10 minutes ago

Construction costs for shopping malls in India have increased by 13.9% over the past two years, driven by higher spending on design, infrastructure and building systems. Developers are investing more in advanced fades, multi-level basements and upgraded mechanical, electrical and plumbing (MEP) systems to meet evolving consumer expectations. The rise has made mall development more capital-intensive, even as demand for organised retail space remains strong. The trend reflects a shift towards experience-led retail formats, requiring higher upfront investment. Developers are now recalibrating project economics amid rising costs, which may influence leasing strategies and timelines for new mall supply.Read more

40 minutes ago

Aditya Birla Capital has diluted its stake in Aditya Birla Housing Finance Ltd by selling a 14.29 per cent stake to Indriya Ltd, backed by private equity firm Advent International. The transaction, valued at INR 2,750 crore, was completed through a preferential allotment of equity shares. Following the deal, ABHFL is no longer a wholly owned subsidiary, with Aditya Birla Capital retaining an 85.505 per cent stake. The move reflects continued investor interest in housing finance companies amid steady demand for home loans and retail credit expansion.Read more

Lucknow News Desk

1 hour ago

The Lucknow Development Authority (LDA) has approved 15 major development proposals, including a new township in Amausi, with a combined investment of nearly INR 2,500 crore. The clearances cover residential, commercial and institutional projects across the city and are expected to add fresh housing supply and urban infrastructure. The proposed Amausi township will be developed over a large land parcel near the airport corridor, reflecting the authority's focus on planned urban expansion in southern Lucknow. The approvals form part of a broader push to accelerate project clearances and unlock stalled investments in the city's real estate market.Read more

1 hour ago

The Nagpur-Mumbai Samruddhi Expressway recorded toll collections of INR 1,240.04 crore in FY26, with 1.55 crore vehicles using the corridor, marking a year-on-year increase of nearly INR 500 crore. The 701 km access-controlled expressway has seen steady traffic growth since its phased opening, crossing one crore vehicles in FY25. Cumulative usage has reached 3.44 crore vehicles, generating INR 2,660 crore in toll revenue to date. The sharp rise in collections reflects increasing traffic volumes across the corridor, which connects key districts in Maharashtra and serves as a major intra-state logistics and passenger movement route.Read more

2 hours ago

Technology firm Atomic North has opened a new office in Chennai, located at WeWork DLF Cybercity on Mount Poonamallee Road, Manapakkam, as part of its expansion in South India. The facility is intended to strengthen regional client engagement and tap into Chennai's technology talent pool. The company plans to recruit across engineering, operations, and client-facing roles in the coming months. The move reflects Atomic North's broader strategy to scale its presence across India and enhance service delivery to clients in the southern market.Read more

2 hours ago

The Karnataka Real Estate Regulatory Authority (K-RERA) has directed the Bangalore Development Authority (BDA) to pay approximately INR 56 lakh as interest compensation to a homebuyer for delays in providing basic amenities at the Nadaprabhu Kempegowda Layout in Bengaluru. The order follows a complaint where the allottee had received possession without essential infrastructure such as roads, water and electricity. K-RERA held that BDA qualifies as a promoter under the RERA framework and is liable for deficiencies in service. The ruling reinforces accountability of public authorities in real estate projects and underscores that possession without infrastructure does not meet statutory obligations.Read more

3 hours ago

Panchshil Realty has secured Integrated Management System certification across 12 office parks spanning approximately 16.6 million sq ft in Pune and other locations. The certification covers four ISO standards ISO 9001, ISO 14001, ISO 45001, and ISO 41001 across assets including IT parks, SEZs, and mixed-use developments. The portfolio also includes three office parks under Ventive Hospitality Ltd. The certification applies to end-to-end facility management services and reflects adherence to global operational, environmental, and safety benchmarks as the developer expands its commercial real estate footprint.Read more

3 hours ago

Private equity firm TPG has invested USD 100 million in US-based student transportation company Zum, valuing it at around USD 1.7 billion. The investment, made through TPG's Rise Fund, marks a notable increase from Zum's earlier valuation of USD 1.3 billion in its previous funding round. The company recently achieved breakeven at the EBITDA level and continues to expand its services across schools in multiple states. The fresh capital will support geographic expansion, technology development, and potential acquisitions, while also positioning the company for long-term growth.Read more

4 hours ago

Two Boeing 737 aircraft operated by Akasa Air and SpiceJet were damaged after coming into contact on the ground at Delhi airport, prompting an investigation by the Directorate General of Civil Aviation (DGCA). The incident occurred at Terminal 1 when a taxiing SpiceJet aircraft struck the stationary Akasa Air plane preparing for departure. Both aircraft have been grounded following the occurrence. The Akasa flight, scheduled to operate to Hyderabad, was returned to the bay, and all passengers and crew were safely disembarked. The regulator has initiated a probe to assess the circumstances, with preliminary findings indicating damage to the winglet and horizontal stabiliser of the respective aircraft.Read more

Mumbai News Desk

4 hours ago

The Brihanmumbai Municipal Corporation (BMC) has utilised around 87% of its capital expenditure budget, spending INR 39,159 crore out of INR 43,162 crore. This marks an increase from the previous year and reflects faster execution of infrastructure projects. Major spending was directed towards sewage treatment upgrades, road concreting, bridges, water supply, and stormwater drainage. While the administration has focused on improving long-term infrastructure, concerns have been raised about gaps in basic civic services and the need for better quality control in project execution.Read more

5 hours ago

Indian Hotels Company (IHCL) has signed a 70-key greenfield Gateway hotel in Dirang, Arunachal Pradesh, as part of its expansion into emerging leisure destinations. The development reflects rising tourism demand in the region, supported by improved accessibility and natural landscape appeal. With this addition, IHCL's portfolio in the North East will increase to 21 hotels, including 12 under development. The project is being developed in partnership with a local stakeholder and aligns with the company's strategy of entering underpenetrated markets. The move highlights growing hospitality interest in smaller destinations driven by leisure and experiential travel demand across India.Read more

5 hours ago

The UK economy expanded at a faster pace than anticipated in the three months leading up to February, supported by stronger monthly performance. Official data showed a 0.5% rise in GDP, exceeding market expectations of 0.2%. Growth in February alone also came in significantly higher than forecasts, indicating improved economic activity across sectors. The latest figures suggest some short-term resilience in the UK economy despite ongoing global uncertainties, inflation pressures, and interest rate concerns that have affected growth trends in recent quarters.Read more

6 hours ago

The Maharashtra government has secured investment commitments exceeding INR 1.75 lakh crore through memorandums of understanding with Shyam Steel and JW Global India, covering steel manufacturing, renewable energy, data centres and emerging technologies. Shyam Steel plans to invest INR 10,000 crore in a steel plant in Chandrapur, while JW Global has proposed investments of around INR 1.65 lakh crore across multiple sectors, including a floating solar project in Solapur. The developments are expected to generate over 11,000 jobs. The state government highlighted ongoing policy reforms and simplified procedures aimed at accelerating project execution and attracting investments across industrial and clean energy segments.Read more

6 hours ago

Navi Mumbai Municipal Corporation has started work on a tunnel road beneath Palm Beach Road near Moraj Circle in Sanpada, despite continued opposition over environmental impact. The project will affect 440 trees, with 111 to be cut and 329 to be transplanted. Estimated at INR 33.80 crore, the project is aimed at easing congestion at a key junction. Residents and environmental groups have raised concerns about tree loss and planning changes, but authorities have proceeded without altering the approved design, and on-ground work is now underway.Read more

7 hours ago

The Hosteller, a backpacker hostel chain based in Mumbai, has secured INR 150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust and several family offices. The capital infusion is intended to support the company's expansion across key travel destinations in India, alongside investments in operational efficiency and brand development. The company has outlined plans to scale its inventory to 25,000 beds over the next 36 months while advancing its position in the organised budget hospitality segment. It is also preparing to introduce a travel-focused super app integrating accommodation, food and beverage services, mobility, and curated travel experiences into a single digital platform.Read more

7 hours ago

Equinor has indicated that its Marketing, Midstream and Processing (MMP) division is expected to report stronger-than-guided earnings for the first quarter. The unit, which includes energy trading operations, is likely to exceed the company's earlier guidance of USD 400 million in adjusted operating profit. The update comes ahead of the company's scheduled earnings announcement on May 6, when investors will assess the impact of tighter crude markets and internal structural changes. Industry trends show that oil price volatility during the quarter supported trading gains across major European energy companies.Read more

8 hours ago

The Supreme Court has declined to interfere with a Bombay High Court ruling that lifted the stay on fraud classification proceedings against Anil Ambani and Reliance Communications. The case stems from a forensic audit that flagged alleged diversion of funds worth around INR 30,000 crore. While dismissing the appeals, the apex court allowed Ambani to challenge the show-cause notices before the High Court and asked for an expedited hearing. The decision follows earlier withdrawal of interim relief and puts the focus back on detailed examination of the matter at the High Court level.Read more

8 hours ago

Citius TransNet Investment Trust has mobilised INR 497.25 crore from anchor investors prior to the launch of its INR 1,105 crore initial public offering. The anchor book saw participation from pension funds, mutual funds, insurance firms, and institutional investors, with units allocated at INR 100 each. The public issue is priced between INR 99 and INR 100 per unit and is scheduled to open in the immediate term. Proceeds will be utilised for acquiring stakes in road infrastructure assets, including SRPL Roads Private Ltd and several project-specific special purpose vehicles. The offering reflects continued investor interest in infrastructure-backed InvIT structures with stable yield potential.Read more

9 hours ago

NG Electro Products, a contract manufacturing platform focused on consumer goods, has secured INR 150 crore in funding from JM Financial Private Equity and family offices. The investment will be utilised to expand manufacturing capacity, strengthen research and development capabilities, and enhance quality and compliance infrastructure. The company serves consumer brands across home care, beauty and personal care, and nutraceutical segments. The investment was made through JM Financial India Growth Fund III, which targets multiple sectors including consumer, manufacturing, and technology. The funding reflects investor interest in scalable contract manufacturing platforms catering to evolving consumer product demand and product innovation requirements.Read more

9 hours ago

Govind Kripa Infratech Private Limited, a subsidiary of Globe International Carriers, has entered the hospitality sector through a memorandum of understanding with OPO Hotels & Resorts to develop and operate an upscale hotel in Mahindra World City SEZ, Jaipur. The proposed property will comprise around 56 rooms and target business and long-stay travellers. Located along the Jaipur Ajmer corridor with proximity to the airport, the hotel is positioned to cater to industrial and corporate demand in the region. The arrangement is structured as a management partnership, with OPO Hotels responsible for operations. The move reflects the company's diversification into hospitality assets amid rising demand for organised accommodation in industrial hubs.Read more

10 hours ago

Maine has become the first US state to approve a moratorium on large-scale data centres, pausing new developments above 20 megawatts amid rising concerns over energy demand, environmental impact and infrastructure strain. The legislation, passed in the past week, will halt approvals until late 2027 while a state-appointed council evaluates the sector's impact on electricity grids, water usage and local communities. The move comes as AI-led demand accelerates data centre investments across the US, with tech firms committing significant capital to expand capacity. The decision reflects growing resistance to hyperscale infrastructure, even as governments and industry continue to view data centres as critical to digital and AI ecosystems.Read more

10 hours ago

A Mumbai consumer court has directed Go Airlines (later rebranded as Go First) to refund INR 63,161 with 18 per cent annual interest and pay additional compensation after ruling that misrepresenting a cancelled flight as rescheduled and marking passengers as no-shows constituted unfair trade practice. The case relates to a 2019 Goa-Chandigarh flight booking cancelled hours before departure. The airline had denied a cash refund, offering only a credit shell while citing regulatory exemptions. The commission rejected this defence, noting that the airline had itself communicated the cancellation. It also awarded INR 25,000 as compensation and INR 20,000 towards litigation costs, holding the airline liable for deficiency in service.Read more

11 hours ago

Recent updates from France and the Benelux region indicate stable performance across real estate, construction, and telecom sectors. Covivio reported steady revenue and high occupancy, reflecting resilience in property demand. Kaufman & Broad maintained stable earnings outlook with consistent margins, while Vinci secured a large infrastructure contract in the Czech Republic, strengthening its order book. Meanwhile, Proximus announced a leadership change, and Exail Technologies saw strong growth driven by its robotics segment.Read more

Noida News Desk

11 hours ago

The Yamuna Expressway Industrial Development Authority (YEIDA) has extended the deadline for applications to its proposed 500-acre fintech hub in Sector 11 near the Noida International Airport, revising the submission date to April 29. The move is aimed at attracting wider participation from global investors and financial institutions. The project, structured through an expression of interest (EOI), is envisioned as a financial services ecosystem comprising offices, IT and digital service centres, and transaction processing units. YEIDA plans to leverage upcoming industry events to promote the development and increase investor engagement. The hub is expected to support fintech, banking, and financial services firms while strengthening the region's positioning as a financial services destination.Read more

12 hours ago

The Gujarat Chambers of Commerce and Industry (GCCI) has commenced its annual trade expo in Gandhinagar, spanning 18,000 sq m and featuring 610 exhibitors across sectors such as automobiles, renewable energy, IT, pharmaceuticals, textiles, and emerging technologies. The three-day event is expected to attract up to 50,000 visitors, with over 30,000 registrations already recorded. The platform is positioned to support MSMEs and startups by enabling industry engagement and market access. Gujarat Chief Minister Bhupendra Patel highlighted the state's economic contribution, including 8.3 per cent of India's GDP and 31 per cent of exports, while underlining the role of policy support and industry collaboration in driving growth.Read more

12 hours ago

Cisneros is planning to launch a USD 1 billion private investment fund focused on Venezuela, signalling renewed investor interest in the country amid gradual easing of US sanctions. The fund, to be named Intrepid, will target sectors such as real estate and agriculture while avoiding oil and mining. Around two-thirds of the capital has already been secured, with participation expected from investors across Latin America, the US and sovereign funds. The move comes as Venezuela sees improving global engagement, including policy shifts and financial openings, although regulatory and sanctions-related uncertainties continue to influence investment decisions.Read more

13 hours ago

The Mumbai bench of the Income Tax Appellate Tribunal has ruled that taxpayers can claim capital gains exemption under Section 54 even if they did not file their original income tax return within the due date. The decision came in a case where the taxpayer declared long-term capital gains and claimed exemption during reassessment proceedings. The tribunal held that such claims should not be denied purely on procedural grounds. It has sent the matter back for fresh verification, reinforcing that eligibility conditions, not filing delays, should guide tax benefit decisions.Read more

13 hours ago

A proposal by New York Governor Kathy Hochul to tax second homes valued above USD 5 million has received support from New York Mayor Zohran Mamdani. The move targets high-value properties that remain vacant for most of the year and is aimed at improving housing affordability and bridging a budget gap. The policy is expected to generate around USD 500 million annually. Similar measures are already in place in countries such as France, the United Kingdom and Canada.Read more

14 hours ago

Wipro Hydraulics, part of Wipro Infrastructure Engineering, has signed a definitive agreement to acquire a majority stake in Italy-based Indeco Ind Spa, marking its entry into the hydraulic attachments segment. Indeco, established in 1976, manufactures demolition and construction equipment such as hydraulic hammers and shears, with operations across Italy and the US. The transaction is expected to expand Wipro's product portfolio beyond hydraulic cylinders while strengthening its global manufacturing and distribution footprint. The founding Vitulano family will continue to remain operationally involved in the business. The deal also provides Indeco access to enhanced research and development capabilities and Wipro's global network, supporting further product development and organisational growth.Read more

15 hours ago

The Securities and Exchange Board of India (Sebi) has entered into a memorandum of understanding with the Financial Intelligence Unit-India (FIU-India) to enhance cooperation in tackling money laundering and fraud in the securities market. The agreement facilitates regular exchange of data and intelligence in line with Egmont principles and aims to support enforcement of the Prevention of Money Laundering Act, 2002. The MoU, which came into effect recently, is expected to strengthen market surveillance and improve coordination between the two agencies. Senior officials from both organisations formalised the agreement, signalling a move towards tighter regulatory oversight and information sharing in India's financial markets.Read more

16 hours ago

The Ministry of Statistics and Programme Implementation has introduced a new infrastructure dashboard covering 11 sectors and 116 indicators to improve performance tracking and policymaking. Based on the PAIMANA framework, the system evaluates not just output but also access, quality, utilisation, affordability and financial efficiency. It brings together data from sectors such as power, roads, railways, telecom, aviation and ports. The dashboard reflects steady progress across key segments and will be updated quarterly, with the next update scheduled for July 16, 2026, to ensure continuous monitoring.Read more

17 hours ago

Uganda has appointed Citibank to help mobilise funding for its planned Standard Gauge Railway (SGR) project, estimated at euro 2.7 billion (USD 3.19 billion). The government is also in discussions with the World Bank, which is evaluating multiple financing options. The project had faced delays after earlier attempts to secure funding from China did not succeed. Now assigned to Turkish firm Yapi Merkezi, initial groundwork has started with government support, while full construction is pending financial closure. The rail line is expected to improve regional connectivity by linking Uganda to Kenya's railway network and the port of Mombasa.Read more

Gurugram News Desk

20 Apr 2026

The Department of Town and Country Planning (DTCP), Haryana, has initiated enforcement action against unauthorised hospitality developments in Gurugram, identifying 13 banquet halls and marriage venues for violating land-use norms. As part of the drive, a hotel structure in Sidhrawali was demolished. The action forms part of a broader crackdown on illegal constructions operating without approvals or in violation of zoning regulations. Authorities have indicated that further inspections and enforcement measures will continue across the district. The move highlights ongoing regulatory scrutiny in Gurugram's peri-urban areas, where unlicensed hospitality and commercial developments have expanded amid rising demand for event and lodging spaces.Read more

20 Apr 2026

Finland has applied for EUR 9.55 million (USD 11.25 million) in funding from the European Commission to strengthen its undersea cable repair capabilities amid rising concerns over infrastructure disruptions in the Baltic Sea region. The project, coordinated by the National Emergency Supply Agency, involves partners from Finland, Sweden and Estonia. It aims to reduce repair timelines for subsea energy and communication cables during both routine and emergency situations, while ensuring operational continuity if private sector capacity is unavailable or maritime access is restricted.Read more

20 Apr 2026

The Andhra Pradesh government has approved an INR 2,550 crore investment by NPSPL Speciality Chemicals to set up a cathode material manufacturing facility in Chittoor district. The project, spread over 105 acres, will support lithium-ion battery production used in electric vehicles, electronics and energy storage systems. Backed by incentives under the state's Electronics Component Manufacturing Policy 2025-30, the unit is expected to generate around 400 direct jobs. The move aims to reduce India's reliance on imports of critical battery materials and strengthen the domestic electronics and EV supply chain.Read more

20 Apr 2026

Ganesh Green Bharat has secured a domestic order worth over INR 430 crore for the supply of bifacial solar PV modules, strengthening its presence in India's utility-scale solar segment. These modules are designed to generate power from both sides, improving energy output and efficiency. The order will support large-scale solar projects and reflects steady demand for advanced solar technologies. The company's focus on high-efficiency and durable modules aligns with the growing shift towards renewable energy and improved project performance across India's expanding solar infrastructure.Read more

20 Apr 2026

Wereldhave Belgium reported a rise in its net rental income for the first quarter, reflecting improved operational performance across its portfolio. The company's income grew by 23 per cent year-on-year, reaching EUR 21.9 million. Its financial position remained stable, with the EPRA debt ratio standing at 31.1 per cent at the end of the quarter. The company has retained its full-year outlook for net results from core activities, projecting earnings in the range of EUR 5.20 to EUR 5.30 per share, indicating confidence in steady performance.Read more

20 Apr 2026

The Delhi High Court has reserved its order on SpiceJet and Ajay Singh's plea seeking a review of a directive to deposit INR 144 crore in a dispute with Kalanithi Maran and Kal Airways. The case relates to pending financial obligations from a 2015 ownership transfer. The airline cited financial stress and requested flexibility in payment, while the opposing side argued that dues have already been examined and could exceed INR 400 crore with interest. The court's decision will be important for the airline's financial position.Read more

20 Apr 2026

alt.f coworking has expanded its Hyderabad presence with the launch of a new workspace at Meenakshi Tech Park, Gachibowli, offering nearly 800 seats. The facility has already seen strong interest from mid-sized companies, particularly teams of 15 to 50 members seeking private cabins over open seating formats. The trend highlights faster decision-making, cost clarity and demand for ready-to-move office infrastructure. The company noted rising preference for functional, scalable workspaces. It also plans additional centres in Hitech City by end of 2026, strengthening its footprint across Hyderabad's key commercial micro-markets.Read more

Lucknow News Desk

20 Apr 2026

The Lucknow Municipal Corporation (LMC) has proposed a revised and simplified structure for property mutation charges, aimed at making ownership transfers more transparent and affordable. The proposal, tabled in the past week, seeks to replace complex valuation-linked fees with a clearer, standardised framework. The move is expected to benefit both residential and commercial property owners by reducing ambiguity and financial burden during property transfers. It builds on earlier reforms where mutation fees were capped and slab-based structures introduced. The revision is part of broader efforts to streamline civic processes, improve compliance and enhance ease of property transactions in the city's real estate market.Read more

20 Apr 2026

Crisil reported a sharp rise in its financial performance for the first quarter of the current fiscal, with net profit increasing nearly 46 per cent year-on-year. The rating agency also recorded strong growth in total income, supported by steady demand for its risk and analytics services. While the company highlighted resilience in business operations, it flagged rising global uncertainties that could impact India's economic outlook. Crisil maintained a base case GDP growth estimate of 7.1 per cent for the fiscal, with risks tilted to the downside if geopolitical disruptions continue.Read more

20 Apr 2026

New Zealand's housing market recorded a slight decline in prices and sales in the past month, reflecting softer demand amid external economic pressures. Data from the Real Estate Institute of New Zealand showed a drop in both median house prices and transaction volumes compared to the previous month and the same period last year. While the Reserve Bank's decision to hold interest rates steady has offered some support, market conditions remain uneven across regions. Broader global factors, including geopolitical tensions and rising fuel costs, have continued to influence buyer sentiment and overall housing activity.Read more

20 Apr 2026

The Indian Institute of Management Bangalore, in collaboration with TBS Education, will host the ninth International Conference on the Future of Aviation and Aerospace (FOAA). The event will bring together industry leaders, policymakers and academicians to discuss sector growth, infrastructure needs, manufacturing and emerging technologies. As part of a broader executive education initiative, the conference aims to address talent gaps and strengthen industry-academia collaboration. With participation from key aviation stakeholders, discussions are expected to focus on long-term sector development and India's growing role in global aviation.Read more

20 Apr 2026

The 23rd edition of the CREDAI MCHI Thane Property Expo concluded after recording 20,467 visitors and facilitating 234 spot bookings across residential, commercial and retail segments. The three-day event featured over 100 RERA-approved projects from 40+ developers, with demand concentrated in the INR 55 lakh to INR 2.25 crore range. Key micro-markets such as Ghodbunder Road, Kolshet, Pokhran and Majiwada saw strong traction. Banks processed 398 loan applications, reporting higher sanction rates due to on-site facilitation. The event also drew interest from NRIs and investors, supported by infrastructure developments including metro expansion and the proposed high-speed rail corridor.Read more

20 Apr 2026

Equity Residential has reached a settlement with plaintiffs in an antitrust class action linked to RealPage's rental pricing practices. The company will pay USD 56 million into a settlement fund to resolve all claims. It has also indicated that it will increase its loss contingency reserve, which will be reflected in its first-quarter 2026 financial results. This adjustment is expected to impact its reported earnings and funds from operations. The case is part of broader scrutiny of algorithm-based rent-setting systems used by large residential landlords across the United States.Read more

20 Apr 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) recently hosted a senior delegation from Andhra Pradesh comprising Vice-Chairpersons of 18 Urban Development Authorities as part of a capacity-building programme focused on urban governance and infrastructure planning. The visit aimed to study MMRDA's regional development framework, including its financial structuring, land management systems, and transport-led growth model. Discussions highlighted data-driven planning, PPP frameworks, and integrated urban development across the Mumbai Metropolitan Region. The delegation examined large-scale infrastructure execution and governance practices, acknowledging MMRDA's structured approach to sustainable metropolitan growth and its growing relevance as a model for other states.Read more

20 Apr 2026

State-owned NBCC Ltd has sold around 14 lakh sq ft of commercial space in South Delhi through an e-auction process, with the total transaction value reported at approximately INR 5,779 crore. The development is part of Bharat Business Park in Sarojini Nagar, New Delhi, executed on behalf of the government. NBCC will earn a marketing fee of 1% on the overall sale value. The proceeds from such asset monetisation activities are being directed towards redevelopment projects of government residential colonies, which remain a key focus area under its project management mandate.Read more

Mumbai News Desk

20 Apr 2026

The Bombay High Court has ruled that approvals granting higher floor area ratio (FAR) for real estate projects will remain conditional on the outcome of an ongoing legal case. The court clarified that while authorities may process and grant such permissions, they will not attain finality until the matter is adjudicated. The decision has implications for redevelopment and high-density projects, where additional FAR directly influences project viability and scale. The ruling comes amid disputes over planning norms and regulatory compliance, with developers and authorities seeking clarity on permissible construction limits. The case highlights the intersection of urban planning regulations and judicial oversight in Mumbai's development framework.Read more

Bangalore News Desk

20 Apr 2026

Karnataka Chief Minister Siddaramaiah has requested a special grant of INR 6,000 crore from the Centre to improve Bengaluru's infrastructure, as part of an 18-point memorandum submitted to Prime Minister Narendra Modi. The proposal highlights the need to address pressure on urban systems due to Krapid growth. The state has also sought the release of pending Finance Commission funds, including INR 5,495 crore. The request reflects ongoing efforts to secure central support for mobility, civic upgrades and key project approvals in India's leading technology hub.Read more

20 Apr 2026

US-based banking technology firm Candescent has expanded its India operations by opening a 30,000 sq ft technology centre in Hyderabad with a seating capacity of 300, as part of its ongoing workforce and capability expansion. The company, which has offices in Mumbai and Bengaluru, has hired around 400 employees over the past year and plans further recruitment across senior and mid-level roles. India now accounts for nearly half of Candescent's 2,000-strong global workforce and serves as a key hub for engineering, product development, and AI initiatives. While its client base remains largely in the United States, the India operations are focused on talent, technology development, and supporting global delivery capabilities.Read more