sneha, and others. Shailendra Nagalia from Vikasa Group outlined the program’s objectives, joined by associates K. Nagasaran Subuddhi and J. Anish. Soumya Ranjan Choudhury, Chief of Central Bank of Khallikote Branch, and Abinash Mahapatra, Director of Aakruti Media, commended Vicasa’s vision.Hotel Vicasa, a modern three-star luxury resort, is preparing to welcome guests in Gopalpur with a unique blend of comfort and elegance.
Embracing the tagline “A Confluence of Life and Comfort,” the resort will feature 50 state-of-the-art rooms, offering an unforgettable experience. Rooted in Odisha’s cultural ethos, it aims to provide unparalleled amenities amidst nature for domestic and international tourists. Located along the scenic Bay of Bengal coast, Hotel Vicasa promises to deliver a grand experience while showcasing Gopalpur’s natural beauty.
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