06 Jan 2026

Sri Lotus Developers and Realty Ltd has secured a redevelopment project in the Lokhandwala area of Andheri in Mumbai, as disclosed earlier in the week by Reuters. The announcement reflects the company's continued focus on redevelopment work in the city's western suburbs, where it has built a strong presence over the past decade through multiple residential and commercial projects. This new engagement adds to its pipeline following a high profile IPO and other ongoing developments in premium areas like Juhu and Versova. The signing signals ongoing investor confidence in Sri Lotus's strategy and execution capabilities in Mumbai's competitive real estate market.Read more

06 Jan 2026

New Consolidated Construction Company Ltd (NCCCL) has secured a construction contract valued at INR 112.5 crore from Lodha Developers for a residential project in Alibaug near Mumbai. The mandate covers the construction of Tower 1 along with associated non-tower ancillary structures, spanning a total built-up area of approximately 7.26 lakh sq ft. Awarded through a competitive bidding process, the project is scheduled to commence around mid-January 2026 with an execution timeline of nearly 24 months. This marks NCCCL's third collaboration with the Lodha Group, reinforcing its position as a trusted construction partner for large-scale residential and commercial developments across the Mumbai Metropolitan Region.Read more

06 Jan 2026

S Raheja concluded 2025 with the sale of an ultra-luxury penthouse at its Evergreen project on Perry Road, Bandra, for INR 62.81 crore. Registered on December 15, 2025, the transaction highlights sustained demand for rare, high-value residences in Mumbai's prime luxury micro-markets. The penthouse spans a RERA carpet area of 4,583 sq. ft., translating to an effective price of approximately INR 1.37 lakh per sq. ft. Acquired by members of the Singh family, founders of Alkem Laboratories, the deal underscores the continued preference among India's business elites for bespoke, low-density homes in established neighbourhoods.Read more

05 Jan 2026

Nisus Finance Services has announced that its subsidiary, NCCCL, has secured a construction mandate worth INR 1.13 billion for a residential tower. The project adds to NCCCL's residential execution portfolio, though details on location and timelines have not been shared. The mandate highlights ongoing momentum in residential real estate development and supports revenue visibility for the group's construction business. Nisus Finance Services has been active in real estate investments and project execution, with a focus on urban housing and structured development opportunities.Read more

04 Jan 2026

The Lucknow Development Authority (LDA) has introduced a new digital system called FastPass to significantly reduce the time required for approving building plans. The initiative allows eligible residential and small commercial projects to receive instant approvals through an online self-certification process. By removing the need for routine physical inspections, the system aims to cut delays, improve transparency, and reduce applicant interaction with officials. FastPass is part of LDA's broader effort to modernise approval mechanisms and streamline compliance under updated building bylaws.Read more

Mumbai News Desk

02 Jan 2026

Realty firm The House of Abhinandan Lodha (HoABL) has sold 1,419 apartments worth around INR 640 crore in the first phase of its housing project The Great Western in the Mumbai Metropolitan Region, highlighting strong demand for affordable homes. Developed in partnership with Mittal Builders at Naigaon, the project attracted over 8,800 applications, far exceeding available units. One-bedroom homes were priced at INR 32.9 lakh and two-bedroom units at INR 49.9 lakh. The company conducted the entire booking and allotment process online and plans to launch the second phase in February.Read more

02 Jan 2026

Chhattisgarh Chief Minister Vishnu Deo Sai has said that several long-pending infrastructure and energy projects in the state are now being completed in a time-bound and effective manner through the IT-based PRAGATI monitoring platform. He highlighted that projects such as the modernisation of the Bhilai Steel Plant and the NTPC Lara Super Thermal Power Project have gained renewed momentum due to real-time tracking, inter-agency coordination and continuous reviews under PRAGATI. According to the Chief Minister, the platform reflects a result-oriented governance approach and has strengthened energy security, industrial growth and employment generation in Chhattisgarh.Read more

01 Jan 2026

NTPC has commissioned close to 14 MW of solar capacity at its Khavda project in Gujarat through a step-down subsidiary, lifting the group's total installed and commercial capacity to 85,637 MW. The 13.98 MW addition is part of the larger 1,255 MW Khavda-I Solar PV Project being developed under the CPSU Scheme Phase-II, Tranche-III. Executed by NTPC Renewable Energy Ltd, a subsidiary of NTPC Green Energy Ltd, the project adds momentum to NTPC's ongoing expansion in utility-scale renewable energy.Read more

31 Dec 2025

The Himachal Pradesh Cabinet approved a world-class township at Shitalpur near the Chandigarh border, transferring about 3,400 bigha of land to the housing department. It also amended state RERA rules to improve transparency and dispute resolution. Healthcare capacity was strengthened through new nursing and medical faculty posts, while a multidisciplinary university was cleared in Bilaspur under a public-private model. Social welfare coverage was expanded under the Sukh Aashray Yojna, alongside approvals for pastoral livelihood projects, dairy infrastructure, CBSE school sub-cadres and incentives for qualified medical faculty.Read more

31 Dec 2025

Sunview Group Bhd has proposed the acquisition of a 50 MW solar photovoltaic power generation plant for RGT 70 million, marking another step in its renewable energy expansion. The move is aimed at increasing installed capacity and strengthening the group's portfolio of income-generating assets. Sunview has been involved in solar project development and construction for several years and has gradually shifted toward owning operating assets. The proposed deal supports its long-term strategy of securing stable revenue while benefiting from Malaysia's growing focus on utility-scale solar power.Read more