14 minutes ago

Larsen & Toubro has reported that more than 95 per cent of its project sites in West Asia continue to operate normally despite escalating geopolitical tensions linked to the ongoing regional conflict. The company, which has a significant exposure to markets such as Saudi Arabia, the UAE and Qatar, indicated that only a small proportion of projects near sensitive zones have been temporarily paused. While operations remain largely stable, the company has flagged emerging risks including supply chain disruptions and rising insurance costs. West Asia continues to account for a substantial share of L&T's international order book, underlining the region's importance to its overall business operations.Read more

44 minutes ago

Simon Property Group reported the passing of its chairman and chief executive officer David Simon after his battle with cancer at the age of 64. He had been leading the company since 1995, during which the company's shares increased significantly over time. Following this development, the company appointed Chief Operating Officer Eli Simon as the new CEO and president, while board member Larry Glasscock was named non-executive chairman. The transition comes as the firm continues to focus on strong rental performance and operational stability across its retail portfolio.Read more

Mumbai News Desk

1 hour ago

Residents and activists in Mumbai have raised concerns over inadequate street lighting at Mahim Beach, especially around the Reti Bunder stretch. Several streetlights in the area are reported to be non-functional, leaving large sections poorly illuminated during evening and night hours. This has led to repeated appeals to civic authorities, including the Brihanmumbai Municipal Corporation, to carry out repairs and improve lighting. The issue highlights gaps in basic urban maintenance that directly affect public safety in frequently visited public spaces.Read more

2 hours ago

Revenue authorities in Nashik have issued revision notices to 439 individuals linked to 49 land transactions, invoking Section 257 of the Maharashtra Land Revenue Code, 1966, over alleged manipulation of land records. The action relates to claims that developers used fabricated subdivision maps to fragment land parcels below 4,000 sqm, thereby avoiding the mandatory 20 per cent reservation for economically weaker section (EWS) and low-income group (LIG) housing. The transactions span multiple localities including Adgaon, Deolali and Mhasrul. Authorities estimate that such practices may have resulted in the loss of nearly 6,500 affordable housing units. Hearings have been scheduled, with officials warning of further action, including removal of names from land records, in cases of non-compliance.Read more

3 hours ago

The Pimpri Chinchwad Municipal Corporation (PCMC) has received a notice from the Maharashtra irrigation department demanding payment of INR 143 crore towards pending water charges and penalties linked to alleged excess consumption and inadequate sewage treatment. The department has warned of possible suspension of water supply if dues remain unpaid. Civic officials have contested the demand, stating that the charges include disputed components such as industrial tariffs and penalties. The dispute comes at a time when the city already faces supply constraints, receiving water from Pavana and Andra dams while operating on alternate-day distribution. The issue highlights ongoing tensions between urban local bodies and state agencies over water allocation, billing practices and environmental compliance.Read more

4 hours ago

The Telangana High Court has stayed the Greater Hyderabad Municipal Corporation's attempt to acquire multiple private properties in the Jubilee Hills area for a road development project. The proposed acquisition was linked to improving connectivity between Road No. 45 T-Junction and Durgam Cheruvu. Property owners challenged the process, stating that their objections were not properly considered and that statutory procedures were not followed. The court observed procedural gaps in notifications and compliance requirements, leading to an interim halt. The matter is set for further hearing, while the stay provides temporary relief to affected owners.Read more

25 Mar 2026

The Telangana government has introduced revised building rules aimed at improving real estate development by simplifying construction norms and approval processes. The changes provide greater flexibility in areas such as building height, setbacks, and the use of Transferable Development Rights (TDR). These revisions are intended to help developers make better use of land, particularly in urban locations, and reduce procedural delays. By aligning regulations with current development needs, the state is seeking to encourage more efficient project execution while maintaining basic planning and compliance standards across key urban centres.Read more

25 Mar 2026

Arbor Realty Trust Inc completed a collateralized loan obligation (CLO) securitization valued at USD 762.6 million, marking a significant financing transaction for the company's lending platform. The deal involves packaging a pool of loans into securities that are sold to investors, enabling liquidity and capital recycling. This move reflects the company's continued activity in structured finance markets and its focus on managing loan portfolios efficiently. The securitization strengthens its ability to support future lending operations while maintaining balance sheet flexibility amid evolving credit market conditions.Read more

25 Mar 2026

The 20.5-km four-lane ring road in Rudrapur, Uttarakhand, is nearing completion, with authorities planning a trial run shortly after March 20. The project, estimated at around INR 1,100 crore, has reached approximately 95 per cent completion after nearly four years of construction under the National Highways Authority of India (NHAI). Designed to bypass the city, the corridor will connect National Highway-74 and NH-87 while passing through 12 villages and extending into neighbouring Uttar Pradesh. The road is expected to ease congestion within the industrial city, particularly by enabling heavy vehicles bound for the SIDCUL industrial area to avoid urban routes and reduce waiting times.Read more

Mumbai News Desk

25 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has asked Mumbai Metropolitan Region Development Authority (MMRDA) and Maharashtra Housing and Area Development Authority (MHADA) to clear property tax dues of over INR 2,287 crore. A large portion of the dues comes from MMRDA's infrastructure assets, while MHADA's pending amount is linked to residential properties. The move comes as BMC strengthens collections before the financial year-end. With property tax now its main revenue source after octroi was removed, recovering such large dues has become important for maintaining civic finances.Read more

Pune News Desk

25 Mar 2026

The Pune Municipal Corporation (PMC) is set to initiate legal proceedings against property owners after recording over 4,200 cheque bounce cases related to property tax payments in the current financial year. While around 3,600 defaulters have cleared their dues following repeated notices, action is being prepared against the remaining cases under provisions of the Negotiable Instruments Act. The move comes as the civic body intensifies tax recovery efforts ahead of the financial year-end, having already collected approximately INR 2,882 crore. The development highlights compliance challenges in municipal tax collection, a key revenue source for urban infrastructure and service delivery.Read more

25 Mar 2026

Delhi's economic survey for 2025-26 indicates steady growth, with per capita income expected to reach around INR 5,31,610, marking a rise of nearly 8 per cent. The report highlights strong infrastructure, welfare spending, and a services-led economy as key drivers. While the government continues to maintain a revenue surplus, higher capital expenditure has led to an increase in fiscal deficit. Tax collections are projected to grow significantly, supported largely by GST and VAT. Overall, the data reflects a stable financial position with increased public spending aimed at long-term development.Read more

25 Mar 2026

Prime office markets across Europe are witnessing a supply shortage as new construction has declined to its lowest level in nearly a decade, even as demand and rents continue to rise. According to research by Cushman & Wakefield, space under construction stood at 10.1 million sq ft at the end of last year, the lowest since 2016. The shortage is being driven by high construction and financing costs, while occupier demand has strengthened with return-to-office trends. Prime office rents have recorded sustained growth, with limited availability forcing many occupiers to retain existing space. Geopolitical tensions and energy price volatility are expected to add further uncertainty to the sector's outlook.Read more

25 Mar 2026

The Chandigarh Housing Board has approved an increase of up to 7 per cent in restoration charges for properties resumed due to non-payment of dues or building violations. The revised structure is expected to raise charges by approximately INR 1 lakh to INR 3 lakh, depending on property category and floor, with fees now linked to prevailing collector rates. The move affects a significant number of allottees, many of whom have already received notices for unauthorised construction or structural deviations. To regain possession, property holders will be required to clear outstanding dues separately in addition to paying the enhanced restoration charges. The administration is also pursuing a parallel proposal to regularise General Power of Attorney-based property transfers to address revenue losses and improve compliance.Read more

25 Mar 2026

The Thane Municipal Corporation has presented its INR 6,221.12 crore budget for the 2026-27 financial year, focusing on infrastructure, healthcare, education, and basic civic services while keeping municipal taxes unchanged. Revenue income is estimated at INR 4,078 crore, with the gap to be managed through internal earnings, grants, and borrowings. Key allocations include waste management, water supply, and ward-level facilities. The administration has also highlighted financial discipline, improved transparency, and sustainable development, while targeting completion of major ongoing civic projects by the end of 2026.Read more

25 Mar 2026

Airline ticket prices have risen by up to 10% following the Government of India's decision to remove earlier fare caps that had been regulating pricing limits. With this shift, airlines now have greater flexibility to set fares based on demand and operational factors. Authorities have advised carriers to maintain reasonable and transparent pricing practices to protect passenger interests. The move is aimed at encouraging a market-driven pricing system while ensuring that fare structures remain clear and justified, as the government continues to monitor pricing trends across routes.Read more

Mumbai News Desk

25 Mar 2026

Demolition of several shops at LT Market by the Brihanmumbai Municipal Corporation has led to protests from vendors, who allege that the action was linked to a redevelopment proposal supported by a private builder. Traders said they were not given clear communication, consent options, or rehabilitation details before the drive. Civic officials have stated that the structures were unauthorised and part of routine action. The incident has raised concerns about transparency in redevelopment processes and the protection of long-standing small businesses in Mumbai's traditional market areas.Read more

25 Mar 2026

Dredging Corporation of India (DCIL) is planning to scale up its operations and target a revenue of around INR 3,000 crore over the next five to six years. The company is expanding beyond its core port dredging business into new segments such as dams, reservoirs, and inland waterways. With a current topline of about INR 1,148 crore, DCIL is focusing on more tenders, partnerships, and large infrastructure projects. Growing government focus on port-led development and waterways is expected to support demand for dredging services.Read more

25 Mar 2026

CapitaLand Ascendas REIT has announced the acquisition of interests in three assets located in Singapore and Japan for a total of SGD 1.41 billion (USD 1.10 billion), including fees and expenses. The deals include full ownership of a logistics and industrial asset in Singapore, partial stakes in a business space property, and a 49% stake in a hyperscale data centre in Greater Osaka. The transactions aim to strengthen income stability, diversify the portfolio, and increase exposure to the growing data centre segment driven by cloud computing and artificial intelligence demand.Read more

25 Mar 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders worth around INR 4,439 crore in its transmission and distribution (T&D) segment, covering projects across India, Africa, and Sweden. The contracts include high-voltage transmission lines and substations, strengthening the company's global presence. With these additions, KPIL has crossed its annual order intake target of INR 26,000 crore. The development reflects steady demand for power infrastructure and highlights the company's strong position in the EPC space, supported by its diversified portfolio across infrastructure segments.Read more

Pune News Desk

25 Mar 2026

Supreme Universal has announced an investment of approximately INR 1,500 crore to develop a residential project in Punawale, Pune. The project, named Supreme Rivana, will be executed over 12.6 acres under a joint development agreement and will have a development potential exceeding three million sq ft. It will comprise more than 2,200 apartments across multiple phases, targeting the mid-to-premium housing segment with 2BHK, 3BHK and 4BHK configurations. The phased construction approach aligns with demand in West Pune, a micro-market witnessing sustained residential activity driven by infrastructure growth and proximity to employment hubs.Read more

25 Mar 2026

The Enforcement Directorate has attached assets worth over INR 5,000 crore in the PACL case, further intensifying action in one of India's largest investment fraud probes. The latest attachment includes 126 properties in Punjab and Delhi, taking the total value of seized assets to over INR 22,600 crore. The case is based on a CBI investigation ordered by the Supreme Court, which found that PACL collected massive funds from investors through illegal schemes. Authorities continue efforts to trace assets and recover money for affected investors.Read more

Mumbai News Desk

25 Mar 2026

Demolition of the old Elphinstone Road overbridge in Mumbai has progressed further, with Western Railway removing key girders at Prabhadevi station. This work is part of the larger Sewri Worli Elevated Connector project, a 4.5-km double-decker corridor aimed at improving east-west connectivity. While the project is expected to reduce travel time and ease congestion once completed, it has currently led to traffic disruptions in the busy Parel Prabhadevi area. Authorities are continuing phased work while trying to minimise impact on rail and road movement.Read more

25 Mar 2026

The Government of India has announced the expansion of the SWAMIH Investment Fund under Budget 2026-27 with an allocation of INR 15,000 crore to support the completion of stalled housing projects. The initiative aims to provide relief to distressed homebuyers whose investments remain stuck and to improve overall confidence in the housing sector. As of earlier this year, the fund has committed investments across 148 projects and has already delivered over 63,000 homes. The scheme continues to function as a key financing mechanism for stressed residential developments across India.Read more

Mumbai News Desk

25 Mar 2026

The Bombay High Court has overturned a stay order issued by the Debt Recovery Tribunal (DRT) concerning a bank-auctioned flat, allowing the auction purchaser to proceed with ownership and possession formalities. The case involved a mortgaged property sold through a recovery auction initiated by the lender after default. The court observed that once an auction is completed as per law, further restrictions on transfer or possession should not continue without valid grounds. The ruling reinforces the legal position of auction buyers and supports the integrity of recovery mechanisms used by financial institutions.Read more

25 Mar 2026

Indiabulls has entered into a joint venture to develop a 2.38-acre commercial project in Gurugram with an estimated value of around INR 600 crore. The development will include office, retail, F&B and service apartment components along the Dwarka Expressway. In parallel, TARC has launched an additional phase at its residential project in Sector 63A after acquiring adjoining land. The expansion will add six towers and 518 units, taking the total development potential to about 1.7 million sq ft with a GDV of nearly INR 3,600 crore, reflecting steady demand in the micro-market.Read more

25 Mar 2026

Bellway has revised its operating margin outlook for the fiscal year ending July 2026, reflecting growing pressure from rising costs and uncertain housing demand. The company now expects margins to be around 10.5%, down from its earlier estimate of 11%. The revision comes amid concerns over potential interest rate increases, which could affect mortgage affordability and slow buyer activity. At the same time, the firm anticipates higher home delivery volumes than previously guided, supported by demand incentives, even as external risks such as geopolitical tensions and cost inflation continue to influence the market.Read more

25 Mar 2026

The Telangana government has detailed plans for Bharat Future City, a 30,000-acre greenfield urban development near Hyderabad designed to accommodate around 25-30 lakh residents. The project, outlined in the state's recent socio-economic survey, will include a central business district supported by specialised zones such as an AI City, Health City, Education Hub and a large life sciences cluster. Infrastructure proposals include radial road networks, underground utilities, smart grids and connectivity to Machilipatnam port. The development is being positioned as a net-zero, transit-oriented city with integrated public transport and a 15-minute living model. With over 50 per cent green cover and a 15,000-acre reserve forest, the project is intended to combine urban expansion with environmental planning.Read more

25 Mar 2026

Delhi's per capita income is projected to reach INR 5,31,610 at current prices as per the Advance Estimates for 2025-26, reflecting a growth of 7.92% over the previous financial year. The economic survey presented in the Delhi Assembly also indicates that the city's per capita income remains significantly higher than the national average, at nearly 2.5 times. Alongside this, Delhi's Gross State Domestic Product is expected to grow by 9.42%, while revenue surplus and tax collections are also budgeted to increase, highlighting overall economic expansion.Read more

25 Mar 2026

The National Company Law Tribunal (NCLT) has approved the withdrawal of insolvency proceedings in the ATS Knightsbridge project after a settlement was reached among the concerned parties. The case has now been taken out of the Corporate Insolvency Resolution Process, allowing the project to proceed under normal operations. The decision is expected to provide clarity to homebuyers who were facing uncertainty due to the ongoing proceedings. With this approval, focus will shift back to project execution and resolving pending matters through mutual understanding rather than insolvency intervention.Read more

25 Mar 2026

Adani Green Energy has commissioned 510.1 MW of renewable power projects in Khavda, Gujarat, through its stepdown subsidiaries. With this addition, the company's total operational renewable energy capacity has reached 17,982.3 MW. The plants were activated after receiving the necessary clearances, with power generation beginning from March 22. This development strengthens the company's position as one of India's largest renewable energy players and reflects its continued expansion in large-scale solar and wind projects across key regions in the country.Read more

25 Mar 2026

Co-working operators are expanding rapidly into India's tier II cities as demand for managed office spaces increases among corporates. A report by Vestian highlights that over 575 flexible workspace centres have been established across 17 smaller cities, covering nearly 8.8-9 million sq ft. These cities now account for a significant share of India's flex space ecosystem, supported by cost advantages, infrastructure improvements, and growing enterprise interest. The trend reflects a shift in office space demand beyond metros, with global capability centres and companies exploring new locations for expansion and talent access.Read more

25 Mar 2026

The Uttar Pradesh cabinet has approved the development of a 20 MW floating solar power plant at Chilua Tal in Gorakhpur as part of its ongoing push to expand renewable energy capacity. The project, to be executed by Coal India Ltd, will span around 80 acres of water surface allocated by the district administration. Officials noted that Gorakhpur is being developed as a solar city, following Ayodhya's designation as the state's first solar city. The initiative aligns with broader plans to promote solar energy across multiple municipal corporations in the state.Read more

25 Mar 2026

The Reserve Bank of India injected INR 79,256 crore of transient liquidity into the banking system through an overnight variable rate repo (VRR) auction at a cut-off and weighted average rate of 5.26 per cent. The infusion came in lower than the notified INR 1 lakh crore despite a decline in surplus liquidity, mainly due to advance tax outflows. Liquidity in the system is currently estimated to be in deficit. The central bank has also conducted multiple VRR operations earlier this week to manage short-term liquidity conditions.Read more

25 Mar 2026

Powerlong Real Estate Holdings Ltd has indicated that it expects a substantial net loss for FY2025, ranging between RMB 6,600 million and RMB 7,000 million, along with core losses attributable to shareholders estimated between RMB 3,400 million and RMB 3,800 million. The company has attributed the expected losses to impairment charges, declining property valuations, and other related factors. The disclosure highlights ongoing financial pressure in the real estate sector, where developers continue to face challenges linked to asset write-downs and subdued market conditions affecting overall profitability.Read more

25 Mar 2026

The Delhi government has allowed property owners and developers to obtain a provisional No Objection Certificate (NOC) by paying only 25% of infrastructure charges upfront. The move, implemented through the Delhi Jal Board, aims to reduce high initial costs that had slowed construction and redevelopment projects. The remaining amount will be paid later at the time of final approval. The decision follows concerns over steep increases in charges in recent years and is expected to improve project timelines, ease cash flow pressure, and support construction activity across the city.Read more

Noida News Desk

25 Mar 2026

Onward Workspaces has leased about 1.65 lakh sq ft of office space to Accenture in Noida, reflecting rising demand for managed office solutions among large corporates. The space, located at Ace Capitol in Sector 132, spans eight floors and includes around 1,460 workstations. The facility was handed over earlier this month as a customised workspace. With this deal, Onward Workspaces total portfolio in Delhi-NCR has crossed 8 lakh sq ft. The transaction highlights continued leasing activity in Noida and growing preference for flexible workspace models.Read more

25 Mar 2026

VinFast reported a wider net loss in the last quarter of 2025, mainly due to higher impairment charges linked to its planned US manufacturing facility. Despite this, the company saw strong growth in electric vehicle deliveries, especially in Vietnam, and a sharp rise in two-wheeler sales driven by policy changes. It is now preparing to restart construction of its North Carolina plant and expand globally across Asian markets. VinFast is also planning new hybrid-like REEV models and aims to reach break-even soon, although concerns remain around its high capital spending needs.Read more

Mumbai News Desk

25 Mar 2026

A fire broke out in a residential building in Virar, causing panic among residents before emergency services responded and brought the situation under control. Rescue teams managed to evacuate nine people from the building, and no injuries were reported. The incident highlights the importance of timely firefighting response and evacuation procedures in densely populated residential areas. Authorities ensured that the fire did not spread further within the structure, preventing casualties and limiting damage, while the exact cause of the fire is yet to be confirmed through further assessment.Read more

25 Mar 2026

IndiGo has announced the operation of select flights to Gulf destinations while cautioning passengers about potential last-minute schedule changes due to escalating tensions in the Middle East. The advisory applies to services operating in the past week, with the airline stating that operations are being conducted in line with safety requirements and regulatory approvals. Travellers have been advised to check flight status before departure and remain updated through official communication channels. The move comes amid continued volatility in regional airspace, which has affected flight schedules across multiple carriers. IndiGo indicated that its teams are working to support passengers and maintain connectivity under evolving conditions, even as uncertainties persist across West Asia routes.Read more

25 Mar 2026

The Prayagraj Development Authority (PDA) has revised prices of its unsold flats and approved easing of building restrictions under changes to the Master Plan 2031. The move comes after limited response to earlier fixed pricing and aims to improve housing demand and project viability. The authority also plans to allow taller buildings on smaller plots in key areas, along with introducing drone-based land surveys and record digitisation. These steps are expected to improve land use, speed up approvals, and support more balanced real estate development in the city.Read more

25 Mar 2026

Embassy Office Parks REIT is planning a significant expansion of around 12-13 million sq ft to strengthen its commercial real estate portfolio and improve long-term income stability. The strategy combines both acquisitions and in-house development, supported by a capital raise of about INR 9,800 crore in FY26. A portion of the pipeline is expected from its sponsor assets. The REIT is focusing on Grade A office properties with steady rental yields, aiming to enhance net operating income while maintaining a balanced and disciplined growth approach.Read more

25 Mar 2026

Jaipur's Master Plan 2047 has come under criticism from urban planning experts over key structural gaps. Concerns include a sharp expansion of the city's planned area, low population density assumptions, and deviation from central planning guidelines. Experts have warned that including large rural areas without matching infrastructure could strain civic services and lead to inefficient development. The Rajasthan High Court has also stayed parts of the plan, indicating the need for review. These issues have raised concerns about the plan's practicality and long-term implementation.Read more

25 Mar 2026

Madurai Corporation is implementing a digital system to improve property tax collection and urban services through better data and monitoring. The initiative includes DGPS-based asset mapping, real-time tax assessments, and automated notice generation. A centralised dashboard and upgraded command centre are being used to track services like sanitation and street lighting. The civic body has also integrated grievance redressal through a mobile app and web platform. These steps are aimed at improving transparency, reducing manual work, and ensuring faster service delivery across the city.Read more

Lucknow News Desk

25 Mar 2026

The Lucknow Development Authority (LDA) has approved a budget of INR 5,148 crore for FY 2026-27, focusing on affordable housing, land acquisition, and infrastructure upgrades. A major allocation of INR 200 crore will be used to build 848 flats in Sharda Nagar Extension. The plan also includes INR 1,600 crore for land acquisition in key growth corridors and funds for existing housing schemes, mobility projects, and civic infrastructure. The budget reflects a continued push to increase housing supply while preparing land and infrastructure for future urban expansion.Read more

25 Mar 2026

Real estate developers in Odisha have urged the state government to simplify and speed up the land conversion process, highlighting delays and rising costs due to multiple approvals. Industry bodies say the current system involves several departments, outdated records, and inconsistent decisions, which slow down project timelines. Developers have recommended adopting models followed in states like Maharashtra and Karnataka, where conversion is linked with building approvals. They believe these reforms can improve transparency, reduce costs, and support faster growth in cities such as Bhubaneswar where real estate demand is increasing steadily.Read more

25 Mar 2026

The Enforcement Directorate has begun investigating cases involving Indian nationals who allegedly used credit cards to fund property purchases in Dubai. The probe focuses on possible violations of foreign exchange rules and the misuse of banking channels to route funds overseas. Authorities are examining whether such transactions were structured to bypass regulatory limits under the Liberalised Remittance Scheme. The investigation reflects increased scrutiny of cross-border financial flows linked to real estate investments and the use of domestic credit instruments for overseas asset acquisition.Read more

Hyderabad News Desk

25 Mar 2026

Civic authorities in Hyderabad have outlined a INR 1,340 crore programme to replace, operate and maintain around 7.6 lakh streetlights across the Core Urban Region, covering multiple municipal corporations. The 10-year unified tender aims to address ageing infrastructure, with over 70 per cent of existing lights nearing the end of their lifecycle. The selected concessionaire will be responsible for full replacement of lighting units and centralised control systems within six months, followed by long-term maintenance. The project introduces real-time monitoring, strict performance-linked penalties and improved fault detection systems. The initiative is intended to streamline operations, reduce outages and improve accountability in urban lighting infrastructure across the Hyderabad metropolitan region.Read more

25 Mar 2026

The Rajasthan State Industrial Development and Investment Corporation has launched a new policy offering industrial land at a 40% discount on a 33-year lease to boost investments in the state. The scheme covers 30 industrial areas and includes extended payment timelines of up to five years. It also reduces transfer charges and conversion fees while introducing plug-and-play facilities. With added infrastructure spending and support for real estate-linked development, the move aims to make industrial setup more affordable and improve ease of doing business in Rajasthan.Read more

Noida News Desk

25 Mar 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved a budget of INR 11,829 crore for the upcoming financial year, with nearly two-thirds earmarked for land acquisition to support expansion around the Noida International Airport. Around INR 8,000 crore has been allocated for acquiring land to develop industrial and urban clusters, while additional provisions cover infrastructure in Yamuna City, airport-related works, and multi-modal connectivity. The authority has also approved a marginal increase in plot allotment rates across residential, commercial and group housing categories. The budget reflects a focus on accelerating development in the expressway corridor amid rising investor interest linked to the airport and associated economic activity.Read more