28 minutes ago

India's aviation sector is facing delays in aircraft deliveries due to global supply chain disruptions, with around 1,700 planes on order likely to take up to 15 years to be delivered. The government is addressing this through faster imports and a push for domestic manufacturing under national initiatives. Plans include joint ventures with global players and expansion of airport infrastructure. Demand for air travel continues to rise, increasing the need for pilots and connectivity. At the same time, new routes, airport upgrades, and future infrastructure targets reflect long-term growth plans for the aviation sector.Read more

58 minutes ago

The Delhi Development Authority received strong initial demand for its latest housing scheme, with over 700 flats booked within two days, mainly in Narela. The response was driven by relatively lower prices, ready-to-move-in units, and trust in government-backed housing. The scheme continues to attract first-time buyers and budget-focused families. However, connectivity and distance from central Delhi remain key concerns. The trend also reflects DDA's ongoing efforts to clear inventory and improve housing uptake across emerging residential areas.Read more

Mumbai News Desk

1 hour ago

The Bombay High Court has ruled that properties attached under the Prevention of Money Laundering Act (PMLA) cannot be claimed by banks as secured assets, establishing that anti-money laundering provisions take precedence over recovery laws such as SARFAESI and the RDB Act. The decision arose from a dispute involving banks seeking to enforce security interests on properties already attached by the Enforcement Directorate (ED) in connection with alleged proceeds of crime. The court set aside an earlier tribunal order that had favoured the banks, holding that the state's right to confiscate tainted assets overrides creditor claims. The ruling clarifies the legal hierarchy governing such disputes and has implications for lenders dealing with stressed assets linked to criminal investigations.Read more

1 hour ago

The Jammu and Kashmir government has completed over 31,000 houses under Pradhan Mantri Awas Yojana-Urban out of 39,153 sanctioned units. Around 7,980 houses are still under construction and are targeted for completion by September 2026. Delays have mainly been due to beneficiaries financial limitations, rising construction costs, and other personal constraints. Under PMAY-U 2.0, more than 21,000 applications have been received, with over 2,000 houses already approved. The government has also introduced an interest-free loan of INR 2 lakh to help beneficiaries complete construction.Read more

2 hours ago

Property Share Investment Trust has announced the launch of an initial public offering (IPO) for PropShare Celestia, valued at INR 244.65 crore, with subscriptions opening in the coming days. The issue, priced between INR 10 lakh and INR 10.50 lakh per unit, will fund the acquisition of seven floors in a Grade A+ commercial building in Ahmedabad. The asset, located in Nehru Nagar, spans over 2 lakh sq ft and is fully leased to a mix of managed office operators and a multinational tenant. The offering represents the trust's third SM REIT product, reflecting the gradual expansion of fractional institutional ownership structures in India's commercial real estate market.Read more

2 hours ago

Bharat Heavy Electricals Limited (BHEL) has secured a contract worth INR 13,500 crore from NTPC Limited for the main plant package of the 2,400 MW Telangana Stage-II thermal power project. The order, confirmed through a notification of award received in recent days, covers three units of 800 MW each. BHEL had emerged as the successful bidder for the project in late 2024. The scope includes design, engineering, manufacturing, supply, erection and commissioning of the plant, along with associated civil and structural works. The contract reflects continued public sector investment in large-scale power infrastructure to support growing energy demand.Read more

3 hours ago

IndiQube Spaces Ltd has leased over 48,000 sq ft of managed office space in Bengaluru to a healthcare technology firm for establishing a global capability centre (GCC), with the transaction valued at around INR 75 crore over five years. The deal reflects continued demand from multinational occupiers for flexible and managed workspaces in key IT markets. IndiQube, which operates across 17 cities with a portfolio exceeding 9.5 million sq ft, provides co-working and managed office solutions to corporate clients. The transaction highlights the role of flexible workspace operators in facilitating large-format office requirements for GCCs in India's commercial real estate sector.Read more

Mumbai News Desk

3 hours ago

Two directors of Mumbai-based Ajanta Airawat Infrastructure LLP have been arrested by the Economic Offences Wing (EOW) for allegedly defrauding a non-resident Indian (NRI) investor of around INR 10.5 crore. The case relates to investments made over several years in a real estate project in Bhandup, Mumbai, where the complainant had initially invested INR 1.5 crore and later extended a loan of INR 6 crore. A subsequent settlement agreement promising repayment with interest or allocation of flats was not honoured. The accused have been remanded to judicial custody. The case highlights recurring risks in informal real estate financing arrangements and disputes linked to project-level obligations and investor protection.Read more

4 hours ago

Skanska AB has secured a contract to build a new high school in Issaquah, Washington, with a project value of around USD 99 million (approximately SEK 900 million). The development reflects continued investment in educational infrastructure in the United States, particularly in growing suburban regions. Skanska has been actively expanding its footprint in the U.S. construction market, with several recent projects across public infrastructure and institutional segments. The latest contract adds to its portfolio of education-focused developments in North America.Read more

4 hours ago

Haveus Aerotech has signed an MoU with the Karnataka government to set up an ATR aircraft maintenance, repair and overhaul (MRO) facility with an investment of INR 450 crore. The project will be developed over five years and is expected to create around 100 jobs. The facility will handle key aircraft components such as radomes, nacelles, landing gear and auxiliary power units. The state government will support approvals and incentives. The move comes as India continues efforts to strengthen domestic MRO capacity and reduce dependence on overseas maintenance services.Read more

5 hours ago

MMRDA has achieved top rankings in Maharashtra's governance programs, highlighting its commitment to efficiency, transparency, and citizen-focused services. The authority was awarded first place in the 150 days Sevakarmi Plus Program and ranked fourth in the E-Governance Reform Program, with evaluations based on personnel development, service rule compliance, and innovative digital governance. The commendations were presented by Chief Minister Devendra Fadnavis to Dr. Sanjay Mukherjee. This recognition underscores the team's dedication, innovation, and leadership in shaping a more digitally connected and efficient Mumbai Metropolitan Region.Read more

5 hours ago

The Atal Setu, India's longest sea bridge, has surpassed 20 million vehicle crossings since its opening in January 2024. Serving as a key link between Sewri in South Mumbai and Chirle in Navi Mumbai, the bridge has reduced travel time from nearly an hour to under 20 minutes. Private cars make up over 91% of total traffic, with buses, trucks, and commercial vehicles also contributing significantly. Beyond easing commutes, Atal Setu has boosted commerce, cut fuel costs, and become a vital infrastructure lifeline for the Mumbai Metropolitan Region, demonstrating the impact of modern connectivity.Read more

6 hours ago

Genova Property Group AB has entered into a joint venture with Urban Partners for a part of its Viby urban development project in Upplands-Bro. The transaction is based on an underlying property value of SEK 365 million. The move is expected to strengthen Genova's liquidity by SEK 100 million and reduce liabilities by SEK 175 million. The deal also includes an option for Urban Partners to acquire 50 percent of the remaining two stages of the project, indicating potential further collaboration.Read more

Mumbai News Desk

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) has launched a pilot to apply cool roof coating on selected municipal buildings in the G/South ward to reduce indoor heat as the city faces rising temperatures. The reflective Solar Reflective Paint contains additives like titanium dioxide that bounce sunlight off roofs, lowering heat absorption. The project targets buildings including schools and staff quarters, with initial results guiding potential citywide expansion. Similar technologies have been used in industrial structures and other Indian cities to effectively reduce rooftop temperatures.Read more

7 hours ago

Rentomojo has filed draft papers with SEBI to raise INR 150 crore through a fresh issue, along with an offer for sale by existing investors. The company plans to use the proceeds mainly for debt repayment, warehouse-related expenses, and general corporate needs. It operates in 22 cities with a large subscriber base and holds a strong share in the organised rental market. The IPO also allows early investors to partially exit. The company has shown steady revenue growth and improved profitability ahead of its planned listing.Read more

Mumbai News Desk

7 hours ago

Mumbai's underground Aqua Line metro, spanning 33.5 km and 27 stations from Aarey JVLR to Cuffe Parade, built at an estimated INR 37,000 crore, is showing signs of wear within months of phased openings in late 2024 and late 2025. Commuters report cracked tiles, detached marble panels, leaks, damp walls, plumbing failures, malfunctioning elevators, and unsafe staircases. Several stations also have accessibility challenges and foul odours, raising concerns over construction quality, waterproofing, and long-term maintenance. Rider discomfort and safety risks are adding to questions about durability and operational standards.Read more

8 hours ago

Lodha Developers Ltd has raised INR 500 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company allotted 50,000 debentures with a face value of INR 1 lakh each, carrying an annual interest rate of 8.52%, payable semi-annually. The fundraise reflects continued reliance on structured debt instruments by real estate developers to support project financing and expansion. Lodha Developers has an established presence in the Mumbai Metropolitan Region, Pune and Bengaluru, and has also entered the Delhi-NCR market through recent land acquisitions for residential development.Read more

8 hours ago

China's top state-owned banks recorded largely flat profit growth over the past year as the ongoing property crisis continued to impact lending and credit demand. Weak housing sales, falling prices, and financially stressed developers have slowed loan growth and affected bank earnings. While net interest margins remained stable, overall performance stayed subdued across major lenders. Some support is expected from deposit repricing and policy measures, but risks remain due to global uncertainty and weak real estate activity. The banking sector continues to adjust to reduced dependence on property-driven growth.Read more

9 hours ago

The government has introduced a pilot to transfer compensation for highway land acquisition through Aadhaar linked biometric authentication, aiming to make payments direct, instant, and secure. This mechanism ensures landowners receive funds in their bank accounts after completing OTP and biometric verification, reducing chances of misdirection or delays. The pilot is underway in Bihar, Uttar Pradesh, Madhya Pradesh, Rajasthan, and Karnataka. In the current financial year, approximately INR 19,800 crore has been disbursed for acquiring 10,100 hectares of land. Earlier, payments were via cheques but later shifted to direct bank transfers.Read more

9 hours ago

Titagarh Rail Systems has received a Letter of Intent (LoI) from JSW Port Logistics Private Limited for a contract valued at INR 226.35 crore to manufacture and supply 720 wagons. The order, excluding GST, is expected to be executed within six months from commencement, subject to final agreement and purchase order. The contract has been awarded by a domestic entity and does not involve related-party transactions. The development adds to the company's order book and reflects ongoing demand for freight rolling stock driven by port-led logistics and industrial activity. The contract also indicates increasing private sector participation in rail-based cargo infrastructure.Read more

Pune News Desk

10 hours ago

The Pune Municipal Corporation (PMC) has introduced a new policy mandating developers to link building permissions with land acquisition for road widening, aimed at addressing persistent infrastructure bottlenecks. Under the rule, developers must submit proposals to surrender affected land within 15 days of applying for approvals and physically hand it over before construction reaches the plinth level. The move comes as Pune's road network remains underdeveloped, with only about 9% of land allocated to roads against a recommended 15%. With traffic concentrated on a limited network of arterial roads, the civic body is seeking to streamline land acquisition and reduce litigation. The policy is expected to play a key role in supporting planned road expansion and improving urban mobility.Read more

Bangalore News Desk

10 hours ago

Property tax collections in Bengaluru have recorded a significant shortfall of around INR 2,652 crore against a target of INR 6,700 crore for the current financial year, with total realisation standing at approximately INR 4,047.7 crore. The gap persists despite stepped-up enforcement actions, including property attachments and auction proceedings. The shortfall reflects ongoing compliance challenges across the city's tax base of over 21 lakh properties. While some zones such as South and East Bengaluru have performed relatively better, others, particularly North Bengaluru, continue to lag. The newly formed Greater Bengaluru Authority (GBA) and its five corporations are expected to take direct responsibility for revenue mobilisation going forward, highlighting the critical role of property tax in sustaining urban infrastructure and municipal finances.Read more

11 hours ago

The Karnataka government has announced plans to promulgate an ordinance to introduce the Karnataka Apartment Ownership and Management Act, 2025 (KAOMA), aimed at strengthening the legal framework governing apartment ownership and management. The move, discussed in the state assembly, is positioned to address long-pending demands from apartment residents and housing associations while supporting a shift towards vertical urban development in Bengaluru. The proposed law is expected to improve transparency, accountability, and governance across apartment complexes, benefiting a large base of residents. The ordinance will be issued after consultations with legislators and stakeholders, and forms part of a broader policy response to land constraints, increasing apartment density, and evolving urban housing patterns in the state.Read more

11 hours ago

Authorities in Prayagraj are planning to construct more than 1,000 affordable housing units under the Pradhan Mantri Awas Yojana (PMAY) Phase II, led by the Prayagraj Development Authority (PDA). The project is currently in the land identification stage, with multiple sites shortlisted across the city, including Dhobighat, Peepal Gaon, Khuldabad and Civil Lines. Nearly 1,000 beneficiaries have already registered through the District Urban Development Agency (DUDA) and are expected to be prioritised during allotment. The initiative is aimed at providing formal housing to economically weaker sections, addressing urban housing shortages, and improving living conditions. The project also reflects ongoing efforts to align land availability with affordable housing delivery in growing urban centres.Read more

12 hours ago

The U.S. Department of Labor has issued draft rules to clarify how trustees may include alternative assets such as private equity, real estate funds and cryptocurrencies within 401(k) retirement plans. The proposal, following a policy directive by Donald Trump in the past year, aims to ease restrictions that have historically limited exposure to less liquid investments in retirement portfolios. The move could unlock a substantial new capital source for private asset managers, including Blackstone Inc and Apollo Global Management. While markets reacted positively, financial advisers have raised concerns around liquidity risks, valuation transparency, and suitability within retirement accounts requiring periodic withdrawals.Read more

12 hours ago

Kanpur has achieved a significant development milestone, completing more than 252 projects since 2017 across sectors including housing, sanitation, healthcare, education, and social welfare, with a total investment of around INR 1,503.89 crore. Key initiatives such as the Kanpur Metro, Ring Road expansion, Smart City developments, and power projects have progressed alongside civic improvements. The city has also strengthened public safety, enhanced connectivity, and supported farmers through central schemes, demonstrating sustained infrastructure growth and social development under coordinated efforts by government officials and local authorities.Read more

13 hours ago

National Bank for Agriculture and Rural Development has released its State Focus Paper (SFP) for Arunachal Pradesh for 2026-27, projecting a total priority-sector credit potential of INR 3,723.49 crore. The document outlines sector-wise estimates covering agriculture, MSMEs, and other segments including housing and infrastructure. Of the total, INR 1,071.17 crore has been earmarked for agriculture and allied activities, while MSMEs account for INR 2,519.42 crore. The remaining INR 132.90 crore is allocated to sectors such as housing, renewable energy and social infrastructure. The report highlights the need for coordinated investment and financial inclusion to support balanced regional growth and improved access to credit in the state.Read more

14 hours 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

15 hours 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