29 minutes ago

• Uzbekistan offers incentives for fintech, AI and digital infrastructure firms, including preferential tax regimes and special economic zones
• Deputy Minister Shokhrukh Gulamov highlights policy push for joint ventures, public-private partnerships and digital infrastructure development
• India–Uzbekistan trade reached USD 1.317 billion in 2025, rising 33.3 per cent year-on-year with strong import-export growth
• 397 Indian-invested enterprises now operate in Uzbekistan as bilateral investment and connectivity deepen across sectorsRead more

59 minutes ago

Realty firm Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, will invest INR 700 crore over the next three years to develop 1.4 million sq ft of office space in Bengaluru. The REIT, which holds a 46.5 million sq ft portfolio across six cities, is also pursuing acquisitions for inorganic expansion. The company reported strong leasing momentum, 92 per cent occupancy, and rising net operating income, driven largely by demand from global capability centres.Read more

1 hour ago

A sharp rise in US Treasury yields has triggered heavy hedging activity among mortgage-backed securities (MBS) investors, adding pressure to the ongoing bond market selloff. Investors managing mortgage-linked portfolios have been selling Treasury futures to reduce risk as higher interest rates slow refinancing activity and extend the duration of mortgage assets. Analysts said the recent volatility has become more disruptive than previous periods of rising yields due to the growing share of high-coupon mortgages in the market. The Federal Reserve’s quantitative tightening programme has also shifted more convexity risk back to private investors, increasing market sensitivity to rate movements.Read more

1 hour ago

• The Centre has opened a four-month application window for states to seek approval for 50 industrial parks under the BHAVYA scheme.
• The scheme aims to develop plug-and-play industrial infrastructure through partnerships between states and private sector players.
• Industrial parks ranging from 100 to 1,000 acres will receive infrastructure support, with cluster-based manufacturing and regional industrialisation forming the core focus areas.Read more

2 hours ago

• Yatra Online reported a decline in quarterly profit and revenue during the March 2026 quarter amid geopolitical disruptions affecting international travel demand.
• The company stated that uncertainty linked to the West Asia conflict impacted MICE travel, leading to booking deferrals and cancellations.
• Despite short-term pressures, Yatra reported growth in gross bookings, corporate demand and operational performance across air travel and hotel businesses.Read more

2 hours ago

Dalmia Bharat has signed a Business Transfer Agreement through its subsidiary Dalmia Cement (Bharat) Ltd to acquire cement assets of debt-laden Jaiprakash Associates, currently under insolvency proceedings and acquired by Adani Enterprises via a resolution plan. The transaction, valued at an enterprise value of INR 2,850 crore, includes cement plants in Madhya Pradesh and Uttar Pradesh with 5.2 MTPA capacity, 3.3 MTPA clinker capacity and 99 MW of thermal power assets. Post acquisition, Dalmia Bharat’s capacity will rise to 54.7 MTPA.Read more

3 hours ago

• Switzerland will vote on June 14 on a referendum proposing a population cap of 10 million before 2050.
• The proposal is backed by the Swiss People’s Party (SVP) and has raised concerns over immigration and EU ties.
• Rapid population growth in areas like Knonau in Zug has increased pressure on housing and public infrastructure.
• Supporters say rising population levels are affecting living conditions and services in small regions.
• Business groups and the Federal Council warn that the plan could impact labour supply and trade with the EU.Read more

3 hours ago

• Maharashtra government is accelerating development of data centre projects to position the state as a major national hub.
• Chief Minister Devendra Fadnavis reviews MoUs signed at Davos and IT policy-linked investments in Mumbai.
• Senior officials to be assigned responsibility for monitoring project execution to ensure timely completion.
• Navi Mumbai, Mahape, Khalapur and Panvel identified as key data centre and infrastructure development clusters.Read more

4 hours ago

• Cube Highways Trust has announced a distribution per unit of INR 3.57 for the fourth quarter of FY26.
• The total quarterly distribution stands at INR 480 crore comprising interest, dividend, SPV loan repayment and treasury income.
• The InvIT reported growth in consolidated income, EBITDA and operational revenue supported by traffic growth and acquisitions during FY26.Read more

4 hours ago

• RSM US India plans expansion of office space across India, driven by rising demand and talent availability
• Firm currently operates from Gurugram, Hyderabad, Bengaluru and Kolkata with 4 lakh sq ft office space and 3,800 employees
• Leadership highlights India’s growing strategic role in global delivery, moving beyond cost-based outsourcing model
• Company strengthens Global Capability Centre (GCC)-plus positioning across assurance, tax, consulting and shared servicesRead more

5 hours ago

Nagpur Metropolitan Region Development Authority plans to introduce a single-window clearance mechanism for the proposed New Nagpur business district project to streamline approvals and improve ease of doing business within the region. The authority has partnered with Institute of Chartered Accountants of India for implementation support and institutional coordination related to the project framework. Officials stated that the proposed system is intended to reduce approval timelines and facilitate faster processing of permissions linked to commercial and mixed-use developments in the emerging business district. The initiative forms part of broader efforts to position New Nagpur as an investment and business hub supported by integrated urban infrastructure planning.Read more

5 hours ago

Puravankara Ltd has acquired a 14.57-acre land parcel in Bengaluru’s Mandur-Budigere corridor to develop a residential project with an estimated gross development value of around INR 2,300 crore. The project will have a total saleable area of nearly 1.8 million sq ft. A part of the land has been secured through a joint development agreement, while the remaining portion has been purchased outright by the company. The acquisition strengthens Puravankara’s expansion plans in Bengaluru, where demand for large-scale residential developments has remained strong due to improving infrastructure and growing housing demand in emerging micro-markets.Read more

6 hours ago

Kayne Anderson Real Estate has announced the final close of its opportunistic equity fund with total commitments of USD 5.12 billion, surpassing its original target and making it one of the firm’s largest real estate investment vehicles to date. The oversubscribed close reflects continued investor interest in opportunistic real estate strategies despite global market uncertainty and higher borrowing costs. The fund is expected to focus on sectors showing long-term demand and value creation opportunities. Institutional investors, including pension funds and sovereign wealth entities, continue to show interest in diversified real estate platforms with flexible deployment strategies.Read more

6 hours ago

Infrastructure projects valued at INR 150 crore and above have recorded a cumulative cost overrun of INR 5.65 lakh crore, according to the latest monthly report for April from the Ministry of Statistics and Programme Implementation. The report tracks 1,981 ongoing projects across 17 central ministries with a revised cost of INR 42.78 lakh crore against an original estimate of INR 37.12 lakh crore. Total expenditure stands at INR 20.36 lakh crore, about 47.59% of revised cost. Around 40% projects have over 80% physical progress, while 14% show over 80% financial completion, with transport and logistics dominating.Read more

7 hours ago

• Park Medi World Ltd will acquire 100 per cent stake in The Medicity Hospital, Rudrapur, in an all-cash deal worth INR 177 crore.
• The acquisition marks the company’s entry into Uttarakhand, expanding its presence to six states.
• The Medicity Hospital is a 330-bed multi-super speciality healthcare facility serving Rudrapur and nearby regions.
• Park Medi World said the deal aligns with its strategy to expand in high-potential and underserved healthcare markets.
• The transaction reflects the growing consolidation trend in India’s hospital and healthcare sector.Read more

7 hours ago

• Logistea AB repurchased all 712,217 outstanding warrants through a transaction involving newly issued Series B shares.
• The company will issue 123,365 new Series B ordinary shares as part of the settlement process.
• Following the completion of the repurchase offer, no outstanding warrants remain in the company’s capital structure.
• The move is expected to simplify the company’s equity structure and reduce future share dilution risks.
• Similar capital restructuring measures have been increasingly adopted by listed real estate companies to strengthen financial stability and shareholder transparency.Read more

8 hours ago

Kalpataru Ltd has announced a large cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai, with an estimated revenue potential of around INR 1,250 crore. The project includes the redevelopment of five adjoining housing societies spread across 2.8 acres and carries a free-sale potential of nearly 0.37 million sq ft carpet area. The company said the redevelopment is part of its long-term strategy to expand in Mumbai’s redevelopment market, where aging housing societies and limited land availability continue to drive demand for such projects.Read more

8 hours ago

• India’s five listed REITs distributed more than INR 8,900 crore to unitholders during FY26 amid steady demand for commercial real estate assets.
• Over INR 2,566 crore was distributed during the March 2026 quarter to more than 4.25 lakh unitholders, according to the Indian REITs Association.
• The combined gross asset value of India’s REIT market stood at over INR 2.72 lakh crore, while market capitalisation crossed INR 1.70 lakh crore.
• The five listed REITs together manage more than 187 million sq ft of Grade A office and retail real estate assets across the country.
• Industry experts said REITs are emerging as a preferred investment option for domestic and global investors seeking stable and professionally managed yield-generating assets.Read more

9 hours ago

The National Highways Authority of India (NHAI) is planning to widen the Lucknow-Sitapur section of NH-30 from four lanes to six lanes to accommodate rising traffic volumes and improve regional connectivity in Uttar Pradesh. The tendering process for the project is expected to begin by December 2026 after completion of surveys and project planning activities. Officials stated that the highway currently handles more than 40,000 vehicles daily, resulting in traffic congestion and slower movement during peak hours. The widening work is proposed largely within the existing alignment, reducing the need for additional land acquisition.Read more

9 hours ago

• Flipkart and the Department of Posts sign an agreement to enhance last-mile parcel delivery services across India.
• Partnership leverages India Post’s extensive network and Flipkart’s e-commerce logistics infrastructure.
• Services will include prepaid and cash-on-delivery deliveries, OTP-based authentication and real-time tracking.
• Collaboration aims to improve delivery efficiency across urban, semi-urban, rural and remote regions.Read more

10 hours ago

Korea Post has planned a shift in its investment strategy, focusing on AI data centres and residential real estate in developed markets such as the U.S. and Europe. The move comes as its traditional postal business continues to face rising losses from mail and parcel operations. The organisation, which manages over USD 104 billion in savings and insurance funds, is also exploring secondary real estate funds and mid-risk investment products to improve returns. While maintaining a largely conservative portfolio, it is gradually increasing exposure to higher-yield global assets amid market uncertainty.Read more

10 hours ago

• The Central Electricity Authority has notified amendments to the Installation and Operation of Meters Regulations, 2026.
• The revised norms mandate smart meters in areas with communication networks and permit prepaid meters in non-network regions.
• The amendments also introduce updated provisions for open access consumers and advanced metering infrastructure interoperability requirements.Read more

11 hours ago

• Bengaluru West City Corporation has presented a INR 4,732 crore budget for FY2026-27 focused on transport infrastructure, civic amenities and urban development works.
• The budget proposes municipal bonds worth INR 200 crore, major road upgrades, pedestrian infrastructure, parking systems and transit-oriented development projects.
• Key allocations include stormwater drain works, ward road upgrades, sports infrastructure, healthcare projects and LED streetlight modernisation initiatives.Read more

Mumbai News Desk

11 hours ago

The Brihanmumbai Municipal Corporation has begun landscaping and plantation work along the Mumbai Coastal Road project, with plans to plant nearly 60,000 trees across reclaimed open spaces over the next two years. Around 15,000 trees are targeted before the monsoon season, with work underway in Worli and Breach Candy. The initiative is being implemented under a corporate social responsibility programme led by Reliance Foundation to develop gardens, promenades and recreation zones along the corridor. Plantation targets linked to the project were also referenced in a public communication released by the foundation earlier this year, aligning with details cited in civic planning documents and multiple media reports.Read more

12 hours ago

Ashiana Housing has announced an investment of nearly INR 560 crore for a premium residential development in Jaipur. The project, named ‘Ashiana Oma’, is spread across 10.35 acres and is being developed through a joint venture with a revenue-sharing arrangement. The first phase has already been launched and will comprise 280 residential units, while the overall project will include 490 units. The company said the project is aimed at end-user homebuyers looking for spacious homes and lifestyle-focused amenities, reflecting the steady demand for premium housing in Jaipur’s residential market.Read more

12 hours ago

Germany’s housing construction sector saw a sharp slowdown last year, with residential completions falling to their lowest level since 2012. Data released by the country’s statistics office showed that completed residential units declined 18% year-on-year to 206,600 units, marking the second straight annual drop. Rising construction costs, elevated borrowing rates and lengthy approval processes continued to affect new housing activity across the country. Industry experts have called for faster deregulation and policy support, while the government said building permits had started improving and financial support for lower-income housing projects had reached record levels.Read more

13 hours ago

• Thiruvananthapuram International Airport’s expansion project has moved to the environmental clearance review stage before major redevelopment work can begin.
• The proposed expansion includes Terminal 2 redevelopment, parking facilities, commercial spaces and infrastructure upgrades under Project Anantha.
• Delays in the approval process are linked to the expiry of Kerala’s State Environment • Impact Assessment Authority tenure and procedural reviews.
• Adani Airport Holdings is leading the airport modernisation plan to increase passenger handling capacity and improve regional connectivity.
• The airport redevelopment is also expected to support tourism, cargo movement and integration with the nearby Vizhinjam International Seaport.Read more

13 hours ago

Sri Lanka’s stock market ended higher at the close of the latest trading session, supported by gains in real estate, utilities and industrial stocks. The CSE All-Share Index rose 0.43% to settle at 21,929.64, although the benchmark still recorded a weekly decline of 4.3% amid broader market pressure. SMB Finance PLC and Renuka City Hotels PLC emerged as the top gainers during the session. Market turnover and trading volumes also saw a marginal increase compared to the previous session. While foreign investors continued to remain net sellers, domestic investors maintained buying activity, helping support overall market sentiment.Read more

14 hours ago

Delhi’s Public Works Department (PWD) is set to introduce a QR code-based road grievance management system under its ‘Know Your Road’ initiative to improve transparency and public access to road maintenance information. The project will cover nearly 1,400 km of PWD-managed roads across the capital. Citizens will be able to scan QR codes installed on road signboards to check contractor details, maintenance history and complaint status, while also registering complaints directly without downloading an app. The department has approved a tender for the project and plans to begin with a pilot at 100 locations before expanding it across Delhi.Read more

Pune News Desk

15 hours ago

• Kolte-Patil Developers reported a consolidated net loss of INR 38.08 crore for FY26 amid pressure on revenue and profitability.
• The Pune-based real estate developer witnessed a decline in financial performance despite continued activity across residential projects and ongoing launches.
• The company’s results reflect broader sector challenges linked to project execution timelines, cost pressures and changing market conditions across key housing markets.Read more

Lucknow News Desk

16 hours ago

The Lucknow Development Authority (LDA) is planning to redevelop an old residential complex in Indira Nagar with an estimated investment of INR 110 crore as part of its urban redevelopment strategy in Lucknow. The nearly 40-year-old housing complex has witnessed structural deterioration over the years, prompting the authority to replace the existing low-rise buildings with modern high-rise apartments and upgraded civic infrastructure. The project is expected to improve housing conditions, optimise land use and strengthen infrastructure in one of Lucknow’s most established residential areas. The redevelopment also aligns with LDA’s larger focus on modern housing projects and vertical urban expansion across the city.Read more

17 hours ago

Kerala Local Self-Government Minister K M Shaji clarified that the newly elected UDF government has not taken any decision to dismantle the LIFE Mission housing scheme, following allegations raised by the CPI(M). The minister said the government would continue welfare projects that benefit the public while addressing shortcomings wherever required. The clarification comes at a time when the state’s affordable housing sector is closely watching the future of the flagship residential scheme. LIFE Mission has so far delivered more than five lakh houses across Kerala, while over one lakh housing units are currently under construction under the programme.Read more

18 hours ago

• 99acres reported a pre-tax loss of INR 591.5 million in FY26 despite growth in operating revenue.
• Revenue growth across property listings and advertising was offset by spending on brand promotion, technology and expansion.
• The performance was disclosed in Info Edge (India) Limited’s FY26 results amid continued investments across digital platform businesses.Read more

19 hours ago

• Indian Railways is planning a mega tender worth around INR 40,000 crore for procurement of nearly 100,000 freight wagons.
• The proposed tender is aimed at supporting freight capacity expansion, improving logistics movement and increasing rail freight share nationally.
• Wagon manufacturers are expected to benefit from long-term production visibility and higher utilisation of expanded manufacturing capacities.
• The procurement plan aligns with broader railway infrastructure and freight corridor expansion strategies under the National Rail Plan.Read more

Goa News Desk

20 hours ago

The Mapusa Municipal Council has identified 49 dangerous and structurally weak buildings ahead of the monsoon season as part of its annual public safety inspection drive. The survey was conducted to reduce risks linked to old and dilapidated structures during heavy rainfall. Civic officials are expected to issue notices to property owners for repairs, evacuation or demolition wherever necessary. The move comes as several cities across Goa and western India continue to strengthen pre-monsoon building audits following past incidents of building collapses and structural failures during the rainy season.Read more

21 hours ago

• The Uttar Pradesh government has issued fresh allotment letters to companies for projects in the YEIDA region near the upcoming Noida International Airport.
• The proposed developments are expected to attract investments worth nearly INR 6,000 crore and generate around 10,000 jobs.
• The allotments form part of the state’s broader strategy to strengthen industrial, logistics and commercial growth along the Yamuna Expressway corridor.Read more

22 hours ago

• Jaipur residents and urban planners have raised concerns over a new UDH notification allowing wider commercial activities in residential areas across the city.
• Experts believe the move could increase traffic congestion, parking shortages and pressure on civic infrastructure in housing colonies.
• Officials have warned that hotels, shops and commercial establishments in residential zones may affect the planned character of local neighbourhoods.
• The notification has also triggered legal concerns as courts have earlier stressed the need to protect zoning rules and master plan regulations.
• The development comes amid growing scrutiny over commercial misuse of residential properties in Jaipur and other major Indian cities.Read more

25 May 2026

• Jaipur civic authorities issued a 48-hour demolition notice to the owner of a dangerously tilted five-storey building in the Ramganj area.
• Residents living inside and around the structure were evacuated as a precautionary measure due to fears of collapse.
• The incident has renewed concerns over ageing buildings, unauthorized construction, and weak structural monitoring in Jaipur’s old city.
• Officials warned that the administration could carry out the demolition if the owner fails to comply within the deadline.
• Similar incidents involving unsafe residential structures have previously triggered safety concerns in densely populated parts of Jaipur.Read more

25 May 2026

• Indian Railways has approved the INR 993 crore Arakkonam-Chengalpattu doubling project covering nearly 68 km under Southern Railway.
• The project is aimed at easing congestion on Chennai’s suburban rail network while improving punctuality, operational efficiency and train frequency.
• The corridor connects major industrial and manufacturing hubs including Sriperumbudur, Oragadam and Irungattukottai, while also supporting freight movement and the proposed Parandur airport region.Read more

25 May 2026

Sundaram Alternates Assets Limited has achieved the final close of its real estate credit fund at around INR 2,500 crore, including co-investment commitments. The fund has attracted domestic institutional investors, family offices and high-net-worth individuals, and will focus on structured credit financing for residential and mixed-use real estate projects across major Indian cities. The platform plans to target mid-income and affordable housing developments with emphasis on last-mile funding and project completion financing amid tightening conventional lending conditions for developers.Read more

25 May 2026

• Dehradun administration cancelled registrations of 103 homestays during an inspection drive across the district.
• Authorities found violations related to fire safety, guest record management, food licences and illegal commercial usage.
•Several homestays were allegedly operating as hotels, party venues and bars instead of owner-managed residential properties.
• The crackdown was carried out under ‘Operation Safai’ amid rising complaints linked to crime, public nuisance and traffic violations.
• Officials have started removing non-compliant properties from Uttarakhand Tourism listings while inspections continue in other areas.Read more

25 May 2026

Godrej Properties has awarded construction contracts worth around INR 1,100 crore to Tata Projects for three luxury housing projects located on Golf Course Road in Gurugram. The partnership covers core and shell construction work for Godrej Sora, Godrej Astra and Godrej Samaris. The move comes as developers continue to accelerate premium housing launches in key urban markets amid sustained demand for luxury homes. Godrej Properties has been expanding its residential portfolio across major cities including Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad.Read more

25 May 2026

• Spain’s Supreme Court has struck down the national registry created for short-term tourist rental properties listed on platforms such as Airbnb.
• The court ruled that the central government did not have the authority to impose a nationwide registry alongside existing regional systems.
• The registry had required property owners to obtain a registration number before advertising tourist accommodation online.
• Spain has been tightening rules on holiday rentals amid concerns over housing affordability, rising rents and over-tourism in major cities.
• While cancelling the registry, the court upheld the requirement for online rental platforms to continue sharing property data with authorities.Read more

25 May 2026

• Delhi Metro is expected to operationalise three new corridors under Phase IV by December, including extensions of the Magenta and Pink Lines.
• The Aerocity–Tughlakabad corridor will improve airport connectivity and strengthen metro access across south Delhi.
• DMRC has also received approvals for additional Phase IV routes including Inderlok–Indraprastha and Rithala–Narela–Nathupur corridors.
• The Centre earlier approved Phase V(A) projects worth INR 12,014.91 crore to further expand Delhi Metro connectivity.
• The metro expansion is expected to improve daily commuting, reduce road congestion and support residential and commercial growth along new corridors.Read more

25 May 2026

• The Radisson Blu Hotel Nathdwara Stadium is being developed as India’s first integrated cricket stadium hotel project near Udaipur, Rajasthan.
• The development combines an international-standard cricket stadium with a luxury Radisson Blu hotel offering direct stadium-view rooms and hospitality facilities.
• Developed by the Miraj Group, the project is positioned as a sports tourism, hospitality and events destination targeting cricket, weddings and corporate gatherings.
• The integrated complex is expected to strengthen Nathdwara’s positioning beyond pilgrimage tourism through sports and experiential hospitality infrastructure.Read more

25 May 2026

•MMRDA has secured investment commitments worth around USD 40 billion at the World Economic Forum in Davos for projects across the Mumbai Metropolitan Region.
•The proposed investments are expected to support infrastructure, logistics, residential, commercial and economic development initiatives under the Mumbai 3.0 framework.
•Officials stated that the investment proposals are aimed at accelerating regional growth, strengthening connectivity and expanding employment-linked urban infrastructure across MMR.
•Reports indicate that the new city model focuses on integrated infrastructure, decentralised growth and long-term economic development planning for the Mumbai Metropolitan Region.Read more

25 May 2026

Episurf Medical has announced the acquisition of a real estate portfolio from Lilium in a deal valued at SEK 660 million. The portfolio is expected to add annual rental income of SEK 49 million and net operating income (NOI) of SEK 41 million to Episurf Medical’s business. The transaction is likely to be completed in the third quarter of 2026 and will be financed through a mix of a SEK 264 million share issue, a SEK 198 million convertible loan and bank funding. The acquisition marks a notable expansion of the company’s asset base and recurring income stream.Read more

25 May 2026

The Enforcement Directorate (ED) has arrested Punjab-based real estate developer Ajay Sehgal in a money laundering investigation linked to alleged forged consent letters used to obtain Change of Land Use (CLU) approvals for projects in Mohali. The probe involves projects including Suntec City, La Canela and District 7, with transactions estimated at over INR 200 crore. Authorities alleged that fake signatures and thumb impressions of landowners were used during the approval process. The investigation has also expanded to examine the possible role of officials connected to project clearances and land-use permissions in Punjab’s fast-growing real estate market.Read more

25 May 2026

The National Highways Authority of India (NHAI) has signed a memorandum of understanding (MoU) with the Norwegian Geotechnical Institute (NGI), Norway, to enhance technical capabilities in national highway infrastructure development. The partnership focuses on tunnel engineering, slope stability analysis, safety monitoring and infrastructure risk mitigation. Under the agreement, NGI will support feasibility studies, Detailed Project Reports (DPRs), tunnel safety audits and advanced geotechnical assessments. The collaboration will also include the use of InSAR-based slope monitoring and early warning systems. The move comes as India continues to expand highway connectivity in hilly and geologically sensitive regions.Read more

25 May 2026

The Reserve Bank of India infused INR 81,590 crore into the banking system through a three-day variable rate repo (VRR) auction to address tightening liquidity conditions. The funds were injected at a cut-off rate of 5.26 per cent. Although banks’ demand remained below the notified amount of INR 1 lakh crore, participation improved compared to the previous auction conducted this week. Banking system liquidity surplus also saw a sharp decline over the past few days, leading to higher overnight call money rates. Market participants expect the central bank to continue liquidity management measures if pressure on short-term rates persists.Read more