7 minutes ago

The Morbi Municipal Corporation has withdrawn its demolition order for a slum settlement on Panchasar Road after around 115 residents approached the Gujarat High Court. Residents argued that they were not given a proper hearing and were not offered alternative housing before eviction notices were issued. The civic body had directed them to vacate within a short time under provisions of the GPMC Act. Following the court's intervention, the authority agreed to reconsider the matter and review documents submitted by residents before taking any further action.Read more

37 minutes ago

RPS Group has announced an investment of INR 110 crore to develop a plotted township project, RPS Azalea, in Sector 29, Bahadurgarh. Spread across 19.79 acres under the Deen Dayal Jan Awas Yojana, the project will offer residential plots ranging from 125 to 180 square yards. It will also include a 2-acre clubhouse with lifestyle amenities. The development is expected to be completed in 2027 and will benefit from strong connectivity to Delhi and nearby industrial hubs, supporting rising housing demand in the area.Read more

1 hour ago

The administration of Donald Trump has moved an emergency appeal to resume construction of a USD 400 million ballroom at the White House, arguing that the ongoing halt poses security risks. The project, which involves redevelopment of the historic East Wing site, has been challenged by preservation groups for lacking congressional approval. Authorities maintain that the President has full authority over White House renovations, while critics question the legality of the demolition and construction.Read more

1 hour ago

Gujarat's real estate sector has seen a slowdown in new project registrations, with numbers dropping to the lowest level since the pandemic-affected period. Around 1,610 projects were registered in the last financial year, reflecting a decline after strong post-Covid supply growth. Developers have slowed new launches as many existing projects are still under construction and inventory remains in certain segments. Key cities such as Ahmedabad, Surat and Vadodara continue to dominate activity, while policy changes and infrastructure development are expected to support gradual recovery in the coming period.Read more

2 hours ago

India's Real Estate Investment Trust (REIT) market is witnessing sustained growth, with performance indicators placing it ahead of several Asian peers, according to a recent report by ANAROCK. Released at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen, the report highlights nearly 9% five-year returns and distribution yields of 5-6%. The sector has been supported by high occupancy levels above 90% and growing leasing share, alongside regulatory backing and tax efficiency. The introduction of Small and Medium REITs is expected to unlock INR 67,000-71,000 crore in assets. With only 32% of REIT-suitable stock currently listed, the report identifies significant expansion potential across asset classes.Read more

Patna News Desk

3 hours ago

Patna Municipal Corporation reported a record property tax collection of INR 125 crore in FY 2025-26, crossing its target and showing steady growth over previous years. The increase was supported by stricter enforcement, a one-time settlement scheme with penalty waivers, and expansion of the tax base through surveys. Around 2.45 lakh properties were covered under tax collection, improving compliance. The civic body also strengthened monitoring and recovery efforts, while total municipal revenue stood at nearly INR 250 crore from multiple sources.Read more

4 hours ago

The Goa government has stopped all real estate projects by Prabhu Realtors after a water contamination issue was reported at a residential complex in Dabolim. Residents raised complaints about unsafe drinking water, with several falling ill. Authorities sealed the suspected borewell and began testing water samples. The Goa Human Rights Commission also stepped in and sought responses from concerned departments. The halt applies to all projects by the developer until further notice. The situation has raised concerns among homebuyers while investigations are underway to identify the exact cause and fix responsibility.Read more

Mumbai News Desk

07 Apr 2026

A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more

Visakhapatnam News Desk

07 Apr 2026

The Greater Visakhapatnam Municipal Corporation recorded its highest-ever property and vacant land tax collection of around INR 620 crore in FY 2025-26, exceeding its target of INR 600 crore. The growth of about 22 per cent over the previous year was supported by new property assessments, revision of high-value properties, and improved recovery efforts. Incentives such as early payment rebates and interest waivers also boosted collections. Strong performance during key months and better administrative monitoring helped the civic body maintain steady revenue throughout the year.Read more

07 Apr 2026

A recent ruling by the National Labor Relations Board has directed Amazon to negotiate with a union representing around 5,000 workers at its Staten Island warehouse. The decision follows findings of unfair labour practices by the company for refusing to recognise and bargain with the union. While the union has welcomed the move as a major win, Amazon has opposed the ruling and is expected to appeal, which could delay compliance. The case adds to ongoing tensions between the company and organised labour groups in the US.Read more

07 Apr 2026

The Chhatrapati Sambhajinagar Metropolitan Region Development Authority has launched a Geographic Information System (GIS)-based survey to map villages in its jurisdiction and support planned development. A pilot phase covering five villages has begun, with a private consultant appointed to collect data from government departments, conduct field inspections, and document infrastructure through photographs. The survey will eventually cover 311 villages across multiple talukas. Authorities have stressed the importance of accurate data sharing from all departments to ensure effective planning. The initiative is part of broader efforts to support regional growth and infrastructure development.Read more

07 Apr 2026

The Nashik Municipal Corporation has recorded its highest-ever property tax collection at INR 287 crore in the financial year 2025-26, reflecting a 10 percent increase over the previous year. The growth was supported by amnesty schemes, early payment rebates, and improved recovery of pending dues. Key divisions like Cidco and Panchavati contributed a major share. The civic body also expanded its tax base by adding new properties, helping improve overall compliance and strengthen revenue performance.Read more

07 Apr 2026

Oiltek International Ltd has entered into a heads of agreement with Bioseaga Industries for the construction of a sustainable aviation fuel production facility in Malaysia. The project, valued at around USD 350 million, will be executed by Oiltek Malaysia, which is expected to be formally appointed as the contractor. The planned facility will have a production capacity of 300 metric tonnes per day. The development reflects growing investments in sustainable fuel infrastructure, especially in Southeast Asia, as countries focus on reducing aviation emissions and strengthening alternative energy supply chains.Read more

07 Apr 2026

Keystone Realtors Ltd reported a 58 per cent year-on-year increase in pre-sales to INR 1,346 crore for the fourth quarter of FY26, driven by improved demand in the Mumbai Metropolitan Region. The company's sales bookings stood at INR 854 crore in the corresponding period last year. For the full financial year 2025-26, pre-sales rose 33 per cent to INR 4,022 crore compared with INR 3,028 crore in the previous year. During the year, the developer launched seven projects with a total estimated revenue potential of INR 9,813 crore. The company, which operates under the Rustomjee brand, continues to focus on redevelopment opportunities in Mumbai, supported by a strong balance sheet and sustained business development activity.Read more

07 Apr 2026

The Varanasi Development Authority (VDA) has approved an INR 2,866.20 crore budget for the financial year 2026-27, marking a significant increase over the previous year. Operational income is estimated at INR 2,070.61 crore and expenditure at INR 2,069 crore. Major revenue sources include land sales and compensation, while expenditure is focused on township development, infrastructure, and administrative projects. Compensation under schemes like Madhni, Ganjari, and Kallipur will total around INR 1,700 crore, supporting major residential and integrated development projects under the Mukhyamantri Shahri Vistarikaran Yojana.Read more

07 Apr 2026

The Supreme Court of India has rejected a plea by Vedanta seeking to pause the acquisition of bankrupt Jaiprakash Associates assets by the Adani Group. The deal, valued at around USD 1.5 billion, includes a portfolio of real estate, cement, power assets and the Buddh International Circuit near Delhi. The court directed Vedanta to pursue its objections before the appropriate tribunal, allowing the insolvency resolution process to continue. The outcome advances Adani Group's expansion in real estate and infrastructure, while reinforcing the legal framework governing distressed asset resolution in India.Read more

07 Apr 2026

Max Estates Ltd reported strong operational performance for FY2026, with collections reaching INR 15.78 billion and pre-sales touching INR 53.05 billion. The figures reflect sustained demand across its residential portfolio and steady execution of ongoing projects. The company has been expanding its presence in key urban markets, focusing on premium housing developments. Over the past few years, Max Estates has increased its project pipeline and strengthened its brand positioning in the mid-to-luxury segment, which appears to be supporting both sales momentum and cash flow generation.Read more

07 Apr 2026

Daito Trust Construction Co Ltd has announced plans to acquire shares in The Global Ltd through a tender offer priced at 1,280 yen per share. The total deal size is expected to reach 17.4 billion yen, indicating a strategic investment by the Japanese real estate company. The Global has expressed support for the offer and has advised its shareholders to participate. The move reflects ongoing consolidation trends in the real estate sector, where larger firms are looking to expand their portfolio and strengthen their market position through acquisitions.Read more

07 Apr 2026

The Maharashtra Industrial Development Corporation (MIDC) has initiated a large-scale slum rehabilitation project across 338 acres in the Thane-Belapur industrial corridor, covering nearly 35,800 structures. The project will be executed in three packages through private developers responsible for funding, construction and rehabilitation. The plan replaces an earlier proposal involving the Navi Mumbai Municipal Corporation that did not move forward. With strict eligibility criteria for developers, the project aims to formalise housing, improve infrastructure and unlock land value in one of the Mumbai Metropolitan Region's key industrial zones.Read more

07 Apr 2026

The Reserve Bank's Monetary Policy Committee (MPC) is set to announce its first bi-monthly review of the fiscal year after a three-day meeting. Analysts expect the central bank to maintain the current benchmark lending rate, balancing retail inflation trends and global uncertainties. While domestic inflation is nearing the RBI's 4% target, rising crude prices and a weaker rupee pose upward risks. Experts note that the MPC will monitor liquidity, financial stability, and capital flows closely. The RBI's cautious approach reflects a focus on flexibility amid volatile global and domestic conditions.Read more

07 Apr 2026

National Healthcare Properties has filed for a US initial public offering, signalling continued momentum in real estate investment trust listings despite broader market volatility. The New York-based firm, which focuses on senior housing and healthcare assets, manages a portfolio of 37 senior housing communities and 130 outpatient medical facilities across 29 states. The move follows increased investor interest in defensive asset classes such as healthcare real estate, supported by demographic trends including an ageing population. The IPO, to be listed on Nasdaq, comes at a time when REITs are attracting capital amid caution in technology-led valuations.Read more

07 Apr 2026

IHG Hotels & Resorts has signed a management contract with Yashvi Greenco LLP to operate a 110-key Holiday Inn Express hotel on Gauravpath in Surat, Gujarat. Scheduled to open in 2029, this will be IHG's first property in Surat, expanding the company's footprint in India's high-growth secondary and emerging commercial cities. IHG currently operates 51 hotels across six brands in India and has a development pipeline of 89 hotels expected to open over the next three to five years. The company emphasised India as a strategic growth market for its ongoing expansion plans in both primary and secondary cities.Read more

07 Apr 2026

The Mumbai Metropolitan Region Development Authority has revised metro timetables across key corridors to improve travel efficiency and network integration. The changes come with the launch of Metro Line 9, connecting Dahisar East to Kashigaon, and Metro Line 2B Phase 1, linking Mandale to Diamond Garden. These additions expand connectivity to Thane and Harbour Line areas. The updated schedules focus on better frequency, predictable services, and corridor-wise operations. Integration between Line 7 and Line 9 enables direct travel across suburban stretches, while Line 2A now runs independently to improve reliability.Read more

Mumbai News Desk

07 Apr 2026

Mumbai is facing a significant shortage of housing for project-affected persons (PAPs), which is impacting the pace of infrastructure development. The civic body requires nearly 75,000 rehabilitation units but has access to only about 8,000, creating a large gap. Policy tools like TDR have not fully translated into adequate housing supply, while concerns over misuse and delays persist. Authorities are now considering converting SRA transit camps into permanent units and have formed a coordination committee to address the issue and improve execution.Read more

07 Apr 2026

South Central Railway has planned a capital outlay of INR 13,026 crore for FY27, marking an 18.3 per cent rise over the previous year. The investment will focus on track doubling, new lines, renewals, and safety works to address rising congestion across key routes. The zone recorded steady progress in FY26 with 194 km of track additions and electrification of 325 km. Ongoing projects, including the third line on a key trunk route, are expected to improve freight and passenger movement and strengthen connectivity across regions.Read more

07 Apr 2026

Foreign firms drove India's office leasing to record levels in the January-March quarter, with 9.1 million sq ft leased for Global Capability Centres, marking the highest quarterly figure ever. Total gross leasing across the nine top cities rose 5 per cent to 20.7 million sq ft. Demand spans multiple sectors, including technology, BFSI, and e-commerce, and is led by both Fortune 500 companies and smaller GCCs. American companies contributed 73 per cent of leasing. Bengaluru, Delhi-NCR, and Mumbai together accounted for 67 per cent of total leasing, and demand is expected to remain strong through 2026.Read more

07 Apr 2026

The Haryana Real Estate Regulatory Authority has directed Chintels India Pvt Ltd to pay over INR 4 crore as compensation to a homebuyer in Gurugram for severe construction defects in a residential project. The complaint highlighted structural issues soon after possession, which remained unresolved. The order follows a fatal tower collapse in the same project that exposed serious construction flaws. Authorities concluded the project was unfit for habitation. Along with compensation, the builder has been asked to refund additional charges and pay interest, while some claims such as rent and EMIs were not accepted.Read more

07 Apr 2026

Shubhashish Homes, part of JK Jajoo Ventures, recorded strong growth in FY 25-26 with pre-sales reaching INR 423 crore, nearly double the INR 211 crore achieved in the previous year. The company has set a target of INR 850 crore for the next financial year, backed by expansion plans and a strong project pipeline. It also introduced a new brand identity, Sa & The House of Shubhashish With projects across multiple cities and a growing development pipeline, the company is aiming to strengthen its presence in both existing and new markets.Read more

07 Apr 2026

MetLife Investment Management has appointed Andrea Drasites as the new head of its real estate and agricultural finance division. The move reflects the firm's continued focus on strengthening leadership in key investment segments. Drasites is expected to oversee lending and investment strategies across commercial real estate and agricultural assets. The appointment comes at a time when institutional investors are actively reallocating capital towards income-generating and inflation-hedged asset classes such as real estate and farmland.Read more

07 Apr 2026

Mumbai's Elphinstone Road overbridge, a key link between Parel and Prabhadevi, has been completely demolished to make way for a new double-decker road overbridge. The project is part of a larger plan to expand suburban railway capacity and improve east-west connectivity in central Mumbai. The ageing bridge, which had been shut for redevelopment, was dismantled through carefully planned railway blocks with minimal disruption. The upcoming structure, linked to the Sewri-Worli Elevated Connector, is expected to ease congestion, improve safety, and support growing traffic demand in the area.Read more

07 Apr 2026

Magicpin has introduced an AI assistant named Vera to support restaurants and retailers with real-time insights on order volumes and operational planning. The tool has already onboarded over 1,00,000 businesses during its trial phase. The company advanced the launch in response to an LPG supply disruption affecting food delivery partners across India, offering immediate AI-based support. With an investment of USD 1 million in its AI stack, magicpin aims to improve digital visibility, customer engagement and conversions for small businesses operating on tight margins.Read more

07 Apr 2026

Jammu and Kashmir continues to face large-scale land encroachment, with over 18.38 lakh kanals reported under illegal occupation across state and forest land. While authorities have started eviction drives and recovered a small portion, the overall progress remains limited compared to the total encroached area. District-wise data shows widespread impact across both Jammu and Kashmir divisions. The government is using legal action, joint enforcement drives and technology-based surveys to address the issue, while the High Court continues to monitor the situation through ongoing proceedings.Read more

07 Apr 2026

Develia SA has entered into a preliminary agreement to acquire 100 per cent stake in Stocznia Cesarska Development from Gdansk Development Holding N.V.. The project is located on the historic former Imperial Shipyard land in Gdansk and has the capacity to support at least 3,000 residential units along with commercial space. The deal value is linked to a property valuation of 550 million zlotys, subject to debt adjustments. The transaction remains conditional on regulatory approvals, including clearance from the maritime economy authority.Read more

07 Apr 2026

Bank of Maharashtra reported strong growth across key financial parameters in the fourth quarter of FY26. The bank's total credit rose 22 per cent year-on-year to INR 2.92 lakh crore, supported by steady expansion in corporate and retail, agriculture, and MSME (RAM) segments. Deposits increased 14 per cent to INR 3.50 lakh crore, while total business grew 18 per cent to INR 6.42 lakh crore. The CASA ratio also improved, indicating a higher share of low-cost deposits, which supports better margins and operational efficiency.Read more

07 Apr 2026

Bengaluru's planning authority has proposed increasing the permissible deviation in building plans from 5% to 15% to help property owners facing issues in obtaining occupancy certificates. The draft amendment aims to regularise minor construction deviations through payment of compounding fees while ensuring safety norms are maintained. The move is expected to benefit a large number of buildings currently considered non-compliant. Public feedback has been invited, with suggestions open until April 30, after which the revised rules are likely to be finalised and implemented.Read more

07 Apr 2026

The Rajkot Municipal Corporation narrowly missed its property tax collection target for FY 2025-26, collecting INR 447.93 crore against a target of INR 455.8 crore. Despite the shortfall, collections grew by 8.44 per cent compared to the previous year, supported by better recovery efforts and increased digital payments. However, tax compliance remained a concern, with nearly one-fourth of property owners not clearing dues. The civic body also continued enforcement actions, including property sealing, to improve recovery levels.Read more

07 Apr 2026

The Punjab government is accelerating urban infrastructure development through policy changes, improved services, and large-scale investments. The One Time Settlement (OTS) scheme for Improvement Trusts has been reintroduced until April 30, 2026, offering around 50 per cent rebate on non-construction fees. House tax collection has increased to INR 600 crore, reflecting better compliance. Key projects include construction of over 2,100 km of roads, expansion of sewerage and water infrastructure, and modernisation of fire services. Measures such as a simplified building approval process and a single-window system aim to improve ease of doing business across urban areas.Read more

07 Apr 2026

The Noida Authority is preparing to introduce a mixed land use property scheme to allow residential, commercial and institutional activities within the same development. The proposal is expected to be reviewed soon and could bring more flexibility in land utilisation. At the same time, plans are underway to set up a Centre of Excellence at Gautam Buddha University to support research and industry collaboration. These initiatives are part of a broader effort to improve urban planning, attract investment and strengthen Noida's position as a growing economic and knowledge hub.Read more

07 Apr 2026

Uttar Pradesh is looking to strengthen its economic ties with Singapore following a recent high-level meeting between Chief Minister Yogi Adityanath and Singapore's High Commissioner to India. The discussion focused on boosting investments, improving skill development, and expanding cooperation in infrastructure and cultural sectors. Singapore has shown growing confidence in the state's business environment, with companies planning expansion and a new delegation expected to visit soon. The state government is also preparing an investment roadmap for key regions to ensure balanced growth and attract global investors.Read more

07 Apr 2026

The Gujarat government has revised rules under the Land Revenue Act to speed up property transaction certification. Undisputed cases with clear ownership records can now be certified on the same day, removing the earlier 30-day waiting period. In cases requiring verification, the notice period has been reduced to seven days. The move aims to reduce delays, limit misuse of objections, and improve efficiency in land dealings. The reform is expected to benefit residential, commercial, and agricultural transactions while supporting faster ownership transfers and improving overall market activity.Read more

07 Apr 2026

Vietnam is considering a set of measures to stabilise its stock market after a sharp decline triggered by global geopolitical tensions linked to the Iran conflict. Proposals include setting up a government-backed stabilisation fund, easing share buyback rules, tightening trading limits, and managing media messaging. Authorities have been directed to review these recommendations, which also aim to support the real estate sector and secure a potential market upgrade by FTSE Russell. The moves come as investor sentiment weakens and the benchmark index records one of the steepest falls in Asia.Read more

07 Apr 2026

The Vijayawada Municipal Corporation (VMC) has reported total tax collections of about INR 267 crore for FY26, slightly exceeding its target of around INR 265 crore. The improvement came after slow collections in the initial months, which pushed the civic body to intensify recovery efforts. Measures such as strict action against defaulters, disconnection of services, and focused collection drives helped bridge the gap. Increased field monitoring and notices also supported the process. The outcome reflects better compliance and highlights the importance of sustained efforts in strengthening municipal revenues.Read more

07 Apr 2026

The Punjab and Haryana High Court has stayed Haryana's stilt-plus-4 housing policy due to concerns over inadequate infrastructure in residential areas. The policy, aimed at increasing housing supply, allowed four floors above stilt parking. However, petitions highlighted narrow internal roads, congestion, and pressure on civic services. A court-appointed panel found that actual road widths in several areas were much lower than planned standards. The court has paused the policy until further review, indicating a closer examination of urban planning and implementation gaps.Read more

07 Apr 2026

The Reserve Bank of India has approved Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, marking a key step towards the lender becoming a foreign-owned entity. The approval, valid for one year, follows the investor's earlier proposal to acquire a majority stake valued at INR 26,853 crore. The deal is subject to multiple regulatory clearances and compliance requirements, including government approval for foreign investment beyond 49 per cent and adherence to banking and securities regulations.Read more

07 Apr 2026

Karnataka's Infrastructure Development Minister M B Patil has urged the Union government to introduce a direct express train between Bengaluru and Vijayapura, citing improved rail infrastructure and long-standing regional demand. The request follows the completion of a 9.6 km double-line railway section between Alamatti and Wandal, part of the Gadag Hotgi project, which has enhanced route capacity. The proposed service is expected to reduce travel time significantly and improve connectivity for passengers travelling between north Karnataka and the state capital. The minister has written to the Railway Ministry seeking priority for the proposal, highlighting its potential to support mobility for business, education, and administrative purposes.Read more

07 Apr 2026

Industrialist Gautam Adani met Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow and expressed strong support for the state's long-term economic vision. The roadmap aims to transform Uttar Pradesh into a USD 1 trillion economy by 2030 and expand it to USD 6 trillion by 2047. Adani highlighted the scale and intent of the plan, stating that it reflects the state's potential. The Adani Group has committed to contributing through investments across sectors such as power, infrastructure, logistics, airports, defence, industrial parks, and data centres.Read more

07 Apr 2026

Haryana recorded the highest growth in State GST collections among all states in FY26, registering a 22 per cent increase compared to the national average of 6 per cent. The state's SGST revenue rose to INR 48,289 crore, supported by improved tax administration and higher economic activity. Haryana also moved up in national rankings from ninth to sixth position. The number of GST taxpayers increased by 12 per cent, reflecting a broader tax base. Reforms introduced by the GST Council and state-level initiatives have played a key role in sustaining this growth momentum.Read more

07 Apr 2026

PNB Housing Finance has reported an additional INR 933 crore in bad loans after a review by the National Housing Bank. The divergence relates to FY23 and is linked to loan restructuring that did not fully meet regulatory norms. This has increased gross NPAs to over INR 3,200 crore. The issue involves two project loans where interest rates were reduced. One loan has been repaid and the other remains standard. The company stated that the disclosure has no immediate financial impact.Read more

07 Apr 2026

Service Properties Trust has completed an underwritten public offering of its securities, along with the full exercise of the underwriters option to purchase additional units. The move reflects continued capital-raising activity by real estate investment trusts to support liquidity and portfolio management. While specific financial details were not disclosed in the brief update, such offerings are typically used to reduce debt, fund acquisitions, or strengthen balance sheets. The development comes at a time when REITs are actively managing capital amid evolving market conditions and interest rate pressures.Read more

07 Apr 2026

The Goa government is moving ahead with plans to widen a 33 km stretch of National Highway 4A through Mollem to improve connectivity between Goa and Karnataka. The project, currently under regulatory review, includes preparation of a detailed report and environmental approvals. A major concern is that the expansion passes through the Bhagwan Mahaveer Wildlife Sanctuary, potentially impacting forest cover and wildlife, with around 7,000 trees expected to be affected. The proposal has faced ongoing opposition from local communities and environmental groups, even as authorities position it as a key infrastructure upgrade to ease traffic, reduce travel time and support regional economic activity.Read more