8 minutes ago

Reserve Bank of India has initiated three key surveys, including the inflation expectations survey of households, to gather inputs for upcoming monetary policy decisions. The May 2026 round covers 19 cities and captures household views on price trends over the near and medium term. Alongside this, the central bank has rolled out urban and rural consumer confidence surveys to assess economic sentiment, employment outlook, and spending patterns. The findings are expected to inform deliberations of the Monetary Policy Committee, scheduled to meet in the coming weeks, as the central bank evaluates inflation trends and broader economic conditions.Read more

38 minutes ago

MMRDA has moved ahead with plans to strengthen social infrastructure in Bandra-Kurla Complex by allocating key plots to Jupiter Lifeline Hospitals and D. Y. Patil Education Group. The combined investment of over INR 580 crore will bring a multi-speciality hospital and a modern educational centre to the business district. The allotments were completed through a transparent e-tendering process, reflecting a shift towards integrated urban planning. The development is expected to improve access to healthcare and education within BKC, supporting its transition into a more balanced and self-sustained urban ecosystem.Read more

1 hour ago

Nitin Gadkari conducted a review of 26 national highway projects covering 288 km in Goa, assessing construction quality and maintenance based on inputs from media and social platforms. The review focused on improving execution standards, ensuring durability of road assets, and addressing operational gaps. The minister directed officials to strengthen field-level monitoring and adopt improved construction practices. He also emphasised pre-monsoon preparedness measures such as drainage clearance and slope stabilisation to minimise disruptions, highlighting the importance of maintaining infrastructure performance during seasonal challenges.Read more

1 hour ago

Citius TransNet Investment Trust recorded a positive market debut, with its units closing over 6% above the issue price of INR 100 on both BSE and NSE. The InvIT, which raised INR 1,105 crore through its initial public offering, saw strong investor interest with a subscription of 20.43 times. Units settled at around INR 106 on listing day, taking its market valuation to INR 6,477.59 crore. The proceeds will be utilised to acquire stakes in multiple road infrastructure assets and for general corporate purposes, reflecting continued investor appetite for infrastructure-backed investment vehicles.Read more

1 hour ago

Axis Bank has received approval from the Reserve Bank of India for the re-appointment of Subrat Mohanty as executive director for a further term of three years. The extension, effective from August 17, 2026 to August 16, 2029, follows the bank’s board approval granted earlier this year. The regulatory clearance formalises the continuation of Mohanty’s leadership role within the bank’s senior management, ensuring stability in its executive structure.Read more

2 hours ago

Brigade Enterprises has entered into a 50:50 joint venture with Bain Capital to develop a premium mixed-use project in Whitefield, Bengaluru, with an estimated investment of INR 2,200 crore. The development will span an 11-acre land parcel and include around 2 million sq ft of built-up area comprising Grade A office space and a five-star hotel. The partnership reflects continued institutional interest in India’s commercial and hospitality real estate segments, particularly in established office micro-markets such as Whitefield.Read more

2 hours ago

Indonesia has initiated 13 projects across energy, mining, and agriculture sectors with a total investment of USD 6.7 billion. The move is aimed at reducing dependence on imports and strengthening domestic production. Key developments include refinery expansion, fuel storage facilities, coal-to-DME processing, and steel manufacturing units. The government is also pushing forward agro-based production such as biodiesel. Some projects revive earlier stalled plans, reflecting a renewed focus on energy security and industrial growth. These initiatives are expected to improve capacity, support local industries, and enhance long-term self-sufficiency.Read more

2 hours ago

The Telangana government has signed a share purchase agreement to acquire 100% equity in L&T Metro Rail (Hyderabad) Ltd for INR 1,461.47 crore, formally taking over Hyderabad Metro Rail Phase I. The transaction, executed through Hyderabad Metro Rail Limited, includes refinancing of outstanding debt of INR 13,538.53 crore with a state guarantee. The metro network spans 69 km across three corridors and serves an average daily ridership of 4.5 lakh passengers. The acquisition is aimed at aligning Phase I operations with the proposed Phase II expansion to enable integrated planning and execution.Read more

3 hours ago

The National Company Law Tribunal, Mumbai, has approved a resolution plan for Nirmal Lifestyle (Mulund) Private Limited, facilitating the revival of a stalled residential project and providing relief to 234 homebuyers linked to the Nirmal Olympia development. The plan, submitted by Mantra Properties and Developers Private Limited and supported by 100% of the Committee of Creditors, addresses an aggregate debt of around INR 1,491 crore. The resolution process, led by InCorp Restructuring Services LLP, extends benefits to homebuyers associated with a partnership firm outside the formal insolvency framework, marking a complex restructuring outcome within the real estate sector.Read more

3 hours ago

Jeffrey D Sachs stated that India could attain developed nation status by 2047 if it sustains its current economic growth trajectory. Speaking at an event organised by FICCI, he highlighted India’s role in global stability and emphasised the need for an independent foreign policy approach. Sachs also suggested that India should maintain balanced international relations without aligning with major power blocs. He referred to the government’s ‘Viksit Bharat 2047’ roadmap, noting that continued economic expansion and strategic positioning could support the country’s long-term development objectives.Read more

4 hours ago

Mercedes-Benz has signed an agreement to sell its European leasing subsidiary Athlon to BNP Paribas, as part of efforts to unlock liquidity and streamline operations. The transaction, expected to close in the second half of the year subject to regulatory approvals, could generate up to EUR 1 billion in liquidity. Athlon operates across 20 countries and is a significant player in the vehicle leasing market. The deal reflects a broader strategy by Mercedes-Benz to optimise capital allocation while allowing BNP Paribas to strengthen its presence in the European leasing segment.Read more

4 hours ago

Pinnacle Infotech has entered into memoranda of understanding with Autodesk, Bentley Systems, Trimble, Nemetschek Group, IES, and ETAP to develop an integrated digital ecosystem for the architecture, engineering, construction, and operations (AECO) sector. Announced at the launch of its Global Centre of Excellence in Bengaluru in the past week, the initiative aims to connect fragmented workflows across design, engineering, construction, and operations. The collaboration is expected to support lifecycle-driven project delivery through interoperable digital platforms, enabling improved coordination, data integration, and efficiency in large-scale infrastructure and construction projects.Read more

5 hours ago

Hindustan Power has received environmental clearance from the Ministry of Environment, Forest and Climate Change for a proposed 2×800 MW transitional power project at Anuppur, Madhya Pradesh. The approval enables the company to move ahead with the second phase of its existing thermal power plant, which already has 1,200 MW operational capacity. The expansion will add 1,600 MW to the project, strengthening regional power infrastructure. The development reflects continued capacity addition in transitional energy as India balances renewable expansion with grid stability and rising electricity demand across industrial and urban centres.Read more

5 hours ago

Marriott International has expanded its footprint in India with the opening of a 185-key Le Meridien Hotels & Resorts property in Surat, Gujarat, marking the brand’s entry into the city known as the Diamond hub. The company noted that India continues to remain a key growth market and highlighted Surat’s strong cultural and commercial profile as a fit for the brand’s positioning. In a separate development, IHG Hotels & Resorts has signed an agreement with Yash Hotels & Resorts LLP to develop a 150-key Holiday Inn Resort in Alwar, Rajasthan, scheduled to open in the first quarter of 2030.Read more

6 hours ago

The UK government has clarified that it is not considering rent control measures, despite recent discussions around a possible temporary freeze on rent increases to support tenants. Housing Minister Steve Reed stated that such policies are not being evaluated, citing past outcomes in Scotland where rent caps led to sharper increases. His remarks follow comments by Finance Minister Rachel Reeves, who indicated that the government is exploring ways to support renters facing rising living costs. The stance signals a preference for alternative solutions over direct market intervention.Read more

6 hours ago

The Lucknow bench of the Allahabad High Court has dismissed a petition filed by Sahara India Commercial Corporation Limited challenging the cancellation of its land lease for the Sahara Shahar complex by the Lucknow Municipal Corporation. The court held the plea to be not maintainable, citing ongoing proceedings before the Supreme Court of India involving related matters. The municipal body had cancelled the lease granted in 1994 and directed the land to be vacated in September 2025. The decision comes amid parallel proceedings linked to the Sahara-SEBI case and proposed asset transfers.Read more

7 hours ago

IIFL Finance reported a more than two-fold increase in consolidated net profit to INR 623 crore for the quarter ended March 2026, supported by higher interest income and improved asset quality. Total income rose to INR 3,700 crore, while interest income stood at INR 3,330 crore during the period. Gross non-performing assets declined to 1.46%, with net NPAs at 0.73%. For the full financial year, profit increased to INR 1,817 crore, alongside total income of INR 13,374 crore. The company’s assets under management grew 38% year-on-year to INR 1,08,180 crore, indicating expansion across its lending portfolio.Read more

7 hours ago

Rooftop solar adoption in Delhi has expanded significantly, with power distribution companies energising over 23,000 installations across residential, commercial, and industrial categories. BSES discoms have commissioned more than 13,600 connections with a combined capacity of around 260 MWp, while Tata Power Delhi Distribution Limited has energised over 4,000 installations in the past year alone. The growth has been supported by subsidy schemes such as the PM Surya Ghar programme and the Delhi Solar Policy. Consumers are eligible for subsidies of up to INR 1.08 lakh, alongside generation-based incentives, driving uptake across housing societies and individual households.Read more

8 hours ago

Mindspace Business Parks REIT has announced a distribution of INR 431 crore to unitholders for the quarter ended March, reflecting a 10% year-on-year increase. The REIT also reported a 37.4% rise in net operating income (NOI) to INR 742 crore for the quarter, supported by higher occupancy and leasing activity. Gross leasing stood at 3.5 million sq ft during the period, with annual leasing reaching 7.13 million sq ft. The performance highlights sustained demand for Grade A office assets across key markets including Mumbai, Pune, Hyderabad, and Chennai.Read more

8 hours ago

Canada’s housing market downturn is affecting consumer spending even as financial markets continue to perform strongly. Falling home prices, higher mortgage rates, and global factors like rising oil prices have reduced household confidence and borrowing capacity. While overall household wealth has increased due to stock market gains, these benefits are largely limited to wealthier individuals. Economists note that housing plays a more direct role in spending behaviour, and the ongoing correction is weakening the broader economic recovery. Slower consumption growth is expected to impact GDP momentum in the coming period.Read more

9 hours ago

The Indore Municipal Corporation (IMC) has commissioned a 60 MW solar power plant in Khargone district, funded through a public green bond issuance of INR 244 crore, marking a first for a renewable energy project in India. The plant, developed at a total cost of INR 271.16 crore, is spread across 211 acres and is expected to generate 9.60 crore units of electricity annually. The project is aimed at reducing the civic body’s electricity expenditure, particularly for water supply operations, while lowering carbon emissions by an estimated 1.46 lakh tonnes each year. The initiative reflects increasing adoption of sustainable financing mechanisms in urban infrastructure projects.Read more

9 hours ago

Allegion reported a weaker-than-expected quarterly profit as demand in its residential security segment remained soft due to high borrowing costs and cautious homebuyer sentiment. While revenue growth stayed steady and met market expectations, pressure from the housing sector affected overall performance. The company’s Americas business saw moderate growth, supported by pricing, while international operations performed strongly. Despite near-term challenges, Allegion maintained its full-year earnings outlook, indicating stable expectations for the rest of the year amid ongoing macroeconomic uncertainty.Read more

10 hours ago

The Centre has proposed an INR 18,500 crore elevated corridor through the Nallamala forest to improve access to the Srisailam temple. The 86.7 km project across Andhra Pradesh and Telangana is aimed at easing traffic, improving safety, and enabling round-the-clock travel in a stretch currently restricted at night. Designed with eco-sensitive features, the corridor will pass through protected tiger reserve areas with minimal ground disturbance. The proposal is under review, with forest clearances and detailed reports awaited before the project moves to the next stage.Read more

Delhi News Desk

10 hours ago

The Delhi Development Authority has auctioned more than 140 plots across various locations in the capital as part of its land monetisation strategy to augment revenue. The parcels include residential, commercial, and institutional plots, attracting interest from developers and investors. The move is aimed at unlocking land value, supporting planned urban development, and generating funds for infrastructure and housing initiatives. The auction reflects continued demand for land in Delhi despite limited supply, particularly in well-connected and established micro-markets.Read more

11 hours ago

The Jharkhand government has initiated action to cancel around 30 residential plot allotments found to be used for commercial purposes in violation of regulations. The move follows inspections that identified unauthorised conversions in designated residential zones. Authorities have issued notices to allottees and begun proceedings for cancellation and recovery of land. The action is part of a broader effort to enforce land-use norms, curb misuse of allotted plots, and ensure compliance with planning regulations across urban areas in the state.Read more

11 hours ago

Adani Power reported a 64% year-on-year increase in consolidated net profit to INR 4,271.40 crore for the quarter ended March 31, driven by higher income and reduced tax expenses. Total income rose to INR 15,989.09 crore, while full-year profit reached INR 12,971.08 crore. The company also reported improved operating revenues supported by higher plant uptime and capacity. Alongside financial performance, Adani Power continues to advance expansion projects and secure long-term power supply agreements, with a target to add 23.7 GW of thermal capacity by 2032, reflecting ongoing capacity growth and demand alignment.Read more

12 hours ago

The UK government is exploring measures to ease pressure on renters, including a possible one-year rent freeze, as rising living costs continue to affect households. Finance minister Rachel Reeves indicated that supporting tenants in the private rental market remains a priority, especially amid inflation linked to global tensions. While some political groups have backed the idea, opposition leaders have raised concerns about its long-term impact on housing supply. The discussion reflects a broader effort to balance tenant protection with market stability in the UK housing sector.Read more

12 hours ago

Max Estates Limited has commenced solar power procurement for its commercial development, Max Square in Sector 129, Noida, marking an operational step towards its target of sourcing 50 per cent of portfolio energy from renewables by 2030. The initiative is expected to reduce 5,400–6,000 tonnes of carbon emissions annually while delivering 20–25 per cent savings in electricity costs for occupiers. The move aligns with India’s broader renewable energy goals under the Panchamrit commitment and reflects increasing demand from institutional investors and occupiers for energy-efficient, ESG-compliant commercial assets in the National Capital Region.Read more

Nagpur News Desk

13 hours ago

The Nagpur Municipal Corporation has identified more than 28,000 property owners who have defaulted on property tax payments, with total outstanding dues estimated at INR 259 crore. The civic body has initiated recovery measures, including issuing notices and planning enforcement action against defaulters. The exercise is part of efforts to strengthen municipal revenues and improve tax compliance. Authorities have indicated that stricter monitoring and recovery mechanisms will be implemented, particularly targeting large defaulters, to support funding for civic infrastructure and urban services in the city.Read more

13 hours ago

Gorilla Technology Group has expanded its artificial intelligence infrastructure collaboration with Yotta Data Services through a project valued at approximately USD 2.8 billion. The agreement includes deployment of 20,736 B300 GPU cards in India to support large-scale AI compute capacity, with completion targeted by the end of September 2026. The development builds on an existing framework involving high-performance servers and GPUs, and includes participation from NVIDIA. The initiative reflects growing investment in hyperscale AI infrastructure across India’s data centre ecosystem.Read more

14 hours ago

Foreign investors have continued to show strong interest in US investment-grade corporate bonds, maintaining steady inflows for over a year, according to a recent note by Citigroup. The trend reflects a clear shift toward technology, media and telecom (TMT) companies and longer-duration bonds, while exposure to financial sector debt has reduced. Investors from regions such as Canada, Japan and Hong Kong have led inflows, supported by regulatory changes and demand for stable, long-term returns. Despite concerns around rising corporate debt, particularly linked to AI expansion, US issuers continue to dominate global high-grade bond markets.Read more

Kochi News Desk

03 May 2026

Kochi Corporation has started a large-scale desilting drive across major canals as part of its pre-monsoon preparation. While most minor drains have already been cleared, the focus has now shifted to key canals that carry stormwater across the city. The work includes removal of silt, waste and water hyacinth, with coordination across multiple agencies. Authorities aim to complete the work before heavy rains begin, as delays could increase waterlogging risks. The exercise also builds on earlier flood management efforts such as Operation Breakthrough.Read more

03 May 2026

BXP has increased its 2026 funds from operations (FFO) forecast, supported by strong leasing demand from artificial intelligence companies and a gradual return-to-office trend. The revised guidance is slightly above market expectations, reflecting improved confidence in office space absorption, particularly in key US markets like the Bay Area and New York City. However, the company expects softer performance in the near term, with second-quarter projections coming in below estimates. Despite a modest year-on-year dip in quarterly FFO, revenue growth remained stable, indicating steady operational performance.Read more

03 May 2026

The Prime Minister highlighted the importance of road and rail connectivity in supporting Sikkim’s tourism and economic growth. He pointed to ongoing infrastructure projects, including the Sevoke–Rangpo railway line, as key to improving access to the state. With significant progress made despite earlier delays, the rail link is expected to be operational by 2027. Alongside highway upgrades, these developments are aimed at reducing travel time, improving connectivity, and boosting tourism-driven economic activity in the region.Read more

03 May 2026

Chennai-based developer DRA has entered into a strategic partnership with California-headquartered Slate Technologies to deploy its AI-powered construction intelligence platform across ongoing projects. The implementation, currently covering around 3.3 million sq. ft. and supporting nearly 2,000 workers, marks one of the earliest large-scale integrations of AI in Indian real estate execution. The platform enables real-time monitoring, predictive analytics, and multilingual site coordination, helping improve project delivery timelines, quality control, and operational efficiency. Industry observers indicated that such technology adoption reflects a broader shift towards data-driven execution models in construction, particularly as project complexity increases. The move is also aligned with growing developer focus on governance, transparency, and timely delivery, positioning AI as a key enabler in enhancing execution consistency and reducing project risks.Read more

03 May 2026

Mumbai’s western suburbs are witnessing a shift in residential demand as homebuyers increasingly prioritise proximity to daily essentials, workplaces, and transit networks. The concept of “15-minute living” is gaining traction, supported by infrastructure upgrades and metro expansion. Data from Knight Frank indicated that the city recorded over 97,000 home sales in 2025, alongside more than 1.5 lakh property registrations, with suburban locations accounting for over 80% of activity. Developers and industry stakeholders report growing end-user preference for micro-markets offering integrated social infrastructure, connectivity, and reduced commute times.Read more

03 May 2026

Welltower has increased its annual earnings outlook, supported by continued demand for senior housing and healthcare assets. The company reported strong quarterly performance, with both funds from operations (FFO) and net profit surpassing market expectations. Growth was driven by rising occupancy and the increasing needs of an ageing population, particularly in the US. With operations spread across the US, Canada and the UK, the REIT remains focused on senior living and healthcare properties. The improved outlook reflects stable sector demand and the company’s ability to maintain performance momentum.Read more

03 May 2026

Navi Mumbai and Panvel are preparing to enter the municipal bond market for the first time, with plans to raise funds for urban infrastructure projects. Navi Mumbai is expected to target around INR 1,000 crore, while Panvel is likely to raise a smaller amount. Both cities have secured investment-grade credit ratings, reflecting strong financial profiles and debt-free balance sheets. The move signals growing momentum in India’s municipal bond market, supported by central government incentives and increasing interest from institutional investors, including potential participation from global financial institutions.Read more

03 May 2026

Essex Property Trust reported better-than-expected first-quarter performance, supported by steady rental demand and limited housing supply across key West Coast markets. The company saw notable revenue growth in regions such as Seattle and Northern California, with San Francisco leading within the portfolio. Despite the strong quarterly showing, its full-year adjusted funds from operations guidance came in slightly below analyst expectations. The REIT continues to benefit from favourable demand-supply dynamics, although its outlook suggests a more measured performance ahead.Read more

03 May 2026

Banke International Properties – India reported gross transaction value of approximately INR 587 crore in Mumbai during the last financial year, registering around 20% year-on-year growth. Residential real estate accounted for nearly 90% of the transactions, led by premium and luxury housing segments. Thane emerged as the top-performing micro-market, followed by Central and Western suburbs, Navi Mumbai and South Mumbai. End-users contributed 70% of the demand, while investors accounted for the remainder. The firm has strengthened its deal pipeline through partnerships with leading developers and is targeting INR 1,000 crore in transactions in the current financial year, alongside exploring plotted development opportunities aligned with Mumbai 3.0.Read more

03 May 2026

Neo Alternative Asset Managers has committed INR 300 crore in structured debt to VRise Developers for Atlantis at Narsingi, a premium residential development in West Hyderabad by The Vasavi Group. The RERA-approved project comprises eight towers of 45 floors each with 2,199 units across configurations. Located near Gachibowli and the Financial District, the development benefits from proximity to major employment hubs and infrastructure corridors. The funding will be utilised to accelerate construction and execution, reflecting continued institutional interest in Hyderabad’s residential market.Read more

03 May 2026

China Railway Special Cargo Logistics Co Ltd has announced a leadership change with Chairman Yu Yongli set to resign due to a change in work arrangements. The development comes as part of internal restructuring, though the company has not disclosed further details about the transition or a successor. The firm, which plays a key role in railway-based cargo logistics in China, continues to operate in a sector that supports industrial supply chains and freight movement. The announcement is expected to have limited immediate operational impact.Read more

Mumbai News Desk

03 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has extended the application deadline for its Mumbai housing lottery, offering 2,640 flats across key locations in the city. Applicants can now apply until May 14, with EMD payments accepted until May 15. The lottery draw has been rescheduled to June 5. The extension comes after a slower-than-expected response, with applications yet to cross 40,000. The scheme continues to cater to multiple income groups and remains one of the most accessible government-backed housing opportunities in Mumbai.Read more

03 May 2026

The Nashik Municipal Corporation has stepped up execution of multiple smart city projects amid pressure to meet completion timelines under the national Smart Cities Mission. Key works include integrated command and control systems, road infrastructure upgrades, public space improvements, and urban mobility initiatives. The acceleration comes as authorities seek to complete pending components within stipulated deadlines, with a focus on improving service delivery and urban infrastructure. The developments are expected to enhance liveability in Nashik while also influencing real estate activity through improved civic amenities and connectivity across the city.Read more

03 May 2026

Actor Tiger Shroff has invested in a residential unit at Breez by Danube, a waterfront project in Dubai Maritime City developed by Danube Properties. The transaction highlights continued interest from global investors and high-net-worth individuals in Dubai’s residential market, particularly in premium waterfront developments. The project offers fully furnished apartments and multiple lifestyle amenities, positioned within an emerging coastal district. The investment reflects sustained demand for Dubai real estate, supported by investor-friendly policies, rental yield potential and infrastructure growth. The development is part of Danube Properties’ broader portfolio of mid-to-premium housing offerings in the UAE.Read more

03 May 2026

Yatra Online Limited has upgraded its AI-powered travel assistant, DIYA, to support end-to-end planning and booking of multi-city and multi-country itineraries within a single chat interface. Announced recently, the feature allows users to create and book complex travel plans across destinations without switching platforms. The assistant integrates flights, hotel stays, and local experiences into a single itinerary while supporting multiple journey formats. Powered by advanced artificial intelligence models and available across web and mobile platforms, the upgrade reflects a broader shift towards automated, conversational travel planning, reducing manual effort and streamlining the booking process for increasingly complex travel requirements.Read more

03 May 2026

The inauguration of the 590+ km Ganga Expressway in the past week is expected to influence real estate activity across Uttar Pradesh and NCR-linked regions by improving connectivity and enabling industrial expansion. The corridor is likely to support logistics efficiency, reduce travel time, and attract investment into emerging micro-markets. Industry stakeholders indicated that locations along the Yamuna Expressway, Greater Noida, and adjoining belts could see increased demand, with near-term price appreciation estimated at 8–12% over the next 12–18 months. The project is also expected to accelerate development across tier-2 and tier-3 cities, supported by planned industrial clusters and infrastructure rollout.Read more

03 May 2026

The Government has outlined plans to increase the tourism sector’s contribution to India’s GDP from 5.22 per cent to 10 per cent over the next decade, supported by rapid expansion in transport and infrastructure networks. The target was highlighted during the 15th edition of The Great Indian Travel Bazaar in Jaipur, where officials pointed to growth in airports, rail connectivity, and aviation capacity as key drivers. Domestic tourism has risen sharply, crossing 4 billion visits, while international arrivals and foreign exchange earnings have also doubled. The push is expected to require significant expansion in hotel capacity and destination development.Read more

03 May 2026

Micro-markets across New Gurugram are emerging as key growth drivers in the National Capital Region’s residential and commercial real estate landscape, supported by expanding infrastructure and rising end-user demand. The region, particularly along the Dwarka Expressway and Southern Peripheral Road, has seen increased development activity, with Gurugram accounting for nearly 73 per cent of NCR housing launches in the past quarter. Improved connectivity, metro expansion plans, and proximity to Indira Gandhi International Airport have strengthened its appeal. Mid-segment housing continues to dominate supply, while commercial leasing and warehousing activity have reinforced Gurugram’s position as a multi-sector hub, contributing to sustained demand across evolving micro-markets.Read more

03 May 2026

The Supreme Court has directed a Magistrate’s court to proceed with trial in an INR 50 crore cheque dishonour case linked to a financial dispute between members of the Sheth real estate family. The case involves allegations of fraud, breach of trust and misconduct against financier Viren Gala, who had acted as a guarantor in a 2021 settlement concerning share transfers in Sheth group entities. The cheque issued as part of the arrangement was later dishonoured, triggering legal proceedings. Earlier orders setting aside the complaint have been overturned, reviving the case for judicial examination amid questions over escrow assurances and intermediary roles in high-value settlements.Read more