23 Jul 2026

Actor John Abraham has acquired a century-old bungalow in Mumbai's Bandra for approximately INR 84 crore, adding another landmark property to the city's premium residential market. The heritage home, located in one of Bandra's most sought-after neighbourhoods, will be retained in its existing form, with no redevelopment planned. The transaction reflects the growing appeal of standalone heritage residences among high-net-worth buyers, even as redevelopment continues to dominate Mumbai's residential landscape.Read more

Pune News Desk

15 Jul 2026

Actor Ranbir Kapoor has acquired a 25.7-acre land parcel in Mulshi near Pune for INR 16.42 crore, marking another addition to his growing real estate portfolio. The transaction, registered on July 10, 2026, attracted stamp duty and registration charges of over INR 1 crore. Located in the rapidly developing Mulshi region, the purchase follows Kapoor's recent investment in Ayodhya, highlighting sustained interest in premium land acquisitions amid rising demand for second homes and long-term real estate investments.Read more

14 Jul 2026

Bollywood actor Salman Khan has sold his apartment in Mumbai's Bandra West for INR 3.50 crore, according to property registration documents. The flat, located in Shiv Asthan Heights, was purchased by the actor in 2014 and has now changed hands after more than a decade. The transaction reflects the continued demand for premium residential properties in Bandra West, one of Mumbai's costliest housing markets. Despite the sale, Salman Khan continues to be associated with Bandra, where his family has lived for decades and where a new residential project is also under development.Read more

Mumbai News Desk

10 Jul 2026

• A luxury sea-facing apartment at Palais Royale in Worli has been sold for INR 162.2 crore, making it one of Mumbai's highest-value residential transactions this year.
• The transaction involved a premium apartment spanning over 13,000 sq ft, reflecting sustained demand for ultra-luxury homes in South Mumbai.
• The deal translates to a per sq ft price exceeding INR 1 lakh, underscoring the continued strength of Mumbai's high-end residential market.
• Industry experts believe such marquee transactions highlight strong buyer confidence in prime waterfront properties despite broader market fluctuations.Read more

Mumbai News Desk

09 Jul 2026

• A member of the family of the founder of healthcare technology firm eClinicalWorks has purchased a luxury apartment in Mumbai's Worli for around INR 211 crore, making it one of the city's biggest residential transactions this year.
• The apartment is located in the premium Naman Xana residential tower and was acquired at an estimated rate of INR 2.5 lakh per sq ft, among the highest ever recorded in India's residential real estate market.
• The transaction includes multiple car parking spaces and reflects sustained demand for ultra-luxury homes in Mumbai's prime waterfront locations.
• The deal underscores the continued appetite among high-net-worth individuals for trophy residential assets despite rising property prices in the luxury segment.Read more

1 hour ago

Decentralised solar power systems designed for rural communities could generate electricity at costs lower than the average power procurement expenses incurred by several state distribution companies, according to a study by the International Institute for Sustainable Development (IISD). The assessment highlights that locally planned solar projects, aligned with village-level demand and supported by suitable policy and grid integration, can improve electricity affordability while strengthening energy access. The findings underscore the growing role of decentralised renewable energy in meeting India's rural power requirements.Read more

4 hours ago

Jaiprakash Power Ventures Ltd reported a strong financial performance for the June quarter, driven by growth in revenue across its operations. The company's consolidated net profit increased by nearly 69% year-on-year, while total income also registered healthy growth compared to the corresponding quarter last year. The latest earnings reflect continued improvement in the company's financial performance. Jaiprakash Power Ventures, part of the Jaypee Group, operates thermal and hydroelectric power assets and has been focusing on strengthening operational efficiency and improving its financial position.Read more

24 Jul 2026

The Tripura Pradesh Congress Committee has announced a two-hour blockade of the Agartala-Kamalpur National Highway to protest the deteriorating condition of the road and the difficulties faced by commuters. The protest will be held at four locations along NH-108B, which connects West Tripura, Khowai and Dhalai districts. The party has alleged poor quality in the highway upgradation work, while the state government has already approached the Union Ministry of Road Transport and Highways seeking repairs. The issue has gained attention following heavy rainfall that has further damaged the highway.Read more

24 Jul 2026

India is moving ahead with the second phase of its Strategic Petroleum Reserve (SPR) programme with an estimated investment of INR 14,527 crore under a public-private partnership (PPP) model. The expansion will create 6.5 million tonnes of additional crude oil storage capacity across Odisha and Karnataka, while government viability gap funding will be capped at 60% of the project cost. Alongside expanding storage infrastructure, the government is assessing new locations for future reserves and has diversified crude oil and LNG sourcing to strengthen the country's energy security and reduce supply-related risks.Read more

Mumbai News Desk

24 Jul 2026

Heavy rainfall in south Gujarat has disrupted rail and road connectivity between Gujarat and Maharashtra, leading to the cancellation, diversion and short termination of several Mumbai-bound trains. Flooding and waterlogging on key railway sections affected services, including premium trains, while parts of the Mumbai-Ahmedabad highway were also inundated, slowing vehicular movement. Railway authorities deployed teams to monitor tracks and restore normal operations as weather conditions continued to impact transport infrastructure across the region.Read more

2 hours ago

The Medical Technology Association of India (MTaI) will convene an invitation-only roundtable in New Delhi on 31 July 2026 to examine how India's evolving Free Trade Agreement (FTA) framework can strengthen the country's medical technology sector and improve access to advanced healthcare technologies. The discussion will bring together policymakers, diplomats, trade experts, regulators and industry leaders to assess the implications of recently concluded trade agreements, including the India–UK Comprehensive Economic and Trade Agreement (CETA) and the India–EU Free Trade Agreement. The forum will focus on trade implementation, regulatory cooperation, investment, supply chain resilience, technology transfer and manufacturing, while marking a decade of MTaI's engagement with India's MedTech ecosystem.Read more

5 hours ago

The Navi Mumbai Municipal Corporation (NMMC) is preparing a scientific tree management strategy after widespread tree falls during the heavy rainfall witnessed in July 2026. Municipal Commissioner Dr Kailas Shinde chaired a meeting with arborists and tree experts to examine the causes behind uprooted trees and identify preventive measures. The experts attributed most incidents to restricted root growth caused by excessive concretisation, improper pruning, waterlogging, root damage during utility works and species-specific characteristics. Based on the recommendations, NMMC plans to introduce a standard operating procedure (SOP) for tree pruning, conduct scientific risk assessments, document vulnerable trees and adopt urban forestry guidelines to improve tree safety while preserving the city's green cover.Read more

24 Jul 2026

The destruction of a Bailey bridge in Manipur's Kamjong district has disrupted road connectivity for several remote villages after an alleged militant attack. The damaged bridge formed a vital transport link between rural settlements and the district headquarters, affecting daily movement and access to essential services. Authorities have begun assessing the extent of the damage while security agencies investigate the incident. The episode has renewed attention on the vulnerability of critical infrastructure in conflict-prone regions and the challenges of maintaining connectivity in difficult terrain.Read more

24 Jul 2026

The Bombay High Court has set aside a state government order that sought reconsideration of a proposal to bifurcate Madhurnaina Co-operative Housing Society in Borivali, ruling that the move would obstruct an ongoing redevelopment project. The court held that Section 18 of the Maharashtra Co-operative Societies Act cannot be invoked merely because a minority of members disagree with the redevelopment process or the choice of developer.The judgment reaffirmed that redevelopment decisions approved by the majority of members through valid general body resolutions must be respected, and minority members cannot stall such projects through indirect means. The ruling allows the redevelopment of the society's Naina and Veena buildings to continue under the newly appointed developer, with demolition already completed and most members having executed rehabilitation agreements.Read more

Mumbai News Desk

24 Jul 2026

The Maharashtra government has approved a comprehensive redevelopment of Mumbai's Film City to transform the decades-old production complex into a modern entertainment and media hub. The proposed project aims to upgrade production infrastructure, introduce advanced filming facilities and improve supporting amenities to meet evolving industry requirements. The redevelopment is expected to enhance Maharashtra's competitiveness in the media and entertainment sector while creating opportunities for investment, employment and film tourism through a future-ready production ecosystem.Read more

24 Jul 2026

The Delhi Development Authority (DDA) has introduced the Karmajeevi Awaas Yojana 2026, offering more than 1,200 residential flats in Narela at a 25% discount to make homeownership more affordable. The scheme includes ready-to-move units across different income categories, with prices starting from around INR 33 lakh after the discount. It is aimed at working professionals and middle-income buyers and will be implemented through an online registration and booking process. The launch comes as DDA continues to expand its affordable housing initiatives, supported by strong demand for residential properties in Delhi.Read more

24 Jul 2026

IndusInd Bank reported a strong financial performance for the June quarter, with consolidated net profit rising 72% year-on-year to INR 1,037.05 crore, supported by lower provisions and an improvement in asset quality. The bank said the measures taken over the past year have strengthened its balance sheet and business fundamentals following governance-related challenges. While loan growth remained subdued and net interest income saw only a marginal rise, the lender expects stronger business momentum, better profitability, expanding margins in the second half of FY27, and loan growth in line with the industry.Read more

24 Jul 2026

Shiksha Financial Services India Private Limited has completed its first securitisation transaction with a housing finance company by partnering with DMI Housing Finance Private Limited. The deal involved the issuance of pass-through certificates worth INR 43.4 million backed by a pool of mortgage-backed loans. With this transaction, Shiksha's cumulative securitisation fundraising has crossed INR 200 million. The company said the deal expands its investor base while strengthening its long-term funding strategy. The transaction also reflects continued investor confidence in Shiksha's micro-loan against property portfolio, which primarily serves MSMEs and informal sector workers.Read more

24 Jul 2026

The Odisha government has approved 23 investment proposals worth INR 4,573 crore through the State Level Single Window Clearance Authority (SLSWCA). The projects, spread across 11 districts, are expected to generate employment for nearly 23,000 people and cover sectors such as information technology, renewable energy, advanced manufacturing, healthcare, hospitality and apparel. Key approvals include HCL Technologies' global development centre, an alkaline electrolyser manufacturing unit by ACME Cleantech Solutions, a solar power plant, battery manufacturing, healthcare infrastructure and new five-star hotels, reflecting the state's continued focus on industrial growth and investment.Read more

24 Jul 2026

CSB Bank reported a 27% year-on-year increase in its net profit for the first quarter of FY27, supported by healthy growth in its core banking income. The private sector lender recorded higher total income, interest income and net interest income during the quarter, reflecting steady business growth. Asset quality also improved, with both gross and net non-performing assets declining compared to the corresponding period last year. Lower provisions further supported profitability, although the bank's capital adequacy ratio moderated from the year-ago level while remaining comfortably above regulatory requirements.Read more

24 Jul 2026

Mumbai's luxury housing market is witnessing a shift in buyer preferences, with greater focus on construction quality, developer credibility and long-term value alongside location. Sobha Inizio, located on Mumbai's Eastern Waterfront near Atal Setu, is positioned to benefit from improving connectivity and upcoming infrastructure projects. The development features sea-facing residences, wellness amenities and premium specifications. The company has also introduced a sales gallery and Mumbai's first developer museum to offer buyers greater insight into its construction practices, quality standards and development philosophy.Read more

23 Jul 2026

Ashiana Housing Ltd has sold 224 premium residential units worth INR 372.45 crore at its Ashiana Oma project in Jaipur, reflecting sustained demand for organised housing in the city. Developed under a revenue-sharing joint venture model, the 10.35-acre project comprises 280 residential units and is located at Mansarovar Extension, Jaisinghpura, along Jaipur's Ajmer Road corridor. The homes sold account for around 4.80 lakh sq ft of saleable area. The listed developer said the strong response indicates increasing buyer preference for planned residential communities offering quality construction, open spaces and long-term value. Ashiana Housing has delivered more than 55 projects across its portfolio.Read more

23 Jul 2026

The Municipal Corporation Gurugram (MCG) has partnered with The Art of Living Social Projects to restore and sustainably manage selected urban ponds across Gurugram. The collaboration aims to address the growing degradation of the city's water bodies caused by rapid urbanisation, encroachments, sewage inflow, and waste dumping. The project will focus on scientific restoration, ecological conservation, groundwater recharge, biodiversity enhancement, and long-term monitoring. Alongside technical interventions, the initiative also seeks to involve local communities through awareness programmes and volunteer participation to ensure sustainable management of the restored water bodies.Read more

22 Jul 2026

The Telangana government has launched the Indiramma Indlu-LIG Flats scheme to provide affordable housing support to eligible urban poor families across Hyderabad and surrounding urban areas. Announced in the past week, the initiative will facilitate the construction or purchase of Low-Income Group (LIG) flats with financial assistance of INR 6 lakh per beneficiary. The programme forms part of the state's broader Indiramma housing initiative aimed at expanding access to permanent housing for economically weaker sections in urban centres. The scheme is expected to cover beneficiaries residing in the Comprehensive Integrated Residential Urban Expansion (CURE) region while complementing the government's ongoing affordable housing efforts. It also seeks to address housing shortages in rapidly urbanising areas through a structured subsidy-based model backed by the state government.Read more

Mumbai News Desk

22 Jul 2026

The directors of Mumbai-based luxury developer Notandas Realty, Mahesh Jagwani and Harsh Jagwani, have acquired the heritage Villa Wilson bungalow in Juhu for INR 135 crore, marking the company's second high-profile bungalow purchase in the suburb this year. Spread across a plot of about 1,038.5 square metres with a future developable area of roughly 11,836.94 square metres, the property was previously owned by the Wilson family for more than five decades. The company plans to develop a luxury residential project on the site with a projected gross development value of INR 600 crore.Read more

24 Jul 2026

GreenLine Mobility has partnered with Dabur India to deploy LNG-powered trucks for the FMCG company's logistics operations across India. The collaboration is aimed at reducing emissions from long-haul freight while maintaining operational efficiency and reliability. It also aligns with Dabur India's sustainability goals and reflects the increasing adoption of lower-emission transport solutions by Indian businesses. GreenLine, which operates a fleet of more than 1,000 LNG-powered trucks across key freight corridors, continues to expand its presence across sectors including FMCG, steel, cement, mining and chemicals.Read more

23 Jul 2026

Welspun One has leased approximately 15,000 sq ft of space at its Grade-A Urban Distribution Centre within the World Trade Centre (WTC) Thane to Novel Jewels Ltd, an Aditya Birla Group company. Announced in the past week, the lease will enable Novel Jewels to establish its storage and distribution operations closer to key consumption markets across the Mumbai Metropolitan Region (MMR). The transaction highlights increasing demand for institutional-grade logistics facilities capable of supporting businesses handling high-value inventory with enhanced security, operational continuity and scalability. Developed as a mixed-use business ecosystem, WTC Thane integrates urban distribution, commercial spaces, workplaces and supporting infrastructure, catering to occupiers seeking efficient last-mile connectivity within one location.Read more

22 Jul 2026

Mahindra Logistics reported a strong financial performance for the first quarter of FY27, driven by growth across its contract logistics, express and mobility businesses. Standalone profit after tax increased nearly five times year-on-year, while consolidated operations returned to profitability. Revenue grew 23 per cent on both standalone and consolidated bases, supported by new customer additions, higher warehouse capacity and improved operational efficiencies. The company also reported continued expansion in e-commerce and quick commerce logistics, alongside a sustained turnaround in its express business.Read more

18 Jul 2026

India's industrial and warehousing sector recorded approximately 21.9 million sq ft of Grade A leasing across the top eight cities during the first half of 2026, reflecting a 12% year-on-year increase, according to Colliers. Delhi NCR and Chennai together contributed more than 45% of the total absorption, while third-party logistics (3PL) companies remained the largest occupier segment, accounting for 30% of leasing activity. Engineering and e-commerce firms also recorded strong demand. New Grade A supply reached 24.7 million sq ft during the period, surpassing leasing activity and resulting in a marginal increase in vacancy levels to 17.2%. Despite global supply chain disruptions during the second quarter, occupier demand remained resilient, supported by domestic manufacturing growth and infrastructure-led development.Read more

15 Jul 2026

Flipkart has announced plans to further expand its long-term investments in West Bengal by strengthening its supply chain infrastructure, seller ecosystem and skill development initiatives. The Walmart-owned e-commerce company said the state, which houses its largest fulfilment centre in India at Haringhata, will remain a key part of its growth strategy. The company currently operates more than 300 logistics facilities across West Bengal, supports over 120,000 jobs, and has expanded Flipkart Minutes with 90 micro fulfilment centres. It also continues to support MSMEs, artisans, weavers and farmers through its digital marketplace.Read more

24 Jul 2026

Tattva Wellness Spa has expanded its presence in North India with the opening of its first outlet in Jalandhar at Radisson Hotel on GT Road. The new facility offers massage therapies, skincare treatments, salon services and wellness add-ons for hotel guests as well as local residents. The spa features dedicated therapy rooms, steam and shower facilities, and follows Tattva's element-inspired wellness philosophy. The launch further strengthens the brand's network, which now spans more than 120 locations across India through partnerships with hotels, resorts and standalone wellness centres.Read more

24 Jul 2026

IKEA is planning to strengthen its presence in the Delhi-NCR market by expanding to around six stores over the next few years through a mix of city-format and large-format outlets. The company is set to open its second city-format store in the region at DLF Avenue, Saket, while large-format stores are already planned in Noida and Gurugram. The expansion is part of IKEA's broader India strategy, which includes increasing investments, expanding e-commerce operations, and reaching more customers through multiple retail formats.Read more

24 Jul 2026

Mahindra Holidays & Resorts India Ltd (MHRIL) reported a consolidated net loss of INR 8.56 crore for the first quarter of FY27, compared with a profit of INR 7.17 crore in the corresponding period last year. The company attributed the decline to growth-related costs in its domestic business and geopolitical uncertainties affecting its international operations. Despite the loss, revenue from operations increased to INR 732.81 crore from INR 701.40 crore a year earlier. MHRIL said it remains on track to add around 1,000 resort keys during FY27 and continues to target a portfolio of 10,000 keys by FY30, despite project execution challenges linked to supply chain constraints and labour shortages.Read more

24 Jul 2026

IndiaMART InterMESH Ltd reported a steady financial performance for the first quarter of FY27, driven by growth in its core business and accounting software segment. The company's net profit and revenue both recorded double-digit year-on-year growth, while expenses also increased in line with business expansion. Total income crossed INR 521 crore during the quarter, supported by higher operational revenue and other income. The results reflect continued demand for the company's digital B2B marketplace and related software offerings.Read more

23 Jul 2026

Youthville has expanded its student housing portfolio with the launch of its 11th property, a girls' hostel in Mumbai's Vile Parle. The new facility strengthens the company's presence in Mumbai and Pune as it works towards its target of operating 15,000 beds over the next five years. Located near major educational institutions, the property offers professionally managed accommodation with modern amenities and security features. The expansion reflects the growing demand for organised student housing in India's key education hubs, where students increasingly prefer managed living spaces over conventional hostels and rented accommodation.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

08 Jul 2026

Interior Company, the home interiors business of Square Yards, is expanding its technology-enabled interior design and execution services as demand for organised post-possession home solutions grows across India. The company offers an integrated model covering design, procurement, project management and execution through a single platform. Its proprietary AI-powered design tools, including the Blocks platform, allow homeowners to visualise, customise and estimate interior costs in real time. Interior Company said it has completed more than 500 projects, built a network of over 2,000 design professionals and expanded its presence across 10 cities in India and two international markets, reflecting growing demand for structured interior execution services.Read more

07 Jul 2026

Premium co-living operator Housr has introduced a zero-deposit rental product through a partnership with fintech platform CirclePe, enabling residents to move into its properties without paying an upfront security deposit. The facility has been integrated into Housr's resident management application and will be rolled out across the company's portfolio in India. Under the model, residents can replace the traditional security deposit with a monthly payment, reducing initial move-in costs. The initiative targets one of the key financial barriers in the rental housing market, particularly in metropolitan cities where security deposits often require tenants to commit substantial upfront capital.Read more

24 Jul 2026

Foreign banks have passed on the Reserve Bank of India's policy rate cuts to borrowers and depositors more effectively than public and private sector banks during the current easing cycle, according to the RBI's latest monthly bulletin. The data showed that foreign banks recorded the steepest reductions in lending as well as deposit rates across both fresh and outstanding accounts. The central bank also noted that the transmission of policy rate cuts remained particularly strong in sectors linked to repo-based lending, including infrastructure, reflecting the growing impact of external benchmark-linked lending norms.Read more

11 Jul 2026

India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.Read more

09 Jul 2026

The Bombay Chamber of Commerce & Industry, in collaboration with the Brihanmumbai Municipal Corporation (BMC), organised the Namaste Mumbai Conclave 2026 and The Grand CivicTech Fund Quest in Mumbai earlier this month. The event brought together government officials, industry leaders, investors, academicians and entrepreneurs to discuss Mumbai's future as a creative, cultural and innovation-driven city. Alongside panel discussions on urban development and city branding, the conclave featured a CivicTech startup competition aimed at supporting technology-led solutions for urban governance. Niramai Health Analytix Pvt. Ltd. emerged as the winner of the competition, while BMC highlighted its efforts to foster civic innovation through its SMILE incubation programme.Read more

07 Jul 2026

Hindustan Petroleum Corporation Limited (HPCL) reported that its operational efficiency programme, Project Samridhi, improved earnings by USD 0.54 per barrel during FY26 through cost optimisation and refinery performance enhancements. The initiative generated EBITDA gains of INR 1,691 crore while supporting broader investments in refining, pipeline and fuel retail infrastructure. The programme forms part of HPCL's strategy to strengthen operational efficiency, expand energy infrastructure and improve financial performance across its refining and marketing network.Read more

02 Jul 2026

• Uttar Pradesh is strengthening its infrastructure and digital governance framework as part of its strategy to become a USD 1 trillion economy, with a focus on improving connectivity, ease of doing business and public service delivery.
• The state is expanding its network of expressways, airports, waterways, logistics hubs and defence manufacturing corridors to attract investments, improve regional connectivity and generate employment.
• The government believes sustained investments in physical infrastructure, technology-driven governance and industrial development will strengthen economic growth and help achieve its long-term development goals while contributing to the vision of Viksit Bharat.Read more

6 minutes ago

Vietnam's State Treasury raised USD 232 million through its weekly government bond auction, marking a notable improvement from the previous week's auction as investor participation strengthened. The auction recorded a higher subscription rate, with nearly half of the bonds offered being sold. Strong demand was seen for five-year and 10-year bonds, while longer and shorter-tenure securities received limited interest. The government continues to rely on bond issuances to meet its annual fundraising target, with more than one-third of the planned amount already mobilised this year.Read more

3 hours ago

Hybrid-electric aircraft startup Electra has announced an investment of USD 850 million to establish a manufacturing facility in Springfield, Ohio, to produce its nine-passenger EL9 hybrid-electric aircraft. The project is expected to generate 1,975 jobs and support production of up to 400 aircraft annually in its initial phase. The company is progressing through U.S. regulatory certification and is targeting commercial service by 2030. Backed by investors including Honeywell Aerospace, Safran and Lockheed Martin Ventures, Electra aims to expand regional air connectivity through its short take-off and landing aircraft.Read more

24 Jul 2026

AvalonBay Communities has suspended its full-year earnings outlook following its pending merger with Equity Residential, while reporting mixed financial results for the second quarter. The company's core funds from operations improved slightly on a year-on-year basis, supported by growth in same-store residential revenue. However, diluted earnings declined compared to the previous year. The company also highlighted a challenging operating environment, with elevated interest rates and tariff-related uncertainty affecting consumer confidence and slowing demand for new residential leases. The proposed merger is expected to create one of the world's largest listed residential rental companies.Read more

24 Jul 2026

Equity Residential has suspended its full-year earnings outlook following its planned merger with AvalonBay Communities, while reporting a modest increase in second-quarter funds from operations (FFO) that exceeded analysts' estimates. The company also raised its full-year same-store net operating income (NOI) growth guidance after recording higher occupancy, strong lease renewals and improved rental revenue during the quarter. Despite continued pressure from elevated interest rates, the apartment REIT maintained positive operating performance, supported by resilient demand and limited housing supply across its key markets.Read more

24 Jul 2026

The European Investment Bank (EIB) Group has selected Nextensa’s Treemont development in Brussels as the future home of its Permanent Representation in the city. The relocation is planned for the second quarter of 2028 and marks a long-term office commitment in Brussels' European district. Treemont is being developed as a timber-framed, carbon-neutral office building with a strong focus on sustainability and modern workplace standards. The move highlights the growing demand for environmentally efficient office spaces among major European institutions.Read more

24 Jul 2026

India is home to architectural wonders that go far beyond grand palaces and modern skyscrapers. Hidden across forests, mountains and rocky landscapes are extraordinary homes that have been carved into caves, built around ancient trees or seamlessly blended into hillsides. Many were created centuries ago, while others are modern marvels inspired by nature. These unique homes tell stories of survival, tradition, craftsmanship and sustainable living. Here are eight remarkable Indian homes that prove some of the country's most fascinating residences are those built in harmony with nature.Read more

23 Jul 2026

Delhi's rooftop cafes and restaurants offer much more than great food. They combine beautiful views, stylish settings and memorable dining experiences that make every visit special. Whether you're planning a romantic dinner overlooking the Qutub Minar, a weekend brunch with friends or an evening of cocktails under the stars, the city has plenty to offer. From elegant fine-dining restaurants to lively rooftop cafes, these nine destinations stand out for their food, ambience and spectacular skyline views.Read more

22 Jul 2026

Goa is synonymous with golden beaches and vibrant nightlife, but beyond its famous coastline lies a collection of islands waiting to be explored. Surrounded by rivers, estuaries and the Arabian Sea, these islands offer everything from serene beaches and Portuguese-era villages to birdwatching, mangrove forests and heritage churches. Whether you're seeking adventure, tranquillity or a glimpse into Goa's rich history, these ten islands showcase a quieter and often overlooked side of India's favourite coastal destination.Read more

21 Jul 2026

Punjab's evolving transport network is strengthening connections between its heritage cities, pilgrimage centres and hospitality destinations. Expressways, national highways, railway modernisation and airport upgrades are improving access to landmarks that have shaped the state's cultural identity for centuries. During FY2025-26, major infrastructure projects, including the Delhi–Amritsar–Katra Expressway and railway station redevelopments, continued to support tourism, commerce and urban growth, linking Punjab's historic heartland with an expanding hospitality and food landscape.Read more

20 Jul 2026

India's expanding cities have created an unusual phenomenon where a single locality, road or landmark is commonly associated with two different cities at the same time. As municipal boundaries expand, metropolitan regions merge and urban development stretches beyond administrative limits, several well-known addresses now carry dual identities. Some are officially located in one city but are popularly associated with another, while others straddle district or municipal borders altogether. Here are nine Indian addresses that simultaneously belong to two cities in the minds of residents, businesses and even visitors.Read more