8 minutes ago

• Reliance Industries' entry into the redevelopment of Mumbai's 101-acre Juhu Galli slum cluster has renewed optimism among residents after years of stalled rehabilitation efforts.
• The project is expected to provide more than 28,000 rehabilitation homes while transforming one of Mumbai's largest informal settlements into an integrated urban neighbourhood.
• Despite renewed confidence following the selection of a financially strong developer, residents remain cautious about execution timelines, transit arrangements and timely rehabilitation.
• The redevelopment marks a significant shift in Mumbai's housing sector, with large corporate groups increasingly participating in complex slum renewal projects under Maharashtra's cluster redevelopment policy.Read more

23 minutes ago

• A major fire broke out at multiple warehouses in Bhiwandi, Maharashtra, leading to extensive damage to storage units containing timber, tyres and other combustible materials.
• Firefighters from several civic bodies were deployed to contain the blaze, with operations continuing for hours due to the intensity of the fire.
• No casualties or injuries were reported, as workers were safely evacuated from the affected premises.
• Authorities have launched an inquiry into the cause of the incident while assessing the extent of property damage at the warehousing hub.Read more

38 minutes ago

Some cities grow gradually, while others undergo transformations so dramatic that they redefine their identity entirely. Across India, several destinations have evolved from quiet towns, industrial centres and niche cultural hubs into thriving tourism magnets, technology capitals and economic powerhouses. Driven by infrastructure development, changing industries and ambitious urban planning, these cities now attract millions of visitors, professionals and dreamers every year. Here are 10 Indian cities that reinvented themselves and emerged as some of the country's most influential destinations.Read more

1 hour ago

Adeer Real Estate Service Company has secured a six-month contract with Al Nubalaa International Real Estate Investment Company to exclusively market and sell the Millennium Hotel in Makkah. The contract is valued at around 10% of Adeer's latest annual revenue and is expected to contribute positively to the company's financial performance once the hotel sale is completed. The agreement adds to a series of recent mandates secured by Adeer in Saudi Arabia's real estate sector, reflecting the company's continued focus on marketing and brokerage services for large-scale property assets.Read more

1 hour ago

• The Varanasi–Kolkata Expressway will include wildlife passages at every 100 metres along its stretch through Jharkhand's Chatra district to ensure safe animal movement across forested areas.
• The expressway design incorporates underpasses, box culverts and dedicated crossings to minimise habitat fragmentation and reduce wildlife-vehicle collisions.
• Authorities have also proposed protective measures such as boundary fencing, noise barriers and regulated construction practices to safeguard sensitive ecosystems during execution.
• The project aims to enhance connectivity across eastern India while integrating environmental safeguards into highway planning.Read more

1 hour ago

• Hero MotoCorp and WeWork India have leased more than 6 lakh sq ft of office space at Worldmark 6 in Aerocity, New Delhi, in one of the capital's largest recent commercial leasing transactions.
• The leases reinforce Aerocity's position as a preferred business district, driven by modern Grade A office infrastructure and strong connectivity.
• The transactions reflect sustained demand from both corporates and flexible workspace operators for premium office assets despite evolving workplace trends.
• Industry experts believe large-format leasing activity is being supported by business expansion plans and continued confidence in India's commercial real estate market.Read more

2 hours ago

The Securities and Exchange Board of India (SEBI) has rejected settlement applications filed by Anil Ambani, Reliance Infrastructure and related entities in an ongoing investigation into the alleged diversion of company funds. The regulator cited the seriousness of the allegations and the existence of parallel investigations by other agencies. The case will now proceed through the regulatory process, where SEBI will determine whether any securities law violations have occurred.Read more

2 hours ago

Roadside Real Estate Plc has said it now expects its acquisition of D.A. Roberts Fuels (DAR) to be completed in the third quarter of 2026, extending the timeline announced previously. The acquisition forms part of the company's strategy to expand its roadside retail and energy forecourt business across the UK. DAR operates a high-volume petrol filling station along with a bulk fuel distribution business, and the deal is expected to strengthen Roadside's operating platform while supporting future growth through a larger fuel retail network.Read more

3 hours ago

The Karnataka government has inaugurated a 10.7-km signal-free and toll-free arterial road in Bengaluru as part of the Bengaluru Business Corridor project, providing a new east-west connectivity link between Kadabagere Cross and Challaghatta Metro Station. Opened in the past week by Chief Minister D K Shivakumar, the 10-lane corridor has been developed at a cost of INR 631 crore and is expected to reduce travel time between Magadi Road and Mysuru Road from around 60 minutes to 20 minutes. The project includes green boulevards, service roads and a dedicated cycling track, while the state government has also announced a policy to recognise landowners who voluntarily contribute land for public infrastructure projects.Read more

3 hours ago

The Goa government has notified 1.03 crore sq m of ecologically sensitive land across seven villages in South Goa's Salcete taluka as a No Development Zone (NDZ) under the Regional Plan. The protected land comprises paddy fields, salt pans and other environmentally sensitive areas intended for conservation amid increasing urbanisation. Announcing the decision during the past week, Town and Country Planning Minister Vishwajit Rane said the notification forms part of the state's ongoing exercise to identify and safeguard fragile ecosystems from development activities. Talaulim accounts for the largest share of the notified area, followed by Majorda, Seraulim, Loutolim, Utorda, Orlim and Calata. The move significantly expands the extent of protected land in one of Goa's fastest-growing regions.Read more

4 hours ago

Embassy Developments will invest approximately INR 1,500 crore to develop a 3 million sq ft Grade A office complex in Bengaluru as part of its strategy to expand its commercial real estate portfolio and create recurring rental income. The project forms the first phase of a planned 6 million sq ft office development spread across 35 acres. Managing Director Aditya Virwani said the company expects to complete the first phase over the next three years while continuing to focus on residential development. The announcement comes amid sustained demand for premium office space from Global Capability Centres (GCCs) and multinational occupiers, with the developer also targeting residential project launches worth around INR 20,000 crore during the current financial year.Read more

4 hours ago

US-based Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through open market transactions on the National Stock Exchange (NSE). The investment was made through eight Fidelity affiliates, which collectively purchased nearly 1.99 crore shares from promoter entities Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd at an average price of INR 937.85 per share. Following the transaction, the combined shareholding of the promoter and promoter group in the Mumbai-based developer declined to 70.28% from 72.27%. The acquisition comes after Lodha Developers reported higher quarterly earnings and reflects continued institutional investor interest in India's listed real estate companies.Read more

5 hours ago

• The Lucknow Development Authority (LDA) has intensified enforcement against private hostels and paying guest accommodations that allegedly violate approved building plans and fire safety norms.
• The action follows a fatal fire in Aliganj, prompting authorities to widen inspections across hostels, coaching centres and other high-occupancy commercial establishments.
• Several hostels have been sealed, leaving students and young professionals scrambling to secure new accommodation on short notice.
• While authorities maintain the drive is necessary to improve public safety, hostel operators and tenants have sought more time to comply with the new requirements before enforcement measures are implemented.Read more

5 hours ago

Coworking operators leased a record 8.6 million sq ft of office space across India's seven major cities during the first half of 2026, marking a 32% year-on-year increase, according to a report by Colliers India. The growth outpaced conventional office leasing, which remained largely unchanged at 27.1 million sq ft, taking total gross office absorption to 35.7 million sq ft, up 6% from a year earlier. Flexible workspace providers accounted for 24% of overall leasing activity, with Bengaluru, Delhi-NCR and Hyderabad contributing nearly two-thirds of total demand. The findings indicate that occupiers, including corporates and Global Capability Centres (GCCs), continue to increase their reliance on managed workspaces, driving sustained expansion by flex space operators.Read more

6 hours ago

Uttar Pradesh aims to increase its renewable energy generation capacity from around 6,000 MW to 20,000 MW over the next two to three years, Chief Minister Yogi Adityanath announced during the foundation stone laying ceremony of SAEL Industries' solar manufacturing facility in Jewar. The state government also highlighted the rapid adoption of rooftop solar installations under the PM Surya Ghar Yojana, with more than six lakh households generating over 2,000 MW of electricity. The announcement coincided with SAEL's commitment to invest INR 8,200 crore in a solar manufacturing plant that will produce six GW of solar cells and five GW of solar modules annually. The government said the investment would strengthen domestic manufacturing, support employment generation and accelerate Uttar Pradesh's clean energy transition.Read more

6 hours ago

Housing sales across India's seven major residential markets declined 6 per cent year-on-year to 90,715 units during the April-June quarter, according to Anarock, as higher property prices and economic uncertainties weighed on buyer sentiment. The consultant attributed the slowdown to geopolitical tensions in the Middle East and uncertainty surrounding employment in the IT and ITeS sectors. While sales weakened in four major cities, Bengaluru, Hyderabad and Kolkata recorded growth. At the same time, developers launched 7 per cent more homes than a year earlier, with average residential prices across the seven cities increasing by 7 per cent. Delhi-NCR registered the highest annual price appreciation at 13 per cent.Read more

7 hours ago

Amber Group expects to achieve USD 2 billion in revenue in the near term, supported by strong growth across its electronics, consumer durables, railway and defence businesses. The company, which reported consolidated revenue of INR 12,306.63 crore in FY2025-26, has commenced work on manufacturing facilities worth around INR 6,785 crore at the Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh. The investment includes India's first high-density interconnect (HDI) printed circuit board (PCB) and semiconductor substrate manufacturing facility through a joint venture with Korea Circuit, alongside a large air-conditioner and component manufacturing complex. The projects are expected to strengthen domestic electronics manufacturing, reduce import dependence and support the localisation of critical components.Read more

7 hours ago

• The Dharwad District Consumer Disputes Redressal Commission has ruled in favour of a senior citizen whose residential plot remained unregistered despite substantial payment to the developers.
• The commission directed the developers to allot an alternative plot, execute the sale deed within a specified timeframe and compensate the complainant for mental agony and litigation costs.
• The order held that the prolonged delay in registration amounted to a deficiency in service and unfair trade practice by the developers.
• The ruling reinforces consumer protection in real estate transactions by affirming that developers must honour contractual commitments after accepting payments from buyers.Read more

8 hours ago

SEDCO Capital REIT Fund's board has approved signing a memorandum of understanding (MoU) to acquire an office tower in the Al Yasmin district of Riyadh for an expected transaction value of SAR 707 million. The proposed acquisition includes a mandatory three-year leaseback arrangement by the seller, with the property expected to generate annual rental income of around SAR 69 million. The transaction is part of the REIT's strategy to strengthen its portfolio with income-generating commercial assets, subject to the completion of the acquisition process and required approvals.Read more

8 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to examine allegations of illegal groundwater extraction at multiple construction sites in Noida and Greater Noida and initiate action where violations are found. The order, passed in the past week, follows a petition alleging unauthorised dewatering and groundwater abstraction by private builders, industries and individuals across several sectors, including Noida and the Yamuna Expressway region. The tribunal has instructed the department to conduct field verification, determine whether borewells or tube wells are operating without approval, and take remedial as well as punitive action in accordance with law. The exercise is to be completed within three months as concerns over declining groundwater levels continue in the rapidly urbanising region.Read more

9 hours ago

The Chhattisgarh Housing and Infrastructure Development Board (CGHIB) has generated INR 1,532 crore through the sale of 7,388 residential and commercial properties over the past two years, marking a financial turnaround after a prolonged period of operational challenges. Announcing the figures during the unveiling of the board's new logo in Nava Raipur, Chief Minister Vishnu Deo Sai said the organisation would expand its role beyond housing construction to undertake infrastructure development across the state. He also highlighted the government's focus on affordable housing, noting that approval for 18 lakh houses under the Pradhan Mantri Awas Yojana (PMAY) was granted during the first cabinet meeting after the present administration assumed office. The board's improved financial position is expected to strengthen its capacity to execute future housing and infrastructure projects.Read more

9 hours ago

Sunteck Realty has incorporated a new wholly owned subsidiary, Eminara Buildcon Private Limited, as part of its ongoing expansion of its corporate structure. The subsidiary will undertake construction, real estate and allied activities, with Sunteck Realty holding 100% ownership through a cash subscription to equity shares. The incorporation follows a series of similar subsidiary formations by the company over the past year, reflecting its strategy of creating dedicated entities for project execution and business expansion while maintaining full ownership and operational control.Read more

10 hours ago

The Lucknow Development Authority (LDA) has intensified its enforcement drive against commercial establishments allegedly operating in violation of sanctioned building plans following the Aliganj fire that claimed 15 lives earlier this week. During the past week, the authority issued show-cause notices to more than a dozen additional premises, including coaching centres, hotels, restaurants, nursing homes and gymnasiums, across several parts of the city. Property owners have been directed to submit approved building plans and explain the alleged deviations within the stipulated period, failing which legal action may follow. The latest action forms part of a wider citywide inspection campaign targeting unauthorised commercial use of buildings and non-compliance with development regulations in the wake of one of Lucknow's deadliest recent fire incidents.Read more

10 hours ago

Private equity (PE) investments in India's real estate sector declined 23% year-on-year to USD 1.13 billion during the first half of 2026, according to Knight Frank India. The moderation in capital inflows comes amid elevated global interest rates, tighter financial conditions and heightened geopolitical uncertainty, prompting investors to adopt a more selective approach to capital deployment. Office assets continued to dominate investment activity, attracting 89% of total inflows, while residential investments fell sharply as investors preferred lower-risk opportunities. Although warehousing and retail did not record significant PE transactions during the period, Knight Frank said the absence of deals should not be interpreted as weakening fundamentals. The report indicates that investment decisions are increasingly being driven by execution certainty, liquidity and realised returns rather than growth prospects alone.Read more

11 hours ago

• Nagpur Municipal Corporation (NMC) has revived its long-pending eviction drive against 56 unauthorised commercial establishments in Kachipura after legal hurdles that delayed the exercise for nearly a decade were cleared.
• The civic body will issue 15-day notices to affected occupants before initiating demolition and eviction proceedings, following due legal process.
• Officials say the action is aimed at reclaiming encroached land and facilitating the planned redevelopment of the Kachipura area into a modern commercial and business hub.
• The renewed enforcement drive reflects NMC's broader effort to strengthen urban planning, remove illegal constructions and accelerate infrastructure-led development in Nagpur.Read more

11 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to promoters of 76 registered real estate projects for failing to upload mandatory annual audit reports for FY2024-25 within the prescribed timeline. The authority has directed the defaulting promoters to submit the pending reports within 15 days along with a late fee of INR 25,000, warning that continued non-compliance could attract penalties of up to 5% of the estimated project cost under the Real Estate (Regulation and Development) Act. UP RERA said annual audit reports are a key mechanism for ensuring financial transparency, regulatory oversight and public disclosure, enabling homebuyers to monitor project compliance and safeguarding the interests of allottees.Read more

12 hours ago

• Traffic on the Trichy–Chennai National Highway has been diverted following the closure of the Cauvery bridge near Tiruchirappalli for essential repair and strengthening works.
• Vehicles are being rerouted through alternative roads, with authorities warning of longer travel times and possible congestion, particularly during peak hours.
• The repair work aims to enhance the structural safety and durability of the bridge, which is a key link on the busy highway corridor.
• Officials have advised commuters and freight operators to plan their journeys in advance and follow designated diversion routes until normal traffic is restored.Read more

12 hours ago

The Chhattisgarh Forest Department has initiated an inquiry into the alleged felling of more than 500 trees for the construction of a 1.34-km haul road linked to the Rowghat iron ore mine in Kanker district. Officials claim the road was built without prior approval from the forest department and have issued notices to the Bhilai Steel Plant (BSP), a unit of Steel Authority of India Ltd (SAIL), along with departmental officials. A preliminary inquiry indicates that around 540 trees were cut and portions of a hill were excavated, although a detailed assessment is underway. BSP has denied any violation, maintaining that the road falls within the area covered by forest clearance granted by the Ministry of Environment, Forest and Climate Change in 2009.Read more

30 Jun 2026

The Andhra Pradesh government has disbursed INR 300 crore in compensation to over 3,200 families displaced by the Veligonda irrigation project. Chief Minister N. Chandrababu Naidu announced the payment under the state's rehabilitation and resettlement programme, aimed at supporting project-affected households. The compensation will facilitate relocation while enabling progress on the Veligonda irrigation scheme, a major water infrastructure project designed to improve irrigation coverage and drinking water supply in drought-prone regions.Read more

30 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has approved a proposal to change the land-use reservation of the Neville D'Souza Football Ground at Bandra Reclamation for a public convention and exhibition centre. Owned by MHADA and leased to the Mumbai District Football Association, the site will undergo statutory planning changes before redevelopment. The proposal has drawn opposition from the football community and elected representatives, while civic officials say it restores the land's original reservation.Read more

30 Jun 2026

• Jharkhand's building regularisation portal has received around 4,000 applications since its launch on May 14, significantly lower than the state's estimated number of unauthorised buildings.
• Officials attribute the modest response to procedural hurdles, limited public awareness and delays in obtaining mandatory technical documents required for applications.
• The state government is reviewing implementation challenges and may consider extending the application deadline to encourage greater participation in the regularisation scheme.
• The initiative aims to legalise eligible unauthorised buildings, improve urban planning and strengthen municipal revenue while ensuring compliance with building regulations.Read more

30 Jun 2026

Odisha has unveiled plans to develop a 25-acre integrated IT park near Damana Square in Bhubaneswar to strengthen the state's technology infrastructure and accommodate rising investor interest. The mixed-use campus will be developed through a public-private partnership, with nearly 70% of its built-up area dedicated to IT and IT-enabled services, supported by commercial, retail, hospitality and residential facilities. The project is expected to support over INR 50,000 crore worth of proposed technology investments, attract global capability centres and semiconductor firms, generate significant employment, and further establish Bhubaneswar as a leading digital and innovation hub in eastern India.Read more

30 Jun 2026

Shares of companies linked to China's low-altitude aviation sector declined after a light aircraft crashed into Beijing's tallest building, prompting investors to reassess safety and regulatory risks in the emerging industry. Manufacturers of drone engines, helicopters, airport equipment and unmanned aerial vehicles witnessed losses during trading. The accident, which claimed the life of the pilot and injured 13 people on the ground, has renewed attention on aviation safety in China's tightly controlled airspace. Authorities have launched an investigation while the incident has raised fresh concerns over the sector's future regulatory environment.Read more

30 Jun 2026

• The Vadodara–Mumbai section of the Delhi–Mumbai Expressway is expected to be opened to traffic by August 31, according to Maharashtra Chief Minister Shri Devendra Fadnavis.
• Construction on the Maharashtra stretch is nearing completion, with the remaining packages progressing towards commissioning.
• The access-controlled expressway is expected to substantially reduce travel time between Mumbai and Vadodara while improving freight movement to western India's ports and industrial hubs.
• The project forms part of the Delhi–Mumbai Expressway, one of India's largest greenfield highway developments being implemented by the National Highways Authority of India (NHAI).Read more

30 Jun 2026

Flexible workspace provider Incuspaze has raised INR 150 crore in a funding round led by Bharat Value Fund and other financial institutions to support its expansion plans ahead of a proposed FY29 initial public offering (IPO). The company will use the capital to expand its presence in key commercial markets, invest in technology, and pursue strategic acquisitions. The fundraising follows recent acquisitions aimed at strengthening its managed workspace portfolio amid rising demand for flexible office solutions.Read more

30 Jun 2026

• Maharashtra Chief Minister Devendra Shri Devendra Shri Devendra Fadnavis said the upcoming Vadhavan Port will serve as a key driver of economic growth for both the state and the country over the next 30 years.
• The deep-draft port is expected to strengthen India's maritime infrastructure, enhance cargo handling capacity and improve global trade competitiveness.
• The project is anticipated to attract large-scale investments, generate employment and spur the development of logistics, industrial and allied sectors in the region.
• The state government reaffirmed its commitment to supporting the timely execution of the project in coordination with the Centre and port authorities.Read more

30 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the land acquisition process for the proposed Uttan–Virar Sea Link, marking a significant step in the development of the larger Mumbai–Vadhavan connectivity corridor. The exercise begins in Uttan village, where landowners have been asked to indicate whether they are willing to part with their land through private negotiations before the authority proceeds with acquisition.Read more

30 Jun 2026

YIT has secured several road construction contracts in Lithuania with a combined value of approximately EUR 30 million for the company. The contracts were awarded during the first half of 2026 and will strengthen YIT's infrastructure order book in the Baltic region. The Finnish construction and real estate company has been expanding its infrastructure business across Northern and Central Europe, with Lithuania remaining one of its key markets. The latest agreements build on YIT's long-standing presence in the country and its continued focus on transport infrastructure projects.Read more

30 Jun 2026

Real estate developer Omaxe Ltd has announced its entry into the organised hospitality sector with plans to invest INR 6,200 crore over the next four to five years to develop 19 hotels across five states. The projects, spanning nearly 5 million sq ft, will be integrated with the company's townships, mixed-use developments and commercial projects. Uttar Pradesh will account for the majority of the portfolio with 12 hotels, including developments in Ayodhya, Vrindavan and Lucknow. Omaxe will partner with established hospitality operators to manage the hotels, with one of the flagship projects being a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi.Read more

30 Jun 2026

Prestige Estates Projects has reported approximately INR 65,000 crore in unrecognised revenue, reflecting robust residential sales recorded over the past three financial years under its existing revenue recognition policy. The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY2025-26, a 76% increase over the previous year, and is targeting sales bookings of INR 35,000–36,000 crore in the current financial year. Chairman Irfan Razack said the company is evaluating a shift from the completion method to the percentage-of-completion method for recognising revenue, subject to discussions with auditors. With a launch pipeline valued at around INR 58,000 crore and continued demand for housing, the developer expects stronger business performance, although project launches will remain dependent on statutory approvals.Read more

Vriti Gothi

30 Jun 2026

India’s Real Estate Investment Trust (REIT) market has grown from a single listed vehicle in 2019 to a USD 18 billion asset class managing more than INR 2.5 lakh crore in assets. Industry projections suggest the sector could expand between five and ten times over the next five years, driven by institutional capital, a growing pipeline of REIT-ready assets and the emergence of new sectors including data centres, logistics parks and retail real estate. While office assets continue to dominate listed portfolios, analysts expect the next phase of growth to be fuelled by diversification into specialised asset classes. Research by Knight Frank India, JLL, CBRE and ANAROCK indicates that India's institutional ownership levels remain significantly below global benchmarks, leaving substantial room for further expansion as capital markets deepen and new investment vehicles enter the market.Read more

30 Jun 2026

Maharashtra has launched an INR 15 crore AI-driven initiative to digitally map and study prehistoric petroglyphs across 107 villages in Ratnagiri and Sindhudurg. The four-year project, led by IITM Pravartak, will use drone surveys and advanced imaging to prepare a scientific dossier supporting the state's UNESCO World Heritage nomination. Dating between 20,000 BC and 10,000 BC, the rock carvings span nearly 150 sq km, making them among India's oldest known examples of prehistoric art.Read more

30 Jun 2026

Oberoi Realty has entered the Delhi-NCR residential market with the launch of its first luxury housing project, 'Three Sixty North', on Golf Course Extension Road in Gurugram. The two-phase development has a total revenue potential of INR 16,000 crore and will require an investment of around INR 6,000 crore. The first phase comprises 832 apartments across six towers, with prices starting at INR 19 crore. The Mumbai-based developer said the project marks a significant step in expanding its presence beyond its stronghold in the Mumbai Metropolitan Region.Read more

30 Jun 2026

Australian construction contractor FDC Group has filed for an initial public offering (IPO) to raise AUD 400 million, valuing the company at around AUD 969 million (USD 667.64 million). The IPO includes the sale of 133.6 million shares, representing 41% of the company's issued share capital, at an offer price of AUD 3.00 per share. FDC plans to list on the Australian Securities Exchange (ASX) in early July, subject to regulatory approval. The company has also projected strong revenue growth for 2027, supported by its expanding project pipeline across Australia.Read more

30 Jun 2026

Heavy rainfall has damaged transport infrastructure across Assam and Arunachal Pradesh, with a railway bridge collapsing in Assam's Dhemaji district and landslides disrupting road connectivity in Arunachal Pradesh. Flooding has affected thousands of residents, while rail services on the affected route remain suspended. Restoration teams and disaster response agencies have been deployed to repair damaged infrastructure and assist affected communities. The India Meteorological Department has forecast more heavy rainfall across parts of the Northeast.Read more

30 Jun 2026

ITC Hotels Ltd has signed a management agreement with Shyam Group Hotel and Resort to operate a 101-key Welcomhotel in the Karai area of Gandhinagar, strengthening its presence in Gujarat's hospitality market. Set across a nine-acre site, the hotel will feature guestrooms, multiple dining outlets, banquet facilities and landscaped event lawns, targeting business travellers, weddings, social events and the MICE segment. Strategically located between Gandhinagar and Ahmedabad, with connectivity to Ahmedabad Airport and GIFT City, the property forms part of ITC Hotels' expansion strategy in high-growth markets. The hotel is expected to commence operations later this year.Read more

30 Jun 2026

Puravankara Ltd has approved the sale of its entire 100% shareholding in its wholly owned subsidiary, Purva Ruby Properties Private Limited, for INR 145 crore. The buyer is Prishal Office Parks III Private Limited, an entity backed by an alternative investment fund managed by ICICI Prudential Asset Management Company Limited. The transaction is not a related-party deal and is expected to be completed within 45 days, after which Purva Ruby Properties will cease to be a subsidiary of Puravankara. The move comes as the developer continues to streamline its business while expanding its real estate portfolio.Read more

30 Jun 2026

Swedish real estate company Dios has signed a new lease agreement with the County Administrative Board of Norrbotten County to modernize premises at Stationsgatan in Lulea. The agreement adds to the company's recent leasing activity across northern Sweden, where it has continued to secure long-term tenants and upgrade commercial properties. The project reflects Dios' ongoing focus on improving office spaces to meet tenant requirements while strengthening its presence in key regional cities, including Luleå, which remains an important market in its property portfolio.Read more

30 Jun 2026

The West Bengal government has launched a comprehensive safety audit of sanctioned high-rise residential and commercial projects in and around Kolkata following the collapse of an under-construction warehouse that claimed 11 lives earlier this week. A committee comprising officials from multiple government agencies, along with experts from RITES and IIT Kharagpur, will scrutinise approved building plans, structural integrity and fire safety compliance before suspended projects are permitted to resume. The exercise will also extend to waterbodies, construction site maintenance and public safety measures. Commercial projects currently under construction will remain suspended until they receive clearance through the audit process, with the government stating that development would continue only after compliance with prescribed safety standards.Read more

Vriti Gothi

30 Jun 2026

Buildings account for nearly 37% of global energy- and process-related carbon emissions, placing the real estate sector at the centre of climate and resource-efficiency discussions worldwide. In India, sustainability is increasingly influencing how projects are designed, constructed and operated, with developers adopting measures ranging from energy-efficient systems and water conservation technologies to low-carbon materials and renewable energy solutions. Sustainable real estate is no longer limited to obtaining green certifications; it is becoming a broader approach to reducing environmental impact, improving operational efficiency and enhancing occupant well-being. Understanding its scope is essential as sustainability becomes an increasingly important consideration across the property sector.Read more