56 minutes ago

• BMC has installed four seismographic instruments at the construction site of a multimodal transit hub near Dahisar Toll Naka, following complaints from residents of the adjacent Madhuban Cooperative Housing Society of structural cracks caused by repeated blasting.
• The INR 1,500-crore project, being built on the site of the defunct Octroi Naka, involves regular explosions that residents and nearby shopkeepers describe as generating earthquake-like tremors across the neighbourhood.
• Residents approached local MLA Prakash Surve, who wrote to Municipal Commissioner Ashwini Bhide requesting a halt to excavation work, raising accountability concerns if buildings collapse.
• The seismograph readings will determine whether the ongoing blasting is directly responsible for the structural damage reported in surrounding buildings and commercial establishments.Read more

1 hour ago

Migsun Group has announced plans to invest approximately INR 250 crore in a new residential development in Rohini, New Delhi. The project will comprise nearly 500 premium serviced apartments and is aimed at catering to rising demand for professionally managed residences that combine residential comfort with hospitality-led services. The announcement reflects increasing developer interest in the premium serviced living segment amid evolving housing preferences in urban markets. Migsun Group, which has a portfolio spanning 20 million sq ft across completed and ongoing developments, said the project will focus on delivering managed residential accommodation in the national capital's residential market.Read more

2 hours ago

Mumbai-based building services engineering consultancy Clancy Global has completed 20 years of operations, marking two decades of growth from a UK outsourcing MEP consultancy practice into a multidisciplinary engineering firm. The company has delivered engineering solutions for more than 800 projects across over 60 cities in India and overseas markets. Its portfolio spans commercial, residential, healthcare, hospitality, industrial, institutional and data centre developments. Over the years, Clancy Global has worked on projects including Prozone Mall in Aurangabad, Silver Springs township in Indore, Hiranandani Rodas Enclave in Thane and Tata Cancer Care Hospital in Varanasi. The firm said it will continue investing in digital engineering technologies, sustainability-focused design and integrated building solutions as the built environment sector adopts increasingly technology-driven approaches.Read more

Bangalore News Desk

3 hours ago

AFC Furniture Solutions has announced plans to expand its operations across Karnataka as growing demand from Global Capability Centres (GCCs), technology companies and commercial real estate developments continues to reshape workplace requirements in the state. The company is targeting 30% revenue growth in FY 2026-27, with Karnataka expected to play a central role in its expansion strategy. The move comes as Bengaluru remains India’s largest office market, supported by strong absorption of Grade-A office space and increasing occupier demand from technology, fintech and AI-driven firms. AFC plans to strengthen its presence through enhanced project execution capabilities, expanded design consultancy services and deeper partnerships with developers and corporate occupiers across Bengaluru and other emerging business centres.Read more

4 hours ago

Industry stakeholders have welcomed the Reserve Bank of India's decision to keep policy rates unchanged and maintain its neutral monetary policy stance, saying the move provides stability at a time of heightened geopolitical tensions, volatile commodity markets and global economic uncertainty. Real estate investors and developers believe a predictable interest rate environment will support buyer confidence, capital deployment and project execution. Market participants also expect growing investor interest in alternative investment vehicles such as real estate-focused AIFs as traditional asset classes remain exposed to global market fluctuations. The sector continues to face challenges from rising construction costs and cautious sentiment, but industry leaders maintain that stable monetary conditions will help sustain long-term growth and investment activity.Read more

5 hours ago

The Centre has announced plans to roll out between 50 and 100 ethanol fuel dispensing stations across Delhi-NCR, Mumbai, Pune and Nagpur as part of efforts to reduce dependence on imported fossil fuels. Petroleum and Natural Gas Minister Hardeep Singh Puri said the network is expected to expand to 500 stations by the end of 2026 and further to 5,000 outlets by the end of 2027. The announcement coincided with the launch of India’s first flex-fuel car by Maruti Suzuki. The government is also moving to widen the use of higher ethanol blends and alternative fuels through proposed amendments to vehicle emission norms. Officials said increased adoption of flex-fuel vehicles could generate substantial additional ethanol demand and boost farmer incomes while lowering crude oil imports and carbon emissions.Read more

6 hours ago

Ares Real Estate Income Trust has entered into a USD 100 million subscription agreement with Perigee SPV, according to a recent filing with the US Securities and Exchange Commission (SEC). The transaction is expected to provide additional capital to the real estate investment trust and further strengthen its funding base. The latest agreement comes as the company continues to pursue capital-raising initiatives through private placements and strategic investment structures. The filing did not disclose detailed financial terms beyond the subscription amount, but the move highlights the REIT’s ongoing efforts to secure long-term capital for its investment and growth plans.Read more

7 hours ago

Dubai-based real estate developer and investor Sweid & Sweid has signed The Executive Centre (TEC) to operate more than 53,000 sq ft of premium flexible workspace at Sweid One, its Grade A commercial development in Jumeirah Lakes Towers (JLT) within the DMCC free zone. The agreement marks TEC’s entry into DMCC and expands its presence across key commercial hubs in the UAE. TEC will occupy two full floors at the development, offering serviced offices, meeting facilities, collaborative workspaces and event areas. Sweid One spans approximately 1 million sq ft of built-up area, including around 500,000 sq ft of Grade A office space. The partnership reflects growing demand from businesses seeking flexible, high-quality work environments within established commercial districts.Read more

7 hours ago

• The National Highways Authority of India (NHAI) has commenced a detailed survey for the proposed widening of the Trichy–Karur highway in Tamil Nadu.
• The exercise will assess land requirements, traffic conditions and engineering feasibility for upgrading the corridor to improve connectivity and traffic movement.
• The highway serves as a key link between Tiruchirappalli, Karur and western Tamil Nadu, with growing vehicle volumes prompting plans for capacity enhancement.Read more

8 hours ago

Pune is strengthening its position as one of India’s most attractive real estate investment markets in 2026, driven by robust employment growth, expanding infrastructure and sustained housing demand. The city continues to benefit from the growth of major IT hubs, metro connectivity projects, the proposed Ring Road and improving transport infrastructure. Compared with Mumbai and Bengaluru, Pune offers relatively affordable property prices while maintaining strong prospects for capital appreciation and rental income. Key micro-markets including Hinjewadi, Baner, Wakad, Kharadi, Tathawade and Mahalunge are witnessing significant residential and commercial development. Supported by demand from professionals, families, students and NRIs, Pune’s residential market is increasingly attracting investors seeking a balance between affordability, lifestyle amenities and long-term growth potential.Read more

8 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has initiated discussions with environmental organisations, researchers and industry stakeholders to position the city as a recycling hub through a series of circular economy and waste management initiatives. At a special meeting chaired by Municipal Commissioner Dr Kailas Shinde, proposals ranging from plaster of Paris (POP) idol recycling and decentralised waste management to textile recycling, biomass briquettes and biodegradable alternatives to single-use plastics were reviewed. The civic body is also considering a recycling project proposed by the Institute of Chemical Technology (ICT), Mumbai. The discussions come as NMMC prepares for the implementation of Solid Waste Management Rules, 2026, while seeking sustainable solutions for festival idol immersion, urban biodiversity conservation and citizen participation in environmental governance.Read more

9 hours ago

The Gurugram administration has made fire safety audits mandatory for offices, malls, hotels, hospitals, schools and other commercial establishments across the district following growing concerns over fire preparedness in public buildings. Property owners and occupiers have been directed to undertake comprehensive safety inspections and address deficiencies in firefighting systems, emergency exits and evacuation protocols. The move comes amid heightened scrutiny of fire safety compliance in urban centres and is aimed at strengthening preparedness, reducing risks and improving public safety across high-footfall commercial and institutional properties.Read more

9 hours ago

Marseilia Egyptian Gulf Real Estate Investment reported a consolidated net profit attributable to shareholders of EGP 54.2 million for the first quarter of the year. The company also recorded consolidated revenue of EGP 550.2 million during the quarter. The latest financial results indicate continued business activity and revenue generation despite ongoing challenges in Egypt’s real estate sector, including inflationary pressures and higher construction costs. The performance provides an early indication of the company's operational momentum for the current financial year as developers continue to focus on project execution and sales.Read more

Noida News Desk

10 hours ago

NorthWind Estates has secured a 5-acre land parcel in Sector 22D along the Yamuna Expressway after emerging successful in a Yamuna Expressway Industrial Development Authority (YEIDA) auction with a bid of INR 189 crore. The acquisition strengthens the developer’s presence in a region witnessing heightened real estate activity due to the upcoming Noida International Airport and associated infrastructure projects. Located within the airport influence zone, Sector 22D has emerged as a key destination for residential and urban development. The transaction comes as YEIDA records renewed interest in group housing projects, with established developers increasingly participating in land auctions to capitalise on the long-term growth prospects of the Yamuna Expressway corridor.Read more

10 hours ago

• The Association of Global NICMARians (AGNI) hosted ASPIRE 2026 in Mumbai, bringing together professionals from the construction, infrastructure, real estate and project management sectors.
• The symposium focused on the theme “Innovation to Transformation”, highlighting technology adoption, artificial intelligence, sustainability and data-driven decision-making.
• AGNI announced plans to launch an Industry Benchmarking Programme and a digital ecosystem featuring multiple industry-focused tools.
• The event also marked the launch of the first AGNI Excellence Awards, which attracted 34 nominations and shortlisted 12 startups.
• AGNI and the Construction Industry Development Council (CIDC) agreed to collaborate on industry development, skill enhancement and innovation adoption initiatives.Read more

11 hours ago

The Delhi Development Authority (DDA) has launched a Single Window Clearance System for its Online Building Plan Approval System (OBPAS), developed and implemented by SoftTech Engineers Limited. The digital platform is designed to streamline the building permit approval process by integrating application submission, compliance scrutiny, approvals, inspections and no-objection certificate (NOC) coordination within a unified system. The platform incorporates AI-powered CAD scrutiny, real-time tracking, geo-tagged site inspections, online fee payments and digital certificate issuance. The initiative aims to improve transparency, reduce processing timelines and minimise manual intervention in building approvals, supporting DDA’s broader objective of delivering efficient and technology-driven urban governance in the national capital.Read more

11 hours ago

• Bihar has announced plans to develop 11 mega industrial parks and create a 50,000-acre land bank to support future industrial and manufacturing projects across the state.
• The government will also establish food parks in all 38 districts to boost agro-processing, local industries and employment opportunities.
• The initiative aims to improve land availability for investors, strengthen industrial infrastructure and enhance Bihar’s ease of doing business ecosystem.
• Officials have been directed to simplify approvals, promote entrepreneurship and accelerate growth in sectors such as food processing, textiles, pharmaceuticals and MSMEs.
• The move forms part of Bihar’s broader strategy to attract private investment, expand industrial activity and generate long-term employment.Read more

12 hours ago

• PDS has been certified as a Great Place to Work across 10 countries, including India, Hong Kong, Germany, China, Bangladesh, Vietnam, the UK, Turkiye, Sri Lanka and Pakistan.
• The certification was based on direct employee feedback, with nearly 90% participation across surveyed locations.
• The company said the recognition reflects its focus on fostering trust, inclusion, collaboration and employee empowerment.
• PDS continues to invest in leadership development, employee engagement, wellbeing initiatives and recognition programmes across its global operations.
• The certification is awarded through a research-based assessment of workplace culture, employee trust, pride and camaraderie.Read more

12 hours ago

The Delhi Development Authority (DDA) has extended the booking deadline for flats under its Towering Heights Housing Scheme in Karkardooma, East Delhi, until June 30, offering additional time to both individual homebuyers and government agencies interested in bulk purchases. The extension follows earlier revisions to the booking schedule and comes as DDA continues to market one of the capital’s most prominent residential developments. Developed under the supervision of NBCC, the project comprises a 48-storey residential tower rising 155 metres, making it Delhi’s tallest residential building. The scheme is also the first housing project to be developed under the city’s Transit Oriented Development (TOD) policy, aimed at promoting high-density housing around public transport infrastructure.Read more

Kolkata News Desk

13 hours ago

• SOTC Travel has expanded its retail network in West Bengal with the launch of a new outlet on B.T Road in Kolkata.
• The new branch marks the company’s ninth store in Kolkata and forms part of its strategy to strengthen its presence across key metropolitan and tier-I and tier-II markets.
• The location is expected to cater to families, professionals, entrepreneurs and younger travellers seeking domestic and international holiday packages.
• The company reported continued demand for spiritual tourism, luxury cruises, expedition travel and adventure-focused experiences.
• SOTC is also promoting travel protection solutions, including its TravSure initiative and visa rejection cover, to enhance customer confidence.Read more

14 hours ago

The Centre’s PM Surya Ghar Muft Bijli Yojana has crossed 41 lakh beneficiary households, with the government aiming to reach 75 lakh rooftop solar-powered homes by the end of 2026. Union New and Renewable Energy Minister Pralhad Joshi said more than 65 lakh applications are currently under process, reflecting strong adoption of residential solar energy across the country. Launched in February 2024 with an outlay of INR 75,021 crore, the scheme provides subsidies for rooftop solar installations and offers households up to 300 units of free electricity each month. The programme has also recorded substantial growth in rooftop solar deployment on government buildings, with over 53,000 structures already solarised and 855 MW of cumulative installed capacity achieved.Read more

15 hours ago

Australia’s House of Representatives has passed a landmark tax reform bill that proposes significant changes to property investment taxation and capital gains treatment, while also introducing new tax relief measures for workers. The legislation is aimed at improving housing affordability by limiting tax concessions for property investors and encouraging investment in new housing supply. The reforms, which form a key part of the federal government's recent budget agenda, will now move to the Senate for approval. The package also includes additional tax offsets and deductions for individual taxpayers alongside previously announced tax cuts.Read more

16 hours ago

Lucknow district administration has significantly revised circle rates across several villages located along emerging expressway and infrastructure corridors, with some areas witnessing increases of up to 100%. The revisions cover villages situated near the Purvanchal Expressway, Kisan Path, IT City expansion zone and other rapidly urbanising pockets. Officials said the move reflects changing land values driven by infrastructure investments, industrial development proposals and rising real estate activity. The revised rates are expected to influence land transactions, stamp duty collections and future development planning across the district.Read more

17 hours ago

Egypt is in the final stages of launching a USD 500 million equivalent Samurai bond in Japan, marking its first yen-denominated bond issuance in three years. The planned fundraising comes as the country continues efforts to diversify financing sources and strengthen fiscal stability. The African Development Bank had earlier agreed to provide a partial guarantee for the bond issuance, supporting investor confidence. While Egypt's economy has received support from major real estate investments and an IMF loan programme, rising energy costs and inflation linked to the Iran conflict continue to put pressure on the country's finances.Read more

18 hours ago

Pan IIT Alumni India has soft-launched “Pan IIT AI Niti (Pariniti)”, a dedicated artificial intelligence policy think tank aimed at contributing to India’s AI governance, infrastructure and innovation ecosystem. Announced during a gathering at Bombay Gymkhana in Mumbai, the initiative will focus on multiple layers of the AI value chain, including semiconductors, cloud infrastructure, data centres, energy systems, algorithms and AI governance. The think tank will operate through specialised verticals involving IIT alumni, industry executives, policymakers, venture capital professionals and researchers. Praxis Global Alliance has been appointed as the knowledge and think tank partner for the initiative. The platform is expected to generate policy recommendations, research papers and industry inputs for government and institutional stakeholders.Read more

Pune News Desk

19 hours ago

• Ceratec Group has announced plans for an on-demand built-to-suit commercial development with a potential built-up area of around 10 lakh sq ft in Wakad, Pune.
• The project, located adjacent to EON West, is expected to generate approximately INR 1,000 crore in revenue.
• The development will target occupiers including Global Capability Centres (GCCs), IT and ITES firms, corporate headquarters, educational institutions, healthcare providers and hospitality operators.
• The company is seeking partnerships with channel partners, international property consultants and leasing associates for tenant acquisition.
• The announcement comes amid rising demand for Grade A office spaces driven by multinational corporations, GCC expansion and technology-led businesses.Read more

20 hours ago

• Chandigarh administration has moved a proposal that may grant ownership rights to nearly 35,000 rehabilitation colony residents
• The colonies were originally allotted under lease or licence-based rehabilitation schemes for economically weaker sections
• A draft policy has been prepared and sent for approval at the central level for further clearance
• A fresh committee has been formed to review legal, financial and procedural aspects and study similar models in other cities
• The move comes after earlier committees failed to resolve long-standing ownership and title issuesRead more

21 hours ago

Agro Chem Federation of India organised an awareness and interaction programme in Chandigarh focused on sustainable agricultural practices, responsible agrochemical usage and stronger collaboration between industry stakeholders and agri-input distribution networks. The event, themed “Strengthening Dealer Industry Partnership for Sustainable Agriculture”, brought together agri dealers, distributors, retailers, advisors and industry professionals from Punjab and Haryana. Discussions centred on scientific pesticide usage, counterfeit product prevention, stewardship initiatives, environmental safety and farmer education amid evolving regulatory requirements. Industry representatives stated that agri dealers continue to play a critical role in influencing farming practices at the grassroots level, particularly in improving awareness regarding safe and judicious use of agricultural inputs across farming communities.Read more

22 hours ago

• Navi Mumbai Municipal Corporation (NMMC) has intensified water quality testing across Belapur and Nerul after residents reported discoloured and turbid water following a two-day water supply shutdown.
• Mayor Sujata Patil and Deputy Mayor Dashrath Bhagat reviewed water sample testing conducted across residential sectors, villages and slum settlements.
• Laboratory tests indicate that water supplied across the city meets international potable water standards despite temporary turbidity caused by sediment movement in pipelines.
• NMMC has directed officials to inspect potential pipeline leakages and undertake washout operations in affected areas.
• The civic body has urged housing societies to clean underground and overhead water tanks and use water judiciously amid limited reservoir reserves before the monsoon.Read more

05 Jun 2026

• Uttar Pradesh government has acquired nearly 100 hectares of land in Niwari, Modinagar, Ghaziabad.
• The land will be developed into a planned industrial hub under UPSIDA.
• The move is part of the state’s broader strategy to expand industrial infrastructure and manufacturing capacity.
• The project is expected to support logistics, manufacturing units, and industrial investment in the region.
• Ghaziabad’s proximity to Delhi-NCR makes it a key location for future industrial development and investor interest.Read more

05 Jun 2026

Prime Minister Shri Narendra Modi on 5 June 2026 inaugurated, dedicated, and laid the foundation stones for projects worth approximately INR 22,655 crore across Gujarat, Daman, and Lakshadweep, spanning roads, power, healthcare, civil aviation, tourism, and maritime connectivity. In Surat, INR 18,800 crore of projects were unveiled, including Vadodara–Mumbai Expressway packages and a 220-bed ESIC hospital. In Daman, INR 2,970 crore of projects were initiated, anchored by the NAMO Airport terminal, NAMO Hospital, Iconic Bridge, and a NIFT campus. Foundation stones for INR 885 crore of port infrastructure were laid for Lakshadweep.Read more

05 Jun 2026

Prism, the parent company of travel technology firm Oyo, has received approval from the Securities and Exchange Board of India (Sebi) to launch its proposed initial public offering (IPO) worth INR 6,650 crore. The company had submitted its draft papers through the confidential filing route late last year and is now preparing to move to the next stage of the listing process. The IPO is expected to value the company between USD 7 billion and USD 8 billion. Prism is also assessing market conditions before finalising its public filing and broader listing timeline.Read more

05 Jun 2026

• Madhya Pradesh cabinet has approved a SVAMITVA-linked initiative to issue legal land title deeds to rural landholders.
• The scheme will convert drone-surveyed SVAMITVA land records into officially registered ownership documents.
• Beneficiaries will be able to use land as collateral to access bank loans for housing, business, and agriculture.
• The state government will fully bear stamp duty and registration charges for the process.
• A dedicated committee will oversee implementation, monitoring, and inter-department coordination.Read more

05 Jun 2026

The Maharashtra government and Prasar Bharati have signed an MoU to jointly develop a 150-acre media and entertainment hub on Prasar Bharati-owned land in Malad, Mumbai. The project aims to create an integrated ecosystem for film, television, digital media and related industries. Planned in phases, the development will involve detailed land-use planning, infrastructure creation and statutory approvals. The initiative is intended to support Mumbai’s media and entertainment sector while strengthening infrastructure for content creation and allied activities.Read more

05 Jun 2026

Home sales across the Greater Toronto Area (GTA) recorded their strongest monthly increase in 10 months during the past month, supported by improving housing affordability and lower borrowing costs. Seasonally adjusted sales rose 10% from the previous month, marking the third consecutive monthly gain. However, home prices continued to face pressure, with the home price index slipping marginally. On an annual basis, sales increased while new listings declined sharply, indicating changing market dynamics. Industry experts expect market activity to strengthen further in the second half of the year, subject to economic and geopolitical developments.Read more

05 Jun 2026

• Mumbai Monorail has received final safety clearance from the Commissioner of Metro Rail Safety (CMRS) following upgrades to its signalling, communication and operational systems.
• The approval enables the MMRDA to fully implement the modernised infrastructure across the 19.54-km Chembur–Jacob Circle corridor.
• The upgrade programme was undertaken to improve safety, reliability and operational efficiency on the network.
• The clearance marks the completion of a major modernisation initiative for India’s first monorail system.Read more

05 Jun 2026

France has awarded its prestigious “Palace” distinction to six additional luxury hotels, expanding the country’s highest tier of hospitality recognition to 33 properties. The newly recognised establishments include three hotels in Paris alongside properties in Megève, Cannes and the Champagne region. Introduced in 2010, the designation is reserved for exceptional five-star hotels that meet stringent standards relating to service, location, heritage and guest experience. The recognition is widely regarded as one of the most sought-after accolades in global luxury hospitality.Read more

05 Jun 2026

Haryana has emerged as the top-performing state in the country in terms of growth in state GST collections for May, registering a 22 per cent year-on-year increase, significantly higher than the national average of 6 per cent. The state reported net SGST collections of INR 4,456 crore, marking an increase of INR 807 crore compared to the same period last year. Haryana has also maintained strong performance in cumulative GST growth during the first two months of FY 2026–27, recording a 40 per cent rise over the corresponding period last year, supported by steady economic activity and tax administration efficiency.Read more

05 Jun 2026

Growing investment requirements for AI-led data centre development are expected to increase the role of private infrastructure and real estate capital in the coming years, according to Goldman Sachs. The brokerage has raised its capital expenditure forecast for the world’s four largest hyperscale technology companies to USD 5.3 trillion between FY2025 and FY2030. As funding needs rise, companies are expected to access a wider range of public, securitised and private financing channels. Goldman also anticipates stronger growth in private infrastructure assets, supported by increasing demand for data centres, power networks and related digital infrastructure.Read more

05 Jun 2026

The Delhi government has announced a crackdown on buildings operating without mandatory fire safety clearances following the fatal fire at a hotel in Malviya Nagar that claimed 21 lives. Authorities have directed civic agencies to identify and seal properties lacking fire safety No Objection Certificates (NOCs) and other statutory approvals. The action comes amid growing scrutiny of safety violations after investigations revealed multiple lapses at the affected property, including the absence of fire clearance and unauthorised construction. The enforcement drive will cover hotels, commercial establishments and other high-risk buildings across the capital as authorities seek to strengthen compliance with fire safety regulations and prevent similar incidents.Read more

05 Jun 2026

• Heavy pre-monsoon showers led to temporary flooding at the Andheri Subway, forcing authorities to suspend traffic movement for a brief period.
• The incident has renewed attention on one of Mumbai’s most flood-prone transport corridors despite ongoing drainage and pumping infrastructure upgrades.
• Civic authorities maintain that flood-mitigation measures have improved response times, but recurring waterlogging continues to challenge mobility during intense rainfall events.Read more

05 Jun 2026

Godrej Capital is aiming to increase its assets under management (AUM) by over 30% to INR 38,000 crore during the current financial year, while setting a longer-term target of INR 1 lakh crore over the next five years. Alongside expanding its lending business, the company has entered the wealth management segment through the launch of Godrej Wealth. The firm plans to strengthen its presence across India, introduce new lending products, and deepen its affordable housing finance portfolio. The company also intends to explore a public listing after achieving greater scale and demonstrating consistent business performance.Read more

05 Jun 2026

MHADA will begin handing over 500 redeveloped homes to eligible residents of the Naigaon BDD Chawl project in Mumbai from 6 June. The allotments are part of the Maharashtra government’s redevelopment of the century-old BDD chawls at Naigaon, Worli and N M Joshi Marg. The new apartments replace ageing tenements with larger homes and improved amenities. The handover marks a key milestone in the rehabilitation of thousands of residents under one of Mumbai’s largest public housing redevelopment programmes.Read more

05 Jun 2026

Kotak Alternate Asset Managers (Kotak Alts) has completed the final close of its 14th real estate fund at nearly USD 1 billion, attracting commitments from a subsidiary of the Abu Dhabi Investment Authority (ADIA), South Korea's National Pension Service (NPS Korea) and other institutional investors. The fund will focus on providing structured financing across residential, commercial and mixed-use real estate projects in India. The milestone underscores sustained global investor confidence in the country's property sector and marks NPS Korea's first investment in India's alternative assets market.Read more

05 Jun 2026

Spanish real estate company Merlin Properties plans to moderate the growing share of revenue generated by its data centre business to avoid overdependence on a single asset class. The company is progressing with a major investment programme across Spain and Portugal, supported by rising demand for AI infrastructure. While data centres are expected to become a significant contributor to rental income over the next several years, Merlin intends to maintain a diversified portfolio across offices, retail and logistics assets. The company also sees Portugal emerging as a key market for future expansion due to supportive policies for data centre development.Read more

05 Jun 2026

• MCD intensified action against unauthorised construction across Delhi during 2025.
• Around 4,766 illegal or non-compliant constructions were officially booked by the civic body.
• Authorities issued nearly 3,989 demolition orders under the Delhi Municipal Corporation Act.
• Enforcement actions were carried out on 3,294 properties, including demolitions and sealing drives.
• The drive reflects tighter monitoring of building violations amid rising concerns over structural safety in urban areas.Read more

05 Jun 2026

A church in Bandra has clarified that its Bandstand-facing property is not for sale after a fake online listing claiming a valuation of around INR 900 crore circulated widely on digital platforms. The listing sparked speculation in Mumbai’s premium coastal real estate market, known for high-value luxury residences and celebrity homes. The institution has categorically denied any intent to sell the land and confirmed that no such transaction has been authorised, calling the listing misleading and unauthorised. The incident has also raised concerns over the growing circulation of unverified property listings on online real estate platformsRead more

05 Jun 2026

• Rajasthan has amended provisions under its building regulations to align construction approvals with updated fire safety directives issued by the state government.
• The changes mandate greater adherence to relevant Indian Standard (IS) codes covering fire protection, structural safety, water services, sanitation, lightning protection and earthquake-resistant construction.
• Developers, architects and structural engineers will now be required to provide enhanced compliance certifications and undertakings during approval and occupancy processes.Read more

05 Jun 2026

Tijara & Real Estate Investment Co KSCP has signed an addendum to its existing credit limit agreement, strengthening its financing arrangements with a focus on both debt management and business expansion. The revised facility will be used to restructure existing debt worth 4.1 million Kuwaiti dinars while also providing funding for the company’s real estate activities. The move reflects the company’s efforts to improve its financial position, optimize borrowing costs and secure additional liquidity for ongoing and future property-related operations in Kuwait’s real estate market.Read more

05 Jun 2026

• The Cabinet Committee on Economic Affairs approved three separate national highway upgradation and construction projects on 3 June 2026, with a combined capital outlay of INR 19,834 crore across Bihar, Telangana, and Odisha.
• The projects cover a total of 494.47 km, spanning the Khagaria–Purnea corridor on NH-31 and NH-231, the Armoor–Mancherial and Jagtial–Karimnagar stretches on NH-63 and NH-563, and the Rameshwar–Paradeep coastal highway.
• All three corridors will be built to 4-lane standards, with design speeds of 100 km per hour, and are expected to collectively reduce travel times, lower vehicle operating costs, and strengthen logistics connectivity across the three states.Read more