5 minutes ago

The Kanpur district administration has reclaimed a prime Nazul property in Civil Lines after an investigation revealed it was sold illegally in 2012. Originally allotted to the Beri family in 1982, the land had neither lease renewal nor rent payment for years. Heirs of the original lessees misrepresented it as freehold in the sale deed to a private builder. The District Magistrate ordered government re-entry, directing the plot, valued at around INR 24.77 crore (approximately USD 3 million), to be re-registered under government ownership, with oversight assigned to the Nazul and tehsildar officials.Read more

35 minutes ago

The Karnataka government is in discussions with multiple companies to establish new industrial projects in the northern districts of Vijayapura and Bagalkote as part of efforts to reduce regional imbalances in development. State Industries Minister M B Patil informed the Legislative Council that the state's 2025-30 industrial policy continues the 'Beyond Bengaluru' strategy aimed at promoting investment outside the capital. The government is currently in talks with around nine to ten companies for potential projects in the region. Among the developments, a Reliance Industries facility at Kembhavi is scheduled to begin construction soon and is expected to generate about 1,600 jobs. Other proposed investments include an agricultural processing unit by Viterra and a wind turbine rotor-blade manufacturing facility by Suzlon Energy, reflecting efforts to diversify the industrial base in north Karnataka.Read more

1 hour ago

British homebuilder Persimmon has projected a strong performance for 2026, expecting both higher profits and increased home deliveries, placing it at the top end of market estimates. The company reported pre-tax profits of 445.6 million pounds for 2025, surpassing expectations, with early-year sales showing continued strength. Its vertical integration, including in-house production of bricks, tiles, and timber frames, has protected it from cost pressures affecting competitors. Analysts highlighted Persimmon's strategic execution as a reason for its strong positioning despite sector-wide challenges and geopolitical uncertainties.Read more

1 hour ago

NTPC Green Energy has announced the commissioning of a 250 MW solar photovoltaic project in Andhra Pradesh through Ayana Kadapa Renewable Power, a wholly owned subsidiary of ONGC NTPC Green. The company confirmed that the second phase of 91.6 MW became commercially operational in the past week, completing the entire project capacity. The first phase of 158.4 MW had already begun operations shortly before. The development forms part of NTPC's broader renewable energy expansion strategy as India increases its focus on solar power capacity and cleaner energy sources to meet its growing electricity demand.Read more

2 hours ago

Senior NCP (SP) leader Jayant Patil criticised the Maharashtra budget, pointing out gaps in farm loan waivers, rural development, and social welfare allocations. While the state government announced a crop loan waiver of up to INR 2 lakh until September 2025, Patil said it falls short of the INR 5 lakh promised during the election. He also highlighted rising state debt, underfunded social and agricultural schemes, and the closure of rural schools amid large infrastructure loans. Patil urged the government to address AI-related challenges and inclusive growth concerns.Read more

2 hours ago

The Mysuru Development Authority (MDA) has initiated plans to mobilise approximately INR 1,000 crore by auctioning vacant land parcels through an online bidding process across several layouts in Mysuru. The authority intends to develop residential sites of varying dimensions on around 150 acres of land located in established layouts such as Vijayanagar, Lalithadri Nagar, Dattagalli, JP Nagar and Hebbal before putting them up for auction. The move aims to generate financial resources for upcoming urban development initiatives, including new residential layouts, group housing schemes and infrastructure works such as the peripheral ring road. The decision follows a reduction in revenue streams after several layouts developed by the authority were transferred to local civic bodies, which resulted in the loss of certain property-related charges and cess collections.Read more

3 hours ago

Burstone Group has entered a joint venture with Hines European Real Estate Partners III (HEREP III), with the partners committing EUR 160 million in equity to a new investment platform. The partnership reflects Burstone's strategy to expand its fund and investment management activities alongside global institutional investors. HEREP III, a Europe-focused value-add real estate fund managed by Hines, targets opportunities across sectors such as logistics, residential, and office properties. The collaboration is expected to help both firms scale investments across European markets while leveraging Burstone's asset management capabilities and Hines established investment platform and investor network.Read more

3 hours ago

J&K Bank has partnered with two Non Banking Financial Companies to expand its home and gold loan business beyond Jammu and Kashmir. The bank signed co-lending agreements with Home First Finance Company India Limited for home loans and with IIFL Finance for gold loans. The partnerships will combine the bank's strong deposit base and branch network with the NBFCs expertise in credit delivery. Bank officials expect these collaborations to accelerate loan distribution, reach new customer segments, and enhance financial inclusion in emerging markets.Read more

Delhi News Desk

4 hours ago

The Delhi government is planning to construct a nearly 5-km flood protection wall along the Yamuna river between Majnu Ka Tila and Kashmere Gate to safeguard low-lying neighbourhoods in north Delhi from recurring monsoon flooding. The project, estimated to cost around INR 50 crore, has been approved by the Yamuna Standing Committee and will run largely along the Ring Road corridor. The proposed structure will extend about 4.72 km and include sections of reinforced cement concrete in high-risk areas and masonry barriers along the remaining stretch. The wall is designed to rise roughly six feet above the anticipated maximum flood level to prevent river water from entering nearby residential and commercial zones. The initiative follows the severe flooding of 2023 that affected several parts of north Delhi and disrupted traffic and daily activity in the capital.Read more

4 hours ago

Karnataka Chief Minister Siddaramaiah presented the state's largest budget, allocating INR 4,48,004 crore (around USD 54.7 billion) to promote balanced development, combining social welfare with infrastructure and economic transformation. Key initiatives include an IT Park in Mangaluru, making Mysuru the second IT city, and establishing a Bengaluru Robotics and AI Innovation Zone. The budget also focuses on education, healthcare, water projects, regional development, and employment generation. Revenue and fiscal deficits are projected within legal limits. The plan reflects a long-term framework, known as the "11G model," guiding Karnataka's growth and addressing regional and social disparities.Read more

5 hours ago

WeWork India Management Ltd has entered into a lease agreement to add 141,392 square feet of workspace capacity in Chennai, further strengthening its presence in the city's growing flexible office market. The move forms part of the company's broader expansion strategy across major Indian commercial hubs. WeWork India currently operates across eight cities with a portfolio of millions of square feet and serves enterprises, startups, and multinational firms seeking flexible workspace solutions. Chennai has emerged as an important market for the company in recent years as technology and global firms increasingly adopt managed and hybrid office models.Read more

Lucknow News Desk

5 hours ago

The Lucknow Development Authority (LDA) has launched registrations for Park View Apartments, a group housing project comprising 364 premium flats in the Basant Kunj scheme in Lucknow. Located opposite Rashtra Prerna Sthal, the project will offer 3BHK and 3BHK units with servant quarters, with apartment sizes ranging from about 154 sq m to 195 sq m and starting prices from around INR 75 lakh. Registrations opened in the past week and will remain available until early April through the authority's website, with allotment to be conducted through a lottery system. The development will include four residential towers and a range of residential amenities such as a clubhouse, swimming pool and children's play area. The initiative forms part of the authority's ongoing housing programmes aimed at expanding organised residential supply in Lucknow's growing urban corridors.Read more

6 hours ago

Truhome Finance, backed by global private equity firm Warburg Pincus, has filed draft papers with the Securities and Exchange Board of India to raise INR 3,000 crore through an initial public offering. The issue includes a fresh equity issue of INR 1,500 crore and an offer for sale of INR 1,500 crore by promoter Mango Crest Investment Ltd. The housing finance company plans to use the proceeds from the fresh issue to strengthen its capital base and support lending growth. Earlier known as Shriram Housing Finance, the lender has built a strong presence in the affordable housing loan segment.Read more

Delhi News Desk

6 hours ago

The Delhi Development Authority (DDA) has started work to restore the deteriorating Tikri Khurd Lake in Narela and convert the surrounding area into Delhi's first meadow park. The initiative follows directions issued after a site inspection by Lieutenant Governor V.K. Saxena, who highlighted the severe pollution and encroachment affecting the lake. Spread across about 40 acres with an additional 72 acres of surrounding land, the project will focus on ecological restoration, sewage treatment and landscape redevelopment. Planned features include grassland meadows, tree plantations, cycling tracks, viewing decks and environmental facilities aimed at reviving biodiversity and improving public access to green space.Read more

7 hours ago

Uttar Pradesh's housing department has issued a directive for real estate projects spanning 10 acres or more to reserve 1 % of their land for water bodies. This initiative is aimed at enhancing groundwater recharge, diverting surface runoff, and enabling the reuse of water for non-potable purposes such as cleaning, landscaping, and irrigation. Developers are also required to minimize concrete in parks and green spaces, and use permeable materials for walkways and jogging tracks. Surveyors and geomatics experts will help locate these water bodies at natural low points to ensure effective water collection.Read more

7 hours ago

Country Garden Holdings Co. Ltd has approved the allotment and issuance of 36 million additional work fee shares as part of its ongoing restructuring process. The shares will be issued at a price of HKD 0.30 per share to GLAS HK under a general mandate. The company stated that GLAS HK will dispose of these shares as soon as reasonably practicable in order to settle outstanding work fees related to the restructuring arrangement. The move forms part of Country Garden's broader efforts to address financial obligations and progress with its proposed debt restructuring, which has been under close observation by global investors.Read more

8 hours ago

The Odisha Real Estate Appellate Tribunal (OREAT) has upheld a penalty of INR 3 lakh imposed on a developer for handing over flats in a housing project in Gadakana, Bhubaneswar, without obtaining mandatory approvals, including an occupancy certificate. The tribunal dismissed the promoter's appeal in an order issued earlier this month, affirming an earlier decision by the Odisha Real Estate Regulatory Authority (ORERA). The regulatory authority had penalised the promoter for violating provisions of the Real Estate (Regulation and Development) Act, 2016, which requires project registration before marketing or sale. The developer had argued that the project was completed before the RERA framework came into force and therefore did not require registration. However, the tribunal found inconsistencies in the completion certificate submitted and concluded that the promoter had transferred possession without fulfilling statutory requirements.Read more

8 hours ago

Nasdaq has announced a collaboration with Payward, the parent company of cryptocurrency exchange Kraken, to develop infrastructure that supports the tokenization of financial assets. The initiative aims to enable securities to move from traditional institutional trading systems onto blockchain networks. The exchange operator is also working with Germany-based Boerse Stuttgart to support settlement of blockchain-based equities in Europe. The move comes as global exchanges and trading platforms increase efforts to introduce tokenized securities and expand blockchain-based market infrastructure.Read more

9 hours ago

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth about INR 1,401.84 crore from Maharashtra Industrial Township Limited for infrastructure development at the Dighi Port Industrial Area in Raigad district, Maharashtra. The project is part of the Delhi-Mumbai Industrial Corridor initiative and covers the creation of core industrial infrastructure such as roads, water supply networks, drainage systems, sewerage facilities, power distribution and ICT utilities. The construction period is 930 days, after which the company will operate and maintain the developed infrastructure for four years, with a possible extension period.Read more

9 hours ago

The fifth edition of The Economic Times Real Estate Conclave & Awards (ETRECA) 2026 was recently held in Mumbai, bringing together policymakers, developers, investors, and sector experts. Discussions focused on urban redevelopment, housing affordability, changing office space demands, technology adoption, and emerging capital markets. Industry leaders emphasised resident-centric planning, financing reforms, and sustainable urban development as crucial priorities. Following the conclave, the RECA 2026 awards recognised excellence across developers, residential and commercial projects, shared spaces, PropTech innovation, and leadership categories, including Lifetime Achievement and Young Achiever honours.Read more

10 hours ago

Residents of several housing societies in Mohali have demanded urgent action to resume construction of the long-delayed PR-6 road, a planned arterial corridor intended to improve connectivity between Airport Road and the Kharar Landran Road. Members of the Committee of Resident Welfare Associations and Societies (CORWAS) staged a protest outside a private developer's office in Sector 119 in the past week, alleging that the project has remained stalled due to a legal dispute involving the builder. Residents said the road alignment was earlier used in marketing nearby real estate projects but construction has not progressed, affecting thousands of households across the Mega Mohali area. The matter is currently before the court, with the next hearing scheduled for early April. Authorities have not commented on the issue, citing the case's sub judice status.Read more

10 hours ago

Karnataka is modernising its land records and property registration system under the Budget 2026-27 with new technology initiatives. The government will introduce Kaveri 3.0, an AI-enabled, paperless registration system to simplify and digitise property transactions. In parallel, a Karnataka Land Stack will consolidate data from Bhoomi, Mojini, Kaveri, e-Swathu, and e-Aasthi into a unified GIS-based platform. These reforms aim to improve transparency, reduce manual procedures, enable remote registrations, and streamline property-related processes for buyers, developers, and government agencies, building on prior efforts to digitise land and registration services.Read more

Delhi News Desk

11 hours ago

The Delhi Development Authority (DDA) will take direct charge of daily maintenance for its residential flats starting early April 2026. The move covers flats constructed before 2021, where day-to-day upkeep had previously been handled by resident welfare associations or flat owners. Under this system, the authority will provide services such as security, cleaning of common areas, lift and electrical maintenance, minor repairs, and upkeep of water tanks and STP-treated water lines. Flat owners will pay quarterly service charges per square metre, with interest applied on late payments. This initiative aims to ensure consistent maintenance and enhance living conditions in DDA housing pockets.Read more

11 hours ago

The Haryana government has proposed a 33 km six-lane road corridor aimed at improving connectivity between Gurugram and Jhajjar and easing traffic movement in the region. The project will run from the Harsaru bypass on the Gurugram Pataudi Road near Wazirpur on NH-352W and connect to Jhajjar on NH-352. The plan also includes a bypass around Farrukhnagar to divert through-traffic away from the town. Authorities have started the process of appointing a consultant to prepare the detailed project report, which will assess alignment, feasibility, environmental aspects and estimated costs for the corridor.Read more

12 hours ago

The National Green Tribunal (NGT) has directed the Ghaziabad district administration to remove encroachments on a lake in Pasunda village, Loni, where a residential colony has been developed. The NGO Society for Voice of Human Rights and Justice alleged that Mahalaxmi Land and Finance Company altered revenue records to allow construction on land officially recorded as a lake under survey number 1564. Earlier reports from the administration were incomplete. The NGT clarified that ongoing High Court proceedings on ownership do not restrict its review of environmental aspects, and scheduled further hearings for late March.Read more

Mumbai News Desk

13 hours ago

Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrani addressed concerns regarding the Coastal Road (North) project, noting that decisions involve multiple statutory approvals and cannot be made by a single authority. The project has faced criticism from citizen groups over its impact on nearly 45,000 mangroves. The Bombay High Court continues to monitor compliance, especially compensatory afforestation measures. At the International Arboriculture Conference, experts emphasized integrating urban development with ecological preservation, while officials outlined plans for tree care initiatives, modern arboriculture practices, and citizen engagement in protecting urban greenery.Read more

14 hours ago

The Union Railway Board has revived three railway line projects in Tamil Nadu that had remained stalled for nearly a decade. The projects include the Tindivanam Gingee Tiruvannamalai line, the Attipattu Puttur line, and the Chennai Cuddalore corridor via Mahabalipuram. The decision follows concerns raised about delays in railway infrastructure development and reduced spending on new rail lines in the state. Earlier, funds allocated for some of these projects were returned after they were placed in abeyance. Officials indicated that restarting the projects could improve regional connectivity once land acquisition, approvals, and funding processes move ahead.Read more

10 Mar 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has upheld conditions imposed by the Odisha Real Estate Regulatory Authority (ORERA) on the registration of Phase III of a housing project in Ghatikia, Bhubaneswar. The tribunal rejected the developer's challenge and ruled that ORERA's restrictions were justified given unresolved issues relating to land classification and regulatory approvals. The authority had barred the developer from executing sale agreements until the building plan is revalidated, an occupancy certificate is obtained and land records affected by the misclassification of around 1.016 acres as forest land are corrected. The tribunal emphasized that the Real Estate (Regulation and Development) Act, 2016 prioritizes consumer protection and requires developers to meet regulatory compliance before selling units. The ruling reinforces regulatory oversight over real estate projects facing legal or environmental compliance issues.Read more

10 Mar 2026

Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a licence agreement with East Horizon Pvt Ltd to develop a floating storage and regasification unit (FSRU) at the Haldia Dock Complex with an investment of around INR 260 crore. The agreement, executed on March 6, is aimed at strengthening liquefied natural gas (LNG) infrastructure in eastern India and supporting the region's transition towards cleaner energy sources. The proposed facility will enable the import, storage and regasification of LNG before supplying it into onshore pipelines for distribution. Port officials said the project is expected to enhance LNG handling capabilities at Haldia while contributing to the national objective of increasing the share of natural gas in India's energy mix. The development forms part of wider efforts to expand gas infrastructure and support industrial energy demand in eastern India.Read more

10 Mar 2026

The Ministry of Road Transport and Highways has introduced stricter rules to assess contractors working on national highway projects, aiming to reduce serious construction failures and improve accountability. The revised framework clearly defines what will be treated as a catastrophic failure, including bridge collapses, tunnel incidents, and major pavement damage. Such failures can lead to a deduction of up to 30 marks in contractor performance ratings, which may affect their chances of securing future highway contracts. The move comes amid growing concerns over construction quality and safety in large road infrastructure projects across India.Read more

Hyderabad News Desk

10 Mar 2026

Charles Schwab has further expanded its presence in India by leasing a large office space in Hyderabad's Gachibowli IT corridor to support its global capability centre operations. The Indian subsidiary signed a five year lease for roughly 3.45 lakh square feet across five floors at Phoenix Equinox Tower 2. Monthly rent is set at about INR 108 per sq ft with a 5 % annual escalation, and payments will begin in phases from next April and July. The space will accommodate technology, analytics, and other critical support functions, reflecting Hyderabad's continued appeal for multinational firms.Read more

Mumbai News Desk

10 Mar 2026

Residents and environmental groups in Mumbai recently held a citizen march in Kandivli to draw attention to concerns about mangroves that could be affected by the proposed northern extension of the coastal road project. The demonstration focused on the environmental impact of the planned Versova-Bhayander corridor, where thousands of mangrove trees fall within the project's influence zone. Activists stressed that these ecosystems play a key role in protecting the city from flooding and coastal erosion. The march brought together local citizens and conservation groups to highlight ecological concerns while the large infrastructure project continues to move forward.Read more

10 Mar 2026

Global ports and logistics operator DP World has introduced alternative land transport arrangements to ensure cargo movement to Jebel Ali Port in Dubai as geopolitical tensions in West Asia disrupt maritime logistics across the Gulf region. Under the temporary contingency plan, import containers can be discharged at UAE ports on the eastern coast, including Khorfakkan and Fujairah, and transported by bonded road transit to Jebel Ali for final customs clearance. The measure is aimed at maintaining supply chain continuity for exporters and shipping lines facing operational uncertainties in the region. Jebel Ali is the Middle East's largest container port and a major transhipment hub connecting trade routes across Asia, Europe and Africa. The alternative routing arrangement is expected to support cargo flows while maritime operations in parts of the Gulf face disruptions linked to the ongoing regional security situation.Read more

10 Mar 2026

Real estate developer County Group has announced an investment of more than INR 1,200 crore to develop a luxury residential project in Noida. The project, named Clove County, will be built on a 5-acre land parcel located in Sector 151 along the Noida Greater Noida Expressway. The development will feature 226 premium apartments priced between INR 10 crore and INR 18 crore. According to the company, the land was acquired through an auction for nearly INR 500 crore. County Group said the project reflects strong demand for high-end housing in the Noida market. The company, a major developer in the National Capital Region (NCR), has already delivered multiple residential and commercial developments across cities including Noida, Greater Noida, Ghaziabad, Gurugram and New Delhi.Read more

10 Mar 2026

Goa borrowed INR 4,148 crore in interest-free loans last fiscal year while staying within FRBM limits, according to Chief Minister Pramod Sawant. The state also accessed INR 3,000 crore from NABARD and SIDBI at interest rates of 2.5-5% for rural and industrial infrastructure projects. Despite being eligible for INR 4,500 crore in market borrowings, only INR 2,500 crore was used last year, with plans to borrow just INR 1,000 crore this fiscal. The move reflects a balanced fiscal strategy emphasizing development without overshooting borrowing limits.Read more

Pune News Desk

10 Mar 2026

ICICI Prudential Asset Management's alternative investment fund has expanded its commercial real estate holdings by acquiring a Grade A IT park in Pune for approximately INR 520 crore. The Aditya Shagun Infinity IT Park in Baner spans around 388,000 sq ft and is leased to prominent companies including Eaton Corporation, Accenture, and Jaguar Land Rover. With an annual rent escalation of 4.7% and nearly nine years of average lease tenure, the acquisition strengthens the fund's strategy of investing in stabilized office assets. The fund has a history of similar acquisitions across Pune and other key cities, targeting steady rental income and asset appreciation.Read more

10 Mar 2026

ZAGA Capital Partners has raised 210 million euros in equity for its ZAGA German Real Asset Opportunities II fund, strengthening its strategy focused on investing in the German property market. With the latest fundraising, the firm has secured around 500 million euros in total capital for its German real estate investment platform. The fundraising comes at a time when Germany's housing market is expected to stabilise after a period of slowdown driven by higher borrowing costs and rising construction expenses. According to a recent survey of property analysts, house prices in Germany are estimated to have risen by about 3.5% in 2025 and are expected to grow at a slower pace of around 3% annually over the next two years.Read more

Mumbai News Desk

10 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to present the INR 3,000 crore Gargai dam proposal to its civic standing committee for final approval. The 69 metre dam near Ogada village in Palghar district, along with a 2.2 metre tunnel to Modak Sagar reservoir, is expected to add 440 million litres per day to Mumbai's water supply, becoming the city's first new reservoir since Middle Vaitarna in 2014. Work is expected to start by March 2026, with completion targeted in 2029. The project includes village relocation, hydropower generation, and tree transplantation.Read more

10 Mar 2026

CRE Matrix said office rentals in Navi Mumbai are about 21% lower than the average rentals in major Tier-1 cities, making the market increasingly attractive for multinational companies and global capability centres (GCCs). According to the firm's report, Navi Mumbai Rising: A Comprehensive Perspective on India's Next Commercial Real Estate Hub, average office rents in the city are around INR 70 per sq ft per month. The report highlights strong growth in the region's commercial real estate sector, supported by infrastructure development, competitive costs and rising occupier demand. Navi Mumbai currently has around 32.7 million sq ft of prime office stock with over 430 occupiers, while an additional 23.5 million sq ft of office space is expected to be developed by 2031.Read more

10 Mar 2026

Meesho has been issued a tax demand notice of nearly INR 1,500 crore, including interest, for the assessment year 2023-24, which the company plans to contest. The demand is based on adjustments to its reported income. A similar notice for 2022-23 had received an interim stay from the Karnataka High Court. Meesho reported a significant widening of losses to INR 490.6 crore in the latest quarter due to a sharp rise in expenses, while revenue grew by 31 percent to INR 3,517.5 crore, reflecting operational expansion amid higher costs.Read more

10 Mar 2026

Polo Hotels Group has announced plans to invest around INR 103 crore to develop a five-star hotel in Silchar, Assam, marking the first luxury hospitality project in the Barak Valley region. The proposed property will feature 100 rooms and suites and aims to introduce international-standard hospitality infrastructure to the area. The project has received approval from the Assam cabinet, which has also granted customised incentives and facilitative support for its development. According to the company, the hotel is expected to strengthen the tourism, business and events ecosystem in the region while supporting broader economic growth. Polo Hotels Group said the project reflects its long-term commitment to expanding its hospitality presence in Northeast India.Read more

Chennai News Desk

10 Mar 2026

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

Mumbai News Desk

10 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

10 Mar 2026

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more

10 Mar 2026

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more

10 Mar 2026

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

10 Mar 2026

Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more

10 Mar 2026

Swedish construction firm Skanska has committed CZK 917 million (about SEK 400 million) to the final phase of its Albatros Kbely residential development in Prague, Czech Republic, advancing a large urban housing project that has been rolling out in stages. The last segment will add 178 low energy apartments to the development, bringing the total to 688 homes when complete. The neighbourhood includes extensive public green areas and civic amenities and has been designed with energy and water efficiency in mind. Construction on this concluding phase has begun this month and is planned to finish in early 2028.Read more

10 Mar 2026

Data released by the Maharashtra Highway Police shows a significant increase in accidents and fatalities on the Mumbai-Nagpur Samruddhi corridor during the past year, while the Mumbai-Pune Expressway recorded a marginal decline in overall accidents. The Samruddhi route reported 185 accidents in 2025, up from 137 in the previous year, along with a rise in fatal crashes and deaths. In contrast, accidents on the Mumbai-Pune Expressway dropped slightly. Authorities are reviewing safety measures and planning stronger monitoring systems on the Samruddhi corridor to control speeding and improve highway safety.Read more

10 Mar 2026

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more