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The Supreme Court has dismissed a review petition by the National Highways Authority of India (NHAI), confirming that landowners whose land was acquired for highway projects between 1997 and 2008 are entitled to extra compensation, including solatium and interest. The court ruled that the projected financial burden of around INR29,000 crore cannot justify denying statutory rights. It also set a cut off date of March 28, 2008, limiting claims to unsettled cases. Compensation already paid cannot be recovered. The ruling strengthens landowners rights while maintaining legal certainty.Read more

30 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced a defined filing window from April 1 to April 15 for developers to submit quarterly progress reports (QPRs) for registered projects. The mandatory disclosures, covering the quarter ending March, include updates on construction progress, approvals, and project status. The regulator has cautioned that failure to comply may attract penalties of up to 5% of the project cost under the Real Estate (Regulation and Development) Act, 2016. The directive follows recent enforcement action against non-compliant developers and reinforces regulatory oversight aimed at improving transparency and accountability across the state's real estate sector.Read more

30 Mar 2026

Woodside Energy has taken over operations of the Beaumont New Ammonia facility in Texas after completing performance testing and handover from OCI Global. The plant, with a capacity of 1.1 million tonnes per year, began ammonia production in December and forms part of Woodside's expansion into lower-carbon energy solutions. However, the production of lower-carbon ammonia is expected only after 2026 due to delays linked to a third-party feedstock facility. The company has already secured several offtake agreements and continues to advance additional sales arrangements aligned with future output.Read more

30 Mar 2026

The central government is set to deploy 10,000 air-conditioned electric buses across 116 cities by 2027 under the PM e-Bus Sewa scheme. The initiative will mainly cover Tier 2, Tier 3, and hill cities to improve public transport and reduce pollution. In addition, a larger plan to introduce around 35,000 more e-buses is under consideration. The scheme includes support for charging infrastructure and operations. This move builds on earlier electrification efforts and is expected to improve connectivity, lower fuel dependence, and modernise urban transport systems.Read more

30 Mar 2026

Sula Vineyards has entered into an agreement to acquire the Nashik-based wine estate of Moët Hennessy India, which operates the Chandon brand, in an asset deal valued at INR 20 crore. The acquisition includes a 19-acre property with a fully operational winery and hospitality infrastructure. The move will strengthen Sula's production capacity and expand its wine tourism presence in Nashik. Following the deal, Chandon will exit domestic wine production. The transaction is expected to be completed in the first quarter of FY27, subject to approvals.Read more

30 Mar 2026

Hong Kong is preparing to expand its tax relief framework for asset and wealth managers by widening the scope of carried interest exemptions. The proposed changes aim to include private credit, digital assets, and overseas real estate, going beyond the current focus on private equity. This move comes as the city looks to regain its competitive position against global financial hubs like Dubai and Singapore, which have been attracting investment firms with favourable tax regimes. The proposal follows earlier consultations and is expected to be presented to lawmakers soon for approval.Read more

30 Mar 2026

Jindal Stainless has started drawing renewable energy from Oyster Renewable Energy's hybrid project in Madhya Pradesh, marking progress in its decarbonisation plans. The project is part of a larger 315 MW renewable energy agreement signed earlier, with power being supplied to its plants in Odisha and Haryana. The company has already reduced emissions significantly in FY25 and plans to further increase green energy use in FY26. With additional capacity expected soon, this move reflects a broader industry shift towards clean and cost-efficient power solutions.Read more

Pune News Desk

30 Mar 2026

The Pune Municipal Corporation has proposed a 50% property tax concession for residential properties owned by women, limited to units measuring up to 500 sq ft, as part of its budget provisions for the upcoming financial year. The move, approved by the standing committee, stops short of a broader tax waiver that had been anticipated for small properties. The civic body continues to rely on property tax as a primary revenue source, with collections projected to remain a key contributor to municipal finances. The measure is intended to provide targeted relief while maintaining revenue stability, although it has drawn criticism from citizen groups seeking wider tax exemptions. The proposal forms part of a broader fiscal strategy focused on tax-based income streams and compliance measures.Read more

30 Mar 2026

The Delhi Metro Rail Corporation has partnered with INSEAD, Singapore, to boost capacity building and professional excellence in the metro rail sector. This MoU establishes a platform for knowledge exchange between DMRC Academy and INSEAD, focusing on strategic, business, and customer service aspects of metro operations. The collaboration combines DMRC's extensive experience in urban transport systems with INSEAD's expertise in leadership and management education. It aims to enhance skill development, encourage innovation, and implement global best practices in metro management, strengthening urban transit operations and workforce capabilities.Read more

30 Mar 2026

The Employees' State Insurance Corporation has inaugurated a new branch office in Sri Muktsar Sahib, Punjab, aimed at improving access to social security services for workers and insured beneficiaries. The facility was opened by Dr Hemant Garg, Deputy Director-cum-Recovery Officer at ESIC's regional office in Punjab. The office is expected to enhance service delivery through faster grievance redressal, improved scheme implementation, and greater accessibility for beneficiaries in the region. The development aligns with ongoing efforts by the Ministry of Labour and Employment to expand institutional reach, strengthen welfare frameworks, and support compliance through digital initiatives and labour reforms.Read more

30 Mar 2026

Malaysia-based conglomerate Sunway has received overwhelming shareholder approval for its proposed acquisition of IJM Corp, with 99.97 per cent votes in favour at its annual general meeting held in the past few days. The development signals strong investor confidence in Sunway's expansion strategy, particularly in the infrastructure and construction segments. The deal is expected to strengthen Sunway's position in integrated development and engineering capabilities. The acquisition also reflects a broader trend of consolidation in Malaysia's construction sector, as companies look to scale operations and improve project execution capacity.Read more

30 Mar 2026

Construction of the Delhi-Mumbai Expressway across Rajasthan is approaching completion, with the National Highways Authority of India targeting a September deadline for the remaining sections. Of the total 373 km alignment in the state, around 338 km has already been completed, leaving approximately 35 km under construction. Key pending works include a 27 km stretch across Sawai Madhopur, Dausa and Bundi districts, along with a tunnel near Kota facing minor technical delays. Designed as a high-speed, access-controlled corridor, the expressway will significantly reduce travel time and improve regional connectivity. The project forms a critical segment of the 1,350 km greenfield corridor linking Delhi and Mumbai, aimed at strengthening logistics efficiency and inter-state mobility.Read more

30 Mar 2026

Vadodara Municipal Corporation is preparing to raise around INR 200 crore through a proposed blue bond issuance by mid-year, aimed at financing water management projects. The civic body has received regulatory approvals, and the credit rating process is currently underway. Blue bonds, similar to green bonds, are linked to sustainable infrastructure and may qualify for central government incentives. The corporation has previously accessed the bond market, raising INR 100 crore each through municipal bonds in 2022 and green bonds in 2024. The move comes amid stable but slightly declining revenue receipts and rising expenditure, reflecting the need for alternative funding sources for urban infrastructure development.Read more

30 Mar 2026

Merlin Properties is planning a primary accelerated bookbuild offering of around EUR 770 million, involving approximately 56.3 million shares, representing about 10 per cent of its total share capital. The transaction is being led by a bookrunner and will see key shareholders Banco Santander and Nortia Capital subscribing to a portion worth nearly EUR 255 million. The move is part of the company's broader capital strategy, likely aimed at strengthening its balance sheet and supporting future investments across its commercial real estate portfolio in Spain and Portugal.Read more

30 Mar 2026

Aditya Birla Real Estate Ltd has announced a redevelopment project in Mumbai through a joint venture with Parinee Group. The project is expected to unlock a development potential of around INR 1,700 crore. This move reflects the company's continued focus on expanding its urban redevelopment portfolio in key cities like Mumbai, where demand for modern housing and commercial spaces remains strong. Redevelopment projects have become a major growth driver for real estate firms due to limited land availability and increasing interest from housing societies seeking better infrastructure and living conditions.Read more

30 Mar 2026

The Kolkata Metropolitan Area (KMA) recorded 4,974 residential property registrations in February, marking a 63 per cent increase over the previous month, according to data from Knight Frank India. The growth reflects a rebound from a low base in January, while registrations remained marginally lower by 1 per cent year-on-year. Mid-sized apartments between 501 and 1,000 sq ft accounted for 58 per cent of total transactions, indicating a shift towards value-driven housing. North and South Kolkata together contributed around 75 per cent of activity, with Rajarhat, Dum Dum and Barasat emerging as leading micro-markets. The data covers both primary and secondary residential transactions.Read more

30 Mar 2026

The government has instructed the RBI to maintain retail inflation at 4 per cent with a 2 per cent tolerance until March 2031, marking the second confirmation of this target since 2016. The CPI rose to 3.21 per cent in February. The RBI has reviewed the inflation framework ahead of the next five-year cycle, seeking feedback on whether headline or core inflation should guide policy, the relevance of the 4 per cent target, and possible adjustments to the tolerance band. India's flexible inflation-targeting framework has largely succeeded in stabilizing prices and maintaining policy credibility.Read more

30 Mar 2026

The Noida International Airport (NIA) in Jewar, Uttar Pradesh, is set to be inaugurated by Prime Minister Narendra Modi, marking the launch of a major greenfield aviation project in the National Capital Region. Developed at an investment of INR 11,200 crore, the airport will initially handle 12 million passengers annually, with planned expansion to 70 million capacity. Operated by Yamuna International Airport Pvt Ltd, a subsidiary of Zurich Airport International AG, the project is expected to ease congestion at Delhi's existing airport and strengthen regional connectivity. The facility includes cargo infrastructure, logistics zones, and a dedicated maintenance hub, positioning it as a key infrastructure addition to the region.Read more

30 Mar 2026

The Reserve Bank of India infused INR 65,322 crore into the banking system through a short-term variable rate repo auction to manage liquidity pressures. The move comes amid fluctuations caused by advance tax payments and GST outflows, which have impacted surplus liquidity levels. Despite a lower-than-notified infusion, the banking system remains in surplus. In recent days, the RBI has actively used VRR auctions to inject over INR 2.08 lakh crore, alongside durable liquidity support through open market operations since January 2026, reflecting its continued efforts to maintain stability in money markets.Read more

30 Mar 2026

Delhi's latest budget for FY27 dedicates INR 8,374 crore to transform the city's transport system with a focus on cleaner, sustainable mobility. Funding prioritises the expansion of the metro under DMRC Phase IV and Phase V, development of Regional Rapid Transit System (RRTS) corridors, and electric vehicle adoption. The EV bus fleet will grow from 4,400 to 5,800, with a longer-term target of 12,000 by 2029. Investments also include charging infrastructure, new automatic testing stations, and feasibility studies to reduce congestion and pollution in the city.Read more

30 Mar 2026

Arvind SmartSpaces Ltd has entered the Mumbai redevelopment segment with a new housing society project in Santacruz, targeting a revenue potential of around INR 300 crore from the free sale component. The Ahmedabad-based developer disclosed in a regulatory filing that the project will offer an estimated saleable carpet area of 42,000 sq ft. The redevelopment aligns with the company's expansion strategy in the Mumbai Metropolitan Region (MMR), where supply of redevelopment opportunities continues to grow amid limited greenfield land availability. The project adds to the company's existing presence across key cities including Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune, and reflects continued developer interest in unlocking value through urban redevelopment.Read more

30 Mar 2026

Desun Real Estate Investment Services Group Co Ltd has announced that its subsidiary, Chengdu Desun, has secured the bid for a landmark media complex project in Chengdu. The lease for the project is set to run from July 1, 2027 to June 30, 2036, indicating a long-term operational commitment. The development highlights the company's continued expansion in China's commercial real estate and media infrastructure segment. This win strengthens its presence in Chengdu, a key emerging city, and reflects growing institutional interest in integrated media and commercial real estate assets.Read more

30 Mar 2026

Residential property prices along the Yamuna Expressway in the National Capital Region have recorded sharp appreciation over the past five years, driven by infrastructure development, particularly the upcoming Noida International Airport. According to a report by Square Yards, average apartment rates have nearly tripled, while land prices have risen by around 1.5 times, with certain micro-markets witnessing up to fivefold growth. The surge has been supported by both investor and end-user demand, linked to the airport-led development corridor. However, price growth is expected to stabilise over the next two years, with projected increases of 22% for apartments and 28% for plots, indicating a transition towards a more mature market cycle.Read more

30 Mar 2026

The Supreme Court has ruled that interest and solatium on land acquired under the NHAI Act cannot be restricted based on the financial burden of the acquiring authority. Interest must follow the Land Acquisition Act at nine per cent rather than the five per cent cap under the NHAI Act. The court rejected NHAI's plea to review an earlier ruling, despite the increase in projected liability. It also emphasized that finalized cases cannot be reopened, balancing the protection of landowners rights with legal certainty and closure in land acquisition disputes.Read more

30 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into a land sale agreement with Southern Globe Hotels and Resorts Ltd. for setting up a four-star Courtyard by Marriott hotel in Amaravati. The project involves an investment of around INR 140 crore and will include about 150 rooms. Located in Lingayapalem village, the development is expected to create nearly 200 jobs and improve hospitality infrastructure in the capital region. The company has been given defined timelines for approvals, construction, and project completion, aligning with the broader plan to strengthen Amaravati's urban and economic ecosystem.Read more

30 Mar 2026

Hong Kong-based Fosun International has announced plans to spin off its luxury resort, Atlantis Sanya, and list it on the Shanghai Stock Exchange as a real estate investment trust (REIT). The proposed listing will use the resort as the underlying asset under China's commercial property REIT framework and remains subject to regulatory approvals. The move follows earlier efforts by the group to monetise assets and manage debt, which stood at RMB 222.10 billion as of mid-2025. The Hong Kong Stock Exchange has granted a waiver allowing the spin-off without assured entitlement to existing shareholders, deviating from standard listing norms.Read more

30 Mar 2026

A performance audit by the Comptroller and Auditor General of India has identified unwarranted expenditure of Rs 297.97 crore in road projects executed in Maharashtra under the Hybrid Annuity Model (HAM). The audit, presented in the Maharashtra Legislative Assembly, examined projects implemented between 2018-19 and 2022-23. It highlighted issues in detailed project reports, incorrect cost estimations, delays in payments, and weak monitoring mechanisms. The report also pointed to excess insurance-related costs, procedural lapses, and instances where works began without required clearances, while also noting improved connectivity on certain road stretches.Read more

30 Mar 2026

Central infrastructure projects in India, each valued at over INR 150 crore, have faced cumulative cost overruns of INR 5.66 lakh crore, raising the total revised project cost to INR 41.98 lakh crore. The 1,948 ongoing projects, monitored across 17 ministries, have spent INR 19.71 lakh crore so far, with many projects in advanced stages. Transport and Logistics dominate the project landscape, followed by energy, communication, water, and social infrastructure. Several major projects were commissioned recently, and 268 additional projects were brought under monitoring, reflecting continued government focus on connectivity and essential services.Read more

30 Mar 2026

NDR InvIT Trust raised INR 410 crore through fully subscribed secured bonds, with IFC and IIFCL taking major stakes. The five year bonds carry a 7.61% coupon and are rated AAA (Stable), showing strong credit quality. The funds will be used to acquire logistics and warehousing assets, adding to the Trust's portfolio, which includes warehouses in Lucknow and Hosur. Institutional participation, including recent stake transactions by Investcorp, underscores market confidence. The Trust continues to expand strategically, targeting high-demand locations and stable, long-term tenant leases in India's logistics and warehousing sector.Read more

30 Mar 2026

Property for Industry Ltd, a New Zealand-based industrial property investor, has indicated that it is evaluating a potential issuance of 6.5-year senior secured fixed rate bonds. The move is part of the company's broader capital management strategy, which typically includes raising funds through debt instruments to support portfolio expansion and refinancing needs. While the company has not disclosed the size or timing of the proposed offer, such bond issuances are generally used to secure long-term funding at stable interest rates. The development reflects ongoing activity in global real estate debt markets.Read more

30 Mar 2026

A special CBI court in Mumbai has convicted a retired bank manager and nine others in a home loan fraud case from the early 2000s involving the Central Bank of India. The accused were found guilty of fraudulently sanctioning 17 housing loans using forged documents and fake buyers, leading to losses of around INR 48.6 lakh. The main conspirators were sentenced to five years in jail along with fines, while the bank official received a one-year sentence. The case highlights gaps in loan verification processes and the long timeline of financial crime investigations.Read more

Chennai News Desk

30 Mar 2026

Enterprise cloud applications company Workday has leased approximately 1.94 lakh sq ft of office space at Millenia Business Park in Perungudi, Chennai, to establish a global capability centre (GCC). The transaction, structured as a sublease with Cowrks and backed by Brookfield Properties, is among the larger single-occupier office commitments in the city in recent quarters. The lease is divided into two phases, combining managed workspace and conventional leasing formats, with varying rental structures. The development highlights sustained demand for Grade A office assets in Chennai, particularly from global technology firms, supported by favourable state policies and the city's growing prominence as a GCC hub.Read more

30 Mar 2026

Burmese speciality dining chain Burma Burma has raised over INR 38 crore in a private funding round, valuing the company at around INR 500 crore. The round included participation from existing investor Negen Capital along with new investors Endurance Capital and Coheron Wealth. The funds are expected to support expansion into new cities and strengthen its presence in existing markets. Founded in 2012, the brand currently operates 21 restaurants across major Indian cities, focusing on growing demand for differentiated dining experiences.Read more

30 Mar 2026

Prestige Estates Projects Ltd and Arihant Group have jointly acquired a 16.3-acre land parcel in Padi, Chennai, to develop a premium residential project with an estimated revenue potential of around INR 5,000 crore. The acquisition has been executed through their joint venture entity, Canopy Living LLP. The planned development will have a saleable area of approximately 3.6 million sq ft. The companies have not disclosed the transaction value or seller details. The project reflects continued developer interest in Chennai's residential market, supported by infrastructure growth and evolving housing demand.Read more

30 Mar 2026

VinFast Auto India has expanded its retail presence by opening its 50th dealership in Bengaluru, marking steady progress in its India growth strategy. The new 3S facility, developed with PPS Motors LLP, reflects the company's focus on premium customer experience and integrated sales and service. With plans to reach 75 outlets across 60+ cities by year-end, VinFast is strengthening its footprint beyond metros into emerging markets. Alongside retail expansion, the company is building a broader EV ecosystem, offering strong safety ratings, long warranties, and customer-focused initiatives to support electric vehicle adoption.Read more

30 Mar 2026

Delhi Police's Economic Offences Wing has registered an FIR against Experion Developers and Experion Capital following a complaint by the Enforcement Directorate in a money laundering case linked to Religare Finvest Limited. The case revolves around the alleged diversion of INR 2,036 crore by former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, including INR 150 crore used to acquire land in Gurugram. Investigators have raised concerns over the use of insolvency proceedings, loan acquisition at a discounted value, and voting control within the Committee of Creditors to influence the resolution outcome of Dignity Buildcon.Read more

30 Mar 2026

Indore-based infrastructure company Laxyo Ltd has filed draft papers with Securities and Exchange Board of India to raise INR 150 crore through an IPO. The issue will be entirely fresh equity with no OFS component. A significant portion of the proceeds will go towards debt repayment, equipment purchase, and working capital needs. The company, which operates across multiple sectors including railway infrastructure and mining, has also entered the African market with a new project in Zambia, marking a key step in its global expansion strategy.Read more

30 Mar 2026

Ceigall India Limited has entered into power purchase agreements with Maharashtra State Electricity Distribution Co. Ltd. for two solar photovoltaic projects with a combined capacity of 337 MW. The projects, being developed under Mukhyamantri Saur Krushi Vahini Yojana 2.0, involve an estimated investment of INR 1,369 crore and will be executed through the company's wholly-owned subsidiaries. One project of 190 MW will span four districts, while the 147 MW project will cover two districts, with an execution timeline of around 18 months.Read more

Noida News Desk

30 Mar 2026

ASK Property Fund has exited its INR 650 crore investment in a Mahagun Group-led residential project in Noida, generating a 21% internal rate of return and a 2.1x investment multiple. The fund had deployed around INR 310 crore in 2021 to provide structured capital for the project, which has a saleable area of approximately 2.4 million sq ft. The exit also marks the closure of its INR 1,500 crore debt fund raised in 2018, which delivered an overall multiple of 1.83x. The transaction highlights continued investor interest in structured real estate financing and reflects improving liquidity conditions in select residential developments within the National Capital Region.Read more

Gurugram News Desk

30 Mar 2026

The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has directed Imperia Structures Ltd to pay approximately INR 55 lakh as compensation to homebuyers for loss of property appreciation due to delayed possession in its The Esfera project in Sector 37C, Gurugram. The order also includes additional payments towards mental agony and litigation costs. The buyers had booked the unit in 2013, with possession due by 2017, but faced prolonged delays. HRERA noted that the developer's failure to adhere to timelines resulted in financial loss linked to rising property values in the micro-market. The ruling reinforces the authority's approach of awarding compensation beyond refunds in cases of prolonged project delays.Read more

30 Mar 2026

Brigade Enterprises Ltd has announced the launch of a new residential project, Brigade Lumina, in Bengaluru with an estimated revenue potential exceeding INR 7 billion. The development reflects the company's continued focus on expanding its residential portfolio in key urban markets. Bengaluru remains a priority market for Brigade Group due to steady housing demand and infrastructure growth. The project is expected to contribute to the company's upcoming sales pipeline and strengthen its presence in the city's competitive real estate market, where mid to premium housing demand has remained consistent.Read more

30 Mar 2026

Jawaharlal Nehru Port (JN Port), India's largest container gateway by capacity, has handled over 8 million twenty-foot equivalent units (TEUs) in the latest fiscal year, surpassing its previous record of 7.301 million TEUs. This milestone highlights consistent growth in container traffic, supported by its five separate terminals managed by leading global and domestic operators. The increase reflects both rising trade volumes and operational efficiency at the port. With plans for further capacity enhancements and improved connectivity, JN Port continues to strengthen its position as a key hub in India's maritime trade network.Read more

30 Mar 2026

Technology solutions provider Avantel Limited has secured a contract valued at INR 459.9 crore to supply and maintain Real-Time Train Information System (RTIS) devices for the Centre for Railway Information Systems (CRIS). The contract was awarded through Bengaluru-based Zetwerk, which serves as an infrastructure and technology partner to Indian Railways. Covering the supply and annual maintenance of 12,000 RTIS devices over a three-year period, the project is aimed at strengthening real-time train tracking. The RTIS initiative, developed in collaboration with ISRO, uses satellite-based technology to monitor train movement and operational parameters.Read more

30 Mar 2026

India's flexible office stock has crossed the 100 million sq ft milestone, reaching approximately 110-114 million sq ft over the past five years, according to a joint report by CBRE and FICCI. The segment has recorded a compound annual growth rate of 23-25%, with inventory nearly tripling since 2020. Bengaluru leads the market with 30-32 million sq ft, followed by Delhi-NCR and Pune. Demand is primarily driven by IT, technology, BFSI, and professional services firms, with global corporations accounting for a majority share of leasing. The growth reflects increasing enterprise adoption of flexible workspaces as part of long-term real estate strategies, particularly among global capability centres (GCCs).Read more

Mumbai News Desk

30 Mar 2026

The long-delayed Kamathipura cluster redevelopment in Mumbai is finally set to move forward, with a work order expected shortly and construction likely to begin within the next two months. Led by MHADA, the project will cover over 700 old buildings and rehabilitate around 8,000 residents into 500 sq ft homes. The plan had been stalled for more than a decade due to administrative and planning issues but has now reached the execution stage after key approvals and contractor appointments, bringing clarity to one of the city's oldest redevelopment projects.Read more

Hyderabad News Desk

30 Mar 2026

The Greater Hyderabad Municipal Corporation (GHMC) has sealed Katriya Hotel and Towers in Somajiguda over pending property tax dues of approximately INR 6.16 crore, with arrears dating back to 2017. The action forms part of a broader enforcement drive targeting high-value defaulters across the city. Despite a 90% waiver on interest under an ongoing settlement scheme, the dues remained unpaid. Alongside the hotel, five additional commercial properties were sealed for non-payment. Civic authorities have issued nearly two lakh demand notices across Hyderabad and stepped up recovery measures under the Revenue Recovery Act. The move reflects mounting pressure on municipal bodies to improve tax compliance and strengthen revenue collections.Read more

29 Mar 2026

Navi Mumbai Municipal Corporation has undertaken demolition action against an unauthorised structure in the Nerul division after the property owner failed to comply with a statutory notice issued under Section 54 of the Maharashtra Regional and Town Planning Act, 1966. The construction, located in Nerul village, was found to be ongoing despite prior enforcement warnings. The action was executed under the direction of Municipal Commissioner Dr Kailas Shinde, with supervision from senior officials including Additional Commissioner Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad. The operation involved municipal staff, labourers and mechanised equipment, supported by police personnel. The civic body has stated that enforcement drives will continue to address unauthorised developments across its jurisdiction.Read more

29 Mar 2026

CleanMax Enviro Energy Solutions is planning a capital expenditure of around INR 7,000 crore to expand its renewable energy capacity by 1,500 MW by FY27. The company is focusing on the commercial and industrial (C&I) segment, where demand for green power is rising steadily. With an existing capacity of about 2.8 GW and a strong pipeline, CleanMax aims to scale up its presence across key states. The expansion will include solar, wind and hybrid projects, along with increased inter-state supply capabilities to serve large corporate clients.Read more

29 Mar 2026

The Delhi-Dehradun Expressway is nearing completion, with most stretches ready and phased openings expected from April. The 210-213 km access-controlled corridor, built at an estimated cost of around INR 12,000-13,000 crore, will reduce travel time between the two cities from 6-7 hours to about 2-2.5 hours. Final works such as lane markings and safety checks are underway. The project includes a key wildlife corridor through Rajaji National Park and is expected to improve connectivity, ease congestion, and support tourism and real estate growth along the route.Read more

29 Mar 2026

Indian Railways has cleared projects worth INR 647.58 crore in Gujarat and Bihar to improve rail connectivity and reduce congestion. The plan includes a rail-over-rail flyover at Kosamba and a rail bypass at Bhagalpur. These projects aim to streamline train operations, improve safety, and increase line capacity on busy routes. The Kosamba flyover will support a key gauge conversion project, while the Bhagalpur bypass will help decongest existing tracks. The move is part of the Railways ongoing focus on improving efficiency and network capacity.Read more