24 minutes ago

Home registrations in the Kolkata Metropolitan Area (KMA) declined 14% year-on-year to 26,207 units during the first half of 2026, according to Knight Frank India. The consultancy attributed the moderation to slower market activity during the West Bengal Assembly election period and a high comparison base from the previous year, when registrations had surged sharply. In June alone, apartment registrations fell 14% from a year earlier and 21% from the previous month to 3,669 units. Despite the decline, Knight Frank said transaction volumes remained robust by historical standards, supported by resilient end-user demand. The report also highlighted a continued shift towards larger residential units, with homes measuring 501–1,000 sq ft accounting for the majority of registrations, while demand for apartments exceeding 1,000 sq ft recorded significant year-on-year growth.Read more

54 minutes ago

China’s residential property market showed a slight improvement over the past month as new home prices declined at a slower pace compared to the previous month. However, analysts believe the improvement is not enough to signal a sustained recovery, with weak housing demand, falling investment, slower construction activity and cautious consumer sentiment continuing to weigh on the sector. While top-tier cities recorded marginal monthly price gains, smaller cities remained under pressure. Economists also expect the Chinese government to continue with targeted support measures instead of announcing large-scale stimulus for the housing market.Read more

Mumbai News Desk

1 hour ago

The Bombay High Court has directed the Brihanmumbai Municipal Corporation (BMC) to remove widespread encroachments around the Charkop pond in Kandivali (West) before proceeding with a proposed gabion wall to protect the water body. The court was hearing a 2021 petition filed by the BMC seeking approval for conservation and beautification of the pond, which falls within the 50-metre mangrove buffer zone. The bench flagged construction debris dumped near the site and called for a firm civic stand against illegal occupation.Read more

1 hour ago

Gensol Engineering has confirmed that the Indian Renewable Energy Development Agency (IREDA) has classified its loan accounts worth INR 673 crore as fraud and reported the matter to the Reserve Bank of India (RBI). The clarification was issued after media reports on the development. The company stated that the reports accurately reflected IREDA's order. The latest development adds to the regulatory scrutiny surrounding Gensol Engineering, which has faced multiple actions from financial and market regulators in recent months.Read more

Mumbai News Desk

2 hours ago

The Brihanmumbai Municipal Corporation (BMC) is set to launch an integrated digital portal by the end of July to streamline the management of construction and demolition (C&D) waste and facilitate soil exchange across Mumbai. The platform will enable real-time tracking of waste movement, reduce illegal dumping, curb dust pollution and improve compliance with waste disposal norms. The initiative is expected to strengthen transparency in construction activities while supporting sustainable urban development and resource reuse.Read more

2 hours ago

The Delhi High Court has questioned the authorities over why nearly 24,000 vacant Economically Weaker Section (EWS) flats have not been allotted to slum dwellers facing eviction from settlements near the Prime Minister's residence. Hearing petitions filed by affected residents, the court sought explanations from the Centre, the Delhi Development Authority (DDA) and other agencies on the availability and utilisation of completed housing units. The matter has reignited concerns over rehabilitation policy, implementation of in-situ redevelopment and the utilisation of publicly funded affordable housing stock in the national capital.Read more

3 hours ago

• Panki Dham railway station in Kanpur has been redeveloped at a cost of INR 25 crore under the Amrit Bharat Station Scheme (ABSS) to enhance passenger amenities and modernise railway infrastructure.
• The upgraded station features a modern station building, improved waiting halls, digital passenger information systems, enhanced security, better sanitation facilities and barrier-free accessibility for passengers.
• The redevelopment aims to improve commuter convenience, accommodate rising passenger traffic and strengthen connectivity for both daily travellers and devotees visiting the nearby Panki Dham temple.
• The project is part of the Indian Railways' nationwide Amrit Bharat Station Scheme, which seeks to transform over 1,300 railway stations into modern, accessible and integrated transport hubs across the country.Read more

3 hours ago

Chhattisgarh has completed more than 11 lakh houses under the Pradhan Mantri Awas Yojana (PMAY) over the past two-and-a-half years, with nearly six lakh homes delivered during FY2025-26, the highest annual completion by any state in the country. Chief Minister Vishnu Deo Sai marked the milestone in Raipur by handing over house keys to beneficiaries and releasing a progress report on the 'Mor Gaon-Mor Pani' campaign. The state has also completed 1.51 lakh houses in the first 100 days of the current financial year, while continuing to expand rural water conservation works alongside its housing programme.Read more

Mumbai News Desk

16 Jul 2026

• The Comptroller and Auditor General (CAG) has identified multiple instances where the Slum Rehabilitation Authority (SRA) extended undue financial and development benefits to private developers during the implementation of slum rehabilitation schemes in Mumbai, particularly airport-linked projects.
• The audit found irregularities including excess Transferable Development Rights (TDR), additional free-sale built-up area, disproportionate Floor Space Index (FSI) allocation and short recovery of infrastructure charges, resulting in significant financial gains for developers.
• The CAG estimated that excess benefits included INR 187.17 crore through additional free-sale TDR, INR 48.66 crore via excess land TDR and nearly INR 100 crore through excess free-sale entitlement, besides infrastructure charges that were either under-calculated or not recovered.
• The audit has recommended stronger regulatory oversight, stricter compliance with Development Control Regulations (DCR) and improved monitoring of rehabilitation projects to safeguard public interest and ensure transparency in slum redevelopment.Read more

16 Jul 2026

The Delhi government has sought INR 100 crore in financial assistance from the Centre to expedite the implementation of the revised Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY), which aims to grant property rights to residents of 1,511 unauthorised colonies across the national capital. Chief Minister Rekha Gupta has written to Union Housing and Urban Affairs Minister Manohar Lal requesting funds for the first phase of the programme during FY27. The proposed allocation will support district-level implementation units, digital land surveys, property verification, land record modernisation and public awareness activities to facilitate faster issuance of ownership documents.Read more

16 Jul 2026

• Haryana's Department of Town and Country Planning (DTCP) has ordered an urgent structural audit of Ramprastha Primera in Gurugram following complaints over the condition and safety of balconies and other structural components.
• The audit comes in the wake of a recent balcony collapse at another Gurugram residential society, prompting authorities to intensify safety inspections of high-rise housing projects across the city.
• The structural assessment will examine balconies, slabs, beams, columns and other critical building elements to identify defects, assess structural stability and recommend necessary repairs or corrective measures.
• The move is part of the state's broader effort to strengthen building safety, preventive maintenance and regulatory oversight, while ensuring the long-term structural integrity of residential developments and restoring residents' confidence.Read more

16 Jul 2026

A new heritage-themed public park has been inaugurated along the eastern bank of the Sabarmati river in Ahmedabad as part of the city's urban renewal initiatives. Developed by the UNM Foundation in partnership with the Ahmedabad Municipal Corporation (AMC), the INR 10 crore project spans 20,000 sq m between Swami Vivekananda Bridge and Nehru Bridge. The park features permanent installations highlighting Ahmedabad's historical and cultural evolution and forms part of the foundation's wider programme to develop and maintain public open spaces across Gujarat. With the addition of the new park, the foundation now manages 12 public parks covering more than 1.5 lakh sq m in Ahmedabad.Read more

16 Jul 2026

I Squared Capital has signed an agreement to invest up to USD 2 billion in digital infrastructure and district cooling assets owned by Saudi Arabia’s Public Investment Fund (PIF). The investment will be split equally between the two sectors, with scope for further expansion into related infrastructure businesses. The move builds on an investment partnership announced last year and supports Saudi Arabia’s efforts to diversify its economy beyond oil. It also follows reports that PIF was exploring the sale of its district cooling assets as part of its broader capital recycling strategy.Read more

16 Jul 2026

Residents across several housing colonies in Bhopal have urged civic authorities to expedite the completion of long-pending infrastructure works, citing inadequate roads, drainage, streetlights, water supply and sewage facilities despite years of occupancy. Homebuyers and resident welfare associations have called on the Bhopal Municipal Corporation (BMC) and the Bhopal Development Authority (BDA) to strengthen oversight of developers, ensure timely delivery of promised civic amenities and establish clear timelines for pending works. The grievances have highlighted the need for better coordination between developers and government agencies to improve urban infrastructure and enhance the quality of life in the city's growing residential neighbourhoods.Read more

16 Jul 2026

Texmaco Infrastructure & Holdings Limited has invested INR 68.8 million in its wholly owned subsidiary, Valley View Landholdings Pvt. Ltd., to strengthen the subsidiary's presence in the real estate sector. The investment was made through a fresh subscription to equity shares, while the company's ownership in the subsidiary remains unchanged at 100%. The transaction has been classified as a related-party deal and was carried out on an arm's-length basis. Valley View Landholdings, incorporated in 2013, is engaged in real estate development and has reported limited revenue in recent financial years.Read more

16 Jul 2026

Navi Mumbai International Airport (NMIA) has started its international operations with Air India Express launching direct flights to Abu Dhabi, marking a key milestone in the airport's expansion. The three-times-a-week service is the first international route from NMIA since domestic operations began late last year. Along with passenger services, the inaugural flight also carried the airport's first international perishable export shipment. The development strengthens aviation connectivity across the Mumbai Metropolitan Region while supporting trade, cargo movement and future international expansion through additional airline partnerships and overseas destinations.Read more

16 Jul 2026

Prime Minister Narendra Modi is scheduled to inaugurate four redeveloped railway stations in Punjab under the Amrit Bharat Station Scheme on 17 July. According to Punjab BJP president Kewal Singh Dhillon, the Prime Minister will inaugurate the upgraded Jalandhar Cantonment Railway Station in person and virtually dedicate the redeveloped stations at S.A.S. Nagar (Mohali), Sri Muktsar Sahib and Sri Anandpur Sahib. The station redevelopment programme has introduced upgraded passenger facilities, improved accessibility, modern concourses and enhanced commuter amenities while retaining the local architectural character of each station. The initiative forms part of the Centre's broader programme to modernise railway infrastructure and improve transport connectivity across the country.Read more

16 Jul 2026

Mercedes-Benz has completed a EUR 1 billion expansion of its manufacturing facility in Kecskemét, Hungary, significantly increasing production capacity as part of its global efficiency and cost optimisation strategy. The upgraded plant will become the company's largest manufacturing site in Europe and its second-largest worldwide. Along with producing the new electric C-Class, the facility will also manufacture the electric GLC and the compact G-Class. The investment strengthens Mercedes-Benz's flexible manufacturing network while reinforcing Hungary's position as a key automotive production base in Europe.Read more

16 Jul 2026

The Supreme Court has dismissed a petition challenging the Coastal Regulation Zone (CRZ) clearance granted for the renovation and expansion of actor Shah Rukh Khan's sea-facing residence, Mannat, in Mumbai's Bandra. The apex court declined to interfere with an earlier order of the National Green Tribunal (NGT), which had upheld the approval granted by the Maharashtra Coastal Zone Management Authority (MCZMA). The petition had questioned the legality of the environmental clearance for the addition of two floors to the property. With the Supreme Court refusing to entertain the appeal, the renovation and expansion project can proceed in accordance with the statutory approvals already granted.Read more

16 Jul 2026

Jaisalmer railway station has been redeveloped at a cost of INR 140 crore under the Amrit Bharat Station Scheme, blending Rajasthan's architectural heritage with modern passenger amenities. The upgraded station features a sandstone-inspired façade, improved circulation areas, lifts, escalators, enhanced waiting lounges, digital facilities and better accessibility. The redevelopment aims to strengthen tourism infrastructure in the desert city while improving the travel experience for passengers. The project reflects Indian Railways' broader effort to modernise stations without compromising their regional identity.Read more

16 Jul 2026

India's latest ranking of the country's most valuable real estate companies shows a year of slower growth, with overall company valuations rising just 2% despite a broader market correction. DLF remained the most valuable real estate company, while Gautam Adani and family topped the real estate rich list for the first time. Hospitality, REITs and professionally managed companies continued to strengthen, reflecting the sector's gradual shift towards institutionalisation even as residential and commercial segments faced pressure.Read more

Mumbai News Desk

16 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has demolished an unauthorised school building in Govandi, marking the civic body's first demolition of an illegally constructed educational institution in Mumbai.
• The action followed complaints and inspections that found the school building had been constructed without mandatory civic permissions and in violation of development regulations.
• Civic officials carried out the demolition with police protection after issuing statutory notices and completing the legal process, while ensuring that students were not present during the operation.
• The BMC said the move reflects its stricter stance against illegal constructions, irrespective of the nature of the establishment, and warned that similar action would be taken against other unauthorised structures.Read more

16 Jul 2026

The latest GROHE-HURUN India Real Estate 150 report shows that Adani Properties emerged as one of the biggest gainers in the real estate sector despite a difficult year for the industry. The company's valuation rose by 72 per cent, making Gautam Adani the fourth-richest real estate entrepreneur in India. The report also highlights that most real estate firms witnessed a decline in valuations, while the BSE Realty Index fell sharply. DLF retained the top position, followed by Lodha Developers and IHCL, with only a limited number of companies reporting valuation growth.Read more

16 Jul 2026

Spear REIT has completed the disposal of Hamilton and Chiappini House after fulfilling all transaction requirements, marking another step in its capital recycling strategy. The company said the transaction generated a value uplift of about ZAR 27.25 million, adding nearly 5 cents to its net asset value. The two Cape Town properties had been identified as non-core assets, with the disposal allowing Spear REIT to unlock value and redeploy capital into higher-yielding investment opportunities in the Western Cape. The transaction follows an earlier sale agreement announced in the past few months.Read more

16 Jul 2026

• EAAA Alternatives, an Edelweiss Alternatives platform, has emerged as the successful bidder for the National Highways Authority of India's (NHAI) Toll-Operate-Transfer (TOT) Bundle 19 at an enterprise value of INR 2,259 crore.
• The bundle comprises two operational national highway stretches in Tamil Nadu spanning nearly 161 km.
• The award marks the first highway asset monetisation under NHAI's TOT programme in the current financial year.
• The transaction is expected to support NHAI's asset recycling strategy while attracting long-term institutional investment into India's road infrastructure sector.Read more

16 Jul 2026

• Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Odisha to provide term loans of up to INR 1 lakh crore over the next five years for urban housing and infrastructure projects.
• The funding will support projects under the Urban Challenge Fund (UCF), Bhubaneswar–Cuttack–Puri–Paradeep Economic Region (BCPPER) and Mukhyamantri Sahari Vikas Yojana (MSVY), including land acquisition for eligible developments.
• Besides financing, HUDCO will provide project preparation, technical structuring, DPR preparation, financial modelling and capacity-building support for urban local bodies through its UiWIN initiative.
• The MoU, signed in Bhubaneswar, will remain valid for three years, subject to annual review, while separate project-specific agreements will govern individual financing arrangements.Read more

16 Jul 2026

The Ladakh administration has announced plans to establish Autonomous Hill Development Councils (AHDCs) in all seven districts of the Union Territory, extending the decentralised governance model beyond Leh and Kargil. The move follows the creation of five new districts earlier this year and is intended to strengthen local governance, improve administrative efficiency and enhance public participation in development planning. Officials said legislative amendments, constituency delimitation and other preparatory steps will be undertaken before the new councils are constituted, while discussions are also underway on a broader institutional framework for the Union Territory.Read more

16 Jul 2026

Erbud SA has secured a new residential construction contract worth PLN 63.3 million (net), strengthening its order book in Poland's housing sector. The company disclosed that the agreement covers the construction of a residential building project, although additional project-specific details were not disclosed in the initial announcement. The latest contract adds to Erbud's series of residential construction wins over the past year, reflecting continued activity in Poland's housing development market. The company has been expanding its portfolio across residential, commercial, infrastructure and industrial construction projects.Read more

16 Jul 2026

• A car caught fire inside the northbound tunnel of Mumbai's Coastal Road, prompting authorities to temporarily close the tunnel and divert traffic.
• The occupants of the vehicle escaped safely, and no injuries or casualties were reported.
• Firefighters responded quickly and brought the blaze under control before it spread to other vehicles or tunnel infrastructure.
• The incident caused traffic congestion along nearby stretches before normal movement was restored after emergency operations were completed.Read more

16 Jul 2026

• CERC has introduced a one-time relief framework allowing renewable energy developers to surrender, transfer, substitute or retain unused interstate transmission connectivity, unlocking over 22 GW of stranded grid capacity.
• The move addresses projects delayed due to the absence of Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs) despite developers having secured transmission access through competitive bidding.
• Eligible developers have been given a 60-day window to exercise the available options, after which surrendered transmission capacity will be reallocated to projects that are ready for implementation.
• The initiative is expected to improve transmission network utilisation, reduce project delays, accelerate renewable energy deployment and support India's long-term clean energy and grid expansion goals.Read more

16 Jul 2026

LML Realty has announced plans to develop a 45-acre industrial park in Haryana with an investment of INR 250 crore, targeting micro, small and medium enterprises (MSMEs) seeking ready industrial infrastructure for light manufacturing. Located in Jhirka Valley near the Delhi–Mumbai Expressway, the project has been approved under the Haryana government's Promoting Access and Development of MSME Advancement (PADMA) scheme. The development will offer industrial plots, plug-and-play manufacturing units and built-to-suit factory solutions, alongside integrated construction and infrastructure services. Leasing rates will begin at INR 25 per sq ft per month. The company expects the park to cater to a wide range of sectors, including engineering, automotive, pharmaceuticals, food processing, warehousing, logistics, electronics and data centres, while supporting faster operational readiness for industrial occupiers.Read more

16 Jul 2026

A government-appointed audit committee has permitted construction to resume at only 11 of 136 high-rise project sites surveyed across Kolkata and adjoining urban areas following a comprehensive safety review. The inspections were ordered after the Taratala warehouse collapse, which prompted the West Bengal government to temporarily suspend work on major construction projects. The audit examined structural stability, approved building plans, construction quality, geotechnical conditions and regulatory compliance. Projects that failed to meet the prescribed standards must rectify deficiencies before receiving permission to restart work, reflecting the state's renewed emphasis on construction safety and regulatory oversight.Read more

16 Jul 2026

Cinema has often brought wider attention to destinations that were previously known mainly to local communities or frequent travellers. Over the years, several places across India gained popularity after appearing in successful films, attracting tourists and becoming closely associated with memorable scenes. From lakes and waterfalls to forts and hill stations, these locations have benefited from increased visibility and visitor interest. Here are some Indian destinations that became widely recognised because of their connection with popular movies.Read more

16 Jul 2026

British Land has reaffirmed its guidance for underlying earnings per share (EPS) of at least 30.5 pence for FY27, supported by continued strong leasing activity across its core portfolio. The company said demand continues to exceed supply at its campuses and retail parks, with new leasing deals being signed at rents above previous levels. It also reported a positive start to the financial year, building on momentum from the previous fiscal year. The update reflects confidence in the company's operational performance and rental growth outlook across its major real estate markets.Read more

16 Jul 2026

Afcons Infrastructure Ltd has completed the first segment erection using a launching girder for the elevated Blue Line of the Bhopal Metro project at Piplani Chouraha, marking the start of viaduct construction on the corridor. The engineering milestone relates to the 13-km elevated section extending from Bhadbhada to Ratnagiri, being developed by Madhya Pradesh Metro Rail Corporation Ltd (MPMRCL). Afcons is executing the project under an engineering, procurement and construction (EPC) contract. The commencement of segment erection is expected to facilitate faster progress of viaduct construction on the corridor, which forms part of the Bhopal Metro network aimed at improving urban public transport connectivity in the Madhya Pradesh capital.Read more

16 Jul 2026

Bengaluru, India's largest office market, recorded a 21% year-on-year decline in gross office leasing during the first half of 2026, as corporates delayed leasing decisions amid geopolitical uncertainty and AI-led business transformation, according to JLL India. The city leased 9.37 million sq ft of office space between January and June, compared with 11.79 million sq ft a year earlier. Across the seven major office markets, gross leasing declined 4% to 37.90 million sq ft. While Bengaluru, Delhi-NCR and Kolkata registered lower leasing volumes, Mumbai, Pune, Hyderabad and Chennai posted growth. JLL said Global Capability Centres (GCCs) remained the principal driver of demand, accounting for 41.7% of total leasing activity, while co-working operators achieved record absorption, reflecting continued demand for flexible office space from domestic and multinational occupiers.Read more

Pune News Desk

16 Jul 2026

Antony Waste Handling Cell has announced financial assistance of INR 25 lakh for each family that lost a member in the landfill collapse at its Moshi waste processing facility near Pune. The incident, triggered by heavy rainfall, claimed nine lives and prompted investigations into safety and operational practices. The company has pledged full cooperation with authorities and support for the affected families. The tragedy has renewed concerns over landfill safety, disaster preparedness and waste management infrastructure during the monsoon.Read more

16 Jul 2026

China State Construction International Holdings Ltd has announced that its subsidiary, Putian Haiyue, has entered into a joint bidding agreement with China Construction Jiahe for a land parcel. Under the arrangement, the total bid deposit for the site stands at RMB 153.2 million, with Putian Haiyue contributing RMB 122.56 million. The agreement marks another step in the company's land acquisition strategy as it continues to participate in new development opportunities through joint ventures and partnerships.Read more

16 Jul 2026

• Union ministers Rajnath Singh and Nitin Gadkari, along with Uttar Pradesh Chief Minister Yogi Adityanath, have inaugurated the 63-km Lucknow-Kanpur Expressway and several National Highway projects in the state.
• The six-lane access-controlled expressway has been developed at an estimated cost of around INR 4,700 crore.
• The new corridor is expected to reduce travel time between Lucknow and Kanpur to around 40–45 minutes.
• The inauguration forms part of the Centre's broader strategy to strengthen road connectivity and support industrial and economic growth across Uttar Pradesh.Read more

16 Jul 2026

The Supreme Court has ordered the immediate freezing of the bank accounts of Parsvnath Developers Ltd, Parsvnath Hessa Developers Pvt Ltd and their directors while issuing bailable warrants against the company's leadership in a long-running homebuyer dispute linked to the Parsvnath Exotica project in Gurugram. The court acted after observing prolonged non-compliance with orders issued by the Haryana Real Estate Regulatory Authority (HRERA) and raised concerns over the effectiveness of the Real Estate (Regulation and Development) Act, 2016, in securing relief for homebuyers. The matter involves senior citizens who booked flats nearly two decades ago but are yet to receive possession despite paying the full consideration. The apex court also criticised Haryana authorities for failing to enforce regulatory orders and directed state officials and banks to ensure immediate compliance with its directions.Read more

16 Jul 2026

The Central government has approved infrastructure projects worth INR 1,647 crore for Delhi under the Special Assistance to States for Capital Investment (SASCI) scheme, providing funding for 28 proposals submitted by the Delhi government. Chief Minister Rekha Gupta said the sanctioned projects include Delhi Metro works, the Barapulla Elevated Corridor, the Karawal Nagar Flyover, electric vehicle charging stations at Delhi Transport Corporation depots and several road infrastructure initiatives. In addition to the project approvals, the Centre has sanctioned a performance-based incentive of INR 756 crore, taking the total financial support to more than INR 2,400 crore. The approvals are expected to accelerate the execution of key urban infrastructure projects aimed at improving connectivity, public transport and civic infrastructure across the national capital.Read more

16 Jul 2026

• The Maharashtra State Road Transport Corporation (MSRTC) plans to lease commercial spaces at 251 bus depots across the state to generate an estimated 600 crore in annual revenue.
• The initiative aims to monetise underutilised land through long-term commercial development while retaining ownership of depot properties and ensuring uninterrupted bus operations.
• The commercial developments are expected to include retail outlets, office spaces, shopping complexes, hotels and other mixed-use facilities, depending on the location and land potential.
• The revenue generated is expected to strengthen MSRTC's financial position, support fleet modernisation and improve passenger amenities across the state's public transport network.Read more

16 Jul 2026

• The Karnataka Real Estate Regulatory Authority (K-RERA) has imposed penalties totalling INR 1.5 crore on more than 70 real estate developers for failing to comply with mandatory disclosure requirements under the Real Estate (Regulation and Development) Act (RERA).
• The action follows developers' failure to upload quarterly progress reports (QPRs) and annual audit reports, which are mandatory for keeping homebuyers informed about project status, financial progress and regulatory compliance.
• K-RERA has recovered the penalty amount as part of a broader enforcement drive to improve transparency, strengthen compliance and ensure that developers regularly update project information on the regulator's portal.
• The regulator has indicated that it will continue strict monitoring of project disclosures and initiate action against promoters who fail to meet reporting obligations under the RERA framework.Read more

16 Jul 2026

Radisson Hotel Group has signed an agreement to develop the 208-key Radisson RED Mumbai International Airport, with the hotel scheduled to open by December 2026. Located about four minutes from Chhatrapati Shivaji Maharaj International Airport, the property will provide connectivity to major commercial and business districts, including Andheri MIDC, SEEPZ Mumbai, Bandra Kurla Complex (BKC) and the Jio World Convention Centre. The signing will expand Radisson Hotel Group's portfolio in the Mumbai Metropolitan Region (MMR) to eight properties, reinforcing its presence in one of India's busiest business and travel markets. The development reflects continued investment in airport-linked hospitality assets catering to business travellers and transit guests.Read more

16 Jul 2026

Union Minister for Road Transport and Highways Nitin Gadkari has announced that road infrastructure projects worth approximately INR 5 lakh crore will be completed in Uttar Pradesh over the next two years. Speaking during the inauguration and foundation-laying of national highway projects valued at over INR 4,850 crore in Lucknow, Gadkari also approved new road works worth INR 50,000–60,000 crore following a review meeting with state officials. The announcement reinforces the Centre's continued focus on expanding highway infrastructure in Uttar Pradesh, with the projects expected to improve regional connectivity and support economic activity. The event was attended by Uttar Pradesh Chief Minister Yogi Adityanath and Defence Minister Rajnath Singh, alongside senior government officials.Read more

16 Jul 2026

The National Green Tribunal (NGT) has directed the Ghaziabad District Magistrate to ensure that no illegal construction takes place in Sai Upvan, the city's 200-acre urban forest, while hearing a case on its deteriorating environmental condition. The tribunal issued an interim order after allegations of unauthorised construction and ecological degradation were raised. Authorities have been instructed to maintain the status quo until the next hearing, reinforcing judicial scrutiny over urban green spaces and environmental conservation.Read more

16 Jul 2026

NBCC (India) Ltd has secured four new work orders worth INR 501.45 crore, strengthening its project management consultancy and infrastructure portfolio. The largest contract involves the construction of over 2,200 science laboratories in government schools across Rajasthan. The company has also won an EPC contract from Bharat Electronics Ltd for infrastructure development and two project management assignments from Power Finance Corporation under its CSR initiative. These projects span Rajasthan, Mizoram and Goa, reflecting NBCC's continued role in executing public infrastructure and social development projects.Read more

16 Jul 2026

The Haryana Real Estate Regulatory Authority (HRERA) has directed Godrej Properties to hand over delayed apartments to homebuyers and pay interest for the period of delay. The order follows complaints from allottees who alleged prolonged delays in possession despite fulfilling their payment obligations. HRERA ruled that buyers who continue with the project are entitled to compensation under the Real Estate (Regulation and Development) Act, reinforcing developers' accountability for timely project delivery and strengthening consumer protection in Haryana's housing market.Read more

16 Jul 2026

New York has become the first US state to impose a one-year moratorium on the construction of large data centres with power requirements of 50 megawatts or more. The move comes amid growing concerns over rising electricity demand, higher utility bills, pressure on water resources and the environmental impact of AI-driven infrastructure. During the moratorium, the state will prepare uniform environmental standards for future projects while also considering the removal of tax incentives for hyperscale data centres. The decision reflects increasing scrutiny of data centre expansion across the US.Read more

16 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued fresh guidelines enabling homebuyers to claim refunds of excess Goods and Services Tax (GST) collected by developers and has directed all registered promoters to levy GST strictly at the rates notified by the Central government. The authority said instances had come to light where homebuyers were charged GST above the prescribed rates despite earlier instructions. In coordination with the State Tax Department, UP RERA has outlined the refund process for cases involving cancelled projects, terminated agreements or revoked allotments where the statutory period for developers to issue credit notes has expired. The regulator has also instructed promoters to refund excess GST wherever applicable and ensure full compliance with the notified tax rates.Read more