16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

The World Bank has approved USD 305 million to support the Haryana Clean Air Project for Sustainable Development (HCAPSD), aimed at reducing air pollution and improving air quality across the state by 2030. The funding comprises a USD 300 million loan and a USD 5 million grant. With a total project cost of INR 3,646 crore, Haryana will contribute INR 1,065 crore and an additional INR 83 crore as a grant. The initiative covers transport, industry, agriculture, and urban sectors, including electric buses, emission monitoring systems, cleaner technologies, and incentives to reduce crop residue burning and vehicle emissions.Read more

15 Dec 2025

Pride Hotels plans to launch its initial public offering by March 2026, with a focus on strengthening its balance sheet and upgrading its hotel portfolio. The proposed IPO includes a fresh issue of INR 260 crore and an offer for sale by existing shareholders. A major portion of the funds will be used to renovate and modernise the company's owned hotels across key cities such as Delhi, Bengaluru, Pune and Chennai, while part will go towards debt reduction. Alongside refurbishment, Pride Hotels is expanding its pan-India presence through an asset-light model, with a strong pipeline of new hotels across business, leisure and pilgrimage destinations.Read more

15 Dec 2025

PNB Housing Finance announced that its board has approved the appointment of Ajai Kumar Shukla as Managing Director and Chief Executive Officer, effective from 18 December 2025. His five-year term will begin after shareholder approval. Shukla currently serves as Chief Business Officer at Tata Capital Housing Finance and has earlier handled mortgage roles at ICICI Bank.Read more

13 Dec 2025

Brookfield Properties is set to invest over USD 1 billion in Maharashtra to build a 2 million sq ft global capability centre, expected to be Asia's largest. The facility will create over 15,000 direct jobs and around 30,000 indirect jobs. Active in India for 15 years, Brookfield manages USD 30 billion in assets and plans to grow this to USD 100 billion in five years. Maharashtra's GCC policy, aimed at generating 4 lakh jobs, is focusing on Mumbai and Pune, with the new facility planned for Powai.Read more

13 Dec 2025

Public Property Invest ASA has decided to put forward a proposal for an annual dividend of NOK 1 per share for 2026, with payments planned in quarterly instalments of NOK 0.25 each. The plan is expected to be presented at the company's upcoming annual general meeting in 2026. The board's intention reflects its steady approach to shareholder returns, following previous years where the company maintained a consistent dividend structure. The proposal, once approved, will align with its dividend pattern and provide investors with predictable payouts throughout the year.Read more

13 Dec 2025

Hyderabad based managed office provider iSprout has raised INR 60 crore in debt funding from Tata Capital to drive its expansion across key Indian business hubs. The funds will be used to open new centres in tier I and tier II cities, upgrade technology platforms, improve workspace customisation and strengthen end to end facility management services. Over the past five years, iSprout’s footprint has grown to 25 locations across nine cities with about 2.5 million sq ft of managed space. The company aims to capture more market share in India’s flexible workspace sector amid rising demand from enterprises and GCCs.Read more

13 Dec 2025

Ekta World has completed repayment of a INR 170 crore loan to ICICI Bank, using funds raised entirely through sales and collections from its ready to move in Ekta Tripolis development in Goregaon West. The three tower project, with more than 600 units and possession handed to 503 families, has been central to reducing the company's overall debt. In the past year, Ekta World also finished two residential and two commercial redevelopment projects in Bandra,Khar and Santacruz. The company plans to maintain focus on high value assets above 1 million USD going forward.Read more

12 Dec 2025

HUDCO has raised INR 1,905 crore through a 7-year bond issue priced at a coupon rate of 6.98%, strengthening its funding capacity for housing and urban infrastructure projects across India. The bonds were issued through SEBI's electronic bidding platform, reflecting steady investor confidence in HUDCO's financial strength. The funds will support affordable housing, municipal infrastructure, urban renewal and related development works. HUDCO said the competitive pricing helps manage borrowing costs while backing sustainable infrastructure creation. The government-owned lender continues to finance state agencies, housing boards and urban bodies, playing a key role in supporting city modernisation and housing growth in line with India's long-term urban development goals.Read more

12 Dec 2025

Telangana has signed a long-term agreement with Amazon Web Services (AWS) for an investment of USD 7 billion to expand cloud data centre capacity in the state over the next 14 years. The agreement was finalised during the Telangana Rising Global Summit held recently, where the state committed to providing infrastructure support and smoother business processes to help AWS scale its operations. The expansion is expected to strengthen the Hyderabad AWS Region and support India's digital ecosystem, including government platforms, startups, enterprises, and new-age technology users.Read more