The Lucknow Development Authority (LDA) will conduct structural audits of ageing buildings in its jurisdiction to assess safety and stability. The decision comes amid rising concerns over building collapses. Experts will inspect structures and recommend repairs or demolition where necessary, with a focus on housing complexes over 30 years old.

The Uttar Pradesh government has acquired 13,500 acres for a new industrial city under the Bundelkhand Industrial Development Authority (BIDA). The move aims to boost investment and job creation in the region. The industrial city will focus on logistics, manufacturing, and warehousing, with land allocation planned in upcoming phases.

The Supreme Court has ruled that compensation for land acquisition should not be guided solely by market value but must ensure fairness through principles of equality, equity, and justice. The judgment underlines the need to consider the socio-economic impact on landowners, especially farmers and marginalised communities, when determining compensation.

The Supreme Court has directed the Delhi Development Authority to demolish illegal constructions in Okhla village, citing violations of land use and planning norms. Authorities have been asked to file a compliance report within four weeks.

The Jharkhand High Court has directed the state government to specify a timeframe for completing its long-pending land survey. Expressing concern over delays, the court emphasised that such inaction hampers land rights, planning, and development. The directive is part of an ongoing case highlighting administrative lapses in land records management.

The Bruhat Bengaluru Mahanagara Palike (BBMP) collected INR 1,417 crore in property tax during April 2025, its highest-ever monthly collection. The strong response is attributed to early-bird rebates and improved digital platforms. The civic body aims to sustain this momentum to fund urban infrastructure and civic services.

MHADA has called for faster redevelopment of 16,000 cessed buildings in south Mumbai, many of which are dilapidated. The authority is pushing for policy tweaks and incentives to speed up reconstruction and ensure resident safety.

Nexus Select Trust has acquired the MBD Neopolis mall in Ludhiana for INR 531 crore. This acquisition expands its presence in North India and strengthens its retail portfolio. The mall, with over 5 lakh sq ft of leasable area, adds a key asset to India's first retail REIT's portfolio.

The Bombay High Court has granted interim relief to developers and landowners challenging the imposition of GST on Joint Development Agreements (JDAs). Petitioners argued that GST levied on development rights was unconstitutional. The court's decision provides temporary protection against tax demands until further hearings are concluded.

The Noida Authority has initiated action to recover INR 277 crore in dues from Sikka Infrastructure. The builder failed to clear lease rent and interest on multiple projects. Authorities have directed the district administration to proceed with revenue recovery, signalling stricter enforcement amid growing concerns over builder defaults.

Andhra Pradesh's transition to a new town planning structure has led to delays in building approvals, affecting ongoing and proposed real estate projects. The shift from the previous DTCP system is creating coordination challenges across urban local bodies.

The US Federal Reserve held interest rates steady for the third consecutive time, citing persistent economic uncertainty fuelled partly by renewed tariff concerns linked to former President Trump's policy outlook. The Fed remains cautious despite easing inflation, signalling that a rate cut is unlikely in the near term.

Ludhiana's Local Improvement Trust is encouraging property owners to resolve disputes and settle outstanding dues through a one-time settlement scheme. The initiative aims to clear longstanding litigation and improve revenue recovery.

Mumbai's Chhatrapati Shivaji Maharaj International Airport suspended operations for six hours today for routine pre-monsoon runway maintenance. Airlines including IndiGo and Akasa Air issued advisories to passengers. The shutdown, from 11 AM to 5 PM, affected both runways and is a standard annual safety measure ahead of heavy rains.

Bengaluru property owners are questioning the legality of additional cess levied by the city's development authority. Several owners have filed appeals with the Karnataka High Court, alleging double taxation and lack of clarity in assessments.

Investors are awaiting the allotment status of Kenrik Industries IPO. The public issue, which saw strong retail interest, closed recently. Grey market premium (GMP) trends indicate moderate listing gains. Applicants can check status online through registrar portals and NSE/BSE links using PAN or application ID.

Hyderabad-based IT services firm MOURI Tech has refiled its draft red herring prospectus with SEBI for an INR 1,500 crore IPO. The fresh issue will support business expansion, technology upgrades, and debt repayment. The company offers enterprise solutions globally and plans to list amid favourable tech-sector investor sentiment.

Infinx Healthcare has acquired the healthcare revenue cycle management (RCM) division of i3 Verticals for USD 96 million. The acquisition strengthens Infinx's portfolio in AI-driven medical billing and coding services in the US market, enabling broader capabilities in the tech-enabled healthcare back-office solutions segment.

Lucknow Municipal Corporation has earmarked INR 500 crore for infrastructure development and smart city initiatives. The budget will support upgrades in roads, drainage, solid waste management, and digital systems to enhance urban living.

Private credit firms are stepping in to fund Hong Kong's struggling property sector, as traditional banks reduce exposure due to rising risks. With tighter credit norms and falling valuations, alternative lenders are launching new real estate-focused funds, betting on long-term recovery and distressed asset opportunities in the city's commercial market.

Bilateral goods trade between India and the UK surged 60% in eight years, with Indian imports from the UK nearly doubling during this period. Machinery, chemicals, and precious stones lead the trade segments. The data underscores strengthening economic ties ahead of a potential free trade agreement between the two nations.

Deutsche Bank's asset management arm DWS is in discussions with Japan's Nippon Life for a potential joint venture in India's asset management sector. The move comes as global firms eye India's growing mutual fund market. If finalised, the deal could reshape competitive dynamics in India's rapidly expanding financial services space.

The Karnataka government has put on hold plans to expand Bengaluru's civic area beyond the current 709 sq km under BBMP. The proposed inclusion of peripheral villages into the Greater Bengaluru Authority is deferred, with the state cabinet to decide on the Act's implementation date.

The Karnataka government's move to reduce the scale of the proposed Hebbal metro interchange project has raised concerns among urban planners and residents. The plan initially aimed to integrate multiple transit lines for better connectivity but has now been trimmed, potentially affecting future traffic management and urban infrastructure goals.

The Bombay High Court has directed the collector of suburban Mumbai to conduct a survey on IIT-Bombay's land in Powai following a PIL alleging illegal encroachments. The court has also instructed authorities to take action against any unauthorised occupants based on the findings. The PIL highlighted concerns over slum settlements on institute property.

The Noida Authority has asked the district administration to recover INR 277 crore in dues from developer Gardenia India Ltd. for its residential project in Sector 46. This follows repeated non-payment notices and financial discrepancies. The authority is invoking revenue recovery procedures to address the long-pending dues.

The Indian government has granted clearance to Elon Musk's Starlink to provide satellite-based broadband services in the country. Starlink must now obtain a Global Mobile Personal Communication by Satellite (GMPCS) licence and establish satellite gateways. This move could revolutionise internet access in remote and underserved areas across India.

The Noida Authority will provide space at subsidised rates to start-ups operating in IT, electronics, green energy, and other strategic sectors. This initiative aims to boost entrepreneurship, attract innovation-led companies, and utilise vacant government properties. A policy framework is under development to streamline the allocation and support ecosystem for budding businesses.

MHADA has announced a new housing lottery for Diwali 2025, with 5,000 affordable homes to be made available across Mumbai. The housing authority is finalising the list of locations and said that both completed and under-construction units would be included. The initiative aims to boost access to affordable housing in the city.

Bollywood actor Ajay Devgn has leased over 2,500 sq ft of office space in Mumbai's Andheri area, with a monthly rental of INR 5.47 lakh. The lease term is set for five years, with a 15% rent escalation clause every three years. The deal reflects continued demand for premium office locations in Mumbai.

India's residential property market witnessed a moderation in price growth in Q1 2025, according to a report by PropTiger.com. While overall momentum cooled compared to the previous quarter, cities like Bengaluru and Hyderabad continued to drive gains, supported by steady demand and ongoing project launches in key micro-markets.

MHADA has called on Nashik residents to form co-operative housing societies to qualify for various government housing schemes. The move aims to streamline beneficiary identification and ensure transparent allocation of benefits. Authorities stress that only registered societies will be eligible for schemes related to affordable housing and redevelopment.