20 minutes ago

The Mohali Municipal Corporation (MC) has decided to roll back a requirement mandating submission of house photographs for property tax payments following concerns raised by councillors and residents. The directive, which required front and rear images of properties, was reportedly discouraging tax compliance due to fears of regulatory scrutiny. The mayor indicated that the condition had contributed to a shortfall in tax collections, with the civic body missing its annual target by a notable margin. The rollback is expected to simplify compliance procedures, improve participation in the property tax system, and stabilise municipal revenues, which remain a key funding source for infrastructure and civic services in the expanding urban jurisdiction.Read more

1 hour ago

A report by the Comptroller and Auditor General (CAG) has highlighted significant gaps in the implementation of the Jal Jeevan Mission (JJM) in Karnataka, noting that around 34 per cent of rural households approximately 24.5 lakh homes remain without functional tap water connections. The audit, covering the period from 2019 to 2024 across selected districts, has pointed to deficiencies in planning, execution, and monitoring of water supply projects. It has also flagged issues such as delays, incomplete works, poor water quality oversight, and underutilisation of funds. The findings raise concerns over infrastructure delivery in rural areas and underline challenges in achieving universal household water connectivity under the central scheme.Read more

31 Mar 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has conducted field inspections across parts of Sangareddy district in Telangana to examine complaints related to encroachments, irregular land transactions, and drainage issues. The review covered multiple residential layouts, including Anand Nagar and Beeramguda, where residents alleged illegal occupation of land earmarked for public use. Authorities also inspected a lake and drainage network following reports of flooding caused by blocked outlets. HYDRAA has stated that records will be verified and corrective action initiated where violations are established. The exercise reflects ongoing scrutiny of layout compliance, land-use changes, and infrastructure deficiencies in expanding peri-urban areas around Hyderabad.Read more

31 Mar 2026

A US federal court has allowed Wells Fargo to proceed with its lawsuit against JPMorgan Chase over a defaulted USD 481 million commercial real estate loan linked to a multi-state residential portfolio. The case centres on allegations that the lender overlooked inflated financial disclosures provided prior to loan origination. The loan, issued in 2019 to Chetrit Group, financed the acquisition of 43 multifamily properties comprising over 8,600 apartments across 10 US states. Following a default in 2022, investors reportedly incurred significant losses. The court's decision to deny dismissal allows claims of breach of contract and loan misrepresentation to be examined in full.Read more

31 Mar 2026

Navi Mumbai International Airport, inaugurated in December last year, is significantly increasing its operations in its first summer schedule. Daily departures will rise from 22 to 78, totaling 1,092 weekly flights. The expansion includes connections to 46 domestic destinations, with 30 new routes covering commercial, tourist, and religious hubs. Key routes with highest frequency include Delhi, Goa, Bengaluru, and Kochi. This growth reflects the airport's rapid operational scaling and aims to provide better connectivity while easing pressure on existing Mumbai airports.Read more

31 Mar 2026

The Chandigarh administration is assessing whether to adopt a land pooling model or proceed with outright land acquisition for developing nearly 1,500 acres across 22 peripheral villages. While land pooling has been advocated by farmers as a participatory approach, officials have identified planning constraints under the Chandigarh Master Plan-2031 and challenges in assembling contiguous land parcels. Internal estimates indicate that outright acquisition could generate significantly higher revenues, with potential earnings of around INR 66,000 crore after development and auctions. In contrast, land pooling could reduce auctionable land and result in revenue shortfalls of up to INR 28,500 crore. The proposal remains under evaluation amid competing priorities of fiscal considerations, urban planning compliance and stakeholder expectations.Read more

31 Mar 2026

Central China Real Estate Ltd reported its full-year financial results, showing revenue of RMB 11,817 million but a substantial loss attributable to shareholders of RMB 3,045 million. The performance reflects continued pressure in China's property market, where developers are facing weak demand, tight liquidity, and ongoing debt concerns. The company's results are in line with broader trends seen across the sector over the past year, with several developers reporting losses despite maintaining project deliveries. The update highlights the ongoing financial strain in the real estate market.Read more

Mumbai News Desk

31 Mar 2026

The Brihanmumbai Municipal Corporation has approved selling treated wastewater from its Colaba Sewage Treatment Plant to private entities, creating a new revenue stream and conserving freshwater. About 3 million litres per day will be supplied at a concessional rate to projects including construction and landscaping. The plant has a total capacity of 37 MLD, with tertiary treatment for 10 MLD. While some civic members prefer using treated water for municipal purposes like cleaning and watering gardens, the move highlights a growing focus on resource efficiency and partial cost recovery for STP operations.Read more

Visakhapatnam News Desk

31 Mar 2026

The Greater Visakhapatnam Municipal Corporation has recorded property tax collections exceeding INR 510 crore for the ongoing financial year, surpassing the previous year's total of INR 500 crore with days remaining in the fiscal cycle. The civic body is aiming to reach INR 600 crore by the end of the month, supported by a state government initiative offering a 50% interest waiver on pending dues. Collection efforts have been driven by recovery of arrears, vacant land tax assessments and payments from large private entities. The milestone highlights improved revenue mobilisation by the municipal authority, which is responsible for urban governance and infrastructure services in Visakhapatnam.Read more

31 Mar 2026

The Greater Ludhiana Area Development Authority (GLADA) has undertaken an enforcement drive in Ludhiana, demolishing 13 unauthorised buildings and removing infrastructure across three illegal housing colonies in Dhandra, Manakwal and Mehmoodpura. The action followed repeated violations by developers who continued construction despite statutory notices. Authorities have reiterated that such colonies lack regulatory approvals and will not be provided civic services, including water, sewerage and electricity. The drive forms part of a wider crackdown on unplanned urban development and aims to deter unauthorised plotting activity. GLADA has also cautioned buyers against investing in unapproved layouts and indicated that further enforcement and legal proceedings against errant developers are underway.Read more

31 Mar 2026

DLF Limited has completed the sale of its IT/ITeS special economic zone (SEZ) project and an adjoining 17.75-acre land parcel in Kolkata to entities of the Srijan Group for a total consideration of INR 710.23 crore. The transaction includes the transfer of DLF TechPark II and vacant land through separate group entities of the buyer. The deal, announced earlier, aligns with DLF's strategy to monetise commercial assets and recycle capital. The divestment reflects continued consolidation in commercial real estate portfolios and the role of regional developers in acquiring income-generating assets and land parcels for future development.Read more

31 Mar 2026

Castellum AB has entered into a long-term lease agreement for a significant portion of a newly developed warehouse facility in Ringon, Gothenburg. The lease, spanning ten years, covers nearly half of the building, highlighting steady demand for logistics and industrial spaces in the region. Gothenburg continues to be a key logistics hub in Sweden due to its port connectivity and industrial base. The deal reflects ongoing interest from occupiers seeking modern warehousing solutions and aligns with broader trends of long-term leasing in the logistics segment across Europe.Read more

31 Mar 2026

Oil and Natural Gas Corporation has commenced gas production from its Daman Upside Development Project (DUDP) in the Arabian Sea, marking a key addition to domestic energy supply. The offshore project, located around 180 km north-west of Mumbai and 80 km south of Pipavav, Gujarat, has started monetisation through a newly commissioned platform. The development is expected to produce 21.5 billion cubic metres of gas, with peak output projected at 5 million standard cubic metres per day. Executed within two years, the project includes multiple wellhead platforms and pipeline infrastructure connecting to the Hazira processing facility, supporting India's efforts to enhance energy security amid global supply uncertainties.Read more

31 Mar 2026

ACS Technologies Ltd has won a contract worth INR 1.56 crore from Hindustan Aeronautics Limited (HAL) to deliver six rack integrated data centres, scheduled for completion by September 2026. The order is expected to enhance the company's revenue and strengthen its position in defence linked IT infrastructure. ACS has shown consistent financial growth, with revenue rising from INR 69 crore in FY23 to INR 127 crore in FY25 and net profits improving steadily. The deal highlights ACS's expanding presence in critical data centre solutions and public sector IT infrastructure.Read more

31 Mar 2026

Fosun International is moving ahead with plans to list its luxury resort Atlantis Sanya as a real estate investment trust (REIT) on the Shanghai Stock Exchange. The move comes as part of the group's broader effort to manage its rising debt, which reached RMB 222.10 billion as of mid-2025. The listing will depend on regulatory approvals, while a waiver from the Hong Kong Stock Exchange has already eased procedural requirements. The company is also preparing to announce its annual results shortly.Read more

31 Mar 2026

Antara Senior Care has received NABH Care Home Accreditation for its assisted living facility in Noida's Sector 66, marking the first such certification for a senior care home in the district. The 53-bed centre becomes the company's second accredited facility after its Gurugram care home received recognition in 2025. The certification, awarded by the National Accreditation Board for Hospitals and Healthcare Providers, evaluates safety, clinical governance, and quality standards in residential care environments. The development reflects growing institutionalisation within India's senior living segment, where demand for structured and regulated care infrastructure is increasing alongside demographic shifts and rising life expectancy.Read more

Mumbai News Desk

31 Mar 2026

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

Mumbai News Desk

31 Mar 2026

A sessions court in Mumbai overturned a magistrate's earlier dismissal and directed criminal proceedings against senior Maharashtra Anti-Corruption Bureau (ACB) officers, including retired officials, for failing to register an FIR in a major MHADA case worth INR 14,000 crore. The complaint, filed by activist Kamlakar Shenoy, alleged that officers deliberately delayed action and avoided legal duties, appearing to protect MHADA officials involved in the irregularities. The court emphasized that neglect of statutory duties by public servants can amount to a criminal offence and ordered proper recording of evidence and issuance of process against the accused.Read more

Mumbai News Desk

31 Mar 2026

The 750-metre extension of the Mrinaltai Gore Flyover in Goregaon, Mumbai, which began nearly eight years ago, is now around 80% complete and expected to open by mid-May 2026. Originally estimated at INR 170.82 crore, the project's cost has risen to INR 247 crore due to design changes, added noise barriers, resurfacing work, and delays caused by congested traffic, COVID-19 labor shortages, and site-specific constraints. Civic leaders have raised concerns over budget escalation and planning gaps, while residents anticipate that the extension will significantly ease traffic congestion along Western Express Highway and Link Road.Read more

31 Mar 2026

Housing sales across India's top seven cities saw a 9 per cent annual rise, crossing 1.01 lakh units during the January-March quarter, supported by a low base from last year. However, on a sequential basis, sales declined 7 per cent due to global economic concerns linked to the West Asia conflict. The total value of sales also increased 6 per cent year-on-year to around INR 1.51 lakh crore but dropped compared to the previous quarter. Rising input costs and cautious investor sentiment, especially from overseas buyers, impacted overall momentum during the latter part of the quarter.Read more

31 Mar 2026

A BJP MP has raised concerns in the Rajya Sabha over delays and gaps in the implementation of real estate and insolvency laws, especially in Uttar Pradesh. He highlighted that thousands of homebuyers are still waiting for possession despite investing their life savings. Builders, in many cases, have avoided accountability by declaring insolvency. Issues such as incomplete projects, pending government dues, and delays in case resolution under RERA were also flagged. The MP has urged the government to amend existing laws, ensure stricter enforcement, and create a time-bound system so that affected homebuyers can receive justice.Read more

31 Mar 2026

Radisson Hotel Group has announced the signing of a 100-key resort in Kalimpong, West Bengal, marking the entry of an internationally branded hotel in the hill destination. The project, branded as Radisson Resort Kalimpong, forms part of the group's strategy to expand into under-penetrated leisure markets with long-term growth potential. The development will strengthen Radisson's footprint in eastern India, where organised hospitality supply remains limited in emerging tourist locations. With over 200 hotels operational and under development across India, the group continues to focus on early entry into evolving markets to establish branded presence and capture demand driven by domestic tourism and infrastructure improvements.Read more

31 Mar 2026

Property for Industry Limited has announced a bond offer aimed at raising up to NZD 125 million, with an option to accept oversubscriptions of up to NZD 75 million. The company plans to issue 6.5-year senior secured fixed-rate bonds to investors in New Zealand and Australia. The indicative margin for the bonds is set between 1.30 percent and 1.40 percent per annum. The bonds are expected to be issued on April 13, 2026, subject to market response. The move is part of the company's broader funding strategy.Read more

31 Mar 2026

Madhya Pradesh is set to expand its aviation network by increasing the number of airports from eight to ten over the next two years. New airports in Ujjain and Shivpuri are under development, while several airstrips are being considered for upgrades under the regional connectivity plan. The state is also improving existing infrastructure, including the upgraded terminal at Devi Ahilyabai Holkar Airport in Indore, which has raised passenger handling capacity. These steps aim to improve connectivity, support tourism, and strengthen economic activity across smaller cities.Read more

31 Mar 2026

The Delhi government has allocated INR 80 crore under a dedicated scheme to improve infrastructure in SC/ST colonies across the city. The plan focuses on basic civic upgrades such as roads, drainage, sewer systems, water supply, and street lighting. Development work has already begun in areas like Shahbad Dairy and adjoining stretches to improve connectivity and daily living conditions. The initiative is part of a broader push to address infrastructure gaps in underserved localities while ensuring time-bound execution and quality standards in project delivery.Read more

31 Mar 2026

Indian Hotels Company Ltd (IHCL) has signed a 20-key greenfield Taj Safaris lodge in Satpura, Madhya Pradesh, as part of its expansion in the wildlife and eco-tourism segment. The project, being developed in partnership with Sarvapratham Hospitality, will strengthen IHCL's presence in the state, where it already operates lodges in Pench, Kanha, Bandhavgarh and Panna. With this addition, IHCL's Taj Safaris portfolio in Madhya Pradesh will increase to five properties, including one under development. The move reflects continued growth in experiential tourism and increasing investor interest in nature-based hospitality assets across India's protected forest regions.Read more

31 Mar 2026

Broad Street Realty Inc has initiated Chapter 7 bankruptcy proceedings, indicating a move towards liquidation rather than restructuring. The filing, made in the past week, reflects ongoing financial stress within the company. Alongside this, CFO Alexander Topchy has stepped down from his role with immediate effect. A Chapter 7 trustee, George L. Miller, has been appointed to take control of the company's operations and oversee the liquidation process. The development highlights continued pressure on smaller real estate firms facing liquidity issues and operational challenges in a tight financial environment.Read more

31 Mar 2026

Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to 15,985 units in the January-March period, according to data from Anarock, reflecting subdued buyer sentiment linked to global geopolitical tensions in West Asia. However, sales rose 44 per cent year-on-year due to a low base. Across India's top seven cities, sales increased 9 per cent annually to 1,01,675 units, while declining 7 per cent sequentially. In value terms, sales reached INR 1.51 lakh crore, up 6 per cent year-on-year but lower than the previous quarter. The data indicates a short-term moderation in demand despite continued strength in underlying residential market fundamentals.Read more

31 Mar 2026

India's growing wealthy population is driving demand for luxury brands, but expansion is being held back by a lack of high-quality retail space. The country currently has only a handful of luxury malls, making it difficult for global brands to scale their presence. While several new projects are planned across key cities, they are still a few years away from completion. In the meantime, brands are entering through franchise partnerships or operating in premium but non-luxury spaces. High import duties and limited infrastructure continue to shape how luxury retail evolves in India.Read more

31 Mar 2026

The Union government has proposed an amendment to the Real Estate (Regulation and Development) Act, 2016, removing the provision of up to one-year imprisonment for homebuyers who fail to comply with orders of the Real Estate Appellate Tribunal. Introduced through the Jan Vishwas (Amendment of Provisions) Bill, 2026 by Jitin Prasada, the change seeks to replace criminal penalties with financial penalties of up to 10 per cent of the property cost. The proposal aims to rationalise compliance provisions for allottees while retaining enforcement through monetary penalties. The amendment is part of broader efforts to improve ease of doing business and reduce criminal liabilities in regulatory frameworks.Read more

31 Mar 2026

Spain's proposal to impose a 100 per cent tax on property purchases by non-European Union buyers has stalled in Parliament due to lack of political support for the minority government led by Pedro Snchez. The measure, introduced in 2025 to address housing affordability concerns, has yet to be debated formally. Foreign buyers accounted for 20 per cent of residential transactions last year, highlighting their continued role in the market. While the proposal aimed to reduce speculative demand, divisions among coalition partners and opposition parties have delayed progress. Analysts indicate that structural supply shortages, rather than foreign demand alone, remain central to Spain's housing challenges.Read more

Pune News Desk

31 Mar 2026

The Pune Municipal Corporation (PMC) has limited construction and excavation activities across the city to a 14-hour window, permitting work only between 7 am and 9 pm. The directive follows a rise in complaints from residents regarding noise and air pollution linked to ongoing construction projects. Authorities have stated that violations could attract enforcement action, including stop-work orders. The move is positioned as a response to public health concerns and aims to regulate construction-related disturbances in a city witnessing steady real estate activity. The decision also places additional compliance responsibilities on developers and contractors, particularly as Pune continues to expand into newly merged areas under PMC jurisdiction.Read more

Chennai News Desk

31 Mar 2026

The Chennai Port Authority has approved an Initial Public Offering (IPO) for its wholly owned subsidiary, Kamarajar Port Ltd, marking the first instance of a state-owned port in India entering public markets. The board also approved issuing bonus shares from Kamarajar Port's reserves of about INR 3,000 crore to protect the authority's interest. Funds from the IPO will be used to repay an outstanding INR 843 crore SBI loan and address a pension deficit of INR 2,582 crore. Earlier approvals from the Ministry of Ports and Kamarajar Port's board have paved the way for the listing.Read more

31 Mar 2026

Concord Control Systems Limited has been awarded a contract worth INR 84.7 crore by Indian Railways for supplying, installing, and commissioning loco wireless control systems. The order, received through its wholly owned subsidiary Advanced Rail Controls Private Limited, is expected to be completed within 18 months. The systems will improve remote control capabilities, enhancing operational efficiency and safety. This follows a recent contract by the company's associate for on-board KAVACH 4.0 equipment worth INR 53.73 crore, highlighting Concord's growing role in modernising railway technology and safety systems.Read more

31 Mar 2026

Jawaharlal Nehru Port Authority (JNPA) has achieved a major milestone by crossing 100 million metric tonnes (MMT) in total cargo handling and surpassing 8 million TEUs in container traffic during the current financial year. This performance highlights the port's operational strength and growing role in India's trade network. Alongside this, a new shipping service connecting India with key Middle East ports has been launched, aimed at improving reliability and supporting exporters and importers amid changing global trade conditions.Read more

31 Mar 2026

French infrastructure firm VINCI Highways has emerged as the winning bidder to acquire Macquarie Asset Management's Toll Operate Transfer (ToT) 1 road portfolio in India for about INR 15,000 crore (around USD 1.6 billion). The portfolio includes nine operational toll projects spanning 648 km across Andhra Pradesh and Gujarat. Originally purchased by Macquarie in 2018 for INR 9,681 crore, the assets have generated consistent revenue over the years. VINCI's bid surpassed rivals such as Sekura Roads and KKR backed Vertis Infrastructure Trust, marking the French firm's return to India's road infrastructure sector after nearly a decade.Read more

31 Mar 2026

The Maharashtra Legislative Assembly has approved an amendment to the Maharashtra Land Revenue Code, enabling district collectors and divisional commissioners to handle nearly 90% of land-use violation regularisation cases. Introduced by Revenue Minister Chandrashekhar Bawankule, the reform shifts decision-making from the state secretariat to local authorities, reducing administrative delays and procedural bottlenecks. The amendment introduces a statutory framework, including new provisions such as Section 37A, to replace earlier reliance on government resolutions that often led to legal ambiguity and prolonged litigation. Only high-value or complex cases will continue to be processed at the state level. The move is expected to streamline land governance, improve ease of doing business, and provide faster resolution for individuals and businesses dealing with land-use compliance issues.Read more

31 Mar 2026

UBS has temporarily suspended investor withdrawals from its Euroinvest real estate fund, citing low liquidity and rising redemption requests. The fund, managed in Germany, holds assets worth around EUR 406.8 million (USD 469.4 million). The decision also includes a halt on issuing new shares to prevent further risks to investors. This move reflects a broader trend in global markets, where asset managers are restricting withdrawals due to pressure from increased redemption demands. Similar actions have been seen in private credit funds, especially in the United States.Read more

31 Mar 2026

Larsen & Toubro (L&T) has secured a water management contract valued between INR 1,000 crore and INR 2,500 crore from the Guwahati Metropolitan Drinking Water & Sewerage Board to develop a 24x7 water supply system in South-East Guwahati. The project involves end-to-end execution, including intake systems, treatment facilities, reservoirs, pumping infrastructure and a city-wide distribution network with household connections. It also includes deployment of a SCADA-based monitoring system and a five-year operation and maintenance component. The project is aimed at improving the reliability and continuity of urban water supply in Assam's largest city, while strengthening L&T's presence in the northeastern infrastructure segment.Read more

31 Mar 2026

The Telangana government has initiated a reallocation strategy to address more than 12,000 unoccupied double-bedroom housing units across Hyderabad and adjoining districts, following concerns over low occupancy despite high demand for affordable housing. Originally sanctioned under a previous administration, around 92,000 units were approved within Greater Hyderabad Municipal Corporation limits, of which 61,000 have been completed. While 23,500 houses were allotted before the 2023 elections, a significant share remains vacant due to location-related challenges. Beneficiaries have been issued notices to occupy homes within a revised deadline, failing which units will be reassigned to eligible applicants residing within a 5 km radius. The move aims to improve utilisation of public housing assets and refine future project planning.Read more

Ludhiana News Desk

31 Mar 2026

The Ludhiana Improvement Trust (LIT) has received more than 1,500 applications for the allotment of 179 remaining flats under its Atal Apartment Scheme, reflecting renewed interest in the long-pending housing project. The applications include demand across both middle-income and high-income categories, with the draw of lots scheduled for mid-April. The scheme, located at Shaheed Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later this year. Officials attribute the response to visible construction progress and comparatively lower pricing against nearby private developments. The project forms LIT's only active housing scheme and is being closely monitored following earlier delays in execution and delivery timelines.Read more

31 Mar 2026

L&T Technology Services (LTTS) has agreed to sell its Smart World and Communication (SWC) business to AMI Paradigm Solutions for INR 452 crore in a slump sale. The divestment is part of LTTS's strategic five year plan to focus on AI driven digital engineering and Engineering Intelligence services. The SWC unit, which generated over INR 1,000 crore in revenue last fiscal, provides smart infrastructure and technology solutions in India and abroad. The deal, expected to close by late September, will allow LTTS to reallocate resources to higher-growth technology segments while enabling AMI Paradigm to expand its AI capabilities.Read more

31 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority has notified its 10th amendment to the General Regulations, 2019, bringing changes focused on homebuyer protection. The update allows buyers in unregistered projects to file complaints and seek relief, addressing a long-standing gap. It also caps charges on transfer and succession of property, especially easing the process for family members. These measures aim to improve transparency, streamline dispute resolution, and reduce financial burden on buyers. The move builds on earlier regulatory efforts to strengthen accountability in the real estate sector and ensure better consumer safeguards.Read more

31 Mar 2026

The upcoming Noida International Airport at Jewar is expected to accelerate residential real estate activity in Greater Noida, with increased demand and new project launches anticipated as economic activity expands, according to a report by Knight Frank India. Annual housing supply in Greater Noida has already risen from 4,415 units in 2021 to 14,000 units in 2025, while sales have grown to 12,903 units over the same period. The micro-market accounted for 28 per cent of new launches and 25 per cent of sales across Delhi-NCR in 2025. The report indicates that the airport will strengthen developer confidence, attract investments, and support growth along the Yamuna Expressway and surrounding catchments.Read more

Ghaziabad News Desk

31 Mar 2026

Residents in Ghaziabad are facing uncertainty over property tax payments as conflicting statements from the mayor's office and municipal officials have created confusion over applicable rates and penalties. While the mayor has indicated that a previously proposed tax hike may be rolled back, the Ghaziabad Municipal Corporation maintains that no formal change has been implemented. With the financial year nearing closure, property owners are unsure whether to pay under revised or earlier rates, particularly as a 12% penalty on unpaid dues is expected to apply after the deadline. The issue follows a recent court ruling upholding the revised tax structure, leaving the state government to take a final decision. The lack of clarity has raised concerns over compliance and potential financial liability for residents.Read more

31 Mar 2026

The Union government is examining a proposal to merge Rail Vikas Nigam Limited (RVNL) and IRCON International, two Navratna public sector enterprises under the Ministry of Railways, to create a larger infrastructure execution entity. The plan, currently under inter-ministerial review, aims to combine engineering, project management and financial capabilities to improve efficiency and enable the combined entity to undertake larger domestic and international projects. The proposal will require approvals from the Ministry of Finance, Department of Public Enterprises and the Cabinet Committee on Economic Affairs. Both companies currently operate independently across railway construction, electrification and infrastructure segments, and the consolidation is expected to reduce overlap while strengthening execution capacity and project delivery scale.Read more

31 Mar 2026

The Supreme Court has dismissed a review petition by the National Highways Authority of India (NHAI), confirming that landowners whose land was acquired for highway projects between 1997 and 2008 are entitled to extra compensation, including solatium and interest. The court ruled that the projected financial burden of around INR29,000 crore cannot justify denying statutory rights. It also set a cut off date of March 28, 2008, limiting claims to unsettled cases. Compensation already paid cannot be recovered. The ruling strengthens landowners rights while maintaining legal certainty.Read more

30 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced a defined filing window from April 1 to April 15 for developers to submit quarterly progress reports (QPRs) for registered projects. The mandatory disclosures, covering the quarter ending March, include updates on construction progress, approvals, and project status. The regulator has cautioned that failure to comply may attract penalties of up to 5% of the project cost under the Real Estate (Regulation and Development) Act, 2016. The directive follows recent enforcement action against non-compliant developers and reinforces regulatory oversight aimed at improving transparency and accountability across the state's real estate sector.Read more

30 Mar 2026

Woodside Energy has taken over operations of the Beaumont New Ammonia facility in Texas after completing performance testing and handover from OCI Global. The plant, with a capacity of 1.1 million tonnes per year, began ammonia production in December and forms part of Woodside's expansion into lower-carbon energy solutions. However, the production of lower-carbon ammonia is expected only after 2026 due to delays linked to a third-party feedstock facility. The company has already secured several offtake agreements and continues to advance additional sales arrangements aligned with future output.Read more

30 Mar 2026

The central government is set to deploy 10,000 air-conditioned electric buses across 116 cities by 2027 under the PM e-Bus Sewa scheme. The initiative will mainly cover Tier 2, Tier 3, and hill cities to improve public transport and reduce pollution. In addition, a larger plan to introduce around 35,000 more e-buses is under consideration. The scheme includes support for charging infrastructure and operations. This move builds on earlier electrification efforts and is expected to improve connectivity, lower fuel dependence, and modernise urban transport systems.Read more