Ex-Godrej Properties executive Harddik Bhatia has launched a new luxury real estate brand, The House of Harddik Bhatia. The venture aims to tap into India's premium housing segment with a design-first approach, leveraging his industry experience to create boutique residential offerings.

City Developments Ltd. (CDL) of Singapore will sell its stake in a major office complex for USD 646 million. The move is part of its capital recycling strategy amid a sluggish property market, freeing up resources for future investment opportunities.

Actor Jaideep Ahlawat has purchased a luxury apartment in Mumbai valued at INR 10 crore. The acquisition highlights the growing trend of celebrities investing in premium real estate as part of their portfolio, reflecting confidence in the city's upscale residential market.

KRERA's latest report reveals more than 2,600 real estate projects are delayed in Karnataka, with Bengaluru facing the highest number of stalled developments. Delays are impacting buyers and investors, prompting calls for stricter regulatory oversight and improved project management to restore confidence in the market.

Singapore's luxury bungalow market has seen a decline in sales during the first quarter, reflecting shifting buyer sentiment amid global economic uncertainties. Market analysts attribute the drop to tightening regulations and cautious investor behavior impacting the ultra-premium residential segment.

Blackstone has acquired UK-based Warehouse REIT for USD 635 million, viewing the deal as a strategic play in a cooling economy. The investment underlines continued demand for logistics assets, especially as e-commerce sustains warehouse space needs despite broader market uncertainty.

YEIDA has roped in a third-party agency to conduct infrastructure audits across its developments. The initiative is aimed at improving the quality and compliance of projects under its jurisdiction, ensuring transparency and higher construction standards in the Yamuna Expressway region.

The Kalyan-Dombivli Municipal Corporation (KDMC) has launched a demolition drive against unauthorized buildings in Titwala. The civic body is taking firm action to remove illegal structures, citing public safety and violation of zoning laws in the fast-growing suburban locality.

A tragic building collapse in Mumbai has triggered strict action against unauthorized structural changes in tenement buildings. The BMC is intensifying inspections and has initiated legal proceedings to curb illegal modifications, prioritizing public safety in aging urban housing clusters.

To tackle groundwater depletion, Indore authorities have made rainwater harvesting compulsory for all new constructions. The measure aims to reduce over-reliance on depleting resources and promote sustainable urban planning as the city faces growing water demand due to rapid real estate and population growth.

The reconstruction of Byculla Bridge in Mumbai faces uncertainty as the BMC has yet to finalize key design and approval aspects, despite a targeted completion by the end of 2025. Commuters and residents remain concerned over delays, with officials citing coordination issues between civic departments and traffic authorities as major hurdles.

An NRI couple was cheated of INR 10 crore in a Hyderabad-based forest villa scheme. Developers allegedly misused funds without delivering the promised property. Authorities are investigating the large-scale real estate scam, raising concerns about fraudulent activity in premium housing developments targeting non-resident Indians.

The Economic Offences Wing has cleared developer Niranjan Hiranandani in the Powai land scam case, and the final closure report has been accepted by the court. The long-standing legal battle is now concluded, bringing relief to the real estate veteran and the Hiranandani Group.

Power Grid Corporation has announced the acquisition of MEL Power Transmission Ltd for INR 8.53 crore. The move is aimed at consolidating its power transmission assets and expanding operational control across key grid infrastructure, furthering its growth strategy in the sector.

Paytm Cloud has incorporated a wholly-owned subsidiary in Singapore to broaden its international presence. The move is seen as a strategic step towards expanding fintech and cloud-based services outside India, aiming to cater to global clients with scalable infrastructure solutions.

Aditya Birla Group is set to acquire a US-based chemical plant from agri-giant Cargill. This acquisition strengthens Birla's global chemicals footprint and aligns with its strategy to expand in high-value specialty sectors. The facility will enable the manufacturing of bio-based chemicals, supporting sustainable production initiatives.

The Maharashtra Labour Department is cracking down on agents exploiting workers during the BOCW registration process. Many laborers are charged illegal fees for government welfare registration, prompting the department to streamline systems and penalize intermediaries obstructing worker benefits.

Gurugram's civic body is grappling with a waste management crisis after repeated failures to finalize a contractor for handling construction debris. The lack of proper disposal solutions is causing environmental and civic issues, prompting urgent calls for alternate solutions.

Maharashtra is set to open the final 76km stretch of the 701km Mumbai-Nagpur expressway on June 5, reducing travel time to just eight hours. The INR 55,000 crore Samruddhi Mahamarg connects key districts, religious hubs, ports, and industrial zones. Its last leg includes major tunnels, viaducts, and interchanges built across rugged Sahyadri terrain. Source PTI

At the 2025 National Agriculture-Renewable Energy Conference, Agriculture Minister Shivraj Singh Chouhan proposed installing elevated solar panels over crops to help farmers produce both food and electricity. He stressed the PM-KUSUM scheme's role in energy security and called for broader adoption of renewable energy in agriculture, alongside efforts to boost productivity and promote organic farming. Source PTI

Only 8% of GCCs globally have matured in key areas like innovation and AI, according to BCG. India, the US, and Mexico lead in balanced ecosystems, with India showing a strong mix of scale and efficiency. Most GCCs are still in early AI stages, while top firms embed AI across core operations for real business impact. Source PTI

Seoul Tourism is globally promoting its food and travel scene through videos featuring celebrity chef Edward Lee. The series includes Seoul Table for One (June 5) and Solo in Seoul (June 11), co-produced with NBCUniversal. Aired internationally, the campaign highlights Seoul's culinary gems and solo travel spots to boost global tourism.

NCLAT has refused to lift the asset freeze on Gensol Group and related firms, advising them to approach the NCLT for relief. The freeze follows allegations of fund diversion, financial misstatements, and governance lapses. The case, supported by findings from MCA, SEBI, and SFIO, will be heard by the NCLT on June 12. Source PTI

Adani Airports has secured USD 750 million from global banks to refinance USD 400 million in debt and fund growth at six airports. The company, which handled 94 million passengers in FY25, plans to triple its capacity by 2040, with Navi Mumbai International Airport expected to soon add 20 million passengers annually in its first phase. Source PTI

Sebi has alerted investors about fake messages on social media impersonating its officials and using its logo and seal. These scams demand money or personal data. Sebi urged people to verify all communications on its website, noting that real orders carry unique identification numbers. Investors were also advised to avoid unverified WhatsApp groups. Source PTI

Carlyle Group sold its entire 10.2% stake in Indegene for INR 1,447 crore, marking a full exit with a 31% return. The shares were acquired by entities like Premji Invest and Capital Group. Carlyle had initially invested USD 122 million in 2021 and divested in phases as Indegene expanded globally and went public in 2024. Source PTI

Dr. Roy C.J. of Confident Group awarded INR 1 crore in scholarships to 201 meritorious students from Kerala and Karnataka, targeting families with income below INR 5 lakh. The program supports school fees up to INR 50,000 per student, emphasizing education as a tool for societal growth. Expansion to 300 students is planned for 2026. Source PTI

County Group will invest INR 1,800 crore in developing 'Jade ,' a premium residential project in Ghaziabad's Wave City. The 13.33-acre development will offer 1,000 housing units and spans 30 lakh sq ft. Located along NH24, the project benefits from strong connectivity and infrastructure, including the Delhi-Meerut Expressway and Hindon Airport. Source PTI

NCLAT has stayed the insolvency proceedings against Reliance Infrastructure, offering the company major relief. The move comes after Reliance Infra appealed against NCLT's May 30 order, claiming it had cleared the full INR 92.68 crore owed to Dhursar Solar Power. The insolvency plea was filed by IDBI Trusteeship, citing earlier payment defaults. Source PTI

360 ONE Asset has invested INR 170.6 crore in Paras Healthcare, marking a mix of primary infusion and partial investor exit. Paras runs 2,000+ beds across eight hospitals in Tier 1 and 2 cities in North India. The deal aligns with 360 ONE's pre-IPO strategy focused on affordable healthcare access. Source PTI

IHCL has partnered with Mcleo Times Square to develop a 65-key Gateway hotel in McLeodganj under a brownfield project. This is part of the company's strategy to expand in Himachal Pradesh's leisure tourism market. With this addition, IHCL now has 13 hotels in the state, including eight currently under development. Source PTI

Epigral Ltd. will invest INR 21.38 crore to raise its wind-solar hybrid power capacity to 38.14 MW by FY26, partnering with Prozeal Green Energy through a 26% SPV stake. The expansion supports upcoming projects and aligns with its clean energy goals amid broader specialty chemical capacity growth. Source PTI