22 minutes ago

The Mumbai Metropolitan Region Development Authority has progressed work on Mumbai Metro Line 6 with the completion of a key engineering task involving a 42 metre steel composite span over the active Western Railway corridor near Jogeshwari. The project corridor spans 14.5 km with 13 stations and forms part of the Pink Line, with civil work currently about 87.7% complete. The execution included construction of a critical pier between live railway tracks and precision installation of a heavy steel structure using high-capacity cranes within a limited railway block, without affecting train operations.Read more

52 minutes ago

SpazeOne has expanded its presence in Bengaluru with the launch of a new coworking facility in Whitefield, spread across 15,000 sq ft with a capacity of 320 desks. The company is looking to scale its operations further by adding 10 more centres across South India during the current financial year, covering nearly 2.5 lakh sq ft. The move comes amid rising demand for managed workspaces from global capability centres, startups and distributed teams, particularly in key micro-markets such as Whitefield, which continues to see steady commercial real estate activity.Read more

1 hour ago

Singapore-based CapitaLand Investment has secured a SGD 2.4 billion (USD 1.9 billion) mandate from Income Insurance to manage the insurer’s directly held real estate portfolio. The mandate covers retail, commercial and industrial assets held both directly and through joint ventures. The assignment strengthens CapitaLand Investment’s role as a key manager for institutional capital in Singapore and supports its broader strategy of expanding across Asia Pacific. The development comes alongside strong transaction activity in 2025 and the current year, reflecting continued capital recycling across asset classes and active deal flow in the region.Read more

1 hour ago

The Rajasthan government is set to upgrade 14 state highways under a World Bank-funded programme aimed at improving connectivity, safety and logistics efficiency across key economic corridors. The initiative forms part of the Rajasthan Highway Modernisation Project, supported by USD 225 million in financing. The programme will cover multiple highway stretches, contributing to the upgrade and maintenance of around 800 km of road network. It is expected to benefit more than 3 million people while supporting sectors such as agriculture, mining, industry and tourism. The project also focuses on climate-resilient infrastructure and institutional strengthening of the state highway authority, reflecting a shift towards performance-based road management.Read more

2 hours ago

Balrampur Chini Mills Ltd has approved an investment of INR 160 crore to set up a lactogypsum processing plant in Uttar Pradesh as part of its expanding bio-based operations. The company has also increased the cost of its ongoing PLA manufacturing project to around INR 3,080 crore due to rising input costs and design changes. To support these plans, it will raise up to INR 450 crore through preferential share allotment and an additional INR 200 crore via non-convertible debentures. The move reflects its continued focus on diversification into sustainable materials and value-added byproducts.Read more

2 hours ago

The Reserve Bank of India reported a net purchase of USD 7.409 billion in the spot forex market in February, marking its second straight month of dollar buying after a prolonged selling streak. The move follows sustained interventions between June and December, when the central bank sold large amounts of foreign currency to stabilise the rupee. While the rupee saw brief strength after an interim India–US trade development, it later weakened due to global tensions. The RBI also introduced measures to curb speculative activity and maintain orderly market conditions amid continued volatility.Read more

3 hours ago

Ongoing delays in road overbridge (ROB) construction across Thiruvananthapuram have intensified traffic congestion at multiple railway crossings. While one bridge has been completed, several key projects remain pending, affecting both road commuters and train operations. These overbridges are part of a broader railway infrastructure upgrade, including line doubling works, but progress has been uneven. Incomplete structures have forced continued reliance on level crossings, leading to frequent traffic halts and longer travel time. Authorities have indicated that the remaining works will be taken up in phases, though timelines are still unclear.Read more

Hyderabad News Desk

3 hours ago

A land auction in Hyderabad’s Osman Nagar has set a new benchmark, with bids reaching INR 51.25 crore per acre, well above the base price. Conducted by the Telangana Industrial Infrastructure Corporation, the sale of two land parcels generated around INR 768 crore, showing strong developer participation. The location’s connectivity to the Outer Ring Road and Financial District supported demand. The outcome highlights steady investor confidence in Hyderabad’s real estate market and indicates growing interest in emerging micro-markets beyond established prime locations.Read more

4 hours ago

Homebuyers of Lavasa Corporation have approached the appellate tribunal against the approved insolvency resolution plan, raising concerns over inadequate protection of their interests. The plan, cleared by lenders with over 90 percent voting, has now come under scrutiny for its treatment of buyers awaiting possession. Lavasa’s long insolvency process, marked by multiple failed bids and delays, continues to face hurdles. The latest legal challenge highlights the ongoing conflict between creditor recovery and homebuyer rights, which remains a key issue in large real estate insolvency cases.Read more

4 hours ago

Navi Mumbai International Airport is expected to significantly increase its operations by the end of the year, with daily passenger traffic projected to reach 50,000 and flight movements rising to around 380. The airport, which began domestic operations in the past year, is currently handling 20,000 passengers daily. Plans to start international services have been delayed due to geopolitical tensions in the Gulf region. IndiGo continues to dominate operations at the airport, contributing a major share of flights and expected to drive further growth.Read more

4 hours ago

Casin Real Estate Development Group Co Ltd, listed on the Shenzhen Stock Exchange under 000838.SZ, has announced that trading in its shares will be suspended on April 24, 2026. The company has stated that the suspension is linked to the implementation of delisting procedures along with additional risk warnings attached to its listing status. Trading is planned to resume on April 27, 2026, after the required procedural steps are completed. The action reflects standard regulatory measures used in the exchange system to manage companies undergoing delisting-related processes and ensure compliance with disclosure requirements.Read more

5 hours ago

HD Hyundai is moving ahead with a USD 4 billion investment to set up a large shipyard in Tamil Nadu, marking a key step in India’s shipbuilding expansion plans. The project, located in Thoothukudi, will be developed through partnerships with government-backed entities and is expected to anchor a broader shipbuilding cluster. It aligns with India’s target to become a leading global shipbuilder and is likely to bring advanced technology, vendor ecosystems, and higher production capacity to the domestic maritime sector.Read more

5 hours ago

IndusInd Bank reported a higher-than-expected quarterly profit, supported by a sharp reduction in provisions for bad loans and an improvement in asset quality. The lender posted a profit of INR 5.33 billion for the quarter ended March-end, above analyst estimates of INR 3.89 billion. The improvement came after a challenging previous year marked by governance concerns and a large accounting-related loss. Asset quality strengthened as gross bad loans declined, while credit costs eased. However, loan and deposit growth remained under pressure even as net interest income recorded strong growth during the quarter.Read more

5 hours ago

Indian government bond yields moved higher in recent sessions as crude oil prices crossed USD 100 per barrel following escalating tensions between the US and Iran. The disruption in the Strait of Hormuz, a key global energy route, has raised concerns over supply constraints and rising import costs for India. Market participants are factoring in higher inflation risks and potential pressure on economic growth. The rupee weakened, equity markets declined, and swap rates rose, reflecting broader market caution. The Reserve Bank of India has indicated a wait-and-watch approach, viewing the oil surge as a supply-driven shock.Read more

6 hours ago

Crown Castle reported stronger-than-expected site rental revenue for the first quarter, supported by continued demand from telecom operators expanding network capacity. The company recorded USD 961 million in site rental revenue, exceeding market estimates. Growth in mobile data usage and rising demand linked to AI applications have supported leasing activity. The firm is also transitioning to a pure-play tower business after exiting fiber and small cell segments, with closures expected in the first half of 2026. Cost-cutting measures, including workforce reduction, are expected to improve operational efficiency and savings.Read more

6 hours ago

A recent EY-HICA report has suggested that the GST Council may consider lowering tax on household insecticides from 18 per cent to 5 per cent to improve affordability and strengthen preventive healthcare against vector-borne diseases. It highlights that products like coils, aerosols, and liquid vapourisers remain essential for household-level protection in India, where disease exposure is uneven. The report notes that higher taxation impacts access for vulnerable groups and calls for alignment with essential hygiene products. It also highlights rising market demand and strong urban and rural penetration of these products.Read more

7 hours ago

The Maharashtra government has signed an agreement with Tatya Saheb Kore Warana Co-operative Navshakti Nirman Sanstha Ltd to develop three pumped storage hydropower projects with a total investment of around INR 5,200 crore. These projects will add 1,100 MW of capacity and generate about 1,100 jobs. The move comes as the state prepares for rising power demand, especially from data centres. Officials highlighted that pumped storage will support grid stability and renewable energy use, while also contributing to long-term energy planning and employment generation across the state.Read more

7 hours ago

Chalet Hotels Limited has approved the acquisition of Seasons Hotels Private Limited, the owner of the 144-room Inder Residency Resort & Spa in Udaipur, for INR 171 crore. The deal will be completed through phased purchase of 100 per cent equity shares and is expected to close by May 15, 2026 or a mutually agreed date. This move marks the company’s entry into the Udaipur market and aligns with its strategy to expand its leisure hospitality portfolio across different regions. The property is planned for upgradation and possible expansion in the future.Read more

8 hours ago

Digital Realty Trust has revised its annual revenue and core funds from operations (FFO) outlook upwards, supported by sustained demand for data center infrastructure driven by artificial intelligence adoption. The company saw investor interest rise, with its shares gaining more than 2.5% in extended trading following the update. Growth in cloud computing, AI workloads, and enterprise digital transformation has strengthened occupancy and leasing activity across its global portfolio. The company also reported stable quarterly performance in line with expectations, while its adjusted FFO surpassed estimates, reflecting operational strength and improving demand conditions across key international markets.Read more

8 hours ago

The Delhi High Court has upheld the New Delhi Municipal Council’s decision to terminate Bharat Hotels’ licence for The LaLit hotel and revived a long-pending licence fee demand of INR 1,063.74 crore. The court found that the company violated key terms of the 1982 agreement by allowing unauthorised transfers within the commercial complex. It also set aside a 2023 single-judge relief order. The ruling directs the hotel operator to hand over possession within 90 days, strengthening NDMC’s position over public land use and compliance.Read more

9 hours ago

The Municipal Corporation of Chandigarh has announced a rebate on property tax for the current financial year to encourage timely payments. Residential property owners can avail a 20% rebate, while commercial properties are eligible for a 10% discount if dues are cleared by May 31. The civic body has also outlined deadlines for offline payment modes and warned of penalties after the due date. Property tax continues to be a key revenue stream, supporting essential civic services and infrastructure development across the city.Read more

Gurugram News Desk

9 hours ago

Gurugram has continued restoration and infrastructure improvement work following demolition drives carried out to remove illegal encroachments across several residential colonies. Authorities cleared ramps, boundary extensions, guard rooms and other unauthorised constructions that had reduced road width and affected movement in internal streets. After the removal process, agencies have started restoring damaged stretches, improving access roads and strengthening basic civic infrastructure. Monitoring systems are being reinforced to prevent re-encroachment, while residents have expressed mixed reactions over enforcement and the impact of the drive on long-standing structures.Read more

10 hours ago

The Enforcement Directorate has carried out searches across multiple locations in Haryana and Punjab in connection with a money laundering case involving an alleged INR 145 crore fraud linked to fixed deposits of the Panchkula Municipal Corporation. The case originates from an FIR filed by the Haryana Vigilance and Anti-Corruption Bureau, which flagged embezzlement of civic funds held at a Kotak Mahindra Bank branch. Investigations have revealed a suspected nexus between bank officials, municipal staff and private individuals, with forged documents, unauthorised accounts and fund diversion routes being used to siphon and circulate public money.Read more

10 hours ago

The Swiss National Bank reported a net loss of 498 million Swiss francs (CHF) for the first quarter, as a sharp decline in foreign currency investments outweighed gains from rising gold prices. Losses of around CHF 8.2 billion on equities and bonds, driven by weak global markets and expectations of higher interest rates, impacted overall performance. This was partially offset by a CHF 7.8 billion gain in gold holdings, supported by a 6.8% rise in gold prices. The central bank continues to remain exposed to global market fluctuations due to its large foreign asset portfolio.Read more

11 hours ago

Authorities have registered an FIR against four individuals for carrying out unauthorised construction on land earmarked for the expansion of the Noida International Airport. The action follows identification of encroachments on acquired land, where construction activity is prohibited after notification. Officials indicated that such violations could impact compensation eligibility and disrupt planned infrastructure development. The case highlights ongoing challenges in safeguarding land for large-scale infrastructure projects, particularly in high-growth corridors around the airport. The administration has taken enforcement measures to prevent further encroachments and ensure project timelines remain unaffected as the airport expansion progresses.Read more

11 hours ago

Fabege AB reported a steady performance in the first quarter, with rental income rising by 3.1% to SEK 892 million. The company also saw a notable increase in property management profit, which grew to SEK 370 million from SEK 285 million in the previous year. Profit after tax stood at SEK 125 million, translating to SEK 0.40 per share. The results reflect stable leasing activity and operational performance despite broader market uncertainties impacting the real estate sector.Read more

12 hours ago

The Karnataka government has revived the long-pending Intermediate Ring Road (IRR) project in Bengaluru, a 210 km corridor aimed at improving connectivity across the city’s peripheral growth zones. The project, originally proposed over a decade ago, will link 12 satellite towns including Devanahalli, Bidadi, Anekal and Hoskote. Now under the Bengaluru Metropolitan Region Development Authority (BMRDA), the revised plan seeks to address earlier land acquisition and legal challenges by reverting to the original alignment with modifications. A key strategy involves land pooling through developer-led relinquishment, reducing acquisition costs. The corridor will integrate with other major infrastructure projects such as the Satellite Town Ring Road and the Bengaluru Business Corridor, forming a broader mobility network to support regional expansion and decentralised urban growth.Read more

12 hours ago

Bengaluru’s city corporations have initiated a stricter recovery mechanism for unpaid property taxes, with plans to acquire properties of chronic defaulters after repeated enforcement measures failed. The move comes amid mounting arrears exceeding INR 500 crore across more than 1,000 properties. Authorities indicated that conventional recovery methods such as notices, attachment and auctions have seen limited success, prompting civic bodies to consider purchasing defaulted properties at notified prices. The step is intended as a last-resort mechanism to recover long-pending dues, including penalties and interest. Any surplus from the transaction will be returned to property owners. The decision reflects increasing pressure on urban local bodies to improve revenue collections and enforce compliance.Read more

13 hours ago

The pedestrian skywalk linking Noida’s Sector 51 and Sector 52 metro stations has been delayed by over a month due to design revisions and structural constraints identified during execution. The 420-metre, air-conditioned interchange facility, built at an estimated cost of around INR 40 crore, faced complications after a metro beam obstructing the entry point was not accounted for in the original design. Authorities are now reworking structural elements, including beam removal and alignment changes, to enable safe access. The project, which aims to provide seamless connectivity between the Aqua Line and Blue Line, has already missed multiple deadlines since construction began in 2023, affecting daily commuters relying on the interchange.Read more

13 hours ago

Adani Ports and Special Economic Zone Ltd (APSEZ) has reportedly secured approval from the lenders’ panel to acquire bankrupt Karanja Terminal & Logistics, marking another strategic move in its port asset expansion strategy. The resolution plan was cleared with 100% voting by the committee of creditors after rejecting a competing one-time settlement proposal. The asset, which has outstanding dues of over INR 625 crore, is undergoing insolvency proceedings. The acquisition, once finalised, will strengthen Adani Ports’ presence in western India and add to its portfolio of port infrastructure assets. The move aligns with the company’s broader strategy of acquiring stressed logistics and port assets through insolvency-led opportunities.Read more

14 hours ago

Kuwait Airways has entered into a contract worth KWD 33.5 million with Automated Systems Company to manage its infrastructure and information technology systems. The agreement focuses on strengthening the airline’s operational efficiency through improved IT management and system support. Such collaborations are becoming increasingly important in the aviation sector as airlines look to modernise operations and enhance service reliability. The move also reflects a broader trend of digital transformation across transport infrastructure, where technology-driven upgrades are being prioritised to support long-term operational stability.Read more

14 hours ago

A long-standing garbage dump near the Rapti river in Gorakhpur has been redeveloped into an eco park and urban forest, with the project scheduled for inauguration shortly. The initiative involved scientific disposal of over 2.26 lakh metric tonnes of legacy waste, freeing nearly 40 acres of land for redevelopment. Executed at a total cost of around INR 41.5 crore, the project also includes a four-lane road and supporting infrastructure. The redevelopment is part of a broader push towards urban environmental restoration, addressing pollution concerns while creating public green space. The site, previously associated with methane emissions and fire hazards, has now been converted into a structured recreational and ecological zone.Read more

15 hours ago

CBRE reported stronger-than-expected quarterly performance as rising demand from data centres supported leasing and facilities management activity. Growth in artificial intelligence-related infrastructure has contributed to renewed momentum in the commercial real estate sector, driving higher site acquisitions, construction work, and long-term leasing commitments. The company also posted solid revenue gains across its building operations and experience segment. Profitability improved significantly compared to the previous year, while revenue exceeded market estimates. Investor sentiment remained positive, with shares moving higher in premarket trading, supported by expectations of potential interest rate cuts later in the year.Read more

15 hours ago

Telangana’s revised Transferable Development Rights (TDR) policy has led to a sharp escalation in TDR prices, raising concerns among developers over rising project costs and housing affordability. The policy mandates TDR utilisation for high-rise developments and expands its use for setback relaxations, driving demand for development rights across Hyderabad. While the move aims to compensate landowners and reduce government cash outflows for infrastructure projects, developers have flagged cost pressures and delays in project planning. The price escalation is expected to impact new launches and ongoing developments seeking approvals, with concerns emerging over supply recalibration and potential pass-through of costs to homebuyers in key micro-markets.Read more

16 hours ago

Kalamassery municipality has released a draft notification proposing amendments to its 1991 structural plan, aimed at aligning land-use regulations with current urban development needs in the Kochi region. The draft, published recently, introduces relaxed zoning norms, higher construction limits, and expanded mixed-use provisions to support residential, commercial, and industrial integration. It also reclassifies agricultural zones based on flood risk and permits broader development in low-risk areas. The changes are intended to facilitate key projects such as Judicial City, logistics parks, and Infopark expansion while addressing long-standing land-use constraints. Citizens have been given a 60-day window to submit objections or suggestions, following which the revised plan may be finalised.Read more

27 Apr 2026

Delhi is set to begin the regularisation of properties in unauthorised colonies from April 24 under the PM-UDAY scheme, covering 1,511 colonies. The revised framework removes earlier requirements such as approved layout plans and adopts an as-is, where-is approach to speed up approvals. A defined processing timeline has also been introduced to improve efficiency. The move is expected to benefit a large number of residents by granting legal ownership rights and enabling access to basic services, while also supporting better planning and integration of these colonies into the formal urban system.Read more

Mumbai News Desk

27 Apr 2026

The Brihanmumbai Municipal Corporation’s INR 14 crore proposal to maintain a garden and promenade along the Mithi river has been sent back by the standing committee after members found that the site was either non-existent or encroached. Concerns were raised over lack of verification, violation of buffer norms, and possible irregularities in the tender process. The committee has sought detailed clarification before reconsideration, while separately approving an INR 30 crore desilting project for the river as part of flood preparedness efforts.Read more

27 Apr 2026

UK-based warehouse and logistics property company Segro is expanding its data centre strategy across Europe, with planned sites in France, Germany, Italy and Poland to benefit from rising artificial intelligence-driven demand. The company expects strong long-term demand around major urban centres and is actively working on securing planning approvals and power connections. In the UK, it has strengthened its position with 400 MW power upgrades in London and Slough, a pre-let deal for a 30,000 square metre facility, and approval for a GBP 1 billion (USD 1.35 billion) data centre project in West London. Data centres currently account for about 7% of its clients.Read more

27 Apr 2026

A safety lapse during railway maintenance work on the Central Railway line in the Mumbai region led to two passengers being injured on a Kasara-bound local train. Debris and an iron rod fell into a moving coach, leaving one commuter critically injured. Authorities have suspended three staff members and started an internal inquiry. The incident has raised concerns over adherence to safety protocols, especially as such work is meant to be carried out during traffic blocks. Past incidents on the same route have also pointed to recurring risks during maintenance activity.Read more

27 Apr 2026

Holcim delivered better-than-expected results for the first quarter of the year even as global construction activity showed signs of weakening. The company reported a 4.8% decline in sales to CHF 3.52 billion, which still came in above estimates, while recurring operating profit stood at CHF 431 million, also ahead of market expectations. Performance was influenced by portfolio restructuring, exits from select markets, adverse weather in Europe, and currency pressure from a strong Swiss franc. Despite softer industry sentiment and revised global growth expectations, Holcim maintained its full-year outlook and continued its expansion through acquisitions in Latin America.Read more

27 Apr 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has allowed Kantabada Gram Panchayat to challenge a housing project approved by the Bhubaneswar Development Authority (BDA), widening the interpretation of who can file complaints under RERA. The tribunal held that a panchayat qualifies as an ‘aggrieved person’, overturning an earlier rejection by the state regulator. The dispute relates to a 26-unit residential project in a rural area, where the panchayat has contested BDA’s authority to grant approvals. The case highlights jurisdictional conflicts between local self-government bodies and urban development authorities, with implications for planning control, land use governance and project approvals in peri-urban regions.Read more

27 Apr 2026

Titania Holding AB has entered into a SEK 200 million construction credit facility agreement with Kinnerton to support the development of 44 townhouses. The financing is aimed at strengthening the company’s residential pipeline and ensuring smoother execution of ongoing projects. The move reflects Titania’s continued focus on expanding its housing portfolio amid stable demand in the residential segment. The company has been actively securing funding arrangements in recent years to support project delivery and maintain liquidity during construction phases.Read more

27 Apr 2026

Juniper Green Energy has started commissioning India’s first Firm and Dispatchable Renewable Energy (FDRE) project under the government’s FDRE guidelines. The project integrates 259 MWp solar, 280 MW wind, and 200 MWh battery storage across Rajasthan and Gujarat to deliver reliable power aligned with demand. It has already operationalised its solar and battery components in recent months. The project, awarded under an SJVN tender, will supply 200 MW to Haryana. This development comes at a time when power demand is rising sharply and highlights the growing role of hybrid renewable projects in ensuring grid stability.Read more

27 Apr 2026

The European Union, along with partner financial institutions, has launched the Global Green Bond Initiative Fund to mobilise up to EUR 20 billion (USD 23.43 billion) in private capital for sustainable infrastructure projects across low- and middle-income countries. The fund will prioritise investment in the least developed nations, with at least 20% of allocations directed there through euro-denominated and local currency bonds. Managed by French asset manager Amundi, the initiative aims to support climate-focused projects such as renewable energy while also strengthening local capital markets and expanding the international use of the euro.Read more

27 Apr 2026

Yesway has raised USD 280 million through its initial public offering in the United States, pricing its shares at USD 20 apiece, at the lower end of the indicated range. The listing values the company at approximately USD 1.21 billion and reflects a gradual revival in the US IPO market, particularly within consumer-facing sectors. Backed by Brookwood Financial Partners, Yesway operates over 400 convenience stores across nine states in the Midwest and Southwest regions. The IPO comes after earlier delays linked to market uncertainty and is being viewed within the broader context of improving investor sentiment, as companies resume public listing plans amid stabilising economic conditions and renewed capital market activity.Read more

Mumbai News Desk

27 Apr 2026

The Dharavi Redevelopment Project is set to provide larger rehabilitation homes to residents of chawls and formal buildings within the notified area. Around 8,700 households are expected to benefit, with flat sizes ranging from 500 sq ft to 754 sq ft. The proposal follows directions from the state government to improve living standards beyond earlier norms. Amendments to planning regulations have been initiated and opened for public feedback. While the move is seen as a step forward, residents continue to raise concerns around relocation, clarity on execution and eligibility criteria.Read more

27 Apr 2026

The International Finance Corporation (IFC), part of the World Bank Group, has set a target to increase its annual investments in India to USD 10 billion by 2030, with a focus on renewable energy, urban infrastructure and financial services. Investment levels in India have already risen to around USD 5.4 billion in financial year 2024/2025, compared to about USD 1.3 billion in financial year 2021/2022. India remains IFC’s largest global market with a portfolio of nearly USD 10.3 billion as of the financial year ended June 2025. The institution is also exploring municipal bond-led urban financing models.Read more

27 Apr 2026

The Delhi government is preparing to roll out chip-enabled smart cards and a digital cess management portal to improve welfare delivery for construction workers. The initiative aims to simplify registration, reduce duplication, and ensure direct access to benefits such as healthcare, pensions, and education support. It will also strengthen cess collection from developers, which funds these schemes. With about 2.62 lakh active workers and a larger pool of applicants, the move is expected to improve transparency, plug leakages, and expand coverage, especially for migrant and unregistered workers.Read more

27 Apr 2026

Larsen & Toubro has secured a contract from Oberoi Realty to construct seven high-rise residential towers in Gurugram, marking another addition to its residential portfolio. The order has been awarded to the company’s buildings and factories business vertical, which is also executing multiple domestic projects. Among them is a proving ground facility in Haryana for an international client, aimed at strengthening vehicle testing infrastructure. While the financial details remain undisclosed, the development highlights continued activity in high-rise housing and specialised infrastructure projects across India’s construction sector.Read more

27 Apr 2026

Sumou Real Estate Company has entered into an infrastructure development agreement in Riyadh with Mashariq Al Arabi, strengthening its role in Saudi Arabia’s expanding real estate sector. The company will oversee development activities and earn management fees linked to project costs. The deal aligns with the Kingdom’s broader urban expansion plans under Vision 2030, where private developers are playing a key role in delivering large-scale infrastructure and residential projects. The agreement highlights Sumou’s continued focus on fee-based income and project management services as part of its growth strategy.Read more