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News18
11-08-2025
- Business
- News18
Delhi-NCR Real Estate: India's Retail Market Booms With 69% Rise In Leasing In H1 2025, Says Report
Delhi-NCR emerges as one of the most active retail zones, clocking 0.53 million sq ft of leasing in Q2 alone, right behind Bengaluru. Retail real estate in India has made a solid comeback in the first half of 2025. Leasing activity touched 5.7 million sq ft across the top seven cities, a 69% jump over the same period last year, according to the latest report by realty consultancy firm JLL. Delhi-NCR and Bengaluru led the charge in Q2, with NCR making major gains in food and beverage (F&B) leasing, jewellery brands, and global retail entries. Delhi-NCR emerged as one of the most active retail zones, clocking 0.53 million sq ft of leasing in Q2 alone, right behind Bengaluru. Together, these two regions contributed nearly half the country's retail leasing this quarter. Much of NCR's growth stemmed from rising demand in the F&B sector, which accounted for 22% of local leasing. Ishaan Singh, director of AIPL, said, 'Experiential retail is making a strong comeback. Premium high-street destinations in Gurugram, especially along Golf Course Extension Road, are no longer just about stores — they're about curating vibrant atmospheres with recreation, engagement zones, and the comfort of seamless connectivity and easy parking. Retailers are seeking that edge. With the rise of affluent micro-markets in Gurugram and Noida, the surge in leasing activity is only natural — these markets are where brands want to be." Pankaj Jain, founder and CMD of SPJ Group, said, 'What we're seeing isn't a seasonal spike, it's the new normal. Brands have re-evaluated India's retail potential, especially in NCR, where infrastructure, purchasing power, and lifestyle preferences are aligned. We believe leasing momentum will hold steady, with destination malls and integrated high-street concepts driving Phase 2 of this expansion. Retailers are planning for longevity now, not just visibility." In Q2 alone, 13 international brands debuted in India. Over half of these were from the F&B sector, signalling the rise of food as a lifestyle marker. The NCR stood out as their launchpad. Why? A mix of high disposable income, diverse food culture, and growing demand for curated dining experiences. With India's young population demanding global flavours and fashion, brands are bypassing pilot tests and directly opening flagship outlets in NCR. Mohit Goel, managing director of Omaxe Group, said, 'NCR offers a canvas no other city does. With major markets in the city already saturated, satellite towns such as Faridabad offer immense opportunity. With the added advantage of the availability of relatively larger land parcels, these cities have emerged as a playground for brands wanting to create an immersive customer experience. It's not just about selling anymore; it's about turning shopping into a leisurely activity. NCR developers who adapt fastest to these new priorities are the ones shaping the future of Indian retail." Arjun Gehlot, director of Ambience Malls- Vasant Kunj and Gurugram, said, 'The very definition of retail is evolving. Retailers now want plug-and-play environments with strong footfall, while shoppers are seeking discovery, leisure, and convenience under one roof. The days of plain vanilla malls are over. Today, a mall must inspire. Shoppers want reasons to stay longer, and retailers want reasons to invest deeper. We're seeing demand for AI-powered loyalty systems, tech-enabled fittings, green-certified buildings, and hybrid formats." With 5.9 million sq ft of new retail space expected to open in the second half of 2025, the industry is on course to cross 10 million sq ft in leasing for the full year. If that happens, it'll mark the strongest year for Indian retail real estate ever. And NCR? It's not just in the race. It's leading from the front. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : real estate view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
29-07-2025
- Business
- Time of India
Tensions escalate at Sona BLW: Cease-and-desist notice issued to Rani Kapur; late Sunjay Kapur's mother accused of spreading 'malafide' information
Sona BLW Precision Forgings (Sona Comstar) has issued a cease-and-desist notice to Rani Kapur, mother of former chairman Sunjay Kapur, demanding she stop disseminating unlawful and defamatory information, according to informed sources, quoted by Economic Times. The notice demands Rani withdraw her July 24 letter to the board, shareholders and stakeholders within 24 hours. The company has warned of potential civil or criminal actions against her and associates if compliance isn't achieved within 3 days of receipt. The company has firmly rejected her recent allegations of mismanagement and coercion, labelling them as "malafide, false, unwarranted and uncorroborated." ET Sources close to Rani Kapur confirmed receipt of the notice through DSK Legal. They indicated she plans to respond after consulting her legal team. These sources noted that with her bank accounts blocked, approaching the National Company Law Tribunal in Chandigarh appears to be her remaining option. Last Thursday, Rani requested postponement of the annual general meeting (AGM), alleging she was forced to sign documents while grieving for her son. The company proceeded with the AGM after legal consultation, noting she wasn't a shareholder and lacked standing to request postponement. Sunjay Kapur, Rani's son, died aged 53 on June 12 from a heart attack while playing polo in the UK. Rani Kapur claimed that she does not know what happened to her son. "I'm old now. I need closure before I go," she said in a video interview with ANI. Citing her declining health, Kapur added that she would not make further public comments. "Given my health and my age, I will not be making any further comments. My legal team will address everything necessary." The company escalated matters on Monday by sending the notice to Rani and copying Sebi, according to the ET sources. The notice questioned the timing of Rani's letter, sent just before the AGM, suggesting intent to harm the company. It emphasised that Rani isn't a shareholder and hasn't held any company role since 2019. The company highlighted its successful professional management since founder Surinder Kapur's death. The ownership structure shows 71.98% public shareholding through institutional investors, whilst promoters hold 28.02% via Aureus Investments Pvt Limited (AIPL). Following Sunjay's death, the company maintained transparency, appointed a new chairman and conducted the AGM. Priya Sachdev, Sunjay's wife, became a non-executive director following AIPL's nomination, ratified at Friday's AGM. The company termed Rani's actions "lamentable." Sona BLW shares have declined approximately 3 percent over five sessions. The company released a public statement Monday evening, asserting Rani's lack of standing in company matters. The statement rejected claims of family control, noting Aureus Investments holds one non-executive board position. It emphasised that six independent directors and two executive directors have no family connections. "The current board of 9 members include two executive directors — both seasoned professionals with no affiliation to the Kapur family — and six independent directors with exemplary reputations and distinguished careers. The promoter entity holds no executive roles and has no involvement in day-to-day management or strategic control of the Company," said the statement, quoted by ET. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
26-07-2025
- Business
- Hindustan Times
Sunjay Kapur's mother and wife at centre of ₹30,000-crore succession feud: All we know so far
Industrialist Sunjay Kapur's freak death at a polo match has set off an intense battle involving his mother and wife, with a ₹30,000-crore global company at its centre. Actor Priya Sachdev Kapur mourns during her husband, industrialist Sunjay Kapur's last rites, who died while playing a polo match in London on June 12, in New Delhi.(Shrikant Singh/ANI file) What mother Rani Kapur says Sunjay's mother, Rani Kapur, sought to stop an Annual General Meeting of the company, Sona BLW Precision Forgings (Sona Comstar), claiming she'd been made to sign documents under duress after Sunjay's death on June 23. She claims to be the sole representative of the Kapur family's interest in the auto components company. While she has not named anyone, she objected in particular to 'passing of a resolution to appoint certain directors'. That was seen as a reference to Sunjay's wife, Priya Sachdev Kapur. Wife Priya Sachdev Kapur appointed to board The company went ahead with its AGM on July 25, saying that Rani Kapur was not a shareholder since 2019. And it also appointed Priya Sachdev Kapur as a non-executive director. Sunjay Kapur died of a sudden cardiac arrest in London.(HT File Photo) Rani Kapur's letter of July 24 to the board of the company alleged that while the family is in mourning due to the sudden passing of Sunjay last month, 'some people have chosen this an opportune time to wrest control and usurp the family legacy'. Priya Sachdev Kapur, a former model and actor who has also been a corporate leader, has not said anything so far on this. Citing a will from 10 yrs ago Rani Kapur claims that as per a will of June 30, 2015, she is the sole beneficiary of her late husband Surinder Kapur's estate. This makes her a majority shareholder of the Sona group, including its share in the auto components firm. Sona Comstar is a public limited company since June 2021, with 71.98 per cent public shareholding and 28.02 per cent held by its corporate promoter, Aureus Investments Private Ltd (AIPL), as per its regulatory filings. The company says Rani Kapur has not been its shareholder at least since 2019. "In May 2019, the company received a declaration of significant beneficial ownership identifying Shri Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of Aureus Investments Private Ltd (AIPL)," it noted. Sunjay Kapur's death 'highly suspicious' Rani Kapur also termed the death of her son in the UK in June as having occurred in "highly suspicious and unexplained circumstances". Sunjay Kapur, who was once married to actor Karisma Kapoor, died due to a sudden heart attack while playing polo in Windsor, England. Reports indicated that a bee flew into his mouth during the match, which may have led to a heart attack. Mother Rani Kapur claimed she was compelled to sign various papers while in a fragile emotional state following his death. "The contents of such documents have never been revealed to me," she wrote in the letter. Refuting the claims, Sona Comstar said Priya Sachdev Kapur was appointed as a Non-Executive Director based on a nomination received from AIPL. "For clarity, the company confirms that no documents have been signed or obtained from Rani Kapur by the company following the passing of Sunjay Kapur," it stated. After Sunjay Kapur passed away in London on June 12, the company's board unanimously appointed Jeffrey Mark Overly as chairman on June 23. Forbes stated that Sunjay Kapur had a net worth of $1.2 billion ( ₹10,000 crore+) at the time of his death. Actor Karisma Kapoor attends the last rites of ex-husband Sunjay Kapur at Dayanand Muktidham Cremation Ground, Lodhi Road, in New Delhi.(PTI File) Sunjay is survived by his third wife Priya, mother Rani, children Samaira and Kiaan with ex-wife Karisma Kapoor, and Azarias with Priya; and sisters Mandhira Kapur Smith and Superna Kapur Motwane. He was first married to fashion designer Nandita Mahtani, from 1996 to 2000. (with PTI inputs)
Economic Times
25-07-2025
- Business
- Economic Times
Sona Comstar says Rani Kapur not a shareholder; confirms rejecting her request to postpone AGM
Auto components major Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said it did not defer its Annual General Meeting despite an email request from Rani Kapur, former Chairperson of the co and widow of late industrialist Dr Surinder Kapur, clarifying that she is not a shareholder of the company and that the AGM was held as scheduled in full compliance with the law.'Based on the legal counsel and the fact that Mrs. Kapur is not a shareholder of the Company, the Company concluded that it could not defer the AGM,' the company informed the exchanges after going ahead with its AGM. The company said it received an email from Rani Kapur late on July 24, 2025, requesting a deferment of the AGM that was scheduled for the following day. It added that the request was carefully reviewed, and legal advice was sought before arriving at a decision.'Late on 24 July 2025, an email was received from Mrs. Rani Kapur requesting a deferment of the AGM. Given our respect for Mrs. Kapur, the Company sought urgent legal advice from one of India's most reputed law firms in relation to the legality of proceeding with the AGM of the Company.' Also read: Sona BLW Precision holds AGM despite Rani Kapur's objection and questions on son Sunjay's 'suspicious' death Sona Comstar, which has been a publicly listed company since June 2021, noted that 71.98% of its shareholding is with the public, while the remaining 28.02% is held by its corporate promoter, Aureus Investments Private Limited (AIPL). The company said that in May 2019, it had received a declaration of significant beneficial ownership that identified the late Sunjay Kapur as the sole beneficial owner of the RK Family Trust, a significant shareholder in AIPL. It added that, as per its records, 'Mrs. Rani Kapur has not been a shareholder of the Company at least since 2019.' ET Online had earlier reported that Rani Kapur had written to the company's Board and shareholders requesting a deferment of the 29th Annual General Meeting of Sona Comstar. In her communication, Kapur cited the 'deep mourning' period following the death of her son, Sunjay Kapur, on June 12 in the United Kingdom, and urged the company to postpone the meeting. She described the circumstances surrounding his death as 'sudden and suspicious' and alleged that no formal explanation or documentation had been shared with also alleged that she was made to sign several documents in a vulnerable state after her son's passing, without being informed of their content. 'The contents of such documents have never been revealed to me,' she wrote, adding that these documents were 'executed by me under coercion and duress… at a time of mental and emotional vulnerability," Kapur said in the letter accessed by ET Online. She raised objections to recent developments within the company's leadership, claiming that Board appointments were being pursued without her knowledge or consent. 'I have not given any consent or officially nominated any person to come on the Board... or represent me in any capacity,' she stated. Also read: Sunjay Kapur's death 'suspicious', compelled to sign documents: Rani Kapur has a lot to say in this letter to Sona Comstar board Kapur further called for a two-week deferment of the AGM, citing inadequate transparency and saying the proposed resolutions 'could have long-term implications.' Her legal representative, Senior Advocate Vaibhav Gaggar, confirmed the contents of her letter to ANI and said she was not initiating legal proceedings at the moment but was seeking a pause in proceedings to ensure informed Kapur, Chairman of Sona Comstar and a prominent figure in Indian business circles, passed away in London on June 12, 2025. He reportedly suffered a heart attack while playing polo in the United final rites were conducted at the Lodhi Road Cremation Ground in New Delhi on June 19 in the presence of close family members and Kapur had previously been married to actor Karisma Kapoor, with whom he has two children—Samaira and Kiaan. The couple divorced in 2016. He later married Priya Sachdev, and the couple has a son named Azarias.
Time of India
25-07-2025
- Business
- Time of India
Sona Comstar AGM row: Company rejects late Sunjay Kapur's mother Rani Kapur's deferment plea, cites ‘not on record as shareholder since 2019'
Amid a brewing ownership dispute at Sona BLW Precision Forgings (Sona Comstar) following the sudden death of its chairman Sunjay Kapur, the company on Friday said it went ahead with its Annual General Meeting (AGM) in full compliance with legal and regulatory requirements, despite a request for postponement by Rani Kapur, the mother of the late chairman. Tired of too many ads? go ad free now Mother alleges attempts to 'usurp' legacy In a letter dated July 24 addressed to the company's board, Rani Kapur—former chairperson of the Sona Group and wife of former chairman Surinder Kapur—alleged that while the family is still in mourning, 'some people have chosen this as an opportune time to wrest control and usurp the family legacy.' She further alleged that Sunjay Kapur's death in the UK last month occurred under 'highly suspicious and unexplained circumstances' and stated she had not consented to or nominated anyone to represent the family on the board of Sona Comstar, PTI reported. 'I have been informed by well-wishers that an AGM of shareholders has been kept wherein one of the items is the passing of a resolution to appoint certain directors in the company as being the representative of the Kapur family,' her letter read. She claimed she was kept in the dark and requested the AGM be postponed by at least two weeks. Rani Kapur also asserted that as the sole beneficiary of her late husband Surinder Kapur's estate—based on a will dated June 30, 2015—she remains the majority shareholder of the Sona Group, including Sona Comstar. Company says Rani Kapur not a shareholder since 2019 However, in a regulatory filing, the company stated that Rani Kapur has not been recorded as a shareholder of the company at least since 2019. 'In May 2019, the company received a declaration of significant beneficial ownership identifying Shri Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of Aureus Investments Private Ltd (AIPL),' the filing said. Sona Comstar, which became a public limited company in June 2021, said 71.98% of its shares are now publicly held, while the remaining 28.02% are with corporate promoter AIPL. Tired of too many ads? go ad free now The company confirmed that it had received Rani Kapur's email late on July 24 requesting a deferment. After urgent legal consultation and taking into account that she is not a shareholder, Sona Comstar concluded it could not postpone the AGM. 'The AGM was conducted on schedule, in full compliance with applicable laws and regulatory frameworks,' the company said, quoted PTI. Priya Sachdev Kapur appointed to board, mother alleges lack of consent Among the resolutions passed at the AGM was the appointment of Priya Sachdev Kapur—wife of the late Sunjay Kapur—as a Non-Executive Director. She had been appointed as an Additional Director on June 23, 2025, based on a nomination received from AIPL, and her appointment had been reviewed by the Board's Nomination and Remuneration Committee. Rani Kapur, in her letter, also claimed that people were falsely presenting themselves as the 'largest shareholders' by claiming to represent the family's interest. She reiterated that by virtue of the will, she alone was entitled to that position. She further alleged that she had been 'compelled to sign various papers' during a fragile emotional state after her son's death, without knowing their contents. Company denies obtaining any documents from Rani Kapur Responding to this, the company said: 'For clarity, the company confirms that no documents have been signed or obtained from Rani Kapur by the company following the passing of Sunjay Kapur.' Sunjay Kapur passed away in London on June 12 while playing polo. On June 23, 2025, the board unanimously appointed Jeffery Mark Overly as Chairman.
