9 minutes ago

The Maharashtra Housing and Area Development Authority (MHADA) is planning to push redevelopment of several ageing housing layouts across Mumbai, Pune and Nashik to improve housing conditions and create additional supply in established urban areas. Many of these layouts are over four decades old and require redevelopment to upgrade infrastructure and living standards. At the same time, MHADA is working on a rental housing policy aimed at improving access to accommodation in cities. Strong response to housing lotteries and higher redevelopment premiums have improved the authority's financial position, enabling it to expand redevelopment and housing initiatives across Maharashtra.Read more

39 minutes ago

Kalpataru Projects International Limited (KPIL) has added orders valued at INR 2,471 crore, including an underground metro rail project through a joint venture. The company has also received assignments in power transmission and distribution both domestically and overseas, as well as in the buildings and factories segment in India. With these additions, KPIL's total order book for the current financial year has reached around INR 22,000 crore, reflecting strong demand in urban infrastructure, T&D, and construction sectors. The company's performance indicates continued growth and sectoral buoyancy.Read more

1 hour ago

Go Residential Real Estate Investment Trust has entered into agreements to acquire two residential properties in New York 7 Dey Street and 409 Eastern Parkway for a total value of USD 439.6 million. The company indicated that the acquisitions are expected to be accretive to its annualized adjusted funds from operations per unit in the mid-single-digit range. Alongside the transaction, the REIT has also announced a concurrent trust unit offering and private placement to support funding. The move reflects continued interest among global REITs in stable rental housing assets in key urban markets.Read more

1 hour ago

Ecofy, a leading non-banking financial company focused on green finance, has raised INR 380.5 crore in equity to support its expansion in sustainable lending across rooftop solar, electric vehicles, and SME financing. The funding round included new participation from British International Investment (BII) and Finnfund Digital Access Impact Fund I (DAIF), alongside continued backing from existing investor Eversource Capital. With this capital infusion, Ecofy's capital adequacy ratio is expected to rise to around 50 per cent. In three years, the company has served over 1,20,000 customers in India.Read more

2 hours ago

The Leela Palaces Hotels and Resorts has announced the acquisition of an ultra-luxury resort in Coorg, expanding its presence in South India's leisure hospitality segment. The property, to be developed as The Leela Coorg Forest Sanctuary, is expected to open later this year and is located within the ecologically sensitive Western Ghats region. With proximity to key urban centres such as Bengaluru and Mangaluru, the project is positioned to attract high-end domestic and international travellers. The acquisition aligns with the company's strategy of investing in culturally and environmentally significant destinations while strengthening its diversified portfolio across India's established and emerging luxury tourism markets.Read more

Pune News Desk

2 hours ago

The cooperative department in Pune has dissolved the managing committee of a housing society in Lohegaon after it failed to provide documents requested by a member despite repeated directions from authorities. The complaint involved denial of access to financial and administrative records such as audit reports, account statements, and income-expenditure details. After reviewing the matter, the Deputy Registrar of Cooperative Societies removed all 18 committee members and placed the society under administrative supervision. The action highlights the legal obligation of cooperative housing societies to maintain transparency and provide records to members when formally requested.Read more

3 hours ago

Ares Commercial Real Estate Corp has amended its secured revolving funding facility to extend its maturity to the end of 2026, according to a recent regulatory filing. The move reflects the company's effort to strengthen its liquidity position and ensure continued access to capital amid evolving market conditions. Such extensions are typically aimed at improving financial flexibility and managing refinancing risks. The development comes at a time when real estate financing globally is seeing cautious lender sentiment, making long-term funding arrangements important for stability and ongoing operations.Read more

3 hours ago

Ezeefit Office Systems, part of Ezeefit Modular Furniture Pvt. Ltd., has introduced a dedicated e-commerce vertical, Modular Furniture Store, offering factory-direct modular office furniture across India. Designed for the modern hybrid workforce, the platform provides reconfigurable workstations, privacy booths, and storage systems that can be quickly assembled without on-site carpentry. Featuring ergonomic design, integrated power modules, and advanced cable management, the store emphasizes efficiency and flexibility. The initiative combines Ezeefit's manufacturing expertise with AI-driven digital tools, enabling businesses to plan, customize, and set up professional offices in hours rather than months.Read more

4 hours ago

The Maharashtra government has announced plans to develop a large IT park near the proposed Purandar international airport in Pune district. The project is expected to generate nearly one lakh jobs and support the expansion of the region's technology sector. The state government is considering around 1,500 acres of government land in villages such as Dive, Chambali and Kodit for the development. Officials said the project will move forward after land transfer formalities and cabinet approval. The proposed IT park is also intended to ease pressure on Pune's existing Hinjewadi IT hub.Read more

4 hours ago

Andhra Pradesh is moving ahead with plans to position itself as a key East-West cargo corridor. The Chief Minister has directed officials to start cargo handling operations at the newly built Mulapeta, Machilipatnam, and Ramayapatnam ports, aiming to route goods from inland states like Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra, Telangana, and Karnataka. With rail connectivity to the Kadapa steel plant and upcoming industrial townships near the ports, the state aims to boost trade and economic activity. Fishing harbours are also planned at regular intervals to strengthen the logistics network.Read more

5 hours ago

PNB Housing Finance has joined hands with India Mortgage Guarantee Corporation (IMGC) to enhance access to home loans for the affordable housing sector. Through this collaboration, PNB Housing will provide loans backed by IMGC's mortgage guarantee solutions, supported by a First Loss Default Guarantee structure. The move aims to help first-time and deserving homebuyers who may not qualify for traditional financing. IMGC has previously facilitated mortgage guarantees for over INR 44,000 crore, assisting more than 1,70,000 households across India. The partnership strengthens risk-sharing measures while promoting responsible housing finance.Read more

Mumbai News Desk

5 hours ago

Residents from western suburbs of Mumbai approached Mayor Ritu Tawde earlier this week to address concerns over pollution and noise from construction sites. Representing communities including Gulmohar, JVPD, Santacruz, Bandra, and Pali Hill, nearly 2,000 residents highlighted worsening air quality, excessive noise, and weak enforcement of construction norms. They urged the Brihanmumbai Municipal Corporation (BMC) to regulate construction hours, implement dust control measures, improve noise monitoring, and appoint a dedicated nodal officer to handle complaints. Their engagement reflects growing citizen demand for healthier and safer urban living.Read more

Mumbai News Desk

6 hours ago

The Mumbai Metropolitan Region Development Authority's attempt to lease a prime commercial plot in the Wadala Notified Area did not receive any bids despite strong development potential. The 10,860 sq m land parcel was offered on an 80-year lease with a reserve price of INR 1,629 crore and a permissible FSI of 10, allowing large-scale commercial development. The authority had extended the submission deadline twice to encourage participation, but the tender closed without response. The plot forms part of the broader plan to develop Wadala as a future commercial district similar to Bandra-Kurla Complex.Read more

6 hours ago

Prime Minister Narendra Modi recently launched and laid the foundation stone for infrastructure projects worth about INR 23,550 crore in Silchar, Assam, focusing mainly on road connectivity in the Barak Valley region. The key project includes the foundation stone for the INR 22,864 crore Shillong Silchar high-speed corridor, aimed at improving regional connectivity and reducing travel time. Another major initiative is the INR 565 crore elevated corridor on National Highway-306 within Silchar city. The projects are expected to reduce congestion, strengthen transport links with neighbouring northeastern states, and support trade and economic activity in southern Assam.Read more

Kochi News Desk

7 hours ago

The Bliss City project in Kakkanad, Kochi, is moving closer to development as Kochi Metro Rail Limited (KMRL) has started leasing portions of land to investors to accelerate the long-planned mixed-use township. Spread across about 31.43 acres near the district collectorate at Kunnumpuram, the project is designed to include commercial, retail, hospitality and institutional spaces. Authorities have already leased around 3.41 acres and expect construction to begin soon. The development is also planned as a non-fare revenue initiative for the Kochi Metro system while supporting Kakkanad's fast-growing role as an IT and administrative hub.Read more

7 hours ago

Citigroup has appointed Indran Thana as managing director and head of real estate for its investment banking business in the ASEAN region. Based in Singapore, Thana is expected to assume the role in June 2026. He joins from UBS, where he led the real estate, lodging and leisure sector across Asia. With earlier experience at DBS Bank, Maybank Investment Bank and Amanah Capital, Thana brings long-standing regional sector expertise. In his new role, he will report to Matthew Nimtz with a matrix reporting line to Ben Connolly, strengthening Citi's real estate advisory presence in ASEAN.Read more

8 hours ago

The Ulhasnagar Municipal Corporation (UMC) recently introduced a short-term relief initiative called Abhay Yojana to help residents clear pending property and water tax dues. The scheme offered a 100% waiver on penalty charges for taxpayers who cleared their outstanding dues during a four-day window ending March 16, 2026. The initiative was approved following a request from local MLA Kumar Ailani seeking relief for residents facing difficulties in settling tax arrears. Civic officials expect the scheme to encourage defaulters to regularize payments and improve municipal revenue collection needed for maintaining local infrastructure and civic services.Read more

8 hours ago

Sunsure Energy has raised INR 606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank to support multiple solar projects across Maharashtra and Uttar Pradesh. The funds will back over 242 MWp of solar capacity, producing around 300 million units of clean electricity annually and reducing nearly 230,000 tonnes of CO emissions each year. The projects will supply renewable energy to commercial and industrial consumers through long-term Power Purchase Agreements. The financing also marks the start of Sunsure Energy's project funding relationship with RBL Bank while strengthening its ongoing partnership with Aseem Infrastructure Finance.Read more

9 hours ago

The Gurugram district administration has convened a meeting with developers and resident welfare associations (RWAs) of several housing societies to review complaints related to structural safety and delays in implementing repair measures suggested in structural audit reports. Authorities have asked developers and RWAs to present action-taken reports and updates on pending repair work. The review follows multiple complaints from residents regarding cracks, water leakage and other building defects in residential societies. The administration is expected to assess compliance with safety recommendations and determine timelines for completing necessary structural repairs across affected housing projects.Read more

Patna News Desk

9 hours ago

The Patna Municipal Corporation (PMC) successfully recovered nearly INR 1 crore in property taxes from high-value defaulters in just two days through a concentrated enforcement drive. A six-member field team visited multiple city wards targeting property owners with dues exceeding INR 50,000. Measures included freezing bank accounts, prohibiting property sales, and seizing properties for noncompliance. Defaulters were notified via SMS and offered a one-time settlement scheme with interest and penalty waivers until the end of the month. The drive reflects PMC's continued focus on strengthening revenue collection and ensuring civic financial discipline.Read more

10 hours ago

The North Goa District Consumer Disputes Redressal Commission has instructed a developer to repair persistent water leakage in a flat and compensate the owner for damages caused. The resident's complaint detailed recurring seepage, false ceiling collapse, and ineffective prior repairs, which the builder had attempted but failed to permanently resolve. The forum directed the developer to complete the repairs within three months and awarded INR 25,000 to the resident for inconvenience and property damage. The case reinforces that builders are legally responsible for structural defects affecting livability.Read more

Kochi News Desk

10 hours ago

The Kerala State Housing Board has moved forward with the Marine Eco City project planned along Kochi's Marine Drive, appointing NBCC (India) Limited as the project management consultant for the first phase of the development. The initial phase, estimated to cost about INR 480 crore, will include a mixed-use residential and commercial tower on a 3.16-acre site within a larger 17.9-acre waterfront project area. The development will feature residential apartments, retail spaces, office floors and recreational facilities. The larger multi-phase project will also include hospitality infrastructure, convention facilities and additional residential towers.Read more

Bangalore News Desk

11 hours ago

The Enforcement Directorate has filed a prosecution complaint in a Transferable Development Rights (TDR) fraud case in Bengaluru, naming a director of Valmark Realty Holdings Pvt Ltd and 19 others, including former Bruhat Bengaluru Mahanagara Palike (BBMP) officials and brokers. The case originates from a 2019 Anti-Corruption Bureau FIR and involves the alleged fraudulent procurement and sale of Development Rights Certificates. Investigators stated that land records were manipulated and land already sold to third parties was falsely shown as eligible for TDR benefits. The alleged scheme generated illegal proceeds of about INR 27.68 crore.Read more

11 hours ago

Bajel Projects has secured an INR 700 crore contract from MSETCL to establish a 400/220 kV air-insulated switchgear substation at Saswad, Pune, along with connecting transmission lines. As part of the Bajaj Group, the company has long been active in power infrastructure, handling high-voltage transmission projects across India. This project aligns with Maharashtra's efforts to modernize its power grid and enhance electricity supply in both urban and rural areas. Analysts view such government-backed orders as crucial for EPC firms to expand their portfolios and demonstrate technical expertise.Read more

12 hours ago

The Uttar Pradesh Stamp and Registration Department has launched a comprehensive campaign to increase revenue before the financial year ends. The initiative prioritises registering unregistered properties under development authorities, government bodies, and housing councils, while clearing pending cases and recovering outstanding stamp duties. Projects in Gautam Budh Nagar, Meerut, Ghaziabad, Bareilly, Moradabad, Varanasi, and Gorakhpur are expected to contribute significantly. The department is also updating minimum property values and reviewing legal and infrastructure-linked cases to ensure timely collection and improved compliance.Read more

13 hours ago

Chandigarh Police's Economic Offences Wing arrested realtor Vikram Wadhwa in connection with the alleged diversion of around INR 116.84 crore from Chandigarh Smart City funds. Authorities said Wadhwa colluded with former IDFC First Bank manager Ribhav Rishi, routing government deposits through shell companies into real estate projects in Chandigarh, Mohali, Kharar, and surrounding areas. Investigations revealed missing fixed deposit receipts and unverified transactions worth INR 8.22 crore. Wadhwa and three other accused were brought from jail for questioning, while Wadhwa's legal team challenged the arrest procedure and sought custody clarifications.Read more

Noida News Desk

14 hours ago

Residents of La Residentia Society in Greater Noida West renewed their protests earlier this week, highlighting unresolved maintenance problems, including irregular water supply, frequent power outages, and malfunctioning lifts. Around 2,200 of the society's 3,256 flats are occupied, and families, including children and the elderly, gathered outside the builder's sales office seeking urgent intervention. Demonstrators also stressed poor upkeep of common areas and security lapses. They plan a peaceful sit in and a 10-day agitation camp during the upcoming Navratras to press for immediate attention and a responsive maintenance system.Read more

17 Mar 2026

The Telangana High Court recently suggested that the state government consider creating specialised tribunals to deal with disputes related to building permissions, illegal constructions, and municipal enforcement actions. The observation came during a hearing related to a building approval dispute in Kothapet in Medchal Malkajgiri district. The court noted that a rising number of such matters are directly reaching the High Court, adding to the case burden. A dedicated tribunal with judicial and technical members could help resolve these issues faster while allowing constitutional courts to focus on more complex legal matters.Read more

17 Mar 2026

The Thane Municipal Corporation (TMC) has introduced a scheme granting 90% relief on penalties for property tax defaulters, allowing them to pay only 10% of the penalty amount along with their pending taxes. This initiative aims to improve tax recovery ahead of the fiscal year-end, addressing arrears of around INR 308 crore, with penalties totaling INR 191 crore. Residents can pay online, at ward offices, or through a new WhatsApp and chatbot system. While it may ease financial burdens on defaulters, some on-time taxpayers have raised concerns about fairness.Read more

17 Mar 2026

Clean energy company ReNew Green Energy Solutions has raised USD 95 million (around INR 878 crore) in equity from a consortium led by LeapFrog Investments. The funds will support the expansion of its commercial and industrial (C&I) renewable energy platform. LeapFrog has committed USD 50 million directly, with the rest coming from co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest. ReNew's portfolio includes 2.5 GW capacity, over 2 GW of which is commissioned, with 1.3 GW under long-term agreements with global companies like Microsoft, Amazon, and Google.Read more

17 Mar 2026

The Reserve Bank of India has announced a seven-day variable rate repo auction worth INR 1.5 lakh crore, scheduled for the coming week, with funds set to reverse after seven days. This move comes amid a surplus liquidity of around INR 2.08 lakh crore in the banking system. Since January 2026, the RBI has injected INR 3.5 lakh crore through open market operations. The central bank's continuous liquidity support aims to maintain stable overnight rates and ease pressures from upcoming tax outflows, including advance tax and GST.Read more

17 Mar 2026

Acrophyte Hospitality Trust has terminated the proposed sale of the Hyatt Place Memphis Primacy Parkway property in the United States. The decision marks a change in the trust's earlier plan to divest the hotel asset as part of its portfolio management strategy. While the company had previously explored selling the property, the transaction will no longer move forward. Acrophyte Hospitality Trust, listed in Singapore, continues to review opportunities to manage and optimise its hospitality assets across markets. The development reflects the trust's ongoing approach to evaluating its portfolio and adjusting plans depending on market conditions and strategic priorities.Read more

17 Mar 2026

IndiGo has teamed up with Adani Airport Holdings Limited (AAHL) to allow members of its BlueChip loyalty programme to earn rewards while shopping duty-free at AAHL-operated airports. Under the collaboration, travellers earn five BlueChips for every INR 100 spent on pre-booked duty-free products through the Adani platform. Customers can browse, reserve, and pay for items online before their flight and collect them conveniently at the airport. Currently, the programme is active at several airports, with plans to expand to Guwahati's Lokapriya Gopinath Bordoloi International Airport and the newly opened Navi Mumbai International Airport.Read more

17 Mar 2026

Vedanta Ltd has approved raising up to INR 2,575 crore via the issuance of unsecured, redeemable, rated, listed, non-convertible debentures, each valued at INR 1,00,000. This move is part of the company's strategy to diversify funding sources, refinance existing debt, and lower borrowing costs. Strong investor interest has marked previous offerings, including an oversubscribed USD 500 million bond last October. The company has steadily reduced net debt over the past three years and is pursuing a corporate demerger to simplify its structure and unlock value.Read more

17 Mar 2026

Sebi is taking multiple steps to strengthen India's investment advisory ecosystem, focusing on compliance, transparency, and guidance. Measures include a standardised light-touch penalty structure, a digital regulatory platform called SEBI SETU, and a common advertisement code for intermediaries. A working group is reviewing overlaps between Mutual Fund Distributors and investment advisers, while NISM is preparing a simplified certification module for non-core advisory staff. Despite a growing investor base, the number of registered investment advisers has declined since 2021, raising concerns about reliance on unregulated voices and influencer-driven guidance.Read more

17 Mar 2026

The Reserve Bank of India has levied an INR 3.1 lakh penalty on Cashfree Payments India Pvt Ltd for non-compliance with regulatory directives. The inspection covered the period from April 2024 to June 2025, and the penalty followed an initial notice and confirmation of violations. The RBI noted that the action addresses deficiencies in statutory and regulatory compliance, without challenging the validity of transactions with customers. Cashfree failed to follow specific guidelines for payment aggregators and gateways, and the penalty was applied under powers provided by the Payment and Settlement Systems Act, 2007.Read more

17 Mar 2026

Stoneweg Europe Stapled Trust has acquired a freehold temperature-controlled logistics facility in the Netherlands for EUR 35 million through its manager, Stoneweg EREIT Management. The acquisition strengthens the trust�s logistics and cold-chain portfolio in Europe, where demand for specialised storage linked to food, pharmaceuticals and e-commerce continues to grow. Temperature-controlled logistics assets are considered a resilient segment due to stable tenant demand and long-term lease structures. The deal forms part of the trust�s broader strategy to expand its European logistics platform and enhance income-generating assets within its portfolio.Read more

17 Mar 2026

Hettich India has inaugurated a new automated manufacturing facility in Indore, strengthening its production capabilities in the country and supporting its long-term plan to position India as a global manufacturing hub. The plant will manufacture advanced undermount drawer runners used in premium furniture and modular kitchens. The facility forms part of the company's overall investment of about INR 2,000 crore in India and is expected to create around 300 additional jobs. With automation, sustainability measures, and advanced German-engineered machinery, the new unit also aims to meet growing domestic demand while supporting exports to multiple international markets.Read more

17 Mar 2026

The World Bank has agreed to provide USD 300 million to support Uttar Pradesh's Clean Air Plan, aiming to improve air quality while creating jobs for youth and women. The UP Clean Air Management Program will focus on transport, agriculture, and industry, installing nearly 200 new air quality monitors and transitioning over 700 brick kilns to efficient technology. The initiative will also provide clean cooking solutions to 3.9 million households and promote efficient fertiliser use among farmers. The programme leverages around USD 150 million in private investment, contributing to both economic growth and environmental sustainability.Read more

17 Mar 2026

China's housing market remained under pressure as new home prices continued to decline in February, reflecting the prolonged stress in the country's property sector. Official data showed prices fell both annually and monthly, while most cities recorded declines. Although some top-tier cities such as Beijing and Shanghai showed slight improvement, demand remained weak in many lower-tier markets due to high inventory and slow economic sentiment. The downturn, which began after stricter borrowing rules for developers, continues to affect consumer confidence and economic activity. Policymakers are focusing on stabilising the sector through structural reforms rather than returning to debt-led growth.Read more

17 Mar 2026

The National Company Law Appellate Tribunal (NCLAT) has permitted Brookfield-backed Chronos Properties to replace its bank guarantee for the Bandra Kurla Complex (BKC) headquarters property of IL&FS, which expired earlier this month. Chronos original bid was INR 1,080 crore, later revised to INR 1,481 crore under value-maximisation framework. The tribunal allowed the company a week to submit a fresh demand draft and confirmed that its earlier interim order restricting IL&FS from creating third-party rights on the property will continue until the appeal is decided.Read more

17 Mar 2026

The National Real Estate Development Council (NAREDCO) has joined hands with realty platform Magicbricks to enhance research, market intelligence, and policy discussions within the Indian real estate sector. The one-year partnership will position Magicbricks as NAREDCO's knowledge and official broadcast partner, providing research reports, monthly co-branded newsletters, and insights through MBTV. With the real estate industry moving towards greater transparency and structured frameworks, the collaboration aims to support developers, investors, and consumers by delivering accurate, timely data and digital reach, helping them make informed decisions in a complex market.Read more

17 Mar 2026

The Supreme Court has given the Noida Authority a final opportunity to comply with its earlier directions related to the long-stalled Sports City project in Sector 150, Noida. The court stressed that the authority must implement the framework already laid down to revive the development. The project, which was planned as an integrated township with sports infrastructure and residential units, had been halted after regulatory action over policy violations. The delays have affected thousands of homebuyers. The latest order indicates that the court expects authorities to move forward with approvals and ensure that the revival process is implemented.Read more

17 Mar 2026

Enterprise technology infrastructure provider Aurionpro Solutions has secured a multi-year contract valued at nearly INR 350 crore from a hyperscale operator to develop a large data centre facility in southern India. The project involves the creation of an artificial intelligence-ready green data centre designed to support high-density computing workloads and next-generation digital infrastructure requirements. Under the contract, the company will undertake the design, detailed engineering and full execution of mechanical, electrical and plumbing (MEP) works. The project commenced earlier this month and is expected to be completed over the next six to seven quarters. The contract comes amid rapid expansion in India's data centre sector, where capacity reached approximately 1.5 gigawatts in 2025 and is projected to grow to around 2 gigawatts by the end of 2026.Read more

17 Mar 2026

Brigade Enterprises Ltd announced that its flexible workspace brand BuzzWorks has leased office space in Hyderabad to MyComplianceOffice. The deal adds another enterprise client to BuzzWorks managed office portfolio in the city's growing commercial market. BuzzWorks operates as Brigade's managed and flexible workspace platform, catering to corporates seeking ready-to-move office environments. The transaction reflects continued demand for managed offices from global firms expanding their presence in India. Brigade Group has been steadily scaling its flexible workspace segment, particularly in major technology hubs such as Hyderabad, Bengaluru and Chennai, as companies increasingly prefer plug-and-play workspaces.Read more

17 Mar 2026

The State Government is enhancing emergency services in Amaravati by constructing fire stations at key locations. A new station will be established on a 50-cent site at Nelapadu within the Amaravati Government Complex, home to major administrative offices. Director General of Fire Services P. V. Ramana laid the foundation stone, with construction managed by the AP Police Housing Corporation at a cost of INR 1.28 crore. The project is set for completion by November 2026, reflecting the government's commitment to strengthening fire safety infrastructure.Read more

17 Mar 2026

Cella Space Ltd has received board approval to undertake real estate transactions through the creation of subsidiaries. The company informed that its board has authorised the purchase and disposal of real estate assets by forming subsidiaries and executing subsequent sales through these entities. The move indicates a structured approach to managing property-related investments and transactions within the company's corporate framework. Such arrangements are often used by companies to manage development projects, asset transfers, and ownership structures more efficiently. The decision forms part of the company's broader corporate and investment planning strategy.Read more

17 Mar 2026

The Maharashtra Real Estate Regulatory Authority resolved 6,945 complaints from homebuyers during the past year, even though 5,073 new grievances were filed during the same period. This resulted in a record complaint disposal rate of 137%, indicating faster resolution of both new and older cases. Over the past two years, the authority has significantly improved its disposal performance compared to its earlier years, when resolution rates ranged between 50% and 70%. MahaRERA has also begun prioritising older complaints and speeding up hearings, while strengthening scrutiny during project registrations to reduce disputes and ensure timely delivery of housing projects.Read more

17 Mar 2026

The Jammu and Kashmir government is planning to develop future-ready IT Parks across the Union Territory in phases, starting with an Innovation and Research Park at the IIT Jammu campus on the outskirts of Jammu city. The project received momentum after the institute's Board of Governors approved the Detailed Project Report earlier this year and the UT administration granted in-principle approval for collaboration. The plan includes upgrading existing space at the campus, constructing new infrastructure by 2028, and expanding the park outside the campus later to encourage greater industry participation, innovation, and employment generation.Read more

17 Mar 2026

Akasa Air has entered into a strategic collaboration with Noida International Airport to establish an aircraft maintenance, repair and overhaul (MRO) facility within the airport premises. The initiative aims to strengthen India's aviation infrastructure and support the development of a domestic MRO ecosystem. The facility will handle a wide range of aircraft maintenance activities and is expected to improve operational efficiency while creating employment opportunities and promoting skill development in the region. The project also comes as India's aviation sector expands rapidly and seeks greater self-reliance in maintenance services.Read more