Ahmedabad News Desk

13 minutes ago

The Ahmedabad Municipal Corporation (AMC) has demolished 20 residential houses and four shops in the Narol area to facilitate the development of an 18-metre-wide road under Town Planning Scheme 60. The action, carried out after prior notices to occupants, cleared approximately 3,510 square metres of land required for a 195-metre road stretch. Officials stated that the structures were obstructing the approved road alignment and had not been voluntarily removed despite warnings. The demolition was executed in the presence of police to ensure compliance and maintain order. The move forms part of the city's broader infrastructure push aimed at improving urban mobility and implementing planned development layouts across emerging corridors in Ahmedabad.Read more

23 Mar 2026

Railway-focused EPC firm Trenzet Infra Ltd has filed draft papers with the Securities and Exchange Board of India to raise capital through an initial public offering. The issue comprises a fresh equity issuance of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters. The proceeds will be deployed towards working capital needs, procurement of construction equipment, and general corporate purposes. The company, which specialises in railway and allied infrastructure projects, reported revenue of INR 333.41 crore and a profit of INR 26.95 crore in FY25, with a strong order book of around INR 1,600 crore.Read more

23 Mar 2026

Zenlayer has introduced its Fabric Port service in Singapore, aiming to simplify how enterprises connect and expand their digital infrastructure globally. The service acts as a single access point, allowing businesses to create virtual connections to cloud platforms, data centres, internet exchanges, and network providers. With support for speeds up to 400 Gbps, it is designed to meet the needs of distributed AI infrastructure requiring fast and reliable connectivity. Singapore has been chosen as the first launch market due to its role as a key global interconnection hub, with plans to expand to other major regions.Read more

23 Mar 2026

State-run power producer NTPC has entered into a memorandum of understanding with UK-based Octopus Energy Group to jointly explore opportunities across electricity distribution, renewable energy, and storage segments. The agreement, signed at the Bharat Electricity Summit 2026 in New Delhi, outlines a non-binding framework for collaboration in India, the UK, and other mutually agreed markets. The partnership will also examine areas such as electric vehicle charging infrastructure, digital energy platforms, research and development, and capacity building. The initiative is aimed at improving efficiency, affordability, and reliability in power systems while supporting the expansion of clean energy solutions in multiple geographies.Read more

Hyderabad News Desk

23 Mar 2026

WeWork India has secured a managed office agreement worth approximately INR 475 crore with TMUS India for a large workspace in Hyderabad. The project spans over 2.5 lakh sq ft across five floors and will accommodate more than 1,500 workstations under a long-term arrangement. The deal reflects sustained demand for flexible and managed office solutions from multinational corporations and global capability centres. Hyderabad continues to attract large occupiers due to its established technology ecosystem and commercial infrastructure. The transaction highlights a shift in leasing preferences towards customised, scalable workspaces managed by specialised operators rather than conventional long-term leases.Read more

23 Mar 2026

Singapore's High Court has dismissed applications by Standard Chartered Bank (Singapore) and BSI Bank to participate in winding-up proceedings involving entities linked to the 1Malaysia Development Berhad (1MDB) case. The court ruled that the banks did not have legal standing in four cases initiated by British Virgin Islands-based companies in liquidation, including entities holding real estate-related assets. The proceedings are part of efforts to recover funds allegedly misappropriated from the Malaysian sovereign wealth fund. The ruling follows an earlier decision rejecting attempts by liquidators to pursue claims against the banks in Singapore, reinforcing legal limits on participation in cross-border insolvency matters.Read more

23 Mar 2026

State-owned NBCC has been awarded a contract valued at INR 5,800 crore to develop the Rajasthan Mandapam project in Jaipur by the Rajasthan State Industrial Development & Investment Corporation (RIICO). The project, located near Jaipur International Airport, spans over 90 acres with a built-up area exceeding 94.53 lakh sq ft. Planned as a large mixed-use development, it will include a convention centre, exhibition halls, Global Capability Centres, IT/ITES office spaces, hotels, retail zones, residential units, and public infrastructure such as a museum and riverfront spaces. NBCC will execute the project under a self-financing model and is expected to initiate the tendering process shortly.Read more

23 Mar 2026

SBI Funds Management has filed draft papers with the Securities and Exchange Board of India (Sebi) to launch its initial public offering, structured entirely as an offer for sale of up to 20.37 crore equity shares. The proposed issue does not include any fresh capital raising and will involve stake dilution by existing promoters, State Bank of India and Amundi India Holding. The IPO will be managed by a consortium of investment banks, including Kotak Mahindra Capital, Axis Capital, BofA Securities India, HSBC Securities and Capital Markets (India), ICICI Securities, Jefferies India, JM Financial, Motilal Oswal Investment Advisors and SBI Capital Markets. The move marks the asset management firm's entry into public markets amid continued investor interest in financial services platforms.Read more

23 Mar 2026

IndiQube Spaces Ltd has signed a leasing agreement with a foreign firm to provide 1,140 desks at its co-working facility, IndiQube Orchid, in Pune. The client is establishing a Global Capability Centre (GCC), with the deal valued at approximately INR 54 crore over a five-year tenure. The workspace is spread across multiple floors within the facility. The transaction reflects continued demand for flexible office solutions from multinational firms setting up GCCs in India. IndiQube, which was listed on stock exchanges in the past year, currently operates across 17 cities with a portfolio exceeding 9.55 million sq ft under management.Read more

23 Mar 2026

Mahindra Holidays & Resorts India Ltd has expanded its hospitality portfolio with the addition of 159 rooms through the launch of two new resorts Club Mahindra Amba Ghat in Maharashtra and Club Mahindra Bandhavgarh in Madhya Pradesh. The development forms part of the company's expansion strategy to add 1,000 rooms in FY26 and scale its total inventory to 12,000 keys by FY30. The new properties strengthen the company's presence in western and central India, while aligning with rising demand for nature-led and experiential travel destinations. The move reflects continued investment in leisure infrastructure across emerging tourism locations in the country.Read more

23 Mar 2026

Australian superannuation fund Rest has committed up to USD 250 million (approximately INR 2,075 crore) to a US retail property fund managed by Nuveen Real Estate, signalling continued institutional interest in stable, income-generating assets. The investment will be directed towards the US Cities Retail Fund (USCRF), which focuses on neighbourhood shopping centres anchored by grocery and essential retail tenants across major metropolitan markets. The fund currently holds 10 assets, with additional properties being added to its portfolio. Rest expects the investment to deliver steady, risk-adjusted returns while enhancing diversification within its global real estate holdings. The move comes amid resilient consumer spending trends in the United States, supporting demand for necessity-driven retail formats.Read more

23 Mar 2026

NTPC, through its step-down subsidiary NTPC Renewable Energy Ltd, has begun commercial supply of 165 MW power from the 1200 MW Khavda-II solar project in Gujarat. This marks the commissioning of the fourth part capacity of the project under its renewable energy portfolio. With this addition, the overall installed capacity of the NTPC group has increased to 88,709 MW, while commercial capacity stands at 87,629 MW. The renewable subsidiary, operating under NTPC Ltd via NTPC Green Energy Limited, continues to expand its solar energy contribution.Read more

23 Mar 2026

India will need an estimated USD 2.2 trillion investment in its power sector over the next two decades to support capacity expansion, grid modernisation, and energy transition efforts, according to Union Power Secretary Pankaj Agarwal. Speaking at the Bharat Electricity Summit 2026, the official outlined the country's targets of achieving 500 GW of renewable energy capacity by 2030 and adding 97 GW of coal-based thermal capacity by 2034-35. The sector has seen rapid growth, with total installed capacity crossing 520 GW and peak demand deficits declining sharply. Policymakers emphasised the need for regulatory reforms, market redesign, and flexible energy systems to manage rising renewable integration, alongside initiatives such as PM-Kusum and PM Surya Ghar Muft Bijli Yojana.Read more

23 Mar 2026

Vonovia, Germany's largest residential real estate group, reported a return to profitability in 2025 after several years of losses driven by a prolonged property downturn. The company recorded a net profit of EUR 4.19 billion in 2025 compared to a loss of EUR 962.3 million in the previous year. This marks a turnaround following three consecutive years of negative results. The management indicated that it will maintain its financial guidance for 2026 and its outlook for 2028, while also acknowledging ongoing pressure from higher financing costs.Read more

23 Mar 2026

Wipro has announced the launch of a new technology hub at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, aimed at delivering AI-driven solutions to global banking, financial services, and insurance (BFSI) clients. The facility will initially accommodate 150 employees, with plans to scale up to 500 seats based on demand. The centre will focus on areas such as digital banking, capital markets, regulatory technology, risk management, and platform modernisation. Integrated with Wipro's AI-led platforms, the hub is intended to support innovation, strengthen client engagement, and address rising global demand for technology-led transformation in the financial services sector.Read more

23 Mar 2026

The Central Board of Direct Taxes (CBDT) has notified the Income-tax Rules, 2026, which will come into effect from April 1 and operationalise the new Income-tax Act, 2025. The rules retain the existing house rent allowance (HRA) exemption structure, allowing salaried individuals in eight major cities including Mumbai, Delhi, and Bengaluru to claim up to 50 per cent of salary, while others remain eligible for 40 per cent. However, the framework now mandates disclosure of landlord-tenant relationships for claiming HRA benefits. The revised rules introduce over 150 forms, tighten provisions around capital gains and foreign income tax credits, and expand auditor responsibilities. The new regime is aimed at simplifying compliance while strengthening reporting and verification mechanisms across taxpayers and institutions.Read more

23 Mar 2026

India's real estate sector is undergoing rapid change, driven by growth in Tier 2 and Tier 3 cities, rising digital adoption, and increasing focus on sustainability and transparency. In this evolving environment, ET Now Best Realty Brands 2026 is set to recognise developers and allied players contributing to this transformation. The platform evaluates participants on parameters like innovation, quality, customer experience, and market credibility. With nominations now open, the initiative highlights how the industry is moving towards a more integrated, technology-led, and consumer-focused ecosystem while setting new benchmarks for trust and performance.Read more

23 Mar 2026

Hindustan Construction Company (HCC), through its joint venture Aakshya HCC, has secured a contract worth approximately INR 1,662 crore from the Brihanmumbai Municipal Corporation (BMC) for Phase IV of the Goregaon Mulund Link Road project in Mumbai. The project is part of a larger infrastructure corridor aimed at improving East-West connectivity in the city. HCC holds a 49% stake in the joint venture. The company has a long track record in infrastructure development, including highways, tunnels, bridges, and contributions to hydro and nuclear power capacity in India.Read more

23 Mar 2026

PBP Eco Aqua, a provider of in-house water bottling plant solutions, has secured an RFQ to supply systems across the Radisson Hotels and Louvre Hotels (Sarovar) portfolio in India. The mandate spans a growing network, with Radisson operating over 200 hotels and aiming for 500 by 2030, while Louvre Hotels continues to expand under the Sarovar brand. The company, known for its turnkey solutions, has worked with over 100 clients across multiple cities. The rollout is planned to begin in April 2026 under a phased implementation approach focused on scalability and operational efficiency.Read more

23 Mar 2026

The Union government has approved an allocation of INR 33,660 crore under the Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks across India. The scheme is aimed at strengthening manufacturing, attracting investment, and reducing setup delays by offering ready infrastructure and pre-approved land. States will support implementation by providing land and facilitating development. The programme is planned over six years, with parks ranging from 100 to 1,000 acres, and smaller thresholds set for hilly and North Eastern regions to account for terrain constraints.Read more

23 Mar 2026

Mahindra Lifespace Developers Ltd has launched the first two phases of its mixed-use housing project Mahindra Rainforest located on LBS Marg in Kanjur, Mumbai. Spread across 25.47 acres, the development is positioned as one of the larger projects in Mumbai's central suburbs and is planned as an integrated lifestyle destination. The company expects the residential phases to generate a gross development value of about INR 3,000 crore. While the firm has not disclosed the investment required, it continues to expand its presence across residential and integrated developments in multiple Indian cities.Read more

23 Mar 2026

Besqab AB has completed the sale of the final apartment in its Lilla Hll residential project located in Hgersten. The development, which was launched as part of the company's housing portfolio in Sweden, has now reached full absorption with all units sold. The announcement reflects the company's steady progress in executing its residential projects and aligning supply with market demand. The sale marks the closure of this specific project, indicating successful completion of its planned residential offering without remaining inventory.Read more

23 Mar 2026

Honda Motorcycle & Scooter India (Honda Motorcycle & Scooter India) has announced an investment of around INR 1,500 crore to establish a third production line at its Tapukara manufacturing facility in Rajasthan. The new line, expected to become operational in 2028, will add an annual capacity of 6.7 lakh units, increasing the plant's total output to 2.01 million units. The expansion is also projected to create over 2,000 jobs and support the company's broader capacity growth plans across India. HMSI's total production capacity is targeted to rise to about 8 million units by FY28.Read more

23 Mar 2026

India has urged global investors to participate in its power and energy sector, highlighting opportunities in manufacturing, renewable energy, and infrastructure development. A written message from Prime Minister Narendra Modi, read out at a recent energy summit, emphasized collaboration under the make in India, innovate in India, invest in India, and scale with India approach. The country's progress in non-fossil fuel capacity, along with policy reforms and initiatives like nuclear energy expansion and distributed solar adoption, was presented as evidence of a growing, investment-friendly energy ecosystem aligned with long-term development goals.Read more

23 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has rejected a proposal seeking an additional cost escalation of around INR 7.9 crore for the Goregaon flyover extension project. The matter was placed before the civic standing committee by the administration, but members did not grant approval and asked for further examination. The committee has directed that a site inspection be conducted before reconsidering the proposal. The flyover project has already seen multiple revisions in its overall cost over time, and concerns related to delays and planning have led to closer scrutiny of further expenditure requests.Read more

23 Mar 2026

An unauthorised borewell drilling activity near Metro Cinema in South Mumbai resulted in damage to a section of the underground Mumbai Metro Line 3 tunnel close to Chhatrapati Shivaji Maharaj Terminus. The work was carried out within a government premises without the required permissions, leading the Mumbai Metro Rail Corporation to file a police complaint against the contractor. Authorities confirmed that metro services continued without disruption. The incident has raised concerns about unregulated excavation in sensitive zones where prior approvals are mandatory to protect critical underground infrastructure.Read more

23 Mar 2026

The government has revised the model concession agreement for multi-modal logistics parks to improve project execution and attract private investment. The updated framework introduces clearer performance standards, better monitoring, and faster dispute resolution. These parks, planned across 35 high freight locations, will be developed under a public-private partnership model. The changes aim to address delays seen in earlier infrastructure projects and improve ease of doing business. The initiative is aligned with larger connectivity programmes and is expected to reduce logistics costs and improve supply chain efficiency in India.Read more

23 Mar 2026

Punjab Chief Minister Bhagwant Mann stated that the state has significantly expanded its irrigation coverage over the past four years by increasing canal water usage from 26.5 per cent to around 78 per cent of agricultural land. The government has invested INR 6,700 crore in canal infrastructure, including lining, repairs, and restoration of canals and watercourses. Several long-defunct canals, including the Sarhali canal in Tarn Taran and the Kandi canal in Hoshiarpur, have been revived, improving water access across villages and reducing dependence on groundwater.Read more

23 Mar 2026

Air India and Air India Express have resumed and expanded their flight operations to West Asia, operating a total of 48 services as airspace restrictions in the region ease. The flights include both scheduled and non-scheduled operations, supporting connectivity to key destinations such as Dubai. The resumption follows earlier disruptions caused by ongoing geopolitical tensions. While some routes remain suspended, the airlines are gradually restoring services based on regulatory approvals, passenger demand, and evolving operational conditions in the region.Read more

23 Mar 2026

Kenya is set to restart a multi-billion-dollar extension of the Kenya Standard Gauge Railway that had remained stalled for more than six years after initial financing from China slowed down. The earlier phase connecting Mombasa to Nairobi was completed in 2017, but further expansion toward Rift Valley was delayed due to funding gaps. The new phase is being supported through securitisation of railway revenues and continued participation of Chinese firms, including the China Road and Bridge Corporation, reflecting a shift in financing strategy.Read more

23 Mar 2026

A parliamentary panel has flagged uncertainty around the Chabahar Port project due to changing geopolitical conditions and US sanctions on Iran. While India has already completed its committed investment of USD 120 million, no fresh budget allocation has been made for the upcoming financial year. The port remains strategically important for India's trade access to Afghanistan and Central Asia, bypassing Pakistan. However, evolving global policies, regional tensions, and the status of sanctions waivers have raised concerns about the project's continuity and future operational clarity.Read more

23 Mar 2026

Air travel has been impacted as several airlines cancel or reroute flights due to rising tensions in the Middle East. Temporary airspace restrictions and operational safety concerns have led carriers to suspend services on key routes, especially those connected to Gulf destinations. Both regional and international airlines have adjusted schedules, reduced frequencies, or introduced alternate flight paths. These changes have resulted in delays, cancellations, and passenger inconvenience. Airlines continue to monitor the situation closely and are revising operations in line with evolving security conditions and aviation advisories.Read more

23 Mar 2026

Tata Steel has approved an investment of up to USD 2 billion (around INR 18,488 crore) in its Singapore-based subsidiary T Steel Holdings to support its overseas operations. The funds will be infused in phases starting FY27 and will be used for capital expenditure and debt repayment. The move follows multiple recent infusions into the same entity and reflects the company's continued efforts to stabilise and strengthen its international business, particularly in Europe, where restructuring and cost management remain key focus areas.Read more

23 Mar 2026

The central government has approved the construction of a four-lane access-controlled stretch of National Highway-927 in Uttar Pradesh with an investment of INR 6,969 crore. The 101.5 km project between Barabanki and Bahraich will be developed under the Hybrid Annuity Mode. It aims to reduce travel time to nearly one hour, improve road safety, and enhance connectivity to the India Nepal border. The project will also strengthen links to major highways, generate employment, and support regional economic activity, especially in trade and logistics.Read more

23 Mar 2026

Compass, a major residential real estate brokerage in the United States, has withdrawn its antitrust lawsuit against Zillow, one of the country's leading online property listing platforms. The case had alleged that Zillow restricted the display of new home listings in a way that violated antitrust laws. A filing submitted in a Manhattan federal court confirmed that the case was dismissed without prejudice, meaning it could potentially be refiled later. No explanation was provided in the filing for the decision to discontinue the proceedings.Read more

Pune News Desk

23 Mar 2026

Pune Municipal Corporation has approved an INR 126 crore flyover at Mundhwa junction to reduce congestion at one of the city's busiest traffic points. The 1.08 km structure will improve connectivity between Kharadi, Mundhwa, and nearby residential areas. Planned in coordination with a proposed metro corridor, the project aims to avoid future disruptions. With no land acquisition required and encroachments already cleared, execution is expected to be smoother. A pedestrian underpass has also been approved, while a railway flyover proposal remains under review due to technical challenges.Read more

23 Mar 2026

Delhivery has expanded its international economy air parcel service to the United Kingdom, Canada, and Australia, strengthening its cross-border logistics network after its earlier entry into the US market. The move is aimed at supporting Indian MSMEs and exporters across key sectors such as apparel, handicrafts, and electronics. The service offers cost-effective shipping, automated customs processes, and end-to-end tracking through a single platform. This expansion comes alongside expected trade agreements and ongoing negotiations, which could improve export opportunities and reduce barriers for Indian businesses.Read more

23 Mar 2026

GR Infraprojects has emerged as the lowest bidder for a National Highways Authority of India (NHAI) project in Bihar, quoting around INR 2,440 crore. The project will be developed under the hybrid annuity model and involves construction of a key highway stretch aimed at improving connectivity and reducing travel time. The company has received the letter of acceptance, marking a step forward in order inflow. The development reflects continued momentum in road project awards and highlights Bihar's growing focus on highway infrastructure expansion.Read more

23 Mar 2026

The Andhra Pradesh government has introduced a 50% waiver on interest for pending property tax dues to encourage faster recovery and provide relief to taxpayers. The scheme applies to residential properties and vacant lands across urban local bodies, provided dues are cleared before March 31, 2026. Taxpayers must pay the full principal amount along with half of the interest to avail the benefit. The move follows similar past initiatives that helped improve collections, with authorities expecting better compliance and a reduction in long-pending arrears through this limited-time relief.Read more

23 Mar 2026

The Nashik Municipal Corporation has extended the deadline for completing utility works on 28 key roads linked to the 2027 Simhastha Kumbh Mela. The move allows additional time for laying underground infrastructure such as water pipelines, drainage lines, gas pipelines, and optical fibre networks before road construction begins. These roads are part of a larger infrastructure push worth around INR 1,270 crore aimed at improving connectivity across Nashik and Trimbakeshwar. The extension reflects coordination challenges among agencies, while ensuring that roads are not repeatedly dug up after completion.Read more

23 Mar 2026

The Telangana government is set to roll out the second phase of the Indiramma Housing Scheme from April, aiming to expand housing support to more eligible families. The move follows steady progress in the first phase, where around 4 lakh houses were sanctioned and a large number are under construction. The next phase will focus on pending applicants and urban housing needs, while ensuring stricter verification and transparency. The scheme is part of the state's larger plan to provide permanent housing to nearly 20 lakh families over time.Read more

Delhi News Desk

23 Mar 2026

The Delhi government is preparing a revised electric vehicle policy to encourage people to replace older vehicles with cleaner options. The proposal includes incentives of up to INR 1 lakh for electric car buyers linked to scrappage, along with benefits for two- and three-wheelers. Additional relief through road tax and registration fee exemptions is also planned until 2030. The policy builds on earlier efforts but aims to address slow adoption in private vehicle segments by offering more targeted and time-bound incentives.Read more

23 Mar 2026

Patiala MP Dharamvira Gandhi has urged the Centre to approve the four-laning of the Patiala Patran stretch of Punjab's State Highway 10, highlighting its growing traffic and safety concerns. The 75 km route connects Patiala, Samana, Ghagga, and Patran, serving as an important link for local trade and movement towards Haryana and Delhi. The Union government has clarified that the project can only be considered if the Punjab government submits a formal proposal, a requirement under initiatives such as PM Gati Shakti.Read more

Hyderabad News Desk

23 Mar 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has secured around 11 acres of government and public-use land in Hyderabad, valued at nearly INR 1,650 crore, following multiple encroachment complaints. The land parcels are located in Kondapur and Pragathi Nagar and were originally reserved for civic amenities such as a public park, cremation ground, and dumping yard. Authorities removed temporary structures, verified land ownership records, and fenced the areas to prevent further misuse. The action is part of ongoing efforts to protect public land and ensure proper urban planning.Read more

23 Mar 2026

Civilian flight operations at four Indian Air Force-controlled airports Jodhpur, Srinagar, Pune and Adampur will be temporarily disrupted due to planned runway recarpeting. The work will be carried out in phases to reduce overall impact, starting with Jodhpur from March 29 for about a month. Airlines have already adjusted schedules and stopped bookings for the affected period. The maintenance is aimed at improving runway quality and ensuring safe operations for both defence and civilian aircraft, especially at dual-use airports that handle increasing traffic.Read more

Delhi News Desk

23 Mar 2026

The Delhi High Court has granted SpiceJet four additional weeks to deposit INR 144 crore in its ongoing dispute with Kalanithi Maran and KAL Airways. The airline's request to submit property worth about INR 148 crore instead of cash was rejected. SpiceJet cited liquidity pressure due to reduced operations on Gulf routes amid West Asia tensions. The case stems from a 2015 share transfer deal and has seen multiple legal proceedings, with courts consistently directing the airline to comply with monetary obligations.Read more

Priyanka Vig

22 Mar 2026

Homebuyers in India often make avoidable mistakes due to inadequate planning, legal oversight, and emotional decision-making. Common errors include unclear budgeting, skipping due diligence, trusting marketing promises, and ignoring long-term value. This blog outlines key mistakes Indian homebuyers make and explains how to avoid them through careful research, financial discipline, and informed choices. A structured and patient approach helps buyers protect their investment and ensures a smoother homebuying experience.Read more

22 Mar 2026

Work to replace old sewer lines in Janakpuri's A-1 Block is progressing to address long-standing drinking water contamination. The Delhi Jal Board informed the National Green Tribunal that about 40% of the project is complete, with 450 metres replaced out of the planned 1,140 metres. The issue, linked to leakage between sewer and water pipelines, had been confirmed through tests showing coliform bacteria and E. coli. Delays due to GRAP restrictions affected progress, but additional resources have now been deployed. The remaining work is expected to be completed by April 30.Read more

22 Mar 2026

Returnable plots were allotted to farmers who contributed land for the Seed Axis Road in Amaravati. In an e-lottery held earlier this week at the APCRDA office in Rayapudi, 17 plots were allocated to 10 farmers from Undavalli village. The allotment included both residential and commercial plots. The process was conducted transparently through an online randomisation system in the presence of farmers, followed by a trial run and live draw. Provisional certificates were issued, and officials advised beneficiaries to complete registration and seek assistance for plot identification.Read more

22 Mar 2026

KG Builders has launched two plotted residential projects KG Fields of Fortune in Kuthambakkam and KG Kingdom of Prosperity in Valarpuram near Thandalam as part of a 120-acre development portfolio in western Chennai. The projects carry an estimated Gross Development Value of around INR 400 crore and are located along the Valarpuram Thirumazhisai corridor, which is witnessing increased residential interest due to infrastructure developments such as the Chennai Metro Phase II extension, Chennai Bengaluru Expressway, Kuthambakkam Bus Terminus, and the proposed Parandur airport. The launch follows strong demand in the micro-market, with the developer's earlier project in Valarpuram fully sold out. The developments are aimed at both end-users and investors seeking plotted housing in emerging suburban locations supported by improving connectivity and relatively lower land costs.Read more