SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

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NMRDA plans single-window clearance system for New Nagpur business district project

27 minutes ago

Nagpur Metropolitan Region Development Authority plans to introduce a single-window clearance mechanism for the proposed New Nagpur business district project to streamline approvals and improve ease of doing business within the region. The authority has partnered with Institute of Chartered Accountants of India for implementation support and institutional coordination related to the project framework. Officials stated that the proposed system is intended to reduce approval timelines and facilitate faster processing of permissions linked to commercial and mixed-use developments in the emerging business district. The initiative forms part of broader efforts to position New Nagpur as an investment and business hub supported by integrated urban infrastructure planning.Read more

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Puravankara acquires 14.57-acre land parcel in Bengaluru for INR 2,300 crore housing project

57 minutes ago

Puravankara Ltd has acquired a 14.57-acre land parcel in Bengaluru’s Mandur-Budigere corridor to develop a residential project with an estimated gross development value of around INR 2,300 crore. The project will have a total saleable area of nearly 1.8 million sq ft. A part of the land has been secured through a joint development agreement, while the remaining portion has been purchased outright by the company. The acquisition strengthens Puravankara’s expansion plans in Bengaluru, where demand for large-scale residential developments has remained strong due to improving infrastructure and growing housing demand in emerging micro-markets.Read more

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Kayne Anderson Real Estate closes opportunistic equity fund with USD 5.12 billion commitments

1 hour ago

Kayne Anderson Real Estate has announced the final close of its opportunistic equity fund with total commitments of USD 5.12 billion, surpassing its original target and making it one of the firm’s largest real estate investment vehicles to date. The oversubscribed close reflects continued investor interest in opportunistic real estate strategies despite global market uncertainty and higher borrowing costs. The fund is expected to focus on sectors showing long-term demand and value creation opportunities. Institutional investors, including pension funds and sovereign wealth entities, continue to show interest in diversified real estate platforms with flexible deployment strategies.Read more

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Infrastructure projects above INR 150 crore see INR 5.65 lakh crore cost overrun

1 hour ago

Infrastructure projects valued at INR 150 crore and above have recorded a cumulative cost overrun of INR 5.65 lakh crore, according to the latest monthly report for April from the Ministry of Statistics and Programme Implementation. The report tracks 1,981 ongoing projects across 17 central ministries with a revised cost of INR 42.78 lakh crore against an original estimate of INR 37.12 lakh crore. Total expenditure stands at INR 20.36 lakh crore, about 47.59% of revised cost. Around 40% projects have over 80% physical progress, while 14% show over 80% financial completion, with transport and logistics dominating.Read more

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Park Medi World acquires Rudrapur hospital for INR 177 crore, enters Uttarakhand market

2 hours ago

• Park Medi World Ltd will acquire 100 per cent stake in The Medicity Hospital, Rudrapur, in an all-cash deal worth INR 177 crore.
• The acquisition marks the company’s entry into Uttarakhand, expanding its presence to six states.
• The Medicity Hospital is a 330-bed multi-super speciality healthcare facility serving Rudrapur and nearby regions.
• Park Medi World said the deal aligns with its strategy to expand in high-potential and underserved healthcare markets.
• The transaction reflects the growing consolidation trend in India’s hospital and healthcare sector.
Read more

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Logistea repurchases all outstanding warrants through new share issuance

2 hours ago

• Logistea AB repurchased all 712,217 outstanding warrants through a transaction involving newly issued Series B shares.
• The company will issue 123,365 new Series B ordinary shares as part of the settlement process.
• Following the completion of the repurchase offer, no outstanding warrants remain in the company’s capital structure.
• The move is expected to simplify the company’s equity structure and reduce future share dilution risks.
• Similar capital restructuring measures have been increasingly adopted by listed real estate companies to strengthen financial stability and shareholder transparency.
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Kalpataru targets INR 1,250 crore revenue from Kandivali East redevelopment project

3 hours ago

Kalpataru Ltd has announced a large cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai, with an estimated revenue potential of around INR 1,250 crore. The project includes the redevelopment of five adjoining housing societies spread across 2.8 acres and carries a free-sale potential of nearly 0.37 million sq ft carpet area. The company said the redevelopment is part of its long-term strategy to expand in Mumbai’s redevelopment market, where aging housing societies and limited land availability continue to drive demand for such projects.Read more

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Indian REITs distribute over INR 8,900 crore in FY26 as commercial asset demand stays strong

3 hours ago

• India’s five listed REITs distributed more than INR 8,900 crore to unitholders during FY26 amid steady demand for commercial real estate assets.
• Over INR 2,566 crore was distributed during the March 2026 quarter to more than 4.25 lakh unitholders, according to the Indian REITs Association.
• The combined gross asset value of India’s REIT market stood at over INR 2.72 lakh crore, while market capitalisation crossed INR 1.70 lakh crore.
• The five listed REITs together manage more than 187 million sq ft of Grade A office and retail real estate assets across the country.
• Industry experts said REITs are emerging as a preferred investment option for domestic and global investors seeking stable and professionally managed yield-generating assets.
Read more

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Lucknow-Sitapur national highway proposed for six-laning; tender process likely by December

4 hours ago

The National Highways Authority of India (NHAI) is planning to widen the Lucknow-Sitapur section of NH-30 from four lanes to six lanes to accommodate rising traffic volumes and improve regional connectivity in Uttar Pradesh. The tendering process for the project is expected to begin by December 2026 after completion of surveys and project planning activities. Officials stated that the highway currently handles more than 40,000 vehicles daily, resulting in traffic congestion and slower movement during peak hours. The widening work is proposed largely within the existing alignment, reducing the need for additional land acquisition.Read more

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India Post and Flipkart sign agreement to strengthen last-mile parcel delivery network

4 hours ago

• Flipkart and the Department of Posts sign an agreement to enhance last-mile parcel delivery services across India.
• Partnership leverages India Post’s extensive network and Flipkart’s e-commerce logistics infrastructure.
• Services will include prepaid and cash-on-delivery deliveries, OTP-based authentication and real-time tracking.
• Collaboration aims to improve delivery efficiency across urban, semi-urban, rural and remote regions.
Read more

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Korea Post plans AI data centre and real estate investments amid rising postal losses

5 hours ago

Korea Post has planned a shift in its investment strategy, focusing on AI data centres and residential real estate in developed markets such as the U.S. and Europe. The move comes as its traditional postal business continues to face rising losses from mail and parcel operations. The organisation, which manages over USD 104 billion in savings and insurance funds, is also exploring secondary real estate funds and mid-risk investment products to improve returns. While maintaining a largely conservative portfolio, it is gradually increasing exposure to higher-yield global assets amid market uncertainty.Read more

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Centre amends smart meter regulations to expand prepaid and open access metering framework

5 hours ago

• The Central Electricity Authority has notified amendments to the Installation and Operation of Meters Regulations, 2026.
• The revised norms mandate smart meters in areas with communication networks and permit prepaid meters in non-network regions.
• The amendments also introduce updated provisions for open access consumers and advanced metering infrastructure interoperability requirements.
Read more

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Bengaluru West City Corporation proposes INR 4,732 crore budget with focus on roads, mobility and civic infrastructure

6 hours ago

• Bengaluru West City Corporation has presented a INR 4,732 crore budget for FY2026-27 focused on transport infrastructure, civic amenities and urban development works.
• The budget proposes municipal bonds worth INR 200 crore, major road upgrades, pedestrian infrastructure, parking systems and transit-oriented development projects.
• Key allocations include stormwater drain works, ward road upgrades, sports infrastructure, healthcare projects and LED streetlight modernisation initiatives.
Read more

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Reliance Foundation-backed coastal road landscaping plan targets 60,000 trees across Mumbai shoreline

Mumbai News Desk

6 hours ago

The Brihanmumbai Municipal Corporation has begun landscaping and plantation work along the Mumbai Coastal Road project, with plans to plant nearly 60,000 trees across reclaimed open spaces over the next two years. Around 15,000 trees are targeted before the monsoon season, with work underway in Worli and Breach Candy. The initiative is being implemented under a corporate social responsibility programme led by Reliance Foundation to develop gardens, promenades and recreation zones along the corridor. Plantation targets linked to the project were also referenced in a public communication released by the foundation earlier this year, aligning with details cited in civic planning documents and multiple media reports.Read more

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Ashiana Housing to invest INR 560 crore in premium housing project in Jaipur

7 hours ago

Ashiana Housing has announced an investment of nearly INR 560 crore for a premium residential development in Jaipur. The project, named ‘Ashiana Oma’, is spread across 10.35 acres and is being developed through a joint venture with a revenue-sharing arrangement. The first phase has already been launched and will comprise 280 residential units, while the overall project will include 490 units. The company said the project is aimed at end-user homebuyers looking for spacious homes and lifestyle-focused amenities, reflecting the steady demand for premium housing in Jaipur’s residential market.Read more

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Germany’s residential construction falls to lowest level in 13 years

7 hours ago

Germany’s housing construction sector saw a sharp slowdown last year, with residential completions falling to their lowest level since 2012. Data released by the country’s statistics office showed that completed residential units declined 18% year-on-year to 206,600 units, marking the second straight annual drop. Rising construction costs, elevated borrowing rates and lengthy approval processes continued to affect new housing activity across the country. Industry experts have called for faster deregulation and policy support, while the government said building permits had started improving and financial support for lower-income housing projects had reached record levels.Read more

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Thiruvananthapuram airport expansion awaits environmental clearance review

8 hours ago

• Thiruvananthapuram International Airport’s expansion project has moved to the environmental clearance review stage before major redevelopment work can begin.
• The proposed expansion includes Terminal 2 redevelopment, parking facilities, commercial spaces and infrastructure upgrades under Project Anantha.
• Delays in the approval process are linked to the expiry of Kerala’s State Environment • Impact Assessment Authority tenure and procedural reviews.
• Adani Airport Holdings is leading the airport modernisation plan to increase passenger handling capacity and improve regional connectivity.
• The airport redevelopment is also expected to support tourism, cargo movement and integration with the nearby Vizhinjam International Seaport.
Read more

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Sri Lankan shares close higher as real estate and utility stocks support market

8 hours ago

Sri Lanka’s stock market ended higher at the close of the latest trading session, supported by gains in real estate, utilities and industrial stocks. The CSE All-Share Index rose 0.43% to settle at 21,929.64, although the benchmark still recorded a weekly decline of 4.3% amid broader market pressure. SMB Finance PLC and Renuka City Hotels PLC emerged as the top gainers during the session. Market turnover and trading volumes also saw a marginal increase compared to the previous session. While foreign investors continued to remain net sellers, domestic investors maintained buying activity, helping support overall market sentiment.Read more

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Delhi PWD to roll out QR code system for road complaints and maintenance tracking

9 hours ago

Delhi’s Public Works Department (PWD) is set to introduce a QR code-based road grievance management system under its ‘Know Your Road’ initiative to improve transparency and public access to road maintenance information. The project will cover nearly 1,400 km of PWD-managed roads across the capital. Citizens will be able to scan QR codes installed on road signboards to check contractor details, maintenance history and complaint status, while also registering complaints directly without downloading an app. The department has approved a tender for the project and plans to begin with a pilot at 100 locations before expanding it across Delhi.Read more

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Kolte-Patil reports decline in FY26 financial performance

Pune News Desk

10 hours ago

• Kolte-Patil Developers reported a consolidated net loss of INR 38.08 crore for FY26 amid pressure on revenue and profitability.
• The Pune-based real estate developer witnessed a decline in financial performance despite continued activity across residential projects and ongoing launches.
• The company’s results reflect broader sector challenges linked to project execution timelines, cost pressures and changing market conditions across key housing markets.
Read more

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LDA plans INR 110 crore redevelopment of ageing Indira Nagar housing complex in Lucknow

Lucknow News Desk

11 hours ago

The Lucknow Development Authority (LDA) is planning to redevelop an old residential complex in Indira Nagar with an estimated investment of INR 110 crore as part of its urban redevelopment strategy in Lucknow. The nearly 40-year-old housing complex has witnessed structural deterioration over the years, prompting the authority to replace the existing low-rise buildings with modern high-rise apartments and upgraded civic infrastructure. The project is expected to improve housing conditions, optimise land use and strengthen infrastructure in one of Lucknow’s most established residential areas. The redevelopment also aligns with LDA’s larger focus on modern housing projects and vertical urban expansion across the city.Read more

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Kerala government says LIFE Mission housing project will continue amid political row

12 hours ago

Kerala Local Self-Government Minister K M Shaji clarified that the newly elected UDF government has not taken any decision to dismantle the LIFE Mission housing scheme, following allegations raised by the CPI(M). The minister said the government would continue welfare projects that benefit the public while addressing shortcomings wherever required. The clarification comes at a time when the state’s affordable housing sector is closely watching the future of the flagship residential scheme. LIFE Mission has so far delivered more than five lakh houses across Kerala, while over one lakh housing units are currently under construction under the programme.Read more

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99acres revenue rises, but FY26 losses persist amid growth investments

13 hours ago

• 99acres reported a pre-tax loss of INR 591.5 million in FY26 despite growth in operating revenue.
• Revenue growth across property listings and advertising was offset by spending on brand promotion, technology and expansion.
• The performance was disclosed in Info Edge (India) Limited’s FY26 results amid continued investments across digital platform businesses.
Read more

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Indian Railways plans INR 40,000 crore wagon tender as freight expansion drives manufacturing push

14 hours ago

• Indian Railways is planning a mega tender worth around INR 40,000 crore for procurement of nearly 100,000 freight wagons.
• The proposed tender is aimed at supporting freight capacity expansion, improving logistics movement and increasing rail freight share nationally.
• Wagon manufacturers are expected to benefit from long-term production visibility and higher utilisation of expanded manufacturing capacities.
• The procurement plan aligns with broader railway infrastructure and freight corridor expansion strategies under the National Rail Plan.
Read more

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Mapusa municipal council identifies 49 dangerous buildings ahead of monsoon

Goa News Desk

15 hours ago

The Mapusa Municipal Council has identified 49 dangerous and structurally weak buildings ahead of the monsoon season as part of its annual public safety inspection drive. The survey was conducted to reduce risks linked to old and dilapidated structures during heavy rainfall. Civic officials are expected to issue notices to property owners for repairs, evacuation or demolition wherever necessary. The move comes as several cities across Goa and western India continue to strengthen pre-monsoon building audits following past incidents of building collapses and structural failures during the rainy season.Read more

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UP pushes industrial expansion in YEIDA region with fresh allotment deals

16 hours ago

• The Uttar Pradesh government has issued fresh allotment letters to companies for projects in the YEIDA region near the upcoming Noida International Airport.
• The proposed developments are expected to attract investments worth nearly INR 6,000 crore and generate around 10,000 jobs.
• The allotments form part of the state’s broader strategy to strengthen industrial, logistics and commercial growth along the Yamuna Expressway corridor.
Read more

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Jaipur residential areas face commercialisation concerns after UDH notification

17 hours ago

• Jaipur residents and urban planners have raised concerns over a new UDH notification allowing wider commercial activities in residential areas across the city.
• Experts believe the move could increase traffic congestion, parking shortages and pressure on civic infrastructure in housing colonies.
• Officials have warned that hotels, shops and commercial establishments in residential zones may affect the planned character of local neighbourhoods.
• The notification has also triggered legal concerns as courts have earlier stressed the need to protect zoning rules and master plan regulations.
• The development comes amid growing scrutiny over commercial misuse of residential properties in Jaipur and other major Indian cities.
Read more

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Jaipur tilted building case raises concerns over unsafe structures in old city areas

25 May 2026

• Jaipur civic authorities issued a 48-hour demolition notice to the owner of a dangerously tilted five-storey building in the Ramganj area.
• Residents living inside and around the structure were evacuated as a precautionary measure due to fears of collapse.
• The incident has renewed concerns over ageing buildings, unauthorized construction, and weak structural monitoring in Jaipur’s old city.
• Officials warned that the administration could carry out the demolition if the owner fails to comply within the deadline.
• Similar incidents involving unsafe residential structures have previously triggered safety concerns in densely populated parts of Jaipur.
Read more

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Indian Railways clears INR 993 crore Arakkonam-Chengalpattu rail doubling project

25 May 2026

• Indian Railways has approved the INR 993 crore Arakkonam-Chengalpattu doubling project covering nearly 68 km under Southern Railway.
• The project is aimed at easing congestion on Chennai’s suburban rail network while improving punctuality, operational efficiency and train frequency.
• The corridor connects major industrial and manufacturing hubs including Sriperumbudur, Oragadam and Irungattukottai, while also supporting freight movement and the proposed Parandur airport region.
Read more

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Sundaram Alternates closes real estate credit fund at INR 2,500 crore

25 May 2026

Sundaram Alternates Assets Limited has achieved the final close of its real estate credit fund at around INR 2,500 crore, including co-investment commitments. The fund has attracted domestic institutional investors, family offices and high-net-worth individuals, and will focus on structured credit financing for residential and mixed-use real estate projects across major Indian cities. The platform plans to target mid-income and affordable housing developments with emphasis on last-mile funding and project completion financing amid tightening conventional lending conditions for developers.Read more

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Dehradun shuts 103 homestays over safety violations and illegal commercial operations

25 May 2026

• Dehradun administration cancelled registrations of 103 homestays during an inspection drive across the district.
• Authorities found violations related to fire safety, guest record management, food licences and illegal commercial usage.
•Several homestays were allegedly operating as hotels, party venues and bars instead of owner-managed residential properties.
• The crackdown was carried out under ‘Operation Safai’ amid rising complaints linked to crime, public nuisance and traffic violations.
• Officials have started removing non-compliant properties from Uttarakhand Tourism listings while inspections continue in other areas.
Read more

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Godrej Properties awards INR 1,100 crore construction contract to Tata Projects for Gurugram housing developments

25 May 2026

Godrej Properties has awarded construction contracts worth around INR 1,100 crore to Tata Projects for three luxury housing projects located on Golf Course Road in Gurugram. The partnership covers core and shell construction work for Godrej Sora, Godrej Astra and Godrej Samaris. The move comes as developers continue to accelerate premium housing launches in key urban markets amid sustained demand for luxury homes. Godrej Properties has been expanding its residential portfolio across major cities including Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad.Read more

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Spain Supreme Court cancels national tourist rental registry for Airbnb-style listings

25 May 2026

• Spain’s Supreme Court has struck down the national registry created for short-term tourist rental properties listed on platforms such as Airbnb.
• The court ruled that the central government did not have the authority to impose a nationwide registry alongside existing regional systems.
• The registry had required property owners to obtain a registration number before advertising tourist accommodation online.
• Spain has been tightening rules on holiday rentals amid concerns over housing affordability, rising rents and over-tourism in major cities.
• While cancelling the registry, the court upheld the requirement for online rental platforms to continue sharing property data with authorities.
Read more

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Delhi Metro Phase IV corridors set for launch by December as Phase V expansion moves ahead

25 May 2026

• Delhi Metro is expected to operationalise three new corridors under Phase IV by December, including extensions of the Magenta and Pink Lines.
• The Aerocity–Tughlakabad corridor will improve airport connectivity and strengthen metro access across south Delhi.
• DMRC has also received approvals for additional Phase IV routes including Inderlok–Indraprastha and Rithala–Narela–Nathupur corridors.
• The Centre earlier approved Phase V(A) projects worth INR 12,014.91 crore to further expand Delhi Metro connectivity.
• The metro expansion is expected to improve daily commuting, reduce road congestion and support residential and commercial growth along new corridors.
Read more

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Rajasthan to launch India’s first integrated cricket stadium hotel project in Nathdwara

25 May 2026

• The Radisson Blu Hotel Nathdwara Stadium is being developed as India’s first integrated cricket stadium hotel project near Udaipur, Rajasthan.
• The development combines an international-standard cricket stadium with a luxury Radisson Blu hotel offering direct stadium-view rooms and hospitality facilities.
• Developed by the Miraj Group, the project is positioned as a sports tourism, hospitality and events destination targeting cricket, weddings and corporate gatherings.
• The integrated complex is expected to strengthen Nathdwara’s positioning beyond pilgrimage tourism through sports and experiential hospitality infrastructure.
Read more

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MMRDA secures investment commitments worth USD 40 billion for Mumbai Metropolitan Region projects

25 May 2026

•MMRDA has secured investment commitments worth around USD 40 billion at the World Economic Forum in Davos for projects across the Mumbai Metropolitan Region.
•The proposed investments are expected to support infrastructure, logistics, residential, commercial and economic development initiatives under the Mumbai 3.0 framework.
•Officials stated that the investment proposals are aimed at accelerating regional growth, strengthening connectivity and expanding employment-linked urban infrastructure across MMR.
•Reports indicate that the new city model focuses on integrated infrastructure, decentralised growth and long-term economic development planning for the Mumbai Metropolitan Region.
Read more

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Episurf Medical to acquire Lilium’s real estate portfolio valued at SEK 660 million

25 May 2026

Episurf Medical has announced the acquisition of a real estate portfolio from Lilium in a deal valued at SEK 660 million. The portfolio is expected to add annual rental income of SEK 49 million and net operating income (NOI) of SEK 41 million to Episurf Medical’s business. The transaction is likely to be completed in the third quarter of 2026 and will be financed through a mix of a SEK 264 million share issue, a SEK 198 million convertible loan and bank funding. The acquisition marks a notable expansion of the company’s asset base and recurring income stream.Read more

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ED arrests Punjab real estate developer in Mohali land fraud and CLU approval case

25 May 2026

The Enforcement Directorate (ED) has arrested Punjab-based real estate developer Ajay Sehgal in a money laundering investigation linked to alleged forged consent letters used to obtain Change of Land Use (CLU) approvals for projects in Mohali. The probe involves projects including Suntec City, La Canela and District 7, with transactions estimated at over INR 200 crore. Authorities alleged that fake signatures and thumb impressions of landowners were used during the approval process. The investigation has also expanded to examine the possible role of officials connected to project clearances and land-use permissions in Punjab’s fast-growing real estate market.Read more

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NHAI partners with Norway’s NGI to strengthen tunnel and slope safety expertise for highway projects

25 May 2026

The National Highways Authority of India (NHAI) has signed a memorandum of understanding (MoU) with the Norwegian Geotechnical Institute (NGI), Norway, to enhance technical capabilities in national highway infrastructure development. The partnership focuses on tunnel engineering, slope stability analysis, safety monitoring and infrastructure risk mitigation. Under the agreement, NGI will support feasibility studies, Detailed Project Reports (DPRs), tunnel safety audits and advanced geotechnical assessments. The collaboration will also include the use of InSAR-based slope monitoring and early warning systems. The move comes as India continues to expand highway connectivity in hilly and geologically sensitive regions.Read more

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RBI injects INR 81,590 crore into banking system through short-term repo auction

25 May 2026

The Reserve Bank of India infused INR 81,590 crore into the banking system through a three-day variable rate repo (VRR) auction to address tightening liquidity conditions. The funds were injected at a cut-off rate of 5.26 per cent. Although banks’ demand remained below the notified amount of INR 1 lakh crore, participation improved compared to the previous auction conducted this week. Banking system liquidity surplus also saw a sharp decline over the past few days, leading to higher overnight call money rates. Market participants expect the central bank to continue liquidity management measures if pressure on short-term rates persists.Read more

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MHADA reviews progress of affordable housing projects in Kalyan taluka

25 May 2026

MHADA has reviewed the progress of multiple affordable housing projects underway in Kalyan taluka under PMAY and regional housing schemes, including developments at Shirdhon and Khoni. The review focused on construction status, infrastructure connectivity, pending approvals and occupancy-related challenges affecting project execution. Officials also assessed the impact of major infrastructure projects, including the proposed Virar–Alibaug Multimodal Corridor, on planned housing layouts in the region. The exercise forms part of MHADA’s broader strategy to accelerate affordable housing delivery and improve residential infrastructure across the Mumbai Metropolitan Region.Read more

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White Flower Developers to acquire Goa land parcel for INR 65 crore hospitality and mixed-use project

25 May 2026

• White Flower Developers plans to acquire a nearly 6,000 sq metre land parcel in Goa for around INR 65 crore.
• The proposed project is expected to include hospitality and mixed-use development components targeting tourism-driven demand.
• The acquisition reflects growing developer interest in premium coastal real estate and experiential hospitality projects in Goa.
• The development is likely to cater to rising demand for leisure travel, destination events and second-home investments in the state.
Read more

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Swedish Logistic Property signs 10-year lease deal for new logistics facility in Jonkoping

25 May 2026

Swedish Logistic Property has signed a long-term lease agreement for a new logistics property in Jonkoping, strengthening its industrial and warehousing portfolio in Sweden. The company said the project will involve the development of a facility spanning around 21,600 square metres with a total estimated investment of SEK 231 million. The property has been secured under a 10-year lease arrangement and is expected to generate an annual rental value of SEK 16.5 million. The project is also expected to improve the company’s net rental income by nearly SEK 9.5 million.Read more

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Pune’s 54 km underground road proposal gains momentum

25 May 2026

• The Maharashtra government plans to set up an expert committee to accelerate Pune’s proposed underground road network project spanning nearly 54 km across the city.
• The proposed tunnel corridors are aimed at reducing traffic congestion, improving east-west connectivity and easing pressure on key arterial roads in Pune.
• Authorities are evaluating technical feasibility, alignment planning, funding models and integration with wider mobility and urban infrastructure projects across the city.
Read more

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IHCL brings Golden Dragon restaurant brand to Delhi-NCR with Taj Surajkund launch

25 May 2026

Indian Hotels Company Limited (IHCL) has expanded its iconic Chinese fine-dining brand Golden Dragon to North India with the opening of a new outlet at Taj Surajkund Resort & Spa in Delhi-NCR. The move is part of the hospitality major’s strategy to strengthen its premium food and beverage portfolio amid rising demand for experience-led dining formats. Golden Dragon, which was first launched at The Taj Mahal Palace in Mumbai more than five decades ago, already operates in cities such as Hyderabad, Chennai and Colombo. IHCL said the Delhi-NCR launch aligns with changing consumer preferences and the evolving hospitality market in the region.Read more

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Maharashtra targets USD 1 trillion economy by 2030, says Fadnavis

25 May 2026

Maharashtra Chief Minister Devendra Fadnavis said the state is on track to become a USD 1 trillion economy by 2030, backed by growth in infrastructure, artificial intelligence, startups and innovation-led sectors. Speaking at the ImagiNxt 2026 event in Mumbai, he said Maharashtra has already become the world’s 30th largest economy and could surpass the economies of Singapore and the UAE within the next few years. The state government is also increasing the use of AI across governance, agriculture and the criminal justice system while closely monitoring investment execution through dedicated mechanisms.Read more

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Putprop signs deal to sell Montana Park property for INR 13.8 crore equivalent

25 May 2026

Putprop Ltd has entered into an agreement with Bluhire Proprietary for the sale of its Montana Park property for R29 million. The transaction was disclosed through a regulatory filing on the Johannesburg Stock Exchange during the past week. The move forms part of Putprop’s ongoing portfolio management strategy as property companies continue to evaluate asset performance and capital allocation amid changing market conditions. The company has not yet disclosed further operational details related to the property or timelines linked to the completion of the transaction.Read more

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Aditya Birla Capital to use INR 3,500 crore fundraise for lending business expansion

25 May 2026

Aditya Birla Capital plans to utilise INR 3,500 crore from its recently announced INR 4,000 crore preferential equity fundraise to strengthen and expand its lending operations. The remaining INR 500 crore will be used for general corporate purposes, including investments in subsidiaries. The capital infusion will largely come from promoter entities of the Aditya Birla Group and the International Finance Corporation. The company’s shareholders are expected to consider the proposal at an extraordinary general meeting scheduled for June 12, 2026. The fundraising comes as the company continues to scale up its lending and asset management businesses.Read more

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Mahayuti proposes underground parking hubs across Mumbai’s 27 wards under BMC mobility plan

25 May 2026

The BJP-led Mahayuti alliance in the Brihanmumbai Municipal Corporation has proposed one underground parking facility in each of Mumbai’s 27 wards as part of its congestion management plan. The parking hubs are proposed beneath gardens and playgrounds to address parking shortages without additional land acquisition in densely populated areas. The proposal was included in the alliance’s 100-day municipal report released on 22 May, with civic officials stating that corporators, MLAs and ward authorities have been asked to identify suitable plots in line with Development Control and Promotion Regulations provisions.Read more

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Allcargo Terminals swings to profit in Q4; FY26 PAT jumps 46% on higher cargo volumes and capacity expansion

25 May 2026

Allcargo Terminals Limited has reported a strong turnaround in its financial performance for the quarter and year ended March 2026. The company posted a consolidated net profit of INR 8.8 crore in Q4 FY26, compared with a loss in the corresponding period last year, supported by higher cargo volumes and improved operational efficiency. For the full fiscal year FY26, profit after tax rose 46 per cent year-on-year to INR 44 crore. Revenue and EBITDA also registered steady growth, driven by expansion across key port-based facilities and stronger EXIM trade activity.Read more

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