Priyanka Vig

41 minutes ago

Homebuyers in India often make avoidable mistakes due to inadequate planning, legal oversight, and emotional decision-making. Common errors include unclear budgeting, skipping due diligence, trusting marketing promises, and ignoring long-term value. This blog outlines key mistakes Indian homebuyers make and explains how to avoid them through careful research, financial discipline, and informed choices. A structured and patient approach helps buyers protect their investment and ensures a smoother homebuying experience.Read more

1 hour ago

Work to replace old sewer lines in Janakpuri's A-1 Block is progressing to address long-standing drinking water contamination. The Delhi Jal Board informed the National Green Tribunal that about 40% of the project is complete, with 450 metres replaced out of the planned 1,140 metres. The issue, linked to leakage between sewer and water pipelines, had been confirmed through tests showing coliform bacteria and E. coli. Delays due to GRAP restrictions affected progress, but additional resources have now been deployed. The remaining work is expected to be completed by April 30.Read more

2 hours ago

Returnable plots were allotted to farmers who contributed land for the Seed Axis Road in Amaravati. In an e-lottery held earlier this week at the APCRDA office in Rayapudi, 17 plots were allocated to 10 farmers from Undavalli village. The allotment included both residential and commercial plots. The process was conducted transparently through an online randomisation system in the presence of farmers, followed by a trial run and live draw. Provisional certificates were issued, and officials advised beneficiaries to complete registration and seek assistance for plot identification.Read more

3 hours ago

KG Builders has launched two plotted residential projects KG Fields of Fortune in Kuthambakkam and KG Kingdom of Prosperity in Valarpuram near Thandalam as part of a 120-acre development portfolio in western Chennai. The projects carry an estimated Gross Development Value of around INR 400 crore and are located along the Valarpuram Thirumazhisai corridor, which is witnessing increased residential interest due to infrastructure developments such as the Chennai Metro Phase II extension, Chennai Bengaluru Expressway, Kuthambakkam Bus Terminus, and the proposed Parandur airport. The launch follows strong demand in the micro-market, with the developer's earlier project in Valarpuram fully sold out. The developments are aimed at both end-users and investors seeking plotted housing in emerging suburban locations supported by improving connectivity and relatively lower land costs.Read more

4 hours ago

India's housing market continues to demonstrate stability despite ongoing geopolitical tensions in West Asia involving the United States, Iran, and Israel, which have contributed to rising crude oil prices globally. As India remains heavily dependent on oil imports, elevated energy costs may create short-term pressure on construction and household budgets. However, industry stakeholders indicate that such impacts are gradual and manageable, with developers adapting through cost optimisation and pricing strategies. Demand is expected to remain steady, supported by end-user focus on quality housing and favourable long-term fundamentals including urbanisation, infrastructure expansion, and policy reforms.Read more

5 hours ago

Dubai's residential real estate market is undergoing a structural shift, with established prime districts such as Dubai Marina, Business Bay, and Palm Jumeirah witnessing stabilised rental yields and slower capital appreciation. Average gross rental returns across the city have ranged between 5% and 8% in recent years, though mature locations are increasingly viewed as income-generating rather than growth-led markets. Investor interest is gradually moving towards emerging master-planned communities including Dubai Hills Estate, District One, and Mohammed Bin Rashid City, where controlled supply and end-user demand are supporting stronger performance. The shift reflects a more segmented and supply-driven market environment between 2024 and 2026.Read more

6 hours ago

Hyderabad's premium residential market witnessed a significant rise in supply during 2025, with 29,187 new units added in the INR 2-5 crore segment, marking a 52% increase over the previous year, according to a report by Nklusive. North West Hyderabad accounted for the majority of supply, while average saleable prices increased 7% year-on-year to INR 7,850 per sq ft. Demand remained driven by larger home configurations, lifestyle-oriented developments, and proximity to employment hubs such as HITEC City, Gachibowli, and the Financial District. Despite a marginal moderation in absorption due to increased supply, the market continues to see sustained buyer interest from both end-users and investors, supported by infrastructure expansion and the growth of key residential corridors across the city.Read more

Delhi News Desk

7 hours ago

Delhi's Public Works Department (PWD) has introduced random inspections across road projects to improve construction quality and durability. Engineers will conduct on-site checks using modern equipment to assess materials and execution during different stages of construction. The move aims to detect issues early, reduce delays, and ensure accountability among contractors. The department is also working on setting up in-house testing facilities to speed up verification processes. This comes as Delhi undertakes large-scale road repairs and redevelopment to improve overall urban infrastructure and reduce recurring maintenance problems.Read more

8 hours ago

Chembur is undergoing a gradual transformation as historic landmarks and former industrial sites are redeveloped into premium residential destinations. Several locations once associated with studios, factories and institutional land uses are now attracting large residential projects, reshaping the suburb's real estate profile. Developers are increasingly targeting these legacy land parcels to create high-end housing supported by improved connectivity and established social infrastructure. Areas around the Bombay Presidency Golf Club and the former R.K. Studio site have emerged as prominent examples of this transition. With redevelopment gaining pace and multiple branded developers entering the micro-market, Chembur is steadily repositioning itself as a residential destination defined by premium housing developments built around historically significant locations.Read more

9 hours ago

The central government is working on a dedicated insurance support mechanism for shipping companies as risks rise due to the ongoing West Asia conflict. The proposal includes setting up a domestic protection and indemnity (P&I) structure and a war-risk insurance fund of around INR 1,000 crore. Global insurers have reduced exposure to high-risk routes like the Strait of Hormuz, leading to higher premiums and limited coverage. The move aims to ensure smoother trade operations, reduce reliance on foreign insurers, and support Indian shipping firms and exporters facing cost pressures.Read more

Gurugram News Desk

10 hours ago

Authorities in Gurugram have intensified action against illegal housing units in Palam Vihar, ordering sealing of properties and disconnection of utilities such as water and electricity. The move follows directions from the Punjab and Haryana High Court and complaints from residents about violations of building norms. Several plots were found to have multiple unauthorised units beyond permitted limits. Officials also flagged irregularities in approvals and registrations. With stricter enforcement now underway, the action is expected to impact property owners and tenants while addressing long-standing planning violations in the area.Read more

11 hours ago

International brokerage firm Banke International Properties has opened its Mumbai headquarters in Andheri as part of its strategy to strengthen its presence in India's real estate market. The new office will serve as the company's central hub for brokerage, advisory and investment services across western and southern Mumbai. The firm, which already operates in global markets such as the UAE, the United Kingdom, Qatar and South Africa, aims to expand its share in both residential and commercial property segments. Company officials stated that the location in western Mumbai will enable closer engagement with developers, investors and homebuyers while supporting the firm's international property advisory platform for Indian investors exploring overseas real estate opportunities.Read more

12 hours ago

The Municipal Corporation of Delhi has started repair and maintenance work on borewells across city parks to ensure water availability during the summer months. Around 3,500 borewells support over 15,200 parks, many of which depend fully on groundwater for irrigation. Funds are being released zone-wise and tenders are being processed to complete the work on time. The move comes after last year's maintenance delays led to water shortages in several parks. Officials are also checking non-functional equipment to improve reliability and reduce dependence on tanker supply.Read more

13 hours ago

India's Grade A office market is expected to maintain strong momentum in 2026, with leasing demand projected at 70-75 million sq ft and new supply estimated at 60-65 million sq ft, according to a report by Colliers. Expansion of Global Capability Centres (GCCs), rising adoption of flexible workspaces, and increasing institutional investment through REIT structures are identified as key drivers of growth. GCC occupiers are expected to account for 30-35 million sq ft of leasing, representing nearly 40-50% of demand, while flex space operators may lease 15-18 million sq ft. Major office markets including Bengaluru, Hyderabad, and Delhi NCR are likely to lead both demand and supply activity, supported by technology-driven occupiers and expanding talent corridors.Read more

15 hours ago

New Zealand's economy recorded modest growth in the fourth quarter, but the expansion came in below both analyst and central bank expectations, reflecting continued uneven recovery. Official data from Statistics New Zealand showed quarterly GDP rising 0.2% and annual growth at 1.3%, both weaker than forecasts. The softer performance weighed on the New Zealand dollar, which declined in response to market interpretation that there was limited pressure on the Reserve Bank of New Zealand to tighten policy further in the near term.Read more

16 hours ago

Maharashtra's registration and stamps department has achieved nearly 90% of its annual revenue target, supported by steady property registrations across the state. Collections have crossed around INR 56,000 crore against a target of INR 63,500 crore, with total registered documents already matching last year's full-year numbers. Monthly registrations have remained consistent, with a noticeable rise in recent months. Strong housing demand in key cities and increasing adoption of digital registration services have helped sustain this momentum, while industry stakeholders continue to seek stability in ready reckoner rates.Read more

17 hours ago

MRG Group has introduced The Riverfront, a large outdoor event venue in Panaji, marking its continued expansion in Goa's hospitality-led real estate segment. Located along the banks of the Mandovi River, the venue spans approximately 700 feet and can host up to 1,000 guests. Designed to accommodate weddings, corporate functions, exhibitions, and cultural events, the development integrates event infrastructure with an open, minimal architectural approach. Its proximity to established city landmarks and connectivity within the capital positions it as a prominent addition to Panaji's event and tourism ecosystem.Read more

Ghaziabad News Desk

18 hours ago

The Ghaziabad Development Authority collected only about 50% of its compounding fee target for the current financial year, highlighting a shortfall in a key revenue stream. Against a target of around INR 103 crore, the authority managed to collect nearly INR 52 crore across its zones. Compounding fees are charged for minor deviations in building plans. Alongside this, the authority also lagged in mutation processing performance on the state dashboard. Officials have linked the shortfall to operational challenges and are planning corrective steps to improve collections and efficiency.Read more

19 hours ago

Alliance City Developers Realtors Pvt Ltd has secured the Occupation Certificate for Alliance Eternis, a standalone premium residential project located on S.V. Road in Borivali West, Mumbai. The certification enables homebuyers to initiate possession and marks the completion of a boutique development targeting upper mid-segment buyers. The project features design-led elements such as Vastu-compliant layouts, sound-insulated windows, and lifestyle amenities including a terrace sky garden and gymnasium. The developer, with over a decade of operations in Mumbai, has delivered 12 projects spanning more than 1 million sq ft and housing over 700 families. The completion aligns with its ongoing portfolio across key micro-markets such as Malad, Vile Parle, Santacruz, Mulund, and Matunga, where multiple projects are at different stages of execution.Read more

20 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has executed a lease agreement with NTPC Limited for setting up a facility in Amaravati. The agreement was signed by Jubin Cheeran Roy, Joint Director (Estates), APCRDA, and Kundaram Pawan Kumar, authorised signatory for NTPC Limited. The move is expected to support institutional and infrastructure growth in the capital region. Amaravati is being planned as a hub for key government institutions and organisations. The entry of a central public sector enterprise such as NTPC is likely to add credibility to the city's development plans and strengthen long-term infrastructure and energy-related initiatives in the region.Read more

Bangalore News Desk

21 hours ago

The Karnataka government has requested the Centre to review building height restrictions around key aviation zones in Bengaluru, stating that they are affecting real estate development and limiting efficient land use. Deputy Chief Minister D. K. Shivakumar raised the issue with Kinjarapu Ram Mohan Naidu, seeking flexibility similar to other metro cities. The restrictions impact multiple airport and defence-linked areas, reducing the feasibility of vertical projects. The state is also working on long-term infrastructure plans, including a second airport and urban expansion measures.Read more

Indore News Desk

22 hours ago

Indore Metro has completed high-speed trials at 80 kmph on an extended stretch, marking a key step before expanding passenger operations. The Commissioner of Metro Rail Safety (CMRS) carried out detailed inspections of stations, systems, and safety mechanisms, including emergency braking and signalling checks. With inspections now complete, the project is awaiting the final No Objection Certificate. Once approved, the operational corridor will increase from 6 km to around 17.5 km, improving connectivity between the airport zone and major commercial areas such as Vijay Nagar.Read more

Delhi News Desk

23 hours ago

The New Delhi Municipal Council has started a pilot project to provide round-the-clock drinking water supply in the Vinay Marg area, covering about 550 connections, mainly government housing. The initiative focuses on improving supply reliability, reducing water losses, and upgrading infrastructure using systems like SCADA for real-time monitoring. With an estimated cost of around INR 1.38 crore, the project includes pipeline strengthening and network optimisation. It is part of a broader plan to modernise water distribution and, if successful, may be expanded to other NDMC areas.Read more

Priyanka Vig

21 Mar 2026

Choosing between ready to move and under construction homes involves balancing immediate comfort with future potential. Market data in 2025–26 show that under construction (UC) properties in many metros have risen above ready-to-move (RTM) prices, underlining strong demand and increasing construction costs. Ready homes offer immediate possession, rental income, GST exemptions and early tax benefits. Under construction homes provide lower initial costs, flexible payments and potential for capital growth. Understanding personal priorities, financial capacity and risk tolerance is key to making the right choice.Read more

21 Mar 2026

The Union government has approved a survey for the proposed Hyderabad Regional Ring Rail project, marking an initial step towards developing a rail network aligned with the Regional Ring Road (RRR) corridor. The approval, granted in the past week by the Ministry of Railways, will enable preparation of a Detailed Project Report (DPR) in coordination with the Telangana government. The proposed rail system is intended to enhance connectivity between Hyderabad and surrounding districts, while integrating with existing transport infrastructure. The project is expected to support passenger and freight movement, particularly across emerging industrial and peri-urban zones. The survey will assess alignment, technical feasibility, and cost parameters before further approvals from central agencies are considered.Read more

21 Mar 2026

Manglam Group has launched Summit Signature Sangam, a commercial development on Ajmer Road in Jaipur, with an investment of approximately INR 400 crore in collaboration with Sangam India Limited. The project spans over 11,500 sq yd and is planned as a ground-plus-three-floor structure offering flexible office spaces starting from around 1,100 sq ft. Located along the Ajmer Road Civil Lines corridor, the development targets corporate occupiers, multinational firms, and retail brands seeking central business locations. Construction is currently underway, with delivery expected within two years. The project reflects Manglam Group's expansion in the commercial real estate segment amid increasing demand for organised office infrastructure in Jaipur.Read more

Lucknow News Desk

21 Mar 2026

The Lucknow Development Authority (LDA) has adopted drones and satellite imagery to strengthen enforcement against unauthorised constructions and land-use violations. Initial surveys have focused on residential plots along major roads where some properties were being used for offices, showrooms, and retail without approved land-use changes. By combining GPS data, geospatial mapping, and aerial imagery, the authority is identifying deviations like unauthorised floors and layout changes. Over 5,000 illegal constructions have already been detected and sealed. Regular six-monthly surveys across all city zones are planned for ongoing compliance and prompt action.Read more

21 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted an e-lottery at its Amaravati project office to allot returnable plots to farmers who contributed land under the Land Pooling Scheme (LPS) for the development of the capital city. A total of 167 eligible farmers received 328 plots, including residential and commercial parcels. The allotments included newly identified plots, pending returnable plots and alternate plots given due to planning constraints. The process was carried out through an online randomised system in the presence of beneficiaries. Officials also advised farmers to complete registration and assured assistance for locating plot boundaries.Read more

21 Mar 2026

The Union government is examining the introduction of a Namo Bharat rapid rail service between Bhubaneswar and Cuttack to strengthen regional connectivity in Odisha. Announced in the past week by Railway Minister Ashwini Vaishnaw, the proposal involves operating high-frequency trains on a new railway line currently under consideration. The service is expected to run at intervals of around 30 minutes, offering a cost-effective alternative to the previously proposed metro project, which had an estimated cost of INR 6,255 crore. The plan is aimed at improving commuter mobility between the twin cities, which function as a single urban cluster with high daily traffic movement. The initiative forms part of broader efforts to expand semi-high-speed rail-based urban transit systems across emerging metropolitan regions.Read more

Delhi News Desk

21 Mar 2026

The Municipal Corporation of Delhi (MCD) has introduced an online portal to streamline the collection and disposal of construction and demolition (C&D) waste across the capital, enabling residents, developers, and contractors to request pickups through a digital interface. Launched in the past week, the platform connects users with authorised transporters and provides end-to-end tracking of waste movement to designated processing facilities. The initiative aligns with the C&D Waste Management Rules, 2025, and aims to address large volumes of debris generated daily in the city. Authorities have allowed free collection for waste up to one metric tonne, with prescribed charges beyond that limit. The system is expected to strengthen compliance, reduce unauthorised dumping, and support recycling efforts in Delhi's construction sector.Read more

21 Mar 2026

DRA Homes has acquired a 3.91-acre land parcel in Karanai, off Old Mahabalipuram Road (OMR) in Chennai, for INR 49.70 crore, with plans to develop a mid-segment residential project valued at around INR 500 crore. The acquisition, announced in the past week, is part of the company's strategy to expand its presence in high-growth residential corridors. The site is located near key IT hubs such as Sholinganallur, Navalur, and Siruseri, supporting sustained housing demand from professionals. The proposed development will target mid-income buyers and forms part of DRA Homes ongoing efforts to strengthen its land bank in emerging micro-markets across Chennai.Read more

Pune News Desk

21 Mar 2026

The completion timeline for the Hinjewadi Shivajinagar Metro corridor in Pune has been deferred again, with authorities citing construction and coordination challenges affecting progress. The project, being implemented by Pune IT City Metro Rail Limited (PITCMRL), is a key urban transit link connecting the city centre with the Hinjewadi IT hub. Initially targeted for earlier completion phases, the revised schedule now extends the delivery timeline beyond previous projections. The delay is attributed to land acquisition issues, utility shifting, and complexities in executing elevated structures along congested stretches. The corridor is expected to significantly ease traffic congestion upon completion, but repeated timeline revisions have raised concerns around execution pace and project management in large-scale urban infrastructure developments.Read more

21 Mar 2026

The Navi Mumbai Municipal Corporation has been designated as a mentor city under the Swachh Survekshan Swachh Shehar Jodi initiative, tasked with guiding five urban local bodies in Maharashtra Kannad, Jintur, Kej, Lonar, and Malkapur. The initiative, led by the central government under the Swachh Bharat Mission, pairs high-performing cities with those seeking improvements in sanitation and waste management. Navi Mumbai, part of the Super Swachh League, has already conducted site visits to assess sanitation systems and recommend improvements across waste segregation, collection, disposal, and public hygiene infrastructure. The programme also includes knowledge-sharing on citizen engagement and digital reporting systems, aimed at enhancing overall urban sanitation standards in participating cities.Read more

21 Mar 2026

Diligent Builders has obtained the occupancy certificate for Tower A of its Antriksh Valley project in Sector 1, Greater Noida West, enabling possession and registration for 144 residential units. The certificate, issued by the Greater Noida Industrial Development Authority in the past week, follows the clearance of all dues to the authority and regulatory bodies. The developer handed over keys to around 25 allottees at a possession event, marking the revival of a previously stalled project. The development, supported by INR 115 crore funding under the SWAMIH initiative, includes a total of 331 units across two towers. Construction of Tower B and remaining amenities is underway, with phased completion targeted by 2027.Read more

21 Mar 2026

Global Capability Centres (GCCs) in India are witnessing a shift as non-technology sectors such as manufacturing, retail, healthcare, and energy increase investments in operational and innovation hubs. Traditionally led by IT and financial services firms, GCCs are now being adopted by a wider range of industries to manage global processes, digital platforms, and analytics-driven operations. Companies including Bosch, Mercedes-Benz, Walmart, and Novartis have established significant centres in India. Cities such as Bengaluru, Hyderabad, and Pune remain key hubs due to their talent base and infrastructure. While IT-led GCCs still account for nearly half of the ecosystem, diversification into sector-led centres is accelerating.Read more

Pune News Desk

21 Mar 2026

The Pune Municipal Corporation has constituted a committee to examine property tax-related grievances in areas merged into city limits, following sustained complaints from residents and elected representatives. The decision, taken in the past week under the leadership of Mayor Manjusha Nagpure, comes amid concerns over high tax assessments on residential and commercial properties in recently integrated villages. Residents have argued that the current tax structure does not account for infrastructure gaps and differs significantly from earlier gram panchayat-based systems. The committee will review representations, consult stakeholders, and recommend corrective measures in coordination with the state government. The move follows earlier suspension of tax collection in these areas and reflects ongoing efforts to address disparities in taxation as Pune expands its municipal boundaries.Read more

21 Mar 2026

Residents of Mahagun Mywoods in Greater Noida West faced an 11-hour power outage in the past week after the Noida Power Company Limited (NPCL) disconnected supply over unpaid electricity dues of approximately INR 72 lakh. The disruption affected around 4,800 occupied flats across 27 towers, housing over 15,000 residents. The residential complex operates on a single-point electricity connection, where the developer collects payments from residents and remits dues to the utility. Despite partial payments, outstanding dues led to disconnection, forcing residents to rely on diesel generators. Power was restored later the same day after additional payments and an undertaking by the developer. The incident highlights recurring billing disputes and infrastructure risks in large, developer-managed residential communities.Read more

21 Mar 2026

CBRE has appointed Nikhil Shah as Senior Executive Director, Hotels & Hospitality, Capital Markets, India, strengthening its advisory capabilities in the country's hospitality investment segment. The announcement, made in the past week, places Shah in Mumbai, where he will focus on transaction execution and client advisory across hotel assets. With nearly two decades of experience in hospitality investments, banking, and private equity, he has been involved in complex, high-value transactions across asset classes. His role will include advising on investment opportunities and supporting portfolio expansion strategies. The appointment aligns with CBRE's broader Asia Pacific strategy to deepen its hotels and hospitality platform and enhance integration between regional capital markets and sector-focused teams.Read more

21 Mar 2026

Casagrand Premier Builder Limited has announced the launch of a new residential project, Casagrand Ascentia, in Saravanampatti, a growing technology and residential corridor in Coimbatore. The four-acre development will comprise 238 two- and three-bedroom apartments with prices starting from around INR 65 lakh. Designed as a B+G+5 residential complex, the project will include 51 lifestyle amenities along with landscaped open spaces, a clubhouse and recreational facilities. The developer stated that the project aims to cater to homebuyers seeking larger homes and community-oriented living within a location that offers proximity to employment hubs, educational institutions and urban infrastructure in the city.Read more

21 Mar 2026

Civic authorities across Telangana, including the Greater Hyderabad Municipal Corporation and other urban local bodies, have issued around 1.6 lakh notices to property tax defaulters in the past fortnight as part of an intensified revenue recovery exercise. The action targets residential and commercial property owners who have not cleared pending dues, with a significant share of assessed properties yet to comply. Authorities have reported substantial outstanding demand running into thousands of crore, prompting stricter enforcement measures. Alongside notices, civic agencies are deploying SMS alerts, appointing enforcement officials, and warning of legal action under municipal laws. The drive also coincides with ongoing settlement schemes offering partial relief on interest, aimed at encouraging voluntary compliance before escalation of recovery proceedings.Read more

21 Mar 2026

Cement stocks moved higher in the past week as expectations grew that companies may increase prices to pass on rising input costs, mainly fuel and energy. This has improved sentiment after a period of weak pricing power and margin pressure. Brokerages believe price hikes could support profitability in the near term. The sector has been impacted by high costs and competitive intensity, but consolidation and steady demand from infrastructure and real estate are offering support. The recent rally reflects cautious optimism around margin recovery and better pricing discipline.Read more

21 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an agreement for sale with XLRI Xavier School of Management to establish a new campus in Amaravati. The institute plans to develop the campus on a 61.7-acre land parcel with an estimated investment of around INR 300 crore. In its first phase, the campus will accommodate about 1,000 students and offer executive education programmes for around 200 professionals. The project is expected to strengthen Amaravati's education ecosystem and support the state government's plan to position the capital region as a hub for reputed national and international educational institutions.Read more

21 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) has introduced extended payment facilities for property taxpayers by keeping tax collection centres open on weekends and public holidays until the end of the financial year. The move aims to help property owners clear dues before the March-end deadline and support the ongoing property tax collection drive. Civic officials stated that all collection counters at the municipal headquarters and eight ward offices will operate during weekends and notified holidays, offering greater convenience for working residents. The civic body has also encouraged citizens to utilise digital payment options through mobile applications, QR code scanning and online banking platforms. Authorities added that property owners can also benefit from the ongoing Abhay scheme, which offers a concession on penalty charges for overdue tax payments.Read more

21 Mar 2026

Tata Power Delhi Distribution Limited has announced preparations to manage rising electricity demand during the upcoming summer season in Delhi. The utility expects peak demand within its service area to reach around 2,622 MW, while the overall peak demand across the capital could exceed 9,200 MW. To meet the anticipated requirement, the company has arranged power supply of up to 2,900 MW through multiple sourcing mechanisms including bilateral agreements and power exchange participation. Additional measures such as network upgrades, predictive maintenance and energy storage systems have been implemented to ensure reliable electricity supply across North Delhi, where the utility serves nearly nine million consumers.Read more

21 Mar 2026

The Allahabad High Court has directed authorities in Uttar Pradesh to ensure that residential developments incorporate accessible infrastructure for persons with disabilities, reinforcing compliance with statutory provisions. The order, issued in the past week, mandates the inclusion of features such as ramps, lifts, and barrier-free pathways in housing projects across the state. The court emphasised adherence to the Rights of Persons with Disabilities Act, highlighting gaps in implementation within existing and upcoming residential complexes. Authorities, including local development bodies, have been instructed to ensure compliance at both approval and execution stages. The directive places responsibility on developers and planning agencies to integrate accessibility into project design, signalling stricter scrutiny of housing approvals and construction standards in the state.Read more

20 Mar 2026

The Enforcement Directorate (ED) has restored immovable assets valued at about INR 650 crore to more than 2,300 homebuyers affected by stalled projects of Faridabad-based SRS Group. The restitution, enabled through provisions of the Prevention of Money Laundering Act (PMLA), followed verification of claims submitted by buyers who had invested in various residential and commercial developments. A special PMLA court in Gurugram permitted the restoration after establishing that the claimants were genuine purchasers without links to the alleged offences. The properties include flats and plots across multiple SRS developments in Haryana. The action forms part of an ongoing investigation into alleged financial irregularities and diversion of funds by the developer's promoters, which had left several housing projects incomplete and thousands of buyers in uncertainty.Read more

20 Mar 2026

InterRent Real Estate Investment Trust has announced a leadership transition at the top level, with its current Chief Executive Officer, President, and Trustee, InterRent Real Estate Investment Trust, set to step down. Brad Cutsey will resign from all executive and trustee roles effective March 23, 2026. In response, the company has appointed Dave Nevins as interim Chief Executive Officer, starting the same date. The transition reflects a planned leadership change aimed at ensuring continuity in operations while the trust manages its next phase of executive alignment and governance stability.Read more

Chennai News Desk

20 Mar 2026

The 14.6 km Chennai Metro stretch between Poonamallee Bypass and Vadapalani is now expected to open only after state assembly elections, due to restrictions under the model code of conduct and the desire for a full ceremonial launch. Conditional safety approvals have been granted, but final deck slab installations, signalling system adjustments, and incomplete stations remain. Initial services will operate on a limited schedule with selective station stops, gradually expanding as remaining stations and infrastructure are ready, providing much needed connectivity for west and central Chennai commuters.Read more

20 Mar 2026

Powerica Ltd, a provider of integrated power solutions, is launching a Rs 1,100 crore initial public offering, combining a fresh share issue of Rs 700 crore with an offer for sale of Rs 300 crore by promoters. The IPO, priced at Rs 375-395 per share and valuing the company at around Rs 5,000 crore, will primarily fund debt reduction. Bidding for anchor investors will occur before the public subscription opens, with the stock expected to debut in early April. The company has seen revenue growth, though net profit has declined recently.Read more

20 Mar 2026

Megaworld Corp's real estate investment trust, Mreit, has secured approval from the Securities and Exchange Commission for its property-for-share swap transaction with Megaworld Corporation. The approval allows Mreit to proceed with the exchange structure, where identified property assets will be transferred in return for shares. This development supports the ongoing asset infusion strategy between the entities and aligns with regulatory requirements. The transaction is expected to strengthen Mreit's asset base and maintain its portfolio expansion through asset-backed growth while ensuring compliance with existing corporate and regulatory frameworks.Read more