Noida News Desk

21 Aug 2026

Redrose Vanijya LLP, a firm associated with Riju Jhunjhunwala of the LNJ Bhilwara Group, has purchased a 10,000 sq ft luxury apartment in a recently launched Max Group project in Noida for INR 37 crore. The transaction is understood to be the most expensive single-apartment sale reported in the city so far. The deal comes as Noida’s premium housing market expands, with developers launching high-end residences aimed at executives and affluent buyers. The project is part of Max Estates’ wider development plans following its acquisition of Boulevard Projects, which has significant residential, commercial and retail development potential.Read more

18 Aug 2026

Actor Ajay Devgn and his mother, producer Veena Devgan, have leased a bungalow in Mumbai’s Juhu for five years, with the total rental value estimated at INR 10.61 crore. The property, located in Kapol Co-operative Housing Society, has a built-up area of around 7,803 square feet. The monthly rent starts at INR 16 lakh and will increase by 5% every year, reaching about INR 19.45 lakh in the fifth year. The registered agreement also includes an INR 48 lakh security deposit, with stamp duty and registration charges paid as part of the transaction.Read more

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

6 hours ago

Uttar Pradesh has received a fresh investment boost from Japanese companies, with projects worth INR 3,191 crore getting underway in the state. The developments are part of a broader effort to deepen industrial ties between Uttar Pradesh and Japan and attract manufacturing, technology and other businesses to the state. The Yamuna Expressway region, particularly the YEIDA area, is emerging as a key location for this investment push. Alongside the newly launched projects, the state is also promoting a proposed 500-acre Japanese City, aimed at creating a dedicated ecosystem for Japanese businesses and their employees.Read more

9 hours ago

AFC Furniture Solutions has appointed Papun Senchoudhury as Business Consultant at its head office in New Delhi, strengthening its leadership team as the office furniture manufacturer expands its B2B operations. Senchoudhury brings more than two decades of experience across sales, marketing and business operations in the office furniture sector. Before joining AFC, he served as Managing Director of Haworth India Pvt. Ltd., where he led the company’s India operations, and previously held senior leadership roles at Blow Plast Ergonomics. In his new role, he will work with AFC’s leadership and Sales & Marketing teams on its B2B growth strategy, enterprise relationships and domestic and international expansion. The company said the appointment comes as it expands its workplace solutions portfolio and manufacturing capabilities.Read more

21 Aug 2026

Himachal Pradesh Education Minister Rohit Thakur has directed the Public Works Department (PWD) to speed up ongoing road repairs in Shimla district's Jubbal-Kotkhai area to ensure the smooth movement of apple-laden vehicles during the ongoing apple season. He asked officials to prioritise damaged roads, open completed stretches without delay and remove debris and other obstructions. The minister also called for coordination between departments and regular monitoring of critical routes. The directions come as road conditions remain important for transporting apple produce from the state's major growing areas to markets.Read more

21 Aug 2026

National highway developers have urged the government to strengthen the Build-Operate-Transfer (BOT) annuity model, arguing that changes are needed to make projects more financially viable and prevent future tenders from receiving no bids. Industry concerns centre on traffic-risk allocation, financing conditions and the ability of developers to secure adequate returns over the concession period. The push comes as the government seeks to revive private participation in highway development through a revised BOT framework. Builders have called for a model that distributes project risks more predictably between the public and private sectors.Read more

Mumbai News Desk

21 Aug 2026

Mumbai’s struggle to preserve its limited open spaces is becoming increasingly visible as redevelopment, infrastructure projects, commercial activity and planning changes compete for land in the city. Recent reports by the Free Press Journal, Hindustan Times and The Times of India have highlighted concerns over public grounds, gardens, playgrounds and other ecological assets. A recent study by the Urban Design Research Institute and NAGAR found that public open space varies sharply across Mumbai’s 24 wards, from 9.4 sq m per resident in A Ward to just 0.5 sq m in B Ward. Separately, civic data cited by Hindustan Times shows that many of the 2,360 plots reserved for gardens, parks and playgrounds remain undeveloped or inaccessible. Architects, planners and residents have raised concerns that continued development pressure, coupled with delays in implementing an effective open spaces policy, could further reduce access to public land.Read more

2 hours ago

The Telangana Real Estate Regulatory Authority (TG RERA) has directed a promoter to refund INR 42 lakh, along with applicable interest, to two buyers who had invested in an unregistered plotted development. The regulator’s order followed complaints filed by the buyers over the project and the amounts they had paid. TG RERA found that the development had not been registered under the Real Estate (Regulation and Development) Act, prompting it to order repayment of the buyers’ investment with interest. The case adds to regulatory action in Telangana against developers marketing or accepting payments for projects without the required RERA registration. The order provides relief to the two complainants while reinforcing the requirement for eligible real estate projects to obtain registration before being offered to buyers.Read more

4 hours ago

The Navi Mumbai Municipal Corporation has completed the digitisation of enumeration forms collected under the Election Commission of India’s Special Intensive Revision (SIR) of electoral rolls, with draft voter lists scheduled for publication on August 24, 2026. In the Airoli Assembly constituency, 2,78,228 of 4,97,380 registered voters had submitted enumeration forms and completed the digitisation process by August 17. In Belapur, 2,56,986 of 4,22,317 voters had submitted their forms, with digitisation also completed. Voters will have until September 23 to submit claims or objections regarding the draft rolls. The period for disposal of these claims and objections will run until October 22, while the final electoral rolls are scheduled to be published on October 27.Read more

7 hours ago

The Navi Mumbai Municipal Corporation (NMMC) conducted a special cancer screening campaign across its jurisdiction from August 3 to 11, 2026, using a government-provided mobile cancer screening van. The initiative was carried out through NMMC’s urban primary health centres as an extension of the National Non-Communicable Disease Screening Programme, under which residents aged 30 years and above are routinely screened for conditions including hypertension, diabetes and three major cancers. During the special campaign, 1,292 residents underwent screening for oral, breast and cervical cancer at locations across Navi Mumbai. The civic body has urged residents who could not participate in the mobile drive to use free screening services available at NMMC hospitals and urban primary health centres.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has organised a two-day exhibition at Vishnudas Bhave Natyagruha, Vashi, to mark Partition Horrors Remembrance Day on 14 August. The exhibition, being held on 13 and 14 August 2026, has been created by the Union Ministry of Culture and is being organised under the guidance of municipal commissioner Dr Kailas Shinde. The display documents the suffering, sacrifice and struggles experienced by Indians during the Partition of 1947. Maharashtra forest minister Ganesh Naik and several civic and public representatives have visited the exhibition. Separately, the civic body will organise ‘Vande Mataram’ and ‘Tiranga’ exhibitions at its headquarters in CBD Belapur from 15 to 17 August as part of the ‘Har Ghar Tiranga’ campaign being observed from 9 to 17 August.Read more

21 Aug 2026

The Uttar Pradesh urban development department is considering a comprehensive land audit across 17 municipal corporation cities to identify government and public land parcels that have been encroached upon. The proposed exercise comes after the state notified 35 new urban local bodies over the past three years and expanded the jurisdiction of another 62 civic bodies, creating the need to reassess land records and boundaries. The audit will examine parcels that were earlier under gram sabha administration or belonged to other government agencies, along with nazul land requiring demarcation. Officials plan to cross-check details against revenue department records before local bodies initiate action to reclaim illegally occupied plots. The exercise is intended to establish clearer land records within expanding urban areas and support subsequent enforcement by the concerned civic authorities.Read more

24 minutes ago

IFFCO-TOKIO General Insurance Company Limited (IFFCO-TOKIO GIC) has settled more than 100 flood-related insurance claims covering motor and non-motor policies in Gujarat and Maharashtra, as the insurer accelerates assistance to customers affected by the recent flooding. The company said it has introduced a quick claims settlement process and deployed dedicated teams to expedite surveys, damage assessments and settlements. The insurer is advising policyholders to prioritise personal safety, avoid flooded areas and waterlogged roads, and take precautions around electrical infrastructure. Customers have also been advised to document damage through photographs or videos where possible, retain relevant bills and other evidence, and notify the insurer promptly. The company has provided its customer support number and asked policyholders requiring assistance to contact their nearest IFFCO-TOKIO office.Read more

1 hour ago

VinFast India has partnered with Federal Bank to provide inventory financing solutions for its authorised dealer network as the company expands its presence in the Indian electric vehicle market. The financing arrangement is intended to help dealers manage working capital, maintain vehicle inventory and meet customer demand. VinFast said the partnership will also support the expansion of its retail network across the country. The Vietnamese automaker plans to establish 75 dealerships in India by the end of the year, with the financing support aimed at strengthening the operational capacity of its dealer partners.Read more

21 Aug 2026

Construction company Annu Projects Ltd has fixed the price band for its INR 175 crore initial public offering at INR 94-99 per share. The IPO will comprise a fresh issue of 17.683 million equity shares and is scheduled to open for subscription on August 25 and close on August 28. The company plans to use INR 115 crore of the proceeds for working capital and INR 15 crore for purchasing machinery and equipment. As of June 30, 2026, its order book stood at INR 1,005.05 crore.Read more

21 Aug 2026

Mumbai’s prime residential market recorded a 1.4% increase in capital values between January and June 2026, while prime rental values rose 1.2%, according to Savills India’s latest market report. The movement reflects continued growth in the city’s premium housing segment during the first half of the year. The report tracks prime residential markets and assesses changes in capital and rental values across key locations. Mumbai’s performance came amid continued demand for high-end homes, with the city remaining among the major prime residential markets covered by the global property consultancy. The findings indicate moderate price and rental growth in the segment during H1 2026.Read more

21 Aug 2026

Zerodha co-founder Nikhil Kamath and entrepreneur Sreeram Reddy Vanga have invested a combined INR 250 crore in hyperscale data centre operator CtrlS Datacenters. Kamath has invested INR 200 crore, while Vanga has contributed INR 50 crore. Announced on Wednesday, 19 August, the capital will support CtrlS’s infrastructure expansion and capacity build-out across India as demand for AI, cloud computing and digital workloads increases. CtrlS operates 19 data centres across nine Indian markets with more than 370 MW of capacity and has another 4.4 GW of projects at various stages of execution.Read more

54 minutes ago

B-Right Real Estate Group has outlined a Mumbai-focused development roadmap targeting approximately 4.7 million sq ft of real estate development by 2033. The company, founded in 2007, has built its business around redevelopment and Slum Rehabilitation Authority (SRA) projects across the city. At its Vision 2033 event in Mumbai on August 16, the group identified financial discipline, governance, design, neighbourhood development and stakeholder coordination as key areas for its future operations. Its upcoming portfolio includes Grandeur in Mulund West, Shivaji Nagar in Borivali West, SKY54 in Malad East, Ultra City in Goregaon West and Godavari in Chembur. The company is also expanding the involvement of the next generation, with Rudra Shah taking a greater role in project execution and technology.Read more

3 hours ago

Fairmont Mumbai and Le Florence India will host Longevity Summit India 2026: India Vows for Longevity on 15–16 August, bringing together scientists, clinicians, wellness specialists, entrepreneurs, technology professionals and hospitality leaders to discuss preventive healthcare, healthy ageing and human performance. The two-day summit will examine developments across longevity science, personalised medicine, wellness, technology and hospitality, alongside emerging models for senior living. A dedicated session will examine the changing role of senior living in supporting healthy ageing, culminating in the unveiling of Shremoha, a premium senior independent living platform being developed through a strategic partnership between Shrem Group and Emoha. The platform is intended to combine hospitality, wellness, community and personalised care within longevity-focused living environments.Read more

21 Aug 2026

Supreme Infrastructure India Limited is looking to expand its building construction and housing activities, using its experience in engineering, procurement and construction (EPC), commercial buildings and institutional projects. The company has identified RCC frame structures and building projects as key areas for its next phase, alongside its wider infrastructure business. Its partnership with Brookfield for a Global Capability Centre in Powai is among the projects highlighting this capability. The company is also looking at opportunities in housing, redevelopment and urban development, with land assets and construction experience forming part of its approach to building a larger real estate pipeline.Read more

21 Aug 2026

Kolte-Patil Developers has appointed Hrishikesh Parandekar as its Chief Executive Officer, with the appointment taking effect from August 24, 2026. Parandekar brings more than three decades of experience across real estate, investments and strategic leadership. He has previously held senior positions at Alpha Alternatives, McKinsey & Company, Morgan Stanley, Karvy Group, Ambit Holdings and Sugee Group. In his new role, he will focus on business expansion, operational performance and institutional strengthening. Kolte-Patil has developed more than 68 projects across Pune, Mumbai and Bengaluru, covering over 33 million square feet of saleable area.Read more

Chennai News Desk

21 Aug 2026

ASK Property Fund, the real estate investment arm of Blackstone-backed ASK Asset & Wealth Management Group, has exited its investment in Shriram 122 West, a residential development by Shriram Properties in Mangadu, Chennai. The fund realised INR 340 crore against an investment of INR 215 crore, generating a gross investment multiple of about 1.6 times. The exit was announced on Tuesday, 18 August. ASK had provided growth capital to the project in 2023. Shriram 122 West has approximately two million sq ft of saleable area and is located on the outskirts of Chennai. The investment formed part of a co-investment platform between ASK Property Fund and Shriram Properties focused on residential and plotted development opportunities.Read more

21 Aug 2026

Jassper Shipping has announced plans to invest USD 50 million in growth capital to expand its project logistics and bulk cargo operations, with the investment programme to be deployed over the next three years. The company plans to strengthen its fleet, logistics infrastructure and specialised handling capabilities to support large industrial and infrastructure projects in India and international markets. Its expansion strategy includes acquiring specialised vessels and heavy-lift equipment, developing warehousing and logistics facilities, and increasing its ability to handle oversized and complex cargo. The company is also targeting opportunities linked to renewable energy, power, infrastructure, mining, oil and gas, and other project-led industries.Read more

21 Aug 2026

Uttar Pradesh has entered into a three-year strategic agreement with the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to strengthen freight movement, multimodal connectivity and logistics infrastructure across the state. The non-financial MoU, signed by Invest UP and DFCCIL, is aimed at improving access to dedicated freight corridors, supporting industrial development and identifying opportunities for logistics parks and freight-linked investments. The partnership is expected to help businesses use the state’s freight infrastructure more efficiently while supporting faster movement of goods and strengthening Uttar Pradesh’s position as a logistics and manufacturing hub.Read more

21 Aug 2026

Global alternative investment firm Investcorp has acquired the India contract logistics business of 20Cube 3PL Solutions for about INR 500 crore. The investment will support the company’s technology expansion, pan-India network and growth in services as manufacturing activity increases across India. 20Cube currently operates more than 7 million square feet of warehousing space and plans to expand this to over 20 million square feet over the next four to five years. The company and Investcorp also plan to invest another INR 500-750 crore in acquiring complementary contract logistics businesses.Read more

20 Aug 2026

TVS Industrial & Logistics Parks plans to invest INR 1,000 crore in upcoming industrial and logistics projects across Tamil Nadu. The company has signed an initial agreement with the state government as part of the VETTRI Tamil Nadu Investment Conclave 2026. The investment is expected to create around 1,500 jobs and add to the state's industrial and logistics infrastructure. Tamil Nadu is already an important market for TVS ILP, with 10 industrial and logistics parks operating across the state and serving companies in sectors including e-commerce, automobiles, FMCG and FMCD.Read more

19 Aug 2026

Blue Dart Express is preparing to expand its presence in the e-commerce logistics market by introducing a cross-border delivery service aimed at enabling Indian online sellers to reach international customers. The company plans to launch the service in September, building on its existing domestic parcel network and international logistics capabilities. The initiative comes as India’s e-commerce ecosystem increasingly looks towards overseas markets and cross-border trade. Blue Dart expects the new offering to strengthen its position in international express logistics while helping businesses, particularly small and medium-sized sellers, access customers beyond India.Read more

5 hours ago

India’s hospitality market is seeing greater interest in experiences that extend beyond conventional luxury, with travellers increasingly seeking privacy, local identity, cultural connections and closer engagement with nature. Harkaran Singh Grewal (Gary), Co-Founder and Director of EuMo DesignIntelligence, and its spatial design practice EuMo Spatial, advocates an environment-first approach that integrates natural surroundings into hospitality projects rather than removing them to accommodate development. The firm also works with collapsible infrastructure, allowing resorts and associated elements to be dismantled, transported and reassembled in different locations. EuMo’s approach covers architecture, interiors, individual design elements and environmental evaluation, while its work in luxury tenting has sought to reduce heavy construction. Industry growth, however, will also depend on government infrastructure, civic environments and the wider destination experience beyond individual resorts.Read more

21 Aug 2026

Indian Hotels Company (IHCL), the Tata Group-owned hospitality company, has opened the 181-key Taj Palace in Lucknow, marking the launch of its second Taj hotel in the Uttar Pradesh capital. The hotel was inaugurated by Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday. IHCL said the opening reflects Lucknow's growing importance as an economic and tourism centre, supported by infrastructure development, investment and rising visitor activity. The company currently operates a portfolio of 60 hotels across more than 20 cities in Uttar Pradesh, further expanding its hospitality presence in the state.Read more

Delhi News Desk

21 Aug 2026

Delhi is likely to see the addition of around 6,000 luxury hotel rooms by 2030, as new hospitality projects expand the city’s premium accommodation capacity. The upcoming supply is expected to include luxury and high-end properties across key locations in Delhi-NCR. The increase in room inventory comes amid rising demand for quality accommodation from business travellers, tourists, corporate events and international visitors. The planned additions are expected to strengthen Delhi’s hospitality infrastructure and support the capital’s position as a major destination for business, tourism, conferences and large-scale events.Read more

21 Aug 2026

R City Mall in Mumbai’s Ghatkopar has received LEED Platinum Certification, recognising its performance against global standards for environmental responsibility, operational efficiency and sustainable practices. Developed by Runwal Realty, the 1.2-million-square-foot mall houses more than 350 national and international brands, over 50 dining outlets, a nine-screen multiplex, family entertainment centres and event spaces. The certification comes as sustainability becomes an increasing focus for retail properties and their operations. Runwal Realty said the recognition reflects its efforts to combine environmental practices with retail, dining and entertainment offerings at the destination.Read more

20 Aug 2026

Tattva Wellness Spa has opened its first centre in the Chandigarh tricity at The Aarlis Hotel, Vignette Collection by IHG, in Sector 3, Panchkula. The new facility offers massage therapies, facials, beauty treatments and grooming services, alongside private steam, shower and jacuzzi facilities. The outlet has three single-therapy rooms and a couple therapy room, with an integrated salon featuring dedicated bridal and groom chambers. The launch expands Tattva Wellness Spa’s presence in northern India and adds a wellness offering to the hospitality ecosystem around Panchkula’s City Centre and the adjoining Panchkula Golf Club.Read more

20 Aug 2026

The Big Assets (TBA), an upcoming real estate platform, is preparing for its official launch in December 2026 with a digital ecosystem covering property discovery, project listings, enquiries and accommodation. The Pune-based platform is being developed for builders, developers, property owners, buyers, tenants and hospitality providers. Its Stay by TBA offering will include hotels, villas, resorts, PGs, flats and hostels, with options for hourly, overnight and daily stays. The company began its public awareness campaign on August 15, ahead of the planned launch, as it seeks to bring property and accommodation requirements onto one platform.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

21 Aug 2026

Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal are in Singapore for discussions aimed at strengthening India's economic partnership with the Southeast Asian financial hub. Goyal is leading a 70-member Indian business delegation seeking investment, trade and technology partnerships, while Sitharaman is heading the ministerial delegation for the fourth India-Singapore Ministerial Roundtable (ISMR). The talks will cover manufacturing, connectivity, digitalisation, healthcare, skills and sustainability. Bilateral trade reached USD 36.1 billion in 2025-26, while Singapore remained India's largest source of foreign direct investment during the year.Read more

19 Aug 2026

President Droupadi Murmu said India’s economy continues to remain resilient despite global warfare and instability, with growth projected to be more than twice the global average. In her address to the nation on the eve of Independence Day, she highlighted the role of self-reliance, digital infrastructure, renewable energy and physical connectivity in strengthening the country’s economic base. She also pointed to India’s progress on Sustainable Development Goals and the rapid expansion of highways, waterways, railways and airways. According to her, these developments are creating business opportunities, supporting employment and improving investor confidence.Read more

18 Aug 2026

Gujarat Chief Minister Bhupendra Patel has asked banks to improve the speed and reach of credit delivery, particularly for MSMEs, women entrepreneurs, rural artisans, small farmers and other beneficiaries at the last mile. Chairing the 190th meeting of the State Level Bankers’ Committee in Gandhinagar, Patel said the banking sector would have an important role as India works towards becoming the world’s third-largest economy. He also asked banks to use technology to process government-backed loan applications faster and expand financial support to groups covered under Gujarat’s new Industrial Policy 2026.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

8 hours ago

China Evergrande Group founder Hui Ka Yan has been sentenced to life in prison by a court in Shenzhen after pleading guilty to eight charges including misuse of funds, fundraising fraud, illegally taking public deposits, securities-related fraud and bribery. The court also ordered the confiscation of his personal property. Evergrande was fined 8.82 billion yuan, equivalent to about USD 1.31 billion, while its main subsidiary Hengda was fined 7 billion yuan. The ruling comes after the developer defaulted on most of its liabilities of around USD 300 billion, triggering a prolonged crisis in China's property sector.Read more

21 Aug 2026

Cairo for Housing and Development reported consolidated attributable profit of EGP 48.6 million for the second quarter of 2026, along with consolidated revenue of EGP 91.6 million. The company also reported standalone profit of EGP 30.7 million for the quarter. The results provide an update on the Egyptian real estate company's financial performance during the quarter, with consolidated earnings higher than its standalone profit due to the contribution of its consolidated operations. The company is listed on the Egyptian Exchange under the ticker ELKA.CA.Read more

21 Aug 2026

Lincoln Property Company, Saber-Hightower and Waterfall Asset Management have acquired a USD 450 million mixed-asset portfolio spread across New York, New Jersey and Connecticut. The portfolio covers around 4 million square feet of existing properties and development sites spread across 300 acres. The acquisition is led by iPark 84, a 270-acre business park in East Fishkill, New York, with approximately 1.8 million square feet of existing space. The portfolio also includes development opportunities and is positioned around established infrastructure, industrial occupiers and available power capacity.Read more

21 Aug 2026

New Zealand-based Fletcher Building has warned that continued economic, political and geopolitical uncertainty is likely to affect its first-half fiscal 2027 earnings, with a meaningful recovery in underlying volumes not expected until calendar 2027. The construction materials company returned to an annual group net profit of NZD 228 million, compared with a loss of NZD 419 million in the previous year. The improvement was supported by the sale of its Construction division and non-core assets. Revenue from its materials and distribution segment also increased nearly 10 per cent to NZD 5.92 billion.Read more

21 Aug 2026

Vietnam's government has proposed changes to land acquisition rules to speed up housing and infrastructure development and support its target of achieving annual economic growth of at least 10% through 2030. Under the proposed amendments, authorities could acquire land and allow construction to begin before compensation and resettlement arrangements are fully completed. The changes follow delays to major projects caused by disputes between residents and developers over compensation. The government also plans to prioritise affected residents for new residential land in the same location and introduce clearer acquisition criteria and more transparent, data-based land valuation.Read more

21 Aug 2026

By 2035, India's urban population is projected to reach 675 million, up from 483 million in 2020, an addition roughly equal to the current population of the United States, absorbed into cities over a single decade. That scale of change does not arrive overnight, and much of it is already visible: metro lines under construction, heat action plans now standard in two dozen cities, and smaller towns quietly overtaking the metros in consumer growth. This piece traces eight shifts already underway that will define what an Indian city looks like a decade from nowRead more

20 Aug 2026

India's urban landscape has undergone a remarkable transformation over the past few decades. As textile mills, manufacturing plants, industrial estates and dockyards shut down or relocated, thousands of acres of land in prime city locations became available for redevelopment. What were once centres of production have gradually evolved into luxury residences, commercial districts and lifestyle destinations. These projects have not only reshaped city skylines but also redefined property values and urban living. Here are ten Indian cities where industrial land was transformed into some of the country's most sought-after real estate.Read more

19 Aug 2026

India's biggest cities are increasingly developing smaller economic ecosystems within their boundaries. These districts are no longer just office clusters surrounded by residential neighbourhoods; they are evolving into self-contained destinations with workplaces, hotels, restaurants, retail, housing, healthcare and entertainment. Bandra-Kurla Complex in Mumbai has become a major financial hub, while GIFT City is building an international financial ecosystem almost from scratch. Similar transformations are underway in Hyderabad, Bengaluru, Gurugram, Kolkata and Pune. Together, these districts show how India's urban growth is moving from a single city centre towards multiple specialised economic centres.Read more

18 Aug 2026

A home loan is often viewed as a long-term financial burden, but for many Indian families, it has become the foundation of substantial wealth. The difference wasn't just buying a house, it was making smarter borrowing and investment decisions along the way. From choosing growth corridors and prepaying strategically to resisting the urge to overspend, these habits have helped ordinary homeowners build properties worth several crores over time. Here are 10 lessons inspired by the home loan decisions that have quietly created wealth across generations.Read more

17 Aug 2026

Across India, a growing number of homeowners have chosen restoration over redevelopment, breathing new life into abandoned havelis that once stood on the brink of collapse. From the narrow lanes of Old Delhi to the heritage precincts of Ahmedabad, the villages of Punjab and the Portuguese-era estates of Goa, these privately led conservation efforts have preserved architectural traditions while creating distinctive family homes. Their stories demonstrate how historic residences can remain relevant through careful restoration, ensuring that centuries-old craftsmanship and cultural heritage continue to survive in modern India.Read more