Mumbai News Desk

20 May 2026

• BMC has revived the long-pending Mahim–Bandra East flyover project to reduce congestion along the Western Express Highway and nearby arterial roads.
• The proposed INR 220.17 crore flyover will connect Fishermen Colony in Mahim to Bandra East near the Kalanagar flyover through an elevated corridor over the Mithi River.
• The project had remained stalled for nearly three years after failed tenders in 2022 and 2023, and is expected to improve connectivity between Mahim, Bandra East, SV Road, the Bandra-Worli Sea Link and WEH.Read more

Mumbai News Desk

19 May 2026

The Dharavi Redevelopment Project authorities have clarified that eligibility for rehabilitation of upper-floor occupants in Dharavi will depend on the eligibility status and documentary records of the corresponding ground-floor structures. The clarification comes amid ongoing surveys and scrutiny of residential and commercial units under the large-scale redevelopment initiative in Mumbai. Officials stated that upper-floor tenements constructed above ground-floor units would not be treated as independently eligible unless supported by valid documentation tied to the original authorised structure. The decision forms part of the broader verification process being undertaken by authorities to identify eligible beneficiaries for rehabilitation housing. The redevelopment project, being implemented through a special purpose vehicle with participation from the Maharashtra government and private developers, involves one of the country’s largest urban renewal exercises covering densely populated informal settlements and mixed-use structures across Dharavi.Read more

19 May 2026

• Signature Global plans to invest around INR 3,500 crore during FY27 towards land acquisition and construction activities, primarily in the Gurugram region.
• The company has earmarked nearly INR 2,000 crore for construction and INR 1,000-1,500 crore for land purchases as it expands its residential and commercial portfolio.
• Chairman Pradeep Aggarwal said the Gurugram housing market witnessed some softness during the second half of FY26 but expressed confidence about demand recovery this fiscal year.
• Signature Global has set a sales bookings target of INR 10,000 crore for FY27, reflecting an expected 21% annual growth supported by new project launches and existing inventory sales.
• The company recently partnered with Italian lifestyle brand Tonino Lamborghini for a luxury housing project in Gurugram with an estimated investment of nearly INR 2,900 crore.Read more

19 May 2026

The Amaravati Development Corporation has stepped up flood control and canal modernization works ahead of the monsoon season. ADC Chairperson and Managing Director D. Lakshmi Parthasarathy inspected key bridge and canal works linked to Kondaveeti Vagu and Palavagu across several parts of Amaravati. During the inspection, officials were instructed to prevent soil accumulation near bridge pillars and improve water flow capacity in vulnerable areas. Concerns were raised over incomplete excavation depth near the Western Bypass, following which ADC coordinated with National Highways officials for corrective measures. Canal modernization works in nearby villages are also being expedited to strengthen drainage infrastructure.Read more

19 May 2026

The Mumbai Metropolitan Region Development Authority has completed a major phase of a foot over bridge project connecting Brahmand Junction and the Tikuji Ni Wadi Metro Station on Ghodbunder Road. Executed under difficult site conditions with an operational Metro viaduct overhead and heavy traffic movement below, the project involved the installation of four large steel girders measuring nearly 60 metres each. The operation required heavy-duty cranes, multi-axle carriers, and a team of over 60 engineers and workers. The authority said the work reflects the growing focus on integrated urban transport infrastructure and safer pedestrian connectivity in the Mumbai Metropolitan Region.Read more

19 May 2026

• City and Industrial Development Corporation (CIDCO) and Africa India Economic Foundation (AIEF) have signed an agreement to establish a Special Purpose Vehicle (SPV) for the proposed Africa India International Development Zone in Navi Mumbai.
• The project will be developed on a 20-acre land parcel within the International Corporate Park at Kharghar and aims to strengthen India-Africa trade and investment engagement.
• Under the approved structure, AIEF will hold a 74% stake in the SPV, while CIDCO will retain the remaining 26%.
• The proposed development will include office spaces for 54 African nations, a convention centre, cultural retail facilities and diplomatic infrastructure linked to trade and business engagement.
• Maharashtra government officials stated that the project is expected to become operational within five to six years and will benefit from proximity to the upcoming Navi Mumbai International Airport and JNPA port.Read more

Mumbai News Desk

19 May 2026

• Demolition and evacuation work has commenced at Haji Noorani Chawl in Prabhadevi, removing a key obstacle for the Sewri-Worli Elevated Corridor project.
• The structure was among the final pending land clearances required for the Mumbai Metropolitan Region Development Authority’s east-west connector.
• Residents have begun shifting to rehabilitation units after prolonged discussions over alternate accommodation, compensation and possession-related concerns.Read more

19 May 2026

• Himachal Pradesh Chief Secretary Sanjay Gupta has directed the State Vigilance and Anti-Corruption Bureau to investigate alleged irregularities linked to real estate projects registered under the state’s RERA framework.
• The investigation will examine Joint Development Agreement (JDA) projects and possible violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts land purchases by non-agriculturists.
• Authorities have been given 15 days to submit relevant records and documents relating to project approvals, promoter financial capability assessments and land transactions.
• The order follows allegations surrounding land agreements between local farmers and non-agriculturists, alongside concerns over whether regulatory due diligence requirements were adequately followed by the state’s RERA authority.
• The development comes amid heightened scrutiny of real estate regulation in Himachal Pradesh, including ongoing legal and political attention around land transactions and RERA functioning in the state.Read more

19 May 2026

Spanish real estate company Merlin Properties reported an 11.4% year-on-year rise in its core profit for the first quarter, supported by strong occupancy across its office, retail and logistics portfolio. The company posted EBITDA of EUR 113.6 million, compared to EUR 102 million in the same period last year. While occupancy dipped slightly to 95%, it remained stable at high levels. Merlin also continued to expand its data centre business, which currently contributes a small share of rental income but is expected to become a major revenue driver by 2030.Read more

19 May 2026

• The Jharkhand government has launched an online portal to facilitate the regularisation of unauthorised residential buildings across urban areas of the state under the Jharkhand Unauthorised Constructed Building Regularisation Rules, 2026.
• The initiative was launched by Urban Development Minister Sudivya Kumar following Cabinet approval of the new regularisation rules in April this year.
• The scheme applies to residential buildings up to G+2 height and structures built on plots measuring up to 300 sq m, subject to prescribed penalties and conditions.
• Officials stated that nearly seven lakh property owners across Jharkhand could benefit from the regularisation framework, with applicants allowed to pay fees in three instalments.
• The state government said the move is intended to improve planned urban development, simplify approvals and provide relief to owners of existing constructions built without sanctioned plans.Read more

Gurugram News Desk

19 May 2026

• Gurugram authorities have stepped up demolition and sealing operations against illegal constructions, unauthorised colonies, and building violations across multiple parts of the city.
• The Department of Town and Country Planning (DTCP) carried out action against illegal builder floors, unauthorised commercial activities, and structures developed without approvals.
• Officials said the enforcement drives were conducted with police support following repeated complaints and monitoring of violations in residential and developing sectors.
• The crackdown comes amid rising concerns over pressure on civic infrastructure, misuse of residential properties, and violations linked to the stilt-plus-four-floor policy.
• Authorities have indicated that enforcement activity will continue in the coming weeks, especially in rapidly developing areas witnessing unauthorised construction activity.Read more

19 May 2026

• PNC Infratech and SPS Constructions secured a Ganga bridge EPC project in Kanpur from UPSBC.
• The INR 559.53 crore project includes a four-lane bridge, approach roads and protection works.
• The project will be executed over 36 months through a 50:50 joint venture.Read more

19 May 2026

• The National Highways Authority of India (NHAI) and the Survey of India are introducing a new satellite-based system to improve road construction.
• The technology, known as Continuously Operating Reference Stations (CORS), provides centimetre-level accuracy for surveying and planning highways.
• This system replaces older GPS methods and allows for real-time, error-free mapping even in difficult or uneven landscapes.
• By using this network, the government aims to finish projects faster, reduce construction costs, and ensure roads are built to higher quality standards.Read more

18 May 2026

• IRB Infrastructure Trust has made a non-binding offer to transfer two operational BOT highway assets valued at approximately INR 4,663 crore to IRB InvIT Fund.
• The proposed transaction includes the Solapur-Yedeshi NH211 project in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan, together spanning 1,144 lane kilometres.
• The asset valuation was carried out by an independent valuer as of March 31, 2026, while the proposal was approved by the board of the investment manager of IRB Infrastructure Trust in the past week.
• The company stated that the proceeds from the proposed transfer would be used to fund future infrastructure opportunities, while the public InvIT platform would benefit from additional revenue-generating assets and a longer concession profile.
• IRB Group said the transaction forms part of its broader capital recycling strategy aimed at expanding its infrastructure asset base to INR 1.4 lakh crore by 2029.Read more

18 May 2026

Blackstone Digital Infrastructure Trust has raised USD 1.75 billion through its US initial public offering, reflecting growing investor interest in data centers linked to artificial intelligence expansion. The newly formed REIT plans to acquire newly built data centers leased to large investment-grade hyperscale tenants across major US markets including Northern Virginia, Ohio and Phoenix. The IPO comes at a time when global technology firms are sharply increasing spending on AI infrastructure. Blackstone, which already manages a large global digital infrastructure portfolio, continues to strengthen its presence in the fast-growing data center sector.Read more

18 May 2026

The Karnataka government has launched the ‘Bhoo Guarantee – Nanna Khata, Nanna Hakku’ programme aimed at digitising and regularising nearly 23 lakh properties across Bengaluru. The initiative includes a 100-day one-time settlement window allowing around seven lakh B-Khata property owners to convert their holdings into A-Khata status by paying 2% of the guidance value instead of the existing 5% fee. The programme, announced by Deputy Chief Minister D K Shivakumar, also proposes relaxation in building violation norms and expansion of property digitisation through Aadhaar-linked records and GIS mapping. Weekly open-house camps will be organised across Bengaluru to support property owners with e-Khata services and grievance resolution. The move is expected to impact property documentation, transactions, utility access and regularisation across the city’s residential market.Read more

18 May 2026

Uber is set to establish its first data centre in India in partnership with Adani Group, marking a significant step in the company’s expanding technology and infrastructure presence in the country. The facility, expected to become operational later this year, will support the testing and deployment of Uber’s technology solutions from India for global operations. The announcement was made by Uber Chief Executive Officer Dara Khosrowshahi following a meeting with Gautam Adani in Ahmedabad. While financial details and investment size were not disclosed, the development reflects growing interest among global technology firms in strengthening local digital infrastructure and data processing capabilities within India’s rapidly expanding innovation and technology ecosystem.Read more

18 May 2026

Indian Railway Finance Corporation reported a steady financial performance for the March quarter, with net profit remaining largely unchanged at INR 1,684 crore. The company’s annual profit touched a record high in FY26, supported by higher income, rising interest earnings and growth in railway-linked financing activities. The state-owned financier also reported a sharp rise in assets under management to INR 4.85 lakh crore as it expanded beyond its traditional financing base. During the year, IRFC increased sanctions and disbursements while maintaining its long-standing zero non-performing asset record.Read more

18 May 2026

Delegations from the World Bank and the Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the greenfield capital city project being executed by the Andhra Pradesh Capital Region Development Authority (APCRDA). The teams assessed the progress of infrastructure construction, environmental and social safeguard measures, labour welfare facilities and smart city initiatives across the capital region. The visiting delegation included World Bank Vice President and Chief Risk Officer Dennis McLaughlin. Officials also inspected project sites including the Gravity Canal at N16 Junction near Dondapadu and visited the APCRDA Command and Control Centre to review integrated monitoring systems and technology-led governance initiatives. Discussions related to Phase-II funding and infrastructure financing requirements for Amaravati are also scheduled as part of the ongoing engagement process.Read more

17 May 2026

Navi Mumbai Municipal Corporation has appealed to residents in the Airoli and Belapur assembly constituencies to cooperate with the ongoing Special Intensive Revision (SIR) programme being conducted by the Election Commission of India to update and verify electoral rolls. The exercise aims to align the 2024 voter list with the final electoral roll prepared in 2002 through a voter mapping process. Maharashtra Chief Electoral Officer S. Chockalingam recently reviewed the progress of the initiative during a visit to the Navi Mumbai civic headquarters and instructed officials to accelerate the verification process. Booth Level Officers (BLOs) have been tasked with correcting duplicate, incomplete and invalid voter records while conducting field-level verification. Citizens have been advised to confirm their voter record mapping through the BLO application and provide accurate information during household verification visits.Read more