18 minutes ago

• The Chandigarh Administration has officially permitted the use of eligible residential properties as Bed & Breakfast establishments under a newly notified tourism policy.
• The initiative aims to promote affordable homestay accommodation, strengthen the city's tourism ecosystem and provide homeowners with an additional source of income.
• Only owner-occupied residential properties measuring at least 500 square yards will be eligible, subject to registration and compliance with prescribed conditions.
• Applicants must obtain all required permissions and No Objection Certificates (NOCs) before commencing operations under the policy.Read more

Mumbai News Desk

48 minutes ago

• The Supreme Court has directed the Brihanmumbai Municipal Corporation (BMC) to consider the master layout plan for the Mumbai Coastal Road Garden and Promenade without violating its earlier order issued in January 2026.
• The Court reiterated that the project must remain accessible to the public and cannot include residential or commercial development for sale or lease.
• The applicant has undertaken that recreational and ticketed access activities will be restricted to a maximum of 15% of the project area.
• The clarification enables BMC to proceed with examining the layout plan while ensuring compliance with the Court's earlier directions.Read more

1 hour ago

Serentica Renewables has announced plans to invest INR 1 lakh crore in Rajasthan over the coming years to strengthen its renewable energy footprint in the state. The company has already deployed more than INR 10,000 crore and is expanding its portfolio across key solar hubs, including Bikaner, Jaisalmer and the upcoming Bhadla project. Rajasthan currently contributes more than half of Serentica's total solar portfolio, supporting the company's broader plan to develop a 27,000 MW renewable energy pipeline focused on supplying reliable clean power to energy-intensive industries.Read more

1 hour ago

Engineers and construction experts have raised concerns over poor construction practices, weak enforcement of building regulations and unstable ground conditions following the devastating earthquakes in Venezuela that killed at least 1,719 people. They have urged the government to immediately inspect public housing projects that remain standing to prevent further risks. While authorities have announced a commission to evaluate damaged buildings, experts say delayed assessments and long-standing issues in construction quality, maintenance and regulatory oversight may have worsened the disaster's impact.Read more

2 hours ago

Bhogapuram International Airport in Andhra Pradesh is likely to be inaugurated by Prime Minister Narendra Modi in the third week of July, with commercial operations expected to begin shortly thereafter. Developed by GMR Group under a public-private partnership model, the greenfield airport has an initial annual capacity of six million passengers. The project will replace civilian operations at Visakhapatnam Airport and strengthen aviation, logistics and regional connectivity across north coastal Andhra Pradesh.Read more

2 hours ago

Elevator manufacturer Hybon plans to invest INR 100 crore to expand manufacturing capacity, strengthen talent development and support business growth as it targets a turnover of INR 500 crore within the next three years. The company also expects revenue to grow by 20–25% in FY27, driven by capacity expansion, premium product launches and wider market presence. Alongside the investment, Hybon has entered a collaboration with Italian luxury brand Tonino Lamborghini to introduce premium elevators for residential and hospitality projects.Read more

3 hours ago

The West Bengal government has introduced a detailed three-page Standard Operating Procedure (SOP) application format aimed at strengthening oversight of construction projects before work begins. The revised form requires builders and developers to furnish comprehensive information on ownership, project consultants, engineers, contractors, material suppliers and site conditions before obtaining permission to proceed. The move is intended to improve accountability, enhance construction quality and create a more transparent audit trail by documenting the responsibilities of every key stakeholder involved in a project.Read more

3 hours ago

Kalpataru Projects International Ltd (KPIL) and its international subsidiaries have secured new orders worth INR 2,957 crore across the transmission and distribution (T&D), buildings and factories, and water business segments. The contracts cover power transmission projects in India and overseas, building and factory developments in India, and a water infrastructure project in the Middle East secured through a joint venture or consortium. The latest order book also marks KPIL's strategic entry into the Middle East water sector. The company said the diversified order inflows strengthen its business pipeline and support its growth outlook for FY26–27 across domestic and international markets.Read more

4 hours ago

PSP Swiss Property has sold its Richtipark commercial property in Wallisellen to La Foncière Urban Development for CHF 150 million, prompting the company to raise its 2026 EBITDA guidance. The revised forecast now stands at CHF 335 million, up from CHF 310 million, excluding gains and losses on real estate investments. The company has also agreed on potential earn-out payments of up to CHF 24.75 million in the coming years. Despite the transaction, PSP Swiss Property maintained its year-end 2026 vacancy forecast at 3.5%, indicating confidence in the performance of its remaining real estate portfolio.Read more

4 hours ago

CREDAI Karnataka has urged the state government to streamline project approval processes, citing prolonged delays that are affecting housing supply and increasing development costs. The developers' body has proposed time-bound clearances, digitisation of approvals and better coordination among government departments. It said faster approvals would help meet rising housing demand, improve project execution and support investment in the state's real estate sector while reducing regulatory bottlenecks faced by developers.Read more

5 hours ago

Union Minister for Road Transport and Highways Nitin Gadkari has reviewed the quality and maintenance of National Highways covering 3,245 km in Jharkhand and 4,026 km in Uttarakhand. The review meetings were conducted following feedback received through media reports and social media platforms. During the discussions, the minister directed officials to expedite maintenance works, strengthen quality monitoring and improve road conditions while ensuring adherence to construction standards. He also instructed agencies to enhance preparedness for the monsoon through drainage management, slope protection, preventive maintenance and rapid response mechanisms to improve commuter safety and the long-term resilience of the national highway network.Read more

5 hours ago

WeWork India Management has decided to expand its existing flexible workspace centre at Krishe Emerald in Hyderabad by signing an addendum to its lease agreement. The company said the expansion will require an investment of INR 98 million. The move comes as Hyderabad continues to witness healthy demand for premium flexible office spaces from enterprises, global capability centres (GCCs), startups and technology firms. The expansion is part of WeWork India's broader strategy to strengthen its presence in key commercial markets across the country amid sustained demand for managed workspaces.Read more

Mumbai News Desk

6 hours ago

The Bombay High Court has sought a timeline from the Brihanmumbai Municipal Corporation (BMC) to make all Mumbai roads fully motorable and free of potholes and unsafe manholes. Hearing a suo motu public interest litigation, the court questioned delays in installing protective manhole grills, sought details of FIRs over missing and stolen covers, and directed the Thane Municipal Corporation to expedite compensation for pothole-related deaths and injuries. The matter will next be heard on July 6.Read more

6 hours ago

Embassy Office Parks REIT has expanded its hospitality portfolio with the opening of a 211-room Hilton Garden Inn at Embassy TechVillage on Bengaluru's Outer Ring Road. The hotel has been developed to cater to the growing accommodation needs of business travellers visiting the integrated office park. The addition strengthens Embassy REIT's hospitality presence while also expanding Hilton's footprint in Bengaluru. Embassy REIT continues to diversify its portfolio beyond office assets with operational hotels, upcoming hospitality projects and renewable energy infrastructure across key commercial markets in India.Read more

7 hours ago

Stratus Properties Inc. has completed the sale of the retail component of its Jones Crossing mixed-use development for USD 46.5 million in cash, marking another step in the company's ongoing asset monetisation strategy. The transaction generated approximately USD 21.7 million in pre-tax net cash proceeds after selling costs and repayment of the project loan. The sale is part of Stratus' previously approved plan to liquidate its assets and distribute the net proceeds to shareholders. Jones Crossing is located in College Station, Texas, and is anchored by grocery retailer H-E-B within a mixed-use development.Read more

7 hours ago

Proptech platform AllHome has raised INR 200 crore in a Series B funding round at a valuation of INR 2,000 crore. Led by Bessemer Venture Partners, the round also saw participation from Google, Peak XV Partners and India Quotient. The company will use the capital to expand its AI-powered home construction platform, strengthen technology capabilities and scale operations across India. AllHome connects homeowners with architects, contractors, suppliers and financing partners through a digital marketplace.Read more

Vriti Gothi

8 hours ago

For decades, Indian investors seeking real estate exposure had little choice but to purchase physical property. Today, listed REITs offer an alternative that combines real estate ownership with stock market liquidity. Yet investors continue to compare REITs not only with property, but also with equities, fixed deposits and debt funds. Each asset class offers a different mix of returns, income, liquidity and risk. With REITs becoming a larger part of India's investment landscape, an important question is emerging: how do they stack up against traditional property ownership, equities and fixed-income investments when it comes to building wealth and generating income?Read more

8 hours ago

The Gujarat government has demolished five illegal structures near the Statue of Unity in Ekta Nagar for violating residential land-use conditions. The properties were allegedly linked to serving and retired senior IAS and IPS officers. Authorities said the action followed planning and development norm violations and formed part of an enforcement drive against unauthorised construction around the tourism zone. Officials maintained that action was taken irrespective of the owners' official status to uphold land-use regulations.Read more

9 hours ago

Bridgepoint Group is in advanced discussions to acquire Kayne Anderson Real Estate, marking a significant step in the UK-based private capital firm's expansion into the US real estate investment market. While the company has not disclosed financial terms, reports indicate the transaction could strengthen Bridgepoint's presence in property investments and lending by adding a real estate platform with around USD 22 billion in assets under management. The deal is expected to support Bridgepoint's broader strategy of expanding its private markets business through acquisitions, subject to final negotiations and regulatory approvals.Read more

9 hours ago

• Telangana State Road Transport Corporation (TGSRTC) has identified 694 vacant commercial spaces across bus stations, depots and commercial complexes for leasing through a transparent tender process.
• The initiative is aimed at monetising underutilised real estate assets while generating a steady stream of non-fare revenue for the state-run transport utility.
• The available properties include shops, offices and commercial units located in high-footfall transit hubs across Telangana.
• TGSRTC expects the programme to improve asset utilisation, create business opportunities for entrepreneurs and enhance passenger amenities at its premises.Read more

Vriti Gothi

10 hours ago

One of the most persistent assumptions in real estate is that sustainability comes at a significant cost. From energy-efficient systems and renewable energy installations to green certifications and low-carbon materials, sustainable developments are often perceived as being substantially more expensive than conventional projects. Yet as operating costs rise and occupiers place greater emphasis on environmental performance, developers are increasingly evaluating sustainability through a long-term value lens rather than upfront expenditure alone. The debate is no longer limited to how much green buildings cost to construct, but whether developers can afford not to build them.Read more

10 hours ago

• Reliance Industries' entry into the redevelopment of Mumbai's 101-acre Juhu Galli slum cluster has renewed optimism among residents after years of stalled rehabilitation efforts.
• The project is expected to provide more than 28,000 rehabilitation homes while transforming one of Mumbai's largest informal settlements into an integrated urban neighbourhood.
• Despite renewed confidence following the selection of a financially strong developer, residents remain cautious about execution timelines, transit arrangements and timely rehabilitation.
• The redevelopment marks a significant shift in Mumbai's housing sector, with large corporate groups increasingly participating in complex slum renewal projects under Maharashtra's cluster redevelopment policy.Read more

11 hours ago

• A major fire broke out at multiple warehouses in Bhiwandi, Maharashtra, leading to extensive damage to storage units containing timber, tyres and other combustible materials.
• Firefighters from several civic bodies were deployed to contain the blaze, with operations continuing for hours due to the intensity of the fire.
• No casualties or injuries were reported, as workers were safely evacuated from the affected premises.
• Authorities have launched an inquiry into the cause of the incident while assessing the extent of property damage at the warehousing hub.Read more

11 hours ago

Some cities grow gradually, while others undergo transformations so dramatic that they redefine their identity entirely. Across India, several destinations have evolved from quiet towns, industrial centres and niche cultural hubs into thriving tourism magnets, technology capitals and economic powerhouses. Driven by infrastructure development, changing industries and ambitious urban planning, these cities now attract millions of visitors, professionals and dreamers every year. Here are 10 Indian cities that reinvented themselves and emerged as some of the country's most influential destinations.Read more

11 hours ago

Adeer Real Estate Service Company has secured a six-month contract with Al Nubalaa International Real Estate Investment Company to exclusively market and sell the Millennium Hotel in Makkah. The contract is valued at around 10% of Adeer's latest annual revenue and is expected to contribute positively to the company's financial performance once the hotel sale is completed. The agreement adds to a series of recent mandates secured by Adeer in Saudi Arabia's real estate sector, reflecting the company's continued focus on marketing and brokerage services for large-scale property assets.Read more

12 hours ago

• The Varanasi–Kolkata Expressway will include wildlife passages at every 100 metres along its stretch through Jharkhand's Chatra district to ensure safe animal movement across forested areas.
• The expressway design incorporates underpasses, box culverts and dedicated crossings to minimise habitat fragmentation and reduce wildlife-vehicle collisions.
• Authorities have also proposed protective measures such as boundary fencing, noise barriers and regulated construction practices to safeguard sensitive ecosystems during execution.
• The project aims to enhance connectivity across eastern India while integrating environmental safeguards into highway planning.Read more

12 hours ago

• Hero MotoCorp and WeWork India have leased more than 6 lakh sq ft of office space at Worldmark 6 in Aerocity, New Delhi, in one of the capital's largest recent commercial leasing transactions.
• The leases reinforce Aerocity's position as a preferred business district, driven by modern Grade A office infrastructure and strong connectivity.
• The transactions reflect sustained demand from both corporates and flexible workspace operators for premium office assets despite evolving workplace trends.
• Industry experts believe large-format leasing activity is being supported by business expansion plans and continued confidence in India's commercial real estate market.Read more

12 hours ago

The Securities and Exchange Board of India (SEBI) has rejected settlement applications filed by Anil Ambani, Reliance Infrastructure and related entities in an ongoing investigation into the alleged diversion of company funds. The regulator cited the seriousness of the allegations and the existence of parallel investigations by other agencies. The case will now proceed through the regulatory process, where SEBI will determine whether any securities law violations have occurred.Read more

13 hours ago

Roadside Real Estate Plc has said it now expects its acquisition of D.A. Roberts Fuels (DAR) to be completed in the third quarter of 2026, extending the timeline announced previously. The acquisition forms part of the company's strategy to expand its roadside retail and energy forecourt business across the UK. DAR operates a high-volume petrol filling station along with a bulk fuel distribution business, and the deal is expected to strengthen Roadside's operating platform while supporting future growth through a larger fuel retail network.Read more

13 hours ago

The Karnataka government has inaugurated a 10.7-km signal-free and toll-free arterial road in Bengaluru as part of the Bengaluru Business Corridor project, providing a new east-west connectivity link between Kadabagere Cross and Challaghatta Metro Station. Opened in the past week by Chief Minister D K Shivakumar, the 10-lane corridor has been developed at a cost of INR 631 crore and is expected to reduce travel time between Magadi Road and Mysuru Road from around 60 minutes to 20 minutes. The project includes green boulevards, service roads and a dedicated cycling track, while the state government has also announced a policy to recognise landowners who voluntarily contribute land for public infrastructure projects.Read more

14 hours ago

The Goa government has notified 1.03 crore sq m of ecologically sensitive land across seven villages in South Goa's Salcete taluka as a No Development Zone (NDZ) under the Regional Plan. The protected land comprises paddy fields, salt pans and other environmentally sensitive areas intended for conservation amid increasing urbanisation. Announcing the decision during the past week, Town and Country Planning Minister Vishwajit Rane said the notification forms part of the state's ongoing exercise to identify and safeguard fragile ecosystems from development activities. Talaulim accounts for the largest share of the notified area, followed by Majorda, Seraulim, Loutolim, Utorda, Orlim and Calata. The move significantly expands the extent of protected land in one of Goa's fastest-growing regions.Read more

14 hours ago

Embassy Developments will invest approximately INR 1,500 crore to develop a 3 million sq ft Grade A office complex in Bengaluru as part of its strategy to expand its commercial real estate portfolio and create recurring rental income. The project forms the first phase of a planned 6 million sq ft office development spread across 35 acres. Managing Director Aditya Virwani said the company expects to complete the first phase over the next three years while continuing to focus on residential development. The announcement comes amid sustained demand for premium office space from Global Capability Centres (GCCs) and multinational occupiers, with the developer also targeting residential project launches worth around INR 20,000 crore during the current financial year.Read more

15 hours ago

US-based Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through open market transactions on the National Stock Exchange (NSE). The investment was made through eight Fidelity affiliates, which collectively purchased nearly 1.99 crore shares from promoter entities Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd at an average price of INR 937.85 per share. Following the transaction, the combined shareholding of the promoter and promoter group in the Mumbai-based developer declined to 70.28% from 72.27%. The acquisition comes after Lodha Developers reported higher quarterly earnings and reflects continued institutional investor interest in India's listed real estate companies.Read more

15 hours ago

• The Lucknow Development Authority (LDA) has intensified enforcement against private hostels and paying guest accommodations that allegedly violate approved building plans and fire safety norms.
• The action follows a fatal fire in Aliganj, prompting authorities to widen inspections across hostels, coaching centres and other high-occupancy commercial establishments.
• Several hostels have been sealed, leaving students and young professionals scrambling to secure new accommodation on short notice.
• While authorities maintain the drive is necessary to improve public safety, hostel operators and tenants have sought more time to comply with the new requirements before enforcement measures are implemented.Read more

16 hours ago

Coworking operators leased a record 8.6 million sq ft of office space across India's seven major cities during the first half of 2026, marking a 32% year-on-year increase, according to a report by Colliers India. The growth outpaced conventional office leasing, which remained largely unchanged at 27.1 million sq ft, taking total gross office absorption to 35.7 million sq ft, up 6% from a year earlier. Flexible workspace providers accounted for 24% of overall leasing activity, with Bengaluru, Delhi-NCR and Hyderabad contributing nearly two-thirds of total demand. The findings indicate that occupiers, including corporates and Global Capability Centres (GCCs), continue to increase their reliance on managed workspaces, driving sustained expansion by flex space operators.Read more

16 hours ago

Uttar Pradesh aims to increase its renewable energy generation capacity from around 6,000 MW to 20,000 MW over the next two to three years, Chief Minister Yogi Adityanath announced during the foundation stone laying ceremony of SAEL Industries' solar manufacturing facility in Jewar. The state government also highlighted the rapid adoption of rooftop solar installations under the PM Surya Ghar Yojana, with more than six lakh households generating over 2,000 MW of electricity. The announcement coincided with SAEL's commitment to invest INR 8,200 crore in a solar manufacturing plant that will produce six GW of solar cells and five GW of solar modules annually. The government said the investment would strengthen domestic manufacturing, support employment generation and accelerate Uttar Pradesh's clean energy transition.Read more

17 hours ago

Housing sales across India's seven major residential markets declined 6 per cent year-on-year to 90,715 units during the April-June quarter, according to Anarock, as higher property prices and economic uncertainties weighed on buyer sentiment. The consultant attributed the slowdown to geopolitical tensions in the Middle East and uncertainty surrounding employment in the IT and ITeS sectors. While sales weakened in four major cities, Bengaluru, Hyderabad and Kolkata recorded growth. At the same time, developers launched 7 per cent more homes than a year earlier, with average residential prices across the seven cities increasing by 7 per cent. Delhi-NCR registered the highest annual price appreciation at 13 per cent.Read more

17 hours ago

Amber Group expects to achieve USD 2 billion in revenue in the near term, supported by strong growth across its electronics, consumer durables, railway and defence businesses. The company, which reported consolidated revenue of INR 12,306.63 crore in FY2025-26, has commenced work on manufacturing facilities worth around INR 6,785 crore at the Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh. The investment includes India's first high-density interconnect (HDI) printed circuit board (PCB) and semiconductor substrate manufacturing facility through a joint venture with Korea Circuit, alongside a large air-conditioner and component manufacturing complex. The projects are expected to strengthen domestic electronics manufacturing, reduce import dependence and support the localisation of critical components.Read more

18 hours ago

• The Dharwad District Consumer Disputes Redressal Commission has ruled in favour of a senior citizen whose residential plot remained unregistered despite substantial payment to the developers.
• The commission directed the developers to allot an alternative plot, execute the sale deed within a specified timeframe and compensate the complainant for mental agony and litigation costs.
• The order held that the prolonged delay in registration amounted to a deficiency in service and unfair trade practice by the developers.
• The ruling reinforces consumer protection in real estate transactions by affirming that developers must honour contractual commitments after accepting payments from buyers.Read more

18 hours ago

SEDCO Capital REIT Fund's board has approved signing a memorandum of understanding (MoU) to acquire an office tower in the Al Yasmin district of Riyadh for an expected transaction value of SAR 707 million. The proposed acquisition includes a mandatory three-year leaseback arrangement by the seller, with the property expected to generate annual rental income of around SAR 69 million. The transaction is part of the REIT's strategy to strengthen its portfolio with income-generating commercial assets, subject to the completion of the acquisition process and required approvals.Read more

19 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to examine allegations of illegal groundwater extraction at multiple construction sites in Noida and Greater Noida and initiate action where violations are found. The order, passed in the past week, follows a petition alleging unauthorised dewatering and groundwater abstraction by private builders, industries and individuals across several sectors, including Noida and the Yamuna Expressway region. The tribunal has instructed the department to conduct field verification, determine whether borewells or tube wells are operating without approval, and take remedial as well as punitive action in accordance with law. The exercise is to be completed within three months as concerns over declining groundwater levels continue in the rapidly urbanising region.Read more

19 hours ago

The Chhattisgarh Housing and Infrastructure Development Board (CGHIB) has generated INR 1,532 crore through the sale of 7,388 residential and commercial properties over the past two years, marking a financial turnaround after a prolonged period of operational challenges. Announcing the figures during the unveiling of the board's new logo in Nava Raipur, Chief Minister Vishnu Deo Sai said the organisation would expand its role beyond housing construction to undertake infrastructure development across the state. He also highlighted the government's focus on affordable housing, noting that approval for 18 lakh houses under the Pradhan Mantri Awas Yojana (PMAY) was granted during the first cabinet meeting after the present administration assumed office. The board's improved financial position is expected to strengthen its capacity to execute future housing and infrastructure projects.Read more

20 hours ago

Sunteck Realty has incorporated a new wholly owned subsidiary, Eminara Buildcon Private Limited, as part of its ongoing expansion of its corporate structure. The subsidiary will undertake construction, real estate and allied activities, with Sunteck Realty holding 100% ownership through a cash subscription to equity shares. The incorporation follows a series of similar subsidiary formations by the company over the past year, reflecting its strategy of creating dedicated entities for project execution and business expansion while maintaining full ownership and operational control.Read more

20 hours ago

The Lucknow Development Authority (LDA) has intensified its enforcement drive against commercial establishments allegedly operating in violation of sanctioned building plans following the Aliganj fire that claimed 15 lives earlier this week. During the past week, the authority issued show-cause notices to more than a dozen additional premises, including coaching centres, hotels, restaurants, nursing homes and gymnasiums, across several parts of the city. Property owners have been directed to submit approved building plans and explain the alleged deviations within the stipulated period, failing which legal action may follow. The latest action forms part of a wider citywide inspection campaign targeting unauthorised commercial use of buildings and non-compliance with development regulations in the wake of one of Lucknow's deadliest recent fire incidents.Read more

21 hours ago

Private equity (PE) investments in India's real estate sector declined 23% year-on-year to USD 1.13 billion during the first half of 2026, according to Knight Frank India. The moderation in capital inflows comes amid elevated global interest rates, tighter financial conditions and heightened geopolitical uncertainty, prompting investors to adopt a more selective approach to capital deployment. Office assets continued to dominate investment activity, attracting 89% of total inflows, while residential investments fell sharply as investors preferred lower-risk opportunities. Although warehousing and retail did not record significant PE transactions during the period, Knight Frank said the absence of deals should not be interpreted as weakening fundamentals. The report indicates that investment decisions are increasingly being driven by execution certainty, liquidity and realised returns rather than growth prospects alone.Read more

21 hours ago

• Nagpur Municipal Corporation (NMC) has revived its long-pending eviction drive against 56 unauthorised commercial establishments in Kachipura after legal hurdles that delayed the exercise for nearly a decade were cleared.
• The civic body will issue 15-day notices to affected occupants before initiating demolition and eviction proceedings, following due legal process.
• Officials say the action is aimed at reclaiming encroached land and facilitating the planned redevelopment of the Kachipura area into a modern commercial and business hub.
• The renewed enforcement drive reflects NMC's broader effort to strengthen urban planning, remove illegal constructions and accelerate infrastructure-led development in Nagpur.Read more

22 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to promoters of 76 registered real estate projects for failing to upload mandatory annual audit reports for FY2024-25 within the prescribed timeline. The authority has directed the defaulting promoters to submit the pending reports within 15 days along with a late fee of INR 25,000, warning that continued non-compliance could attract penalties of up to 5% of the estimated project cost under the Real Estate (Regulation and Development) Act. UP RERA said annual audit reports are a key mechanism for ensuring financial transparency, regulatory oversight and public disclosure, enabling homebuyers to monitor project compliance and safeguarding the interests of allottees.Read more

22 hours ago

• Traffic on the Trichy–Chennai National Highway has been diverted following the closure of the Cauvery bridge near Tiruchirappalli for essential repair and strengthening works.
• Vehicles are being rerouted through alternative roads, with authorities warning of longer travel times and possible congestion, particularly during peak hours.
• The repair work aims to enhance the structural safety and durability of the bridge, which is a key link on the busy highway corridor.
• Officials have advised commuters and freight operators to plan their journeys in advance and follow designated diversion routes until normal traffic is restored.Read more

23 hours ago

The Chhattisgarh Forest Department has initiated an inquiry into the alleged felling of more than 500 trees for the construction of a 1.34-km haul road linked to the Rowghat iron ore mine in Kanker district. Officials claim the road was built without prior approval from the forest department and have issued notices to the Bhilai Steel Plant (BSP), a unit of Steel Authority of India Ltd (SAIL), along with departmental officials. A preliminary inquiry indicates that around 540 trees were cut and portions of a hill were excavated, although a detailed assessment is underway. BSP has denied any violation, maintaining that the road falls within the area covered by forest clearance granted by the Ministry of Environment, Forest and Climate Change in 2009.Read more

30 Jun 2026

The Andhra Pradesh government has disbursed INR 300 crore in compensation to over 3,200 families displaced by the Veligonda irrigation project. Chief Minister N. Chandrababu Naidu announced the payment under the state's rehabilitation and resettlement programme, aimed at supporting project-affected households. The compensation will facilitate relocation while enabling progress on the Veligonda irrigation scheme, a major water infrastructure project designed to improve irrigation coverage and drinking water supply in drought-prone regions.Read more