22 minutes ago

Flat registrations across Nagpur have been temporarily suspended as authorities begin verifying compliance with essential infrastructure and safety requirements in residential projects. The move coincides with the Nagpur Municipal Corporation (NMC) assuming responsibility for building plan approvals previously handled by the Nagpur Improvement Trust (NIT). The transition aims to strengthen regulatory oversight, improve accountability in urban development and ensure that new housing projects meet statutory planning and civic infrastructure norms before transactions proceed.Read more

52 minutes ago

Tamilnad Mercantile Bank (TMB) reported a 35% year-on-year rise in net profit to INR 412 crore for the first quarter of FY27, supported by higher core income, stronger net interest income and improved asset quality. The bank also announced plans to explore opening an overseas representative office to mobilise deposits from non-resident Indians (NRIs) and invest INR 280 crore in technology upgrades. Alongside expanding its branch presence in Tamil Nadu, Maharashtra and Gujarat, the lender continued to strengthen its balance sheet with lower bad loans, higher capital adequacy and an improved provision coverage ratio.Read more

1 hour ago

The Odisha government is stepping up its aviation infrastructure programme with plans to expand airport facilities, improve regional air connectivity and attract greater investment in the sector. The initiative aims to strengthen links between key cities, support tourism, facilitate industrial growth and improve accessibility to underserved regions. By prioritising aviation development alongside broader infrastructure projects, the state seeks to position itself as an emerging aviation hub while creating new opportunities for trade, business and economic development.Read more

1 hour ago

The Telangana government has approved an administrative sanction of INR 2,278.14 crore for the proposed joint-use airport project at Adilabad, paving the way for land acquisition and preparatory works. The project will combine defence and civilian aviation infrastructure, with over 2,000 acres identified for development. Once completed, the airport is expected to improve regional air connectivity, support industrial growth, enhance logistics and strengthen strategic infrastructure in northern Telangana.Read more

2 hours ago

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a woman who challenged a tax addition of INR 80 lakh linked to the purchase of a residential property. The tribunal held that the amount paid directly by her NRI husband from his overseas bank account could not be treated as her unexplained investment. The ruling underscores the importance of documentary evidence in property transactions involving funds remitted by family members residing abroad.Read more

2 hours ago

The Centre has advanced the redevelopment of Warangal's Mamnoor Airport by granting in-principle approval for a project estimated at nearly INR 497 crore, while the proposed airport at Bhadradri Kothagudem remains pending due to site-related issues. Authorities are awaiting a formal proposal for an alternative location before the Bhadradri project can proceed. The contrasting progress highlights the different stages of Telangana's efforts to expand regional aviation infrastructure and improve connectivity across the state.Read more

3 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Pollution Control Board (UPPCB) to verify allegations that construction activity is continuing at certain projects in Greater Noida despite closure orders issued for environmental violations. During a hearing held in the past week, the tribunal also granted the Greater Noida Industrial Development Authority (GNIDA) four weeks to submit a comprehensive report identifying projects allegedly violating environmental norms. The matter relates to an application alleging that several developments are proceeding without mandatory environmental clearances and statutory consents under environmental regulations. The tribunal has sought factual verification before considering further action against the alleged violations.Read more

3 hours ago

The Gujarat government has launched the Gujarat Shipbuilding Policy 2026 with the objective of strengthening the state's position as India's leading maritime manufacturing hub. The policy aims to attract investments of around INR 27,000 crore, create a shipbuilding capacity of 50 lakh deadweight tonnes (DWT) and generate large-scale employment. It also proposes the development of dedicated shipbuilding parks, incentives for new investments and measures to enhance the state's shipbuilding and repair ecosystem, supporting India's broader maritime growth ambitions.Read more

4 hours ago

The Delhi High Court has upheld the Central government's decision to extend Vedanta Ltd. 's production sharing contract (PSC) for the Cambay oil and gas block in Gujarat, dismissing challenges to the extension policy. The court ruled that the government's framework for extending exploration and production rights was consistent with statutory provisions and public interest objectives. The judgment reinforces policy certainty in India's upstream energy sector while recognising the importance of continued domestic hydrocarbon production.Read more

29 Jul 2026

A new bridge connecting Sector 11 in Koparkhairane with the road leading to the Pawaneshwar flyover has been inaugurated in Navi Mumbai, providing a direct route to APMC Market and Turbhe. The 41-metre-long and 7.5-metre-wide structure addresses a connectivity gap in the original CIDCO master plan, which did not include a direct road between Koparkhairane, Bonkode and the APMC area. The bridge is expected to reduce travel distance, fuel consumption and commuting time for residents of Koparkhairane, Khairanegaon and Bonkodegaon, while also serving as an alternative route towards the Thane-Belapur Road and helping ease traffic congestion on the Vashi–Koparkhairane corridor.Read more

29 Jul 2026

Knowledge Economic City (KEC) has announced that one of its subsidiaries has signed a SAR 91 million infrastructure contract with SALCO Saudi Contracting Company for works in the southeastern district of the Knowledge Economic City project. The 24-month contract covers infrastructure development, with payments to be made through monthly progress-based installments. The company said the financial impact will be reflected as cash outflows during the execution period. The latest contract follows a series of construction and infrastructure agreements signed by KEC in recent weeks as it advances development across multiple districts of the master-planned project.Read more

29 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has issued a public advisory outlining the action being taken against unauthorised constructions following directions from the Bombay High Court in ongoing public interest litigation. The civic body said surveys conducted across its jurisdiction identified 12,687 unauthorised constructions, of which 4,946 were found to have no municipal building permission. Pursuant to court orders, notices have been issued to all identified property owners, hearings are underway and demolition action has commenced ward-wise. NMMC has also urged prospective homebuyers to verify construction approvals and Occupation Certificates before purchasing properties and warned that illegal constructions will face demolition and legal action under the Maharashtra Regional and Town Planning (MRTP) Act.Read more

29 Jul 2026

Housing and Urban Development Corporation Ltd (Hudco) plans to raise an additional USD 1.3 billion through External Commercial Borrowings (ECB) over the next five months to support urban infrastructure financing across India. The company has already secured USD 700 million through ECBs this financial year and aims to mobilise up to USD 2 billion under the Reserve Bank of India's concessional forex swap window available until December 31, 2026. Alongside its borrowing plans, Hudco reported strong first-quarter FY27 financial results, with higher profit, income and a sharp decline in loan impairment provisions.Read more

29 Jul 2026

China's outstanding property loans continued to decline during the first half of the year, reflecting the country's ongoing correction in the real estate sector. Data released by the country's central bank showed that total outstanding property loans, individual mortgage loans and property development loans all recorded year-on-year declines by the end of June. The figures indicate that financing activity in the property market remains subdued despite policy measures introduced over the past year to support homebuyers, ease liquidity pressures and encourage stability in the housing sector.Read more

29 Jul 2026

The Centre has outlined plans to develop a network of 44 airports, including four hub airports, to strengthen international air connectivity across India. As part of this effort, Air India has launched its Hub and Spoke operations from Amritsar, allowing passengers to complete baggage check-in and immigration at the origin airport before connecting to international flights via Delhi. The initiative is aimed at improving connectivity for Tier-II and Tier-III cities while reducing transit hassles. Ahmedabad will be the next city to join the network, with more airports planned in the coming weeks.Read more

29 Jul 2026

The Prayagraj Municipal Corporation (PMC) is set to launch a One-Time Settlement (OTS) scheme from August 15, 2026, offering relief to property tax defaulters by reducing the additional financial burden on pending dues. The initiative aims to encourage residential and commercial property owners to clear long-standing tax liabilities while improving municipal revenue collection. The scheme is expected to benefit taxpayers with accumulated arrears and support PMC’s efforts to strengthen civic finances through improved compliance and regularisation of unpaid property tax accounts.Read more

29 Jul 2026

PRISM, the parent company of OYO, has expanded its premium hospitality business in the United Kingdom by adding 40 hotels under its Sunday Hotels and Belvilla brands. The move strengthens the company's premium presence across Europe, the Middle East and the United States, while increasing its footprint in one of its key international markets. The newly added properties include heritage hotels and business-focused assets that will be upgraded in phases. The expansion also aligns with the growing India-UK tourism corridor and supports PRISM's broader strategy of building a premium hospitality portfolio beyond its budget hotel business.Read more

29 Jul 2026

Knowledge Realty Trust reported a consolidated net profit of INR 2.51 billion for the quarter ended June, while revenue from operations stood at INR 12.43 billion. The results mark the REIT's latest quarterly financial performance after its listing and reflect continued income generation from its office asset portfolio. Along with the financial results, the trust also approved a distribution to unitholders for the quarter. Knowledge Realty Trust, backed by Blackstone and the Sattva Group, owns a portfolio of Grade A office assets across key Indian commercial real estate markets.Read more

29 Jul 2026

South Korean internet and cloud services company Naver's shares surged more than 10% after the company announced that Nvidia will invest USD 1 billion by subscribing to newly issued shares to support the expansion of its artificial intelligence data centre in South Korea. The investment strengthens the companies' partnership following their recent agreement to develop sovereign AI infrastructure across multiple regions. Along with Brookfield's financing commitment, the project is expected to create one of South Korea's largest AI computing facilities, powered by Nvidia's latest chip platforms and targeted for completion by 2028.Read more

29 Jul 2026

The National Highways Authority of India (NHAI) has clarified that damage reported on a section of the recently inaugurated Lucknow-Kanpur Greenfield Elevated Expressway was limited to surface slippage and did not involve a road cave-in. The clarification came after a video circulating on social media showed a damaged stretch near Korari in Unnao, prompting questions over construction quality. NHAI stated that only the upper wearing course over a 40-metre stretch was affected and that repairs were completed within hours, restoring normal traffic movement. The authority also said there are no plans to initiate a separate inquiry, describing the incident as a routine technical issue that can occur on bituminous roads.Read more

29 Jul 2026

The Maharashtra Cabinet has approved a major increase in the authorised and paid-up share capital of Mumbai Railway Vikas Corporation Ltd (MRVC) to strengthen the public sector undertaking's financial capacity as it takes up larger suburban railway infrastructure projects. The state also approved its contribution towards the increased capital. Alongside this decision, the Cabinet cleared stricter penalties for illegal mining through amendments to the Maharashtra Land Revenue Code and approved the creation of a dedicated Managing Director's post for the state's Artificial Intelligence and Agritech Innovation Centre under the MahaAgri-AI Policy.Read more

29 Jul 2026

A government report released recently showed that 1,847 central infrastructure projects, each valued above INR 150 crore, have recorded a cumulative cost overrun of around INR 4.93 lakh crore. The revised project cost has increased to INR 40.54 lakh crore from the original estimate of INR 35.62 lakh crore. While the report did not specify how many projects experienced cost escalation, it highlighted that more than half of the revised project cost has already been spent, with a large number of projects nearing completion. Transport and logistics continue to dominate the country's infrastructure pipeline.Read more

29 Jul 2026

The Slum Rehabilitation Authority (SRA) has registered a criminal case against two directors of Mumbai-based real estate firm Pattathu Brothers for allegedly failing to hand over mandatory amenities to a housing society in Vile Parle after completing a redevelopment project. According to the complaint, the developer secured all statutory approvals, including the Occupation Certificate, and handed over residential tenements to eligible beneficiaries but did not transfer possession of six mandatory facilities required under the redevelopment agreement. The SRA further alleged that these amenities were instead handed over to third parties for commercial gain. A case has been registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), and an investigation is underway.Read more

29 Jul 2026

Lodha Developers is planning to unlock value from its Mumbai land holdings by monetising parcels earmarked for a proposed data centre park while simultaneously expanding its presence in digital infrastructure. The strategy is expected to generate substantial capital through land transactions with hyperscale operators, while supporting the development of large-scale data centre capacity in the Mumbai Metropolitan Region. The initiative reflects rising demand for digital infrastructure and highlights the growing convergence of real estate development with India's expanding technology ecosystem.Read more

29 Jul 2026

Thailand has decided to scale back its proposed USD 30 billion land bridge project after a government review raised concerns over its commercial feasibility, financial risks and environmental impact. Instead of proceeding with the original coast-to-coast logistics corridor, the government will focus on expanding the existing Ranong Port and improving rail connectivity in southern Thailand. The review also highlighted declining project viability, potential fiscal liabilities, outdated environmental assessments and the need for stronger public consultation. Authorities, however, said improving transport infrastructure remains important to support future regional trade.Read more

29 Jul 2026

Mumbai's iconic Regal Junction is set to undergo a comprehensive urban redesign aimed at improving pedestrian movement, reducing traffic conflicts and enhancing the heritage precinct around the Gateway of India. The project will introduce wider footpaths, rationalised traffic management and new public spaces while incorporating an open-air art museum. The initiative forms part of the Brihanmumbai Municipal Corporation's broader effort to create safer, more accessible and culturally vibrant public spaces in South Mumbai.Read more

29 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) will consider a proposal to lease around 15 acres of land at the former Mulund dumping ground for construction support facilities linked to the Dharavi Redevelopment Project. The site is proposed to house a ready-mix concrete plant, precast casting yard and other temporary infrastructure required during project execution. If approved, the move is expected to streamline construction logistics while making productive use of reclaimed landfill land undergoing environmental restoration.Read more

29 Jul 2026

A 13-year-old girl died after a balcony slab collapsed at a residential building in Mumbra, Thane district, while five others were rescued from the debris with injuries. The incident occurred in a nearly four-decade-old structure, prompting emergency response teams to evacuate residents and inspect the building's condition. Authorities have launched an investigation into the cause of the collapse, once again drawing attention to the structural safety of ageing residential buildings in the Mumbai Metropolitan Region.Read more

29 Jul 2026

Poland's modernist port city of Gdynia has been added to UNESCO's World Heritage List during its centenary year, recognising its unique urban planning and architectural heritage. Developed almost entirely from scratch between the two World Wars, the city symbolised Poland's efforts to establish a major seaport after regaining independence. The recognition highlights Gdynia's well-preserved modernist architecture, maritime identity and historical significance. The listing also places the city among more than 1,270 UNESCO World Heritage Sites worldwide and follows recent additions such as the D-Day landing beaches in Normandy.Read more

29 Jul 2026

Cricketer Virat Kohli and actor Anushka Sharma have expanded their real estate portfolio with the purchase of a luxury apartment worth INR 18.29 crore in Mumbai's Versova locality. The acquisition reflects continued demand for premium residential properties in the city's western suburbs, where branded developments continue to attract high-net-worth individuals. The transaction also highlights the sustained strength of Mumbai's luxury housing market, supported by premium projects, improved infrastructure and growing interest from affluent buyers.Read more

29 Jul 2026

The Maharashtra government has approved infrastructure projects worth INR 47,600 crore, marking a major push towards strengthening transport connectivity and supporting long-term urban development. The investment spans multiple sectors, including roads, urban infrastructure and public transport, with projects aimed at improving mobility, reducing congestion and accelerating regional economic growth. The approvals underscore the state's continued focus on infrastructure-led development to support industrial expansion, attract investment and enhance the quality of urban infrastructure.Read more

29 Jul 2026

Primus Senior Living and HDFC Capital have partnered to establish a INR 2,000 crore investment platform dedicated to developing senior living communities across India. The initiative aims to expand institutional investment in a rapidly growing housing segment driven by demographic shifts and changing lifestyle preferences among senior citizens. The platform will develop ownership and rental-based projects in major cities, supporting the growth of professionally managed senior housing as an emerging asset class in India's residential real estate market.Read more

29 Jul 2026

Australian property group Dexus has agreed to sell three office properties in Sydney and Brisbane for a combined gross sale price of AUD 715 million (USD 500.43 million), surpassing its divestment target set for FY27. The transaction aligns with the company's strategy to streamline its portfolio amid challenging conditions in the commercial real estate market. Dexus said the assets were sold at values consistent with their independent valuations as of June 30, with the transaction expected to be completed in October, subject to customary conditions, including approval from Australia's Foreign Investment Review Board (FIRB).Read more

29 Jul 2026

An architect's own home is often their most personal project, a place free from client briefs, commercial pressures and conventional expectations. Across India, some of the country's most celebrated architects have transformed their residences into living laboratories of design, experimenting with climate-responsive planning, local materials, sustainability and spatial innovation. From riverfront retreats in Goa and handcrafted homes in Alibag to contemporary vertical residences in Mumbai and earth-integrated houses in Tamil Nadu, these homes reveal how architecture becomes deeply personal when designers build for themselves.Read more

29 Jul 2026

Poste Italiane plans to develop a 70 MW data centre in Italy's Lombardy region as part of its strategy to establish a large-scale artificial intelligence (AI) computing hub. The project comes alongside the state-backed financial group's proposed EUR 13 billion acquisition of Telecom Italia (TIM) and follows its collaboration with the telecom operator on existing data centre developments. According to the company, the project has already secured an identified site, power supplier and financing support from major Italian banks. The announcement reflects growing investment by European companies in AI infrastructure, although the region continues to lag the United States in data centre capacity and AI-related investment.Read more

29 Jul 2026

Radisson Hotel Group has signed 10 new hotels across seven Indian states, strengthening its presence in key metropolitan, pilgrimage and emerging tier-II and tier-III markets. The additions, announced during the second half of July, span six brands, including Radisson Blu, Park Inn by Radisson and Radisson Individuals Retreats. The expansion includes new properties in Bengaluru, Tirupati, Mathura Vrindavan, Kadapa, Jawai, Vadodara and Tadoba. The hospitality group said the signings align with its strategy of expanding through an asset-light, franchise-led model while deepening its presence in established urban markets. Radisson Hotel Group currently has more than 225 hotels operational or under development across India.Read more

29 Jul 2026

Large office transactions continued to dominate India's commercial real estate market during the first half of 2026, accounting for 59% of total leasing activity, according to a market report. The trend reflects sustained expansion by major occupiers, particularly Global Capability Centres (GCCs), technology firms and multinational companies seeking high-quality office space. The report indicates that large-format leasing remains a key driver of demand across leading office markets, reinforcing confidence in India's long-term commercial real estate sector.Read more

29 Jul 2026

The structural issue at SNN Raj Etternia in Bengaluru has brought attention to differing claims regarding the geotechnical assessment conducted for the affected residential tower. The developer has announced plans to rebuild 49 apartments after identifying structural concerns in the 18-storey building, while discussions continue over the findings of soil-related investigations. The case has highlighted the importance of accurate geotechnical studies, construction quality monitoring and safety evaluations in high-rise developments, particularly as Bengaluru continues to witness rapid expansion in residential projects.Read more

29 Jul 2026

Irish energy distributor DCC Energy has agreed to be acquired by a consortium led by U.S.-based private equity firms KKR and Energy Capital Partners in a deal valued at approximately USD 7.68 billion. The transaction reflects growing foreign interest in UK-listed companies amid relatively low market valuations. The offer includes a cash payment, a proposed final dividend and a potential additional payout linked to the sale of DCC's technology business. The company said the deal follows efforts to simplify its operations and sharpen its focus on its core energy business across Europe.Read more

Chennai News Desk

29 Jul 2026

The Airports Authority of India (AAI) is progressing with the modernisation of Chennai International Airport, with the remaining works expected to be completed by December 2026. The infrastructure upgrade is designed to expand passenger handling capacity, improve operational efficiency and enhance passenger facilities. Despite delays caused by the pandemic and adverse weather, the project has advanced significantly. Once fully completed, the expanded airport is expected to strengthen Chennai's position as a major aviation hub in southern India and support future growth in domestic and international air traffic.Read more

Chennai News Desk

29 Jul 2026

Real estate developers in Chennai have sought clarification from the Chennai Metropolitan Development Authority (CMDA) regarding the implementation of Floor Space Index (FSI) provisions under the city's Transit-Oriented Development (TOD) policy. Industry stakeholders have requested greater clarity on the applicability of premium FSI along metro corridors to ensure consistent project approvals and planning. The outcome is expected to influence future residential and commercial developments while supporting efficient land use around Chennai Metro's expanding transit network.Read more

Pune News Desk

29 Jul 2026

The Pune Municipal Corporation (PMC) has identified 12 priority road projects that it plans to complete over the next year to strengthen the city's road connectivity and ease congestion. The initiative focuses on constructing long-pending "missing links" that interrupt traffic flow across several neighbourhoods. By completing these stretches, the civic body aims to reduce travel time, improve connectivity between major corridors and create a more efficient urban road network while addressing bottlenecks caused by incomplete infrastructure.Read more

29 Jul 2026

Fresh supply of retail space in shopping malls across India's seven major cities declined 57 per cent during the first half of 2026, mainly due to construction delays, rising land costs and approval-related challenges, according to Anarock. Despite lower new completions, leasing activity remained strong, reflecting sustained retailer demand for Grade A mall spaces. Vacancy levels also continued to decline, indicating limited availability of quality retail assets. The consultancy noted that supply has consistently lagged demand over the past few years, highlighting the structural challenges involved in developing large-format shopping malls.Read more

29 Jul 2026

The CATL-Stellantis battery gigafactory in Spain will employ an average of 1,000 Chinese workers during its construction phase, with the number expected to peak at 1,700 depending on visa and work permit approvals. The joint venture, Contemporary Star Energy (CSE), has also committed to training 4,000 workers from Spain's Aragon region to operate the facility once it reaches full capacity. Construction is progressing after receiving all required approvals, while commercial production is now expected to begin in the first few months of 2027, later than the earlier target of the end of 2026.Read more

29 Jul 2026

Indian banks have mobilised nearly USD 32 billion under the Reserve Bank of India's dollar inflow schemes introduced in June, according to RBI Governor Sanjay Malhotra. The inflows are expected to strengthen India's balance of payments, with the bulk coming through the Foreign Currency Non-Resident (FCNR) deposit scheme. The RBI also noted that tax changes helped attract around USD 7 billion into debt markets through foreign portfolio investments. The central bank maintained its stance on the rupee, interest rates and inflation, while highlighting potential risks from food and fuel prices.Read more

29 Jul 2026

Battery manufacturer Highstar has introduced a battery cell portfolio designed for artificial intelligence data centres (AIDCs), targeting power backup and energy storage across multiple infrastructure layers. Announced at the 2026 GGII Energy Storage Industry Summit in China, the solution includes battery cells for uninterruptible power supply (UPS), high-voltage direct current (HVDC) systems, battery backup units (BBUs) and grid-side energy storage. The company said the portfolio combines lithium-ion and sodium-ion technologies to address increasing power density, thermal management and lifecycle requirements associated with AI-driven computing infrastructure. Highstar also participated in the launch of an industry report on AIDC power supply development and received recognition for its contribution to energy storage technologies.Read more

29 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) registered 143 real estate projects with a combined estimated investment of INR 31,952 crore during the first half of 2026. The registrations reflect sustained development activity across the state's residential market, supported by regulatory oversight and continued developer participation. The trend indicates steady investor confidence, expanding housing supply and the growing role of RERA in promoting transparency, accountability and organised growth in Uttar Pradesh's real estate sector.Read more

29 Jul 2026

Strata has invested INR 96 crore across residential developments in Chennai and Bengaluru, marking its continued expansion into professionally managed residential real estate investments. The investment has been deployed through projects in two of South India's strongest housing markets, reflecting sustained demand for structured investment opportunities in the residential sector. The move also highlights the growing role of technology-driven investment platforms in broadening access to institutional-quality real estate assets for a wider investor base.Read more

29 Jul 2026

The Municipal Corporation of Manesar (MCM) has started a survey to identify paying guest (PG) accommodations and guest houses operating from residential areas without permission. The exercise aims to verify whether such properties comply with zoning rules, building regulations and taxation norms. Officials said the mapping will help prepare a comprehensive database before action is taken against violations. The move follows MCM's broader efforts to regulate commercial activities in residential properties, improve civic oversight and address complaints related to unauthorised establishments operating across the city's rapidly developing residential sectors.Read more

29 Jul 2026

Retail Estates NV reported improved financial performance for the first quarter of its 2026-2027 financial year, supported by higher rental income and stronger earnings. Net rental income increased by 4.04% year-on-year to EUR 37.85 million, while EPRA earnings rose 7.68% to EUR 24.13 million. The company's occupancy rate remained stable at 97.71%, reflecting continued demand across its retail property portfolio. Retail Estates also maintained its expected gross dividend of EUR 5.25 per share for the financial year, indicating confidence in its operational performance and cash flow outlook.Read more