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16 Feb 2026
Pace Digitek has secured a 250 MW solar power project combined with a 1.1 GWh battery energy storage system in Karnataka's Pavagada Solar Park. Awarded by Karnataka Renewable Energy Development Ltd under a tariff-based competitive bidding process, the project is intended to supply peak power and improve grid efficiency. The Karnataka Electricity Regulatory Commission has set an interim tariff of INR 5.51 per unit with Viability Gap Funding. This development marks a significant step in the state's renewable energy expansion and reinforces the role of integrated energy solutions in supporting Karnataka's power infrastructure.Read more
16 Feb 2026
Andhra Pradesh Chief Minister N Chandrababu Naidu held a series of meetings with Union ministers in the national capital, pressing for accelerated execution of the Polavaram irrigation project, release of INR 1,211 crore pending under various farm schemes, and expansion of railway infrastructure. He highlighted inter-state water disputes, sought approvals for new irrigation and river-linking projects, discussed organic farming promotion, and pushed for Swachh Andhra's zero landfill initiative. Naidu also acknowledged central support in reviving Vizag Steel Plant and requested continued cooperation for funding and project approvals across key sectors.Read more
16 Feb 2026
State-owned Indian Renewable Energy Development Agency (IREDA) has initiated steps to raise INR 2,994 crore through an equity share issuance, subject to shareholder approval via postal ballot. The proposed fundraising will include participation from qualified institutional buyers and is structured to ensure that the President of India's shareholding is diluted by no more than 3.76 per cent after the issue. The company has indicated that the capital will be used to strengthen its capital base, support onward lending, and meet future business requirements as it evaluates growth opportunities across its operations.Read more
16 Feb 2026
An allegedly unauthorised reinforced cement concrete (RCC) structure on Pune's Baner Hills has continued to stand more than five years after the Pune Municipal Corporation (PMC) issued an order for its demolition, prompting renewed concerns from local residents and environmental groups about delayed enforcement. The structure, located in a zone reserved as a biodiversity park (BDP), was found to have been constructed without civic approval, and a notice was issued at the end of 2020 directing its removal within 30 days. Despite this, the structure which houses a statue remains intact, with activists and citizens groups urging prompt action to address potential safety risks given its proximity to a busy highway. PMC officials have said the matter is currently subject to ongoing court proceedings.Read more
16 Feb 2026
The Uttar Pradesh government has increased spending on infrastructure, industry and textiles in its 2026-27 Budget, with INR 27,103 crore proposed for infrastructure and industrial development and over INR 5,041 crore for handloom and textiles. The Budget focuses on MSME growth, youth entrepreneurship, investment attraction and job creation. Key allocations include funding for industrial area expansion, defence manufacturing, textile schemes and rural industries. The government expects the measures to support manufacturing expansion, employment generation and regional economic activity across the state.Read more
16 Feb 2026
The Union government is expected to grant approval soon for the revised Detailed Project Report (DPR) of the proposed Vizag Metro Rail project, sources said, with an in-principle approval order anticipated within the next few days. Once cleared, the project will be referred to relevant ministries and placed before the Public Investment Board for appraisal and final sanction. The metro scheme, covering approximately 46.23 km with 42 stations across three corridors, carries an estimated cost of INR 11,500 crore. Funding is planned jointly by the Union and Andhra Pradesh governments, each contributing around 20 per cent, while the balance is expected to be raised from international lenders at competitive rates. Tendering activity has already started ahead of formal approval, with the successful bidder likely to be announced once the DPR is finalised. Approval is seen as a key milestone in advancing urban mobility and infrastructure in the city.Read more
16 Feb 2026
Swiss elevator and escalator company Schindler projects modest revenue growth in 2026, as demand improves in Germany and other markets while China continues to struggle under a prolonged real estate slowdown. Weak new installations and overcapacity in China remain a significant challenge after two consecutive years of decline. Growth in the Americas and Asia Pacific, along with operational improvements and cost discipline, are expected to support overall performance. The company also plans to maintain dividends, reflecting a stable financial strategy despite market uncertainties.Read more
15 Feb 2026
The Asian Development Bank has approved an additional USD 182 million loan to strengthen flood and riverbank erosion management in Assam, extending an ongoing programme along the Brahmaputra River. The funding adds to the earlier USD 200 million project approved in 2023 and will cover four more high-risk river stretches. The expanded programme focuses on risk-informed planning, stronger flood protection infrastructure, and improved resilience for vulnerable rural communities that face repeated flooding, land loss, displacement, and damage to livelihoods due to erosion and extreme weather events.Read more
15 Feb 2026
China City Infrastructure Group has reported that one of its subsidiaries has acquired a controlling stake in Shenzhen Shi Zhilian Fei Chuang Technology for HKD 3.3 million. The transaction gives the group a 60 per cent ownership in the Shenzhen-based technology company. The move reflects the company's continued focus on selective investments outside its core infrastructure-linked activities. China City Infrastructure, which has interests spanning property-related assets and diversified investments, has in recent years pursued smaller acquisitions to broaden its portfolio and explore growth opportunities in technology and services.Read more
15 Feb 2026
Concerns have emerged over alleged encroachment within the protected catchment area of the Bisalpur Dam by a private contractor engaged in desilting and dredging work. Environmental activists and local residents claim that land levelling and permanent construction, including proposed weighbridges, are being carried out inside a restricted zone, in violation of contract terms. The state government has acknowledged the issue and said the location of the structures will be examined. Bisalpur Dam is a critical drinking water source for several Rajasthan districts.Read more
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15 Feb 2026
The civil aviation ministry has started a nationwide review of around 400 uncontrolled airstrips following a fatal aircraft crash near Baramati that killed five people, including Maharashtra's deputy chief minister. The move aims to examine safety infrastructure, operational procedures and coordination at airstrips that operate without air traffic control. The Directorate General of Civil Aviation has also begun special safety audits of select charter and non-scheduled operators to identify compliance gaps and recommend corrective measures to strengthen aviation safety oversight.Read more
15 Feb 2026
The Bhubaneswar Development Authority (BDA) has come under sharp criticism after it approved a building plan for a structure that was previously marked for demolition, prompting public outrage and demands for accountability. Local activists and residents said the decision raised questions about transparency and administrative oversight in the city's land-use planning processes. Critics highlighted broader concerns over illegal and unauthorised structures in Bhubaneswar, noting that a large number of constructions have been identified without proper approval, while enforcement actions have been uneven. Urban governance experts linked the controversy to longstanding issues of building plan regulation and planning authority coordination. The authorities are now facing calls to review the approval process and ensure stricter adherence to planning norms amid ongoing challenges in controlling unauthorised development in the Odisha capital.Read more
15 Feb 2026
Cochin International Airport Ltd has commissioned the first phase of its Aero Park at Nedumbassery, marking a shift towards building an integrated aviation services hub alongside passenger operations. Spread across 36 acres, the initial development involves infrastructure investment of about INR 101 crore and is expected to generate nearly 5,000 jobs through direct and indirect employment. The phase brings together aircraft maintenance, training, business facilities and specialised safety infrastructure, with further expansion planned through an IT Park and an Aero City in the coming phases.Read more
15 Feb 2026
The Maharashtra government has been directed by an arbitrator appointed by the Bombay High Court to pay INR 691 crore to India Debt Resolution Company Ltd (IDRCL) in a dispute linked to the Sion Panvel toll road project. The award relates to compensation claimed after the state terminated the concession and took over toll collections without sharing revenue with lenders. The ruling marks a significant recovery for IDRCL, which had acquired the stressed debt at a much lower value, and highlights unresolved issues in terminated road concession projects.Read more
15 Feb 2026
Mormugao Port Authority has approached the central government for around INR 1,300 crore to fund key infrastructure upgrades at the port. The plan includes redeveloping the unused Berth 9 into a modern multi-cargo facility and deepening the approach channel and berth pockets to allow larger vessels. A proposal worth about INR 750 crore for the berth upgrade has already been submitted, while a separate dredging proposal is being readied. The port has sought full funding support, citing limited internal resources.Read more
15 Feb 2026
Wagle Estate is fast emerging as Thane's answer to Bandra Kurla Complex (BKC), undergoing a major transformation from an industrial MIDC zone into a vibrant commercial and lifestyle-driven micro-market. Established in 1962 as a manufacturing hub, the precinct is now witnessing rapid infrastructure upgrades, metro connectivity, cluster redevelopment and the addition of Grade-A office towers alongside premium residential projects. The integration of workspaces with retail, dining, and wellness amenities is reshaping its identity into a mixed-use urban hub. With improved connectivity to Mumbai and Navi Mumbai, and growing demand for live-near-work housing, Wagle Estate is positioning itself as a self-sustained business and residential cluster driving Thane's next phase of urban growth.Read more
15 Feb 2026
The Navi Mumbai Municipal Commissioner, Dr Kailas Shinde, has directed stricter enforcement of air pollution control measures, with a specific focus on construction sites across the city. During a comprehensive review meeting with departmental heads, the commissioner assessed the implementation of pollution mitigation norms, encroachment control, sanitation services, tax recovery and digital governance systems. Officials were instructed to conduct physical inspections of construction sites to ensure compliance with standard operating procedures and to take firm action against violations, including issuing notices and halting work where required. The review also covered sanitation drives, public toilet maintenance, property tax and water charge recovery, and the promotion of online payment systems. The commissioner further emphasised faster grievance redressal, improved internal workflows, and closer coordination with elected representatives to support holistic urban development in Navi Mumbai.Read more
15 Feb 2026
Sattva Group has formally entered the Mumbai Metropolitan Region with six residential and commercial redevelopment projects spanning more than 8 million sq ft of construction area. Secured through competitive evaluation processes, the projects are spread across Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex vicinity. The portfolio is expected to deliver over 2,500 rehabilitation homes and more than 2,000 new residences, with an estimated gross development value of around INR 11,000 crore. Construction is scheduled to commence in 2026, with phased deliveries extending until 2032. The move aligns with Mumbai's accelerating redevelopment cycle, driven by ageing housing stock and evolving regulatory support under proposed refinements to DCPR 2034.Read more
15 Feb 2026
Deteriorating air quality in Mumbai is increasingly influencing how occupiers and investors evaluate office real estate, shifting focus from conventional specifications to health performance and building intelligence. Against this backdrop, Superb Realty has announced Superb Altura, a Grade A mixed-use commercial development at the Amar Mahal junction in the Chembur - Ghatkopar corridor. The project is positioned around integrated building systems that continuously monitor and optimise indoor air quality, energy use and operational efficiency. With outdoor pollution becoming a structural urban challenge rather than a seasonal concern, developers are embedding resilience and wellbeing into core design. Altura reflects this transition, combining real-time environmental controls, operational automation and GRIHA-aligned sustainability measures, as office assets increasingly need to protect occupant health while maintaining long-term performance and regulatory relevance.Read more
15 Feb 2026
Dubai's residential real estate market is evolving into a dual-track structure, where homes increasingly function as lifestyle assets rather than conventional housing, according to Talal M. Al Gaddah, CEO and Founder of luxury brand Keturah. He said the market is moving away from high-volume, speculative development towards purpose-led, wellness-integrated projects focused on long-term liveability. As the sector matures in 2026, standard residential supply is expected to face slower absorption and compressed margins, while experience-driven developments are likely to outperform. Demand, he noted, is consolidating around projects that emphasise privacy, quality, sustainability and community, supported by Dubai's stable regulatory environment and rising interest from global investors seeking capital preservation and lifestyle integration.Read more
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