Mumbai News Desk

11 Aug 2026

Mehul Madhusudan Shah, Director of pharmaceutical company Encube Ethicals, along with Niti Mehul Shah, has purchased a sea-facing luxury apartment in Juhu, Mumbai, for over INR 100 crore. The deal, registered on 31 July 2026, involved a 9,862.88-square-foot unit on the 10th floor of Avalon Tower A in Lodha Avalon, on Juhu Tara Road. The transaction was valued at INR 106.52 crore, working out to approximately INR 1,08,001 per square foot. The purchase comes shortly after Encube Ethicals filed its Draft Red Herring Prospectus with SEBI for an INR 3,000 crore initial public offering.Read more

10 Aug 2026

DLF Ltd has sold a penthouse for INR 271 crore at its upcoming super-luxury residential project The Dahlias in DLF Phase 5, Gurugram, according to sources. The 17-acre project, launched in October 2024, comprises 420 apartments and penthouses. Sources said entrepreneur Manav Sardana, who was associated with Imperial Auto, has purchased the penthouse. The transaction is among the costliest residential deals in terms of per-square-foot value, reflecting strong demand for ultra-luxury homes in Gurugram.Read more

07 Aug 2026

A wholly owned subsidiary of Shalimar Paints Ltd. has signed an agreement to sell its commercial property in Gurugram for INR 50 crore as part of the company's strategy to monetise non-core assets and strengthen its balance sheet. In a separate institutional real estate transaction, Edelweiss Emerging Asset Allocation AIF (EAAA) has acquired a Grade A office park in Pune, reinforcing investor interest in income-generating commercial assets despite evolving market conditions. The Gurugram property divestment is expected to unlock value for Shalimar Paints and improve liquidity, while the Pune acquisition reflects continued confidence in India's office real estate market. Both transactions highlight the sustained momentum in commercial real estate, with corporates monetising assets and institutional investors expanding their portfolios through strategic acquisitionsRead more

07 Aug 2026

Actor Madhuri Dixit and her husband, Dr Shriram Nene, have sold two properties in Mumbai's western suburbs for a combined value of INR 9.25 crore. The transactions include a commercial office in Andheri West and a residential apartment in Juhu, according to property registration documents reviewed by CRE Matrix. Both properties recorded substantial appreciation over their purchase prices, reflecting the sustained demand for residential and commercial real estate in established micro-markets such as Andheri and Juhu. The deals also highlight continued activity in Mumbai's premium property market.Read more

29 Jul 2026

Cricketer Virat Kohli and actor Anushka Sharma have expanded their real estate portfolio with the purchase of a luxury apartment worth INR 18.29 crore in Mumbai's Versova locality. The acquisition reflects continued demand for premium residential properties in the city's western suburbs, where branded developments continue to attract high-net-worth individuals. The transaction also highlights the sustained strength of Mumbai's luxury housing market, supported by premium projects, improved infrastructure and growing interest from affluent buyers.Read more

1 hour ago

Grasim Industries reported a 49% year-on-year increase in adjusted profit after tax to INR 2,153 crore for the quarter ended June 30, 2026, supported by stronger performance across its diversified businesses. Consolidated revenue rose 21% to INR 48,716 crore, while EBITDA increased 26% to INR 8,077 crore. Building Materials remained a key contributor, with revenue rising 21% to INR 28,835 crore. Birla Opus recorded 64% year-on-year revenue growth to INR 1,661 crore, while the cement business benefited from higher volumes.Read more

2 hours ago

The Ministry of Road Transport and Highways (MoRTH) has revised the Model Concession Agreement (MCA) for build-operate-transfer (BOT) national highway projects to make them more viable for private investors. The revised framework introduces a buyback option, revenue support for concessionaires and mechanisms to share traffic risks between the government and private developers. The changes follow recommendations of an inter-ministerial committee formed to examine challenges in BOT projects. The move comes as the government prepares a large pipeline of highway projects for award and seeks to bring more institutional and private capital into the sector.Read more

3 hours ago

Around 20 small-scale companies operating in the Chakan MIDC area near Pune have decided to shift their plants to Khandala MIDC in Maharashtra, citing prolonged traffic congestion, poor road conditions and inadequate infrastructure. Business owners said traffic jams lasting four to five hours are affecting employee attendance, production and finances despite repeated representations to authorities. The decision comes as the state government has again promised infrastructure improvements in Chakan. Officials have now directed departments to undertake road repairs, improve parking, remove encroachments and complete pending highway work, while longer-term road projects are also being planned.Read more

16 Aug 2026

JSW Energy’s subsidiary JSW Neo Energy has signed a shareholders’ agreement with Bhutan’s Druk Green Power Corporation to jointly develop the 920 MW Punatsangchhu-III Hydroelectric Project in Wangdue Phodrang District. The project will be developed through a joint venture in which DGPC will hold a 51% stake and JSW Neo will own 49%. The agreement marks JSW Energy’s first power generation venture outside India, with both partners currently preparing the detailed project report. The project will leverage Bhutan’s significant hydropower potential and DGPC’s experience in developing and operating large hydroelectric assets. JSW Energy has a locked-in generation capacity of 32.4 GW, including 14.9 GW operational and 13.5 GW under construction, along with a 4 GW pipeline. The company is targeting 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030.Read more

16 Aug 2026

The Ministry of Road Transport and Highways (MoRTH) has directed motor vehicle aggregators to remove tipping prompts and related options from their mobile applications before a ride is accepted or completed. The ministry has asked aggregators to comply with Clause 14.15 of the Motor Vehicle Aggregator Guidelines, 2025, which permits passengers to tip drivers only after completing a journey. The entire tip must go to the driver without any deduction by the aggregator. MoRTH has also warned against interface features that could mislead or influence passengers into believing that tipping could improve ride confirmation, driver acceptance, allocation, waiting time or service quality.Read more

2 hours ago

The Ghaziabad Municipal Corporation is considering a proposal to reduce house tax on small shops measuring up to 120 square feet, cutting the rate from five times the residential rate to 1.5 times, which could bring the annual tax on such shops down from approximately INR 5,875 to INR 1,762. The relief is aimed at small traders running businesses such as tea stalls, dairy shops, bakeries, paan shops, salons and tailoring units. Alongside the proposed reduction, the civic body is offering a One-Time Settlement scheme for outstanding dues, running from 15 August to 15 December 2026, and is also examining whether MSME-registered traders can be taxed at residential rates.Read more

3 hours ago

The Bhubaneswar Development Authority (BDA) and Bhubaneswar Municipal Corporation (BMC) jointly demolished 330 transit houses near Kanyashram, under Chandrasekharpur Mouza, as part of an enforcement drive to clear unauthorised occupation of government land. The operation, carried out on Tuesday, also removed 45 toilets and bathrooms, a roughly 500-foot laterite stone boundary wall, an anganwadi centre and three wooden cabins. Officials said the cleared land will facilitate construction of a branch road connecting to the Right Parallel Road, supporting planned infrastructure development in the area. Eight JCB machines and multiple police units were deployed for the operation.Read more

Mumbai News Desk

16 Aug 2026

The Bombay High Court has stayed the Brihanmumbai Municipal Corporation’s move to take possession of a YMCA-run playground and gymnasium at Willingdon Ground in Mumbai Central. The dispute concerns the civic body’s attempt to reclaim the property despite the YMCA claiming rights under an existing lease arrangement. The interim order temporarily prevents the BMC from proceeding with the takeover, while the court examines the legal and contractual issues surrounding the use and possession of the public recreational premises.Read more

16 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) has cautioned candidates participating in its 2025-26 direct recruitment process against relying on unauthorised messages claiming that the Junior Engineer (Electrical) examination result has been declared and appointments have been made. The civic body said it had advertised 132 vacant posts across 20 Group A, Group B and Group C cadres in December 2025 and received 19,220 applications. Online objective multiple-choice examinations for six cadres were conducted through Tata Consultancy Services (TCS iON) across 13 centres in six districts in July. The corporation said some candidates had received fraudulent emails asking them to pay INR 9,373 as a processing fee for original document verification. NMMC clarified that no such communication had been issued by its administration and urged candidates to report such demands to local police.Read more

16 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) removed 1,23,117 mosquito breeding sites during a joint cleanliness and preventive health campaign conducted from July 30 to August 10, 2026. The drive was organised by the civic body's Health Department and Solid Waste Management Department under the ‘Safai Apnao, Bimari Bhagao’ campaign of Swachh Survekshan. Teams from 26 civic health centres worked with mosquito larva control, rodent control and sanitation staff to undertake intensive cleaning and preventive measures. The campaign included removal of scrap, cleaning of clogged drains, mosquito larvicide spraying, minor engineering repairs and rodent control measures. Discarded tyres, coconut shells, plastic containers, broken pots and other waste capable of collecting stagnant water were permanently removed. NMMC has urged residents to keep their homes and surrounding areas clean and dispose of scrap responsibly.Read more

15 minutes ago

Brookfield India Real Estate Trust reported an 8% year-on-year increase in net operating income (NOI) to INR 756.6 crore for the quarter ended June 30, 2026, supported by higher operating lease rentals and steady leasing activity. The REIT recorded consolidated total income of INR 1,030.63 crore, while net profit after tax rose 67% to INR 221.33 crore. Committed occupancy improved to 93%, and gross leasing stood at 1.1 million sq ft during the quarter. Brookfield India REIT also approved a INR 1,700 crore acquisition of a 50% stake in a Grade A office asset at Mumbai’s Bandra-Kurla Complex.Read more

1 hour ago

India needs to significantly increase its infrastructure and manufacturing investments to sustain long-term economic growth and move towards its larger economic ambitions, according to Rajkiran Rai G, Managing Director of NaBFID. The country currently invests around INR 20 lakh crore in infrastructure each year, while the requirement could rise to about INR 40 lakh crore annually over the next two decades. Rai said higher manufacturing capital expenditure is also necessary as India works to strengthen its manufacturing base. He also pointed to the growing pool of long-term domestic savings as a potential source of funding for infrastructure and other long-duration assets.Read more

16 Aug 2026

SafeStorage has completed 11 years of operations with annual recurring revenue (ARR) of approximately INR 50 crore, as the technology-enabled self-storage and warehousing company expands across India and international markets. Founded in Bengaluru in 2015, the company has grown from a single warehouse to a managed storage network spanning more than 6 lakh sq. ft. across 16 Indian cities, with operations also in the UAE and the UK. SafeStorage plans to add around 50,000 sq. ft. of storage capacity across Delhi, Mumbai, Pune, Coimbatore and Dubai. The expansion comes as households and businesses increasingly seek professionally managed storage solutions driven by relocation, space constraints and changing operational requirements.Read more

16 Aug 2026

A recent Mumbai ITAT ruling has clarified the tax treatment of jointly owned residential property when spouses contribute different amounts towards its purchase. The tribunal held that the Section 54 exemption cannot be denied merely because a replacement property is jointly purchased. In the case before it, the wife contributed INR 1.76 crore and her husband INR 55 lakh towards a INR 2.31-crore property. The ruling indicates that LTCG relief can be considered with reference to each taxpayer’s actual financial contribution and beneficial ownership, rather than automatically assuming an equal 50:50 share.Read more

16 Aug 2026

The Ahmedabad-GIFT City corridor could attract 40-50 new Global Capability Centres (GCCs) over the coming years, generating demand for 4-6 million sq. ft. of Grade A office space and more than 50,000 high-skilled jobs, according to a joint report by Dev Accelerator Limited (DevX) and Anarock. The report identifies Ahmedabad's lower occupancy costs, talent availability, workforce stability and GIFT City's International Financial Services Centre as key factors supporting the corridor's growth. Ahmedabad currently has nearly 26 million sq. ft. of Grade A office stock, while GIFT City contributes another 4.1 million sq. ft. The region has a technology talent pool of around 90,000-95,000 professionals and attrition levels of 7-12%. Infrastructure projects and the Gujarat GCC Policy 2025-30 are expected to further support enterprise expansion.Read more

45 minutes ago

Arkade Developers reported a 34% year-on-year decline in consolidated net profit to INR 19.07 crore for the first quarter of financial year 2026-27, according to its quarterly financial results. The Mumbai-based developer reported its performance for the quarter ended June 30, 2026. The results reflect the company’s financial performance during the opening quarter of FY27, against the backdrop of continued activity in Mumbai’s residential real estate market. The company’s quarterly disclosure covers its financial and operating performance for the reporting period.Read more

16 Aug 2026

Ariha Group has announced an Independence Day offer providing homebuyers with an INR 7.90 lakh discount across its portfolio of residential projects. The offer, linked to India’s 79th Independence anniversary, is available until August 15, 2026. The benefit applies across the developer’s residential portfolio, with the company highlighting Ariha Skyes in Goregaon (West), where rates are scheduled to increase by INR 50 lakh after the offer period. Ariha Group said the initiative is aimed at providing buyers with a price benefit while marking the country’s Independence Day. The group’s residential portfolio focuses on projects that combine location, contemporary design, quality and lifestyle-oriented features.Read more

16 Aug 2026

DLF Retail has launched Midtown Plaza, its first neighbourhood lifestyle plaza, on Shivaji Marg in Moti Nagar, West Delhi. Spread across approximately 2.8 lakh sq. ft., the retail destination serves a catchment of nearly 2.5 million residents and brings together around 150 brands spanning retail, food and beverage, entertainment and everyday services. The tenant mix includes Reliance Digital, Mr. DIY, HomeStop, Go Fresh and a three-screen PVR Cinemas multiplex, alongside fashion, jewellery, café and dining brands. Several emerging and indigenous labels have also established a presence at the centre, with some making their West Delhi debut. The launch forms part of DLF Retail's expansion into neighbourhood-focused retail formats, with the company positioning the centre around shopping, dining, leisure and community-oriented experiences.Read more

16 Aug 2026

Alliance City Developers Realtors Pvt. Ltd. has received Occupation Certificates (OCs) for Alliance Vista in Vile Parle East and Alliance Abhimanyu in Malad West, with both projects now fully sold out. Alliance Vista comprises residential and commercial spaces, with its residential component offering 2 BHK and 4 BHK homes ranging from 554 to 1,117 sq. ft. of RERA carpet area. Alliance Abhimanyu on Marve Road in Malad West comprises 2 BHK and 3 BHK residences ranging from 600 to 821 sq. ft. of RERA carpet area. Handover at Alliance Vista began in June 2026, while Alliance Abhimanyu has received its OC and is cleared for occupation. The developments are located in established residential micro-markets with access to transport, healthcare, education and retail infrastructure.Read more

16 Aug 2026

GHR Infra has introduced the ‘2BHK Freedom Offer’ for select 2 and 2.5 BHK residences at GHR Callisto in Kollur, Hyderabad, with prices starting from INR 83 lakh*. The offer, announced on the occasion of Independence Day, includes a complimentary IKEA modular kitchen and a choice between an EV parking provision and two years of common area maintenance. Eligible buyers can also book a home with a 10% down payment. GHR Callisto is an 8.3-acre residential development with 1,190 homes across four towers and nearly 70% open space. The project offers 2, 2.5, 3 and 4 BHK configurations and is located about 10 minutes from Neopolis. The developer said Phase 1 handovers have commenced, providing buyers with greater visibility into the project's construction progress and community infrastructure.Read more

14 Aug 2026

Logicap, backed by Alta Capital, has expanded its warehousing portfolio through the acquisition of operational assets owned by Xander Investment Management. The transaction involves approximately 2.6 million sq ft of warehousing space across Chennai and Kolkata and is valued at around INR 1,500 crore. A further acquisition involving an asset in Bhiwandi is expected to take the overall transaction value to about INR 2,000 crore. The expansion will increase Logicap’s warehousing footprint and strengthen its presence across some of India’s key logistics and consumption markets.Read more

14 Aug 2026

A-1 Ltd has secured orders worth INR 38.70 crore from Solar Group of Industries for the supply of acids and industrial chemicals to Solar Industries and its group entities. The orders are scheduled to be executed over a three-month period ending October 31, 2026, providing revenue visibility across the second and third quarters of FY 2026-27. The order follows an INR 12 crore contract from the same group received in June. A-1 reported a sharp rise in first-quarter revenue and profit, while continuing to operate across chemical trading, distribution and transportation and expanding into electric mobility.Read more

14 Aug 2026

Air India SATS Airport Services Private Limited (AISATS) has entered into an initial agreement with Concor Air Limited, a wholly owned subsidiary of Container Corporation of India, to facilitate faster movement of customs-cleared cargo from the Inland Container Depot (ICD) at Dadri to Noida International Airport (NIA). The arrangement will connect inland freight networks with AISATS’ Integrated Cargo Terminal at NIA for onward international dispatch. The partnership is expected to improve customs coordination, cargo handling and terminal processes while reducing turnaround time for exporters and shippers using the route.Read more

13 Aug 2026

E-commerce enablement platform Shiprocket has raised INR 727.41 crore from anchor investors ahead of its public issue. The company allotted 7.5 crore equity shares at INR 97 apiece, the upper end of its IPO price band. The anchor book included global and domestic institutional investors such as the New York State Teachers Retirement System, Nomura Funds Ireland, Societe Generale, ICICI Prudential Life Insurance Company and several leading mutual funds. Shiprocket’s INR 1,617.5-crore IPO is scheduled to open for subscription on August 12, with the company planning to use fresh issue proceeds for platform growth, technology, marketing, debt repayment and potential acquisitions.Read more

13 Aug 2026

India’s logistics and industrial real estate market recorded its strongest first-half performance in H1 2026, with gross leasing across the top eight cities reaching a record 36.2 million square feet (MSF), according to Cushman & Wakefield. Leasing rose 18% year-on-year and 2% over H2 2025, supported by sustained demand from logistics, manufacturing and automotive occupiers. Warehousing accounted for 67% of total activity, while industrial leasing grew 36% YoY to nearly 12 MSF. Delhi NCR led city-wise demand with a 24% share, followed by Chennai at 17% and Pune at 16%.Read more

16 Aug 2026

Nexus Seawoods Mall has partnered with District by Zomato to offer consumers additional benefits across shopping, dining and entertainment during the Independence Day weekend from August 14 to 16. The campaign comes alongside the mall’s ongoing End of Sadness Sale, where participating brands are offering discounts of up to 70%. Consumers using the District app can access flat INR 300 off on dining bills of INR 1,500 or more, INR 1,200 off on shopping spends of INR 10,000 and up to INR 150 off on the purchase of two movie tickets. The initiative is part of a wider collaboration covering Nexus Select Malls’ portfolio of 19 properties and is aimed at integrating retail, food and entertainment experiences during the three-day holiday period.Read more

15 Aug 2026

Star Air will commence direct flights between Ahmedabad and Mundra in Kutch from August 17, 2026, establishing an air connection between Gujarat’s commercial centre and its major port-led industrial hub. The service will operate three times a week on Mondays, Wednesdays and Fridays, with morning departures from Ahmedabad and evening return flights from Mundra. The route is expected to improve accessibility for businesses, professionals and travellers moving between the two locations, where travel has traditionally involved long road journeys or indirect flight options. Mundra’s role as a major private port and logistics centre has supported industrial and export activity across the region, while Ahmedabad remains an important commercial, financial, educational and business hub. The new service could therefore support movement linked to Gujarat’s expanding industrial and logistics economy.Read more

15 Aug 2026

ITC Maratha’s Peshwa Pavilion in Mumbai will mark Independence Day and Parsi New Year with a special ‘One Nation, Many Flavours’ festive dining experience on August 15, 2026. The menu will combine regional Indian dishes with traditional Parsi New Year specialities, including Amritsari Chole Kulche, Goan Prawn Curry, Chicken Chettinad, Kashmiri Rogan Josh, Hyderabadi Subz Biryani, Sali Boti, Patra Ni Machhi and Mawa Cake. A dedicated Tricolour Chaat & Dessert Station will add to the Independence Day theme. Guests will also receive a traditional Parsi welcome featuring rosewater spraying, along with a complimentary glass of Falooda or Raspberry Soda. Tables of four or more will receive a flat 19.47% discount on the total bill. The experience is priced at INR 3,150 plus taxes per person, inclusive of soft beverages.Read more

14 Aug 2026

Radisson Hotel Group has opened Park Inn by Radisson Bengaluru Whitefield, marking the brand’s entry into one of Bengaluru’s major technology and commercial hubs. The 82-room upper-midscale property is intended to cater to rising hospitality demand from corporate travellers, project teams and urban professionals in Whitefield. The hotel strengthens Radisson Hotel Group’s presence in Bengaluru, one of India’s key business travel markets, as technology activity, commercial development and residential growth continue to influence travel patterns and accommodation demand in the eastern part of the city. The opening also adds internationally branded hotel capacity to a micro-market that has developed into an important employment and business destination. Radisson said the property was positioned to serve the evolving requirements of business travellers as Whitefield continues to attract technology companies, commercial activity and residential development.Read more

13 Aug 2026

The Leela Palaces, Hotels and Resorts has launched Melodies by The Leela, a sonic identity created as part of the hospitality brand’s celebration of four decades of True Indian Luxury. The platform debuts with A Living Raga, a 14-track album composed exclusively for The Leela by Grammy-winning sarod musicians Amaan Ali Bangash and Ayaan Ali Bangash. The album received its first listening at The Leela Palace New Delhi on August 7, with the gathering featuring Ustad Amjad Ali Khan and other guests. The initiative builds on more than 15 years of musical collaborations between The Leela and the Bangash brothers. The brand said the platform will develop through original compositions, destination-inspired collections and collaborations with artists, extending its cultural and sensory programming beyond its hotels’ physical spaces.Read more

31 Jul 2026

Chandigarh Administration is preparing to launch an online tenancy portal to implement the Chandigarh Tenancy Rules, 2026, creating a digital framework for registering rental agreements and related services. The portal, developed by the INational nformatics Centre (NIC), will enable online registration, generation of a Unique Identification Number (UIN), rent revision applications and grievance redressal. Officials recently reviewed the platform ahead of its rollout, directing improvements in usability, language accessibility and testing before its public launch.Read more

28 Jul 2026

ChennaiProperties.com has launched a new integrated brand campaign, Chennai-na… ChennaiProperties.com Dhaan, aimed at strengthening its connection with homebuyers by celebrating the city's culture and identity. Instead of focusing on property prices or projects, the campaign highlights iconic elements associated with Chennai and links them to the home-buying journey. Rolled out across Chennai Metro stations, trains, FM radio, digital platforms and social media, the initiative reflects the platform's hyperlocal approach. The company said the campaign also reinforces its long-standing presence in helping people buy, sell and rent properties across Chennai.Read more

22 Jul 2026

Aurum PropTech Ltd reported a consolidated net profit of INR 45.18 crore for the first quarter of FY2026–27, reversing a loss recorded a year earlier, primarily due to gains from the sale of two commercial buildings in Navi Mumbai. The Mumbai-based PropTech company also reported a rise in total income to INR 119.01 crore during the April–June quarter. The asset sale, valued at INR 112 crore, was completed during the quarter, with the balance gain recognised as other income from discontinued operations. The results come days after Aurum PropTech announced the acquisition of Housing.com in an all-equity transaction aimed at expanding its digital real estate ecosystem.Read more

17 Jul 2026

Aurum PropTech Ltd has announced the acquisition of online property platform Housing.com from Australia's REA Group through an all-equity transaction, marking another significant consolidation in India's proptech sector. Under the agreement, Aurum PropTech will acquire a 100% stake in Housing.com by issuing 1,97,93,309 equity shares, representing around 20.5% of its enlarged share capital. Following the transaction, REA India's shareholding in Aurum PropTech will rise to 24.9%. The acquisition follows Aurum's earlier purchase of PropTiger and is intended to create an integrated digital real estate platform spanning property search, transactions, financing, rentals and property management. The combined platform is expected to strengthen Aurum's presence across multiple segments of the residential real estate ecosystem.Read more

11 Jul 2026

Housr has introduced a zero-deposit rental model for residents across India through a partnership with fintech platform CirclePe, aiming to reduce the upfront financial burden associated with renting. The offering has been integrated into Housr's resident management application, allowing tenants to move into its co-living properties without paying a conventional security deposit. Instead, residents can opt for a monthly payment model supported by CirclePe's financing platform. The initiative comes as India's co-living sector continues to expand, with industry estimates projecting the market to reach INR 200 billion by 2030. The company said the move is intended to make premium rental accommodation more financially accessible and simplify the move-in process.Read more

15 Aug 2026

India’s economic and corporate calendar on Thursday is set to include the release of merchandise trade deficit data along with a large number of quarterly earnings announcements and shareholder meetings. The merchandise trade deficit is expected to remain around USD 30.20 billion, compared with USD 30.43 billion previously. Among the companies scheduled to report their first-quarter FY27 results are Aditya Birla Real Estate, Brigade Enterprises, JSW Cement, Sammaan Capital, Max Healthcare and Welspun Living. Several companies, including Brigade Enterprises and Godrej Industries, are also holding annual shareholder meetings.Read more

14 Aug 2026

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78 per cent of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against the revised estimate of INR 57,203.78 crore. The ministry’s scheme-wise expenditure was INR 52,978.83 crore against an allocation of INR 53,096.53 crore. Metro projects recorded full utilisation, while PMAY-Urban and PMAY-Urban 2.0, AMRUT, Swachh Bharat Mission-Urban and PM-eBus Sewa also recorded high utilisation. However, no expenditure was incurred under the Scheme for Industrial Housing, National Urban Digital Mission and Urban Challenge Fund, prompting concerns from a parliamentary panel.Read more

14 Aug 2026

Finance Minister Nirmala Sitharaman said multilateral development banks have an important role in reducing investment risks, improving project bankability and building investor confidence to attract private capital across BRICS economies. Speaking at a seminar on the New Development Bank’s role in private capital mobilisation, she said development finance should increasingly be based on partnerships between governments, multilateral institutions and the private sector. She highlighted India’s sustained public infrastructure investment and measures such as Viability Gap Funding, the Hybrid Annuity Model, InvITs, the National Infrastructure Pipeline and PM Gati Shakti to support greater private participation.Read more

12 Aug 2026

Delhi’s Gross State Domestic Product (GSDP) reached INR 12.15 lakh crore in 2024-25, registering 9.17 per cent growth over the previous financial year, according to a CAG report tabled in the Delhi Assembly. However, the report noted that Delhi’s share in India’s GDP has followed a declining trend over the past decade. Its contribution fell from 4 per cent in 2015-16 to 3.67 per cent in 2024-25. The audit also pointed to rising revenue expenditure, higher subsidies, declining capital expenditure and lower central grants, which have affected the Delhi’s economy recorded growth in 2024-25, but its pace remained lower than the broader national economy over the longer term, according to a report of the Comptroller and Auditor General of India (CAG) tabled in the Delhi Assembly by Chief Minister Rekha Gupta.Read more

11 Aug 2026

Private sector investment in India is showing steady growth, supported by the government’s continued focus on capital expenditure, Economic Affairs Secretary Anuradha Thakur said. She noted that public capital expenditure has risen more than fivefold over the past decade, reaching INR 10.7 lakh crore in 2025-26, with the government budgeting INR 12.2 lakh crore for the current fiscal. Thakur said public investment is helping attract private investment, while greater access to finance, particularly for MSMEs, remains important. She also stressed the need for stronger capital mobilisation, innovation, research and development and greater industry-academia collaboration.Read more

16 Aug 2026

Dubai’s luxury residential market recorded 244 off-plan sales priced above AED5 million in July 2026, with a combined transaction value of AED3.42 billion, according to an analysis by Keturah using data from DXBinteract. The average value of these transactions stood at AED14 million, with demand spread across multiple price brackets. Apartments accounted for 151 transactions worth AED2.3 billion, while 93 villa sales generated AED1.1 billion. The data indicates continued demand beyond a small number of ultra-high-value transactions, with significant activity in the AED10-20 million and AED20-50 million segments. Over the preceding three months, developers recorded 942 off-plan residential transactions above AED5 million worth AED12.11 billion. Ready properties also recorded 43 transactions above AED5 million in July, valued at AED552.8 million.Read more

15 Aug 2026

South Korea has announced a fresh set of housing and financial measures aimed at increasing housing supply and improving access to homes for young people and newly married couples. The Financial Services Commission will raise policy support for construction project financing to at least 47.8 trillion won, or about USD 33.72 billion, from the earlier planned 26.3 trillion won. The government will also introduce new policy loans for young buyers and newlyweds purchasing homes for their own use, while keeping restrictions on speculative demand. The move comes amid rising house prices, household debt concerns and pressure on President Lee Jae Myung's government to address the housing market.Read more

15 Aug 2026

Dubai recorded 38,197 rental contracts in July 2026, taking the year-to-date total for the first seven months to 214,445, according to fäm Properties. The figure is 1.9% higher than the corresponding period last year, when the emirate registered a record 377,660 rental contracts for the full year. One-bedroom units accounted for 41% of contracts recorded so far in 2026. Meanwhile, Dubai recorded 13,872 property sales transactions worth AED 34.5 billion in July, with off-plan transactions accounting for 9,585 deals valued at AED 20.5 billion. Dubai South remained the leading area by sales volume for the fifth consecutive month, recording 2,351 transactions worth AED 2.6 billion. Apartment sales led July activity, while the highest-value apartment and villa transactions were AED 166 million and AED 73 million, respectively.Read more

14 Aug 2026

China Resources Land reported gross contracted sales of RMB14.10 billion for July, with contracted gross floor area reaching 0.410 million square metres. Sales value increased 6.0% year-on-year during the month, indicating a modest improvement in the company’s contracted sales performance. The latest figures come as Chinese property developers continue to operate in a challenging housing market, with sales performance remaining closely watched for signs of stabilisation. China Resources Land has also continued to generate recurring income from its investment property portfolio, providing another source of revenue alongside property development.Read more

14 Aug 2026

British construction group Balfour Beatty has raised its full-year 2026 operating profit forecast, supported by strong demand for infrastructure projects in the UK and the US. The company now expects low-double-digit percentage growth in profit from operations, compared with its earlier high-single-digit forecast. Its underlying operating profit rose to GBP 153 million in the first half from GBP 108 million a year earlier. Demand for US building projects and UK power infrastructure supported the performance, while the company ended the first half with an order book of around GBP 23 billion.Read more

16 Aug 2026

The Partition of India in 1947 transformed the physical and property landscape of Delhi and Punjab alongside the political map of the subcontinent. The mass movement of people created an immediate housing crisis, while governments had to manage abandoned homes, agricultural land and commercial properties. Refugee camps evolved into permanent settlements, rehabilitation colonies became established neighbourhoods, and new administrative systems were created to manage evacuee property and compensate displaced families. Nearly eight decades later, the residential colonies, landholding patterns and planned urban centres that emerged during and after Partition remain an important part of the region's built environment.Read more

15 Aug 2026

Airports have evolved far beyond transportation hubs, becoming powerful catalysts for urban expansion, industrial development and real estate growth. From India's rapidly developing Noida International Airport and Navi Mumbai International Airport to global examples such as Dubai South and Dallas/Fort Worth, major aviation projects have transformed surrounding regions into thriving residential, commercial and logistics corridors. Improved connectivity, infrastructure investment and economic activity have significantly increased land values while attracting businesses, industries and housing projects. These airport-led developments demonstrate how aviation infrastructure can redefine regional growth and influence long-term real estate markets.Read more

14 Aug 2026

Circle rates are often viewed simply as government-fixed property values used to calculate stamp duty, but their influence extends much further. They determine the minimum value at which a property can be registered, affect taxation, influence home loan eligibility, shape state revenues and even signal future infrastructure-led development. By setting a benchmark for property transactions, circle rates play a significant role in controlling market liquidity, discouraging undervaluation and influencing investment decisions. Understanding how these government valuations work is essential for buyers, sellers, developers and investors alike.Read more

13 Aug 2026

While Mumbai's real estate market has transformed dramatically over the decades, a handful of Bollywood families continue to preserve homes that have remained within their lineage for generations. From sprawling palaces and heritage bungalows to redeveloped family compounds, these properties represent far more than luxury addresses. They reflect family history, architectural legacy and emotional continuity, serving as homes where multiple generations of actors, filmmakers, writers and cultural icons have lived, worked and created enduring legacies that continue to shape Indian cinema.Read more

12 Aug 2026

India's longest bridges are far more than engineering achievements—they have transformed connectivity, reduced travel time, strengthened trade corridors and improved access to remote regions. Stretching across mighty rivers, seas and wetlands, these structures have reshaped local economies by linking towns, boosting tourism and supporting national infrastructure. While some have become strategic lifelines for border states, others have unlocked entirely new growth corridors. Here are ten of India's longest bridges and why each continues to play a crucial role in the country's transportation and economic development.Read more