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24 May 2026
• HCBS Developments Limited has partnered with Jindal Stainless to use ‘Jindal Infinity Stainless Steel Rebars’ in its Twin Horizon residential project in Gurugram.
• The rebars are being deployed for diaphragm wall and raft foundation applications due to their corrosion resistance and suitability for high groundwater conditions.
• The 5.29-acre project will comprise two residential towers with 268 housing units and seven commercial spaces.
• Architectural design for the project is being handled by Morphogenesis, while construction execution is being undertaken by Krishna Buildestates Private Limited.
• The developer said excavation and diaphragm wall work for Tower West has been completed, while similar work for Tower East is currently underway.Read more
24 May 2026
A delegation led by British Deputy High Commissioner G. Van Owen visited Amaravati to review the progress of the Andhra Pradesh capital city project and explore potential investment opportunities. During the visit, officials from the Andhra Pradesh Capital Region Development Authority (APCRDA) briefed the delegation on the city’s infrastructure plans, sustainability initiatives and ongoing construction activities. The team also toured key project sites including the government complex towers and riverfront development areas. Discussions further focused on investment potential across education, healthcare, tourism and urban infrastructure sectors, with officials highlighting that several institutions have already begun operations in Amaravati.Read more
24 May 2026
The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted a workshop focused on developing Amaravati as an accessible and inclusive capital city. The session brought together more than 80 architects, planners, engineers, consultants, accessibility experts and government officials to discuss universal design, inclusive infrastructure and barrier-free urban planning. Experts from institutions including LV Prasad Eye Institute, Surbana Jurong, DP Architects Singapore and Ekansh Trust shared global practices and practical solutions for accessible public spaces. The workshop also included an access audit exercise and discussions on creating equitable urban systems for people of all ages and abilities.Read more
24 May 2026
• Peripheral locations including Karjat, Neral, Panvel, Khopoli, Lonavala and Alibaug are witnessing increased residential and investment interest as Mumbai faces land scarcity and rising urban density.
• Developers are incorporating artificial water bodies, lagoons and landscaped water features into projects to attract buyers seeking nature-oriented and wellness-driven living environments.
• Industry stakeholders said improved infrastructure connectivity, lower-density development and larger land availability are encouraging both developers and investors to expand into these micro-markets.
• ORA Group stated that it is developing a man-made lagoon within its Karjat project as part of a broader waterfront residential concept.
• Real estate consultants said hybrid work trends and expanding physical infrastructure are expected to support long-term appreciation potential across Mumbai’s peripheral residential corridors.Read more
23 May 2026
Bengaluru’s residential real estate market is entering a new phase shaped by infrastructure expansion, changing buyer expectations and the emergence of multi-nodal urban growth patterns. Industry stakeholders indicate that the city’s housing demand is no longer being driven solely by the technology sector and office corridors, but increasingly by lifestyle preferences, sustainability considerations and long-term liveability. Demand for plotted developments and gated communities has strengthened amid growing preference for land ownership and lower-density residential formats. Infrastructure projects such as the Satellite Town Ring Road (STRR) and Metro Blue Line expansion are also reshaping investment patterns across emerging suburban locations including Bagalur and Yelahanka. Market participants further note that buyers are placing greater emphasis on regulatory transparency, environmental performance and integrated community ecosystems while evaluating residential projects.Read more
23 May 2026
James Hardie Industries reported a decline in its annual performance, with profit falling 8% for the year ended March 31. The company posted an adjusted net income of USD 595.7 million, compared to USD 644.3 million in the previous year. The result also came slightly below market expectations of USD 597.7 million. The fibre cement major cited adverse weather conditions that disrupted construction activity across key regions, along with ongoing inflation and affordability pressures that continued to weigh on housing demand. The overall environment remained challenging for residential construction-linked materials.Read more
23 May 2026
Uttar Pradesh Real Estate Regulatory Authority has directed banks and developers to ensure that homebuyers’ funds deposited in mandatory RERA escrow accounts are not used for assured return or guaranteed income schemes. The regulator said several developers were diverting project funds towards financial commitments unrelated to construction, affecting execution timelines and buyer interests. UP RERA stated that escrow funds can only be utilised for construction and land costs under the Real Estate (Regulation and Development) Act, and asked banks to strengthen monitoring and compliance with revised fund utilisation norms.Read more
23 May 2026
The Navi Mumbai Municipal Corporation has identified 504 dangerous buildings across its jurisdiction for 2026-27 following a department-wise structural survey conducted under Section 264 of the Maharashtra Municipal Corporation Act. Of these, 52 buildings have been classified under the highly dangerous C-1 category requiring immediate evacuation and demolition. The civic body has warned residents against continuing residential or commercial use of unsafe structures, especially during the monsoon season, citing risks to life and property. The complete list has been made available on the corporation’s official website along with category-wise details and occupancy status.Read more
23 May 2026
• Maharashtra inaugurated the 13-km Missing Link section of the Mumbai–Pune Expressway on May 1, reducing travel time between Mumbai and Pune by an estimated 30 to 45 minutes.
• Industry stakeholders stated that the project is expected to accelerate ongoing residential, logistics and commercial expansion across the Mumbai–Pune corridor, particularly in integrated township developments.
• Anex Advisory said the shift towards hybrid work over the past five years has already altered residential demand patterns, with more buyers considering permanent living options beyond Mumbai’s urban core.
• The report highlighted that faster inter-city connectivity, combined with infrastructure projects such as Navi Mumbai International Airport, metro expansion and the Mumbai 3.0 framework, is reshaping regional economic linkages.
• Developers and investors are increasingly viewing the Mumbai–Pune belt as a connected economic ecosystem rather than two separate urban markets, with implications for future real estate value creation.Read more
23 May 2026
• Institutional investors increased holdings in AI infrastructure, semiconductor, data centre and utility companies during the first quarter of 2026, according to SEC filings reviewed by Reuters.
• Companies such as Oracle, Arista Networks, Vertiv and Digital Realty saw strong institutional buying activity.
• Investors remained cautious on major technology firms within the “Magnificent Seven” group, including Meta and Microsoft, amid concerns over AI spending and growth sustainability.
• The software-as-a-service sector witnessed net selling pressure as investors assessed the possible impact of AI on traditional business models and profitability.
• Semiconductor stocks continued to attract strong investor interest, with more than 4,100 institutions either increasing holdings or initiating fresh positions during the quarter.Read more
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23 May 2026
• Inkers Technology has launched Kael, an AI-native construction intelligence platform aimed at improving project planning, monitoring and execution across the construction and real estate sectors.
• The platform combines predictive intelligence, operational analytics and consulting capabilities to help project teams identify risks, assess financial impact and reduce delays and cost overruns.
• Kael works alongside Observance, the company’s operational intelligence solution that uses computer vision, LiDAR and real-time analytics to create digital twins of construction sites.
• The company said the platform continuously analyses project data across schedules, drawings, reports and communication channels to deliver real-time decision support to project stakeholders.
• Inkers Technology stated that early deployments of the platform have helped project managers save up to three to four hours daily through automated reporting and real-time risk identification.Read more
22 May 2026
• Kerala’s new UDF government has decided to scrap the proposed SilverLine semi high-speed rail corridor project.
• The state cabinet has also decided to revoke land acquisition notifications and recommend withdrawal of cases filed against anti-project protesters.
• The project had faced prolonged opposition over land acquisition, environmental concerns and financial viability across multiple districts in Kerala.
• The proposed corridor was intended to improve north-south rail connectivity across the state through a dedicated semi high-speed network.Read more
22 May 2026
JK Lakshmi Cement reported a 28.67% year-on-year decline in consolidated net profit for the quarter ended March 2026, with earnings falling to INR 125.06 crore amid rising expenditure despite stable revenue growth. The company’s revenue from operations remained largely flat at INR 1,901.53 crore during the quarter, while total expenses increased 5%. Sales volumes, however, rose 8.3% to 3.89 million tonnes, indicating stronger dispatch activity. For the full financial year FY26, the cement maker recorded a 49.52% rise in consolidated net profit to INR 412.61 crore, supported by a 10.2% increase in total income. The company also flagged geopolitical tensions in West Asia, rupee depreciation and supply chain disruptions as potential risks to government capital expenditure and cement demand growth in FY27.Read more
22 May 2026
The Andhra Pradesh government has approved the allotment of 854.97 acres in Vizianagaram district to Reliance Industries for the development of a giga-scale artificial intelligence data centre and cable landing station project with a proposed investment of INR 1.08 lakh crore. The land has been allotted at a 25% discounted rate, according to a government order issued on Wednesday. The project site spans Polipalli, Bhogapuram West and Bhogapuram East villages, identified by the Andhra Pradesh Industrial and Infrastructure Corporation. Alongside the land allotment, the state government approved multiple fiscal and non-fiscal incentives, including subsidies, exemptions and waivers, for the proposed development. Authorities have also been directed to identify an additional acre for the cable landing station component of the project.Read more
22 May 2026
IRB Infrastructure Developers reported a 38% year-on-year increase in consolidated net profit for the quarter ended March 2026, with earnings rising to INR 296.25 crore despite a decline in operational income. The company’s total income from operations fell to INR 1,976 crore during the quarter, while expenses reduced significantly to INR 1,571 crore, supporting profitability growth. During FY26, the company recorded toll revenue of INR 8,323 crore, marking a 12% increase over the previous year. IRB also confirmed the operationalisation of the Ganga Expressway, resulting in all major projects within its portfolio becoming revenue-generating assets. Separately, the group’s private InvIT associate proposed transferring two assets in Maharashtra and Gujarat to the public IRB InvIT Fund through a non-binding offer valued at INR 4,663 crore.Read more
22 May 2026
Sindhudurg district in Maharashtra is set to become a new marine tourism hub with the development of India’s first underwater museum and submarine tourism project near Nivati Rocks along the Konkan coast. The project includes the submerged decommissioned naval warship Ex-INS Guldar, which will function as an underwater museum and artificial reef. Backed by central and state government funding, the initiative aims to boost adventure tourism, scuba diving and marine activities in the region. Officials expect the project to generate employment opportunities for local communities while promoting sustainable tourism and marine biodiversity conservation.Read more
22 May 2026
Nitin Gadkari reviewed the progress and quality of maintenance work across 4,178 km of National Highway projects in Assam during a high-level meeting held on Wednesday. The review was initiated following feedback and concerns raised through media and social media platforms regarding highway conditions and project execution. During the meeting, the Union minister directed officials to accelerate implementation work, strengthen monitoring systems and adopt modern construction practices to improve road durability and ride quality. He also instructed authorities to undertake advance monsoon preparedness measures, including drainage strengthening, slope protection and rapid response systems, to minimise disruptions and improve commuter safety across critical highway corridors in the state.Read more
22 May 2026
• Adani Ports and Special Economic Zone will acquire a 100 per cent stake in Jaypee Fertilizers & Industries Limited from Jaiprakash Associates Limited for INR 1,500 crore under the approved insolvency resolution plan.
• The acquisition includes control of Kanpur Fertilizers and Chemicals Limited, which owns around 243 acres of industrial and commercial land in Kanpur.
• APSEZ plans to develop a logistics park and warehousing facilities on the Kanpur land parcel to strengthen its North India logistics operations.
• The deal supports the company’s target of expanding its Multi-Modal Logistics Park network from 12 to 16 locations and increasing warehousing capacity fourfold by 2031.
• The NCLT approved the resolution plan earlier this year, while the NCLAT upheld the order earlier this month.Read more
22 May 2026
Bangladesh has approved a development budget of 3 trillion taka (around USD 24.59 billion) for the next fiscal year, marking an increase of more than 30 per cent over the current year’s allocation. The Annual Development Programme (ADP), cleared by the National Economic Council chaired by Prime Minister Tarique Rahman, will prioritise transport infrastructure, education, healthcare, agriculture, and climate-resilient growth initiatives. More than 63 per cent of the funding is expected to come from domestic resources, while the remainder will be sourced through foreign loans and grants. The approval comes amid concerns over Bangladesh’s external financing conditions following a recent outlook downgrade by Fitch Ratings and observations by the International Monetary Fund regarding data reliability.Read more
22 May 2026
• The Municipal Corporation of Delhi has extended the deadline for flattening the Okhla landfill for the fifth time.
• The revised timeline now pushes the expected completion to October 2026.
• The delay is mainly due to slow biomining progress and limited processing capacity of legacy waste.
• Operational challenges and seasonal disruptions, including monsoon impact, have also affected the pace of work.
• The landfill remains part of Delhi’s ongoing waste remediation programme across major landfill sites.Read more
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