50 minutes ago

The Union Railway Board has revived three railway line projects in Tamil Nadu that had remained stalled for nearly a decade. The projects include the Tindivanam Gingee Tiruvannamalai line, the Attipattu Puttur line, and the Chennai Cuddalore corridor via Mahabalipuram. The decision follows concerns raised about delays in railway infrastructure development and reduced spending on new rail lines in the state. Earlier, funds allocated for some of these projects were returned after they were placed in abeyance. Officials indicated that restarting the projects could improve regional connectivity once land acquisition, approvals, and funding processes move ahead.Read more

10 Mar 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has upheld conditions imposed by the Odisha Real Estate Regulatory Authority (ORERA) on the registration of Phase III of a housing project in Ghatikia, Bhubaneswar. The tribunal rejected the developer's challenge and ruled that ORERA's restrictions were justified given unresolved issues relating to land classification and regulatory approvals. The authority had barred the developer from executing sale agreements until the building plan is revalidated, an occupancy certificate is obtained and land records affected by the misclassification of around 1.016 acres as forest land are corrected. The tribunal emphasized that the Real Estate (Regulation and Development) Act, 2016 prioritizes consumer protection and requires developers to meet regulatory compliance before selling units. The ruling reinforces regulatory oversight over real estate projects facing legal or environmental compliance issues.Read more

10 Mar 2026

Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a licence agreement with East Horizon Pvt Ltd to develop a floating storage and regasification unit (FSRU) at the Haldia Dock Complex with an investment of around INR 260 crore. The agreement, executed on March 6, is aimed at strengthening liquefied natural gas (LNG) infrastructure in eastern India and supporting the region's transition towards cleaner energy sources. The proposed facility will enable the import, storage and regasification of LNG before supplying it into onshore pipelines for distribution. Port officials said the project is expected to enhance LNG handling capabilities at Haldia while contributing to the national objective of increasing the share of natural gas in India's energy mix. The development forms part of wider efforts to expand gas infrastructure and support industrial energy demand in eastern India.Read more

10 Mar 2026

The Ministry of Road Transport and Highways has introduced stricter rules to assess contractors working on national highway projects, aiming to reduce serious construction failures and improve accountability. The revised framework clearly defines what will be treated as a catastrophic failure, including bridge collapses, tunnel incidents, and major pavement damage. Such failures can lead to a deduction of up to 30 marks in contractor performance ratings, which may affect their chances of securing future highway contracts. The move comes amid growing concerns over construction quality and safety in large road infrastructure projects across India.Read more

Hyderabad News Desk

10 Mar 2026

Charles Schwab has further expanded its presence in India by leasing a large office space in Hyderabad's Gachibowli IT corridor to support its global capability centre operations. The Indian subsidiary signed a five year lease for roughly 3.45 lakh square feet across five floors at Phoenix Equinox Tower 2. Monthly rent is set at about INR 108 per sq ft with a 5 % annual escalation, and payments will begin in phases from next April and July. The space will accommodate technology, analytics, and other critical support functions, reflecting Hyderabad's continued appeal for multinational firms.Read more

Mumbai News Desk

10 Mar 2026

Residents and environmental groups in Mumbai recently held a citizen march in Kandivli to draw attention to concerns about mangroves that could be affected by the proposed northern extension of the coastal road project. The demonstration focused on the environmental impact of the planned Versova-Bhayander corridor, where thousands of mangrove trees fall within the project's influence zone. Activists stressed that these ecosystems play a key role in protecting the city from flooding and coastal erosion. The march brought together local citizens and conservation groups to highlight ecological concerns while the large infrastructure project continues to move forward.Read more

10 Mar 2026

Global ports and logistics operator DP World has introduced alternative land transport arrangements to ensure cargo movement to Jebel Ali Port in Dubai as geopolitical tensions in West Asia disrupt maritime logistics across the Gulf region. Under the temporary contingency plan, import containers can be discharged at UAE ports on the eastern coast, including Khorfakkan and Fujairah, and transported by bonded road transit to Jebel Ali for final customs clearance. The measure is aimed at maintaining supply chain continuity for exporters and shipping lines facing operational uncertainties in the region. Jebel Ali is the Middle East's largest container port and a major transhipment hub connecting trade routes across Asia, Europe and Africa. The alternative routing arrangement is expected to support cargo flows while maritime operations in parts of the Gulf face disruptions linked to the ongoing regional security situation.Read more

10 Mar 2026

Real estate developer County Group has announced an investment of more than INR 1,200 crore to develop a luxury residential project in Noida. The project, named Clove County, will be built on a 5-acre land parcel located in Sector 151 along the Noida Greater Noida Expressway. The development will feature 226 premium apartments priced between INR 10 crore and INR 18 crore. According to the company, the land was acquired through an auction for nearly INR 500 crore. County Group said the project reflects strong demand for high-end housing in the Noida market. The company, a major developer in the National Capital Region (NCR), has already delivered multiple residential and commercial developments across cities including Noida, Greater Noida, Ghaziabad, Gurugram and New Delhi.Read more

10 Mar 2026

Goa borrowed INR 4,148 crore in interest-free loans last fiscal year while staying within FRBM limits, according to Chief Minister Pramod Sawant. The state also accessed INR 3,000 crore from NABARD and SIDBI at interest rates of 2.5-5% for rural and industrial infrastructure projects. Despite being eligible for INR 4,500 crore in market borrowings, only INR 2,500 crore was used last year, with plans to borrow just INR 1,000 crore this fiscal. The move reflects a balanced fiscal strategy emphasizing development without overshooting borrowing limits.Read more

Pune News Desk

10 Mar 2026

ICICI Prudential Asset Management's alternative investment fund has expanded its commercial real estate holdings by acquiring a Grade A IT park in Pune for approximately INR 520 crore. The Aditya Shagun Infinity IT Park in Baner spans around 388,000 sq ft and is leased to prominent companies including Eaton Corporation, Accenture, and Jaguar Land Rover. With an annual rent escalation of 4.7% and nearly nine years of average lease tenure, the acquisition strengthens the fund's strategy of investing in stabilized office assets. The fund has a history of similar acquisitions across Pune and other key cities, targeting steady rental income and asset appreciation.Read more

10 Mar 2026

ZAGA Capital Partners has raised 210 million euros in equity for its ZAGA German Real Asset Opportunities II fund, strengthening its strategy focused on investing in the German property market. With the latest fundraising, the firm has secured around 500 million euros in total capital for its German real estate investment platform. The fundraising comes at a time when Germany's housing market is expected to stabilise after a period of slowdown driven by higher borrowing costs and rising construction expenses. According to a recent survey of property analysts, house prices in Germany are estimated to have risen by about 3.5% in 2025 and are expected to grow at a slower pace of around 3% annually over the next two years.Read more

Mumbai News Desk

10 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to present the INR 3,000 crore Gargai dam proposal to its civic standing committee for final approval. The 69 metre dam near Ogada village in Palghar district, along with a 2.2 metre tunnel to Modak Sagar reservoir, is expected to add 440 million litres per day to Mumbai's water supply, becoming the city's first new reservoir since Middle Vaitarna in 2014. Work is expected to start by March 2026, with completion targeted in 2029. The project includes village relocation, hydropower generation, and tree transplantation.Read more

10 Mar 2026

CRE Matrix said office rentals in Navi Mumbai are about 21% lower than the average rentals in major Tier-1 cities, making the market increasingly attractive for multinational companies and global capability centres (GCCs). According to the firm's report, Navi Mumbai Rising: A Comprehensive Perspective on India's Next Commercial Real Estate Hub, average office rents in the city are around INR 70 per sq ft per month. The report highlights strong growth in the region's commercial real estate sector, supported by infrastructure development, competitive costs and rising occupier demand. Navi Mumbai currently has around 32.7 million sq ft of prime office stock with over 430 occupiers, while an additional 23.5 million sq ft of office space is expected to be developed by 2031.Read more

10 Mar 2026

Meesho has been issued a tax demand notice of nearly INR 1,500 crore, including interest, for the assessment year 2023-24, which the company plans to contest. The demand is based on adjustments to its reported income. A similar notice for 2022-23 had received an interim stay from the Karnataka High Court. Meesho reported a significant widening of losses to INR 490.6 crore in the latest quarter due to a sharp rise in expenses, while revenue grew by 31 percent to INR 3,517.5 crore, reflecting operational expansion amid higher costs.Read more

10 Mar 2026

Polo Hotels Group has announced plans to invest around INR 103 crore to develop a five-star hotel in Silchar, Assam, marking the first luxury hospitality project in the Barak Valley region. The proposed property will feature 100 rooms and suites and aims to introduce international-standard hospitality infrastructure to the area. The project has received approval from the Assam cabinet, which has also granted customised incentives and facilitative support for its development. According to the company, the hotel is expected to strengthen the tourism, business and events ecosystem in the region while supporting broader economic growth. Polo Hotels Group said the project reflects its long-term commitment to expanding its hospitality presence in Northeast India.Read more

Chennai News Desk

10 Mar 2026

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

Mumbai News Desk

10 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

10 Mar 2026

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more

10 Mar 2026

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more

10 Mar 2026

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

10 Mar 2026

Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more

10 Mar 2026

Swedish construction firm Skanska has committed CZK 917 million (about SEK 400 million) to the final phase of its Albatros Kbely residential development in Prague, Czech Republic, advancing a large urban housing project that has been rolling out in stages. The last segment will add 178 low energy apartments to the development, bringing the total to 688 homes when complete. The neighbourhood includes extensive public green areas and civic amenities and has been designed with energy and water efficiency in mind. Construction on this concluding phase has begun this month and is planned to finish in early 2028.Read more

10 Mar 2026

Data released by the Maharashtra Highway Police shows a significant increase in accidents and fatalities on the Mumbai-Nagpur Samruddhi corridor during the past year, while the Mumbai-Pune Expressway recorded a marginal decline in overall accidents. The Samruddhi route reported 185 accidents in 2025, up from 137 in the previous year, along with a rise in fatal crashes and deaths. In contrast, accidents on the Mumbai-Pune Expressway dropped slightly. Authorities are reviewing safety measures and planning stronger monitoring systems on the Samruddhi corridor to control speeding and improve highway safety.Read more

10 Mar 2026

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more

10 Mar 2026

More than 4,100 transit flats for Kashmiri migrant employees have been completed across the Kashmir Valley under the government's rehabilitation housing programme. The project aims to provide safe residential accommodation to migrants appointed under the Prime Minister's employment package. Out of the planned 6,000 flats at 20 locations, 4,112 units have been completed and 3,257 allotted so far. Officials recently reviewed the progress of construction and supporting infrastructure such as water supply, electricity, and drainage. Around 680 additional flats are expected to be completed by April 2026 as authorities move closer to completing the project.Read more

10 Mar 2026

China Merchants Land's subsidiary has agreed to acquire 100% equity in Xian Zhaoxi Jinyue Real Estate Development for RMB79.6 million, strengthening its regional footprint. The move is part of the company's ongoing strategy to expand in key markets through selective acquisitions of operational real estate firms. Xian Zhaoxi Jinyue has a presence in local residential and commercial projects, offering a strategic platform for growth. Analysts highlight that this acquisition continues China Merchants Land's approach of consolidating quality assets and leveraging its development experience to generate long-term value in regional property markets.Read more

10 Mar 2026

IKEA plans to make its India operations profitable by FY28 while expanding its retail network through smaller store formats. The company intends to open about 25 small and medium stores across the country over the next four to five years as part of its omnichannel strategy. This plan focuses on improving operational efficiency, expanding physical presence, and increasing local sourcing. Financial filings show that the retailer's losses widened to around INR 1,299.4 crore in FY25 while revenue declined slightly to INR 1,749.5 crore, reflecting continued investment in expansion and market development.Read more

10 Mar 2026

The long-pending missing link project on the Mumbai-Pune Expressway is close to completion, with around 98% of construction finished. Developed by the Maharashtra State Road Development Corporation, the 13.3-km new alignment between Khopoli and Kusgaon is expected to open on May 1. Built at a cost of about INR 6,695 crore, the project includes long tunnels, bridges, and viaducts through the Sahyadri hills. Once operational, it will shorten the existing ghat stretch by over 6 km and reduce travel time between Mumbai and Pune by around 25-30 minutes while improving road safety and traffic movement.Read more

10 Mar 2026

Authorities in Meghalaya's Garo Hills region have imposed restrictions preventing non-tribal individuals from purchasing, inheriting or claiming land. The order was issued by the Garo Hills Autonomous District Council using its powers under the Sixth Schedule of the Constitution of India to protect tribal land ownership and customary rights. The notification also invalidates benami arrangements where land is held in a tribal person's name for the benefit of a non-tribal individual. While new transactions are barred, land that has already been legally owned or inherited by non-tribals will remain valid under existing laws.Read more

10 Mar 2026

OA Co Ltd is set to acquire real estate assets worth 22.5 billion KRW, aiming to strengthen its property portfolio and support long-term business growth. The company has a history of strategic real estate investments to diversify holdings and enhance operational capabilities. Analysts note that the acquisition is part of a cautious, value-driven approach in a competitive South Korean real estate market. The deal is expected to provide both commercial and strategic advantages, with completion anticipated after regulatory approvals and final evaluations.Read more

10 Mar 2026

Former Chief Justice of India Uday Umesh Lalit suggested that infrastructure project contracts should be examined by a specialised government agency before they are signed to reduce arbitration disputes and protect public funds. Speaking at a conference in New Delhi organised by PHD Chamber of Commerce and Industry, he said that poor contract drafting, inaccurate project estimates and coordination gaps between departments often lead to disputes. He also noted that environmental restrictions and design changes during project execution frequently result in arbitration claims, sometimes exceeding the original project cost.Read more

10 Mar 2026

Air India has announced the launch of two new international routes aimed at strengthening connectivity between India and key Asian destinations. The airline will start non-stop flights between Delhi and Hanoi from 1 May 2026, making the Vietnamese capital its second destination in the country after Ho Chi Minh City. It will also introduce direct services between Mumbai and Tokyo's Haneda Airport from 15 June 2026. The new routes are part of the airline's broader effort to expand its international network, respond to rising travel demand, and improve connections between India and fast-growing markets across Asia.Read more

10 Mar 2026

Indian Highways Management Company Ltd (IHMCL), promoted by the National Highways Authority of India (NHAI), is preparing to introduce a barrier-less tolling system at more than 200 national highway fee plazas by FY27. The plan involves deploying Multilane Free Flow (MLFF) technology that allows vehicles to cross toll plazas without stopping. The system will rely on FASTag, RFID readers, and automatic number plate recognition cameras to collect tolls digitally. Authorities are issuing bundled tenders for multiple toll plazas to speed up implementation. The initiative is expected to improve traffic flow, reduce congestion at toll plazas, and strengthen digital toll collection on highways.Read more

10 Mar 2026

The Enforcement Directorate (ED) has attached immovable assets worth more than INR 206 crore linked to Delhi-based TDI Infrastructure Limited as part of a money-laundering investigation connected to alleged fraud against homebuyers. The action follows multiple FIRs registered by the Delhi Police and the Economic Offences Wing, which accused the developer and its promoters of failing to deliver residential and commercial units despite collecting large sums from buyers. Investigators found that thousands of customers invested in several projects launched in Sonipat, Haryana, but many developments remain incomplete, with funds allegedly diverted to other entities and financial obligations.Read more

10 Mar 2026

First Avenue for Real Estate Development has signed a development agreement with Jadwa Al-Shorfa Real Estate Fund, with a development fee of 15% of project costs, estimated at SAR 185 million. The partnership combines First Avenue's project management expertise with Jadwa Al-Shorfa's investment capital. This agreement reflects a wider trend in Saudi Arabia, where professional developers and real estate funds collaborate to share risks and ensure timely project execution. The deal strengthens First Avenue's presence in the regional market and showcases growing investor confidence in structured real estate development projects.Read more

Gurugram News Desk

10 Mar 2026

The Haryana Electricity Regulatory Commission has ordered Unitech Realty Pvt Ltd and the resident welfare association of Uniworld Gardens II in Gurugram to refund excess electricity charges collected from residents and revise billing practices in line with regulatory tariffs. The directive follows a complaint filed by a resident alleging overcharging under the single point supply system used in the housing society. The commission found that residents had been billed at higher tariffs than those charged by the distribution utility and that additional charges inconsistent with regulations were imposed. The regulator has also imposed a penalty of INR 50,000 on the RWA and warned of an additional INR 6,000 daily fine if compliance is not achieved within the stipulated period.Read more

10 Mar 2026

Investor interest in Venezuela has surged following U.S. detention of former President Maduro and the restoration of diplomatic ties, attracting hedge funds, asset managers, and high-net-worth individuals. Advisory firms Trans-National Research, Orinoco Research, and Signum Global Advisors are organizing multiple trips and conferences, featuring meetings with acting President Delcy Rodriguez, PDVSA leadership, and other senior officials. Focus areas include debt restructuring, energy, real estate, and mining. While optimism grows, sanctions and political uncertainties continue to prompt caution among some investors, limiting immediate transactions but generating significant long-term interest.Read more

Delhi News Desk

10 Mar 2026

The metro network in the national capital expanded further after Prime Minister Narendra Modi inaugurated two new corridors of the Delhi Metro Rail Corporation. The projects, developed at an estimated cost of over INR 18,300 crore, include the Majlis Park Maujpur-Babarpur stretch on the Pink Line and the Deepali Chowk Majlis Park section of the Magenta Line. With the opening of the new Pink Line segment, the city now has India's first fully operational ring-shaped metro corridor. The Prime Minister also laid the foundation stone for additional routes planned under the next phase of the metro expansion.Read more

10 Mar 2026

The Maharashtra government has announced a major underground metro corridor connecting Wadala to the Gateway of India in Mumbai at an estimated cost of INR 23,487 crore. The project, proposed as Metro Line 11, was outlined during the state budget presentation and aims to strengthen connectivity to South Mumbai. The government also indicated plans to extend the line from Dharavi to Bandra suburban railway station and Bandra Terminus in the future. Along with this corridor, the state highlighted progress on several metro expansions, tunnel projects and transport infrastructure developments aimed at improving urban mobility across the Mumbai Metropolitan Region.Read more

10 Mar 2026

The Secunderabad Cantonment Board has introduced a one-time settlement (OTS) scheme to help property owners clear long-pending property tax arrears while offering relief on accumulated interest. The scheme provides a 30% rebate on the interest component or INR 10,000, whichever is higher, and a full waiver where the accumulated interest is below INR 10,000. The concession applies only to the interest portion of outstanding dues, while the principal tax amount must be paid in full. The initiative, introduced under the provisions of the Cantonments Act, 2006, will remain open until 31 March 2026. Officials said the measure aims to encourage voluntary compliance, reduce long-standing tax arrears and improve revenue collection in the cantonment area while allowing property owners to regularise pending liabilities.Read more

10 Mar 2026

Farmers and residents from the Amaravati Capital Region recently submitted petitions during a Grievance Day programme organised at the headquarters of the Andhra Pradesh Capital Region Development Authority in Rayapudi. A total of 23 complaints were recorded, most of them related to land matters, including issues concerning returnable plots and land pooling. APCRDA Commissioner K. Kannababu reviewed the petitions and stated that each case would be examined and resolved at the earliest. Officials also reiterated that the grievance programme would continue every Saturday, while the Citizen Grievance Centre will accept petitions on all working days.Read more

10 Mar 2026

Inovalis Real Estate Investment Trust has provided an update on a withholding tax dispute involving its Arcueil property for the 2017-2019 period, where it held a 25 % stake through a joint venture. The Paris Administrative Court confirmed a liability of around EUR 5.888 million (USD 9.294 million), including taxes, penalties, and interest. The French tax authority issued a formal payment notice, and the REIT secured a 12 month instalment plan, though late payment interest will continue to accrue. In parallel, the trust has filed an appeal seeking to recover EUR 4.116 million (USD 6.635 million) by providing additional documentation on tax residency and partner status. The final outcome of the appeal remains uncertain.Read more

10 Mar 2026

Telangana Irrigation Minister N. Uttam Kumar Reddy has directed officials to undertake urgent repairs and safety assessments at the Singur Dam, a key water source supplying drinking water to Hyderabad and supporting irrigation in nearby districts. The move follows warnings from the National Dam Safety Authority (NDSA) regarding structural concerns at the reservoir. The minister ordered immediate technical interventions, including underwater inspections, sonar surveys and accelerated repair works, to detect and address potential damage without draining the reservoir. Authorities have been instructed to complete the safety works within a single working season to prevent disruptions to irrigation and avoid a potential crop holiday. The government has also set deadlines to finish remaining canal lining works linked to the Singur project.Read more

10 Mar 2026

An agreement has been registered for the establishment of the India International University of Legal Education and Research (IIULER) in Amaravati, marking a new addition to the region's education infrastructure. The Andhra Pradesh Capital Region Development Authority has allotted 55 acres of land at Sakhamuru in the capital city for the project. The university will be developed by the Bar Council of India Trust PEARL FIRST with a planned investment of around INR 300 crore in phases. The project is expected to support legal education, research and international academic collaboration while also creating employment opportunities and strengthening the academic ecosystem in Amaravati.Read more

10 Mar 2026

The Allahabad High Court has dismissed a review petition filed by the Greater Noida Industrial Development Authority challenging its earlier judgment that restored a 25-acre IT/ITES plot in Tech Zone II, Greater Noida to a private firm. The court ruled that the authority failed to demonstrate any apparent on the face of the record in the original order delivered in June 2025. The dispute concerns land originally allotted in 2007 to a consortium led by Anant Raj Industries and later transferred to Elevator Properties Pvt Ltd. GNIDA had cancelled the allotment in 2023 citing non-utilisation of the plot. The High Court had earlier set aside the cancellation, and the latest order refusing review means the earlier ruling restoring the allotment remains in force.Read more

Mumbai News Desk

10 Mar 2026

The Maharashtra Coastal Zone Management Authority (MCZMA) has directed the Mumbai Suburban district administration to conduct a site inspection at Gorai Beach following complaints of possible violations of Coastal Regulation Zone (CRZ) norms during jetty construction. The complaint, filed by environmental NGO Vanashakti, alleged that the structure was built through reclamation and at a location different from what had been approved earlier. MCZMA has asked the District Collector to submit a factual report within seven days and take necessary action if any violations of CRZ rules or clearance conditions are confirmed.Read more

09 Mar 2026

JSW Cement has been declared the preferred bidder for the Sikilangso Limestone Block in Assam following an e-auction conducted by the state government. The block, located in Dima Hasao district, covers 400 hectares across two parts. The development supports the company's long-term capacity expansion plans. Meanwhile, global aviation faced severe disruption after the United States and Israel carried out strikes on Iran, forcing the closure of major Middle East hubs and leading to widespread flight cancellations by leading international airlines.Read more

09 Mar 2026

The United Arab Emirates real estate sector is facing fresh uncertainty after Iranian missile and drone strikes in the region raised concerns about geopolitical stability, a key factor underpinning property investment in Dubai and Abu Dhabi. The attacks have unsettled investor sentiment in a market that has witnessed strong growth since the pandemic, fuelled largely by foreign capital, wealthy migrants and international buyers. Market participants say the escalation has already affected capital-raising activity and may increase financing costs for developers. Analysts note that the sector's reliance on expatriate demand and offshore investors makes it particularly sensitive to geopolitical shocks. At the same time, the region is entering a phase of rising supply, with a significant number of new housing units expected to enter the market in the coming years.Read more

Kochi News Desk

09 Mar 2026

The Greater Cochin Development Authority (GCDA) has opened the sewage treatment plant (STP) at Jawaharlal Nehru International Stadium in Kaloor, Kochi to treat sewage from external sources, in response to the city's growing waste management crisis. Originally built to process only stadium waste, the plant has been upgraded to handle 750 kilolitres per day (KLD) of sewage. The decision follows directives from the National Green Tribunal (NGT) urging authorities to address the city's severe sewage treatment gap. Kochi generates about 82 million litres of sewage daily, but existing infrastructure treats only 3-6%, leaving the majority untreated. By opening the facility to outside sewage, GCDA aims to utilize the previously underused plant, reduce environmental pollution and generate revenue to support additional sewage treatment infrastructure.Read more

09 Mar 2026

Excellence Commercial Property & Facilities Management expects FY2025 profits to fall by 60%-70%, primarily due to higher impairment losses on trade receivables and other related costs. The move highlights the challenges faced by property management firms in recovering payments from clients amidst ongoing market pressures. Past years have already seen similar operational and financial strains in the Hong Kong commercial property sector, emphasizing the importance of effective receivable management. Analysts suggest that this projected decline could affect investor confidence and stock performance in the near term.Read more