India Yamaha Motor has built a 12-classroom facility at a government school in Kancheepuram under its CSR efforts. The campus includes a computer lab, kitchen, restrooms, and solar power. Over the past four years, Yamaha has supported school infrastructure and digital learning in Kancheepuram and Tiruvannamalai, setting up modern labs in five schools.
NaBFID has signed a memorandum of understanding with the New Development Bank to co-finance sustainable infrastructure in India. The collaboration aims to support climate-resilient projects through international funding and technical expertise.
LDA is set to convert around 4,000 rented properties into freehold in several areas of Lucknow. This step will allow tenants to gain ownership rights, simplifying property dealings and aligning with urban reform measures. The initiative is part of efforts to improve transparency and legal clarity in property ownership.
Himachal Pradesh CM distributed land ownership certificates to 25 residents in Kinnaur under a land regularization scheme. The move legalizes long-term land occupation, offering beneficiaries formal ownership and supporting inclusive development goals in tribal regions.
Residents of Gurugram's Vatika G21s have appealed to authorities after the builder demolished their complex's boundary wall without notice. The act raised concerns over security and encroachment, prompting calls for urgent administrative action.
The Greater Hyderabad Municipal Corporation (GHMC) is planning to set up a dedicated tribunal to address the growing problem of unauthorized constructions. The initiative aims to fast-track complaint resolutions and enforce penalties, promoting stricter compliance with building norms.
Authorities in Gurugram have begun a study to identify mass transit gaps amid the development of the new metro corridor. The initiative aims to improve last-mile connectivity and integrate future infrastructure with existing systems for better urban mobility.
Centre mandates land, urban, and fiscal reforms for states to access INR 52,000 crore interest-free capex loans. Aimed at FY26 goals, INR 13,000 crore is reserved for municipal and property tax reforms, while the rest targets rural land digitization and digital agri-infrastructure development.
MHA has approved INR 25 crore to compensate 2,060 houses damaged by shelling post-Operation Sindoor. Fully damaged homes will receive INR 2 lakh, and partially affected ones INR 1 lakh. The funds follow PM Modi's announcement, with swift implementation by Home Minister Amit Shah in the Jammu & Kashmir and Punjab border regions.
SEBI has opened a settlement window from June 16 to September 16 for over 100 brokers linked to unauthorised algo trading platforms. Likely set at a uniform INR?1?lakh per case, the scheme targets brokers facing regulatory or tribunal proceedings. Those opting out will continue with full legal action .
Non-Mumbai developers such as DLF, Prestige Estates, and Kolte-Patil are entering Mumbai's real estate scene via redevelopment projects. Attracted by policy benefits and limited greenfield land, they're targeting the INR 3 lakh crore redevelopment pipeline. Though approvals are complex, Mumbai's high returns and redevelopment volume offer strong incentives for regional players to tap this opportunity.
Lenders have extended the resolution plan submission deadline for Jaiprakash Associates to June 24. The company is under insolvency with a debt exceeding INR 29,000 crore and was admitted to the process in April by the NCLT.
JM Financial has purchased 1.4 lakh sq. ft. of pre-leased office space in Mulund from Prestige Estates for over INR 200 crore, enhancing its commercial real estate assets in Mumbai.
Interior designer Gauri Khan has rented an apartment in Mumbai's Khar area for INR 1.35 lakh per month to accommodate staff during ongoing renovation work at Mannat, her family residence. The 1,500 sq. ft. unit is under a two-year lease with an annual 8% rent hike.
DLF has secured RERA approval for its latest luxury residential project, Privana North, in Gurugram. Located in Sector 76, the project will span 10.5 acres with four towers comprising over 700 units. Prices are expected to start at INR 4 crore. The launch marks DLF's continued expansion into premium real estate in NCR.
Over 200 PGs in Bengaluru have closed, with owners incurring 20-30% losses amid declining demand and rising costs. Regulatory issues and tenant preference for co-living spaces have worsened the situation.
Paranjape Schemes has partnered with India Housing and Unity Small Finance Bank to enhance affordable housing access in Maharashtra. The collaboration aims to simplify credit linkages for economically weaker sections under the PMAY scheme. The tripartite alliance is expected to facilitate quicker loan approvals and project execution.
Real estate firms are likely to sustain high capital expenditure in FY25, driven by strong pre-sales growth and a solid pipeline of new project launches. Leading developers are expected to benefit from consistent demand and better financials, enabling them to reinvest aggressively in land acquisition and project development.
RBI told the SC it has issued rules to monitor how real estate builders use loan funds, aiming to prevent misuse and protect homebuyer interests.
The Mumbai NCLT has approved a 90-day extension for Lavasa Corporation's corporate insolvency resolution process. The decision gives more time to evaluate resolution proposals and finalize a plan for the debt-ridden township developer. The case has been under insolvency since 2018, with several delays in resolution.
The Delhi Development Authority (DDA) has moved the Delhi High Court challenging RERA's jurisdiction, stating the authority has overstepped by issuing directions regarding its projects. The DDA claims that RERA's orders interfere with its statutory functions, triggering a legal conflict over regulatory boundaries in the capital's real estate sector.
Rudra Global Infra is developing a 3.3 MW wind project in Gujarat at an investment of INR 32 crore, expected to be operational by December 2025. With 75% bank funding secured, this will be the company's fourth turbine, raising its renewable capacity to 8 MW. It also plans to add 25-30 MW through future solar and green projects.
Amazon is investing USD 20 billion in two data centers in Pennsylvania, including one adjacent to a nuclear plant. Touted as the state's largest private investment, it's expected to boost construction employment and tax revenues. The state will provide incentives and workforce training support, while Amazon gains tax exemptions on equipment for the facilities.
SBI has paid a dividend of INR 8,076.84 crore to the government for FY25, up from INR 6,959.29 crore last year. It declared INR 15.90 per share as dividend and reported a record net profit of INR 70,901 crore, registering a 16% year-on-year growth. The cheque was presented to Finance Minister Nirmala Sitharaman. Source - PTI
Continental is investing INR 100 crore to expand its production of passenger and light truck tyres in India. The move targets high-performance and SUV tyres in line with market trends. The company also plans to launch its CrossContact AT2 all-terrain model, with operations continuing in Modipuram, UP. No timeline for the investment has been revealed. Source - PTI
Birla Estates has secured INR 420 crore from IFC to fund residential projects in Thane and Pune. The investment, made via two SPVs, will support 9.56 million sq ft of saleable area across both cities. Birla Estates will retain 56% ownership, with IFC holding 44%, aiming to boost sustainable, high-quality housing. Source - PTI
EcoYou by Ecoboard Industries has transformed 22 million tonnes of agro-waste into eco-friendly building material, generating USD 240 million in economic impact. With exports to Europe underway, the firm plans to expand production and deepen partnerships for ESG-driven construction. The initiative also helped avoid 116 million tonnes of CO? emissions and boosted rural livelihoods. Source - PTI
NHAI plans to launch a public InvIT to widen its investor base, including retail investors, for infrastructure asset investment. It will offer quarterly ToT bundles ranging from INR 2,000 crore to INR 9,000 crore, building on its private InvIT success. The move aims to attract diverse investors with benefits like stable returns and tax advantages. Source - PTI
Hiranandani Communities expects over INR 1,100 crore revenue from The Arena's first phase, a 600-unit project in Panvel's Hiranandani Fortune City township. With over 2,200 apartments delivered and high occupancy, the project benefits from Panvel's growing income levels and employment, attracting homebuyers seeking holistic residential options in the Mumbai Metropolitan Region. Source - PTI
IRB Infrastructure's toll revenue rose 9% to INR 581 crore in May 2025, led by strong contributions from the MP Expressway and Hyderabad's Golconda Expressway. The growth reflects increased vehicle traffic during the vacation season and new project completions. IRB remains India's largest private toll road developer with assets exceeding INR 80,000 crore. Source - PTI
Shaula Real Estates, linked to Godrej's family, purchased a duplex in Worli's luxury Naman Xana project for INR 225.76 crore. The 11,485 sq ft apartment, part of a 0.64-acre development due by 2027, marks a significant high-value transaction in Mumbai's real estate market, confirmed through registration documents seen by Square Yards. Source - PTI
Ayodhya's circle rates have surged by 30-200%, notably over 150% near the Ram Janmabhoomi Temple. Revised rates now reach INR 27,900 per sq. metre in prime zones, affecting stamp duty and land valuations. The update seeks to align with market trends, promote transparency, and reduce unaccounted property deals in the district. Source - PTI