25 minutes ago

Singapore-based SATS Ltd is looking to expand its logistics presence in India by developing integrated multimodal facilities to support the country’s manufacturing sector. The company, which already operates across 14 Indian cities, has committed investments of up to INR 4,500 crore at Noida International Airport and is planning multimodal transhipment centres across major metropolitan cities. SATS Gateway Services for Asia Pacific CEO Bob Chi said the company remains positive about India’s economic growth and wants to contribute to the country’s developing transhipment network by improving links between airports and major ports.Read more

55 minutes ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Grama Sabha in Nowluru as part of the ongoing planning exercise for Amaravati. The meeting focused on the proposed Village Circulation Plan and Village Integration Plan, with officials explaining the planned road network, connectivity and integration of existing village roads with roads proposed under Land Pooling Scheme (LPS) zones. Surveys are also being carried out to map the existing road network and its linkages. Residents shared their views and suggestions, which APCRDA said would be examined while preparing the village-level plans.Read more

1 hour ago

HDFC Bank has raised USD 1.75 billion through senior unsecured bonds issued through its GIFT City branch to support the bank’s business growth. The fundraising comprises USD 500 million of three-year notes carrying a 5.159% coupon and USD 1.25 billion of five-year notes with a 5.4% coupon. The bonds will be listed on India International Exchange (India INX) and NSE International Exchange (NSE-IX). The transaction provides the private sector lender with additional overseas funding capacity as it expands its banking operationsRead more

1 hour ago

India’s building materials, architecture, interior design and furniture sectors are coming together at Yashobhoomi in New Delhi for a four-day industry convergence featuring MATECIA 2026, THE WADE ASIA 2026, India Furniture Conclave (IFC) and the Material Technology Conference (MTC). The platforms bring manufacturers, architects, designers, developers, furniture brands, technology companies and other industry participants together across the built environment value chain. The event is showcasing materials, furniture, technology and design solutions while also hosting jury presentations, design installations, knowledge sessions, industry discussions, networking and business interactions.Read more

2 hours ago

The Centre has approved the expansion of Rajiv Gandhi National Aviation University (RGNAU) at Fursatganj in Amethi over an additional 500 acres and has asked the Uttar Pradesh government to make the land available. The university plans to develop a centre of excellence with advanced laboratories, research centres and other infrastructure for aviation, aerospace and allied fields. A land survey is underway, and the state government is expected to make the required land available soon. RGNAU is also targeting an increase in student strength from the current 595 to 17,000 by 2033.Read more

2 hours ago

India’s first large-scale biopolymer plant, being developed at an investment of INR 3,080 crore in Lakhimpur Kheri district of Uttar Pradesh, is likely to commence operations in October 2026. District Magistrate Anjani Kumar Singh reviewed construction progress at the facility on August 20 and examined its proposed production process. The plant, being developed at the Kumbhi sugar unit of Balrampur Chini Mills in Gola Gokarannath, will convert locally grown sugarcane into sugar and subsequently into Polylactic Acid (PLA)-based bioplastic on the same campus. The facility will also incorporate a Zero Liquid Discharge system.Read more

3 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Grama Sabha in Yerrabalem as part of the planning work for Amaravati’s Village Circulation Plan and Village Integration Plan. The meeting focused on the proposed road network, connectivity and integration of existing village roads with the planned infrastructure. Officials explained how the road network would be aligned with Land Pooling Scheme (LPS) zones and outlined infrastructure requirements for the village’s future growth. Surveys are also being conducted to document existing roads and their connections. Residents shared suggestions, which APCRDA said would be considered in the planning process.Read more

24 Aug 2026

The Securities and Exchange Board of India (Sebi) has cancelled the registration certificates of 15 investment advisers after they failed to pay the mandatory renewal fees required to keep their registrations valid. The regulator said the advisers did not pay the fees within the prescribed period despite being given an opportunity to explain the non-compliance. Sebi had issued notices to the entities seeking their responses, but no replies were received within the stipulated time. The cancellations take immediate effect, while the entities remain responsible for obligations arising from their earlier activities as registered investment advisers.Read more

24 Aug 2026

Utility-scale solar project costs in India could increase by around 20% over the next six to eight months, according to ICRA, as developers face higher costs for domestically sourced solar cells and key raw materials. Domestic cells currently carry a premium of about INR 5–6 per watt over imported cells, while higher freight and supply-chain costs linked to the West Asia conflict are adding pressure. The Centre has extended a limited exemption from ALMM List-II requirements for solar cells to net-metering and open-access renewable projects until December 2026. More than 150 GW of renewable projects were under construction as of June 2026, adding to the importance of equipment and transmission availability.Read more

24 Aug 2026

The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of the Bombay Presidency Radio Club, a McDonald’s outlet in south Mumbai and 12 other establishments across the state over alleged food safety and hygiene violations. The action followed a special inspection drive covering 89 hotels, restaurants and dhabas, with 71 establishments receiving improvement notices and 13 facing licence suspensions. The inspections found issues including pest infestation, poor sanitation, improper food storage, unsafe food handling and failure to address deficiencies pointed out during earlier inspections.Read more

24 Aug 2026

Empower India has announced its entry into India’s growing data centre market, which is projected to exceed USD 22 billion by 2030. The company plans to offer sustainable digital infrastructure solutions by combining its existing capabilities in IT infrastructure integration and data centre management with the renewable energy expertise of its subsidiary, Empower Energy Private Limited. Its proposed offerings will include customised Green Data Server and Data Centre solutions, energy-efficient digital operations and intelligent infrastructure management. The move comes as demand for data centre capacity continues to rise with the expansion of AI, cloud computing, enterprise digitisation and data localisation.Read more

24 Aug 2026

Air freight forwarding and logistics company Skyways Air Services has raised INR 174.5 crore from anchor investors ahead of its initial public offering (IPO), which is scheduled to open for subscription shortly. The company allotted 1.26 crore equity shares to anchor investors at INR 138 apiece, the upper end of its IPO price band. The anchor round saw participation from institutional investors including Nomura Singapore, Citi Group Global Markets Mauritius, Holani Venture Capital Fund-I, IndusInd General Insurance, ASAS Global Fund, Bank of India Mutual Fund and Taurus Mutual Fund.Read more

24 Aug 2026

Author, philanthropist and Rajya Sabha MP Sudha Murty visited the ancient Barabar Caves in Bihar's Jehanabad district on Sunday and called for their inclusion in the UNESCO World Heritage list. Murty, who arrived in Patna a day earlier after more than two decades, praised the rock-cut caves' construction techniques, polished interiors and acoustic properties as evidence of advanced ancient Indian engineering and craftsmanship. She was accompanied by district officials during the visit.Read more

24 Aug 2026

The Central Board of Directors of the Reserve Bank of India (RBI) reviewed the current economic situation and the challenges facing the global and domestic economies at its latest meeting in Chennai. The discussion covered risks to the economic outlook along with the central bank’s operational areas. The Board also reviewed the functioning of its various committees and the RBI Ombudsman Scheme. The meeting was chaired by RBI Governor Sanjay Malhotra and attended by the central bank’s Deputy Governors and other directors. The review comes as policymakers continue to assess changing economic conditions and financial sector developments.Read more

24 Aug 2026

Thane has 103 plots earmarked for public amenities, including gardens, playgrounds and recreational facilities, but only 39 are currently available for public use, according to data compiled from civic records and documents obtained under the Right to Information Act. Around 60 reserved plots have not yet been acquired by the Thane Municipal Corporation (TMC), while about 30 are reported to face encroachments. The gap between land reserved in planning documents and land actually accessible to residents highlights a long-standing urban planning challenge. The issue is particularly relevant in densely populated parts of Thane, where accessible neighbourhood-level open spaces remain limited.Read more

24 Aug 2026

Sales bookings of 28 major listed real estate companies declined 21% year-on-year to INR 39,964 crore in the April-June quarter of FY27 from INR 50,900 crore in the same period last year. The decline was mainly linked to lower sales volumes and fewer housing project launches, with some major developers holding back launches amid global economic uncertainty. Housing accounted for most of the bookings. Godrej Properties led the group with sales of INR 8,651 crore, while 19 of the 28 developers reported growth in pre-sales during the quarter.Read more

24 Aug 2026

Successive heatwaves have increased the risk of subsidence across London, with prolonged hot and dry conditions shrinking the clay soil beneath homes and destabilising building foundations. Insurance claims linked to subsidence reached a record level in the latest quarter, with households claiming an average of GBP 20,000 (USD 27,200), 15% more than during the corresponding period in 2025. Victorian and Edwardian homes built directly on upper layers of London clay are particularly exposed, while areas including Westminster, Kensington and Chelsea are among those identified as higher-risk locations. The impact is extending beyond repair costs, with subsidence capable of reducing property values and increasing insurance premiums. Engineering repairs can cost from GBP 20,000 to more than GBP 100,000.Read more

24 Aug 2026

The Karnataka Assembly has passed the Karnataka Apartment (Ownership and Management) Bill, 2026, creating a legal framework for apartment ownership, common areas, resident associations, maintenance and redevelopment. The Bill seeks to replace the two apartment laws enacted in 1972 and address issues that have emerged with the rapid growth of apartment housing. It gives owners rights over their individual apartments as well as their undivided share in land and common facilities. It also provides for dispute resolution through competent authorities and allows redevelopment of ageing buildings with the written consent of at least 75% of apartment owners.Read more

Mumbai News Desk

24 Aug 2026

Singer Shantanu ‘Shaan’ Mukherjee and his wife Radhika Mukherjee have acquired three luxury apartments in Bandra West for a combined INR 47.64 crore, creating a residence spread across approximately one-and-a-half floors of the Palmera project on Turner Road. The transaction was registered on 20 August and includes a combined area of 6,267.87 sq ft and nine car parking spaces. Property registration documents accessed by CRE Matrix showed that each apartment was acquired for INR 15.88 crore, with total stamp duty of INR 2.70 crore. The residence is located on the 18th floor of the 22-storey tower, with two units interconnected and the third remaining independent. The purchase comes as Mumbai’s luxury housing market continues to record high-value transactions.Read more

24 Aug 2026

Kamarajar Port Limited (KPL) has invited bids for development of its second container terminal at an estimated cost of INR 4,288.26 crore under the public-private partnership (PPP) model. The project will be implemented on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, with bids invited from eligible private developers. The tender was issued in August 2026 and the deadline for bid submission is October 30. The proposed terminal is part of KPL’s expansion plans to increase container-handling capacity and strengthen its position in the maritime logistics network serving Chennai and the surrounding industrial region.Read more

24 Aug 2026

Shremoha, a senior independent living platform formed through a partnership between Shrem Group and Emoha, part of Age Care Labs, has been launched with two development partnerships in Pune and Gurugram. The platform has partnered with TRU Realty for Kekarav in Pune and KREEVA for a multigenerational project in Gurugram. Shremoha plans to combine independent living with personalised geriatric care, preventive health and wellness, hospitality and community experiences. Its first developments are aimed at seniors seeking active and socially connected lifestyles, with services designed to adapt as residents’ needs change.Read more

24 Aug 2026

Kanpur Police have arrested realtor and India Real Estate Company director Brijendra Chauhan in connection with an alleged INR 52-lakh property fraud case. Chauhan had reportedly been absconding while police investigated allegations that several people were cheated after being offered attractive real estate deals. Investigators had been searching for him before apprehending him in Kanpur. The case concerns money allegedly taken from victims on the promise of property-related investments and transactions that did not materialise as represented. Police action follows complaints from affected individuals and forms part of the continuing investigation into the alleged financial fraud. Further questioning is expected to establish the full extent of the transactions and identify whether additional victims were involved.Read more

24 Aug 2026

State Bank of India (SBI) has completed a land agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA) for developing a residential complex for its staff in Amaravati. The project will come up on 2.05 acres at Ainavolu and is planned with a built-up area of 4.46 lakh square feet. SBI plans to invest around INR 214 crore in the development. Construction is scheduled to begin in June 2027, with completion targeted for 2028. The project is part of SBI’s wider expansion in Amaravati, where it is also developing a regional office.Read more

24 Aug 2026

Delhi Industries Minister Sardar Manjinder Singh Sirsa visited Amaravati as part of an official tour and reviewed the capital city’s planning, infrastructure projects and development initiatives. During the visit, the delegation went to the APCRDA headquarters at Rayapudi and the Amaravati Integrated Command and Control Centre, where officials presented the city’s master plan through the Digital Twin Platform. The delegation also visited the Government Administrative Department and Head of Department towers under construction. Officials highlighted Amaravati’s planned transport network, green spaces, technology-led development and the use of diagrid structures in the government towers.Read more

24 Aug 2026

Mindspace Business Parks REIT has accepted bids worth INR 5 billion for a bond issue with a maturity of two years and one month, according to bankers involved in the transaction. The bonds carry a coupon of 7.6335%, payable quarterly. The REIT had invited commitment bids during the day and received the full issue size reported by bankers. The issue has been rated AAA by Crisil. Mindspace REIT has continued to access the debt market while funding its commercial property portfolio and ongoing capital expenditure. Its credit ratings have remained at the highest level in recent assessments.Read more

Navi Mumbai News Desk

24 Aug 2026

Mumbai’s airport capacity constraints are accelerating the shift of dedicated cargo operations to Navi Mumbai International Airport (NMIA), as limited availability of ad-hoc slots at Chhatrapati Shivaji Maharaj International Airport coincides with planned infrastructure works. The transition is gaining pace in August, with NMIA targeting a complete shift of dedicated freighter operations from Mumbai by 26 August. The new airport has already received its first international freighter from Hong Kong and is expected to add 13 international cargo services. The shift is also supported by Mumbai airport’s temporary suspension of dedicated freighter operations during airside infrastructure upgrades, prompting carriers to move services to NMIA.Read more

24 Aug 2026

A Gujarat court has rejected the bail applications of Popular Builders owner Dashrath Patel in two separate cases involving allegations of illegal land acquisition in Ahmedabad district. The cases relate to disputed parcels in Sanand taluka, including land at Chekhla village, where Patel and others have been accused of using fraudulent documentation and other means to obtain control over property. The prosecution has opposed bail, citing the seriousness of the allegations, the scale of the transactions and the possibility of evidence being influenced. Patel’s defence has contested the accusations and sought relief in both matters. The court’s latest orders keep the builder in custody while investigations into the alleged land deals continue.Read more

24 Aug 2026

The Centre has allocated INR 13,427 crore for the construction of around 11 lakh houses in Bihar under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). The funding is aimed at supporting rural households that remain without adequate permanent housing, while also strengthening basic infrastructure and living conditions in villages. The programme is expected to provide a significant boost to rural housing construction, generate demand for local building materials and labour, and support broader development across Bihar's rural areas.Read more

24 Aug 2026

A crane tilted and fell towards an adjoining structure while it was being positioned for demolition work at Building No. 1, Bhandari Metallurgy in Kurla. The crane had been brought to the site, but operations had not yet started when the incident occurred. The soft ground at the location appears to have affected the crane’s stability during positioning. Some people sustained minor injuries, following which the Mumbai Metropolitan Region Development Authority (MMRDA) arranged medical assistance. Machinery and manpower were also mobilised to remove the fallen crane, while the site was secured as precautionary measures were put in place.Read more

24 Aug 2026

Vedaanta Senior Living has launched Viveka by Vedaanta, a platform aimed at connecting professionals aged above 60 with organisations looking for experienced talent. The platform offers consulting assignments, advisory and mentoring roles, part-time work, volunteering and passion-led engagements. The initiative comes as retirement is increasingly being viewed as a phase where people can continue to contribute while having greater flexibility in choosing how they work. Based on Vedaanta's experience with senior living communities and interactions with residents and families, Viveka seeks to address the gap between experienced seniors and organisations looking for seasoned professionals.Read more

24 Aug 2026

The Centre and state tax authorities are working on common guidelines for documents and information required for GST registration of businesses that pass on tax credit of more than INR 2.5 lakh per month. The move aims to reduce differences in procedures followed by central and state GST formations and speed up registration processing. The proposal will be placed before the GST Council after discussions with states. Tax officials are also examining automation of GST registration cancellation and clearer grounds for cancellation. Around 1.68 crore businesses are currently registered under GST, with 65 per cent of new registrations using the simplified route.Read more

24 Aug 2026

The Enforcement Directorate (ED) has conducted searches at seven premises linked to the Tashee Group and its promoter Kashi Nath Shukla in Delhi-NCR as part of a money laundering investigation arising from an alleged INR 386-crore homebuyer fraud. The searches were carried out under the Prevention of Money Laundering Act (PMLA), following a criminal case concerning alleged diversion of funds collected from homebuyers. The investigation is examining the financial transactions of the group, its promoter and associated entities. The case relates to allegations that hundreds of buyers were affected by financial irregularities connected with real estate projects. The agency has collected documents and other material during the searches.Read more

24 Aug 2026

Around 75% of corporate occupiers surveyed by CBRE South Asia expect their office portfolios in India to expand over the next two years, indicating stronger corporate commitment to physical workplaces. The eighth edition of CBRE’s India Office Occupier Survey, conducted between April and June 2026, found that 30% of respondents expect their portfolios to grow by more than 30%, up from 18% in the previous survey. Another 33% anticipate a 10–30% increase, while 14% expect growth of less than 10%. The findings come as India’s office stock crosses 1 billion sq ft and leasing activity reaches record levels, with global capability centres and flexible workspace operators remaining major sources of demand.Read more

24 Aug 2026

Manipal Health Enterprises, which operates Manipal Hospitals, reported a 4.2% year-on-year decline in net profit to INR 243 crore for the first quarter of FY27, even as revenue from operations increased 38.1% to INR 3,091 crore. EBITDA rose 26.4% to INR 749 crore during the quarter, supported by higher inpatient and outpatient volumes. The reported profit excludes INR 89 crore in post-tax interest on non-convertible debentures raised to fund the acquisition of Sahyadri Hospitals, while adjusted profit after tax increased 30.9% year-on-year. The June quarter also marked the company’s first reporting period as a listed entity following its IPO. Average Revenue per Occupied Bed, excluding Sahyadri, increased 8.7% to INR 77,200 per day, indicating higher revenue intensity across the existing hospital network.Read more

24 Aug 2026

HP Global has entered the Haridwar residential real estate market with the launch of Amrit Aarogyam Phase-II, a premium housing project involving an investment of around INR 100 crore. Spread across nearly 2.5 lakh square feet, the project will comprise 200 units and is aimed at buyers seeking homes focused on spirituality and wellness. Located near the Delhi-Haridwar Expressway, Patanjali Yogpeeth and the Ganga, the project is being funded through investor participation and internal accruals and is planned for completion within 18 months. The company is also evaluating land acquisition opportunities in Rishikesh.Read more

24 Aug 2026

IndiQube has secured a workspace expansion deal with a leading global audio series platform, which has leased nearly 1,300 seats at the managed workspace provider’s tech park facility on Bengaluru’s Outer Ring Road. The deal is valued at approximately INR 68 crore and expands an existing relationship between the two companies. The client had initially scaled its operations from IndiQube’s Koramangala facility before moving to the larger enterprise environment on the city’s prime IT corridor. The transaction adds to IndiQube’s enterprise portfolio and its presence among India’s high-growth technology companies. The company said startups and unicorns account for nearly a quarter of its overall occupancy, with more than 50 unicorns having selected IndiQube as their workspace partner.Read more

24 Aug 2026

The growth of quick-commerce, same-day delivery and changing consumer expectations is pushing logistics operators to position warehouses closer to urban demand centres. Facilities located within or near cities can reduce last-mile distances, improve delivery speeds and lower transportation costs. The shift is also encouraging the development of micro-fulfilment centres, automated storage systems and adaptive reuse of underutilised urban properties. While urban warehousing comes with significantly higher real estate costs and space constraints, operators are increasingly balancing these challenges against the operational benefits of faster and more efficient deliveries.Read more

24 Aug 2026

Terreno Realty Corporation has acquired an industrial property in Redmond, Washington, for approximately USD 8 million as it continues to expand its industrial real estate portfolio across major coastal US markets. The property comprises a 21,000-square-foot distribution building on 1.5 acres and is located next to an existing Terreno property on Seattle’s Eastside. The vacant facility has five grade-level loading positions and parking for 56 vehicles. Terreno expects the property to have a stabilised capitalisation rate of 5.9 per cent once occupancy reaches market levels.Read more

24 Aug 2026

The proposed INR 2,100-crore elevated corridor along Chennai’s East Coast Road (ECR), connecting Thiruvanmiyur with Uthandi, appears unlikely to proceed after the project was omitted from Tamil Nadu’s latest policy note. The four-lane corridor was planned to cover about 13.5 km and was intended to address congestion along one of Chennai’s important southern coastal routes. The project had been formally launched earlier this year, but its exclusion from the latest policy document indicates that the government is reconsidering its implementation. The development leaves the project’s previously announced construction plans uncertain.Read more

24 Aug 2026

Avenue Supermarts, which operates the DMart retail chain, has approved an additional investment of up to INR 500 crore in its online grocery subsidiary Avenue E-Commerce Ltd, which operates the DMart Ready business. The investment was approved at the company’s annual general meeting held on August 20, as the subsidiary continues to expand its online operations despite widening losses. Avenue E-Commerce reported 17% revenue growth in FY26 to INR 4,094 crore, while its net loss increased to INR 307 crore. The latest funding could take total investment in the subsidiary to nearly INR 2,000 crore.Read more

24 Aug 2026

Krishvi Group is planning an INR 760-crore investment across three residential developments in Bengaluru, with a combined estimated gross development value of INR 1,050 crore. The projects will be spread over 6.5 acres and together comprise around seven lakh sq ft of residential development. Two projects are planned in Hennur, while the third, HBR Lakeside Residences, is located in HBR Layout. The Hennur developments will involve outright land acquisitions, whereas the HBR Layout project will be undertaken through a joint development arrangement. The proposed investments will expand the developer’s presence in North Bengaluru’s residential market, where demand for premium housing has continued to support new project launches.Read more

24 Aug 2026

Swedish construction company Skanska has secured a contract worth about USD 1.2 billion to build four data centres in the southeastern United States for an existing client. The facilities will have a combined area of around 75,000 square metres, or 808,000 square feet. Skanska’s work will cover the building shells and interior fit-outs for technical spaces, support areas and offices. Construction is scheduled to begin in the third quarter of 2026 and is expected to be completed in the third quarter of 2028. The company has not disclosed the exact locations or the identity of the client.Read more

24 Aug 2026

Kochi Metro Rail Ltd (KMRL) has proposed changing its name to Keralam Metro Rail Ltd as its role expands beyond Kochi to urban transport projects across Kerala. Managing Director Loknath Behera has submitted the recommendation to the state government seeking in-principle approval. The proposal follows the state government's official name change to Keralam and is aimed at reflecting KMRL's wider responsibilities, which now include the Kochi Water Metro, electric mobility projects and metro projects planned for Thiruvananthapuram and Kozhikode. The company has completed Kochi Metro's first phase from Aluva to Tripunithura and is currently implementing its second phase.Read more

Navi Mumbai News Desk

24 Aug 2026

Residents of Asawari Gruhasankul in Taloja Phase-2, Navi Mumbai, staged a protest outside CIDCO Bhawan in CBD-Belapur over persistent water shortages affecting 4,338 apartments across 51 towers. Around 200 residents, including women and senior citizens, participated in the agitation and sought a reliable supply of potable water. Residents said the housing complex, developed by CIDCO, has faced inadequate water supply since they received possession in 2021, despite repeated assurances over the past three years. They also complained about the quality and cost of tanker water and said piped supply is available for only around 10 minutes a day. CIDCO authorities have assured residents that the issue will be addressed within 15 to 20 days, while also warning that housing societies using booster pumps could face legal action.Read more

Lucknow News Desk

24 Aug 2026

The Uttar Pradesh government has approved INR 164.77 crore for construction of a road overbridge (ROB) at the Mahanagar railway crossing in Lucknow. The project is intended to address persistent traffic congestion at the crossing, where road users face delays when trains pass through the area. The proposed overbridge is expected to improve traffic movement and provide a grade-separated connection for commuters travelling through Mahanagar and surrounding areas. The approval adds to Lucknow’s ongoing efforts to strengthen road infrastructure and remove railway-level crossings that create bottlenecks on important urban routes.Read more

24 Aug 2026

Realty firm Brigade Enterprises has leased around 1.62 lakh square feet of office space in Thiruvananthapuram to US-based healthcare technology company HealthEdge. The space is spread across 11 floors of Brigade Square, the developer's first IT office building in the Kerala capital. The 2 lakh square feet commercial project is part of Brigade Group's expansion in Thiruvananthapuram. The company has also signed an MoU with the Kerala government to develop a 2 million square feet World Trade Center at Technopark Phase 1.Read more

24 Aug 2026

Swiggy's quick-commerce arm Instamart is set to shift from its existing marketplace model to an inventory-led model after shareholders approved changes to the company's foreign ownership cap. The move will allow Swiggy to qualify as an Indian-owned and controlled company, enabling it to hold inventory under India's foreign investment rules. The change is expected to improve Instamart's contribution margin by about 80 basis points through bulk buying, better supply-chain control and lower wastage. However, the inventory model will also increase working capital requirements as Swiggy will need to fund and manage stock.Read more

24 Aug 2026

India’s real estate investment trusts are increasing expansion through acquisitions and new office development as demand for high-quality commercial space remains firm. The country now has six REITs, comprising five office-focused and one retail-focused trust, together managing more than 214 million sq ft of assets. As of June, their combined gross assets under management exceeded INR 3.17 lakh crore. Embassy Office Parks REIT is pursuing sponsor and third-party acquisitions, with a potential 12–13 million sq ft pipeline, while its development pipeline stands at 6.2 million sq ft. Other REITs, including Knowledge Realty Trust, Brookfield India Real Estate Trust, Mindspace Business Parks REIT and Bagmane Prime Office REIT, are also pursuing expansion.Read more

24 Aug 2026

Ghaziabad is set to introduce a systematic identification and grading system for its road network, covering around 2,000 km of roads within the city's jurisdiction. Under the initiative, roads will receive unique identification numbers and condition-based grades, creating a structured database for monitoring their physical health and maintenance requirements. The move is aimed at improving accountability, enabling authorities to track repair needs more efficiently and helping officials prioritise road-related works. The system could also provide a more organised framework for allocating resources and monitoring the performance of maintenance agencies across the city.Read more

Pune News Desk

24 Aug 2026

Pune’s worsening traffic congestion is being linked to rapid urban expansion, rising vehicle ownership and infrastructure that has not kept pace with growth. The city’s built-up area has expanded by about 330% since 1990, while around 1,300 new vehicles are added each day. Traffic authorities have identified 65 congested junctions, with several operating beyond their capacity. Pune’s public transport network has also struggled to match the city’s expansion, while multiple committees and mobility plans have produced limited relief. Authorities are now examining measures including flyovers, junction improvements and efforts to raise average traffic speeds.Read more