11 minutes ago

• Dehradun administration cancelled registrations of 103 homestays during an inspection drive across the district.
• Authorities found violations related to fire safety, guest record management, food licences and illegal commercial usage.
•Several homestays were allegedly operating as hotels, party venues and bars instead of owner-managed residential properties.
• The crackdown was carried out under ‘Operation Safai’ amid rising complaints linked to crime, public nuisance and traffic violations.
• Officials have started removing non-compliant properties from Uttarakhand Tourism listings while inspections continue in other areas.Read more

41 minutes ago

Godrej Properties has awarded construction contracts worth around INR 1,100 crore to Tata Projects for three luxury housing projects located on Golf Course Road in Gurugram. The partnership covers core and shell construction work for Godrej Sora, Godrej Astra and Godrej Samaris. The move comes as developers continue to accelerate premium housing launches in key urban markets amid sustained demand for luxury homes. Godrej Properties has been expanding its residential portfolio across major cities including Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad.Read more

1 hour ago

• Spain’s Supreme Court has struck down the national registry created for short-term tourist rental properties listed on platforms such as Airbnb.
• The court ruled that the central government did not have the authority to impose a nationwide registry alongside existing regional systems.
• The registry had required property owners to obtain a registration number before advertising tourist accommodation online.
• Spain has been tightening rules on holiday rentals amid concerns over housing affordability, rising rents and over-tourism in major cities.
• While cancelling the registry, the court upheld the requirement for online rental platforms to continue sharing property data with authorities.Read more

1 hour ago

• Delhi Metro is expected to operationalise three new corridors under Phase IV by December, including extensions of the Magenta and Pink Lines.
• The Aerocity–Tughlakabad corridor will improve airport connectivity and strengthen metro access across south Delhi.
• DMRC has also received approvals for additional Phase IV routes including Inderlok–Indraprastha and Rithala–Narela–Nathupur corridors.
• The Centre earlier approved Phase V(A) projects worth INR 12,014.91 crore to further expand Delhi Metro connectivity.
• The metro expansion is expected to improve daily commuting, reduce road congestion and support residential and commercial growth along new corridors.Read more

2 hours ago

• The Radisson Blu Hotel Nathdwara Stadium is being developed as India’s first integrated cricket stadium hotel project near Udaipur, Rajasthan.
• The development combines an international-standard cricket stadium with a luxury Radisson Blu hotel offering direct stadium-view rooms and hospitality facilities.
• Developed by the Miraj Group, the project is positioned as a sports tourism, hospitality and events destination targeting cricket, weddings and corporate gatherings.
• The integrated complex is expected to strengthen Nathdwara’s positioning beyond pilgrimage tourism through sports and experiential hospitality infrastructure.Read more

2 hours ago

•MMRDA has secured investment commitments worth around USD 40 billion at the World Economic Forum in Davos for projects across the Mumbai Metropolitan Region.
•The proposed investments are expected to support infrastructure, logistics, residential, commercial and economic development initiatives under the Mumbai 3.0 framework.
•Officials stated that the investment proposals are aimed at accelerating regional growth, strengthening connectivity and expanding employment-linked urban infrastructure across MMR.
•Reports indicate that the new city model focuses on integrated infrastructure, decentralised growth and long-term economic development planning for the Mumbai Metropolitan Region.Read more

3 hours ago

Episurf Medical has announced the acquisition of a real estate portfolio from Lilium in a deal valued at SEK 660 million. The portfolio is expected to add annual rental income of SEK 49 million and net operating income (NOI) of SEK 41 million to Episurf Medical’s business. The transaction is likely to be completed in the third quarter of 2026 and will be financed through a mix of a SEK 264 million share issue, a SEK 198 million convertible loan and bank funding. The acquisition marks a notable expansion of the company’s asset base and recurring income stream.Read more

3 hours ago

The Enforcement Directorate (ED) has arrested Punjab-based real estate developer Ajay Sehgal in a money laundering investigation linked to alleged forged consent letters used to obtain Change of Land Use (CLU) approvals for projects in Mohali. The probe involves projects including Suntec City, La Canela and District 7, with transactions estimated at over INR 200 crore. Authorities alleged that fake signatures and thumb impressions of landowners were used during the approval process. The investigation has also expanded to examine the possible role of officials connected to project clearances and land-use permissions in Punjab’s fast-growing real estate market.Read more

4 hours ago

The National Highways Authority of India (NHAI) has signed a memorandum of understanding (MoU) with the Norwegian Geotechnical Institute (NGI), Norway, to enhance technical capabilities in national highway infrastructure development. The partnership focuses on tunnel engineering, slope stability analysis, safety monitoring and infrastructure risk mitigation. Under the agreement, NGI will support feasibility studies, Detailed Project Reports (DPRs), tunnel safety audits and advanced geotechnical assessments. The collaboration will also include the use of InSAR-based slope monitoring and early warning systems. The move comes as India continues to expand highway connectivity in hilly and geologically sensitive regions.Read more

4 hours ago

The Reserve Bank of India infused INR 81,590 crore into the banking system through a three-day variable rate repo (VRR) auction to address tightening liquidity conditions. The funds were injected at a cut-off rate of 5.26 per cent. Although banks’ demand remained below the notified amount of INR 1 lakh crore, participation improved compared to the previous auction conducted this week. Banking system liquidity surplus also saw a sharp decline over the past few days, leading to higher overnight call money rates. Market participants expect the central bank to continue liquidity management measures if pressure on short-term rates persists.Read more

5 hours ago

MHADA has reviewed the progress of multiple affordable housing projects underway in Kalyan taluka under PMAY and regional housing schemes, including developments at Shirdhon and Khoni. The review focused on construction status, infrastructure connectivity, pending approvals and occupancy-related challenges affecting project execution. Officials also assessed the impact of major infrastructure projects, including the proposed Virar–Alibaug Multimodal Corridor, on planned housing layouts in the region. The exercise forms part of MHADA’s broader strategy to accelerate affordable housing delivery and improve residential infrastructure across the Mumbai Metropolitan Region.Read more

5 hours ago

• White Flower Developers plans to acquire a nearly 6,000 sq metre land parcel in Goa for around INR 65 crore.
• The proposed project is expected to include hospitality and mixed-use development components targeting tourism-driven demand.
• The acquisition reflects growing developer interest in premium coastal real estate and experiential hospitality projects in Goa.
• The development is likely to cater to rising demand for leisure travel, destination events and second-home investments in the state.Read more

6 hours ago

Swedish Logistic Property has signed a long-term lease agreement for a new logistics property in Jonkoping, strengthening its industrial and warehousing portfolio in Sweden. The company said the project will involve the development of a facility spanning around 21,600 square metres with a total estimated investment of SEK 231 million. The property has been secured under a 10-year lease arrangement and is expected to generate an annual rental value of SEK 16.5 million. The project is also expected to improve the company’s net rental income by nearly SEK 9.5 million.Read more

6 hours ago

• The Maharashtra government plans to set up an expert committee to accelerate Pune’s proposed underground road network project spanning nearly 54 km across the city.
• The proposed tunnel corridors are aimed at reducing traffic congestion, improving east-west connectivity and easing pressure on key arterial roads in Pune.
• Authorities are evaluating technical feasibility, alignment planning, funding models and integration with wider mobility and urban infrastructure projects across the city.Read more

7 hours ago

Indian Hotels Company Limited (IHCL) has expanded its iconic Chinese fine-dining brand Golden Dragon to North India with the opening of a new outlet at Taj Surajkund Resort & Spa in Delhi-NCR. The move is part of the hospitality major’s strategy to strengthen its premium food and beverage portfolio amid rising demand for experience-led dining formats. Golden Dragon, which was first launched at The Taj Mahal Palace in Mumbai more than five decades ago, already operates in cities such as Hyderabad, Chennai and Colombo. IHCL said the Delhi-NCR launch aligns with changing consumer preferences and the evolving hospitality market in the region.Read more

7 hours ago

Maharashtra Chief Minister Devendra Fadnavis said the state is on track to become a USD 1 trillion economy by 2030, backed by growth in infrastructure, artificial intelligence, startups and innovation-led sectors. Speaking at the ImagiNxt 2026 event in Mumbai, he said Maharashtra has already become the world’s 30th largest economy and could surpass the economies of Singapore and the UAE within the next few years. The state government is also increasing the use of AI across governance, agriculture and the criminal justice system while closely monitoring investment execution through dedicated mechanisms.Read more

8 hours ago

Putprop Ltd has entered into an agreement with Bluhire Proprietary for the sale of its Montana Park property for R29 million. The transaction was disclosed through a regulatory filing on the Johannesburg Stock Exchange during the past week. The move forms part of Putprop’s ongoing portfolio management strategy as property companies continue to evaluate asset performance and capital allocation amid changing market conditions. The company has not yet disclosed further operational details related to the property or timelines linked to the completion of the transaction.Read more

8 hours ago

Aditya Birla Capital plans to utilise INR 3,500 crore from its recently announced INR 4,000 crore preferential equity fundraise to strengthen and expand its lending operations. The remaining INR 500 crore will be used for general corporate purposes, including investments in subsidiaries. The capital infusion will largely come from promoter entities of the Aditya Birla Group and the International Finance Corporation. The company’s shareholders are expected to consider the proposal at an extraordinary general meeting scheduled for June 12, 2026. The fundraising comes as the company continues to scale up its lending and asset management businesses.Read more

9 hours ago

The BJP-led Mahayuti alliance in the Brihanmumbai Municipal Corporation has proposed one underground parking facility in each of Mumbai’s 27 wards as part of its congestion management plan. The parking hubs are proposed beneath gardens and playgrounds to address parking shortages without additional land acquisition in densely populated areas. The proposal was included in the alliance’s 100-day municipal report released on 22 May, with civic officials stating that corporators, MLAs and ward authorities have been asked to identify suitable plots in line with Development Control and Promotion Regulations provisions.Read more

9 hours ago

Allcargo Terminals Limited has reported a strong turnaround in its financial performance for the quarter and year ended March 2026. The company posted a consolidated net profit of INR 8.8 crore in Q4 FY26, compared with a loss in the corresponding period last year, supported by higher cargo volumes and improved operational efficiency. For the full fiscal year FY26, profit after tax rose 46 per cent year-on-year to INR 44 crore. Revenue and EBITDA also registered steady growth, driven by expansion across key port-based facilities and stronger EXIM trade activity.Read more

10 hours ago

US-based real estate investment trusts AvalonBay Communities and Equity Residential are reportedly nearing a merger agreement that could create one of the largest apartment housing REITs in the United States. According to media reports, AvalonBay shareholders may receive 2.793 shares of Equity Residential common stock for every AvalonBay share held, with AvalonBay investors expected to own slightly over 51% of the merged entity. The combined company is also expected to declare an initial annual dividend of USD 2.81 per share. Together, both companies manage more than 180,000 apartment units across the US housing market.Read more

10 hours ago

• Rapid Holdings 2 Pte Ltd, backed by Brookfield Asset Management, sold over 3.04 crore units of Energy Infrastructure Trust through a block deal on the BSE.
• The transaction was valued at around INR 231.34 crore and executed at an average price of INR 76.10 per unit.
• Tara Investments 2 (Incorporated VCC Sub-Fund) purchased the same number of units in a matching deal.
• Energy Infrastructure Trust units ended flat at INR 76.70 on the BSE after the transaction.
• The deal comes amid continued institutional interest in India’s InvIT and infrastructure investment segment.Read more

11 hours ago

• Dalmia Bharat Ltd is set to acquire cement assets of Jaiprakash Associates Ltd (JAL) for more than INR 2,500 crore, as per sources.
• The deal includes 5.2 MTPA cement capacity and 3.3 MTPA clinker capacity from JAL.
• The transaction is part of the Adani Group-led restructuring of JAL after its acquisition under the Insolvency and Bankruptcy Code (IBC).
• The agreement is expected to settle earlier disputes, legal proceedings, arbitral issues and past framework arrangements related to the cement assets.
• The restructuring also involves broader asset integration of JAL across cement, power, logistics and infrastructure segments by Adani Group companies.Read more

11 hours ago

• UP RERA has barred developers from using homebuyers’ funds in assured return schemes.
• All RERA-registered projects must now operate through three dedicated bank accounts.
• At least 70% of homebuyers’ money will be routed daily into a separate account for construction use.
• Withdrawals will require certification from an architect, engineer, and chartered accountant.
• The regulator aims to strengthen transparency and prevent diversion of project funds.Read more

12 hours ago

• Kalpataru Projects International reported its highest-ever annual revenue and profit growth for FY2025-26 driven by strong execution across infrastructure businesses.
• The company recorded improved profitability, reduced debt levels and healthier cash flow management during the financial year.
• KPIL’s order book remained strong with new project wins across transmission, buildings, oil and gas and urban infrastructure segments.
• The board has recommended a dividend for shareholders following the company’s improved operational and financial performance.Read more

12 hours ago

Home Invest Belgium reported EPRA earnings of EUR 4.32 million for the first quarter of 2026, supported by high occupancy levels and a largely residential portfolio. The company said the fair value of its real estate portfolio stood at EUR 969.15 million at the end of March 2026. Residential assets continued to dominate its holdings, accounting for 91.7% of investment properties available for rent. The occupancy rate remained strong at 98.3% during the quarter. Looking ahead, the company expects EPRA earnings per share for 2026 to rise to EUR 1.23 or remain stable compared to EUR 1.21 recorded in 2025.Read more

13 hours ago

The Enforcement Directorate has approached police authorities in multiple states to ensure protection for homebuyers and witnesses linked to the Ocean Seven Buildtech Pvt Ltd case involving promoter Swaraj Singh Yadav. The action follows complaints of threats, intimidation, and coercion reported during a recent bail hearing in a money laundering investigation tied to alleged misuse of funds in affordable housing projects. Victims told the court that they were being pressured to withdraw statements, while some also faced alleged false FIRs. The court directed immediate protection measures, prompting coordinated action by the ED with law enforcement agencies.Read more

13 hours ago

Mortgage rates in the United States moved higher in the past week, with the average 30-year fixed home loan rate rising to 6.56%, according to data released by the Mortgage Bankers Association (MBA). The increase came as rising oil prices, uncertainty around the Iran conflict and concerns over inflation pushed U.S. Treasury yields upward. Home loan demand weakened during the same period, with mortgage applications falling to a five-week low. Markets are also closely watching the upcoming leadership change at the Federal Reserve, although investors largely expect interest rates to remain elevated amid continuing inflation concerns.Read more

14 hours ago

Suzlon has secured a repeat 195 MW wind energy order from Sunsure Energy, strengthening its position in India’s renewable energy sector. With this order, Suzlon’s 3 MW platform has reached nearly 9 GW in total sales, reflecting continued market adoption. The partnership between both companies now stands at around 300 MW across Maharashtra and Karnataka. Suzlon’s orderbook in Karnataka has crossed 2 GW, while its installed base in the state is 1,500 MW. The project includes installation of 65 wind turbine generators along with execution and long-term operations and maintenance services.Read more

15 hours ago

JSW Cement Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by strong cement and GGBS sales growth. The company posted a profit of INR 361.65 crore compared to INR 16.21 crore in the year-ago period, while revenue from operations also increased. Sales volumes across cement and slag segments remained strong during both the quarter and FY26. Despite the quarterly growth, the company reported a higher annual net loss due to exceptional financial expenses. JSW Cement also approved a new capacity expansion project at its Nagaur plant in Rajasthan to strengthen its production footprint in North India.Read more

16 hours ago

• The Enforcement Directorate (ED) has sought police protection for homebuyers and witnesses linked to the money laundering probe against Gurugram-based Ocean Seven Buildtech Pvt Ltd and promoter Swaraj Singh Yadav.
• Several buyers told a Delhi court that they were facing threats, intimidation and pressure for cooperating with the investigation.
• The ED has written to police authorities in Delhi, Haryana and Rajasthan after the court directed interim protection for complainants and witnesses.
• The case is linked to alleged irregularities in affordable housing projects, including arbitrary cancellations, re-allotments and diversion of homebuyer funds.
• Haryana’s DTCP has also been informed about alleged financial misappropriation and fund diversion by the company.Read more

17 hours ago

Adani Realty, Reliance Industries Limited, Macrotech Developers and JSW Group are among firms that have submitted bids for redevelopment projects spanning 206.49 acres across three MHADA layouts in Mumbai. The projects cover SVP Nagar in Andheri West, Bandra Reclamation in Bandra West and Adarsh Nagar in Worli under MHADA’s Construction and Development Agency model. The cluster redevelopment projects aim to modernise ageing housing colonies and upgrade infrastructure, though the proposals are facing legal challenges and opposition from several resident groups and housing societies.Read more

18 hours ago

• The Union Ministry of Road Transport and Highways has sanctioned over INR 11.6 crore for two underpass projects on NH-66 in Mangaluru.
• Around INR 7.1 crore has been approved for a light vehicular underpass at the accident-prone Baikampady Junction.
• Another INR 4.5 crore has been cleared for an underpass near KIOCL Junction and Kulur Bridge to improve traffic flow towards Tannirbhavi and MSEZ.
• The projects are aimed at reducing congestion, improving road safety and supporting industrial and port-related traffic movement in Dakshina Kannada.
• The approvals come after port-area roads in the region were transferred to NHAI to speed up infrastructure development works.Read more

19 hours ago

Rail Vikas Nigam Ltd (RVNL) has received approval from Bidhannagar Police to begin construction work on a crucial 120-metre viaduct gap on VIP Road for Kolkata Metro’s Orange Line project connecting New Garia and the airport. The pending work near Kaikhali and Haj House had remained delayed for a long period because of traffic movement concerns and construction permissions. The latest approval comes shortly after progress at Chingrighata, where another important viaduct gap was bridged on the corridor. With multiple pending sections now moving ahead, authorities are looking to speed up construction on the remaining stretches of the Kolkata Airport Metro route.Read more

20 hours ago

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 1 lakh crore to improve liquidity conditions in the banking system after surplus funds declined sharply in recent weeks. The move comes as GST-related outflows pushed overnight money market rates higher and reduced surplus liquidity levels. The central bank has already conducted multiple VRR auctions this month to ensure stable short-term funding conditions for banks. Despite these measures, recent auctions have seen muted participation from lenders, reflecting cautious liquidity management across the banking sector.Read more

21 hours ago

The first Delhi section of the Delhi-Mumbai Expressway between DND Flyway and Jaitpur is expected to be completed within the next few weeks, according to Union Road Transport and Highways Minister Nitin Gadkari. The stretch is part of the larger DND-Faridabad-Sohna access-controlled corridor and is expected to ease congestion for commuters travelling from Noida, East Delhi and South Delhi towards Haryana and western India. The project is also expected to improve connectivity to the upcoming Noida International Airport at Jewar through a separate under-construction link road. Officials said the corridor is part of a broader Delhi-NCR decongestion and mobility improvement plan.Read more

22 hours ago

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency resolution process (CIRP) petition filed by Indiacrete Ready Mix Pvt. Ltd. against Theme Developers Pvt. Ltd. under the Insolvency and Bankruptcy Code (IBC). In its order, the tribunal approved commencement of CIRP against the developer and appointed an Interim Resolution Professional (IRP) to oversee the insolvency proceedings. The tribunal also imposed a moratorium on legal proceedings and directed public announcement of the insolvency process in accordance with IBC provisions. According to the order, the operational creditor was instructed to deposit INR 3 lakh towards initial CIRP-related expenses, including issuance of public notices and claim invitation procedures.Read more

24 May 2026

• The Maharashtra Coastal Zone Management Authority (MCZMA) has scaled down a proposed luxury housing project in Nerul to seven towers after examining Coastal Regulation Zone (CRZ) related concerns.
• The project came under regulatory scrutiny during the coastal clearance review process, with authorities assessing development impact and permissible construction norms.
• The decision highlights increasing regulatory oversight on large real estate projects proposed near environmentally sensitive coastal and creek-side zones in the Mumbai Metropolitan Region.Read more

24 May 2026

• A commercial tower proposal has emerged as part of the development plan for Mulund salt pan land linked to the Dharavi Redevelopment Project (DRP).
• The proposed project includes one commercial building, free-sale residential towers and rehabilitation housing for Dharavi residents.
• The development forms part of nearly 256 acres of salt pan land across Mulund, Kanjurmarg and Bhandup being developed by Navbharat Mega Developers Pvt. Ltd., in which the Adani Group holds an 80 per cent stake.Read more

24 May 2026

Uttarakhand is set to get its first construction and demolition (C&D) waste processing plant in Dehradun as the state moves to improve scientific waste management and reduce illegal dumping of debris. The proposed facility will process waste generated from construction, renovation and demolition activities and convert it into reusable materials. The move is expected to support cleaner urban development and reduce pressure on landfill sites. The project also comes amid growing concerns over unmanaged C&D waste in urban areas and follows earlier state-level efforts to strengthen solid waste management infrastructure in Dehradun and nearby cities.Read more

24 May 2026

Karjat is gradually transitioning from a weekend-home and leisure destination into a potential first-home residential market as infrastructure development, improving connectivity and expanding social infrastructure reshape buyer interest across the Mumbai Metropolitan Region. Industry stakeholders indicate that projects such as the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, the proposed Virar-Alibaug Multimodal Corridor and the Panvel-Karjat suburban rail corridor are expected to significantly improve accessibility over the coming years. Compared to Mumbai and Navi Mumbai, Karjat continues to offer lower residential costs, larger living spaces and lower-density surroundings, attracting first-time buyers, hybrid-working professionals and families seeking long-term liveability. Developers and industry bodies believe the region could evolve into a major residential growth corridor within the next five years.Read more

24 May 2026

• ANAROCK Capital estimated that India’s real estate sector may require nearly INR 50 lakh crore capital by 2036.
• The report stated that affordable housing remains significantly underfunded despite rising urbanisation and housing demand.
• Residential real estate is expected to account for a major share of the projected capital requirement.
• The report highlighted the need for alternative funding, deeper debt markets and higher domestic and global investor participation.Read more

24 May 2026

Fujiyama Power Systems has announced plans to set up a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, aimed at expanding its domestic production capacity. The company currently operates a 1 GW Mono PERC solar cell plant in Dadri, Uttar Pradesh. The Ratlam unit is expected to begin commercial operations in Q1 FY2028, with an estimated investment of INR 350 crore funded through debt and internal accruals. The expansion focuses on backward integration, cost efficiency and ensuring supply of DCR-compliant solar cells. The company is also part of MNRE ALMM-II list and targets growing rooftop solar demand.Read more

24 May 2026

Yuexiu Property has proposed the issuance of CNY1.6 billion worth of 3.40% guaranteed green notes due in 2029 as part of its funding and debt management strategy. The company said the proceeds from the bond issue will primarily be used to refinance offshore debts that are set to mature within the next one year. The move comes at a time when several Chinese developers continue to focus on improving liquidity positions and extending debt maturities amid ongoing pressure in the real estate sector. Yuexiu Property has remained relatively active in capital markets compared to several peers.Read more

24 May 2026

Redseer Strategy Consultants has projected that India’s knowledge-economy office market could witness nearly 79 million sq ft of incremental office demand between CY2025 and CY2030 as artificial intelligence adoption reshapes enterprise workplace strategies. According to the firm’s report titled AI and the Future of Flexible Workspaces, AI-led hiring across global capability centres, large enterprises and AI-native startups is expected to accelerate demand for managed and flexible workspaces focused on collaboration, agility and specialised infrastructure. The study estimates that India’s flexible workspace stock has already expanded from nearly 33 million sq ft in CY2020 to over 103 million sq ft in CY2025, while approximately 82% of surveyed enterprises plan to increase flex workspace adoption over the next two years.Read more

24 May 2026

New Zealand Rural Land Company has approved an unimputed cash dividend of 1.34 New Zealand cents per share for the first quarter. The decision was announced during the past day as part of the company’s regular shareholder payout process. The company, which focuses on owning and leasing rural land assets across New Zealand, has continued to maintain periodic dividend distributions amid steady demand for agricultural and horticultural land in the country. The latest dividend declaration reflects the firm’s ongoing commitment to returning value to shareholders through quarterly cash payouts.Read more

24 May 2026

Property transactions in Belagavi have been significantly impacted following the implementation of mandatory e-khata requirements and changes to Karnataka’s Kaveri 2.0 registration platform, leading to delays in registrations, khata transfers and sale deed processing due to technical and procedural issues. BJP MLA Jagadish Shettar has sought urgent state government intervention, highlighting the difficulties faced by property owners, developers and document writers amid the ongoing transition to digital property record systems.Read more

24 May 2026

Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited and Jharkhand Bijli Vitran Nigam Limited, has started trial operations of its second 800 MW unit at the Patratu Super Thermal Power Project in Jharkhand. With this addition, the project’s installed capacity has reached 1,600 MW, while NTPC group capacity has crossed 90 GW. A major share of generated power is allocated to Jharkhand to support demand from industries and households. The project uses ultra-supercritical technology and is part of NTPC’s ongoing capacity expansion in eastern India.Read more

24 May 2026

Investore Property has indicated that it currently plans to pay a cash dividend of 6.50 NZ cents per share for FY27, according to its FY26 annual results released recently. The announcement comes as the New Zealand-based property company continues to focus on income distribution and portfolio stability amid changing market conditions. Investore Property, which owns and manages large-format retail properties across New Zealand, has historically maintained a steady dividend policy backed by long-term tenant leases and occupancy levels. The company’s latest update gives investors an early indication of expected shareholder returns for the upcoming financial year.Read more

24 May 2026

• HCBS Developments Limited has partnered with Jindal Stainless to use ‘Jindal Infinity Stainless Steel Rebars’ in its Twin Horizon residential project in Gurugram.
• The rebars are being deployed for diaphragm wall and raft foundation applications due to their corrosion resistance and suitability for high groundwater conditions.
• The 5.29-acre project will comprise two residential towers with 268 housing units and seven commercial spaces.
• Architectural design for the project is being handled by Morphogenesis, while construction execution is being undertaken by Krishna Buildestates Private Limited.
• The developer said excavation and diaphragm wall work for Tower West has been completed, while similar work for Tower East is currently underway.Read more