02 Oct 2025

Ingka Group has purchased a 53,000 square feet building in Manhattan's SoHo district for USD 213 million to open a two-story IKEA store, while converting four floors into office space for lease. This acquisition is part of the retailer's USD 2.2 billion U.S. expansion plan announced in 2023. Following previous investments on Manhattan's Fifth Avenue, IKEA is increasingly moving into city centres. The shift from suburban locations to urban spaces aligns with global trends in cities like Paris and London, aiming to reach urban customers directly.Read more

02 Oct 2025

The Union Cabinet has approved the doubling of the 104 km Bakhtiyarpur-Rajgir-Tilaiya railway line in Bihar with an investment of INR 2,192 crore. The project will enhance rail connectivity, improve service reliability, and boost freight and passenger capacity across four districts. Covering around 1,434 villages and benefitting 13.46 lakh people, the line connects important destinations like Rajgir, Nalanda, and Pawapuri. It also supports freight movement for commodities like coal, cement, clinker, and fly ash, while reducing oil imports and CO? emissions. The initiative aligns with the PM-Gati Shakti plan for integrated infrastructure.Read more

02 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in the Belapur division against unauthorised construction after repeated notices were ignored. Acting under the directives of Municipal Commissioner Dr Kailas Shinde and senior civic officials, the encroachment department organised the action with full deployment of staff, machinery, and police support. Authorities confirmed that similar anti-encroachment operations will be intensified in the future.Read more

02 Oct 2025

The Delhi government has approved over INR 1,000 crore for 431 development projects across 360 villages, marking the first large-scale initiative for rural areas at once. Chief Minister Rekha Gupta emphasized that villages are central to Delhi's identity and are vital for balanced urban-rural growth. The projects focus on roads, drainage, ponds, parks, community centers, sports fields, and cremation grounds. These will be executed across 30 assembly and four parliamentary constituencies with oversight to ensure transparency and efficient implementation.Read more

02 Oct 2025

The Maharashtra government has set up the Self-Group Redevelopment Authority (SGRA) to speed up self-redevelopment projects in Mumbai, appointing BJP MLC Pravin Darekar as chairman with Minister of State status. Acting alongside MHADA as the nodal agency, SGRA aims to help housing societies navigate disputes and accelerate approvals for self-managed redevelopment. The move builds on past government resolutions from 2019 encouraging societies to undertake redevelopment themselves.Read more

02 Oct 2025

The Bombay High Court has revoked letters of administration that had transferred ownership of a Malabar Hill bungalow valued at INR 150 crore. The property once belonged to Sir Jamshedji Duggan and was allegedly taken over through a forged will. The court fined the person involved INR 25 lakh and ordered cancellation of a transfer deed from 2022. Executors of the legitimate will of Dr Feroze Duggan challenged the transfer, saying it was based on false statements and unregistered documents. The court also opened criminal proceedings for using fake documents in court.Read more

01 Oct 2025

A large-scale cleanliness drive was carried out on the Sion-Panvel Highway and Thane-Belapur Road in Navi Mumbai, where more than 7,000 citizens, civic officials, staff, and volunteers participated despite heavy rainfall. The initiative, conducted under the ongoing 'Swachhata Hi Seva' campaign of the Central Government, saw significant involvement from over 5,000 members of Dr Nanasaheb Dharmadhikari Pratishthan. The civic body emphasised public participation, with additional commissioners and senior officials also joining the efforts, reinforcing Navi Mumbai's commitment to maintaining its reputation as a clean city.Read more

01 Oct 2025

The Enforcement Directorate has attached assets worth about INR 153.16 crore linked to the former promoters of Universal Buildwell Pvt. Ltd. as part of a money laundering probe. The move follows allegations that the company diverted over INR 1,000 crore collected from homebuyers and investors across projects in Gurugram and Faridabad. While the promoters remain in custody, the firm is under insolvency proceedings and buyers who have waited more than 15 years are still awaiting possession of incomplete projects.Read more

01 Oct 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has taken strong action against multiple developers, including Mahagun Group and Gaursons, after receiving complaints from homebuyers. The authority imposed fines, flagged misleading submissions, and referred several cases for punitive steps under Sections 13, 61 and 63 of the RERA Act. These measures mainly concern projects in Noida and Ghaziabad. Developers such as Mahalaxmi Group, Panchsheel Buildtech, SJP Hotels and Resorts, and Gaursons Hi-Tech Infrastructure also faced action for non-compliance. The crackdown highlights increasing scrutiny on real estate practices in the state.Read more

01 Oct 2025

Indian Railways has revised its standard tender contract conditions, introducing localisation and price variation clauses to improve procurement flexibility. The updates remove certain clauses related to joint ventures, consortiums, international tenders, and GST evaluation during tenders, while the dispute resolution clause will be issued separately. Contractors now have 60 days to replace defective goods, compared with 21 days earlier. Stricter GST compliance is enforced on items like trucks, air-conditioners, and subcontracted works. The Railways has retained its INR 2.65 lakh crore capital expenditure target for the year, with about 28% spent in the first quarter.Read more