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04 May 2026
Adani Power reported a 64% year-on-year increase in consolidated net profit to INR 4,271.40 crore for the quarter ended March 31, driven by higher income and reduced tax expenses. Total income rose to INR 15,989.09 crore, while full-year profit reached INR 12,971.08 crore. The company also reported improved operating revenues supported by higher plant uptime and capacity. Alongside financial performance, Adani Power continues to advance expansion projects and secure long-term power supply agreements, with a target to add 23.7 GW of thermal capacity by 2032, reflecting ongoing capacity growth and demand alignment.Read more
04 May 2026
Gorilla Technology Group has expanded its artificial intelligence infrastructure collaboration with Yotta Data Services through a project valued at approximately USD 2.8 billion. The agreement includes deployment of 20,736 B300 GPU cards in India to support large-scale AI compute capacity, with completion targeted by the end of September 2026. The development builds on an existing framework involving high-performance servers and GPUs, and includes participation from NVIDIA. The initiative reflects growing investment in hyperscale AI infrastructure across India’s data centre ecosystem.Read more
03 May 2026
Kochi Corporation has started a large-scale desilting drive across major canals as part of its pre-monsoon preparation. While most minor drains have already been cleared, the focus has now shifted to key canals that carry stormwater across the city. The work includes removal of silt, waste and water hyacinth, with coordination across multiple agencies. Authorities aim to complete the work before heavy rains begin, as delays could increase waterlogging risks. The exercise also builds on earlier flood management efforts such as Operation Breakthrough.Read more
03 May 2026
The Prime Minister highlighted the importance of road and rail connectivity in supporting Sikkim’s tourism and economic growth. He pointed to ongoing infrastructure projects, including the Sevoke–Rangpo railway line, as key to improving access to the state. With significant progress made despite earlier delays, the rail link is expected to be operational by 2027. Alongside highway upgrades, these developments are aimed at reducing travel time, improving connectivity, and boosting tourism-driven economic activity in the region.Read more
03 May 2026
Chennai-based developer DRA has entered into a strategic partnership with California-headquartered Slate Technologies to deploy its AI-powered construction intelligence platform across ongoing projects. The implementation, currently covering around 3.3 million sq. ft. and supporting nearly 2,000 workers, marks one of the earliest large-scale integrations of AI in Indian real estate execution. The platform enables real-time monitoring, predictive analytics, and multilingual site coordination, helping improve project delivery timelines, quality control, and operational efficiency. Industry observers indicated that such technology adoption reflects a broader shift towards data-driven execution models in construction, particularly as project complexity increases. The move is also aligned with growing developer focus on governance, transparency, and timely delivery, positioning AI as a key enabler in enhancing execution consistency and reducing project risks.Read more
03 May 2026
Mumbai’s western suburbs are witnessing a shift in residential demand as homebuyers increasingly prioritise proximity to daily essentials, workplaces, and transit networks. The concept of “15-minute living” is gaining traction, supported by infrastructure upgrades and metro expansion. Data from Knight Frank indicated that the city recorded over 97,000 home sales in 2025, alongside more than 1.5 lakh property registrations, with suburban locations accounting for over 80% of activity. Developers and industry stakeholders report growing end-user preference for micro-markets offering integrated social infrastructure, connectivity, and reduced commute times.Read more
03 May 2026
Navi Mumbai and Panvel are preparing to enter the municipal bond market for the first time, with plans to raise funds for urban infrastructure projects. Navi Mumbai is expected to target around INR 1,000 crore, while Panvel is likely to raise a smaller amount. Both cities have secured investment-grade credit ratings, reflecting strong financial profiles and debt-free balance sheets. The move signals growing momentum in India’s municipal bond market, supported by central government incentives and increasing interest from institutional investors, including potential participation from global financial institutions.Read more
03 May 2026
The Maharashtra Housing and Area Development Authority (MHADA) has extended the application deadline for its Mumbai housing lottery, offering 2,640 flats across key locations in the city. Applicants can now apply until May 14, with EMD payments accepted until May 15. The lottery draw has been rescheduled to June 5. The extension comes after a slower-than-expected response, with applications yet to cross 40,000. The scheme continues to cater to multiple income groups and remains one of the most accessible government-backed housing opportunities in Mumbai.Read more
03 May 2026
The Nashik Municipal Corporation has stepped up execution of multiple smart city projects amid pressure to meet completion timelines under the national Smart Cities Mission. Key works include integrated command and control systems, road infrastructure upgrades, public space improvements, and urban mobility initiatives. The acceleration comes as authorities seek to complete pending components within stipulated deadlines, with a focus on improving service delivery and urban infrastructure. The developments are expected to enhance liveability in Nashik while also influencing real estate activity through improved civic amenities and connectivity across the city.Read more
03 May 2026
The inauguration of the 590+ km Ganga Expressway in the past week is expected to influence real estate activity across Uttar Pradesh and NCR-linked regions by improving connectivity and enabling industrial expansion. The corridor is likely to support logistics efficiency, reduce travel time, and attract investment into emerging micro-markets. Industry stakeholders indicated that locations along the Yamuna Expressway, Greater Noida, and adjoining belts could see increased demand, with near-term price appreciation estimated at 8–12% over the next 12–18 months. The project is also expected to accelerate development across tier-2 and tier-3 cities, supported by planned industrial clusters and infrastructure rollout.Read more
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03 May 2026
The Government has outlined plans to increase the tourism sector’s contribution to India’s GDP from 5.22 per cent to 10 per cent over the next decade, supported by rapid expansion in transport and infrastructure networks. The target was highlighted during the 15th edition of The Great Indian Travel Bazaar in Jaipur, where officials pointed to growth in airports, rail connectivity, and aviation capacity as key drivers. Domestic tourism has risen sharply, crossing 4 billion visits, while international arrivals and foreign exchange earnings have also doubled. The push is expected to require significant expansion in hotel capacity and destination development.Read more
03 May 2026
India’s residential real estate sector is undergoing structural changes driven by regulatory reforms such as RERA, GST and demonetisation, which have introduced greater transparency, financial discipline and accountability. Developers are increasingly focusing on execution quality, governance and timely delivery, while homebuyers are becoming more informed and cautious. Emerging markets such as Modinagar are gaining traction due to improved connectivity and lower costs. The shift towards integrated planning and execution is strengthening developer credibility and buyer confidence, indicating a transition towards a more structured and stable housing market aligned with long-term urban growth.Read more
03 May 2026
Micro-markets across New Gurugram are emerging as key growth drivers in the National Capital Region’s residential and commercial real estate landscape, supported by expanding infrastructure and rising end-user demand. The region, particularly along the Dwarka Expressway and Southern Peripheral Road, has seen increased development activity, with Gurugram accounting for nearly 73 per cent of NCR housing launches in the past quarter. Improved connectivity, metro expansion plans, and proximity to Indira Gandhi International Airport have strengthened its appeal. Mid-segment housing continues to dominate supply, while commercial leasing and warehousing activity have reinforced Gurugram’s position as a multi-sector hub, contributing to sustained demand across evolving micro-markets.Read more
03 May 2026
A recent global report shows that tropical forest loss declined sharply in the past year, mainly due to stronger policy action in Brazil. However, overall deforestation levels remain higher than global targets, with agricultural expansion continuing to be the biggest driver. Climate change is also worsening forest conditions, leading to more frequent and intense fires. While some countries have managed to control forest loss through consistent policies, emerging policy changes and environmental pressures could reverse recent gains and slow progress towards global forest conservation goals.Read more
03 May 2026
Amaravati Development Corporation Chairperson and Managing Director Smt. D. Lakshmiparthasarathy carried out inspections at labour camps managed by different contracting agencies involved in capital works in Amaravati during the past week. She directed companies to improve living conditions for workers who have come from other states and are engaged in construction activity. The review covered accommodation, sanitation, bedding, food arrangements, and basic utilities. She also instructed better ventilation, cleanliness, and support for cooking needs. Officials from ADC, engineering teams, and PMC representatives accompanied the inspection across multiple sites.Read more
03 May 2026
Mumbai’s western suburbs are undergoing a structural shift towards high-rise, mixed-use developments driven by land scarcity, infrastructure upgrades and evolving urban planning frameworks, according to insights shared by Ruchit Mehta of Mehta Realty. The Malad–Goregaon–Kandivali corridor is emerging as a key growth belt, supported by metro expansion, improvements along the Western Express Highway and transit-oriented development policies. Developers are increasingly focusing on integrated projects combining residential, commercial and social infrastructure. The trend is further supported by redevelopment activity and sustainability-led construction practices, reflecting changing end-user demand for community-oriented, self-sufficient urban environments across Mumbai’s western corridor.Read more
03 May 2026
Technip Energies has operationalised a captive jetty at its Dahej facility in Gujarat and shipped its first large process module to Europe. The new infrastructure enables direct sea movement of heavy modules, reducing transit time from around 15 days to about 48–72 hours. The company indicated that fuel use could drop by 60–70 percent, improving cost efficiency and lowering emissions. The development strengthens India’s role in global modular manufacturing and supports faster execution of international projects through better logistics integration.Read more
03 May 2026
SoftTech Engineers, along with the National Highway Electric Vehicle Infrastructure (NHEV) initiative, has introduced a GIS-enabled single-window system to streamline approvals for EV infrastructure on national highways. The platform integrates site selection, compliance checks, and allotment into one interface, reducing delays caused by fragmented processes. It is designed for businesses, landowners, and service providers, with features like real-time tracking and data-backed location analysis. The move is expected to support faster rollout of EV charging and highway amenities across India.Read more
02 May 2026
The Union government has approved rural road projects worth INR 3,566 crore in Jammu & Kashmir under PMGSY-IV to improve connectivity in remote areas. The move focuses on linking smaller habitations, including those with low population thresholds in difficult terrain. Alongside this, over INR 4,568 crore has been released to support women’s self-help groups across several states and Union Territories. The decision builds on earlier infrastructure approvals in the region and aims to strengthen rural access, improve mobility, and support local economic activity through better road networks.Read more
02 May 2026
Travis Perkins reported a decline in first-quarter like-for-like sales amid continued weakness in the UK construction market. The company faced pressure from subdued housing demand and high interest rates, while rising energy costs added to input expenses. Despite this, it has been working to pass on higher manufacturer prices to customers. Its Toolstation business showed resilience, partly offsetting weaker merchanting performance. Meanwhile, Howden Joinery posted revenue growth supported by price hikes. Analysts caution that rising prices may impact volumes as consumers delay spending.Read more
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