Ludhiana News Desk

29 minutes ago

• Ludhiana’s property UID plate project has remained stalled for nearly 12 years despite multiple implementation attempts by the municipal corporation.
• The initiative aimed to digitally map residential and commercial properties through QR-enabled unique identification plates linked to civic and tax records.
• Earlier phases faced delays due to public resistance, contractor disputes, outdated surveys and disagreements over mapping methods.
• Around 85,000 properties were covered during the latest phase under the Smart City Mission before work stopped again.
• Officials are now considering a fresh city-wide survey as older GIS records no longer reflect Ludhiana’s current urban expansion and property growth.Read more

59 minutes ago

Nexus Seawoods has launched ‘Panda World’, a themed indoor entertainment attraction aimed at families and children during the summer holiday period in Navi Mumbai. The experiential installation, which opened on May 9, features an oriental-inspired panda-themed environment with interactive gaming areas, activity zones, rides and performance spaces within the mall premises. The ticketed attraction is priced from INR 499 onwards and includes arcade zones, AR-based photo experiences, children’s workshops and themed installations. The initiative reflects the continued focus of organised retail destinations on experiential programming to increase visitor engagement and footfall during seasonal periods. Located in Navi Mumbai, Nexus Seawoods has been expanding family-oriented entertainment and event-based attractions as malls increasingly position themselves as mixed-use lifestyle destinations beyond conventional retail formats.Read more

1 hour ago

Nemetschek Group India has entered into a three-year strategic partnership with New Consolidated Construction Company Ltd. (NCCCL) to integrate Building Information Modeling (BIM) and digital construction workflows into large-scale infrastructure and real estate projects across India. The collaboration will focus on sectors including residential, commercial, healthcare, hospitality and data centres, with pilot projects already identified in developments by Runwal and L&T Realty. Under the agreement, Nemetschek will deploy technology platforms such as Graphisoft, Allplan, Bluebeam and Solibri to improve project coordination, design validation and operational efficiency. The partnership will also include technical training programmes and workshops aimed at strengthening digital construction capabilities within NCCCL’s execution teams amid increasing project complexity and rising adoption of technology-led project management practices in India’s construction sector.Read more

1 hour ago

• Afcons Infrastructure Ltd has been selected as the most suitable bidder for a railway rehabilitation and expansion project in Croatia, marking its entry into the European infrastructure market.
• The project involves reconstruction of an existing railway track and development of a second railway line, along with electrification, signalling and telecommunication works.
• The contract is valued at EUR 677.07 million, excluding taxes, equivalent to around INR 7,544 crore.
• Company executives said the order is Afcons’ largest international contract to date and reflects its growing overseas infrastructure portfolio.
• The development adds to Afcons’ track record of executing complex transport and tunnelling projects, including the Chenab bridge, Kolkata Metro under-river tunnel and Atal Tunnel.Read more

2 hours ago

Confederation of Real Estate Developers' Associations of India has decided to relocate its annual convention NATCON 2026 from Amsterdam to an Indian destination, citing support for Prime Minister Narendra Modi’s recent appeal to reduce non-essential overseas travel and conserve foreign exchange amid the ongoing geopolitical tensions in West Asia. The 23rd edition of the convention, originally planned in Amsterdam for August 2026, will now be hosted in India, with the new venue yet to be announced. NATCON is Credai’s flagship annual industry gathering and attracts more than 1,000 participants, including developers, investors, policymakers, architects and consultants. The move comes as industry bodies and businesses respond to the Centre’s call for prudent economic measures, including reduced foreign travel and greater domestic spending.Read more

2 hours ago

Madhya Pradesh Metro Rail Corporation Limited has introduced a non-fare revenue initiative allowing metro coaches and station premises in Bhopal and Indore to be rented for birthday parties, pre-wedding shoots, film productions and social events. The programme, titled “Celebrations on Wheels”, comes as metro operations in both cities continue to witness lower-than-expected ridership levels following phased launches of services. Under the initiative, stationary metro coaches can be booked at INR 5,000 per hour, while moving coaches are available at INR 7,000 per hour, subject to operational and safety conditions. Officials stated that the move is aimed at generating additional revenue, improving public engagement with metro systems and utilising urban transport infrastructure beyond conventional commuter services amid rising operational expenditure.Read more

3 hours ago

• Simon Property Group raised the lower end of its annual FFO guidance to between USD 13.10 and USD 13.25 per share, supported by stable leasing demand and higher rental income across its malls and shopping centres.
• The company lowered its annual net income forecast amid concerns around macroeconomic uncertainty, softer consumer spending and continued growth of e-commerce platforms, despite revenue beating market estimates during the first quarter.
• Quarterly occupancy improved to 96% from 95.9% a year earlier, while base minimum rent per square foot increased 5.2% year-on-year to USD 61.99, reflecting continued strength in its retail property portfolio.Read more

3 hours ago

• Hero Realty has secured a debt facility worth INR 1,200 crore from IndusInd Bank to support ongoing and upcoming residential developments across key urban markets.
• The financing transaction, facilitated by Rezonance Consultants, is expected to strengthen the developer’s balance sheet and improve long-term capital visibility for expansion plans.
• The funding comes amid continued residential growth activity, including the recent launch of The Palatial by Hero Homes in Sector 104, Gurugram along the Dwarka Expressway corridor.
• Hero Realty stated that the transaction reflects lender confidence in its project portfolio, execution capabilities and governance standards across group housing, luxury residential and mixed-use developments.Read more

4 hours ago

• Peripheral residential markets around Mumbai, including Karjat, Neral, Panvel and Khopoli, are witnessing rising homebuyer interest driven by demand for cleaner air, lower-density living and wellness-focused housing.
• Improved connectivity through the Mumbai Trans Harbour Link, highway upgrades and railway infrastructure has reduced travel time, supporting the emergence of these locations as residential and second-home destinations.
• Developers and property consultants stated that buyers are increasingly prioritising health, open spaces and lifestyle quality over proximity to central business districts.
• Industry stakeholders noted growing demand for plotted developments, larger homes and nature-oriented communities, particularly among hybrid-working professionals and families across the extended Mumbai Metropolitan Region and Raigad micro-markets.Read more

4 hours ago

The Union government has approved infrastructure projects worth INR 1,290 crore for Pune, covering water supply augmentation in newly merged areas and flood mitigation works across the city. The approval was granted during the first apex committee meeting under the Urban Challenge Fund chaired by the Union Ministry of Housing and Urban Affairs. Of the total allocation, INR 890 crore has been sanctioned for a drinking water project covering 12 merged villages in the Khadakwasla-Nanded belt, while INR 400 crore has been earmarked for flood control measures at 335 flood-prone locations in Pune. The water project includes a 200 MLD treatment plant, transmission and distribution pipelines, and smart metering infrastructure intended to serve nearly 7.78 lakh residents until 2052. The projects come amid continued concerns over water quality, uneven civic infrastructure in merged areas, and recurring urban flooding during the monsoon season.Read more

5 hours ago

Premium flexible workspace operator The Executive Centre has announced a major expansion across South India with plans to add nearly 4,65,000 sq. ft. of office space and more than 6,000 workstations in Bengaluru, Hyderabad and Chennai. The expansion includes multiple centres across key commercial districts and is aimed at addressing rising demand from Global Capability Centers (GCCs), multinational companies and domestic enterprises seeking managed office solutions. Bengaluru will see three new centres, while Hyderabad will house TEC’s largest upcoming managed office facility spanning over 2,04,000 sq. ft. Chennai will add a new centre at DLF Downtown 2. The company said the expansion aligns with increasing occupier preference for premium, scalable and flexible office environments across South India’s major commercial markets.Read more

6 hours ago

• Telangana State Industrial Infrastructure Corporation (TGIIC) has announced fresh land auctions for nearly 11 acres in Hyderabad’s Raidurg Knowledge City area.
• The upset price has been fixed at INR 139 crore per acre, with the government expecting revenue of nearly INR 2,000 crore from the auctions.
• The land parcels are located in one of Hyderabad’s most active commercial and IT corridors near HITEC City and Financial District.
• The auctions follow last year’s record land sales in Raidurg, where bids touched nearly INR 177 crore per acre.
• Developers are expected to show strong interest again due to increasing demand for mixed-use and commercial developments in the micro-market.Read more

7 hours ago

Sanghvi Realty has received the Occupation Certificate (OC) for its residential project Sanghvi Palazzo in Andheri West, Mumbai, nearly 18 months ahead of the project’s RERA possession deadline of December 31, 2027. Located on Jai Bhavani Mata Road, Ambivali, the G+9 development comprises 41 residential units across 1 BHK, 2 BHK and 3 BHK configurations, with carpet areas ranging from 358 sq ft to 770 sq ft. The project is registered under MahaRERA number P51800053991. The developer stated that the early completion reflects its focus on execution timelines, regulatory compliance and delivery-led development. The project includes amenities such as a gymnasium, landscaped recreation spaces, children’s play area and security systems, while benefiting from connectivity to metro infrastructure, commercial hubs and social amenities across Mumbai’s western corridor.Read more

8 hours ago

The Delhi government has made it compulsory for all construction and demolition sites across the capital to use green dust-control nets with a minimum thickness of 100 GSM to curb pollution caused by construction activity. The move follows recent assessments that found thinner nets ineffective in stopping dust particles from spreading into surrounding areas. The Delhi Pollution Control Committee has directed all project proponents and civic agencies to implement the rule with immediate effect. The government is also expanding digital monitoring of construction sites through Dust Portal 2.0 to improve compliance, tracking and enforcement of anti-pollution measures across Delhi.Read more

9 hours ago

• National Highways Authority of India has secured a favourable arbitration ruling in a dispute linked to the six-laning of the Kamrej–Chalthan stretch of NH-48 in Gujarat.
• The arbitral tribunal awarded only INR 54 lakh against contractor claims of around INR 174.49 crore related to the stalled highway widening project.
• The dispute involved a 15-km engineering, procurement and construction contract awarded in 2016 to SCIW–Unique Construction (JV) at a project cost of INR 241.41 crore.
• NHAI stated that the contract was mutually foreclosed in 2020 after physical progress reached approximately 49.79 per cent and both parties had agreed to full settlement of claims.
• The authority relied on drone videography, digital project records, and technical documentation during arbitration proceedings to defend its position and demonstrate contractor non-performance.Read more

10 hours ago

• The Mandate House facilitated sales of 111 residential units worth more than INR 100 crore within one week of the launch of Stans Arize, a project by Stans Buildtech in Jogeshwari East.
• The 23-storey development at Janata Colony, Gandhi Nagar comprises 1 and 2 BHK apartments and was launched under an exclusive sales mandate managed by The Mandate House.
• According to the companies, the project witnessed strong demand due to its proximity to the Western Express Highway, metro stations and suburban railway connectivity.
• The development also includes amenities such as a swimming pool, fitness centre and landscaped recreational spaces. Stans Buildtech currently has 13 ongoing and four upcoming projects across Mumbai.Read more

11 hours ago

HTL International is expanding its India operations with plans to double its retail footprint over the next two years as the upholstered furniture manufacturer targets 35% growth in 2026 across its brands Domicil, Fabbrica and Corium. The company currently operates one flagship outlet and 33 shop-in-shops in the country and intends to strengthen its presence in Tier 2 cities alongside new flagship stores in metropolitan markets. HTL stated that the strategy is being driven by rising demand for organised furniture retail, growing premium housing consumption and increasing discretionary spending on interiors in smaller cities. The company also expanded its Chennai manufacturing facility from 2.5 lakh sq ft to 3.5 lakh sq ft to support both domestic and export demand, reinforcing India’s role within its global supply chain.Read more

12 hours ago

• India’s Global Capability Centre (GCC) sector is witnessing a shift in hiring patterns as artificial intelligence automates repetitive tasks while increasing demand for specialised, AI-native talent.
• Companies are moving away from volume-driven recruitment for routine support functions and are prioritising professionals skilled in AI integration, digital trust, sovereign data governance, and product engineering.
• Industry leaders indicate that GCCs are evolving from traditional back-office operations into innovation-led centres handling core intellectual property and strategic business functions.
• The rise of smaller “Micro-GCC” teams is driving recruitment in niche technology domains where employees are expected to combine technical expertise with business strategy and problem-solving capabilities.
• Experts believe the transition reflects the growing maturity of India’s GCC ecosystem, with organisations increasingly focusing on high-value innovation and long-term technology leadership.Read more

13 hours ago

• Dosti Realty inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, marking the first temple developed inside any of the company’s residential projects.
• The temple forms part of the developer’s broader community infrastructure plan within the 125-acre integrated township located near Thane.
• The project, situated around 7 km from Lake Shore Thane, includes over 70 per cent open green spaces, a 1 lakh sq. ft. clubhouse, high-street retail and planned educational facilities.
• Company executives stated that the temple is intended to function as a shared cultural and social space for residents. The township is also expected to benefit from connectivity through the upcoming Kalher Metro Station.Read more

14 hours ago

• Maharashtra’s Vision 2047 tourism plan targets INR 1 lakh crore investment and 18 lakh jobs.
• The roadmap includes PPP tourism projects, MICE infrastructure, cruise tourism and heritage circuits.
• Proposed MMR projects include island tourism, waterfront developments and coastal infrastructure.Read more

15 hours ago

• ICRA projects MoRTH road execution at 9,500-10,000 km in FY2025-26 and 9,000-9,500 km in FY2026-27.
• Construction activity has moderated from 10,660 km in FY2024-25 due to slower project awards and shrinking order books.
• Road awards in FY2025-26 are expected at 7,250-7,750 km, broadly unchanged from the previous year.
• Extended monsoon disruptions have further affected execution activity across highway projects.
• Toll collection growth is estimated at 7-9% in FY2025-26, supported by improved traffic growth.Read more

16 hours ago

Navi Mumbai Municipal Corporation (NMMC) has reported increased usage of its WhatsApp chatbot service launched on mobile number 8291920504, as citizens increasingly access municipal services, property tax payments and civic information through digital platforms. The civic body stated that over 113 services, including birth and death certificates, property tax, water charges and construction-related permissions, are now available online through integrated systems. According to NMMC, more than three lakh citizens have received property tax notifications through the chatbot platform, while over 7,000 users have completed payments using WhatsApp payment links. The municipal authority also stated that approximately INR 10 crore was collected following digital message campaigns conducted in March 2026. The chatbot service supports both Marathi and English languages and functions as part of NMMC’s broader digital governance and citizen service delivery strategy.Read more

Nagpur News Desk

16 May 2026

A district court in Nagpur has upheld the eviction proceedings initiated by the Nagpur Municipal Corporation over a prime 15,000 sq m land parcel located on Subhash Road near Agyaram Devi Square, dismissing multiple civil appeals filed against the civic body’s notices. The disputed land had originally been leased to Abhyankar Smarak Trust in 1937 for charitable purposes, but the lease expired in 1967 and was not renewed thereafter. According to the court order, portions of the land were subsequently sublet to commercial establishments without municipal approval. The ruling clears the way for the civic authority to proceed with repossession of the site for a proposed public development project and reinforces municipal powers relating to occupation of public land after expiry of lease agreements.Read more

16 May 2026

• Future City Leasehold Real Estate Investment Trust reported quarterly total income of 261.1 million baht in its latest financial update.
• The Reuters filing did not provide additional details on profit, distributions, or operational performance.
• The update comes as investors continue to track leasing activity, rental income stability, and occupancy levels across Asian REIT markets.
• Real estate investment trusts in the region are also monitoring the impact of interest rates and financing costs on returns.
• Market participants are expected to watch upcoming disclosures for further clarity on the trust’s portfolio and future performance.Read more

16 May 2026

• State Bank of India has urged the central government to revisit the definition of affordable housing amid rising residential property prices and higher home loan ticket sizes.
• C S Setty stated that the bank’s average home loan size has increased to around INR 51 lakh from INR 35–40 lakh over the past two years, reflecting changing market dynamics across urban housing markets.
• The current affordable housing framework largely applies to homes priced up to INR 45 lakh, subject to specified carpet area limits under existing policy norms.
• The lender stated that current thresholds may no longer reflect residential pricing levels in major cities, renewing discussions around affordable housing incentives, housing finance accessibility and policy recalibration in India’s residential sector.Read more

16 May 2026

The Income Tax Department has detected discrepancies worth nearly INR 45,000 crore in real estate transactions after conducting searches and verification exercises at sub-registrar offices in Gurugram and Mohali. The investigation focused on possible irregularities in reporting high-value property deals, including suspected undervaluation and incomplete disclosures. Officials are examining transaction records, registration data and financial filings to identify mismatches. The findings come amid tighter scrutiny of the real estate sector, where authorities have been increasing monitoring of property transactions to curb tax leakage, cash dealings and reporting irregularities across major markets.Read more

16 May 2026

• Ministry of Railways has granted in-principle approval for a new suburban railway station between Mulund and Thane in the Mumbai Metropolitan Region.
• Devendra Fadnavis announced the approval earlier this week while sharing communication received from Ashwini Vaishnaw.
• The proposed station has been a long-pending demand from local representatives and residents seeking improved suburban rail accessibility across the rapidly growing eastern Mumbai-Thane corridor.
• The station is proposed on land belonging to a government mental hospital and is expected to strengthen regional connectivity and commuter movement across the Mumbai Metropolitan Region.Read more

16 May 2026

Australia’s Labor government has announced major changes to property investor tax benefits in a move aimed at improving housing affordability and helping first-time buyers enter the market. The reforms include reducing tax deductions for investors and replacing the long-standing 50% capital gains tax discount with a system linked to inflation. The decision has triggered mixed reactions across the country, with younger Australians and aspiring homeowners largely supporting the move, while investors and opposition leaders have criticised it. The policy marks one of the biggest housing tax reforms in Australia in decades and reflects growing political pressure over rising property prices and generational inequality.Read more

16 May 2026

The Reserve Bank of India is anticipated to transfer its highest-ever dividend to the government, offering a strong fiscal support at a time when global uncertainties, including the Middle East situation, are affecting economic planning. Last year, RBI’s dividend stood at INR 2.69 lakh crore, significantly higher than the previous year’s INR 2.11 lakh crore. The upcoming decision is expected in the RBI board meeting scheduled later this month. Alongside this, strong profitability from public sector banks and other financial institutions is expected to support higher-than-budgeted non-tax revenue for the government in the coming fiscal year.Read more

16 May 2026

• Ashwini Vaishnaw said railways, electronics and semiconductors, and AI would drive India’s next phase of economic and industrial growth.
• The minister highlighted rising railway infrastructure investment, with capital expenditure reaching nearly INR 2.72 lakh crore in the last financial year.
• He said smartphone exports emerged as India’s largest export category amid growth in electronics manufacturing and the semiconductor ecosystem.
• Vaishnaw stated that the Dedicated Freight Corridor has reduced freight transit time, while stressing the need for AI adoption, data centres and workforce skilling.Read more

16 May 2026

• The Pune Metropolitan Region Development Authority is expected to hand over implementation of the Mahalunge–Maan Town Planning Scheme to the Pune Municipal Corporation after nearly eight years of delays.
• The 250-hectare scheme, proposed in 2017 for the rapidly developing Hinjewadi corridor, has faced repeated administrative and jurisdiction-related hurdles following the merger of parts of the project area into PMC limits.
• Maharashtra’s urban development department recently approved the first variation of the preliminary town planning scheme, removing a key regulatory hurdle for implementation.
• The project proposes planned urban development including road infrastructure, sewage networks, open spaces, public amenities, and organised residential and commercial layouts.
• Officials stated that a formal government notification is awaited to finalise transfer of project execution responsibilities to PMC.Read more

Balaji Rao

16 May 2026

India's data centre boom is currently being headlined by the world's largest technology companies, but it may ultimately be won by real estate developers. The reason is simple: in a sector where access to land, robust industry networks and local expertise determine outcome, decades of building townships and IT parks turn out to be surprisingly good preparation.Read more

16 May 2026

• Ganesh Real Estate Management Institute has received approval from the All India Council for Technical Education, becoming Gujarat’s first AICTE-approved institution focused exclusively on real estate education and management.
• The Ahmedabad-based institute, supported by Ganesh Housing Corporation Limited, is expected to begin academic operations from August 2026 with an inaugural batch of nearly 70 students.
• The institute has been established under the Mahamati Skill and Education Foundation and will offer a postgraduate certificate programme in real estate development and management.
• GREMI aims to build an industry-oriented academic ecosystem centred on urban development, planning, governance, finance and technology, while also pursuing deemed university status and a proposed 100-acre integrated campus in Ahmedabad.Read more

16 May 2026

Australia is set to announce one of its biggest housing tax reforms in decades while reporting a lower-than-expected budget deficit, supported by strong commodity revenues and inflation-led tax collections. The government is expected to introduce changes to capital gains tax discounts and negative gearing rules to improve housing affordability and intergenerational equity. The budget is also likely to include higher defence spending, fuel security measures and welfare reforms aimed at reducing long-term costs. Economists, however, remain concerned that additional government spending could add pressure on inflation and force further interest rate hikes.Read more

16 May 2026

• NeoLiv recorded sales bookings worth INR 1,251 crore for its luxury plotted township project, NeoLiv Golf One, located in Sectors 98 and 99A, Faridabad.
• The company stated that the entire launch inventory of the 47-acre development was sold within six hours of opening sales, making it among the larger plotted residential launches in the NCR market.
• The township comprises residential plots ranging from 181 sq. yds to 388 sq. yds and is planned around a golf-themed master layout.
• According to the developer, the project achieved pricing of nearly INR 2 lakh per sq. yd, with the launch attracting participation from high-net-worth individuals, domestic investors and non-resident Indian buyers amid rising demand for plotted developments in Faridabad.Read more

16 May 2026

• The Goa government has designated more than 82 lakh sqm of land as No Development Zones (NDZs) to restrict construction activity in ecologically sensitive regions across the state.
• The decision, approved by the Town and Country Planning Board, covers hill slopes, mound areas, sand dunes, islands, and other environmentally vulnerable locations including Majorda, Gonsua, Vagheri Hill, and Sao Jorge Island.
• Authorities stated the move aims to prevent hill cutting, land flattening, and unregulated development amid growing urbanisation and tourism-led construction pressure in Goa.
• Separately, the Union environment ministry has approved Goa’s proposal to declare nearly 6,729 hectares along the Mandovi and Zuari riverbanks as eco-sensitive zones.
• The state government indicated that additional ecological protections for rice fields and low-lying areas may also be considered in the next phase of land preservation measures.Read more

16 May 2026

Golden Growth Fund has reported continued price appreciation in South Delhi’s luxury floor market during the first quarter of 2026, with Category B colonies registering stronger annual growth than Category A neighbourhoods. According to the fund’s latest market assessment, prices of luxury builder floors in Category B colonies increased between 23% and 32% year-on-year, while Category A colonies recorded growth between 14% and 22%. The report noted that prices for premium floors in Category A locations ranged from INR 19.5 crore to INR 40 crore on average, whereas Category B colonies recorded average pricing between INR 10.75 crore and INR 16.5 crore. The fund attributed the demand momentum to limited supply, rising migration of affluent buyers within Delhi and sustained investor interest in established luxury residential micro-markets despite wider real estate market moderation.Read more

16 May 2026

• The Centre is expanding implementation of the SVAMITVA scheme to issue legal property cards for residential land parcels in rural areas across India.
• The programme uses drone surveys and geospatial mapping technology to demarcate inhabited village land and generate digital ownership records.
• According to government data, millions of property cards have already been distributed across participating states under the scheme.
• The initiative is aimed at reducing land disputes, improving rural land governance and enabling property owners to access institutional finance using documented assets.
• The scheme is being implemented by the Ministry of Panchayati Raj in coordination with state governments, Survey of India and local Panchayati Raj institutions.Read more

16 May 2026

• Ministry of Textiles inaugurated India’s first operational PM MITRA Park in Warangal, developed at a cost of INR 1,695.54 crore under the central government’s integrated textile infrastructure programme.
• The 1,327-acre project is expected to attract investments exceeding INR 6,000 crore and generate more than 24,400 jobs across the textile value chain.
• According to the ministry, nearly 62 per cent of the park has already been allotted to industrial units, indicating early investment traction within the integrated manufacturing ecosystem.
• The PM MITRA scheme aims to establish textile manufacturing hubs across seven states with multimodal connectivity, common infrastructure and investment incentives. The Warangal project has been positioned as a key industrial and employment-focused development for Telangana’s manufacturing sector.Read more

16 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a stakeholder consultation in Amaravati to discuss draft Sustainable and Green Public Procurement Guidelines aimed at promoting low-carbon and environmentally responsible infrastructure development. Supported by the World Bank programme, the proposed framework focuses on integrating sustainability into public procurement through life cycle costing, use of low-carbon construction materials, energy-efficient building practices, and climate-resilient infrastructure. Officials, industry representatives, consultants, and technical experts also discussed pilot projects and inclusion of green materials in the State Schedule of Rates to support wider adoption across upcoming projects in Amaravati.Read more

16 May 2026

• The first phase of Pune Metro Line 3 connecting Hinjewadi and Shivajinagar is expected to begin operations by the end of June, subject to mandatory safety clearances.
• Around 12 stations on the 23.2-km elevated corridor are likely to become operational initially, while work on the remaining stations is targeted for completion later this year.
• The corridor is being developed by Pune IT City Metro Rail Limited under a public-private partnership model involving the Tata Group and Siemens.
• Officials stated that trial runs across the full route have already been completed and the project has achieved over 95 per cent physical progress.
• The metro line is expected to improve connectivity between Pune’s central business district and the Hinjewadi IT hub, where large-scale residential and commercial development has taken place in recent years.Read more

16 May 2026

The Centre has approved INR 257 crore under the Urban Challenge Fund to support major infrastructure works in Nashik ahead of the Simhastha Kumbh Mela 2027. The projects, proposed by the Nashik Municipal Corporation, are part of a larger INR 1,900 crore development plan focused on roads, water supply, sewerage systems, river rejuvenation and urban mobility. The funding comes as Maharashtra accelerates preparations for the religious gathering expected to attract millions of devotees. Along with civic upgrades, authorities are also focusing on sustainability, traffic management and long-term urban infrastructure improvements across Nashik and Trimbakeshwar.Read more

16 May 2026

Existing home sales in the United States recorded a slight increase in April, supported mainly by gains in the multi-family housing segment, while single-family home sales remained flat. High mortgage rates, rising inflation and stretched affordability continued to weigh on demand, especially among first-time buyers. Home prices touched a record level for April despite slower annual growth, while housing inventory stayed below pre-pandemic levels. Economists believe the market may continue to face pressure in the coming months as consumer sentiment weakens and borrowing costs remain elevated, limiting a broader recovery in housing activity.Read more

16 May 2026

The Karnataka government has reopened the tender process for the proposed Mangaluru IT Park after the initial round received no bidders. The project, planned on a 3.2-acre KEONICS land parcel in Derebail, Mangaluru, is being developed under a public-private partnership model with a long-term lease structure. The initiative is part of the state’s broader effort to expand IT development beyond Bengaluru under its “Beyond Bengaluru” programme. Despite structured lease terms and planned infrastructure support, the lack of participation has led authorities to invite fresh bids from developers.Read more

16 May 2026

• Saya Homes stated that its Saya Gold Avenue project in Indirapuram is witnessing increased traction amid rising demand for premium housing across the NCR region.
• Residential property values in Indirapuram are gradually approaching INR 15,000 per sq. ft., supported by demand from affluent buyers seeking established urban locations with strong infrastructure and connectivity.
• The developer stated that the project has attracted interest from entrepreneurs, healthcare professionals, startup founders and business families seeking larger homes and lifestyle-oriented residential communities near Delhi.
• Located near NH-9, the high-rise development is positioned within a mature residential micro-market supported by schools, healthcare facilities, retail centres and transport connectivity. The company added that buyer preference is increasingly shifting towards integrated residential ecosystems with wellness amenities and larger living spaces.Read more

16 May 2026

The Bihar cabinet has approved World Bank assistance of about USD 500 million (around INR 4,750 crore) for the Bihar Urban Transformation Programme aimed at strengthening urban infrastructure and planned development in selected cities. The initiative focuses on improving civic services, urban connectivity, and basic infrastructure while supporting structured growth across urban areas. It is part of the state’s broader push for long-term urban planning, better service delivery, and improved living standards, along with continued collaboration with multilateral agencies for infrastructure development.Read more

16 May 2026

Nature-oriented wedding destinations and farmhouse communities near Delhi NCR are increasingly influencing tourism activity and real estate demand along emerging expressway corridors such as the Delhi–Mumbai Expressway. Locations like Naugaon, situated near the Aravalli belt, are witnessing growing interest from families seeking destination-style wedding venues within driving distance of Delhi. Industry stakeholders indicate that buyers and event organisers are increasingly prioritising open landscapes, lower-density environments and experiential gatherings over conventional large-format urban venues. According to Vijay Ram Rattan, Chairman of Ram Rattan Group, demand is shifting towards spaces that combine accessibility, privacy and extended social experiences. The trend is also supporting growth in elevated farmhouse communities, weekend home developments and hospitality-linked real estate formats across peripheral regions connected through new infrastructure corridors.Read more

16 May 2026

The Navi Mumbai Municipal Corporation (NMMC) has directed the Agricultural Produce Market Committee (APMC) administration to strengthen internal sanitation and drainage management at the wholesale market complex in Vashi ahead of the monsoon season. During a joint inspection conducted in the past week, Municipal Commissioner Dr Kailas Shinde reviewed waste handling, drainage cleaning and waterlogging-prone locations within the market premises alongside civic and APMC officials. The commissioner instructed the market administration to prepare vehicle movement schedules to improve waste collection efficiency, increase the frequency of garbage lifting and accelerate drain cleaning operations. The inspection also focused on recurring water accumulation near the fruit market’s western gate, where civic authorities proposed drainage modifications and additional pumping arrangements to reduce monsoon flooding risks at one of Asia’s largest agricultural wholesale markets.Read more

15 May 2026

• Bombay High Court questioned BMC’s demolition of a Malad West structure over alleged procedural lapses under Section 351 proceedings.
• The petition challenges demolition of a 15-room property near Mith Chowky Metro Station in Mumbai.
• The court directed BMC to explain the action, warning that restoration orders could follow if due process violations are established.Read more

15 May 2026

• HG Infra Engineering has secured a highway construction contract worth INR 3,931.11 crore from Welspun Enterprises for a major road project in Maharashtra.
• The project involves six-laning of the Pune–Shirur section of NH-753F, including partially elevated stretches and upgrades to the existing corridor.
• The total project length is around 53.40 km and the company has been given 36 months to complete the construction work.
• The order is expected to strengthen HG Infra Engineering’s order book and improve long-term revenue visibility amid rising highway development activity across India.
• The project is also expected to improve traffic movement and connectivity in one of Maharashtra’s key industrial and logistics corridors.Read more