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The Municipal Corporation of Delhi (MCD) recently took action against two commercial properties in the Keshavpuram area due to unpaid property tax exceeding INR 1.33 crore. Located in Paschim Vihar and GT Karnal Industrial Area, the properties had ignored repeated notices to clear dues. The civic body acted under the Delhi Municipal Corporation Act. Property owners were advised to utilize the Sumpattikar Niptaan Yojana (SUNIYO) scheme, which allows waiver of penalties and interest on dues up to financial year 2020-21 if principal amounts for current and past five years are paid before the scheme deadline.Read more

15 Mar 2026

The Uttarakhand High Court has directed the Haridwar-Roorkee Development Authority (HRDA) to withdraw permissions granted for plotting and group housing developments on agricultural and orchard land in Haridwar district. The directive was issued by a division bench while hearing a public interest litigation alleging that the authority had allowed residential development on farmland despite earlier court restrictions. The court instructed HRDA to revoke the approvals within a week, warning that failure to comply would invite contempt proceedings. The case relates to a petition filed in 2023 that cited earlier High Court and Supreme Court rulings prohibiting such development in the state due to the limited availability of agricultural land. The High Court also noted that the state government had not sought modification of the earlier order after the Supreme Court declined to interfere with it in 2024.Read more

15 Mar 2026

Chinese banks are increasing lending to technology and innovation-focused companies as the government pushes for stronger development in artificial intelligence, semiconductors and advanced manufacturing. The shift follows policy signals from the country's leadership to prioritize technology-led growth over the next five years. Lending to small and medium-sized tech firms has grown significantly, while loans to the real estate sector have declined. The change is also influenced by the property market crisis and tighter global funding conditions for Chinese technology firms. Analysts say the policy-driven push could support innovation but may also bring risks due to the early-stage nature of many tech startups.Read more

15 Mar 2026

Rajasthan has received central approval for four ropeway projects out of 16 proposals submitted to improve connectivity to tourist and religious destinations across the state. Deputy Chief Minister and Tourism Minister Diya Kumari informed the state Assembly that the remaining proposals are still under consideration by the Centre. The projects were proposed under the Parvatmala Scheme to improve access to difficult terrain and reduce travel time to hilltop temples and heritage sites. However, certain proposals, including one near the Rameshwar Mahadev Temple, face environmental restrictions due to their location inside the Ramgarh Vishdhari Tiger Reserve.Read more

Ghaziabad News Desk

15 Mar 2026

The property tax revision implemented by the Ghaziabad Municipal Corporation (GMC) has triggered widespread protests across the city, prompting Mayor Sunita Dayal to assure residents that the increased tax rates may soon be rolled back. The controversy stems from a revised tax framework introduced from April 2025, which in some cases increased annual property tax liabilities by three to four times. Residents and trader groups across areas such as Indirapuram, Sidharth Vihar and Vijay Nagar have reported sharp increases in tax bills, leading to demonstrations and political pressure on the civic administration. While the mayor stated that the state government had indicated that the hike would not be implemented, GMC officials said they had not yet received any formal directive to withdraw the revised tax structure. The issue has created administrative uncertainty even as the municipal corporation continues issuing tax notices under the updated regime.Read more

15 Mar 2026

The Union Cabinet approved infrastructure projects totaling INR 8,313 crore to strengthen highway and railway networks across India. Key approvals include a four lane highway in Madhya Pradesh linking Ujjain with the Delhi Mumbai Expressway, which will improve travel efficiency and reduce congestion. In the rail sector, two multi tracking projects in West Bengal and Jharkhand will expand the network by about 192 km, enhance freight capacity, and improve operational efficiency. The Cabinet also sanctioned the upgrade of a Tamil Nadu airport to international status, supporting regional connectivity and economic growth.Read more

15 Mar 2026

Inspira Realty, a subsidiary of Inspira Global, has launched its luxury residential project Inspira One at Bandra Bay in Mumbai with an estimated gross development value (GDV) of around INR 1,000 crore. The project features 3 and 4 bedroom residences and has been designed through collaborations with international architecture and design firms. Architecture and fade design have been led by AXS Design under designer Yann Leroy, while interiors are curated by Studio HBA of Hirsch Bedner Associates. Landscape planning has been undertaken by Site Concepts International Inc. The development is positioned as a design-led luxury residential project and forms part of Inspira Realty's strategy to expand its presence in Mumbai's premium housing segment. Located in the Bandra Bay area, the project incorporates amenities such as rooftop recreational spaces and dedicated lifestyle facilities.Read more

15 Mar 2026

Assam has recorded the highest green cover along national highways in India, according to the first National Highways Green Cover Index (NH-GCI) released by the National Highways Authority of India (NHAI). The index provides a scientific assessment of vegetation within the right of way of highways using satellite-based monitoring. The study, prepared in collaboration with the National Remote Sensing Centre (NRSC) of the Indian Space Research Organisation (ISRO), evaluated around 30,000 km of national highways across 24 states during the July-December 2024 period. Assam ranked first in the national assessment, followed by Gujarat, Telangana, Bihar, Tamil Nadu and Maharashtra. The index is intended to provide a quantitative measure of roadside vegetation and help authorities monitor plantation efforts and environmental sustainability across India's expanding highway network.Read more

15 Mar 2026

The Uttar Pradesh government has approved a new affordable housing policy aimed at increasing housing supply for economically weaker sections and middle-income families in urban areas. The policy supports the Affordable Housing in Partnership and Affordable Rental Housing components under Pradhan Mantri Awas Yojana Urban 2.0. Beneficiaries will receive INR 1.5 lakh assistance from the central government and INR 1 lakh from the state government. Developers will receive exemptions on several project-related charges, while homebuyers will get stamp duty relief. The policy also introduces a structured rental housing model to support urban workers and low-income households.Read more

15 Mar 2026

Prime Minister Narendra Modi recently launched and dedicated infrastructure and energy projects worth around INR 5,650 crore in Tamil Nadu. The initiatives include a large city gas distribution network, a lubricant manufacturing facility, rural road projects and new railway services. The city gas network alone is valued at about INR 3,700 crore and will expand piped natural gas access for households, commercial establishments and industries. Several train services were also flagged off to improve connectivity between southern districts and other parts of the country. The projects aim to strengthen energy supply, transportation links and regional economic activity.Read more

15 Mar 2026

CBRE has been ranked the world's leading firm for global commercial real estate investment sales in 2025, marking the 15th consecutive year it has held the top position, according to data released by MSCI Real Assets. The advisory firm recorded a 25% global market share across property types in 2024, maintaining an 800-basis-point lead over its nearest competitor. CBRE also secured the highest rankings across all three major geographic regions Americas, Asia Pacific and Europe, Middle East and Africa (EMEA)with regional market shares of 23%, 35% and 22% respectively. The firm additionally led transaction activity across key asset classes including office, industrial, multifamily and retail properties. The ranking reflects CBRE's role in facilitating large-scale capital market transactions globally and highlights continued institutional investment activity across major commercial real estate sectors.Read more

15 Mar 2026

Shareholders of Swiss Prime Site AG approved all proposals presented by the company's board of directors at its annual general meeting, with a large majority voting in favour. Among the key decisions, investors approved a dividend distribution of CHF 3.50 per share. Swiss Prime Site is one of Switzerland's largest listed real estate companies and regularly distributes dividends as part of its shareholder return policy. The approval reflects continued investor support for the company's strategy and governance. The meeting also confirmed routine corporate decisions typically addressed at annual shareholder gatherings.Read more

15 Mar 2026

Eco Hotels and Resorts Limited (BSE: 514402) has launched a new hotel in Ayodhya, expanding its presence in India's rapidly growing religious tourism sector. The property, located about 5 km from the Shri Ram Janmabhoomi Temple, includes 33 guest rooms along with a rooftop restaurant, landscaped lawn and swimming pool. The development comes amid a sharp rise in visitor numbers to the temple city, which recorded around 57.5 million tourists in 2023, rising to more than 160 million in 2024, with over 230 million devotees visiting in the first half of 2025. The hospitality company said the project is intended to address the increasing demand for organised accommodation infrastructure in Ayodhya as the city experiences sustained growth in pilgrimage tourism supported by infrastructure upgrades and improved connectivity.Read more

Kochi News Desk

15 Mar 2026

Highway expansion projects around Kochi are gradually influencing the city's real estate market as improved road connectivity begins to shift buyer interest toward emerging suburban areas. Land prices near highway corridors have increased by about 25-30% compared to the city average, according to local real estate agents. Demand is especially visible in the mid-range housing segment, with buyers looking for small plots and houses priced below INR 1 crore. Better road access is making previously distant areas more attractive, and developers are also beginning to evaluate these locations for future residential development.Read more

15 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out an anti-encroachment operation in Airoli to remove unauthorised construction undertaken without approval under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The action was taken after the property owner failed to comply with a notice issued by the civic body in November 2023 directing the removal of the illegal structure. The demolition was conducted at a property located in Deshmukhwadi, Sector 1, Airoli, under the jurisdiction of the G Ward office. The operation was carried out under the direction of Municipal Commissioner Dr Kailas Shinde and senior civic officials overseeing the encroachment department. Municipal staff, labour teams and police personnel were deployed to execute the partial demolition of the structure as part of ongoing enforcement measures against unauthorised construction within the municipal limits.Read more

15 Mar 2026

Smartworld Developers has awarded a construction contract worth INR 1,000 crore for its branded luxury project, Trump Residences Gurgaon, marking the start of structural construction at the site. The development, located on a 11.7-acre parcel in Sector 69, Gurugram, will comprise two 51-storey residential towers housing 298 ultra-premium apartments with a total built-up area exceeding 1.2 million sq ft. The company said excavation at the site has been completed and an initial INR 300 crore tender has already been issued as part of the phased construction plan. The project recorded strong initial sales, with the developer reporting bookings worth approximately INR 3,250 crore following the launch. Trump Residences Gurgaon is the second Trump-branded residential project in the city after Trump Towers Gurugram and forms part of Smartworld Developers expansion in the branded ultra-luxury housing segment.Read more

15 Mar 2026

Managing Director of Amaravati Growth & Infrastructure Corporation Limited, SVR Srinivas, recently inspected major construction works underway in the capital city of Amaravati. The visit covered key sites within the Amaravati Government Complex including the Legislative Assembly building, Lok Bhavan and the Happy Nest residential project. During the visit, the Managing Director assessed construction progress and held review discussions with contractors and engineering teams involved in the developments. Officials briefed him on the status of the works. He instructed teams to maintain quality standards and complete the projects within the planned timelines set for the capital's infrastructure development.Read more

15 Mar 2026

The Uttar Pradesh government has approved the One Time Settlement (OTS-2026) scheme aimed at helping property allottees clear long-pending dues owed to development authorities, the Uttar Pradesh Housing and Development Council, and other special area development bodies. The initiative seeks to address nearly 18,982 default cases involving unpaid property payments estimated at around INR 11,848 crore. The scheme will apply to residential, commercial, institutional and auction-allotted properties, as well as pending map approval cases with additional dues of about INR 1,482 crore. Under the framework, penalty interest on outstanding amounts will be waived and only simple interest will be charged, while defaulters will be allowed to clear liabilities through instalments within a defined settlement window. Authorities expect the programme to help regularise stalled allotments, improve revenue recovery for development agencies, and resolve legacy property payment disputes across the state.Read more

15 Mar 2026

Sanghvi Realty has received the completion certificate for Sanghvi Aria, its boutique residential project located in Prabhat Colony, Santacruz East. The development comprises 51 one- and two-bedroom apartments across two G+7 buildings on a 0.5-acre plot. With the completion certificate in place, the project is ready for possession, offering homebuyers a ready-to-move option in a well-connected western suburb of Mumbai. Apartment carpet areas range from 457 sq ft to 741 sq ft, with one-bedroom units priced from INR 1.56 crore. The project is located close to key transport and commercial hubs, including Bandra Kurla Complex, the Western Express Highway and the city's airport, making it attractive for professionals and families seeking connectivity and established social infrastructure.Read more

15 Mar 2026

Ceigall India Limited, in a joint venture with Sushee Infra & Mining Limited, has emerged as the lowest bidder for a highway construction project worth about INR 521 crore in Arunachal Pradesh. The project has been awarded by the Ministry of Road Transport and Highways and involves the construction of a section of National Highway-913, also known as the Frontier Highway. The project will be executed under the Engineering, Procurement and Construction (EPC) model and is expected to be completed in about 36 months. Ceigall India will hold a 74 percent stake in the joint venture, while Sushee Infra & Mining will hold the remaining 26 percent.Read more

15 Mar 2026

CREDAI Pune hosted its General Body Meeting in Pune, bringing together developers, policymakers and industry experts to discuss the city's urban growth and real estate sector. During the event, the association launched CREDAIBILITY.AI, described as the world's first AI-powered property search platform aimed at enabling verified and transparent property discovery for homebuyers. Addressing the gathering, Murlidhar Mohol emphasised the need for collaboration between developers, government and citizens to maintain Pune's liveability amid rapid urbanisation. The meeting also highlighted initiatives such as collaboration with police on traffic management and policy representations related to regulatory issues affecting the real estate sector.Read more

15 Mar 2026

The Maharashtra government has acknowledged that a contractor involved in Mumbai's Metro Line 9 project received payments higher than what was due and assured that the matter would be investigated. The issue was raised in the state legislative assembly by Mira Bhayandar MLA Narendra Mehta, who alleged irregularities in land rent payments, project cost escalations and delays. The government confirmed that excess payments had been made for land used as a casting yard and stated that the amount would be recovered if required. Officials also said disciplinary action would be taken against concerned authorities if irregularities are confirmed.Read more

15 Mar 2026

Indian Potash Limited (IPL) has signed a memorandum of understanding with the Government of Odisha to revive the long-shut Badamba Cooperative Sugar Mill in Cuttack district with an investment of about INR 360 crore. The mill, which has remained non-operational for more than 15 years, will be modernised and expanded with a crushing capacity of 3,500 tonnes of cane per day. The project will also include a 16 MW co-generation power plant, a 10-tonne-per-day Bio-CNG facility and cold storage infrastructure. Under the agreement, the Odisha government will provide 112 acres of land on a long-term lease to IPL for the redevelopment. The initiative is expected to revive sugarcane cultivation in the region and directly benefit around 10,000 farmers in Badamba block while generating employment and strengthening the cooperative sector.Read more

15 Mar 2026

The rapid transformation of Dwarka Expressway is prompting developers such as MRG Group to expand their focus on premium residential projects along the corridor. Once considered a peripheral stretch in Gurugram, the 29-km expressway connecting Delhi's Dwarka with Gurugram has emerged as one of NCR's most significant infrastructure corridors, improving connectivity to key residential sectors and the Indira Gandhi International Airport. Strong infrastructure development, rising interest from affluent buyers and growing transaction values in the luxury housing segment are driving this shift. Industry reports show that luxury home sales in Gurugram have surged significantly, with Dwarka Expressway recording a dramatic rise in transaction activity. Developers are increasingly focusing on low-density, lifestyle-oriented communities that cater to evolving homebuyer expectations.Read more

15 Mar 2026

The Navi Mumbai Municipal Corporation is set to intensify efforts to recover outstanding property tax dues across Navi Mumbai, with a special focus on maximising collections before the end of the financial year. Property tax remains the civic body's largest source of revenue and plays a crucial role in funding public infrastructure and civic services in the city. During the financial year 2025-26, the corporation has collected approximately INR 665 crore so far. To accelerate recovery, Municipal Commissioner Dr Kailas Shinde has directed officials to undertake intensified field-level collection drives and initiate strict action against major defaulters. The civic administration has also prepared a list of property owners with significant arrears and warned that enforcement measures, including property attachment, may be taken if dues remain unpaid.Read more

15 Mar 2026

IndiFrame will showcase its engineered uPVC window and door systems at iDAC Expo 2026, scheduled from March 12-14 at the Jio World Convention Centre in Mumbai. The company will highlight fenestration solutions designed specifically for coastal and high-rainfall climates, addressing challenges such as heavy monsoon rains, humidity and dense urban environments common in cities like Mumbai. Through live demonstration units at the event, IndiFrame plans to showcase the functional performance of its systems across parameters including sound insulation, air tightness, water resistance, wind pressure and heat management. The initiative aims to engage architects, developers and designers and demonstrate how modern fenestration systems can enhance building durability, efficiency and indoor comfort in rapidly growing urban centres.Read more

15 Mar 2026

Aurum PropTech Limited has approved the sale of two commercial assets Buildings Q5 and Q6 at Millennium Business Park in Navi Mumbai for a total consideration of INR 112 crore, as the company shifts capital towards artificial intelligence-driven proptech platforms. The transaction, cleared by the company's board earlier this week, values the properties around 15% above the valuation assessed by independent valuers. The assets have an approximate book value of INR 27 crore, and the sale is expected to generate a significant gain for the company while strengthening its balance sheet. Aurum PropTech said the proceeds will be used to prepay a Lease Rental Discounting facility of INR 56 crore and fund investments in AI capabilities across rental housing, property distribution and capital market platforms. The transaction is expected to be completed by June 30, 2026, subject to regulatory approvals.Read more

15 Mar 2026

Navi Mumbai Municipal Corporation has announced a property tax amnesty scheme to encourage defaulters to clear outstanding dues. Under the initiative, property owners who pay their pending property tax in a lump sum between March 10 and March 31, 2026, will receive a 50% waiver on the late payment penalty. The scheme applies to residential, non-residential, industrial properties and vacant land within Navi Mumbai. Civic officials said the initiative aims to support taxpayers while improving revenue collection for civic services such as roads, water supply, sanitation, healthcare and education. Property owners can make payments online through the civic body's website and mobile application or at designated collection centres.Read more

Kochi News Desk

15 Mar 2026

Highway expansion and new road infrastructure around Kochi are gradually reshaping the city's real estate landscape. Better connectivity is pushing residential and commercial demand toward emerging suburban locations such as Maradu, Koonammavu, Kundanoor and Madavana. These areas are seeing rising interest from homebuyers and investors due to relatively lower land prices and easier access to key parts of the city. Mid-range housing priced below INR 1 crore is driving most of the demand. At the same time, land values near highway junctions have increased, while the city's property price growth has shown slight moderation as demand spreads to newer corridors.Read more

15 Mar 2026

The Supreme Court has raised concerns over the progress of the investigation into the alleged nexus between real estate developers and financial institutions accused of cheating homebuyers. The court questioned the Central Bureau of Investigation for filing a chargesheet without custodial interrogation of the accused and cautioned that such a step could appear superficial. It directed the agency to conduct a proper and time-bound probe and submit a clear timeline for completion. The bench also rejected the suggestion of multiple state police investigations, stating that the case requires a unified approach due to the large number of affected homebuyers.Read more

Pune News Desk

14 Mar 2026

The Maharashtra property registration department is considering allowing online leave-and-licence (tenant) agreements in Pune district to be processed by any sub-registrar office rather than restricting approvals to the office within the property's jurisdiction. The proposal follows complaints over delays and a backlog of tenant registration applications across Pune's registration offices. Officials reported that more than 3,000 documents were pending recently, with some approvals taking up to 10 days despite a mandated 24-hour processing timeline. The proposed change would align Pune with the state's one district, one registration approach already implemented in districts such as Mumbai and Thane. Authorities said the initiative aims to distribute workloads more evenly across offices and reduce processing delays. The proposal is currently under consideration as officials address software compatibility issues between city and rural registration systems.Read more

14 Mar 2026

HJ Shipbuilding & Construction Co Ltd has secured a new order worth about 89 billion won, strengthening its order pipeline and business activity. The contract reflects continued demand for the company's construction and engineering capabilities. While the details of the project were not disclosed, such orders typically contribute to the company's revenue visibility and execution schedule over the coming quarters. The development also highlights the firm's ongoing role in infrastructure and construction projects. HJ Shipbuilding & Construction, formerly known as Hanjin Heavy Industries & Construction, operates across shipbuilding, infrastructure, and engineering segments.Read more

14 Mar 2026

The Union government has approved the development of a dedicated information technology (IT) park in Puducherry with an estimated investment of INR 1,250 crore. The project will be developed as a Special Economic Zone (SEZ) on approximately 21.3 acres of government-owned land at Thattanchavady within the municipal limits of Puducherry. The initiative forms part of efforts to expand the region's technology and services ecosystem while generating employment opportunities. Officials indicated that the proposed IT SEZ is expected to create nearly 30,000 jobs over the coming decade and strengthen the Union Territory's position as a technology and services destination. The park will include plug-and-play office infrastructure along with supporting commercial and social facilities. Authorities said the project is intended to retain skilled graduates in the region while attracting domestic and global technology firms to establish operations in Puducherry.Read more

Bangalore News Desk

14 Mar 2026

The Karnataka Real Estate Appellate Tribunal has ruled that the Bengaluru Development Authority (BDA) qualifies as a promoter under the Real Estate (Regulation and Development) Act, 2016, dismissing the authority's appeal against an earlier order of the Karnataka Real Estate Regulatory Authority (KRERA). The tribunal held that BDA must comply with the provisions of the Real Estate Act when it develops and sells residential layouts or buildings to the public. The case relates to the Nadaprabhu Kempegowda Layout project in Bengaluru, a large residential layout spread across about 4,043 acres that has faced prolonged delays affecting thousands of allottees. The tribunal upheld KRERA's directive requiring the project to be registered under the RERA framework and rejected BDA's argument that it should be exempt because it operates as a statutory planning authority.Read more

14 Mar 2026

Development of educational infrastructure in Amaravati has moved forward with the completion of a lease agreement between Andhra Pradesh Capital Region Development Authority (APCRDA) and Touch Stone Educational Foundation for setting up Basil Woods International School. The school will be built on around four acres with an investment of about INR 40 crore and will cater to students from kindergarten to Class 12. Planned with international standards, the campus will include modern classrooms, laboratories, sports infrastructure and other facilities. The institution is expected to accommodate nearly 2,000 students and contribute to employment generation while strengthening Amaravati's position as an emerging education hub.Read more

14 Mar 2026

A real estate company operating in Sohna near Gurugram has reported financial losses amounting to several crores after forged documents were allegedly used to manipulate a land development agreement and cancel a registered General Power of Attorney (GPA). Police registered a case at Sadar Sohna police station following a complaint by representatives of Yashdeep Builders, which had entered into a collaboration agreement with a landowner in 2018 to develop a parcel of land. Investigators alleged that some individuals, including a company representative, conspired with the landowner to prepare a forged agreement and supporting documents that enabled the cancellation of the registered GPA without the developer's consent. The case has been transferred to the Economic Offences Wing-I for investigation. Police have arrested five individuals so far, including a suspect accused of preparing the forged documents.Read more

14 Mar 2026

India's first high speed rail service on the Mumbai-Ahmedabad corridor will start operations in phases, with the initial services using the domestically manufactured B28 bullet train. Developed in Bengaluru, the train will initially run at around 250 kmph, with potential upgrades to 320-350 kmph in the future. The first operational section will cover approximately 100 km between Surat and Vapi. The full 508 km corridor is planned for completion by 2029. This project marks a major milestone in India's high speed rail programme, enhancing connectivity between Gujarat and Maharashtra.Read more

Mumbai News Desk

14 Mar 2026

The Bombay High Court has set aside a Brihanmumbai Municipal Corporation (BMC) order concerning pending payments of over INR 6.41 crore to a contractor for additional work on the Girgaon Chowpatty viewing gallery. The court noted that BMC relied on documents without sharing them with the contractor or allowing him to respond, violating natural justice. Contractor Mukesh Purohit had completed the project and received partial payment of INR 1.36 crore, but the balance remained unpaid. The court has directed a fresh hearing with all submissions considered before a new decision is issued.Read more

14 Mar 2026

A shortage of commercial LPG cylinders in Bengaluru has started affecting paying guest (PG) accommodations that provide meals to thousands of residents across the city. Many PG operators are facing irregular gas deliveries, forcing them to simplify menus, limit cooking and suspend certain kitchen services. Some facilities have also informed tenants that lunch services may be temporarily halted from March 13 until supplies improve. The disruption has raised concerns among professionals and students who rely on PG meals, prompting some to suggest that companies temporarily allow employees to work from home until normal gas supply resumes.Read more

14 Mar 2026

Singapore-based real estate investment platform RealVantage has completed the off-market acquisition of The Heathcote Hotel in central Manchester, formerly known as ABode Manchester, in partnership with London-based investor and asset manager Oberland. The transaction represents a total capitalisation of GBP 14 million, with RealVantage holding an 85% equity stake and Oberland retaining the remaining 15%. The Grade II-listed hospitality asset at 107 Piccadilly is scheduled to close operations in April 2026 to undergo a six-month refurbishment programme aimed at repositioning the property. The redevelopment will increase the hotel's capacity from 61 to 78 rooms and upgrade guest facilities while preserving heritage architectural elements. The investment is expected to deliver a targeted 16% net internal rate of return to RealVantage platform investors over an anticipated investment horizon of approximately 36 months.Read more

14 Mar 2026

SA Corporate Real Estate Limited reported its audited consolidated financial results for the financial year ended 31 December 2025, showing headline earnings per share of 24.40 cents. The company also recorded total revenue of ZAR 2,922.4 million for the year. The real estate investment trust, listed on the Johannesburg Stock Exchange, announced its results along with a cash dividend declaration. SA Corporate owns and manages a diversified property portfolio across South Africa, including industrial, retail and residential assets primarily located in major metropolitan areas. The results reflect the company's operational performance across its property portfolio during the past financial year.Read more

14 Mar 2026

Police in Nashik have registered a cheating and forgery case against more than 150 landowners and developers in connection with alleged violations of Maharashtra's inclusive housing regulations. The case, filed at Sarkarwada police station following a land records department complaint, stems from an inquiry into residential projects that allegedly bypassed the mandatory 20% reservation for Economically Weaker Section (EWS) housing in developments exceeding 4,000 sq m. Investigators found that several developers and landowners had allegedly split large land parcels into smaller plots through fabricated documents to remain below the regulatory threshold and avoid allocating EWS units. The projects fall within the jurisdiction of Nashik Municipal Corporation, where such reserved housing is required to be handed over to the Maharashtra Housing and Area Development Authority (MHADA). Authorities said more than 100 projects across the city are under scrutiny as the investigation continues.Read more

14 Mar 2026

Bessco Power Pvt. Ltd. and Renergo Developers Pvt. Ltd. have formed a strategic joint venture to develop 1,000 MW of renewable energy projects in India and Nepal over the next 18-24 months. The partnership will mainly focus on utility-scale solar projects while exploring emerging sectors such as green hydrogen, compressed biogas (CBG), and green ammonia. By combining development expertise and strategic execution platforms, the companies aim to accelerate clean energy deployment, contribute to sustainable economic growth, and create a diversified renewable energy portfolio aligned with the region's energy transition goals.Read more

14 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) is progressing with the construction of a planned underpass at Sector 19, Sanpada, along Palm Beach Road to ease traffic congestion and improve connectivity within the Sanpada and Juinagar areas. The project has been proposed as an alternative access route to reduce dependence on the existing entry point near Moraj Circle and to manage future traffic pressure arising from infrastructure developments including the Navi Mumbai International Airport, JNPT expansion and the planned Third Mumbai. As part of the project's environmental management plan, the civic body has identified 808 trees in the project area, of which 368 will be preserved in their existing locations. A further 329 trees will be transplanted scientifically within the same locality, while 111 trees are proposed to be removed after due regulatory procedures and public consultations.Read more

14 Mar 2026

Arvind SmartSpaces Limited has acquired a new residential high-rise development project in Whitefield, Bengaluru, with an estimated saleable area of about 2.5 lakh sq ft and a projected revenue potential of around INR 330 crore. The project, located in the Nagondanahalli area, spans 2.08 acres and has been acquired on an outright basis. The acquisition follows the company's earlier high-rise project addition on Sarjapur Road earlier this year, reinforcing its expansion in Bengaluru's residential market. This will be Arvind SmartSpaces 11th high-rise development in the city. The company entered the Bengaluru market in 2013 and has since added 15 projects across the region, with six developments delivered and nine currently under development. The project addition contributes to the developer's expanding vertical development portfolio during the current financial year.Read more

14 Mar 2026

The Union Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand with a combined investment of INR 4,474 crore to increase capacity on key rail corridors in eastern India. The projects involve constructing fourth railway lines on the Sainthia Pakur and Santragachi Kharagpur sections and are expected to add approximately 192 km to the Indian Railways network. Covering five districts across the two states, the upgrades aim to reduce congestion on busy routes used by both passenger and freight trains. The corridors are important for transporting commodities such as coal, stone, cement, iron and steel, foodgrains and petroleum products. Planned under the PM Gati Shakti National Master Plan, the projects are intended to improve multimodal connectivity, enhance freight movement efficiency, and strengthen logistics infrastructure in the region.Read more

14 Mar 2026

AGICL Managing Director SVR Srinivas carried out inspections at major construction projects in Amaravati, including the Gazetted Officers Housing, Amaravati Government Complex Infra, and GAD Tower 1 and 2. During the visits, he engaged with contractors and engineering teams to assess progress and understand project updates. Following the site inspections, he conducted a detailed review session to ensure that construction work adheres to set quality standards and timelines. This initiative reflects AGICL's focus on maintaining efficient and high-quality infrastructure development in the capital.Read more

14 Mar 2026

Mumbai-based developer Chandak Group has launched a limited-period homebuying scheme across five of its residential projects in the city to coincide with the Gudi Padwa festival and the company's 40th year of operations. The initiative introduces a 40:60 developer subvention structure under which buyers pay 40% of the property value upfront while the remaining 60% is deferred until possession. The offer applies to projects located in Chembur East, Vile Parle West, Andheri East, Malad West and Borivali East and will remain valid until March 31, 2026, after which the effective prices of residences in these developments are scheduled to increase from April 1. The scheme is aimed at improving affordability and easing near-term financial commitments for homebuyers considering premium residences in Mumbai's established residential micro-markets.Read more

14 Mar 2026

The Uttar Pradesh government has approved INR 425 crore under the Chief Minister New Township Scheme to promote structured township development in eight cities: Bareilly, Varanasi, Orai, Chitrakoot, Banda, Pratapgarh, Ghazipur, and Mau. The funding will act as seed capital, covering up to 50 percent of land acquisition costs over 20 years, helping local authorities plan and develop residential and mixed-use townships. The initiative is part of the state's broader urban growth strategy to manage increasing populations, improve housing infrastructure, and guide orderly urban expansion.Read more

14 Mar 2026

The Uttar Pradesh government has introduced a new rule requiring verification of property ownership before any sale deed can be registered. The state cabinet approved amendments to the Registration Act that allow sub-registrars to examine ownership documents, possession records, and the seller's legal right to transfer the property before completing registration. The move aims to prevent fraudulent property transactions, sale of disputed land, and registrations involving government or restricted properties. Officials said the reform is intended to make property transactions safer for buyers and reduce litigation related to ownership disputes across the state's real estate market.Read more