21 minutes ago

A Delhi court has allowed the Enforcement Directorate (ED) to proceed with the confiscation of certain properties linked to fugitive arms dealer Sanjay Bhandari in a money laundering case, according to developments reported earlier this week. The order follows Bhandari’s designation as a fugitive economic offender, enabling authorities to initiate asset seizure under applicable law. The ED had sought confiscation of assets associated with him, including overseas properties, as part of its ongoing investigation. The case has been under judicial consideration for several months, with earlier hearings involving arguments on the legality of confiscation proceedings. The court’s decision marks a procedural step in enforcement action aimed at recovering assets linked to alleged financial irregularities.Read more

51 minutes ago

K Raheja Corp Homes has launched Raheja Vistas, a 7.5-acre low-density residential project in Baner Annex, West Pune, marking its entry into an emerging micro-market. The RERA-registered development will offer 2, 3 and 4 BHK units with private decks and is scheduled for completion by 2031. Around 75 per cent of the land has been allocated to open spaces, with over 40 amenities planned. The project is positioned within a larger township and incorporates sustainability features such as solar power, wastewater recycling and EV charging. The launch aligns with ongoing infrastructure investments in Pune, including metro expansion and proposed high-speed rail connectivity.Read more

1 hour ago

Madhya Pradesh Metro Rail Corporation Limited has introduced a programme allowing private events such as birthday parties, pre-wedding shoots and film productions on metro coaches and station premises in Indore and Bhopal. The ‘Celebrations on Wheels’ initiative comes as metro services in both cities report lower-than-expected ridership. The scheme permits use of stationary and moving coaches for a fee, with defined capacity limits and security deposits. Authorities stated that the move is aimed at improving public engagement with metro infrastructure while generating additional non-fare revenue from existing assets within the urban transport network.Read more

1 hour ago

Dubai’s real estate market recorded 13,977 sales transactions valued at AED 48 billion during April, reflecting steady demand across residential and commercial segments. Data released by fäm Properties indicated a 3.5% month-on-month rise in transaction volumes and a 10.7% increase in total sales value. Commercial real estate led growth, while apartments and plots also reported notable gains. Primary market transactions continued to dominate activity, accounting for a significant majority of deals. Dubai South remained the top-performing micro-market for the second consecutive month. High-value transactions included luxury apartments exceeding AED 100 million, while mid-segment housing between AED 1 million and AED 2 million accounted for the largest share of sales, indicating a broad-based demand profile across price categories.Read more

2 hours ago

Navi Mumbai Municipal Corporation Commissioner Dr Kailas Shinde conducted an extensive inspection of drain desilting operations, transport infrastructure projects and civic amenities across Navi Mumbai in the past week, directing officials to accelerate pre-monsoon preparedness and complete critical works within stipulated timelines. The review covered major natural drains in Kopri, Vashi and Sanpada, the Ghansoli–Airoli creek bridge project linked to Palm Beach Road, traffic management measures at Talavali Naka, and civic infrastructure including crematorium facilities, health centres and underpasses. During the inspection, the commissioner instructed officials to remove silt immediately after drying, undertake structural audits of ageing infrastructure, and coordinate with multiple agencies to address wastewater contamination in drains flowing into the creek system.Read more

2 hours ago

Marathon Realty has recorded sales of 100 residential units valued at approximately INR 60 crore within three days of launching a new tower, NeoValley Narmada, at its NeoHomes project in Bhandup, Mumbai. The development offers studio, 1 BHK and 2 BHK units ranging from 191 sq ft to 476 sq ft. Buyer data indicates that nearly 80% of purchasers are first-time homeowners, with limited investor participation. The project’s location benefits from connectivity via Central Railway, LBS Marg, Eastern Express Highway, and the upcoming Metro Line 4, reflecting continued end-user demand for compact housing within city limits.Read more

3 hours ago

Fervo Energy has indicated plans for an initial public offering in the United States with a target valuation of up to USD 6.5 billion. The company is also looking to raise up to USD 1.3 billion through the IPO by issuing 55.6 million shares in a price range of USD 21 to USD 24 each. The Houston-based geothermal energy developer focuses on advanced geothermal systems that provide continuous, carbon-free electricity as an alternative to solar and wind power. Major financial institutions, including J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays, are acting as joint lead book-running managers. The company plans to list on Nasdaq under the symbol “FRVO.”Read more

3 hours ago

Nila Spaces has listed its residential project VIDA in Gujarat International Finance Tec-City (GIFT City) on the Alt DRX platform, marking the first tokenised real estate asset under a newly launched Gujarat Tri-City investment framework. The initiative allows resident Indian investors to purchase fractional ownership in the project starting from as little as one square foot, significantly lowering entry barriers traditionally associated with residential real estate. The listing is positioned within a broader investment corridor spanning Ahmedabad, Gandhinagar and GIFT City. The company stated that the model combines physical asset ownership with digital transaction capabilities, aiming to improve liquidity and accessibility. The move comes amid continued interest in premium residential assets, where high capital requirements and limited liquidity have historically restricted participation to higher-income segments.Read more

4 hours ago

Ambuja Cements, part of the Adani Group, reported a nearly threefold rise in quarterly profit, supported mainly by a significant tax credit and record-high cement sales volumes. The company saw strong demand from infrastructure activity, pushing sales to its highest-ever quarterly level. Revenue also grew modestly during the period. However, rising input costs such as fuel, diesel, and packaging impacted margins. While industry demand showed steady growth during the quarter, analysts expect moderation ahead due to seasonal factors and broader geopolitical concerns affecting cost structures and demand outlook.Read more

4 hours ago

Eviction of residents at Haji Noorani Chawl in Prabhadevi has commenced, clearing the final obstacle for the 4.5-km Sewri–Worli elevated corridor being implemented by the Mumbai Metropolitan Region Development Authority. The process follows prolonged negotiations over rehabilitation and compensation, which had delayed construction near the Elphinstone bridge stretch. With most tenants vacating, authorities are preparing the site for demolition and construction. The project is expected to improve east–west connectivity in Mumbai, reduce congestion on key arterial roads, and accelerate progress on a critical missing link in the city’s transport network.Read more

5 hours ago

Grovy India Limited reported a 62 per cent increase in net profit to INR 2.9 crore for FY26, supported by higher revenue and continued demand in South Delhi’s premium housing market. Total revenue rose to INR 35 crore from INR 26 crore in the previous financial year. The company is developing residential projects spanning 1.53 lakh sq ft across key South Delhi locations, with delivery scheduled between FY27 and FY28. It has also lined up additional projects in Greater Kailash I and Defence Colony, indicating expansion within supply-constrained micro-markets.Read more

6 hours ago

Bahi Ajman Palace Hotel and Coral Beach Resort Sharjah are projecting occupancy levels of around 90 per cent during the upcoming Eid Al Adha holiday period amid rising staycation demand across the UAE. The two Northern Emirates hospitality properties stated that domestic leisure travel and festive bookings have strengthened significantly ahead of the holiday week. In response to the anticipated surge in visitors, both hotels have introduced cultural programming, family entertainment and wellness-focused recreational offerings. The projected occupancy reflects sustained demand for beachfront hospitality assets in Ajman and Sharjah, where competitively priced staycation packages and family-oriented experiences continue to support the regional tourism and hospitality market.Read more

7 hours ago

CBRE South Asia Pvt. Ltd has launched Investment IQ Pro, an AI-driven workflow platform aimed at streamlining institutional real estate investment processes in India. Unveiled at the CII BFSI Summit in Mumbai, the platform integrates developers, lenders, consultants and trustees into a single dashboard to improve coordination, reduce approval timelines and enhance compliance. It replaces manual, email-based processes with automated systems, including document validation and audit tracking. The platform is designed to address inefficiencies in project monitoring, cashflow management and reporting, and aligns with regulatory requirements. CBRE indicated that the solution is already seeing onboarding interest from financial institutions and developers.Read more

8 hours ago

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Belapur earlier in the past week against an unauthorised construction after issuing statutory notice under the Maharashtra Regional and Town Planning (MRTP) Act. The action was undertaken by the encroachment department under senior civic supervision, targeting a structure in Sector 20, Belapur village. The property owner had been directed to remove the illegal construction independently but failed to comply, prompting civic intervention. The operation involved departmental officials, police personnel, and deployed labour and machinery. The civic body indicated that such enforcement measures would continue across Navi Mumbai to address unauthorised developments and ensure adherence to planning regulations.Read more

9 hours ago

EagleRock, a US-based land management company operating in the energy sector, is planning an initial public offering aiming for a valuation of up to USD 2.6 billion. The company intends to raise up to USD 346 million by offering 17.3 million shares in the price band of USD 17 to USD 20 each. The move comes as investor interest in the energy sector improves with easing geopolitical tensions in the Middle East. The firm, which earns royalty-based income from oil and gas activities on its land holdings in the Permian Basin, also plans to diversify into energy transition areas.Read more

10 hours ago

Serene Communities, the senior living arm of Lifebridge Group in collaboration with Embassy Group, has completed the handover of 239 residences at Serene Amara, a premium senior living project within the Embassy Springs township in Devanahalli, North Bengaluru. The development represents an investment of approximately INR 200 crore and marks the transition of the project into an operational residential community. The handover event was attended by senior leadership from both organisations along with residents and stakeholders. The project reflects the growing demand for purpose-built senior housing in India, with a focus on independent living supported by integrated wellness, care and social infrastructure. The development forms part of a broader trend in the evolution of senior living from care-led formats to lifestyle-oriented residential ecosystems.Read more

11 hours ago

Operations at Dubai Airports are being steadily scaled up after UAE airspace returned to normal following earlier disruptions linked to the Iran conflict. Chief executive Paul Griffiths indicated that capacity is increasing in line with available routes and airline schedules. Despite the temporary restrictions, Dubai International Airport and Al Maktoum International Airport handled more than six million passengers, over 32,000 aircraft movements, and 213,000 metric tonnes of cargo. However, DXB’s quarterly passenger traffic declined year-on-year, reflecting the impact of airspace closures, even as underlying travel demand through Dubai remained resilient.Read more

13 hours ago

Ashar Group has obtained Occupation Certificates (OCs) for two redevelopment projects—Ashar Arize in Kalwa, Thane and The Legend by Ashar in Pali Hill, Bandra—around 20 months ahead of their respective RERA deadlines. The developments together account for over 1,200 residential units delivered in the Mumbai Metropolitan Region. The early completion comes amid data indicating that over 40% of under-construction housing projects in the region face delays. The milestone reflects execution timelines in the redevelopment segment, which forms a significant share of new housing supply but is often associated with regulatory and construction complexities.Read more

14 hours ago

Dubai’s residential property market is witnessing a structural shift towards long-term ownership, according to an analysis by Dubai-based brokerage fäm Properties covering more than 1.1 million Dubai Land Department transactions. The study found that a substantial share of buyers across both primary and resale segments have continued to hold their properties for several years, indicating reduced speculative activity and increasing end-user participation. Data showed that nearly 70% of primary market homes purchased since 2012 and over 61% of resale properties acquired since 2009 have not been resold. The findings place Dubai’s ownership trends closer to mature global markets such as London and New York, where homeowners typically retain assets for more than a decade. Industry stakeholders attributed the shift to long-term residency policies, regulatory reforms, infrastructure expansion and the growing maturity of Dubai’s housing market.Read more

15 hours ago

Authorities in Delhi have initiated major road infrastructure upgrades around Indira Gandhi International Airport in preparation for the upcoming India–Africa Forum Summit. The works include road widening, resurfacing, improved signage, drainage systems and traffic management measures aimed at easing congestion and ensuring smoother movement for delegates. Key arterial routes connecting the airport to central and diplomatic zones are being prioritised. The upgrades are part of a broader urban infrastructure push to enhance city readiness for international events while addressing long-standing traffic bottlenecks in one of the capital’s busiest transit corridors.Read more

16 hours ago

The Ministry of Environment, Forest and Climate Change has scheduled the 140th meeting of its Regional Empowered Committee in Mumbai to review multiple proposals involving diversion of forest land in Maharashtra. Key projects include an 8-lane access-controlled highway for connectivity to the proposed Vadhavan Port and several national highway upgrades across districts such as Pune, Ahmednagar, Solapur, and Dharashiv. The committee also planned a field visit to assess ground conditions before discussions. An additional proposal related to industrial logistics in Gadchiroli is also part of the agenda, reflecting continued infrastructure expansion alongside environmental scrutiny.Read more

09 May 2026

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) registered 106 projects in the first four months of 2026, adding over 33,000 proposed units across residential and commercial segments. The total number of registered projects has crossed 4,100 since the implementation of the Real Estate (Regulation and Development) Act, 2016. Around 42.8% of these projects have already been completed. The data reflects stable developer activity, supported by consistent demand and improved regulatory oversight, while continuing the growth trend seen in project launches and housing supply over the past few years.Read more

09 May 2026

Ladun Investment announced that a consortium it is part of has secured the Namar infrastructure project under the first phase of the Real Estate Balance Programme. The project is valued at SAR 326.7 million. The development marks a step in the broader push to improve infrastructure linked to real estate growth. The programme focuses on supporting housing and urban expansion through better infrastructure delivery. This award adds to Ladun Investment’s ongoing involvement in construction and infrastructure projects across the region.Read more

09 May 2026

The Bihar government has introduced a digital mechanism to enable faster correction of errors in registered property documents, aiming to reduce delays and improve accuracy in land records. The system, rolled out in the past week, allows property owners to apply online for rectification of mistakes such as name discrepancies, typographical errors, and incorrect details in registered deeds. Officials stated that the initiative is designed to minimise reliance on manual processes and reduce the need for repeated visits to registration offices. The move forms part of broader efforts to digitise land administration and enhance transparency, particularly in a state where property-related documentation issues have historically led to disputes and transaction delays.Read more

09 May 2026

Police authorities in Pimpri Chinchwad have initiated enforcement action against landlords who failed to submit mandatory tenant verification details, amid concerns over security compliance in rental housing. Over 100 property owners have been booked for not providing tenant information to local police stations, as required under existing regulations. The drive, carried out in the past week, forms part of a broader verification campaign aimed at strengthening surveillance and ensuring proper documentation of tenants across residential areas. Authorities have warned of continued checks and legal action against non-compliant landlords, highlighting the importance of adherence to verification norms in urban rental markets.Read more

09 May 2026

A severe water shortage has affected residential areas and key IT infrastructure in Thiruvananthapuram, particularly in Kazhakkoottam and the Technopark region. The disruption, reported in the past week, has impacted thousands of residents and employees, with tanker supplies being arranged to mitigate the shortfall. Authorities attributed the crisis to reduced water levels at key supply sources and infrastructure constraints. IT firms operating in the Technopark area have also faced operational challenges due to inconsistent water availability. The situation has highlighted infrastructure stress in rapidly urbanising micro-markets, where residential and commercial demand has grown significantly in recent years.Read more

09 May 2026

Casagrand has launched its largest residential development, Casagrand Highcity, spanning 41 acres along Chennai’s Outer Ring Road (ORR). The project comprises over 4,000 apartments across high-rise towers and includes a large-scale sports clubhouse and integrated social infrastructure. Positioned within a rapidly developing corridor with connectivity to IT hubs such as Siruseri and Porur, the development reflects increasing scale in organised housing supply in peripheral micro-markets. The project also incorporates extensive open spaces, amenities and an on-site school, aligning with the trend of integrated township-style developments in Chennai.Read more

09 May 2026

The Bhubaneswar Municipal Corporation is dealing with a backlog of around 4,750 building plan violation cases, highlighting persistent enforcement and procedural challenges in the city’s urban governance framework. The cases, registered under the Odisha Development Authority Act, relate to unauthorised construction, deviations from sanctioned plans, and encroachments. Nearly half of the total violations remain pending across different zones, with delays attributed to limited adjudication capacity and extended timelines in ODA courts. Authorities have initiated measures such as redistributing cases and strengthening monitoring mechanisms to accelerate disposal, even as the backlog underscores broader compliance gaps in Bhubaneswar’s real estate development ecosystem.Read more

09 May 2026

Citadel is increasing its focus on Miami operations while concerns grow over a proposed tax in New York City targeting high-value second homes. CEO Ken Griffin criticised the move and raised concerns about its impact on business sentiment. Other industry leaders also warned that such taxation could influence job creation and investment decisions. Meanwhile, policymakers are working on valuation methods to implement the tax, which is expected to affect thousands of properties. Experts remain divided on its effectiveness due to gaps between assessed and market property values.Read more

09 May 2026

Dosti Realty has inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, located around 7 km from Lake Shore, Thane, marking the first such religious structure developed within its residential projects. The 125-acre integrated development, designed as a self-sustained neighbourhood, includes over 70% open spaces, a 1 lakh sq ft clubhouse, and planned social infrastructure. The project is positioned near the upcoming Kalher Metro Station, improving connectivity to Thane and the wider Mumbai Metropolitan Region. Alongside residential offerings of 1 and 2 BHK units, the township incorporates lifestyle and training facilities, including sports academies and retail spaces. The temple adds a community-oriented element aimed at supporting cultural and social interactions among residents within the development.Read more

09 May 2026

BPTP Limited has leased approximately 104,000 sq ft of Grade-A office space at its Capital City project in Sector 94, Noida to MediaTek for a new research and development (R&D) facility. The centre, which became operational in the past week, marks MediaTek’s second R&D hub in India after Bengaluru. The transaction reflects sustained demand from global technology firms for high-quality office assets in NCR, supported by strong connectivity and infrastructure. The development, located close to the Okhla Bird Sanctuary Metro Station, forms part of a 780,000 sq ft mixed-use commercial project with sustainability certifications and modern workplace amenities.Read more

09 May 2026

New Zealand-based Infratil saw its shares reach a record high after its associate, CDC Data Centres, secured a major 555-megawatt contract with a U.S. client. The deal has taken CDC’s total contracted capacity beyond one gigawatt, reflecting strong global demand for data infrastructure. The long-term agreement and planned capacity rollout over the next few years highlight growing investment in Australasia’s data centre market, supported by renewable energy access and stable conditions.Read more

09 May 2026

The Andhra Pradesh Capital Region Development Authority conducted its weekly “Grievance Day” at its headquarters in Rayapudi, receiving 53 petitions from farmers and residents of the capital region. The session, held in the past week, focused on issues including re-allotment of returnable plots, land pooling concerns, and related matters linked to the Amaravati capital city project. Senior officials, including the Commissioner and Additional Commissioner, reviewed submissions and assured timely resolution. The authority reiterated that grievance petitions can be submitted on all working days at its Citizen Grievance Centre, with dedicated weekly sessions aimed at addressing stakeholder concerns within the capital region development framework.Read more

09 May 2026

The Union government has accelerated highway development in Maharashtra by awarding multiple road projects under the build-operate-transfer (BOT) model, aimed at increasing private sector participation in infrastructure delivery. The initiative, led by Nitin Gadkari, seeks to revive BOT-based project structuring amid improved traffic visibility and financial viability. Several highway stretches across the state are being taken up under this framework, with developers expected to invest, construct, and operate the assets over a concession period. The move forms part of a broader strategy to diversify funding sources and accelerate project execution in the national highways sector.Read more

09 May 2026

DigiCo Infrastructure has announced the sale of its Chicago data centre for USD 750 million, aiming to reduce debt and strengthen liquidity while funding its Sydney expansion. The deal, expected to close in the first quarter of fiscal 2027, has significantly boosted investor confidence, pushing the company’s shares up over 25 percent. The transaction will lower net debt and improve cash reserves. DigiCo is also exploring monetisation of its Los Angeles assets and may return excess cash to investors, while maintaining its earnings outlook for fiscal 2026.Read more

09 May 2026

Abhee Ventures, a Bengaluru-based residential developer, has outlined its growth trajectory across the city’s key micro-markets, backed by a 16-year track record and over 25 completed projects. Founded in 2009, the company has built a presence in corridors such as Sarjapur Road and Electronic City, with developments spanning apartments, villas, and plotted layouts. Its current and upcoming portfolio includes multiple projects across Whitefield, Hennur, Hebbal and other emerging residential hubs. Among its pipeline is a 45-acre township on Whitefield–Sarjapur Road featuring residential units, a private lake, and recreational infrastructure. The company attributes its expansion to sustained housing demand in Bengaluru, supported by infrastructure growth and evolving buyer preferences for integrated developments and amenity-led residential formats.Read more

09 May 2026

Rays Power Infra Pvt. Ltd. has commissioned 1.1 GW of solar capacity during FY26 across Karnataka, Rajasthan and Gujarat, marking its highest annual execution to date. The addition has taken its cumulative commissioned portfolio beyond 2.4 GWp. The company is expanding its EPC order book and independent power producer portfolio while exploring hybrid renewable solutions, battery storage and green hydrogen. The milestone comes amid India’s push towards 500 GW non-fossil fuel capacity, with integrated developers scaling execution and diversifying across renewable segments.Read more

09 May 2026

The Chandigarh administration has excluded change of land use (CLU) permissions and conversion of industrial plots into commercial use from its ongoing reform agenda, citing feasibility and regulatory constraints. Officials indicated that fragmented land holdings, limited vacant land, and high infrastructure costs make CLU-based development impractical in the Union Territory. The move also aligns with restrictions under the Chandigarh Master Plan 2031 and the Periphery Control Act, 1952. Instead, the administration is prioritising alternative reforms, including higher floor area ratio (FAR), relaxed building norms, and mixed-use development in select industrial areas. The decision impacts long-standing demands from developers and industry stakeholders seeking greater flexibility in land use.Read more

09 May 2026

Chandak Group has launched a children’s book titled Little Steps to Big Dreams, aimed at introducing financial literacy concepts such as saving and investing to young readers. The initiative, unveiled in Mumbai as part of the company’s 40-year milestone, marks a diversification of engagement beyond real estate development. The launch event included participation from families, parenting communities and digital influencers, alongside interactive sessions designed to simplify financial concepts for children. The initiative reflects the developer’s focus on community engagement and social outreach, extending its role beyond housing development to educational awareness.Read more

09 May 2026

Larsen & Toubro has secured a ‘mega’ domestic order valued between INR 10,000 crore and INR 15,000 crore from JSW Steel for engineering, procurement and construction works. The contract involves installation of key process facilities, including blast furnaces and steel melt shops, across sites in Ballari, Karnataka and Paradip, Odisha. The order supports JSW Steel’s plan to expand its crude steel capacity from 35 million tonnes per annum to over 50 MTPA by 2031. The development marks L&T’s largest order in the domestic metals segment.Read more

09 May 2026

Commercial real estate investment across Asia Pacific recorded an 18% year-on-year increase to USD 46.2 billion in the first quarter of 2026, according to CBRE’s latest regional survey. The growth was led by strong capital deployment in markets such as Singapore, India and Hong Kong SAR, despite ongoing geopolitical and macroeconomic uncertainties. While investor sentiment has moderated compared to the previous six months, it remains above pandemic-era levels, supported by steady occupier demand. Cap rate trends varied across markets, reflecting local conditions, with upward pressure in Australia and stabilisation in mainland China. Institutional investors showed increased activity in select regions, while supply constraints linked to high construction costs are expected to influence medium-term investment opportunities across the region.Read more

09 May 2026

West Chennai is witnessing a significant transformation as infrastructure upgrades, industrial expansion and institutional development reshape the city’s residential landscape. Micro-markets such as Thirumazhisai are emerging as major housing destinations, supported by improved connectivity through the Chennai-Bengaluru Highway, Outer Ring Road and the upcoming Metro Phase 2 network. Residential sales in Chennai rose 9% year-on-year during the first quarter of 2026, while office leasing volumes climbed 60%, driven largely by Global Capability Centres. The corridor’s proximity to the Sriperumbudur manufacturing belt, combined with the proposed greenfield airport and the upcoming Tamil Nadu Knowledge City project, has strengthened investor and homebuyer interest. Rising land and apartment prices in Thirumazhisai reflect increasing confidence in the area’s long-term growth potential and its evolving role within Chennai’s expanding urban structure.Read more

09 May 2026

The Navi Mumbai Municipal Corporation (NMMC) conducted an eviction drive in the Belapur division earlier in the past week to remove homeless encroachments from multiple locations, including areas beneath the L&T bridge in Sector 42, Seawoods, and Sector 25, Nerul. The action was undertaken by the encroachment department under the direction of senior civic officials, with support from ward offices across Belapur, Nerul, Ghansoli and Airoli. Belongings of those occupying these spaces were seized during the operation. The drive involved coordinated deployment of labour, vehicles, and enforcement personnel, including police and security staff. Civic authorities indicated that such measures would continue in a sustained manner to manage encroachments and maintain public spaces across Navi Mumbai.Read more

09 May 2026

Sri Lankan equities ended the trading session higher on Monday, supported by strength in healthcare and real estate stocks. The CSE All Share index advanced 0.65% to close at 22,695, with SMB Finance PLC and HDFC Bank of Sri Lanka leading gains. Market activity showed lower trading volumes compared to the previous session, though turnover increased to 4.81 billion Sri Lankan rupees (USD 15.1 million). Foreign investors continued to sell equities worth 2.46 billion rupees, while domestic investors provided support with net purchases of 4.8 billion rupees, reflecting mixed participation trends.Read more

09 May 2026

Casagrand has launched its largest residential project in Hyderabad, a 35-acre villa development named Casagrand Vybe in Rajendra Nagar, marking its fifth project rollout in the city during 2026. The project forms part of the developer’s expansion strategy, adding 3.98 million sq ft to its Hyderabad portfolio. Comprising 362 five-bedroom villas, the project is positioned as a low-density development with 71% open space and pricing starting from INR 3.2 crore. The launch follows a series of residential developments undertaken by the company since its entry into the Hyderabad market in 2023. With multiple ongoing and completed projects across key micro-markets, the developer is scaling its presence amid sustained housing demand driven by infrastructure growth and employment expansion in the city.Read more

09 May 2026

Blue Owl reported better-than-expected earnings for the past quarter, supported by steady fee-related income and growth in assets under management. The firm raised USD 11 billion in new capital and saw AUM rise 15% to nearly USD 315 billion. While concerns persist around retail investor withdrawals and exposure to software-linked private credit, the company’s performance indicates continued demand. Despite market volatility and a recent decision to limit fund withdrawals, industry players maintain that private credit fundamentals remain stable, with institutional and private wealth inflows supporting long-term growth.Read more

09 May 2026

The second phase of the Ayodhya Master Plan has been formally notified, expanding the development area to around 766 sq km across Ayodhya, Basti and Gonda districts. The plan incorporates over 350 villages and introduces a structured land-use framework covering residential, commercial, industrial and transport zones. It is designed to guide long-term urban expansion, infrastructure development and tourism-led growth in the region. The notified framework includes provisions for highway-linked commercial activity, rural expansion zones and preservation of natural assets. The development aligns with broader efforts to position Ayodhya as a major religious and tourism centre while managing rapid urbanisation.Read more

09 May 2026

Real estate developers in Gujarat have approached the state regulator seeking a six-month extension for project deadlines due to rising construction costs and supply disruptions. CREDAI Ahmedabad highlighted that prices of key materials have increased sharply, affecting project viability and timelines. Global factors such as the West Asia conflict, along with labour shortages, have further slowed execution. Developers have requested that the situation be treated under force majeure provisions, similar to relief given during the pandemic, as delays may otherwise impact project delivery and financial stability.Read more

09 May 2026

RailTel Corporation of India has secured an order worth INR 497 crore for implementing an intelligent transport system (ITS) in Karnataka. The project involves deploying advanced traffic management technologies aimed at improving road safety, reducing congestion and enhancing urban mobility. The scope includes installation of surveillance systems, traffic monitoring tools and integrated command infrastructure. The initiative forms part of broader efforts by state authorities to adopt technology-led solutions for transport management. The project is expected to contribute to improved traffic efficiency and support infrastructure planning across key urban corridors in Karnataka.Read more

09 May 2026

The Prayagraj Development Authority (PDA) has relaxed its housing policy to allow more than one member from the same family to purchase flats in its residential schemes. The move aims to address demand challenges and changing family needs, especially among joint families seeking separate units. It is also expected to help clear unsold inventory across categories like EWS, LIG and MIG. The decision forms part of a broader push by the authority to improve housing uptake, simplify allotment rules and make its schemes more practical for buyers.Read more