17 minutes ago

• Kalpataru Projects International reported its highest-ever annual revenue and profit growth for FY2025-26 driven by strong execution across infrastructure businesses.
• The company recorded improved profitability, reduced debt levels and healthier cash flow management during the financial year.
• KPIL’s order book remained strong with new project wins across transmission, buildings, oil and gas and urban infrastructure segments.
• The board has recommended a dividend for shareholders following the company’s improved operational and financial performance.Read more

47 minutes ago

Home Invest Belgium reported EPRA earnings of EUR 4.32 million for the first quarter of 2026, supported by high occupancy levels and a largely residential portfolio. The company said the fair value of its real estate portfolio stood at EUR 969.15 million at the end of March 2026. Residential assets continued to dominate its holdings, accounting for 91.7% of investment properties available for rent. The occupancy rate remained strong at 98.3% during the quarter. Looking ahead, the company expects EPRA earnings per share for 2026 to rise to EUR 1.23 or remain stable compared to EUR 1.21 recorded in 2025.Read more

1 hour ago

The Enforcement Directorate has approached police authorities in multiple states to ensure protection for homebuyers and witnesses linked to the Ocean Seven Buildtech Pvt Ltd case involving promoter Swaraj Singh Yadav. The action follows complaints of threats, intimidation, and coercion reported during a recent bail hearing in a money laundering investigation tied to alleged misuse of funds in affordable housing projects. Victims told the court that they were being pressured to withdraw statements, while some also faced alleged false FIRs. The court directed immediate protection measures, prompting coordinated action by the ED with law enforcement agencies.Read more

1 hour ago

Mortgage rates in the United States moved higher in the past week, with the average 30-year fixed home loan rate rising to 6.56%, according to data released by the Mortgage Bankers Association (MBA). The increase came as rising oil prices, uncertainty around the Iran conflict and concerns over inflation pushed U.S. Treasury yields upward. Home loan demand weakened during the same period, with mortgage applications falling to a five-week low. Markets are also closely watching the upcoming leadership change at the Federal Reserve, although investors largely expect interest rates to remain elevated amid continuing inflation concerns.Read more

2 hours ago

Suzlon has secured a repeat 195 MW wind energy order from Sunsure Energy, strengthening its position in India’s renewable energy sector. With this order, Suzlon’s 3 MW platform has reached nearly 9 GW in total sales, reflecting continued market adoption. The partnership between both companies now stands at around 300 MW across Maharashtra and Karnataka. Suzlon’s orderbook in Karnataka has crossed 2 GW, while its installed base in the state is 1,500 MW. The project includes installation of 65 wind turbine generators along with execution and long-term operations and maintenance services.Read more

3 hours ago

JSW Cement Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by strong cement and GGBS sales growth. The company posted a profit of INR 361.65 crore compared to INR 16.21 crore in the year-ago period, while revenue from operations also increased. Sales volumes across cement and slag segments remained strong during both the quarter and FY26. Despite the quarterly growth, the company reported a higher annual net loss due to exceptional financial expenses. JSW Cement also approved a new capacity expansion project at its Nagaur plant in Rajasthan to strengthen its production footprint in North India.Read more

4 hours ago

• The Enforcement Directorate (ED) has sought police protection for homebuyers and witnesses linked to the money laundering probe against Gurugram-based Ocean Seven Buildtech Pvt Ltd and promoter Swaraj Singh Yadav.
• Several buyers told a Delhi court that they were facing threats, intimidation and pressure for cooperating with the investigation.
• The ED has written to police authorities in Delhi, Haryana and Rajasthan after the court directed interim protection for complainants and witnesses.
• The case is linked to alleged irregularities in affordable housing projects, including arbitrary cancellations, re-allotments and diversion of homebuyer funds.
• Haryana’s DTCP has also been informed about alleged financial misappropriation and fund diversion by the company.Read more

5 hours ago

Adani Realty, Reliance Industries Limited, Macrotech Developers and JSW Group are among firms that have submitted bids for redevelopment projects spanning 206.49 acres across three MHADA layouts in Mumbai. The projects cover SVP Nagar in Andheri West, Bandra Reclamation in Bandra West and Adarsh Nagar in Worli under MHADA’s Construction and Development Agency model. The cluster redevelopment projects aim to modernise ageing housing colonies and upgrade infrastructure, though the proposals are facing legal challenges and opposition from several resident groups and housing societies.Read more

6 hours ago

• The Union Ministry of Road Transport and Highways has sanctioned over INR 11.6 crore for two underpass projects on NH-66 in Mangaluru.
• Around INR 7.1 crore has been approved for a light vehicular underpass at the accident-prone Baikampady Junction.
• Another INR 4.5 crore has been cleared for an underpass near KIOCL Junction and Kulur Bridge to improve traffic flow towards Tannirbhavi and MSEZ.
• The projects are aimed at reducing congestion, improving road safety and supporting industrial and port-related traffic movement in Dakshina Kannada.
• The approvals come after port-area roads in the region were transferred to NHAI to speed up infrastructure development works.Read more

7 hours ago

Rail Vikas Nigam Ltd (RVNL) has received approval from Bidhannagar Police to begin construction work on a crucial 120-metre viaduct gap on VIP Road for Kolkata Metro’s Orange Line project connecting New Garia and the airport. The pending work near Kaikhali and Haj House had remained delayed for a long period because of traffic movement concerns and construction permissions. The latest approval comes shortly after progress at Chingrighata, where another important viaduct gap was bridged on the corridor. With multiple pending sections now moving ahead, authorities are looking to speed up construction on the remaining stretches of the Kolkata Airport Metro route.Read more

8 hours ago

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 1 lakh crore to improve liquidity conditions in the banking system after surplus funds declined sharply in recent weeks. The move comes as GST-related outflows pushed overnight money market rates higher and reduced surplus liquidity levels. The central bank has already conducted multiple VRR auctions this month to ensure stable short-term funding conditions for banks. Despite these measures, recent auctions have seen muted participation from lenders, reflecting cautious liquidity management across the banking sector.Read more

9 hours ago

The first Delhi section of the Delhi-Mumbai Expressway between DND Flyway and Jaitpur is expected to be completed within the next few weeks, according to Union Road Transport and Highways Minister Nitin Gadkari. The stretch is part of the larger DND-Faridabad-Sohna access-controlled corridor and is expected to ease congestion for commuters travelling from Noida, East Delhi and South Delhi towards Haryana and western India. The project is also expected to improve connectivity to the upcoming Noida International Airport at Jewar through a separate under-construction link road. Officials said the corridor is part of a broader Delhi-NCR decongestion and mobility improvement plan.Read more

10 hours ago

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency resolution process (CIRP) petition filed by Indiacrete Ready Mix Pvt. Ltd. against Theme Developers Pvt. Ltd. under the Insolvency and Bankruptcy Code (IBC). In its order, the tribunal approved commencement of CIRP against the developer and appointed an Interim Resolution Professional (IRP) to oversee the insolvency proceedings. The tribunal also imposed a moratorium on legal proceedings and directed public announcement of the insolvency process in accordance with IBC provisions. According to the order, the operational creditor was instructed to deposit INR 3 lakh towards initial CIRP-related expenses, including issuance of public notices and claim invitation procedures.Read more

24 May 2026

• The Maharashtra Coastal Zone Management Authority (MCZMA) has scaled down a proposed luxury housing project in Nerul to seven towers after examining Coastal Regulation Zone (CRZ) related concerns.
• The project came under regulatory scrutiny during the coastal clearance review process, with authorities assessing development impact and permissible construction norms.
• The decision highlights increasing regulatory oversight on large real estate projects proposed near environmentally sensitive coastal and creek-side zones in the Mumbai Metropolitan Region.Read more

24 May 2026

• A commercial tower proposal has emerged as part of the development plan for Mulund salt pan land linked to the Dharavi Redevelopment Project (DRP).
• The proposed project includes one commercial building, free-sale residential towers and rehabilitation housing for Dharavi residents.
• The development forms part of nearly 256 acres of salt pan land across Mulund, Kanjurmarg and Bhandup being developed by Navbharat Mega Developers Pvt. Ltd., in which the Adani Group holds an 80 per cent stake.Read more

24 May 2026

Uttarakhand is set to get its first construction and demolition (C&D) waste processing plant in Dehradun as the state moves to improve scientific waste management and reduce illegal dumping of debris. The proposed facility will process waste generated from construction, renovation and demolition activities and convert it into reusable materials. The move is expected to support cleaner urban development and reduce pressure on landfill sites. The project also comes amid growing concerns over unmanaged C&D waste in urban areas and follows earlier state-level efforts to strengthen solid waste management infrastructure in Dehradun and nearby cities.Read more

24 May 2026

Karjat is gradually transitioning from a weekend-home and leisure destination into a potential first-home residential market as infrastructure development, improving connectivity and expanding social infrastructure reshape buyer interest across the Mumbai Metropolitan Region. Industry stakeholders indicate that projects such as the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, the proposed Virar-Alibaug Multimodal Corridor and the Panvel-Karjat suburban rail corridor are expected to significantly improve accessibility over the coming years. Compared to Mumbai and Navi Mumbai, Karjat continues to offer lower residential costs, larger living spaces and lower-density surroundings, attracting first-time buyers, hybrid-working professionals and families seeking long-term liveability. Developers and industry bodies believe the region could evolve into a major residential growth corridor within the next five years.Read more

24 May 2026

• ANAROCK Capital estimated that India’s real estate sector may require nearly INR 50 lakh crore capital by 2036.
• The report stated that affordable housing remains significantly underfunded despite rising urbanisation and housing demand.
• Residential real estate is expected to account for a major share of the projected capital requirement.
• The report highlighted the need for alternative funding, deeper debt markets and higher domestic and global investor participation.Read more

24 May 2026

Fujiyama Power Systems has announced plans to set up a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, aimed at expanding its domestic production capacity. The company currently operates a 1 GW Mono PERC solar cell plant in Dadri, Uttar Pradesh. The Ratlam unit is expected to begin commercial operations in Q1 FY2028, with an estimated investment of INR 350 crore funded through debt and internal accruals. The expansion focuses on backward integration, cost efficiency and ensuring supply of DCR-compliant solar cells. The company is also part of MNRE ALMM-II list and targets growing rooftop solar demand.Read more

24 May 2026

Yuexiu Property has proposed the issuance of CNY1.6 billion worth of 3.40% guaranteed green notes due in 2029 as part of its funding and debt management strategy. The company said the proceeds from the bond issue will primarily be used to refinance offshore debts that are set to mature within the next one year. The move comes at a time when several Chinese developers continue to focus on improving liquidity positions and extending debt maturities amid ongoing pressure in the real estate sector. Yuexiu Property has remained relatively active in capital markets compared to several peers.Read more

24 May 2026

Redseer Strategy Consultants has projected that India’s knowledge-economy office market could witness nearly 79 million sq ft of incremental office demand between CY2025 and CY2030 as artificial intelligence adoption reshapes enterprise workplace strategies. According to the firm’s report titled AI and the Future of Flexible Workspaces, AI-led hiring across global capability centres, large enterprises and AI-native startups is expected to accelerate demand for managed and flexible workspaces focused on collaboration, agility and specialised infrastructure. The study estimates that India’s flexible workspace stock has already expanded from nearly 33 million sq ft in CY2020 to over 103 million sq ft in CY2025, while approximately 82% of surveyed enterprises plan to increase flex workspace adoption over the next two years.Read more

24 May 2026

New Zealand Rural Land Company has approved an unimputed cash dividend of 1.34 New Zealand cents per share for the first quarter. The decision was announced during the past day as part of the company’s regular shareholder payout process. The company, which focuses on owning and leasing rural land assets across New Zealand, has continued to maintain periodic dividend distributions amid steady demand for agricultural and horticultural land in the country. The latest dividend declaration reflects the firm’s ongoing commitment to returning value to shareholders through quarterly cash payouts.Read more

24 May 2026

Property transactions in Belagavi have been significantly impacted following the implementation of mandatory e-khata requirements and changes to Karnataka’s Kaveri 2.0 registration platform, leading to delays in registrations, khata transfers and sale deed processing due to technical and procedural issues. BJP MLA Jagadish Shettar has sought urgent state government intervention, highlighting the difficulties faced by property owners, developers and document writers amid the ongoing transition to digital property record systems.Read more

24 May 2026

Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited and Jharkhand Bijli Vitran Nigam Limited, has started trial operations of its second 800 MW unit at the Patratu Super Thermal Power Project in Jharkhand. With this addition, the project’s installed capacity has reached 1,600 MW, while NTPC group capacity has crossed 90 GW. A major share of generated power is allocated to Jharkhand to support demand from industries and households. The project uses ultra-supercritical technology and is part of NTPC’s ongoing capacity expansion in eastern India.Read more

24 May 2026

Investore Property has indicated that it currently plans to pay a cash dividend of 6.50 NZ cents per share for FY27, according to its FY26 annual results released recently. The announcement comes as the New Zealand-based property company continues to focus on income distribution and portfolio stability amid changing market conditions. Investore Property, which owns and manages large-format retail properties across New Zealand, has historically maintained a steady dividend policy backed by long-term tenant leases and occupancy levels. The company’s latest update gives investors an early indication of expected shareholder returns for the upcoming financial year.Read more

24 May 2026

• HCBS Developments Limited has partnered with Jindal Stainless to use ‘Jindal Infinity Stainless Steel Rebars’ in its Twin Horizon residential project in Gurugram.
• The rebars are being deployed for diaphragm wall and raft foundation applications due to their corrosion resistance and suitability for high groundwater conditions.
• The 5.29-acre project will comprise two residential towers with 268 housing units and seven commercial spaces.
• Architectural design for the project is being handled by Morphogenesis, while construction execution is being undertaken by Krishna Buildestates Private Limited.
• The developer said excavation and diaphragm wall work for Tower West has been completed, while similar work for Tower East is currently underway.Read more

24 May 2026

India’s Global Capability Centre (GCC) ecosystem is expected to undergo significant expansion over the next decade, with projections indicating the country could host between 8,000 and 9,000 centres by 2040, contributing nearly USD 450 billion annually to the economy. The sector, traditionally associated with business process outsourcing and IT support, is increasingly evolving into a strategic innovation and research hub for multinational corporations. Industry stakeholders indicate that GCCs are now driving activities including artificial intelligence, cybersecurity, engineering design, cloud services, sustainability initiatives and advanced analytics. The next phase of growth is also expected to extend beyond established metropolitan centres into Tier-2 and Tier-3 cities, influencing commercial real estate demand, infrastructure development, digital connectivity and regional economic expansion across India.Read more

24 May 2026

• DoLR and ADB held discussions on strengthening land governance, digital land records and watershed management in India.
• Talks focused on technical assistance, policy support and knowledge sharing to improve land administration systems.
• Government highlighted progress under Digital India Land Records Modernisation Programme (DILRMP), with near-complete digitisation of Records of Rights in several states and Union Territories.
• Around 66% of agricultural land parcels have been assigned Unique Land Parcel Identification Numbers (ULPINs), also known as “Bhu-Aadhaar”.
• Both sides discussed future cooperation in climate resilience, geospatial systems and data-driven land management.Read more

24 May 2026

Growing infrastructure development, urban expansion and increasing regulatory transparency are driving renewed investor interest in land as a long-term wealth creation asset alongside traditional investments such as gold and equities. Industry stakeholders stated that organised plotted developments and improved accessibility to land ownership are attracting both first-time and experienced investors across emerging growth corridors. The discussion around asset allocation has also intensified following Prime Minister Narendra Modi’s recent remarks urging restraint in non-essential gold purchases to help conserve foreign exchange reserves. Real estate and financial sector participants noted that while gold continues to serve as a defensive asset and equities offer higher growth potential, land investments are increasingly being viewed as a relatively stable, inflation-resistant asset class supported by infrastructure-led urbanisation and rising demand in peripheral markets surrounding major cities and Tier II locations.Read more

24 May 2026

A delegation led by British Deputy High Commissioner G. Van Owen visited Amaravati to review the progress of the Andhra Pradesh capital city project and explore potential investment opportunities. During the visit, officials from the Andhra Pradesh Capital Region Development Authority (APCRDA) briefed the delegation on the city’s infrastructure plans, sustainability initiatives and ongoing construction activities. The team also toured key project sites including the government complex towers and riverfront development areas. Discussions further focused on investment potential across education, healthcare, tourism and urban infrastructure sectors, with officials highlighting that several institutions have already begun operations in Amaravati.Read more

24 May 2026

Thomas Cook India and SOTC Travel have highlighted growing consumer interest in tea-inspired experiential tourism across India as travellers increasingly seek nature-led, wellness-oriented and culturally immersive domestic holidays. The companies have curated plantation-focused travel experiences across destinations including Munnar, Darjeeling, Assam, Nilgiris, Palampur and Wayanad. According to the companies, tea tourism is evolving beyond plantation visits into a broader experiential segment combining wellness, heritage, adventure travel and slow-living experiences. The trend reflects increasing demand for domestic travel experiences centred around local culture, nature, sustainability and regional storytelling.Read more

24 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted a workshop focused on developing Amaravati as an accessible and inclusive capital city. The session brought together more than 80 architects, planners, engineers, consultants, accessibility experts and government officials to discuss universal design, inclusive infrastructure and barrier-free urban planning. Experts from institutions including LV Prasad Eye Institute, Surbana Jurong, DP Architects Singapore and Ekansh Trust shared global practices and practical solutions for accessible public spaces. The workshop also included an access audit exercise and discussions on creating equitable urban systems for people of all ages and abilities.Read more

24 May 2026

• Keturah has cited government-led policy support and changing buyer preferences as key drivers behind the rapid expansion of wellness-focused real estate developments in the UAE.
• A report released by the Global Wellness Institute stated that wellness real estate accounted for more than 12% of total construction activity in the UAE, with the market expanding from USD 3.3 billion in 2017 to USD 14.6 billion in 2025.
• The report said over 555,000 wellness-oriented residential units are currently planned across the UAE and Saudi Arabia, while the global wellness real estate market is projected to grow from USD 876 billion in 2025 to USD 1.8 trillion by 2030.
• Keturah highlighted its ongoing Dubai developments, including The Ritz-Carlton Residences at Keturah Resort and the AED 5.7 billion Keturah Reserve project, as examples of wellness-led residential planning.
• Industry stakeholders stated that wellness-focused housing is increasingly being linked to long-term value retention, community-focused living and nature-integrated urban development.Read more

24 May 2026

K Raheja Corp has launched a ‘Reverse Mentoring’ initiative aimed at strengthening cross-generational learning and leadership development across its businesses, including Mindspace REIT, Chalet Hotels, Inorbit Mall and K Raheja Corp Homes. Introduced as a long-term people development programme, the initiative enables mid and junior-level employees to mentor senior leaders on themes such as digital transformation, artificial intelligence, changing workplace expectations, customer behaviour and future-ready skills. The programme has completed its first cohort and involves structured one-on-one sessions over three to four months between mentors and leadership participants. The real estate conglomerate stated that the initiative forms part of its broader employee engagement and leadership development framework focused on collaboration, inclusivity and organisational learning within evolving workplace environments.Read more

24 May 2026

Erez Asset Management has called on shareholders of UMH Properties to vote against board director Matthew Hirsch at the company’s upcoming shareholder meeting. The investor, which holds nearly 4% stake in the real estate investment trust, said the company needs leadership changes and blamed the board for weak shareholder confidence and poor capital allocation decisions. The move comes as UMH’s stock has declined nearly 10% over the past year, underperforming some industry peers. Proxy advisory firm ISS has also recommended withholding support for Hirsch while backing the company’s other directors.Read more

24 May 2026

• Peripheral locations including Karjat, Neral, Panvel, Khopoli, Lonavala and Alibaug are witnessing increased residential and investment interest as Mumbai faces land scarcity and rising urban density.
• Developers are incorporating artificial water bodies, lagoons and landscaped water features into projects to attract buyers seeking nature-oriented and wellness-driven living environments.
• Industry stakeholders said improved infrastructure connectivity, lower-density development and larger land availability are encouraging both developers and investors to expand into these micro-markets.
• ORA Group stated that it is developing a man-made lagoon within its Karjat project as part of a broader waterfront residential concept.
• Real estate consultants said hybrid work trends and expanding physical infrastructure are expected to support long-term appreciation potential across Mumbai’s peripheral residential corridors.Read more

24 May 2026

• Prestige Estates Projects Ltd reported a nearly 10-fold rise in consolidated net profit to INR 250.1 crore for the quarter ended March 31, 2026.
• Net profit stood at INR 25 crore in the same period last year, supported by higher income.
• Total income more than doubled to INR 4,143.5 crore in the January–March quarter of FY2025–26.
• For the full fiscal year, net profit rose to INR 1,195.5 crore from INR 467.5 crore in the previous year.
• Total annual income increased to INR 13,195.5 crore from INR 7,735.5 crore in FY2024–25.Read more

24 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Grama Sabha in Krishnayapalem as part of the ongoing land acquisition and infrastructure development process for Amaravati. Officials informed villagers that land acquisition notices were issued after multiple discussions with farmers who had not joined the Land Pooling Scheme (LPS), while also clarifying that eligible landowners still have time to opt for the scheme. The meeting also focused on village infrastructure issues, including drinking water supply and dust pollution caused by construction vehicles. APCRDA said special engineering teams would be formed to improve civic and LPS infrastructure across Capital Region villages.Read more

24 May 2026

• Colliers India has estimated that India’s planned solar and wind energy expansion could generate USD 10–15 billion in land aggregation and acquisition opportunities by 2030.
• India’s installed renewable energy capacity stood at 251 GW in 2025, with solar and wind accounting for nearly three-fourths of the total capacity mix.
• The consultancy expects 270–300 GW of additional solar and wind capacity to be added by 2030, requiring nearly seven lakh acres of land across multiple states.
• Renewable energy OEMs are projected to lease 4–7 million sq ft of Grade A industrial and warehousing space annually by 2030, contributing 10–15 per cent of total demand.
• The report highlights growing opportunities for land developers, industrial real estate players, EPC firms and logistics operators as renewable energy infrastructure expands across India.Read more

24 May 2026

• IPL Biologicals Ltd has opened its third manufacturing facility in Vadodara, Gujarat, with an investment of INR 200 crore.
• The new plant will manufacture biofertilisers, biopesticides and crop health products, taking the company’s total production capacity to 25,000 kilolitres annually.
• Spread across 12 acres, the facility includes automated systems, zero-liquid-discharge operations and 500-kilowatt captive solar power generation.
• The company plans an additional investment of INR 210 crore in the next phase while expanding product registrations across 15 countries.
• IPL Biologicals said the expansion supports India’s push to reduce chemical fertiliser usage and promote sustainable farming solutions.Read more

23 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Gram Sabha in Venkatapalem to discuss land acquisition and development activities linked to the Amaravati capital project. APCRDA Commissioner V. Vijayaramaraju said unresolved issues in capital villages would be taken up on priority and assured villagers that regular meetings would continue. Officials clarified that farmers whose lands fall under acquisition notifications can still opt for the Land Pooling Scheme (LPS) within the prescribed timeline. The authority also announced plans for village-wise infrastructure teams, night patrolling, road connectivity improvements and quality monitoring of construction works with support from IIT Madras experts.Read more

23 May 2026

• Pending home sales in the US rose for the third consecutive month in April, supported by a brief dip in mortgage rates.
• The National Association of Realtors reported a 1.4% monthly increase, which was higher than economists’ expectations of 1.0%.
• Regional trends were mixed, with strong gains in the Northeast and Midwest, while the South saw a decline.
• Despite the rise, overall housing demand remains weak due to high borrowing costs and tight housing supply.
• Economists expect subdued market activity to continue as affordability pressures and elevated mortgage rates persist.Read more

23 May 2026

• Ladakh administration has granted industry status to registered hotels and guest houses, effective from June 1, 2026.
• Hospitality units will now get industrial electricity and water tariffs instead of higher commercial rates.
• The decision will benefit over 1,250 hotels and guest houses across Leh and Kargil.
• Hotels and guest houses will also become eligible for subsidies, concessional loans and property tax exemptions.
• The move is expected to support tourism infrastructure, improve business viability and encourage investment in Ladakh’s hospitality sector.Read more

23 May 2026

• Domicil, the German furniture brand owned by HTL International, is expanding its wellness-focused seating portfolio in India through its Zero Gravity recliner collection.
• The recliner range has been designed around ergonomic and wellness-oriented seating concepts, including a recline angle intended to reduce spinal pressure and improve comfort during extended use.
• The company said growing consumer interest in comfort-led living and wellness-oriented home interiors is driving increased demand for recliner seating solutions across Indian households.
• The collection includes recliner sofas and single-seater formats equipped with touch-button controls, charging ports and integrated utility features aimed at modern residential layouts.
• Industry executives stated that recliners are increasingly being positioned as everyday lifestyle furniture rather than occasional luxury additions within residential interiors.Read more

23 May 2026

James Hardie Industries reported a decline in its annual performance, with profit falling 8% for the year ended March 31. The company posted an adjusted net income of USD 595.7 million, compared to USD 644.3 million in the previous year. The result also came slightly below market expectations of USD 597.7 million. The fibre cement major cited adverse weather conditions that disrupted construction activity across key regions, along with ongoing inflation and affordability pressures that continued to weigh on housing demand. The overall environment remained challenging for residential construction-linked materials.Read more

23 May 2026

Uttar Pradesh Real Estate Regulatory Authority has directed banks and developers to ensure that homebuyers’ funds deposited in mandatory RERA escrow accounts are not used for assured return or guaranteed income schemes. The regulator said several developers were diverting project funds towards financial commitments unrelated to construction, affecting execution timelines and buyer interests. UP RERA stated that escrow funds can only be utilised for construction and land costs under the Real Estate (Regulation and Development) Act, and asked banks to strengthen monitoring and compliance with revised fund utilisation norms.Read more

23 May 2026

Dubai Holding Asset Management has started construction work on its Lantana Hills residential development and awarded the AED 680 million construction contract to Group AMANA. The announcement was made through the Dubai Media Office. The project is part of the company’s premium community development plans in Dubai as demand for high-end housing continues to grow across the emirate. Dubai’s residential market has remained active over the past few years, supported by population growth, strong investor interest, and large-scale infrastructure expansion. Developers across the city have continued to launch new residential communities to meet rising demand in both luxury and mid-segment housing markets.Read more

23 May 2026

BHIVE Workspace has expanded its presence in Bengaluru’s Whitefield office market through a new managed workspace campus at Concorde Econex, located along the ORR–Whitefield corridor. The company stated that the upcoming campus will accommodate more than 3,000 seats and is being developed as a premium “BHIVE Platinum” facility with an investment exceeding INR 30 crore. The project, developed in partnership with Concorde, reflects rising demand for flexible and experience-led office spaces across Bengaluru’s eastern commercial corridor. The campus will offer multiple workspace formats, lifestyle-focused amenities, collaborative infrastructure and public-facing recreational facilities as flexible workspace operators continue expanding within key Grade A office micro-markets.Read more

23 May 2026

SoftTech Engineers Limited has launched a Single Window Approval System aimed at streamlining approvals for electric vehicle infrastructure and wayside amenities along national highways under the National Highway Electric Vehicle (NHEV) initiative. The digital platform is designed to integrate approvals related to land allocation, lease processing, design clearances, construction permits and operational authorisations within a unified ecosystem. According to the company, the system has been developed to support the government’s Ease of Doing Business objectives while accelerating deployment of EV charging infrastructure across highway corridors. The platform will cater to policymakers, developers, investors and service providers through centralised workflows, real-time project tracking and digitised compliance management.Read more

23 May 2026

The Navi Mumbai Municipal Corporation has identified 504 dangerous buildings across its jurisdiction for 2026-27 following a department-wise structural survey conducted under Section 264 of the Maharashtra Municipal Corporation Act. Of these, 52 buildings have been classified under the highly dangerous C-1 category requiring immediate evacuation and demolition. The civic body has warned residents against continuing residential or commercial use of unsafe structures, especially during the monsoon season, citing risks to life and property. The complete list has been made available on the corporation’s official website along with category-wise details and occupancy status.Read more