Dalmia Bharat projects cement sector consolidation to surpass 60% capacity share for top players in two years, with demand expected to grow 7-8% in FY26. Despite price weakness in FY25, the company plans INR 3,520 crore investment in new capacity. Cement prices are beginning to recover, and industry growth is set to accelerate. Source - PTI
L&T Finance has entered the gold loan segment by acquiring Paul Merchants Finance's gold loan business, including 130 branches, 700 staff, and a portfolio worth INR 1,350 crore. This strategic move strengthens LTF's secured loan offerings. Separately, Poonawalla Fincorp launched a fully digital MSME loan product with instant approval and paperless onboarding. Source - PTI
NTPC has started commercial operations of 193 MW at its Nokh Solar PV Project in Rajasthan, part of its 3x245 MW solar initiative. This boosts its total commercial capacity to 80,708 MW on a group level and 59,606 MW on a standalone basis, reinforcing NTPC's push toward renewable energy development. Source - PTI
Greenpanel Industries has appointed Himanshu Jindal as CFO, effective June 2, 2025. With over 23 years of finance experience, he previously served in leadership roles at Orient Bell, DEN Networks, and others. He will report to MD & CEO Shobhan Mittal. Outgoing CFO Vishwanathan Venkatramani becomes President Finance Source - PTI.
Vertex Group plans to scale revenue from INR 250 crore to INR 1,000 crore in three years through AI, global expansion, acquisitions, and new business verticals. It will launch AI products, organise global expos, and drive inclusive hiring. The company is also targeting USD 40 million in FDI with its factory shop solution for global firms. Source - PTI
ACE Group unveils ACE Verde, a premium luxury residential project on the Yamuna Expressway, offering contemporary design, upscale amenities, and strategic proximity to the forthcoming Noida International Airport for modern urban living.
Arvind SmartSpaces has announced that 50% of its INR 1,000 crore capital expenditure will be directed towards real estate developments in Bengaluru, reinforcing its commitment to expanding in one of India's hottest property markets.
Japanese financial giant Mizuho is set to acquire India-focused investment bank Avendus from private equity firm KKR, valuing the business at approximately USD 700 million. The deal marks Mizuho's strategic expansion into India's growing financial services sector, enhancing its presence and capabilities in wealth management and investment banking.
The Adani Group aims to invest INR 17,500 crore in projects to expand Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) capacity by 29%. The expansion targets increasing annual passenger handling to 6.5 crore, positioning CSMIA to meet rising air traffic demand and enhance airport infrastructure over the coming years.
Maharashtra's Minister Awhad has stated that ongoing tunnel infrastructure projects in Mumbai will be developed without harming the environment. The statement emphasizes adherence to ecological safeguards, ensuring sustainable urban development alongside the city's growing transport infrastructure needs.
Tenants living in Pune's historic "wadas" are enduring unsafe conditions in dilapidated buildings while holding onto tenancy rights. Despite growing risks, stalled redevelopment and legal complexities continue to prevent these residents from accessing safer housing options.
The Lucknow Development Authority is set to begin its computerized lottery draw on June 10 for the allocation of 334 residential plots, aiming to ensure transparency and fairness in the plot allotment process across key housing schemes.
In a move to boost property tax collections, the Municipal Corporation of Delhi has launched 120 tax camps under its "Suniyo" amnesty scheme, encouraging defaulters to regularize dues through streamlined assistance and on-the-spot support.
G Square acquires an expansive 714-acre land parcel in Coimbatore to develop a landmark integrated township project, marking one of the regions largest and most strategic real estate investments in recent years
Domestic companies lead India's office leasing surge in 2024, driven by booming demand from tech, BFSI, and manufacturing sectors, challenging the long-standing dominance of global corporates in reshaping the commercial real estate landscape
Nisus Finance's Dubai-based subsidiary, will tokenize USD 500 million worth of global real estate assets, harnessing blockchain technology to enhance liquidity and open new avenues for investors in high-value property markets
In a move to improve public convenience, Karnataka�s weekend property registration drive recorded 823 registrations, highlighting the state's successful push for administrative efficiency and citizen-centric governance.
The Odisha High Court affirms exclusive civil court jurisdiction over land ownership disputes, aiming to curb administrative interference, uphold due legal process, and ensure fair resolution in property-related conflicts across the state.
The Lieutenant Governor of Andaman & Nicobar Islands has withdrawn the requirement for a "No Dues Certificate" in property registrations, a move expected to streamline processes, encourage transparency, and enhance the territory's appeal as a business-friendly destination.
The Telangana High Court has ordered the Greater Hyderabad Municipal Corporation to conduct a detailed review before proceeding with the demolition of a disputed structure in Begumpet, underlining the need for proper assessment and procedural fairness in tackling unauthorized constructions.
In a major urban planning initiative, GMADA has launched a 2,600-acre land acquisition drive in Mohali to tackle the unchecked growth of unauthorized colonies. The move aims to support structured development, provide regulated housing, and ensure long-term infrastructure planning in the region
After a two-year pause, the Hyderabad Metropolitan Development Authority (HMDA) has announced a fresh land auction in the sought-after Neopolis layout at Kokapet. The move reflects renewed real estate activity and investor interest in one of Hyderabad's fastest-growing premium localities.
The Chandigarh Municipal Commissioner has addressed persistent land acquisition and legal challenges hampering the Manimajra housing project. The intervention aims to accelerate project execution and resolve delays in providing housing under government schemes.
The Delhi Chief Minister has reaffirmed that no slum will be demolished without providing proper housing alternatives to affected residents. The promise seeks to ensure humane urban development while safeguarding the rights and dignity of low-income communities.
Guwahati Municipal Corporation has begun a citywide inspection drive to enforce mandatory rainwater harvesting systems in both new and old buildings, aiming to promote sustainable water management and reduce urban flooding.
The long-pending Sector 53 housing scheme in Chandigarh has hit another roadblock, with construction yet to begin due to escalating costs and contractor withdrawal, leaving allottees uncertain about delivery timelines.
Goa is poised to become the first Indian state to officially submit an Eco-Sensitive Zone (ESZ) plan to the Centre, taking a significant step towards balancing rapid urbanization with environmental conservation, especially around protected forests and wildlife sanctuaries.
The Telangana government has announced a significant metro expansion plan in Hyderabad, proposing fresh corridors, a direct airport connection, and multimodal transport hubs to ease congestion and support rapid urban growth.
In a major enforcement action, Gurugram civic officials dismantled over 50 unauthorized gates in posh neighborhoods like DLF Phase-2 and South City-1, citing traffic disruptions and violations of urban planning norms.
ARM Embedded Technologies has entered into a significant 15-year lease agreement for over 2.5 lakh sq ft of office space at Bagmane Solarium City in Bengaluru's Bagmane Park, signaling continued confidence in India's tech and commercial real estate sectors.
In a move to enhance transparency and eliminate irregularities, the Haryana government has made Aadhaar linkage mandatory for participating in e-draws under affordable housing schemes. This integration, now part of the department's online portal, aims to verify applicant authenticity and reduce duplicate or fraudulent entries, ensuring equitable access to low-cost residential units across the state.
To counter the surge in unauthorized constructions, the Gurugram administration has begun hosting weekly grievance redressal camps in upscale neighborhoods. The initiative aims to empower residents, monitor violations, and streamline enforcement against illegal building activities, particularly in areas like DLF phases and Sushant Lok, which have witnessed rampant unapproved developments.