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The Allahabad High Court has directed authorities in Uttar Pradesh to ensure that residential developments incorporate accessible infrastructure for persons with disabilities, reinforcing compliance with statutory provisions. The order, issued in the past week, mandates the inclusion of features such as ramps, lifts, and barrier-free pathways in housing projects across the state. The court emphasised adherence to the Rights of Persons with Disabilities Act, highlighting gaps in implementation within existing and upcoming residential complexes. Authorities, including local development bodies, have been instructed to ensure compliance at both approval and execution stages. The directive places responsibility on developers and planning agencies to integrate accessibility into project design, signalling stricter scrutiny of housing approvals and construction standards in the state.Read more

20 Mar 2026

The Enforcement Directorate (ED) has restored immovable assets valued at about INR 650 crore to more than 2,300 homebuyers affected by stalled projects of Faridabad-based SRS Group. The restitution, enabled through provisions of the Prevention of Money Laundering Act (PMLA), followed verification of claims submitted by buyers who had invested in various residential and commercial developments. A special PMLA court in Gurugram permitted the restoration after establishing that the claimants were genuine purchasers without links to the alleged offences. The properties include flats and plots across multiple SRS developments in Haryana. The action forms part of an ongoing investigation into alleged financial irregularities and diversion of funds by the developer's promoters, which had left several housing projects incomplete and thousands of buyers in uncertainty.Read more

20 Mar 2026

InterRent Real Estate Investment Trust has announced a leadership transition at the top level, with its current Chief Executive Officer, President, and Trustee, InterRent Real Estate Investment Trust, set to step down. Brad Cutsey will resign from all executive and trustee roles effective March 23, 2026. In response, the company has appointed Dave Nevins as interim Chief Executive Officer, starting the same date. The transition reflects a planned leadership change aimed at ensuring continuity in operations while the trust manages its next phase of executive alignment and governance stability.Read more

Chennai News Desk

20 Mar 2026

The 14.6 km Chennai Metro stretch between Poonamallee Bypass and Vadapalani is now expected to open only after state assembly elections, due to restrictions under the model code of conduct and the desire for a full ceremonial launch. Conditional safety approvals have been granted, but final deck slab installations, signalling system adjustments, and incomplete stations remain. Initial services will operate on a limited schedule with selective station stops, gradually expanding as remaining stations and infrastructure are ready, providing much needed connectivity for west and central Chennai commuters.Read more

20 Mar 2026

Powerica Ltd, a provider of integrated power solutions, is launching a Rs 1,100 crore initial public offering, combining a fresh share issue of Rs 700 crore with an offer for sale of Rs 300 crore by promoters. The IPO, priced at Rs 375-395 per share and valuing the company at around Rs 5,000 crore, will primarily fund debt reduction. Bidding for anchor investors will occur before the public subscription opens, with the stock expected to debut in early April. The company has seen revenue growth, though net profit has declined recently.Read more

20 Mar 2026

Megaworld Corp's real estate investment trust, Mreit, has secured approval from the Securities and Exchange Commission for its property-for-share swap transaction with Megaworld Corporation. The approval allows Mreit to proceed with the exchange structure, where identified property assets will be transferred in return for shares. This development supports the ongoing asset infusion strategy between the entities and aligns with regulatory requirements. The transaction is expected to strengthen Mreit's asset base and maintain its portfolio expansion through asset-backed growth while ensuring compliance with existing corporate and regulatory frameworks.Read more

20 Mar 2026

The Chhattisgarh legislative assembly, led by the Chhattisgarh Legislative Assembly, approved the state's budget for FY 2026-27 with a total appropriation of INR 1.87 lakh crore and a net outlay of INR 1.72 lakh crore. Finance Minister O P Choudhary outlined that the budget focuses on inclusive growth, infrastructure, and welfare schemes. Key allocations include agriculture support, women's empowerment, and new missions in AI, tourism, and startups. The state also highlighted strong economic growth and ongoing policy efforts aimed at long-term development.Read more

20 Mar 2026

Axis Bank has decided to invest INR 1,500 crore in its wholly owned subsidiary, Axis Finance Ltd (AFL), via a rights issue over the next year. The investment, approved by the bank's Acquisitions, Divestments and Merger Committee and the Reserve Bank of India, will be made in one or more tranches before March 31, 2027. AFL posted a turnover of INR 2,504 crore for the first half of FY26, compared to INR 4,296 crore in FY25. The capital infusion is intended to support AFL's growth and strengthen its operations.Read more

20 Mar 2026

The National Company Law Tribunal has approved Adani Enterprises INR 14,535 crore resolution plan for Jaiprakash Associates, allowing the group to take control of the financially stressed company. The decision follows approval from lenders despite objections raised by Vedanta. Jaiprakash Associates, admitted to insolvency after defaulting on loans exceeding INR 50,000 crore, has major real estate and infrastructure assets, especially in Noida and Greater Noida. While the resolution brings clarity to creditors, legal disputes and delayed housing projects, including those affecting thousands of homebuyers, remain key concerns.Read more

20 Mar 2026

Operations at the New Delhi airport were affected after dust storms and heavy rain led to weather disruptions during the evening this week. As a result, around 22 incoming flights were diverted to alternate airports, according to an official statement. The situation prompted the India Meteorological Department to issue an orange alert for the city, indicating significant weather activity. The Indira Gandhi International Airport, which handles over 1,300 flight movements daily, experienced temporary operational impact due to reduced visibility and adverse flying conditions.Read more

20 Mar 2026

Central China Real Estate Ltd has indicated that it is likely to report a significant net loss for the financial year 2025, estimating a range between RMB 2.8 billion and RMB 3.2 billion. The company attributes the expected loss primarily to the continued slowdown in the property market during the period, along with other contributing factors. The outlook reflects ongoing pressure on the real estate sector, which has been facing demand constraints and liquidity challenges in recent years. The disclosure signals continued financial stress for developers operating in a subdued market environment.Read more

Noida News Desk

20 Mar 2026

Industrial activity in the Yamuna Expressway region has recorded a measurable increase, supported by the upcoming Noida International Airport, with 54 new industrial plots allotted and more than 700 lease deeds executed over the past year. Data released by the Yamuna Expressway Industrial Development Authority (YEIDA) indicates that total industrial allotments rose to 3,113, while lease deeds increased from 1,632 to 2,363 during the same period. The number of units taking physical possession of plots also rose significantly, reflecting improved conversion of allotments into active projects. The airport project, which recently received its aerodrome licence, is contributing to investor interest and project execution in the corridor, with additional indicators such as sanctioned building plans and construction activity also showing an upward trend.Read more

20 Mar 2026

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 75,000 crore to be conducted on March 20, aimed at managing surplus liquidity in the banking system. The move follows sustained liquidity infusion measures by the central bank, including recent short-term and durable liquidity operations. With system liquidity currently in surplus at over INR 81,900 crore, the RBI continues to calibrate its approach to stabilise overnight interest rates. The auction forms part of broader monetary operations that influence borrowing costs, credit flow, and overall financial conditions, with indirect implications for interest rate-sensitive sectors such as real estate and infrastructure financing.Read more

20 Mar 2026

Supermarket Income REIT, a UK based real estate investment trust focused on grocery property, has expanded the secured term loan backing its joint venture with Blue Owl Capital to GBP 437 million. The move reflects ongoing refinancing efforts as part of scaling its grocery real estate portfolio. Previously, the company had secured a GBP 215 million JV loan and has a track record of strategic refinancing and acquisitions across the UK and Europe. The increased facility provides additional liquidity to support future investment and portfolio growth.Read more

20 Mar 2026

The Delhi government has cleared a set of road infrastructure projects aimed at improving connectivity and easing congestion across key stretches of the city. The plan includes the Barapullah Phase-III extension linking Mayur Vihar and Sarai Kale Khan, and a six-lane elevated corridor along Mehrauli-Badarpur Road. These projects are expected to enable signal-free movement, reduce travel time, and ease pressure on existing roads. The initiative is part of a broader strategy to strengthen urban mobility, building on earlier proposals for road expansion, underpasses, and better connectivity across high-traffic zones.Read more

20 Mar 2026

Concerns over misuse of housing provisions in Mumbai have led to a city-wide vigilance audit after allegations of an INR 2,000 crore scam were raised in the state assembly. The issue relates to developers allegedly misusing additional FSI benefits granted for building homes for project-affected people and transit camps. Instead of delivering mandated housing, some projects reportedly created saleable residential and commercial units. Authorities have begun examining approvals, construction status, and handover records, with strict action expected against developers and officials if violations are confirmed.Read more

20 Mar 2026

A developer has been arrested in Nashik in connection with alleged violations of the mandatory Economically Weaker Section (EWS) housing quota across 49 residential projects. The action follows a police investigation into complaints that builders and landowners collectively bypassed the requirement to reserve 20% of project land for EWS housing in developments exceeding 4,000 sq m. Authorities have named around 197 individuals, including developers and landlords, in the case. Investigators have alleged that forged documents were used to fragment land parcels and evade regulatory thresholds. The case, registered earlier this month at Sarkarwada police station, stems from findings of a district-level inquiry into compliance with Maharashtra's housing policies of 2013 and 2017.Read more

20 Mar 2026

Andhra Pradesh has received approval for the transfer of 385.24 acres of salt land at the Naupada Salt Factory to the Andhra Pradesh Maritime Board for Mulapeta Port development. Chief Minister N. Chandrababu Naidu thanked Prime Minister Narendra Modi and Commerce Minister Piyush Goyal, emphasizing that the move will enhance port connectivity and operational efficiency. Located in Srikakulam, Mulapeta Port can accommodate 2 lakh DWT vessels, is well connected to highways and railways, and will feature four berths with a capacity of 15 million tons of cargo per year, serving neighboring states as well.Read more

20 Mar 2026

Cube Highways Trust has filed draft documents with the Securities and Exchange Board of India (Sebi) to raise up to INR 5,000 crore through an initial public offering, marking its transition from a privately listed infrastructure investment trust to a publicly listed InvIT. The issue will be entirely an offer-for-sale by existing investors, including Cube Highways and Infrastructure entities and institutional stakeholders. The InvIT, which manages 27 road assets across 12 states and one union territory, reported assets under management of INR 36,520 crore as of September 2025. Ahead of the listing, the trust plans to acquire four additional highway and tunnel assets, expanding its portfolio to 31 assets. The move is expected to broaden its investor base and improve liquidity access.Read more

Mumbai News Desk

20 Mar 2026

Residents and civic groups in Chhatrapati Sambhajinagar have urged the Maharashtra government to introduce a property tax waiver similar to Mumbai's exemption for smaller residential units. A memorandum submitted in the past week proposes extending tax relief to homes up to 1,000 sq ft, compared to Mumbai's exemption threshold of 700 sq ft. The demand has been led by local citizen groups citing parity across cities governed under similar administrative frameworks. However, municipal officials have raised concerns over the financial viability of such a move, noting that the Chhatrapati Sambhajinagar Municipal Corporation (CSMC) collected about INR 157.7 crore in property tax in FY2024-25, significantly lower than Mumbai's civic revenues. The proposal highlights growing pressure on smaller urban local bodies to balance fiscal sustainability with citizen demands for tax relief.Read more

20 Mar 2026

JSW Realty has entered into a development agreement with the Patel family to redevelop Malabar Court, a nearly one-acre land parcel in Malabar Hill, Mumbai. The project, located adjacent to the Malabar Hill Club, will be developed into a boutique luxury residential tower with an estimated revenue potential exceeding INR 2,000 crore. The site has earlier been owned by the Patel family for over seven decades. The agreement marks JSW Realty's continued expansion in Mumbai's high-value residential segment, focusing on low-density, premium developments in established neighbourhoods. The project reflects ongoing redevelopment activity in South Mumbai, where limited land availability and strong demand for luxury housing continue to drive high-value residential investments.Read more

20 Mar 2026

Gulshan Group has announced an investment of INR 1,000 crore to develop a Taj-branded luxury hotel and residential project in Sector 129 along the Noida Expressway. The development, to be managed by the Indian Hotels Company (IHCL), will comprise a 150-key hotel, 74 serviced apartments, and a penthouse. The project, currently under construction, is expected to be completed within five years. While the hotel and penthouse will be retained by the developer, the residential component is projected to generate over INR 2,000 crore in revenue. Positioned as the tallest Taj hotel and the first in Noida, the project reflects growing demand for branded residences and luxury hospitality assets in the National Capital Region.Read more

Noida News Desk

20 Mar 2026

Noida International Airport has proposed a revised user development fee (UDF) structure for passengers, with departure charges ranging from INR 653 to INR 1,200 for FY27. The proposal, submitted to the Airports Economic Regulatory Authority, also includes fees for arriving passengers and a plan for annual increases till FY31. The move comes as the airport prepares to start operations and aims to balance revenue generation with competition in the NCR's dual-airport market. The final tariff decision is currently under regulatory review.Read more

Mumbai News Desk

20 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has closed a cheating case involving approximately INR 67.5 crore against Kamala Mills owner and developer Ramesh Govani, following a detailed investigation into a redevelopment dispute. The closure, reported in the past week, comes after the agency filed a B summary report before a metropolitan magistrate court, citing insufficient evidence to support the allegations. The complaint related to a land redevelopment agreement under which compensation of INR 20 crore along with residential and commercial units had reportedly been promised but not delivered. Investigators found that the agreement between the parties had been mutually cancelled in 2017, a fact not disclosed in the original complaint, leading authorities to conclude that criminal intent could not be established.Read more

20 Mar 2026

Air India will operate 36 additional flights to Europe and Canada to manage disruptions caused by restricted West Asia airspace. The move aims to maintain connectivity and handle increased passenger demand on long-haul routes. The additional services will run until March 28 and will connect major Indian cities like Delhi and Mumbai with destinations such as London, Toronto, Frankfurt, and Zurich. Due to rerouting, flight durations have increased, prompting operational adjustments including schedule changes and regulatory support for extended flying hours.Read more

20 Mar 2026

House price growth in the United Kingdom is expected to moderate over the next three years, according to a Reuters poll of housing analysts, as expectations of interest rate cuts by the Bank of England have weakened amid geopolitical tensions and rising inflation risks. The survey indicates average home prices will increase by 2.5% this year and 3% annually over the following two years, lower than earlier projections. Mortgage rates have risen in response to global economic uncertainty, impacting buyer sentiment and affordability. London is expected to see relatively subdued price growth compared to other regions. At the same time, rental values are projected to grow at a faster pace than property prices, driven by constrained supply and policy changes affecting landlords in the private rental market.Read more

20 Mar 2026

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the INR 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks across the country. The scheme, announced by Ashwini Vaishnaw, is expected to generate around 15 lakh direct jobs and will run from FY27 to 2031-32. It focuses on pre-built industrial ecosystems with core and value-added infrastructure, external connectivity support, and state-private partnerships. The initiative aims to strengthen manufacturing, attract investment, and improve ease of doing business.Read more

20 Mar 2026

The central government has identified 28 water aerodromes under the UDAN 3 scheme to expand seaplane operations and improve regional connectivity. The plan focuses on linking remote, coastal, and island locations where traditional airport infrastructure is difficult to build. Seaplane services, first introduced under UDAN 3, had seen slow progress earlier due to operational and cost challenges. With this renewed push, the government aims to strengthen tourism circuits and reduce travel time. The move builds on earlier efforts where select water aerodromes and routes were already taken up but faced execution hurdles.Read more

20 Mar 2026

India's container rail logistics sector is facing operational pressure due to the ongoing West Asia conflict, which has disrupted export cargo movement and global shipping routes. A sharp increase in idle rakes and empty train movements has been reported as shipments to affected regions slow down. Container train operators are dealing with inefficiencies, including reverse cargo movement under the back to town provision. The industry has approached the Ministry of Railways for relief. The situation reflects how global disruptions are directly affecting India's logistics and supply chain operations.Read more

20 Mar 2026

Sweden's financial regulator has imposed a penalty of SEK 50 million (USD 5.39 million) on pension fund Alecta over its investment in real estate company Heimstaden. The action follows concerns around the fund's investment decisions and risk management practices. The case comes at a time when several European real estate firms are facing financial pressure due to rising interest rates and valuation corrections. The development highlights increasing scrutiny on institutional investors, especially pension funds, in handling large-scale real estate exposures and ensuring accountability in investment strategies.Read more

Gurugram News Desk

20 Mar 2026

The Haryana Real Estate Regulatory Authority (HRERA) has ordered a Gurugram-based developer to pay compensation exceeding INR 21 lakh to a homebuyer for delay in handing over possession of a residential unit in Sector 37D. The order, issued in the past week, followed a complaint filed by a buyer who had booked the flat in 2008 with a promised possession timeline of 2012. Despite substantial payments, the unit was not delivered, leading to earlier refund proceedings. HRERA clarified that receipt of a refund does not preclude additional compensation claims. The awarded amount includes INR 18.9 lakh for loss of property value appreciation, INR 2 lakh for mental harassment, and INR 50,000 towards litigation costs, along with applicable interest until realisation.Read more

Chennai News Desk

20 Mar 2026

US-based banking major US Bancorp is in advanced discussions to lease over 650,000 sq ft of office space in Chennai to establish its first Global Capability Centre (GCC) in India. The proposed transaction, reported in the past week, is expected to be executed at Embassy Tech Splendid, a commercial campus owned by Embassy Office Parks REIT. The facility is likely to be developed under a build-operate-transfer model in partnership with Cognizant Technology Solutions, with estimated monthly rentals of INR 4.5-5 crore. The centre will support technology, analytics, and back-office functions, with hiring projected at 3,000-5,000 employees over the next few years. The move reflects continued demand from global financial institutions for large office spaces in India's key technology markets.Read more

Mumbai News Desk

20 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) continues its large-scale road concretisation project, replacing asphalt and paver surfaces with concrete across Mumbai's island city and suburbs. So far, over 1,330 km of roads have been completed under two phases of the initiative, which targets more than 2,050 km in total. As civic authorities prepare estimates for a proposed next phase costing around INR 2,500 crore, political leaders have raised concerns over coordination issues, unfinished work, and tender transparency. The project remains a key step in improving city roads and commuter safety.Read more

20 Mar 2026

A recent survey of housing analysts indicates that UK home price growth is expected to slow compared to earlier projections, as expectations of interest rate cuts weaken due to rising inflation risks linked to geopolitical tensions. Average prices are now forecast to increase moderately over the next few years, while mortgage rates have already risen. Demand remains relatively subdued, particularly in London, and rental growth is projected to outpace property price increases. Despite affordability challenges, a majority of respondents believe conditions for first-time buyers may gradually improve.Read more

20 Mar 2026

The government is working to strengthen India's aerospace manufacturing sector by promoting global collaborations and expanding domestic production capabilities. Civil Aviation Minister K Rammohan Naidu informed the Rajya Sabha that Indian firms are partnering with global players such as Embraer and Sukhoi to set up manufacturing and assembly facilities in the country. While India already has a base in component manufacturing, the focus is now on moving towards final assembly and higher-value production. These efforts aim to attract investment, improve the aviation ecosystem, and position India as a global aerospace manufacturing hub.Read more

20 Mar 2026

The Union government has approved the final location survey for doubling the Palakkad Pollachi Podanur railway line, a key link between Kerala and western Tamil Nadu. The project aims to reduce congestion, increase train frequency, and improve freight movement along the busy corridor. The current single track passes through forest areas, leading to wildlife risks and speed restrictions. The new alignment through Pollachi is expected to minimize these risks, and new stations at Kovilpalayam and Chettipalayam may be added. The survey paves the way for detailed planning and administrative approvals.Read more

20 Mar 2026

Elliott Investment Management has acquired a significant stake in Mitsui OSK Lines and is urging the company to improve shareholder returns and capital efficiency. The hedge fund believes the company is undervalued and is pushing for a review of its real estate portfolio, including a possible relisting of subsidiary Daibiru. Following the news, Mitsui OSK's shares rose around 12%. The move reflects increasing activist investor activity in Japan, where firms are under pressure to improve governance and capital use. The company is expected to announce its new management plan later this month.Read more

Visakhapatnam News Desk

20 Mar 2026

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has initiated the Vizag Bay City coastal project, aiming to transform a 40 sq km stretch between Kailasagiri and Bheemunipatnam into a vibrant mixed use waterfront destination. The plan focuses on coastal tourism, global business ecosystems, and premium residential development. It will feature scenic corridors, heritage restoration, Blue Flag beaches, water sports, adventure parks, innovation districts, and luxury residences. By FY2032, the project aims to attract about 1.5 million high-value visitors annually, supporting regional economic growth and positioning Visakhapatnam as a global coastal city.Read more

20 Mar 2026

The civil aviation ministry has directed airlines to ensure that at least 60 per cent of seats on domestic flights are available without additional charges, aiming to improve fairness and accessibility for passengers. The Directorate General of Civil Aviation (DGCA) has been instructed to implement these norms, along with requirements for airlines to seat passengers travelling under the same PNR together. The government has also asked airlines to introduce transparent policies for pets, sports equipment, and musical instruments, while strengthening communication of passenger rights across platforms and in regional languages.Read more

20 Mar 2026

SpiceJet has approached the Delhi High Court seeking permission to submit an immovable property as security instead of depositing INR 144 crore in its ongoing arbitration dispute with Kalanithi Maran and KAL Airways. The airline cited liquidity challenges due to operational disruptions, including reduced Gulf operations. However, the court rejected the proposal and granted a final four-week extension to deposit the amount. The case stems from a long-standing 2015 share transfer dispute, and continues to impact SpiceJet's financial position and legal obligations.Read more

Pune News Desk

20 Mar 2026

Godrej Consumer Products Ltd (GCPL) has introduced a new warehouse facility in Pune as part of its strategy to improve supply chain efficiency and distribution capabilities. The development, announced in the past week, is aimed at streamlining logistics operations across western India while reducing turnaround times and improving inventory management. The facility is expected to support the company's expanding product portfolio and growing demand across urban and semi-urban markets. Located in a key logistics hub, the warehouse is positioned to enhance last-mile connectivity and operational agility. The move aligns with broader industry trends of strengthening warehousing infrastructure to support faster delivery cycles and resilient supply chains.Read more

Hyderabad News Desk

20 Mar 2026

A fraud case has been registered against Bharathi Builders and its directors in Hyderabad following allegations of cheating investors through a pre-launch real estate scheme. The complaint, filed in the past week with the Central Crime Station (CCS), involves investments of around INR 87 lakh in a proposed gated community project in Bhanur, Sangareddy district. The accused allegedly promised investors returns including doubling of principal within a fixed period and allocation of residential units, but failed to deliver on commitments. Investigations revealed that the project did not progress and the underlying land had been transferred to other parties. The case adds to a series of regulatory and legal actions against the developer linked to unauthorised pre-launch sales and investor grievances in the Hyderabad market.Read more

20 Mar 2026

The Union government has extended localisation requirements for electric bus and truck manufacturers by six months under the PM E-Drive scheme, allowing continued import of traction motors until early September. The decision, taken in the past week by the Ministry of Heavy Industries, provides relief to manufacturers facing supply disruptions linked to rare earth magnet availability. The scheme, with an outlay of INR 10,900 crore, links incentives to phased domestic manufacturing of key EV components. The extension applies to traction motors used in heavy electric vehicles, which were earlier required to be locally produced within strict deadlines. The move aims to ensure continuity in production while giving industry additional time to meet indigenisation targets amid ongoing global supply challenges.Read more

20 Mar 2026

The redevelopment of Prayagraj Junction is progressing as a large-scale infrastructure and commercial project, with plans to lease over 2 lakh sq ft of built-up space for commercial use. The Rail Land Development Authority (RLDA) has invited bids to lease seven floors of a newly constructed nine-storey building under a 45-year revenue-sharing model. The INR 960 crore redevelopment aims to combine passenger infrastructure upgrades with long-term non-fare revenue generation. Proposed commercial uses include retail, hospitality, office spaces, and multiplexes. The project, underway for nearly three years and targeted for completion by the end of 2026, reflects Indian Railways approach of integrating real estate monetisation within transport infrastructure to support financial sustainability and urban economic activity.Read more

Mumbai News Desk

20 Mar 2026

Residents of the seven Bombay Improvement Trust (BIT) chawls near Sandhurst Road in Mumbai have called for redevelopment similar to the ongoing Bombay Development Directorate (BDD) projects. Though the Brihanmumbai Municipal Corporation (BMC) and Central Railway (CR) label these buildings as old and potentially unsafe, residents argue they remain structurally sound. They want funds earmarked for redevelopment to be used to upgrade their homes to 500 sq ft units like BDD chawls. The debate highlights safety concerns, questions about rehabilitation policy, and the need for better use of public funds for historic housing clusters.Read more

20 Mar 2026

Haryana's revenue and disaster management department has introduced Bhu Mitra, a WhatsApp chatbot providing 24/7 access to land and revenue services in Hindi and English. The tool allows citizens to request Jamabandi copies, Mutation records, compensation registrations, and deed registrations, as well as generate deed tokens, request land demarcation, lodge complaints, and track status in real time. Citizens can use it by saving a dedicated WhatsApp number. SMS updates for deed registration will also soon be available. The initiative aims to improve efficiency, transparency, and convenience, reducing physical visits and bureaucratic delays.Read more

19 Mar 2026

Preparations for a proposed Formula-4 (F4) street race in Nerul, Navi Mumbai, have drawn objections from environmental activists who claim that more than 70 trees may be cut or relocated to facilitate the event. The Navi Mumbai Municipal Corporation is expected to spend around INR 28 crore on hosting the race. Activists have raised concerns over the removal of trees from a road divider and the possible use of a nearby playground for event infrastructure. They have also warned about traffic disruptions and environmental impact, while civic authorities continue planning the event scheduled for later this year.Read more

19 Mar 2026

A Brazilian court has allowed the Federal District to move ahead with plans to raise capital for BRB through real estate transactions, reversing an earlier restriction. The decision enables the administration to use property sales, ownership transfers, or real estate-backed financial deals to support the bank. BRB is currently facing financial pressure due to losses linked to allegedly fraudulent credit portfolios acquired from Banco Master, which shut down amid liquidity issues. The ruling is expected to provide flexibility to the Federal District, which is the bank's controlling shareholder, in managing the situation.Read more

19 Mar 2026

Rail Vikas Nigam Limited (RVNL) has secured a contract worth INR 95.27 crore from NMDC Limited for railway track refurbishment and maintenance works in Chhattisgarh. The order, awarded in the past week, covers upgrading permanent railway infrastructure at mining-linked sidings in Kirandul and Bacheli. The scope includes refurbishment of tracks and ongoing maintenance of mobile equipment rail systems critical for mineral transport operations. The project is scheduled for completion within 36 months and forms part of RVNL's core railway infrastructure business. The contract reflects continued investment by NMDC in strengthening logistics infrastructure at its mining sites, supporting operational efficiency and bulk material movement through rail connectivity.Read more

19 Mar 2026

India's Grade A office market is set for steady growth in 2026, with demand projected at 70-75 million sq ft and new supply at 60-65 million sq ft. Growth is being driven by expanding Global Capability Centers, rising flex space adoption, increasing REIT participation, and a focus on sustainable, tech-enabled workplaces. Flex operators could account for up to 25% of leasing, while over 380 million sq ft of office stock has potential for future REIT inclusion. By 2030, total Grade A stock may exceed 1 billion sq ft.Read more