1 minute ago

Indian investors are increasingly directing capital towards Dubai’s commercial real estate market, expanding beyond their traditionally strong presence in the emirate’s residential sector. Industry estimates indicate that Indian buyers accounted for nearly 23% of all foreign residential transactions in the UAE, investing around AED 37–41 billion (approximately INR 85,000–95,000 crore) during 2025. The shift reflects growing interest in income-generating office, logistics and industrial assets that offer stable rental returns and portfolio diversification. Dubai’s strategic location, transparent regulatory environment, business-friendly policies, currency stability and expanding financial and logistics sectors continue to support demand for Grade A commercial properties, attracting high-net-worth individuals, family offices and business owners seeking long-term international investment opportunities.Read more

1 hour ago

Bengaluru's residential market maintained steady growth during the first half of 2026, supported by major infrastructure projects, a resilient technology sector and sustained commercial expansion. According to Knight Frank India, the city recorded 27,968 housing sales in H1 2026, up 5% year-on-year, while new launches rose 4% to 34,749 units. Improved connectivity through the Namma Metro expansion, Peripheral Ring Road and Satellite Town Ring Road is driving residential activity across South, East and North Bengaluru, creating opportunities for emerging developers focused on high-growth micro-markets. Developers including Abhee Ventures, Mana Projects and NBR Group have expanded their presence in these infrastructure-led corridors, responding to rising demand for well-connected residential communities close to major employment centres.Read more

2 hours ago

The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated the land acquisition process for the proposed New Noida township by issuing notifications offering 410% additional compensation to landowners in six villages of Gautam Budh Nagar. The acquisition follows approval from the Uttar Pradesh government and marks the first phase of securing land for the industrial city planned across Gautam Budh Nagar and Bulandshahr districts. Conceived as an integrated manufacturing and logistics hub linked to the Noida International Airport, the township will accommodate industrial, commercial and residential development. The phased acquisition is expected to support the state's long-term strategy of expanding industrial infrastructure and attracting investments to the Yamuna Expressway region.Read more

01 Aug 2026

The Rajaji Nagar housing redevelopment project in Thiruvananthapuram has reached the final stage of completion, with the first phase of residential buildings ready for occupation. However, beneficiaries will have to wait until a permanent water supply connection is provided before the flats can be handed over. Implemented under the Smart City Thiruvananthapuram initiative, the project aims to rehabilitate residents from one of the city's oldest informal settlements while improving housing standards and urban infrastructure.Read more

01 Aug 2026

US apartment real estate investment trust (REIT) Essex Property Trust reported second-quarter 2026 core funds from operations (FFO) above market expectations, supported by continued rental growth across Northern California. The company posted core FFO of USD 4.08 per share, exceeding analysts' estimate of USD 4.04 per share. Revenue from its Northern California portfolio increased 4.4% year-on-year, while Southern California recorded 1.5% growth. Essex also reaffirmed confidence in its operating outlook by projecting full-year 2026 adjusted funds from operations (AFFO) of between USD 16.03 and USD 16.25 per share, with the midpoint exceeding analysts' forecasts. The results reflect sustained demand for rental housing in supply-constrained coastal markets.Read more

01 Aug 2026

The Union Ministry of Road Transport and Highways has sanctioned INR 239.45 crore under the Central Road and Infrastructure Fund (CRIF) for two road upgradation projects in Himachal Pradesh. The funding will support the improvement of the Chhaila–Neripul–Yashwant Nagar–Kumarhatti Road and the remaining stretch of the Tikkar–Jarol–Khamadi Road, with the projects aimed at strengthening connectivity in the state's horticulture belt. The approvals are expected to improve road access for farmers, horticulturists and local communities while enhancing regional transport infrastructure. The state government said construction work would begin after the completion of procedural formalities.Read more

01 Aug 2026

The Andhra Pradesh government has introduced a series of amendments to the Andhra Pradesh Building Rules aimed at simplifying development approvals and encouraging faster urban growth. The reforms include higher height limits for buildings, revised setback and parking requirements, streamlined no-objection certificate (NOC) procedures and expanded exemptions for smaller residential projects. Applicable across 23 priority urban areas, the revised framework is intended to reduce procedural delays, lower compliance costs and support infrastructure-led development under the state’s urban planning strategy. The changes also introduce revised regulations for high-rise buildings and special occupancies while strengthening provisions related to fire safety and structural compliance for larger developments.Read more

01 Aug 2026

Moody’s Analytics has projected a moderation in Asia-Pacific economic growth over the next two years, citing rising commodity prices, tighter monetary and fiscal policies, trade uncertainties and adverse weather conditions as key risks. While the region has remained resilient due to strong exports and investment driven by artificial intelligence, the global rating agency believes this momentum will gradually weaken. It also warned that continued geopolitical tensions in West Asia, volatile oil prices and the return of El Niño could fuel inflation, pressure central banks to maintain higher interest rates and weigh on economic activity across the region.Read more

01 Aug 2026

Waaree Energies reported a 15.39 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by a sharp rise in revenue and higher production. The company also recorded strong order inflows during the quarter, taking its total order book to a record INR 61,500 crore. Along with continued growth in its core solar manufacturing business, Waaree said its newer business segments have started contributing to revenue, strengthening its growth outlook across domestic and international markets.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) carried out demolition action against six unauthorised constructions in the Airoli ward earlier this week, continuing its enforcement drive following the removal of 13 illegal structures a day earlier. The action was undertaken under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966, after notices were issued to property owners for unauthorised construction. The demolition drive forms part of the civic body's compliance with directions linked to a Public Interest Litigation (PIL) and an appeal issued by the Municipal Commissioner. The operation was carried out with demolition equipment, municipal staff, labourers and police protection.Read more

01 Aug 2026

The proposed construction and demolition (C&D) waste processing plant in Gurugram has drawn opposition from local residents, who have raised concerns over its location and potential environmental impact. Residents of nearby sectors submitted objections during a public hearing organised by the Haryana State Pollution Control Board (HSPCB), citing issues related to air pollution, groundwater contamination, traffic congestion and public health. The facility is proposed to be developed near residential areas and is intended to process construction and demolition waste generated across Gurugram. While authorities maintain that the project will improve scientific waste management, residents have urged the government to relocate the facility to a less populated area before granting environmental clearance.Read more

01 Aug 2026

Sundaram Home Finance reported a 37% year-on-year increase in net profit to INR 85 crore for the quarter ended 30 June 2026, supported by higher loan disbursements and continued expansion in its Emerging Business (EB) segment. Total disbursements rose 12% to INR 1,665 crore, while assets under management increased 11% to INR 20,325 crore. The lender's EB segment, comprising affordable housing finance and small-ticket loans, recorded more than double the disbursements of the corresponding quarter last year. The company attributed the growth to rising housing demand in smaller towns and plans to strengthen its presence by opening 25 additional EB branches during the current financial year.Read more

01 Aug 2026

Mumbai's real estate market is witnessing a shift towards decentralised growth, with emerging micro-markets increasingly driving residential and commercial activity across the Mumbai Metropolitan Region (MMR). Improved connectivity through metro rail, the Mumbai Trans Harbour Link (MTHL), the Coastal Road and other transport projects is reshaping buyer and occupier preferences beyond traditional business districts. According to ANAROCK's Residential Market Viewpoints Q2 2026 report, the average residential price in MMR reached INR 17,780 per sq. ft. during the second quarter of 2026, up 4% year-on-year, while the region recorded around 28,700 housing sales, accounting for nearly 32% of India's residential demand. Industry stakeholders say locations including Mulund, Thane, Mira Road, Sion-Matunga, Goregaon East and Andheri are emerging as key beneficiaries of this infrastructure-driven transformation.Read more

01 Aug 2026

Indian Retail Alliance Private Ltd (IRAPL), the joint venture between Allanasons Pvt Ltd of the Allana Group and Captain Fresh, has recorded an annualised revenue run-rate of approximately INR 100 crore within two months of commencing operations. Established in May 2026, the company has begun operations across Goa, Bengaluru and Kerala, with further expansion underway in Pune and Kolhapur. IRAPL aims to establish a network of more than 100 stores by the end of August 2026 while exploring opportunities in Hyderabad and other markets. The venture is also building institutional partnerships, expanding distribution channels and strengthening the Allana Group's presence in India's organised domestic protein retail and food supply market.Read more

01 Aug 2026

Bengaluru-based Revspot has secured USD 4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures, with participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital. The company will use the capital to strengthen its AI-native platform, expand engineering and buyer-intelligence capabilities, enter additional high-value business sectors and grow its international presence. Founded in 2024, Revspot provides an automated lead generation and qualification platform for high-ticket B2C businesses, serving more than 50 customers across sectors including real estate, education, automotive and wealth management. The company also plans to enhance its qualified pipeline infrastructure through its new orchestration platform, Spot.Read more

01 Aug 2026

Paranjape Schemes (Construction) Ltd. has launched The Promenade Residences, a premium residential development within its 150-acre Blue Ridge integrated township in Hinjewadi Phase 1, Pune. The 32-storey project comprises spacious residences with river-facing views and forms part of the township's mixed-use ecosystem, which includes residential, commercial, educational and recreational facilities. Located close to Pune's major IT corridor, the development aims to cater to homebuyers seeking larger homes within an established township. Residents will have access to amenities including a golf course, sports facilities, retail spaces and community infrastructure, while benefiting from improved regional connectivity and proximity to employment hubs.Read more

01 Aug 2026

The Department of Financial Services under the Ministry of Finance has launched India's first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP), expanding the country's domestic maritime insurance framework. Developed by New India Assurance Company, the policy provides coverage against third-party maritime liabilities with an indemnity limit of up to USD 1.5 billion. The move builds on the successful rollout of BMIP's war risk insurance, which has reduced premium rates and strengthened domestic underwriting capacity while supporting India's efforts to reduce dependence on overseas insurance markets.Read more

01 Aug 2026

For many homebuyers, receiving the keys to a flat feels like the final step in the purchase process. Legally, however, ownership is only complete after the sale deed is registered. Across India, thousands of flats remain unregistered despite being occupied or fully paid for. Some are held back by missing approvals and legal disputes, while others are delayed due to financial or procedural reasons. Here are 10 common- and often overlooked; reasons why some Indian flats never get registered, and why it matters more than many buyers realise.Read more

01 Aug 2026

The Union government has informed Parliament that Andhra Pradesh did not submit a proposal seeking houses under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) 2.0 despite being eligible for assistance. Union Minister of State for Housing and Urban Affairs Tokhan Sahu stated that the Centre had repeatedly requested the state government to submit proposals under the scheme but had not received any response. As a result, no central assistance has been sanctioned for Andhra Pradesh under PMAY-U 2.0. The Centre also clarified that allocations under the scheme depend on proposals received from states and Union Territories, with assistance released only after due appraisal and approval.Read more

01 Aug 2026

The proposed revival of Tripura's non-operational Kailashahar Airport has been delayed due to pending land acquisition, according to state Transport Minister Sushanta Chowdhury. The existing runway is too short to accommodate ATR aircraft, making expansion essential before flight operations can resume. The state government has already held discussions with the Airports Authority of India (AAI), but the feasibility report is still awaited. The project is estimated to require between INR 400 crore and INR 500 crore for land acquisition and airport expansion, with the government expected to take a decision after receiving the report.Read more

01 Aug 2026

ITC Hotels Limited has signed a management agreement to develop a Welcomhotel-branded property in Rajgir, Bihar, under a long-term arrangement involving the Bihar State Tourism Development Corporation and Kalsi Buildcon Private Limited. Announced in the presence of Bihar's Deputy Chief Minister, Shri Samrat Choudhary, and ITC Hotels Managing Director Anil Chadha, the project will be built across 2.67 acres and comprise 107 guest rooms and suites, dining and event facilities. The signing forms part of ITC Hotels' expansion strategy in Bihar, following the recent signing of an ITC hotel in Patna and the opening of Welcomhotel Bodhgaya Hotel & Convention Centre, as the company targets growing demand for historical, spiritual and experiential tourism.Read more

01 Aug 2026

Lashkaria Group has announced that its luxury residential project, Lashkaria Indrasukh, in Andheri West, Mumbai, has entered the final stage of construction. Located around 650 metres from Versova Metro Station, the development comprises two residential towers offering 2 and 3 BHK Sky Deck Residences. The project includes 780 sq ft RERA carpet area 2 BHK units and 1,100 sq ft 3 BHK units, along with a range of lifestyle amenities and connectivity to key social and transport infrastructure. According to the developer, the project has witnessed interest from both end-users and investors and is expected to strengthen its residential portfolio in Mumbai's western suburbs upon completion.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) participated in the Maharashtra Government's Chhatrapati Shivaji Maharaj Mahaswa Samadhan Abhiyan by setting up information stalls on more than 50 civic welfare schemes under its Social Development Department. The outreach camps were organised between 22 July and 2 August 2026 across Assembly constituencies to improve access to government services and welfare programmes. In Navi Mumbai, camps were held at Ghansoli and Nerul, where residents received information on municipal initiatives alongside government certificates issued by the Thane District Collectorate and Revenue Department. The initiative forms part of a broader state effort to extend public welfare services to a larger section of citizens.Read more

01 Aug 2026

Sugee Group has announced its entry into the Thane real estate market with plans to develop a waterfront commercial project spanning more than 50 acres around Siddheshwar Lake in Thane West. Announced during the past week, the development marks the Mumbai-based developer's first project in the city and is positioned as a Grade A+ commercial destination. Designed by architect Hafeez Contractor, the project aims to cater to growing demand for premium office space from businesses seeking alternatives to Mumbai's commercial districts. The company said the integrated development will benefit from Thane's expanding transport infrastructure and forms part of its broader strategy to expand its presence beyond Mumbai into high-growth urban markets.Read more

01 Aug 2026

A Parliamentary Standing Committee has recommended a series of measures to strengthen the legal sustainability and governance framework of the Securities and Exchange Board of India (SEBI). The panel has called for clearer statutory provisions, proportionate enforcement mechanisms, enhanced investor protection measures and stronger safeguards against conflicts of interest. It has also recommended expanding SEBI's board and reducing excessive reliance on subordinate legislation, with the aim of making the securities market regulatory framework more transparent, accountable and legally robust.Read more

01 Aug 2026

Schneider Electric has raised its full-year 2026 profit guidance after reporting stronger-than-expected first-half earnings, supported by sustained demand from the global data centre sector. The French industrial group, which supplies power management and cooling systems for data centres, exceeded analysts' expectations for adjusted EBITA in the first half of the year. While the company remains optimistic about growth, it cautioned that ongoing tensions in the Middle East could disrupt global supply chains and add inflationary pressure in the second half of the year. Currency fluctuations also weighed on second-quarter revenue.Read more

01 Aug 2026

Bolt.Earth has highlighted the contribution of its certified technician network, which has expanded from 800 members in 2024 to more than 5,000 across India in 2026, supporting the operation and maintenance of its EV charging infrastructure. The Bengaluru-based company recently held its first Rewards & Recognition programme, honouring 17 technicians representing 17 states for their role in ensuring charger reliability. The initiative comes as India's EV charging ecosystem continues to expand, with technicians playing a key role in installation, maintenance and fault resolution. Bolt.Earth said the workforce growth reflects one of the country's largest skilled employment networks within the EV charging sector, spanning both metropolitan centres and smaller towns.Read more

01 Aug 2026

IndiGo Managing Director Rahul Bhatia has called on the government to rationalise taxes on aviation turbine fuel (ATF) and airport charges, saying lower airfares could significantly increase demand in India's price-sensitive aviation market. He said airlines have largely absorbed rising operating costs instead of passing them on to passengers, while airport charges have increased sharply. Bhatia also addressed concerns over IndiGo's dominant domestic market share, stating that a significant portion of the airline's capacity is deployed on unique routes where it has created new markets rather than competing directly with other carriers.Read more

01 Aug 2026

fischer has validated a seismic retrofitting solution for reinforced concrete buildings through full-scale earthquake tests conducted in collaboration with Purdue University, USA. The research focused on improving the structural performance of existing buildings constructed before modern earthquake-resistant design standards were introduced. The tested system combines bonded anchors, injection mortar and haunch elements to strengthen beam-column joints, enabling structures to better withstand seismic forces. The findings demonstrated improved structural stability and controlled load transfer under earthquake loading conditions. The company said the research supports the development of practical retrofitting solutions for ageing infrastructure, with relevance for earthquake-prone regions such as India, where strengthening existing buildings is becoming an increasingly important aspect of infrastructure resilience.Read more

01 Aug 2026

Around USD 95 billion worth of internal combustion engine (ICE)-related manufacturing assets in the Asia-Pacific region could face obsolescence as electric vehicle (EV) production overtakes ICE vehicle manufacturing within the next five years, according to a new report by CBRE. The report estimates that major automotive groups with a strong regional presence hold approximately USD 354 billion in ICE-linked fixed assets globally, with around one-quarter located in Asia-Pacific. CBRE expects the transition to accelerate investment in Southeast Asia as an EV manufacturing hub while encouraging automakers to adopt asset-light strategies, including sale-and-leaseback transactions and greater collaboration with logistics providers and institutional real estate investors to modernise industrial infrastructure.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) carried out a partial demolition of an unauthorised construction at Plots 118, 119 and 120 in Sector 2B, Airoli, during the past week as part of its ongoing drive against illegal developments. The action was undertaken under the directions of the Municipal Commissioner and senior civic officials after the developers allegedly continued construction despite receiving a statutory notice under Section 54 of the Maharashtra Regional and Town Planning Act, 1966, earlier this year. The demolition was executed by the civic body's encroachment department with the support of labourers, demolition machinery, police personnel and other equipment. The corporation stated that similar enforcement drives against unauthorised constructions across its jurisdiction will continue.Read more

31 Jul 2026

The Municipal Corporation of Delhi (MCD) has intensified its action against unauthorised construction by demolishing 14 illegal properties, sealing another and issuing 16 show-cause notices to property owners. The action forms part of a wider enforcement campaign being carried out across the capital to curb violations of building regulations. Since the beginning of June, the civic body has demolished 681 unauthorised properties and sealed 398 others. Officials have also urged residents to obtain all mandatory approvals before undertaking any construction activity.Read more

31 Jul 2026

Municipal authorities in Cape Town, South Africa, have approved Equinix's proposal to develop two data centres in the King Air Industria area, despite objections from environmental and community groups. The approval advances one of the country's largest proposed data centre developments, with the facilities expected to require around 170 MW of power capacity. Activist organisations, including Housing Assembly and Foxglove, opposed the project over concerns relating to electricity consumption, water use and environmental impacts, arguing that greater disclosure was needed. Equinix said it has acquired the project site but has not yet submitted a detailed site development plan, adding that it will engage with stakeholders if the development proceeds.Read more

31 Jul 2026

The Supreme Court has ruled that infrastructure and development projects requiring environmental clearance must obtain prior approval before commencing work, reinforcing the statutory framework under the Environment Impact Assessment (EIA) Notification, 2006. The court held that the Centre cannot create a mechanism for granting post-facto environmental clearances through administrative orders alone and that any such policy change must be introduced through a statutory notification. The judgment strengthens environmental safeguards while providing greater legal clarity on project approvals and regulatory compliance.Read more

31 Jul 2026

Embassy Office Parks REIT reported a strong start to FY27, with its net operating income and revenue from operations rising 17% year-on-year during the April–June quarter. The office REIT also announced a distribution of INR 598 crore to unitholders. During the quarter, the company leased 1.3 million square feet of office space, with Global Capability Centres (GCCs) remaining the primary demand driver. AI-related companies also accounted for a notable share of fresh leasing, reflecting the increasing role of technology-led occupiers in India's office market. The REIT continues to maintain one of the country's largest office portfolios.Read more

31 Jul 2026

Kalind Ltd has entered into a strategic agreement with UK-based Dharan International Limited to jointly explore and execute infrastructure opportunities across Africa. The partnership establishes a framework for identifying, bidding for and delivering government as well as private-sector projects across the continent. Under the arrangement, Dharan International will be responsible for sourcing and coordinating business opportunities, while Kalind will contribute technical expertise, project credentials and undertake subcontract work wherever required. The collaboration is expected to strengthen Kalind's international presence and expand its participation in Africa's growing infrastructure sector.Read more

31 Jul 2026

Brookfield has launched a new renewable energy platform, Lumara, in India with an investment of about USD 600 million through its Catalytic Transition Fund. The platform will support the development and construction of solar, wind and battery energy storage projects, backed by an initial portfolio exceeding 6 GW. Lumara has been created to address key challenges such as delays in power purchase agreements, grid connectivity and land acquisition. The move strengthens Brookfield's growing energy portfolio in India as the country continues to expand its clean energy capacity.Read more

31 Jul 2026

Mindspace Business Parks REIT is planning to raise INR 6 billion through a two-year bond issue, according to banking sources. The proposed bonds will carry a coupon of 7.4913%, with commitment bids scheduled for Friday. The issue has received a AAA rating from Crisil, reflecting its strong credit profile. The planned fundraising comes as several highly rated issuers continue to tap the domestic debt market to meet refinancing and growth requirements amid steady investor demand for high-quality corporate bonds.Read more

31 Jul 2026

A-1 Limited reported a sharp rise in its consolidated financial performance for the June quarter, with net profit increasing to INR 3.16 crore from INR 60 lakh in the corresponding period last year. The Ahmedabad-based transport and logistics company also recorded a substantial increase in total income, which climbed to INR 175.13 crore from INR 64.78 crore a year earlier. The improved earnings reflect stronger business activity during the quarter, highlighting the company's continued growth in the transport and logistics sector.Read more

31 Jul 2026

Telangana Chief Minister A. Revanth Reddy has urged the Centre to allocate 11,56,915 houses under the Pradhan Mantri Awas Yojana–Gramin (PMAY-G) 2.0, citing growing rural housing demand and the need to provide permanent homes to eligible families. During a meeting with Union Minister for Rural Development and Agriculture Shivraj Singh Chouhan in New Delhi, the Chief Minister said the requirement was identified through the Centre's Awaas+ survey. The state also requested the expansion of rural employment activities under the Viksit Bharat Guarantee for Rozgar and Aajivika Mission (VB-G RAM-G) and sought employment support for beneficiaries constructing houses under the state's Indiramma Housing Scheme.Read more

31 Jul 2026

CoStar Group has lowered its full-year revenue forecast as uncertainty in the commercial real estate market continues to weigh on business performance. The company has also shifted its focus towards tighter cost control, reducing its projected expense baseline while maintaining limited operating cost growth. Although second-quarter adjusted earnings exceeded market expectations, revenue fell slightly short of estimates. The company also issued weaker-than-expected guidance for the third quarter, reflecting continued pressure from high borrowing costs, hybrid work trends and heavy investments in its residential marketplace business.Read more

31 Jul 2026

The Bangalore Hotels Association (BHA) has warned that hotels affiliated with it and other hospitality bodies in Bengaluru will suspend business with Swiggy from August 15 if the company does not address concerns related to payment transparency, unauthorised deductions and advertising charges. The association has sought a transparent payout system, clear disclosure of all charges and consent-based advertising deductions. It has also objected to additional charges beyond agreed service fees, claiming that several restaurants are receiving less than half of their billed order value because of multiple deductions.Read more

31 Jul 2026

Swiggy reported a consolidated net loss of INR 791 crore for the first quarter of FY27, improving from the corresponding period last year as higher revenue helped reduce losses. The company recorded strong growth in revenue from operations despite an increase in overall expenses driven by advertising, sales promotion and delivery costs. Swiggy also said its quick commerce business, Instamart, achieved its targeted contribution break-even during the quarter and is expected to benefit further from a proposed Indian-Owned and Controlled Company (IOCC) structure, subject to shareholder approval at its upcoming annual general meeting.Read more

31 Jul 2026

Outbound investments from Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) continue to face challenges due to tax-related issues, limiting the growth of overseas investment structures. The International Financial Services Centres Authority (IFSCA) has confirmed that it is working with the central government to address these concerns. Industry participants believe reforms in taxation and the tax collected at source (TCS) framework could improve the competitiveness of GIFT IFSC. Despite current hurdles, experts expect outbound investments by Indian investors to increase gradually as portfolio diversification gains importance.Read more

31 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has revived plans to develop a golf course on the reclaimed Mulund landfill after a proposal to lease part of the site for the Dharavi Redevelopment Project was deferred. Civic authorities are now moving ahead with a feasibility assessment to examine the site's suitability for recreational infrastructure while continuing to evaluate future land-use options. The development reflects Mumbai's ongoing efforts to repurpose reclaimed landfill land through sustainable urban planning.Read more

31 Jul 2026

Prestige Estates Projects Ltd reported a 19% year-on-year decline in consolidated net profit to INR 235.9 crore for the quarter ended June 2026, despite recording higher total income. Revenue rose to INR 2,835.6 crore from INR 2,468.7 crore in the corresponding period last year. Separately, the Bengaluru-based developer announced a strategic partnership to develop a 14.6-acre residential project in Thane, Mumbai Metropolitan Region (MMR), with a development potential exceeding 5 million sq. ft. The company expects the project to generate around INR 6,000 crore in revenue, reinforcing its expansion strategy in one of MMR's fastest-growing residential markets.Read more

31 Jul 2026

Extra Space Storage has raised its full-year 2026 funds from operations (FFO) forecast after reporting improved pricing for its self-storage units and better cost management during the second quarter. The real estate investment trust (REIT) benefited from a slowdown in new storage supply, which helped strengthen pricing across its portfolio. Along with higher rental income, the company also reduced operating expenses and lowered its full-year expense growth guidance. Quarterly core FFO exceeded analysts' expectations, reflecting improved operating performance and a favourable market environment.Read more

31 Jul 2026

The Kerala government has launched a round-the-clock enforcement mechanism on national highways by dividing the state's highway network into six enforcement zones. The initiative aims to curb overspeeding, traffic violations and road accidents through continuous mobile patrolling and coordinated enforcement. Each zone, covering around 100 km of national highways, will be monitored by dedicated transport enforcement teams under the supervision of Deputy Transport Commissioners. The move follows a recent fatal road accident in Malappuram and is intended to improve compliance with traffic regulations, strengthen emergency response and enhance road safety across Kerala's expanding highway network.Read more

31 Jul 2026

The Haryana Cabinet has approved a significant reduction in stamp duty and registration charges for Economically Weaker Section (EWS) beneficiaries purchasing eligible dwelling units under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) 2.0. Under the revised policy, beneficiaries buying homes of up to 60 sq m will pay a nominal INR 500 each towards stamp duty and registration charges per conveyance deed. The decision, approved under the chairmanship of Chief Minister Nayab Singh Saini, aims to lower transaction costs for affordable housing beneficiaries and support the state's efforts to improve home ownership among economically weaker households under the Centre's 'Housing for All' initiative.Read more

31 Jul 2026

Weeks after the Bombay High Court cleared the way for MHADA's cluster redevelopment of its Bandra Reclamation and Adarsh Nagar (Worli) layouts, the Supreme Court has granted interim relief by staying the issuance of work orders for the projects until August 13. The apex court's order does not overturn the High Court judgment but pauses further implementation while it considers petitions challenging the redevelopment policy. The temporary stay delays the next procedural step in one of Mumbai's largest planned housing redevelopment initiatives.Read more