Mumbai News Desk

02 Apr 2026

Malaika Arora has rented out her apartment in Bandra West, Mumbai, for a total lease value of around INR 1.17 crore over a three-year period. The agreement starts at a monthly rent of about INR 3.10 lakh, with structured increases during the tenure. The deal was registered recently, as per official property documents accessed through the registration portal. The transaction reflects steady demand for premium rental homes in key Mumbai locations and highlights how high-value residential assets are being used to generate consistent rental income.Read more

Delhi News Desk

02 Apr 2026

Fair Exports (India) Pvt Ltd, part of Lulu Group International, has purchased a premium bungalow in Delhi's Sunder Nagar for INR 89.5 crore. The deal involved a stamp duty payment of INR 6.26 crore and reflects steady demand for ultra-luxury homes in Lutyens Delhi. The seller was based overseas, which slightly delayed documentation. The locality has seen several high-value deals in recent years, including transactions above INR 100 crore. Demand from high-net-worth individuals continues, supported by both investment potential and end-use requirements.Read more

Mumbai News Desk

31 Mar 2026

Actor Madhuri Dixit has leased a commercial office unit in Lower Parel, Mumbai, with a total rental commitment of approximately INR 2.81 crore over a five-year tenure. The transaction, registered recently, involves a 731 sq ft unit in a premium office development and includes a structured rental escalation of 5% annually. The agreement also comprises a security deposit of INR 17 lakh along with statutory charges. Located in one of Mumbai's key commercial micro-markets, the deal reflects sustained demand for Grade-A office assets despite evolving occupier dynamics. The transaction highlights continued interest from high-net-worth individuals in leasing premium commercial space within established business districts.Read more

Chennai News Desk

10 Mar 2026

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

09 Mar 2026

Bollywood actor Amitabh Bachchan has purchased a 2.67-acre land parcel in Ayodhya for INR 35 crore from real estate developer House of Abhinandan Lodha (HoABL). The transaction was executed by Rajesh Yadav on behalf of AB Corp Ltd. The land is located near HoABL's 75-acre luxury plotted development The Sarayu, where Bachchan had earlier purchased land parcels in 2024. This marks the actor's third investment in Ayodhya through HoABL and his fourth overall investment in the city. The deal highlights growing investor interest in Ayodhya's real estate market amid ongoing infrastructure development and rising demand for plotted land in emerging religious and tourism destinations.Read more

57 minutes ago

IndiGo is set to increase its domestic operations to nearly 2,000 daily flights during the summer schedule, expanding capacity as travel demand rises across India. The airline, which currently operates over 1,850 daily flights, is adding new routes and boosting frequencies after resolving earlier operational constraints. Network expansion includes new destinations like Bhavnagar and Jamnagar, along with increased connectivity from key hubs and upcoming airports such as Navi Mumbai and Noida International Airport. Alongside domestic growth, IndiGo is also expanding internationally with new routes and aircraft, while continuing to manage challenges like airspace restrictions, airport congestion and rising operational costs.Read more

5 hours ago

The Jammu and Kashmir administration has begun reviving the historic Mohra Hydroelectric Power Project in Baramulla to boost local power generation and reduce dependence on external supply. Originally commissioned in 1905, the project once generated up to 10.5 MW before becoming defunct after flood damage in 1992. The restoration will include infrastructure upgrades while preserving key heritage features. This initiative aligns with the region's broader plan to expand hydropower capacity to 11,000 MW by 2035. Alongside major projects, the revival of Mohra highlights efforts to utilise existing assets, improve energy reliability and support long-term infrastructure development in the Union Territory.Read more

7 hours ago

A war memorial dedicated to the martyrs of the 1857 uprising, located along the Ambala Delhi national highway in Haryana, is nearing completion and is expected to be inaugurated soon. The Shaheedi Memorial project has entered its final execution phase, with state officials directing agencies to complete pending works to prescribed quality standards. The complex includes cultural and public infrastructure such as an auditorium, exhibition spaces, and a commercial zone with retail and food facilities. Authorities have undertaken inspections of civil, electrical, and drainage systems to ensure readiness ahead of the monsoon. The project forms part of the state's broader effort to create commemorative and tourism-linked infrastructure along key highway corridors.Read more

9 hours ago

India Infrastructure Finance Company Ltd (IIFCL) has highlighted the critical role of the infrastructure sector in sustaining long-term economic growth and achieving the Viksit Bharat 2047 vision. Addressing a stakeholder meeting attended by over 100 participants from across the infrastructure and financial ecosystem, senior officials pointed to expanding opportunities in transport, urban infrastructure, and clean energy, supported by a strong project pipeline and policy backing. The institution emphasised its focus on diversified and sustainable financing, including ESG-aligned investments and global partnerships. Discussions also centred on the need for innovative funding structures and greater capital market participation to support the next phase of infrastructure development in India.Read more

10 hours ago

India Infrastructure Finance Company Ltd (IIFCL) is planning to mobilise up to USD 1 billion in long-term commercial debt during the ongoing quarter through a guarantee structure supported by the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group. The proposed fundraising, currently under approval, will not carry a sovereign guarantee and is intended to reduce pressure on the public exchequer while supporting infrastructure financing. The state-owned lender is in advanced discussions with global banks for a 15-year tenure borrowing. The move follows IIFCL's recent overseas fundraising success, including a USD 500 million issue from Japan. The company continues to strengthen its balance sheet, reporting improved profitability and maintaining low non-performing assets.Read more

3 hours ago

The Maharashtra State Contractors' Association has warned the state government of a potential halt in infrastructure works from April 7 if pending dues exceeding INR 96,000 crore are not cleared. The dues span multiple departments, including public works, water supply, rural development and urban infrastructure. The association stated that despite partial payments of around INR 20,000 crore in the previous year, fresh bills have pushed arrears back to high levels, impacting nearly three lakh contractors. The development comes amid reported fiscal pressures on the state government due to increased welfare spending and borrowing, raising concerns over project execution and liquidity across the construction ecosystem.Read more

6 hours ago

The Haryana Real Estate Regulatory Authority (HRERA) has dismissed a complaint by Sunrays Heights Pvt Ltd against homebuyers over alleged payment defaults in its Gurugram project. The developer had sought recovery of dues with interest, but the authority ruled that such disputes must be handled as per builder-buyer agreements, not through regulatory intervention. HRERA clarified that payment-related issues are contractual matters and should be resolved through appropriate legal channels. The decision reinforces the role of agreements in real estate transactions and highlights that RERA's mandate is focused on regulation and compliance, not dispute recovery for developers.Read more

8 hours ago

The National Company Law Appellate Tribunal has rejected a plea by Raheja Developers to terminate insolvency proceedings for its Raheja Shilas project in Gurugram, stating that disputes with homebuyers remain unresolved. The tribunal held that withdrawal of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code can only be permitted after a complete settlement between parties. Over 40 homebuyers had initiated the insolvency proceedings, objecting to closure despite claims of possession being handed over. The tribunal has limited the CIRP to the specific project while allowing creditors related to other developments to pursue independent legal action.Read more

10 hours ago

Ceigall India has secured 15 power purchase agreements through its subsidiary to supply electricity from a 130 MW solar project in Madhya Pradesh under the Surya Mitra Krishi Feeder Yojana. The project will provide daytime power to the agricultural sector and support clean energy goals. With an EPC cost of around INR 572 crore, the project will be executed within 12 months and operated for 25 years at a tariff of INR 2.85 per unit. This marks the company's entry into solar energy alongside its infrastructure business.Read more

13 hours ago

The National Company Law Appellate Tribunal (NCLAT) has ruled in favour of Delhi Metro Rail Corporation (DMRC), stating that it is not obligated to revive a previously terminated concession agreement with Pratibha Industries Ltd (PIL). The agreement, linked to a multi-level parking project at the New Delhi Railway Station-Airport Express Line, had been terminated well before insolvency proceedings began. The decision modifies an earlier NCLT order that had directed DMRC to cooperate with the resolution plan. The ruling clarifies limits on tribunal authority over third-party contracts in insolvency cases.Read more

1 hour ago

India Infrastructure Finance Company Ltd plans to increase its investment in Infrastructure Investment Trusts (InvITs) to INR 6,000 crore by FY27, doubling its current exposure of around INR 3,000 crore across nine InvITs. The move supports its strategy to diversify infrastructure financing and expand into market-linked instruments. InvITs are gaining traction as a stable investment option for operational assets in sectors like transport, urban infrastructure and clean energy. Backed by strong financial performance, healthy asset quality and a robust project pipeline, the institution aims to strengthen its role in India's infrastructure growth while balancing risk, returns and sector exposure through a diversified portfolio.Read more

2 hours ago

The Lucknow Development Authority has started a city-wide door-to-door verification drive to update records of residential and commercial properties under its schemes. The initiative aims to fix outdated or missing documentation, reduce fraud and improve property record management. Survey teams will collect ownership details, ID proofs and contact information to align official data with actual occupancy. This move supports the digitisation of property records, making processes like ownership verification, transfers and grievance handling more efficient. The exercise also reflects a broader push to improve transparency, strengthen governance and minimise disputes in Lucknow's real estate market.Read more

5 hours ago

Navi Mumbai Municipal Corporation has recorded its highest-ever annual water tax collection of INR 112 crore in FY26, reflecting improved revenue mobilisation and citizen compliance. The achievement, covering the period from April 2025 to March 2026, has been attributed to structured recovery drives, increased use of digital payment systems and sustained outreach initiatives. Civic authorities highlighted the role of technology-enabled billing, extended payment facilities and targeted follow-ups in boosting collections. The milestone marks a significant improvement in municipal revenue performance, with officials emphasising transparency and ease of payment as key drivers behind the increase in collections.Read more

7 hours ago

Sobha Ltd has reported an 11% year-on-year increase in quarterly sales bookings to INR 2,039.3 crore in Q4 FY26, supported by steady demand across residential projects. For the full financial year, the developer achieved its highest-ever pre-sales of INR 8,135.9 crore, marking significant growth over the previous year. Bengaluru remained the largest contributor, accounting for 55% of total sales, followed by Delhi-NCR and Kerala. The company also recorded substantial project launches and completions during the year, reflecting sustained momentum in the housing sector despite global uncertainties affecting broader economic conditions.Read more

Bangalore News Desk

11 hours ago

BHIVE Workspace has leased approximately 1.4 lakh sq ft of office space at Phoenix Asia Towers in Hebbal, marking its entry into north Bengaluru's commercial real estate market. The facility, with a seating capacity of over 2,600 professionals, will offer a mix of co-working, managed offices, and enterprise suites. The transaction is part of the company's broader expansion strategy, which includes adding nearly 1 million sq ft of capacity in 2026 with an investment of around INR 250-300 crore. The deal also represents BHIVE's first collaboration with The Phoenix Mills Limited and reflects growing demand for large-format flexible workspaces in emerging business districts of Bengaluru.Read more

4 hours ago

HBL Engineering Limited has secured an INR 800.36 crore contract from Banaras Locomotive Works to supply, install and commission onboard Kavach 4.0 systems for Indian Railways. The indigenous automatic train protection technology is designed to improve rail safety by preventing overspeeding, signal violations and collisions. The project will be executed over 12 months and forms part of Indian Railways broader push to upgrade safety infrastructure across its network. This order strengthens HBL's growing presence in railway safety systems, driven by rising demand for Kavach deployment as the sector focuses on modernisation, automation and improved operational reliability.Read more

6 hours ago

Prestige Estates Projects Ltd has launched a large-scale residential project, Prestige Golden Grove, in Tellapur, Hyderabad, with an estimated revenue potential exceeding INR 9,500 crore. Spread across 28.6 acres, the development will comprise 5,120 housing units with a total saleable area of 10.36 million sq ft. The project caters to mid- to upper-segment buyers, with ticket sizes ranging between INR 1 crore and INR 3 crore. The launch forms part of the company's ongoing expansion strategy in Hyderabad, a market it identifies as demonstrating sustained housing demand supported by infrastructure growth and economic activity.Read more

8 hours ago

TVS Industrial & Logistics Parks (TVS ILP) has entered into a memorandum of understanding with the Karnataka government to invest INR 200 crore in developing industrial and logistics parks across the state. The agreement, formalised recently at an investment conclave in Bengaluru, focuses on creating technology-enabled facilities catering to sectors such as manufacturing, e-commerce, and third-party logistics. The company, which already operates 14 parks in South India, aims to expand its regional footprint through this investment. The development comes amid sustained growth in India's industrial and logistics real estate sector, where leasing activity has recorded double-digit annual growth, driven primarily by manufacturing demand and supply chain expansion across major and emerging markets.Read more

15 hours ago

M3M India has announced a construction acceleration programme with an investment outlay of INR 14,500 crore to expedite delivery across its 45 million sq ft under-development portfolio. The initiative, funded entirely through internal accruals and working capital, will maintain the company's zero-debt position. As part of the plan, around 7.8 million sq ft has been prioritised for completion by FY27, spanning premium residential and mixed-use commercial developments, largely in Gurugram. Key projects include M3M Capital 113 and M3M Antalya Hills 79, alongside commercial assets such as M3M Paragon 57. The phased delivery pipeline is expected to extend over the next few years, with a focus on improving execution timelines and project completion rates.Read more

Mumbai News Desk

18 hours ago

Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area. This comes soon after the company secured a larger redevelopment deal at Peddar Road. The move reflects its steady focus on South Mumbai, where limited land supply and strong demand continue to drive redevelopment activity.Read more

12 hours ago

Deendayal Port Authority (DPA) has emerged as the top cargo handling major port in India during FY26, moving ahead of Paradip Port Authority. The port recorded strong cargo volumes driven by better operational efficiency, faster vessel turnaround and improved coordination with stakeholders. It achieved key milestones during the year, including crossing major cargo handling marks well ahead of schedule. Paradip continues to remain a strong player with high bulk cargo volumes and ongoing expansion plans. The development reflects increasing competition and shifting rankings among India's major ports.Read more

17 hours ago

Adani Ports and Special Economic Zone Ltd (APSEZ) has surpassed 500 million tonnes of cargo handled, marking a significant operational milestone for India's largest private port operator. The achievement reflects the company's expansion from a single-port model in the late 1990s to a network of 19 ports and terminals across India and overseas. With an annual handling capacity of about 633 million tonnes and a market share of roughly 28% of India's port cargo, the company continues to strengthen its role in trade and logistics. APSEZ has also indicated a long-term target of reaching 1 billion tonnes by 2030, supported by integrated infrastructure spanning ports, rail, road, and warehousing.Read more

05 Apr 2026

KSH Distriparks has inaugurated Pune's first dedicated empty container yard, a 15-acre facility located near the Mumbai-Pune Expressway, aimed at improving container availability in a key manufacturing and export corridor. The yard is designed to handle up to 100,000 TEUs annually and offers integrated services including storage, repair, washing and vehicle pre-delivery inspection (PDI). The development addresses a long-standing infrastructure gap in the Chakan Talegaon belt, where rising industrial and export activity had led to operational inefficiencies. The facility is expected to streamline container turnaround times and strengthen logistics support for exporters, shipping lines and industrial operators in the region.Read more

03 Apr 2026

Leasing of industrial and warehousing spaces across 24 Indian cities increased by 16% year-on-year to 18.5 million sq ft in the first quarter of 2026, according to Savills. The growth was driven by strong demand from manufacturing, third-party logistics (3PL), and e-commerce sectors. Tier-I cities such as Ahmedabad, Bengaluru, and Delhi-NCR accounted for 79% of total absorption, while Tier-II and Tier-III cities contributed 21%. New supply rose sharply by 39% to 22.1 million sq ft during the quarter. Manufacturing led leasing activity with a 35% share, followed by logistics and consumer-driven sectors, indicating sustained momentum in India's industrial real estate segment.Read more

01 Apr 2026

Titagarh Rail Systems has received a Letter of Intent (LoI) from JSW Port Logistics Private Limited for a contract valued at INR 226.35 crore to manufacture and supply 720 wagons. The order, excluding GST, is expected to be executed within six months from commencement, subject to final agreement and purchase order. The contract has been awarded by a domestic entity and does not involve related-party transactions. The development adds to the company's order book and reflects ongoing demand for freight rolling stock driven by port-led logistics and industrial activity. The contract also indicates increasing private sector participation in rail-based cargo infrastructure.Read more

05 Apr 2026

Construction has begun on the Crowne Plaza 5-Star Hotel in Amaravati, marking a key step in expanding the city's hospitality infrastructure. Developed by Indrayal Hotels Private Limited and consortium, the hotel will be built on four acres in Shakamuru, featuring 200 rooms and an investment of around INR 300 crore. The project is expected to provide jobs for 500 people. The move reflects APCRDA's ongoing strategy of allocating land and ensuring timely project execution, contributing to the balanced and inclusive development of Amaravati as a modern, well-planned capital city.Read more

05 Apr 2026

Haworth India organised a series of women's leadership roundtables in Bengaluru and Hyderabad as part of its Give to Gain initiative, engaging senior professionals from architecture, corporate real estate and project management sectors. The discussions, held as moderated panels, focused on the role of workplace design, mentorship and inclusive policies in improving organisational performance. The initiative, conducted across five cities including Delhi, Mumbai and Chennai, aimed to position inclusion as a business driver rather than a social objective. Participants highlighted the importance of structured support systems, leadership culture and adaptive workplaces in enabling women's participation and leadership across different stages of their careers.Read more

05 Apr 2026

Avenue Supermarts Limited has opened a DMart store at Omaxe Connaught Place in Beta II, Greater Noida, expanding its presence in the National Capital Region with its largest outlet in the region. The store spans over 50,000 sq ft on a single floor and marks DMart's first entry into Greater Noida. The development, which has a total retail footprint of around 12 lakh sq ft, gains a daily-needs anchor aimed at increasing regular footfall. The addition aligns with rising demand for organised retail in emerging urban clusters, supported by residential growth and improving connectivity. It also reflects the relatively low penetration of organised retail in India, estimated at under 15%.Read more

04 Apr 2026

ITC Hotels Limited has launched Storii Jawai, a 15-key boutique retreat in Rajasthan, marking the 11th property under its Storii brand. Located in the Jawai region, known for its leopard habitat, granite landscapes, and river ecosystem, the project focuses on nature-led and experiential tourism. Developed in partnership with 1st Gate Luxe Pvt. Ltd., the property integrates safari-style accommodation with low-impact design elements such as tented villas, private courtyards, and preserved green zones. The development aligns with the growing demand for boutique and eco-sensitive hospitality formats in emerging leisure destinations. It also reflects increasing investor interest in experiential tourism assets that combine wildlife, culture, and premium accommodation.Read more

04 Apr 2026

SOTC Travel has expanded its retail presence in Hyderabad with the launch of a new franchise outlet in Himayath Nagar, taking its total network in the city to five locations. The outlet is positioned in a key commercial and residential catchment with high consumer footfall and connectivity. The company will offer its omnichannel services through the store, including domestic and international holiday packages, group tours, cruises, and travel insurance. The expansion reflects sustained demand for organised travel services in urban markets such as Hyderabad, where consumer preferences are evolving towards experiential and customised travel, alongside continued interest in both leisure and pilgrimage segments.Read more

16 Mar 2026

India's real estate sector is steadily moving from traditional practices to a technology-driven ecosystem, with the PropTech segment projected to reach about USD 3.79 billion to USD 4.29 billion by 2030. In this evolving environment, PropTech Pulse has positioned itself as a knowledge-focused digital platform aimed at improving transparency and decision-making in property transactions. The platform combines data tools, market insights, verified listings, and financing assistance to support developers, investors, lenders, and homebuyers. By prioritizing access to verified information and educational resources, the platform seeks to address long-standing trust issues that have affected India's property market for decades.Read more

23 Feb 2026

As property transactions continue to rise across Tamil Nadu, Chennai-based proptech platform LandLens has positioned itself as a due diligence tool aimed at identifying land and property risks before purchase decisions are finalised. Developed by Verified.RealEstate, the platform integrates land records, zoning regulations, environmental indicators and infrastructure constraints into a single digital interface. Industry experts note that many real estate disputes arise not from lack of data but from fragmented information spread across departments, making holistic assessment difficult for buyers. Recent cases involving temple land claims, coastal regulation restrictions and environmental compliance issues have reinforced the need for early verification. LandLens seeks to address this gap by structuring public data into actionable insights, supporting buyers, investors and developers in making informed property decisions before financial commitments are made.Read more

23 Feb 2026

OpenAI and JioHotstar have partnered to integrate streaming recommendations into ChatGPT, enabling users to receive direct links to shows, movies and live sports available on the platform. Entertainment-related queries on ChatGPT will now feature contextual suggestions from JioHotstar's catalogue. The collaboration also introduces a ChatGPT-powered voice discovery feature within the JioHotstar app, allowing users to search by mood, intent or context using natural voice prompts. The companies said the integration aims to simplify content discovery and personalise viewing experiences. The move highlights the growing role of artificial intelligence in reshaping India's digital streaming and media landscape.Read more

23 Feb 2026

Experts from government, technology and global agencies met at Bharat Mandapam, New Delhi, to discuss how artificial intelligence can transform disaster management. Hosted by SEEDS and UNDRR, the dialogue focused on shifting from reactive response to anticipatory, hyperlocal and scalable risk governance. Speakers highlighted AI-driven early warning systems, predictive models using weather and satellite data, and offline tools for low-connectivity regions. Discussions also stressed legal frameworks, institutional readiness and community participation to ensure effective adoption. With growing climate risks across India and South Asia, the session underscored the need for integrated, people-centred disaster resilience systems powered by AI innovation.Read more

09 Feb 2026

Anant Raj Ltd has entered into a strategic partnership with AI infrastructure provider Submer to develop fully operational, AI-ready data centres across India through its subsidiary, Anant Raj Cloud. Formalised through a memorandum of understanding, the collaboration aims to support large-scale sovereign and enterprise AI workloads by deploying high-density, energy-efficient computing platforms. The partnership will bring Submer's liquid-cooling and modular data centre technologies from Spain, integrated with Anant Raj's existing campus infrastructure in Manesar and Panchkula, Haryana. By expanding beyond traditional colocation and cloud services into utility-grade AI infrastructure, Anant Raj seeks to address the growing demand for GPU-intensive workloads. The initiative also aligns with India's broader push towards AI sovereignty and sustainable digital infrastructure.Read more

28 Mar 2026

Bhopal Municipal Corporation has presented a budget of about INR 3,938 crore for FY 2026-27, keeping property tax and water charges unchanged while increasing sewage fees. The budget focuses strongly on improving water supply and sewage infrastructure, with major investments in pipelines, treatment facilities and household tap connections. Projects under AMRUT 2.0 continue to drive expansion. Despite the relief on taxes, the civic body has projected a deficit of around INR 108 crore, reflecting financial pressure amid rising infrastructure needs and growing urban demand.Read more

27 Mar 2026

The Delhi government has presented a INR 1.037 lakh crore budget for FY27, outlining allocations across infrastructure, urban development, transport and social welfare. The budget designates 21 per cent of total spending towards environmental initiatives, while key sectors such as education, health, transport and urban development receive significant allocations. Measures include expansion of electric public transport, road upgrades, water and sewage infrastructure, and new urban facilities. The plan also introduces welfare schemes covering healthcare, women's support and education, alongside proposals for semiconductor policy development and disaster management infrastructure. The budget reflects a combined focus on urban infrastructure, environmental measures and service delivery improvements.Read more

26 Mar 2026

Delhi Chief Minister and Finance Minister Rekha Gupta presented the 2026-27 budget with a total outlay of around INR 1,03,700 crore, positioning it as a & green budget focused on infrastructure, connectivity, and urban development. The government projected tax revenue of INR 74,000 crore and significant allocations across sectors, including public works, power, water management, and municipal support. Key announcements included road upgrades, flyover expansion, dust-free road initiatives, and strengthened firefighting systems. The budget also emphasized development in trans-Yamuna areas and industrial zones.Read more

26 Mar 2026

A debate in the Rajya Sabha has brought attention to a significant gap between the Union Budget estimates and revised figures. TMC MP Saket Gokhale alleged that the NDA government revised its 2025-26 Budget Estimate by nearly INR 10 lakh crore. He highlighted major reductions in allocations across key sectors such as housing, sanitation, and employment, and raised concerns over underutilisation of funds in schemes like the Jal Jeevan Mission. The government was also criticised for high debt servicing costs and pending dues to states, particularly West Bengal.Read more

25 Mar 2026

Delhi's economic survey for 2025-26 indicates steady growth, with per capita income expected to reach around INR 5,31,610, marking a rise of nearly 8 per cent. The report highlights strong infrastructure, welfare spending, and a services-led economy as key drivers. While the government continues to maintain a revenue surplus, higher capital expenditure has led to an increase in fiscal deficit. Tax collections are projected to grow significantly, supported largely by GST and VAT. Overall, the data reflects a stable financial position with increased public spending aimed at long-term development.Read more

9 hours ago

Dubais real estate market saw strong growth in Q1 2026, with 47,996 property transactions worth AED176.7 billion, reflecting rising investor demand. The off-plan segment dominated activity, contributing around 70% of total deals, supported by new project launches. Apartments led in volume, while villas recorded significant value growth and rising prices. Commercial and mortgage transactions also increased, indicating higher investment activity. Key areas such as Dubai South and Al Barsha South saw high traction. Despite a dip in plot prices, the market remains driven by new supply, strong buyer interest and confidence in Dubai's real estate fundamentals.Read more

11 hours ago

British utility SSE has revised its annual earnings outlook upward by increasing the lower end of its guidance, supported by stronger renewable energy generation and higher investment in regulated networks. The company expects renewable output to grow significantly in the current fiscal year, backed by new capacity additions. Its large-scale five-year investment plan continues to focus on expanding renewable assets and upgrading the UK's ageing power grid. Despite rising global energy prices due to tensions in the Middle East, SSE has not seen any immediate operational impact, citing the resilience of its diversified business model.Read more

13 hours ago

Vietnam is preparing a set of measures to support its stock market after a sharp decline triggered by global tensions linked to the Iran war. Proposals include creating a government-backed stabilisation fund, easing share buybacks, tightening trading limits and using influencers to improve investor sentiment. Authorities have been asked to act on these recommendations, though the extent of implementation is unclear. The move also aims to secure an upgrade by FTSE Russell and support the real estate sector. Regional peers are taking similar steps as market volatility and currency pressures continue to impact Asian economies.Read more

04 Apr 2026

Danube Properties has launched Greenz, a master-planned residential community in Dubai International Academic City, marking its entry into large-scale integrated developments. The project will feature villas and townhouses, with completion expected in 36-40 months and handover targeted by the end of 2029. Located near Dubai Silicon Oasis, the site lies within a high-growth corridor supported by planned infrastructure such as the District IO technology hub and the upcoming Blue Line Metro. The development will offer over 50 amenities and a mix of three- to five-bedroom configurations. With prices starting from AED 3.5 million, the project is positioned to attract both end-users and investors in Dubai's expanding suburban residential market.Read more

03 Apr 2026

Canada's major banks have a combined exposure of around CAD 880 million (USD 634.33 million) to non-prime lender goeasy, as per TD Cowen analysts. The company recently withdrew its financial forecast, reduced its dividend and reported losses linked to weaknesses in its loan book, particularly in auto and vehicle financing. Despite this, analysts believe the exposure does not pose a significant risk to banks, as their lending is directed at the company and not its borrowers. Goeasy has also secured temporary relief on loan covenants and continues to access funding through structured facilities.Read more