1 minute ago

The Philippines has decided to continue its moratorium on new coal power projects, even as concerns rise over energy security due to geopolitical tensions. The government said existing approved projects and contracts are sufficient to meet current needs. Authorities are also reviewing older coal plants for possible retirement due to reliability and cost issues. The policy, first introduced to reduce carbon emissions and push clean energy adoption, remains unchanged. The move reflects a continued focus on balancing affordability, supply stability, and long-term sustainability in the country’s energy planning.Read more

31 minutes ago

Residents of Loliem in Goa have opposed a proposed multi-dwelling residential development, raising concerns over its scale, environmental impact, and implications for local infrastructure. The resistance was formalised through a gram sabha resolution passed recently, where villagers rejected a proposal involving multiple housing units, including a villa-based development. While the project has reportedly secured technical clearances, residents have asserted local authority over land-use decisions. The opposition reflects broader tensions in Goa’s coastal and peri-urban regions, where increasing development activity is being contested on grounds of ecological sensitivity, carrying capacity, and preservation of traditional village character.Read more

Nagpur News Desk

1 hour ago

The Nagpur Municipal Corporation’s eco-friendly property tax rebate scheme has recorded adoption of less than 1%, despite incentives aimed at encouraging sustainable building practices. The scheme offers tax benefits to property owners implementing measures such as rainwater harvesting and solar energy systems. However, limited awareness, procedural challenges, and compliance requirements have restricted participation. The low uptake highlights the gap between policy intent and on-ground adoption, raising concerns over the effectiveness of incentive-led sustainability measures in urban housing and real estate development.Read more

1 hour ago

Power Mech Projects has secured a contract from Indian Railways worth INR 227.95 crore, including GST, for setting up a maintenance depot for Vande Bharat Sleeper Trains in Karnataka. The project will be developed between Channasandra and Yelahanka stations under the engineering, procurement and construction (EPC) model. Awarded by South Western Railway, Bangalore, the work involves developing key infrastructure to support upcoming sleeper train operations. The execution timeline for the project has been set at 30 months, marking a structured development phase for the rail maintenance facility.Read more

2 hours ago

The Nashik Municipal Corporation has initiated action to cancel 26 tentative layouts as part of an ongoing probe into alleged violations linked to a MHADA housing irregularities case. The move follows findings by the land records department and investigations into non-compliance with mandatory Economically Weaker Section (EWS) housing norms. The action forms part of a broader crackdown involving police cases against developers and scrutiny of multiple housing projects. Authorities indicated that the cancellations are intended to address discrepancies in layout approvals and ensure adherence to planning and housing regulations.Read more

2 hours ago

Emlak Konut Gayrimenkul Yatirim Ortakligi AS has entered into a project agreement for the first phase of the Istanbul Eyupsultan Kemerburgaz development with a consortium comprising Kayasan, Fibey and Biroglu. The project is expected to generate total sales revenue of around 31.3 billion lira, with the company’s share estimated at 12.5 billion lira. The development is part of the company’s broader strategy to expand its residential portfolio in Istanbul, where demand for large-scale housing and mixed-use projects continues to remain steady.Read more

3 hours ago

Gurugram Police have arrested two individuals, including a director of CKC Infra Company, for allegedly defrauding investors through fake real estate projects in Gurugram and Noida. The accused reportedly used forged documents and false assurances to raise nearly INR 5.5 crore. The land shown to investors, particularly near Aparna Ashram, was under dispute and in government possession, making development impossible. The case also involves falsified agreements and diversion of funds. Authorities are continuing their investigation to trace more victims and examine the financial trail linked to the fraud.Read more

3 hours ago

Raysut Cement has approved the formation of a special purpose vehicle (SPV) to expand its presence in the energy and mining sectors. The move reflects the company’s strategy to diversify beyond its core cement business and explore opportunities linked to raw material security and energy efficiency. The development comes at a time when cement manufacturers are increasingly investing in captive resources and alternative energy to manage costs and improve operational stability. Raysut Cement has been actively exploring regional growth and vertical integration to strengthen its market position.Read more

4 hours ago

India’s peak electricity demand saw a slight easing over the weekend after touching a new record high a day earlier. The demand fell to 238.15 gigawatts as commercial and industrial activity slowed due to widespread closures. Supply levels remained close to demand, though a small shortfall was recorded. Data from the power authorities indicated that demand has been steadily rising compared to last year and is expected to increase further with rising temperatures. The India Meteorological Department has indicated a harsh summer, with higher use of cooling systems likely to push consumption higher in the coming weeks.Read more

4 hours ago

American Tower reported stronger-than-expected quarterly performance, supported by steady demand from telecom operators and rising data usage. The company increased its full-year 2026 guidance, reflecting continued investment in digital infrastructure driven by cloud adoption and AI-led workloads. Higher leasing activity and network expansion by major U.S. carriers contributed to revenue growth. With improved projections for property revenue and adjusted funds from operations, the company remains positioned to benefit from long-term structural demand across the telecom and data ecosystem.Read more

5 hours ago

A Delhi court has directed the framing of charges against the directors of Three C Shelters Pvt Ltd in connection with the delayed Greenopolis housing project in Gurugram. The case relates to allegations of cheating, forgery and criminal conspiracy raised by homebuyers, following a complaint registered by the Economic Offences Wing in 2017. Buyers claimed they were misled on delivery timelines and project progress. The project, developed with Orris Infrastructure, has remained incomplete for years, leaving many buyers under financial stress due to continued EMI and rental obligations.Read more

Visakhapatnam News Desk

5 hours ago

Google has started construction of its USD 15 billion AI data centre hub in Visakhapatnam, marking one of the largest foreign investments in India’s digital infrastructure. The project will be developed across multiple campuses with an initial capacity of around 1 gigawatt, scalable further. Built in partnership with AdaniConneX and Airtel’s Nxtra, the hub aims to strengthen India’s cloud and AI ecosystem. It is also expected to support local infrastructure, generate employment, and position Andhra Pradesh as a key destination for large-scale data centre developments.Read more

6 hours ago

Banks in Singapore, in coordination with the Association of Banks in Singapore (ABS), are strengthening oversight of risks linked to advanced artificial intelligence models, particularly emerging “frontier” systems. The move follows global concerns over cybersecurity implications of newer AI tools such as Anthropic’s Mythos model. Financial institutions are enhancing threat monitoring, incident response and intelligence-sharing frameworks to address potential misuse. Regional regulators have also begun reviewing safeguards as part of broader efforts to manage AI-related risks in financial systems. The development reflects growing institutional focus on balancing technological adoption with risk management in an increasingly digital banking environment.Read more

6 hours ago

The Goa government has initiated the conversion of existing outline development plans for Margao and Mormugao into GIS-based masterplans under the AMRUT 2.0 programme. The plans will cover approximately 82 sq km in Margao and 42.4 sq km in Mormugao, integrating land use, infrastructure, housing, transport and environmental data into a digital planning framework. The initiative, fully funded by the Union Ministry of Housing and Urban Affairs, aims to enable data-driven urban planning and improve governance in emerging urban centres. The process will involve detailed surveys and is expected to take over a year, marking a shift towards comprehensive and statutory planning for these cities.Read more

7 hours ago

Linkhome Holdings Inc has signed an agreement to acquire 100% of Mortgage One Group as part of its strategy to strengthen its real estate and fintech platform across the US. The move is expected to support nationwide expansion and improve its mortgage service capabilities. Mortgage One Group’s existing network and lending operations will complement Linkhome’s AI-driven model. The company has been focusing on integrating technology into property transactions, and this acquisition aligns with its long-term growth plans in digital real estate and financing solutions.Read more

7 hours ago

Pune Municipal Corporation has approved proposals for multiple new Metro routes aimed at improving connectivity across Pune’s peripheral areas. The approved corridors include stretches such as Khadakwasla–Donaje, Katraj–Khed Shivapur, Katraj–Undri, and Wagholi–Lonikand. These routes are intended to link emerging residential and peri-urban zones with the city’s core and future infrastructure networks, including the proposed ring road. The proposals will now be forwarded to Maha Metro for preparation of detailed project reports. The move comes amid rising demand for transport infrastructure in newly developing micro-markets and is expected to support urban expansion and mobility planning.Read more

8 hours ago

Lucknow Development Authority has announced the allotment of 498 residential plots under its Anantnagar housing scheme in Lucknow, to be distributed through a lottery system. The scheme forms part of a larger township development along Mohan Road, designed to accommodate future residential demand with planned infrastructure and amenities. The plots will be offered across multiple size categories, continuing the authority’s phased rollout of the project. The initiative follows earlier phases that witnessed strong applicant interest and is aimed at expanding access to plotted housing in the city’s developing corridors.Read more

30 Apr 2026

The Enforcement Directorate has provisionally attached assets valued at over INR 1,100 crore belonging to Raheja Developers, its promoters, and related entities in connection with a money-laundering investigation linked to alleged fraud against homebuyers. The action follows recent searches and stems from multiple FIRs filed by the Economic Offences Wing. The agency has alleged diversion of funds collected from over 4,600 buyers across residential projects. Raheja Developers has denied the allegations, citing a RERA-supervised forensic audit and attributing project delays to infrastructure gaps in Gurugram.Read more

30 Apr 2026

Western Railway’s Ratlam Division reported solar energy generation of 35.53 lakh units during FY26, resulting in estimated savings of INR 1.84 crore in electricity costs. The division has installed solar power systems with a cumulative capacity of around 3,300 kilowatts across stations, depots, and administrative buildings. The initiative forms part of broader efforts to reduce dependence on conventional energy sources and improve operational efficiency. Officials indicated that the expansion of rooftop solar installations will continue, contributing to cost optimisation as well as environmental objectives, including reduction in carbon emissions across railway infrastructure.Read more

30 Apr 2026

Shares of Nippon Express Holdings rose sharply after U.S.-based activist investor Elliott Investment Management disclosed a 5.04% stake in the company. The development led to a strong market reaction, with the stock gaining up to 15% before settling lower during the day. The move is part of Elliott’s broader push into Japanese companies amid ongoing corporate governance reforms. While the firm has not stated its intent, its past actions in Japan suggest a focus on improving shareholder returns and encouraging companies to sharpen their core business strategies.Read more

30 Apr 2026

Nitin Gadkari reviewed the progress and maintenance of National Highway projects in Karnataka and Kerala during a meeting held recently in New Delhi. The review covered 7,926 km of highways in Karnataka and 1,513 km across 61 projects in Kerala. The minister emphasised timely execution, adherence to quality standards, and the use of advanced construction technologies. Directions were also issued to ensure preparedness ahead of the monsoon season, including drainage planning and safety measures. The review follows feedback received through media and public platforms, highlighting ongoing monitoring of highway infrastructure across key southern states.Read more

30 Apr 2026

Allianz Global Investors has secured USD 270 million at the first close of its Asia Pacific-focused infrastructure private credit fund. The fund targets investments in renewables, digital infrastructure, transport, logistics, and environmental assets. Backed by institutional investors including the International Finance Corporation and Indonesia Investment Authority, the strategy focuses on senior and unitranche credit instruments tied to essential assets with stable cash flows. The initiative reflects rising institutional interest in infrastructure credit across Asia, supported by long-term demand for sustainable and core infrastructure financing. The fund is expected to reach its final close in 2027.Read more

30 Apr 2026

The Uttar Pradesh government is planning to develop the Ganga Expressway as an integrated manufacturing and logistics corridor, with investment proposals worth around INR 46,660 crore across 12 districts. The initiative involves setting up industrial nodes along the 594-km expressway connecting Meerut to Prayagraj. Spread across more than 6,500 acres, the planned clusters aim to boost manufacturing, warehousing, and logistics activity while reducing regional disparities. The project is expected to generate employment, improve freight movement, and support industrial expansion, positioning the expressway as a key economic growth spine in the state.Read more

30 Apr 2026

Thailand is pushing ahead with its long-pending Land Bridge project, valued at nearly USD 31 billion, as recent disruptions in the Strait of Hormuz highlight risks in global shipping routes. The plan involves linking two deep-sea ports across southern Thailand to create an alternative to the Malacca Strait. The government is expected to place the proposal before the cabinet soon and begin seeking investors, including Singapore. The project had earlier stalled due to political instability and incomplete clearances, but renewed geopolitical concerns and trade risks have brought it back into focus.Read more

30 Apr 2026

The Karnataka government has proposed a 10-year plan to redevelop the Hindustan Aeronautics Limited campus in Bengaluru into a large aerospace hub. Spread across about 700 acres, the project aims to integrate defence, civil aviation and space sectors into one ecosystem. The plan includes new infrastructure, a dedicated governance authority and a focus on emerging technologies such as air taxis and autonomous systems. It is currently awaiting central approval as the land falls under defence control. If cleared, the project is expected to generate significant economic activity and create large-scale skilled employment.Read more

30 Apr 2026

The Maharashtra government has moved closer to completing the acquisition of the Air India Building at Nariman Point, Mumbai, following the transfer of approximately INR 1,600 crore for the transaction. The deal, which has been under consideration for several years, involves taking over the landmark commercial property from Air India. The building, located along Marine Drive in one of Mumbai’s prime business districts, is expected to be repurposed for government use. The acquisition reflects the state’s strategy to consolidate administrative offices within key urban locations while utilising premium real estate assets in Mumbai’s central business district.Read more

30 Apr 2026

Taylor Wimpey has indicated that build cost pressures are likely to increase in 2026 due to rising energy prices linked to geopolitical tensions. The company noted that supply chain surcharges have started to emerge, revising its earlier expectation of low single-digit inflation. It now expects costs to rise in the low to mid-single-digit range. The update comes at a time when demand remains soft, prompting developers across the UK to cut land acquisitions and adjust construction volumes to protect margins.Read more

30 Apr 2026

The upcoming Missing Link project on the Mumbai–Pune Expressway is expected to enhance connectivity and reduce travel time between the two cities, bringing emerging locations such as Karjat, Neral, and Lonavala into sharper focus for real estate development. The infrastructure upgrade, alongside projects like the Mumbai Trans Harbour Link and Navi Mumbai International Airport, is contributing to the growth of the Mumbai 3.0 region. Developers and industry bodies indicate rising interest in plotted developments, villa projects, and second homes, supported by relatively lower land costs and improving infrastructure in peripheral markets.Read more

30 Apr 2026

Institutional investments in Indian real estate increased 26 per cent year-on-year to USD 1.6 billion during the first quarter of the current calendar year, according to a report by Cushman & Wakefield. However, inflows declined sharply by 52 per cent compared to the previous quarter, reflecting the impact of geopolitical tensions, including the West Asia conflict. Domestic investors accounted for the majority of capital deployment at USD 1.21 billion, continuing a multi-quarter trend of rising local participation. Delhi-NCR led investment activity, followed by Chennai and Bengaluru, indicating sustained interest in key office and commercial markets despite global headwinds.Read more

Mumbai News Desk

30 Apr 2026

The Maharashtra government has ordered an FIR in the INR 87 crore Borivali land compensation case involving alleged wrongful payout to a private builder. The land, owned by the Devrukhkar family and reserved for a public garden, became the centre of dispute after compensation was reportedly released based on questionable documents. Earlier reviews had flagged procedural lapses, with part of the amount already recovered. The case highlights issues in land acquisition processes, disputed ownership claims, and accountability of officials involved in approving and disbursing compensation.Read more

Hyderabad News Desk

30 Apr 2026

The Telangana government has appointed a new board for Hyderabad Metro Rail Limited (HMRL) as it prepares to take over the metro project from L&T Metro Rail Hyderabad Limited starting May 1. The move follows financial stress faced by the private concessionaire and ongoing discussions with lenders. Senior state officials have been inducted into the board to oversee operations and ensure continuity. The transition is part of the state’s effort to stabilise the metro system, protect public interest, and maintain services without disruption while working on a long-term resolution plan.Read more

30 Apr 2026

China Merchants Commercial Real Estate Investment Trust (CMC REIT) has revised the terms of its RMB4.1 billion (approx. INR equivalent) loan facility, adjusting both the tenure and interest structure. The trust has shortened the loan period to three years and fixed the interest rate at 2.8% per annum until a specified timeline. The move reflects ongoing financial restructuring efforts among real estate investment trusts to manage borrowing costs and align with market conditions. CMC REIT, which manages a portfolio of commercial properties in China, has been actively reviewing its capital strategy amid evolving economic and lending environments.Read more

30 Apr 2026

The Bihar government has approved the development of 11 greenfield satellite townships under a land pooling framework, aimed at enabling planned urban expansion without compulsory land acquisition. The initiative will return 55 per cent of developed land to original landowners while allocating the remainder for infrastructure and public amenities. A temporary ban on land sale, transfer, and construction has been imposed in identified zones to prevent speculative activity. The townships, spread across key cities including Patna, Gaya and Muzaffarpur, are intended to integrate residential, commercial and economic functions while supporting a transition from agrarian to urban-led growth.Read more

30 Apr 2026

ICICI Prudential Alternatives has acquired two Grade A office assets from RMZ Group in Bengaluru and Pune for approximately INR 2,600 crore, strengthening its presence in income-generating commercial real estate. The acquisition includes pre-leased office properties in key business districts, reflecting sustained institutional interest in stabilised assets with rental yields. The transaction is understood to have been executed through an office-focused investment fund, targeting long-term income streams amid strong occupier demand in major urban markets such as Bengaluru and Pune.Read more

30 Apr 2026

Cityvarasto Oyj has acquired a property company in Turku, Finland, from an international investor, strengthening its real estate portfolio. The deal includes leasehold rights to a land parcel of around 15,000 square metres along with seven buildings located on the site. The acquisition aligns with the company’s ongoing strategy of expanding its storage and logistics footprint across key Finnish cities. While financial details were not disclosed, the transaction reflects continued investor interest in Nordic real estate assets, particularly in segments supported by stable demand such as storage and light industrial spaces.Read more

30 Apr 2026

The Enforcement Directorate has provisionally attached assets worth INR 3,034 crore linked to companies under the Reliance Anil Ambani Group as part of its ongoing money laundering investigation. The properties include real estate holdings across Maharashtra and Gujarat, along with equity shares of Reliance Infrastructure. With this latest action, the total value of assets attached in the case has reached INR 19,344 crore. The probe relates to alleged bank fraud and diversion of funds, and continues to expand as the agency traces financial transactions and linked properties.Read more

30 Apr 2026

Leela Palaces Hotels & Resorts reported a significant rise in its financial performance for the latest quarter and full fiscal year, supported by higher operational revenue. The company’s net profit saw strong year-on-year growth, while expenses also increased in line with business expansion. Alongside its earnings, the firm has announced a small but strategic acquisition of BPBKC Properties Pvt Ltd to explore opportunities in hospitality and real estate. The move reflects a broader approach to diversify within asset-backed segments, even as the company continues to strengthen its position in the luxury hospitality market following its stock market debut last year.Read more

Mumbai News Desk

30 Apr 2026

A criminal case has been registered against four individuals for allegedly cheating around 80 buyers in a land fraud worth nearly INR 3.48 crore. The accused sold plots on assigned land that cannot be legally transferred, using fake documents and a fabricated layout. Buyers were promised early investment benefits and future approvals, but no sale deeds or possession were provided. Investigations revealed a pattern of misleading multiple investors through similar tactics. The case highlights ongoing concerns around illegal land sales and lack of due diligence in pre-launch real estate transactions.Read more

30 Apr 2026

Noida International Airport has received approval for its Aerodrome Security Programme from the Bureau of Civil Aviation Security, marking a key regulatory milestone towards the commencement of flight operations. The greenfield airport project in Jewar is now working with airlines and stakeholders to finalise a launch timeline. The approval confirms that required safety and security frameworks are in place, following recent management changes. The development is significant for the National Capital Region, where the airport is expected to support capacity expansion and regional connectivity.Read more

30 Apr 2026

Small Industries Development Bank of India has raised INR 30.25 billion through a bond issuance with a tenure of three years and three months, priced at a coupon rate of 7.61 per cent. The issue, concluded following a same-day bidding process, attracted participation from institutional investors and reflects sustained demand for high-rated debt instruments. The bonds carry AAA ratings from CARE Ratings and CRISIL, indicating strong credit quality. The fundraising forms part of SIDBI’s ongoing borrowing programme to support lending to micro, small and medium enterprises. The transaction also highlights continued activity in India’s corporate bond market, where financial institutions are accessing capital to diversify funding sources.Read more

30 Apr 2026

The Enforcement Directorate has carried out fresh searches at premises linked to Raheja Developers in Delhi-NCR as part of an ongoing money laundering investigation tied to alleged fraud involving homebuyers. The action covers around seven locations and relates to claims of non-delivery of flats in the Raheja Revanta project. The agency had previously conducted searches in the same matter in the past year. The developer has denied any wrongdoing, stating that funds have not been diverted and attributing project delays to lack of supporting government infrastructure. The case highlights continued regulatory scrutiny of delayed housing projects and developer accountability in the NCR market.Read more

30 Apr 2026

Lodha Developers is planning to invest around INR 10,000–11,000 crore to develop 1 gigawatt of data centre capacity in the Mumbai Metropolitan Region. The project will come up within its Palava township and follow a build-to-suit model for global operators. The company has already secured key clients and will fund the development largely through land monetisation. This move is part of its strategy to scale rental income and expand into digital infrastructure, alongside a larger 2.5 GW data centre park planned in the region.Read more

30 Apr 2026

Emira Property Fund Ltd has increased its holding in Octodec Investments by acquiring an additional 2.89 million shares in the past week. The purchase was made at an average cash consideration of ZAR 16.744 per share, as part of its ongoing voluntary offer. The transaction also led to a reduction in the number of shares still subject to the offer. The move aligns with Emira’s strategy to strengthen its position in Octodec, a real estate investment trust focused on retail and residential assets, while gradually increasing its influence within the company.Read more

30 Apr 2026

Tata Consultancy Services (TCS) has entered into initial agreements with Siemens Energy AG and Siemens Energy India to strengthen cooperation in IT services, industrial artificial intelligence, data centres, and emerging technology areas. The collaboration focuses on accelerating AI-driven transformation in industrial systems while also supporting the development of sustainable and resilient digital infrastructure. Siemens Energy India will also contribute to TCS’s HyperVault initiative, aimed at meeting rising energy requirements of AI-enabled data centres in India. The partnership brings together engineering capabilities and digital expertise to address evolving infrastructure demands.Read more

30 Apr 2026

IQE has raised USD 17.5 million (GBP 13 million) through a heavily discounted share sale as part of a broader GBP 81 million fundraising plan supported by MACOM Technology Solutions. The issue, priced at a 60 per cent discount, led to a sharp fall in the company’s share price. The wider funding structure includes equity investment, convertible loan notes, and reinvestment by existing noteholders. The transaction remains subject to shareholder approval and regulatory clearances, while also marking the conclusion of the company’s strategic review and strengthening its long-term supply partnership with MACOM.Read more

30 Apr 2026

The National Green Tribunal (NGT) has initiated fresh action on pollution in the Yamuna River and alleged illegal constructions along its floodplains, seeking responses from multiple government agencies. The matter relates to continued discharge of untreated sewage and encroachments in areas such as Mathura and Vrindavan, despite earlier tribunal directives. Authorities including central and state pollution control bodies and local civic agencies have been asked to explain compliance with past orders. The case highlights ongoing environmental concerns linked to river pollution and unregulated development, with implications for urban planning, land use and enforcement in ecologically sensitive zones.Read more

30 Apr 2026

Regal Hotels International Holdings Ltd has identified Goldenridge Worldwide Limited as the new purchaser for a proposed sale involving both shares and a related loan. The update indicates a change in the buyer for the transaction, which forms part of the company’s ongoing financial and asset management strategy. While financial details of the deal have not been disclosed, such transactions are typically aimed at improving liquidity and restructuring balance sheets. The development reflects Regal Hotels’ continued efforts to streamline its holdings and optimise capital allocation amid evolving market conditions.Read more

30 Apr 2026

Embassy Office Parks REIT has announced a distribution of INR 616 crore to unitholders for the March quarter, taking its total payout for FY26 to INR 2,396 crore. The company also disclosed plans to raise up to INR 9,000 crore through debt instruments. During the financial year, it recorded 6.4 million sq ft of leasing activity across 86 deals, supported by demand from global capability centres. Revenue from operations rose 13 per cent year-on-year to INR 4,582 crore, while net operating income increased 15 per cent. The REIT continues to expand its portfolio and strengthen its capital structure across key office markets.Read more

30 Apr 2026

All five flyovers at Bengaluru’s Central Silk Board double-decker corridor have become operational, completing a 3.2 km multi-level transport system designed to ease congestion at one of the city’s busiest junctions. Executed by Afcons Infrastructure Ltd as part of the Bengaluru Metro Phase 2A Blue Line project, the structure integrates road and metro infrastructure. The final two flyovers have enabled direct traffic movement between HSR Layout, BTM Layout and Ragigudda, reducing reliance on signal crossings. Authorities indicated that commuters could see travel time savings of up to 30 minutes. The project was constructed under significant space and traffic constraints, with limited working hours.Read more

30 Apr 2026

DP World has acquired a 49% stake in Reliance Industries’ multimodal logistics park near Chennai, expanding its presence in India’s logistics sector. The project at Mappedu is being developed as an integrated hub with road, rail and port connectivity to improve cargo movement and reduce costs. Spread across about 184 acres, the facility will handle multimodal freight and offer warehousing and value-added services. The deal builds on the existing partnership between the two companies and supports DP World’s broader plan to strengthen supply chain infrastructure in India.Read more