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28 Apr 2026
Navi Mumbai International Airport is expected to significantly increase its operations by the end of the year, with daily passenger traffic projected to reach 50,000 and flight movements rising to around 380. The airport, which began domestic operations in the past year, is currently handling 20,000 passengers daily. Plans to start international services have been delayed due to geopolitical tensions in the Gulf region. IndiGo continues to dominate operations at the airport, contributing a major share of flights and expected to drive further growth.Read more
28 Apr 2026
HD Hyundai is moving ahead with a USD 4 billion investment to set up a large shipyard in Tamil Nadu, marking a key step in India’s shipbuilding expansion plans. The project, located in Thoothukudi, will be developed through partnerships with government-backed entities and is expected to anchor a broader shipbuilding cluster. It aligns with India’s target to become a leading global shipbuilder and is likely to bring advanced technology, vendor ecosystems, and higher production capacity to the domestic maritime sector.Read more
28 Apr 2026
The Maharashtra government has signed an agreement with Tatya Saheb Kore Warana Co-operative Navshakti Nirman Sanstha Ltd to develop three pumped storage hydropower projects with a total investment of around INR 5,200 crore. These projects will add 1,100 MW of capacity and generate about 1,100 jobs. The move comes as the state prepares for rising power demand, especially from data centres. Officials highlighted that pumped storage will support grid stability and renewable energy use, while also contributing to long-term energy planning and employment generation across the state.Read more
28 Apr 2026
Digital Realty Trust has revised its annual revenue and core funds from operations (FFO) outlook upwards, supported by sustained demand for data center infrastructure driven by artificial intelligence adoption. The company saw investor interest rise, with its shares gaining more than 2.5% in extended trading following the update. Growth in cloud computing, AI workloads, and enterprise digital transformation has strengthened occupancy and leasing activity across its global portfolio. The company also reported stable quarterly performance in line with expectations, while its adjusted FFO surpassed estimates, reflecting operational strength and improving demand conditions across key international markets.Read more
28 Apr 2026
Gurugram has continued restoration and infrastructure improvement work following demolition drives carried out to remove illegal encroachments across several residential colonies. Authorities cleared ramps, boundary extensions, guard rooms and other unauthorised constructions that had reduced road width and affected movement in internal streets. After the removal process, agencies have started restoring damaged stretches, improving access roads and strengthening basic civic infrastructure. Monitoring systems are being reinforced to prevent re-encroachment, while residents have expressed mixed reactions over enforcement and the impact of the drive on long-standing structures.Read more
28 Apr 2026
The Enforcement Directorate has carried out searches across multiple locations in Haryana and Punjab in connection with a money laundering case involving an alleged INR 145 crore fraud linked to fixed deposits of the Panchkula Municipal Corporation. The case originates from an FIR filed by the Haryana Vigilance and Anti-Corruption Bureau, which flagged embezzlement of civic funds held at a Kotak Mahindra Bank branch. Investigations have revealed a suspected nexus between bank officials, municipal staff and private individuals, with forged documents, unauthorised accounts and fund diversion routes being used to siphon and circulate public money.Read more
28 Apr 2026
The Karnataka government has revived the long-pending Intermediate Ring Road (IRR) project in Bengaluru, a 210 km corridor aimed at improving connectivity across the city’s peripheral growth zones. The project, originally proposed over a decade ago, will link 12 satellite towns including Devanahalli, Bidadi, Anekal and Hoskote. Now under the Bengaluru Metropolitan Region Development Authority (BMRDA), the revised plan seeks to address earlier land acquisition and legal challenges by reverting to the original alignment with modifications. A key strategy involves land pooling through developer-led relinquishment, reducing acquisition costs. The corridor will integrate with other major infrastructure projects such as the Satellite Town Ring Road and the Bengaluru Business Corridor, forming a broader mobility network to support regional expansion and decentralised urban growth.Read more
28 Apr 2026
The pedestrian skywalk linking Noida’s Sector 51 and Sector 52 metro stations has been delayed by over a month due to design revisions and structural constraints identified during execution. The 420-metre, air-conditioned interchange facility, built at an estimated cost of around INR 40 crore, faced complications after a metro beam obstructing the entry point was not accounted for in the original design. Authorities are now reworking structural elements, including beam removal and alignment changes, to enable safe access. The project, which aims to provide seamless connectivity between the Aqua Line and Blue Line, has already missed multiple deadlines since construction began in 2023, affecting daily commuters relying on the interchange.Read more
28 Apr 2026
A long-standing garbage dump near the Rapti river in Gorakhpur has been redeveloped into an eco park and urban forest, with the project scheduled for inauguration shortly. The initiative involved scientific disposal of over 2.26 lakh metric tonnes of legacy waste, freeing nearly 40 acres of land for redevelopment. Executed at a total cost of around INR 41.5 crore, the project also includes a four-lane road and supporting infrastructure. The redevelopment is part of a broader push towards urban environmental restoration, addressing pollution concerns while creating public green space. The site, previously associated with methane emissions and fire hazards, has now been converted into a structured recreational and ecological zone.Read more
28 Apr 2026
CBRE reported stronger-than-expected quarterly performance as rising demand from data centres supported leasing and facilities management activity. Growth in artificial intelligence-related infrastructure has contributed to renewed momentum in the commercial real estate sector, driving higher site acquisitions, construction work, and long-term leasing commitments. The company also posted solid revenue gains across its building operations and experience segment. Profitability improved significantly compared to the previous year, while revenue exceeded market estimates. Investor sentiment remained positive, with shares moving higher in premarket trading, supported by expectations of potential interest rate cuts later in the year.Read more
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28 Apr 2026
Kalamassery municipality has released a draft notification proposing amendments to its 1991 structural plan, aimed at aligning land-use regulations with current urban development needs in the Kochi region. The draft, published recently, introduces relaxed zoning norms, higher construction limits, and expanded mixed-use provisions to support residential, commercial, and industrial integration. It also reclassifies agricultural zones based on flood risk and permits broader development in low-risk areas. The changes are intended to facilitate key projects such as Judicial City, logistics parks, and Infopark expansion while addressing long-standing land-use constraints. Citizens have been given a 60-day window to submit objections or suggestions, following which the revised plan may be finalised.Read more
27 Apr 2026
Delhi is set to begin the regularisation of properties in unauthorised colonies from April 24 under the PM-UDAY scheme, covering 1,511 colonies. The revised framework removes earlier requirements such as approved layout plans and adopts an as-is, where-is approach to speed up approvals. A defined processing timeline has also been introduced to improve efficiency. The move is expected to benefit a large number of residents by granting legal ownership rights and enabling access to basic services, while also supporting better planning and integration of these colonies into the formal urban system.Read more
27 Apr 2026
The Brihanmumbai Municipal Corporation’s INR 14 crore proposal to maintain a garden and promenade along the Mithi river has been sent back by the standing committee after members found that the site was either non-existent or encroached. Concerns were raised over lack of verification, violation of buffer norms, and possible irregularities in the tender process. The committee has sought detailed clarification before reconsideration, while separately approving an INR 30 crore desilting project for the river as part of flood preparedness efforts.Read more
27 Apr 2026
UK-based warehouse and logistics property company Segro is expanding its data centre strategy across Europe, with planned sites in France, Germany, Italy and Poland to benefit from rising artificial intelligence-driven demand. The company expects strong long-term demand around major urban centres and is actively working on securing planning approvals and power connections. In the UK, it has strengthened its position with 400 MW power upgrades in London and Slough, a pre-let deal for a 30,000 square metre facility, and approval for a GBP 1 billion (USD 1.35 billion) data centre project in West London. Data centres currently account for about 7% of its clients.Read more
27 Apr 2026
A safety lapse during railway maintenance work on the Central Railway line in the Mumbai region led to two passengers being injured on a Kasara-bound local train. Debris and an iron rod fell into a moving coach, leaving one commuter critically injured. Authorities have suspended three staff members and started an internal inquiry. The incident has raised concerns over adherence to safety protocols, especially as such work is meant to be carried out during traffic blocks. Past incidents on the same route have also pointed to recurring risks during maintenance activity.Read more
27 Apr 2026
Holcim delivered better-than-expected results for the first quarter of the year even as global construction activity showed signs of weakening. The company reported a 4.8% decline in sales to CHF 3.52 billion, which still came in above estimates, while recurring operating profit stood at CHF 431 million, also ahead of market expectations. Performance was influenced by portfolio restructuring, exits from select markets, adverse weather in Europe, and currency pressure from a strong Swiss franc. Despite softer industry sentiment and revised global growth expectations, Holcim maintained its full-year outlook and continued its expansion through acquisitions in Latin America.Read more
27 Apr 2026
Noida International Airport has appointed its chief financial officer Nitu Samra as interim chief executive officer with immediate effect after a regulatory requirement mandated that airport CEOs must be Indian nationals. The change comes as the airport continues preparations for commercial operations following its inauguration by Prime Minister Narendra Modi in March this year. Christoph Schnellmann, who had been serving as CEO since August 2020, will now move to the role of executive vice chairman on the board. The interim arrangement will remain in place until a permanent CEO is selected by the board.Read more
27 Apr 2026
The redevelopment cost of Mangaluru Central railway station has been revised sharply to INR 95 crore from an earlier estimate of INR 340 crore, with the project now set to be executed under the EPC model. The revised plan focuses on core infrastructure upgrades, including platform expansion and improved passenger facilities, while deferring more capital-intensive components. Authorities are also examining additional railway capacity enhancements in the region, including new lines and a potential new station. The revision reflects a recalibration of project scope and funding priorities within Indian Railways’ broader station redevelopment programme, aimed at balancing modernisation goals with cost efficiency.Read more
27 Apr 2026
The Himachal Pradesh government has launched development projects worth over INR 153 crore in Fatehpur, Kangra district, focusing on connectivity, public infrastructure and utilities. The package includes an INR 103.65 crore bridge over the Beas river, multiple road upgrades and administrative buildings. Additional works cover power infrastructure and public facilities aimed at improving service delivery across the region. The projects are part of a broader push to strengthen rural connectivity and support local economic activity. Alongside the launched works, the government has also announced further investments in tourism infrastructure and power systems, indicating continued public capital expenditure in the region.Read more
27 Apr 2026
Construction has commenced on a temporary cricket stadium in Pomona, Southern California, for the Los Angeles 2028 Olympics, marking the sport’s return to the Games after over a century. The venue will host men’s and women’s T20 competitions with six teams each. The International Cricket Council (ICC) has positioned this as a key step in expanding cricket’s global reach. The ground is also scheduled to host a few Major League Cricket matches in the coming months, indicating early operational use ahead of the Olympics.Read more
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