Real estate experts have estimated the free-sale portion in Mumbai�s Dharavi redevelopment project at INR 140 million per square foot. This valuation underscores Dharavi�s growing prominence as a high-value real estate hub despite its historic slum status. The redevelopment is attracting significant investor interest, reflecting a broader trend of premium pricing in Mumbai�s redevelopment zones.

JSW Steel is considering Mongolia for coking coal sourcing to diversify supply, but faces logistical challenges due to the country's landlocked location. Transport routes via Russia and China remain constrained. While imports from traditional partners continue, the government is also assessing routes from Mongolia to reduce dependency and optimise steel production costs.

Nisus Finance reported a 35.5% rise in FY25 net profit to INR 32.58 crore, driven by income growth and strategic capital deployment. AUM jumped 55% to INR 1,572 crore, supported by robust deals across India and the GCC. The company also achieved four profitable exits with IRRs of 18-21%, reflecting its focused growth strategy.

Adani Ports raised INR 5,000 crore via a 15-year NCD issue from LIC at a 7.75% rate, its longest bond tenure yet. The funds may be used for a US dollar bond buyback. This move extends debt maturity and supports APSEZ's growth strategy, amid strong FY25 results and expanding port and logistics operations.

IHCL MD & CEO Puneet Chhatwal stated that high taxes and inadequate promotional budgets are limiting India's hospitality sector from creating global brands. Despite infrastructure status for 50 tourist sites in the Budget, he called for an additional push and industry status, citing the country's untapped tourism potential and growing middle-income travel market.

Ashok Leyland has bagged an order to supply 250 trucks to Patanjali Parivahan, with the first 25 units already delivered. Patanjali, operating a fleet of about 1,000 trucks, has partnered with Ashok Leyland to boost its logistics operations, marking continued trust in the manufacturer's commercial vehicle offerings.

Prestige Estates saw its Q4 net profit fall 82% to INR 25 crore, with annual income and profit also sharply declining. The company has also joined hands with Valor Group to build a 1.5 million sq ft commercial office project in Andheri West, Mumbai, valued at INR 4,500 crore, with equal investment from both parties.

Adani Energy Solutions has bagged a INR 1,600 crore interstate transmission project in Maharashtra through competitive bidding. Scheduled for completion by January 2028, the project includes 3,000 MVA substation capacity. With this, AESL's order book now totals INR 61,600 crore, and its transmission network spans 26,696 ckm and 93,236 MVA.

PM Modi dedicated the first unit of the INR 21,780 crore Ghatampur thermal power project in Uttar Pradesh. Comprising three 660 MW units, the project will reach 1,980 MW capacity once completed. Developed by NUPPL, a JV between NLC India and UPRVUNL, it promises reliable, affordable power with modern emission controls and assured coal supply.

Apollo Hospitals posted a 54% YoY rise in Q4 FY25 profit at INR 390 crore, with revenue at INR 5,592 crore. FY25 PAT rose 61% to INR 1,446 crore. The firm will invest over INR 8,000 crore in new hospitals across major cities, adding 4,300 beds. A final dividend of INR 10 per share was recommended.

ADB plans to lend India up to USD 4.5 billion annually, plus USD 1 billion in private sector support. The focus includes solar rooftop projects, urban upgrades, and rural development. The partnership aims to drive inclusive growth under the Viksit Bharat 2047 vision, with support for jobs, entrepreneurship, and manufacturing.

Around 300 families in Banashankari Layout, Bengaluru, face eviction following a Karnataka High Court ruling. The layout, developed on forest land, was declared illegal. Authorities are now preparing for eviction and demolition.

The Goa government has introduced a streamlined process to allow families living in the same home to get individual house numbers. This move will assist in property identification and facilitate smoother delivery of services.

Ranchi Municipal Corporation is taking action against PMAY beneficiaries who have defaulted on payments. Around 1,200 beneficiaries owe over INR 5 crore. The civic body has issued notices and may seize homes if dues remain unpaid.

The Karnataka government is preparing to impose taxes on unauthorized properties in rural areas. Draft guidelines will soon be released to formalize tax collection for such constructions, which currently remain outside formal records. This move aims to widen the rural tax base.

NBCC (India) reported a 2910% increase in its Q4 FY25 consolidated net profit at INR 231.34 crore, up from INR 7.68 crore the previous year. The total income grew 48.6% to INR 4,026 crore. The growth was driven by strong execution in PMC and real estate segments.

Mumbai's civic body clarified that property tax rates have not increased despite higher bills received by residents. The hike is attributed to revised capital values under Ready Reckoner rates, not a change in tax rates. BMC is issuing revised bills to correct the confusion.

County Group has invested INR 400 crore to acquire 133 acres in Wave City along NH-24 in Ghaziabad. The plan includes launching a low-rise plotted development project in the NCR region. The acquired land is fully licensed and equipped with basic infrastructure.

Prestige Estates Projects posted a consolidated net profit of INR 4,310 crore in Q4 FY25, a significant jump driven by the demerger of its commercial business into a REIT structure. Total income for the quarter stood at INR 2,953 crore. The board has recommended an 18% dividend. The company also launched 6.9 million sq ft across four cities.

Lagos, Nigeria, is developing a megacity project on reclaimed land, featuring luxury homes, offices, and waterfront spaces. Dubbed "Africa's Dubai," it aims to become a global investment hub for high-end real estate.

US-based Panattoni plans to invest USD 100 million in India's industrial real estate sector. The company will develop warehouses and logistics parks across key cities, including Mumbai, Bengaluru, and Delhi-NCR.US-based Panattoni plans to invest USD 100 million in India's industrial real estate sector. The company will develop warehouses and logistics parks across key cities, including Mumbai, Bengaluru, and Delhi-NCR.

Golden Growth Fund and Grovy India have announced a joint INR 180 crore investment for upcoming residential projects in Delhi. The developments will focus on premium housing and are expected to launch in the coming months.

Macrotech Developers' long-term credit rating has been upgraded, reflecting improved financial performance and strong cash flows. The upgrade signals investor confidence and strengthens the developer's future borrowing potential.

India's construction equipment sector grew 3% in FY25, reaching sales of 1.18 lakh units. Growth was slower than expected due to elections and project delays. Road construction and urban infrastructure were key growth drivers.

The Noida Authority has launched a drive against housing societies not complying with solid waste management rules. Several societies were issued penalties for failing to set up proper segregation and disposal systems.

Residents of the Kalinga Nagar housing project in Bhubaneswar have accused the builder of illegally occupying common areas. Complaints include encroachments and unauthorized construction. Authorities are investigating the matter.

The Mussoorie-Dehradun Development Authority (MDDA) is launching several residential projects to accommodate the growing population. These include multi-story apartments and plotted developments. The initiative aims to manage urban expansion and meet rising housing demand.

Prestige Estates and Valor Group will co-develop a commercial office complex in Andheri West, Mumbai, with a GDV of INR 4,500 crore. The project, spread across 21,978.22 sq meters, will offer 1.5 million sq ft of leasable space. Both firms will share equal interest, with Prestige investing INR 504 crore through a new SPV. Source PTI

Embassy Developments is considering selling a commercial project in Bengaluru, valued at INR 3,200-3,700 crore, as part of its asset monetization plan. The 3.3 million sq ft project may be offered to Embassy REIT. The company also posted a FY25 net profit of INR 193.63 crore, recovering from a loss last year. Source PTI

BMC stated that recent property tax hikes stem from revised ready reckoner rates, not an increase in tax rates. The update, delayed since 2020, reflects a legal five-year revision cycle. Solid waste management fees have been put on hold. Political leaders criticized the move, citing large dues from defaulters and added pressure on honest taxpayers. Source PTI

Telecom Minister Jyotiraditya Scindia stated that India could become the world's data capital within five years, driven by a digital-first economy and telecom growth. With 1.2 billion mobile users and 940 million broadband users, data prices have fallen 97% to INR 9 per GB, placing India's data costs at just 5% of the global average. Source PTI