42 minutes ago

Vale do Lobo, the luxury resort in Portugal's Algarve region, has unveiled an expanded programme of sports, leisure and family-oriented activities for the summer season, reflecting growing demand for activity-led holidays among families. The resort's summer schedule includes junior golf and tennis academies, family entertainment programmes, live performances, cultural events and recreational facilities designed for visitors of all age groups. Located near Faro Airport, the destination is promoting a range of sports and lifestyle amenities alongside accommodation offers available through September. The initiative is aimed at families seeking holidays centred on active participation, skill development and shared experiences, with facilities spanning golf, tennis, swimming, mini golf, dining and outdoor recreation.Read more

1 hour ago

Arvind SmartSpaces Limited (ASL) has signed a joint development agreement for a residential plotted development project on the Kerala-Nalsarovar Road corridor in South Ahmedabad. Spread across 58.25 acres, the project will offer a saleable area of approximately 2.5 million sq ft and has an estimated revenue potential of around INR 180 crore. The acquisition strengthens the company’s presence in Ahmedabad’s horizontal housing market, where demand for plotted developments and second-home projects has been rising. The project aligns with ASL’s asset-light growth strategy and expands its portfolio in a micro-market benefiting from improving infrastructure connectivity and increasing residential interest.Read more

2 hours ago

• Inox Wind Ltd has signed a Memorandum of Understanding with Inox Clean Energy to supply 1,500 MW of wind turbines for renewable energy projects across India.
• The agreement covers the deployment of Inox Wind’s 3.3 MW and 4X MW turbine platforms, supporting Inox Clean Energy’s expanding renewable energy pipeline.
• Following the MoU, Inox Wind’s order book has surpassed 4.5 GW, strengthening its medium-term execution visibility.
• Inox Clean Energy is targeting an operational renewable energy portfolio of 14 GW by FY29, with the partnership expected to support faster project implementation.Read more

3 hours ago

ITC Hotels Limited has signed a management agreement for a 143-key Welcomhotel property in Ayodhya, strengthening its presence in Uttar Pradesh and expanding the footprint of its upper-upscale hospitality brand. The hotel will be developed on a four-acre site and is designed to cater to growing demand from religious and leisure travellers visiting the city. The property will feature guest rooms, suites, dining facilities, wellness amenities and more than 11,000 sq. ft. of banquet space. The signing follows recent Welcomhotel announcements in Bodh Gaya, Shirdi and Vrindavan and aligns with ITC Hotels’ strategy of expanding into emerging cultural and spiritual destinations. The move comes as Ayodhya continues to witness rising visitor numbers, supported by infrastructure upgrades, improved connectivity and ongoing urban development initiatives.Read more

4 hours ago

Knauf India has introduced Drystar, a fibre-reinforced gypsum board system designed for moisture-prone and high-humidity environments across residential, commercial, hospitality and healthcare projects. Announced in New Delhi, the product is intended for interior dry construction applications exposed to moisture, humidity and intermittent water contact. The board combines a moisture-resistant glass-fleece surface with an engineered gypsum core to enhance resistance to mould growth and water absorption. Classified under European standards for fire performance, strength and moisture protection, Drystar is aimed at washrooms, hospitals, hotels, airports, schools and other infrastructure projects requiring durable, fire-safe and moisture-resistant wall and ceiling systems. The launch forms part of Knauf India’s efforts to expand the availability of specialised building materials in the domestic construction market.Read more

5 hours ago

Today Group has launched Nova Ark, a Grade A+ commercial development in Nerul, Navi Mumbai, as part of its strategy to expand its commercial real estate portfolio. Spread across approximately 9.8 lakh sq ft on an 8,100 sq m land parcel, the project will offer office spaces ranging from 650 sq ft to 20,000 sq ft. Positioned within one of Navi Mumbai’s rapidly developing commercial corridors, Nova Ark is expected to benefit from upcoming infrastructure projects including Navi Mumbai International Airport, Metro Line 8, the International Corporate Park and the broader Mumbai 3.0 growth corridor, while catering to corporates, SMEs, startups and investors.Read more

6 hours ago

Mumbai-based nutrition company TruNativ has secured approximately USD 30 million in a Series B funding round led by global healthcare investor OrbiMed. The funding comprises a combination of primary capital infusion and secondary share sales by early investors. Founded in 2019, TruNativ plans to utilise the proceeds to strengthen its nationwide distribution network across direct-to-consumer, quick commerce, modern trade, pharmacy and retail channels, while expanding its B2B2C ingredients business. The investment reflects growing investor interest in India’s preventive healthcare and nutrition sector, where consumer demand for science-backed and clean-label products continues to rise. OrbiMed representatives will also join the company’s board as part of the transaction.Read more

7 hours ago

The Mumbai Metropolitan Region Development Authority’s (MMRDA) recently launched ‘BKC Weekly Public Transport Day’ has brought renewed attention to last-mile connectivity issues in Bandra-Kurla Complex (BKC), one of Mumbai’s largest commercial districts. While the initiative aims to encourage greater use of public transport and reduce private vehicle dependence, feedback from commuters has highlighted gaps in feeder services, pedestrian connectivity and access between transit stations and workplaces. Industry stakeholders and mobility experts have stated that achieving meaningful shifts towards public transport will require integrated planning that combines mass transit infrastructure with efficient last-mile solutions, multimodal connectivity and commuter-focused mobility systems.Read more

8 hours ago

Indian Railways has initiated renovation work on the historic Koilwar Bridge over the Sone river in Bhojpur district, Bihar. The structure, which links Arrah and Patna and carries both rail and road traffic, is being upgraded under the Danapur division of the East Central Railway. Built in 1862 during the British era, the bridge has served as a critical transport corridor for over a century. The ongoing project aims to strengthen its ageing superstructure, replace worn components and ensure safe operations for both rail and road users.Read more

9 hours ago

Sudarshan Chemical Industries Ltd has inaugurated its second global head office in Schwalbach am Taunus, near Frankfurt, Germany, following its acquisition of the Heubach Group in March 2025. The nearly 21,000 sq ft office will operate alongside the company's existing global headquarters in Pune and is intended to support collaboration across its integrated global operations. The facility underscores the company's expansion strategy and long-term commitment to the European market.Read more

10 hours ago

Punjab-based IIT Ropar's Centre of Excellence ANNAM.AI and US agribusiness company Syngenta have entered into a strategic collaboration to develop AI-powered climate-smart agriculture solutions for India. The Memorandum of Understanding (MoU) was signed during Bharat Innovates 2026 in Nice, France. The partnership aims to create crop health and pest forecasting systems, heat-stress models and AI-driven decision-support tools to help farmers make more informed and resilient agricultural decisions while promoting the adoption of next-generation technologies.Read more

10 hours ago

Canada’s housing market recorded a decline in construction activity in May, with housing starts falling 6 percent compared to the previous month. The seasonally adjusted annualised rate dropped to 261,377 units from a revised 278,380 units in April, according to data released by the Canada Mortgage and Housing Corporation. The fall was milder than market expectations, as economists had projected a sharper decline to around 255,000 units. The latest figures indicate that while residential construction is slowing, activity remains above some forecasts, reflecting mixed conditions in the housing sector.Read more

11 hours ago

PropTech platform Houssed.com has expanded its operations to 40 cities across India with the addition of seven new markets—Rajkot, Vijayawada, Jodhpur, Mysore, Guwahati, Dehradun and Thiruvananthapuram. The expansion strengthens the company’s presence in emerging Tier-2 and Tier-3 cities, where housing demand is being driven by infrastructure development, employment growth and increasing digital adoption. Houssed currently serves more than 100,000 customers each month and works with a network of over 1,000 verified real estate agents nationwide. The company said the move is aimed at addressing challenges such as limited property inventory visibility, unverified listings and fragmented housing services in smaller cities, while improving access to verified residential properties and local real estate expertise.Read more

11 hours ago

Some monuments are remembered for their beauty, while others are remembered for the ideas they introduced. Across different centuries, a select group of Indian landmarks transformed construction techniques, architectural styles, and urban planning. From carving an entire mountain into a temple to designing buildings that naturally cooled themselves, these structures became milestones that influenced generations of architects. This journey explores the monuments that didn't just stand the test of time they changed the way India was built.Read more

12 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Gram Sabha in Nowlur village as part of the ongoing land acquisition process for Amaravati's development. Senior APCRDA officials interacted with farmers and residents, explaining the progress of land pooling, infrastructure development and acquisition procedures. Authorities informed landowners that those included in the acquisition notification still have an opportunity to voluntarily join the Land Pooling Scheme within the prescribed period. APCRDA also assured villagers that concerns related to land, development and civic infrastructure would be examined in line with government policies and planning objectives.Read more

12 hours ago

GAP Group has announced the launch of what it describes as Dholera’s first dedicated co-working facility within its Akhilam Township in the Dholera Special Investment Region (SIR), Gujarat. Spread across 4,128.92 square metres in a G+1 structure, the development is located directly opposite the upcoming Tata Semiconductor Fab and is scheduled to become operational by October 2026. Designed as a plug-and-play workspace, the facility aims to support semiconductor companies, vendors, EPC contractors, consultants and project teams establishing operations in the region. The project includes a 400-seat co-working space, conference facilities, food court, executive cabins and training areas. The launch comes amid increasing industrial activity in Dholera, where large-scale manufacturing and infrastructure investments are driving demand for supporting commercial and business infrastructure.Read more

13 hours ago

India’s REIT and InvIT market could attract an additional INR 11.6 trillion in investments over the next five years, taking total assets under management (AUM) beyond INR 20 trillion by 2030, according to a report by Avendus Capital. The report highlights growing participation from domestic mutual funds, insurance companies and pension funds, alongside increasing opportunities across infrastructure and real estate sectors. It estimates that domestic institutional investors alone have an incremental investment opportunity of around INR 7 trillion under existing regulatory limits. As India’s REIT and InvIT ecosystem expands across sectors such as office, retail, roads, renewables, transmission and logistics, the asset class is expected to play a larger role in channelising long-term capital into income-generating real estate and infrastructure assets.Read more

13 hours ago

GHR Infra has commenced Phase 1 handovers at GHR Callisto, its residential development in Kollur, West Hyderabad, marking a key delivery milestone for the 1,190-apartment project. Spread across 8.3 acres, the IGBC pre-certified Gold-rated development comprises four towers and 11 wings, offering 2, 2.5, 3 and 4 BHK apartments. Apartment sizes start from 1,195 sq. ft., with public pricing for standard units beginning at approximately INR 83 lakh. The project incorporates smart home automation, sustainability features and a 50,000 sq. ft. clubhouse. Located in Hyderabad’s western growth corridor, GHR Callisto benefits from connectivity to the Outer Ring Road and major employment hubs, including the Financial District and Gachibowli. The handover marks the transition of the project from construction to occupancy as homeowners begin preparing their residences for move-in.Read more

14 hours ago

The Securities and Exchange Board of India (Sebi) has issued a new framework allowing Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their prescribed fund life under specific circumstances, including pending litigation, regulatory demands and residual operational obligations. The regulator has also introduced an ‘Inoperative Fund’ category for AIFs that have liquidated all investments but continue to hold retained funds or remain registered due to unresolved liabilities. The measures follow regulatory amendments notified in April and are intended to provide operational flexibility during the winding-up process. The framework imposes investor approval requirements, restrictions on fund activities and annual reporting obligations, while also extending similar provisions to Venture Capital Funds registered under earlier regulations.Read more

15 hours ago

The Delhi government has cleared 116.6 metric tonnes of waste from Yamuna ghats through a large-scale cleanliness drive conducted across 28 locations under the ‘Maa Yamuna Tat Swachhta Abhiyan’. The campaign brought together more than 15,000 participants, including government officials, civic agencies, resident welfare associations, NGOs and volunteers. The initiative forms part of broader efforts to improve the river’s condition through waste removal, public awareness and community participation, while encouraging citizens to adopt responsible practices to support the long-term rejuvenation of the Yamuna.Read more

16 hours ago

Precinct Properties New Zealand announced that it has entered into a partnership with global investment firm PAG through the sale of a 50% interest in Auckland’s PwC Tower for NZD 600 million (USD 349.26 million). The transaction structure includes a deferred payment period of 18 months after settlement and a price adjustment mechanism linked to the five-year swap rate. The company stated that it will continue holding the remaining 50% stake while managing the asset. The deal is expected to be close to book value, with settlement likely in the first half of FY27, along with continued progress on its Downtown development plans.Read more

17 hours ago

TRG Group has completed 11 years in the real estate sector, marking a milestone in its expansion across the National Capital Region. The company said its growth has been driven by a focus on transparency, customer-centricity, timely execution and sustainable development. A key part of its portfolio is TRG The Mall, a commercial project designed to integrate retail, entertainment, dining, wellness and business spaces within a single destination. The development has attracted interest from several national and international food and beverage brands and has also seen encouraging investor response to its commercial offerings. As the company enters its next phase of growth, it plans to continue focusing on integrated commercial developments, technology adoption and customer engagement to address evolving market requirements.Read more

18 hours ago

Apollo Commercial Real Estate Finance, part of the listed REIT sector focused on commercial property lending, has decided to liquidate its assets and dissolve the company after completing a major portfolio transaction earlier this year. The company had sold its large commercial real estate loan portfolio to Athene Holding, resulting in significant cash inflows and a strategic review of its future operations. Following this, the board approved a dividend of USD 3.75 per share, largely treated as return of capital, to be paid to shareholders on July 15. The move marks the end of its operating structure and transition into wind-down mode.Read more

19 hours ago

• The Kerala Maritime Board (KMB) has invited bids for the development of a minor port at Vizhinjam through a public-private partnership (PPP) framework.
• The proposed project is intended to complement the nearby Vizhinjam International Seaport and strengthen Kerala’s maritime infrastructure ecosystem.
• The selected private developer will be responsible for designing, financing, constructing, operating and maintaining the facility under a long-term concession arrangement.
• The initiative forms part of broader efforts to expand port-led development, enhance cargo-handling capabilities and support growing maritime trade along Kerala’s coastline.Read more

20 hours ago

Alliance City Developers has commenced the handover of apartments at Alliance Vista, its residential project on Shraddhanand Road in Vile Parle East, Mumbai. The development is approaching the possession stage, with homebuyers completing final formalities before moving into their residences. The project comprises boutique 2 BHK and 4 BHK apartments with RERA carpet areas ranging from 554 sq ft to 1,117 sq ft. The milestone follows the handover of Alliance Eternis in Borivali West earlier in 2026 and reflects the developer’s focus on project delivery and execution. Located in one of Mumbai’s established residential micro-markets, Alliance Vista offers connectivity to key transport corridors, commercial centres and social infrastructure while incorporating lifestyle and recreational amenities within the development.Read more

21 hours ago

Real estate industry executives believe the recent US-Iran peace agreement could have a favourable impact on India’s residential property market by reducing global economic uncertainty and easing inflationary pressures. Industry stakeholders said the reopening of the Strait of Hormuz could help stabilise energy and commodity prices, improving the broader macroeconomic environment. Developers expect the development to provide greater flexibility for the Reserve Bank of India (RBI) on interest rates, supporting housing affordability and consumer sentiment. According to industry representatives, improved economic visibility and stable borrowing conditions may encourage first-time buyers, end-users and prospective purchasers who have delayed purchase decisions to re-enter the market, potentially supporting residential sales momentum across housing segments in the coming quarters.Read more

22 hours ago

India's wind energy sector is strengthening its manufacturing capabilities and global competitiveness, Union Minister for New and Renewable Energy Pralhad Joshi said while launching the WT-MARUT portal on Global Wind Day. The digital platform will enable end-to-end tracking of wind energy components across the supply chain, improving traceability and compliance. During the event, the minister also released industry reports, honoured key stakeholders and unveiled Suzlon Energy's new S175 (5 MW) wind turbine, designed to enhance energy generation and expand viable wind project locations.Read more

23 hours ago

Mumbai’s real estate sector is facing fresh challenges after the Brihanmumbai Municipal Corporation (BMC) suspended water supply to construction sites and imposed a 20% cut on commercial and industrial consumption amid declining reservoir levels. With water stocks in the city’s seven lakes dropping to 10.35% of total capacity, developers have warned that prolonged restrictions could affect construction schedules, increase project costs and impact housing deliveries. Industry stakeholders are urging authorities to facilitate access to treated water, streamline approvals for alternative sources and provide regulatory support to minimise disruption across ongoing projects in Mumbai and the Mumbai Metropolitan Region.Read more

Mumbai News Desk

19 Jun 2026

• A fire that broke out in a residential high-rise in Bandra West resulted in one fatality and injuries to two firefighters.
• The blaze originated on an upper floor of the building, prompting a large-scale emergency response.
• Firefighters carried out rescue and evacuation operations while battling the flames for several hours.
• Authorities have launched an investigation to determine the cause of the incident.
• The tragedy has once again highlighted the importance of fire safety preparedness in Mumbai’s high-rise residential buildings.Read more

19 Jun 2026

Mumbai's infrastructure landscape is set for another transformation as MMRDA modifies the design of the Orange Gate twin-tunnel project to reclaim land along Marine Drive and improve traffic capacity in South Mumbai. The revised plan is expected to create additional road space, strengthen east-west connectivity and complement the city's long-term underground mobility strategy. The move comes as tunnelling work on the Orange Gate corridor advances, positioning the project as a key component of Mumbai's future transport network.Read more

19 Jun 2026

Electric vehicle manufacturer Tesla has opened its first Experience Centre in Hyderabad, marking its fifth customer-facing facility in India. The new centre allows visitors to explore the 2026 Model Y Premium Rear-Wheel Drive and Model Y L through guided product demonstrations and interactive vehicle experiences. Alongside the showroom launch, Tesla has commenced vehicle delivery and after-sales operations from its facility in the Bollaram Industrial Area near Hyderabad. The facility will cater to customers across Telangana and forms part of the company’s expanding direct-to-consumer network in India. With existing Experience Centres in Bengaluru, Mumbai, Delhi and Gurugram, the Hyderabad opening further strengthens Tesla’s physical presence in one of the country’s key technology and automotive markets.Read more

19 Jun 2026

The Municipal Corporation of Delhi (MCD) recorded its highest-ever annual revenue of INR 14,549.06 crore in FY2025-26, reflecting a 17.27% increase over the previous financial year. The growth was driven by higher collections from property tax, property transfer charges, advertisements, parking operations and leased municipal assets. MCD’s own revenue rose nearly 20% to INR 11,239.24 crore, while grants and revenue support from the Delhi government also increased. The performance comes despite the civic body continuing to carry liabilities exceeding INR 15,000 crore. Property tax and transfer charges remained the largest revenue contributors, while improved taxpayer participation and stronger non-tax income streams supported collections. The figures highlight the growing importance of municipal revenue generation in funding urban infrastructure and civic services across the national capital.Read more

19 Jun 2026

Following its independent stock market listing, Vedanta Power has outlined plans to diversify beyond thermal power by evaluating opportunities in hydroelectric power, battery energy storage and nuclear energy. The company aims to strengthen its position in India's growing energy sector while expanding generation capacity over the coming years. Alongside its listing on the BSE and NSE, Vedanta Power has set a long-term target of reaching 20 GW capacity and becoming one of India's top three private power producers. The company also plans significant capacity additions through brownfield expansion projects.Read more

Chennai News Desk

19 Jun 2026

• The Tamil Nadu government has authorised the Chennai Metropolitan Development Authority (CMDA) to independently approve high-rise building proposals in Chennai.
• The decision follows administrative directions to simplify and speed up the planning permission process for multi-storey developments.
• Previously, such approvals required multiple layers of clearance, including from state-level planning bodies, leading to procedural delays.
• The reform is aimed at improving efficiency in urban development governance and enabling faster decision-making for high-rise construction activity in the Chennai metropolitan region.Read more

Ahmedabad News Desk

19 Jun 2026

Ahmedabad’s residential property market is set for a price increase of 5–10 per cent from 1 July, driven by a sharp rise in construction costs across key input materials. Developers in the city have indicated that escalating prices of steel, cement, and other building components, coupled with global supply disruptions, are compelling a revision in housing rates. Industry stakeholders, including developer bodies, attribute the cost escalation partly to geopolitical tensions affecting supply chains. The revision is expected to impact both ongoing and new residential projects across Ahmedabad.Read more

19 Jun 2026

The National Stock Exchange (NSE) has filed draft papers with the Securities and Exchange Board of India (SEBI) for its long-awaited initial public offering, which is estimated to raise around INR 30,000 crore through an offer for sale by existing shareholders. The proposed issue, involving the sale of 14.89 crore shares, is expected to become the largest IPO in Indian capital market history, surpassing Hyundai Motor India’s INR 27,870 crore offering. The filing marks a significant step towards the listing of India’s largest stock exchange after nearly a decade of regulatory delays linked to governance concerns and the co-location matter. Major shareholders including State Bank of India, Canada Pension Plan Investment Board and several public-sector insurers will dilute holdings, while Life Insurance Corporation of India will retain its stake.Read more

19 Jun 2026

• The Bombay High Court has expressed strong displeasure over the BMC's prolonged failure to remove encroachments in Powai.
• The court issued a notice to the municipal commissioner while questioning the civic body's handling of the matter.
• Judges criticised the reasons cited by officials for the delay, describing them as inadequate.
• The case highlights growing judicial scrutiny of delays in addressing illegal constructions and encroachments across Mumbai.Read more

Mumbai News Desk

19 Jun 2026

The Maharashtra government has appointed Vijay Singhal, Managing Director of the Maharashtra State Road Development Corporation (MSRDC), as Officer on Special Duty (OSD) for the Dharavi Redevelopment Project as part of a wider bureaucratic reshuffle. Singhal will continue to hold his existing role while overseeing one of India’s largest urban renewal initiatives. The appointment comes as the state advances rehabilitation, infrastructure and planning activities linked to the redevelopment of Dharavi in Mumbai.Read more

19 Jun 2026

Sentiment among U.S. homebuilders declined in June as rising mortgage rates, higher construction material costs and ongoing affordability concerns continued to pressure the housing sector. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell below expectations, extending a prolonged period of weak builder confidence. Elevated borrowing costs and costlier materials have reduced demand, prompting more builders to offer price cuts and sales incentives to attract buyers. The latest survey highlights the continued challenges facing the U.S. housing market despite a significant housing supply shortage across the country.Read more

19 Jun 2026

Indian Railways has approved the installation of Kavach Version 4.0 across 598 route kilometres covering 48 block sections of the Ahmedabad Division of Western Railway in Gujarat, at a sanctioned cost of INR 140 crore. The project, approved under the umbrella programme for Kavach deployment with an LTE-based communication backbone on balance routes, covers the remaining sections of the division not previously brought under the system. With 702 route kilometres already sanctioned earlier, the fresh approval completes Kavach coverage across the entire Ahmedabad Division, furthering Indian Railways' network-wide safety modernisation drive.Read more

19 Jun 2026

• Tulip Infratech has announced an investment of INR 1,100 crore for the construction of a new luxury residential project in Gurugram.
• The development will be located in Sector 71 and is expected to cater to rising demand for premium housing in the National Capital Region.
• The company plans to fund the project through a combination of internal accruals and customer collections during the construction phase.
• The investment reflects continued confidence among developers in Gurugram's high-end residential market despite evolving economic conditions.Read more

19 Jun 2026

Himalia Prime Assets, an asset development and management platform backed by private equity firm Jupiter Capital, has acquired the Our Native Village Eco Resort near Bengaluru for INR 25 crore. The transaction includes a 4.65-acre property comprising a 24-key operational resort spread across three acres and an additional 1.65 acres earmarked for future expansion. The company plans to invest at least another INR 25 crore over the next two years to upgrade the property, enhance operational capabilities and increase room inventory to 40 keys. Himalia has also partnered with luxury wellness brand Niraamaya Life to manage the resort’s operations, further expanding its hospitality portfolio, which now comprises three resort assets across southern India.Read more

19 Jun 2026

An international arbitration tribunal has rejected most of Ukraine’s claims against Russia regarding control of the Kerch Strait, while finding that Moscow breached certain maritime obligations during the construction of the Crimea Bridge. The case, filed by Ukraine after Russia began building the bridge linking mainland Russia with Crimea, was heard by the Permanent Court of Arbitration in The Hague. Although the tribunal ruled that Russia failed to conduct adequate environmental assessments during construction, it dismissed the majority of Kyiv’s claims on procedural grounds. No compensation was awarded, and both countries were directed to bear their own legal expenses.Read more

19 Jun 2026

Essel Group Chairman Subhash Chandra has sold a nearly three-acre bungalow on Bhagwan Das Road in New Delhi’s Lutyens’ Bungalow Zone (LBZ) for INR 1,260 crore, according to sources familiar with the transaction. The property has been acquired by a Delhi-based business family, though the buyer’s identity has not been disclosed. The transaction, expected to be completed by early December, ranks among the highest-value residential property deals reported in India in recent years. Chandra had acquired the property in 2015 for INR 304 crore, reflecting a more than fourfold increase in value over the past decade. The deal highlights sustained demand for trophy residential assets in Lutyens’ Delhi, one of the country’s most expensive and tightly held real estate markets.Read more

Pune News Desk

19 Jun 2026

Pune’s public transport network could soon become more seamless as Maha Metro and PMPML explore a unified ticketing system that would allow passengers to travel across Metro and bus services using a single ticket. The proposal is aimed at improving last-mile connectivity, simplifying transfers and encouraging greater use of public transport. Building on existing feeder bus initiatives and integrated mobility efforts, the plan seeks to create a smoother travel experience while strengthening coordination between the city’s key transit networks.Read more

19 Jun 2026

Navi Mumbai International Airport is expected to begin international passenger and cargo operations from July 15, marking a significant step in the expansion of aviation infrastructure in the Mumbai Metropolitan Region. The airport operator said international freighter services will commence first, with plans to scale up to around 18 weekly cargo flights. International passenger services are also expected to start on the same day, with Air India Express and IndiGo set to operate flights. The airport, which began domestic operations last year, is witnessing steady traffic growth and has also earned global recognition for its design.Read more

19 Jun 2026

The Bombay High Court on 8 June 2026 revoked a probate granted in 2009 in respect of a residential flat at Bueno Vista, Windy Hall Lane, Colaba, Mumbai, after finding that the existence of a surviving heir had not been disclosed during the original proceedings. Arnold Samson, a Sweden-based son of the deceased Rosalind Samson who passed away in February 2008, successfully established a prima facie case before Justice N.J. Jamadar that he had been denied an opportunity to contest the original probate petition, prompting the court to restore the matter for a fresh determination.Read more

19 Jun 2026

Knowledge Realty Trust has approved plans to raise up to INR 20 billion through a combination of non-convertible debentures (NCDs) and commercial papers. The fundraising, cleared by the trust through private placement and short-term debt instruments, is aimed at strengthening its financial flexibility and supporting future funding requirements. The move comes as real estate investment platforms increasingly tap debt markets to diversify capital sources, manage liquidity, and support growth plans amid continued demand for high-quality commercial real estate assets across key Indian markets.Read more

19 Jun 2026

China’s residential property market remained under pressure in May, with new home prices recording a steeper monthly decline as demand continued to stay weak despite signs of stability in some major cities. Data showed that property sales, investment, construction activity and developer financing all weakened further during the first five months of the year. While top-tier cities such as Shanghai, Shenzhen and Guangzhou posted modest price gains and resale housing markets showed some improvement, smaller cities continued to face oversupply challenges and slower inventory absorption, keeping overall market sentiment subdued.Read more

19 Jun 2026

Lubrizol and Grasim Industries Ltd have inaugurated a Chlorinated Polyvinyl Chloride (CPVC) resin manufacturing facility at Vilayat in Gujarat’s Bharuch district, strengthening domestic production capabilities for a key raw material used in construction and infrastructure applications. The facility was inaugurated by Gujarat Chief Minister Bhupendra Patel in the presence of senior executives from both companies and state officials. CPVC resin is widely used in plumbing systems, water management networks, fire safety infrastructure and industrial piping. The new plant is expected to support rising demand from India’s infrastructure, real estate and building materials sectors, while contributing to local manufacturing capacity for specialised construction materials.Read more