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The National Company Law Appellate Tribunal (NCLAT) has refused to grant an interim stay on the approved INR 14,535 crore resolution plan submitted by Adani Enterprises for debt-laden Jaiprakash Associates Ltd (JAL). The order comes in response to a plea filed by Vedanta Group challenging the National Company Law Tribunal's (NCLT) approval of the bid. While allowing implementation of the resolution plan to proceed, the appellate tribunal has clarified that the outcome will remain subject to the final ruling in the appeal. The tribunal has sought responses from the Committee of Creditors (CoC) and scheduled the next hearing for early next month, keeping the insolvency resolution process active amid ongoing legal contestation.Read more

Pune News Desk

27 Mar 2026

Lubrizol Corporation, along with Ashirvad Pipes and support from Jal Seva Charitable Foundation, has upgraded water, sanitation and hygiene (WASH) infrastructure in four government schools in Pune district. The initiative benefits over 565 students and staff by improving access to safe drinking water and sanitation systems. The project includes installation of CPVC plumbing solutions and enables supply of up to 13,000 litres of clean water daily. It also incorporates hygiene awareness sessions aimed at students and teachers to encourage better sanitation practices and long-term behavioural improvement within the school environment.Read more

27 Mar 2026

The Punjab and Haryana High Court has permitted the registration of a First Information Report (FIR) against Emaar India Ltd and its officials in connection with allegations of fraud, cheating, and criminal conspiracy linked to a Gurugram-based real estate project. The court dismissed the developer's petition seeking to quash a lower court order directing the FIR, observing that the complaint disclosed a prima facie case warranting investigation. The dispute arises from claims that the company suppressed prior agreements with third parties while entering into a joint development arrangement with another entity, leading to financial losses. The ruling allows investigative agencies to proceed with a criminal probe into the matter.Read more

27 Mar 2026

Garuda Aerospace has partnered with Rajasthan Electronics & Instruments Limited to set up a drone training centre in Jaipur under a contractual arrangement. The facility will operate as a DGCA-compliant Remote Pilot Training Organisation, aimed at developing certified drone pilots for multiple sectors including agriculture, infrastructure, surveillance, and logistics. The initiative focuses on structured practical and theoretical training to address the growing demand for skilled drone operators in India. This collaboration also reflects ongoing efforts to expand drone education infrastructure through public-private partnerships.Read more

27 Mar 2026

The Chandigarh administration has revised collector rates across residential, commercial, and other property categories, with the sharpest increase of up to 33% recorded in plotted residential segments. The revised rates, which will come into effect from the start of the next financial year, are expected to raise the base valuation for property transactions and increase stamp duty liabilities. Housing Board flats will see hikes of up to 25%, while cooperative society flats will rise by around 15%. The revision follows a structured methodology aligned with statutory provisions and includes stakeholder consultation through a draft notification. The move aims to align government-defined rates with prevailing market values while improving transparency in property transactions.Read more

27 Mar 2026

The Maharashtra State Road Transport Corporation has reintroduced 3x2 seating buses after nearly two decades, marking a shift in its fleet strategy to improve capacity and manage high passenger demand. The new Rajmata Jijau smart bus service was launched earlier this week by Devendra Fadnavis at the state legislature complex, in the presence of Eknath Shinde, Sunetra Pawar and Pratap Sarnaik. With modern safety features and a phased induction plan of around 3,000 buses, the initiative is expected to enhance connectivity, especially on high-density intercity routes.Read more

27 Mar 2026

Redevelopment activity in Nashik has accelerated significantly, with more than 16,000 ageing properties reconstructed over the past seven years, according to data from the Nashik Municipal Corporation. The surge reflects a shift from low-rise, ageing structures to multi-storey developments driven by safety concerns, rising land values, and regulatory changes. Around 2,500 properties have been redeveloped annually in recent years, primarily comprising houses, bungalows, and small residential buildings. The introduction of the unified Development Control and Promotion Regulations (DCPR) in 2020, which relaxed floor space index norms, has played a key role in enabling higher density redevelopment and improving project viability across the city.Read more

Bangalore News Desk

27 Mar 2026

WeWork India Management Limited has announced plans to invest approximately INR 31 crore to expand its flexible workspace footprint in Bengaluru by leasing an additional 81,166 sq ft. The new facility is expected to accommodate around 1,256 desks and is scheduled to become operational by May 2026. The investment will be funded through a mix of internal accruals and debt. This expansion comes amid sustained demand for flexible office solutions in Bengaluru, which remains a key commercial real estate market. The company has also undertaken parallel expansion in Pune, adding further capacity through new agreements, reflecting continued growth in enterprise-led workspace demand across major urban centres.Read more

Mumbai News Desk

27 Mar 2026

A probe by the Mumbai Metropolitan Region Development Authority (MMRDA) has found the Reliance Infrastructure-Astaldi joint venture responsible for the Metro Line 4 accident in Mulund that caused one death and injured three people. The report identified human error and lack of supervision as the main reasons behind the incident. It clarified that there was no flaw in design or materials. The authority imposed a penalty of INR 5 crore and initiated safety audits across Metro projects, highlighting concerns around execution practices and on-site monitoring.Read more

27 Mar 2026

Manasum Senior Living has entered into a partnership with Alt DRX India to introduce fractional ownership in senior living housing projects. The move allows retail investors to participate in real estate with a lower entry point, starting from INR 10,000. Through a tokenised digital platform, select Manasum projects across cities like Bengaluru, Mysuru, Goa, Tirupati and GIFT City will be made available for fractional investment. The company plans to list around 25 per cent of its inventory, valued at nearly INR 25 crore, aiming to widen investor access to senior housing.Read more

27 Mar 2026

Dubai Residential REIT has expanded its real estate portfolio with the addition of garden view villas valued at AED 241 million. The acquisition reflects the trust's continued focus on strengthening its residential asset base in Dubai's growing housing market. The move comes at a time when demand for villa communities in the emirate remains steady, driven by end-user interest and long-term investors. This addition is expected to support rental income stability and enhance portfolio diversification, aligning with the REIT's broader strategy of acquiring income-generating residential properties.Read more

27 Mar 2026

ACME Solar Holdings has expanded its battery energy storage capacity by commissioning an additional 155 MW/470.25 MWh through its subsidiaries. This takes its total commissioned BESS capacity to 297.67 MW/951.74 MWh, out of a planned 835 MW/3,114.64 MWh. The new systems, located in Rajasthan, are connected to the Inter-State Transmission System and will operate on a merchant basis, earning through peak and non-peak power price differences. The expansion supports grid reliability and efficient power use, while strengthening ACME's broader renewable portfolio of over 8,000 MW across solar, wind, and hybrid solutions.Read more

27 Mar 2026

India's office market saw steady growth in the past quarter, with gross leasing across seven major cities rising 15 per cent year-on-year to 18.3 million sq ft, according to Colliers India. Strong demand from occupiers and the continued expansion of Global Capability Centres (GCCs) supported leasing activity despite global uncertainties. Bengaluru remained the top contributor, while Hyderabad and Pune recorded sharp growth. However, Delhi-NCR and Chennai saw a decline in leasing volumes. The data reflects a mixed but overall resilient office market, with demand concentrated in key technology-driven cities.Read more

27 Mar 2026

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has approved eight new warehousing and logistics projects with a combined investment of around INR 800 crore, aimed at strengthening supply chain infrastructure across the state. Cleared under the Uttar Pradesh Warehousing and Logistics Policy-2022, the projects include five silos, two warehousing units and one logistics facility, to be developed across districts such as Unnao, Auraiya, Lucknow, Gautam Buddha Nagar and Hapur. Spread over nearly 110 acres, the developments are intended to enhance foodgrain storage capacity, support agricultural logistics, and improve industrial distribution networks. The approvals reflect growing investor participation driven by policy incentives, including financial assistance and tax benefits.Read more

27 Mar 2026

Puravankara Ltd. has reported sales exceeding INR 800 crore at the launch of its first redevelopment project, Purva Estrella, located in Lokhandwala Circle, Andheri West. The initial phase saw approximately 85% of the launched inventory absorbed, indicating strong demand in Mumbai's redevelopment segment. The project offers 2, 3 and 4 BHK residences priced between INR 3 crore and INR 7 crore. The performance reflects increasing buyer preference for redevelopment-led housing backed by established developers. The launch marks the company's entry into Mumbai's redevelopment market, with further projects planned across key locations including Thane and South Mumbai.Read more

27 Mar 2026

Telangana is advancing its Indiramma housing programme with over 1.12 lakh homes expected to be completed and handed over by the end of March, and an additional one lakh units projected for completion by June. The first phase had sanctioned 4.5 lakh houses across the state, including 12,000 units for tribal communities under ITDA areas. The government plans a second phase in April and will fund incomplete houses from the previous administration. Local committees chaired by Sarpanchs will identify beneficiaries, ensuring transparent allocation. GHMC and other towns have designated sites for construction, with an estimated INR 22,500 crore expenditure.Read more

27 Mar 2026

India can mobilise up to INR 8 lakh crore every year for road infrastructure through a mix of market borrowings and budgetary support, Union Minister Nitin Gadkari said recently. He highlighted that strong highway assets enable raising around INR 5 lakh crore annually, along with INR 3.2 lakh crore from the government. However, he pointed out that the main concern is slow utilisation of funds. He also noted that infrastructure investment has a strong multiplier effect and cited the Dwarka Expressway as an example of how road projects can drive large-scale real estate growth.Read more

27 Mar 2026

Suzlon Group has secured a 100 MW wind energy project from Gas Authority of India Ltd (GAIL), marking another step in its growing presence in the PSU segment. The project will supply clean power to GAIL's upcoming petrochemical plant in Nandurbar, Maharashtra, supporting its decarbonisation plans. Suzlon will install 47 wind turbine generators and handle the full project lifecycle, including maintenance. This is one of multiple recent PSU orders for the company, highlighting its strong execution capabilities. Suzlon already has a significant presence in Maharashtra with over 2.2 GW installed capacity and a 38 per cent market share.Read more

27 Mar 2026

Himachal Pradesh is facing financial pressure as its borrowing has reached record levels, with INR 41,173 crore raised in FY 2025-26 while INR 32,004 crore was repaid. The state's total debt is steadily increasing and is expected to cross INR 1.12 lakh crore in FY 2026-27. A shrinking tax base, rising interest payments, and the discontinuation of Revenue Deficit Grants are adding to the strain. With nearly 80 percent of the budget tied up in committed expenses, limited funds remain for development and capital projects.Read more

27 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has removed 33 structures that were obstructing the Versova Dahisar coastal road project, helping clear a key hurdle in its execution. The move is expected to support faster on-ground progress for the project, which is part of Mumbai's larger coastal road network. The stretch has faced delays due to land constraints, environmental concerns, and regulatory approvals. With physical obstructions now being addressed, the civic body is working to streamline construction and maintain timelines for improving connectivity across the western suburbs.Read more

27 Mar 2026

Krisala Developers has completed over 388 digital property registrations as part of a week-long drive in Pune, including a single-day execution of 311 agreements at the Krisala Hiranandani Township in North Hinjawadi. The initiative has been recognised by the Indian Book of Records and the Asian Book of Records for the highest number of property registrations conducted by a developer. The registrations were carried out through an e-registration process, with each transaction completed within minutes. The drive reflects sustained demand for organised residential developments in Pune, supported by infrastructure growth and a strong technology-led employment base.Read more

27 Mar 2026

SEPC Limited has approved the acquisition of a 90% equity stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC for approximately INR 1,530 crore, marking a significant overseas expansion by the Chennai-headquartered EPC firm. The transaction, structured as a share-swap arrangement, is expected to be completed within six months, subject to lender and shareholder approvals. Avenir operates in oil and gas engineering, front-end engineering design, and project management consultancy, with a strong presence across the Middle East and North Africa (MENA) region. The acquisition is aimed at enabling SEPC's entry into the global oil and gas EPC and consulting segment while enhancing its access to higher-margin engineering services and international markets.Read more

27 Mar 2026

Jindal Steel has expanded its steel-making capacity at the Angul facility in Odisha from 6 MTPA to 12 MTPA, effectively doubling output and making it one of the largest single-location steel plants in India. With this expansion, the company's total crude steel capacity has reached 15.6 MTPA, including 3.6 MTPA from its Raigarh plant in Chhattisgarh. The company has completed the expansion within the planned timeline and expects improved utilisation, stronger revenues, and better operational efficiency.Read more

27 Mar 2026

Andhra Pradesh Energy Minister Gottipati Ravi Kumar, during a review meeting held in Amaravati, urged investors and stakeholders to accelerate renewable energy projects and ensure timely commissioning. The discussion involved representatives of Brookfield-Axis and officials from the New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP). The Minister emphasized the need to address on-ground challenges promptly, while reaffirming government support in terms of land, infrastructure, and approvals. He also highlighted the state's Integrated Clean Energy Policy and the development of solar, wind, and pumped storage projects, particularly in the Rayalaseema region.Read more

27 Mar 2026

The Delhi government has presented a INR 1.037 lakh crore budget for FY27, outlining allocations across infrastructure, urban development, transport and social welfare. The budget designates 21 per cent of total spending towards environmental initiatives, while key sectors such as education, health, transport and urban development receive significant allocations. Measures include expansion of electric public transport, road upgrades, water and sewage infrastructure, and new urban facilities. The plan also introduces welfare schemes covering healthcare, women's support and education, alongside proposals for semiconductor policy development and disaster management infrastructure. The budget reflects a combined focus on urban infrastructure, environmental measures and service delivery improvements.Read more

27 Mar 2026

Sweden's consumer confidence recorded a marginal decline in March, reflecting cautious household sentiment amid ongoing economic uncertainty. Data released by the National Institute of Economic Research showed the index falling slightly compared to the previous month. However, the broader economic sentiment indicator, which includes sectors such as industry, construction and retail, saw a minor improvement. The mixed trend indicates that while consumers remain cautious about personal finances and spending, business sectors are showing some resilience, offering a balanced outlook for the country's near-term economic environment.Read more

27 Mar 2026

DBS Bank India has introduced a direct tax payment facility after receiving approval from the Central Board of Direct Taxes, allowing customers to pay various taxes through the TIN 2.0 platform. This expands the bank's digital offerings beyond GST payments and supports easier compliance with fewer errors. In a separate development, Utkarsh Small Finance Bank has partnered with the Mumbai Indians as its official banking partner for the T20 League 2026, aiming to increase brand visibility and customer engagement through marketing initiatives during the cricket season.Read more

27 Mar 2026

Construction costs for real estate projects in India are expected to increase by 3-5 per cent this year, according to a report by JLL. The rise is attributed to higher labour expenses, regulatory changes and evolving environmental standards, despite some moderation in key material prices. While cement, steel and diesel costs declined marginally in the past year, metals such as aluminium and copper recorded notable increases. Labour costs have also risen due to skill shortages and implementation of new labour regulations. The report indicates that these combined factors could impact project viability and pricing dynamics across asset classes.Read more

27 Mar 2026

National highway projects in India are facing cost increases of around 5-8% along with delays due to supply disruptions linked to the ongoing West Asia conflict. Key construction inputs such as bitumen, steel, cement and fuel have become costlier, with some prices rising up to 25%. Logistics challenges, higher freight and insurance costs are also affecting execution timelines. Developers are relying on contract clauses and alternative sourcing to manage the impact, while also seeking relief measures from authorities as the situation adds pressure to already delayed projects.Read more

27 Mar 2026

AEW UK REIT PLC has confirmed that it is evaluating a potential acquisition of Alternative Income REIT through an all-share offer. The company stated that it is currently reviewing the possibility of acquiring the entire issued and to-be-issued share capital of the target firm. Under UK takeover rules, AEW UK REIT has a deadline of April 21, 2026, to either announce a firm intention to proceed with the offer or withdraw. The development reflects ongoing consolidation trends in the REIT sector as companies look to strengthen portfolios and improve scale.Read more

27 Mar 2026

Indian Railways has revised its contract execution framework to improve construction quality and reduce delays in infrastructure projects. Contractors bidding for projects above INR 10 crore will now be evaluated for execution capacity, while limits have been placed on subcontracting to ensure accountability. Additional safeguards such as mandatory execution plans and extra performance guarantees for unusually low bids have been introduced. The Railways has also rolled out changes in freight handling and passenger services, including new wagon designs and updated ticketing rules, as part of broader efforts to improve efficiency and service delivery.Read more

27 Mar 2026

The Haryana Cabinet, chaired by Nayab Singh Saini, has approved an amendment to the Affordable Housing Policy-2013, increasing allotment rates for affordable group housing projects by 10-12%The revision comes in response to rising project costs, including land, construction materials, and labour. Under the updated framework, per sq ft carpet area rates have been revised across cities such as Gurugram, Faridabad and Sohna. The policy also clarifies adjustments for ongoing applications and introduces provisions for mixed land use development across the state.Read more

27 Mar 2026

The Uttar Pradesh government has approved the Private Business Park Development Scheme-2025 to facilitate development of plug-and-play commercial infrastructure aimed at attracting global companies, GCCs and R&D centres. The policy enables private developers to build and operate integrated business parks under a public-private partnership model, with a minimum land requirement of 10 acres. The initiative is designed to reduce project gestation periods, improve ease of doing business and support investment inflows, particularly in services and technology sectors. With long-term concession structures and revenue-sharing mechanisms, the scheme seeks to expand organised commercial real estate supply while promoting employment generation and industrial clustering across the state.Read more

27 Mar 2026

Puravankara Limited has reported a 60% increase in enquiries at its Middle East office in recent weeks, driven by renewed interest from Indian investors amid geopolitical tensions in the Gulf region. The company typically receives 150-200 enquiries per week, with the recent uptick linked to deferred buying decisions being revived. Alongside this trend, the developer has announced plans to launch 30 projects across South India and Mumbai over the next 24 months, with a gross development value exceeding INR 55,000 crore. The development reflects shifting investment patterns among overseas buyers while maintaining a cautious outlook on long-term implications for Gulf real estate markets.Read more

Pune News Desk

27 Mar 2026

An unauthorised borewell drilling activity in Pune led to damage inside an underground metro tunnel on the Shivajinagar Swargate corridor. The drilling created a six-inch hole in the tunnel roof, causing water seepage and raising safety concerns. Police have booked both the contractor and the property owner for negligence and for endangering public infrastructure. The incident was traced after metro officials detected leakage during inspection. It has again highlighted the risks of unregulated excavation work in dense urban areas with critical underground infrastructure.Read more

Mumbai News Desk

27 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has issued a seven-day deadline for handing over a plot reserved for a fire station in Andheri West, highlighting delays in strengthening emergency infrastructure. The civic body has warned that it may begin acquisition proceedings if the land is not transferred within the given timeframe. The planned facility is important for improving fire response in one of Mumbai's most densely populated suburbs. The case reflects ongoing challenges in securing reserved public amenity plots and the need for faster coordination between authorities to implement city infrastructure plans.Read more

27 Mar 2026

Infrastructure Investment Trusts (InvITs) are becoming an important funding route for infrastructure projects in India by linking operational assets with capital markets. Introduced in 2014, they help developers and government agencies monetise completed assets and reinvest funds into new projects. With rising participation from institutional investors and expansion into sectors like renewable energy, logistics, and digital infrastructure, InvITs are gaining wider acceptance. Strong regulatory norms, stable cash flows, and government support through asset monetisation plans are further improving their role in addressing long-term infrastructure financing needs.Read more

27 Mar 2026

Concerns have been raised over the condition of Vikramshila Setu after damage was reported to a temporary jacket ring around one of its pillars. Authorities are considering a structural audit to examine the overall safety and integrity of the bridge. Officials have clarified that the issue is limited to a non-structural auxiliary component and does not affect the main load-bearing structure. Despite this, precautionary inspections and monitoring are being prioritised to ensure continued safe use of the bridge for daily and commercial traffic.Read more

27 Mar 2026

Indian Railway Finance Corporation (IRFC) has signed a refinancing agreement with Hindustan Urvarak and Rasayan Limited (HURL) for up to INR 12,842 crore. The deal aims to restructure HURL's existing debt into a more sustainable repayment plan aligned with its cash flows. This is expected to ease financial pressure and improve long-term stability. The move also highlights IRFC's strategy to expand beyond railway financing into linked infrastructure sectors. HURL's fertiliser plants, which are connected to rail logistics, continue to play an important role in domestic urea production.Read more

27 Mar 2026

The Jaipur Development Authority (JDA) has launched a set of land pooling schemes aimed at facilitating planned urban expansion and improving land availability for infrastructure and housing projects in the city. The initiative seeks to involve landowners in the development process by aggregating land parcels, enabling the authority to undertake infrastructure development while returning a portion of developed land to owners. The schemes are intended to streamline land acquisition challenges, reduce litigation risks and accelerate urban development. The move comes as Jaipur continues to witness growth pressures, with authorities focusing on structured expansion to accommodate residential and infrastructure demand.Read more

Bangalore News Desk

27 Mar 2026

Embassy Developments Limited has disclosed that its subsidiary, Embassy East Business Park (EEBP), has been directed by the Karnataka Industrial Areas Development Board (KIADB) to surrender approximately 78 acres of land in the Kadugodi Industrial Area, Bengaluru, within 30 days. The order, issued earlier this month under provisions of the Karnataka Industrial Areas Development Act, 1966, alleges violations of a lease-cum-sale agreement executed in 2007 and valid until 2029. KIADB has cited unauthorised agreements with third parties as the basis for action. The company has denied the allegations, stating that all sub-lease arrangements were undertaken with necessary approvals. It is currently evaluating legal options and plans to challenge the directive before the Karnataka High Court.Read more

27 Mar 2026

Ares Management has limited investor withdrawals from its Ares Strategic Income Fund after redemption requests rose sharply in the first quarter. Investors sought to withdraw 11.6% of the fund, but only 5% will be honoured, in line with industry practice. The move reflects broader stress in the private credit market, where similar caps have been introduced by major firms. Despite pressure, the fund maintains that its portfolio remains stable, with no loans in distress and sufficient liquidity available. Analysts believe such limits are necessary to manage cash flow and protect long-term investor interests.Read more

27 Mar 2026

South Central Railway has recorded its highest-ever ticket checking revenue in the current financial year, collecting over INR 223 crore and exceeding the Railway Board's target ahead of schedule. The earnings were driven by penalties imposed on passengers travelling without valid tickets, irregular journeys, and unbooked luggage. The zone also conducted large-scale enforcement drives, including a single-day high collection during intensive checks earlier in the year. Officials attributed the growth to consistent monitoring, stricter enforcement, and increased adoption of digital ticketing systems, which together improved compliance across the network.Read more

Indore News Desk

27 Mar 2026

A proposed revision in collector guideline rates in Indore has triggered significant opposition, with over 500 objections submitted by residents, developers and legal experts. The revision, approved by the district evaluation committee, proposes rate increases ranging from 10 per cent to 200 per cent across more than 2,600 locations. Key concerns include a blanket 100 per cent hike for land near bypasses and ring roads, valuation issues for older apartment buildings and potential impact on land acquisition in peri-urban areas. Authorities have begun reviewing objections before forwarding the proposal to the state-level committee in Bhopal for final approval.Read more

27 Mar 2026

Jawaharlal Nehru Port Authority (JNPA) is considering extending DP World's Nhava Sheva International Container Terminal (NSICT) concession beyond 2028 by four years, along with an annual royalty increase. The move is aimed at aligning NSICT's tenure with the adjacent NSIGT terminal so both can be merged and auctioned as a single larger facility. This is expected to improve capacity utilisation and revenue potential. However, the proposal also raises policy concerns, as earlier commitments indicated that both terminals would be bid out without extending existing agreements.Read more

27 Mar 2026

The Uttar Pradesh cabinet has approved a land use conversion ordinance aimed at simplifying the process of changing land classification for development purposes. The decision focuses on reducing procedural delays, improving coordination between departments, and making approvals more transparent. By streamlining application handling and limiting multiple layers of verification, the state intends to support faster execution of housing and infrastructure projects. The move is also aligned with earlier administrative efforts to digitize land records and improve ease of doing business across the state.Read more

26 Mar 2026

The Bhubaneswar Municipal Corporation has issued a stop-construction order against a housing project in Nandan Vihar after residents flagged multiple violations, including unauthorised expansion and non-compliance with regulatory approvals. The action follows complaints by the residents welfare association regarding ongoing construction despite rejection of the project's expansion by the Odisha Real Estate Regulatory Authority earlier this year. Allegations include lack of mandatory permissions, failure to complete committed infrastructure, and breach of approved building norms. The civic authority has directed the developer to halt all work pending further examination, while deploying inspectors to ensure compliance. The case highlights increasing scrutiny of residential developments in Bhubaneswar amid rising disputes over adherence to planning and regulatory frameworks.Read more

26 Mar 2026

Binghatti Holding has confirmed that its construction activities remain on track despite ongoing geopolitical tensions affecting global markets. The company reported that project execution has not faced disruptions, and timelines are being maintained as planned. It also highlighted that cancellation rates continue to stay below 1 per cent, in line with its historical trend, indicating stable buyer confidence. At the same time, Binghatti has sustained strong sales performance, with average weekly sales of around AED 500 million, showing consistency with pre-tension levels and reflecting steady demand in the real estate market.Read more

26 Mar 2026

Environmentalists in Navi Mumbai have raised serious concerns after laboratory tests indicated that three major flamingo lakes DPS Lake, NRI Lake, and T S Chanakya Lake have shown signs of high pollution and ecological imbalance. These wetlands, which support migratory flamingos and other biodiversity, appear to be affected by stagnant water, disrupted tidal flow, and contamination. Activists have highlighted weak regulatory oversight and ongoing urban pressures as key factors contributing to the situation, warning that continued degradation may further impact the region's fragile wetland ecosystem and its ecological functions.Read more

26 Mar 2026

The Nagpur Municipal Corporation (NMC) is facing challenges in recovering over INR 145 crore in unpaid property tax from central and state government departments, impacting its revenue targets for the current financial year. The dues relate to around 358 government-owned properties, with state entities accounting for the majority share. Despite issuing notices and initiating follow-ups, recovery has remained slow, with only a limited portion collected so far. The shortfall comes at a time when the civic body has already revised its annual tax collection target downward. The situation has prompted the administration to consider measures such as a potential property tax increase, highlighting fiscal pressures on urban local bodies dependent on property tax revenues for infrastructure and service delivery.Read more