20 minutes ago

• The Telangana High Court has directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) not to undertake demolition activities in Kokapet without adhering to due legal process.
• The order came in response to petitions filed by property owners who challenged demolition notices and alleged procedural lapses by the agency.
• Petitioners argued that structures were targeted without adequate opportunity to present ownership records, approvals and supporting documents.
• The court emphasised that any enforcement action involving demolition must comply with statutory requirements, including issuance of notices and granting hearings to affected parties.
• The case forms part of a growing series of legal disputes linked to HYDRAA’s enforcement drives against alleged encroachments and unauthorised developments in the Hyderabad metropolitan region.Read more

50 minutes ago

Shriram Properties reported a return to annual profitability in FY26, driven by higher revenue from operations, improved project execution and stronger earnings during the year. The Bengaluru-based developer posted a net profit compared to a loss in the previous fiscal, while fourth-quarter results also showed significant growth in both revenue and profit. Alongside approving its audited financial results, the company's board cleared the acquisition of partner stakes in four joint venture projects, a move aimed at increasing ownership and operational control. The developments reflect the company's focus on strengthening its project portfolio and improving financial performance amid sustained demand in the residential housing market.Read more

1 hour ago

• The Tamil Nadu government has confirmed the continuation of its free bus pass scheme for school and college students for the 2026-27 academic year.
• Free travel passes will be issued through educational institutions as schools and colleges across the state begin reopening from June 4.
• Students will be allowed to travel without payment during the interim period while passes are being processed and distributed.
• Government college students can continue to access free bus services by producing institution-issued identity cards.
• The transport department has deployed monitoring teams and issued operational instruRead more

1 hour ago

• South Western Railway has initiated scheduled maintenance works at the Lowry Road Underbridge (RUB) near KR Puram in Bengaluru in early June 2026, triggering phased traffic restrictions across key eastern corridors.
• Traffic movement is impacted across KR Puram, Ramamurthy Nagar, ITI Colony, ITPL and Whitefield, which together form a major residential and IT commuting network.
• Authorities have implemented diversions via the KR Puram cable-stayed bridge and adjoining arterial roads, with both full and partial closures planned between June 4 and June 9, including limited night-time restrictions.Read more

Mumbai News Desk

2 hours ago

• The Brihanmumbai Municipal Corporation (BMC) has received interest from 13 institutions for its maiden INR 1,000 crore green bond issuance process.
• The current stage involves selection of a merchant banker to structure and manage the proposed bond issue.
• The green bond is expected to finance environment-focused urban infrastructure projects in Mumbai, strengthening sustainable financing frameworks for civic development.
• The strong participation indicates institutional confidence in municipal bond-led funding mechanisms as urban local bodies explore diversified capital-raising avenues.
• The initiative marks a key step in BMC’s efforts to tap capital markets for infrastructure development.Read more

2 hours ago

• Andhra Pradesh is planning a INR 3,500 crore furniture manufacturing hub near Gudur.
• The proposed cluster is expected to support large-scale furniture production and attract domestic and international investment.
• Officials said the project will focus on strengthening manufacturing infrastructure, employment generation and industrial development.
• The initiative forms part of the state’s broader strategy to expand industrial clusters and boost manufacturing-led economic growth.Read more

Gurugram News Desk

3 hours ago

• Airbnb has leased 46,437 sq ft of office space in DLF Cyber City, Gurugram, for its Global Capability Centre (GCC).
• The lease is for a five-year term at a monthly rent of about INR 61.53 lakh, as per transaction documents.
• The deal highlights continued expansion of GCC-led leasing activity in India’s Grade-A office market.
• The space is located within one of Gurugram’s key commercial office hubs, strengthening Airbnb’s operational footprint in India’s corporate services ecosystem.Read more

3 hours ago

• The Supreme Court has ruled that the Navi Mumbai Municipal Corporation (NMMC) is the competent authority to levy and collect property tax in the Thane Trans Creek (TTC)-MIDC industrial area.
• The judgment brings an end to a legal dispute that has been ongoing for more than two decades between industrial associations and civic authorities over taxation powers in the corridor.
• The ruling clarifies the distinction between municipal taxes and service charges collected by the Maharashtra Industrial Development Corporation (MIDC), while also addressing the applicability of tax exemptions in the industrial belt.
• The decision is expected to pave the way for recovery of substantial pending property tax dues from industrial units operating in the region.Read more

4 hours ago

• Belagavi Airport’s new Terminal 2 is nearing completion, bringing a major upgrade to aviation infrastructure in northern Karnataka.
• Developed at an estimated cost of INR 223 crore, the terminal blends modern facilities with architectural elements inspired by the region’s heritage.
• The project is expected to enhance passenger handling capacity and strengthen Belagavi’s role as a key regional aviation hub.Read more

4 hours ago

• Indian Renewable Energy Development Agency (IREDA) reported a net profit of INR 492.63 crore for the March quarter, down 1.77% from INR 501.55 crore recorded a year earlier.
• The decline in quarterly profit came despite higher income growth, as expenses increased significantly during the reporting period.
• For FY26, the state-owned renewable energy financier posted its highest-ever annual profit of INR 1,874 crore, compared with INR 1,698 crore in FY25.
• Loan sanctions, disbursements and the overall loan book registered year-on-year growth, reflecting continued expansion of renewable energy financing activities.
• The board has recommended a final dividend of INR 0.75 per equity share, taking the total dividend for FY26 to INR 1.35 per share, subject to shareholder approval.Read more

Mumbai News Desk

5 hours ago

The Brihanmumbai Municipal Corporation (BMC) demolished around 150 residential and commercial structures in Mulund’s Amar Nagar and Khindipada areas to clear land for the Goregaon-Mulund Link Road (GMLR) project. Civic authorities said the action followed a rehabilitation survey conducted in 2022, under which eligible residents were allotted rehabilitation flats in Kanjurmarg. Several affected residents, however, alleged errors in the eligibility survey and claimed they were excluded from rehabilitation benefits despite residing in the area for years.Read more

5 hours ago

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of award worth approximately INR 2,002 crore across its core business verticals. The contracts include power transmission and distribution projects in international markets, building and factory projects within India, and a railway sector order. The latest wins strengthen the company’s presence in key overseas regions, particularly the Middle East and Nordic countries, while also expanding its domestic order book. The development reflects continued demand across infrastructure segments where KPIL operates, including power, urban mobility, railways and industrial construction. The company currently executes projects in more than 30 countries and maintains a footprint across 75 countries globally.Read more

6 hours ago

• The Enforcement Directorate (ED) has arrested Satinder Singh Bhasin, promoter and director of Noida-based Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL), in a money laundering investigation linked to alleged fraud involving homebuyers and investors.
• Bhasin, who is also associated with the Grand Venice Mall project in Greater Noida, was taken into custody and remanded to ED custody until June 6 by a special PMLA court in Ghaziabad.
• The case stems from multiple FIRs registered by Uttar Pradesh Police in 2015 alleging that funds collected from investors for commercial real estate units were not utilised for the promised developments.
• Investigators have alleged that money raised from the public was diverted through associated entities and group companies instead of being deployed for project construction and delivery.
• The arrest follows directions issued by the Supreme Court after the agency alleged that the promoter had not been cooperating with the investigation.Read more

6 hours ago

• The National Highways Authority of India (NHAI) has cleared the Kurukshetra bypass project, paving the way for the start of land acquisition activity.
• The proposed bypass spans around 28 km and is aimed at easing congestion on existing highway routes passing through Kurukshetra.
• The project is part of a broader set of road infrastructure approvals aimed at improving connectivity across Haryana’s highway network.Read more

7 hours ago

Aadhar Housing Finance has outlined plans to increase its assets under management (AUM) to INR 50,000 crore by FY29, supported by an anticipated 18–20 per cent annual growth in loan disbursements. The affordable housing lender ended FY26 with an AUM of INR 30,571 crore and reported a 22 per cent rise in net profit to INR 1,108 crore. The company, which primarily serves low-income homebuyers with average loan ticket sizes below INR 15 lakh, expects to maintain profit growth of 20–22 per cent. Alongside business expansion, the lender plans to open 40–45 new branches during the current financial year while continuing to strengthen its nationwide presence across 22 states and Union Territories.Read more

Mumbai News Desk

7 hours ago

• The Maharashtra Housing and Area Development Authority (MHADA) has identified 82 buildings across Mumbai as highly dangerous ahead of the monsoon season and has initiated precautionary measures for resident safety.
• The structures have been categorised under the ‘C-1’ classification, indicating that they are unsafe for habitation and require evacuation or demolition.
• Notices have been issued to residents and occupants, while coordination has been initiated with civic authorities, police and disaster management agencies.
• The exercise forms part of Mumbai’s annual pre-monsoon structural safety review aimed at reducing risks associated with ageing and dilapidated buildings.
• Authorities have urged occupants to vacate unsafe premises as heavy rainfall conditions are expected to increase structural vulnerability during the monsoon months.Read more

8 hours ago

• Germany’s EUR 500 billion infrastructure fund has missed key spending and implementation targets, according to a finance ministry report due to be released this week.
• The fund disbursed EUR 24 billion in 2025, significantly below the planned EUR 37.4 billion allocation intended to stimulate economic growth.
• Only 26 of 109 planned project milestones for 2026 had been achieved by the end of May, highlighting slower-than-expected implementation.
• Housing construction recorded a progress score of 66%, while transport, energy and digital infrastructure projects showed mixed performance.
• Despite the delays, the finance ministry estimates that investments from the fund are contributing approximately 0.5 percentage points to Germany’s gross domestic product (GDP).Read more

8 hours ago

• India Infrastructure Finance Company Limited (IIFCL) reported a net profit of INR 1,379 crore for FY26, a decline of 36% from INR 2,165 crore in the previous fiscal, primarily due to foreign exchange fluctuations.
• The state-owned infrastructure financier recorded its highest-ever annual sanctions of INR 57,680 crore and disbursements of INR 32,972 crore during the year.
• IIFCL's standalone loan book grew nearly 17% to INR 81,715 crore as of March 31, 2026, while cumulative standalone disbursements reached approximately INR 1.89 lakh crore.
• Asset quality strengthened significantly, with the gross non-performing asset (NPA) ratio declining to 0.4% and net NPA reducing to zero.
• The company's net worth rose to INR 17,898 crore and its capital adequacy remained well above regulatory norms, supporting continued infrastructure financing activity across sectors.Read more

9 hours ago

• The National Company Law Appellate Tribunal (NCLAT) has granted Mumbai-based Supreme Housing and Hospitality a final opportunity to settle outstanding dues of INR 567 crore owed to Canara Bank.
• The tribunal directed the company’s promoters to deposit INR 460 crore in a no-lien account with the bank by June 13, 2026.
• Failure to make the payment within the stipulated timeline will allow insolvency proceedings against the company to continue.
• The dispute follows multiple failed one-time settlement (OTS) attempts and prolonged litigation between the developer and the lender.
• Canara Bank has also initiated efforts to sell its loan exposure linked to the company through a debt sale process after previous recovery attempts remained unsuccessful.Read more

9 hours ago

• Mumbai-based Arkade Developers reported FY26 pre-sales of INR 901 crore, registering 17% year-on-year growth amid sustained residential demand across the Mumbai Metropolitan Region.
• The company posted total revenue of INR 828 crore, up 19% year-on-year, while collections reached INR 728 crore during the financial year.
• Arkade completed the acquisition of the Filmistan property in Goregaon West, Mumbai, with plans to develop an ultra-luxury residential project having an estimated GDV of INR 3,500 crore.
• A one-time accounting adjustment of around INR 182 crore linked to the transaction impacted FY26 consolidated financial statements but was described as non-operational in nature.
• The developer expanded its project pipeline to an estimated GDV of INR 12,800 crore and secured cluster redevelopment rights for nine housing societies in Kandivali East.Read more

10 hours ago

• Luxury hotel operators including ITC Hotels, Radisson Hotel Group and The Leela have reported strong growth in domestic leisure travel during the summer season.
• Geopolitical tensions and travel disruptions in parts of West Asia, coupled with rising international travel costs, have prompted many affluent Indian travellers to consider premium domestic alternatives.
• Hill stations, spiritual destinations, wellness retreats and heritage locations have emerged as major demand drivers, with occupancy levels and bookings exceeding last year's performance.
• Tier-2 and Tier-3 cities such as Prayagraj, Katra, Amritsar and Bhubaneswar are witnessing increased visitor interest as travellers seek authentic cultural and spiritual experiences.
• Hospitality executives indicate that experience-led tourism focused on wellness, culture, gastronomy and local immersion is shaping travel preferences across India's luxury segment.Read more

10 hours ago

• The Ulhasnagar Municipal Corporation (UMC) has identified 283 buildings as dangerous and vulnerable to collapse ahead of the monsoon season.
• Notices have been issued to occupants of structurally unsafe buildings, with authorities urging residents to vacate high-risk properties before heavy rainfall intensifies.
• The identified structures include several ageing residential and mixed-use buildings spread across different parts of the city.
• Municipal authorities have initiated inspections, emergency preparedness measures and coordination with disaster management agencies to mitigate risks during the monsoon.
• The exercise forms part of a wider pre-monsoon safety review being undertaken across the Mumbai Metropolitan Region (MMR) to address risks associated with deteriorating building stock.Read more

11 hours ago

• Delhi-based TARC Ltd reported a consolidated net profit of INR 1.61 crore for the quarter ended March 2026, compared with a net loss of INR 104.56 crore in the corresponding period a year earlier.
• The company's total income surged to INR 300.01 crore during the fourth quarter, supported by revenue recognition from its TARC Tripundra housing project.
• For the full financial year 2025-26, TARC posted a net profit of INR 19.03 crore against a loss of INR 231.28 crore in the previous fiscal.
• Annual total income increased sharply to INR 671.78 crore from INR 38.88 crore in FY2024-25, reflecting improved project execution and sales monetisation.
• The developer plans to continue phased launches and expand its luxury and ultra-luxury residential portfolio across its land holdings in Delhi-NCR.Read more

Ghaziabad News Desk

11 hours ago

• The Ghaziabad Development Authority (GDA) has decided to review fire safety measures across residential societies following a series of recent fire incidents in high-rise housing projects.
• The authority will coordinate with the fire department and other agencies to assess compliance with fire safety norms, emergency access requirements and operational firefighting systems.
• Residential complexes found lacking mandatory fire safety infrastructure may face notices and corrective action directives.
• The review will focus on fire equipment maintenance, evacuation preparedness, emergency access routes and adherence to approved building safety standards.
• The exercise comes amid increasing concerns over fire risks in high-density residential developments across the National Capital Region (NCR).Read more

12 hours ago

• Prestige Estates Projects is targeting sales bookings of INR 35,000–36,000 crore in FY27, representing a growth of 15–20 per cent over the previous fiscal.
• The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY26, marking a 76 per cent year-on-year increase.
• The company has a launch pipeline valued at around INR 60,000 crore across key markets including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR.
• Management remains confident about residential demand despite global uncertainties and rising construction costs linked to the West Asia conflict.
• Prestige also reported a sharp rise in profitability and income during FY26, supported by strong operational performance across asset classes.Read more

12 hours ago

• Tata Power Solar Rooftop has launched the ‘Ghar Ghar Solar’ campaign in Uttar Pradesh in partnership with Tata Power Battery Storage.
• The initiative aims to accelerate rooftop solar adoption and provide households with round-the-clock clean energy solutions.
• The company plans to install 3 lakh rooftop solar systems across the state over the next three years, targeting 1,000 MWp of cumulative capacity.
• The programme combines rooftop solar, battery storage and financing options to make clean energy more accessible and affordable.
• Uttar Pradesh offers subsidies of up to INR 1.08 lakh for systems up to 3 kW through combined central and state government incentives.Read more

13 hours ago

Mumbai’s Slum Rehabilitation Authority (SRA) has identified 19 large slum clusters across the city for redevelopment under Maharashtra’s newly introduced cluster redevelopment policy for plots exceeding 50 acres. The projects include major sites in Andheri West, Govandi, Mankhurd, Wadala and Vikhroli, with the largest covering nearly 100 acres near Gilbert Hill in Andheri. The scheme aims to integrate slums, old buildings and unusable land parcels into large-scale redevelopment projects through joint ventures, tenders and government-led implementation models.Read more

13 hours ago

• Berkshire Hathaway has agreed to acquire US homebuilder Taylor Morrison Home Corporation in an all-cash transaction valued at USD 6.8 billion.
• The deal marks the first major acquisition under Berkshire CEO Greg Abel, who succeeded Warren Buffett at the beginning of 2026.
• Berkshire will pay USD 72.50 per share, representing a 24% premium to Taylor Morrison’s closing share price on May 29.
• Including debt, the transaction carries an enterprise value of approximately USD 8.5 billion and is expected to close in the second half of 2026, subject to approvals.
• The acquisition strengthens Berkshire’s housing portfolio and supports plans to consolidate its site-built homebuilding operations across the United States.Read more

14 hours ago

• Bhilai-based Simplex Castings reported FY26 revenue of INR 202.9 crore, reflecting an 18% year-on-year increase.
• Profit after tax rose by more than 40% to INR 21.26 crore, while EBITDA grew over 20% during the financial year.
• The company secured approval from the Research Designs & Standards Organisation (RDSO) to undertake prototype testing of railway wagon components and CASNUB bogies.
• Management expects the railway business to contribute around INR 50 crore in revenue by the end of FY27 and over INR 100 crore by the end of FY28.
• Capital expenditure has commenced at manufacturing facilities to support participation in railway procurement programmes and future expansion.Read more

15 hours ago

• Kolkata-based Rashmi Group has announced a fresh investment proposal of INR 35,000 crore in West Bengal across steel, power and mining operations.
• More than INR 30,000 crore will be allocated towards expanding iron and steel production capacity by 7 million tonnes per annum (MTPA), while INR 5,000 crore will be invested in operationalising three coal mines.
• The proposed investments will be spread across Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur districts.
• The company estimates the projects could generate around 50,000 direct and indirect employment opportunities across manufacturing and mining activities.
• The announcement builds on Rashmi Group’s existing industrial presence in the state, where it has already invested nearly INR 25,000 crore.Read more

Kolkata News Desk

16 hours ago

• The Calcutta High Court has ruled that buyers cannot seek regularisation of unauthorised constructions merely because they have invested money in such properties.
• The court observed that financial investment does not create a legal right to legitimise structures built in violation of sanctioned plans and building regulations.
• The judgment reiterated the responsibility of buyers to conduct due diligence before purchasing property and verify statutory approvals.
• The court stressed that permitting regularisation on sympathetic grounds would weaken urban planning laws and encourage further violations.
• The ruling comes amid continuing judicial scrutiny of illegal construction and municipal enforcement across West Bengal.Read more

17 hours ago

• The Centre's PM Surya Ghar: Muft Bijli Yojana has achieved rooftop solar installations across 40 lakh households nationwide.
• Union Minister for New and Renewable Energy Pralhad Joshi announced the milestone on May 29.
• The scheme aims to solarise one crore households by March 2027 through subsidised rooftop solar systems.
• The initiative is intended to help households lower electricity expenditure, access government subsidies and reduce dependence on conventional power sources.
• Launched in February 2024, the programme seeks to expand distributed renewable energy generation by enabling consumers to produce electricity at the household level.Read more

Mumbai News Desk

18 hours ago

• Residential markets across several coastal cities are witnessing a shortage of ready and under-construction 3BHK apartments amid sustained demand for larger homes.
• Developers and property consultants have reported rising preference for spacious residences among end-users, particularly in premium and upper mid-segment housing projects.
• Demand has been driven by changing household requirements, hybrid work patterns and growing preference for lifestyle-oriented residential developments.
• Limited availability of suitably configured units has led developers to recalibrate project launches towards larger apartment formats in key coastal markets.
• The trend is being observed across major coastal real estate destinations where housing demand has remained resilient despite rising property prices and construction costs.Read more

19 hours ago

• Avaada Group plans to add 5 GW of renewable energy capacity during the current financial year, taking its operational portfolio to 12 GW by March 2027.
• The proposed capacity comprises solar, wind and Battery Energy Storage System (BESS) projects across Maharashtra, Gujarat and Rajasthan.
• The company added 2 GW in FY26 but faced delays in commissioning additional projects due to pending power purchase agreements (PPAs) and transmission infrastructure readiness.
• Avaada is also developing an integrated solar manufacturing facility at Butibori, Nagpur, covering ingots, wafers, cells, modules and ancillary products under one complex.
• The group remains on track to achieve its long-term target of 30 GW of renewable energy capacity by 2030 while reducing import dependence through domestic manufacturing.Read more

20 hours ago

Residents of Parijat Sadan, a nearly five-storey cessed building in Girgaon, Mumbai, have continued to face severe water shortages and low water pressure for more than a year despite repeated complaints to civic authorities. The Brihanmumbai Municipal Corporation (BMC) had earlier recommended replacement and expansion of the building’s water pipeline, while the Maharashtra Housing and Area Development Authority (MHADA) stated that approvals for the proposed work remain pending. Residents alleged that rapid redevelopment and the emergence of high-rise towers in the locality have worsened water distribution for older buildings dependent on ageing infrastructure. The issue has disrupted daily routines for over 40 families, with residents claiming that intermittent water supply and weak pressure have particularly affected senior citizens living in the building.Read more

21 hours ago

• Intel Corporation, the Odisha government and 3DGS have signed a memorandum of understanding to introduce semiconductor substrate manufacturing technology in India.
• The proposed facility will be developed in the Bhubaneswar-Khurda region with an estimated investment of around USD 3.3 billion.
• The project will be implemented in phases over five to six years and is expected to create more than 1,800 direct high-skilled jobs.
• The facility will manufacture advanced packaging glass core substrates, high-density interconnect substrates and related semiconductor technologies.
• The development forms part of India’s broader push to strengthen its semiconductor ecosystem ahead of the proposed India Semicon Mission 2.0.Read more

22 hours ago

• Indian Railways is facing scrutiny after around 54,000 trees were felled for a railway project in Madhya Pradesh.
• Authorities have ordered an inquiry into the project’s alignment over safety and environmental concerns.
• Questions have emerged over whether alternative routes could have reduced forest loss.
• The issue has intensified debate around infrastructure planning, environmental clearances and ecological safeguards in transport projects.Read more

01 Jun 2026

• The BMC will impose an INR 3 crore penalty on contractor Larsen & Toubro after two workers died at a Coastal Road Phase 2 casting yard.
• The accident occurred earlier this month at a gantry crane platform in Bhayander West linked to the Mumbai Coastal Road project.
• A probe by VJTI identified multiple safety lapses, including inadequate structural support and insufficient safety systems.
• Civic authorities have ordered corrective measures and initiated wider safety audits across project construction sites.Read more

01 Jun 2026

• East Central Railway (ECR) has extended operations of Bihar-Delhi clone special trains till July 16 to manage sustained passenger demand during the summer travel season.
• The extension covers special services operating between key Bihar cities and Delhi, where passenger traffic has remained high over recent weeks.
• Indian Railways has continued operating additional special trains across multiple zones to ease congestion and support long-distance travel demand during peak periods.Read more

01 Jun 2026

• Combined sales bookings of 11 major listed real estate developers reached INR 1.48 lakh crore in FY2025-26, marking an 18% increase from INR 1.26 lakh crore in the previous financial year.
• The data, released by Anarock, covers Godrej Properties, Prestige Estates, DLF, Lodha Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone Realtors and Sobha Ltd.
• Premium and luxury housing projects emerged as the primary drivers of growth, supported by stronger price realisations across key markets.
• Godrej Properties and Prestige Estates recorded significant increases in sales bookings, while DLF and Signature Global reported lower pre-sales during the fiscal year.
• The findings also highlight the growing influence of developers expanding beyond their traditional home markets to build multi-regional residential portfolios.Read more

Kolkata News Desk

01 Jun 2026

• The Calcutta High Court has stayed demolition action against several buildings in Tiljala and Kasba for 30 days and directed the Kolkata Municipal Corporation (KMC) to hear both owners and occupants before proceeding further.
• The order was passed in response to petitions filed by residents and occupants of multiple buildings facing demolition notices issued under Section 400(1) of the KMC Act.
• More than 150 occupants across around five properties challenged the notices, alleging that no individual hearing opportunity had been provided before demolition proceedings were initiated.
• The court directed maintenance of status quo during the interim period while allowing municipal authorities to remove portions considered structurally dangerous after consultation with residents.
• The matter forms part of a wider crackdown on alleged unauthorised constructions in Kolkata following recent safety concerns linked to illegal buildings in the Tiljala area.Read more

01 Jun 2026

Abhee Ventures has announced plans to launch a 45-acre residential township in Gunjur, located along the Whitefield–Sarjapur Road corridor in Bengaluru. The proposed project, branded “Codename New Dimension”, is designed as a Scottish-themed development featuring landscaped open spaces, wellness-oriented amenities and a 3-acre golf driving range. Positioned within East Bengaluru’s expanding residential corridor, the development will comprise high-rise residential towers with apartment configurations ranging from 2 BHK to 4.5 BHK units. The project has been designed in collaboration with London-based UHA London and RSP Architects. Abhee Ventures stated that the township will be developed in phases and is currently in the conceptualisation stage amid increasing demand for integrated residential communities across Bengaluru’s technology-driven micro-markets.Read more

01 Jun 2026

• Property registrations within the Brihanmumbai Municipal Corporation (BMC) area reached 12,403 units in May 2026, according to data from Maharashtra’s Department of Registration and Stamps analysed by Knight Frank India.
• Registrations increased 7 per cent year-on-year from 11,565 units recorded in May 2025, although volumes were lower than April 2026’s 14,285 units.
• The figures include transactions across both primary and secondary residential property markets.
• Knight Frank India said May 2026 registered the highest property registration volume for the month of May in the past 14 years, exceeding the previous peak achieved in May 2025.
• Industry stakeholders attributed the performance to sustained end-user demand and continued confidence in Mumbai’s residential housing market despite wider global economic uncertainties.Read more

01 Jun 2026

• Sunsure Energy has commissioned a 105 MWp solar power project in Kabrai village, Mahoba district, Uttar Pradesh, within four months of signing the power purchase agreement.
• The project is the first solar facility to evacuate renewable power through the state’s Green Energy Corridor-II infrastructure developed by UPPTCL.
• Spread across 282 acres, the plant is expected to generate more than 16.7 crore units of electricity annually and support the power requirements of nearly 1.4 lakh households.
• With this addition, Sunsure’s operational renewable energy capacity in Uttar Pradesh has reached 365 MWp across 11 facilities.
• The company plans to expand its operational capacity in the state to 500 MW by the end of FY26, supported by a planned battery energy storage project.Read more

01 Jun 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 634.12 crore linked to Unitech Group’s Golf and Country Club project in Noida under the Prevention of Money Laundering Act (PMLA).
• The action relates to an ongoing investigation into the alleged diversion of funds collected from homebuyers, investors and financial institutions across multiple Unitech projects.
• The attached assets include leasehold rights over 347.83 acres of land and equity holdings linked to consortium and special purpose company structures associated with the project.
• Investigators have alleged that INR 7,794.35 crore was diverted from the INR 16,075.89 crore collected by Unitech from buyers and financiers.
• The case stems from 76 FIRs registered by the Delhi Police and the Central Bureau of Investigation against Unitech, its promoters, directors and other entities.Read more

01 Jun 2026

• Godrej Properties has secured a 23.2-acre residential land parcel in the DMIC Integrated Township, Greater Noida, through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Ltd.
• The company plans to develop a group housing project on the site with an estimated revenue potential exceeding INR 7,000 crore.
• The acquisition strengthens the developer’s presence in the National Capital Region, particularly in the Greater Noida market.
• The company cited sustained demand for its existing projects in Noida as a key factor behind its continued expansion in the region.
• During FY2025-26, Godrej Properties acquired 18 land parcels with a cumulative revenue potential of approximately INR 42,100 crore.Read more

01 Jun 2026

• Sagarmala Finance Corporation (SFC), the state-owned maritime-focused lender under the Ministry of Ports, Shipping and Waterways, is preparing to launch India’s first blue bond issuance.
• The proposed issue aims to raise up to INR 1,000 crore, including a greenshoe option, to support long-term funding requirements for maritime and coastal infrastructure projects.
• Proceeds are expected to be deployed towards ports, shipbuilding facilities, inland waterways, coastal connectivity and other marine-linked infrastructure developments.
• The initiative marks India’s entry into the blue bond market, a niche segment of sustainable finance focused on ocean and water-related projects.
• The fundraising exercise is also intended to address SFC’s asset-liability mismatch by securing longer-tenure borrowings aligned with its infrastructure lending profile.Read more

01 Jun 2026

• The Enforcement Directorate (ED) has summoned several farmers from Jaipur’s Sanganer region to record statements in an ongoing money laundering and alleged land grab investigation.
• Farmers have alleged that ancestral agricultural land sold through legal transactions was subsequently brought under unauthorised control through the alleged misuse of powers of attorney.
• Investigators are examining land ownership records, surrender deeds and transaction documents linked to land deals executed over nearly two decades.
• The probe is connected to allegations involving a land aggregation network associated with realtor Gyan Chand Agarwal and other individuals.
• A separate complaint before the Rajasthan Real Estate Regulatory Authority (RERA) has raised concerns over the registration of a housing colony allegedly developed on disputed land using false documentation.Read more

01 Jun 2026

• The Centre has notified two Special Economic Zones (SEZs) in Puducherry following approvals granted by the Board of Approval under the Department of Commerce.
• An IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk.
• The Commerce Ministry stated that this will be the first SEZ in India to be developed by an urban local body.
• A second multi-sector SEZ will be established by the Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) at Karasur village in Villianur Taluk.
• The projects are aimed at expanding industrial and technology-led economic activity in the Union Territory through dedicated SEZ infrastructure.Read more

01 Jun 2026

• Co-working operator COWRKS, backed by Brookfield Properties, has added six new managed office centres in Chennai as part of its growth strategy.
• The newly launched facilities comprise around 2.9 lakh sq ft of workspace and more than 3,900 desks.
• With the expansion, the company's Chennai portfolio has increased from four centres to ten centres.
• The total footprint in the city has risen from over 2.1 lakh sq ft and 2,900 desks to nearly 5 lakh sq ft and more than 6,800 desks.
• The move comes amid increasing demand for managed office and flexible workspace solutions across major Indian commercial markets.Read more