4 minutes ago

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more

34 minutes ago

National Highways Authority of India-sponsored Raajmarg Infra Investment Trust will allocate the anchor portion of its upcoming INR 6,000 crore initial public offering exclusively to domestic investors, according to NHAI Chairman Santosh Kumar Yadav. The anchor book will open on March 10, ahead of the IPO subscription window from March 11 to March 13. The InvIT has set a price band of INR 99-100 per unit and plans to allocate over INR 1,700 crore to anchor investors. The public offering marks the first time NHAI is opening its highway asset monetisation programme to retail investors, aiming to unlock value from operational road assets while offering a long-term investment instrument linked to India's national highway infrastructure.Read more

1 hour ago

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

1 hour ago

Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more

2 hours ago

Swedish construction firm Skanska has committed CZK 917 million (about SEK 400 million) to the final phase of its Albatros Kbely residential development in Prague, Czech Republic, advancing a large urban housing project that has been rolling out in stages. The last segment will add 178 low energy apartments to the development, bringing the total to 688 homes when complete. The neighbourhood includes extensive public green areas and civic amenities and has been designed with energy and water efficiency in mind. Construction on this concluding phase has begun this month and is planned to finish in early 2028.Read more

2 hours ago

Data released by the Maharashtra Highway Police shows a significant increase in accidents and fatalities on the Mumbai-Nagpur Samruddhi corridor during the past year, while the Mumbai-Pune Expressway recorded a marginal decline in overall accidents. The Samruddhi route reported 185 accidents in 2025, up from 137 in the previous year, along with a rise in fatal crashes and deaths. In contrast, accidents on the Mumbai-Pune Expressway dropped slightly. Authorities are reviewing safety measures and planning stronger monitoring systems on the Samruddhi corridor to control speeding and improve highway safety.Read more

3 hours ago

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more

3 hours ago

More than 4,100 transit flats for Kashmiri migrant employees have been completed across the Kashmir Valley under the government's rehabilitation housing programme. The project aims to provide safe residential accommodation to migrants appointed under the Prime Minister's employment package. Out of the planned 6,000 flats at 20 locations, 4,112 units have been completed and 3,257 allotted so far. Officials recently reviewed the progress of construction and supporting infrastructure such as water supply, electricity, and drainage. Around 680 additional flats are expected to be completed by April 2026 as authorities move closer to completing the project.Read more

4 hours ago

China Merchants Land's subsidiary has agreed to acquire 100% equity in Xian Zhaoxi Jinyue Real Estate Development for RMB79.6 million, strengthening its regional footprint. The move is part of the company's ongoing strategy to expand in key markets through selective acquisitions of operational real estate firms. Xian Zhaoxi Jinyue has a presence in local residential and commercial projects, offering a strategic platform for growth. Analysts highlight that this acquisition continues China Merchants Land's approach of consolidating quality assets and leveraging its development experience to generate long-term value in regional property markets.Read more

4 hours ago

IKEA plans to make its India operations profitable by FY28 while expanding its retail network through smaller store formats. The company intends to open about 25 small and medium stores across the country over the next four to five years as part of its omnichannel strategy. This plan focuses on improving operational efficiency, expanding physical presence, and increasing local sourcing. Financial filings show that the retailer's losses widened to around INR 1,299.4 crore in FY25 while revenue declined slightly to INR 1,749.5 crore, reflecting continued investment in expansion and market development.Read more

5 hours ago

The long-pending missing link project on the Mumbai-Pune Expressway is close to completion, with around 98% of construction finished. Developed by the Maharashtra State Road Development Corporation, the 13.3-km new alignment between Khopoli and Kusgaon is expected to open on May 1. Built at a cost of about INR 6,695 crore, the project includes long tunnels, bridges, and viaducts through the Sahyadri hills. Once operational, it will shorten the existing ghat stretch by over 6 km and reduce travel time between Mumbai and Pune by around 25-30 minutes while improving road safety and traffic movement.Read more

5 hours ago

Authorities in Meghalaya's Garo Hills region have imposed restrictions preventing non-tribal individuals from purchasing, inheriting or claiming land. The order was issued by the Garo Hills Autonomous District Council using its powers under the Sixth Schedule of the Constitution of India to protect tribal land ownership and customary rights. The notification also invalidates benami arrangements where land is held in a tribal person's name for the benefit of a non-tribal individual. While new transactions are barred, land that has already been legally owned or inherited by non-tribals will remain valid under existing laws.Read more

6 hours ago

OA Co Ltd is set to acquire real estate assets worth 22.5 billion KRW, aiming to strengthen its property portfolio and support long-term business growth. The company has a history of strategic real estate investments to diversify holdings and enhance operational capabilities. Analysts note that the acquisition is part of a cautious, value-driven approach in a competitive South Korean real estate market. The deal is expected to provide both commercial and strategic advantages, with completion anticipated after regulatory approvals and final evaluations.Read more

6 hours ago

Former Chief Justice of India Uday Umesh Lalit suggested that infrastructure project contracts should be examined by a specialised government agency before they are signed to reduce arbitration disputes and protect public funds. Speaking at a conference in New Delhi organised by PHD Chamber of Commerce and Industry, he said that poor contract drafting, inaccurate project estimates and coordination gaps between departments often lead to disputes. He also noted that environmental restrictions and design changes during project execution frequently result in arbitration claims, sometimes exceeding the original project cost.Read more

7 hours ago

Air India has announced the launch of two new international routes aimed at strengthening connectivity between India and key Asian destinations. The airline will start non-stop flights between Delhi and Hanoi from 1 May 2026, making the Vietnamese capital its second destination in the country after Ho Chi Minh City. It will also introduce direct services between Mumbai and Tokyo's Haneda Airport from 15 June 2026. The new routes are part of the airline's broader effort to expand its international network, respond to rising travel demand, and improve connections between India and fast-growing markets across Asia.Read more

7 hours ago

Indian Highways Management Company Ltd (IHMCL), promoted by the National Highways Authority of India (NHAI), is preparing to introduce a barrier-less tolling system at more than 200 national highway fee plazas by FY27. The plan involves deploying Multilane Free Flow (MLFF) technology that allows vehicles to cross toll plazas without stopping. The system will rely on FASTag, RFID readers, and automatic number plate recognition cameras to collect tolls digitally. Authorities are issuing bundled tenders for multiple toll plazas to speed up implementation. The initiative is expected to improve traffic flow, reduce congestion at toll plazas, and strengthen digital toll collection on highways.Read more

8 hours ago

The Enforcement Directorate (ED) has attached immovable assets worth more than INR 206 crore linked to Delhi-based TDI Infrastructure Limited as part of a money-laundering investigation connected to alleged fraud against homebuyers. The action follows multiple FIRs registered by the Delhi Police and the Economic Offences Wing, which accused the developer and its promoters of failing to deliver residential and commercial units despite collecting large sums from buyers. Investigators found that thousands of customers invested in several projects launched in Sonipat, Haryana, but many developments remain incomplete, with funds allegedly diverted to other entities and financial obligations.Read more

8 hours ago

First Avenue for Real Estate Development has signed a development agreement with Jadwa Al-Shorfa Real Estate Fund, with a development fee of 15% of project costs, estimated at SAR 185 million. The partnership combines First Avenue's project management expertise with Jadwa Al-Shorfa's investment capital. This agreement reflects a wider trend in Saudi Arabia, where professional developers and real estate funds collaborate to share risks and ensure timely project execution. The deal strengthens First Avenue's presence in the regional market and showcases growing investor confidence in structured real estate development projects.Read more

Gurugram News Desk

9 hours ago

The Haryana Electricity Regulatory Commission has ordered Unitech Realty Pvt Ltd and the resident welfare association of Uniworld Gardens II in Gurugram to refund excess electricity charges collected from residents and revise billing practices in line with regulatory tariffs. The directive follows a complaint filed by a resident alleging overcharging under the single point supply system used in the housing society. The commission found that residents had been billed at higher tariffs than those charged by the distribution utility and that additional charges inconsistent with regulations were imposed. The regulator has also imposed a penalty of INR 50,000 on the RWA and warned of an additional INR 6,000 daily fine if compliance is not achieved within the stipulated period.Read more

9 hours ago

Investor interest in Venezuela has surged following U.S. detention of former President Maduro and the restoration of diplomatic ties, attracting hedge funds, asset managers, and high-net-worth individuals. Advisory firms Trans-National Research, Orinoco Research, and Signum Global Advisors are organizing multiple trips and conferences, featuring meetings with acting President Delcy Rodriguez, PDVSA leadership, and other senior officials. Focus areas include debt restructuring, energy, real estate, and mining. While optimism grows, sanctions and political uncertainties continue to prompt caution among some investors, limiting immediate transactions but generating significant long-term interest.Read more

Delhi News Desk

10 hours ago

The metro network in the national capital expanded further after Prime Minister Narendra Modi inaugurated two new corridors of the Delhi Metro Rail Corporation. The projects, developed at an estimated cost of over INR 18,300 crore, include the Majlis Park Maujpur-Babarpur stretch on the Pink Line and the Deepali Chowk Majlis Park section of the Magenta Line. With the opening of the new Pink Line segment, the city now has India's first fully operational ring-shaped metro corridor. The Prime Minister also laid the foundation stone for additional routes planned under the next phase of the metro expansion.Read more

10 hours ago

The Maharashtra government has announced a major underground metro corridor connecting Wadala to the Gateway of India in Mumbai at an estimated cost of INR 23,487 crore. The project, proposed as Metro Line 11, was outlined during the state budget presentation and aims to strengthen connectivity to South Mumbai. The government also indicated plans to extend the line from Dharavi to Bandra suburban railway station and Bandra Terminus in the future. Along with this corridor, the state highlighted progress on several metro expansions, tunnel projects and transport infrastructure developments aimed at improving urban mobility across the Mumbai Metropolitan Region.Read more

11 hours ago

The Secunderabad Cantonment Board has introduced a one-time settlement (OTS) scheme to help property owners clear long-pending property tax arrears while offering relief on accumulated interest. The scheme provides a 30% rebate on the interest component or INR 10,000, whichever is higher, and a full waiver where the accumulated interest is below INR 10,000. The concession applies only to the interest portion of outstanding dues, while the principal tax amount must be paid in full. The initiative, introduced under the provisions of the Cantonments Act, 2006, will remain open until 31 March 2026. Officials said the measure aims to encourage voluntary compliance, reduce long-standing tax arrears and improve revenue collection in the cantonment area while allowing property owners to regularise pending liabilities.Read more

11 hours ago

Farmers and residents from the Amaravati Capital Region recently submitted petitions during a Grievance Day programme organised at the headquarters of the Andhra Pradesh Capital Region Development Authority in Rayapudi. A total of 23 complaints were recorded, most of them related to land matters, including issues concerning returnable plots and land pooling. APCRDA Commissioner K. Kannababu reviewed the petitions and stated that each case would be examined and resolved at the earliest. Officials also reiterated that the grievance programme would continue every Saturday, while the Citizen Grievance Centre will accept petitions on all working days.Read more

12 hours ago

Inovalis Real Estate Investment Trust has provided an update on a withholding tax dispute involving its Arcueil property for the 2017-2019 period, where it held a 25 % stake through a joint venture. The Paris Administrative Court confirmed a liability of around EUR 5.888 million (USD 9.294 million), including taxes, penalties, and interest. The French tax authority issued a formal payment notice, and the REIT secured a 12 month instalment plan, though late payment interest will continue to accrue. In parallel, the trust has filed an appeal seeking to recover EUR 4.116 million (USD 6.635 million) by providing additional documentation on tax residency and partner status. The final outcome of the appeal remains uncertain.Read more

12 hours ago

Telangana Irrigation Minister N. Uttam Kumar Reddy has directed officials to undertake urgent repairs and safety assessments at the Singur Dam, a key water source supplying drinking water to Hyderabad and supporting irrigation in nearby districts. The move follows warnings from the National Dam Safety Authority (NDSA) regarding structural concerns at the reservoir. The minister ordered immediate technical interventions, including underwater inspections, sonar surveys and accelerated repair works, to detect and address potential damage without draining the reservoir. Authorities have been instructed to complete the safety works within a single working season to prevent disruptions to irrigation and avoid a potential crop holiday. The government has also set deadlines to finish remaining canal lining works linked to the Singur project.Read more

13 hours ago

An agreement has been registered for the establishment of the India International University of Legal Education and Research (IIULER) in Amaravati, marking a new addition to the region's education infrastructure. The Andhra Pradesh Capital Region Development Authority has allotted 55 acres of land at Sakhamuru in the capital city for the project. The university will be developed by the Bar Council of India Trust PEARL FIRST with a planned investment of around INR 300 crore in phases. The project is expected to support legal education, research and international academic collaboration while also creating employment opportunities and strengthening the academic ecosystem in Amaravati.Read more

14 hours ago

The Allahabad High Court has dismissed a review petition filed by the Greater Noida Industrial Development Authority challenging its earlier judgment that restored a 25-acre IT/ITES plot in Tech Zone II, Greater Noida to a private firm. The court ruled that the authority failed to demonstrate any apparent on the face of the record in the original order delivered in June 2025. The dispute concerns land originally allotted in 2007 to a consortium led by Anant Raj Industries and later transferred to Elevator Properties Pvt Ltd. GNIDA had cancelled the allotment in 2023 citing non-utilisation of the plot. The High Court had earlier set aside the cancellation, and the latest order refusing review means the earlier ruling restoring the allotment remains in force.Read more

Mumbai News Desk

15 hours ago

The Maharashtra Coastal Zone Management Authority (MCZMA) has directed the Mumbai Suburban district administration to conduct a site inspection at Gorai Beach following complaints of possible violations of Coastal Regulation Zone (CRZ) norms during jetty construction. The complaint, filed by environmental NGO Vanashakti, alleged that the structure was built through reclamation and at a location different from what had been approved earlier. MCZMA has asked the District Collector to submit a factual report within seven days and take necessary action if any violations of CRZ rules or clearance conditions are confirmed.Read more

09 Mar 2026

JSW Cement has been declared the preferred bidder for the Sikilangso Limestone Block in Assam following an e-auction conducted by the state government. The block, located in Dima Hasao district, covers 400 hectares across two parts. The development supports the company's long-term capacity expansion plans. Meanwhile, global aviation faced severe disruption after the United States and Israel carried out strikes on Iran, forcing the closure of major Middle East hubs and leading to widespread flight cancellations by leading international airlines.Read more

09 Mar 2026

The United Arab Emirates real estate sector is facing fresh uncertainty after Iranian missile and drone strikes in the region raised concerns about geopolitical stability, a key factor underpinning property investment in Dubai and Abu Dhabi. The attacks have unsettled investor sentiment in a market that has witnessed strong growth since the pandemic, fuelled largely by foreign capital, wealthy migrants and international buyers. Market participants say the escalation has already affected capital-raising activity and may increase financing costs for developers. Analysts note that the sector's reliance on expatriate demand and offshore investors makes it particularly sensitive to geopolitical shocks. At the same time, the region is entering a phase of rising supply, with a significant number of new housing units expected to enter the market in the coming years.Read more

Kochi News Desk

09 Mar 2026

The Greater Cochin Development Authority (GCDA) has opened the sewage treatment plant (STP) at Jawaharlal Nehru International Stadium in Kaloor, Kochi to treat sewage from external sources, in response to the city's growing waste management crisis. Originally built to process only stadium waste, the plant has been upgraded to handle 750 kilolitres per day (KLD) of sewage. The decision follows directives from the National Green Tribunal (NGT) urging authorities to address the city's severe sewage treatment gap. Kochi generates about 82 million litres of sewage daily, but existing infrastructure treats only 3-6%, leaving the majority untreated. By opening the facility to outside sewage, GCDA aims to utilize the previously underused plant, reduce environmental pollution and generate revenue to support additional sewage treatment infrastructure.Read more

09 Mar 2026

Excellence Commercial Property & Facilities Management expects FY2025 profits to fall by 60%-70%, primarily due to higher impairment losses on trade receivables and other related costs. The move highlights the challenges faced by property management firms in recovering payments from clients amidst ongoing market pressures. Past years have already seen similar operational and financial strains in the Hong Kong commercial property sector, emphasizing the importance of effective receivable management. Analysts suggest that this projected decline could affect investor confidence and stock performance in the near term.Read more

09 Mar 2026

Troubles in the U.S. commercial real estate market are increasingly affecting German property lenders, with two major banks reporting weaker financial results for 2025. Deutsche Pfandbriefbank (PBB) posted a net loss as it began withdrawing from the U.S. market, while Aareal Bank reported a significant drop in profits due to rising risks in its U.S. loan portfolio. The downturn is largely driven by high office vacancy rates and declining property values, particularly in office buildings as remote work continues to reshape demand. German lenders had previously expanded lending to U.S. commercial properties, making them vulnerable to the sector's slowdown. As a result, banks are now reducing exposure to U.S. office real estate and tightening risk management policies to limit further losses.Read more

Bangalore News Desk

09 Mar 2026

Authorities in Bengaluru have announced a new traffic management plan aimed at improving pedestrian safety and reducing congestion. The proposal includes building 101 skywalks at major junctions to allow pedestrians to cross busy roads safely and avoid conflicts with vehicles. Officials have also relocated 103 poorly positioned bus stops to streamline public transport movement and reduce bottlenecks on key roads. In addition, 137 waterlogging-prone locations across the city have been identified for urgent drainage repairs ahead of the monsoon season. The initiatives will be incorporated into the upcoming budget of the Greater Bengaluru Authority (GBA). Officials said these measures form part of a broader effort to improve traffic flow, urban mobility and civic infrastructure in the rapidly growing city.Read more

09 Mar 2026

The Maharashtra government is considering an increase of more than 5% in ready reckoner (RR) rates from April 2026, a move linked to the state's rising debt burden and widening revenue deficit. RR rates serve as the government's benchmark property valuation used to calculate stamp duty and registration charges. Officials indicated that the revision is under evaluation by the state registration department after district-level consultations and analysis of property transactions across major urban markets. In several cities such as Mumbai, Pune and Thane, transaction values already exceed existing benchmark rates, prompting the government to examine a revision to better align official valuations with market trends. The final decision is expected before the end of March, and if implemented, the change could increase the cost of property registrations across the state.Read more

09 Mar 2026

The Haryana government has unveiled plans to transform Ambala Cantonment into a metropolitan hub through the development of seven new sectors under the Haryana Shehri Vikas Pradhikaran (HSVP), officials said in the past week. Announced by Anil Vij, Haryana's Minister for Energy, Transport and Labour, the sectors 27, 28, 36, 40, 40-A, 41-A and 42 will be developed across approximately 1,000 acres, extending urbanisation into adjoining villages including Ghasitpur, Bohawa and Shahpur. The expansion plan encompasses residential, commercial, industrial and open space zones, alongside enhanced transport and communication infrastructure. The state has also launched an e-Bhoomi portal to facilitate voluntary land aggregation, aimed at ensuring transparency and fair compensation for landowners. The initiative is part of broader efforts to bolster infrastructure, improve living standards and align Ambala's growth trajectory with metropolitan ambitions.Read more

09 Mar 2026

Hongkong Land has expressed optimism about the Hong Kong office market after a period of stabilising rents and growth in the fourth quarter. CFO Craig Beattie noted that underlying results for 2026 are expected to remain largely steady, with expansion driven by mainland Chinese holdings and Singapore fund management. Leasing improved last year due to stronger capital market activity and IPOs. The ongoing Tomorrow's CENTRAL redevelopment is temporarily affecting rental income but is projected to raise rents by 20-25% by 2027. Net debt and gearing have been significantly reduced.Read more

09 Mar 2026

The Maharashtra Housing and Area Development Authority has signed key agreements to advance the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, in partnership with Keystone Realtors and local housing societies. The project covers roughly 11.2-11.5 acres and will rehabilitate about 1,200 residents currently living in ageing buildings across the locality. Executed through Keystone Realtors subsidiary Keymidtown Developers, the redevelopment is expected to unlock around 20.7 lakh sq ft of saleable area with an estimated gross development value of about INR 4,521 crore. The agreements mark a key step in implementing the project after earlier approvals, with MHADA acting as the special planning authority. The initiative represents the authority's first redevelopment on private land using a construction-and-development agency model.The Maharashtra Housing and Area Development Authority has formalised agreements for the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, moving forward with a large urban renewal project intended to replace ageing residential structures with new housing. The agreements were signed earlier this month between MHADA, housing societies in the area and Keystone Realtors subsidiary, Keymidtown Developers, which will execute the redevelopment.Read more

Mumbai News Desk

09 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is planning to convert a 12,964 square metre (about 3.2-acre) recreation ground in Marol, Andheri East, along the Mithi River into what is expected to be Mumbai's first public urban forest. The plot, which currently has around 150 trees, has remained largely unused for several years. The project will be implemented through corporate social responsibility funding with support from environmental NGO Green Yatra. The plan includes dense plantations, biodiversity zones, and recreational facilities such as walking paths, children's play areas, and spaces for senior citizens.Read more

09 Mar 2026

Raymond Realty has completed definitive agreements to develop a residential project in Kandivali, Mumbai. The project is planned to have a gross development value of about INR 30 billion, reflecting the company's continued focus on expanding its footprint in key Mumbai suburbs. The agreements were signed earlier this week, marking a step forward in Raymond Realty's development pipeline. This move aligns with the firm's broader strategy of leveraging demand in well connected locations. The Kandivali project is expected to add significant residential inventory in the area and support the developer's growth plans.Read more

09 Mar 2026

Logistea AB has purchased a fully leased property in Oulu, Finland, valued at SEK 38 million, ensuring stable rental income and immediate cash flow. The move aligns with the company's strategy of investing in well-occupied, high-value assets. The acquisition strengthens Logistea's footprint in Finland's urban centers, adding to its portfolio of secure income-generating properties. Analysts highlight that such investments provide predictable returns and enhance portfolio stability. This step reflects the growing preference among Nordic real estate investors for fully leased properties with strong underlying values.Read more

09 Mar 2026

SAMHI Hotels has approved the acquisition of a 70% stake in RARE India for INR 47 crore, as the company looks to expand its presence in the fast-growing experiential travel segment. As part of the transaction, RARE India will also enter into an affiliation agreement with Marriott International, allowing the platform's properties to operate under the Outdoor Collection brand by Marriott Bonvoy across India, Nepal, Bhutan and Sri Lanka. The partnership is expected to strengthen RARE India's global reach through Marriott's distribution network and loyalty ecosystem. The acquisition will expand SAMHI's portfolio to around 100 hotels across ownership and affiliation models while enabling the group to tap into the rising demand for heritage and experience-led tourism.Read more

09 Mar 2026

The Competition Commission of India (CCI) has approved a proposed transaction involving Bagmane Prime Office REIT acquiring stakes in several Bagmane Group entities. The deal includes the direct acquisition of Bagmane Developers Private Limited, along with its subsidiary Bagmane Green Power LLP, and the indirect acquisition of Bagmane Rio Private Limited. The transaction also involves the transfer of the commercial asset Luxor @ Bagmane Capital Tech Park through the acquisition structure. Under the deal, the REIT's sponsor group and certain third-party shareholders will receive REIT units in exchange for transferring their shareholdings in the target companies. Bagmane Prime Office REIT was registered with the Securities and Exchange Board of India in July 2025. The approval confirms that the combination does not raise competition concerns.Read more

09 Mar 2026

The Women's Wing of CREDAI Surat has emerged as a key platform promoting women's participation in the real estate sector while supporting community welfare initiatives in Surat. Established two years ago, the group reflects the organisation's commitment to inclusivity and leadership opportunities for women in the construction ecosystem. Operating through a core committee of 15 members, the Women's Wing has undertaken several social initiatives, including medical camps for construction workers, grocery distribution for economically weaker families and maternal health programmes. The group also focuses on engaging children of construction workers through educational and recreational activities at project sites. Alongside social outreach, the initiative encourages women associated with the real estate sector to explore professional roles in architecture, design and real estate management.Read more

09 Mar 2026

The National Highways Authority of India has deployed more than 5,100 women staff during day shifts at over 1,140 toll plazas across India's national highways and expressway network as part of a nationwide initiative to promote gender inclusivity and women's empowerment. The move, supported by the Ministry of Road Transport and Highways, aims to increase female participation in frontline operational roles while improving service delivery at toll plazas. The decision follows consultations with toll operators and industry bodies, including the National Highways Builder Federation and the Highway Operators Association of India. Authorities said more women staff are expected to join the initiative, which will also include specialised training programmes to support professional and safe toll operations.Read more

09 Mar 2026

Bollywood actor Amitabh Bachchan has purchased a 2.67-acre land parcel in Ayodhya for INR 35 crore from real estate developer House of Abhinandan Lodha (HoABL). The transaction was executed by Rajesh Yadav on behalf of AB Corp Ltd. The land is located near HoABL's 75-acre luxury plotted development The Sarayu, where Bachchan had earlier purchased land parcels in 2024. This marks the actor's third investment in Ayodhya through HoABL and his fourth overall investment in the city. The deal highlights growing investor interest in Ayodhya's real estate market amid ongoing infrastructure development and rising demand for plotted land in emerging religious and tourism destinations.Read more

09 Mar 2026

The Haryana government is preparing to introduce a regulatory reform that would make registration of agreements to sell compulsory in property transactions across the state. Announced during the state budget presentation, the proposal aims to improve transparency and legal certainty in real estate dealings by ensuring that sale agreements are formally recorded with the registration authorities. At present, many agreements to sell are executed privately or merely notarised, which leaves buyers exposed to risks such as fraud, double selling and prolonged disputes. The proposed change would require such agreements to be registered with the sub-registrar before execution of the final sale deed. Officials indicated that the reform is intended to create a verifiable transaction trail and strengthen legal protection for buyers and sellers in Haryana's property market.Read more

09 Mar 2026

The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) for the allotment of land in Bandra Kurla Complex (BKC) to expand its operational footprint in Mumbai. Senior officials from BSE recently met MMRDA authorities to discuss identifying a suitable land parcel in the financial district. The proposed expansion is expected to strengthen Mumbai's position as India's financial capital and contribute to further institutional growth within BKC. The development follows the recent expansion by the National Stock Exchange of India in the same district, highlighting increasing demand from financial institutions and multinational corporations seeking a presence in one of India's most prominent financial and commercial hubs.Read more

09 Mar 2026

Private equity firm Oak Hill Capital has agreed to acquire Guild Garage Group in a deal valued at more than USD 800 million, according to people familiar with the matter. Launched in 2024, Guild Garage Group has rapidly expanded through acquisitions, purchasing nearly 30 residential garage door repair and replacement businesses across the United States. The company generates more than USD 300 million in annual revenue and roughly USD 50 million in EBITDA, sources said. The transaction highlights growing private equity interest in residential services businesses, which offer stable cash flows and consolidation opportunities in fragmented markets. Both Oak Hill Capital and Guild Garage Group declined to comment on the transaction.Read more