Gurugram News Desk

03 Feb 2026

Gurgaon's district administration has kicked off the verification process for 6,743 affordable homes reserved for economically weaker sections (EWS) under the Haryana government's urban housing initiative, with 4,728 applicants cleared in the first phase. The 1-BHK flats, priced at a highly subsidised INR 1.5 lakh each, are located in private colonies and high-rise societies, providing access to planned, organised urban housing. Authorities received more than 120,000 applications for the units, and initial checks found a substantial number of submissions valid, advancing them to the next stage. Eligible applicants are required to pay a booking amount to move forward in the allocation process, which will conclude with a draw to finalise allotments. Officials have underscored the transparent conduct of the process and urged applicants to interact only through official channels.Read more

03 Feb 2026

India's focused investment in infrastructure and tourism has strengthened regional growth and domestic travel, the Vice President noted during the closing ceremony of a national cultural event at the Red Fort. Highlighting over 400 crore domestic tourist visits last year, he emphasized that improved road networks, expanded rail connectivity, new airports, and enhanced heritage and pilgrimage facilities have benefited previously less-connected regions, including the Northeast. Cultural initiatives such as Bharat Parv and Kashi Tamil Sangamam have further promoted national integration, showcasing India's diversity while boosting tourism and local economic activity.Read more

03 Feb 2026

Outstanding individual home loans in India rose nearly four times over the past decade to about INR 37 lakh crore by March 2025, according to the Economic Survey 2025-26. Housing loans now form around 11 percent of GDP, up from 8 percent in FY15, indicating deeper use of formal credit for home purchases. The growth has been driven by post-pandemic housing demand, stable loan performance, wider lender reach, and improved access to mortgages across urban and smaller cities.Read more

03 Feb 2026

ACME Solar Holdings Ltd posted a 1.5 per cent rise in consolidated net profit for the December quarter to INR 114 crore, aided by a 53.9 per cent increase in revenues to INR 617 crore. Higher expenses accompanied the revenue growth. Power generation jumped 49 per cent to 1,567 MUs, supported by improved capacity utilization and new projects. The company partially commissioned 72 MW of wind capacity in Gujarat, secured a 130 MW RTC project, and arranged INR 4,725 crore debt funding to support its renewable expansion.Read more

03 Feb 2026

NTPC Green Energy Ltd saw its consolidated net profit fall sharply by 74% to INR 17.32 crore in the December quarter due to rising expenses, despite total income increasing to INR 684.22 crore from INR 581.46 crore a year ago. The company's expenses rose to INR 615.60 crore, highlighting cost pressures in the clean energy sector. NGEL, managing NTPC's renewable projects, continues to expand through both organic and acquisition-led initiatives. The results underscore that while demand for green energy remains strong, careful expense management is essential to sustain profitability.Read more

03 Feb 2026

Global financial institutions Goldman Sachs and Morgan Stanley have jointly acquired a 4.9% stake in Mumbai-based Sunteck Realty through open market transactions valued at about INR 268 crore. The shares were sold by CLSA Global Markets, which exited its entire holding in the company. Goldman Sachs Bank Europe SE and Morgan Stanley Asia (Singapore) Pte picked up nearly equal portions at an average price of around INR 375 per share. The transaction highlights continued institutional interest in listed Indian real estate developers.Read more

03 Feb 2026

Dubai-based workspace provider CorporatEdge has partnered with Braymont Holding to expand its Global Capacity Centres (GCCs) across the Gulf region with a combined investment of INR 225 crore. The first UAE Offitel in Downtown Dubai spans 36,000 sq ft and includes 95 fully serviced premium suites. The centre caters to global enterprises, regional headquarters, and fast-growing companies with scalable office solutions, concierge services, wellness-oriented spaces, and collaborative meeting areas. The joint venture aims to establish future-ready, hospitality-led workplaces leveraging both global expertise and local market understanding.Read more

03 Feb 2026

India Power Corporation Limited has partnered with Bhutan's Green Energy Power Private Limited to develop a 70 MW solar project in Paro, part of a larger 1.5 GW solar expansion planned over the next five years. The move comes as Bhutan's power demand is set to more than double, driven by urban development, industrial growth, and digital infrastructure. The Tenchuka site offers favorable conditions for solar energy and easy power evacuation. This initiative marks Bhutan's first independent power producer solar project and highlights growing Indian investments in Bhutan's renewable sector.Read more

02 Feb 2026

The National Bank for Agriculture and Rural Development has projected Madhya Pradesh's priority sector credit potential at INR 3,75,384.29 crore for the financial year 2026-27, underscoring the continued dominance of agriculture in the state's economy. Presented during the State Credit Seminar in Bhopal, the State Focus Paper highlighted that agriculture contributes over 44 per cent to the state's gross state domestic product, driving sustained demand for institutional finance. Of the total projected credit, more than INR 2.08 trillion has been earmarked for agriculture and allied activities, while INR 1.46 trillion has been assessed for the MSME sector. The projections also cover sectors such as housing, renewable energy and social infrastructure, reflecting a broad-based assessment of the state's rural and economic development needs.Read more

02 Feb 2026

Shares of infrastructure companies gained sharply after the Union Budget 2026-27 proposed an increase in capital expenditure to INR 12.2 lakh crore, reinforcing the government's focus on infrastructure-led growth. Stocks of major engineering and construction firms rose on the BSE as investors reacted positively to the higher outlay and the announcement of an infrastructure risk guarantee fund aimed at attracting private capital. The finance minister presented the budget in Parliament earlier this week, highlighting infrastructure as a key driver of economic expansion amid global uncertainties. Market participants and industry executives indicated that the continued rise in public spending, alongside new risk-mitigation mechanisms, is expected to support long-term capacity creation, job generation and private sector participation across core infrastructure segments.Read more