The Pimpri Chinchwad Municipal Corporation (PCMC) is cracking down on a surge in bounced cheques for property tax payments, with 780 dishonoured cheques amounting to INR 10.15 crore in March 2025 alone. Defaulters face legal action, including property attachment and a ban on cheque payments. PCMC is contemplating restricting cheque payments during March each year.

Advocates and deed writers in Greater Noida ended a four-day strike on June 6, resuming registry services that had been halted since June 3. The protest was sparked by reports of a potential office relocation to Surajpur, which officials later denied. The strike disrupted daily operations, affecting 150-200 registrations per day.

Three senior officials of the Greater Noida Industrial Development Authority (GNIDA) have been suspended for unlawfully allotting residential plots on unacquired land in Patwari village. Despite acquiring only 1,600 sqm of the intended 9,600 sqm, GNIDA issued allotments for the full area in 2023. The Allahabad High Court deemed the actions arbitrary and deceitful, leading to legal disputes and prompting the state government to take disciplinary action.

On June 5, 2025, Maradu municipality in Kochi officially handed over keys to eight modern flats in the Mahatma Ayyankali Housing Complex, built for scheduled caste families without land or housing. The INR 2.68 crore project, constructed on 20 cents of land acquired in 2015-16 for INR 87.88 lakh, was inaugurated by opposition leader V D Satheesan. The event coincided with World Environment Day, marked by planting a fruit-tree sapling at the complex site.

The LDA has launched a public survey to inform the design of new apartment projects in Viraj Khand, Gomtinagar Extension, Aishbagh, and Basant Kunj. Residents are encouraged to share their preferences regarding apartment sizes, amenities, and community features through the LDA's official website, ensuring developments meet the actual needs of the community.

Piyush Goyal has proposed setting up a dedicated industrial zone in India for Italian businesses to enhance trade ties. He urged Italy to invest in India's supply chain and manufacturing sectors, with a focus on defence and engineering. The move is part of efforts to deepen economic cooperation between the two countries. - Source - PTI

At the Spiritual and Wellness Summit, CM Mohan Yadav stated that Madhya Pradesh is fully prepared to lead India's wellness mission. He highlighted the state's spiritual heritage and natural assets, encouraging investment in wellness infrastructure. The summit focused on combining traditional practices with modern wellness to boost tourism and holistic development. Source - PTI

Tesla stock fell sharply after Elon Musk's clash with Donald Trump over the GOP tax bill spooked investors. The dispute, centred on policy changes that may impact EV incentives, has heightened uncertainty about Tesla's future under a Republican-led government. Source - PTI

Acharya Sushil Kumarji's birth centenary will be marked by the launch of 'Environment Year' on June 15 at Talkatora Stadium, New Delhi. The initiative, led by Acharya Sushil Ashram, aims to promote environmental awareness and non-violence. Jain leaders, environmentalists, and government dignitaries are expected to attend the inaugural ceremony. Source - PTI

ACE Group has launched its luxury residential project Verde at Yamuna Expressway, Greater Noida. Spanning 14.5 acres, it will house about 850 premium 3 and 4 BHK units. Positioned near Noida International Airport and Film City, the project targets high-end homebuyers looking for prime connectivity and lifestyle amenities. Source - PTI

Odisha CM Mohan Charan Majhi broke ground for Hygenco's green ammonia plant in Gopalpur, Ganjam. The project, with an INR 80,000 crore investment, will span 1,000 acres and target 1 million tonnes of annual output. Backed by renewable energy, it positions Odisha as a key player in India's green hydrogen and ammonia push. Source - PTI

PM Modi inaugurated Kashmir's first all-weather rail link to Delhi, enabling the Vande Bharat Express to start services tomorrow between Katra and Srinagar. The INR 146,000 crore project features the world's highest Chenab bridge and India's first cable-stayed Anji Khad bridge, expected to enhance tourism, local trade, and year-round connectivity in the region.

MahaRera now requires registration certificates to provide detailed housing project information, including built-up area, building specifics, floor approvals, and parking slots. Any project changes like deadline extensions or joint ventures will be updated on the certificate. Developers must prominently display these certificates and QR codes to ensure homebuyer transparency and ease of access to project data.

IIT-Bombay played a crucial role in stabilizing Indore Metro's foundation after initial construction flaws emerged. The team identified gaps in pile concreting and redesigned the support structure, ensuring safety and smooth operation of the 6-km metro line. This expert intervention underpinned the success of Indore's new urban transit system.

The newly inaugurated south-bound arm of Thane Creek Bridge 3 connects Navi Mumbai to Mumbai, easing traffic for over 1.28 lakh daily commuters. Developed by MSRDC at INR 775.58 crore, the bridge includes two three-lane spans and expanded approach roads. It follows the earlier opening of the north-bound arm in October 2024.

Apple India has leased 12,616 sq ft at Mumbai's Sky City Mall for INR 17.35 lakh per month, with a 10-month rent-free period. The 10-year-10-month lease includes a revenue share model. This step supports Apple's ongoing retail expansion in India, following its store openings in Delhi and Mumbai last year. Source PTI

India has pledged USD 20 billion to strengthen multimodal logistics, trade facilitation, and maritime infrastructure. Union Minister Sonowal, speaking in Oslo, outlined plans for enhanced connectivity via global corridors and three new Green Hydrogen Hub Ports to support sustainable maritime operations. He also encouraged international collaboration in seafarer recruitment and shipbuilding development. Source PTI

Coal India Ltd. has signed an MoU with Indian Port Rail & Ropeway Corporation to develop rail infrastructure for its operations. IPRCL is a joint venture formed to enhance port rail connectivity. The move supports CIL's FY26 goals of producing 875 MT and achieving an offtake of 900 MT of coal. Source PTI

IREDA has fixed the QIP floor price at INR 173.83 per share to raise INR 5,000 crore, with a possible 5% discount. The issue, approved earlier this year, opened on June 5 for institutional investors. The capital raised will support green energy financing, with no more than 7% dilution in post-issue equity capital. Source PTI

Marriott India planted 100,000 trees nationwide on World Environment Day 2025, involving 15,000+ volunteers across 150 hotels. Bengaluru hotels alone contributed over 10,000 saplings in areas like Bellandur and Varthur. This large-scale effort reinforces Marriott's environmental commitment alongside ongoing initiatives in energy efficiency, waste reduction, and sustainable operations. Source PTI

The Central Bank of India has purchased a 4% stake in Future Generali India Life Insurance and a 2.5% stake in its general insurance counterpart from FCGNL and FCHL. The move is aimed at strengthening its presence in the insurance sector while enhancing its income through strategic partnerships in the financial services domain.

A flat owner in Pune has been booked by police for not submitting mandatory tenant information. Local authorities stress that such disclosures are vital for maintaining law and order. The incident underscores the legal responsibility of landlords to comply with tenant verification regulations in Maharashtra.

Mumbai's 115-year-old crime branch office at Fort will be demolished due to structural risks. A six-storey replacement is planned, addressing space constraints and accommodating multiple police departments. The branch will temporarily shift to Chinchpokli. The historic site has witnessed high-profile interrogations, including those of Ajmal Kasab and Chhota Rajan.

The Indian Railways has inaugurated the Chenab Bridge, the world's tallest railway arch bridge, as part of the Udhampur-Srinagar-Baramulla rail line. Spanning the Chenab River, this engineering marvel enhances connectivity in Jammu and Kashmir and stands taller than the Eiffel Tower, boosting tourism and regional integration.

Amazon plans a massive USD 10 billion investment in North Carolina to build an advanced data center and AI hub. The initiative will support the company's cloud infrastructure expansion, generate thousands of jobs, and contribute to the state's growing technology ecosystem over the next decade.

IRCTC posted robust Q4 results, driven by a surge in catering and ticketing revenues, along with contributions from tourism and online services. EBITDA grew significantly, supported by higher margins and increased passenger volumes. The company expects continued growth amid large-scale events like the Mahakumbh and ongoing rail network expansion.

The Adani Group reported a total contribution of INR 74,945 crore to the exchequer in FY25, marking a year-on-year increase. This includes taxes, duties, and other fiscal obligations, showcasing the conglomerate's substantial financial footprint across sectors like energy, infrastructure, and logistics in India's economy.

The Supreme Court has declined to halt the INR 229 crore Radio Club jetty terminal project in Mumbai, allowing its development to move forward. The project, aimed at easing maritime traffic and boosting tourism, includes terminal buildings and docking infrastructure, contributing to Mumbai's coastal connectivity plans.

Saatvik Green Energy has started building a 4.80 GW solar cell and 4.00 GW module plant in Odisha through its arm Saatvik Solar Industries. The facility is part of a larger plan to expand total integrated manufacturing capacity to 8.80 GW, including a 1.00 GW addition at its Ambala plant, expected by early FY26. Source PTI

On World Environment Day 2025, the real estate sector emphasized sustainability through green buildings, eco-friendly construction, and smart energy use. Industry leaders highlighted policy shifts and investment in climate-resilient infrastructure as essential to combating urban environmental challenges.

Rental prices in Chennai have surged significantly, reflecting a trend similar to Bengaluru's post-pandemic housing market. Increased demand from tech professionals, limited new supply, and shifting work preferences have pushed up rates, making Chennai one of India's most competitive rental markets.

Real estate firm Aranyaka has entered the second home segment, announcing plans to invest INR 300 crore over three years. The brand will focus on eco-luxury homes in scenic locations, responding to rising demand for lifestyle-focused weekend getaways among affluent urban buyers.