AU Real Estate has launched a high-end residential project in Noida, developed in collaboration with NBCC. The project features super-luxury specifications aimed at premium buyers. Its strategic location and upscale design make it a notable addition to Noida's luxury housing market.

Experts suggest the Reserve Bank of India may reduce the repo rate by 25 basis points in its upcoming monetary policy review. The anticipated cut is seen as a growth-supportive measure amid stable inflation. A rate cut could positively impact housing loans and real estate demand.

Ranchi's real estate sector faces delays with 327 building plans awaiting Ranchi Municipal Corporation approval since January. These hold-ups hinder construction progress and new launches, raising concerns about timely housing supply in the city.

Karnataka is witnessing the expiry of over 2,600 real estate projects due to regulatory delays. This backlog raises concerns over project completions and market stability, prompting calls for more efficient approval mechanisms to support timely housing delivery.

Pharma industry leaders are increasingly investing in Mumbai's luxury flats, as demonstrated by a landmark INR 639 crore property deal. This trend highlights the sector's growing interest in premium real estate, signalling confidence in Mumbai's high-end property market.

Homebuyers should watch out for arbitrary payment clauses in builder agreements, which can cause unexpected charges or penalties. Thoroughly reviewing contracts and seeking legal advice can prevent financial surprises and ensure buyers are protected from unfair payment demands.

Mumbai's unsold luxury homes rose by 36% in Q1 2025, as per Anarock, ending a two-year downtrend. Slower sales and hesitant buyers are cooling demand in the high-end segment, prompting developers to consider new incentives to attract interest and avoid further inventory build-up.

IKEA is set to increase its local sourcing from India to 50% for global operations. This shift will enhance Indian suppliers' participation, create employment, and strengthen the country's manufacturing ecosystem, reinforcing India's position as a key player in IKEA's international supply chain.

India's construction equipment industry anticipates higher demand in FY25, spurred by above-normal rainfall and infrastructure push. ICEMA forecasts double-digit growth, following a 3% rise last year. JCB India had a record year, exporting over 10,000 machines. Stakeholders remain optimistic despite election-related slowdowns and emission norm transitions, with rural markets expected to drive momentum. Source - PTI

Adani Energy Solutions plans to raise up to INR 4,300 crore through QIP or other modes, as approved by its board on May 31. Kandarp Patel has been appointed as Whole-Time Director and CEO for three years, alongside the appointment of three Independent Directors Hemant Nerurkar, Amiya Chandra, and Chandra Iyengar. Source - PTI

Illegal gambling sites in India are drawing minors and vulnerable users through risky betting, tax evasion, and aggressive marketing, reveals CUTS International. Annual deposits are nearing USD 100 billion, with over 5.4 billion visits to top 15 platforms. These operators exploit regulatory loopholes and payment systems, raising serious concerns over addiction and financial harm. Source - PTI

Adani Group plans to invest USD 15-20 billion over five years after rebounding from major setbacks. It posted record earnings across ports, airports, power, and renewables. Key goals include 50 GW green energy, 140 MTPA cement capacity, and redevelopment of Dharavi. The group also saw strong growth in defence, smart metering, and data centres. Source - PTI

IOC will set up a 10,000 TPA green hydrogen unit at its Panipat refinery, marking India's largest such project. Slated for completion by December 2027, it will replace fossil hydrogen, reducing emissions. The initiative supports the National Green Hydrogen Mission and reinforces IOC's commitment to achieving net-zero carbon emissions. Source - PTI

ADB will invest up to USD 10 billion in India's urban growth over five years, covering metro projects, infrastructure, and capacity-building. It aims to drive private investment via the Urban Challenge Fund and support 100 cities' upgrades. ADB's urban portfolio already includes 27 loans worth USD 5.15 billion across 22 states. Source - PTI

Prestige Estates will launch 25 housing projects worth INR 42,120 crore this fiscal across top cities. Last year's sales dipped 19% due to delayed approvals, with profits down to INR 467.5 crore. However, price realisations rose sharply, reflecting strong demand momentum in the housing market despite lower sales volume. Source - PTI

Reliance Infrastructure aims to export INR 3,000 crore in ammunition by FY27, with INR 1,500 crore this year. Backed by a greenfield plant in Ratnagiri and a tie-up with Rheinmetall AG, the company is targeting EU and Southeast Asian markets and plans to emerge as one of India's top three defence exporters. Source - PTI

Gross GST collections rose 16.4% year-on-year to INR 2.01 lakh crore in May 2025, driven by a 25.2% surge in import GST. Domestic GST revenues grew 13.7%, with net collections at INR 1.74 lakh crore. Growth varied across states, and experts noted the rise was primarily import-led, not driven by domestic consumption. Source - PTI

NHAI Chairman Santosh Kumar Yadav inspected vulnerable highway stretches in Kerala's Thiruvananthapuram and Kollam districts, targeting stability and drainage concerns. He plans to meet Kerala's Chief Secretary to tackle development bottlenecks, improve coordination, and plan strategic actions for efficient progress of ongoing and future national highway projects. Source - PTI

Himachal Pradesh will develop 77 eco-tourism sites under the Eco Tourism Policy-2024 to promote sustainable travel and boost the local economy. The initiative includes eco-friendly activities, local guide training, and online bookings. This move aims to protect nature while enhancing tourism, which contributes 7.78% to the state's Gross State Domestic Product. Source - PTI

Commerce Minister Piyush Goyal met Total Energies CEO Patrick Pouyanne in Paris to discuss investment plans in India, with a focus on renewable energy collaboration. The meeting underscores India's commitment to attracting sustainable energy investments during Goyal's three-day visit. Source - PTI

Kotak Mahindra Bank has announced the promotion of Paritosh Kashyap to executive director, subject to approvals. Kashyap has led key sectors like real estate and debt capital markets. Deputy Managing Director Shanti Ekambaram will retire in October 2025, with the bank appreciating her over 30 years of service and leadership.

Genesys International posted a 27.5% rise in Q4 net profit to INR 18.94 crore, with fiscal year 2024-25 profit more than doubling to INR 56.22 crore. Revenue for the year increased 56.8% to INR 311.03 crore. The firm's India Map Stack platform is expected to drive innovation across multiple sectors.

Salasar Techno Engineering recorded a 30% rise in net profit to INR 19.31 crore in Q4 FY25, backed by a 32% increase in total income at INR 472.68 crore. The company's core operations span steel structure manufacturing and EPC services across telecom, energy, and railway infrastructure sectors.

Safex Chemicals has started operations at a new plant in Bharuch, Gujarat, to manufacture crop protection formulations. With an initial daily capacity of 30 tonnes for liquid products, scalable up to 80 tonnes, the facility will help meet increasing demand. It will also generate 300 new jobs, expanding Safex's global workforce.

EFC (I) Ltd saw its FY25 profit nearly double to INR 112.82 crore, with Q4 income more than doubling to INR 216.39 crore. The growth was supported by strong demand and its acquisition of Bigbox Ventures. With over 35 centres in seven states, EFC continues expanding its managed and design & build workspace offerings.

IndiGo will begin direct flights from Mumbai to Adampur, Punjab, from July 2, adding its 92nd domestic destination. The new route aims to support Punjab's agriculture and industry by improving port access in Mumbai and boosting trade. It also caters to business and leisure travel, strengthening IndiGo's domestic network from Mumbai.

Indian metal exports to the US worth USD 4.56 billion may take a hit as Trump plans to double import tariffs on steel and aluminium from June 4. GTRI warns the move could squeeze Indian exporters margins. India may respond with retaliatory tariffs under the WTO framework if the hike goes into effect.

Swan Energy reported a Q4 FY25 loss of INR 22.34 crore on lower income, compared to a profit last year. However, it recorded a 49% rise in FY25 profit after tax to INR 874 crore and raised INR 3,320 crore via QIP for debt reduction, marking its highest-ever revenue and profitability.

EFC (I) Ltd posted a 10% increase in Q4 profit to INR 30.81 crore, with income more than doubling to INR 216.39 crore. FY25 profit surged to INR 112.82 crore. Strategic acquisitions, including Bigbox Ventures, and rising demand for co-working spaces drove the strong performance, according to CEO Umesh Sahay.Source - PTI

Aparna Constructions is launching a new luxury project, Aparna Moonstone, in Gopanpally-Gachibowli, Hyderabad, with an investment of INR 2,525 crore. Spread across 22.28 acres, the development will offer 2,088 apartments. The project is part of the firm's integrated township and aligns with Hyderabad's growing demand for high-end housing.Source - PTI

Congress leader Harshwardhan Sapkal has demanded a judicial probe into major Maharashtra infrastructure projects, citing INR 3,000 crore corruption in two key tenders recently scrapped by MMRDA. He alleged irregularities in other projects as well, including the Samruddhi Highway and Pune Ring Road. The Supreme Court is hearing L&T's plea over its disqualification from bidding. Source - PTI

After declining for two years, Mumbai's unsold luxury housing inventory surged 36% in Q1 2025 to 21,000 units, according to Anarock. This rise is attributed to increased new launches in the premium segment. The city added over 6,800 new luxury units in the quarter, up from 3,960 a year ago, outpacing demand despite steady sales.