Hyderabad real estate developer Ajitesh Korupolu, CEO of ASBL has been awarded Growth Leader of the Year at the Construction Week India Awards 2026, recognising his approach to building a real estate company around data, technology and a deeper understanding of how people live.
 

Ajitesh’s approach to real estate starts much before a building is designed. His focus is on understanding the people who will eventually live in it. From deciding what a home should offer to planning the spaces around it, he believes every decision should answer a simple question: will this make everyday life better for the people who use it?
 

Ajitesh Korupolu, CEO, ASBL awarded with Growth Leader of the Year

While much of real estate has traditionally relied on experience, market intuition and gut feeling, Ajitesh chose to build the company around data and research. He understood that real estate was one of the most data-poor industries and that building a strong data foundation would take time. But he also believed that the effort would create a long-term advantage. Today, data and research are part of how ASBL approaches decisions across the life of a project.

He has built ASBL to work more like a technology company, using technology to understand customers, improve decision-making and make the home-buying and home-owning journey simpler. This approach extends from the early stages of research and design to construction and continues even after handover.
 

His view of a home has also evolved beyond four walls. Homes today need to support work, children, family time and everyday convenience. This means the product cannot stop at the apartment. It needs to consider the spaces people use, the way they interact with their surroundings and the community they become part of. That is why Ajitesh believes in building communities, not just buildings.
 

Ajitesh is working to digitise one of the oldest and most data-poor industries in the world. He does not see this simply as PropTech or Construction Tech, as he believes those terms are too narrow. His thinking goes beyond the building itself. Cities are systems where homes, roads, workplaces and people are connected. When these systems do not work well, people lose time in traffic, families feel the pressure and everyday life becomes harder. For Ajitesh, technology should help improve how this entire system is planned and built. He describes this larger idea as “Civilization Tech”.
 

The Growth Leader of the Year recognition reflects this larger approach to growth. For Ajitesh, growth is not only about selling more homes or building more projects. It is about building a company that understands its customers better, makes better decisions and uses technology and data to improve how homes and communities are created.
 

Under his leadership, ASBL continues to build with the belief that a home should be designed around the people who live in it. The focus is not simply on creating apartments, but on creating places where people can live, work, spend time with their families and build connections. The award is a recognition of that approach and of Ajitesh’s effort to bring a more data-driven, technology-led way of thinking to Indian real estate.

• Instamart’s biggest annual sale is live, with up to 50-90% off* across electronics, laptops, home appliances, beauty, toys and everyday essentials

• Offers span everyday essentials starting from INR9 to premium brands like Apple, Samsung, JBL, LEGO, Ninja, Bosch, Philips, boAt, Bergner, Palmonas, Home Centre, Raymond, Tupperware, and more

• Shoppers can save up to INR5,500 on select items with HDFC Bank Credit Cards

Ahead of the festive season, Instamart, India’s pioneering quick commerce platform, announced the return of its flagship Quick India Movement (QIM) sale. Live now on both the Instamart app and the Swiggy app, it brings discounts of up to 50-90%* from various sellers, covering everything from everyday essentials to premium products.

Instamart’s Quick India Movement Sale is back with festive deals and 50–90% off across electronics, home appliances, beauty, and more

Quick commerce has moved well beyond top-up shopping, and QIM puts that on display at scale. Customers can expect significant markdowns across electronics, kitchen and dining, beauty and personal care, and toys. From smartphones to home upgrades, they can discover deals from some of the country’s most popular brands, including Apple, Samsung, OnePlus, realme, OPPO, Motorola, boAt, JBL, Bergner, L’Oréal Paris, LEGO and Barbie. New launches and limited-period offers from sellers add to the mix.

Lowest prices on Electronics, Smartphones & Laptops
Consumers can pick up the Apple iPhone 17 Pro 256GB at INR1,19,999, Samsung smartphones starting at INR10,999*, and Apple MacBooks starting at INR66,900. This also includes a wide range of everyday gadgets and home appliances, including great deals on the Bosch Mixer Grinder at INR2,499, JBL Speaker at INR3,999, and MagSafe Power Bank at INR999, Ninja Portable Blender at INR2999* among other offers from various sellers. Shoppers can also unlock up to INR5,500 off using HDFC Bank Credit Cards on select items.

Up to 80% off* off on Beauty & Personal Care
Beauty and personal care shoppers can discover deals from leading brands like Simple, Wishcare, Plum, Vaseline, Dove, Pantene, Dot & Key, and more, with face washes starting at INR99, shampoos and conditioners at up to 80% off*, perfumes at up to 60% off*, and exclusive deals on the winter collection.

Everyday Essentials starting at INR9
From everyday snacking to festive needs, consumers can find deals on energy bars starting at INR29, ice cream tubs at 50% off, cleaning essentials from INR70, Navratri needs from INR89, and dry fruit chikki, energy bars and laddoos starting at INR9.

Up to 90% off* off on Home, Kitchen & Dining
Consumers can refresh their homes with deals by sellers from brands including Home Centre at up to 50% off and Raymond Home bedsheets starting at INR299*, with bedsheets starting at INR99*, Bergner Stainless Steel Cooker at INR999/-*, home décor starting at INR49*, and kitchen essentials available up to 50-90%* off.

Toys starting from INR89
The sale will feature toys from popular brands including Lego at up to 50% off*, Barbie at INR199/-*, with soft toys starting at INR89*, with sellers offering consumers a range of options for festive gifting and everyday play.

Consumers can also unlock additional savings during the sale with a range of card offers, including 10% off using HDFC Bank Credit Cards, Axis Bank MyZone Credit Cards, and Visa Classic Debit and Platinum Cards. Swiggy HDFC Bank Credit Card users can also avail up to 10% cashback on eligible transactions, adding further value to their QIM shopping. Through Switch, Instamart’s platform-wide proposition for differentiated and high-quality products, consumers can discover newer brands and products across categories, alongside established favourites, all through the convenience of quick commerce.

Backed by cutting-edge technology and logistics innovation, the sale ensures that every deal is delivered with the reliability Instamart customers have come to expect. More than just festive-scale offers, Instamart Quick India Movement makes convenience, choice, and value instantly accessible to everyone.

About Instamart
Launched in August 2020, Instamart is a quick commerce platform offering groceries, daily essentials and a growing range of products across categories. Instamart is available across 130+ cities, with an assortment of 50,000+ products.

*T&C Apply. On select assortment and select locations. Till stocks last. All prices of products/offers/promotions are provided by participating sellers/brand partners/banking partners on the Instamart platform.

IRIS Broadway Gurugram witnessed an evening of high-energy professional boxing as Boxeopath’s Fury brought together nine professional boxing fights, culminating in an intense eight-round final between Siddhant Sikand and Harsh Kaushik. The event drew an enthusiastic turnout of thousands of spectators, who came together to experience the intensity and excitement of professional boxing live.

Boxeopath’s Fury at IRIS Broadway Gurugram Delivers High-Intensity Professional Boxing Action

The evening featured nine competitive fights, showcasing the skill, speed, endurance and discipline of professional boxers. The event reached its high point with the eight-round final, where Harsh Kaushik emerged victorious over Siddhant Sikand after an intense contest inside the ring.

Recognising the performance of both finalists, Aman Trehan, Executive Director, Trehan IRIS, presented prize money to Harsh Kaushik and Siddhant Sikand. The presentation acknowledged the dedication, preparation and sporting excellence demonstrated by both fighters throughout the competition.

The whole boxing event was conducted under the supervision of Indian Boxing Council (IBC) officials, with IBC referees and judges overseeing the competition. This ensured that the event maintained the standards and discipline expected of professional boxing while offering audiences an engaging live sporting experience.

Speaking on the successful conclusion of the event, Abhishek Trehan, Executive Director, Trehan IRIS, said, “Boxeopath’s Fury was a strong reflection of how lifestyle destinations can create experiences that bring people together around shared interests and live entertainment. The response from the audience was extremely encouraging, with thousands turning up to witness professional boxing in an energetic live setting. At Trehan IRIS, we are focused on creating destinations that offer more than retail and dining, and events like this allow us to build meaningful engagement with our communities through distinctive experiences.”

Aman Trehan, Executive Director, Trehan IRIS, said, “The energy inside the venue throughout the evening was a testament to the growing appeal of live sporting experiences. Boxeopath’s Fury brought together highly competitive fights and gave audiences the opportunity to witness the skill, discipline and determination of professional boxers up close. We were pleased to support an event that not only showcased sporting talent but also created an exciting and memorable experience for the thousands of visitors who joined us.”

Rajneesh Raveendran, Boxing Coach and Manager, Boxeopathy Promotions, said, “Boxeopath’s Fury was envisioned as a platform to bring professional boxing closer to audiences while giving Indian fighters an opportunity to compete and showcase their abilities in a professional environment. Every fight reflected the months of training, discipline and sacrifice that these athletes put into their sport. We are delighted with how the event unfolded and grateful to the Trehan IRIS management and team for their support in making the event a success.”

With nine professional fights and a high-energy eight-round final, Boxeopath’s Fury brought together professional-level competition, sporting excellence and a strong live audience experience at IRIS Broadway Gurugram. The enthusiastic response from the audience further highlighted the appeal of live sporting experiences as part of the evolving entertainment and lifestyle landscape.

The event also reinforced the role of IRIS Broadway Gurugram in creating platforms for diverse forms of entertainment, sports and community engagement, offering audiences experiences that extend beyond conventional retail and dining.

A degree marks the culmination of years of study, but for the Class of 2026, the learning at Somaiya Vidyavihar University has extended well beyond the boundaries of their chosen disciplines. At its 5th Convocation, the University conferred degrees on 3,279 graduates, comprising 1,598 undergraduate, 1,666 postgraduate and 15 doctoral graduates. The ceremony also recognised 75 Gold Medal and 71 Silver Medal recipients for academic achievement.

Chancellor felicitating the Chief Guest

The ceremony was presided over by Vice Admiral Atul Anand, PVSM, AVSM, VSM (Retd.), Former Additional Secretary, Department of Military Affairs, Ministry of Defence, Government of India, who served as the Chief Guest. Addressing the graduating class, he shared golden words of wisdom that the students would carry with them into the next chapter of their lives.

“Your compass is competence. Your anchor is character. Your sail is courage. And your course is guided by dharma. Somaiya Vidyavihar University has given you more than a professional education; it has given you the opportunity to encounter different disciplines. Carry that breadth with you. Do not become merely employable. Become useful. Do not become merely successful. Become significant. And do not ask only, ‘What can I get from India?’ Ask also, ‘What can I give to India?,” said Vice Admiral Atul Anand, PVSM, AVSM, VSM (Retd.).

Students at Somaiya Vidyavihar University have had opportunities to explore interests beyond their primary fields. Through initiatives like 120+ Basket Courses, more than 4,000 students have participated in credit-bearing courses spanning sports, literature, languages, nature, aesthetic arts, Indian knowledge systems and spiritual traditions. An engineering student can study Indian philosophy, while a commerce student can take swimming or yoga as part of the academic programme. Through the REACH Fellowship, students have also spent months in rural Maharashtra and Gujarat understanding local communities and developing community-led solutions around issues including water stewardship and sustainable development.

For others, learning has meant taking an idea from the classroom into the real world. Orion Racing India has developed more than 20 race cars and participated in over 30 national and international competitions, with successive student teams building on the work of those before them. The University’s 10+ research centres provide opportunities to work across areas including computational chemistry, biology, materials science, artificial intelligence and environmental research. Through riidl and BioRiidl, more than 380 entrepreneurs have been supported, with INR 198 crore in total investments facilitated. Beyond the classroom, students also pursue sports, with training across 22 sports. More than 10,000 students pursue sports, with over 3,500 representing the institution at district, state, national and international levels. This includes participation in events such as the FISU World University Squash Championship, where Somaiya students represented India at the international university level.

Together, these experiences reflect the University’s guiding philosophy, ज्ञानादेव तु कैवल्यम् — Knowledge Alone Liberates, and its approach to education, one that encourages students to think, explore and apply knowledge beyond the classroom.

The question of what students carry with them beyond their degrees was also central to the address by Samir Somaiya, Chancellor, Somaiya Vidyavihar University. Speaking to the graduating class, he shared a traditional Sanskrit blessing that he felt captured some of the qualities he wished for them as they begin the next chapter of their lives.

“बुद्धिर्बलं यशोधैर्यं निर्भयत्वमरोगताम् । अजाड्यं वाक्पटुत्वं च हनुमत्स्मराणाद्भवेत् ॥ .” Explaining the blessing, he said, “May the Almighty give you wisdom; strength; patience; fearlessness; good health; alertness and clarity of thought; and eloquence in speech.”

He then spoke about the kind of education the University seeks to provide through three ideas: “We’ve always wanted to build what we call Pesha, Soch, aur Charitra, a fantastic skillset in your chosen field, a wide world of thinking, and strong character,” he said.

Prof. Ajay Kapoor, Vice-Chancellor, Somaiya Vidyavihar University, encouraged the graduating class to connect their abilities with a larger purpose. “Find something you are passionate about, something that is also your natural skill. Bring them together and solve society’s problems. Do something that society, humanity, people need today and tomorrow. The fundamentals are very simple: if you do something that people want, people will hold you in high esteem. They will need you. They will pay for what you are providing. That gives you a living and a very, very fulfilling life,” he said.

The thought extends the idea of education beyond choosing a profession. The years at university can help students recognise what they are good at, what gives them energy and where those abilities can have practical value.

He also placed this advice in the context of a rapidly changing world, where technology is altering how knowledge is accessed and used. “Artificial intelligence will give you all the knowledge, much faster, much better organised, on anything you desire. But it is the wisdom, the Gyan, that you have to develop,” he added.

For the 3,279 graduates of the Class of 2026, the 5th Convocation marks the close of one chapter and the beginning of another. They leave with their degrees, but also with the experiences, relationships and perspectives gathered along the way. Through these experiences, they truly embrace the meaning of Somaiya Vidyavihar University’s philosophy, ज्ञानादेव तु कैवल्यम् — Knowledge Alone Liberates. They now step into the world with the belief that what they have learned will shape their paths, help them become better individuals and contribute meaningfully to the world around them.

Viksit Tech 47 (VT47), the flagship spotlight programme of India Mobile Congress (IMC) 2026, announced its inaugural award winners and released the first edition of the VT47 Report “Building India’s Global Brands in Gadgets, Devices, Appliances and Connected Cars” at IMC’s tenth anniversary edition. Together, the awards and the report mark the programme’s debut as India’s definitive platform for building, recognising and scaling homegrown hardware brands toward the Viksit Bharat @2047 vision.

Policy as the blueprint for Viksit Tech

The report was released by Pankaj Mohindroo, Chairman, ICEA, alongside Sunil Raina, Managing Director, Lava International; Anku Jain, Managing Director, MediaTek India; Himanshu Tandon, CBO, Mivi; Nikhil Rajpal, CEO and Founder, Qubo; and other industry dignitaries.

The Report: 129 Brands, One Ambitious Destination

Prepared by Techarc as knowledge partner, the VT47 Report introduces a 129-brand Index of Indian-owned consumer technology companies across gadgets, devices, appliances and connected cars. Together these brands earn more than Rs. 60,000 crore a year, an average of just Rs. 465 crore per brand. Only 14 earn more than Rs. 500 crore; only two clearly cross Rs. 2,000 crore. The contrast with India’s total electronics production of Rs. 13.11 lakh crore in FY2025-26 shows how much value still sits with global brands and contract manufacturers.

At a projected growth rate of 13 per cent annually, Indian homegrown brands could collectively earn Rs. 1.11 lakh crore by FY2031 and Rs. 2.04 lakh crore by FY2036. If Indian brands gain share in smart and connected segments at 16 per cent a year, those figures could reach Rs. 1.26 lakh crore and Rs. 2.65 lakh crore respectively.

The report introduces Techarc’s TAME model, Trade, Assemble, Manufacture, Engineer, which describes how brands evolve through distinct stages with corresponding revenue ceilings of approximately Rs. 500 crore, Rs. 5,000 crore and Rs. 50,000 crore. Revenues in lakhs of crores, the report argues, come only at the Engineer stage, where a brand owns its design, software and intellectual property. The 2047 ambition: 50 Indian brands each crossing Rs. 1 lakh crore, roughly 83 times today’s base, requiring sustained growth of about 25 per cent a year over two decades.

“A nation that aspires to be Viksit by 2047 must do more than make products for others. It must create, own and scale its own brands, and see them succeed in India and around the world. The ambition this report sets, 50 Indian brands each earning more than Rs. 1 lakh crore by 2047, is bold. It is also the kind of ambition this moment calls for,” said Ramakrishna P., CEO, India Mobile Congress.

The Inaugural Award Winners

VT47 was conceived to correct a “software-first” perception of Indian technology by spotlighting the hardware, IoT and devices landscape underpinning India’s manufacturing ambitions. The inaugural winners are:

• Viksit Tech Leader of the Year: Sunil Raina, Managing Director, Lava International Limited

• Viksit Tech Next Generation Leader: Himanshu Tandon, Chief Business Officer, MIVI

• Viksit Tech Brand of the Year: Lava International Limited

• Viksit Tech Enabler of the Year: MediaTek India

• Dr. M J Zarabi Indigenisation Award (powered by Dixon Technologies): Entra Innovations LLP, Dharwad — recognised for VAAYU, India’s first indigenous automotive Tyre Pressure Monitoring System (TPMS) SoC, developed out of IIT Dharwad

“VT47 is our attempt to give India’s hardware builders the spotlight software has long commanded. This year’s winners show that Indian brands can design, manufacture and export on their own terms,” said Faisal Kawoosa, Chief Analyst and Co-founder, Techarc.

The Dr. M J Zarabi Indigenisation Award carries a cash prize of Rs. 10 lakh and honours the legacy of Dr. M.J. Zarabi, former Chairman and Managing Director of Semiconductor Complex Limited (SCL), Mohali, and one of India’s most distinguished microelectronics pioneers. It recognises early-stage hardware startups whose innovation reduces India’s reliance on imported technology.

The Jury

The Viksit Tech Leader, Next Generation Leader, Brand and Enabler categories were judged by: Pankaj Mohindroo, Chairman, ICEA; Mohammad Asim Warsi, Former Corporate Vice President, Samsung India; Rajiv Makhni, TV and Radio Show Host, Author and Social Media Presenter; Ershad Kaleebullah, Business Head and Host, Trakin Tech English and Trakin Tech Tamil; and Nimish Dubey, Consulting Editor, TechPP.

The Dr. M J Zarabi Indigenisation Award was judged by: Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies; Jaswinder Ahuja, Member, Advisory Committee, India Semiconductor Mission; Randeep Raina, Vice President, Ericsson India; PVG Menon, Senior Advisor, Electronics and Semicon; and Tufeel Qurishi, Senior Director, Samsung Research India.

India’s real estate sector faces a fresh test as higher borrowing costs and inflationary pressures reshape the outlook for residential, commercial, retail and hospitality assets. The Reserve Bank of India’s 25-basis-point repo rate increase to 5.5% has renewed questions around housing affordability, financing costs and investment decisions. The shift in the monetary policy stance from Neutral to Calibrated Tightening has also brought the trajectory of interest rates into sharper focus.

India’s property market balances rising borrowing costs with long-term growth opportunities

The implications for real estate will depend on how higher financing costs interact with household purchasing power, corporate investment and demand across individual markets. While more expensive borrowing could affect affordability and the timing of property purchases, industry executives point to end-user demand, infrastructure development and expanding business activity as factors supporting the sector’s longer-term prospects.

The impact is unlikely to be uniform across asset classes. Residential property is particularly sensitive to mortgage affordability, while commercial real estate depends on corporate expansion, occupier demand and investment appetite. Hospitality-led developments, meanwhile, are influenced by tourism flows and the economic activity of individual destinations.

Uddhav Poddar, CMD, Bhumika Group, said, “The RBI’s decision to raise the repo rate is a measured response to the renewed inflationary pressures from elevated crude prices and the evolving global financial environment. From a real estate perspective, the impact will be felt primarily through borrowing costs, liquidity and the transmission of rates across the financial system. However, the broader economic backdrop remains encouraging.“

“For residential real estate, higher financing costs may influence affordability and purchase decisions at the margin, but end-user demand remains anchored by long-term housing requirements. In commercial real estate, investment decisions are influenced by a broader set of factors, including business expansion, employment, capital flows and institutional appetite, and these fundamentals remain constructive. While the financial markets will continue to assess the implications of a calibrated tightening cycle, we believe a measured rate adjustment by itself does not alter the long-term investment case for Indian real estate. The sector’s underlying fundamentals remain positive, and the key will be how inflation, liquidity and interest rates evolve from here,” he added.

For commercial real estate, the outlook remains closely linked to occupier demand and business expansion. Companies evaluating office and retail spaces typically consider long-term operational requirements alongside financing conditions, while infrastructure improvements can strengthen the appeal of established commercial destinations.

Dr. Amish Bhutani, Managing Director, Group 108, said, “The RBI’s decision to raise the repo rate by 25 basis points to 5.50% reflects a cautious approach towards managing inflation while maintaining economic momentum. For the commercial real estate sector, the impact is likely to be measured, with businesses continuing to evaluate expansion plans based on long-term fundamentals. Strong demand for quality office and retail spaces, coupled with improving infrastructure and business activity, would continue to support leasing and investment interest across established commercial destinations.”

Housing demand faces the affordability test
In residential markets, the relationship between interest rates and demand is more direct. Higher borrowing costs can increase monthly mortgage payments and affect purchasing power, particularly among buyers who are more sensitive to changes in financing costs. Developers, however, argue that long-term housing requirements and the preference for better-connected, quality developments continue to support demand.

In Chandigarh and the surrounding Tricity region, established social infrastructure, improving connectivity and an end-user-driven market remain important considerations for homebuyers. Location, construction quality, lifestyle amenities and long-term value are increasingly influencing purchasing decisions.

Abhay Jindal, Managing Director, Homeland Group, said, “The RBI’s decision to increase the repo rate by 25 bps and move its policy stance from Neutral to Calibrated Tightening comes at a time when global developments are creating renewed inflationary pressures, particularly through crude prices. The change in stance provides clarity on the RBI’s approach while India’s domestic economy continues to show resilience. For the residential market, the strength of domestic demand remains important. Homebuyers are making decisions based on their long-term requirements, and a single rate increase is unlikely to alter that underlying demand.”

Tejpreet Singh Gill, Managing Director, Gillco Group, said, “The RBI’s decision to increase the repo rate comes at a time when inflationary pressures and crude prices have again become a concern. However, the fundamentals driving real estate remain intact. Demand today is increasingly coming from genuine end users, supported by urbanisation, infrastructure development and improving connectivity. These factors are not altered by a single movement in the repo rate.”

Vishal Goyal, Director, Highland LifeSpaces, said, “While the repo rate hike may have a near-term impact on borrowing costs and buyer sentiment, we expect housing demand to remain resilient. In the Tricity, strong end-user demand, improving connectivity and continued infrastructure development are supporting the residential market. Homebuyers are increasingly taking a long-term view, prioritising location, quality and lifestyle over short-term interest-rate movements.”

Across Punjab, infrastructure investment and connectivity are also shaping buyers’ assessment of residential property. However, the extent to which these factors offset higher financing costs will depend on local affordability, property prices and the strength of end-user demand.

Varun Baweja, Director, Fomerah Ventures Pvt. Ltd., said, “The RBI’s 25-basis-point repo rate hike to 5.50% may have a marginal near-term impact on borrowing costs, but we believe housing demand in Punjab will remain resilient. Buyers are increasingly taking a long-term view, with quality, location, connectivity and value emerging as key considerations. With improving infrastructure and steady end-user demand, Punjab’s residential market continues to have strong fundamentals for sustained growth.”

Emerging cities offer a different growth equation
Beyond established residential markets, emerging destinations are attracting interest through urbanisation, improving connectivity and changing consumer preferences. Dehradun’s appeal is linked to evolving lifestyle aspirations and infrastructure development, while Shirdi’s pilgrimage economy is creating opportunities in hospitality and related real estate.

Manit Sethi, Director, Excentia Infra, said, “The RBI’s 25-basis-point repo rate hike to 5.5% reflects a calibrated approach towards maintaining economic stability while addressing inflationary pressures. We remain positive about the real estate sector, particularly in emerging cities such as Dehradun, where improving infrastructure, connectivity, urbanisation and rising aspirations are driving sustained housing demand. While interest rates may influence financing decisions in the short term, the fundamentals of these markets remain strong. We believe quality developments in well-connected locations will continue to attract both end-users and long-term investors.”

In Shirdi, demand is more closely tied to visitor flows and the need for accommodation and related services. Developers are exploring differentiated assets that respond to changing visitor preferences, although their long-term performance will depend on sustained demand, operating models and the quality of execution.

Neeraj Gulati, Managing Director, Assotech Realty, said, “The RBI’s 25-basis-point repo rate hike to 5.5% reflects the need to balance inflationary pressures with sustained economic growth. While higher borrowing costs may create some near-term pressure on financing and consumer sentiment, we believe the long-term outlook for real estate and hospitality remains positive. Pilgrimage destinations continue to benefit from strong pilgrimage-led footfall and evolving tourism demand. For developers, the focus will remain on creating quality, differentiated assets that offer enduring value and support the growth of emerging destinations.”

Retail and commercial property adapt to changing demand
Retail and commercial real estate are also being reshaped by changing occupier requirements and consumer behaviour. Retailers increasingly seek locations that combine accessibility with customer engagement, while businesses assess commercial spaces on functionality, operational efficiency and the quality of their surrounding ecosystems.

Azad Ahmed Lone, President, Biigtech, said, “The RBI’s 25-basis-point repo rate hike to 5.5% reflects confidence in the underlying strength of the Indian economy. For the retail and commercial real estate sector, the outlook remains highly encouraging, supported by rising consumer spending, expanding businesses and increasing demand for quality commercial spaces. We are witnessing a clear evolution towards experience-led retail and professionally managed commercial assets, creating new opportunities for investors and occupiers alike.”

The outlook for Indian real estate will depend on how monetary policy interacts with household purchasing power, corporate investment and demand across individual markets. Higher rates could weigh on affordability and delay some transactions, while infrastructure development, urbanisation and the demand for quality assets may continue to support activity.

For developers, the challenge will be to balance project costs, pricing and execution with buyers’ ability to absorb higher financing costs. The sector’s resilience will ultimately depend not simply on its response to monetary policy, but on the depth of underlying demand and its ability to deliver developments that meet the needs of homebuyers, occupiers and visitors.

VinFast Auto India, a subsidiary of global electric vehicle manufacturer VinFast, has been awarded the “EV Manufacturer of the Year” at the HT Auto Leaderboard Awards 2026. The recognition highlights VinFast’s growing contribution to India’s electric mobility ecosystem and its focus on building a comprehensive EV proposition spanning products, technology, manufacturing, retail and customer experience.

VinFast India was honored with the “Electric Vehicle Manufacturer of the Year” award at the HT Auto Leaderboard Awards 2026

Hosted by HT Auto, Hindustan Times’ dedicated automotive platform, the HT Auto Leaderboard Awards is a prominent industry initiative that brings together automotive leaders, brands and enthusiasts to recognise excellence and celebrate the achievements shaping India’s evolving mobility landscape.

Reflecting the broader evolution of India’s electric mobility landscape, the “EV Manufacturer of the Year” honour recognises companies that advance electrification not only through their products, but also through infrastructure, technology, service and long-term commitment. Against this benchmark, VinFast’s recognition reflects its sustained efforts to support the development of India’s electric mobility ecosystem and contribute to the country’s transition towards electrification.

Commenting on the recognition, Mr. Tapan Ghosh, CEO, VinFast Asia, said, “We are honoured to receive the ‘EV Manufacturer of the Year’ recognition at the HT Auto Leaderboard Awards. This is a meaningful acknowledgement of the work we are doing to build a strong and sustainable foundation for electric mobility in India. Our approach has always been to look beyond the vehicle and build an ecosystem that brings together locally manufactured products, a growing retail and service network, financing, charging and customer-focused ownership solutions. As we deepen our presence across India, we remain focused on raising the bar for electric mobility and creating an experience that delivers greater value and confidence to Indian customers.”

Mr. Prashant Singh, Editor, HT Auto, said, “In a relatively short span of time, VinFast has established itself as a significant player in India’s EV ecosystem. With a strategically positioned portfolio that caters to the needs of Indian EV buyers, a supporting charging ecosystem, and competitive pricing, VinFast Auto India is well-positioned to strengthen its presence in one of the world’s largest and most competitive automotive markets.”

The award builds on the recognition VinFast has received across leading automotive platforms in India, including “EV Manufacturer of the Year” at Times Drive Auto Summit and Awards, “EV Champion of the Year” at the Jagran Hi-Tech Awards 2026, and “Breakthrough Brand of the Year” at the Car&Bike Awards 2026, along with product honours such as “EV SUV of the Year – Editor’s Choice” for the VF 7 at the BBC TopGear India Awards 2026 and “Value for Money Car of the Year” for the VF 6 at the Autocar India Awards 2026, reflecting continued positive evaluation from industry experts toward the company’s product direction and long-term investment strategy.

Since entering the Indian market, VinFast has continued to expand its product portfolio and local presence. The company currently offers the VF 6, VF 7 and VF MPV 7 in India, with the vehicles locally assembled at its manufacturing facility in Thoothukudi, Tamil Nadu. The VF MPV 7, launched in April 2026, marked VinFast’s third product introduction in India within a year. The company has also accelerated the development of its retail and after-sales ecosystem. Having reached its 60th 3S dealership in August 2026, VinFast remains on track to establish 75 dealerships across India by the end of 2026, with its expansion extending beyond major metropolitan markets to emerging cities and towns.

With India emerging as an important market in the global transition towards electric mobility, VinFast is continuing to invest in its local presence while expanding access to premium electric mobility across the country. The company’s growing footprint in India reflects its long-term commitment to supporting the country’s transition towards a more sustainable and technology-led mobility ecosystem.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle manufacturer with the mission of making electric mobility more accessible to everyone. VinFast’s current product portfolio includes a wide range of electric SUVs, electric motorcycles, electric bicycles, and electric buses.

VinFast is entering its next phase of growth by rapidly expanding its global distribution and dealer network while strengthening manufacturing capabilities, with a focus on key markets in North America, Europe, the Middle East, and Asia.

Learn more at: vinfastauto.in.

From monitoring overhead tank levels to ensuring the pump operates safely, conventional systems can require extensive wiring, multiple devices and regular intervention. Simplifying this process, Crompton Greaves Consumer Electricals Limited has introduced Crompton INTELLISENSE SmartPro, a wireless water level controller with integrated control panel functionality, designed to bring greater convenience, control and protection to everyday household water management.

Crompton launches Intellisense SmartPro, a wireless water level controller

Traditional water level controllers used with submersible and openwell pumps typically require wiring between the overhead tank and the pump installed at ground level. This can involve additional installation work, civil modifications and associated costs, particularly in multi-storey buildings. While conventional pump panels offer essential motor protection, water level management often requires a separate controller, resulting in two independent systems and additional wiring. For consumers, a single integrated solution can simplify installation, reduce costs and enable hassle-free everyday water management. 

Key Features of the Crompton INTELLISENSE SmartPro

• Wireless Communication using LoRa Technology: Enables wireless communication between the Main Water Level Controller (MWC) and Overhead Tank Controller (OHT), supporting connectivity from the ground floor up to the seventh floor without requiring inter-floor wiring, helping reduce installation costs and hassle.

• Automatic Water Level Controller: Automatically starts the pump when the tank is empty and switches off once the tank is full, helping prevent overflow. A four-level LED tank status indicator on the main controller provides visibility into water levels.

• App-Based Control: Compatible with the Crompton Senze App, available on iOS and Android, allowing consumers to remotely monitor water levels, control pump operation, set up to 10 schedules and receive fault alerts on their smartphones.

• Protection Features: Helps protect the connected pump against voltage fluctuations, overload conditions and dry-run conditions

• Weatherproof Design: Comes with an IP65 weatherproof rating, making it suitable for installations exposed to varying weather conditions.

Designed for single-phase submersible pumps up to 2 HP, INTELLISENSE SmartPro is suitable for use with Oil-filled submersible pumps, Water-filled submersible pumps and openwell pumps. 

Commenting on the product, Anand Kumar N, Business Head – Pumps & Kitchen Appliances, Crompton Greaves Consumer Electricals Ltd, said, “At Crompton, our focus has always been on developing solutions that make everyday household responsibilities simpler and more convenient. Water management is an essential part of daily life, yet conventional systems can involve complex installations and multiple devices to manage water levels and protect the pump. With INTELLISENSE SmartPro, we have brought these functionalities together in a single integrated solution, giving consumers greater control over their water management needs while reducing installation-related complexities. This reflects our continued commitment to developing smart, connected solutions that combine comfort and convenience, offering consumers greater peace of mind, while delivering reliability and practical innovation.”

With INTELLISENSE SmartPro, Crompton continues to expand its portfolio of smart water management solutions, offering consumers a more convenient approach to managing their household water supply. The product reflects the company’s continued focus on developing solutions that simplify everyday routines while addressing practical consumer needs.

The Crompton INTELLISENSE SmartPro is available in the market and comes with a 12-month warranty and free installation. Consumers purchasing an eligible Crompton submersible pump and INTELLISENSE SmartPro controller together on a single invoice can also avail an additional six-month warranty, subject to applicable terms and conditions. The Crompton INTELLISENSE SmartPro is available across retail stores in India and e-commerce platforms.

About Crompton
With a brand legacy of over 85 years, Crompton Greaves Consumer Electricals Ltd. is India’s market leader in the category of fans and residential pumps. Over the years, the organization has continuously strived to produce a range of innovative products that cater to the modern consumer including superior quality and high-performance fans, pumps, lighting solutions, and a range of other categories like water heaters; air coolers; small kitchen appliances like mixer grinders, air fryers, OTG, electric kettles etc; other home appliances like irons & built-in kitchen appliances. The company has further invested in brand and innovation to not only better understand and meet consumer needs but to also help drive energy efficiency. The consumer business also has a well-established and organized distribution network driven by a strong dealer base across the country offering a wide service network and robust after-sales service to its customers. Beyond its consumer portfolio, Crompton also has a robust B2B presence in the Lighting segment, delivering advanced and energy-efficient solutions for commercial and industrial applications. In 2025, Crompton became the first lighting company to receive the GreenPro certification for its B2B lighting solution, reaffirming its commitment to sustainability and innovation. Strengthening its foothold in the renewable energy space, the company has forayed into solar rooftops—representing a significant step forward in its contribution to India’s evolving clean energy landscape. With solar solutions spanning lighting, pumps, and rooftops, Crompton continues to lead as a responsible and future-ready brand in sustainable energy.

The company’s consistent dedication to developing energy-efficient products has led to significant recognition. It has been honored with three prestigious National Energy Consumer Awards (NECA) by BEE, Ministry of Power. The recent award was presented by the Hon’ble President of India, Smt. Droupadi Murmu for the company’s storage water heater in 2023. In 2019, the brand won in two categories: Ceiling Fans and LED Bulbs. Additionally, it was recognized as one of India’s Best Managed Companies 2022 by Deloitte Private and listed among ‘India’s Top 500 Companies 2022’ by Dun & Bradstreet India. The company has also been featured in Brand Top 75 most valuable Indian brands list for 2020 released by WPP and Kantar. Furthermore, Crompton was also recognized as the Brand of the Decade 2021 by Herald Global and BARC Asia in the Consumer Electrical category.

The Reserve Bank of India’s decision to raise the repo rate by 25 basis points to 5.50% has brought borrowing costs, homebuyer affordability and the broader real estate outlook into focus. Amid renewed inflationary pressures and volatility in crude oil prices, the move could influence financing decisions across the property market. However, industry stakeholders believe that the sector’s long-term prospects will continue to be shaped by economic resilience, changing housing needs, infrastructure development and sustained demand for quality assets.

RBI’s Repo Rate Hike: Real Estate Sector Expects Resilient Demand Amid Inflationary Pressures

Meanwhile a rise in interest rates can affect home loan repayments and purchasing decisions, property demand is rarely determined by monetary policy alone. Importantly, factors such as employment prospects, household finances, connectivity and the long-term potential of emerging locations continue to influence buyer sentiment.

Mr. Harinder Singh Hora, Founder Chairman, Reach Group said, “The RBI’s decision to increase the repo rate comes at a time when inflationary pressures have re-emerged, particularly with the rise and volatility in crude prices. For commercial real estate, business expansion and occupier demand are influenced by the broader economic outlook and not only by movements in interest rates. India’s economic growth remains resilient, and this continues to support business activity across major markets. Strong housing growth will also contribute to commercial realty growth as cities expand and new residential areas develop. Commercial real estate operates on long investment cycles, and we expect the underlying demand to remain steady despite the change in the interest-rate environment.”

Moreover, commercial real estate demand remains closely linked to business expansion and the development of new urban centres. As residential catchments expand, they can also create opportunities for offices, retail destinations and supporting commercial infrastructure. Meanwhile, the residential market is witnessing increasingly discerning buyers who assess a property not only on affordability but also on its location, connectivity and potential to deliver long-term value.

Amogh Bansal, MD, MUREC, said, “The RBI’s decision to raise the repo rate by 25 basis points to 5.50% comes at a time when the residential market continues to see steady interest from homebuyers. While borrowing costs are an important part of a home purchase decision, buyers today are also looking closely at connectivity, infrastructure, quality of development and the long-term potential of a location. From a developer’s perspective, the focus remains on understanding these evolving requirements and bringing the right supply to the market. We believe the underlying demand for quality housing remains positive, and the current rate movement should be viewed as one of several factors shaping the market rather than in isolation.”

Saurab Saharan, Group Managing Director, HCBS Developments Ltd, said, “The RBI’s decision to increase the repo rate by 25 basis points comes at a time when inflationary pressures and crude prices have moved higher. For homebuyers, however, the residential market is in a different position from where it was when interest rates were last increased more than three years ago. Homebuyers have become accustomed to the prevailing interest-rate environment, and a home purchase continues to be driven by factors such as household finances, financial planning and long-term requirements. A 25 basis point increase is therefore unlikely to change the broader direction of housing demand.”

Manoj Kumar Garg, Chairman, Northwind Estates, said, “The RBI’s 25 basis point increase in the repo rate marks a shift from the rate stability seen through 2026. The move comes in response to renewed inflationary pressures and volatility in crude prices. For residential real estate, however, demand continues to be supported by economic confidence and the need for housing. Homebuyers are taking a long-term view, and we do not expect this increase to change their decisions materially.”

At the same time, the revised rate environment reinforces the importance of prudent financial planning. Homebuyers must account for repayment obligations, total acquisition costs and household budgets when evaluating a purchase. Even so, interest rates represent only one element of the decision, with location, property quality and financial stability continuing to influence the final choice.

Mohit Gawri, VP, Rise Infraventures Limited, said, “The RBI’s decision to raise the repo rate by 25 basis points reflects its focus on maintaining economic stability as inflationary pressures evolve. From a real estate advisory perspective, this is a moment to keep the conversation centred on fundamentals rather than a single policy movement. Buyers should evaluate location, developer credibility, financing options and their own investment horizon. We believe well-chosen residential and commercial assets can continue to attract interest where the underlying value proposition is clear. Our role is to help clients make informed decisions, with realistic financial planning and a sharper understanding of each market’s opportunities.”

Rakesh Kaul, CEO and MD, Ralith Realty, said, the RBI’s decision to raise the repo rate comes at a time when inflationary pressures have returned, particularly due to higher and volatile crude prices. For housing, however, interest rates are only one part of the decision. Buyers continue to consider their income, financial stability, location and the quality of homes. With the festive season underway, we expect housing demand to remain healthy. The rate increase may raise financing costs, but we do not expect it to alter the broader residential market.

Ultimately, the translation of buyer interest into completed transactions will depend on the balance between affordability, confidence in project delivery and the perceived value of a property.

Karan Malik, Regional Director, Realistic Realtors, said, “The RBI’s 25-basis-point increase brings affordability and repayment planning into sharper focus. Homebuyers may take more time to assess financing options, making clarity on the total purchase cost and confidence in project delivery increasingly important. We believe homeownership sentiment will remain positive, particularly among families buying for their own use. The central bank’s emphasis on price stability supports a sound economic environment over the longer term.”

Overall, the real estate sector’s outlook remains anchored in enduring housing requirements, urban expansion and demand for quality developments. While the repo rate hike may encourage more measured financial decisions, industry stakeholders expect the market’s fundamental drivers to remain resilient. The coming months, particularly the festive season, will offer a clearer indication of how buyer sentiment translates into transactions, with affordability, credible execution and long-term value creation likely to remain central to the sector’s growth.