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The Haryana Real Estate Regulatory Authority (HRera) has directed Burman Estate Pvt Ltd to pay delay possession interest at 10.80 % per annum to two homebuyers after failing to hand over a serviced apartment in the Gurgaon Spectrum Centre project by the original March 15, 2021 deadline. Although the occupation certificate was issued in late 2024, possession had not been offered. HRera rejected the builder's plea for a second COVID-19 extension, citing that statutory relief had already been availed. Buyers had paid more than the sale consideration and sought multiple reliefs under RERA.Read more

11 Mar 2026

The Haryana government has initiated plans to develop waste-to-energy (WTE) facilities in several major cities as part of efforts to improve municipal solid waste management and reduce reliance on landfill dumping. The Urban Local Bodies (ULB) department has constituted a committee to prepare a model request for proposal (RFP) and assess project feasibility in cities including Gurugram, Faridabad and Hisar. The panel has been tasked with identifying potential project sites, estimating waste generation and preparing frameworks for public-private partnership (PPP) implementation. The initiative is aligned with broader waste management efforts under the Swachh Bharat Mission (Urban). However, environmental groups and waste management experts have raised concerns over the environmental impact of incineration-based plants and have argued that the Solid Waste Management Rules, 2016 prioritise waste segregation, recycling and composting before considering energy recovery technologies.Read more

11 Mar 2026

A federal jury in Manhattan has convicted brothers Oren Alexander, Tal Alexander and Alon Alexander in a high-profile sex trafficking case involving allegations that women were lured to exclusive parties and sexually abused. Prosecutors argued that the brothers used a pattern of manipulation to isolate and assault victims, while the defense maintained the encounters were consensual. The case followed a months-long trial during which 11 women testified about abuse. Oren and Tal Alexander, known figures in New York's luxury real estate brokerage industry and co-founders of Official, now face sentencing while their legal teams consider an appeal.Read more

11 Mar 2026

The Karnataka revenue department has initiated a statewide digitisation programme aimed at making land survey services fully online by 2026, enabling citizens to apply for surveys, access land sketches and obtain boundary information without visiting government offices. The initiative is being implemented through the Survey, Settlement and Land Records (SSLR) wing and forms part of broader reforms to modernise land administration and improve transparency in property records. Under the plan, historical survey documents and physical land measurement records will be digitised and converted into geospatial maps, while each property will receive a Unique Land Parcel Identification Number (ULPIN). The digital system will integrate survey data with other land-related databases across departments, including urban development and panchayat authorities, with the aim of reducing disputes, improving service delivery and enabling more accurate land-use monitoring across the state.Read more

11 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed penalties totalling over INR 2.43 crore on two real estate promoters in Lucknow for failing to upload mandatory quarterly progress reports (QPRs) on its online portal. The action followed repeated reminders and notices that were not complied with. One penalty of INR 16.25 lakh was imposed on the promoter of the Arpita Infinity project, while another penalty of INR 2.27 crore was levied on the promoter of Ganpati Smart City. UP RERA stated that quarterly reporting is a key compliance requirement under the Real Estate (Regulation and Development) Act, 2016 to maintain transparency in project execution.Read more

11 Mar 2026

Existing home sales in the United States rose unexpectedly in February as declining mortgage rates and slower house-price growth encouraged buyers to return to the market. According to the National Association of Realtors, sales increased 1.7% month-on-month to a seasonally adjusted annual rate of 4.09 million units, surpassing economists' expectations of a decline. However, the market continues to face supply constraints, with inventory remaining below pre-pandemic levels despite a modest rise. The median existing home price increased 0.3% year-on-year to USD 398,000, while housing supply rose to 1.29 million units. Analysts suggest that although improving affordability and easing borrowing costs have supported demand, limited housing inventory could restrict sales momentum during the spring home-buying season.Read more

Mumbai News Desk

11 Mar 2026

Raymond Realty has signed definitive documents to jointly develop a residential project in Kandivali, Mumbai, with an estimated gross development value of around INR 3,000 crore, marking the company's seventh joint development project in the city. With this addition, the total gross development value of Raymond Realty's real estate portfolio is expected to reach nearly INR 43,000 crore. Separately, NCR-based developer County Group has launched 'Clove County', a luxury residential project in Sector 151, Noida, along the Noida-Greater Noida Expressway, involving an investment exceeding INR 1,200 crore. The five-acre development will feature 226 high-end apartments across three towers with configurations ranging from large 4BHK to 5BHK residences. The announcements reflect continued development activity in two key residential markets—Mumbai and Noida—across both joint development and premium housing segments.Read more

11 Mar 2026

Export cargo worth about INR 345 crore destined for Iran is currently stranded at Gujarat's Kandla and Mundra ports due to disruptions in shipping operations caused by the ongoing West Asian crisis. The government informed Parliament that consignments including rice, tea and pharmaceuticals remain stuck as vessel movement has been affected. Data shared in the Lok Sabha indicated that around 35,962 tonnes of cargo valued at INR 305.67 crore is lying at Kandla port, while 5,676 tonnes worth INR 40.72 crore is awaiting shipment at Mundra port. Officials stated that the conflict involving Iran has disrupted maritime logistics in the region, affecting cargo movement. Iran remains a major buyer of Indian basmati rice, making the disruption significant for exporters and agricultural trade.Read more

11 Mar 2026

The Uttar Pradesh Housing Board is offering a discount of up to 15 % on residential plots and flats in its Siddharth Vihar township in Ghaziabad. Buyers paying within 60 days of booking are eligible for the full discount, while those paying within 61-90 days can claim 10 %. The township, spread over 635 acres and around 30% developed, is strategically located along the Delhi-Meerut Expressway with rapid rail and metro access. Plot rates vary depending on orientation, proximity to parks, or wider roads, reflecting a structured pricing system.Read more

11 Mar 2026

The Hotel & Restaurant Association of Odisha (HRAO) has urged the Union government to ensure uninterrupted supply of commercial LPG cylinders, warning that the current shortage is disrupting operations across hotels and restaurants. In a memorandum submitted to Petroleum and Natural Gas Minister Hardeep Singh Puri, the association stated that irregular supply of commercial cooking gas has begun affecting food preparation and hospitality services. Industry representatives cautioned that continued disruptions could force establishments to suspend operations, cancel bookings and affect tourism activity in the state. The hospitality sector in Odisha employs around 50,000 people and supports several allied industries including food supply, transport and local vendors. The issue has emerged amid supply pressures linked to the ongoing West Asia conflict and recent increases in LPG prices.Read more

11 Mar 2026

CapitaLand Integrated Commercial Trust Management has successfully issued SGD 300 million of fixed-rate green notes with a 2.18% interest rate, set to mature in 2031. The issuance is part of the trust's USD 7 billion Euro Medium Term Note (MTN) program, strengthening its financing flexibility. The green notes are aligned with sustainable investment initiatives, reflecting the trust's focus on environmentally responsible projects. This strategic move enhances the trust's ability to fund long-term developments while providing investors with stable, fixed-income opportunities linked to green projects.Read more

11 Mar 2026

Indian Railways has proposed significant changes to its decade-old public-private partnership (PPP) policy to attract greater private investment in railway infrastructure projects. The revised framework proposes extending concession periods for private developers to up to 50 years and shifting full responsibility for land acquisition and associated costs to the railways. The policy revision follows limited private sector participation under the existing PPP framework, where project risks such as land acquisition delays and uncertain revenue recovery discouraged investment. Officials said the reforms aim to improve project viability and provide long-term revenue certainty for investors. The changes are expected to support upcoming railway infrastructure initiatives, including freight corridors and new rail lines planned under national infrastructure expansion programmes. The Ministry of Railways is currently evaluating the proposed amendments before finalising the revised PPP framework.Read more

11 Mar 2026

The Pune Municipal Corporation has presented a draft budget of INR 13,995 crore for the financial year 2026-27, with a strong focus on urban mobility, road development and infrastructure expansion. A major share of the allocation has been directed towards improving road connectivity and supporting development in the 34 villages that were recently merged into the city limits. Around INR 1,800 crore has been earmarked for road and transport infrastructure, along with funds for land acquisition, footpath development and environmental initiatives. The civic administration expects an improvement in revenue in the coming financial year despite the ambitious outlay.Read more

11 Mar 2026

Asiasec Properties Ltd has indicated that it expects a net loss of between HKD 210 million and HKD 220 million for the fiscal year 2025, mainly attributed to a decrease in the fair value of its investment properties. The company's property portfolio, which spans commercial and residential assets in key markets, has faced valuation pressures amid changing market conditions. Analysts note that this follows a trend of moderate performance declines in the Hong Kong real estate sector over recent years, driven by cautious investment sentiment and market adjustments.Read more

11 Mar 2026

The Calcutta High Court has cancelled the bail granted to a builder in a cheating and criminal breach of trust case related to a redevelopment dispute in north Kolkata. The court found that the magistrate court's bail order issued in 2018 had serious procedural defects, including lack of proper authentication and failure to consider the complainant's objections. The case involves an elderly tenant who alleged that the developer stopped paying displacement rent and failed to provide the promised flat after redevelopment. The High Court also ordered police protection for the complainant and recommended improved judicial training on recording court orders.Read more

11 Mar 2026

The Bihar government has started construction of an underground tunnel that will connect the Bihar Museum with the historic Patna Museum in Patna. The project, estimated at around INR 542 crore, aims to improve visitor movement between the two important cultural institutions located close to each other in the state capital. Chief Minister Nitish Kumar initiated the tunnelling work by activating the tunnel boring machine near Hartali Mor on Nehru Path. The tunnel is planned as a heritage corridor with displays related to Bihar's culture and history and is expected to strengthen tourism infrastructure in the city.Read more

Mumbai News Desk

11 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has introduced mandatory independent geotechnical oversight for foundations of high-rise buildings, aiming to strengthen construction safety in the city's dense urban areas. Buildings taller than 180 m must now receive clearance from the High-Rise Committee (HRC) at key construction stages, ensuring soil investigations, shoring, and excavation practices meet rigorous standards. This move follows past foundation and shoring failures, and includes empanelled senior engineers from academia and industry. It represents the first municipal-level geotechnical requirement in Asia and could serve as a model for other growing cities.Read more

11 Mar 2026

A double-decker flyover at Savitribai Phule Pune University Chowk in Pune has been opened to traffic, aiming to reduce congestion at one of the city's busiest intersections. Built by the Pune Metropolitan Region Development Authority (PMRDA) at a cost of about INR 277 crore, the project integrates a road flyover with a Metro viaduct above it for the Hinjewadi-Shivajinagar Metro Line-3. The 1.7 km structure connects key areas including Baner, Aundh, Pashan and Shivajinagar. Officials expect the new infrastructure to shorten travel time and improve connectivity across western Pune's major residential and IT corridors.Read more

11 Mar 2026

Pirojsha Adi Godrej, Executive Chairperson of Godrej Properties, acquired nearly a 1.8% stake in Arvind SmartSpaces through an open market transaction worth about INR 40.7 crore. The deal involved the purchase of 8,17,530 shares at an average price of INR 498 per share. The shares were sold by HDFC Capital Affordable Real Estate Fund-1, an affiliate of HDFC Capital. After the transaction, the stock of the Ahmedabad-based developer closed slightly lower on the BSE. The investment reflects continued investor interest in listed real estate companies as housing demand and development activity remain steady in several cities.Read more

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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 Mar 2026

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 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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

11 Mar 2026

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