Delhi News Desk

27 minutes ago

The Delhi government has approved a INR 626.8 crore road strengthening and repair programme to be executed by the Public Works Department (PWD) across major corridors in east, south, and north Delhi. Announced in the past week, the initiative targets heavily used arterial and feeder roads, with funds distributed region-wise to address traffic load and deteriorating road conditions. Key stretches identified for upgrades include West End Marg, Mandi Road, and Barapullah Elevated Road. The works will involve resurfacing, structural strengthening, and maintenance interventions aimed at improving ride quality and extending road life. Bids for the projects have already been invited, indicating the start of implementation in the new financial year.Read more

Gurugram News Desk

57 minutes ago

The Municipal Corporation of Gurugram (MCG) has enforced stricter recovery measures for pending civic dues, introducing an 18% annual interest on unpaid property tax and additional surcharges on overdue water bills from the start of the new financial year. Residents were required to clear outstanding payments by the end of the previous financial cycle to avoid penalties. The move forms part of the civic body's broader strategy to strengthen revenue collection, with a property tax target of INR 325 crore for the current fiscal, marking an 18% increase over the previous year's projections. Authorities have also expanded enforcement and digital tracking measures, including artificial intelligence-led identification of defaulters.Read more

1 hour ago

The development of a modern astronomy and science education centre in Amaravati has moved forward with the signing of a land lease agreement between the Andhra Pradesh Capital Region Development Authority and the Indian Institute of Astrophysics. The project, named COSMOS-2, will be developed on 5 acres in Anantavaram and will include a planetarium, research labs, and public science exhibits. The initiative builds on a previously signed MoU and aims to strengthen scientific learning, research opportunities, and educational infrastructure in the state, positioning Amaravati as an emerging hub for space and astrophysics studies.Read more

2 hours ago

The Jaipur Municipal Corporation (JMC) initiated enforcement action against prominent hotel properties over unpaid urban development (UD) tax, leading to swift compliance from operators. Properties linked to Hotel Marriott near Jawahar Circle and Hotel Ramada in Raja Park were sealed due to outstanding dues of approximately INR 5 crore and INR 1 crore, respectively. The liabilities had remained unpaid since 2007 despite repeated notices. Within hours of the sealing action, both hotel managements cleared their dues, resulting in the reopening of the affected premises. The move forms part of a broader municipal drive to strengthen tax recovery and ensure compliance among commercial establishments across Jaipur.Read more

3 hours ago

Avenue Supermarts Limited has opened a DMart store at Omaxe Connaught Place in Beta II, Greater Noida, expanding its presence in the National Capital Region with its largest outlet in the region. The store spans over 50,000 sq ft on a single floor and marks DMart's first entry into Greater Noida. The development, which has a total retail footprint of around 12 lakh sq ft, gains a daily-needs anchor aimed at increasing regular footfall. The addition aligns with rising demand for organised retail in emerging urban clusters, supported by residential growth and improving connectivity. It also reflects the relatively low penetration of organised retail in India, estimated at under 15%.Read more

4 hours ago

The Brihanmumbai Municipal Corporation (BMC) is planning to impose parking restrictions in narrow lanes across Mumbai to address obstruction faced by emergency services. The move, under consideration in the past week, targets densely populated localities such as Kalbadevi, Girgaon, and Byculla, where illegal and haphazard parking has been delaying fire engines and ambulances. Authorities are evaluating measures including odd-even parking and no-parking zones in highly congested stretches. Industry stakeholders have highlighted that the issue reflects a broader infrastructure gap, calling for integration of structured and technology-driven parking solutions in urban planning. The development comes amid increasing vehicle ownership and limited availability of organised parking infrastructure in older parts of the city.Read more

Mumbai News Desk

5 hours ago

Mumbai's civic body reported its highest-ever property tax collection for FY 2025-26, reaching INR 7,610.9 crore and surpassing its revised target. Andheri East's K-East ward emerged as the top contributor, followed by key commercial and residential hubs like Lower Parel and Andheri West. Western suburbs continued to dominate collections, while a strong push in enforcement, digital payments, and recovery drives supported the overall performance. A significant share also came from penalties and last-day payments, showing improved compliance but also dependence on delayed settlements.Read more

6 hours ago

NAREDCO Maharashtra NextGen will host Excelerate 2026, a one-day international conclave in Mumbai aimed at examining investment, financing and capital trends in India's real estate sector. Scheduled to be held at Trident Hotel, the event will bring together developers, institutional investors, policymakers and financial institutions. The conclave comes amid rising investor participation, with institutional inflows increasing significantly in recent years and foreign capital accounting for a growing share. Discussions will focus on private equity, family offices, REITs and emerging asset classes, reflecting the sector's evolving capital structure and the increasing role of organised funding channels in supporting real estate development.Read more

8 hours ago

The Union government has approved a INR 438.29 crore project to redevelop Berth No. 9 at New Mangalore Port in Karnataka, aimed at enhancing liquid bulk cargo handling capacity. Cleared in the past week, the project will be implemented under a public-private partnership (PPP) model with a 30-year concession period, including a two-year construction phase. The upgrade will increase capacity to 10.9 million tonnes per annum (MTPA) and allow handling of large vessels, including Very Large Gas Carriers. The redevelopment involves dismantling ageing infrastructure and introducing mechanised systems and modern safety features. The initiative is part of broader efforts to strengthen maritime logistics, improve energy cargo handling, and enhance port efficiency along India's western coast.Read more

9 hours ago

The Belagavi City Corporation has increased property tax rates for the current financial year, with a 3% rise for residential properties and 4% for commercial, industrial units and vacant plots. The move is expected to generate an additional INR 2-3 crore, taking total collections beyond INR 100 crore. A 5% rebate continues for early payments to encourage timely compliance. The revision comes amid ongoing issues such as unassessed properties, tax leakages estimated at INR 8-10 crore, and pending dues, highlighting the need for better enforcement and improved assessment systems.Read more

10 hours ago

The Prime Minister's Office (PMO) has raised concerns over deficiencies in dust control and waste management measures in Delhi, directing civic and infrastructure agencies to address gaps or face action. The issue was reviewed at a high-level meeting of the Implementation Committee for Control of Air Pollution, where shortcomings in road dust management, construction waste removal, and grievance redressal systems were highlighted. Agencies including the Municipal Corporation of Delhi (MCD) and Delhi Metro Rail Corporation (DMRC) were instructed to strengthen enforcement and submit action taken reports. The review also flagged operational constraints such as limited mechanised sweeping and inefficiencies in complaint handling systems, indicating increased oversight of urban environmental compliance.Read more

11 hours ago

IRB Infrastructure Trust has begun toll collection on the 74.5 km Chandikhole Bhadrak stretch of NH-16 in Odisha after completing project formalities. The asset was secured under the toll-operate-transfer (TOT-18) model with an upfront concession payment of INR 3,087 crore to the National Highways Authority of India. The project comes with a 20-year concession period and is part of the Golden Quadrilateral corridor. It is expected to support steady toll income and strengthen the trust's presence in eastern India while adding to its long-term revenue pipeline.Read more

Ahmedabad News Desk

12 hours ago

The Ahmedabad Urban Development Authority (AUDA) is preparing to release its draft Development Plan 2041, marking a shift from the conventional 10-year planning cycle to a 20-year framework. The plan is expected to expand the authority's jurisdiction across parts of Ahmedabad, Gandhinagar, and Mehsana, while integrating infrastructure, land use, and environmental strategies. It is being positioned in the context of Ahmedabad's bid to host the 2036 Olympic Games and the 2030 Commonwealth Games. The draft is likely to include provisions for industrial relocation, revised zoning regulations, and new greenfield development areas. Authorities are also aligning the plan with regional economic corridors and long-term urban infrastructure requirements.Read more

04 Apr 2026

The Amaravati Growth & Infrastructure Corporation Limited (AGICL) reviewed the progress of key projects at the Amaravati Government Complex, including the High Court building and housing towers for non-gazetted officers. Managing Director SVR Srinivas assessed construction status and held discussions with contractors and engineering teams, stressing adherence to quality and timelines. The NGO housing project includes 21 towers with nearly 2,000 residential units, while the High Court is being built across a large area with multiple floors. The review highlights the state's continued push to develop core administrative infrastructure in Amaravati.Read more

Indore News Desk

04 Apr 2026

Property rates in Indore have been revised under new collector guideline values for the financial year commencing recently, with increases implemented across 2,624 of the district's 4,590 surveyed locations. The revision translates to an average rise of around 26%, with significant adjustments in key urban and peri-urban corridors such as Vijay Nagar, Dewas Naka, and the Super Corridor. The updated rates are aimed at aligning government-notified values with prevailing market prices and supporting land acquisition in infrastructure-linked areas. Despite a rise in stamp duty revenue to approximately INR 2,716 crore in the previous financial year, property registrations declined marginally, indicating a divergence between value growth and transaction volumes.Read more

04 Apr 2026

The National Highways Authority of India (NHAI) has exceeded its highway construction target for FY26 by completing 5,313 km, about 15 per cent higher than planned. The pace remained slightly lower than last year due to more complex projects. The authority recorded capital expenditure of over INR 2,44,000 crore, going beyond budgetary support and relying partly on internal resources. It also raised over INR 28,000 crore through asset monetisation, reflecting a continued focus on funding diversification alongside steady infrastructure expansion.Read more

04 Apr 2026

Prime Minister Narendra Modi inaugurated a semiconductor facility in Sanand, Gujarat, and launched infrastructure projects worth over INR 20,000 crore across the state. The chip plant, developed by Kaynes Technology with an investment of about INR 3,300 crore, is expected to support India's semiconductor ambitions and reduce import dependence. Key projects include the Ahmedabad-Dholera Expressway and multiple initiatives across transport, energy, and urban sectors. The developments reflect the government's continued focus on building a domestic semiconductor ecosystem and strengthening industrial infrastructure in key growth regions.Read more

04 Apr 2026

Indian Railways is planning to revise its parcel leasing policy to improve flexibility and attract more participation from logistics players. The changes include extending contract durations, easing penalty rules for overloading, and reducing security deposit requirements. These steps build on earlier reforms where entry barriers like turnover criteria were removed. The revised framework is expected to provide better business stability, improve parcel space utilisation, and support steady growth in rail-based cargo movement. The focus remains on making parcel operations more practical and aligned with market needs.Read more

04 Apr 2026

77Pillar has expanded its real estate technology platform to Dholera, Gujarat, marking its entry into a greenfield smart city within the Delhi-Mumbai Industrial Corridor (DMIC). The company, which operates across more than 15 cities including Delhi NCR, Gurugram, Noida, Jaipur, and Ahmedabad, aims to strengthen its presence in emerging investment destinations alongside established urban markets. Dholera is witnessing growing interest from developers, investors, and businesses due to planned infrastructure, large land availability, and government-backed initiatives. Through this expansion, 77Pillar intends to facilitate project visibility, enable access to commercial and land opportunities, and connect stakeholders to a broader buyer and investor base.Read more

04 Apr 2026

Alstone has announced its association with Punjab Kings as the official cladding partner for the 2026 season of the Indian Premier League. The collaboration marks the company's continued engagement with cricket as a platform for brand visibility and stakeholder outreach. Through integrated marketing campaigns, on-ground activations, and digital initiatives, Alstone aims to strengthen engagement with channel partners and consumers across India. The partnership comes as the brand seeks to reinforce its position in the premium cladding segment while leveraging the wide reach and audience engagement associated with franchise cricket.Read more

Mumbai News Desk

04 Apr 2026

The Bombay High Court has directed a builder to deposit around INR 41 lakh towards the cost of demolishing unauthorised portions in two buildings in Nagpur. The order followed a detailed estimate submitted by civic authorities, highlighting violations of approved plans and potential safety risks. The matter stems from a long-pending public interest litigation. A significant part of the demolition has already been carried out. The court has made it clear that the financial burden of such actions will not fall on public authorities and will be borne by the developer.Read more

04 Apr 2026

ITC Hotels Limited has launched Storii Jawai, a 15-key boutique retreat in Rajasthan, marking the 11th property under its Storii brand. Located in the Jawai region, known for its leopard habitat, granite landscapes, and river ecosystem, the project focuses on nature-led and experiential tourism. Developed in partnership with 1st Gate Luxe Pvt. Ltd., the property integrates safari-style accommodation with low-impact design elements such as tented villas, private courtyards, and preserved green zones. The development aligns with the growing demand for boutique and eco-sensitive hospitality formats in emerging leisure destinations. It also reflects increasing investor interest in experiential tourism assets that combine wildlife, culture, and premium accommodation.Read more

04 Apr 2026

Golden Growth Fund has acquired a land parcel in Gulmohar Park, South Delhi, for development of an ultra-luxury residential project with an estimated revenue potential of around INR 100 crore. The project will comprise four independent floors across a built-up area of nearly 20,000 sq ft on a 500 sq yd plot. This marks the fund's third acquisition in South Delhi since its launch in late 2024, following projects in Anand Niketan and Neeti Bagh. The development will be executed by Grovy India Ltd. The move reflects continued investor interest in redevelopment-led housing within Category A and B colonies, supported by rising prices and strong end-user demand.Read more

04 Apr 2026

Danube Properties has launched Greenz, a master-planned residential community in Dubai International Academic City, marking its entry into large-scale integrated developments. The project will feature villas and townhouses, with completion expected in 36-40 months and handover targeted by the end of 2029. Located near Dubai Silicon Oasis, the site lies within a high-growth corridor supported by planned infrastructure such as the District IO technology hub and the upcoming Blue Line Metro. The development will offer over 50 amenities and a mix of three- to five-bedroom configurations. With prices starting from AED 3.5 million, the project is positioned to attract both end-users and investors in Dubai's expanding suburban residential market.Read more

04 Apr 2026

Construction activity across the Amaravati Government Complex is moving ahead, with senior officials closely monitoring progress and quality. The Managing Director of Amaravati Growth and Infrastructure Corporation Limited reviewed ongoing work at HOD Tower-4, residential bungalows for ministers and secretaries, and the Quantum Computing Center. The review focused on construction timelines, adherence to quality standards, and material usage. Officials and contractors were directed to meet set targets without compromising on execution standards. The developments are part of the broader effort to strengthen administrative and technology infrastructure in the capital region.Read more

04 Apr 2026

The National Council for Cement and Building Materials (NCB) has entered into a memorandum of understanding with Delhi Technological University (DTU) to enhance research collaboration and skill development in India's cement and construction sector. The agreement, signed in New Delhi in the past week, focuses on joint research in cement and concrete technologies, training programmes for students and professionals, and knowledge exchange between academia and industry. The partnership aims to improve technical capabilities, promote best practices, and support capacity building across the construction ecosystem. It is also aligned with the sector's increasing focus on sustainable and resilient infrastructure, as demand grows for advanced materials and construction technologies.Read more

04 Apr 2026

India's luxury housing market is witnessing a structural shift as Tier 2 cities emerge as key demand centres, driven by locally generated wealth and end-user aspirations rather than metropolitan spillover. According to Anarock, premium and luxury homes now form a rising share of new launches across several non-metro markets, reflecting developer confidence in sustained demand. The trend is supported by enterprise-led growth, including expansion of family-run businesses, SME clusters and startup exits. Demand is largely end-user driven, with business families, next-generation buyers and returning NRIs investing in primary residences. The shift indicates a move away from investment-led buying in metros towards consumption-led, locally anchored housing demand in emerging urban centres.Read more

04 Apr 2026

Saya Group has reported a complete sell-out of its residential project Saya Gold Avenue in Indirapuram, Ghaziabad, with the final units transacting at prices exceeding INR 15,000 per sq ft. The development comprises 1,620 units across eight towers rising up to 39 storeys, positioning it among the tallest residential projects in the city. The project includes a mix of 2BHK to 4BHK units and penthouses, along with an 80,000 sq ft clubhouse and lifestyle amenities. The sales outcome reflects sustained demand for premium housing in Ghaziabad, supported by improved connectivity, established social infrastructure and relatively competitive pricing within the National Capital Region.Read more

04 Apr 2026

Madurai's INR 100 crore road repair programme under the Tamil Nadu Urban Roads Infrastructure Project (TURIP) has reached only about 50% completion, with delays attributed to logistical constraints and the need to redo underground drainage (UGD) pipelines. The project, launched earlier this year to restore roads damaged during sewer infrastructure works, was initially scheduled for completion by mid-February. However, repeated relaying of faulty pipelines has led to re-damage of repaired stretches, extending timelines to May. Residents have also raised concerns over the quality of completed roads, citing early deterioration and potholes. The civic body has stated that repairs will continue without budget escalation and additional resurfacing will be undertaken where required.Read more

Mumbai News Desk

04 Apr 2026

Several housing societies and bakeries in Mumbai's Sakinaka area have been waiting for Piped Natural Gas (PNG) connections for over a decade, despite pipelines being installed years ago. Societies like Shiv Prabha, Shiv Prerna, Dhanlaxmi, and Anna Sagar, covering around 500 households, are still awaiting supply due to pending technical feasibility and connection issues. Local bakeries that invested INR 25,000 or more for connections are also affected. Senior citizens face difficulties managing LPG cylinders, highlighting the gap between policy initiatives promoting PNG and actual service delivery.Read more

Delhi News Desk

04 Apr 2026

Authorities in Delhi are planning a feasibility study for constructing a 900-metre road beneath an existing metro viaduct to improve traffic movement and optimise underutilised urban space. The proposal, initiated in the past week, involves coordination between the Delhi Metro Rail Corporation (DMRC), Public Works Department (PWD), and other civic agencies. The stretch is expected to enhance connectivity and decongest key corridors by formalising road infrastructure below elevated metro lines. Officials indicated that the study will assess structural safety, alignment feasibility, and integration with existing road networks. The initiative reflects a broader push to utilise land beneath metro infrastructure for transport and public use, particularly in densely built urban areas with limited land availability.Read more

04 Apr 2026

IFFCO-TOKIO General Insurance Company has introduced a Comprehensive Property All Risk Policy aimed at providing integrated risk coverage for businesses, particularly MSMEs. Announced in the past week, the policy combines multiple protections including material damage, machinery breakdown, business interruption, fidelity, money, and public liability under a single framework. The offering is designed to address gaps in traditional property insurance, which often provides fragmented coverage. With no minimum sum insured requirement, the policy caters to a wide range of users, from small enterprises to large corporates and institutional clients. The development comes amid increasing exposure of businesses to operational risks and growing investments in commercial and industrial real estate.Read more

04 Apr 2026

SOTC Travel has expanded its retail presence in Hyderabad with the launch of a new franchise outlet in Himayath Nagar, taking its total network in the city to five locations. The outlet is positioned in a key commercial and residential catchment with high consumer footfall and connectivity. The company will offer its omnichannel services through the store, including domestic and international holiday packages, group tours, cruises, and travel insurance. The expansion reflects sustained demand for organised travel services in urban markets such as Hyderabad, where consumer preferences are evolving towards experiential and customised travel, alongside continued interest in both leisure and pilgrimage segments.Read more

04 Apr 2026

V. Vijaya Ramaraju, IAS, took charge as the Commissioner of APCRDA at the Rayapudi headquarters in Amaravati. The formal ceremony included traditional rituals and the presence of senior officials like Additional Commissioner A. Bhargava Teja and Director Vallabhaneni Srinivasa Rao. After assuming office, he reviewed ongoing capital development works with department heads to assess progress and address pending tasks. His leadership is expected to strengthen administrative oversight, streamline development initiatives, and support the continued growth and infrastructure development of the Amaravati capital region.Read more

Delhi News Desk

04 Apr 2026

The New Delhi Municipal Council is working on a property tax reform that may reduce tax liability by 30% to 50%, especially for older and self-occupied properties. The proposed shift to the Unit Area Method aims to bring uniformity, reduce disputes, and simplify calculations. The plan also includes lowering the maximum tax rate and enabling self-assessment. While traders have welcomed the relief, they have raised concerns about implementation. The civic body expects better compliance to support revenue despite lower rates.Read more

04 Apr 2026

Casagrand has launched a premium villa project, Casagrand Blossoms, in Poondi, Tiruppur, introducing a low-density residential development spanning 8.4 acres. The project comprises 113 four-bedroom villas with sizes ranging from 2,543 sq ft to 2,767 sq ft, with prices starting at INR 1.59 crore. Designed with over 5.5 acres of open space, including 2.3 acres of landscaped greens, the development includes 59 lifestyle amenities and a clubhouse-led community layout. Located near AVP College, the project offers connectivity to key educational, healthcare and commercial hubs in Tiruppur. The project is registered under Tamil Nadu RERA and is scheduled for delivery within 30 months.Read more

04 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated an intensified city-wide sanitation drive as part of its preparations for the upcoming Swachh Survekshan assessment. Civic authorities have directed all departments to undertake coordinated action to improve visible cleanliness and citizen participation. Special sanitation teams will carry out a phased cleaning programme across administrative wards, covering major and internal roads, footpaths, and public infrastructure. The exercise also includes drainage cleaning, road maintenance, and removal of encroachments affecting pedestrian movement. Additionally, the civic body has emphasised timely infrastructure repairs and improved monitoring of maintenance agencies. The initiative reflects efforts to retain Navi Mumbai's standing in the super clean city category at the national level.Read more

04 Apr 2026

Mumbai's Orange Gate Marine Drive Road Tunnel has entered the main tunnelling phase, marking a major advancement in the city's underground mobility network. Using India's largest slurry shield TBM for urban roads, the first tunnel stretches 3.45 km, reaching depths of 52 metres and passing safely under major railway and metro lines. The project aims to reduce travel time between Orange Gate and Marine Drive to five minutes, integrate with the Coastal Road and Atal Setu, and ease congestion while cutting fuel use and emissions. Construction has already seen key technical milestones successfully achieved.Read more

04 Apr 2026

The Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the 2026-27 financial year, maintaining property valuation benchmarks across the state. The decision, announced by state minister Chandrashekhar Bawankule under the leadership of Chief Minister Devendra Fadnavis, comes amid global economic uncertainties and rising construction costs. RR rates directly influence stamp duty calculations and property pricing, making the move significant for both developers and homebuyers. The government's stance follows industry representations, including inputs from CREDAI, and is expected to support demand stability, maintain affordability, and prevent disruptions in transaction volumes, particularly in price-sensitive urban markets such as Mumbai and the Mumbai Metropolitan Region.Read more

04 Apr 2026

The Navi Mumbai Municipal Corporation has collected over INR 81 crore from more than 15,000 property tax defaulters under its ongoing amnesty scheme, with only a few days remaining before the deadline. The scheme, which offers a 50 per cent waiver on penalty for one-time settlement of dues, will remain open until the end of the financial year. Overall property tax collections have reached INR 755 crore so far, with over 2.14 lakh property owners making payments. The civic body has extended working hours at collection centres, including weekends and holidays, to facilitate last-minute payments and improve compliance.Read more

04 Apr 2026

ChargeZone has announced plans to deploy more than 1,000 electric vehicle (EV) supercharging stations across key national highway corridors by FY27, targeting long-distance and intercity mobility demand. The rollout will follow a dealer-owned, company-operated (DOCO) model, enabling private investors and landowners to fund infrastructure while the company manages operations. The stations will have capacities ranging from 500 kW to 1.5 MW, catering to both passenger vehicles and commercial fleets. The expansion will cover major routes such as Delhi-Mumbai, Bengaluru-Hyderabad, and Mumbai-Hyderabad, supported by a financing partnership with State Bank of India. The initiative aligns with India's broader push to strengthen EV infrastructure beyond urban centres.Read more

Delhi News Desk

04 Apr 2026

Delhi Lieutenant Governor Taranjit Singh Sandhu has directed the Municipal Corporation of Delhi (MCD) to address the continuous inflow of fresh waste at the Bhalswa landfill, while reviewing ongoing bioremediation work at the site. The intervention comes as authorities attempt to accelerate the clearance of legacy waste and flatten one of the capital's largest landfill mounds. Officials highlighted that despite progress in waste processing, thousands of tonnes of fresh waste continue to be dumped daily, affecting remediation timelines. The directive also includes adopting improved waste segregation practices, deploying advanced technologies, and strengthening fire prevention measures, reflecting a renewed focus on achieving landfill clearance targets within defined timelines.Read more

03 Apr 2026

The Airports Authority of India has introduced a case-by-case system for granting height clearances in Mumbai, especially in areas affected by aviation-related restrictions near Juhu. The move aims to unlock stalled redevelopment projects that had become financially unviable due to reduced permissible heights. A regional committee will now review individual proposals while ensuring aviation safety. The decision is expected to support redevelopment of old buildings, including MHADA and slum rehabilitation projects, where higher FSI is critical for project feasibility and execution.Read more

03 Apr 2026

Canada's major banks have a combined exposure of around CAD 880 million (USD 634.33 million) to non-prime lender goeasy, as per TD Cowen analysts. The company recently withdrew its financial forecast, reduced its dividend and reported losses linked to weaknesses in its loan book, particularly in auto and vehicle financing. Despite this, analysts believe the exposure does not pose a significant risk to banks, as their lending is directed at the company and not its borrowers. Goeasy has also secured temporary relief on loan covenants and continues to access funding through structured facilities.Read more

03 Apr 2026

Premier Energies has operationalised a 5.6 GW solar module manufacturing facility in Telangana, increasing its total module capacity to around 11.1 GW. The plant, spread over 75 acres, has begun trial production and uses advanced automation, including AI-based quality systems and zero busbar technology. The facility is expected to create about 2,000 jobs and cater to both domestic and export demand. This expansion is part of the company's larger INR 12,500 crore investment plan to build an integrated solar manufacturing ecosystem in India.Read more

03 Apr 2026

Inox Clean Energy has completed the acquisition of Vibrant Energy at an enterprise value of INR 5,000 crore, strengthening its position in India's renewable energy sector. The deal was closed within four months despite challenging global M&A conditions. Vibrant brings a diversified portfolio of 1,337 MW across multiple states and long-term power purchase agreements with leading global and domestic companies. The acquisition supports Inox Clean's strategy to expand its integrated renewable platform and move towards its target of achieving 10 GW installed independent power producer capacity by FY28.Read more

03 Apr 2026

The Centre has approved INR 81.12 crore to expand electric vehicle charging infrastructure in Rajasthan, supporting the state's push towards cleaner mobility. The plan includes setting up 591 charging stations across 262 locations in Jaipur, Ajmer, Udaipur, and Kota, along with key highways. Implemented under the Prime Minister's e-Drive scheme, the project aims to improve accessibility, enable long-distance EV travel, and strengthen the overall ecosystem. The move is also expected to reduce carbon emissions and accelerate the adoption of electric vehicles across urban and intercity routes.Read more

Noida News Desk

03 Apr 2026

Hero Realty, the real estate arm of Hero Enterprise, has acquired an 18,215 sq m land parcel in Sector MU, Greater Noida, for INR 218 crore through an auction conducted by the Greater Noida Industrial Development Authority (GNIDA). The acquisition marks the company's entry into the Greater Noida market and will be used for a residential development. The transaction value is more than double the reserve price of INR 97 crore. The site benefits from proximity to the Noida Greater Noida Expressway, FNG Expressway, and the recently inaugurated Noida International Airport at Jewar. The move aligns with the developer's ongoing expansion across the National Capital Region, where it is focusing on premium housing and plotted developments.Read more

03 Apr 2026

Real estate developers in Thane have responded positively to the Maharashtra government's decision to keep ready reckoner (RR) rates unchanged. The move is expected to support market stability at a time of global economic uncertainty linked to the West Asia crisis. Industry bodies believe stable RR rates will help maintain buyer sentiment, improve transaction activity, and allow developers to plan pricing without additional cost pressure. The government had earlier considered increasing RR rates by 12-14 per cent but decided against it, keeping in mind current economic conditions and their impact on the property market.Read more

03 Apr 2026

The Centre has released INR 1,561.53 crore to five states under Jal Jeevan Mission (JJM) 2.0 after they met reform-linked conditions and signed necessary agreements. The funds have been allocated to Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Odisha and Maharashtra to improve rural tap water supply systems. The updated mission focuses on service delivery, sustainability and accountability, with funding now linked to performance. This comes after the scheme was restructured recently, with a higher financial outlay and a target to provide functional tap water connections to all rural households by 2028Read more