23 minutes ago

Akasa Air has entered into a strategic collaboration with Noida International Airport to establish an aircraft maintenance, repair and overhaul (MRO) facility within the airport premises. The initiative aims to strengthen India's aviation infrastructure and support the development of a domestic MRO ecosystem. The facility will handle a wide range of aircraft maintenance activities and is expected to improve operational efficiency while creating employment opportunities and promoting skill development in the region. The project also comes as India's aviation sector expands rapidly and seeks greater self-reliance in maintenance services.Read more

53 minutes ago

The Union government has extended the implementation period of Pradhan Mantri Awas Yojana Urban (PMAY-U) 2.0 until September 30, 2026, allowing more time to complete houses under construction and release funds for pending projects. The scheme aims to support the housing needs of nearly one crore urban families over five years. Minister of State for Housing and Urban Affairs Tokhan Sahu informed Parliament that the extension would help states and implementing agencies finish ongoing projects smoothly. The programme continues the Centre's push to expand affordable housing access for economically weaker and low-income families in urban areas.Read more

1 hour ago

Sweden-based Prisma Properties AB has acquired a retail property in Lahti, Finland, as part of its strategy to strengthen its presence in the Nordic discount retail segment. The acquisition was completed at a property value of about EUR 9.6 million. The asset is fully leased on long-term agreements with a lease duration of around 11 years and generates an annual rental income of about EUR 750,000. The deal aligns with the company's focus on investing in retail properties anchored by discount operators across the Nordic region. The acquisition further expands Prisma's portfolio in Finland, a market where the company has been gradually increasing its investments.Read more

1 hour ago

Managed workspace provider COWRKS, part of Brookfield Properties, has leased 80,000 square feet of office space in Bellandur, Bengaluru to fintech company Cashfree Payments for its new corporate headquarters. The facility will accommodate around 800 desks within the managed office environment. The transaction adds to COWRKS expanding portfolio of flexible office spaces across major Indian cities. The company currently operates 45 centres across eight cities, with a total leasable area exceeding 2.1 million square feet and more than 26,500 desks under management. The leasing comes amid sustained demand for Grade-A office spaces and flexible work environments, particularly from technology companies and global firms establishing global capability centres across India's leading office markets.Read more

2 hours ago

Electricity demand from India's expanding data centre sector is projected to reach 13.56 gigawatts (GW) by 2031-32, according to information provided by the Ministry of Electronics and Information Technology in Parliament. Responding to a question in the Rajya Sabha, Minister of State for Electronics and IT Jitin Prasada stated that national data centre capacity has grown significantly in recent years, rising from about 375 megawatts (MW) in 2020 to roughly 1,500 MW by 2025. The anticipated surge in power demand reflects the rapid growth of artificial intelligence infrastructure and large-scale data processing facilities across the country. The government indicated that this rising energy requirement is already being factored into national power planning, while initiatives under the AI compute capacity framework are also expanding access to computing resources for startups, researchers and academic institutions.Read more

2 hours ago

The Karnataka government has approved industrial investment proposals worth INR 4,824.31 crore across 37 new projects and two expansion proposals during the 158th meeting of the State Level Single Window Approval Committee. The projects are expected to generate about 14,525 employment opportunities across 13 districts including Vijayapura, Bagalkote, Chitradurga, Kolar and Ramanagara. According to the state industries department, the approved investments cover a range of sectors such as IT infrastructure, technical textiles, compressed biogas, aerospace, electronics manufacturing, jewellery production, software services and hospitality development. Of the total approvals, 22 large and medium projects involve investments exceeding INR 50 crore, while 15 projects fall in the INR 15-50 crore range. The approvals form part of the state government's strategy to expand industrial capacity and attract investments across multiple districts.Read more

3 hours ago

Major homebuilders in the United Kingdom have raised concerns that the ongoing conflict involving Iran could further strain the housing market, which is already facing weak demand and affordability challenges. Rising oil and energy prices are expected to increase the cost of construction materials, while higher mortgage rates may make it harder for buyers to purchase homes. Developers such as Berkeley Group, Vistry, Persimmon, Taylor Wimpey, and Barratt Redrow have highlighted risks to demand, profitability, and construction costs. Although some indicators show early recovery in sales enquiries, geopolitical tensions and economic uncertainty continue to affect the sector's outlook.Read more

Gurugram News Desk

3 hours ago

The Department of Town and Country Planning (DTCP), Gurugram, carried out a demolition drive targeting several illegal colonies and unauthorised structures across multiple locations in the city as part of its enforcement action against unapproved real estate developments. During the operation conducted in the past week, officials demolished colonies and early-stage construction works in areas including Sadhrana village, Bhondsi and Sector 89. Structures removed during the drive included damp-proof course foundations, boundary walls, partially constructed buildings and internal road networks created to support illegal plotting activities. The enforcement action, supported by local police, is aimed at preventing unauthorised colonies being carved out on agricultural land without planning approval and curbing misleading plot sales to unsuspecting buyers. Authorities said such colonies typically lack civic infrastructure and violate planning regulations, and warned that strict action will continue against illegal development activities in Gurugram.Read more

4 hours ago

The Fifth State Finance Commission in Karnataka has recommended allowing property owners to pay property tax through monthly EMI-style instalments instead of a single annual payment. The proposal aims to reduce the burden of lump-sum payments and improve compliance among taxpayers in Bengaluru and other urban local bodies under the Greater Bengaluru Authority. The commission has also suggested measures such as door-to-door property surveys, digital verification through e-khata records, drone mapping and voluntary disclosure schemes to identify unassessed properties. Officials estimate that nearly 5 lakh properties remain outside the tax net, and bringing them under assessment could generate around INR 700 crore annually.Read more

4 hours ago

GMR Airports Ltd has secured the concession to upgrade, modernise and operate Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi following a competitive bidding process conducted by Delhi International Airport Ltd (DIAL). The development comes nearly ten months after DIAL terminated its cargo concession agreement with Turkish firm Celebi under directions from the civil aviation ministry. According to a regulatory filing, the project will be implemented under a revenue-share arrangement with DIAL and will run until 2036. The company estimated a revenue share payment of around INR 340 crore to DIAL during the first full year of operations. GMR Airports had been handling cargo terminal operations on an interim basis since the termination of the earlier concession agreement, ensuring continuity of services at the country's busiest airport.Read more

5 hours ago

Bengaluru-based real estate developer Brigade Enterprises Ltd has announced its entry into the industrial real estate segment with the launch of a 25-acre industrial park in Devanahalli, North Bengaluru. The proposed development, titled Brigade Industrial Park, will offer around 2 million square feet of leasable space aimed at high-growth sectors such as aerospace and defence, IT and IT-enabled services, and data centres. The company did not disclose the investment required for the project. In a separate development, the company's managed workspace subsidiary BuzzWorks has leased 550 office seats to Dublin-based regulatory technology firm MyComplianceOffice in Hyderabad, taking BuzzWorks total leased office footprint in the city to approximately 1.1 lakh square feet. Brigade Enterprises continues to expand its presence across multiple real estate segments including residential, commercial and hospitality projects.Read more

5 hours ago

Chinese property developer Fantasia Holdings has presented detailed terms of its offshore debt restructuring as it attempts to address about USD 4.66 billion in liabilities. The Shenzhen-based firm plans to settle creditor claims through a mix of new equity, mandatory convertible bonds and long-term secured notes. The proposal also includes conversion of a shareholder loan into equity and a fresh loan injection from its controlling shareholder. Fantasia had defaulted during the wider crisis in China's real estate sector in 2021. The restructuring plan forms part of ongoing efforts by several Chinese developers to stabilise finances and reach agreements with creditors.Read more

6 hours ago

The Government of Odisha has initiated a 10-day statewide road safety campaign aimed at curbing traffic violations and reducing the rising number of road accidents across the state. The initiative, led by the State Transport Authority, is scheduled to run from March 21 to March 31 and will combine enforcement actions with public awareness activities coordinated by regional transport offices. The drive will focus on common violations such as over-speeding, drink driving, triple riding on two-wheelers, riding without helmets, wrong-side driving and operating vehicles without valid licences. Authorities have instructed transport officials to intensify checks along national highways, state highways, mining corridors, urban arterial roads and accident-prone stretches. The campaign will also involve coordination with local police to conduct inspections and awareness programmes intended to improve compliance with traffic regulations and enhance road safety across Odisha.Read more

6 hours ago

Dar Al Majid Real Estate Company has increased its credit facility to SAR 684.5 million to support the expansion of its real estate business and the development of upcoming projects. The additional funding is expected to strengthen the company's financial capacity and help accelerate construction and project delivery. The move reflects the developer's focus on expanding its project pipeline and meeting growing demand in the property sector. Companies in the region have increasingly been using credit facilities and bank financing to support development activity, particularly as real estate markets in Saudi Arabia continue to see investment and infrastructure growth.Read more

7 hours ago

Shipwaves Online has secured a logistics digitalisation order worth INR 15.6 million from Hindalco Industries. The contract involves implementing digital solutions aimed at improving logistics management and operational efficiency within Hindalco's supply chain. The move highlights the growing adoption of technology-driven systems by large manufacturing companies to streamline freight tracking, documentation, and logistics coordination. Hindalco, one of India's major metals producers and part of the Aditya Birla Group, has been increasingly focusing on digital transformation across its operations. The project is expected to support more transparent and efficient logistics processes within the company's supply network.Read more

Ludhiana News Desk

7 hours ago

The Ludhiana Municipal Corporation has introduced a doorstep property tax collection service to make payments easier for residents and improve recovery of pending dues. Under the system, civic teams equipped with handheld POS machines will visit residential and commercial properties to assess and collect tax on the spot. The corporation has deployed 48 machines across four municipal zones and allows payments through cash, cards, UPI, bank drafts, and digital transfers with instant receipts. Officials said the move is aimed at recovering pending payments and helping the civic body reach its annual property tax target of INR 160 crore.Read more

8 hours ago

The Telangana government has initiated plans to develop ring roads around major district headquarters as part of a broader strategy to improve road connectivity and reduce congestion within urban centres. Chief Minister A. Revanth Reddy directed officials from the Roads and Buildings Department to prepare feasibility studies and detailed plans for the proposed corridors during a recent review meeting on road infrastructure. The proposed ring roads are intended to link district headquarters with nearby national and state highways while diverting through-traffic away from city cores. Officials have been asked to examine existing road alignments that could be integrated into the ring road network and prepare comprehensive proposals under the state's long-term road sector development strategy. The initiative forms part of Telangana's wider efforts to strengthen inter-district connectivity and support economic activity through improved transport infrastructure.Read more

8 hours ago

Gera Developments has appointed Rajesh Yashwant Shirwatkar as its new Chief Financial Officer to strengthen the company's financial leadership as it expands its real estate operations. Shirwatkar will oversee financial planning, strategy, treasury, compliance, and governance. At the same time, Swapan Mukherjee has been elevated to the position of Group Chief Financial Officer and will supervise financial operations across the broader organisation. The leadership changes are aimed at strengthening the company's financial structure and improving oversight as the Pune-based developer continues to scale its residential development portfolio.Read more

9 hours ago

The administration of Donald Trump has introduced two executive orders aimed at improving housing affordability in the United States by reducing regulatory barriers in residential construction and reviewing rules affecting mortgage lending. The measures are intended to address high home prices and elevated mortgage rates that have made homeownership difficult for many buyers, particularly first-time purchasers. Federal agencies have been directed to review permitting, environmental requirements, and lending rules that may slow housing supply or restrict credit. The move forms part of the government's broader economic agenda as political attention on housing affordability increases ahead of the midterm elections.Read more

9 hours ago

Several flyovers across Delhi are showing visible signs of structural deterioration, including cracks on road surfaces, potholes, damaged expansion joints and general wear caused by ageing infrastructure and heavy traffic loads. Authorities have identified at least 17 flyovers across the capital that require repair and maintenance to address safety concerns. Many of these elevated structures were built more than two decades ago as rapid interventions to ease congestion at key intersections and corridors. Over time, increased traffic volumes, delayed maintenance and ageing construction components have contributed to their current condition. Engineers and officials have indicated that repairs, inspections and structural audits will be required to maintain commuter safety and ensure the continued functioning of these transport links, which carry a substantial share of the city's daily vehicular movement.Read more

10 hours ago

The Prayagraj Municipal Corporation has approved a 40% rebate on house tax for residential buildings that are more than 20 years old within the municipal limits. The decision was passed during a municipal house meeting and will be implemented from April 2026. Eligible property owners will receive the rebate automatically without submitting any application. The move is expected to benefit residents living in older neighbourhoods where many structures have crossed two decades. During the same meeting, the civic body also revised its 2025-26 budget, increased allocations for water services, and proposed a one-time settlement scheme to recover long-pending property tax dues.Read more

Indore News Desk

11 hours ago

The Indore Municipal Corporation is implementing an INR 416 crore river rejuvenation project to prevent untreated sewage from entering the Kanh river, a tributary that ultimately feeds into the Kshipra river in Ujjain. The initiative is being undertaken under the Namami Gange programme to ensure improved water quality ahead of the Simhastha Kumbh Mela scheduled in 2028, which is expected to draw millions of pilgrims. The project includes the construction of three sewage treatment plants, installation of new sewer networks using trenchless technology, and monitoring infrastructure to manage wastewater flows across the city. Civic authorities are accelerating construction and have directed contractors to increase labour and machinery deployment where progress has lagged. The project is intended to stop polluted discharge from Indore's waterways so that cleaner water flows into the Kshipra during the large-scale religious gathering.Read more

12 hours ago

A quarterly meeting of the Grievance Redressal Committee (GRC) was recently conducted at the headquarters of Andhra Pradesh Capital Region Development Authority in Rayapudi to review complaints and operational issues related to ongoing development works in the capital region. The meeting was chaired by Deputy Collector and Grievance Redressal Mechanism nodal officer P. Jayashree and attended by grievance officers and member secretaries from various committees. Discussions focused on labour welfare, wage-related complaints, safety awareness for residents and students, and compliance with traffic and operational guidelines at project sites across Amaravati.Read more

16 Mar 2026

The Vijayawada Municipal Corporation (VMC) has approved a proposal to establish electric vehicle (EV) charging stations at major road junctions, municipal parking spaces and other high-footfall locations across the city. The decision was taken during a recent municipal council meeting chaired by Mayor Rayana Bhagya Lakshmi, with civic officials stating that the initiative aims to support the growing adoption of electric mobility in Vijayawada. The project will identify suitable locations across the city where EV charging infrastructure can be installed to serve private vehicle owners, commercial fleets and public transport users. Authorities indicated that the rollout will align with national and state programmes promoting electric mobility, including the Smart Cities Mission, AMRUT and the FAME India scheme. The initiative is intended to strengthen urban charging infrastructure and facilitate wider EV adoption within the city's transport network.Read more

Chennai News Desk

16 Mar 2026

Chennai has introduced a premium low-floor electric air-conditioned bus service operated by the Metropolitan Transport Corporation (MTC), marking a new category of reserved-seat urban public transport in the city. The service, launched in the past week by Tamil Nadu's Transport and Electricity Minister S. S. Sivasankar, begins operations with electric buses running on two major routes linking key transport nodes and the IT corridor. Initial services include Route P91 connecting Kalaignar Centenary Bus Terminus, Kilambakkam, with Thiruvanmiyur, and Route P570S between Koyambedu's Chennai Mofussil Bus Terminus and Siruseri IT Park. The premium buses require advance seat reservations through a mobile application and do not permit standing passengers. Authorities stated that the initiative aims to offer a more comfortable and predictable commuting option while encouraging a shift from private vehicles to cleaner public transport modes.Read more

16 Mar 2026

The government is reconsidering tenders for 1 GW of wind energy projects due to lower than expected industry interest and rising steel prices, a crucial material for project construction. MNRE is engaging with the World Bank and think tanks to create a roadmap for investment in wind energy. Alongside, the ministry is preparing a new policy to promote small hydro projects up to 25 MW. Financial assistance for solar component manufacturing, such as ingots and wafers, is also under consideration, reflecting a comprehensive approach to boost renewable energy development in India.Read more

16 Mar 2026

The Punjab government has earmarked INR 1,000 crore in the state budget to strengthen urban infrastructure through the Municipal Development Fund (MDF), marking a substantial increase from the previous allocation. The funding will be made available to urban local bodies across the state to support the creation and upgrading of civic infrastructure such as roads, water supply systems, sewerage networks, drainage, sanitation and solid waste management. State officials indicated that the enhanced allocation is intended to help municipalities address growing pressure on civic services caused by urban population growth and expanding city limits. A portion of the fund will also be used for the operation and maintenance of water supply and sewerage infrastructure to ensure continued service delivery. The initiative forms part of Punjab's broader urban development strategy aimed at improving municipal infrastructure and service efficiency.Read more

16 Mar 2026

A group of investors has alleged financial fraud amounting to approximately INR 1.56 crore in connection with a commercial investment scheme linked to the World Trade Centre (WTC) GIFT City Tower-C development in Gujarat. The complaint, registered by the Gujarat CID (Crime) in the past week, claims investors were persuaded in 2021 to purchase commercial units in the project with assurances of a 1% monthly return, a buyback guarantee after two years, and a 12% bonus. According to the complaint, investors initially received monthly payouts for nearly a year, which reinforced confidence in the scheme. However, payments reportedly stopped in 2022, and cheques issued for repayment of the principal and bonus were later dishonoured. Investigators are now examining financial transactions, agreements and the involvement of company representatives connected to the project.Read more

16 Mar 2026

Puravankara Limited's associate, KVN Property Holdings LLP, has obtained registration from the Karnataka Real Estate Regulatory Authority (KRERA) for the new residential project Northern Lights by Puravankara KVN in the Hitech, Defence and Aerospace Park area of North Bengaluru. The approval covers all three phases of the development and clears an important regulatory step required to start marketing and sales. The project is expected to be officially launched soon, adding to the company's expanding housing portfolio in Bengaluru, a city that continues to see strong demand for residential space.Read more

16 Mar 2026

Housing sales across the primary residential markets of India's 50 major cities declined by 3 per cent in 2025 to about 6.14 lakh units, even as the overall transaction value increased 16 per cent to INR 8.46 lakh crore, according to a joint report released by industry body CREDAI and research firm Liases Foras. The report attributes the increase in sales value to rising demand for premium and luxury housing segments, which have gained prominence in recent years. Homes priced above INR 1 crore accounted for a significant share of total sales value, reflecting changing buyer preferences and higher property prices. The study also noted that metropolitan regions continue to dominate housing sales, although Tier II cities are gradually emerging as important markets supported by infrastructure development and expanding employment hubs.Read more

16 Mar 2026

The Telangana government has distributed house site pattas and sanctioned homes under the Indiramma Housing Scheme to 412 families affected by demolitions on Bhoodan land in Velugumatla village in Khammam district. The beneficiaries were identified after a verification survey conducted following an eviction drive. Out of the total beneficiaries, 311 landless families will receive house sites and homes in Velugumatla, while 101 families will construct houses in their native villages. The government also plans to build a planned residential colony with civic amenities and complete the housing construction by December 9.Read more

16 Mar 2026

Delhi-NCR based real estate developer Gaurs Group reported sales bookings worth INR 5,347 crore during the first nine months of FY2025-26, marking a 12 per cent increase compared with INR 4,786 crore recorded during the same period of the previous fiscal. The company sold around 5.92 million square feet of property across 2,578 units between April and December of the ongoing financial year, with residential developments contributing nearly 95 per cent of total bookings. Company officials attributed the performance to sustained demand for planned residential developments in the National Capital Region. Gaurs Group, which is currently unlisted but is considering a future initial public offering, has developed more than 100 million square feet of real estate and delivered over 75,000 homes across 70 projects. The company continues to expand its development pipeline, particularly along the Yamuna Expressway corridor.Read more

16 Mar 2026

Asas Makeen Real Estate Development and Investment Co has entered into a development agreement with Awa'id Al-Hada Co to build a residential villas project in the Al-Hada district of Riyadh. The contract is valued at SAR 63.1 million. Under the agreement, Asas Makeen will act as the project's real estate developer and will oversee the planning, management, and execution of development works. The partnership reflects continued residential development activity in Riyadh as the Saudi capital expands housing supply amid population growth and urban expansion driven by the country's broader economic diversification plans.Read more

Mumbai News Desk

16 Mar 2026

A Liberia-flagged oil tanker, Shenlong, carrying Saudi Arabian crude oil arrived in Mumbai after safely crossing the Strait of Hormuz, a key global oil transit route that has been under heightened security concerns. The vessel transported about 135,335 metric tonnes of crude and docked at the Jawahar Dweep terminal off Mumbai's coast for unloading. The shipment is considered significant as it was among the first crude deliveries to India through the strait after regional tensions disrupted shipping activity. The cargo will be processed at refineries in eastern Mumbai, supporting India's energy supply that relies heavily on West Asian crude imports.Read more

Indore News Desk

16 Mar 2026

Property guideline rates in Indore are likely to increase significantly as the district administration prepares a revision for the upcoming financial year. Authorities have proposed merging 533 property registration locations to reduce discrepancies in valuation and simplify the registration process. The change may lead to rate increases in nearly 3,000 locations, with some areas seeing hikes of up to 200%, especially in developing outskirts and villages along infrastructure corridors. Officials say the move will help prevent revenue loss and improve transparency, though the city has already seen a nearly 10% decline in property registrations due to rising prices.Read more

16 Mar 2026

New Zealand's housing market recorded moderate price growth recently, with the median home price rising on a monthly and annual basis, according to data released by the Real Estate Institute of New Zealand. Sales activity also increased compared to the previous month, although annual growth remained marginal. Major regions such as Auckland saw their strongest February sales levels in about five years. Despite stable demand, homes are taking longer to sell as buyers and sellers wait for favourable prices. Market observers are also watching interest rate trends and global developments that could affect buyer confidence.Read more

16 Mar 2026

Godrej Properties has acquired a 44-acre land parcel in Coimbatore to develop a premium plotted residential project with an estimated revenue potential of around INR 450 crore. The project will offer housing plots with a developable potential of about 1.1 million square feet. The company secured the land through an outright purchase but has not disclosed the acquisition cost. The development is part of the company's strategy to expand plotted developments in high-growth cities across India. Coimbatore's stable economic base and strong end-user demand have been key factors influencing the company's entry into the market.Read more

16 Mar 2026

Radisson Hotel Group has signed four new Park Inn & Suites properties in Roorkee, Meerut, Asansol, and Airoli, aiming to meet the growing demand for quality midscale hospitality in emerging cities. The properties are expected to open within the next three years. Radisson operates over 200 hotels in India, with more than half in tier II and III cities. Hilton has also expanded in India by opening its first Hilton Garden Inn in Goa at Calangute, marking the brand's debut in the state. Both moves highlight strategic growth in response to evolving business, leisure, and social event travel demands.Read more

Mumbai News Desk

16 Mar 2026

A special CBI court in Mumbai has transferred a cheating case involving around INR 140 crore against Guruashish Construction Pvt Ltd and its directors Rakesh Wadhawan and Sarang Wadhawan to a magistrate's court after corruption charges under the Prevention of Corruption Act were dropped. The decision followed a Central Bureau of Investigation probe which found no involvement of public servants in the alleged fraud related to a loan from Union Bank of India. Since special CBI courts handle cases involving public officials, the matter will now proceed before a magistrate's court for further trial under criminal law provisions.Read more

16 Mar 2026

Visakhapatnam Port Authority has achieved a milestone, handling over 85 million tonnes of cargo in 345 days, the highest in its 92-year history. The port aims to reach 90 million tonnes this year and 100 million tonnes in 2026-27, reflecting strong operational growth. Alongside cargo achievements, the VPA has launched a major three-year dredging and beach nourishment project worth nearly INR 83 crore to support coastline conservation and prevent erosion at key areas, including RK Beach, in coordination with the state government.Read more

16 Mar 2026

India's Tier II and Tier III cities are expected to lead the next phase of growth in the residential property market as affordability pressures in major metropolitan regions begin to affect housing demand, according to a report by real estate consultancy Square Yards. The report noted that a sharp rise in property prices between 2022 and 2024 has reduced home affordability in large urban centres such as the Mumbai Metropolitan Region, Pune, Bengaluru, Delhi-NCR, Hyderabad, Chennai and Kolkata. Limited supply of affordable and mid-income housing in these markets has further constrained buyer participation. In contrast, smaller cities are witnessing stronger price-to-income alignment and lower entry ticket sizes, creating a more accessible homeownership environment. The consultancy expects housing demand in the coming years to be more geographically diversified and driven largely by end-user demand linked to employment growth beyond metropolitan areas.Read more

16 Mar 2026

Maharashtra is reviewing the inclusion of first floor slum residents in the Slum Rehabilitation Authority (SRA) schemes, addressing a long-standing gap where only ground floor occupants are currently eligible. State minister Shambhuraj Desai said the matter will be discussed with the Chief Minister and Deputy Chief Ministers. Lawmakers highlighted that many families have lived on first floors for decades, and excluding them could affect the city's slum free objectives. Officials also noted that agreements between builders and these residents are not legally enforceable under current rules.Read more

16 Mar 2026

Real estate developer DLF Ltd has reported property sales worth about INR 5,250 crore to non-resident Indian (NRI) buyers during the first nine months of FY2025-26, accounting for roughly one-third of its total sales bookings during the period. According to the company's investor presentation, DLF recorded overall pre-sales of INR 16,176 crore between April and December of the current financial year, with NRI buyers contributing around 32.5 per cent. The share of overseas buyers has increased significantly in recent years, supported by demand for premium residential projects launched by the developer in markets such as Gurugram, Mumbai and the Chandigarh tri-city region. Industry estimates suggest NRI buyers typically account for about 10-15 per cent of housing sales in major Indian property markets, indicating a comparatively higher share in DLF's projects.Read more

16 Mar 2026

Texton Property Fund Ltd recorded a 31.06% decline in half-year headline earnings per share, bringing EPS down to 7.09 cents for the six months ended December 2025. The board chose not to declare an interim dividend, continuing its cautious financial strategy. Market pressures, including slower leasing activity and higher interest rates, have constrained rental income growth, affecting profitability. The company's approach reflects ongoing efforts to maintain liquidity and a strong balance sheet while navigating the challenges of the property sector, focusing on long-term stability rather than short-term payouts.Read more

16 Mar 2026

The National Highways Authority of India (NHAI) has revised the FASTag Annual Pass fee to INR 3,075 for the financial year 2026-27, increasing the charge by INR 75 from the current INR 3,000. The revised rate will come into effect from April 1 and applies to eligible non-commercial vehicles using national highways and expressways. Introduced in August 2025, the annual pass allows private vehicle owners to make toll payments through a one-time annual fee covering either one year of usage or up to 200 toll plaza crossings. The facility is currently available across approximately 1,150 toll plazas on national highways and national expressways and has been adopted by more than 56 lakh users. The revision has been implemented in accordance with the National Highways Fee (Determination of Rates and Collection) Rules, 2008.Read more

16 Mar 2026

India's real estate sector is steadily moving from traditional practices to a technology-driven ecosystem, with the PropTech segment projected to reach about USD 3.79 billion to USD 4.29 billion by 2030. In this evolving environment, PropTech Pulse has positioned itself as a knowledge-focused digital platform aimed at improving transparency and decision-making in property transactions. The platform combines data tools, market insights, verified listings, and financing assistance to support developers, investors, lenders, and homebuyers. By prioritizing access to verified information and educational resources, the platform seeks to address long-standing trust issues that have affected India's property market for decades.Read more

16 Mar 2026

Services on a newly opened stretch of the Delhi Metro Rail Corporation network were disrupted after signalling cables were stolen from the track section between Bhalswa and Majlis Park. Nearly 1,000 metres of cable were removed, affecting the signalling system and forcing trains to run at restricted speeds, leading to delays for commuters. The corridor had become operational only days earlier as part of the Delhi Metro expansion. Police arrested one suspect and recovered burnt cable pieces during the investigation, while authorities began restoration work and increased surveillance along vulnerable sections of the route.Read more

16 Mar 2026

Nanded in Maharashtra's Marathwada region is set to become a significant hub for helicopter manufacturing with a planned investment of INR 4,250 crore. Announced by BJP Rajya Sabha MP Ashok Chavan this week in the state assembly, the project will include production, assembly, and spare parts units, along with engineering, maintenance, and repair services. It is expected to generate 1,800-2,000 direct jobs and numerous indirect employment opportunities. The project aligns with India's national focus on domestic aerospace manufacturing and regional industrial development, aiming to strengthen supply chains and local economic growth.Read more

16 Mar 2026

Star Air has expanded its regional aviation network by improving connectivity to Kolhapur in Maharashtra and Belagavi in Karnataka. The airline has launched a daily direct flight between Belagavi and Mumbai while strengthening Kolhapur's air links with cities such as Mumbai, Ahmedabad, Bengaluru, Kishangarh, and Indore. The move is aimed at improving access to important industrial and business centres in western and southern India. Along with the new routes, Star Air plans to increase its weekly flight operations from 455 to around 550 flights in the summer schedule to meet the growing demand for regional air travel.Read more

16 Mar 2026

ACME Solar Holdings subsidiary has secured two long-term power purchase agreements with SJVN for 450 MW of dispatchable renewable energy. The projects, awarded through tariff-based competitive bidding, will connect to ISTS substations and utilize night-time solar capabilities in Rajasthan. ACME Solar will provide four hours of guaranteed peak power during non-solar periods with high availability. This latest agreement adds to 1,690 MW of PPAs signed in the current financial year, taking the company's total signed capacity to 6,270 MW.Read more