India is projected to become the fourth-largest global economy by 2025, with GDP estimates at USD 4.19 trillion, slightly above Japan. While some officials claim India has already reached the milestone, others urge caution, awaiting full-year data. The IMF and government advisors remain confident India will soon surpass Japan and eventually move into third place. Source PTI

Crisil Ratings expects emerging diversified construction firms to see 9–11% revenue growth in FY26, aided by strong order books and timely execution. However, operating margins will remain flat due to high competition and price pressures. Improved cash flows will help meet higher working capital needs and support stable credit profiles. Source PTI

L&T has secured significant EPC contracts from the Rajasthan government valued between INR 1,000 crore and INR 2,500 crore. The projects aim to enhance water infrastructure in Jhunjhunu and Ajmer districts, covering over 5,000 km of pipelines, reservoirs, and pump houses under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project. Source PTI

RBI absorbed INR 2.77 lakh crore in liquidity on June 2, with INR 5.92 lakh crore traded in the overnight market. The SDF absorbed INR 2.92 lakh crore, while the MSF released INR 1,109 crore. The average overnight rate was 5.67%, and banks maintained INR 9.54 lakh crore in cash reserves with the central bank. Source PTI

Gujarat has introduced a redevelopment policy allowing Transfer of Development Rights (TDR) across cities. This major shift enables developers to utilize TDR earned in one urban area in another, unlocking redevelopment potential and addressing urban density issues. The policy is expected to catalyze private investment in aging urban zones.

Hyderabad's residential sales saw a dip recently, but the premium segment remained strong, according to Knight Frank. While overall volume declined, high-end projects priced above INR 1.5 crore gained popularity. Analysts attribute this to growing affluent demand and limited quality inventory in the mid-range.

Hong Kong-based New World Development has delayed coupon payments on several USD-denominated bonds, triggering liquidity concerns. The company cited cash flow constraints but pledged to restructure its debt. The move comes amid broader stress in China's real estate sector, with investors closely watching other developers for similar defaults.

Mortgage approvals in the UK dropped to a record low following the expiry of a major tax relief scheme. The end of the incentive led to reduced demand, as buyers delayed decisions amid high interest rates. Analysts expect approvals to remain subdued until new support measures or rate adjustments emerge.

UK house prices rose by 3.5% in May 2025, driven by improved economic indicators and rising demand. The housing market, which had slowed post-pandemic, has shown signs of recovery, with increased buyer confidence. However, affordability concerns remain due to high borrowing costs and inflationary pressures.

Massive protests erupted across Ghaziabad over the sudden increase in property tax rates. Residents criticized the Municipal Corporation for implementing higher rates without prior notice, especially affecting residential colonies. Civic bodies defended the move as necessary for infrastructure spending, but citizens are demanding a rollback and more transparency in future revisions.

Mysuru City Corporation has engaged women's self-help groups (SHGs) for collecting property tax in select wards. The initiative promotes grassroots governance, empowers women, and aims to increase tax compliance. SHGs will assist with door-to-door collections, especially in underperforming zones, while earning a commission on successful recoveries.

The Karnataka High Court has temporarily restrained the Bangalore Development Authority (BDA) from disconnecting electricity at Kendriya Vihar apartments in Yelahanka. BDA had threatened disconnection over non-payment of penalties. However, the court asked BDA to wait for further hearings and clarified that basic amenities should not be disrupted for such disputes.

Bihar Police will roll out an online tenant verification system by the end of June 2025. The initiative, first implemented in Patna, will expand statewide to streamline background checks and improve residential security. Property owners must register and verify tenants digitally, enhancing transparency and police access to tenant data across district

The National Company Law Appellate Tribunal (NCLAT) has upheld insolvency proceedings against Jaypee Cement Corporation, rejecting its challenge to a previous NCLT order. The company defaulted on dues exceeding INR 100 crore owed to ICICI Bank. The tribunal noted that Jaypee's debt remained unpaid and ruled out any procedural lapses in the initiation of the insolvency case.

As parking shortages worsen, car-parking lifts are becoming increasingly common in Mumbai housing societies. However, experts warn that many lack safety certifications, proper maintenance, and trained operators. With recent accidents highlighting risks, residents and RWAs are now calling for stricter norms and regular checks to prevent mishaps.

The BMC has reissued a proposal seeking NGOs to help redesign and maintain city footpaths for better accessibility for differently abled citizens. The move aims to create safer, barrier-free pathways across Mumbai. This is part of a broader civic initiative to make public infrastructure more inclusive and pedestrian-friendly.

Mumbai's BEST has launched a new growth roadmap focused on boosting bus services near metro stations and railway hubs to improve last-mile connectivity. The plan includes deploying electric buses, adding new routes, and synchronizing schedules with metro timings to ease passenger flow and reduce traffic congestion in key zones.

The BMC has flagged 24 extremely dilapidated buildings located dangerously close to Mumbai's railway tracks. These structures pose safety risks to residents and commuters, especially during monsoon. Civic officials have notified railway authorities, stating that the responsibility for action lies with the concerned railways, while evacuation and demolition will be considered if required.

The UAE is witnessing a sharp rise in foreign-owned real estate firms following regulatory changes that now allow full ownership in key emirates. This shift is attracting investors from India, Russia, and Europe, spurring competition in property development and brokerage services, especially in Dubai and Abu Dhabi's high-growth zones.

Blue Water Logistics is set to debut on the NSE SME platform on June 3. The company's IPO has received strong investor interest, with a positive grey market premium (GMP) indicating strong listing gains. The firm, involved in logistics and warehousing, is among the growing list of SMEs tapping capital markets in 2025.

Westridge Investments plans to offload its entire 9.8% stake in Aptus Value Housing Finance through a block deal worth INR 1,495 crore. The deal is likely to impact Aptus' stock performance, with increased interest from institutional investors. Aptus focuses on affordable housing loans, primarily serving self-employed customers in southern India.

The National Company Law Tribunal (NCLT) has admitted Reliance Infrastructure Ltd. for insolvency resolution after Yes Bank filed a petition over unpaid dues. The resolution process will now be initiated under the Insolvency and Bankruptcy Code (IBC), affecting the company's various infrastructure and real estate-linked businesses, with implications for stakeholders and ongoing projects.

Kanakia Group has partnered with global investment firm Hines, Japan's TCRE, and Sumitomo Realty to develop a premium commercial project in Mumbai's Bandra Kurla Complex (BKC). The INR 12,825 crore office project will be developed on a 4.5-acre plot acquired from the Mumbai Metropolitan Region Development Authority (MMRDA), marking a major international collaboration in India's real estate market.

Mumbai recorded 11,565 property registrations in May, earning INR 1,062 crore in revenue. This reflects a 10% rise in registrations year-on-year, with central and western suburbs leading the numbers. The demand remains steady despite rising costs and interest rates.

Meenakshi Group plans to raise up to INR 700 crore for a real estate-focused AIF, contributing 20% as sponsor capital. The fund aims to invest in around eight deals over six years, signaling the group's growing focus on structured real estate investments. Source PTI

Nidec has launched a new INR 600 crore manufacturing plant in Karnataka's Dharwad-Beluru Industrial Area. Initially creating 800 jobs, the unit will produce high-capacity machines and EV components using international technology, with exports planned to the US, UAE, and Europe. A 20-acre battery unit is also part of the expansion under Karnataka's new industrial policy. Source PTI

Amit Shah has urged expanding AIF loans to PACS and linking them to the cooperative food grain storage scheme. He directed mapping of warehouses nationwide and sought coordination among FCI, NAFED, and state bodies. The move aims to boost PACS and financial strength, generate rural jobs, and support India's self-reliance goals. Source PTI

Punjab's cabinet has approved a land pooling policy offering landowners developed plots instead of forced acquisition. The plan begins with 27 cities, compensating farmers with INR 30,000 per acre during development. The Cabinet also increased CLU, EDC, and license fees by 10% annually from 2026 and announced a 15% discount for lump-sum plot payments. Source PTI

Reliance Infrastructure has settled dues of INR 92.68 crore with Dhursar Solar, nullifying insolvency proceedings filed by IDBI Trusteeship. The company plans to appeal to NCLAT to withdraw NCLT's insolvency admission order dated May 30, 2025. The case involved defaults on invoices for solar power supplies between 2017 and 2018. Source PTI

JNARDDC is establishing a demonstration plant to promote advanced recycling technologies for non-ferrous metals. The initiative, backed by the Mines Ministry, seeks to formalize and upgrade the sector. At a recent Hyderabad meeting, stakeholders discussed challenges and solutions. Recycling offers major energy savings and supports India's efforts toward climate action and lower carbon emissions. Source PTI

IHG Hotels & Resorts will launch a 150-key Holiday Inn Express & Suites in Pithampur, Madhya Pradesh, under a new management deal with Kevit Retreats. The hotel is expected to open in early 2028. The move supports IHG's expansion into key industrial locations, with 63 additional hotels planned across India in the coming years. Source PTI

The Punjab Cabinet has cleared a Land Pooling Policy ensuring no forced land acquisition. Landowners can retain control and will receive developed residential and commercial plots in return. Initially covering 27 cities, the policy promotes transparent urban growth. Minister Aman Arora refuted opposition claims and accused past governments of favoring land mafias. Source PTI