22 Jun 2026

The Centre is preparing a scheme to provide financial assistance to contractors that create temporary accommodation for construction workers at project sites, Union Housing and Urban Affairs Minister Manohar Lal Khattar announced on June 18. The proposed support will be funded through labour cess collected by state governments and is aimed at improving worker welfare across the construction sector. The minister also indicated that the government is considering making durability certificates mandatory for buildings to enhance quality standards and accountability. Speaking at the Bharat Buildcon exhibition in New Delhi, Khattar urged developers to accelerate project execution using modern construction technologies, focus on sustainability and quality, and cater to housing demand across all income categories. He also highlighted the government's infrastructure investments and urban development initiatives.Read more

22 Jun 2026

The Bihar government is preparing to revise circle rates for land and flats across the state from the new financial year, with the Minimum Value Register potentially rising to three or four times current levels in several areas. The proposal, drawn up by the Department of Prohibition, Excise, and Registration based on district valuation committee recommendations, aims to correct a long-standing gap between official rates and actual market prices. Patna, Gaya, Muzaffarpur, and Bhagalpur are expected to see the sharpest increases, with the move set to push up stamp duty and registration costs for property buyers across urban Bihar.Read more

22 Jun 2026

India Infradebt Limited is set to raise up to INR 15 billion through a bond issuance with a tenure of five years and six months, according to bankers involved in the transaction. The fundraising includes a base issue of INR 5 billion and a greenshoe option of INR 10 billion. The bonds will carry a coupon rate of 7.92%, with commitment bids scheduled for June 22. The issue has received AAA ratings from ICRA and CRISIL, indicating the highest level of creditworthiness. The proposed borrowing comes amid an active primary debt market, with several issuers, including Embassy Office Parks REIT, IREDA and Torrent Power, also planning bond sales in the coming days to raise funds from institutional investors.Read more

22 Jun 2026

HDFC Property Fund and HDFC Capital Advisors have settled proceedings initiated by the Securities and Exchange Board of India (Sebi) over delays in winding up two real estate-focused venture capital fund schemes by jointly paying INR 26 lakh. The case relates to alleged non-compliance with Sebi's Venture Capital Funds Regulations concerning the liquidation of assets and distribution of proceeds under the HDFC India Real Estate Fund (HIREF) and HDFC IT Corridor Fund (HITCF). Sebi noted that both schemes exceeded prescribed timelines for winding up, with HIREF taking nearly seven years beyond its extended tenure to complete liquidation. The settlement, reached without admission or denial of findings, closes potential enforcement proceedings against the entities while highlighting regulatory expectations around timely closure of investment vehicles and distribution of investor funds.Read more

22 Jun 2026

YKK India, the Indian subsidiary of Japan-based YKK Corporation, will invest USD 150 million to establish a new manufacturing facility at Origins by Mahindra, an integrated industrial township near Chennai. The proposed plant, spread across approximately 149,936 square metres, will become YKK India's third manufacturing unit in the country and is expected to be completed by February 2028. The development marks a significant industrial investment within the 600-acre industrial cluster being developed through a joint venture between Mahindra World City Developers Ltd and Sumitomo Corporation of Japan. The facility will support the production of fastening products serving the apparel, textile and industrial sectors across domestic and international markets.Read more

22 Jun 2026

Generative Artificial Intelligence (GenAI) could contribute an additional USD 14-17 billion to India's real estate economy over the next seven years by improving productivity, accelerating project execution and enhancing customer engagement, according to a joint report by EY-Parthenon and CREDAI. The study estimates that GenAI adoption could increase sales velocity by 30-50 per cent, shorten product launch timelines by up to 30 per cent and improve operational efficiencies across the development lifecycle. The report suggests that the technology could contribute an additional 3-4 per cent to the sector's gross value added by 2033. Industry leaders believe GenAI's application across planning, design, construction, sales and customer interactions could significantly influence how developers manage projects and respond to evolving market demand.Read more

22 Jun 2026

The Odisha government has approved 20 major investment proposals valued at INR 76,612 crore, covering sectors ranging from green energy equipment and aerospace to steel, pharmaceuticals and advanced manufacturing. Cleared by the High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi, the projects are expected to generate employment for more than 500,000 people across the state. Significant investments have been proposed in lab-grown diamond manufacturing, solar equipment production, rare earth magnet manufacturing, steelmaking, power generation and pharmaceutical production. The approved projects are spread across districts including Khordha, Ganjam, Jajpur, Sambalpur, Jharsuguda, Sundargarh, Rayagada and Malkangiri, reflecting Odisha’s continued efforts to attract large-scale industrial investments and diversify its manufacturing base.Read more

22 Jun 2026

• Leading legal firms are expanding into GIFT City as the IFSC ecosystem evolves beyond banking into funds, leasing, treasury operations and cross-border finance.
• Recent office launches by firms such as Khaitan & Co and SNG & Partners reflect rising demand for specialised legal and regulatory advisory services.
• Industry experts believe the next phase of GIFT City’s growth will be driven by complex international transactions, creating fresh opportunities for legal professionals and consultants.Read more

22 Jun 2026

• Kochi recorded strong commercial real estate momentum in early 2026, supported by rising office leasing activity and sustained retail sector expansion.
• Demand from technology firms, GCCs, professional services companies and emerging businesses continues to strengthen the city’s office market.
• Retail development remains active, with organised shopping destinations and consumer-focused investments driving occupancy and footfall growth.
• Improving infrastructure, competitive occupancy costs and a growing talent base are reinforcing Kochi’s position as a key business destination in South India.Read more

22 Jun 2026

Phoenix Tailings has secured a conditional commitment for USD 500 million in long-term debt financing from the Pentagon’s Office of Strategic Capital to support the development of a rare earth processing facility in the United States. The funding forms a key part of a USD 1 billion project designed to strengthen domestic processing of critical minerals and reduce reliance on overseas supply chains, particularly China. The facility will process both mined concentrates and recycled materials into rare earth metals used across defence, technology and industrial sectors, with commercial operations targeted for 2028.Read more