10 minutes ago

• Reliance Industries and Meta have partnered to develop an AI-enabled data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre project in India.
• The facility will have an initial capacity of 168 MW, with scope for future expansion, and is expected to support Meta’s global AI and digital infrastructure requirements.
• Reliance will provide end-to-end development and operational services, including renewable energy integration, network connectivity and utility management.
• The project is expected to strengthen India’s position as a destination for large-scale AI infrastructure and hyperscale data centre investments.Read more

40 minutes ago

Beyond the traffic-clogged roads, crowded cafés, and Instagram-famous landmarks lies another side of the city—one filled with secret forests, forgotten lakes, ancient temples, rocky landscapes, and quiet corners that rarely make it into travel guides.Read more

1 hour ago

• Gujarat Chief Minister Bhupendra Patel sanctioned INR 629 crore on 8 June 2026 for the four-laning of six major road stretches across Kutch district, covering a combined length of approximately 43.5 km.
• The roads identified for upgrade span key stretches connecting Mundra, Zarpara, Kandagara, Deshalpar, Siracha, and Navinal, including dedicated bypass roads for three villages.
• The upgrade is expected to improve the movement of heavy vehicles operating to and from Mundra Port and the surrounding industrial and commercial hubs.
• Beyond logistics, the state government cited improved rural connectivity, road safety, and a boost to Kutch's tourism sector as additional objectives of the programme.Read more

1 hour ago

Tamil Nadu has completed the assignment of guideline values for every land survey number across the state, marking a significant reform in property registration and valuation. The initiative, announced by the Registration Department, aims to bring greater transparency and consistency to land transactions by ensuring that each parcel of land has a designated market guideline value. The exercise covers both urban and rural areas and is expected to reduce valuation disputes, improve revenue collection and streamline property registrations. Officials indicated that the project was undertaken using extensive field surveys and digital mapping tools. The move forms part of the state's broader efforts to modernise land administration, enhance the accuracy of property records and support a more transparent real estate market.Read more

2 hours ago

• The Enforcement Directorate (ED) has provisionally attached assets worth around INR 100 crore in connection with its investigation involving Jaypee Infratech and Jaiprakash Associates.
• The agency alleges that funds collected from homebuyers were diverted and laundered through related transactions.
• The action forms part of an ongoing money laundering probe based on allegations of financial irregularities and fund diversion.
• The case is significant for thousands of homebuyers awaiting resolution of long-delayed housing projects.Read more

2 hours ago

• Nexus Select Trust plans to deploy INR 2,000 crore to expand its retail presence in Northeast India through acquisitions and greenfield developments.
• The REIT is assessing opportunities across key cities where organised retail supply remains limited despite growing consumption and urbanisation.
• The investment forms part of the company's broader portfolio expansion strategy beyond established metropolitan markets.
• The planned deployment highlights increasing investor interest in the Northeast's retail and commercial real estate sector.Read more

3 hours ago

The National Highways Authority of India (NHAI) has detailed its asset monetisation strategy aimed at unlocking value from operational highway assets to finance new infrastructure development across the country. The framework relies on instruments such as Toll-Operate-Transfer (TOT), Infrastructure Investment Trusts (InvITs) and securitisation to attract long-term domestic and global investors. By recycling capital generated from mature assets, the authority seeks to reduce dependence on budgetary support while sustaining the pace of national highway expansion and improving overall asset management.Read more

3 hours ago

• A lawyer has been booked after allegedly mentioning the official residence of Maharashtra minister Shri Chhagan Bhujbal in a public notice linked to a private property redevelopment matter.
• The complaint was filed by the minister's office, which claimed the government bungalow's address was used without authorization.
• The notice pertained to a stalled cluster redevelopment project in Mumbai's Girgaon area.
• Police have registered a non-cognisable case and initiated an inquiry into the alleged misuse of the official address.Read more

4 hours ago

UK homebuilder Bellway has reported a moderation in customer demand after a strong start to the spring selling season, as rising fuel and energy costs continue to pressure the housing sector. The company said higher construction expenses and softer buyer activity, driven partly by elevated mortgage rates, are creating a more challenging operating environment. Despite these headwinds, Bellway has maintained its full-year operating profit and housing delivery forecasts. The company also highlighted uncertainty surrounding global geopolitical developments and the domestic political landscape, which could influence market conditions in the months ahead.Read more

4 hours ago

The breakthrough of the main tunnel at the eastern portal of the Zojila Tunnel project marks a significant milestone in India's efforts to establish year-round connectivity between Jammu & Kashmir and Ladakh. Witnessed by Union Minister for Road Transport and Highways Nitin Gadkari, the achievement brings the nearly 14-km-long tunnel closer to completion. Once operational, the INR 6,800-crore project is expected to dramatically reduce travel time, improve road safety, boost tourism and trade, and strengthen strategic connectivity in the Himalayan region. The milestone also comes amid the government's broader push to develop highway and tunnel infrastructure worth over INR 1.35 lakh crore across Jammu & Kashmir and Ladakh.Read more

5 hours ago

The Odisha government has approved a reduction in stamp duty for Economically Weaker Section (EWS) housing, providing relief to lower-income homebuyers and reinforcing its affordable housing agenda. The decision comes amid concerns that recent changes to apartment registration and stamp duty provisions could increase transaction costs for affordable housing purchasers. The revised framework is intended to lower the upfront cost of homeownership for economically vulnerable households while supporting housing accessibility across the state. The measure forms part of a broader set of reforms undertaken by the state government in recent months to streamline apartment registration, simplify common-area ownership transfers and improve transparency in property transactions. The move is expected to benefit beneficiaries of affordable housing schemes and first-time homebuyers within the EWS category.Read more

6 hours ago

The Enforcement Directorate (ED) has conducted a fresh round of searches across Punjab and Uttar Pradesh as part of its money laundering investigation into an alleged INR 100 crore GST fraud linked to mobile phone trading. The probe involves Punjab minister Sanjeev Arora, who was arrested last month and is currently in judicial custody. Search operations covered multiple residential and business premises associated with individuals and entities under investigation, including Hampton Sky Realty Ltd., a company linked to Arora. The latest action marks an expansion of the agency’s inquiry into alleged fraudulent GST transactions and the suspected laundering of proceeds generated through the scheme. The case has also had political implications in Punjab, with Arora’s ministerial portfolios being reassigned following his arrest.Read more

7 hours ago

The Karnataka government has extended the bidding deadline for the proposed INR 135 crore IT Park in Mangaluru after the project failed to receive any bids in its initial tender round. The development, planned on a 3.2-acre site at Derebail under the state's ‘Beyond Bengaluru’ initiative, is being implemented by the Karnataka State Electronics Development Corporation (KEONICS) through a public-private partnership model. Industry stakeholders have attributed the weak response to inadequate road connectivity, site-readiness concerns, stringent tender conditions and commercial terms that do not align with Mangaluru's market dynamics. The project is expected to create around 11,000 jobs and provide more than 3.5 lakh sq ft of Grade A office space, but concerns over infrastructure continue to affect investor interest.Read more

8 hours ago

Indore has retained its position as the highest contributor to property registration revenue in Madhya Pradesh, reflecting sustained real estate activity despite rising property valuations and a moderation in transaction volumes. Data from the state registration department shows the city generated the largest share of stamp duty and registration collections among districts in the state. The performance comes amid significant appreciation in collector guideline rates across several micro-markets and continued demand for residential and commercial assets. Officials attribute the strong revenue generation to high-value transactions, infrastructure-led growth and ongoing urban expansion. The figures underline Indore’s growing significance within Madhya Pradesh’s property market and its role as a key source of revenue for the state government.Read more

9 hours ago

Nagpur is entering the monsoon season with 278 buildings classified as dangerous by the Nagpur Municipal Corporation (NMC) still standing across the city, raising concerns over public safety amid forecasts of heavy rainfall. Civic authorities have issued notices to property owners and occupants, urging immediate evacuation and structural action. Despite annual inspections and enforcement measures, many unsafe structures remain occupied or have not been demolished due to ownership disputes, legal hurdles and delays in compliance. The issue has drawn attention to the challenges of managing ageing building stock in rapidly urbanising cities, particularly as intense rainfall events increase the risk of structural failures. Authorities have warned residents against occupying identified buildings during the monsoon period.Read more

10 hours ago

• The Bombay High Court has clarified that homebuyers are entitled to receive interest for every month of delay in possession under the provisions of RERA.
• The ruling strengthens consumer protections by ensuring compensation is linked to the actual period of delay.
• The decision is expected to have significant implications for ongoing and future disputes involving delayed housing projects.
• Legal experts believe the judgment reinforces the accountability framework established under the Real Estate (Regulation and Development) Act.Read more

11 hours ago

The Centre has approved the construction of a new two-lane tube tunnel parallel to the existing Dr Syama Prasad Mookerjee Tunnel on the Chenani-Nashri section of NH-44 in Jammu and Kashmir. Union Minister Jitendra Singh announced the decision after the proposal received clearance from the Ministry of Road Transport and Highways and the National Highways Authority of India. The project aims to address growing traffic volumes on the strategic Jammu-Srinagar National Highway, which serves as the primary road link between the Kashmir Valley and the rest of India. The proposed tunnel will run alongside the existing 9.28-km all-weather tunnel connecting Udhampur and Ramban districts and is expected to improve traffic capacity, road safety and operational resilience on the corridor.Read more

12 hours ago

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and strongerRead more

11 Jun 2026

The Lucknow Fire Department has issued notices to 20 hotels after inspections revealed violations of mandatory fire safety norms, intensifying a citywide compliance drive launched following recent fire incidents at hospitality establishments across the country. The affected hotels have been given 45 days to rectify deficiencies related to firefighting systems, emergency preparedness and evacuation infrastructure. The enforcement action forms part of a broader audit of hotels, restaurants, clubs and commercial establishments being undertaken across the Uttar Pradesh capital. Authorities have warned that failure to address the identified shortcomings within the stipulated period could lead to further action under fire safety regulations. The inspections have highlighted continuing concerns regarding fire preparedness in hospitality properties and other public-use buildings in Lucknow.Read more

11 Jun 2026

Google Cloud has reported network disruptions and elevated latency affecting users in Delhi, Mumbai, Chennai and surrounding regions following a fire at a third-party data centre facility in New Delhi. The incident prompted an emergency shutdown of networking equipment, isolating a local Point of Presence (POP) and reducing network capacity in the National Capital Region. To maintain service continuity, Google rerouted significant volumes of traffic away from the affected facility. However, the shift has resulted in intermittent latency spikes and possible packet loss as demand has exceeded available capacity across several Indian metropolitan areas and regional internet service providers. The company is implementing additional mitigation measures while restoration work continues at the impacted facility.Read more

11 Jun 2026

A proposed government auction of a prime land parcel in Hyderabad’s Banjara Hills, expected to fetch around INR 1,000 crore, has become embroiled in an ownership dispute after private claimants challenged the state's title over the property. The land, located in one of Hyderabad’s most expensive real estate markets, was scheduled to be auctioned by the Telangana government as part of its land monetisation programme. However, competing ownership claims have raised questions over the transaction, prompting legal scrutiny and uncertainty over the sale process. The dispute has attracted significant attention from developers and investors due to the parcel’s strategic location and development potential, highlighting the importance of clear land titles in high-value urban land transactions.Read more

11 Jun 2026

• Environmental groups have raised concerns over ecological management and biosafety practices within Sanjay Gandhi National Park (SGNP).
• An NGO has sought a review of standard operating procedures for captive animal care and habitat management.
• Activists have also highlighted issues related to construction activity and tree loss in the park's eco-sensitive zone.
• The developments have renewed calls for stronger conservation measures and stricter protection of Mumbai's urban forest.Read more

11 Jun 2026

Third-party logistics provider Emiza has launched a 120,000 sq ft warehouse facility in Farrukhnagar, Haryana, aimed at supporting rising demand from the e-commerce and retail sectors across northern India. The facility, which has a pallet capacity of 15,000, 23 loading docks and the ability to process up to 800,000 orders per month, will function as a dedicated returns-processing centre for partner brands. The new warehouse is Emiza’s sixth facility in the Delhi-NCR region and expands its nationwide warehousing network to more than 11 cities across 11 states. The company said the project will enhance supply chain efficiency, strengthen last-mile delivery capabilities and generate over 500 jobs in the region.Read more

11 Jun 2026

Starhill Global REIT has announced the appointment of Tan Peck Mun Kemmy as its new chief executive officer and executive director. The leadership change comes as the real estate investment trust continues to manage and strengthen its portfolio across key markets. As CEO and executive director, Tan will be responsible for overseeing the REIT’s strategic direction, asset management initiatives and overall business operations. The appointment marks an important development for the trust as it focuses on long-term portfolio performance, operational efficiency and value creation for unitholders.Read more

11 Jun 2026

Twenty bungalows in Pune’s Moi Phata area are facing demolition after a committee appointed by the National Green Tribunal (NGT) found that the structures were built within the blue flood line of the Indrayani River. The panel's findings have intensified scrutiny of unauthorised construction in flood-prone zones across the Pune metropolitan region. The proposed action follows a series of enforcement measures undertaken in recent months against similar developments along the river corridor. Authorities are reviewing the committee’s report and legal procedures before initiating demolition, with the case highlighting growing regulatory focus on environmental compliance, floodplain protection and illegal construction activity in ecologically sensitive areas.Read more

11 Jun 2026

Delhi Police have arrested two real estate-linked individuals in connection with the collapse of a multi-storey building in Saidulajab, south Delhi, that claimed six lives and left eight others injured. The arrests follow an investigation into the structure, which housed commercial establishments and was undergoing construction activity on its uppermost floor at the time of the incident. Authorities are examining whether unauthorised additions, structural deficiencies and violations of building regulations contributed to the collapse. The case has intensified scrutiny of illegal construction across south Delhi, prompting civic authorities to identify neighbouring structures that may have breached building norms. The incident has also triggered a wider review of enforcement mechanisms and accountability for unauthorised developments in the capital.Read more

11 Jun 2026

Home loan interest rates in India continue to be influenced by monetary policy decisions, inflation trends and individual borrower profiles, with the Reserve Bank of India maintaining the repo rate at 5.25% in its latest policy review. While benchmark rates have remained stable, lenders continue to assess applicants based on factors such as CIBIL Score, income stability, loan amount and property characteristics. Industry estimates indicate that even marginal differences in borrowing rates can significantly alter monthly EMIs and total repayment obligations over the life of a loan. Borrowers are increasingly using EMI calculators to compare repayment scenarios, assess affordability and evaluate tenure options before approaching lenders. The trend reflects growing awareness among homebuyers of the long-term financial implications associated with home loan borrowing decisions.Read more

11 Jun 2026

Alterra IOS has secured a USD 244 million loan from Blackstone Real Estate Debt Strategies to support the continued growth of its industrial outdoor storage (IOS) platform across the United States. The financing is expected to help the company strengthen its portfolio and pursue expansion opportunities in a sector that has witnessed rising investor interest due to increasing demand from logistics, transportation, construction and equipment-related businesses. The deal highlights the growing role of institutional capital in the industrial outdoor storage segment, which has emerged as a specialised asset class within the broader industrial real estate market.Read more

11 Jun 2026

Delhi Chief Minister Rekha Gupta has clarified that no demolition action will be taken against existing homes and settlements located within the capital’s O-Zone area, following concerns triggered by recent Delhi High Court proceedings on unauthorised construction in the Yamuna floodplain. The assurance came after a high-level meeting involving public representatives, officials from the Delhi Development Authority (DDA) and the Municipal Corporation of Delhi (MCD). The O-Zone, which covers environmentally sensitive areas along the Yamuna floodplain, includes around 91 unauthorised colonies and a dozen villages with an estimated population of 1.5 million people. The government has maintained that while fresh and ongoing unauthorised construction will continue to face action, existing structures are protected from demolition, easing concerns among residents over potential displacement.Read more

11 Jun 2026

• Malahi Pakri Metro Station is expected to become operational soon, marking another milestone for the Patna Metro project.
• The station forms part of the priority corridor aimed at improving connectivity across eastern Patna.
• Its opening will strengthen access to residential and commercial areas while supporting seamless urban mobility.
• The development reflects the steady progress of Bihar's flagship mass transit initiative.Read more

11 Jun 2026

Experiences marketplace Bucketlistt has secured INR 1.07 crore in a pre-seed angel funding round at a post-money valuation of INR 10.07 crore. The funding round attracted participation from angel investors including Arvind Choudhar, Aenik Shah, Kartik Khatri and Yash Mehta. The company plans to deploy the capital towards strengthening its technology infrastructure, expanding its operator network, accelerating customer acquisition and scaling OkGhumo, its recently launched ERP and CRM platform for experience providers. Founded in 2025, Bucketlistt operates a curated marketplace for adventure, cultural and spiritual experiences and claims to have facilitated more than INR 10 crore in bookings while serving over 31,000 customers within five months of launch. The company is now preparing to expand into additional tourism destinations across India.Read more

11 Jun 2026

Two contract workers lost their lives and another was hospitalised after a carbon dioxide (CO2) gas leak occurred during the annual maintenance of fire extinguishers at Schaeffler India Ltd’s manufacturing facility in Talegaon MIDC, Pune district, on June 10. The incident took place while personnel from a private contractor were servicing fire extinguishers at the plant. Three contractor employees and two company staff members were involved in the maintenance activity when gas leaked from a fire extinguisher cylinder. Police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding the incident. Schaeffler India operates the Talegaon facility, which manufactures a range of automotive components and bearing products.Read more

11 Jun 2026

ASK Property Fund has launched its fourth real estate debt fund with a target corpus of INR 3,500 crore, aimed at financing mid-income residential projects across six major Indian property markets. The fund, named ASK Real Estate Special Situations Fund IV, will raise capital from domestic and offshore investors and provide funding for project completion, lender replacement, acquisitions and distressed asset opportunities. Backed by a track record of 40 completed exits and strong returns from previous debt funds, the platform is targeting investment-level returns of 20 per cent. The launch comes as residential developers continue to seek structured capital solutions amid sustained housing demand and ongoing consolidation across key urban markets.Read more

11 Jun 2026

Australian property and infrastructure investment manager Dexus has launched a strategic review of its infrastructure funds business acquired through the AMP Capital platform transaction completed in 2023. The review covers infrastructure assets worth AUD 7.3 billion under management and includes several key funds, such as the Dexus Diversified Infrastructure Trust and Australia Pacific Airports Fund vehicles. The move comes amid an ongoing legal dispute over the company's 27% stake in Melbourne and Launceston airports. Dexus has also temporarily stood down certain senior executives while assessing the implications of a recent court ruling related to the airport stake.Read more

11 Jun 2026

JSW Infrastructure has secured a major container terminal project at Syama Prasad Mookerjee Port Authority in Kolkata following a competitive bidding process. The project, awarded under the public-private partnership model on a design, build, finance, operate and transfer basis, involves the integrated development of container handling infrastructure at Netaji Subhas Dock. With a 30-year concession period, the development will be executed in two phases and is expected to add around 0.93 million TEUs of capacity. Combined with the company's ongoing berth modernisation project at the Kolkata Dock System, JSW Infrastructure's total container handling capacity at the port is projected to reach approximately 1.4 million TEUs, strengthening cargo handling capabilities in eastern India.Read more

11 Jun 2026

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

11 Jun 2026

• The Kerala government has approved INR 3,200 crore for land acquisition related to the Thiruvananthapuram Outer Ring Road project.
• The proposed 78-km highway corridor will connect Vizhinjam Port with Navaikulam and improve regional connectivity across the capital region.
• The funding is expected to accelerate compensation payments and help complete pending land acquisition activities.
• The project is seen as a key infrastructure link supporting logistics, industrial and commercial growth around Vizhinjam International Seaport.
• The approval comes after years of delays linked to land acquisition, environmental clearances and alignment-related challenges.Read more

11 Jun 2026

U.S.-based investment firm Castlelake is reportedly exploring a partnership with shipping and logistics giant MSC as it evaluates a potential takeover of British low-cost airline easyJet. The move is aimed at ensuring compliance with European Union ownership regulations if Castlelake proceeds with a formal offer. Reports suggest discussions are at an early stage, with MSC identified as a possible strategic partner due to its broad transportation and travel interests. A deal could create an integrated travel business spanning aviation, cruises, rail and holiday packages, expanding MSC's presence across the leisure travel sector.Read more

11 Jun 2026

• The Maharashtra government has taken back 33 acres in Aarey Colony, Mumbai, previously allotted for a slum rehabilitation project that failed to progress.
• The land was earmarked for the rehabilitation of eligible slum residents under a redevelopment scheme but remained largely undeveloped for years.
• Authorities revoked the allotment following a review of the project's status and lack of implementation.
• The reclaimed land will remain under government control pending a decision on its future use.Read more

Priyanka Vig

11 Jun 2026

As Mumbai prepares for the 2026 monsoon season, municipal bodies across the Mumbai Metropolitan Region (MMR) have intensified efforts to reduce waterlogging and flood-related disruptions. The Brihanmumbai Municipal Corporation (BMC) has deployed IoT-enabled dewatering pumps, activated pumping stations and accelerated desilting works, while neighbouring municipalities including Thane, Navi Mumbai, Kalyan-Dombivli, Mira-Bhayandar and Vasai-Virar have undertaken extensive drainage cleaning and flood-preparedness measures. Regional agencies such as MMRDA have also implemented monsoon action plans across infrastructure projects, reflecting a broader shift towards technology-driven monitoring, improved drainage systems and coordinated emergency response mechanisms to strengthen urban resilience during periods of heavy rainfall.Read more

11 Jun 2026

• Delhi's Public Works Department (PWD) has intensified efforts to tackle waterlogging-prone roads ahead of the monsoon season.
• The department has identified critical flooding hotspots and accelerated desilting, drain cleaning and road maintenance work across key corridors.
• Special focus is being placed on locations that have witnessed recurring traffic disruptions and water accumulation during heavy rainfall.
• Officials are conducting inspections and monitoring preparedness to improve stormwater drainage and commuter safety.
• The initiative is part of a wider effort to strengthen urban infrastructure and minimise monsoon-related disruptions across the capital.Read more

11 Jun 2026

Mumbai is famous for landmarks like Marine Drive, the Gateway of India and Juhu Beach, but the city holds countless hidden gems beyond its popular attractions. From a 66-million-year-old volcanic monolith and ancient Buddhist caves to a charming Portuguese-style village, a forgotten fort visited by flamingos and a serene pagoda overlooking the Arabian Sea, these lesser-known destinations reveal a different side of Mumbai. Whether you're a first-time visitor or a local explorer, these offbeat spots offer unforgettable experiences away from the crowds.Read more

11 Jun 2026

• The Maharashtra government is reportedly considering scrapping the existing tender process for the proposed new Bombay High Court complex.
• The project, estimated at around INR 4,217 crore, has witnessed delays related to design approvals and land handover.
• Authorities are reviewing the procurement process to facilitate smoother execution of the landmark judicial infrastructure project.
• The development comes as efforts continue to expedite construction of the new court complex in Mumbai.Read more

11 Jun 2026

DK Vertex, a co-working and managed workspace operator under the Vertex Group, has invested around INR 70 crore to establish seven flexible workspace centres across Gurugram, Mumbai and Bengaluru as demand for managed office solutions continues to rise. The company launched a new 700-desk facility in Gurugram in the past week and plans to offer seats at rentals ranging from INR 14,000 to INR 18,000 per desk. Of the seven centres, four are already operational, providing around 6,000 seats with occupancy reaching 75 per cent. The remaining capacity, including 4,000 built-to-suit seats, is expected to become operational over the next two months. The expansion comes amid sustained growth in India's flexible workspace segment, which accounted for 18 per cent of office leasing activity during the January-March quarter.Read more

11 Jun 2026

The Delhi High Court has expressed concern over the Centre's move to reclaim land occupied by the Indian Polo Association and the Delhi Gymkhana Club, observing that the capital cannot afford to lose its limited green spaces. Hearing a petition challenging an eviction notice, the court questioned the future use of the land and the impact on the city's environment and heritage structures. The matter centres on the proposed takeover of prominent properties in Lutyens' Delhi, with further proceedings expected before the trial court.Read more

11 Jun 2026

Godrej Properties has recorded sales of more than 1,000 apartments worth over INR 2,000 crore in the launch week of its newly unveiled residential project, Godrej Vanantara, in Bengaluru. The strong response comes shortly after the project's launch and highlights sustained homebuyer demand in Bengaluru's residential market. Spread across 36 acres, the development has a total developable area potential of 3.53 million sq ft and an estimated revenue potential of INR 3,700 crore. The performance adds to Godrej Properties' growing presence in key housing markets across India.Read more

11 Jun 2026

The Ministry of Defence has approved the development of a 250 MW solar power project with an integrated Battery Energy Storage System (BESS) on approximately 850 acres of vacant defence land in Sitapur district, Uttar Pradesh. Cleared by Defence Minister Rajnath Singh, the project marks the first solar-plus-storage initiative of its kind undertaken by the ministry. State-owned NTPC will implement the project in coordination with the Integrated Headquarters of the Ministry of Defence (Army) and the Directorate General of Defence Estates. The development is aimed at strengthening energy security for defence establishments, increasing the use of renewable energy and reducing reliance on conventional grid power, while ensuring productive utilisation of unused defence land.Read more

11 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Undavalli village to discuss land acquisition and land pooling activities linked to the development of Amaravati. Senior APCRDA officials informed villagers that landowners named in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme within the stipulated timeframe. The authority also assured residents that concerns related to assigned lands, Lankan lands and local infrastructure needs would be addressed as per government guidelines. APCRDA sought continued cooperation from farmers as development works across the capital region gather pace.Read more

11 Jun 2026

A TPG-led investor group has acquired grocery-anchored retail real estate company ECHO Realty in a transaction valued at approximately USD 2 billion. The deal marks a significant investment in the retail property sector, particularly in grocery-anchored shopping centres, which have remained resilient amid changing consumer spending patterns and e-commerce growth. The acquisition strengthens TPG Real Estate’s presence in the retail real estate segment and reflects continued investor interest in income-generating retail assets backed by essential services. The transaction is among the notable real estate investment deals announced in the market recently.Read more

11 Jun 2026

• Bengaluru homeowners with residential buildings up to 2,400 sq ft can now obtain permanent electricity connections without an occupancy certificate (OC), subject to certain conditions.
• BESCOM has clarified that the benefit will extend beyond those who submitted applications before the earlier deadline.
• Homeowners who completed construction or secured temporary electricity connections before the prescribed cut-off can apply for permanent power supply.
• The clarification addresses confusion caused by a recent Karnataka government order and is expected to benefit nearly one lakh households.
• The move comes amid a large backlog of applications for conversion from temporary to permanent electricity connections across Bengaluru.Read more