20 minutes ago

• Nirala World has announced plans to develop a premium shopping mall project, ‘Nirala Diadem’, in Greater Noida as part of its commercial real estate expansion strategy.
• The mall will be developed on a 2.5-acre land parcel, with a total planned investment of INR 525 crore.
• The developer has already invested INR 175 crore towards land acquisition, while INR 350 crore has been earmarked for construction activities.
• The project is scheduled for completion in the early part of 2030 and is aimed at addressing growing retail space demand in Greater Noida.
• The company currently has an existing portfolio of residential and commercial developments across Greater Noida and Greater Noida West.Read more

50 minutes ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has issued e-tenders for the lease of nine commercial and residential plots in the ‘G’ Block of Bandra-Kurla Complex, Mumbai, for a lease period of 80 years. The plots comprise five commercial parcels and four residential parcels with a combined built-up area exceeding 2.12 lakh sq m. According to the tender notice issued on 11 May 2026, the reserve prices for the plots range from approximately INR 374.95 crore to INR 1,432.55 crore. The commercial plots carry a reserve rate of INR 4,82,992 per sq m of built-up area, while residential plots are priced at INR 3,52,008 per sq m. The bidding process will remain open until 25 June 2026, with pre-bid meetings and site visits scheduled later this month.Read more

1 hour ago

• Australia’s Labor government is expected to introduce a one-year transition period for proposed changes to capital gains tax discounts and negative gearing rules in the upcoming federal budget.
• The government plans to remove the 50% capital gains tax discount on assets held for over a year from July next year, while allowing temporary relief for investments made after the budget announcement until mid-2027.
• Negative gearing benefits are likely to remain for existing investors under grandfathering provisions, while only newly built homes may qualify for the tax benefit in the future to support housing supply and affordability.Read more

1 hour ago

• Blackstone-backed Nexus Select Trust is close to acquiring Galaxy Group’s mixed-use project in Guwahati for nearly INR 1,300 crore.
• The development spans around 1.2 million sq ft and includes retail, office and hospitality components.
• The project is currently under construction and is expected to strengthen Nexus Select Trust’s presence in eastern and northeastern India.
• The deal reflects growing institutional interest in retail-led and mixed-use developments in emerging Tier-II cities.
• Guwahati has been witnessing rising commercial activity due to improving infrastructure, urbanisation and increasing consumer demand.Read more

2 hours ago

Housing societies and residential projects in Mumbai will now be able to develop larger wellness and recreational facilities without these spaces being counted under the project’s Floor Space Index (FSI). The Maharashtra government has amended provisions under DCPR 2034 and increased the permissible FSI-free area for such amenities from 2% to 4% of the total built-up area. The revised rules include facilities such as gyms, yoga centres, meditation rooms and recreation areas. The move is expected to help residential societies create better community infrastructure as demand for lifestyle and wellness amenities continues to rise across Mumbai’s housing sector.Read more

2 hours ago

Hong Kong-based Crown Worldwide Group has expanded its India operations with the launch of a new logistics and records management facility in Coimbatore. Spread across 4.5 acres, the development will support storage, digitalisation and corporate asset management services for businesses across South India. The company said the project has an initial storage capacity of more than 468,000 Standard Carton Equivalents, with plans for future expansion. The facility will also support Crown Relocations and Crown Workspace operations. Crown Worldwide highlighted India as one of its fastest-growing markets, driven by rising demand for secure and scalable information management infrastructure.Read more

3 hours ago

• Amazon Web Services received approval to move ahead with its Santiago data center project after residents lost an environmental challenge.
• Local residents had opposed the project over concerns related to a possible high-voltage power line and environmental impact.
• AWS said the facility is being designed to minimise energy and water consumption while meeting Chile’s environmental requirements.
• The project is part of AWS’ planned USD 4 billion investment in Chile over the next 15 years.
• Experts said Chile’s growing appeal for data center investments must be balanced with environmental and community concerns.Read more

3 hours ago

• Cyberabad EOW registered a case against directors and partners of two firms over an alleged villa project fraud in Pocharam near Hyderabad.
• More than 40 investors reportedly lost around INR 39.57 crore in the proposed “Rocketry” villa project spread across 13 acres and 22 guntas.
• Buyers alleged that the developers collected large upfront payments by assuring them that HMDA and RERA approvals would be secured soon.
• Police found allegations that the same villa units were allotted to multiple buyers through separate agreements.
• Officials are now examining financial transactions, project documents and property agreements linked to the case.Read more

4 hours ago

• Shares of State Bank of India fell around 4% after the bank reported weaker-than-expected March quarter earnings and lower lending margins.
• SBI’s net interest margin declined to 2.8% from 2.98% in the previous quarter, raising concerns over rising funding costs and profitability pressure.
• Brokerages including JPMorgan Chase and Bernstein flagged weaker core earnings and cautioned about slower earnings momentum ahead.
• Analysts said stable asset quality and healthy loan growth remained positives, but may not fully offset pressure on net interest income.
• Despite near-term concerns, brokerages maintained a positive long-term outlook on SBI due to its strong balance sheet, scale and leadership in the banking sector.Read more

4 hours ago

• Nitin Gadkari inaugurated a Multi-Lane Free Flow (MLFF) barrier-less tolling system at the Mundka-Bakkarwala Toll Plaza on Delhi’s Urban Extension Road-II corridor.
• The plaza is the second MLFF-enabled tolling facility in India after the Choryasi Toll Plaza on NH-48 in Gujarat, which became operational earlier this month.
• National Highways Authority of India plans to implement the technology at 17 toll plazas across nine states by September 2026, followed by over 108 additional plazas under the second phase by March 2027.
• The system uses Automatic Number Plate Recognition (ANPR) technology alongside FASTag-based toll collection to enable uninterrupted vehicle movement through toll corridors.
• The initiative is expected to reduce congestion, improve highway travel efficiency, lower fuel consumption, and support faster inter-city road connectivity.Read more

5 hours ago

• A Gurugram-based real estate firm owner has been arrested by Gurugram Police in connection with an alleged land fraud involving more than INR 15 crore.
• The accused, identified as Mahesh Mugam, was taken into custody by the Economic Offences Wing following a complaint linked to a proposed land transaction in Palwal district.
• Police stated that the complainant was allegedly shown documents related to the sale of nearly 11.33 acres of land in Ghughera village and subsequently paid around INR 17 crore towards the transaction and associated expenses.
• Investigators alleged that the accused failed to complete the land registration process and later became unreachable, highlighting continued concerns around fraudulent land transactions and due diligence risks in the NCR property market.Read more

5 hours ago

• Emaar Development reported sustained demand across its residential developments during the first quarter.
• The company recorded property sales worth AED 20.1 billion in Q1.
• Dubai’s residential market continued to see strong activity from both local and international buyers.
• Demand remained healthy across premium, off-plan and integrated residential communities.
• Market momentum has been supported by investor confidence, population growth and long-term residency initiatives in the UAE.Read more

6 hours ago

Gurugram’s real estate market has continued to witness strong development momentum, with the Real Estate Regulatory Authority (RERA) approving 35 projects during the first four months of 2026. The approved developments represent an estimated investment of nearly INR 27,000 crore and include a dominant share of residential projects. More than 11,500 residential and commercial units are expected to be developed across these schemes, underlining sustained developer confidence and rising housing demand in the NCR market. The approvals further reinforce Gurugram’s position as one of India’s most active real estate destinations, supported by infrastructure expansion, corporate demand and continued investor interest in both housing and mixed-use developments.Read more

7 hours ago

• Industrial Logistics Properties Trust said its Mountain JV entered into a USD 1.62 billion mortgage loan agreement secured by 90 industrial and logistics properties, according to an SEC filing.
• The financing transaction is expected to support the joint venture’s capital management and liquidity plans amid continued activity in the industrial real estate sector.
• Demand for logistics and warehousing assets has remained steady globally, driven by e-commerce growth, supply chain expansion and long-term distribution requirements.Read more

8 hours ago

India’s construction equipment industry reported a marginal decline in overall sales during FY26 as slower infrastructure execution, project delays and liquidity concerns affected domestic demand. Total equipment dispatches fell nearly 2 per cent year-on-year, while domestic sales declined around 7 per cent. Despite these challenges, exports recorded strong growth of 32 per cent, helping the sector maintain stability. Industry body ICEMA said delays in land acquisition, slower contractor payments and higher equipment costs due to new emission norms impacted the market. However, the industry remains optimistic about long-term growth driven by continued infrastructure development across the country.Read more

9 hours ago

• Micro Mitti will invest around INR 300 crore in a new commercial project in Indore as part of its expansion plans.
• The project, named ‘Cybercity by Micro Mitti’, is spread across 2.3 acres and will offer 4.48 lakh sq ft of leasable space.
• The development will mainly include office spaces along with supporting retail areas.
• The company aims to cater to Global Capability Centres (GCCs) and AI-led enterprises through the project.
• Construction is underway, and the project is expected to be completed by April 2029.Read more

10 hours ago

The Securities and Exchange Board of India (SEBI) approved a series of regulatory amendments earlier this month aimed at easing compliance requirements for Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and foreign portfolio investors (FPIs). The decisions were cleared during SEBI’s 213th board meeting held in Mumbai. The regulator introduced operational flexibility for AIFs winding up schemes, allowed FPIs to undertake net settlement of cash market transactions, and expanded investment options for REITs and InvITs. The board also approved revised ‘fit and proper person’ norms for intermediaries and adopted conflict-of-interest measures applicable to SEBI officials and board members. Several proposals were framed as ease-of-doing-business measures intended to reduce operational burdens while maintaining regulatory oversight and investor safeguards across India’s capital markets ecosystem.Read more

11 hours ago

The Ministry of Road Transport and Highways has expanded eligibility norms for build-operate-transfer highway projects by allowing sovereign wealth funds, pension funds, infrastructure funds and private equity investors to participate in bidding under the public-private partnership model. The move comes after four highway projects worth nearly INR 22,000 crore failed to attract bids from private developers due to concerns over existing contract conditions. Through a modified request for proposal framework, the ministry has eased qualification norms and allowed institutional investors to partner with concessionaires or engineering firms for technical execution, aiming to improve private participation in highway development projects.Read more

12 hours ago

• Patna Municipal Corporation has provided nearly INR 40 lakh as rebate to around 35,948 property taxpayers for making early payments in the current financial year.
• The civic body collected close to INR 11 crore in property tax during the initial weeks of the financial year through the rebate scheme.
• A 5% rebate on the principal tax amount is being offered for lump-sum payments made before June 30 under the Bihar Municipal Property Tax Rules, 2013.
• Nearly 60% of taxpayers used online payment methods, including UPI platforms and the municipal portal, showing rising digital adoption.
• PMC has also extended counter timings and started awareness drives as it aims to improve collections and reduce pending dues across city zones.Read more

13 hours ago

KPI Green Energy has secured an INR 621 crore contract from NTPC Renewable Energy for balance of system works related to a 500 MW solar PV project in Bikaner, Rajasthan. The order has been split into 300 MW and 200 MW blocks and includes supply, transportation, installation, testing, commissioning, civil works and maintenance services. The project marks KPI Green Energy’s entry into Rajasthan’s renewable energy market, a state that has emerged as a major hub for large-scale solar developments due to its strong solar radiation, land availability and expanding clean energy infrastructure.Read more

14 hours ago

Rajdarbar Developments Private Limited has lodged a complaint with Jaipur police alleging illegal excavation and violation of a court stay order on disputed land in Chimanpura village under Bhankrota police station limits. The company claimed that unidentified persons entered the land with heavy machinery and carried out excavation despite restrictions imposed by the SDO (South) court. Police officials confirmed that the complaint has been received and an investigation is underway. The dispute is part of a series of ongoing land-related complaints involving the developer and properties in Jaipur’s rapidly expanding outskirts.Read more

15 hours ago

Rail Vikas Nigam Limited (RVNL) will develop all station buildings and related infrastructure under the Rishikesh-Karnaprayag Rail Link project in Uttarakhand following green building norms. The move is aimed at reducing environmental impact while improving operational efficiency and passenger facilities across the Himalayan rail corridor. The 125-km project is one of India’s most challenging railway developments due to its difficult terrain and extensive tunnelling work. The rail line is expected to improve connectivity to important pilgrimage towns, support tourism and strengthen transport access in Uttarakhand’s hill districts while addressing sustainability concerns in ecologically sensitive areas.Read more

16 hours ago

The delay in discussions around the proposed Karnataka Apartment (Ownership and Management) Bill has increased concerns among apartment owners and resident welfare groups across Bengaluru and other parts of the state. Homebuyers say the absence of an updated legal framework is creating confusion over ownership rights, maintenance management, common area transfers, and dispute resolution. Resident associations have urged the Karnataka government to move ahead with stakeholder consultations and introduce the Bill soon, stating that the existing apartment law is outdated and no longer suitable for the growing number of apartment residents in the state.Read more

12 May 2026

The Bhubaneswar Development Authority has introduced a draft Standard Operating Procedure for land parcel reconstitution under Town Planning Schemes 42 to 45 in Zone IV, covering areas such as Bijipur, Kasipur, Bhagabanpur, Baliapada, and Patrapada. The SOP aims to create a structured and transparent process for handling land reconstitution, ensuring fair distribution of developed plots among landowners. It includes provisions for voluntary and mandatory amalgamation of land parcels, along with a standard 40% deduction and 60% return of land. The framework is expected to reduce disputes and improve planning efficiency.Read more

12 May 2026

CleanMax and Apple have entered into a strategic partnership to invest INR 100 crore in renewable energy projects across India targeting the commercial and industrial segment. The collaboration is aimed at accelerating deployment of clean energy infrastructure and supporting decarbonisation initiatives among corporate users. According to the companies, the investment will support development of scalable renewable energy assets aligned with long-term carbon reduction objectives and corporate sustainability commitments. The partnership also supports Apple’s broader carbon neutrality targets while strengthening CleanMax’s position as a renewable energy provider for industrial and commercial consumers across India and other international markets.Read more

12 May 2026

Zhenro Properties Group Ltd, a Hong Kong-listed real estate developer, reported its aggregated contracted sales for April 2026 at about RMB391 million, as per its latest update released during the current reporting cycle. The figures reflect the company’s monthly sales performance from property contracts signed and recognised within the period. Contracted sales typically indicate the value of properties agreed for sale and are a key indicator of demand and cash flow visibility in the real estate sector. The update was disclosed through routine market communication this week.Read more

12 May 2026

The Maharashtra government has approved the first phase of the 14-lane Virar-Alibaug Multi-Modal Transport Corridor, a major infrastructure project planned across the Mumbai Metropolitan Region. The 126-km corridor will improve connectivity between Virar, Navi Mumbai, JNPA port, the Mumbai Trans Harbour Link and the upcoming Navi Mumbai International Airport. Phase 1 of the project has been cleared at an estimated cost of INR 31,793.47 crore under the public-private partnership model. The corridor is expected to reduce travel time, support freight movement and ease pressure on Mumbai’s existing transport network.Read more

12 May 2026

Ovaro Kiinteistosijoitus Oyj has entered into an agreement to sell a 50% stake in one of its real estate development projects to M3 Asunnot. The transaction reflects the company’s ongoing strategy to share project-level risks and strengthen collaboration with development partners. The deal was confirmed in disclosures shared in the past week. The arrangement is expected to support capital efficiency for Ovaro while allowing M3 Asunnot to take an equal position in the project’s development and future value creation. No additional financial details of the transaction have been disclosed at this stage.Read more

12 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a consortium for the redevelopment of the 33-acre Abhyudaya Nagar layout in Kalachowki, South Mumbai. The large cluster redevelopment project covers 48 old buildings and more than 3,400 residential and commercial units. Existing residents living in nearly 210 sq ft homes are expected to receive 641 sq ft carpet area rehabilitation flats free of cost. The project is part of MHADA’s larger redevelopment push across Mumbai to replace ageing housing stock and improve infrastructure in older residential colonies.Read more

12 May 2026

Eurocommercial Properties reported gross rental income of EUR 60.46 million for the first quarter of 2026, while IFRS profit stood at EUR 37.89 million. The retail-focused real estate company also maintained its full-year guidance for direct investment result, signalling continued operational stability across its portfolio. The company posted a direct investment result of EUR 0.62 per share during the quarter. Its EPRA vacancy rate remained low at 1.5%, reflecting strong occupancy levels across assets. Eurocommercial Properties has continued to focus on grocery-anchored and dominant regional shopping centres across key European markets.Read more

12 May 2026

India has initiated a special audit covering 101 cities to evaluate ease of living from the perspective of citizens, with a focus on quality of life, sustainability and urban accessibility. Comptroller and Auditor General K Sanjay Murthy announced the initiative during the 5th BRICS Supreme Audit Institutions Leaders’ Summit in Bengaluru, where urban mobility emerged as a central theme. The audit comes amid rising urbanisation pressures, increasing congestion and growing demand for integrated transport infrastructure across Indian cities. The exercise is expected to assess whether infrastructure investments are translating into measurable improvements in commuting efficiency, connectivity and public service delivery.Read more

12 May 2026

The Reserve Bank of India has approved Kotak Mahindra Bank to increase its aggregate holding up to 9.99 per cent each in AU Small Finance Bank and Federal Bank. The approval was communicated to both banks this week through separate regulatory filings. The move allows Kotak Mahindra Bank, along with its subsidiaries and schemes managed by group entities, to expand its exposure in the two lenders. Shares of AU Small Finance Bank, Federal Bank and Kotak Mahindra Bank also witnessed gains in trading following the development.Read more

12 May 2026

• Germany’s property prices rose 2.2% year-on-year in the first quarter, according to the Association of German Pfandbrief Banks (VDP).
• Residential property prices increased 2.3%, while office and retail property prices rose 1.9% and 1.5%, respectively.
• The growth reflects a continued recovery in Germany’s real estate market after a prolonged slowdown caused by high interest rates and weak investment activity.
• Industry experts remain cautious as the ongoing Iran conflict has pushed up energy prices, inflation and financing costs globally.
• VDP Chief Executive Jens Tolckmitt said the first-quarter data has not yet shown a major impact from the geopolitical tensions.Read more

12 May 2026

• MMRDA’s feasibility study for the Versova–Dahisar Link Road outlines alignment, engineering and transport planning for the northern extension of the Mumbai Coastal Road project.
• The study evaluates routes aimed at reducing land acquisition and minimising impact on mangrove and Coastal Regulation Zone areas across Mumbai’s western suburbs.
• The report includes passenger and freight movement projections up to 2041 to support long-term regional transport planning and connectivity improvements.Read more

12 May 2026

• Securities and Exchange Board of India has granted approval to six companies, including Horizon Industrial Parks and Zepto, to proceed with their initial public offerings.
• The other companies receiving regulatory observations include Dhoot Transmission, Hotel Polo Towers, Crystal Crop Protection and Surgiwear.
• The companies had filed their draft IPO papers with Sebi between October and February as part of their proposed public fundraising plans.
• Under Sebi regulations, the issuance of observations is treated as approval for companies to move ahead with their public share offerings.Read more

12 May 2026

The Enforcement Directorate carried out search operations across multiple locations in Punjab and Chandigarh as part of a money laundering probe linked to alleged land fraud involving real estate developers. The case involves builders connected to projects such as Suntec City, where allegations include misuse of Change of Land Use (CLU) permissions and collection of large funds from investors. The probe also examines possible diversion of funds, default on payments to GMADA, and involvement of intermediaries. Cash seizures and document recovery were reported during the searches.Read more

12 May 2026

• iNvent has expanded its retail presence in Delhi NCR with the launch of a new Apple Authorised Reseller store at DLF Mid Town Plaza in Moti Nagar.
• The 900 sq. ft. outlet is expected to serve the growing premium residential and commercial catchment across West Delhi, supported by developments including DLF Midtown and nearby mixed-use projects.
• The company stated that the launch marks its return to a location where it had previously operated nearly a decade ago.
• Alongside the full Apple product portfolio, the store will offer guided purchase assistance, device support services and financing options, reflecting continued expansion of organised premium technology retail across NCR’s urban corridors.Read more

12 May 2026

UAE-based real estate developer Arada has acquired more than 80% stake in Abu Dhabi’s Reem Hospital as part of a AED 2 billion (USD 545 million) investment aimed at expanding the healthcare provider across the UAE. The move marks Arada’s entry into the healthcare sector as the company looks to diversify beyond real estate and reduce dependence on cyclical property markets. The expansion plan includes increasing the capacity of Reem Hospital’s existing Abu Dhabi facility and developing new hospitals in Dubai and Sharjah, along with a wider network of clinics across the country.Read more

12 May 2026

The National Industrial Corridor Development Corporation (NICDC) is progressing the development of the Multi Modal Logistics Hub and Multi Modal Transport Hub project in Dadri, Greater Noida, under the National Industrial Corridor Development Programme. The integrated infrastructure project in Uttar Pradesh spans more than 1,200 acres and includes logistics, warehousing and passenger transit infrastructure linked to the Eastern and Western Dedicated Freight Corridors. The project involves an estimated development cost of around INR 4,034 crore and carries projected investment potential of approximately INR 1.15 lakh crore. Officials stated that the development is expected to support freight movement, industrial activity and multimodal connectivity in western Uttar Pradesh and the National Capital Region. The project includes a dry port, warehousing facilities, container handling infrastructure and an integrated transport hub connected to rail, metro and road networks near Boraki railway station in Greater Noida.Read more

12 May 2026

BSE Ltd reported its strongest-ever financial performance in FY26, driven by sharp growth in derivatives trading and higher activity on its mutual fund distribution platform. Consolidated net profit for the March quarter rose 61% year-on-year to INR 795.47 crore, while annual profit increased 88% to INR 2,487 crore. Total revenue for FY26 climbed 59% to INR 5,148 crore, marking the best annual performance in the exchange’s 150-year history. The company also announced a final dividend of INR 10 per equity share, subject to shareholder approval.Read more

12 May 2026

Sri Lanka’s stock market closed higher in the latest trading session, supported by gains in real estate, energy and healthcare counters. The CSE All Share Index rose 1.1% as investor activity improved sharply compared to the previous session. Trading volumes and market turnover also recorded a strong increase, indicating higher participation from local investors. Industrial Asphalts (Ceylon) PLC and SMB Finance PLC emerged as the biggest gainers during the session. Exchange data further showed that while foreign investors remained net sellers, domestic investors continued to support the market with strong buying activity.Read more

12 May 2026

A government-backed study on income disparity in Nagaland has revealed significant inequality in household earnings across the state, with the top 5 per cent of households accounting for nearly 21 per cent of total income while the bottom 50 per cent receive only around 18 per cent. The report, prepared under the Ministry of Statistics and Programme Implementation in collaboration with the University of Hyderabad, recorded a Gini coefficient of 0.46, indicating a high level of income concentration. The findings also showed that urban areas have marginally higher inequality than rural regions, while districts such as Longleng reported the sharpest income disparities across both urban and rural households.Read more

12 May 2026

Guwahati-based Poddar Group has announced plans to invest INR 800 crore over the next five to 10 years to expand its hospitality portfolio, with a primary focus on the Northeast. The company aims to develop 10 hospitality assets through a mix of owned, leased and acquired properties. The expansion strategy comes as the region witnesses stronger tourism demand, improved connectivity and rising appetite for premium hospitality experiences. The group also launched its second Hotel Palacio property in Guwahati and confirmed that the Hyatt Regency Gangtok project is currently under development, reflecting its broader ambition to strengthen its regional hospitality footprint.Read more

12 May 2026

The Comptroller and Auditor General of India has started a special audit covering 101 cities to evaluate ease of living, urban mobility and the effectiveness of public infrastructure. The exercise will assess whether government spending on transport, connectivity and civic services has improved the daily lives of citizens. The audit will study quality of life, sustainability, accessibility and governance standards in urban centres. It will also review first-mile and last-mile connectivity and multi-modal transport systems with support from institutions such as IITs, IIMs and the World Bank as Indian cities continue to face rising congestion and infrastructure pressure.Read more

12 May 2026

Adani Green Energy Ltd (AGEL) has incorporated two new step-down subsidiaries through its wholly owned arm Adani Renewable Energy Sixty Four Limited as part of its renewable energy expansion strategy. The newly formed entities — ARE64L Step-One Renewable Energy Limited and ARE64L Step-Two Renewable Energy Limited — will focus on power generation using renewable energy sources. The development forms part of AGEL’s broader portfolio expansion across utility-scale clean energy projects in India. The company, a part of the Adani Group, operates across solar, wind, hybrid and energy storage segments. The announcement comes as renewable energy developers continue to expand project pipelines amid rising investments in clean power infrastructure and India’s long-term energy transition targets.Read more

12 May 2026

India’s real estate sector is increasingly integrating digital and data-driven technologies across project planning, construction, sales and asset management as developers respond to rising operational costs, regulatory requirements and changing consumer expectations. A joint report released by FICCI and KPMG estimated the sector’s market size at USD 650 billion in 2025 and projected it to expand to USD 5.8 trillion by 2047. The report highlighted that technology is becoming central to the sector’s operational framework, replacing fragmented and paper-based systems with scalable digital processes. Industry stakeholders noted that stronger institutional participation, the growth of REITs and InvITs, and more digitally aware homebuyers are accelerating the shift towards transparency, efficiency and integrated property services. The findings were presented during a real estate summit organised by FICCI in New Delhi.Read more

12 May 2026

Civil society organisations and tribal bodies in Dimapur have opposed any move to relocate Nagaland’s only railway station outside the state and have called for a faster resolution of land disputes linked to the redevelopment project. The Dimapur Railway Station is being upgraded under the Amrit Bharat Station Scheme, but pending court cases involving several patta holders have slowed progress. Local groups said prolonged delays could affect the project timeline and may create uncertainty around future railway investments in the state. Committees have now been formed to coordinate with landowners, officials and other stakeholders to prevent further delays.Read more

12 May 2026

Capital markets regulator Securities and Exchange Board of India (Sebi) has settled proceedings against four entities in connection with an alleged layered diversion of funds involving erstwhile Indiabulls Real Estate Ltd, now known as Embassy Developments Ltd, after the entities collectively paid around INR 10.49 crore as settlement amount. The matter relates to Sebi’s investigation into alleged diversion, siphoning and misappropriation of funds routed through subsidiary Albasta Infrastructure Ltd between FY10 and FY17. The regulator had examined the company’s consolidated financial statements for FY15 to FY17 and subsequently issued a show-cause notice in 2023. The settlement applications, filed in 2024, were approved by Sebi’s whole-time members earlier this year. The entities settled the matter without admitting or denying the findings and legal conclusions recorded by the regulator.Read more

12 May 2026

Ganesh Real Estate Management Institute (GREMI), backed by Ganesh Housing Limited, has received approval from the All India Council for Technical Education (AICTE), becoming Gujarat’s first institute exclusively focused on real estate education. The institute is set to begin its first academic batch in August 2026 with a postgraduate programme in real estate development and management. GREMI aims to address the shortage of structured and industry-focused education in India’s rapidly growing built environment sector. The institute will initially operate from Million Minds Tech City in Ahmedabad while also pursuing deemed university status and planning a 100-acre integrated campus.Read more

12 May 2026

India is working towards strengthening GIFT City as a complete aircraft leasing and aviation financing hub instead of only a registration destination, Union Civil Aviation Minister Rammohan Naidu said during the India Aircraft Leasing and Financing Summit 2.0 in Gandhinagar. The government is focusing on legal, tax and financing reforms to support the aviation sector, which continues to witness strong growth. India’s commercial aircraft fleet is expected to expand sharply by 2032, while passenger traffic and airport infrastructure development are also seeing rapid growth. The Centre is additionally planning to boost domestic aviation financing and expand seaplane operations.Read more