14 minutes ago

The Ladakh administration has approved an interim land-use regulatory framework permitting residential, commercial, industrial and mixed-use development on plots of up to two kanals within Municipal Committee limits without prior approval. Lieutenant Governor V K Saxena approved the framework in the past week to address regulatory uncertainty arising from the absence of notified Master Plans and Zonal Development Plans in the Union Territory. While easing building permissions for permissible activities, the framework continues to prohibit specified Red and Orange category industries, slaughterhouses, commercial animal rearing, stone quarries, storage of inflammable materials and burial grounds or crematoria in designated areas without prior approval. The interim measure will remain in force until statutory planning instruments are notified and municipal committees issue detailed operational guidelines.Read more

1 hour ago

Indian engineering and infrastructure companies are exploring business opportunities in South Africa as the country moves ahead with plans to modernise its rail and logistics network. During the Africa Rail Expo, Indian firms held discussions with local stakeholders and signed new partnership agreements, reflecting growing commercial ties between the two countries. Indian officials highlighted the country's experience in rail infrastructure, ports and power systems, while companies showcased technologies ranging from rail construction and welding equipment to insulation materials, with some even considering local manufacturing in South Africa.Read more

2 hours ago

India expects its peak electricity demand to reach 300 GW in 2027, driven by rapid growth in data centres, artificial intelligence, electric vehicles and industrial activity. The government plans to expand power transmission, energy storage and renewable capacity while promoting domestic manufacturing of solar modules, batteries and other clean energy equipment. Officials said reducing import dependence will strengthen energy security and support long-term infrastructure development, even if locally manufactured equipment initially costs more.Read more

3 hours ago

Laser Power & Infra has raised around INR 223 crore from anchor investors ahead of the opening of its INR 742 crore initial public offering (IPO). The anchor round attracted participation from leading domestic mutual funds, insurance companies and global investors. The IPO includes a fresh issue of INR 542 crore and an offer for sale worth INR 200 crore by promoters. The company plans to use most of the fresh issue proceeds to reduce debt. With manufacturing facilities in West Bengal and a strong order book, the company operates across power cable manufacturing and EPC services.Read more

4 hours ago

AIMS APAC REIT has announced plans to acquire a 9.15-hectare freehold industrial land parcel in Perth, Australia, for AUD 42.7 million. The proposed acquisition is part of the REIT’s strategy to strengthen its industrial property portfolio and increase its presence in Australia. Industrial assets have remained a key focus for the trust due to continued demand for logistics and warehousing facilities. The transaction is expected to support the REIT’s long-term portfolio growth while expanding its exposure to strategically located industrial real estate.Read more

5 hours ago

Global Capability Centres (GCCs) are increasingly positioning cybersecurity as a strategic business function as enterprises expand their digital operations through cloud computing, artificial intelligence (AI), connected technologies and hybrid work models. Rising cyber threats, stricter regulatory requirements and the growing sophistication of AI-enabled attacks are prompting organisations to strengthen cyber resilience across global operations. Indian GCCs are playing a larger role by managing Security Operations Centres (SOCs), cloud security, threat intelligence, identity and access management, and incident response for multinational companies. Alongside technology adoption, organisations are also investing in cybersecurity talent and AI-driven security capabilities to protect enterprise systems, support regulatory compliance and embed security into long-term digital transformation strategies.Read more

6 hours ago

The International Monetary Fund (IMF) has marginally lowered India's economic growth forecast, citing rising global energy prices and heightened geopolitical uncertainties that could increase inflationary pressures and moderate domestic demand. Despite the downward revision, India is expected to remain one of the world's fastest-growing major economies, supported by resilient domestic consumption, public investment and a strong services sector. The IMF noted that higher crude oil prices could widen the current account deficit and increase import costs, underscoring the need for continued macroeconomic stability amid evolving global economic conditions.Read more

7 hours ago

Managed workspace operator Spring House Workspaces has introduced bio-enzyme-based hygiene solutions across its centres through a partnership with BioPure EnzyClean, as companies increasingly incorporate environmental, social and governance (ESG) objectives into workplace operations. Announced in the past week, the initiative aims to reduce the environmental impact of conventional cleaning practices while maintaining workplace hygiene standards. The deployment includes task-specific cleaning solutions for desks, glass surfaces, washrooms and pantry areas to improve operational efficiency and simplify facility management. The move reflects a broader shift among flexible workspace operators towards integrating sustainability, employee well-being and operational efficiency into day-to-day workplace management, as occupiers place greater emphasis on healthier and environmentally responsible office environments.Read more

7 hours ago

India's senior living market is transitioning from a niche housing concept to a mainstream residential asset class, driven by demographic changes, rising life expectancy, evolving family structures and increasing purchasing power among older adults. Developers are responding with integrated communities that combine independent living, healthcare support, wellness amenities and professionally managed services. Institutional participation is also gathering pace, with major developers entering the segment as demand expands beyond traditional markets. As India's population continues to age, senior living is expected to become an increasingly significant component of the country's residential real estate landscape.Read more

8 hours ago

Star Air has launched a network-wide monsoon sale offering all-inclusive one-way domestic fares from INR 1,799 across its routes. The promotional booking window, which opened earlier this week, will remain available until 6 July, while travel under the offer is valid until 10 October 2026. The discounted fares are available across all booking channels, including the airline's website, mobile application, airport ticketing offices, authorised travel agents and online travel platforms. The airline said the limited-period campaign aims to support affordable business and leisure travel as domestic passenger demand continues to strengthen during the monsoon season.Read more

9 hours ago

Institutional investments in Indian real estate reached USD 4.5 billion during the first half of 2026, marking a 50% year-on-year increase and the highest first-half inflows recorded in six years, according to Colliers India. Domestic investors led capital deployment with USD 2.6 billion, accounting for 57% of total investments, while foreign inflows rose to USD 1.9 billion. Office assets attracted the largest share of investment at USD 1.9 billion, supported by strong demand for operational assets. Mixed-use and alternative asset classes also witnessed robust activity, while Chennai, Bengaluru and multi-city transactions emerged as key investment destinations during the period.Read more

9 hours ago

TRG The Mall has expanded its retail offering with the launch of a 12,000 sq ft food court, strengthening its positioning as a mixed-use lifestyle destination. The newly opened dining space accommodates nearly 500 guests and houses more than 20 national and international food brands spanning multiple cuisines. According to TRG Group, the development is intended to enhance visitor engagement by integrating shopping, dining and leisure experiences within the mall. The company said the project is also expected to generate employment across hospitality, retail, operations and allied sectors, while creating business opportunities for franchise operators, vendors and service providers. The launch forms part of TRG The Mall's broader strategy to develop integrated commercial destinations that combine retail, entertainment, dining and business activities under one roof.Read more

10 hours ago

Nivika Fastigheter AB reported higher earnings for the second quarter, supported by continued growth in rental income. Profit from property management rose 17% year-on-year to SEK 76 million, while total rental income increased 16% to SEK 223 million. The results indicate steady operational performance and sustained income from the company's property portfolio. The company has been focusing on expanding and managing its real estate assets, with recurring rental income continuing to support its financial performance.Read more

10 hours ago

Mira-Bhayandar is witnessing increased activity from organised retail, hospitality and food and beverage brands as infrastructure upgrades and residential expansion continue to reshape the Mumbai Metropolitan Region (MMR) suburb. Since the post-pandemic reopening, more than 30 premium brands have established a presence in the micro-market, spanning apparel, quick-service restaurants, lifestyle retail and hospitality. Industry stakeholders attribute the growing commercial interest to improving connectivity, including Metro Line 9, rising residential demand and increasing purchasing power. With annual residential price appreciation estimated at 12–15% and additional premium retail and hospitality projects planned, Mira-Bhayandar is gradually emerging as a mixed-use urban destination within the MMR.Read more

11 hours ago

Assam's transport corridors are reshaping how people, industries and heritage destinations connect across the state. Highways, bridges, rail links and inland waterways are improving regional mobility while supporting industrial growth, tourism and urban expansion. During FY2025-26, projects under Bharatmala, bridge construction across the Brahmaputra, logistics infrastructure and multimodal transport initiatives continued to strengthen connectivity. Together, these corridors are reinforcing Assam's position as the gateway to Northeast India while linking economic centres with cultural and natural landmarks.Read more

11 hours ago

Golf Course Extension Road (GCER) has emerged as one of the National Capital Region's (NCR) leading luxury residential markets, supported by sustained infrastructure development, improving connectivity and expanding social infrastructure. Among the developments shaping this evolution, DLF The Arbour, launched in 2023 in Sector 63, has become a key pricing benchmark for the micro-market. Residential values in the locality have recorded strong appreciation over recent years, while resale activity has reflected continued buyer demand. Alongside premium residential projects, planned developments such as senior living communities and further luxury launches indicate the corridor's transition from an emerging suburban destination to a mature, mixed-use residential ecosystem.Read more

12 hours ago

Dubai's real estate market recorded its highest-ever monthly rental activity in June, with 40,022 tenancy contracts registered, according to market data released by fäm Properties using DXBinteract records. The month also witnessed 13,933 property sales worth AED33.2 billion, representing month-on-month increases in both transaction volume and value. During the second quarter, Dubai registered 38,157 property transactions valued at AED110.2 billion, taking first-half sales to 86,077 deals worth AED286.2 billion. Apartments, villas, commercial assets and land all reported stronger sales activity, while Dubai South retained its position as the emirate's most active property market for the fourth consecutive month.Read more

12 hours ago

IFFCO-TOKIO General Insurance Company Limited has appointed Alpana Singh as Whole-Time Director – Marketing with effect from 1 July 2026. Based at the company's Gurugram headquarters, she will lead the insurer's marketing strategy, strengthen its market position and oversee customer engagement initiatives. Singh joins the company after holding senior leadership roles at Bajaj General Insurance, where she led business expansion, strategic partnerships and bancassurance initiatives. The appointment forms part of the insurer's leadership strengthening efforts as it focuses on business growth, brand development and customer-centric operations across urban and rural markets.Read more

13 hours ago

Regional festivals are increasingly influencing how Indian travellers plan their holidays, with many combining festive breaks with leisure, spiritual and international travel, according to travel services companies Thomas Cook (India) Ltd and SOTC Travel. The companies said demand is rising around major celebrations including Onam, Pongal, Ganesh Chaturthi, Navratri, Durga Puja, Mysore Dasara, Dussehra and Diwali, as travellers utilise extended holiday periods for domestic and overseas vacations. Popular domestic destinations continue to include cultural and religious centres such as Vrindavan, Mathura, Kolkata, Varanasi and Mysuru, while international demand remains strong for Southeast Asia, Europe, Japan, China, Egypt, South Africa and the UAE. The companies also reported growing preference for experience-led itineraries and multi-generational travel during festive periods.Read more

15 hours ago

Andhra Pradesh IT Minister Nara Lokesh, during his visit to South Korea, invited BNK Venture Capital to support startups and SMEs in the state through investment mentoring, fund management and consulting expertise. He also encouraged BNK Financial Group to explore infrastructure financing opportunities and consider setting up a branch in Amaravati. The state further strengthened its investment outreach by inaugurating APEX Korea, a dedicated investor facilitation centre in Busan that will support Korean businesses looking to invest in Andhra Pradesh and assist existing investors.Read more

16 hours ago

India will need to expand its battery energy storage system (BESS) capacity to 888 GWh by 2035-36 from the current level of around 1 GWh, according to a new industry report. The study highlights the growing role of energy storage in supporting renewable energy integration and improving grid reliability. Installed BESS capacity has risen sharply during the first half of 2026, while project tenders and manufacturing plans have also accelerated. Industry leaders said stronger domestic manufacturing and storage deployment will be critical to meeting India's long-term clean energy goals.Read more

17 hours ago

The Delhi government has launched a survey across 48 recently declared urban villages to identify land for expanding and relocating the capital's prison infrastructure. Five committees have been formed to assess suitable land parcels for new jail facilities and a prison training institute. The exercise aims to address severe overcrowding in Delhi's prisons, where nearly 19,500 inmates are housed against a sanctioned capacity of 10,026, while supporting long-term public infrastructure planning.Read more

18 hours ago

Swedish Logistic Property AB (SLP) reported improved financial performance for the second quarter, with profit from property management increasing 29% year-on-year to SEK 360 million. Profit from property management per share also rose 19% to SEK 1.28. During the quarter, the company recorded positive value changes of SEK 127 million in its investment property portfolio. However, earnings per share stood at SEK 1.34, slightly lower than SEK 1.36 reported in the corresponding period last year, reflecting a marginal decline despite stronger operating performance.Read more

19 hours ago

Electric vehicle manufacturer VinFast has appointed automotive industry veteran Prashanth Rao as Chief Executive Officer of VinFast Middle East as part of its strategy to strengthen operations and expand its presence across the region. Based in Dubai, Rao will oversee the company's regional business, dealer network expansion, customer experience and electric vehicle (EV) adoption initiatives. He brings more than two decades of automotive industry experience across the Middle East, India, Europe, Africa and Asia Oceania, covering both electric and internal combustion engine vehicle businesses. Prior to the appointment, Rao served as Deputy CEO of VinFast India, where he helped establish the company's EV ecosystem, charging infrastructure and dealer network. The leadership change forms part of VinFast's broader international growth strategy.Read more

20 hours ago

The Kerala government has referred a proposal to transfer a 49% stake in the Vizhinjam International Seaport project to Mediterranean Shipping Company (MSC) to an Empowered Committee for detailed review. The panel will examine the concession agreement, legal provisions and the state's interests before submitting its recommendations to the Cabinet. The move follows Adani Ports' request for prior approval, with the government stating that no decision on the proposed stake transfer will be taken until the review is completed.Read more

21 hours ago

Workspace Group has reiterated its willingness to engage with all shareholders, including Saba, while rejecting the activist investor's proposal to accelerate or increase property disposals. The company said such a strategy would be unrealistic in the current market and could force it to sell assets at deeper discounts. The board maintained that its existing business strategy, management changes and medium-term plan are designed to improve earnings, strengthen customer offerings and deliver higher long-term returns. It also agreed that the company's current share price does not reflect its underlying value.Read more

22 hours ago

Navi Mumbai recorded an average rainfall of 53.40 mm between 8.30 am and 5.30 pm on 6 July, following two consecutive days of exceptionally heavy rainfall across the municipal area. Strong winds accompanying the rain resulted in 62 tree fall incidents, prompting the Navi Mumbai Municipal Corporation's Fire Department to undertake continuous clearance operations to restore traffic movement. The civic administration has kept its emergency response machinery on alert under the directions of Municipal Commissioner Dr Kailas Shinde, while Mayor Sujata Patil reviewed the ground situation during field inspections. Residents have been advised to avoid unnecessary travel, stay away from trees and vacate buildings declared structurally unsafe as heavy rainfall continues across the city.Read more

23 hours ago

Bengaluru-based deep-tech company Vimag Labs has secured its fifth patent in India for its proprietary Virtual Magnet Synchronous Motor (VMSM) platform, strengthening its intellectual property portfolio as it advances commercial deployment of software-defined electric motor technology. The newly granted patent covers the core architecture of a magnet-free synchronous motor that uses power electronics and proprietary control algorithms instead of rare-earth permanent magnets. The company said the technology is being piloted with two-wheeler and passenger vehicle manufacturers, with expansion planned into commercial vehicles, industrial applications, robotics and defence. Backed by Accel, Vimag Labs recently raised USD 5 million in a Series A funding round and has entered into a manufacturing agreement with Jendamark Pvt. Ltd. to support production as it scales operations in India and overseas.Read more

11 Jul 2026

• The Municipal Corporation of Manesar has initiated preliminary work for a waste-to-energy (WTE) plant aimed at improving scientific waste management and reducing landfill dependence.
• The project is expected to process municipal solid waste while generating electricity, supporting the region's long-term sustainability objectives.
• Authorities have started technical surveys, land-related activities and planning exercises ahead of the project's implementation.
• Once operational, the facility is expected to strengthen waste processing capacity, improve environmental outcomes and support cleaner urban infrastructure across Manesar.Read more

11 Jul 2026

Trastor Real Estate Investment Company SA has completed the sale of an underground parking property in Maroussi, Greece, for EUR 4.1 million. The transaction was completed at a price that is 18.8% higher than the property's latest independent valuation, reflecting strong investor demand for well-located income-generating real estate assets. The sale forms part of the company's ongoing portfolio management strategy, under which it regularly reviews and monetises mature assets while strengthening its investment portfolio across the Greek real estate market.Read more

11 Jul 2026

• Hanging advertisement hoardings, prohibited by the Madras High Court on road safety grounds, have resurfaced at several traffic signal junctions across Trichy, triggering concerns among commuters and safety activists.
• Residents and road safety experts have warned that the hoardings obstruct motorists' visibility of traffic signals, particularly at busy intersections, increasing the risk of accidents.
• Activists have urged the Trichy City Corporation and police to strictly enforce the court's order and remove unauthorised advertisements installed on signal poles.
• Civic officials said action would be initiated against violations, while road safety campaigners called for regular inspections to prevent the illegal display of hoardings.Read more

11 Jul 2026

India’s office market recorded a marginal 2 per cent decline in gross leasing during the first half of 2026, with leasing reaching 48 million square feet across the top eight office markets, according to Knight Frank India. While global economic and geopolitical uncertainties affected demand in some cities, leasing activity remained strong, supported by record absorption from Global Capability Centres (GCCs) and co-working operators. Rental values rose across most office markets due to lower vacancy levels, reflecting the continued strength of India’s commercial real estate sector despite a mixed performance across cities.Read more

11 Jul 2026

BuildwellAI has launched a compliance intelligence platform designed to help contractors, inspectors and asset owners improve documentation, inspections and regulatory compliance across construction projects in the UK. Developed specifically for the UK construction market, the platform combines artificial intelligence, computer vision and automation to create a real-time digital record of construction activity aligned with Building Safety Act requirements. Led by construction risk specialist Ben Smallwood, the company said the platform addresses compliance challenges arising from fragmented record-keeping and delayed defect detection. The launch comes as the Get It Right Initiative estimates that avoidable construction errors cost the UK industry approximately GBP 21 billion annually. BuildwellAI comprises five integrated applications covering defect detection, inspections, compliance documentation, technical assistance and regulatory updates.Read more

11 Jul 2026

ITC Hotels Ltd has signed a management agreement to develop Welcomhotel Mysuru, a 99-key hotel in Karnataka, expanding its footprint in South India's hospitality market. Announced in the past week, the project will be developed in partnership with M/s Sumeru Hospitality and is aimed at serving both business and leisure travellers visiting Mysuru. The hotel will feature guestrooms and suites, dining facilities, approximately 5,500 sq ft of banqueting space, a swimming pool and a fitness centre. ITC Hotels said the signing aligns with its strategy of strengthening the Welcomhotel brand across key business and tourism destinations. The company cited Mysuru's established tourism appeal, growing economic activity and connectivity with Bengaluru as key factors supporting the development of premium hospitality infrastructure in the city.Read more

11 Jul 2026

India's power transmission sector is expected to witness a major investment cycle over the next few years as the country expands its renewable energy capacity. However, Icra has cautioned that persistent issues such as land acquisition, right of way (RoW) disputes and regulatory approvals continue to delay project execution. Most transmission projects awarded through the tariff-based competitive bidding (TBCB) route have missed their scheduled completion timelines, affecting renewable energy evacuation and increasing the risk of power curtailment for developers.Read more

11 Jul 2026

India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.Read more

11 Jul 2026

ITC Hotels Limited has signed a management agreement for Welcomhotel by ITC Hotels Salasar, a 145-key property planned on a six-acre site in Rajasthan's pilgrimage town of Salasar. The hotel will cater to religious travellers, destination weddings, social events and leisure visitors while reflecting the region's architectural heritage. The proposed development will feature guest rooms, banquet facilities, dining outlets and wellness amenities. The agreement expands ITC Hotels' presence in Rajasthan and supports its strategy of growing its branded hospitality portfolio in destinations with increasing tourism and pilgrimage demand.Read more

11 Jul 2026

The National Institute of Construction Management and Research (NICMAR) concluded the inaugural Bharat Nav-Nirmaan Challenge 2025–26 with its National Grand Finale in Mumbai, bringing together finalists from IIT Delhi, Maturi Venkata Subba Rao Engineering College and Pimpri Chinchwad College of Engineering. The nationwide infrastructure innovation competition, supported by the All India Council for Technical Education (AICTE), engaged more than 20,000 students from over 500 institutions. Pimpri Chinchwad College of Engineering secured the national title and a prize package valued at INR 30 lakh. The event also featured an Industry-Academia Conclave focusing on collaboration, technology adoption and talent development to support India's infrastructure sector and the long-term vision of Viksit Bharat 2047.Read more

11 Jul 2026

Indian Potash Limited (IPL) and UPL Sustainable Agri Solutions Limited (UPL SAS) have entered into a three-year collaboration to improve sugarcane productivity and sustainability in the catchment area of IPL's Kodinar Sugar Mill in Gujarat. The programme will cover around 2,000 acres of cultivation, introducing regenerative agriculture, advanced agronomy, crop protection, digital monitoring and farmer capacity-building initiatives. The partners aim to increase sugarcane yields by at least 15% while improving resource efficiency, farmer incomes and climate resilience. The initiative will also deploy digital platforms to monitor interventions and strengthen farmer engagement, supporting sustainability objectives across the sugar value chain.Read more

11 Jul 2026

Kuwait Real Estate Co has exited the 501 First Residences residential project in Miami, ending its partnership with Commercial Real Estate Co and Aria Development Group. The company disclosed the development without revealing the financial terms or the reasons behind its exit. The project, located in downtown Miami, is a high-rise residential development designed to cater to investors and buyers seeking flexible ownership options. The move comes after the project reached an advanced stage, with reports indicating strong sales momentum in the development.Read more

11 Jul 2026

Housr has introduced a zero-deposit rental model for residents across India through a partnership with fintech platform CirclePe, aiming to reduce the upfront financial burden associated with renting. The offering has been integrated into Housr's resident management application, allowing tenants to move into its co-living properties without paying a conventional security deposit. Instead, residents can opt for a monthly payment model supported by CirclePe's financing platform. The initiative comes as India's co-living sector continues to expand, with industry estimates projecting the market to reach INR 200 billion by 2030. The company said the move is intended to make premium rental accommodation more financially accessible and simplify the move-in process.Read more

11 Jul 2026

Kutch's expanding transport network is reshaping how visitors experience one of Gujarat's most diverse regions. Improved highways, railway upgrades, airport modernisation and tourism infrastructure are strengthening access to archaeological sites, coastal towns, ports and artisan villages beyond the White Rann. During FY2025-26, infrastructure projects, heritage conservation and hospitality investments continued to improve regional connectivity, supporting tourism, trade and local businesses while preserving the landscapes and cultural traditions that define Kutch.Read more

11 Jul 2026

Beyond Squarefeet has appointed Chartered Accountant Himesh Vasani as Assistant Vice President – Leasing as the shopping mall advisory and management firm expands its retail real estate portfolio across India. Vasani brings more than 28 years of professional experience, including a 19-year tenure at Reliance Retail, where he was involved in real estate acquisitions and retail expansion initiatives. In his new role, he will lead leasing strategies, strengthen relationships with developers and retailers, and support the company's advisory and leasing operations. The appointment reflects Beyond Squarefeet's focus on strengthening its leadership team amid growing demand for organised retail and mixed-use developments.Read more

11 Jul 2026

Swiss hospital real estate company Infracore made its debut on the Swiss stock exchange, but its shares slipped below the initial public offering (IPO) price during early trading. The company opened at its offer price before declining by around 1.5%, reducing its market valuation. The IPO comprised both newly issued shares and shares sold by an existing shareholder. Infracore plans to use the fresh capital to expand its healthcare real estate portfolio and repay shareholder loans, while its key shareholders will continue to hold significant stakes in the company.Read more

11 Jul 2026

India's residential market has entered a more stable phase, but the economics of home construction continues to evolve. Rising material costs, increasing labour expenses, higher quality standards and expanding infrastructure are steadily influencing the pricing of new housing projects. Rather than focusing solely on market timing, prospective homebuyers should consider the long-term implications of construction cost inflation on future affordability. As developers adapt to changing market dynamics and consumer expectations, understanding these structural shifts has become essential for making informed property investment decisions.Read more

11 Jul 2026

Construction has resumed at the 9-acre Majaswadi Sarvodayanagar redevelopment project in Jogeshwari East after the final occupants vacated the site, ending a 17-year delay that had stalled the MHADA redevelopment scheme. The project, comprising 576 MHADA tenements, was previously undertaken by Acme Realties before insolvency proceedings halted development. Following approval by the National Company Law Tribunal (NCLT), Mantra Group assumed responsibility for completing the redevelopment, including homes for remaining tenants and two partially completed sale towers. The company has also secured an investment of INR 340 crore from ASK Property Fund to support the project's revival, with construction now underway across the fully cleared site.Read more

11 Jul 2026

Aramex has honoured Percy Avari, General Manager – India, as he concludes a 29-year career with the global logistics company. Having joined the organisation in 1997 as Financial Controller, Avari held several leadership roles and played a key role in expanding Aramex's operations across India, including international express, freight forwarding, domestic distribution and supply chain services. He also contributed to the growth of the company's cross-border e-commerce offering, Shop & Ship, and represented the logistics industry through various sector forums. Avari has indicated that he intends to explore opportunities within the start-up ecosystem following his departure from corporate leadership.Read more

11 Jul 2026

The Mussoorie Dehradun Development Authority (MDDA) has opened public consultation for the draft Dehradun Master Plan 2041, inviting suggestions and objections from residents and stakeholders before the plan is finalised. The revised blueprint focuses on planned urban expansion, transport infrastructure, environmental conservation, affordable housing, and balanced land use to accommodate future population growth. Citizens can review the draft online and at designated offices, with the feedback process expected to shape the city's long-term development strategy.Read more

11 Jul 2026

Karyan Group has launched Trevana Residences opposite Wave City on the NH-24 corridor in Ghaziabad, reinforcing the area's growing position as a premium residential destination within the National Capital Region (NCR). The project comprises 3 BHK and 4 BHK residences and features a range of lifestyle amenities, including a 45,000 sq ft clubhouse, sports facilities, indoor and outdoor swimming pools, fitness centres and landscaped green spaces. The development comes amid improving connectivity along NH-24, supported by road infrastructure upgrades, proposed metro expansion and proximity to commercial hubs in Delhi and Noida. With a projected investment of INR 900 crore and an estimated revenue potential of INR 1,500 crore, the project reflects increasing developer confidence in Ghaziabad's premium housing market.Read more

11 Jul 2026

Ekter Building Real Estate Hotel Commercial Industrial SA has secured a EUR 8.8 million contract with Democritus University of Thrace to complete facilities for its medical school. The project is scheduled to be completed within 24 months and adds to the company's growing order book. Following the agreement, Ekter's total backlog of public and private sector projects has increased to EUR 211.8 million. The contract strengthens the company's presence in public infrastructure projects, particularly in the education sector, while supporting its long-term project pipeline.Read more