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09 May 2026
The Union government has accelerated highway development in Maharashtra by awarding multiple road projects under the build-operate-transfer (BOT) model, aimed at increasing private sector participation in infrastructure delivery. The initiative, led by Nitin Gadkari, seeks to revive BOT-based project structuring amid improved traffic visibility and financial viability. Several highway stretches across the state are being taken up under this framework, with developers expected to invest, construct, and operate the assets over a concession period. The move forms part of a broader strategy to diversify funding sources and accelerate project execution in the national highways sector.Read more
09 May 2026
DigiCo Infrastructure has announced the sale of its Chicago data centre for USD 750 million, aiming to reduce debt and strengthen liquidity while funding its Sydney expansion. The deal, expected to close in the first quarter of fiscal 2027, has significantly boosted investor confidence, pushing the company’s shares up over 25 percent. The transaction will lower net debt and improve cash reserves. DigiCo is also exploring monetisation of its Los Angeles assets and may return excess cash to investors, while maintaining its earnings outlook for fiscal 2026.Read more
09 May 2026
Rays Power Infra Pvt. Ltd. has commissioned 1.1 GW of solar capacity during FY26 across Karnataka, Rajasthan and Gujarat, marking its highest annual execution to date. The addition has taken its cumulative commissioned portfolio beyond 2.4 GWp. The company is expanding its EPC order book and independent power producer portfolio while exploring hybrid renewable solutions, battery storage and green hydrogen. The milestone comes amid India’s push towards 500 GW non-fossil fuel capacity, with integrated developers scaling execution and diversifying across renewable segments.Read more
09 May 2026
West Chennai is witnessing a significant transformation as infrastructure upgrades, industrial expansion and institutional development reshape the city’s residential landscape. Micro-markets such as Thirumazhisai are emerging as major housing destinations, supported by improved connectivity through the Chennai-Bengaluru Highway, Outer Ring Road and the upcoming Metro Phase 2 network. Residential sales in Chennai rose 9% year-on-year during the first quarter of 2026, while office leasing volumes climbed 60%, driven largely by Global Capability Centres. The corridor’s proximity to the Sriperumbudur manufacturing belt, combined with the proposed greenfield airport and the upcoming Tamil Nadu Knowledge City project, has strengthened investor and homebuyer interest. Rising land and apartment prices in Thirumazhisai reflect increasing confidence in the area’s long-term growth potential and its evolving role within Chennai’s expanding urban structure.Read more
09 May 2026
The Navi Mumbai Municipal Corporation (NMMC) conducted an eviction drive in the Belapur division earlier in the past week to remove homeless encroachments from multiple locations, including areas beneath the L&T bridge in Sector 42, Seawoods, and Sector 25, Nerul. The action was undertaken by the encroachment department under the direction of senior civic officials, with support from ward offices across Belapur, Nerul, Ghansoli and Airoli. Belongings of those occupying these spaces were seized during the operation. The drive involved coordinated deployment of labour, vehicles, and enforcement personnel, including police and security staff. Civic authorities indicated that such measures would continue in a sustained manner to manage encroachments and maintain public spaces across Navi Mumbai.Read more
09 May 2026
The second phase of the Ayodhya Master Plan has been formally notified, expanding the development area to around 766 sq km across Ayodhya, Basti and Gonda districts. The plan incorporates over 350 villages and introduces a structured land-use framework covering residential, commercial, industrial and transport zones. It is designed to guide long-term urban expansion, infrastructure development and tourism-led growth in the region. The notified framework includes provisions for highway-linked commercial activity, rural expansion zones and preservation of natural assets. The development aligns with broader efforts to position Ayodhya as a major religious and tourism centre while managing rapid urbanisation.Read more
09 May 2026
Linking Road in Mumbai’s western suburbs is witnessing increased attention from commercial developers, driven by its location across Bandra, Khar and Santacruz, proximity to Bandra-Kurla Complex, and sustained consumer footfall. The four-kilometre stretch, historically known for street retail, is now emerging as a high-value commercial corridor supported by redevelopment potential and evolving consumption patterns. Ageing low-rise structures along the stretch present opportunities for vertical, mixed-use developments combining retail and office spaces. Improved connectivity and planned infrastructure upgrades are further strengthening its positioning within Mumbai’s commercial landscape. Market trends indicate steady property value appreciation and growing interest in cluster redevelopment, as developers look to optimise land use and enhance returns in one of the city’s supply-constrained urban corridors.Read more
09 May 2026
Real estate developers in Gujarat have approached the state regulator seeking a six-month extension for project deadlines due to rising construction costs and supply disruptions. CREDAI Ahmedabad highlighted that prices of key materials have increased sharply, affecting project viability and timelines. Global factors such as the West Asia conflict, along with labour shortages, have further slowed execution. Developers have requested that the situation be treated under force majeure provisions, similar to relief given during the pandemic, as delays may otherwise impact project delivery and financial stability.Read more
09 May 2026
RailTel Corporation of India has secured an order worth INR 497 crore for implementing an intelligent transport system (ITS) in Karnataka. The project involves deploying advanced traffic management technologies aimed at improving road safety, reducing congestion and enhancing urban mobility. The scope includes installation of surveillance systems, traffic monitoring tools and integrated command infrastructure. The initiative forms part of broader efforts by state authorities to adopt technology-led solutions for transport management. The project is expected to contribute to improved traffic efficiency and support infrastructure planning across key urban corridors in Karnataka.Read more
08 May 2026
The reconstruction of Hancock Bridge in Mazgaon, Mumbai, has remained incomplete for nearly a decade after the original structure was demolished, with key approach roads still pending. The Brihanmumbai Municipal Corporation has recently moved to resolve long-standing hurdles, including land acquisition and utility clearances, to fast-track the remaining work. While the main bridge structure has largely been built, the absence of functional access roads has rendered it unusable. Civic officials indicated that coordinated efforts are underway to complete the project, which is critical for easing connectivity between Mazgaon and surrounding areas, including Byculla and Dockyard Road. The prolonged delay has raised concerns over infrastructure execution and project coordination within the city.Read more
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08 May 2026
Sam Woo Construction Group Ltd has indicated that it expects to report a profit of at least HKD 50 million for the financial year ended March 2026. The company’s improved performance has been supported by strong contributions from key ongoing projects, particularly work on Lantau Island. This marks a notable improvement compared to previous periods, reflecting better project execution and revenue recognition. The update signals stable business momentum for the Hong Kong-based contractor, supported by infrastructure activity and project completions across its portfolio during the financial year.Read more
08 May 2026
Sentinel Midstream has moved ahead with construction of its Texas GulfLink deepwater oil export project off the Texas coast, marking a rare large-scale development in recent years. The project, backed by funding under the US-Japan trade agreement, is expected to begin operations by late 2028. The development comes as demand for US crude rises in Asia due to supply disruptions in the Middle East. Once operational, the facility will be capable of fully loading supertankers, addressing a key infrastructure gap and supporting the expansion of US oil exports globally.Read more
08 May 2026
The Mumbai Metropolitan Region Development Authority (MMRDA) has completed Phase II of the Airoli–Katai Naka corridor, while Phase I is in the final stage of execution. The high-speed corridor is expected to improve travel between Navi Mumbai, Thane, Kalyan-Dombivli and Badlapur by reducing congestion and cutting travel time by up to 45 minutes after full completion. The project includes twin tunnels, elevated roads, advanced tunnel safety systems and multiple access ramps. Officials said the corridor will support smoother regional movement, improve logistics connectivity and strengthen links between residential, industrial and commercial hubs across the Mumbai Metropolitan Region.Read more
08 May 2026
Bombay High Court has ruled that authorities cannot insist on obtaining a no-objection certificate (NOC) from defence establishments at a belated stage after construction has substantially progressed under approved plans. The court directed authorities to issue an occupancy certificate for two residential buildings near INS Trata in Worli, Mumbai, while holding that the late insistence on a defence NOC was arbitrary and legally unsustainable. The ruling came in response to a petition filed by Techno Freshworld LLP against stop-work notices and denial of occupancy certification by MHADA. The judgment is expected to have implications for redevelopment and real estate projects located near defence establishments, particularly in dense urban areas such as Mumbai.Read more
08 May 2026
TVS Industrial & Logistics Parks has signed an agreement for a 10-acre land parcel in Siliguri, West Bengal, to develop a new logistics park as part of its expansion strategy in eastern India. The proposed project is expected to strengthen regional supply chain infrastructure, support organised Grade A warehousing and improve logistics efficiency for businesses operating across eastern and north-eastern markets. Located in a strategically important transit corridor, Siliguri serves as a gateway connecting mainland India with the Northeast as well as neighbouring countries including Nepal, Bhutan and Bangladesh. The development marks TVS ILP’s second major investment in West Bengal and comes amid increasing demand for institutional-grade warehousing driven by e-commerce, FMCG, pharmaceuticals and regional distribution networks.Read more
08 May 2026
Thailand’s investment board has approved six major projects with a combined value of USD 29 billion, led by a USD 25 billion data infrastructure investment by TikTok’s local unit. The proposal involves expanding data centres and server capacity across Bangkok, Samut Prakan and Chachoengsao to support rising digital demand. The approvals also include other strategic investments aimed at strengthening the country’s industrial and digital ecosystem. The move reflects Thailand’s push to position itself as a regional hub for data infrastructure and technology services, with large-scale capital deployment expected to influence industrial real estate demand and infrastructure development.Read more
08 May 2026
The Mumbai-Ahmedabad bullet train corridor has achieved another major construction milestone with the successful installation of five heavy portal beams over active railway tracks in Ahmedabad’s Maninagar area. Executed by the National High Speed Rail Corporation Ltd (NHSRCL), the work involved some of the heaviest precast structures launched over live Indian Railways lines so far. The complex operation was completed within 22 days using a 2,200 MT crawler crane while maintaining regular train movement. The development marks further progress in India’s first high-speed rail project, which is targeted for operations in 2027.Read more
08 May 2026
Desco Infratech Limited reported strong financial growth for FY 2025–26, driven mainly by its City Gas Distribution segment and improved project execution. The company nearly doubled its revenue and recorded significant increases in profit and EBIT. While margins saw slight moderation due to expansion into the Power and Renewable EPC segment, the move is part of a long-term diversification strategy. Key developments included the acquisition of Shri Green Agro Energies Private Limited and entry into international markets through a UAE subsidiary. The company continues to maintain a strong order book and remains optimistic about future growth.Read more
08 May 2026
Bhutan and the World Bank have signed financing agreements worth USD 515 million for the 1,125 MW Dorjilung Hydropower Project, being developed through a public-private partnership between Tata Power and Druk Green Power Corporation. The project, located on the Kurichhu River in eastern Bhutan, is expected to generate over 4,500 GWh annually, with nearly 80% of output supplied to India. The development is aimed at strengthening regional energy security, enabling clean energy exports, and supporting Bhutan’s economic growth through increased power generation capacity.Read more
08 May 2026
The Maharashtra government has proposed relaxing parking requirements for additional built-up space in key commercial blocks of Bandra Kurla Complex (BKC). The draft allows up to a 50% reduction in parking norms for existing and under-construction buildings in ‘E’ and ‘G’ blocks, subject to space constraints. The move aims to unlock unused development potential in one of Mumbai’s prime business districts. While industry bodies have welcomed the step, concerns remain about added traffic pressure in an already congested area without parallel infrastructure upgrades.Read more
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