22 minutes ago

Nagpur Municipal Corporation has seen a drop in property tax collections despite an increase in the total number of properties. Around 3.76 lakh property owners have not paid their dues, affecting one of the civic body's main revenue sources. Collections remain lower than last year even as targets were raised. Recovery work was also impacted due to election duties, while some zones showed weak compliance. The situation highlights gaps in enforcement and property tracking, even as the civic body continues to explore rebates and stricter recovery measures.Read more

52 minutes ago

Japan has announced a USD 10 billion financial support framework to help Asian countries procure crude oil and other energy resources amid rising Middle East tensions and supply disruptions. The funding will be routed through state-backed institutions to ease credit constraints faced by several Southeast Asian nations. The move also aims to protect Japan's own supply chains, which depend on regional manufacturing inputs. With limited stockpiles in Southeast Asia and heavy reliance on the Strait of Hormuz, concerns over supply stability have increased, prompting Japan to also plan a release from its oil reserves in the coming weeks.Read more

1 hour ago

The Municipal Corporation of Gurugram (MCG) has appointed a private agency to transport municipal solid waste to the Bandhwari landfill for a limited period of four months, as part of interim measures to manage waste disposal challenges. The decision, reported in the past week, comes amid ongoing constraints in waste processing capacity and delays in long-term waste management contracts. The agency will handle the movement of waste from secondary collection points to the landfill, ensuring continuity in daily sanitation operations. Gurugram generates substantial volumes of waste, placing pressure on existing infrastructure, while the Bandhwari site continues to operate beyond its designed capacity. The temporary arrangement is intended to prevent accumulation across the city while authorities work towards stabilising processing systems and awarding longer-term contracts.Read more

1 hour ago

Bajaj Housing Finance is planning to raise up to INR 10 billion through the reissue of its January 2029 bonds, including a greenshoe option of INR 5 billion. The proposed issuance, carrying a 7.25% coupon, will be offered to investors via commitment bids scheduled in the coming day. Rated AAA by CRISIL, the bonds have a remaining tenure of approximately two years and nine months. The fundraising forms part of broader activity in India's debt market, where multiple non-banking financial companies are tapping institutional investors for capital amid steady credit demand.Read more

2 hours ago

Invesco Mortgage Capital Inc has announced a leadership transition with Kevin Collins set to take over as Chief Executive Officer and David Lyle appointed as President. The changes follow the planned retirement of current CEO John Anzalone, which is scheduled to take effect later this month. The move reflects a structured succession plan within the company. Invesco Mortgage Capital, a real estate investment trust focused on mortgage-backed securities, has been aligning its leadership to support long-term strategy and market positioning amid evolving financial conditions.Read more

2 hours ago

Listed hotel operators in India are expected to add over 70,000 rooms by 2030, driven by sustained domestic travel demand and improving sector fundamentals, according to a report by CBRE South Asia. The expansion reflects a transition from post-pandemic recovery to a more stable growth phase, supported by rising occupancies and increased investor interest. The report indicates that hotel companies are adopting calibrated expansion strategies amid favourable demand conditions. The development also signals growing institutional participation in the hospitality sector, positioning it as an increasingly significant asset class within India's real estate investment landscape. The outlook highlights continued capacity addition across segments to meet long-term travel and business demand.Read more

3 hours ago

Non-banking finance companies are expected to increase their reliance on bank borrowings in FY27 as lower interest rates make bank loans more attractive compared to other funding sources, according to a rating agency update issued earlier this week. The share of bank borrowings, which had already risen to 43% in FY26, is projected to move closer to 45% in the current fiscal. The shift is being driven by softer bank lending rates, elevated bond yields, and muted external commercial borrowing activity amid global uncertainties and exchange rate volatility.Read more

Goa News Desk

3 hours ago

The Goa government is advancing the expansion of the Margao Canacona stretch of National Highway 66, with officials indicating that the project will significantly reduce travel time between the two locations. State minister Ramesh Tawadkar stated that the upgraded corridor is expected to cut commute duration by nearly half, improving connectivity across South Goa. The project involves widening and strengthening a key segment of the coastal highway network, which forms part of the larger Mumbai-Goa corridor. The development is aimed at easing congestion, supporting tourism movement, and improving access between commercial centres such as Margao and the southern taluka of Canacona. The initiative is part of broader highway upgrades underway across the Konkan region.Read more

4 hours ago

The World Bank has approved a USD 225 million loan for a highway modernisation project in Rajasthan aimed at improving road efficiency, safety, and climate resilience. The project will upgrade and maintain around 800 km of state highways and benefit more than 3 million people. It also seeks to strengthen the institutional capacity of the Rajasthan State Highway Authority and support job creation across key economic corridors spanning agriculture, industry, mining, and tourism. The funding, provided through the International Bank for Reconstruction and Development, includes a 35-year maturity with a five-year grace period. The initiative addresses infrastructure gaps in a state that connects nearly 40% of India's markets.Read more

4 hours ago

Prodea Real Estate Investment Company SA has announced a voluntary tender offer to acquire up to 50,000 bonds that were issued in 2021. The move is part of its broader capital management strategy and comes amid ongoing efforts by real estate firms to optimise their balance sheets. To fund this transaction, the company is planning to issue up to 10 million new shares. Such actions are generally aimed at improving financial flexibility, managing liabilities, and aligning long-term funding structures with current market conditions.Read more

5 hours ago

MMRDA welcomed a high-level Austrian delegation led by Austria's Minister for Economy, Energy and Tourism Wolfgang Hattmannsdorfer at its Bandra-Kurla Complex headquarters in Mumbai. Devendra Fadnavis interacted virtually and encouraged participation in infrastructure and sustainable urban development, aligned with Maharashtra's long-term economic vision. A Letter of Intent was handed over outlining cooperation in tunneling, technology transfer, skills development, tourism and institutional partnerships. The delegation also visited Atal Setu and reviewed emergency services, expressing satisfaction with the infrastructure standards and operational readiness.Read more

5 hours ago

Net leasing of office space across India's top eight cities declined 24 per cent in the January-March 2026 quarter to 11.51 million sq ft, according to Cushman & Wakefield, due to softer demand and an 18 per cent fall in new supply. Despite this, gross leasing rose 13 per cent year-on-year to 21.89 million sq ft, supported largely by global capability centres, which accounted for around 40 per cent of demand. Vacancy levels are gradually tightening as demand continues to outpace quality supply, while corporates remain cautious amid global uncertainties, though long-term market sentiment remains steady.Read more

6 hours ago

Greece has proposed extending the tenure of central bank Governor Yannis Stournaras, whose current term is set to end later this year. Having led the Bank of Greece since 2014, he played a key role in stabilising the country's economy during the debt crisis as finance minister. The move, announced by government spokesman Pavlos Marinakis, was widely expected under the government of Prime Minister Kyriakos Mitsotakis. If approved, Stournaras would become the first central bank governor in Greece to serve three consecutive terms.Read more

6 hours ago

ASBL has initiated the Expression of Interest process for its upcoming high-rise gated residential project at RTC X Roads in Hyderabad. The development is positioned in a central location with strong metro, rail, bus, and airport connectivity, along with proximity to Hussain Sagar Lake and key social infrastructure. Spread across 7.98 acres, the project includes three towers of G+50 floors with about 1,500 units, large open spaces, and extensive amenities. It offers 3 and 4 BHK homes in multiple configurations. The launch follows ASBL's previous projects that recorded strong sales performance in Hyderabad's residential market.Read more

6 hours ago

CREDAI MCHI Thane is set to host the 22nd edition of its Property Expo from 17 to 20 April at Dosti West County, Balkum. The four-day event will feature over 100 RERA-approved projects from 40+ developers, along with participation from leading financial institutions. With housing options starting from INR 50 lakh to premium homes and commercial spaces, the Expo aims to attract both homebuyers and investors. It will also showcase Thane's infrastructure-led growth, supported by projects such as the Thane Metro and Borivli-Thane tunnel, which are improving connectivity and driving real estate demand.Read more

7 hours ago

The planned Bombay High Court complex in Bandra East is expected to become a key development influencing Mumbai's real estate direction. Spread over 30 acres with a built-up area of over 60 lakh sq. ft, the project also includes proposed residential high-rise towers for government employees. The shift from the existing 146-year-old court building in Fort is seen as more than an infrastructure move, with experts suggesting it may reshape surrounding micro-markets. The development is expected to strengthen the Bandra East BKC corridor, trigger spillover demand in nearby areas, and support Mumbai's transition toward a multi-nodal growth model.Read more

7 hours ago

A 400-ton mobile crane toppled at a Metro construction site in Mumbai's Bandra Kurla Complex (BKC), disrupting traffic in the city's key business district. The incident, which occurred during lifting operations for the Metro Line 2B station, was attributed to a mechanical failure in the crane's lifting boom. No injuries were reported. The Mumbai Metropolitan Region Development Authority (MMRDA) has imposed a penalty of INR 1 crore on contractor J Kumar Infraprojects Limited following the incident. Restoration work continued through the day, with a higher-capacity crane deployed for removal. The event highlights ongoing safety and operational challenges at large infrastructure sites in high-density urban zones.Read more

8 hours ago

GHV Infra Projects Limited has secured an engineering, procurement and construction (EPC) contract valued at INR 1,250 crore from APCO Infratech Private Limited for developing expressway connectors between Jalna and Nanded in Maharashtra. The contract, awarded in the past week, covers end-to-end project execution including survey, design, engineering, construction, and maintenance, with a completion timeline of 30 months. The project forms part of ongoing efforts to strengthen road connectivity in the state, particularly across key districts in the Marathwada region. The order adds to the company's growing project pipeline, with its order book standing at approximately INR 9,000 crore as of late March, reflecting continued traction in civil construction and road infrastructure segments.Read more

8 hours ago

The Income Tax Appellate Tribunal (ITAT) has ruled that no capital gains tax is payable when a residential property is sold at the same price at which it was acquired, reaffirming that tax liability arises only when there is an actual profit. The decision, delivered in the past week by the Mumbai bench, involved a jointly owned flat that was sold for INR 85 lakh, identical to its purchase value. Despite this, the tax authorities had initially treated part of the transaction as short-term capital gains due to insufficient documentation. The tribunal set aside the addition after examining evidence and noting that no real income had been generated. The ruling provides clarity on capital gains computation and underscores the importance of accurate documentation in property transactions.Read more

9 hours ago

The Maharashtra government has ordered a Special Investigation Team (SIT) probe into alleged violations of the Maharashtra Housing and Area Development Authority (MHADA) quota in residential projects across Nashik. The decision, announced in the past week by Revenue Minister Chandrashekhar Bawankule, follows reports that developers failed to comply with the mandatory 20% reservation for economically weaker sections (EWS) and low-income groups (LIG). The probe will examine projects exceeding 4,000 sq m, where irregularities such as under-reporting of project size and use of forged documents have been flagged. As many as 49 projects are under scrutiny, with authorities expected to assess compliance, identify responsible stakeholders, and recommend legal and administrative action. The SIT has been tasked with submitting its findings within a defined timeframe.Read more

9 hours ago

The Brihanmumbai Municipal Corporation (BMC) is progressing with a road-widening project along SV Road in Andheri, where 502 structures have been marked for removal to ease congestion. The work is being executed in three phases under DCPR provisions, with the first phase largely completed. Authorities have encouraged partial voluntary demolition by property owners to speed up the process. The stretch remains a key traffic corridor in the western suburbs, and past similar drives across Mumbai indicate a continued focus on removing bottlenecks and improving road capacity.Read more

10 hours ago

A road accident on the Kalyan-Murbad route led to the death of 11 people after an overcrowded taxi collided with a cement mixer truck. The vehicle was carrying almost double its permitted capacity, which worsened the impact and left no survivors. The crash occurred on a partially open bridge, raising concerns about road conditions and traffic management. Initial findings pointed to overspeeding and negligence. The incident has once again highlighted issues around illegal shared transport operations and weak enforcement on busy regional routes.Read more

10 hours ago

The National Highways Authority of India (NHAI) has approved a revised design for the Enchakkal flyover approach roads in Thiruvananthapuram, allowing construction to resume after a prolonged halt. The updated plan replaces retaining walls with additional structural pillars to address safety concerns arising from similar failures elsewhere in Kerala. The project, valued at approximately INR 47 crore, is a key intervention along the NH-66 corridor aimed at easing congestion near the airport junction. With the southwest monsoon approaching in the coming weeks, contractors have been directed to accelerate pending works, particularly approach roads and drainage systems. The flyover forms part of broader efforts to improve urban mobility and streamline traffic flow across critical access routes in the state capital.Read more

11 hours ago

The Mumbai-Pune Expressway missing link project, which is in its final stage, may not meet its planned May 1 opening due to supply disruptions linked to the ongoing West Asia conflict. Shortage of bitumen and rising input costs have slowed the final surfacing work on key bridge sections. While tunnels and major road stretches are already complete, the last phase remains pending. Authorities are working to meet internal deadlines, but uncertainty over material availability and logistics continues to affect progress.Read more

11 hours ago

A group of homebuyers in Telangana has accused a construction firm of cheating after collecting substantial advance payments for a proposed villa project in Kollur, near Hyderabad, without initiating development or securing statutory approvals. Complaints filed with the Cyberabad Police's Economic Offences Wing (EOW) led to the registration of a criminal case under provisions related to cheating and criminal breach of trust. Buyers claimed they were persuaded to invest in the project under a pre-launch offer, with one purchaser reportedly paying INR 1.38 crore towards a villa valued at INR 1.60 crore. Investigations revealed that the project had neither received approvals from the Telangana Real Estate Regulatory Authority (RERA) nor the Hyderabad Metropolitan Development Authority (HMDA), raising concerns over compliance and project legitimacy.Read more

12 hours ago

India's office leasing market recorded gross absorption of 21.6 million sq ft across six major cities in the first quarter of 2026, reflecting a 10% year-on-year increase, according to a report by Savills India. The growth was led by strong occupier demand, particularly from technology firms, flexible workspace operators, and global capability centres (GCCs). Bengaluru emerged as the leading market with 6 million sq ft of leasing activity, followed by Hyderabad and Delhi-NCR. While demand strengthened, new supply declined 28% to 7.9 million sq ft, contributing to a moderation in vacancy levels to 13.9%. Large transactions exceeding 100,000 sq ft accounted for over half of total leasing, indicating continued preference for scale among occupiers despite prevailing global economic uncertainties.Read more

12 hours ago

Shree KB Group has announced an investment of approximately INR 422 crore for the development of a retail-led commercial project, KB West Walk, in Greater Noida West. Spread across around 2.9 acres, the project will offer a total leasable area of 7.5 lakh sq ft and comprise nearly 1,290 units available for sale and lease. The investment includes about INR 122 crore towards land acquisition and INR 300 crore for construction. Expected lease rentals have been estimated at INR 250 per sq ft. The development is scheduled for completion by October 2030 and reflects continued investor interest in organised retail infrastructure in high-density residential catchments of the National Capital Region.Read more

13 hours ago

Amazon has introduced an internal initiative, Project Houdini, aimed at significantly reducing the time required to build data centres for artificial intelligence workloads. Reported in the past week, the approach shifts construction from traditional on-site methods to factory-based modular assembly, enabling faster deployment of server infrastructure. The model is expected to cut construction timelines from several weeks to as little as two to three weeks for core data hall components, while reducing labour intensity. The initiative is part of Amazon Web Services broader effort to address capacity constraints driven by surging demand for AI computing. The development reflects a wider industry trend towards prefabrication and standardisation in digital infrastructure, as technology firms scale up investments in high-performance data centres globally.Read more

13 hours ago

Gujarat-based logistics and chemical trading firm A1 Ltd has achieved a significant operational milestone, with over 90 per cent of its vehicle fleet now debt-free and full repayment of vehicle-related liabilities targeted within the current financial year. The development, reported in the past week, coincides with the company's expansion of logistics capacity through the addition of 10 multi-axle tankers, taking its total fleet size to 71 vehicles. The move is aimed at meeting rising customer demand, improving delivery timelines, and reducing reliance on third-party logistics providers. The combined strategy of deleveraging and fleet expansion reflects a focus on strengthening operational efficiency and asset ownership within the company's logistics framework.Read more

14 hours ago

The United States has initiated a naval blockade targeting Iranian ports, marking a significant escalation in the ongoing geopolitical conflict in the Middle East. The enforcement, which began in the past week, applies to vessels entering or leaving Iranian coastal infrastructure across the Persian Gulf and Gulf of Oman, while allowing transit through the Strait of Hormuz for non-Iran-bound traffic. The move follows the collapse of diplomatic negotiations between the two countries and is aimed at restricting Iran's oil exports and economic activity. The development has triggered concerns over global energy supply disruptions, with oil prices reacting sharply and maritime traffic facing increased scrutiny. The blockade is expected to have implications for international shipping, logistics, and trade flows, particularly across Asia-bound energy corridors.Read more

14 hours ago

Bharatiya Mazdoor Sangh has raised concerns over escalating labour unrest in the industrial clusters of Manesar and Noida, calling for immediate corrective measures including fair wage practices and improved grievance redressal systems. The union stated that worker dissatisfaction stems from wage disparities, rising living costs, and increased contractualisation. It also cautioned against external influences aggravating tensions. The unrest, which intensified in the past week, has led to incidents of violence, property damage, and police intervention in parts of Noida and Haryana. BMS has urged industry stakeholders and the government to restore normalcy through structured dialogue while ensuring strict action against both labour law violations and acts of violence.Read more

15 hours ago

The Union government has announced a tax exemption on compensation received by landowners whose land is acquired for national highway projects, removing the liability of income tax and stamp duty on such transactions. The decision, reported in the past week, is expected to provide financial relief to affected individuals, particularly farmers and rural landholders. The move aligns with provisions under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, and forms part of broader efforts to ease land acquisition challenges in infrastructure development. By ensuring that compensation remains fully accessible to beneficiaries, the policy aims to reduce disputes, improve acquisition timelines, and support the execution of highway projects across the country.Read more

15 hours ago

The Maharashtra government is implementing infrastructure projects worth approximately INR 6,500 crore across Gadchiroli district, covering over 140 initiatives spanning roads, irrigation, healthcare, and urban development. Reported in the past week, the programme is aimed at improving connectivity, strengthening public infrastructure, and supporting economic activity in a region historically affected by limited development. Road projects alone account for over INR 3,000 crore, focusing on linking remote areas, while irrigation schemes and healthcare upgrades are being undertaken to improve agricultural output and access to services. The initiative forms part of a broader strategy to integrate Gadchiroli into the state's economic framework, alongside parallel plans to develop the district as a mining and industrial hub supported by enhanced infrastructure and connectivity.Read more

16 hours ago

Indian Hotels Company Limited (IHCL) has signed a 165-key greenfield Vivanta hotel at Bhogapuram International Airport in Vizianagaram, Andhra Pradesh, expanding its presence in an emerging aviation-linked corridor. The project is positioned to cater to corporate, MICE, and transit demand, supported by infrastructure development and tourism initiatives in the Visakhapatnam Bheemili Bhogapuram region. With this addition, IHCL's portfolio in Andhra Pradesh will increase to nine hotels, including four currently under development. The signing reflects continued hotel development activity in airport-driven micro-markets, where connectivity upgrades and regional growth corridors are shaping demand for organised hospitality assets.Read more

16 hours ago

Indian Railways, in collaboration with Bharat Petroleum Corporation Ltd (BPCL), has operationalised a Gati Shakti Cargo Terminal in Jammu, aimed at improving fuel transportation and logistics efficiency in the region. Commissioned in the past week, the facility has been developed under the Gati Shakti Multi-Modal Cargo Terminal policy to enhance freight handling capacity and reduce dependence on road transport. The terminal is expected to facilitate the movement of petroleum products, ensuring streamlined supply to Jammu and surrounding areas. The initiative forms part of the broader push to modernise rail-based logistics infrastructure, promote private sector participation, and improve multimodal connectivity. The development is also aligned with national infrastructure priorities focused on cost efficiency and faster cargo movement.Read more

17 hours ago

The Haryana government has amended its Affordable Housing Policy, 2013, introducing mandatory provision of one car parking space per dwelling unit across projects. The revision, notified in the past week, also increases allotment rates across cities including Gurugram, Faridabad and Sohna. Parking costs have been capped at 10% of the flat price, with developers required to demarcate spaces at the approval stage. The changes will apply to upcoming allotments and partially to ongoing projects, subject to buyer consent. Projects with occupation certificates remain exempt. The revision reflects a broader recalibration of policy norms to address infrastructure gaps in high-density housing while accommodating rising construction and land costs across the state's affordable housing segment.Read more

17 hours ago

Retail real estate leasing across India's top seven cities stood at approximately 4.3 million sq ft in the second half of 2025, reflecting stable occupier demand amid evolving market conditions, according to an Anarock report. High-street locations led leasing activity, supported by limited availability of quality mall space and continued retailer expansion. Mid-sized store formats between 1,000 sq ft and 5,000 sq ft dominated transactions, indicating a preference for flexible and cost-efficient retail footprints. Rental growth was observed in prominent high-street micro-markets, while mall rentals remained largely stable with selective increases in premium Grade A developments. Delhi-NCR and Hyderabad accounted for a significant share of upcoming supply, highlighting the concentration of new retail development in these regions.Read more

18 hours ago

A newly constructed air traffic control (ATC) tower at Vijayawada Airport is nearing operationalisation after completing a month-long trial run, with the Airports Authority of India (AAI) seeking approval from the Directorate General of Civil Aviation (DGCA). Built at a cost of INR 90 crore, the facility is expected to enhance air traffic management capacity and improve operational efficiency at the airport. The G+2 structure, developed over approximately two and a half years, has already handled live air traffic during the trial phase without disruptions. Once commissioned, the new tower will replace the existing facility and support increasing flight movements amid rising passenger demand and network expansion. The development forms part of broader infrastructure upgrades underway at Vijayawada Airport.Read more

18 hours ago

The tender process for preparing the Detailed Project Report (DPR) for Nagpur Metro Phase III has progressed to the evaluation stage, with two firms submitting bids for the consultancy assignment. Maharashtra Metro Rail Corporation Limited (MahaMetro) has initiated technical scrutiny of the proposals, after which financial bids will be opened before awarding the contract. The DPR will define the scope of the proposed Phase III expansion, which is expected to be the largest addition to the Nagpur Metro network, covering multiple new corridors including Inner Ring Road, Sitabuldi Koradi, Butibori extension, and New Nagpur connectivity. Once a consultant is appointed, groundwork for surveys and planning is expected to commence next month, forming the basis for subsequent state and central approvals.Read more

Ludhiana News Desk

19 hours ago

The Ludhiana Improvement Trust (LIT) has confirmed that the draw of lots for 179 flats under its Atal Apartment scheme will be conducted on April 14 in Ludhiana. The allocation includes 43 High Income Group (HIG) and 136 Middle Income Group (MIG) units, with over 1,500 applications received for the remaining inventory. The draw will be held at Nehru Sidhant Kendra, following scrutiny of applications and publication of the final applicant list. The project, located at Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later in the year. The scheme remains LIT's only active housing project, reflecting continued demand for state-led residential supply in the city.Read more

19 hours ago

The Delhi government has proposed a 19.2 km elevated road corridor along the Yamuna, stretching from Wazirabad to the DND Flyway, as part of a broader push to improve urban mobility and reduce congestion. The plan, reviewed in the past week, includes phased development of the corridor alongside metro expansion and multiple flyover projects. A 2.62 km flyover between Tripolia Gate and Barfkhana has also been proposed. The initiative is being considered alongside ongoing Delhi Metro Phase IV works, where over 100 km of network is under construction. The combined approach seeks to enhance north-south connectivity, reduce travel time across key traffic corridors, and strengthen integration between road and rail-based transport infrastructure in the capital.Read more

20 hours ago

The Guwahati Municipal Corporation (GMC) has raised concerns over the increasing use of residential properties for commercial activities across the city, as a nationwide inquiry ordered by the Supreme Court comes into effect. Mayor Mrigen Sarania acknowledged the prevalence of mixed-use buildings, particularly where ground floors are used commercially while upper floors remain residential. The development follows a directive requiring civic bodies in all state capitals to survey and report unauthorised commercial use of residential premises by mid-May. The issue highlights challenges in enforcing zoning regulations in rapidly expanding urban centres such as Guwahati, where commercial spillover into residential neighbourhoods has intensified. Municipal authorities are expected to undertake detailed mapping of such violations and submit compliance reports as part of the court-monitored exercise.Read more

Ghaziabad News Desk

20 hours ago

The Uttar Pradesh government has approved a redevelopment plan worth approximately INR 2,200 crore for Ghaziabad, centred on an international cricket stadium and a 380-acre aerocity township in Raj Nagar Extension. Led by the Ghaziabad Development Authority (GDA), the project includes a 37-acre stadium with a seating capacity exceeding 30,000 and an integrated urban hub featuring hotels, retail, business spaces, and residential complexes. The proposal, first conceptualised over a decade ago, has gained momentum in the past week following administrative clearances. The development also includes an international convention centre, sports academy, and green infrastructure. Positioned near the airport, the project aims to combine sports, tourism, and commercial activity within a single planned ecosystem.Read more

21 hours ago

The Punjab Pollution Control Board (PPCB) has revised its enforcement approach to ensure that homebuyers are not penalised for environmental violations committed by developers in residential and commercial projects across Punjab. Under fresh directions issued in the past week, the Board has allowed execution of sale deeds and provision of electricity connections for individual buyers in projects that have breached pollution control norms. The move follows public complaints and recommendations of a committee constituted earlier this year, which found that earlier restrictions had caused significant hardship to buyers who were unaware of such violations. While relief has been extended to purchasers, the PPCB has maintained that strict legal and regulatory action will continue against non-compliant developers until full adherence to environmental norms is achieved.Read more

22 hours ago

Regional airline Star Air has announced the launch of scheduled services connecting Mundra, Gujarat, with six cities across western and northern India, with operations set to commence later this month. The expansion will include 38 direct weekly flights and additional one-stop services, collectively adding over 17,000 seats per month. Key destinations include Mumbai, Hindon (Delhi-NCR), Goa (Mopa), and Surat, alongside indirect connectivity to Kolhapur and Bhuj. The move is aimed at strengthening air access to Mundra, a major port and industrial hub, where direct connectivity has remained limited. Operated using Embraer E175 aircraft, the new routes are expected to support business travel, logistics movement, and regional economic activity, particularly in Gujarat's Kutch region.Read more

23 hours ago

The Chandigarh administration has approved an increase in the Floor Area Ratio (FAR) for group housing projects, aimed at reducing per-unit housing costs and improving affordability in the city. The decision, cleared in the past week, allows higher construction density, including permission for additional floors in select developments such as the Sector 53 housing scheme. The revised FAR, increased from earlier limits, is expected to enable developers to build more units on the same land parcel, thereby distributing land costs across a larger inventory. The move aligns with the Chandigarh Master Plan framework and follows concerns over high housing prices and limited supply. The policy also introduces caps on ground coverage and building height to maintain planning controls while facilitating higher-density development.Read more

Hyderabad News Desk

15 Apr 2026

The Cyberabad Municipal Corporation (CMC) has directed builders and developers to implement stringent safety and environmental measures at construction sites across its jurisdiction in Hyderabad. The instructions, issued during a stakeholder meeting in the past week, emphasise compliance with statutory norms, including worker safety, dust and pollution control, and adherence to sanctioned building plans. The civic body has also mandated proper disposal of construction debris through authorised agencies and reinforced conditions around occupancy certificate approvals. The move comes amid increasing construction activity in the IT corridor and surrounding areas, with authorities seeking to ensure that urban expansion does not compromise public safety or environmental standards. The directive applies to both ongoing and upcoming projects and involves coordination with industry bodies.Read more

Gurugram News Desk

15 Apr 2026

The Gurugram Metropolitan Development Authority (GMDA) has initiated a major drainage infrastructure project to address chronic waterlogging along the Old Delhi-Gurgaon Road, a critical arterial corridor in Gurugram. The proposed intervention involves constructing a continuous surface drainage network spanning approximately 7.5 km between Mahavir Chowk and the Kapashera border. The project, planned in the past week, aims to streamline stormwater flow and mitigate monsoon-related flooding that has affected mobility and adjacent urban areas for several years. The initiative forms part of GMDA's broader efforts to upgrade ageing infrastructure in older parts of the city, where rapid urbanisation and inadequate drainage systems have led to repeated disruptions. Implementation is expected to improve road usability and reduce flood-related damage.Read more

15 Apr 2026

The district administration in Beed has intensified efforts to expedite land acquisition for the Beed Parli Vaijnath railway corridor, with the district collector conducting a multi-location inspection across key tehsils. The review, carried out in the past week, focused on resolving pending land acquisition issues and technical constraints that have slowed project progress. Covering villages in Wadwani, Dharur and Parli tehsils, the inspection involved direct engagement with affected landowners and coordination with railway and state officials. The corridor is part of a broader rail infrastructure initiative aimed at improving connectivity between Marathwada and major economic centres such as Mumbai and Pune. The intervention is expected to facilitate smoother execution by addressing stakeholder grievances and unlocking stalled land parcels critical to project completion.Read more

15 Apr 2026

Maharashtra Metro Rail Corporation Limited (Maha Metro) has submitted a revised Detailed Project Report (DPR) for the Bhakti Shakti Chakan metro corridor, increasing the project cost to INR 12,937 crore from an earlier estimate of INR 10,383 crore. The revised plan, reported in the past week, extends the corridor length to approximately 47.2 km and increases the number of stations from 31 to 34. Key modifications include alignment changes across industrial zones such as Bhosari MIDC and Landewadi, along with a proposed 17 km integrated double-decker structure in coordination with the National Highways Authority of India (NHAI). The proposal has been submitted to the Pimpri Chinchwad Municipal Corporation (PCMC) for review and will require state-level approval before progressing towards implementation.Read more