35 minutes ago

• New York State has approved a new surcharge on high-value second homes in New York City as part of the 2026 state budget signed by Governor Kathy Hochul.
• The “pied-à-terre” tax is expected to generate nearly USD 500 million annually for New York City.
• The surcharge will apply to luxury secondary residences and apartments that are not occupied as primary homes by owners or immediate family members.
• The proposal received support from New York City Mayor Zohran Mamdani but faced opposition from several high-profile investors and billionaires.
• Authorities stated that the measure is aimed at strengthening city finances and addressing budgetary pressures.Read more

1 hour ago

• The Supreme Court has upheld the authority of the Navi Mumbai Municipal Corporation (NMMC) to levy and collect property tax in the TTC MIDC industrial area.
• The ruling resolves a legal dispute pending since 2010 involving a small-scale industries association challenging the civic body’s jurisdiction over the industrial zone.
• The court clarified that ‘tax’ and ‘fee’ are legally distinct, stating that MIDC can levy service-related charges but not municipal taxes.
• The judgement was delivered after examining provisions under the Maharashtra Municipal Corporations Act, MID Act, 1961, and MRTP Act, 1966.
• NMMC Commissioner Dr Kailas Shinde has appealed to industrial units to clear pending property tax dues and contribute towards urban infrastructure development.Read more

2 hours ago

• Infrastructure corridors across NCR are accelerating residential growth in emerging micro-markets including Dwarka Expressway, New Gurgaon, Yamuna Expressway and Greater Noida.
• Improved connectivity through expressways, metro expansion and the upcoming Noida International Airport is increasing end-user demand and developer activity.
• Data from PropTiger indicates that more than 60% of NCR’s new residential supply is concentrated in infrastructure-linked locations.
• Developers and consultants said buyers are increasingly prioritising mobility, lifestyle amenities, wellness infrastructure and integrated urban planning.
• Peripheral corridors across Gurugram, Noida and Greater Noida are witnessing stronger residential launches, commercial activity and organised urban development.Read more

3 hours ago

• Thomas Cook (India) Limited has entered into a long-term partnership with Atlys to integrate foreign exchange services into the visa application journey.
• The partnership aims to combine visa processing and forex services within a unified digital travel planning process for leisure and student travellers.
• Customers using the Atlys platform will be able to access forex cards, foreign currency services and overseas remittance solutions through Thomas Cook India.
• The integrated service includes digital onboarding, video KYC and doorstep delivery facilities across India.
• The collaboration targets digitally driven outbound travellers seeking faster and more streamlined international travel preparation services.Read more

3 hours ago

• India’s commercial real estate sector is increasingly moving towards employee-centric office ecosystems that prioritise wellness, collaboration and workplace experience.
• Developers are integrating cafés, landscaped open areas, wellness zones, community spaces and advanced air quality systems into office projects.
• Corporates are seeking workplaces that support employee retention, productivity and flexible work patterns in the post-pandemic environment.
• Indoor environmental quality, sustainability infrastructure and smart building technologies are emerging as major differentiators in premium office developments.
• Industry stakeholders believe workplace experience and wellness-led design are becoming key drivers of leasing demand and long-term asset value.Read more

4 hours ago

• A recent fire incident in a Pune housing society has renewed focus on fire safety preparedness and compliance across residential developments in Maharashtra.
• The Maharashtra Fire Prevention and Life Safety Measures Act, 2006 gives fire authorities extensive powers related to emergency access, firefighting operations and enforcement of safety infrastructure.
• The legislation also mandates administrative and financial mechanisms for maintaining fire brigades, emergency equipment and coordinated response systems across urban areas in the state.Read more

5 hours ago

• CERC has proposed a framework allowing renewable energy developers additional time to meet land, financial closure and commissioning milestones under GNA regulations through payment of Milestone Extension Charges (MEC).
• The draft procedure introduces graded per-MW daily compensation charges linked to delays in land acquisition, financial closure and commercial operation timelines.
• The proposal also outlines eligibility conditions, revocation triggers, bank guarantee treatment and relaxation mechanisms for renewable and storage project developers seeking connectivity extensions.Read more

5 hours ago

• US-based property management software company Entrata has filed for an initial public offering on the New York Stock Exchange under the ticker symbol “ENT”.
• The company reported a 23% year-on-year increase in revenue to USD 143.5 million during the quarter ended March 31, 2026.
• Entrata posted net income of USD 23.3 million for the quarter, compared with USD 13.9 million a year earlier.
• The IPO filing comes amid early signs of renewed investor interest in technology and software listings after a subdued market phase.
• Analysts stated that software companies continue facing scrutiny regarding the long-term impact of artificial intelligence on business models.Read more

6 hours ago

• ANAROCK Capital has estimated that India’s real estate sector will require nearly INR 50 lakh crore in capital over the next decade to support expansion into a USD 1 trillion market by 2030.
• The report highlighted financing constraints including restrictions on bank funding for land acquisition, rising borrowing costs and limited institutional access for smaller developers.
• Alternative Investment Funds (AIFs), REITs, NBFCs and private capital are increasingly emerging as major funding sources across land acquisition, construction finance and last-mile funding.
• Industry stakeholders stated that institutional capital remains concentrated among large developers and key metropolitan markets, limiting access for Tier-II and Tier-III projects.
• The report noted that broader funding access across affordable housing and emerging cities will be critical for balanced long-term sectoral growth.Read more

6 hours ago

• JSW Steel has commenced work on a large greenfield steel plant project in Paradip, Odisha, with planned investment estimated at nearly INR 1 trillion over multiple phases.
• The proposed integrated steel facility is being developed on land earlier associated with the stalled Posco project near Paradip.
• The project is expected to strengthen Odisha’s position as a major steel and industrial hub while supporting port-led manufacturing and logistics infrastructure.Read more

7 hours ago

• Harsh Sanghavi visited the Dholera Special Investment Region to review infrastructure preparedness and ongoing development activity within the emerging industrial hub.
• During the visit, the delegation toured GAP Group’s Akhilam township located in Dholera’s Activation Area.
• Officials reviewed studio apartments, co-working spaces and food court facilities being developed as part of the township project aimed at supporting future residential and commercial demand.
• The Deputy CM highlighted the need for quality residential and lifestyle infrastructure amid rising industrial investments and anticipated housing demand in Dholera.
• GAP Group also briefed the delegation on the construction of a large RCC raft foundation being developed for the residential project.Read more

8 hours ago

• Property Share has crossed INR 1,070 crore in assets under management across its three listed Small and Medium Real Estate Investment Trust (SM REIT) schemes.
• The company stated that its listed schemes have collectively distributed more than INR 68 crore to unitholders within 18 months.
• Property Share remains the only investment manager in India with listed SM REIT schemes following SEBI’s introduction of the framework in 2024.
• The portfolio includes nearly one million sq ft of Grade A commercial office assets across Bengaluru, Mumbai and Ahmedabad.
• Industry stakeholders said the SM REIT framework is improving retail investor access to institutional-grade commercial real estate assets through regulated investment structures.Read more

8 hours ago

• Navi Mumbai Municipal Corporation will conduct elections for the City Street Vendors Committee on June 4 under Maharashtra’s street vendor election rules.
• Eight members from the street vendor community are to be elected as part of the 20-member committee structure.
• Elections will be held for one reserved women’s seat and two general category seats, while four reserved-category seats have been declared uncontested.
• One Scheduled Tribe seat will remain vacant after no nominations were received for the category.
• Scrutiny of nominations was completed in the past week, with two applications rejected and seven candidates withdrawing from the contest before the final deadline.Read more

9 hours ago

• CBRE has released a report highlighting the rapid growth of lifestyle hotels across the Asia Pacific hospitality market.
• The report stated that Gen Z travellers are increasingly influencing hotel demand through preferences for experiential travel, local culture and technology-enabled stays.
• Lifestyle hotel supply in Asia Pacific recorded a 19 per cent CAGR between 2015 and 2025, significantly higher than the broader hotel market growth rate.
• The penetration rate of branded lifestyle hotels in the region is expected to increase from 1 per cent currently to 8 per cent based on the existing development pipeline.
• Singapore and Hong Kong SAR currently lead the region in lifestyle hotel penetration, while hotel conversions are emerging as a preferred growth strategy amid rising construction costs.Read more

10 hours ago

APCRDA Additional Commissioner K. Karthik, IAS, reviewed the ongoing flood management works in Amaravati, focusing on Palavagu development areas. The inspection covered multiple locations where drainage and rainwater flow systems are being developed. Officials from APCRDA and ADCL briefed him on the current status and progress of the projects. With the monsoon season approaching, emphasis was placed on completing the works with quality and within the planned timelines. Suggestions were also made to ensure better coordination between departments and faster execution of remaining tasks.Read more

11 hours ago

• Ashok Leyland reported an 11% increase in consolidated net profit to INR 1,381.32 crore for the quarter ended March 31, 2026.
• Consolidated revenue from operations during Q4 FY26 rose to INR 17,246.44 crore from INR 14,695.55 crore a year earlier.
• The company’s board granted in-principle approval to raise INR 300 crore through non-convertible debentures on a private placement basis.
• FY26 commercial vehicle sales and export volumes reached record highs, with overall CV sales crossing 2.20 lakh units.
• The company also declared a second interim dividend of INR 2.50 per equity share for FY26.Read more

12 hours ago

• Antara Senior Care has received a partial occupancy certificate for Phase I of its senior living community in Sector 150, Noida.
• The approval covers three residential towers comprising 340 units, enabling possession for senior residents who had booked homes in the project.
• The occupancy certificate unlocks approximately INR 150 crore in receivables linked to possession milestones for the development.
• The overall project spans around 12 lakh sq ft, with Phase I expected to generate approximately INR 550 crore in revenue and Phase II projected at INR 800 crore.
• The approval follows prolonged delays linked to sector-wide sports infrastructure completion requirements in Sector 150, Noida.Read more

13 hours ago

• Americold Realty Trust has launched a new initiative called “Fit For Purpose” to improve operational efficiency and support strategic priorities.
• The company expects the programme to deliver incremental annual overhead savings of more than USD 25 million.
• Americold said the targeted savings are expected to reach a run-rate basis by the end of the first quarter of 2027.
• The initiative is expected to focus on streamlining operations, improving organisational alignment and strengthening cost management.
• The move comes as logistics and industrial real estate companies continue focusing on operational discipline and efficiency improvements amid changing supply chain demands.Read more

14 hours ago

• Colliers India has identified India as one of the leading growth markets in the Asia Pacific region across AI adoption, demographic advantage and energy transition-linked commercial real estate demand.
• The consultancy estimates India’s AI market could expand from more than USD 9 billion currently to over USD 500 billion in the coming decades, supported by digitalisation and workforce expansion.
• India contributes nearly one-third of the world’s skilled talent pool, with major cities such as Bengaluru, Hyderabad and Pune emerging as key technology and GCC hubs in APAC.
• Green-certified assets currently account for nearly two-thirds of India’s Grade A office stock, while older office buildings present retrofitting opportunities exceeding USD 5 billion.
• The report also highlighted climate resilience, energy security and shifting global supply chains as major factors reshaping corporate real estate strategies across the region.Read more

15 hours ago

• Marathon NextGen Realty reported its highest-ever annual profit after tax of INR 206 crore for FY26, supported by strong commercial leasing, collections and project launches.
• The company recorded total income of INR 639 crore and EBITDA of INR 261 crore during the financial year while maintaining a PAT margin of 32%.
• Collections during FY26 stood at INR 781 crore, driven by construction progress across projects including Monte South, Nexzone and Bhandup developments.
• Marathon raised nearly INR 900 crore through a Qualified Institutional Placement and utilised INR 340 crore towards debt repayment, resulting in a positive net cash position.
• The developer also expanded its pipeline through acquisitions in Kanjurmarg and MMR, adding projects with a combined estimated GDV exceeding INR 840 crore.Read more

16 hours ago

The Navi Mumbai Municipal Corporation has announced a 10 per cent reduction in water supply across its jurisdiction and parts of the CIDCO node from May 25 due to declining water levels in the Morbe dam reservoir. The civic body said the move was taken as a precautionary step following forecasts of deficient monsoon conditions linked to El Niño and the Indian Ocean Dipole (IOD). Evening water supply will remain suspended twice a week in different nodes including Belapur, Nerul, Vashi, Ghansoli and Airoli. Authorities stated that there is currently no immediate shortage, but conservation measures are necessary to manage supplies for this year and the next.Read more

17 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced India’s first Automated Pantograph Condition Monitoring System (APCMS) in the Maha Mumbai Metro. The AI-based system enables real-time inspection of pantographs, cutting inspection time from around 30 minutes to just a few seconds and improving maintenance efficiency by nearly 90–95 percent. It uses laser scanning, 3D imaging and machine learning to detect faults, wear and alignment issues early. The initiative strengthens predictive maintenance, reduces downtime and enhances operational safety and reliability across metro operations in Mumbai.Read more

18 hours ago

The Aga Khan Agency for Habitat India (AKAH India) has signed a memorandum of understanding with Maharashtra Information Technology Corporation Limited (MahaIT) to support climate resilience and habitat improvement across vulnerable regions in the state. Signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, the partnership will focus on heat mitigation, drought resilience, flood preparedness, water security and climate-responsive urban planning. The collaboration is expected to combine technology-driven governance with on-ground habitat interventions, while also exploring pilot projects, smart solutions, research initiatives and policy frameworks aimed at improving living conditions in climate-sensitive communities.Read more

30 May 2026

• Goa’s online Building Plan Approval Management System (BPAMS) is facing operational challenges, leading to continued reliance on manual processing within the Town and Country Planning Department.
• Architects, engineers and applicants have reportedly raised concerns regarding technical glitches, delays and limited functionality in the online system.
• The digital approval platform was originally introduced to improve transparency, speed up clearances and strengthen ease of doing business in the state.
• Despite mandatory digital rollout plans, several approvals and submissions are still being handled through offline channels.
• The issue highlights broader concerns regarding administrative transition, planning governance and development approval processes in Goa.Read more

30 May 2026

• Reliance Industries has delivered the first 200 MWp batch of high-efficiency solar modules from its green energy manufacturing complex in Jamnagar, Gujarat.
• The company is developing a 5,000-acre integrated clean energy ecosystem covering solar modules, batteries, green hydrogen and bio-energy infrastructure.
• Reliance plans to scale solar manufacturing capacity to 10 GWp annually, with a long-term target of 20 GWp.
• The company is also advancing battery storage, green hydrogen and compressed biogas infrastructure as part of its clean energy platform.
• Reliance stated that it has committed nearly INR 75,000 crore towards the initiative, which could generate over 200,000 green jobs.Read more

30 May 2026

Bihar’s airport expansion plans moved ahead after Parliamentary Committee on Transport, Tourism and Culture chairman Sanjay Kumar Jha met Civil Aviation Minister Kinjarapu Rammohan Naidu in New Delhi to review aviation infrastructure projects across the state. The discussions focused on runway expansion at Patna, Darbhanga and Gaya airports, development of Darbhanga as an international airport, and improved regional air connectivity under the UDAN scheme. The Centre and Bihar government also reviewed plans for Purnea Airport, regional airstrips and tourism-linked aviation projects. The proposed developments are expected to support passenger traffic growth, tourism and economic activity in Bihar.Read more

30 May 2026

• Shifts in tourism patterns are increasingly being tracked by developers and investors as early indicators of future real estate demand across residential, hospitality and second-home markets.
• Growth in repeat short-term travel and improved digital access to destinations are influencing property investment trends in lifestyle and leisure-driven locations.
• Travel data, including search activity and repeat bookings, is helping stakeholders identify emerging destinations before conventional real estate cycles fully develop.
• Industry research suggests that tourism growth often drives parallel investments in infrastructure, connectivity and quality-of-life improvements, which in turn support housing demand.
• Developers and urban planners are increasingly studying travel behaviour alongside traditional market fundamentals to assess long-term investment potential in evolving micro-markets.Read more

30 May 2026

Colliers’ latest global report highlights long-term megatrends reshaping corporate real estate across Asia Pacific. It notes that rapid digitalisation and strong AI adoption could expand India’s artificial intelligence market from over USD 9 billion to more than USD 500 billion in the coming decades. India’s young workforce, accounting for nearly one-third of global skilled talent, is strengthening its position as a major tech and GCC hub. The report also underlines India’s leadership in green-certified office spaces, rising climate risks, and growing focus on energy security and sustainable real estate development.Read more

30 May 2026

• Vale do Lobo will host the 42nd edition of the Open Foursomes golf tournament from May 24–30, bringing together international golfers at the Algarve resort.
• The event will be held across the resort’s two 18-hole golf courses and is positioned around community participation, leisure and social engagement.
• Vale do Lobo’s Junior Golf Academy will run alongside the tournament from May 25–29, focusing on youth golf training and intergenerational participation in the sport.
• The resort’s residential offering, The Residences Vale do Lobo, continues to attract global buyers seeking golf-linked second homes and investment properties near the Royal Golf Course.
• The development is operated by Kronos Homes, which owns and manages the Vale do Lobo resort in Portugal.Read more

30 May 2026

The Andhra Pradesh Capital Region Development Authority conducted a Grama Sabha in Mandadam village as part of ongoing land acquisition and land pooling efforts for the development of Amaravati, the state’s proposed capital city. Officials, including senior commissioners and planning authorities, explained that land pooling has been used for infrastructure such as roads and LPS zones, while acquisition notices were issued for farmers not enrolled in the scheme. Authorities also informed that eligible farmers can still opt for the Land Pooling Scheme within the given timeline. Farmers were urged to cooperate as development works progress across capital region villages.Read more

30 May 2026

• Conrad K Sangma laid the foundation stones for four road infrastructure projects worth nearly INR 488 crore in East and West Jaintia Hills.
• The projects cover a combined length of 108.24 km and include road upgrades, bridge construction, and tourism connectivity works.
• Major schemes are being funded through the World Bank-backed Meghalaya Logistics and Connectivity Improvement Project, CRIF, SIDBI Cluster Development Fund, and NESIDS.
• The state government said the projects are aimed at improving access to healthcare, education, tourism locations, and trade corridors in the coal-bearing region.
• Construction activity is expected to begin within 45 days after completion of tendering and contractor onboarding processes.Read more

30 May 2026

• PropTiger reported that Bengaluru recorded the highest year-on-year housing price growth among India’s top eight cities during Q1 2026, with average prices rising 24 per cent.
• Average residential prices in Bengaluru increased to INR 9,785 per sq ft, making it the country’s second-costliest housing market after Mumbai Metropolitan Region (MMR).
• Across the top eight cities, housing prices increased between 3 per cent and 24 per cent annually, while the weighted average crossed INR 10,000 per sq ft for the first time.
• Housing sales across the eight cities declined 2.2 per cent year-on-year to 95,973 units during the quarter, although Bengaluru, Chennai, Hyderabad and Delhi-NCR recorded sales growth.
• The report highlighted that premium and upper mid-income housing segments continued to dominate new launches across major cities including Bengaluru, MMR and Delhi-NCR.Read more

30 May 2026

SolarEdge Technologies has launched its new Research and Development campus, the India Development Center, in East Bangalore as part of its global expansion strategy. The facility will focus on developing advanced power electronics and smart energy technologies while strengthening the company’s engineering capabilities. It will also support hiring across multiple technical domains, including embedded systems and hardware design. Company leaders highlighted India’s strong position in the solar and engineering sectors and noted that the new centre will enhance collaboration, innovation, and product development across its global R&D network.Read more

30 May 2026

Farmers who had contributed land for the development of Amaravati received returnable plots through an e-lottery process conducted at the APCRDA office in Rayapudi. Provisional certificates were distributed to beneficiaries under the Land Pooling Scheme and the Negotiated Settlement Policy. A total of 54 plots were allotted to 18 farmers under the LPS, while 155 additional plots were distributed to farmers from multiple villages. Officials said support would be provided for plot identification and registration. The exercise is part of the continuing implementation of the Amaravati capital city development programme and land return commitments made to participating farmers.Read more

30 May 2026

• The Odisha government is planning to add service roads along the 67-km Bhubaneswar–Puri stretch of NH-316 to address increasing traffic congestion and improve regional connectivity.
• Officials reviewed proposals for widening the existing four-lane highway to six lanes along with separate service roads on both sides of the corridor.
• The proposed infrastructure package also includes an 11-km elevated corridor, flyovers, vehicular underpasses and dedicated utility infrastructure.
• The highway is a key route connecting Bhubaneswar, Puri and major tourism centres, witnessing heavy traffic during festivals and peak travel periods.
• The state government is assessing long-term traffic demand, future urban expansion and integration with broader transport infrastructure projects in the capital region.Read more

30 May 2026

Shiv Sena (UBT) MLA Varun Sardesai has sought an inquiry into alleged restrictions on public access at City Park in Bandra Kurla Complex (BKC), claiming portions of the publicly funded urban space are being used predominantly by officials and select groups linked to the Mumbai Metropolitan Region Development Authority (MMRDA). The issue follows complaints regarding deteriorating civic amenities, inaccessible recreational facilities and uneven maintenance standards across different sections of the park. Sardesai has written to the Chief Minister and MMRDA commissioner seeking disclosure of maintenance expenditure, review of access protocols and action against officials if irregularities are established.Read more

30 May 2026

• Mizoram is planning to develop the 132-MW Tuivai Hydroelectric Project in Saitual district near the Manipur border.
• The project is estimated at INR 2,289.50 crore and is expected to be completed within five years.
• The DPR has been completed and the project is now ready for the tendering process.
• Mizoram currently meets only around 10 per cent of its electricity demand through local generation and spends nearly INR 649.54 crore annually on power purchases.
• The state government is also exploring implementation of the hydropower project through the PPP model.Read more

30 May 2026

• Ludhiana Improvement Trust’s proposed e-auction for the long-stalled City Centre commercial complex failed to receive bidders despite renewed monetisation efforts.
• The INR 197 crore mixed-use project has remained incomplete for nearly 18 years amid legal disputes, financial setbacks and multiple failed revival attempts.
• Auction documents issued earlier this year outlined fresh e-bidding procedures, payment conditions and allotment rules under Punjab’s municipal property regulations.Read more

30 May 2026

India’s semiconductor ambitions are increasingly being supported by Global Capability Centres (GCCs), which are evolving from traditional support units into advanced engineering and innovation hubs. These centres are now involved in chip design, embedded systems, silicon verification, AI hardware research, and electronic design automation. Global companies across automotive, telecom, aerospace, and tech sectors are expanding semiconductor-linked operations in India through GCCs. The trend is also influenced by global supply chain diversification and geopolitical shifts. This shift is expected to strengthen India’s position in semiconductor design, research, and deep-tech development over the coming years.Read more

30 May 2026

• Navi Mumbai Municipal Corporation conducted a special water quality inspection drive after complaints regarding drinking water quality in certain parts of the city.
• A total of 663 water samples were collected and tested across water treatment facilities, transmission pipelines and multiple residential nodes.
• The inspection covered Bhokarpada Water Treatment Centre, major water mains and areas including Belapur, Nerul, Vashi, Airoli and Digha.
• Water samples were tested for pH, TDS, residual chlorine and turbidity as per BIS IS 10500 standards and CPHEEO guidelines.
• NMMC stated that all tested samples met prescribed drinking water quality standards and confirmed that potable water supply remains safe across the city.Read more

Ashish S. Majithia

30 May 2026

• Automated Parking Systems (APS) are witnessing increased adoption across Indian cities amid rising vehicle density and shrinking urban land availability.
• Developers across residential, commercial and mixed-use projects are using APS to optimise parking capacity and improve land utilisation.
• The systems use robotic and mechanical technology to park vehicles without manual navigation, reducing congestion and improving user convenience.
• Smart city initiatives, sustainability goals and technology integration are further accelerating deployment of automated parking infrastructure.
• Premium housing projects, office developments, malls and hospitals are increasingly incorporating APS as part of modern urban infrastructure planning.Read more

30 May 2026

Inflection Point Ventures (IPV) has entered into a strategic partnership with Bajaj Capital to offer startup investment opportunities to high-net-worth individuals (HNIs) through structured alternative investment products. Under the association, Bajaj Capital’s network of over 25,000 financial advisors across more than 300 offices will distribute IPV’s Category I Alternative Investment Fund (AIF). The partnership is aimed at widening access to early-stage startup investments in India through a regulated and professionally managed route. IPV has invested over INR 900 crore in more than 280 startups so far and recently reported 16 exits in FY2026 with a blended IRR of 41%.Read more

30 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) honoured farmer Chintala Sriramamurthy for contributing family-owned land towards the development of Amaravati. Sriramamurthy had pooled around 16.70 acres of land located in Lingayapalem, Sakhamuru and Kondamarajupalem villages for the capital city project. During the recent e-lottery programme held at the APCRDA office in Rayapudi, he was allotted 11 returnable plots. APCRDA Commissioner V. Vijayarama Raju IAS, along with senior officials, presented the provisional allotment certificate to him and felicitated him with a shawl in recognition of his contribution to the capital region development initiative.Read more

30 May 2026

• IndiFrame has entered the Andhra Pradesh market with the launch of its first channel partner store in Kurnool in association with Varaahi Enterprises.
• The launch marks the company’s first dealer-led expansion under its new brand identity and forms part of a broader regional growth strategy across southern and western India.
• IndiFrame plans to open 10–15 channel partner stores across Andhra Pradesh, Telangana and Maharashtra over the next 12 months.
• The company is targeting Tier-II and Tier-III markets within India’s largely unorganised fenestration industry, which is estimated to be valued at INR 1.27 lakh crore.
• Kurnool has been identified as a strategic growth market due to ongoing infrastructure investment, residential construction activity and improving regional connectivity.Read more

30 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Kuragallu as part of the ongoing land acquisition and land pooling activities for the Amaravati capital development project. Senior APCRDA officials informed villagers that farmers whose lands were included in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme (LPS) within the prescribed timeline. Officials also reviewed infrastructure development plans for capital region villages and urged landowners to cooperate with the ongoing works. Farmers who received returnable plots were also asked to complete their registrations at designated local offices.Read more

30 May 2026

• MMRDA officials conducted a site inspection of the upcoming Chembur Metro station and nearby VN Purav Monorail station to review multimodal integration plans.
• The Chembur Metro station is expected to emerge as a key interchange point linking metro and monorail connectivity in eastern Mumbai.
• Authorities assessed operational preparedness, passenger movement and ease of interconnectivity between the two transport systems.
• The integration is aimed at improving travel access for commuters across Mumbai’s eastern suburbs and South-Central Mumbai.
• Officials stated that the initiative forms part of MMRDA’s broader vision of creating a seamless urban mobility network across the Mumbai Metropolitan Region.Read more

30 May 2026

Casagrand Premier Builder Limited has expanded its residential portfolio in Chennai with the launch of two new housing projects across North and South Chennai. The developer introduced Casagrand Aquagrove, a waterfront luxury apartment community overlooking Puzhal Lake in Madhavaram, and Casagrand Glenmere, a villa community in Thaiyur along the OMR growth corridor. Together, the projects add more than 650 homes to the market across premium apartment and villa segments. The launches reflect rising demand for larger homes, lifestyle-focused communities and projects located near emerging infrastructure and employment hubs in Chennai.Read more

30 May 2026

Dubai’s ultra-luxury residential market has recorded a new benchmark after a five-bedroom villa in Al Barari was leased for AED 14 million over two years. The transaction, closed by fäm Properties, is now the highest rental deal recorded in the premium community, surpassing the earlier annual record by 46%. The villa, located in The Collection at Al Barari, was originally bought for AED 54 million and is delivering a yearly rental yield of 12.8%. The tenant, a Brazilian ultra-high-net-worth individual, sought a wellness-focused and private living environment, leading to an off-market leasing arrangement after limited suitable rental inventory was available in the community.Read more

30 May 2026

India’s commercial real estate sector is seeing a shift towards future-ready office hubs as businesses increasingly prioritise sustainability, employee wellbeing, smart infrastructure and operational efficiency. Developers are moving beyond traditional office spaces by creating integrated ecosystems with flexible layouts, AI-enabled systems, wellness-focused amenities and green-certified infrastructure. Industry experts believe demand is being supported by infrastructure growth, evolving workplace expectations and ESG-led corporate strategies. Reports by Savills India also indicate that modular and reusable office fit-outs can significantly reduce embodied carbon emissions, strengthening the focus on sustainable commercial development across major business districts.Read more

30 May 2026

• Housing prices across eight major Indian cities increased between 3% and 24% year-on-year during January–March 2026, according to PropTiger.
• Bengaluru recorded the highest annual appreciation at 24%, followed by Mumbai Metropolitan Region at 20% and Delhi-NCR at 18%.
• The report attributed the sustained price growth to stronger demand quality, controlled inventory levels and improving buyer confidence.
• Industry stakeholders highlighted infrastructure expansion, premium housing demand and economic activity as major drivers of price appreciation.
• Developers stated that key residential markets are increasingly witnessing end-user-driven growth rather than speculative demand.Read more