18 minutes ago

The Karnataka High Court has clarified that cooperative societies are not the appropriate legal structure for managing apartment complexes and their common areas. The court cancelled the registration of a cooperative society in Jakkur, noting that the Karnataka Apartment Ownership Act (KAOA) provides a clearer legal framework for ownership, voting, and administration of undivided interests in apartments. It highlighted that cooperative societies are limited by shareholding restrictions, voting constraints, and potential government intervention. The ruling reinforces that under local law and RERA, apartment owners associations under KAOA better safeguard the rights and interests of flat owners.Read more

48 minutes ago

Utopia Real Estate Investment and Tourism has declared a full-year dividend of EGP 2 per share, reflecting its steady financial performance over the past year. The announcement underscores the company's commitment to rewarding its shareholders and maintaining a consistent return on investment. Utopia Real Estate has been actively involved in real estate development and tourism projects, and this dividend follows a period of strategic growth and portfolio management. The payout strengthens investor confidence and highlights the firm's focus on sustainable financial practices.Read more

1 hour ago

The National Highways Authority of India (NHAI) is actively securing bitumen supplies to ensure uninterrupted road construction amid conflict in West Asia that threatens imports. India consumes nearly 9 million tonnes annually, with around one third traditionally sourced from abroad. NHAI is coordinating with domestic refiners including IOCL, BPCL, and HPCL to lock in supplies and manage price fluctuations. Officials are also considering increasing local production and diversifying imports to Southeast Asian countries to reduce dependency. Rising global prices and logistical challenges are key concerns for ongoing highway projects.Read more

1 hour ago

Lufthansa Group has increased its long-haul flight capacity to Asia and Africa after witnessing a sharp rise in travel demand. The airline has added additional services on routes including Munich Singapore, Frankfurt Cape Town and Frankfurt Riyadh, while Austrian Airlines has scheduled special flights between Vienna and Bangkok. The move comes as disruptions around Middle Eastern transit hubs such as Dubai and Doha have affected global aviation networks. With several Gulf carriers operating fewer flights due to regional tensions, European airlines are adjusting schedules and adding capacity to maintain connectivity and meet growing passenger demand for direct long-haul travel.Read more

2 hours ago

Swedish Logistic Property AB has announced plans to build a 23,300 sqm extension at its Ronnedal 1 property in Ulricehamn. The company has also secured a lease extension for the entire property by 10 years, effective from August 1, 2027. Upon completion of the expansion, an additional purchase price of SEK 117 million will be payable. This move strengthens the company's logistics footprint in the region and reflects its commitment to long-term operations and strategic asset development, aligning with past growth initiatives in Sweden.Read more

2 hours ago

Ashok Leyland, the Hinduja Group's commercial vehicle manufacturer, has announced plans to invest between INR 400 crore and INR 500 crore to establish a greenfield electric vehicle battery pack manufacturing facility at Pillaipakkam near Chennai, Tamil Nadu. The company held the groundbreaking ceremony for the facility earlier this week as part of the Hinduja Group's broader investment commitments under a memorandum of understanding signed with the Tamil Nadu government in September 2025. The plant is intended to support localisation of EV battery pack production and strengthen the domestic electric mobility supply chain. Ashok Leyland stated that the project aligns with Tamil Nadu's Electric Vehicle Policy 2023 and national initiatives such as the National Mission on Transformative Mobility and Battery Storage, which aim to expand India's EV manufacturing ecosystem and support the country's long-term net-zero emissions target for 2070.Read more

3 hours ago

Arunachal Pradesh has completed 1,254 out of 1,309 roads sanctioned under the Pradhan Mantri Gram Sadak Yojana (PMGSY), reaching about 96 percent progress in rural road development. The update was shared in the state Assembly by Rural Works Department minister Pasang Dorjee Sona. The remaining projects are mainly located in remote and difficult areas where construction has been affected by long monsoon seasons, landslides, terrain challenges and local land-related issues. The state government has requested the central government to extend the deadline until March 2027 and has also sought relaxation in eligibility norms to improve connectivity in smaller habitations.Read more

3 hours ago

Haryana's Revenue & Disaster Management Department has introduced uniform standards for recording government-owned land in revenue records. The financial commissioner highlighted that inconsistent entries such as provincial government caused confusion regarding ownership. Now, state-owned lands will be listed as Haryana government,with the concerned department noted in the cultivation column. This reform builds on directives from 2021 covering state, central, urban local bodies, and Panchayati Raj lands. The move is expected to improve transparency, legal clarity, and accountability in public land administration, while simplifying management and reducing disputes.Read more

4 hours ago

The Union Cabinet has approved a proposal to declare Madurai Airport as an international airport, a move aimed at improving global connectivity for southern Tamil Nadu. The decision is expected to support tourism, trade, and economic activity in and around Madurai, which is an important cultural and industrial centre in the region. Officials stated that the proposal was cleared considering the long-standing demand from local residents and businesses. The upgrade will allow airlines to operate more direct international services and strengthen the city's role in regional aviation and tourism development.Read more

4 hours ago

View United Real Estate Development reported a net profit of 21.6 million Riyals for the full year, alongside total sales of 95.3 million Riyals. The company maintained steady performance despite a challenging market environment. Analysts note that the results reflect disciplined cost management and a focus on sustainable growth. This financial outcome aligns with the company's ongoing strategy to strengthen its real estate portfolio while optimizing revenue streams. The figures indicate resilience in operations and a stable outlook for future periods.Read more

5 hours ago

In Kolkata's Dum Dum area, ongoing road repair work has led to protests by local residents and environmental groups, who raised concerns over damage to trees and saplings. Concrete bases were reportedly placed around some trees, affecting their roots, while other saplings were uprooted. Activists argue that such actions violate National Green Tribunal and Calcutta High Court guidelines. They demanded immediate removal of concrete encasements and replantation of damaged saplings. Residents said repeated requests to protect trees during construction were ignored, highlighting tension between infrastructure development and urban greenery.Read more

Mumbai News Desk

5 hours ago

Mumbai Police's Economic Offences Wing has arrested a developer in connection with an alleged INR 55 crore redevelopment fraud linked to a housing society in Versova, Andheri. The case relates to a 13-flat residential redevelopment project where residents claim their properties were misused through forged agreements and illegal transactions. According to investigators, flats meant for original society members were mortgaged to banks and sold to third parties without their consent. The arrest follows an earlier action against another developer involved in the project, and authorities are now examining financial records and property documents to trace the full extent of the fraud.Read more

6 hours ago

Swedish construction firm Skanska has secured a USD 102 million contract from the Port of Los Angeles to build the Avalon Pedestrian Bridge and Promenade Gateway, a project that will convert 12 acres of former industrial land into public spaces. The scope includes a cable stayed pedestrian bridge over active rail lines, landscaped plazas, terraces and pathways that will link with the recently finished Wilmington Waterfront Promenade. Work on the site began this March and is scheduled to run through mid 2028, extending public access and supporting waterfront redevelopment. The contract is part of Skanska's first quarter U.S. order bookings.Read more

6 hours ago

Embassy Developments Ltd has achieved a significant milestone at its Embassy Verde Phase II project in Embassy Springs, selling over 500 residential units in just four days. The sales generated approximately INR 4.95 billion, reflecting strong demand in the region. This performance highlights the growing appeal of Embassy Springs among homebuyers seeking modern residential communities. The swift uptake indicates confidence in the developer's projects and the location's potential. Embassy Developments continues to expand its footprint in residential real estate, building on previous successful launches in the area.Read more

7 hours ago

Navi Mumbai International Airport Ltd (NMIAL), a joint venture between the Adani Group and City and Industrial Development Corporation (CIDCO), has been named the premium airport partner for Airport 360 Expo 2026, scheduled to take place in Mumbai on April 23-24. The aviation industry event will bring together airport operators, policymakers, infrastructure planners and technology providers to discuss airport infrastructure, operations and emerging technologies. Through this partnership, NMIAL is expected to present insights from the development of Navi Mumbai International Airport and participate in discussions on passenger experience, operational efficiency and sustainable airport infrastructure in India.Read more

7 hours ago

Encroachment on railway land in Dimapur has become a major obstacle to the redevelopment of the city's railway station under the Amrit Bharat Station Scheme. The issue was discussed during the Budget session of the Nagaland Legislative Assembly, where legislators highlighted that a large portion of railway land is currently occupied by families and various structures. The proposed redevelopment project, estimated at around INR 283 crore, has been delayed due to disputes involving landowners and occupants. The state government is now in discussions with railway authorities and stakeholders to resolve the matter and allow the project to move forward.Read more

8 hours ago

The Vizhinjam Navaikulam Outer Ring Road project in Kerala is awaiting environmental clearance from the Ministry of Environment, Forest and Climate Change for its revised alignment. The INR 8,000 crore project, part of the Bharatmala Pariyojana programme, aims to improve connectivity to the Vizhinjam International Seaport and ease regional traffic congestion. Earlier clearance was withdrawn after realignment to address ecological concerns. Once approved, authorities plan to start land acquisition and compensation for affected owners. Multiple procedural hurdles and alignment revisions have caused delays, but officials expect approvals to progress soon.Read more

8 hours ago

The initial public offering (IPO) of Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), was subscribed 16% on the first day of bidding. The INR 6,000 crore InvIT issue received bids for 3.39 crore units against 21.33 crore units on offer, according to stock exchange data. The institutional investor category was subscribed 20%, while the portion reserved for other investors saw 11% subscription. A day earlier, the InvIT raised INR 1,728 crore from anchor investors including Life Insurance Corporation of India, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance and Bajaj Life Insurance. The issue is priced at INR 99-100 per unit and will remain open until March 13. The InvIT is backed by an initial portfolio of five toll road assets spanning more than 260 km across four states.Read more

9 hours ago

The Maharashtra government has suspended the issuance of new autorickshaw permits across the state while it reviews the current policy and prepares a revised framework. Transport Minister Pratap Sarnaik stated that the decision was taken due to the sharp increase in autorickshaws, traffic congestion in major cities and complaints about irregularities in permit distribution. Around 14 lakh permits have already been issued in the state, with over 10 lakh autorickshaws currently registered. The transport department will place a proposal before the state cabinet to finalise fresh rules and eligibility criteria for issuing permits in the future.Read more

9 hours ago

India's Global Capability Centres (GCCs) have evolved from cost-saving extensions of global operations into strategic engines shaping enterprise decisions, AI deployment, and innovation. Bengaluru, hosting over 875 GCCs and nearly 40% of India's GCC workforce, is now at the forefront of this transformation. The ET Edge GCC Summit 2026 in Bengaluru will explore how these centres are becoming AI-native, talent-driven hubs of enterprise value. Key discussions will cover strategic decision-making, responsible AI, cyber readiness, talent shifts, ESG integration, digital finance, and the changing workplace, highlighting India's leadership in the global GCC ecosystem.Read more

10 hours ago

China is planning to expand and strengthen highway infrastructure in border regions close to India under its upcoming 15th Five-Year Plan. The draft proposal includes construction of a 394 km highway in the Xinjiang Uygur Autonomous Region to improve connectivity between the northern and southern sides of the Tianshan Mountains. The planned route will run parallel to a strategic road passing through the disputed Aksai Chin region. The broader plan also includes upgrading three existing highways connected to Tibet and continuing work on the Dushanzi Kuqa highway project, which is expected to be completed in 2032.Read more

10 hours ago

Bhopal Metro's Orange Line has entered its underground construction phase with tunnel boring machines (TBMs) positioned for excavation. Spanning nearly 15 kilometers from Karond intersection to AIIMS Bhopal, the line combines elevated and subterranean sections. Work is focused near high-density urban areas including Bhopal Railway Station, Nadra Bus Stand, and Pul Bogda, where precise tunnelling is required. Officials expect the twin tunnels to be completed in the coming months. This development follows the opening of the elevated Subhash Nagar AIIMS stretch and is part of a larger two-line metro plan to improve connectivity and reduce congestion.Read more

11 hours ago

Vedanta Chairman Anil Agarwal has called for urgent steps to develop India's domestic natural resources, warning that global conflicts are disrupting supply chains and affecting the country's energy imports. He pointed out that India imports nearly 90 per cent of its oil, 95 per cent of its copper and 99.5 per cent of its gold despite having strong geological potential. Drawing from more than four decades in the mining, metals and oil sectors, Agarwal said expanding domestic production could reduce import dependence while generating jobs, industries and exports. He also emphasised the need for policy reforms and globally competitive mining companies.Read more

11 hours ago

Nearly 2,000 residents from about 87 colonies in Sanganer, Jaipur, organised a protest march in the past week expressing concern over the legal status of their homes following land acquisition by the Rajasthan Housing Board. Residents said thousands of families had purchased plots through cooperative societies and constructed houses over the years, supported by bank loans and local infrastructure development. The land was later included in an acquisition process by the housing board, creating uncertainty over ownership for approximately 15,000 houses built in the area. The demonstration, led by the Niyaman Hetu Sangharsh Samiti, sought government intervention to safeguard existing homes and explore solutions such as regularisation or de-acquisition of the land. Protest organisers indicated that the agitation could intensify if the state government does not respond to their demands for clarity and legal protection.Read more

12 hours ago

Solex Energy has received approval under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM) framework for its 3.78-gigawatt solar module manufacturing facility in Surat, Gujarat. The listing confirms that the company's solar modules meet the government's quality and reliability standards for use in domestic solar projects. The ALMM mechanism is aimed at strengthening India's solar manufacturing ecosystem and ensuring energy security. Solex Energy said the approval supports its clean energy ambitions as it plans to significantly expand its solar module manufacturing capacity to 15 GW with an estimated investment of about INR 8,000 crore.Read more

Kolkata News Desk

12 hours ago

The Kolkata Municipal Corporation (KMC) has sealed several commercial establishments in central Kolkata as part of an enforcement drive to recover unpaid property taxes from defaulting property owners. In one such operation, civic officials sealed 15 shops at Shreeram Arcade near SN Banerjee Road after issuing distress warrants to traders who had failed to clear outstanding tax dues. Municipal officials indicated that property tax arrears of around INR 5.5 crore remain pending from the shopping complex alone. Some traders reopened their establishments after making partial payments during the drive, while the civic body has set a deadline of 31 March for full settlement of dues. The enforcement action forms part of a broader municipal effort to improve property tax compliance among commercial establishments in key trading areas of central Kolkata.Read more

13 hours ago

Noida International Airport at Jewar in Uttar Pradesh has received its aerodrome licence, bringing the project close to starting operations. Union Civil Aviation Minister Kinjarapu Rammohan Naidu informed the Rajya Sabha that the airport is expected to be inaugurated soon and flight services could begin within the next two months. The greenfield airport is being developed to improve aviation capacity in the National Capital Region and nearby parts of Uttar Pradesh. In the first phase, the airport will operate with a single runway and a passenger terminal designed to handle about 12 million passengers annually.Read more

Mumbai News Desk

13 hours ago

Investment manager Arnya Real Estates Fund Advisors and Mumbai-based developer Supreme Universal have secured commitments of about INR 1,030 crore for their Arnya Real Estate Fund � Equity, marking the first close of the investment platform launched in November 2025. The Sebi-registered Category II alternative investment fund has a target corpus of INR 1,250 crore and will focus primarily on residential redevelopment opportunities in Mumbai, while also evaluating projects in Pune. Capital has been raised from a mix of domestic and offshore investors, including family offices and high-net-worth individuals, with around INR 220 crore committed by the sponsors themselves. The fund will deploy equity capital into redevelopment-led housing projects, with individual investments expected to range between INR 80 crore and INR 200 crore across several transactions currently under evaluation.Read more

14 hours ago

The Maharashtra government has assured the state assembly that the long-delayed Patra Chawl redevelopment project in Goregaon will be completed and houses will be handed over to eligible residents. The 47-acre project, which involves rehabilitation of 672 tenant families, has remained stalled for nearly 18 years due to redevelopment delays, investigations and legal disputes. Legislators raised concerns over incomplete work and residents' protests. The government stated that documentation related to the project has been processed and meetings will be held with stakeholders to resolve pending issues. Authorities will also examine complaints regarding construction quality before handing over flats.Read more

14 hours ago

The Maharashtra Legislative Assembly has approved an amendment to the Maharashtra Land Revenue Code that allows uncultivated grazing land, known as gairan land, within municipal areas to be used for public infrastructure projects. The state government said the change could make nearly 7,700 hectares of such land available for development, mainly in municipalities and smaller towns that face land shortages for civic works. The bill limits the use of these lands strictly to public purposes and bars commercial exploitation. District collectors will supervise allocation, while measurement and removal of encroachments will be completed before any project begins.Read more

Pune News Desk

15 hours ago

The Pune Municipal Corporation (PMC) is examining the use of artificial intelligence to identify unassessed properties and strengthen property tax collection as part of its revenue strategy for the upcoming financial year. Civic officials indicated that roughly 3.5 lakh properties within the city remain outside the municipal tax database, including buildings in newly merged areas and redeveloped structures where records have not been updated. The proposed AI-based assessment system would analyse municipal records, building footprints and geospatial data to detect properties missing from the tax net or inaccurately assessed. The initiative forms part of PMC�s broader effort to improve tax recovery and expand its revenue base, with the civic administration targeting around INR 7,000 crore in property tax collections from defaulters in the current fiscal year.Read more

15 hours ago

The expansion of 15-coach suburban train services on Mumbai�s Central Railway network has progressed slowly, with platform extension work completed at only five of the 34 identified stations. The project is aimed at enabling longer trains on the Chhatrapati Shivaji Maharaj Terminus�Kalyan, Kasara and Khopoli routes to increase passenger capacity and reduce overcrowding. Infrastructure upgrades such as platform lengthening, signalling adjustments and electrical modifications are required before these services can operate widely. Railway officials indicated that once the remaining work is completed, more 15-coach trains will be introduced to improve commuter capacity on the busy corridor.Read more

Goa News Desk

16 hours ago

The Goa government has introduced stricter compliance requirements for property owners by notifying the Goa (Verification of Tenants) Rules, 2026 under the Goa (Verification of Tenants) Act, 2024. The regulations make it mandatory for landlords to verify the identity of tenants and submit their details to the police within a specified timeframe. Failure to comply can result in penalties including imprisonment of up to six months and a fine of up to INR 10,000. The rules apply to residential properties across the state and require landlords to maintain documented records of tenants, including identity details and occupancy information. Authorities indicated that the measure aims to improve public safety and strengthen monitoring of rental housing, particularly in a state with a high volume of domestic and international visitors and a significant number of rented accommodations.Read more

16 hours ago

Air India has scheduled 78 additional international flights across nine routes to Europe, the United States, and neighbouring destinations to ease travel disruptions caused by the ongoing situation in West Asia. The extra flights, running between March 10 and March 18, will provide about 17,660 additional seats in both directions. Key connections include New York, London, Frankfurt, Paris, Amsterdam, Zurich, Malé, and Colombo, mainly from Delhi and Mumbai. The move aims to support passengers affected by airspace closures and operational challenges in Gulf countries while maintaining India's long?haul connectivity.Read more

17 hours ago

Telangana's real estate regulator has empowered homebuyers to take control of stalled housing projects after developers defaulted, ensuring work can be completed under official supervision. In two Jayathri Infrastructures projects, flat owners formed associations with regulatory backing to resume construction, secure municipal approvals, and obtain occupancy certificates. One project is now complete, while work has restarted on the other. Alongside penalties and cancellation of builder registrations, this action highlights RERA's proactive role in safeguarding investments, enabling buyers to complete stalled projects, and setting a precedent for similar interventions in the state.Read more

17 hours ago

The Haryana Real Estate Regulatory Authority (HRera) recently dismissed several complaints from homebuyers, citing lack of jurisdiction or noting that statutory remedies had already been provided. Cases included disputes over maintenance deposits and delayed possession claims. HRera clarified that disputes arising from private agreements between buyers and third parties fall outside its remit. It also emphasized that allottees who continue with projects after earlier compensation orders, such as interest for delay under the Real Estate (Regulation and Development) Act, 2016, are generally not entitled to additional claims for the same cause.Read more

Patna News Desk

17 hours ago

Construction activity has commenced on the Patna Water Metro project with the development of the first electric ferry charging station at Gandhi Ghat along the Ganga riverfront. The facility will support battery-powered vessels planned for the project's initial 10.5 km corridor connecting Digha Ghat and Kangan Ghat through several intermediate riverfront stops. The urban water transport initiative, estimated to cost about INR 908 crore, is being implemented jointly by the Inland Waterways Authority of India and the Bihar government with technical support from Cochin Shipyard. Charging infrastructure at Gandhi Ghat will form a key operational node for electric ferries, with additional charging facilities planned at other terminals as the corridor develops. Authorities expect the system to introduce an alternative mode of commuting across Patna's riverfront while supporting cleaner mobility and reducing pressure on congested road corridors in the city.Read more

18 hours ago

An artificial intelligence-based elephant intrusion detection system planned for the Palakkad–Madukkarai railway stretch on the Kerala–Tamil Nadu border has been delayed despite most installation work being completed. The system, intended to detect elephant movement near railway tracks and alert train crews in real time, was originally scheduled for commissioning by December 2024. Railway officials have indicated that additional trials and certification procedures are required before the technology can be operationalised. The corridor passes through forested terrain known for frequent elephant crossings and forms a key rail link between Kerala and Tamil Nadu, carrying a large number of passenger and freight services daily. Until the system becomes operational, railways and forest authorities continue to rely on precautionary measures such as speed restrictions, solar fencing, warning signboards and manual patrols to reduce the risk of train–elephant collisions.Read more

18 hours ago

Torrent Power has raised INR 2,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The company issued 2,00,000 debentures with a face value of INR 1 lakh each. These debentures are secured, rated, listed, taxable, non-cumulative, redeemable, and non-convertible, carrying a coupon rate of 7.97 per cent per annum. Fundraising through NCDs is commonly used by companies to strengthen liquidity and support expansion plans. Torrent Power has previously used similar debt instruments to finance its power generation, transmission, and distribution projects.Read more

Ludhiana News Desk

19 hours ago

The Greater Ludhiana Area Development Authority (GLADA) recently issued notices to two builders for carrying out construction beyond sanctioned limits and conducting commercial activity without approval. One builder had extended construction and violated building plans sanctioned in April 2024, while another added a basement and four floors against the approved structure. GLADA officials warned that any deviation could result in plan cancellation, sealing, or demolition, with legal responsibility resting entirely on the builders or property owners. This move is part of a sustained effort to curb unplanned urban development.Read more

Lucknow News Desk

19 hours ago

The Lucknow Development Authority (LDA) has allotted 549 developed residential plots to farmers and landowners who contributed land under the land pooling policy for the IT City project along Sultanpur Road in Lucknow. The allotment was conducted through a lottery draw held earlier this week at the Indira Gandhi Pratishthan. The plots, located across sectors 15, 16, 17, 18 and 30 of the planned township, were distributed in six size categories ranging from 35 sq m to 288 sq m. Around 350 landowners had pooled approximately 550 acres of land for the project, which is being developed over about 3,490 acres across villages in Mohanlalganj tehsil. The allotment forms part of the authority's strategy to compensate farmers with developed plots while assembling land for the integrated IT City township.Read more

Lucknow News Desk

20 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties totalling more than INR 2.43 crore on two Lucknow-based real estate promoters for failing to upload mandatory quarterly progress reports (QPRs) on the regulator's online portal. The action relates to the Arpita Infinity and Ganpati Smart City projects, both of which did not update required project information despite repeated notices from the authority. Under the Real Estate (Regulation and Development) Act, 2016 and the state RERA rules, promoters must submit quarterly updates on project progress, approvals, bookings and construction status within a stipulated timeframe. UP-RERA said the penalties represent up to five per cent of the respective project costs and directed both promoters to deposit the fines and update pending disclosures within 15 days, reinforcing regulatory oversight and transparency in project reporting.Read more

Delhi News Desk

20 hours ago

Prime Minister Narendra Modi inaugurated and laid the foundation stone for multiple infrastructure and urban development projects worth around INR 33,500 crore in Delhi in the past week, combining metro network expansion with large-scale government housing redevelopment. The initiative includes the launch of two Delhi Metro corridors — the 12.3 km Majlis Park-Maujpur Babarpur stretch on the Pink Line and the 9.9 km Deepali Chowk–Majlis Park corridor on the Magenta Line — aimed at improving connectivity in north and north-east parts of the capital. In addition, the government initiated redevelopment works under the General Pool Residential Accommodation (GPRA) programme valued at about INR 15,200 crore, covering housing and office infrastructure in key government colonies. The projects form part of broader efforts to expand urban mobility and modernise central government housing assets across the national capital.Read more

21 hours ago

Indian Railway Finance Corporation (IRFC) has approved a borrowing programme of up to INR 70,000 crore for the financial year 2026-27 to meet the funding needs of Indian Railways and support its lending operations. The funds will be raised through a mix of financial instruments depending on market conditions. The borrowing will be used for railway project financing, refinancing of existing liabilities and supporting new initiatives under the company's IRFC 2.0 strategy. As the dedicated financing arm of the Ministry of Railways, IRFC continues to play a key role in raising capital for railway infrastructure development in India.Read more

22 hours ago

The National Highways Authority of India has released the first National Highways Green Cover Index (NH-GCI) report for 2025-26, providing a satellite-based measurement of vegetation along India's highways. Using data from ISRO's National Remote Sensing Centre, the study assessed around 30,000 km of highways across 24 states for the July-December 2024 period, estimating green cover within the Right of Way. The report ranks states on green cover, with Assam, Gujarat, Telangana, Bihar, and Tamil Nadu leading, and Himachal Pradesh, Delhi, Chhattisgarh, Odisha, and Jammu & Kashmir at the lower end. It sets a baseline for future monitoring.Read more

23 hours ago

The Haryana Real Estate Regulatory Authority (HRera) has directed Burman Estate Pvt Ltd to pay delay possession interest at 10.80 % per annum to two homebuyers after failing to hand over a serviced apartment in the Gurgaon Spectrum Centre project by the original March 15, 2021 deadline. Although the occupation certificate was issued in late 2024, possession had not been offered. HRera rejected the builder's plea for a second COVID-19 extension, citing that statutory relief had already been availed. Buyers had paid more than the sale consideration and sought multiple reliefs under RERA.Read more

11 Mar 2026

The Haryana government has initiated plans to develop waste-to-energy (WTE) facilities in several major cities as part of efforts to improve municipal solid waste management and reduce reliance on landfill dumping. The Urban Local Bodies (ULB) department has constituted a committee to prepare a model request for proposal (RFP) and assess project feasibility in cities including Gurugram, Faridabad and Hisar. The panel has been tasked with identifying potential project sites, estimating waste generation and preparing frameworks for public-private partnership (PPP) implementation. The initiative is aligned with broader waste management efforts under the Swachh Bharat Mission (Urban). However, environmental groups and waste management experts have raised concerns over the environmental impact of incineration-based plants and have argued that the Solid Waste Management Rules, 2016 prioritise waste segregation, recycling and composting before considering energy recovery technologies.Read more

11 Mar 2026

A federal jury in Manhattan has convicted brothers Oren Alexander, Tal Alexander and Alon Alexander in a high-profile sex trafficking case involving allegations that women were lured to exclusive parties and sexually abused. Prosecutors argued that the brothers used a pattern of manipulation to isolate and assault victims, while the defense maintained the encounters were consensual. The case followed a months-long trial during which 11 women testified about abuse. Oren and Tal Alexander, known figures in New York's luxury real estate brokerage industry and co-founders of Official, now face sentencing while their legal teams consider an appeal.Read more

11 Mar 2026

The Karnataka revenue department has initiated a statewide digitisation programme aimed at making land survey services fully online by 2026, enabling citizens to apply for surveys, access land sketches and obtain boundary information without visiting government offices. The initiative is being implemented through the Survey, Settlement and Land Records (SSLR) wing and forms part of broader reforms to modernise land administration and improve transparency in property records. Under the plan, historical survey documents and physical land measurement records will be digitised and converted into geospatial maps, while each property will receive a Unique Land Parcel Identification Number (ULPIN). The digital system will integrate survey data with other land-related databases across departments, including urban development and panchayat authorities, with the aim of reducing disputes, improving service delivery and enabling more accurate land-use monitoring across the state.Read more

11 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has imposed penalties totalling over INR 2.43 crore on two real estate promoters in Lucknow for failing to upload mandatory quarterly progress reports (QPRs) on its online portal. The action followed repeated reminders and notices that were not complied with. One penalty of INR 16.25 lakh was imposed on the promoter of the Arpita Infinity project, while another penalty of INR 2.27 crore was levied on the promoter of Ganpati Smart City. UP RERA stated that quarterly reporting is a key compliance requirement under the Real Estate (Regulation and Development) Act, 2016 to maintain transparency in project execution.Read more