9 minutes ago

Golden Growth Fund has reported continued price appreciation in South Delhi’s luxury floor market during the first quarter of 2026, with Category B colonies registering stronger annual growth than Category A neighbourhoods. According to the fund’s latest market assessment, prices of luxury builder floors in Category B colonies increased between 23% and 32% year-on-year, while Category A colonies recorded growth between 14% and 22%. The report noted that prices for premium floors in Category A locations ranged from INR 19.5 crore to INR 40 crore on average, whereas Category B colonies recorded average pricing between INR 10.75 crore and INR 16.5 crore. The fund attributed the demand momentum to limited supply, rising migration of affluent buyers within Delhi and sustained investor interest in established luxury residential micro-markets despite wider real estate market moderation.Read more

39 minutes ago

• The Centre is expanding implementation of the SVAMITVA scheme to issue legal property cards for residential land parcels in rural areas across India.
• The programme uses drone surveys and geospatial mapping technology to demarcate inhabited village land and generate digital ownership records.
• According to government data, millions of property cards have already been distributed across participating states under the scheme.
• The initiative is aimed at reducing land disputes, improving rural land governance and enabling property owners to access institutional finance using documented assets.
• The scheme is being implemented by the Ministry of Panchayati Raj in coordination with state governments, Survey of India and local Panchayati Raj institutions.Read more

1 hour ago

• Ministry of Textiles inaugurated India’s first operational PM MITRA Park in Warangal, developed at a cost of INR 1,695.54 crore under the central government’s integrated textile infrastructure programme.
• The 1,327-acre project is expected to attract investments exceeding INR 6,000 crore and generate more than 24,400 jobs across the textile value chain.
• According to the ministry, nearly 62 per cent of the park has already been allotted to industrial units, indicating early investment traction within the integrated manufacturing ecosystem.
• The PM MITRA scheme aims to establish textile manufacturing hubs across seven states with multimodal connectivity, common infrastructure and investment incentives. The Warangal project has been positioned as a key industrial and employment-focused development for Telangana’s manufacturing sector.Read more

2 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a stakeholder consultation in Amaravati to discuss draft Sustainable and Green Public Procurement Guidelines aimed at promoting low-carbon and environmentally responsible infrastructure development. Supported by the World Bank programme, the proposed framework focuses on integrating sustainability into public procurement through life cycle costing, use of low-carbon construction materials, energy-efficient building practices, and climate-resilient infrastructure. Officials, industry representatives, consultants, and technical experts also discussed pilot projects and inclusion of green materials in the State Schedule of Rates to support wider adoption across upcoming projects in Amaravati.Read more

3 hours ago

• The first phase of Pune Metro Line 3 connecting Hinjewadi and Shivajinagar is expected to begin operations by the end of June, subject to mandatory safety clearances.
• Around 12 stations on the 23.2-km elevated corridor are likely to become operational initially, while work on the remaining stations is targeted for completion later this year.
• The corridor is being developed by Pune IT City Metro Rail Limited under a public-private partnership model involving the Tata Group and Siemens.
• Officials stated that trial runs across the full route have already been completed and the project has achieved over 95 per cent physical progress.
• The metro line is expected to improve connectivity between Pune’s central business district and the Hinjewadi IT hub, where large-scale residential and commercial development has taken place in recent years.Read more

4 hours ago

The Centre has approved INR 257 crore under the Urban Challenge Fund to support major infrastructure works in Nashik ahead of the Simhastha Kumbh Mela 2027. The projects, proposed by the Nashik Municipal Corporation, are part of a larger INR 1,900 crore development plan focused on roads, water supply, sewerage systems, river rejuvenation and urban mobility. The funding comes as Maharashtra accelerates preparations for the religious gathering expected to attract millions of devotees. Along with civic upgrades, authorities are also focusing on sustainability, traffic management and long-term urban infrastructure improvements across Nashik and Trimbakeshwar.Read more

5 hours ago

Existing home sales in the United States recorded a slight increase in April, supported mainly by gains in the multi-family housing segment, while single-family home sales remained flat. High mortgage rates, rising inflation and stretched affordability continued to weigh on demand, especially among first-time buyers. Home prices touched a record level for April despite slower annual growth, while housing inventory stayed below pre-pandemic levels. Economists believe the market may continue to face pressure in the coming months as consumer sentiment weakens and borrowing costs remain elevated, limiting a broader recovery in housing activity.Read more

6 hours ago

The Karnataka government has reopened the tender process for the proposed Mangaluru IT Park after the initial round received no bidders. The project, planned on a 3.2-acre KEONICS land parcel in Derebail, Mangaluru, is being developed under a public-private partnership model with a long-term lease structure. The initiative is part of the state’s broader effort to expand IT development beyond Bengaluru under its “Beyond Bengaluru” programme. Despite structured lease terms and planned infrastructure support, the lack of participation has led authorities to invite fresh bids from developers.Read more

7 hours ago

• Saya Homes stated that its Saya Gold Avenue project in Indirapuram is witnessing increased traction amid rising demand for premium housing across the NCR region.
• Residential property values in Indirapuram are gradually approaching INR 15,000 per sq. ft., supported by demand from affluent buyers seeking established urban locations with strong infrastructure and connectivity.
• The developer stated that the project has attracted interest from entrepreneurs, healthcare professionals, startup founders and business families seeking larger homes and lifestyle-oriented residential communities near Delhi.
• Located near NH-9, the high-rise development is positioned within a mature residential micro-market supported by schools, healthcare facilities, retail centres and transport connectivity. The company added that buyer preference is increasingly shifting towards integrated residential ecosystems with wellness amenities and larger living spaces.Read more

8 hours ago

The Bihar cabinet has approved World Bank assistance of about USD 500 million (around INR 4,750 crore) for the Bihar Urban Transformation Programme aimed at strengthening urban infrastructure and planned development in selected cities. The initiative focuses on improving civic services, urban connectivity, and basic infrastructure while supporting structured growth across urban areas. It is part of the state’s broader push for long-term urban planning, better service delivery, and improved living standards, along with continued collaboration with multilateral agencies for infrastructure development.Read more

9 hours ago

Nature-oriented wedding destinations and farmhouse communities near Delhi NCR are increasingly influencing tourism activity and real estate demand along emerging expressway corridors such as the Delhi–Mumbai Expressway. Locations like Naugaon, situated near the Aravalli belt, are witnessing growing interest from families seeking destination-style wedding venues within driving distance of Delhi. Industry stakeholders indicate that buyers and event organisers are increasingly prioritising open landscapes, lower-density environments and experiential gatherings over conventional large-format urban venues. According to Vijay Ram Rattan, Chairman of Ram Rattan Group, demand is shifting towards spaces that combine accessibility, privacy and extended social experiences. The trend is also supporting growth in elevated farmhouse communities, weekend home developments and hospitality-linked real estate formats across peripheral regions connected through new infrastructure corridors.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has directed the Agricultural Produce Market Committee (APMC) administration to strengthen internal sanitation and drainage management at the wholesale market complex in Vashi ahead of the monsoon season. During a joint inspection conducted in the past week, Municipal Commissioner Dr Kailas Shinde reviewed waste handling, drainage cleaning and waterlogging-prone locations within the market premises alongside civic and APMC officials. The commissioner instructed the market administration to prepare vehicle movement schedules to improve waste collection efficiency, increase the frequency of garbage lifting and accelerate drain cleaning operations. The inspection also focused on recurring water accumulation near the fruit market’s western gate, where civic authorities proposed drainage modifications and additional pumping arrangements to reduce monsoon flooding risks at one of Asia’s largest agricultural wholesale markets.Read more

15 May 2026

• Bombay High Court questioned BMC’s demolition of a Malad West structure over alleged procedural lapses under Section 351 proceedings.
• The petition challenges demolition of a 15-room property near Mith Chowky Metro Station in Mumbai.
• The court directed BMC to explain the action, warning that restoration orders could follow if due process violations are established.Read more

15 May 2026

• HG Infra Engineering has secured a highway construction contract worth INR 3,931.11 crore from Welspun Enterprises for a major road project in Maharashtra.
• The project involves six-laning of the Pune–Shirur section of NH-753F, including partially elevated stretches and upgrades to the existing corridor.
• The total project length is around 53.40 km and the company has been given 36 months to complete the construction work.
• The order is expected to strengthen HG Infra Engineering’s order book and improve long-term revenue visibility amid rising highway development activity across India.
• The project is also expected to improve traffic movement and connectivity in one of Maharashtra’s key industrial and logistics corridors.Read more

15 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has undertaken a large-scale barricade removal and monsoon preparedness exercise across multiple metro corridors in the Mumbai Metropolitan Region ahead of the 2026 monsoon season. More than 1.14 lakh metres of barricades have already been removed from completed viaduct stretches to restore road space and improve traffic movement. The exercise covers Metro Lines 2B, 4, 4A, 5, 6, 9, 12 and parts of 7A. Along with easing congestion and improving road accessibility, MMRDA has also directed contractors and project teams to strengthen emergency preparedness systems, including deployment of dewatering pumps and dedicated response teams across project sites.Read more

15 May 2026

The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing a ‘green channel’ framework, termed the Garuda mechanism, to accelerate the registration and launch of Alternative Investment Funds (AIFs). Under this proposal, certain categories of AIFs would be permitted to launch schemes and deploy capital immediately upon the acknowledgement of their placement memorandum, bypassing the traditional, lengthy review process. The move aims to facilitate ease of doing business for sophisticated investors while shifting the burden of compliance and due diligence onto merchant bankers and investment managers. This regulatory shift is expected to significantly reduce the time-to-market for private equity and venture capital funds operating within the Indian financial ecosystem.Read more

15 May 2026

Nitco Ltd has received a new order worth INR 66.65 crore from Prestige Estates Projects, adding to its order pipeline in the real estate segment. The company disclosed the development in a regulatory update during the past week. The order comes at a time when residential and commercial construction activity remains strong across major Indian cities, supporting demand for building materials and interior products. Prestige Estates Projects, one of India’s major real estate developers, has been actively expanding its project portfolio across housing, office, retail and hospitality segments in several key markets.Read more

15 May 2026

• Kuwait Business Town Real Estate Co KPSC signed an agreement through one of its subsidiaries to acquire two investment properties.
• The total value of the transaction stands at around KD 4.1 million.
• The company has not yet disclosed details related to the location or type of the assets.
• The acquisition comes amid growing interest among Gulf real estate firms in income-generating properties.
• The deal is expected to support the company’s long-term investment and portfolio expansion strategy.Read more

15 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) recently participated in the World Economic Forum-linked Davos Baukultur Alliance Annual Meeting in Bern, Switzerland, highlighting Mumbai’s growing position in global urban development discussions. Representing MMRDA, Metropolitan Commissioner Dr. Sanjay Mukherjee engaged with international policymakers, infrastructure experts and World Economic Forum leadership on future-ready metropolitan planning, sustainable urbanisation and mobility-led growth. The discussions focused on integrated infrastructure, climate resilience, multimodal transport and investment-ready development models. The visit also strengthened MMRDA’s ongoing collaboration with the World Economic Forum and opened further discussions on expanding long-term institutional partnerships beyond 2026.Read more

15 May 2026

• NILE Hospitality has signed a 120-key Courtyard by Marriott property in Somnath, Gujarat, expanding branded hospitality presence in a key religious tourism destination.
• The hotel will cater to increasing visitor inflow to Somnath, one of India’s prominent pilgrimage centres.
• The development forms part of NILE Hospitality’s strategy to introduce global hospitality brands into emerging cultural and spiritual destinations.
• Company executives stated that the project is intended to enhance hospitality standards along the pilgrimage and tourism corridor.
• The signing reflects continued investor and operator interest in religious tourism-driven hotel markets across India.Read more

15 May 2026

Sri Lotus Developers and Realty Ltd reported an 11 per cent increase in consolidated net profit during the quarter ended March 2026, supported by higher income and continued activity across its real estate portfolio. The Mumbai-based developer posted consolidated net profit of INR 95.57 crore during the fourth quarter compared to INR 85.75 crore in the corresponding period last year. Total income for the quarter rose to INR 322.03 crore from INR 198.13 crore a year earlier. During the full financial year 2025–26, the company recorded consolidated net profit of INR 237.08 crore and total income of INR 818.71 crore. The latest performance reflects continued momentum in the residential real estate market, particularly across premium urban housing segments where organised developers have continued to witness steady demand and improved financial performance.Read more

15 May 2026

Aldar Properties and Abu Dhabi’s Department of Municipalities and Transport (DMT) have entered into a strategic public-private partnership to support the next phase of urban development in the emirate. The collaboration will focus on building integrated communities across Abu Dhabi with a wider range of housing options for residents. As part of the initiative, the partners will also work on activating an undeveloped island for the first time. The move comes as Abu Dhabi continues to expand residential infrastructure amid population growth, rising investor interest, and increasing demand for planned urban communities across the UAE capital.Read more

15 May 2026

Teams from the World Bank and Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the capital region. The delegation inspected road projects, smart city systems, labour welfare facilities and environmental safeguard measures being implemented by the Andhra Pradesh Capital Region Development Authority and associated agencies. Discussions also focused on sustainable urban development, employment opportunities for local youth and financing requirements for the next phase of Amaravati’s development. Meetings with banking institutions and advisory teams additionally examined long-term infrastructure funding strategies, PPP opportunities and project execution models for future expansion works.Read more

Neha Mahendra

15 May 2026

India needs to roughly triple its data centre capacity just to match China — and the capital, estimated at USD 20–25 billion over the next decade, has to land somewhere. Behind every gigawatt of compute is land, power, and connectivity, making this deficit one of the most consequential infrastructure stories in Indian real estate today.Read more

15 May 2026

Warehousing and industrial real estate platform Welspun One has signed a Letter of Intent with state-owned Balmer Lawrie & Co to sublease nearly 65,000 sq ft of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone near Mumbai. The agreement marks the first partnership between Welspun One and a central public sector undertaking across its portfolio. The facility is expected to become operational by early 2027 and will support Balmer Lawrie’s expansion into SEZ warehousing and port-linked logistics operations while strengthening its existing logistics and freight handling network at JNPA.Read more

15 May 2026

UK-based Picton Property Income has agreed to a GBP 403 million (USD 546.4 million) all-share takeover by a consortium comprising LondonMetric Property and Schroder Real Estate Investment Trust (REIT). The deal values Picton at 78.2 pence per share, representing a premium of around 7% over its previous closing price. Under the transaction, Picton shareholders will receive shares in both acquiring companies, allowing them to continue participating in the combined property portfolios. The acquisition is expected to strengthen the scale and market presence of LondonMetric and Schroder REIT in the UK real estate investment sector.Read more

15 May 2026

The Central Bureau of Investigation (CBI) has filed a chargesheet against Logix City Developers, several company directors, unknown officials of financial institutions and others in connection with an alleged homebuyers’ fraud case involving around INR 400 crore. The case relates to alleged diversion and misuse of funds collected from homebuyers for a residential project in Noida. According to the investigation agency, the accused allegedly entered into a criminal conspiracy to siphon off project funds and failed to utilise the money for construction and project completion. The case was registered following directions from the Supreme Court in matters linked to delayed housing projects and complaints by affected homebuyers. The CBI has alleged offences related to criminal conspiracy, cheating and criminal misconduct under provisions of the Indian Penal Code and the Prevention of Corruption Act.Read more

15 May 2026

Nxt-Infra Trust has reported its unaudited financial results for the quarter and half year ended 30 September 2025 while separately announcing plans to acquire an additional road asset, Calicut Expressway Private Limited (CEPL), from Actis Roadways Holdings Limited. The infrastructure investment trust reported total income of INR 3,143.84 million for the half year ended September 2025 and approved a distribution of INR 3.3128 per unit to unitholders. The InvIT, sponsored by Actis Highway Infra Limited, currently holds five road infrastructure subsidiaries and one joint venture acquired in 2024. The proposed CEPL acquisition forms part of the trust’s ongoing expansion of its operational road asset portfolio. The acquisition remains subject to execution of definitive agreements, fulfilment of conditions precedent and regulatory approvals.Read more

15 May 2026

Authorities have accelerated plans to widen a key stretch of the Nashik-Pune highway as part of infrastructure preparations for the upcoming Simhastha Kumbh Mela. The INR 221 crore project will expand the busy 6.4-km corridor from six lanes to ten lanes and add service roads and footpaths to improve traffic flow and pedestrian movement. The stretch is considered one of Nashik’s most congested routes and is expected to witness a sharp rise in vehicle movement during the religious gathering. The project is also linked to broader road, mobility and urban infrastructure upgrades currently underway across Nashik.Read more

Hyderabad News Desk

15 May 2026

Millenia WB Yield Fund, launched by WhiteBoard Advisory & Management and Casagrand, has made its first investment of INR 41 crore in a villa project in Hyderabad with an estimated revenue potential of nearly INR 400 crore. The SEBI-approved Category II AIF plans to raise INR 500 crore to fund residential developments across southern India, mainly in Hyderabad, Bengaluru and Chennai. The platform is targeting multiple investments during 2026 as institutional funding activity continues to rise in the housing sector amid sustained residential demand and increasing need for structured project financing.Read more

15 May 2026

• PSP Swiss Property reported an EBITDA margin of 84.6% and return on equity of 4.6% for the first quarter of 2026.
• Rental income increased 0.7% year-on-year to CHF 87.5 million, while the vacancy rate stood at 3.9% at the end of the quarter.
• The company maintained strong liquidity with unused committed credit lines of CHF 915 million during the reporting period.Read more

15 May 2026

The Central Bureau of Investigation has filed its seventh chargesheet in the ongoing builder-banker nexus investigation against Sequel Buildcon Pvt Ltd and its directors linked to the ‘The Belvedere’ project in Noida.
The agency alleged that homebuyers were misled through false assurances while funds collected from buyers and financial institutions were allegedly diverted.
Buyers reportedly neither received possession of flats nor refunds despite long delays in the project.
The case is part of a larger Supreme Court-monitored investigation into stalled NCR housing projects and alleged irregularities involving developers and housing finance institutions.Read more

15 May 2026

KKR & Co. Inc. has announced the sale of a Danish residential portfolio to Pears Global Real Estate Denmark as part of its continued portfolio management strategy in Europe. The transaction includes 213 residential units located in Copenhagen, one of Denmark’s strongest housing markets. While the financial details of the deal were not disclosed, the sale reflects ongoing investor interest in stable residential assets across key European cities. KKR has remained active in the European real estate market through acquisitions, developments and strategic exits across residential and logistics segments.Read more

15 May 2026

The National Highways Authority of India (NHAI) has delayed the opening of the Bhande Plot-Dighori flyover in Nagpur despite the structure nearing completion and earlier assurances that the corridor would become operational by the end of April 2026. The 2.2-km flyover forms part of the INR 998 crore Indora-Dighori elevated corridor project aimed at easing congestion across eastern Nagpur. NHAI has cited pending safety audits as the reason for withholding traffic movement on the corridor, although load testing on key spans has already been completed. Residents and commuters have raised concerns over worsening traffic congestion on Umred Road and questioned why partially completed stretches cannot be opened to reduce pressure on surface roads. The broader project, considered one of Nagpur’s largest urban infrastructure developments, remains scheduled for completion by June 2026.Read more

15 May 2026

Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income for the quarter ended March 2026, supported by higher leasing activity and improved occupancy across its office portfolio. The REIT declared a distribution of INR 456.43 crore, or INR 5.50 per unit, for the March quarter, taking total FY26 distributions to INR 1,516.17 crore. The company recorded gross leasing of 4 million sq ft during the financial year, while occupancy rose five per cent year-on-year. During the year, the REIT also acquired the Ecoworld office asset in Bengaluru to expand its portfolio scale and diversification. Brookfield India REIT currently manages 11 Grade A office assets across major Indian cities with a total leasable portfolio of 37 million sq ft.Read more

15 May 2026

• The Maharashtra government is drafting a new Land Titling Act that proposes mandatory property cards for all land parcels across the state, including official valuation details.
• Revenue Minister Chandrashekhar Bawankule stated that the proposed legislation is expected to be finalised by July and introduced during the upcoming monsoon session of the state legislature.
• The initiative aims to create a uniform and legally recognised ownership documentation system covering both urban and rural properties across Maharashtra.
• The proposed framework will supplement existing land records such as property cards and 7/12 extracts while also supporting the rollout of vertical property cards for apartment ownership documentation.
• The reform is intended to improve title clarity, reduce disputes, simplify property transactions, and strengthen transparency in the state’s real estate ecosystem.Read more

15 May 2026

• Delhi has operationalised its second Multi-Lane Free Flow (MLFF) barrier-less toll plaza at Mundka-Bakkarwala on the Urban Extension Road-II corridor.
• Union Road Transport and Highways Minister Nitin Gadkari inaugurated the project earlier this week as part of the Centre’s wider push for automated toll collection.
• The system uses Automatic Number Plate Recognition cameras and FASTag technology to allow vehicles to pass without stopping at toll booths.
• NHAI plans to expand the MLFF system to 17 toll plazas across nine states during the current financial year, with over 108 additional plazas planned by March 2027.
• The government expects the technology to reduce congestion, lower fuel consumption, improve highway efficiency and cut toll collection costs significantly.Read more

15 May 2026

• Indian Hotels Company Ltd reported a 14.71% year-on-year increase in consolidated net profit for the quarter ended March 2026, supported by growth across hotel operations and allied businesses.
• The Tata Group hospitality company posted a net profit of INR 645.43 crore compared with INR 562.66 crore in the corresponding period last year.
• Revenue from operations rose to INR 2,765.29 crore during the quarter, while total expenses also increased on an annual basis.
• The board has recommended a dividend of INR 3.25 per share, subject to shareholder approval at the upcoming annual general meeting.
• The company said growth was driven by higher hotel RevPAR, catering business expansion, management fees and new business segments.Read more

15 May 2026

The Maharashtra Registration and Stamps Department has revived a large-scale digitisation exercise aimed at converting nearly 30 crore pages of historical land and registration records into searchable digital archives. The initiative will cover records dating from 1865 to 2001, including physical registers, microfilms and CDs stored across sub-registrar offices and the Government Photographic Registration Office in Pune. Officials stated that the project will integrate historical records with the state’s e-search system using AI-enabled document management infrastructure, scientific restoration techniques and secure cloud storage. The digitisation programme is expected to simplify title verification, improve transparency in property transactions and reduce dependence on physical document retrieval. The move forms part of Maharashtra’s broader push towards digital land governance and paperless property administration.Read more

15 May 2026

• Goa’s Town and Country Planning (TCP) department has initiated review of fresh land conversion proposals covering more than 25,000 sqm across Bardez, Pernem, Salcete, and Bicholim under Section 39A of the TCP Act.
• The proposed changes involve conversion of land currently classified as natural cover, orchard land, and no-development-slope zones into settlement areas.
• The largest proposal has been submitted by KGL Realtors Pvt Ltd for conversion of 18,733 sqm at Salvador do Mundo in Bardez from natural cover to settlement zone.
• Additional applications linked to IRAP Infra LLP seek conversion of nearly 9,750 sqm in Morjim, Pernem, including portions categorised under orchard and no-development-slope areas.
• The proposals, approved by the TCP board for public review, are open for objections and suggestions for 30 days before further regulatory consideration.Read more

15 May 2026

• Google is evaluating investment opportunities in India across artificial intelligence infrastructure, server manufacturing and drone production, according to Ashwini Vaishnaw.
• The development follows groundwork for a proposed USD 15 billion AI hub in Visakhapatnam planned over the 2026–2030 period.
• The project includes a 1 GW hyperscale AI data centre being developed in partnership with Adani ConneX and Airtel Nxtra.
• Google has also expanded electronics manufacturing operations in India through partnerships with Foxconn, Dixon Technologies, HP and Flex for smartphone and Chromebook production.Read more

15 May 2026

• The Bombay High Court has dismissed an application filed by 52 tenants seeking to add a new developer to an ongoing redevelopment dispute involving Kamla Bhuvan in Ghatkopar West, Mumbai.
• The court also imposed costs of INR 5 lakh on the tenants, observing that the application appeared to be an attempt to pressure landlords through litigation despite the absence of a contractual agreement with the proposed developer.
• The redevelopment matter relates to a dilapidated building on LBS Marg that was demolished in 2018 after being declared unsafe.
• The tenants had argued that prolonged delays in the project and concerns over permanent rehabilitation prompted their request to include the new developer, BS Lifespace, in the proceedings.
• The ruling comes amid broader concerns over delays in Mumbai’s cessed building redevelopment projects, transit housing shortages, and prolonged legal disputes affecting redevelopment execution across the city.Read more

14 May 2026

Karnataka RERA has clarified that in joint development real estate projects, both landowners and developers will be held equally responsible for delays and non-compliance. The authority stated that landowners cannot escape liability when they are part of development agreements and benefit from the project. The clarification came after complaints from homebuyers regarding delayed possession and missing promised amenities. The ruling strengthens accountability under the RERA framework and ensures that responsibility for project execution and delivery is shared, improving protection for homebuyers in such developments.Read more

14 May 2026

• The Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand at an estimated cost of INR 4,474 crore.
• The Sainthia–Pakur and Santragachi–Kharagpur fourth-line projects will add around 192 km to the rail network.
• The projects, targeted for completion by 2030-31, aim to improve rail capacity and reduce congestion.
• The corridors will enhance connectivity across five districts and benefit around 1.47 crore people.
• The expansion will support freight movement of coal, cement, steel, foodgrains and petroleum products.Read more

14 May 2026

• NTPC is preparing to submit its first feasibility study for a standalone nuclear power project to the Department of Atomic Energy.
• The company is targeting at least 2 GW of nuclear power capacity by 2032 through independently developed projects.
• NTPC is conducting feasibility studies in multiple states and has received approval for a proposed study in Bihar’s Banka district.
• The company plans to develop around 30 GW of nuclear capacity across 14 states in line with India’s 100 GW nuclear power target by 2047.Read more

Mumbai News Desk

14 May 2026

The Mumbai Metropolitan Region Development Authority has progressed the consultant selection process for Metro Line 14, with technical bids from three firms admitted for evaluation under a tender for preparation and revision of the project’s detailed planning documents. According to tender records dated 13 May, RITES Ltd, SMEC International Pty Ltd and Tata Consulting Engineers Ltd have qualified in the technical stage of the bidding process. The tender covers appointment of expert consultants for peer review of the techno-economic feasibility study, revision of the project report, preparation of DPR estimates, surveys, bid documents and bid process management for Metro Line 14. The project forms part of MMRDA’s broader metro network expansion plans across the Mumbai Metropolitan Region.Read more

14 May 2026

• Puravankara Limited said its subsidiary, Starworth Infrastructure and Construction Limited, has received a Letter of Intent for a Westin hotel project.
• The contract value of the project stands at INR 578.1 million.
• The company did not disclose the location, execution timeline, or client details of the project.
• The order adds to Starworth Infrastructure’s growing construction and infrastructure portfolio.
• The development comes amid rising activity in India’s hospitality and premium hotel development sector.Read more

14 May 2026

• ASOS will sell its Lichfield fulfilment centre to Marks & Spencer for GBP 66 million, or nearly USD 90 million.
• The deal is expected to generate a one-time pre-tax profit of around GBP 85 million for ASOS.
• ASOS said the transaction will also help reduce annual cash operating costs by nearly GBP 6 million.
• The company is restructuring operations to cut excess capacity and simplify its business amid weak consumer spending and inflationary pressure.
• ASOS expects the transaction to be completed in the second half of fiscal year 2026, while its Atlanta facility will remain its only non-core asset.Read more

14 May 2026

The Supreme Court has set aside a Delhi High Court judgment that had directed the Centre to vacate residential premises at Sujan Singh Park in New Delhi occupied by the Directorate General of Health Services. The dispute relates to government occupation of apartments owned by Sujan Singh Park Property Owners Association and leased to the Union government since the 1970s for use as hostels and residential accommodation for doctors and medical staff. The apex court ruled that the High Court had exceeded its jurisdiction while directing eviction proceedings in a writ petition concerning payment disputes and lease terms. The matter has now been remanded for reconsideration of contractual and tenancy issues through appropriate legal proceedings. The judgment has implications for long-standing government occupancy arrangements in private residential properties in Delhi, particularly where lease agreements and public authority usage overlap with private ownership rights.Read more

14 May 2026

• Brigade Hotel Ventures plans to invest around INR 1,000 crore in Karnataka over the next five years towards new hospitality projects and modernisation of existing hotel assets.
• The company has also outlined a broader expansion strategy targeting addition of nearly 1,700 hotel keys with a planned capital outlay of approximately INR 3,600 crore under its “Vision 2031” roadmap.
• Separately, the company and Marriott International have launched the rebranded Courtyard by Marriott Kochi Infopark, formerly operating as Four Points by Sheraton Kochi Infopark.
• The 218-room hotel in Kakkanad, Kochi, is positioned to cater to business, MICE, and leisure travellers and includes over 8,000 sq ft of meeting and event space.
• The investment push reflects growing hospitality demand across Bengaluru, Mysuru, Kochi, and other South Indian urban and tourism markets amid expanding business travel and infrastructure-led regional growth.Read more