20 minutes ago

IndiGo is set to increase its domestic operations to nearly 2,000 daily flights during the summer schedule, expanding capacity as travel demand rises across India. The airline, which currently operates over 1,850 daily flights, is adding new routes and boosting frequencies after resolving earlier operational constraints. Network expansion includes new destinations like Bhavnagar and Jamnagar, along with increased connectivity from key hubs and upcoming airports such as Navi Mumbai and Noida International Airport. Alongside domestic growth, IndiGo is also expanding internationally with new routes and aircraft, while continuing to manage challenges like airspace restrictions, airport congestion and rising operational costs.Read more

1 hour ago

India Infrastructure Finance Company Ltd plans to increase its investment in Infrastructure Investment Trusts (InvITs) to INR 6,000 crore by FY27, doubling its current exposure of around INR 3,000 crore across nine InvITs. The move supports its strategy to diversify infrastructure financing and expand into market-linked instruments. InvITs are gaining traction as a stable investment option for operational assets in sectors like transport, urban infrastructure and clean energy. Backed by strong financial performance, healthy asset quality and a robust project pipeline, the institution aims to strengthen its role in India's infrastructure growth while balancing risk, returns and sector exposure through a diversified portfolio.Read more

2 hours ago

The Lucknow Development Authority has started a city-wide door-to-door verification drive to update records of residential and commercial properties under its schemes. The initiative aims to fix outdated or missing documentation, reduce fraud and improve property record management. Survey teams will collect ownership details, ID proofs and contact information to align official data with actual occupancy. This move supports the digitisation of property records, making processes like ownership verification, transfers and grievance handling more efficient. The exercise also reflects a broader push to improve transparency, strengthen governance and minimise disputes in Lucknow's real estate market.Read more

3 hours ago

The Maharashtra State Contractors' Association has warned the state government of a potential halt in infrastructure works from April 7 if pending dues exceeding INR 96,000 crore are not cleared. The dues span multiple departments, including public works, water supply, rural development and urban infrastructure. The association stated that despite partial payments of around INR 20,000 crore in the previous year, fresh bills have pushed arrears back to high levels, impacting nearly three lakh contractors. The development comes amid reported fiscal pressures on the state government due to increased welfare spending and borrowing, raising concerns over project execution and liquidity across the construction ecosystem.Read more

4 hours ago

HBL Engineering Limited has secured an INR 800.36 crore contract from Banaras Locomotive Works to supply, install and commission onboard Kavach 4.0 systems for Indian Railways. The indigenous automatic train protection technology is designed to improve rail safety by preventing overspeeding, signal violations and collisions. The project will be executed over 12 months and forms part of Indian Railways broader push to upgrade safety infrastructure across its network. This order strengthens HBL's growing presence in railway safety systems, driven by rising demand for Kavach deployment as the sector focuses on modernisation, automation and improved operational reliability.Read more

4 hours ago

The Jammu and Kashmir administration has begun reviving the historic Mohra Hydroelectric Power Project in Baramulla to boost local power generation and reduce dependence on external supply. Originally commissioned in 1905, the project once generated up to 10.5 MW before becoming defunct after flood damage in 1992. The restoration will include infrastructure upgrades while preserving key heritage features. This initiative aligns with the region's broader plan to expand hydropower capacity to 11,000 MW by 2035. Alongside major projects, the revival of Mohra highlights efforts to utilise existing assets, improve energy reliability and support long-term infrastructure development in the Union Territory.Read more

5 hours ago

Navi Mumbai Municipal Corporation has recorded its highest-ever annual water tax collection of INR 112 crore in FY26, reflecting improved revenue mobilisation and citizen compliance. The achievement, covering the period from April 2025 to March 2026, has been attributed to structured recovery drives, increased use of digital payment systems and sustained outreach initiatives. Civic authorities highlighted the role of technology-enabled billing, extended payment facilities and targeted follow-ups in boosting collections. The milestone marks a significant improvement in municipal revenue performance, with officials emphasising transparency and ease of payment as key drivers behind the increase in collections.Read more

5 hours ago

Prestige Estates Projects Ltd has launched a large-scale residential project, Prestige Golden Grove, in Tellapur, Hyderabad, with an estimated revenue potential exceeding INR 9,500 crore. Spread across 28.6 acres, the development will comprise 5,120 housing units with a total saleable area of 10.36 million sq ft. The project caters to mid- to upper-segment buyers, with ticket sizes ranging between INR 1 crore and INR 3 crore. The launch forms part of the company's ongoing expansion strategy in Hyderabad, a market it identifies as demonstrating sustained housing demand supported by infrastructure growth and economic activity.Read more

6 hours ago

The Haryana Real Estate Regulatory Authority (HRERA) has dismissed a complaint by Sunrays Heights Pvt Ltd against homebuyers over alleged payment defaults in its Gurugram project. The developer had sought recovery of dues with interest, but the authority ruled that such disputes must be handled as per builder-buyer agreements, not through regulatory intervention. HRERA clarified that payment-related issues are contractual matters and should be resolved through appropriate legal channels. The decision reinforces the role of agreements in real estate transactions and highlights that RERA's mandate is focused on regulation and compliance, not dispute recovery for developers.Read more

6 hours ago

A war memorial dedicated to the martyrs of the 1857 uprising, located along the Ambala Delhi national highway in Haryana, is nearing completion and is expected to be inaugurated soon. The Shaheedi Memorial project has entered its final execution phase, with state officials directing agencies to complete pending works to prescribed quality standards. The complex includes cultural and public infrastructure such as an auditorium, exhibition spaces, and a commercial zone with retail and food facilities. Authorities have undertaken inspections of civil, electrical, and drainage systems to ensure readiness ahead of the monsoon. The project forms part of the state's broader effort to create commemorative and tourism-linked infrastructure along key highway corridors.Read more

7 hours ago

Sobha Ltd has reported an 11% year-on-year increase in quarterly sales bookings to INR 2,039.3 crore in Q4 FY26, supported by steady demand across residential projects. For the full financial year, the developer achieved its highest-ever pre-sales of INR 8,135.9 crore, marking significant growth over the previous year. Bengaluru remained the largest contributor, accounting for 55% of total sales, followed by Delhi-NCR and Kerala. The company also recorded substantial project launches and completions during the year, reflecting sustained momentum in the housing sector despite global uncertainties affecting broader economic conditions.Read more

7 hours ago

The National Company Law Appellate Tribunal has rejected a plea by Raheja Developers to terminate insolvency proceedings for its Raheja Shilas project in Gurugram, stating that disputes with homebuyers remain unresolved. The tribunal held that withdrawal of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code can only be permitted after a complete settlement between parties. Over 40 homebuyers had initiated the insolvency proceedings, objecting to closure despite claims of possession being handed over. The tribunal has limited the CIRP to the specific project while allowing creditors related to other developments to pursue independent legal action.Read more

8 hours ago

TVS Industrial & Logistics Parks (TVS ILP) has entered into a memorandum of understanding with the Karnataka government to invest INR 200 crore in developing industrial and logistics parks across the state. The agreement, formalised recently at an investment conclave in Bengaluru, focuses on creating technology-enabled facilities catering to sectors such as manufacturing, e-commerce, and third-party logistics. The company, which already operates 14 parks in South India, aims to expand its regional footprint through this investment. The development comes amid sustained growth in India's industrial and logistics real estate sector, where leasing activity has recorded double-digit annual growth, driven primarily by manufacturing demand and supply chain expansion across major and emerging markets.Read more

8 hours ago

Dubais real estate market saw strong growth in Q1 2026, with 47,996 property transactions worth AED176.7 billion, reflecting rising investor demand. The off-plan segment dominated activity, contributing around 70% of total deals, supported by new project launches. Apartments led in volume, while villas recorded significant value growth and rising prices. Commercial and mortgage transactions also increased, indicating higher investment activity. Key areas such as Dubai South and Al Barsha South saw high traction. Despite a dip in plot prices, the market remains driven by new supply, strong buyer interest and confidence in Dubai's real estate fundamentals.Read more

9 hours ago

India Infrastructure Finance Company Ltd (IIFCL) has highlighted the critical role of the infrastructure sector in sustaining long-term economic growth and achieving the Viksit Bharat 2047 vision. Addressing a stakeholder meeting attended by over 100 participants from across the infrastructure and financial ecosystem, senior officials pointed to expanding opportunities in transport, urban infrastructure, and clean energy, supported by a strong project pipeline and policy backing. The institution emphasised its focus on diversified and sustainable financing, including ESG-aligned investments and global partnerships. Discussions also centred on the need for innovative funding structures and greater capital market participation to support the next phase of infrastructure development in India.Read more

9 hours ago

Ceigall India has secured 15 power purchase agreements through its subsidiary to supply electricity from a 130 MW solar project in Madhya Pradesh under the Surya Mitra Krishi Feeder Yojana. The project will provide daytime power to the agricultural sector and support clean energy goals. With an EPC cost of around INR 572 crore, the project will be executed within 12 months and operated for 25 years at a tariff of INR 2.85 per unit. This marks the company's entry into solar energy alongside its infrastructure business.Read more

10 hours ago

India Infrastructure Finance Company Ltd (IIFCL) is planning to mobilise up to USD 1 billion in long-term commercial debt during the ongoing quarter through a guarantee structure supported by the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group. The proposed fundraising, currently under approval, will not carry a sovereign guarantee and is intended to reduce pressure on the public exchequer while supporting infrastructure financing. The state-owned lender is in advanced discussions with global banks for a 15-year tenure borrowing. The move follows IIFCL's recent overseas fundraising success, including a USD 500 million issue from Japan. The company continues to strengthen its balance sheet, reporting improved profitability and maintaining low non-performing assets.Read more

10 hours ago

British utility SSE has revised its annual earnings outlook upward by increasing the lower end of its guidance, supported by stronger renewable energy generation and higher investment in regulated networks. The company expects renewable output to grow significantly in the current fiscal year, backed by new capacity additions. Its large-scale five-year investment plan continues to focus on expanding renewable assets and upgrading the UK's ageing power grid. Despite rising global energy prices due to tensions in the Middle East, SSE has not seen any immediate operational impact, citing the resilience of its diversified business model.Read more

Bangalore News Desk

11 hours ago

BHIVE Workspace has leased approximately 1.4 lakh sq ft of office space at Phoenix Asia Towers in Hebbal, marking its entry into north Bengaluru's commercial real estate market. The facility, with a seating capacity of over 2,600 professionals, will offer a mix of co-working, managed offices, and enterprise suites. The transaction is part of the company's broader expansion strategy, which includes adding nearly 1 million sq ft of capacity in 2026 with an investment of around INR 250-300 crore. The deal also represents BHIVE's first collaboration with The Phoenix Mills Limited and reflects growing demand for large-format flexible workspaces in emerging business districts of Bengaluru.Read more

Mumbai News Desk

11 hours ago

The Brihanmumbai Municipal Corporation (BMC) is moving forward with its smart parking project, nearly six years after it was first proposed. The initiative aims to consolidate all public and private parking spaces into a single digital platform accessible via a mobile app or web portal, allowing motorists to view and reserve parking slots in advance. With over 350 on street and 26 off street parking locations, the system also plans to include residential associations spaces during daytime. The project has an initial budget of INR 3 crore and is expected to ease parking shortages and traffic congestion across Mumbai.Read more

12 hours ago

Deendayal Port Authority (DPA) has emerged as the top cargo handling major port in India during FY26, moving ahead of Paradip Port Authority. The port recorded strong cargo volumes driven by better operational efficiency, faster vessel turnaround and improved coordination with stakeholders. It achieved key milestones during the year, including crossing major cargo handling marks well ahead of schedule. Paradip continues to remain a strong player with high bulk cargo volumes and ongoing expansion plans. The development reflects increasing competition and shifting rankings among India's major ports.Read more

12 hours ago

Vietnam is preparing a set of measures to support its stock market after a sharp decline triggered by global tensions linked to the Iran war. Proposals include creating a government-backed stabilisation fund, easing share buybacks, tightening trading limits and using influencers to improve investor sentiment. Authorities have been asked to act on these recommendations, though the extent of implementation is unclear. The move also aims to secure an upgrade by FTSE Russell and support the real estate sector. Regional peers are taking similar steps as market volatility and currency pressures continue to impact Asian economies.Read more

13 hours ago

The National Company Law Appellate Tribunal (NCLAT) has ruled in favour of Delhi Metro Rail Corporation (DMRC), stating that it is not obligated to revive a previously terminated concession agreement with Pratibha Industries Ltd (PIL). The agreement, linked to a multi-level parking project at the New Delhi Railway Station-Airport Express Line, had been terminated well before insolvency proceedings began. The decision modifies an earlier NCLT order that had directed DMRC to cooperate with the resolution plan. The ruling clarifies limits on tribunal authority over third-party contracts in insolvency cases.Read more

13 hours ago

Sohan Lal Commodity Management (SLCM), an agri-warehousing and logistics company, has initiated the process for its initial public offering by filing draft papers through Sebi's confidential route. This approach allows early regulatory feedback without public disclosure and has been increasingly used by companies seeking flexibility amid changing market conditions. SLCM operates in technology-driven agricultural storage and logistics, serving a wide range of stakeholders across India and Myanmar. The company has handled over 1,300 agricultural commodities so far, highlighting its scale and presence in the agriculture supply chain.Read more

14 hours ago

Indian Railways transported 1,670 million tonnes of cargo in the recently concluded financial year, achieving a 3.25% rise over the previous year. Growth was driven primarily by fertilisers, pig iron, and finished steel, along with increased shipments of iron ore and cement. The number of wagons handled also increased by 4.56%, reflecting improved operational efficiency and capacity. Several zones, including South Western, North Central, East Coast, and West Central Railways, reported strong double-digit growth. The performance underscores railways crucial role in supporting industrial activity and bulk commodity logistics across India.Read more

14 hours ago

M3M India has announced a construction acceleration programme with an investment outlay of INR 14,500 crore to expedite delivery across its 45 million sq ft under-development portfolio. The initiative, funded entirely through internal accruals and working capital, will maintain the company's zero-debt position. As part of the plan, around 7.8 million sq ft has been prioritised for completion by FY27, spanning premium residential and mixed-use commercial developments, largely in Gurugram. Key projects include M3M Capital 113 and M3M Antalya Hills 79, alongside commercial assets such as M3M Paragon 57. The phased delivery pipeline is expected to extend over the next few years, with a focus on improving execution timelines and project completion rates.Read more

15 hours ago

Property tax collections across key urban local bodies in Telangana recorded an unprecedented spike in the past week, crossing INR 100 crore in a single day. The surge was driven by intensified enforcement measures, including sealing of high-value commercial properties, issuance of notices, and targeted compliance campaigns. Revenues, which typically ranged between INR 3 crore and INR 5 crore per day, rose sharply to INR 20 crore, INR 50 crore, and eventually surpassed INR 100 crore within a few days. The collections were supported by an ongoing one-time settlement scheme aimed at clearing arrears. Cumulative collections have reached approximately INR 2,500 crore, with civic authorities expecting the upward trend to continue alongside early payment incentives for the upcoming financial cycle.Read more

15 hours ago

A recent CAG report has highlighted a major gap in the transfer of cess collections by the central government, amounting to INR 3.69 lakh crore up to FY 2023-24. The issue was raised in the Rajya Sabha by an RJD MP, who pointed to delays and discrepancies spanning decades. Several funds, including those linked to health, education, highways, and investor protection, have seen shortfalls. The MP also questioned inconsistencies between official claims and government accounts, calling for transparency and corrective action to ensure cess funds are used for their intended development purposes.Read more

Gurugram News Desk

16 hours ago

The Municipal Corporation of Gurugram (MCG) has recorded property tax collections exceeding INR 350 crore for the financial year ending recently, alongside INR 56 crore from water bills. The surge was driven by last-day payments, extended working hours at civic centres, and improved digital and offline payment systems. Officials facilitated collections even on a holiday, witnessing high taxpayer participation. For the upcoming financial year, the civic body has set a property tax revenue target of around INR 325 crore, reflecting an increase over earlier projections. Authorities have also introduced stricter enforcement measures, including an 18% annual interest on unpaid dues, and are leveraging technology such as artificial intelligence to identify defaulters and improve compliance.Read more

16 hours ago

Adani Ports and Special Economic Zone Ltd (APSEZ) has surpassed 500 million tonnes of cargo handled, marking a significant operational milestone for India's largest private port operator. The achievement reflects the company's expansion from a single-port model in the late 1990s to a network of 19 ports and terminals across India and overseas. With an annual handling capacity of about 633 million tonnes and a market share of roughly 28% of India's port cargo, the company continues to strengthen its role in trade and logistics. APSEZ has also indicated a long-term target of reaching 1 billion tonnes by 2030, supported by integrated infrastructure spanning ports, rail, road, and warehousing.Read more

17 hours ago

Delhi's property tax collections surged by 46 per cent in FY26, reaching INR 3,116.62 crore, driven by better compliance, enforcement, and the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme. The number of taxpayers increased by nearly 20 per cent, while first-time contributors under SUNIYO added INR 448.89 crore. Use of third-party data helped map over 48,000 previously unassessed properties, generating additional revenue. Collections from residential and non-residential properties under the amnesty scheme totaled INR 1,236.03 crore, indicating a broader tax base and improved civic revenue mobilisation.Read more

Hyderabad News Desk

17 hours ago

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has cleared encroachments from an 8.24-acre lake in Manchirevula, Gandipet, as part of an ongoing enforcement drive across Hyderabad's urban region. The operation involved removal of illegal structures erected by private entities, including boundary walls and temporary constructions on the lake bed. Parallel actions were undertaken in Bowrampet, Avushapur, and Jubilee Hills, targeting encroachments on roads, park land, and stormwater drains. The agency's actions follow complaints and field inspections, with a focus on restoring water bodies and public land. The drive forms part of broader efforts to address urban encroachments affecting drainage systems, infrastructure, and land use compliance in the city.Read more

Mumbai News Desk

18 hours ago

Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area. This comes soon after the company secured a larger redevelopment deal at Peddar Road. The move reflects its steady focus on South Mumbai, where limited land supply and strong demand continue to drive redevelopment activity.Read more

Pune News Desk

18 hours ago

The Pune Municipal Corporation (PMC) has reported a revenue shortfall of nearly INR 3,400 crore for the financial year ending recently, having collected around INR 9,200 crore against a target of INR 12,600 crore. The deficit has been largely attributed to lower-than-expected income from building permissions and weak property tax recovery, particularly in newly merged areas. While the number of taxpayers increased, collections did not keep pace, with a significant portion of revenue coming through an amnesty scheme. Civic officials cited legal complications in land measurement and delays in project approvals as key constraints, while activists raised concerns over the administration's reliance on periodic relief schemes instead of sustained enforcement.Read more

Delhi News Desk

19 hours ago

Delhi International Airport Limited (DIAL) has indicated that recent restrictions on duty-free access, food delivery services, and mobile retail carts could lead to an estimated annual revenue loss of around INR 344 crore. These curbs, introduced on security grounds, are expected to impact non-aeronautical revenue streams, which play a key role in airport earnings. The operator has flagged that reduced commercial income may eventually affect passenger charges. It has urged the government to review the measures, highlighting both financial and passenger convenience concerns.Read more

Bangalore News Desk

20 hours ago

The Bangalore Development Authority (BDA) has announced six new residential projects comprising 4,251 flats across multiple locations in Bengaluru, with a total investment of around INR 3,200 crore. The projects, currently under construction, span areas such as Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, and include 1BHK to 4BHK units. The initiative reflects a shift towards vertical housing in response to land constraints and rising population pressures. The authority has also introduced an online allotment system to improve transparency. Previous housing schemes have seen over 13,000 flats completed, with more than 10,000 already allotted, indicating continued public participation in state-led housing delivery.Read more

21 hours ago

Maharashtra is establishing the Maharashtra State River Rejuvenation Authority (MSRRA) to address river pollution and manage basin-level restoration projects. The authority will focus on 54 polluted river stretches, with priority rivers including the Godavari, Bhima, Indrayani, Mula, Mutha, and Nag. The Environment Ministry aims to secure an annual allocation of INR 400 crore, forming part of a planned INR 2,000 crore fund over five years. The authority will integrate multiple departments, streamline project execution, and consolidate existing river-cleaning initiatives to improve effectiveness and prevent duplication of efforts.Read more

22 hours ago

The Finance Minister highlighted that under the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, the Committee of Creditors (CoC) in real estate insolvency cases can invite land authorities to provide inputs on land and regulatory matters. The law also sets stricter timelines for case admission and resolution plan approvals before tribunals. Of the 565 cases admitted so far, 111 affecting roughly 162,320 homebuyers have been resolved. Another 210 cases are under resolution, with 87 plans awaiting tribunal approval, while some cases are in liquidation or withdrawn.Read more

05 Apr 2026

The Association of Senior Living India (ASLI) has appointed Rajagopal G as its chairman for the 2026-2028 term, succeeding Rajit Mehta. A co-founder and group CEO of Lifebridge Group, Rajagopal brings over three decades of experience in senior living and geriatric care. His appointment comes at a time when India's senior housing and care segment is expanding in response to demographic shifts. ASLI, established in 2011, represents a broad ecosystem of developers, healthcare providers, and service operators, and plays a role in policy advocacy and standardisation. The leadership transition is expected to focus on strengthening regulatory frameworks, improving care standards, and supporting the growth of the senior living sector within India's evolving real estate and healthcare landscape.Read more

Noida News Desk

05 Apr 2026

Noida's stamp and registration department has reported its highest revenue in a decade, collecting approximately INR 4,498.7 crore in the financial year ending recently, achieving 87% of its INR 5,180 crore target. The increase was supported by a series of state government incentives, including stamp duty rebates for women, reduced charges on rental agreements, and concessional rates for intra-family property transfers. However, total property registrations declined to around 1.6 lakh units from 1.7 lakh in the previous year. The data indicates a divergence between revenue growth and transaction volumes, with a higher share of registrations occurring under concessional categories and larger-value properties contributing to overall collections.Read more

05 Apr 2026

The Bhubaneswar Development Authority (BDA) has entered into an agreement with Singapore-based consultancy Surbana Jurong to prepare a comprehensive master plan for an 800-acre New City project on the outskirts of Bhubaneswar. The proposed development, spread across Gothapatna, Malipada, and Daspur, is planned as a transit-oriented, mixed-use urban hub aligned with Odisha's long-term development vision. The project, with an approved outlay of approximately INR 8,179 crore, aims to accommodate urban expansion, provide affordable housing across income groups, and integrate commercial, residential, and institutional zones. The plan will incorporate sustainable infrastructure, public transport systems, and economic clusters to guide structured growth and reduce unplanned urban sprawl in the capital region.Read more

05 Apr 2026

UK-based construction materials supplier BRCK Group has rejected a takeover proposal from US private equity firm Atlas Holdings, triggering a sharp rise in its share price. The non-binding offer of 65 pence per share valued the company at approximately GBP 209.4 million (around USD 276 million). BRCK's board unanimously declined the proposal, stating that it did not adequately reflect the company's value. Following the announcement, the company's shares rose by over 24%, despite remaining lower on a year-to-date basis amid broader weakness in the UK construction sector. Under takeover regulations, Atlas has until later this month to either formalise a revised offer or withdraw its interest.Read more

05 Apr 2026

Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, has acquired a 100% stake in out-of-home (OOH) advertising firm Skyiwave for INR 3 crore through a cash transaction. The acquisition, completed in recent days, brings Skyiwave under AAHL as a wholly owned subsidiary and a step-down arm of Adani Enterprises. Incorporated in 2016, Skyiwave operates in hoardings and media solutions, with a turnover of INR 16.51 lakh in FY25. The move is aimed at strengthening non-aeronautical revenue streams by enabling the management and expansion of advertising assets across Adani's airport network. The transaction does not involve related parties and did not require regulatory approvals.Read more

05 Apr 2026

Ranchi Municipal Corporation has recorded its highest-ever tax collection of about INR 108 crore, showing a steady rise in revenue performance. The growth has been driven by better compliance, digital payment systems, and stricter recovery from defaulters. Collections came from holding tax, water charges, and trade licence fees. Over the past few years, the civic body has focused on improving its financial systems and expanding the tax base. The higher revenue is expected to support infrastructure works and improve delivery of basic civic services across the city.Read more

05 Apr 2026

Toll charges on the Dwarka Expressway have been revised from the start of the new financial year, increasing travel costs for commuters using the Delhi Gurugram corridor. The revision, implemented by the National Highways Authority of India (NHAI) at the Bijwasan toll plaza, forms part of the annual toll adjustment exercise across national highways. The increase is expected to have a direct impact on cab fares, given the limited availability of public transport along the expressway. The corridor, which connects key residential and commercial zones, already operates under an integrated tolling system, and the revised rates are likely to raise daily commuting expenses, particularly for frequent users without monthly or annual passes.Read more

05 Apr 2026

Navi Mumbai Municipal Corporation (NMMC) has presented its INR 6,704.43 crore budget for the financial year 2026-27 before the general body, with provisions for civic infrastructure, public services, and urban development projects. The budget, tabled in the past week by Standing Committee Chairman Ashok Patil to Mayor Sujata Patil, includes an opening balance of INR 1,265.83 crore and projected expenditure of INR 6,689.43 crore, leaving a closing balance of INR 15 crore. The revised estimate for FY26 stands at INR 5,830.82 crore. The civic body has scheduled a general body discussion on the budget in early April, alongside transport and tree authority allocations, as part of its annual financial planning exercise.Read more

05 Apr 2026

Construction has begun on the Crowne Plaza 5-Star Hotel in Amaravati, marking a key step in expanding the city's hospitality infrastructure. Developed by Indrayal Hotels Private Limited and consortium, the hotel will be built on four acres in Shakamuru, featuring 200 rooms and an investment of around INR 300 crore. The project is expected to provide jobs for 500 people. The move reflects APCRDA's ongoing strategy of allocating land and ensuring timely project execution, contributing to the balanced and inclusive development of Amaravati as a modern, well-planned capital city.Read more

05 Apr 2026

Casagrand has commenced construction of its residential project Casagrand Mandarin in Miyapur, Hyderabad, introducing what it describes as the city's first UPARTMENT concept. The development spans 8 acres and will comprise 334 units of 3 and 4 BHK homes, designed with a focus on higher carpet efficiency and low-density planning. The project includes 5.7 acres of open space, a 41,000 sq ft clubhouse and multiple lifestyle amenities. Located in a key residential corridor with proximity to IT hubs and metro connectivity, the project is positioned to cater to evolving urban housing preferences centred on space, functionality and end-use demand in Hyderabad's western suburbs.Read more

05 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has achieved its highest-ever annual property tax collection, recording INR 876 crore in the financial year ending recently. The performance surpasses all previous yearly collections since the civic body's formation and has been attributed to a structured recovery drive, digital payment systems, and an amnesty scheme implemented during the closing weeks of the financial year. Over 2.25 lakh property owners contributed to the collections, with nearly 61% opting for online payments. Nerul ward recorded the highest contribution at over INR 182 crore. The initiative reflects improved taxpayer participation, data-driven enforcement, and expanded outreach through digital communication and extended payment facilities.Read more

05 Apr 2026

The Swarajya residential project in Dombivli, developed by Bhagwati Group and Haware Properties and marketed by The Guardians Real Estate Advisory, has recorded over 500 bookings and INR 171 crore in sales within four days of launch. The project received 1,053 expressions of interest in the four weeks prior, translating into 531 bookings from 1,233 walk-ins, reflecting a 47% conversion rate. Launched around Chhatrapati Shivaji Maharaj Jayanti, the project's positioning focused on cultural alignment with the local buyer base. It forms part of the My First Home initiative, which has previously delivered strong sales in Kalyan and Shil Phata. The response highlights sustained demand for affordable housing in emerging micro-markets within the Mumbai Metropolitan Region.Read more