3 minutes ago

The Competition Commission of India has approved Warburg Pincus acquisition of a stake in Fleur Hotels Ltd, a subsidiary of Lemon Tree Hotels, along with an INR 960 crore investment plan. The deal includes the purchase of a 41.09 per cent stake from APG Strategic Real Estate Pool NV and a broader internal restructuring of Lemon Tree's business. The move aims to separate hotel ownership and management into distinct platforms, strengthen growth potential, and expand Fleur's asset base significantly, with plans for a future listing on domestic stock exchanges.Read more

33 minutes ago

China Vanke has proposed to repay 40% of a yuan bond due later this month in exchange for a one-year extension, as it manages rising repayment pressure. The developer is facing significant debt maturities between April and July, with total bond obligations of 14.7 billion yuan for the year. This comes after earlier successful extensions of three bonds and amid a broader property sector crisis in China. With a record net loss and declining sales, Vanke's financial health remains under stress, raising concerns about market confidence and potential spillover effects on the economy.Read more

Mumbai News Desk

1 hour ago

Mumbai's real estate developers contributed INR 11,626 crore to the Brihanmumbai Municipal Corporation in FY26, surpassing property tax collections and becoming the civic body's largest revenue source. The growth was supported by strong redevelopment activity, higher premium payments, and increased use of floor space index across key micro-markets. Areas such as Bandra Jogeshwari and South Mumbai led collections. The trend reflects steady housing demand, rising project approvals, and the growing role of development-linked revenues in supporting municipal finances.Read more

1 hour ago

Infrastructure expansion across North India, especially in Delhi-NCR, is driving steady growth in the professional audiovisual (Pro-AV) hardware market. The region contributes nearly 40-45 per cent of the national market, supported by rising demand from corporate offices, retail, hospitality and public infrastructure. Large projects such as airports, expressways and religious tourism hubs are increasing the use of digital signage, lighting and sound systems. With higher-than-global growth rates and increasing adoption of premium solutions, the market is seeing consistent expansion backed by urban development and digital infrastructure investments.Read more

Pune News Desk

2 hours ago

The Pune Metropolitan Region Development Authority (PMRDA) has sought a decision from the Maharashtra government regarding the execution of the Maan Mhalunge Town Planning Scheme (TPS-1), following administrative changes that brought parts of the project area under the Pune Municipal Corporation (PMC). The scheme, spread across nearly 250 hectares near the Hinjewadi IT hub, is at an advanced approval stage but remains pending due to ambiguity over the implementing authority. PMRDA has requested clarity on whether it will continue as the Special Planning Authority or if PMC will take over. The project, which includes infrastructure provisioning and land reconstitution, has undergone multiple revisions and consultations, with delays affecting landowners and development timelines.Read more

2 hours ago

Google is set to commence construction of a large-scale data centre hub in Andhra Pradesh from April 28, marking one of the largest foreign direct investments in India's digital infrastructure sector. The project, estimated at around USD 15 billion (approximately INR 1.25 lakh crore), will be developed across multiple sites near Visakhapatnam with a planned capacity of about 1 gigawatt. The initiative follows a memorandum of understanding signed with the state government around six months ago. The development includes three interconnected campuses, submarine cable infrastructure, and supporting telecom networks. The project is expected to enhance India's data centre capacity, support cloud and AI ecosystems, and strengthen Andhra Pradesh's position as a technology and digital infrastructure hub.Read more

Mumbai News Desk

3 hours ago

The Brihanmumbai Municipal Corporation has introduced an amnesty scheme to help buildings without occupation certificates obtain approvals. The scheme applies to structures occupied before November 2016 and offers relief through reduced premiums and penalty waivers. Societies applying within an initial six-month window will get maximum benefits. The move is expected to cover over 20,000 buildings and benefit more than 10 lakh residents facing issues in utilities, loans and resale. Completely unauthorised constructions are excluded, ensuring only eligible deviations are regularised.Read more

3 hours ago

Titagarh Naval Systems Ltd has secured in-principle approval from the Union Ministry of Ports, Shipping and Waterways for a brownfield expansion project at Falta, West Bengal. The project, with an investment of around INR 610 crore, falls under the Shipbuilding Development Scheme and includes government capital assistance of about INR 129 crore for plant and machinery. The expansion is aimed at improving shipbuilding capacity for defence, commercial and export markets. It is also expected to strengthen India's maritime manufacturing ecosystem and support the country's push for self-reliance in shipbuilding.Read more

4 hours ago

A recent working paper by the World Inequality Lab highlights significant inequality in rural land ownership across India. It finds that a large share of land is concentrated among a small percentage of households, while nearly half of rural families remain landless. The study, based on extensive data covering millions of people and villages, also points to the influence of historical systems, social structures, and agro-ecological factors on land distribution. It further notes that improved access to markets has not been sufficient to address these long-standing disparities in ownership patterns.Read more

4 hours ago

The National Highways Authority of India (NHAI) has entered into a collaboration with Cube Highways Technologies to enhance the technical capabilities of its officials through a structured training programme. The initiative, formalised through a memorandum of understanding signed in the past week, focuses on upskilling junior-level officials in specialised areas of highway engineering and project execution. Training will be conducted at the Cube Highways Innovation Centre in Hyderabad and will combine classroom instruction with practical learning and case-based assessments. The programme covers key domains such as traffic estimation, pavement design, and material performance. The initiative is part of NHAI's broader capacity-building efforts aimed at improving project quality and aligning workforce capabilities with evolving infrastructure standards.Read more

Mumbai News Desk

5 hours ago

The Brihanmumbai Municipal Corporation (BMC) has begun testing low-cost air quality sensors under the MANAS project in collaboration with IIT Kanpur to improve pollution monitoring across Mumbai. Around 75 sensors will be installed before the monsoon, offering hyperlocal data on pollutants like PM2.5 and PM10. The system will divide the city into smaller grids and use real-time dashboards for better decision-making. The initiative builds on existing monitoring at construction sites and aims to strengthen targeted action to manage rising air pollution levels in the city.Read more

5 hours ago

The Lucknow Development Authority is preparing to launch three luxury residential projects in Lucknow to address increasing demand for high-end housing. The developments, expected to begin shortly, will focus on premium apartments equipped with modern amenities. The move forms part of the authority's broader strategy to diversify beyond affordable housing and strengthen urban infrastructure. The projects are positioned to attract affluent homebuyers and investors, reflecting a shift in the city's residential market towards upscale developments alongside ongoing township and infrastructure expansion initiatives.Read more

Mumbai News Desk

6 hours ago

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

6 hours ago

The Ministry of Road Transport and Highways has revised construction timelines for national highway projects, extending the maximum duration to up to six years based on project complexity, cost, terrain, and structural requirements. The updated norms will apply to projects awarded from early May onwards across EPC, HAM, and BOT models. Previously, projects exceeding 50 km or involving major bridges were required to be completed within about 30 months. The revision introduces differentiated timelines, including longer durations for tunnels and large bridges, aimed at improving execution feasibility. The policy shift reflects the government's attempt to align deadlines with on-ground challenges in infrastructure delivery and reduce delays arising from unrealistic project schedules.Read more

Bangalore News Desk

7 hours ago

The Bangalore Metro Rail Corporation Limited (BMRCL) has initiated the development of an elevated pedestrian walkway at Silk Board Junction in Bengaluru to connect the operational Yellow Line with the under-construction Blue Line. The project, estimated at around INR 59 crore, will span approximately 250 metres and include the city's first travelator within the metro network. A tender has been floated for civil, structural, and architectural works, with construction expected to take about nine months after contract award. The intervention addresses the absence of a direct interchange between the two corridors and is intended to streamline commuter movement across one of the city's busiest transit nodes along the Outer Ring Road.Read more

Mumbai News Desk

7 hours ago

The Maharashtra Coastal Zone Management Authority has cleared the proposal to scientifically treat and remove legacy waste at the Deonar dumping ground, enabling its use for rehabilitating ineligible residents from the Dharavi Redevelopment Project. The plan involves processing around 18.5 million tonnes of waste and unlocking land for housing. While eligible residents will be accommodated within Dharavi, others will be shifted to locations such as Deonar, Bhandup, and Madh. The move also addresses long-standing environmental concerns linked to the landfill while supporting Mumbai's multi-location rehabilitation strategy.Read more

8 hours ago

Akasa Air is reassessing the resumption of its Abu Dhabi services while extending the suspension of flights to Doha, Riyadh and Kuwait until April 12 due to ongoing geopolitical tensions in West Asia. The airline cited airspace restrictions and operational uncertainties linked to the regional conflict as key reasons for the decision. The advisory, issued in the past week, reflects continued disruption to international aviation routes across the region. The move affects Akasa Air's growing Middle East network, which is a critical corridor for Indian carriers, and highlights the operational challenges posed by geopolitical developments on cross-border connectivity.Read more

8 hours ago

The Enforcement Directorate (ED) has attached immovable assets worth around INR 944 crore in a housing fraud case linked to Piyush Colonisers Limited and its former promoters. The case involves alleged diversion of funds collected from over 1,500 homebuyers across projects in Haryana and Rajasthan. Investigations found that funds meant for construction were routed through group entities and used to acquire land. The action has been taken under the Prevention of Money Laundering Act, with further investigation ongoing into financial transactions and asset transfers.Read more

9 hours ago

The Telangana State Industrial Infrastructure Corporation (TGIIC) will conduct an e-auction of over 15 acres of land in Osman Nagar on April 23. The offering includes two parcels of 10.09 acres and 5.72 acres, with a base price of INR 39 crore per acre. The land is part of a multi-use zone and is expected to attract strong interest due to its location near the Outer Ring Road and key IT hubs. The auction follows a postponed earlier plan and will help assess market demand for future phases.Read more

9 hours ago

The Delhi Development Authority has paused the conversion of leasehold properties into freehold as part of an ongoing policy review. The move has affected new applications, while older cases are still being processed under existing rules. The review, led by the Ministry of Housing and Urban Affairs, aims to revise conversion charges and simplify procedures. The halt has also slowed hearings and support camps, creating delays for property owners and impacting transactions where freehold status is required.Read more

Mumbai News Desk

10 hours ago

The biomining project at Mumbai's Mulund dumping ground has been delayed again, with the contractor seeking a third extension due to fuel supply disruptions linked to the West Asia conflict. The shortage of diesel has affected the operation of heavy machinery, slowing waste processing. The INR 731 crore project, aimed at clearing legacy waste and reclaiming land, is nearing completion but has faced repeated delays due to the pandemic, weather conditions and operational issues. Civic authorities have raised concerns over continued extensions as only a limited portion of waste remains.Read more

10 hours ago

The Comptroller and Auditor General of India has highlighted that excess expenditure of over INR 1.24 lakh crore incurred by the Jammu and Kashmir government over four decades remains unapproved by the legislature. The report pointed to delays in scrutiny by the Public Accounts Committee and warned that such prolonged irregularities weaken financial discipline. The government has termed the issue a legacy matter and indicated that it will be addressed through legislative approval. The findings underline persistent gaps in budgetary control and oversight mechanisms in the Union Territory's financial management.Read more

11 hours ago

DP World Cochin has recorded its highest-ever single vessel cargo handling, processing over 8,000 twenty-foot equivalent units (TEUs) during the recent call of the ultra large container vessel MSC Ilaria at the International Container Transshipment Terminal in Kochi. The milestone, achieved in the past week, surpasses the earlier record of more than 6,000 TEUs handled during a previous vessel call. The development reflects the terminal's upgraded infrastructure and its growing ability to accommodate next-generation container ships. With expanded yard capacity, enhanced crane infrastructure, and improved power systems, the terminal is positioning itself to handle larger volumes of EXIM and transshipment cargo while strengthening its role in India's southern maritime logistics network.Read more

12 hours ago

Odisha recorded 7,037 flat registrations over the past three years, reflecting a gradual move towards formal housing transactions and improved compliance. Registrations peaked in 2024 with 4,712 units before dropping sharply to 593 in 2025 due to stricter verification and enforcement. The government linked the decline to tighter scrutiny of developers and documentation. Khurda district accounted for the majority of registrations, while several regions saw limited activity. Ongoing reforms, including digitisation of land records and enforcement of apartment laws, are expected to improve transparency and stabilise registrations going forward.Read more

13 hours ago

Prayagraj Municipal Corporation has clarified that property tax rebates will be available only for self-occupied residential properties, excluding rented or income-generating units. Owners living in houses older than 20 years can get a 40% rebate, while those in newer homes can avail 32.5%. The benefit will be granted only after physical verification by municipal teams. The move follows earlier decisions to provide relief for ageing properties but now focuses on ensuring the benefit reaches genuine occupants and prevents misuse by landlords or investors.Read more

Noida News Desk

14 hours ago

Residents of Greater Noida West have intensified protests after the Centre rejected the detailed project report (DPR) for the proposed metro extension. The move has added to delays in a region already struggling with traffic congestion and limited public transport. Citizen groups have raised concerns over daily commuting challenges and warned of larger protests if progress is not made. The project, which has seen multiple revisions over the years, now requires a fresh DPR, further impacting timelines and creating uncertainty for both residents and the local housing market.Read more

Mumbai News Desk

08 Apr 2026

Kurla and Ghatkopar remain among Mumbai's most affected areas when it comes to illegal hawking, leading to congestion and safety concerns. Repeated action by the Brihanmumbai Municipal Corporation has failed to provide long-term relief, as hawkers often return soon after eviction drives. Busy locations near railway stations and major roads are the most impacted. The issue continues despite court directions and planned regulations, pointing to gaps in enforcement, lack of proper hawking zones, and challenges in managing the large number of unlicensed vendors operating in the city.Read more

Ghaziabad News Desk

08 Apr 2026

Property tax collection in Ghaziabad declined in the recent financial year, with the Ghaziabad Municipal Corporation collecting around INR 305 crore, lower than the previous year. Over one lakh property owners did not clear their dues, largely due to confusion around a proposed tax rate revision. Disagreement between civic authorities affected clarity on payable amounts, leading to delayed compliance. The drop in collections has impacted municipal revenues, which are essential for basic services. The civic body is now awaiting direction from the state government while planning steps to improve collections.Read more

08 Apr 2026

North India's professional audiovisual hardware market is expanding rapidly, driven by major infrastructure projects such as the Jewar International Airport and Dwarka Expressway. The region accounts for 40-45 per cent of India's AV hardware market, with growth supported by urban development in cities like Ayodhya, Varanasi, and Amritsar, as well as rising demand from luxury hotels and wedding venues. The domestic Pro-AV sector is growing at 7.2-9.7 per cent annually, with professional lighting projected to reach USD 391 million in 2026. Upcoming events like the 2027 PALM expo in New Delhi are set to further strengthen the ecosystem.Read more

08 Apr 2026

Parliament has passed the Andhra Pradesh Reorganisation (Amendment) Bill, formally recognising Amaravati as the sole capital of Andhra Pradesh and providing long-awaited legal clarity on the state's administrative centre. The legislation, approved by both Houses in the past week, overturns earlier proposals for a three-capital framework and establishes Amaravati as the permanent seat of governance. The decision follows years of policy uncertainty after the state's bifurcation and the expiry of Hyderabad's status as a joint capital. The move is expected to support ongoing infrastructure development, where projects worth tens of thousands of crores are underway, and reinforce investor confidence in the capital region.Read more

08 Apr 2026

SRM Contractors has been awarded an INR 483 crore contract by the Maharashtra State Infrastructure Development Corporation (MSIDC) for a key package of the Nashik Ring Road project. The contract covers a 14.02 km stretch on the southern side of the 66.15 km corridor, which is being developed to ease congestion and improve connectivity ahead of the 2027 Simhastha Kumbh Mela. The project will be executed under the engineering, procurement and construction (EPC) model with a completion timeline of 12 months. The broader ring road initiative, estimated at over INR 7,600 crore, is a central component of Nashik's infrastructure upgrade plan linked to the upcoming religious event.Read more

08 Apr 2026

Green Gas Limited clarified that only INR 6,000 is payable for piped natural gas connections after residents of Sushant Golf City in Lucknow raised concerns over additional charges collected by the developer. Over 400 households had paid extra amounts, with some charges going up to INR 8,999. The district administration reviewed the matter and directed that no extra fees could be levied. The company stated that its agreement with the developer was limited to infrastructure support and did not allow recovery of additional costs from residents.Read more

08 Apr 2026

The land acquisition cost for the New Nagpur Business District project has risen beyond INR 4,000 crore, exceeding the initial estimate of INR 3,000 crore, as authorities near completion of negotiations with landowners. The project, spanning over 692 hectares in Hingna taluka near Nagpur, is being implemented by the Nagpur Metropolitan Region Development Authority (NMRDA) with NBCC (India) Ltd as consultant. Around 629.43 hectares of private land is being procured through direct purchase across Mouza Ladgaon and Mouza Godhani. Compensation terms, including higher payouts and developed plot allocations for farmers, are being finalised. The INR 11,300 crore project is planned as an International Business and Finance Centre aimed at supporting large-scale commercial development and employment generation.Read more

08 Apr 2026

The Punjab government has extended the One Time Settlement (OTS) scheme deadline to May 31, 2026, giving taxpayers more time to clear pending dues. The scheme has received over 9,100 applications so far, generating INR 134.21 crore, while waivers of INR 446.17 crore have been granted. The move aims to improve participation and resolve legacy tax disputes. Around 8,000 defaulter properties have also been identified for possible auction if dues are not cleared within the extended timeline, indicating stricter enforcement after the deadline.Read more

08 Apr 2026

ASBL, a Hyderabad-based developer, presented its technology-driven approach to real estate at the Python Conference Hyderabad 2026, where it participated as a platinum sponsor. The company detailed how artificial intelligence and digital tools are being integrated across construction, sales, and post-handover operations. Key systems include a digital twin platform for project execution, automated sales processes, and a resident management application. The approach focuses on improving project monitoring, reducing delays, and streamlining customer engagement. ASBL also highlighted its digitised home-buying process, aimed at simplifying transactions for both domestic and overseas buyers. The initiative reflects growing adoption of proptech solutions to address operational inefficiencies in residential development.Read more

08 Apr 2026

Sumou Real Estate Company has entered into an agreement with Kingdom Real Estate Development to manage land plots in Riyadh, focusing on both residential and commercial segments. The company will oversee infrastructure development, along with marketing and sales activities. As part of the arrangement, Sumou will earn fees linked to the project's infrastructure costs and total sales value. The agreement reflects the company's continued role in large-scale land development projects and highlights growing activity in Riyadh's real estate market, supported by urban expansion and demand for integrated developments.Read more

08 Apr 2026

The Himachal Pradesh government has partnered with Alliance Air to introduce daily flights connecting Delhi, Shimla and Dharamshala, with operations expected to begin later this month. The move aims to improve regional air connectivity and support tourism across key destinations in the state. The flights will operate using 48-seater ATR aircraft under a full viability gap funding model, with the state bearing the cost. The agreement is valid for one year and is expected to improve accessibility for both tourists and residents.Read more

08 Apr 2026

Housing sales across eight major cities declined by 4 per cent year-on-year to 84,827 units in the January-March quarter, according to Knight Frank India. The drop was mainly due to rising property prices and cautious buyer sentiment influenced by global geopolitical tensions. While key markets such as Mumbai, Delhi-NCR and Pune saw a fall in demand, cities like Bengaluru, Hyderabad and Chennai recorded modest growth. New housing supply also declined slightly, indicating a broader market slowdown and growing affordability concerns after a strong multi-year growth phase.Read more

08 Apr 2026

Secure Property Development & Investment PLC has announced an update on its proposed transaction with Adven, under revised terms that remove its classification as a reverse takeover. Adven is expected to enter share purchase agreements with at least 51 per cent of SPDI shareholders, valuing the company at around EUR 2 million. As part of the deal, SPDI shareholders will also get an option to invest up to GBP 2 million in Adven at a discounted price. The development follows ongoing restructuring efforts and is expected to support trading restoration and improve financial stability.Read more

08 Apr 2026

Arvind SmartSpaces Ltd has entered into a partnership with Sigma Oxford Realtors to jointly develop a residential high-rise project in Goregaon West, Mumbai, with an estimated revenue potential of INR 2,400 crore. The redevelopment project, located in Siddharth Nagar, will offer a total saleable carpet area of around 0.67 million sq ft. The collaboration marks a continued expansion of Arvind SmartSpaces in the Mumbai Metropolitan Region, where it already maintains a presence alongside its core markets in Gujarat and Pune. The project is structured as a joint redevelopment initiative, reflecting ongoing activity in urban renewal-led housing supply within established residential micro-markets of Mumbai.Read more

Mumbai News Desk

08 Apr 2026

Shreya Ghoshal and her parents have purchased a premium apartment in Mumbai's Worli for INR 29.70 crore. The unit is located in the Godrej Trilogy project and offers a carpet area of around 2,430 sq ft along with three parking spaces. The deal was registered recently and involved a stamp duty payment of about INR 1.78 crore. The transaction reflects steady demand for luxury housing in Worli, which continues to attract high-net-worth buyers due to its central location and connectivity.Read more

08 Apr 2026

The Supreme Court has allowed the Kozhikode-Wayanad tunnel project in Kerala to move ahead by refusing to interfere with its environmental clearance. The court upheld the earlier Kerala High Court decision and noted the project's importance for regional connectivity and public benefit. While environmental concerns were raised due to the project's location in the Western Ghats, the court observed that expert assessments and safeguards are in place. It also permitted the petitioners to approach the National Green Tribunal if any violations occur during execution, ensuring continued oversight.Read more

08 Apr 2026

The proposed civilian airport at Udhampur has moved a step closer to execution, with initial ATR flight services expected to begin in the coming months using temporary infrastructure within Air Force premises. The land transfer process is underway, and additional land will be provided for a permanent airport facility. Alongside aviation development, the government is also focusing on local economic initiatives such as promoting Kaladi under the One District One Product scheme and improving regional connectivity through the Delhi-Amritsar-Katra Expressway. Healthcare access and tourism infrastructure are also being expanded.Read more

08 Apr 2026

The Competition Commission of India (CCI) has approved Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd (ABHFL) through its entity Indriya Ltd, as part of a INR 2,750 crore capital infusion approved earlier this year. Post-transaction, ABHFL is expected to be valued at around INR 19,250 crore. The regulator also cleared additional transactions, including Citrus Investment LLC's marginal stake increase in Hitachi Construction Machinery Co and Indus Infra Trust's acquisition of KNR Constructions road project SPVs. The approvals reflect continued institutional interest in housing finance and infrastructure assets, with regulatory oversight ensuring compliance for transactions exceeding prescribed thresholds.Read more

08 Apr 2026

The Supreme Court of India has sought responses from the Centre, states and relevant authorities on a petition addressing the issue of stray cattle entering highways. The plea calls for uniform national guidelines, mandatory fencing of accident-prone stretches, and proper funding for cattle shelters. It also proposes penalties for abandonment of cattle and a no-fault compensation system for accident victims. The matter builds on earlier court directions and highlights gaps in implementation, as rising road accidents linked to stray animals continue to raise safety concerns.Read more

08 Apr 2026

Lodha Developers recorded a strong rise in sales bookings during the last quarter, supported by steady housing demand across key markets. Quarterly pre-sales grew by 23 per cent year-on-year to INR 5,890 crore, while full-year bookings increased 16 per cent to INR 20,530 crore. However, the company fell short of its annual guidance due to temporary demand disruptions linked to geopolitical tensions in West Asia, which led to some sales being deferred towards the end of the financial year.Read more

08 Apr 2026

AirTrunk has initiated plans for a potential data centre REIT listing in Singapore and has appointed leading banks to manage the offering. The IPO is expected to raise over USD 1 billion, with some estimates indicating it could reach USD 1.5 billion. Backed by Blackstone and CPPIB, the company has rapidly expanded its data centre footprint across key Asia-Pacific markets. If completed, the listing could become one of Singapore's largest REIT IPOs in recent years, reflecting growing investor interest in digital infrastructure assets amid rising data consumption and cloud adoption.Read more

08 Apr 2026

The Delhi government is working on a revised slum rehabilitation policy aimed at improving living conditions through better housing and integrated infrastructure. The plan includes in-situ redevelopment, along with facilities such as shopping complexes, parking spaces, e-rickshaw charging points, schools and sanitation services. It also looks at addressing issues seen in earlier relocation projects and vacant EWS housing. With around 675 slum clusters in the capital, the policy aims to create more practical and accessible housing while ensuring connectivity to livelihoods and basic services.Read more

08 Apr 2026

WeWork India Management Ltd has secured more than 7 lakh sq ft of Grade A office space across Bengaluru, Hyderabad and Chennai as part of its ongoing expansion of flexible workspace offerings. The company has entered into five long-term lease agreements with multiple developers, including Embassy Office Parks and Phoenix Group Hyderabad, to establish five new centres, three of which will be located in Bengaluru. The planned facilities are expected to add approximately 12,000 desks to its portfolio, reflecting sustained demand from enterprises and high-growth firms for flexible office formats. The expansion strengthens the company's presence in southern markets and builds on its existing footprint of 73 centres covering 8.2 million sq ft across eight Indian cities as of December 2025.Read more

08 Apr 2026

The Supreme Court has revoked the bail granted to Satinder Singh Bhasin, promoter of Bhasin Infotech and Infrastructure Pvt Ltd, in the long-pending Grand Venice homebuyers case. The court found that Bhasin violated bail conditions and siphoned INR 75 crore of homebuyers money while out on bail. He has been directed to surrender within a week and serve at least one year in jail before applying for fresh bail. The forfeited bail amount of INR 50 crore will partly support legal aid and partly fund ongoing insolvency proceedings.Read more