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The Uttar Pradesh cabinet has approved a land use conversion ordinance aimed at simplifying the process of changing land classification for development purposes. The decision focuses on reducing procedural delays, improving coordination between departments, and making approvals more transparent. By streamlining application handling and limiting multiple layers of verification, the state intends to support faster execution of housing and infrastructure projects. The move is also aligned with earlier administrative efforts to digitize land records and improve ease of doing business across the state.Read more

26 Mar 2026

The Bhubaneswar Municipal Corporation has issued a stop-construction order against a housing project in Nandan Vihar after residents flagged multiple violations, including unauthorised expansion and non-compliance with regulatory approvals. The action follows complaints by the residents welfare association regarding ongoing construction despite rejection of the project's expansion by the Odisha Real Estate Regulatory Authority earlier this year. Allegations include lack of mandatory permissions, failure to complete committed infrastructure, and breach of approved building norms. The civic authority has directed the developer to halt all work pending further examination, while deploying inspectors to ensure compliance. The case highlights increasing scrutiny of residential developments in Bhubaneswar amid rising disputes over adherence to planning and regulatory frameworks.Read more

26 Mar 2026

Binghatti Holding has confirmed that its construction activities remain on track despite ongoing geopolitical tensions affecting global markets. The company reported that project execution has not faced disruptions, and timelines are being maintained as planned. It also highlighted that cancellation rates continue to stay below 1 per cent, in line with its historical trend, indicating stable buyer confidence. At the same time, Binghatti has sustained strong sales performance, with average weekly sales of around AED 500 million, showing consistency with pre-tension levels and reflecting steady demand in the real estate market.Read more

26 Mar 2026

Environmentalists in Navi Mumbai have raised serious concerns after laboratory tests indicated that three major flamingo lakes DPS Lake, NRI Lake, and T S Chanakya Lake have shown signs of high pollution and ecological imbalance. These wetlands, which support migratory flamingos and other biodiversity, appear to be affected by stagnant water, disrupted tidal flow, and contamination. Activists have highlighted weak regulatory oversight and ongoing urban pressures as key factors contributing to the situation, warning that continued degradation may further impact the region's fragile wetland ecosystem and its ecological functions.Read more

26 Mar 2026

The Nagpur Municipal Corporation (NMC) is facing challenges in recovering over INR 145 crore in unpaid property tax from central and state government departments, impacting its revenue targets for the current financial year. The dues relate to around 358 government-owned properties, with state entities accounting for the majority share. Despite issuing notices and initiating follow-ups, recovery has remained slow, with only a limited portion collected so far. The shortfall comes at a time when the civic body has already revised its annual tax collection target downward. The situation has prompted the administration to consider measures such as a potential property tax increase, highlighting fiscal pressures on urban local bodies dependent on property tax revenues for infrastructure and service delivery.Read more

26 Mar 2026

Demolition contracts awarded by the Ulhasnagar Municipal Corporation have come under scrutiny following allegations that contractors were paid crores of INR for work that typically generates revenue through salvaged materials. A corporator has raised concerns over possible irregularities in how payments were made during multiple demolition projects carried out over the past few years. The issue has prompted questions about contract structure, accounting of recovered materials, and overall expenditure. The civic body has been asked to clarify its payment methodology and is expected to submit detailed records for review.Read more

26 Mar 2026

Arkade Developers Ltd. has launched Arkade Evoke, a luxury residential project in Goregaon West with an estimated gross development value of INR 230 crore. Spread across 1.09 acres, the project comprises premium 2 and 3 BHK apartments and marks the developer's eighth project in the Goregaon-Malad corridor. The location benefits from connectivity through key transport infrastructure, including a nearby metro station. The launch reflects sustained demand for premium housing in established western suburbs, with a focus on design-led layouts and enhanced liveability features catering to evolving buyer preferences in Mumbai's residential market.Read more

Mumbai News Desk

26 Mar 2026

The Brihanmumbai Municipal Corporation has received only one bid for its INR 980 crore Deonar abattoir modernisation project despite extending deadlines multiple times. The initiative aims to upgrade the existing slaughterhouse into a modern, hygienic facility under a structured development plan that includes public-private participation for specific animal processing units. The limited participation has led the civic body to review the technical suitability of the bid before moving ahead. The situation also highlights challenges in attracting bidders for large-scale urban infrastructure and redevelopment projects in Mumbai.Read more

26 Mar 2026

The Goa State Pollution Control Board has served a show-cause notice on the Prabhu Violetta Phase I residential complex in Vasco, Goa, citing discharge of untreated sewage and absence of mandatory operational consent. The project has been asked to explain within a week why environmental compensation amounting to INR 44.50 lakh and INR 12.50 lakh should not be imposed. The regulator has also directed the immediate cessation of sewage discharge and mandated interim arrangements for waste transport to a public treatment facility. The action follows repeated non-compliance, including earlier directions issued last year and complaints from local authorities regarding unhygienic discharge affecting surrounding areas.Read more

26 Mar 2026

Brigade Enterprises Ltd has launched a new residential project, Brigade Belvedere, with an estimated revenue potential exceeding INR 11 billion. The initial phase of the project includes two residential towers offering 773 premium housing units. The launch reflects the company's continued focus on expanding its residential portfolio amid steady housing demand in key urban markets. Brigade Group has been actively introducing new developments in recent years to strengthen its presence, particularly in the mid to premium housing segment, aligning with evolving buyer preferences and urban growth trends.Read more

26 Mar 2026

Stratus Properties Inc. has approved a plan to dissolve its business and sell all assets, aiming to return between USD 29.73 and USD 37.69 per share to shareholders. The decision follows a strategic review by the board, which found liquidation to be the most value-accretive option. The company also plans to reduce overhead and administrative costs during the process and may delist from NASDAQ at a later stage. This move reflects ongoing challenges in parts of the US real estate sector and a shift towards unlocking capital through asset monetisation.Read more

26 Mar 2026

Waaree Energies Ltd has approved a capital expenditure of INR 39 billion to set up a glass manufacturing plant, marking a significant step in expanding its manufacturing capabilities. The decision, taken earlier this week, aligns with the company's broader strategy to strengthen its presence in the renewable energy supply chain and improve backward integration. The investment is expected to support production requirements for solar modules by ensuring a steady supply of key raw materials. The move also reflects the company's focus on scaling operations and reducing dependency on external suppliers.Read more

26 Mar 2026

Andhra Pradesh has taken a major step toward industrial growth with the foundation of a INR 1.36 lakh crore steel plant by ArcelorMittal Nippon Steel India in Anakapalli district. Planned in two phases with a total capacity of 17.8 million tonnes per annum, the project is expected to generate around one lakh jobs. A captive port and supporting infrastructure are also part of the plan. The state government sees this as a key move to strengthen its manufacturing base, improve logistics, and position Andhra Pradesh as a leading steel and industrial hub in India.Read more

26 Mar 2026

Cham Swiss Properties AG recently raised CHF 100 million by issuing a 7-year bond with a fixed coupon of 1.55%. The move reflects the company's continued focus on securing long-term financing at stable rates amid evolving market conditions. Such bond issuances are commonly used by real estate firms to fund development, refinance existing debt, or strengthen liquidity. The relatively low coupon indicates favourable borrowing conditions and investor confidence in the company's financial position and asset portfolio.Read more

26 Mar 2026

Raajmarg Infra Investment Trust, sponsored by the National Highways Authority of India, saw its units list with a gain of around 7-8 per cent on its trading debut earlier this week. The units opened above the issue price on both major stock exchanges, reflecting positive investor sentiment. The trust had recently completed a Rs 6,000 crore initial public offering, which received strong subscription of over 13 times during the offer period held over a three-day window. Its initial portfolio includes five toll road assets across multiple states operating under a concession-based toll-operate-transfer model.Read more

26 Mar 2026

The Rajasthan government is preparing a master plan to develop the area surrounding the Mahi Dam in Banswara district as a tourism destination, with emphasis on the Hundred Islands region within its reservoir. A committee comprising senior administrative and technical officials has been constituted to guide land use, environmental safeguards and tourism activities. The initiative aims to promote regulated, eco-friendly tourism while ensuring water conservation and local employment generation. The project seeks to integrate infrastructure planning with environmental protection in a region already known for its natural landscape and visitor appeal.Read more

26 Mar 2026

The Securities and Exchange Board of India (Sebi) has relaxed reporting requirements for stock brokers by removing the need to report demat accounts and easing bank account disclosure norms. The move is aimed at improving efficiency and reducing compliance burden. Brokers that are also banks or primary dealers will now report only relevant accounts linked to broking activities. Depositories will share demat account data with exchanges instead. While timelines and penalties remain, the revised framework is expected to streamline operations and support ease of doing business.Read more

26 Mar 2026

Escorts Kubota has been allotted a 154-acre land parcel by the Yamuna Expressway Industrial Development Authority to establish a new manufacturing facility in the Yamuna Expressway industrial region. The site is located in Sector-10 of the YEIDA industrial area and will be used for a greenfield project aimed at expanding the company's production capacity. While financial details of the investment were not disclosed, the development reflects continued industrial activity in the corridor, which has been witnessing increased allocation of land for manufacturing and allied sectors.Read more

26 Mar 2026

Japan International Cooperation Agency has signed loan agreements with the Government of India for four projects with a combined value of approximately INR 16,420 crore. The funding will support metro rail expansions in Bengaluru and Mumbai, alongside initiatives in healthcare in Maharashtra and sustainable horticulture in Punjab. The projects are aimed at strengthening urban mobility, medical infrastructure and agricultural value chains. With implementation timelines extending into the early 2030s, the initiatives are expected to contribute to improved connectivity, healthcare access and climate-resilient agricultural practices across multiple states.Read more

26 Mar 2026

The Supreme Court has criticised the West Bengal government for delaying work on the Kolkata Metro's Orange Line, particularly at the Chingrighata crossing. The court refused to accept the state's request to defer construction, stating that infrastructure projects cannot be stalled due to administrative or political reasons. It directed continued monitoring by the Calcutta High Court to ensure progress. The delay has been linked to traffic management concerns and lack of coordination. The corridor is important for connecting south Kolkata with Salt Lake Sector V, a key commercial and IT hub.Read more

26 Mar 2026

Bonava AB has sold a rental housing project in Turku, Finland, and has also started its construction. The project includes 61 apartments and is valued at around EUR 13 million. The company stated that the development is expected to generate positive cash flow from the beginning. This move aligns with Bonava's strategy of maintaining steady liquidity through forward sales while continuing project execution. Turku, being one of Finland's key urban centres, continues to see stable demand for rental housing, supporting such developments.Read more

26 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has been recognised with the ET GovTech Award 2026 (Gold) in New Delhi for its Integrated Digital Urban Planning & Governance Platform. The recognition highlights the authority's efforts in adopting advanced technologies such as digital twin systems and ICT tools to support efficient and transparent urban development in Amaravati. The acknowledgment was received during a recent award event and was also noted as a significant moment coinciding with Ugadi, reinforcing the broader vision of developing Amaravati as a technology-driven and well-planned capital region.Read more

26 Mar 2026

The National Highways Authority of India (NHAI) did not receive any bids for highway projects covering around 912 km, with a total value of about INR 18,885 crore, under the build-operate-transfer (BOT) model. The move was part of efforts to bring back private sector participation in road development. However, developers stayed away due to concerns around traffic uncertainty, financial risks, and project viability. The outcome shows that despite policy support, private players remain cautious about investing in BOT-based highway projects.Read more

26 Mar 2026

Delhi Chief Minister and Finance Minister Rekha Gupta presented the 2026-27 budget with a total outlay of around INR 1,03,700 crore, positioning it as a & green budget focused on infrastructure, connectivity, and urban development. The government projected tax revenue of INR 74,000 crore and significant allocations across sectors, including public works, power, water management, and municipal support. Key announcements included road upgrades, flyover expansion, dust-free road initiatives, and strengthened firefighting systems. The budget also emphasized development in trans-Yamuna areas and industrial zones.Read more

Delhi News Desk

26 Mar 2026

The Delhi government has approved the release of INR 3,700 crore towards its pending share of land acquisition costs for the Eastern and Western Peripheral Expressways, resolving a long-standing financial obligation linked to the projects. The cabinet-cleared proposal provides for phased payments, including an initial INR 500 crore in the current financial cycle, with the balance to be disbursed over subsequent years. The expressways, operational since 2018, form a 270-km ring corridor around the capital and are designed to divert non-destined heavy traffic away from Delhi. The decision is expected to improve coordination with central agencies, support infrastructure funding, and reinforce the role of these corridors in easing congestion and reducing vehicular pollution.Read more

26 Mar 2026

Spring Real Estate Investment Trust reported its full-year net property income at RMB438.4 million for the financial year. The trust also announced a final distribution of HKD 3.6 cents per unit for the period covering 1 July 2025 to 31 December 2025. The announcement reflects its operational performance across its property portfolio and distribution policy for unit holders. No additional operational breakdown was provided in the brief disclosure. The update forms part of the company's routine financial reporting for the year under its listed ticker 1426.HK.Read more

26 Mar 2026

Octave, a potential software spin-off from Hexagon AB, announced that Keolis India Pvt. Ltd. has chosen its Attune Enterprise Asset Management (EAM) platform for Pune Metro Line 3. The metro line, currently under construction, spans 23 km with 23 stations and is expected to improve connectivity between Shivajinagar and Hinjewadi while easing congestion. The platform will manage the full asset lifecycle, support maintenance, and integrate with enterprise systems through a SaaS model, including generative AI capabilities.Read more

Indore News Desk

26 Mar 2026

Authorities in Indore are preparing to launch new industrial zones by April to support the expansion of micro, small and medium enterprises (MSMEs) and strengthen the city's industrial base. The initiative is aimed at improving land availability, infrastructure and ease of doing business for smaller enterprises, which form a significant part of the local economy. The proposed zones are expected to provide serviced plots, better connectivity and essential utilities, enabling businesses to scale operations. The move aligns with broader efforts to position Indore as a key industrial hub in Madhya Pradesh while addressing increasing demand for organised industrial land and infrastructure.Read more

26 Mar 2026

The Madhya Pradesh government has allocated limited commercial LPG supplies to the hospitality sector after severe disruptions caused by the West Asia crisis. Hotels and restaurants have been given 9 per cent allocation, while dhabas and street food vendors received 7 per cent. The move follows industry pressure and warnings of shutdowns due to zero supply in recent weeks. Many businesses had already shifted to alternative cooking methods. The Centre has also increased LPG allocation to states, signalling gradual improvement, though the sector continues to face operational challenges.Read more

26 Mar 2026

Realty Income Corp has completed the closing of a USD 694 million term loan that is scheduled to mature in 2036. The financing strengthens the company's balance sheet and supports its long-term capital management strategy. The transaction adds to Realty Income's existing funding structure, which is typically used to support its portfolio of income-generating real estate assets. The company continues to rely on a mix of equity and debt financing to maintain liquidity and fund expansion, while managing repayment timelines in line with its long-term investment approach.Read more

Delhi News Desk

26 Mar 2026

The Delhi Public Works Department (PWD) has introduced a QR code-based system to enable citizens to access project details and provide feedback on road construction and maintenance works across the city. Display boards with QR and bar codes are being installed on roads undergoing strengthening and recarpeting, offering information such as project cost, contractor details, road length and defect liability period. The initiative mandates installation of boards within seven days of project completion at prominent locations. Citizens can also submit complaints and suggestions directly through the system. The move is aimed at improving transparency, accountability and public participation in infrastructure delivery, supported by a compliance framework requiring regular updates and monitoring.Read more

26 Mar 2026

The Odisha government has launched new affordable housing initiatives aimed at improving access to formal housing for the urban poor across key cities. The programme focuses on developing residential units under state and central schemes, targeting economically weaker sections and low-income households. The projects are being implemented through the Odisha Urban Housing Mission, with provisions for essential infrastructure and basic services. The initiative forms part of a broader push to reduce housing shortages, improve living conditions and support planned urbanisation. The state has also allocated budgetary support to accelerate implementation, with emphasis on faster execution and wider coverage across urban local bodies.Read more

Delhi News Desk

26 Mar 2026

Delhi Metro Rail Corporation, the operator of Delhi Metro Rail Corporation, is implementing upgrades across Phase III to improve interchange station connectivity. As part of this plan, 14 interchange stations will be equipped with foot overbridges (FOBs) and ramps to make transfers between lines smoother and more accessible. The initiative focuses on reducing walking distances, improving passenger flow, and supporting elderly and differently-abled commuters. The design follows earlier metro integration practices where multiple lines were connected through structured pedestrian links, escalators, and lifts for better commuter convenience.Read more

26 Mar 2026

Tata Power has moved a step closer to reviving operations at its Mundra Ultra Mega Power Project in Gujarat by signing a supplementary power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL). The company also plans similar agreements with Maharashtra, Rajasthan, Punjab, and Haryana. The plant had been shut since July 2025 due to financial losses, impacting power supply to multiple states. With regulatory approvals already in place, these agreements are expected to improve viability and help restart operations. The development also had a positive impact on Tata Power's share price.Read more

26 Mar 2026

Zions Bancorporation has agreed to acquire a mortgage-related business line linked to Fannie Mae and Freddie Mac from Basis Investment Group. The transaction is part of a broader strategic partnership between Zions Bancorporation and Basis Investment Group aimed at strengthening their real estate financing and capital formation activities. The collaboration is expected to support expansion in mortgage-focused operations while improving access to structured financing capabilities. The development reflects continued alignment between financial institutions seeking to scale their presence in housing finance-linked services.Read more

26 Mar 2026

The Kerala State Housing Board (KSHB) has approved the reconstruction of a structurally unsafe residential building in Chottanikkara, near Kochi, with an estimated cost of INR 2.27 crore. The three-storeyed block, built under the Saphalyam housing scheme to accommodate 24 families, became uninhabitable within a few years due to serious construction defects. The decision follows intervention by the High Court after residents were relocated to rented accommodation funded by the local body. Authorities found lapses in construction quality and supervision, including improper use of materials. The existing structure will be demolished and replaced with a concrete building, with planning already underway in coordination with local panchayat officials.Read more

26 Mar 2026

A debate in the Rajya Sabha has brought attention to a significant gap between the Union Budget estimates and revised figures. TMC MP Saket Gokhale alleged that the NDA government revised its 2025-26 Budget Estimate by nearly INR 10 lakh crore. He highlighted major reductions in allocations across key sectors such as housing, sanitation, and employment, and raised concerns over underutilisation of funds in schemes like the Jal Jeevan Mission. The government was also criticised for high debt servicing costs and pending dues to states, particularly West Bengal.Read more

Chennai News Desk

26 Mar 2026

Airfloa Rail Technology has secured an order worth INR 22.91 crore from BEML Ltd for supply works linked to Phase II of the Chennai Metro Rail Limited network. The contract covers design, manufacture, supply, testing and commissioning of lighting systems for metro coaches, along with spares and tools. Execution is scheduled over a 17-month period, with supplies expected to begin later this year. Payment terms include full settlement within 45 days of delivery. The order forms part of ongoing rolling stock and systems procurement for the expanding metro network, which is being developed to enhance urban mobility capacity across Chennai.Read more

26 Mar 2026

India Accelerator has announced plans to invest USD 5 million to expand its coworking and community workspace footprint across India over the next 12 to 18 months. The company aims to double its presence across cities, building on its existing network of 29 centres in more than 20 locations. Expansion is planned across both metro and tier-2 markets, including Vadodara, Kolkata, Guwahati and Bengaluru by the first half of 2026. The move reflects growing demand for flexible workspaces driven by startups, SMEs and enterprises adopting hybrid work models, alongside the increasing decentralisation of office demand beyond traditional business hubs.Read more

26 Mar 2026

The Goa State Consumer Disputes Redressal Commission has directed Dimension Builders to take steps toward forming a flat owners society for a residential project where residents raised complaints regarding construction defects and unresolved maintenance issues. The directive follows grievances filed by occupants highlighting deficiencies in the building and delays in proper handover. The commission observed that establishing a society is essential for structured management of the property, ensuring collective decision-making and better handling of common services. The order reinforces the responsibility of developers in transitioning control to homeowners after possession.Read more

26 Mar 2026

Larsen & Toubro has reported that more than 95 per cent of its project sites in West Asia continue to operate normally despite escalating geopolitical tensions linked to the ongoing regional conflict. The company, which has a significant exposure to markets such as Saudi Arabia, the UAE and Qatar, indicated that only a small proportion of projects near sensitive zones have been temporarily paused. While operations remain largely stable, the company has flagged emerging risks including supply chain disruptions and rising insurance costs. West Asia continues to account for a substantial share of L&T's international order book, underlining the region's importance to its overall business operations.Read more

26 Mar 2026

Simon Property Group reported the passing of its chairman and chief executive officer David Simon after his battle with cancer at the age of 64. He had been leading the company since 1995, during which the company's shares increased significantly over time. Following this development, the company appointed Chief Operating Officer Eli Simon as the new CEO and president, while board member Larry Glasscock was named non-executive chairman. The transition comes as the firm continues to focus on strong rental performance and operational stability across its retail portfolio.Read more

Mumbai News Desk

26 Mar 2026

Residents and activists in Mumbai have raised concerns over inadequate street lighting at Mahim Beach, especially around the Reti Bunder stretch. Several streetlights in the area are reported to be non-functional, leaving large sections poorly illuminated during evening and night hours. This has led to repeated appeals to civic authorities, including the Brihanmumbai Municipal Corporation, to carry out repairs and improve lighting. The issue highlights gaps in basic urban maintenance that directly affect public safety in frequently visited public spaces.Read more

26 Mar 2026

Revenue authorities in Nashik have issued revision notices to 439 individuals linked to 49 land transactions, invoking Section 257 of the Maharashtra Land Revenue Code, 1966, over alleged manipulation of land records. The action relates to claims that developers used fabricated subdivision maps to fragment land parcels below 4,000 sqm, thereby avoiding the mandatory 20 per cent reservation for economically weaker section (EWS) and low-income group (LIG) housing. The transactions span multiple localities including Adgaon, Deolali and Mhasrul. Authorities estimate that such practices may have resulted in the loss of nearly 6,500 affordable housing units. Hearings have been scheduled, with officials warning of further action, including removal of names from land records, in cases of non-compliance.Read more

26 Mar 2026

The Pimpri Chinchwad Municipal Corporation (PCMC) has received a notice from the Maharashtra irrigation department demanding payment of INR 143 crore towards pending water charges and penalties linked to alleged excess consumption and inadequate sewage treatment. The department has warned of possible suspension of water supply if dues remain unpaid. Civic officials have contested the demand, stating that the charges include disputed components such as industrial tariffs and penalties. The dispute comes at a time when the city already faces supply constraints, receiving water from Pavana and Andra dams while operating on alternate-day distribution. The issue highlights ongoing tensions between urban local bodies and state agencies over water allocation, billing practices and environmental compliance.Read more

26 Mar 2026

The Telangana High Court has stayed the Greater Hyderabad Municipal Corporation's attempt to acquire multiple private properties in the Jubilee Hills area for a road development project. The proposed acquisition was linked to improving connectivity between Road No. 45 T-Junction and Durgam Cheruvu. Property owners challenged the process, stating that their objections were not properly considered and that statutory procedures were not followed. The court observed procedural gaps in notifications and compliance requirements, leading to an interim halt. The matter is set for further hearing, while the stay provides temporary relief to affected owners.Read more

25 Mar 2026

The Telangana government has introduced revised building rules aimed at improving real estate development by simplifying construction norms and approval processes. The changes provide greater flexibility in areas such as building height, setbacks, and the use of Transferable Development Rights (TDR). These revisions are intended to help developers make better use of land, particularly in urban locations, and reduce procedural delays. By aligning regulations with current development needs, the state is seeking to encourage more efficient project execution while maintaining basic planning and compliance standards across key urban centres.Read more

25 Mar 2026

Arbor Realty Trust Inc completed a collateralized loan obligation (CLO) securitization valued at USD 762.6 million, marking a significant financing transaction for the company's lending platform. The deal involves packaging a pool of loans into securities that are sold to investors, enabling liquidity and capital recycling. This move reflects the company's continued activity in structured finance markets and its focus on managing loan portfolios efficiently. The securitization strengthens its ability to support future lending operations while maintaining balance sheet flexibility amid evolving credit market conditions.Read more

25 Mar 2026

The 20.5-km four-lane ring road in Rudrapur, Uttarakhand, is nearing completion, with authorities planning a trial run shortly after March 20. The project, estimated at around INR 1,100 crore, has reached approximately 95 per cent completion after nearly four years of construction under the National Highways Authority of India (NHAI). Designed to bypass the city, the corridor will connect National Highway-74 and NH-87 while passing through 12 villages and extending into neighbouring Uttar Pradesh. The road is expected to ease congestion within the industrial city, particularly by enabling heavy vehicles bound for the SIDCUL industrial area to avoid urban routes and reduce waiting times.Read more

Mumbai News Desk

25 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has asked Mumbai Metropolitan Region Development Authority (MMRDA) and Maharashtra Housing and Area Development Authority (MHADA) to clear property tax dues of over INR 2,287 crore. A large portion of the dues comes from MMRDA's infrastructure assets, while MHADA's pending amount is linked to residential properties. The move comes as BMC strengthens collections before the financial year-end. With property tax now its main revenue source after octroi was removed, recovering such large dues has become important for maintaining civic finances.Read more