54 minutes ago

Residents of Aura Homes in Zirakpur have raised concerns over persistent waterlogging and the non-completion of several promised amenities, alleging that the issues have continued for years despite repeated assurances. Homebuyers claim that critical infrastructure, including the internal drainage system, clubhouse and landscaped park, remains unfinished even after most units in the project were sold. The residents have approached the Punjab Urban Planning Development Authority (PUDA) and local civic authorities, seeking inspections, completion of pending works and action against the developer. The incident has also highlighted the importance of timely project delivery and regulatory compliance in residential developments.Read more

1 hour ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has directed officials to implement a series of immediate measures aimed at improving road safety in Amaravati amid ongoing construction activity. APCRDA Commissioner V. Vijaya Ramaraju held a review meeting with traffic police, RTO officials and other departments, issuing instructions to regulate heavy vehicle movement, strengthen traffic enforcement and improve monitoring. The measures include speed control, QR code-based vehicle tracking, deployment of additional traffic personnel, alternative routes for construction vehicles and restrictions on heavy vehicle movement during peak commuting hours.Read more

17 Jul 2026

The National Green Tribunal (NGT) has directed the Ghaziabad District Magistrate to ensure that no illegal construction takes place in the 200-acre Sai Upvan forest area until the next hearing in September. The interim order was issued while hearing a petition alleging unauthorised construction, earth filling and other non-forest activities within the designated city forest. The tribunal observed that immediate intervention was necessary to prevent further environmental damage while the matter is under consideration. The case concerns the protection of one of Ghaziabad's key urban green spaces, which has been earmarked as a city forest under the Ghaziabad Master Plan 2031.Read more

17 Jul 2026

Skanska has secured a contract worth about SEK 1 billion to build a new city campus for Kristianstad University in Sweden. The project, awarded by Boulevardfastigheter AB, will provide a modern education and research facility designed to serve around 13,000 students and 550 staff members. The development also places strong emphasis on sustainability through the reuse of construction materials from the adjacent Galleria Boulevard. Construction is scheduled to begin in early August 2026, with completion targeted for June 2029, and the contract will be recorded in Skanska’s third-quarter 2026 order bookings.Read more

17 Jul 2026

Gujarat Chief Minister Bhupendra Patel reviewed the progress of commercial, residential and social infrastructure projects under development at Gujarat International Finance Tec-City (GIFT City) during a high-level meeting held in the past week. The review covered the financial hub's Strategic Roadmap-2030, future expansion plans and ongoing construction activities. Senior officials briefed the Chief Minister on the city's development priorities, including business growth, infrastructure expansion, talent development and global connectivity. Patel inspected key project sites and emphasised the need to sustain development momentum as GIFT City continues to evolve into an international financial and business centre. He said the financial hub would play an important role in supporting the vision of Viksit Bharat 2047 while reinforcing Gujarat's position in the global economy.Read more

17 Jul 2026

Larsen & Toubro has proposed an expansion of approximately INR 1,100 crore at its Kattupalli shipyard near Chennai, adding new fabrication units, assembly shops, paint and blasting bays, warehousing, office and residential buildings, and a skill development centre. The project, to be developed on the company's existing 892.11-acre site, aims to help the yard reach the ship-building, repair and modular fabrication capacity permitted under earlier environmental clearances. Work is expected to begin in October 2025 and be completed over three years.Read more

17 Jul 2026

New Zealand's housing market remained largely stable during the past month, with median house prices showing limited movement despite mixed regional performance. Data from the Real Estate Institute of New Zealand (REINZ) indicated that while annual prices recorded a marginal increase, home sales declined on both a monthly and yearly basis. The South Island continued to outperform several other regions, while Wellington remained subdued. The market is also adjusting to a higher interest rate environment following the Reserve Bank of New Zealand's recent policy rate increase.Read more

17 Jul 2026

British International Investment (BII) has partnered with the Emerging Africa & Asia Infrastructure Fund (EAAIF) to strengthen financing for Blueleaf Energy’s renewable energy projects in India. Under the agreement, EAAIF will participate in half of BII’s USD 75 million mezzanine debt facility, supporting the development of 850 MW of greenfield renewable energy capacity. The partnership aims to attract more private investment into climate infrastructure while supporting India's clean energy goals. The deal also expands EAAIF’s renewable energy investments in India and reflects growing collaboration between development finance institutions and institutional investors.Read more

17 Jul 2026

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration received from the transfer of redevelopment rights should be taxed under the capital gains provisions of the Income-tax Act instead of being treated as 'Income from Other Sources'. The tribunal also observed that taxpayers may be eligible to claim exemption under Section 54EC, subject to statutory conditions. The ruling is expected to bring greater certainty to the tax treatment of redevelopment transactions and could influence similar cases involving property owners and redevelopment agreements.Read more

17 Jul 2026

Waaree Energies Ltd has commenced operations at a battery energy storage system (BESS) container manufacturing facility in Gujarat through its subsidiary, Waaree Energy Storage Solutions Pvt Ltd. The facility has an annual manufacturing capacity of 5.15 GWh, an increase from the originally planned 3.5 GWh, following improvements in production throughput and battery cell energy density. The company also outlined plans to expand its BESS container manufacturing capacity to 20 GWh over time. The development forms part of Waaree's strategy to strengthen domestic energy storage manufacturing as demand for grid-scale storage solutions grows alongside India's renewable energy capacity additions.Read more

17 Jul 2026

• A CRISIL report estimates that India's non-sovereign debt could rise from about 84% of GDP in fiscal 2026 to nearly 150% by 2047, in line with debt levels seen in developed economies during periods of rapid economic transformation.
• The report says achieving the Viksit Bharat vision of a USD 30 trillion-plus economy will require significantly deeper debt capital markets, as banks alone may not be able to meet the country's growing financing needs.
• It recommends expanding the corporate bond market by broadening the issuer base, increasing investor participation, strengthening secondary market liquidity and encouraging investments in mid-rated corporate bonds.
• CRISIL also advocates developing securitisation, covered bonds and municipal bond markets, alongside regulatory reforms to channel long-term capital into infrastructure, housing and urban development.Read more

17 Jul 2026

New York has become the first US state to impose a temporary moratorium on the construction of large data centres, introducing a one-year ban on new facilities with power requirements of 50 megawatts or more. Announced by Governor Kathy Hochul, the measure aims to assess the environmental, infrastructure and economic impacts of hyperscale data centres amid growing concerns over electricity demand, water consumption and rising utility costs. During the moratorium, the state will prepare a Generic Environmental Impact Statement and develop uniform standards for future projects. The move places New York at the centre of a national policy debate as several US states consider stricter oversight of data centre development driven by rapid growth in artificial intelligence infrastructure.Read more

17 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved the transfer of land occupied by the BEST Undertaking's Dharavi and Kalakilla bus depots for the Dharavi Redevelopment Project after a majority vote in the civic body's general meeting.
• The decision covers an 11.58-acre land parcel and includes the construction of temporary and permanent multi-storey bus depots to ensure continuity of public transport services.
• Opposition corporators objected to the proposal, raising concerns over the transfer of public land and the impact on BEST's operations.
• The approval marks another step in land consolidation for the Adani Group-led Dharavi Redevelopment Project, one of India's largest urban renewal initiatives.Read more

17 Jul 2026

The Rampur Development Authority (RDA) has ordered the demolition of 38 out of 40 buildings at Mohammad Ali Jauhar University in Rampur, Uttar Pradesh, after determining that the structures were constructed without approved building plans. The order, issued under Section 27(1) of the Uttar Pradesh Urban Planning and Development Act, 1973, follows a hearing in which the university's explanation was rejected. Authorities have given the university management 15 days to voluntarily remove the allegedly unauthorised buildings, failing which the RDA will carry out the demolition. Officials said only two buildings on the campus had sanctioned plans obtained from the erstwhile district panchayat. The action forms part of the state's ongoing enforcement against unauthorised constructions and follows the university campus coming under the jurisdiction of the Rampur Development Authority in 2024.Read more

17 Jul 2026

Aurum PropTech Ltd has announced the acquisition of online property platform Housing.com from Australia's REA Group through an all-equity transaction, marking another significant consolidation in India's proptech sector. Under the agreement, Aurum PropTech will acquire a 100% stake in Housing.com by issuing 1,97,93,309 equity shares, representing around 20.5% of its enlarged share capital. Following the transaction, REA India's shareholding in Aurum PropTech will rise to 24.9%. The acquisition follows Aurum's earlier purchase of PropTiger and is intended to create an integrated digital real estate platform spanning property search, transactions, financing, rentals and property management. The combined platform is expected to strengthen Aurum's presence across multiple segments of the residential real estate ecosystem.Read more

17 Jul 2026

The Supreme Court has agreed to examine an Enforcement Directorate (ED) petition challenging the transfer of the Amrapali Group money laundering case from a designated Prevention of Money Laundering Act (PMLA) court in Delhi to a special court in Lucknow. The matter, listed for hearing during the past week, concerns the jurisdiction for trial proceedings arising from the agency's investigation into the alleged diversion of homebuyers' funds by the real estate developer. The ED has argued that the transfer could affect the progress of the case, which stems from directions issued by the Supreme Court during its investigation into the Amrapali Group. The outcome of the proceedings is expected to determine the appropriate forum for conducting the trial under the PMLA while ensuring continuity in the long-running case.Read more

17 Jul 2026

Prestige Estates Projects Ltd reported residential sales bookings of INR 6,579.3 crore for the first quarter of FY27, a 46% decline from the record INR 12,126.4 crore achieved in the corresponding period last year, primarily due to a high base created by a major launch in the Delhi-NCR market. The Bengaluru-based developer sold 6.04 million sq ft across 3,337 units during the quarter, with Hyderabad contributing nearly half of total pre-sales. The company completed three projects covering 4.37 million sq ft and maintained its FY27 pre-sales guidance of INR 35,000–36,000 crore. Prestige Group also highlighted its extensive development pipeline comprising 135 projects spanning 227 million sq ft across multiple markets.Read more

17 Jul 2026

Saba Capital Management has increased its shareholding in UK flexible office provider Workspace Group to 29.1%, making it the company's largest shareholder and reinforcing its campaign for strategic and governance changes. The latest investment comes ahead of Workspace's annual general meeting later this month, where Saba has proposed replacing the company's non-executive directors and advocated a property disposal programme. The increased holding leaves the activist investor just below the 30% threshold that would trigger a mandatory takeover offer under UK takeover regulations. Workspace has urged shareholders to reject Saba's proposals, arguing that its strategy would not support the company's long-term interests.Read more

Lucknow News Desk

17 Jul 2026

• The Lucknow Development Authority (LDA) will prepare a GIS-based Master Plan 2051 for the Uttar Pradesh State Capital Region (SCR).
• The comprehensive plan will guide long-term urban growth, infrastructure expansion, land use and environmental conservation across the region.
• Advanced geospatial technology will be used to create a digital planning framework, improving decision-making and project implementation.
• The initiative is expected to support coordinated development across districts while accommodating future population and economic growth.Read more

17 Jul 2026

WeWork India reported a consolidated net loss of INR 4.30 crore for the first quarter of FY27, as higher operating expenses offset growth in revenue. The coworking operator's total income increased to INR 700.74 crore during the April–June quarter from INR 545.71 crore in the corresponding period last year. Operational expenditure also rose to INR 704.77 crore from INR 559.46 crore. Although the company remained in the red, its quarterly loss narrowed significantly compared with the net loss of INR 14.10 crore reported in the year-ago period, reflecting improved financial performance amid continued business expansion.Read more

17 Jul 2026

ITC Hotels Ltd reported a 36% year-on-year increase in consolidated net profit to INR 181.91 crore for the quarter ended 30 June 2026, supported by higher revenues across its hospitality business. Consolidated revenue from operations rose to INR 936.02 crore from INR 815.54 crore a year earlier, while hotel business revenue reached INR 881.06 crore. The company also recorded revenue from its newly launched branded residences business. Alongside its financial results, the board approved the acquisition of GHK Hospitality & Infrastructures Ltd at an enterprise value of INR 155 crore. The acquisition will enable ITC Hotels to expand its owned hotel portfolio in Ahmedabad by acquiring GHK, which owns the 130-key Welcomhotel Ahmedabad, currently operated by the company under an operating services agreement.Read more

17 Jul 2026

Scandic Hotels reported a 3.5% year-on-year increase in second-quarter net sales to SEK 6 billion but fell short of market expectations of SEK 6.08 billion. The Nordic hotel operator also posted adjusted EBITDA below analyst estimates, although adjusted earnings per share improved to SEK 2.01 from SEK 1.69 a year earlier. Performance was supported by strong leisure travel, a busy events calendar and stable meetings and conference demand, while a slower-than-expected recovery in Finland continued to weigh on results. The company expects occupancy levels in the third quarter to remain broadly in line with last year, with higher average room rates and second-half performance comparable with 2025.Read more

17 Jul 2026

The Kerala government has said no decision has been taken on the proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Ltd (AVPPL) to Mediterranean Shipping Company (MSC), stressing that the proposal is still under review. The state has constituted an Empowered Committee to examine the matter before taking a final call. At the same time, the government accused the previous LDF administration of extending the project's concession period and waiving around INR 219 crore in delay penalties payable by Adani Ports after the port project missed its original completion timeline.Read more

Visakhapatnam News Desk

17 Jul 2026

The Andhra Pradesh government has approved the revised Visakhapatnam Metropolitan Region (VMR) Master Plan 2041, providing a long-term framework for urban expansion, infrastructure development and land use across the region. The plan aims to transform Visakhapatnam into a globally competitive metropolitan hub through improved transport networks, planned urbanisation, industrial growth and sustainable development. It also integrates key infrastructure projects, including Bhogapuram International Airport and proposed metro corridors, to support future economic and population growth.Read more

17 Jul 2026

Signature Global Ltd reported a 25% year-on-year decline in sales bookings during the first quarter of FY27, with pre-sales falling to INR 1,970 crore amid lower sales volumes. The Gurugram-based developer sold 226 residential units during the quarter, compared with 778 units a year earlier, while the area sold declined to 0.72 million sq ft from 1.62 million sq ft. Despite the slowdown in volumes, the company's average sales realisation improved to INR 17,093 per sq ft. Customer collections also fell 28% to INR 670 crore during the quarter. Signature Global has maintained its FY27 pre-sales guidance of INR 10,000 crore after recording sales bookings of INR 8,250 crore in FY26, when it emerged as the fifth-largest listed real estate developer in India by pre-sales.Read more

17 Jul 2026

Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a new regulatory framework for the collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers. The revised provisions require developers to maintain IFMS in a separate bank account, invest the funds securely and transfer the entire corpus to Residents' Welfare Associations (RWAs) or Associations of Allottees during project handover. The amendment also introduces project-wise IFMS rates, mandatory audits and stricter financial reporting to improve transparency and ensure that maintenance funds are used only for their intended purpose.Read more

17 Jul 2026

India’s leading states are investing heavily in new commercial districts as competition intensifies to attract global businesses, GCCs, financial institutions and technology firms. While Mumbai’s Bandra Kurla Complex remains the benchmark, emerging hubs such as GIFT City in Gujarat, Hyderabad’s Financial District, Navi Mumbai’s International Corporate Park and the Noida International Airport region are positioning themselves as major business destinations. Together, these developments highlight how infrastructure, office space and economic clustering are reshaping India’s commercial landscape.Read more

17 Jul 2026

Workspace Group Plc reported a modest improvement in its operating performance during the first quarter, with higher stabilised occupancy and rental income across its flexible office portfolio. The company completed 375 leasing transactions, including new lettings and renewals, while its total portfolio occupancy reached 79.8%. Alongside the operational update, Workspace said it is evaluating additional asset disposals worth more than GBP 100 million, taking forward its strategy to strengthen earnings and optimise its property portfolio. The move also comes as the company continues to face pressure from activist investor Saba Capital.Read more

17 Jul 2026

India's planned infrastructure investment pipeline of nearly INR 10 lakh crore by 2030 is expected to significantly boost demand for mining and construction equipment (MCE), according to a joint report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG). The report highlights that sustained investments across roads, railways, airports, ports, manufacturing, mining and renewable energy will require advanced earthmoving, material handling and specialised construction machinery. While the sector is poised for long-term growth, the report says India must strengthen domestic manufacturing, technology adoption, exports and skill development to emerge as a global hub for construction and mining equipment.Read more

17 Jul 2026

Blackstone-backed data centre operator AirTrunk is preparing to launch a Singapore real estate investment trust (REIT) IPO in September or October, aiming to raise around USD 1.5 billion, according to sources. The company has reportedly filed confidentially for the listing and has begun discussions with potential cornerstone investors. The proposed listing comes as investor interest in data centre assets continues to grow, driven by rising demand from cloud computing and artificial intelligence. However, the final timeline and deal size may change depending on market conditions.Read more

17 Jul 2026

The Union Cabinet has approved two National Highway projects in Varanasi involving a combined investment of nearly INR 25,500 crore to ease traffic congestion in the city. The projects comprise two elevated highway corridors linking key national highways and the Varanasi Ring Road along the Varuna and Ganga rivers. Together spanning around 89 km, the developments will include six-lane and four-lane elevated carriageways, bridges, flyovers, ramps and service roads. Both projects will be implemented by the National Highways Authority of India (NHAI) under the Hybrid Annuity Model (HAM), with the aim of improving urban mobility and strengthening connectivity across Varanasi.Read more

17 Jul 2026

Meta has announced a major expansion of its Hyperion data centre project in Richland Parish, Louisiana, increasing its planned compute capacity from more than 2 gigawatts (GW) to 5GW. The company said its investment in the artificial intelligence (AI) facility has now surpassed USD 50 billion, reflecting growing demand for computing infrastructure required to train large language models. The expansion includes more than USD 1 billion in local infrastructure upgrades covering roads, water and wastewater systems. Since construction began in late 2024, local businesses have secured contracts worth over USD 1.6 billion, while increased tax revenues have supported higher teacher bonuses in the parish. The announcement comes amid continued scrutiny from environmental groups over the energy demands and financing of large-scale AI data centres.Read more

17 Jul 2026

• NHAI has opened the 29.96-km Vadipatti–Thamaraipatti section of the Madurai Ring Road (NH-744A), developed at a cost of INR 1,024.66 crore, to improve regional connectivity and decongest Madurai city.
• The four-lane bypass connects NH-44 and NH-38, diverting heavy commercial traffic away from the city and significantly reducing travel time, fuel consumption and vehicle operating costs.
• The corridor features flyovers, major and minor bridges, underpasses, service roads, a wildlife overpass and an Advanced Traffic Management System (ATMS) to enhance road safety and ensure smooth traffic flow.
• The project is expected to strengthen connectivity to industrial hubs, logistics centres and tourism destinations across southern Tamil Nadu while improving freight efficiency and supporting regional economic growth.Read more

17 Jul 2026

The Securities and Exchange Board of India (Sebi) has exempted the Mehta Family Trust, promoted by actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares in Saurashtra Cement Ltd. The exemption has been granted as the transaction is part of an internal family restructuring for succession planning and does not change the company’s control or affect public shareholders. Sebi has imposed certain compliance conditions, including filing a report after the acquisition and completing the transaction within the specified validity period.Read more

17 Jul 2026

The Uttar Pradesh government has opened the INR 4,500 crore Lucknow-Kanpur Expressway, significantly reducing travel time between the two cities to 35-45 minutes from nearly two hours. Developed as a high-speed greenfield corridor, the expressway is expected to improve passenger and freight movement, strengthen industrial connectivity and support economic growth across central Uttar Pradesh. The project is also expected to ease congestion on National Highway-27, enhance logistics efficiency and boost investments in manufacturing, warehousing and urban development along the Lucknow-Kanpur growth corridor.Read more

17 Jul 2026

The National Company Law Appellate Tribunal (NCLAT) has dismissed two appeals filed by Maharashtra Airport Development Company (MADC), clearing the way for the sale of the assets of Abhijeet MADC Nagpur Energy Pvt Ltd (AMNEPL), a power project developed to supply electricity to Nagpur's MIHAN Special Economic Zone. The tribunal upheld an earlier NCLT order validating the sale to Rankini Power Generation and ruled that the liquidator had the authority to transfer the company's leasehold assets under the Insolvency and Bankruptcy Code. However, it also clarified that MADC's rights under the Build-Operate-Transfer (BOT) agreement would remain protected.Read more

17 Jul 2026

The Delhi government has demolished an illegally constructed shrine on government land to facilitate the long-pending Pitampura-Shalimar Bagh road widening project in northwest Delhi. The action, carried out after following due legal procedures and obtaining administrative approvals, removes a key obstacle that had delayed the infrastructure project for years. The widened corridor is expected to ease traffic congestion, improve connectivity between Pitampura and Shalimar Bagh, and enhance commuter safety. The government said the drive reflects its commitment to removing encroachments on public land to ensure timely execution of critical infrastructure projects.Read more

17 Jul 2026

World of Hyatt has expanded its Asia Pacific partnership with HYROX to include race cities in India, offering race-focused stay packages for athletes and spectators. The collaboration covers upcoming HYROX events in New Delhi and Mumbai and includes exclusive room rates, hotel benefits and recovery amenities at participating Hyatt properties. Hyatt has also partnered with fitness enthusiast Milind Soman to support the initiative. The move comes as HYROX continues to expand its presence in India, where interest in fitness-based sporting events has been growing rapidly over the past few years.Read more

Mumbai News Desk

17 Jul 2026

Raymond Realty has signed a joint development agreement (JDA) to develop a residential project in Mumbai's Parel, with an estimated gross development value (GDV) of around INR 85 billion. The project marks another addition to the company's asset-light expansion strategy, under which it partners with landowners to develop premium housing projects without outright land acquisition. Parel remains one of Mumbai's key redevelopment and residential markets, supported by strong infrastructure, commercial activity, and steady demand for premium homes.Read more

17 Jul 2026

The Supreme Court has transferred a money laundering case against real estate developer Amit Katyal from a special Prevention of Money Laundering Act (PMLA) court in Gurugram to the Special PMLA Court at Saket, Delhi. The case relates to allegations of cheating homebuyers in the Krrish Florence Estate project in Gurugram and the laundering of proceeds of crime linked to the development. While allowing the transfer, the apex court held that both Delhi and Gurugram courts had concurrent jurisdiction, as the alleged concealment of proceeds of crime took place in Delhi while the underlying property transactions and project were located in Gurugram. The Enforcement Directorate (ED) has accused Katyal of fraudulently raising funds from homebuyers, diverting project and bank funds, and illegally disposing of project land during insolvency proceedings.Read more

17 Jul 2026

Construction of Dholera International Airport in Gujarat is around 80% complete, with the facility expected to become operational by October this year, according to Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu. During a review of the project, the minister said the runway, taxiway, Air Traffic Control (ATC) tower and ancillary infrastructure have been fully completed, while work on the passenger terminal has reached 75%. The airport, being developed as part of the Dholera Special Investment Region, will feature a 25,000 sq m passenger terminal capable of handling 2 million passengers annually and a dedicated cargo terminal. The project is integrated with planned industrial, semiconductor and transport infrastructure, including a high-speed rail corridor, and is intended to support manufacturing, logistics, aerospace and aviation-related investments in the region.Read more

17 Jul 2026

The Centre has approved INR 1,000 crore for the construction of 2,400 km of rural roads in West Bengal under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and sanctioned one lakh houses under the Pradhan Mantri Awaas Yojana (PMAY). The announcements were made following a meeting between Union Agriculture Minister Shivraj Singh Chouhan and West Bengal Chief Minister Suvendu Adhikari. The Union government has also sanctioned INR 8,508 crore for rural employment initiatives until March 2027, while indicating that the combined outlay for the programmes, including the state's contribution, will exceed INR 12,064 crore. The approvals are intended to strengthen rural connectivity, housing delivery and employment generation across the state.Read more

17 Jul 2026

Saudi Real Estate Company (Al Akaria) has announced that the restriction on one of its land plots in North Riyadh has been lifted, allowing the company to move ahead with evaluating development opportunities for the site. The land has a book value of SAR 98.4 million. Following the removal of the restriction, the company said it is assessing the most suitable use for the property in line with its business strategy. The development comes as Saudi Arabia continues to see strong real estate activity driven by large-scale urban and infrastructure projects under Vision 2030.Read more

17 Jul 2026

• The Panchkula Municipal Corporation (MC) has identified around INR 37 crore in pending property tax dues from major defaulters, including hotels, IT companies, commercial establishments and government bodies, as part of an intensified recovery campaign.
• The civic body has begun issuing notices to defaulting property owners and warned that strict enforcement measures, including sealing of properties, may be initiated against persistent defaulters.
• Officials said recovering the outstanding dues is essential to strengthen the corporation's finances and improve the delivery of civic infrastructure and public services across the city.
• The recovery drive follows the conclusion of the property tax interest waiver scheme, after which the municipal corporation has adopted a stricter approach towards tax collection.Read more

17 Jul 2026

Home registrations in the Kolkata Metropolitan Area (KMA) declined 14% year-on-year to 26,207 units during the first half of 2026, according to Knight Frank India. The consultancy attributed the moderation to slower market activity during the West Bengal Assembly election period and a high comparison base from the previous year, when registrations had surged sharply. In June alone, apartment registrations fell 14% from a year earlier and 21% from the previous month to 3,669 units. Despite the decline, Knight Frank said transaction volumes remained robust by historical standards, supported by resilient end-user demand. The report also highlighted a continued shift towards larger residential units, with homes measuring 501–1,000 sq ft accounting for the majority of registrations, while demand for apartments exceeding 1,000 sq ft recorded significant year-on-year growth.Read more

17 Jul 2026

China’s residential property market showed a slight improvement over the past month as new home prices declined at a slower pace compared to the previous month. However, analysts believe the improvement is not enough to signal a sustained recovery, with weak housing demand, falling investment, slower construction activity and cautious consumer sentiment continuing to weigh on the sector. While top-tier cities recorded marginal monthly price gains, smaller cities remained under pressure. Economists also expect the Chinese government to continue with targeted support measures instead of announcing large-scale stimulus for the housing market.Read more

Mumbai News Desk

17 Jul 2026

The Bombay High Court has directed the Brihanmumbai Municipal Corporation (BMC) to remove widespread encroachments around the Charkop pond in Kandivali (West) before proceeding with a proposed gabion wall to protect the water body. The court was hearing a 2021 petition filed by the BMC seeking approval for conservation and beautification of the pond, which falls within the 50-metre mangrove buffer zone. The bench flagged construction debris dumped near the site and called for a firm civic stand against illegal occupation.Read more

17 Jul 2026

Gensol Engineering has confirmed that the Indian Renewable Energy Development Agency (IREDA) has classified its loan accounts worth INR 673 crore as fraud and reported the matter to the Reserve Bank of India (RBI). The clarification was issued after media reports on the development. The company stated that the reports accurately reflected IREDA's order. The latest development adds to the regulatory scrutiny surrounding Gensol Engineering, which has faced multiple actions from financial and market regulators in recent months.Read more

Mumbai News Desk

17 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) is set to launch an integrated digital portal by the end of July to streamline the management of construction and demolition (C&D) waste and facilitate soil exchange across Mumbai. The platform will enable real-time tracking of waste movement, reduce illegal dumping, curb dust pollution and improve compliance with waste disposal norms. The initiative is expected to strengthen transparency in construction activities while supporting sustainable urban development and resource reuse.Read more

17 Jul 2026

The Delhi High Court has questioned the authorities over why nearly 24,000 vacant Economically Weaker Section (EWS) flats have not been allotted to slum dwellers facing eviction from settlements near the Prime Minister's residence. Hearing petitions filed by affected residents, the court sought explanations from the Centre, the Delhi Development Authority (DDA) and other agencies on the availability and utilisation of completed housing units. The matter has reignited concerns over rehabilitation policy, implementation of in-situ redevelopment and the utilisation of publicly funded affordable housing stock in the national capital.Read more