20 minutes ago

A joint venture led by Ceigall India has secured a contract worth approximately INR 918 crore for a key underground package of Jaipur Metro Phase II. Awarded in the past week, the project involves construction of tunnels and underground stations along the proposed corridor, forming part of the city’s metro expansion plan. The development is aimed at improving urban mobility and decongesting road networks in Jaipur. The contract win reflects continued investment in mass transit infrastructure, with execution expected to follow defined timelines under the metro authority’s expansion programme.Read more

50 minutes ago

The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the deadline for availing property tax rebates following slower-than-expected collections in the current cycle. The decision, taken in the past week, aims to encourage taxpayers to clear dues by continuing incentives for early payments. Officials indicated that the extension is intended to improve compliance and boost revenue mobilisation, which remains critical for funding civic infrastructure and services. The move reflects ongoing challenges faced by urban local bodies in achieving collection targets despite incentive-based mechanisms and digital payment initiatives.Read more

1 hour ago

Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more

1 hour ago

Lodha Developers Ltd has outlined plans to launch residential projects worth around INR 21,800 crore in the current financial year, spanning 15 million sq ft across the Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. The developer is also targeting a 17 per cent increase in sales bookings to INR 24,000 crore, following a year of steady growth. While overall housing demand has moderated after a strong cycle, the company highlighted continued performance driven by branded developers. Lodha reported improved financials in the previous year and indicated a calibrated approach to land acquisition, with a focus on enhancing free cash flow despite a substantial existing land bank and project pipeline.Read more

2 hours ago

India’s largest asset manager has reduced exposure to long-term government bonds and is shifting its debt portfolio towards shorter maturities amid expectations of persistent yield pressures. The firm believes liquidity conditions will support short-term papers, while inflation risks and global geopolitical tensions continue to keep longer-end yields elevated. A fund manager noted that 10-year bond yields are likely to remain above 7% over the next 6–12 months even if geopolitical tensions ease. Rising crude oil prices and inflation risks are also seen as key factors that may influence future rate actions and bond market direction.Read more

2 hours ago

The Maharashtra Real Estate Regulatory Authority has taken action against 8,212 housing projects for not updating their Quarterly Progress Reports within the mandated timeline. Out of 33,029 registered projects across the state, these cases of non-compliance have triggered show cause notices under the RERA framework. Developers have been given 60 days to respond and update records, failing which stricter measures may follow, including suspension or cancellation of registrations, penalties, and restrictions on sales and marketing activities. The move aims to strengthen transparency and protect homebuyer interests through timely disclosure of project details.Read more

3 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more

3 hours ago

Emlak Konut REIT reported total sales revenue of 29.9 billion lira from residential units and land sales during the first quarter of the year. The company sold 1,623 independent units, generating 24.3 billion lira in pre-sales value, excluding VAT. Additionally, 25 land plots were sold for 5.5 billion lira. Sales to foreign buyers remained limited, with 21 units sold for 305.8 million lira. The update reflects steady transaction activity, supported by both housing demand and land monetisation efforts.Read more

Ghaziabad News Desk

4 hours ago

The Ghaziabad Development Authority (GDA) has approved an investment of around INR 100 crore to procure high-reach fire safety cranes following a major residential fire in Indirapuram. The decision, taken in the past week, aims to strengthen emergency response capabilities in high-rise buildings, where existing equipment has limited reach. The planned cranes, capable of accessing significantly higher floors, are expected to address gaps highlighted by the recent blaze. The move forms part of a broader push to upgrade urban safety infrastructure in rapidly verticalising residential clusters across the National Capital Region.Read more

4 hours ago

Bagmane Prime Office REIT, backed by Blackstone, is planning to expand beyond Bengaluru into Chennai and Delhi as it prepares for its initial public offering (IPO) aimed at raising INR 3,405 crore. The REIT has projected a net operating income (NOI) of INR 2,675.8 crore for FY27, driven primarily by its Bengaluru office portfolio, including assets such as Bagmane Tech Park and Bagmane World Technology Centre. The IPO comprises a fresh issue of INR 2,390 crore and an offer-for-sale of up to INR 1,015 crore. While the current portfolio is concentrated in Bengaluru, the company indicated that it is evaluating growth opportunities in other major office markets. Revenue is projected to increase from INR 3,008.2 crore in FY27 to INR 4,424.9 crore by FY30.Read more

5 hours ago

Mortgage rates in the US saw a slight increase in the past week, ending a month-long decline, according to data from the Mortgage Bankers Association. The average 30-year fixed-rate rose to 6.37%, while overall mortgage applications dipped due to a sharp fall in refinancing activity. However, purchase applications recorded a modest rise, supported by improved housing inventory. Despite rates easing from recent highs linked to geopolitical tensions, borrowing costs remain elevated compared to pre-conflict levels. Lenders are observing slower-than-usual seasonal demand, even as the Federal Reserve is expected to maintain current interest rate levels for the near term.Read more

5 hours ago

The Nashik Municipal Corporation (NMC) has collected approximately INR 76 crore in property tax revenue in the early phase of the current financial cycle, supported by incentives offered for advance payments. Officials indicated that the response from taxpayers improved following the announcement of rebates for early settlement of dues. The civic body has been focusing on strengthening revenue collection mechanisms and encouraging voluntary compliance through structured incentives. The collections form part of NMC’s broader strategy to enhance municipal finances and support expenditure on urban infrastructure and service delivery across the city.Read more

6 hours ago

Real estate activity in the flexible workspace segment has seen fresh momentum, with Concorde leasing 1.4 lakh sq ft office space to BHIVE in Bengaluru, while The Executive Centre (TEC) has added 90,000 sq ft across Mumbai and Pune. The transactions, reported in the past week, highlight continued demand for managed office solutions from enterprises seeking scalable and flexible work environments. The Bengaluru deal marks a significant expansion for BHIVE in a key technology market, while TEC’s additions strengthen its presence in major commercial hubs, reflecting sustained occupier interest in premium flexible office formats.Read more

Bangalore News Desk

6 hours ago

The Bruhat Bengaluru Mahanagara Palike (BBMP) has issued property tax notices amounting to around INR 473 crore to various government departments and public sector entities for unpaid dues in Bengaluru. The action, initiated in the past week, targets state and central government properties that have either defaulted on payments or underreported tax liabilities. Civic officials stated that the drive forms part of efforts to improve revenue collection and enforce compliance across all property owners, including government bodies. The development highlights persistent gaps in municipal tax recovery and the financial strain on urban local bodies.Read more

7 hours ago

Tata Power and Keppel have entered into a collaboration with Tata Realty & Infrastructure to implement a large-scale cooling-as-a-service (CaaS) solution at Intellion Park in Chennai. The project, developed through Tata Power Trading Company and Keppel’s infrastructure division with Infopark Properties, covers a 25.27-acre IT campus in Taramani. It will have a total installed cooling capacity of 12,100 TR and is expected to become operational in October 2026 under a 15-year contract. The system is designed to improve energy efficiency and reduce overall consumption by around 20 per cent.Read more

7 hours ago

Co-working space operators across India are encountering increased regulatory scrutiny over Goods and Services Tax (GST) registrations, as authorities tighten compliance requirements for flexible workspace models. The issue centres on classification of services, multiple locations under single registrations, and the applicability of GST across shared office formats. Industry participants have reported delays and challenges in obtaining or maintaining registrations, particularly where business structures involve sub-leasing or managed office arrangements. The development comes at a time when co-working demand is expanding across major cities, raising operational concerns for operators navigating evolving tax interpretations.Read more

Kolkata News Desk

8 hours ago

The Kolkata Municipal Corporation (KMC) has begun issuing property tax bills for the 2026–27 financial year, incorporating early payment incentives to encourage timely compliance. Announced in the past week, the civic body has retained rebate provisions for advance payments while continuing with its unit area assessment system. The move aims to strengthen revenue collection and improve fiscal stability for urban services. Officials have also urged property owners to verify assessment details and clear dues within the stipulated timelines to avail benefits and avoid penalties, amid ongoing efforts to streamline municipal tax administration.Read more

Noida News Desk

8 hours ago

Noida International Airport is set to commence commercial flight operations from mid-June, establishing a new aviation gateway for the National Capital Region and western Uttar Pradesh. Announced in the past week, the launch will see initial services led by IndiGo, with other airlines expected to follow. The greenfield airport, developed as a large-scale infrastructure project, is designed to handle passenger and cargo traffic while easing congestion at Delhi’s existing airport. The operationalisation is expected to improve regional connectivity, support logistics growth, and drive real estate and economic activity across the Yamuna Expressway corridor.Read more

8 hours ago

Equinix has increased its full-year revenue guidance and expects stronger performance in the coming quarter, supported by rising enterprise spending on AI infrastructure. However, its recent quarterly results fell short of market expectations, leading to a decline in its share price. While demand for data centre services remains strong, especially from AI-led workloads, the short-term miss highlights some pressure on performance. The company also continues to expand globally, including a recent acquisition move in the Nordic region to strengthen its data centre portfolio.Read more

9 hours ago

The Supreme Court has reiterated its focus on ensuring delivery of homes to around 22,000 buyers affected by delayed Unitech projects. It has asked the government-appointed board, banks, and financial institutions to submit practical solutions to resolve the long-pending issue. Inputs have also been sought from homebuyers and land authorities. With total dues at about INR 14,129.85 crore and past concerns over fund diversion, the matter remains complex. The case, under review since 2016, is now moving towards a more structured resolution aimed at completing stalled housing projects.Read more

9 hours ago

Inorbit Malls has agreed to acquire two shopping malls from the Prozone Group in Chhatrapati Sambhaji Nagar and Coimbatore for approximately INR 1,300 crore. The transaction, announced in the past week, will add around 1.2 million sq ft of retail space to Inorbit’s portfolio. The acquisition forms part of Prozone’s ongoing asset restructuring and reflects sustained institutional interest in organised retail assets, particularly in Tier-2 cities with expanding consumption demand and improving economic activity.Read more

9 hours ago

India’s foreign direct investment (FDI) inflows have shown steady strength in the current financial year, crossing USD 88 billion during the April–February period of FY26. Officials indicated that total inflows are expected to reach around USD 90 billion by the end of the fiscal year. Government efforts such as policy reforms, expansion of free trade agreements, and overall economic growth have supported investor confidence. The country has also continued to remain an attractive destination for global capital in recent years, backed by its large market and improving business environment.Read more

10 hours ago

Mid-America Apartment Communities reported a marginal decline in its first-quarter core adjusted funds from operations, reflecting softer rental demand across key US housing markets. The company attributed this trend to rising apartment supply in cities like Austin, Memphis and Phoenix. Despite the dip, the REIT maintained a largely stable outlook for 2026, with only a minor adjustment to its earnings guidance. The performance highlights the ongoing supply-demand imbalance in certain residential markets, even as long-term fundamentals for rental housing remain steady.Read more

10 hours ago

IDBI Bank reported a 5 per cent decline in its net profit for the March quarter of FY 2025–26, even as its total income and core interest income showed growth. The bank’s profit stood at INR 1,943 crore compared to INR 2,051 crore in the same period last year, mainly due to lower operating profit. However, asset quality improved with a decline in gross non-performing assets, while capital adequacy strengthened further. For the full financial year, the bank recorded a healthy rise in net profit and steady improvement in income levels and balance sheet strength.Read more

Delhi News Desk

11 hours ago

The Delhi government is set to unveil a 97 km metro expansion plan under Phase V-B, aimed at extending connectivity to emerging urban clusters and improving last-mile access. Announced in the past week, the proposal includes multiple new corridors and extensions across the National Capital Region, with a focus on decongesting existing routes and supporting urban growth. The plan will be implemented by the Delhi Metro Rail Corporation (DMRC) and is expected to undergo approvals before execution. The expansion reflects continued investment in mass transit infrastructure to address rising commuter demand in the capital.Read more

11 hours ago

Shreeji Shipping Global Limited has acquired two mini bulk carrier vessels for a total cost of INR 55.66 crore, including GST, as part of its fleet expansion strategy. The vessels, with a combined capacity of 8,810.80 DWT, are designed for coastal operations and can access shallow ports. Full payment has already been completed, and delivery is scheduled shortly. The acquisition is expected to improve cargo movement efficiency, expand route access, and strengthen the company’s presence in India’s growing coastal shipping segment.Read more

12 hours ago

Starwood Capital Group has temporarily suspended redemptions in its USD 22 billion real estate fund following a strategic review, citing ongoing market pressures. The move comes after redemption activity reduced the fund’s net asset value by 6% over the past year. The company has also lowered its distribution rate and indicated it will explore capital raising and asset sales. The fund, launched in 2018, remains largely occupied and continues to hold a diversified portfolio. The decision reflects broader stress in private markets, including private credit, due to global uncertainty and tighter financial conditions.Read more

12 hours ago

Authorities in Belagavi have cancelled 31 unauthorised property identification numbers following the detection of irregularities linked to alleged collusion between officials and private entities. The action, taken in the past week, forms part of an ongoing probe into the issuance of property IDs without due verification. The move aims to address discrepancies in property records, strengthen administrative oversight, and prevent misuse of municipal systems. Officials have indicated that further scrutiny is underway, with additional cases likely to be examined as part of the investigation.Read more

13 hours ago

Power Grid Corporation of India has approved a plan to raise up to INR 4,000 crore through an unsecured rupee term loan or credit line from State Bank of India. The decision, cleared by the company’s board, is part of its funding strategy to support ongoing and upcoming projects. As India’s largest power transmission utility under the Ministry of Power, Powergrid continues to rely on institutional funding to strengthen its infrastructure network. The move reflects steady capital planning amid rising investments in transmission capacity across the country.Read more

13 hours ago

DHL reported better-than-expected operating profit for the latest quarter, supported by cost optimisation measures and effective capacity management amid geopolitical uncertainty. The company posted earnings before interest and tax of EUR 1.48 billion, exceeding market estimates, while maintaining its full-year guidance. Despite disruptions linked to conflict in the Middle East and rising fuel costs, DHL indicated that the impact on operations remained limited. Organic revenue grew 2 per cent, though at a slower pace year-on-year, reflecting moderated demand conditions and evolving global trade dynamics.Read more

Delhi News Desk

14 hours ago

The Delhi Development Authority (DDA) has extended the payment deadline for allottees of flats under its Towering Heights housing scheme until the end of June, following requests from buyers seeking additional time to complete formalities. Announced in the past week, the extension applies to successful applicants who were required to deposit payments within a stipulated period after allotment. The move is aimed at improving conversion of allotments into final ownership, reducing cancellations and supporting buyers facing financial or procedural delays, while maintaining momentum in the authority’s housing delivery programme.Read more

14 hours ago

Lazard has agreed to acquire private equity advisory firm Campbell Lutyens for around USD 575 million, as part of its strategy to expand in private capital advisory. The deal will lead to the creation of a new division, Lazard CL, combining capabilities across fundraising, secondary advisory, and capital advisory in sectors such as infrastructure, private credit, private equity, and real estate. The transaction also includes a potential additional payout of up to USD 85 million based on performance. The move is expected to strengthen Lazard’s long-term growth strategy and contribute positively to earnings from 2027 onward.Read more

15 hours ago

The Haryana government has approved a new land pooling policy aimed at enabling planned urban expansion while reducing dependence on compulsory land acquisition. Cleared in the past week, the policy allows landowners to voluntarily pool their land for development, with a share of developed plots returned after infrastructure provisioning. The framework is expected to support urban growth in key regions, improve land assembly for large projects, and align infrastructure development with master planning. The initiative reflects a shift towards participatory land development models in fast-growing urban centres across the state.Read more

15 hours ago

Entergy has increased its four-year capital expenditure plan by around 33% to USD 57 billion, largely driven by rising demand from Meta’s data center expansion in Louisiana. The utility will build multiple gas-based power plants to support these projects, while also seeing strong growth in industrial power consumption. Higher data center activity has boosted sales and profits, though debt and operating costs have also increased. The company maintains that new regulatory structures will ensure data centers bear higher costs, potentially easing the burden on regular consumers.Read more

16 hours ago

Rajasthan Metro Rail Corporation Limited (RMRCL) is set to issue the work order for Jaipur Metro Phase II shortly, marking a key shift from approvals to execution. The project, approved by the Union Cabinet, has an estimated cost of INR 13,037.66 crore and will cover around 41 km with 36 stations. Civil tenders have already seen strong participation, and initial packages are in advanced stages. The corridor is expected to improve connectivity across key industrial, residential, and commercial areas while supporting long-term urban growth and easing traffic pressure in the city.Read more

16 hours ago

Adani Ports and Special Economic Zone reported a 9.43 percent rise in its consolidated net profit for the March quarter of FY26, supported by higher overall income. The company posted a net profit of INR 3,308.30 crore compared to INR 3,023.10 crore in the same period of the previous year. Total income increased significantly to INR 11,489.45 crore from INR 8,769.63 crore, while expenses also moved up to INR 7,937.66 crore. For the full FY26 period, net profit stood at INR 12,782.03 crore versus INR 11,061.26 crore in the prior year.Read more

17 hours ago

The Department of Town and Country Planning (DTCP), Haryana, has initiated a statewide audit of infrastructure works and fund utilisation following directions from the Punjab and Haryana High Court. The exercise, launched in the past week, will review development works undertaken by private developers, including utilisation of collected funds for internal and external infrastructure. The audit aims to assess compliance, identify irregularities, and ensure that infrastructure obligations linked to licensed colonies are being met. The move is expected to strengthen regulatory oversight and accountability across urban development projects in the state.Read more

17 hours ago

Strata has exited an industrial asset in Bengaluru through a transaction valued at approximately INR 35 crore, completing a profitable investment cycle. The exit, executed in the past week, reflects continued investor interest in income-generating industrial and warehousing assets. The transaction underscores the growing role of fractional ownership platforms in facilitating entry and exit opportunities for investors, while highlighting sustained demand for Grade A industrial real estate in key logistics and manufacturing hubs.Read more

18 hours ago

Vulcan Materials reported a strong first-quarter performance, supported by steady demand for construction materials like crushed stone, sand, and gravel. Growth was driven by increased spending on public infrastructure, data centres, and energy projects. The company also benefited from favourable weather conditions across key markets, which supported higher shipments. Despite challenges such as rising energy costs and geopolitical pressures, Vulcan exceeded market expectations on both revenue and profit. Its performance reflects continued momentum in construction activity, especially in public sector projects.Read more

18 hours ago

North Western Railway has received a record allocation of over INR 10,000 crore for the current financial year, marking a sharp rise in investment compared to the past decade. The zone has delivered strong operational performance, with over 18 crore passengers and record freight loading of 30.53 million tonnes. Ongoing projects worth more than INR 55,000 crore are under execution, focusing on track expansion, doubling, signalling, and station upgrades. The increased funding is expected to improve connectivity, support economic activity, and accelerate infrastructure development across Rajasthan.Read more

19 hours ago

Apartment prices across seven major Indian cities increased in the recent January–March period, rising between 8–20 per cent on a year-on-year basis, driven by higher input costs and stronger demand for premium housing. Apartment sales also grew 8 per cent to 70,631 units compared to the same period last year, while new supply increased 13 per cent. Demand remained stronger in the higher price segment above INR 1 crore, even as affordable housing sales declined. Market participants noted that while demand remains steady, buyers are becoming more selective amid cost pressures and economic uncertainty.Read more

19 hours ago

The development of climate-resilient road infrastructure in the Himalayan region continues to face challenges due to unstable slopes, difficult terrain and frequent natural disasters. The Union road transport and highways minister highlighted that multiple measures are being implemented using global best practices and advanced technologies. These include partnerships with institutions such as THDC India Limited, the Geological Survey of India and the National Institute of Rock Mechanics for landslide management, geological studies and tunnel safety. Real-time monitoring systems, early warning tools and improved survey techniques are also being integrated to strengthen long-term infrastructure safety in hilly regions.Read more

20 hours ago

Bondada Engineering Ltd has secured orders worth INR 125.30 crore for a 75 MW solar project in Gujarat. The contracts, awarded by Adani Group entities, involve supply and installation of Balance of System (BOS) components at the Khavda renewable energy park in Kutch. The company expects to complete execution within three months. With this addition, its cumulative executed capacity with the Adani Group has reached 725 MW. The order strengthens its growing presence in solar EPC services and improves short-term revenue visibility.Read more

04 May 2026

A Mumbai Police constable died after a piling rig collapsed at an under-construction flyover on the Sion–Panvel Highway in Mankhurd. He was riding home after duty when the machine fell onto the road and crushed his motorcycle. Initial findings point to possible instability of the ground and lapses in safety measures at the site. A case has been registered against the contractor and others involved. The incident also caused heavy traffic congestion in the eastern suburbs, raising fresh concerns over on-site safety at infrastructure projects.Read more

04 May 2026

Central Railway has demolished 45 illegal structures at Wadi Bunder in Mumbai to fast-track a proposed Vande Bharat train maintenance facility. The action followed court approval and cleared long-standing encroachments, including a two-storey structure near Hancock Bridge. The land is part of the Wadi Bunder yard, where initial work had already begun but was delayed. The upcoming depot will include multiple stabling lines for parking and servicing trains, supporting the increasing number of Vande Bharat services and improving maintenance capacity in the city.Read more

04 May 2026

Naturgy reported a steady rise in its quarterly performance, supported by higher power generation and expansion in its network business. While overall revenue declined, it remained above market expectations, and core earnings showed improvement. Increased gas prices, influenced by global supply disruptions, helped boost earnings without affecting procurement. The company also strengthened its renewable portfolio and continued investments in infrastructure. Alongside this, Naturgy announced a higher dividend payout for 2025. However, its shares saw a slight dip, and future regulatory changes around LNG imports from Russia remain an area to watch.Read more

04 May 2026

Authorities are moving ahead with repair work on the Yamuna Pushta Road to improve traffic movement as the upcoming Noida International Airport is expected to increase vehicle flow in the region. The stretch, which runs parallel to the Noida Expressway, is being strengthened to act as an alternative route and reduce congestion. The plan includes resurfacing damaged sections, improving connectivity gaps, and preparing the road for higher capacity usage, supported by parallel infrastructure projects being developed across Noida and Greater Noida.Read more

04 May 2026

Single-family housing starts in the US rose sharply to a 13-month high in March, reflecting a short-term boost in construction activity. However, a drop in building permits and weak builder confidence suggest that this momentum may not sustain. Rising mortgage rates and higher material costs have continued to impact the sector. While multi-family construction also showed growth, permits declined significantly. Economists expect residential investment to remain under pressure, even as overall economic growth is projected to improve modestly in the first quarter.Read more

04 May 2026

The Thane Small Scale Industries Association (TSSIA) has stated that the Maharashtra government has formed a committee to examine the applicability of electricity duty on rooftop solar (RTS) consumers and the implementation of Grid Support Charges (GSC). The association had raised concerns with the state authorities earlier this week, highlighting that GSC could create an additional financial burden on industrial users and slow down rooftop solar adoption. The newly formed committee will assess issues related to self-consumption, net metering, and duty structures linked to GSC as approved by MERC.Read more

04 May 2026

Sberbank has revised Russia’s 2026 GDP growth forecast downward to 0.5%–1% following a weak first quarter. The slowdown was driven by high interest rates, increased taxes, a strong rouble, and subdued oil prices, which led to an economic contraction at the start of the year. Key sectors such as mining, manufacturing, and construction showed poor performance, while consumer spending also declined. The bank now expects inflation to remain elevated at 6%–6.5%, higher than the central bank’s earlier estimates, indicating continued pressure on the overall economic environment.Read more