Mumbai News Desk

9 minutes ago

The Dharavi Redevelopment Project is set to provide larger rehabilitation homes to residents of chawls and formal buildings within the notified area. Around 8,700 households are expected to benefit, with flat sizes ranging from 500 sq ft to 754 sq ft. The proposal follows directions from the state government to improve living standards beyond earlier norms. Amendments to planning regulations have been initiated and opened for public feedback. While the move is seen as a step forward, residents continue to raise concerns around relocation, clarity on execution and eligibility criteria.Read more

39 minutes ago

The International Finance Corporation (IFC), part of the World Bank Group, has set a target to increase its annual investments in India to USD 10 billion by 2030, with a focus on renewable energy, urban infrastructure and financial services. Investment levels in India have already risen to around USD 5.4 billion in financial year 2024/2025, compared to about USD 1.3 billion in financial year 2021/2022. India remains IFC’s largest global market with a portfolio of nearly USD 10.3 billion as of the financial year ended June 2025. The institution is also exploring municipal bond-led urban financing models.Read more

54 minutes ago

The Delhi government is preparing to roll out chip-enabled smart cards and a digital cess management portal to improve welfare delivery for construction workers. The initiative aims to simplify registration, reduce duplication, and ensure direct access to benefits such as healthcare, pensions, and education support. It will also strengthen cess collection from developers, which funds these schemes. With about 2.62 lakh active workers and a larger pool of applicants, the move is expected to improve transparency, plug leakages, and expand coverage, especially for migrant and unregistered workers.Read more

1 hour ago

Larsen & Toubro has secured a contract from Oberoi Realty to construct seven high-rise residential towers in Gurugram, marking another addition to its residential portfolio. The order has been awarded to the company’s buildings and factories business vertical, which is also executing multiple domestic projects. Among them is a proving ground facility in Haryana for an international client, aimed at strengthening vehicle testing infrastructure. While the financial details remain undisclosed, the development highlights continued activity in high-rise housing and specialised infrastructure projects across India’s construction sector.Read more

1 hour ago

Sumou Real Estate Company has entered into an infrastructure development agreement in Riyadh with Mashariq Al Arabi, strengthening its role in Saudi Arabia’s expanding real estate sector. The company will oversee development activities and earn management fees linked to project costs. The deal aligns with the Kingdom’s broader urban expansion plans under Vision 2030, where private developers are playing a key role in delivering large-scale infrastructure and residential projects. The agreement highlights Sumou’s continued focus on fee-based income and project management services as part of its growth strategy.Read more

1 hour ago

Noida International Airport has appointed its chief financial officer Nitu Samra as interim chief executive officer with immediate effect after a regulatory requirement mandated that airport CEOs must be Indian nationals. The change comes as the airport continues preparations for commercial operations following its inauguration by Prime Minister Narendra Modi in March this year. Christoph Schnellmann, who had been serving as CEO since August 2020, will now move to the role of executive vice chairman on the board. The interim arrangement will remain in place until a permanent CEO is selected by the board.Read more

2 hours ago

The redevelopment cost of Mangaluru Central railway station has been revised sharply to INR 95 crore from an earlier estimate of INR 340 crore, with the project now set to be executed under the EPC model. The revised plan focuses on core infrastructure upgrades, including platform expansion and improved passenger facilities, while deferring more capital-intensive components. Authorities are also examining additional railway capacity enhancements in the region, including new lines and a potential new station. The revision reflects a recalibration of project scope and funding priorities within Indian Railways’ broader station redevelopment programme, aimed at balancing modernisation goals with cost efficiency.Read more

2 hours ago

Singapore-based Keppel Ltd reported a slight decline in its first-quarter net profit, mainly due to weaker performance in its real estate division. While its infrastructure and connectivity businesses showed improvement, these gains were offset by lower valuation and divestment contributions from property assets compared to last year. The company recorded a 13 per cent rise in asset management fees to SGD 108 million (USD 84.67 million). Keppel also indicated limited direct exposure to Middle East tensions but flagged potential risks to energy security and fundraising if disruptions continue. It has monetised SGD 385 million worth of assets so far this year.Read more

3 hours ago

The Reserve Bank of India has imposed a monetary penalty of INR 80,000 on Muthoot Housing Finance Company Limited for non-compliance with Fair Practice Code directions. The action followed a statutory inspection conducted by the National Housing Bank with reference to the company’s financial position as on March 31, 2025. After reviewing supervisory findings, issuing a show-cause notice, and considering the company’s response and hearing submissions, RBI confirmed that the lender failed to disclose its risk grading approach and justification for different interest rates in loan documentation, leading to regulatory action.Read more

4 hours ago

A Mumbai sessions court has granted anticipatory bail to builder Sumit Jain in a redevelopment-related fraud case linked to a project in Lalbaug. The case stems from allegations of cheating involving flat bookings made over a decade ago, where the complainant claimed non-delivery of promised units. The court noted the presence of a civil dispute element in the matter and held that custodial interrogation was not required at this stage. The order provides interim protection from arrest while the investigation continues. The case highlights ongoing legal scrutiny in redevelopment projects, where disputes over delivery timelines, agreements and financial commitments often lead to criminal complaints alongside civil proceedings.Read more

4 hours ago

The Himachal Pradesh government has launched development projects worth over INR 153 crore in Fatehpur, Kangra district, focusing on connectivity, public infrastructure and utilities. The package includes an INR 103.65 crore bridge over the Beas river, multiple road upgrades and administrative buildings. Additional works cover power infrastructure and public facilities aimed at improving service delivery across the region. The projects are part of a broader push to strengthen rural connectivity and support local economic activity. Alongside the launched works, the government has also announced further investments in tourism infrastructure and power systems, indicating continued public capital expenditure in the region.Read more

5 hours ago

Union Bank of India reported a steady rise in profitability for the March quarter, supported by improved asset quality, even as core income and overall earnings saw a slight decline. The bank’s net profit grew by over 6 per cent year-on-year, while both gross and net NPAs continued to fall. However, lower net interest income and total income indicate margin pressure. The lender has also proposed a dividend for FY 2025–26, subject to shareholder approval. The stock reacted negatively, declining over 6 per cent in intra-day trade.Read more

5 hours ago

The Maharashtra government has approved 18 large-scale projects with a total investment of INR 2.56 lakh crore, expected to generate over one lakh jobs. The projects span sectors such as green energy, electric vehicles, electronics, and defence manufacturing. Cleared by a cabinet sub-committee led by Chief Minister Devendra Fadnavis, the initiative focuses on expanding industrial activity across regions including Vidarbha, Marathwada, and Konkan. The move is part of the state’s continued efforts to attract investments, improve manufacturing capacity, and support balanced regional development.Read more

6 hours ago

IHG Hotels & Resorts has signed a management agreement with Thanishq Grande Hotels & Resorts to develop a 200-key Holiday Inn property in Sriperumbudur, Tamil Nadu. The hotel is scheduled to open in the first quarter of 2029 and will cater to growing demand in a key industrial and commercial hub. The signing marks the third collaboration between the two companies, reflecting continued expansion of IHG’s midscale brand portfolio in India. The company currently operates 51 hotels across six brands in the country and has a pipeline of 89 additional properties planned over the next three to five years, indicating sustained growth in India’s hospitality and commercial real estate sectors.Read more

6 hours ago

Construction has commenced on a temporary cricket stadium in Pomona, Southern California, for the Los Angeles 2028 Olympics, marking the sport’s return to the Games after over a century. The venue will host men’s and women’s T20 competitions with six teams each. The International Cricket Council (ICC) has positioned this as a key step in expanding cricket’s global reach. The ground is also scheduled to host a few Major League Cricket matches in the coming months, indicating early operational use ahead of the Olympics.Read more

7 hours ago

Construction has commenced on the elevated extension of Pune Metro’s Vanaz–Chandni Chowk corridor, marking progress on a key link aimed at improving connectivity to the city’s western entry points. The 1.5 km stretch will include two stations—Kothrud Depot and Chandni Chowk—and is part of the broader Phase II expansion. Initial works such as soil testing, surveys and viaduct extension have begun, with execution planned in phases to minimise traffic disruption. The project is expected to enhance access for residential areas such as Kothrud and Bavdhan, while integrating with existing road infrastructure. The development reflects ongoing efforts to expand metro reach in high-density and rapidly growing urban corridors.Read more

7 hours ago

Godrej Industries Group plans to list two additional businesses over the next five years as part of a strategy to more than double its market capitalisation to over INR 5 lakh crore. The move follows the group’s recent restructuring after the family business split. The group will invest between INR 5,000 crore and INR 7,000 crore in its unlisted businesses while focusing on strengthening existing verticals rather than diversifying. Currently, its three listed entities account for over INR 1.60 lakh crore in market value, with unlisted businesses contributing an additional INR 25,000 crore. The group is also targeting significant expansion in its financial services arm, alongside maintaining steady growth across consumer, real estate and agri businesses through organic strategies and selective acquisitions.Read more

8 hours ago

CIDCO has proposed an Integrated Logistics Park (ILP) spanning around 374 hectares in Navi Mumbai to strengthen the region’s position as a national logistics hub. The project will be developed near Chirle Village in Pushpak Node and will include core infrastructure, utilities and social amenities. The initiative is backed by Navi Mumbai’s proximity to JNPA port, the upcoming Navi Mumbai International Airport, and connectivity through major infrastructure such as the Mumbai Trans Harbour Link and Dedicated Freight Corridor. CIDCO has initiated the pilot phase by inviting bids for 12 plots. The development aligns with rising demand from e-commerce, manufacturing and trade, and aims to create a structured logistics ecosystem to improve cargo movement and attract investments.Read more

8 hours ago

Emirates NBD reported a 3% year-on-year rise in its quarterly profit, marking its first financial update since the recent Middle East conflict. Profit reached 6.4 billion dirhams (USD 1.74 billion), supported by steady deposit growth and a stronger balance sheet. The bank recorded increases in loans, deposits, and total assets, which crossed 1.22 trillion dirhams. However, the lender also took a precautionary impairment charge of 865 million dirhams, reflecting cautious provisioning. Analysts noted potential pressure on growth due to regional uncertainties, although the bank’s financial position remains stable.Read more

9 hours ago

Kotak Mahindra Prime raised INR 7 billion through a bond issuance with a tenure of three years and two months during the past week, as part of ongoing activity in India’s corporate debt market. The non-banking financial company secured bids at an annual coupon of 7.74% and invited commitment bids on the same day. The issuance, rated AAA by CRISIL and CARE Ratings, reflects strong investor appetite for high-grade debt instruments. The transaction comes alongside other issuances in the market, including a planned bond sale by Triumph Composites, indicating sustained momentum in corporate fundraising through debt instruments.Read more

9 hours ago

A consumer forum in Ghaziabad has directed a group of builders to refund INR 7 lakh to a homebuyer after delays in handing over a residential unit. The order follows a complaint citing prolonged non-delivery beyond the agreed possession timeline. The forum held the developers accountable for deficiency in service, reinforcing legal protections available to homebuyers in delayed projects. The ruling adds to a series of recent decisions by consumer courts and regulatory authorities emphasising timely delivery obligations in the real estate sector. It highlights the continued use of legal recourse by buyers amid project delays and strengthens enforcement of contractual commitments by developers.Read more

10 hours ago

Shadowfax Technologies has launched ‘Shadowfax 360’, a self-serve digital logistics platform aimed at small and medium enterprises (SMEs) and direct-to-consumer (D2C) brands. The platform enables businesses to begin shipping operations within minutes without technical integration or minimum order commitments. It provides access to Shadowfax’s network spanning over 15,000 pincodes across more than 2,500 cities, along with features such as flat-rate pricing, AI-led return risk assessment and e-commerce integrations. The move is part of the company’s strategy to diversify beyond large enterprise clients and expand its merchant base among early-stage and online-first businesses, while improving logistics accessibility and efficiency across the digital commerce ecosystem.Read more

10 hours ago

Germany’s private sector recorded its first contraction in nearly a year during the past week, as heightened geopolitical tensions linked to the Iran conflict disrupted economic momentum. Data from S&P Global indicated that the composite Purchasing Managers’ Index (PMI) fell below the growth threshold, reflecting weakening demand across services and manufacturing. The downturn was led by a sharp decline in services activity, while manufacturing growth moderated. Businesses reported rising input costs, cautious customer sentiment, and declining new orders. Inflationary pressures intensified, and business confidence weakened, with employment continuing to decline. The data points to broader economic strain in Europe’s largest economy amid persistent uncertainty and rising energy prices.Read more

11 hours ago

Residents of Mumbai’s gaothan settlements have sought a dedicated INR 300 crore development fund and classification of their homes under MHADA to address long-standing infrastructure gaps and repair needs. The Mumbai Gaothan Panchayat has raised concerns over decades of limited civic funding, highlighting that only 52 of the city’s 189 recognised gaothans are included in the Development Plan 2034. The demand includes access to institutional funding for structural repairs, improved civic infrastructure, and a fast-tracked approval mechanism. Residents argue that current heritage-linked restrictions and lack of financial support have made maintenance of ageing homes increasingly difficult, raising concerns around safety, liveability, and potential displacement.Read more

11 hours ago

360 ONE Asset has acquired a 13% equity stake in a 7.7 million sq ft commercial development in Bengaluru for INR 1,125 crore through its real assets funds. The investment was made via a primary securities issuance by Arliga Ecoworld Business Parks, with an additional commitment of INR 25 crore. Following the transaction, Brookfield India REIT will hold the remaining 87% stake in the asset. The project, Ecoworld, is a large integrated office campus comprising 15 buildings with a mix of commercial and SEZ spaces. The deal reflects continued investor interest in income-generating office assets in key markets, supported by institutional capital participation and stable leasing demand in Bengaluru.Read more

12 hours ago

KP Energy has secured an inter-state electricity trading licence from the Central Electricity Regulatory Commission, allowing it to trade power across state boundaries. The approval enables the company to participate in national power markets and respond more effectively to demand-supply variations across regions. Classified under Category V, the licence marks a step forward in expanding the company’s role beyond power generation into trading. This development aligns with India’s evolving electricity market structure, where greater flexibility and cross-border power movement are being encouraged to improve efficiency and grid stability.Read more

12 hours ago

Real estate developers acquired nearly 900 acres of land for around INR 18,000 crore during the January–March quarter, reflecting sustained demand for residential and commercial projects, according to JLL India. The momentum follows a record 2025, when over 3,093 acres were transacted across 149 deals worth INR 54,818 crore, marking a 32% annual increase. Activity remained concentrated in metro and tier-II cities, with Mumbai recording the highest-value deal in the recent quarter. Industry executives indicated that while land buying remains strong, project execution will require substantial external funding, estimated at INR 52,000 crore. This has opened opportunities for alternative investment funds and private credit players to address financing gaps amid tighter bank lending conditions.Read more

13 hours ago

National Healthcare Properties has raised USD 462 million through its initial public offering in the United States, reflecting continued investor interest in healthcare and senior housing assets. The REIT priced its shares below the indicated range amid volatile market conditions but proceeded with the listing, signalling resilience in defensive real estate segments. With a portfolio spanning 167 properties across 29 states, the company is positioned to benefit from rising demand linked to an ageing population and growing healthcare infrastructure needs.Read more

13 hours ago

The Indore district administration has demolished 12 illegally constructed houses in Khajrana, reclaiming government land valued at around INR 30 crore. The action, carried out earlier this week, covered approximately 30,000 sq ft of encroached land and forms part of an ongoing crackdown on unauthorised occupation of public land. The operation was executed under the direction of the district collector, with support from police and revenue officials to ensure smooth enforcement. Authorities indicated that similar drives will continue across the city to address land encroachments and deter illegal construction activity. The move reflects a broader administrative push to secure public land assets and strengthen regulatory enforcement in urban areas.Read more

14 hours ago

Hawyia Auctions Co CJSC has entered into an agreement with Al-Sulaiman Real Estate to handle exclusive marketing and brokerage services. The deal is expected to strengthen Hawyia’s position in property auctions by improving asset visibility and transaction efficiency. Such partnerships are commonly used in the real estate sector to streamline sales and attract a wider pool of investors. The move also reflects a broader trend where auction firms collaborate with established real estate players to enhance outreach and execution in competitive property markets.Read more

14 hours ago

TCL Solar presented its latest photovoltaic technologies at the Korea Green Energy Expo in Daegu during the past week, highlighting its focus on South Korea’s expanding solar market. The country is projected to reach a cumulative installed solar capacity of 55.7 GW by 2030, with over 5 GW expected annually. The company displayed high-efficiency modules, including TOPCon and Back Contact technologies, alongside lightweight solutions tailored for ageing industrial rooftops. These offerings are positioned to support distributed and floating solar segments, which are driving market growth. The showcase also reflects TCL Solar’s broader strategy to collaborate with local partners and strengthen its presence in the Korean renewable energy ecosystem.Read more

15 hours ago

The Allahabad High Court has stayed land acquisition proceedings for multiple schemes of the Uttar Pradesh Awas Evam Vikas Parishad in Ayodhya, citing concerns over compensation disparities. The court intervened after petitions challenged the use of provisions under the 1965 Act, arguing that landowners would receive lower compensation compared to the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013. A division bench directed authorities to maintain status quo and flagged the need to align benefits with more favourable legal provisions. The matter, involving 11 petitions, highlights ongoing legal scrutiny of land acquisition frameworks and their implications for housing schemes and landowners in Uttar Pradesh.Read more

15 hours ago

Housing projects built under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in Vadodara are facing structural and maintenance-related deterioration, with residents reporting worsening living conditions across multiple sites. Constructed between the mid-2000s and early 2010s for economically weaker sections, over 21,000 units have been impacted by issues such as seepage, faulty drainage, and falling plaster. Concerns have intensified following incidents of structural damage, including one fatality linked to falling ceiling material. While the Vadodara Municipal Corporation (VMC) maintains that core structures remain safe, residents and activists have questioned construction quality and upkeep. The situation highlights ongoing challenges in the long-term sustainability and maintenance of public housing projects across Indian cities.Read more

16 hours ago

Green Gene Enviro Protection and Infrastructure (GGEPIL) has raised INR 90 crore from JM Financial Private Equity, the SRF family office and other investors to expand its environmental infrastructure operations. The company operates in hazardous waste collection, treatment and processing across sectors such as chemicals, pharmaceuticals and automotive. The funding reflects increasing investor interest in waste management businesses amid tightening environmental regulations and rising demand for sustainable disposal solutions. The investment was made through JM Financial India Growth Fund III. The capital is expected to support GGEPIL’s capacity expansion and strengthen its role in converting industrial waste into alternative energy, aligning with broader sustainability and compliance trends.Read more

16 hours ago

Malayan Banking Bhd (Maybank) has announced its decision to relocate its head office to Menara Merdeka 118, one of the tallest buildings globally, located in Kuala Lumpur. The move is part of the bank’s broader effort to modernise its workplace infrastructure and align operations within a centralised, premium commercial space. This transition reflects a growing trend among large financial institutions to consolidate offices in landmark developments, which offer advanced facilities and improved connectivity. The relocation is expected to support operational efficiency and enhance the organisation’s corporate positioning.Read more

17 hours ago

Railway projects worth over INR 90,000 crore are currently under execution in Odisha, reflecting a large-scale push to expand network capacity and improve connectivity. The programme includes new lines, multi-tracking, station redevelopment and freight infrastructure, alongside efforts to extend rail access to all districts. With a record budget allocation of INR 10,928 crore supporting faster execution, the initiatives aim to ease congestion, strengthen passenger and freight movement, and integrate remote regions with the national rail network. Key projects include a proposed four-line coastal corridor and upgrades under the Amrit Bharat Station Scheme.Read more

18 hours ago

Telangana has completed its first land registration incorporating a verified survey map under the Bhu Bharati digital land management system, marking a shift towards map-linked property transactions. The milestone transaction took place in Khammam district as part of a pilot launched earlier this month across five mandals. The reform mandates the inclusion of survey maps and unique land identification numbers for all registrations, aimed at improving accuracy, transparency, and dispute resolution. By integrating land records, surveys, and registration services on a single platform, the state government is attempting to address long-standing issues associated with legacy systems. The initiative is expected to be scaled statewide following the pilot phase, with implications for land governance, real estate transactions, and investor confidence.Read more

19 hours ago

Construction of the proposed greenfield airport at Dagadarthi in Nellore district is expected to commence in the coming months, marking progress in Andhra Pradesh’s aviation infrastructure expansion. Planned over approximately 1,332 acres, the airport will be developed in phases with an initial passenger handling capacity of around 1.4 million annually. The project is being positioned as part of a broader logistics and industrial ecosystem, with proximity to key ports and highways expected to support cargo movement and regional economic activity. Private sector participation is being finalised through an ongoing bidding process.Read more

Delhi News Desk

20 hours ago

Residents in 31 villages in Delhi’s Lal Dora areas are set to receive ownership rights for residential land, enabling formal property recognition and access to institutional finance. The move, highlighted by a South Delhi MP, follows implementation of the SVAMITVA scheme with special approval despite the absence of a panchayat system in the capital. Drone-based mapping of these villages has been completed, and property cards are expected to be issued. The development is aimed at resolving long-standing land title ambiguities in village habitation zones and improving transaction transparency and credit access for residents.Read more

Mumbai News Desk

26 Apr 2026

The demolition of the Haji Noorani building in Prabhadevi is set to remove the final obstruction in the Sewri–Worli Elevated Connector project. The structure, housing 23 occupants, had delayed construction due to rehabilitation concerns. Authorities have already cleared the adjacent Laxmi Niwas building and provided alternate housing to affected residents through MHADA. The 4.5 km connector will link key infrastructure such as the Mumbai Trans Harbour Link and Bandra–Worli Sea Link, with officials now working to meet the September 2026 deadline.Read more

26 Apr 2026

Authorities in Gurugram have cleared over 6,500 unauthorised structures as part of a large-scale anti-encroachment drive across licensed colonies, aimed at restoring right-of-way and public spaces. The enforcement action follows directions linked to regulatory compliance after the Punjab and Haryana High Court’s intervention on construction norms. The drive targeted illegal extensions such as ramps, guard rooms, boundary walls and commercial encroachments across residential sectors. Officials indicated that prior notices were issued, but demolition was carried out where violations persisted. The campaign reflects a stricter enforcement approach to urban planning norms, with authorities seeking to improve road access, infrastructure usability and compliance in one of the NCR’s key real estate markets.Read more

Mumbai News Desk

26 Apr 2026

The Mumbai–Pune Expressway missing link project is in its final stage, with work progressing quickly to meet the May 1 target for opening. The 13.3 km stretch aims to bypass the congested Khandala–Lonavala ghat section and reduce travel time by 25–30 minutes. Major construction, including tunnels and a cable-stayed bridge, is complete, while finishing work such as safety systems, surfacing, and testing is ongoing. Authorities have indicated that the opening will depend on final safety checks and approvals, as some last-mile work is still pending.Read more

26 Apr 2026

Spain has approved a USD 8.23 billion (EUR 7 billion) housing plan aimed at addressing rising housing costs and supply shortages, with a focus on expanding public housing and supporting renters. The programme will be implemented over the next four years and marks a significant increase in government spending on housing. Around 40% of the allocation will be used to expand public housing stock, while 30% will go towards renovation and energy-efficient upgrades, and the remaining funds will support subsidies, particularly for young renters and homebuyers. The plan also introduces provisions to ensure subsidised housing remains permanently protected. The move comes amid growing pressure from rising rents, population growth and supply constraints in key urban markets.Read more

26 Apr 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has enabled its first commercial advertisement shoot on Metro Line 2B, generating INR 20.35 lakh and strengthening its non-fare revenue strategy. Conducted at Mandale station and inside a running metro train, the initiative highlights the growing use of metro infrastructure beyond transport. Non-fare revenue streams, including ads, telecom services and station branding, contributed around INR 81 crore in the past year. With structured policies in place, MMRDA is positioning the metro network as a viable space for commercial and creative activities, while aiming to reduce reliance on fare-based income.Read more

26 Apr 2026

Knight Frank, in its latest global wealth assessment released recently, reported a turning point in commercial real estate (CRE) markets, with USD 144 billion of institutional capital expected to re-enter in 2026. Private investors, including high net worth individuals and family offices, continued to dominate transactions for the fourth consecutive year, deploying USD 464 billion in 2025 compared to USD 347 billion by institutions. The report highlighted that capital allocation is being driven primarily by pricing, income visibility and supply fundamentals rather than geopolitical or regulatory concerns. It further noted recovery trends across office and retail segments, resurgence in European deal activity, evolving investment strategies in Asia-Pacific, and increasing domestic capital participation in India, which has improved market resilience and attractiveness for global investors.Read more

26 Apr 2026

Hindustan Power has secured a 100 MW solar project from Punjab State Power Corporation Limited through a competitive bidding process. The project will be developed in Punjab and will operate under a 25-year power purchase agreement, ensuring long-term revenue stability for the company. It is expected to be commissioned within two years from the agreement’s effective date. The development aligns with Punjab’s push toward clean energy and strengthens Hindustan Power’s presence in the state’s renewable energy sector.Read more

26 Apr 2026

Dharampal Satyapal Group outlined an expanded climate action strategy during the past week, aligning its operations with India’s updated Nationally Determined Contributions (NDCs). The company is developing a comprehensive greenhouse gas (GHG) inventory for FY2024–25, covering Scope 1, Scope 2 and relevant Scope 3 emissions across its value chain. The initiative focuses on decarbonisation, resource efficiency and sustainable sourcing, supported by renewable energy adoption and circular economy practices. The strategy also introduces climate-risk evaluation for future investments. With operations spanning multiple sectors, the move reflects increasing integration of sustainability metrics into corporate decision-making and governance frameworks within India’s industrial ecosystem.Read more

26 Apr 2026

Loom Solar has secured a second land allotment from the Government of Uttar Pradesh to expand its solar and battery energy storage system (BESS) manufacturing capacity. The company has been allotted approximately 33,400 sq. m. of land at the Industrial Model Land Corporation in Meerut, in addition to its existing 7.5-acre facility in Kosi where a 1.2 GW solar module unit is under development. The dual-facility strategy is expected to significantly enhance Loom Solar’s manufacturing footprint and support its multi-GW capacity roadmap. The expansion aligns with India’s broader renewable energy targets and policy push towards domestic manufacturing. With plans to integrate energy storage capabilities alongside solar module production, the company aims to strengthen its role in the clean energy supply chain while contributing to employment generation and industrial growth within the state.Read more

26 Apr 2026

Sattva Group, in partnership with Knowledge Realty Trust and rePurpose Global, has launched a three-year Karnataka Zero Waste Initiative aimed at strengthening waste management systems along the state’s 320 km coastline. The programme targets recovery of 4.5 million kg of waste, integration of 50 coastal villages into formal systems, and connection of over 80,000 households. It also includes livelihood support for 200 waste workers through training and safer working conditions. With plastic accounting for nearly 60 per cent of coastal litter, the initiative focuses on structured, community-led waste handling, improved segregation and processing, and reduction of land-to-sea waste leakage. Implementation will be led by rePurpose Global with support from CARPE, combining operational execution with research-led methodologies.Read more

26 Apr 2026

In a relief to residents of Pragya Nagar in Surat, the civic authority has exempted property tax for households whose homes were demolished as part of a redevelopment exercise. The decision followed complaints from nearly 700 affected families who had continued receiving tax bills despite vacating and losing their homes. The colony, built for economically weaker sections and housing around 3,000 residents, had been cleared due to structural concerns. While the tax waiver addresses an immediate financial burden, residents remain concerned over the absence of rental support and delays in redevelopment. The episode highlights gaps in municipal record updates and the need for better coordination during large-scale housing clearances, particularly in urban redevelopment projects.Read more