37 minutes ago

• The Jharkhand government has launched an online portal to facilitate the regularisation of unauthorised residential buildings across urban areas of the state under the Jharkhand Unauthorised Constructed Building Regularisation Rules, 2026.
• The initiative was launched by Urban Development Minister Sudivya Kumar following Cabinet approval of the new regularisation rules in April this year.
• The scheme applies to residential buildings up to G+2 height and structures built on plots measuring up to 300 sq m, subject to prescribed penalties and conditions.
• Officials stated that nearly seven lakh property owners across Jharkhand could benefit from the regularisation framework, with applicants allowed to pay fees in three instalments.
• The state government said the move is intended to improve planned urban development, simplify approvals and provide relief to owners of existing constructions built without sanctioned plans.Read more

1 hour ago

• BuzzWorks has launched a new 16,000 sq ft managed office space in Mysuru with over 500 seats.
• The facility is located at Brigade Vantage on Vinoba Road and targets GCCs, startups and enterprise clients.
• The company is expanding its flexible workspace portfolio across Mysuru, Bengaluru and Chennai during FY27.
• Growing demand for premium managed offices in tier-II cities is driving expansion beyond metro markets.
• BuzzWorks had earlier expanded into Hyderabad and is targeting significant growth in South India’s flexible office market.Read more

Gurugram News Desk

2 hours ago

• Gurugram authorities have stepped up demolition and sealing operations against illegal constructions, unauthorised colonies, and building violations across multiple parts of the city.
• The Department of Town and Country Planning (DTCP) carried out action against illegal builder floors, unauthorised commercial activities, and structures developed without approvals.
• Officials said the enforcement drives were conducted with police support following repeated complaints and monitoring of violations in residential and developing sectors.
• The crackdown comes amid rising concerns over pressure on civic infrastructure, misuse of residential properties, and violations linked to the stilt-plus-four-floor policy.
• Authorities have indicated that enforcement activity will continue in the coming weeks, especially in rapidly developing areas witnessing unauthorised construction activity.Read more

Pune News Desk

3 hours ago

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more

4 hours ago

Adani Airport Holdings has entered into a partnership with IHG Hotels & Resorts to develop five hotels across Jaipur, Mangaluru, Thiruvananthapuram and the Mumbai Metropolitan Region. The proposed developments will add nearly 1,500 hotel keys under multiple brands, including the India debut of IHG’s luxury lifestyle brand Kimpton Hotels & Restaurants. The projects will be part of airport-linked mixed-use developments being planned by Adani Airport Holdings. The move comes amid rising travel demand and growing investments in airport-led urban infrastructure and hospitality projects across India.Read more

5 hours ago

• PNC Infratech and SPS Constructions secured a Ganga bridge EPC project in Kanpur from UPSBC.
• The INR 559.53 crore project includes a four-lane bridge, approach roads and protection works.
• The project will be executed over 36 months through a 50:50 joint venture.Read more

Delhi News Desk

6 hours ago

The Delhi government is considering a substantial increase in financial assistance for the maintenance and development of parks and gardens across the national capital, including a proposal to provide 100 per cent funding for eligible projects undertaken by RWAs, NGOs and registered societies. The proposal includes raising annual maintenance support from INR 2.55 lakh per acre to INR 3.8 lakh per acre and increasing one-time assistance for development of new parks from INR 1 lakh per acre to INR 2.9 lakh per acre. Additional grants of up to INR 2.5 lakh per acre have also been proposed for upgrading existing parks and civic amenities. Chief Minister Rekha Gupta stated that the initiative is aimed at strengthening Delhi’s green cover, improving urban environmental conditions and encouraging greater community participation in neighbourhood park management.Read more

7 hours ago

• The National Highways Authority of India (NHAI) and the Survey of India are introducing a new satellite-based system to improve road construction.
• The technology, known as Continuously Operating Reference Stations (CORS), provides centimetre-level accuracy for surveying and planning highways.
• This system replaces older GPS methods and allows for real-time, error-free mapping even in difficult or uneven landscapes.
• By using this network, the government aims to finish projects faster, reduce construction costs, and ensure roads are built to higher quality standards.Read more

8 hours ago

• SEBI has proposed phased physical settlement for select agricultural commodity derivatives contracts.
• Contracts may initially trade as financially settled instruments before shifting to mandatory physical settlement.
• Transition to physical delivery would be linked to trading volume, open interest thresholds or a two-year timeline.
• SEBI has invited public comments on the proposal until 2 June 2026.Read more

18 May 2026

The Maharashtra government has approved housing advances amounting to INR 1,768 crore for more than 5,400 police personnel under a state-backed financial assistance scheme aimed at supporting home purchases and residential construction. The approvals were granted through the state home department and are intended to assist serving police officers and staff in acquiring permanent housing across Maharashtra. Officials stated that the sanctioned advances cover personnel from multiple police units and departments and form part of broader welfare measures for the state police force. The move comes amid continued demand for improved residential support and housing access for government employees, particularly in urban centres where rising property values and rental costs have increased financial pressures. The initiative is expected to support home ownership among police personnel while strengthening employee welfare infrastructure within the state administration.Read more

18 May 2026

• IRB Infrastructure Trust has made a non-binding offer to transfer two operational BOT highway assets valued at approximately INR 4,663 crore to IRB InvIT Fund.
• The proposed transaction includes the Solapur-Yedeshi NH211 project in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan, together spanning 1,144 lane kilometres.
• The asset valuation was carried out by an independent valuer as of March 31, 2026, while the proposal was approved by the board of the investment manager of IRB Infrastructure Trust in the past week.
• The company stated that the proceeds from the proposed transfer would be used to fund future infrastructure opportunities, while the public InvIT platform would benefit from additional revenue-generating assets and a longer concession profile.
• IRB Group said the transaction forms part of its broader capital recycling strategy aimed at expanding its infrastructure asset base to INR 1.4 lakh crore by 2029.Read more

18 May 2026

The Odisha government has reduced the stamp duty for registration of common areas in apartment projects to a fixed INR 50,000, replacing the earlier 5% levy charged on residents’ associations. The move is aimed at easing apartment registration procedures and resolving delays linked to transfer of common areas under the Odisha Apartment (Ownership and Management) Act, 2023. Alongside this, the state has introduced a uniform 5% stamp duty on apartment purchases. The changes are expected to improve compliance and speed up pending registrations, though concerns remain over higher costs for affordable housing buyers.Read more

Ghaziabad News Desk

18 May 2026

• A major fire at the Gaur Green Avenue society in Ghaziabad damaged multiple flats and triggered fresh concerns over fire preparedness in NCR’s high-rise residential projects.
• Residents alleged lapses in emergency response, blocked access routes and non-functional fire safety systems during the rescue operation.
• An inquiry panel reviewed the incident but stated that the exact cause of the blaze could not be conclusively identified.
• Following the fire, authorities issued notices to nearly 150 residential and commercial properties in Ghaziabad for violations related to fire safety norms and emergency access.Read more

18 May 2026

Kalpataru Ltd reported a multi-fold increase in consolidated net profit during the March quarter of FY26, supported by higher income, record pre-sales and sustained housing demand across key residential markets. The company posted a net profit of INR 200.47 crore during the quarter compared to INR 14.05 crore in the corresponding period last year. Total income for the quarter rose to INR 1,728.69 crore from INR 667.20 crore a year earlier. During FY26, Kalpataru achieved its highest-ever annual pre-sales of INR 5,280 crore and collections of INR 4,960 crore. The developer attributed the performance to strong execution, project completions and healthy demand across multiple micro-markets. The company currently has 31 ongoing and forthcoming projects spanning over 43.3 million sq ft across Mumbai Metropolitan Region and other major Indian cities.Read more

18 May 2026

Canada’s housing market showed early signs of recovery in April as home sales recorded a modest monthly rise after a slow start to the month. Data released by the Canadian Real Estate Association (CREA) showed that while transactions improved slightly from March levels, overall activity remained below last year’s pace. Property prices also continued to soften, reflecting cautious buyer sentiment amid economic uncertainty and elevated mortgage rates. At the same time, new property listings increased, adding to available inventory in the market. CREA indicated that any broader housing recovery this year is likely to remain gradual rather than strong.Read more

18 May 2026

• Ranbir Kapoor has acquired a land parcel worth approximately INR 3.31 crore at The Sarayu, a plotted development project in Ayodhya by The House of Abhinandan Lodha.
• The acquired parcel measures 2,134 sq ft and forms part of the 75-acre riverfront development located along the banks of the Sarayu river.
• The project includes residential plots, a clubhouse, lifestyle amenities and a luxury hospitality component to be managed by The Leela.
• HoABL stated that growing investor interest in Ayodhya is being supported by increased tourism and religious infrastructure development linked to the Ram temple project.
• Government estimates cited by the company showed Ayodhya receiving approximately 23 crore visitors between January and June 2025, compared to nearly 5.75 crore visitors before the construction of the Ram temple.Read more

18 May 2026

Adani Airport Holdings Ltd (AAHL) has partnered with IHG Hotels & Resorts to develop five hotels across major airport-linked and urban growth destinations, including Mumbai, Navi Mumbai, Ahmedabad, Jaipur, Mangaluru and Thiruvananthapuram. The agreement will add nearly 1,500 hotel keys across multiple brands and also mark the India debut of IHG’s luxury lifestyle brand, Kimpton Hotels & Restaurants. The move comes as airport-led developments continue to gain traction amid rising domestic travel, tourism and business movement. AAHL said the partnership aligns with its larger strategy of building integrated airport cities combining hospitality, retail and commercial infrastructure.Read more

Noida News Desk

18 May 2026

The Noida Authority has launched a large-scale plot allotment scheme comprising industrial, institutional, commercial, hospital, hotel and corporate office land parcels across multiple sectors in Noida. The scheme includes a 29,408 sq m commercial plot carrying a reserve price of INR 758 crore, making it the highest-valued parcel under the current offering. Authorities stated that the plots will be allotted through e-auction and interview-based processes beginning this month. The launch comes amid rising investor interest linked to infrastructure expansion and the upcoming operationalisation of the Noida International Airport. The scheme also includes hotel, healthcare and educational institution plots across sectors including 18, 19, 42, 71, 93-B, 94, 96, 117, 124, 142, 145 and 153.Read more

18 May 2026

Blackstone Digital Infrastructure Trust has raised USD 1.75 billion through its US initial public offering, reflecting growing investor interest in data centers linked to artificial intelligence expansion. The newly formed REIT plans to acquire newly built data centers leased to large investment-grade hyperscale tenants across major US markets including Northern Virginia, Ohio and Phoenix. The IPO comes at a time when global technology firms are sharply increasing spending on AI infrastructure. Blackstone, which already manages a large global digital infrastructure portfolio, continues to strengthen its presence in the fast-growing data center sector.Read more

18 May 2026

• CMS Info Systems secured a five-year ATM managed services contract worth INR 400 crore from HDFC Bank.
• Under the agreement, CMS Info Systems will manage 6,000 ATMs for the bank and provide services including currency forecasting, cash logistics and AI-enabled operational solutions.
• The company stated that the mandate is expected to increase the contribution of private sector banks to its revenue mix from 25 per cent currently to nearly 30 per cent by the end of FY27.
• The development reflects continued outsourcing and technology integration trends across India’s banking infrastructure and financial services sector.Read more

18 May 2026

• Maharashtra’s Chief Controlling Revenue Authority has upheld a stamp duty demand and penalty amounting to nearly INR 21 crore against Amadea Enterprises LLP over a land transaction in Mundhwa, Pune.
• The dispute relates to the acquisition of approximately 40 acres of former Mahar Watan land for around INR 300 crore through a sale deed registered in May 2025.
• Authorities found that the firm claimed stamp duty exemption under the state’s IT/ITES policy without securing the required approval from the District Industries Centre.
• The registration department ruled that the concession was incorrectly availed after only INR 500 was paid during execution of the transaction.
• The matter remains under legal and administrative scrutiny, with the company expected to pursue further remedies under the Maharashtra Stamp Act.Read more

18 May 2026

NITI Aayog has said it is working with the Ministry of Road Transport and Highways and National Highways Logistics Management Limited to revise and update the model concession agreement for multimodal logistics parks, with the aim of improving project viability and implementation. In its Annual Report 2025-26, the policy think tank stated that the revised framework is intended to enhance the bankability and bid attractiveness of logistics infrastructure projects. NITI Aayog also disclosed its involvement in railway station redevelopment projects in Vijayawada and the preparation of a public-private partnership framework for integrated sports stadium developments. The initiatives form part of broader efforts to strengthen infrastructure delivery models through private sector participation across transport, logistics and urban infrastructure segments.Read more

18 May 2026

• Britain’s housing market remained weak over the past month as higher mortgage rates and economic uncertainty affected buyer confidence.
• A survey by the Royal Institution of Chartered Surveyors (RICS) showed house prices recorded their sharpest decline since November 2023.
• Buyer enquiries and price expectations improved slightly but overall market sentiment continued to stay subdued.
• Concerns over inflation, elevated oil prices and supply chain disruptions linked to geopolitical tensions added pressure on the property market.
• Rental prices continued to rise due to limited housing supply and steady demand across several UK cities.Read more

18 May 2026

• The Securities and Exchange Board of India (SEBI) is reviewing the 2015 municipal debt regulations to make it easier for local bodies to raise funds.
• The proposed changes will allow more urban local bodies and statutory organisations to issue bonds for city-level infrastructure and development projects.
• A new framework for 'Green Muni Bonds' has been introduced to attract investment specifically for sustainable and environmentally friendly civic initiatives.
• The regulator aims to improve transparency and financial reporting standards to encourage institutional investors to fund public utility and smart city work.Read more

18 May 2026

Knowledge Realty Trust, a real estate investment trust backed by Sattva Group and Blackstone, reported strong financial and operational growth for the quarter ending March. The REIT announced a distribution of INR 716.6 crore to unitholders, supported by a 14% rise in net operating income to INR 1,053.3 crore. Leasing activity remained strong with 1.1 million sq ft added during the quarter, contributing to higher occupancy levels. For the full fiscal period, the trust recorded steady growth in income, improved leasing momentum, and a diversified office portfolio across major Indian cities.Read more

18 May 2026

• The Maharashtra government has approved around INR 104.48 crore for land acquisition for the proposed greenfield airport in Gadchiroli district.
• The airport project will be developed across four villages in Chamorshi taluka with more than 311 hectares identified for acquisition.
• Maharashtra Airport Development Company (MADC) has been appointed as the nodal agency for implementation of the project.
• The proposed airport is expected to improve regional air connectivity and support upcoming industrial and mining investments in eastern Maharashtra.
• The project has also faced resistance from some local farmers over concerns related to land acquisition and livelihood impact.Read more

18 May 2026

Signature Global reported a substantial increase in consolidated net profit for the quarter ended March 2026, primarily supported by an exceptional gain arising from investment in a joint venture. The company posted a net profit of INR 1,152.40 crore during the quarter, compared to INR 61.12 crore in the corresponding period last year. Total income for the quarter also more than doubled to INR 1,195.22 crore. During FY26, Signature Global recorded consolidated net profit of INR 1,094.64 crore against INR 101.2 crore in the previous financial year, while annual income rose to INR 2,778.85 crore. The company disclosed an exceptional gain of INR 1,267 crore during the March quarter, which significantly contributed to the improved profitability.Read more

18 May 2026

• Vistry Group has warned of lower annual profit and plans to slow house-building activity amid rising construction costs, weaker housing demand and economic uncertainty in the UK market.
• The company has paused share buybacks, tightened land acquisition plans and increased customer incentives to improve cash flow and reduce debt pressure.
• Despite reporting a 32% rise in year-to-date sales supported by incentives, Vistry said demand softened in recent months while material and labour costs continued to increase due to geopolitical tensions and inflationary pressure.
• The slowdown reflects wider challenges across the UK housing sector, with developers such as Berkeley Group, Barratt Redrow and Taylor Wimpey also reducing land approvals and expansion activity.Read more

18 May 2026

The Karnataka government has launched the ‘Bhoo Guarantee – Nanna Khata, Nanna Hakku’ programme aimed at digitising and regularising nearly 23 lakh properties across Bengaluru. The initiative includes a 100-day one-time settlement window allowing around seven lakh B-Khata property owners to convert their holdings into A-Khata status by paying 2% of the guidance value instead of the existing 5% fee. The programme, announced by Deputy Chief Minister D K Shivakumar, also proposes relaxation in building violation norms and expansion of property digitisation through Aadhaar-linked records and GIS mapping. Weekly open-house camps will be organised across Bengaluru to support property owners with e-Khata services and grievance resolution. The move is expected to impact property documentation, transactions, utility access and regularisation across the city’s residential market.Read more

18 May 2026

British commercial property company Land Securities Group, also known as Landsec, reported annual results that were ahead of market expectations, supported by strong demand across its office and retail portfolio. The company recorded higher occupancy levels, growth in rental income and better-than-expected property valuations at the end of the financial year. Demand from AI-focused companies also continued to support premium office leasing in London. While Landsec plans to remain cautious on new office developments over the next 18 months, it is looking at retail acquisitions after seeing its strongest retail rental growth in nearly two decades.Read more

18 May 2026

Uber is set to establish its first data centre in India in partnership with Adani Group, marking a significant step in the company’s expanding technology and infrastructure presence in the country. The facility, expected to become operational later this year, will support the testing and deployment of Uber’s technology solutions from India for global operations. The announcement was made by Uber Chief Executive Officer Dara Khosrowshahi following a meeting with Gautam Adani in Ahmedabad. While financial details and investment size were not disclosed, the development reflects growing interest among global technology firms in strengthening local digital infrastructure and data processing capabilities within India’s rapidly expanding innovation and technology ecosystem.Read more

18 May 2026

Indian Railway Finance Corporation reported a steady financial performance for the March quarter, with net profit remaining largely unchanged at INR 1,684 crore. The company’s annual profit touched a record high in FY26, supported by higher income, rising interest earnings and growth in railway-linked financing activities. The state-owned financier also reported a sharp rise in assets under management to INR 4.85 lakh crore as it expanded beyond its traditional financing base. During the year, IRFC increased sanctions and disbursements while maintaining its long-standing zero non-performing asset record.Read more

18 May 2026

The National Company Law Tribunal has approved the withdrawal of insolvency proceedings against Nobility Estates, the developer of ATS Group’s Le Grandiose project in Noida, after lenders and the company’s earlier management reached a settlement. The proposal received more than 92% approval from the committee of creditors, including strong backing from homebuyers. The settlement includes repayment commitments, allocation of residential units to lenders, and timelines for regulatory approvals and project completion. The tribunal has restored management control to the company’s board, bringing temporary relief to homebuyers and lenders involved in the stalled project.Read more

18 May 2026

Brigade Enterprises Ltd reported a 5 per cent decline in its pre-sales for the last fiscal, which stood at INR 7,424 crore compared to INR 7,847 crore in the previous year. The company attributed the drop mainly to delays in obtaining approvals, which pushed several residential project launches into the later part of the fourth quarter and some into the next fiscal cycle. Despite the slowdown in launches, average realisation improved, supported by better pricing and a shift toward higher-value housing. The company also posted growth in net profit and total income during the year.Read more

18 May 2026

Punjab cabinet minister Sanjeev Arora has approached the Punjab and Haryana High Court challenging his arrest by the Enforcement Directorate (ED) in connection with an alleged money laundering investigation linked to a land fraud case. The petition contends that the arrest was illegal and carried out without following due legal procedure. The ED had earlier arrested Arora under provisions of the Prevention of Money Laundering Act (PMLA) following searches and investigation into alleged irregular land transactions and related financial dealings. The matter is connected to a broader probe involving allegations of cheating, fraudulent property transactions and laundering of proceeds generated through the alleged offences. The High Court is expected to hear the matter shortly as legal proceedings continue in the case.Read more

18 May 2026

DLF reported a marginal decline in consolidated net profit for the quarter ended March 2026, with earnings slipping 1% year-on-year to INR 1,268.56 crore due to lower income during the period. The company’s total income for the fourth quarter fell significantly compared to the corresponding quarter of the previous financial year. Despite the softer quarterly performance, DLF recorded higher annual earnings and revenue for FY26, supported by growth across its real estate operations. The company posted a full-year consolidated net profit of INR 4,414.68 crore and total income of INR 9,816.04 crore. DLF remains India’s largest listed real estate developer by market capitalisation and continues to maintain a dominant presence across residential, commercial and rental real estate segments.Read more

18 May 2026

Chandigarh has introduced a new tenancy framework by extending the Assam Tenancy Act, 2021 to the Union Territory, replacing the decades-old East Punjab Urban Rent Restriction Act, 1949. The move is expected to formalise the city’s rental housing market, where a large share of residents live in rented homes. The new law makes written tenancy agreements mandatory, caps security deposits, introduces a three-tier dispute resolution system and brings digital registration of rent agreements. Officials believe the reforms will improve transparency, reduce disputes and increase the supply of rental housing across residential and commercial segments.Read more

18 May 2026

Delegations from the World Bank and the Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the greenfield capital city project being executed by the Andhra Pradesh Capital Region Development Authority (APCRDA). The teams assessed the progress of infrastructure construction, environmental and social safeguard measures, labour welfare facilities and smart city initiatives across the capital region. The visiting delegation included World Bank Vice President and Chief Risk Officer Dennis McLaughlin. Officials also inspected project sites including the Gravity Canal at N16 Junction near Dondapadu and visited the APCRDA Command and Control Centre to review integrated monitoring systems and technology-led governance initiatives. Discussions related to Phase-II funding and infrastructure financing requirements for Amaravati are also scheduled as part of the ongoing engagement process.Read more

Lucknow News Desk

18 May 2026

• The Lucknow Development Authority (LDA) is planning to develop around 900 affordable flats for EWS and LIG families on Sitapur Road in Lucknow.
• The housing project will come up on nearly 16,000 square metres of land near Shia PG College that was recently cleared of encroachment.
• The scheme is part of LDA’s broader focus on increasing affordable housing supply across developing residential corridors in the city.
• Officials indicated that the project will include basic civic infrastructure, internal connectivity and improved residential facilities for lower and middle-income homebuyers.
• The development is expected to support rising residential demand in northern Lucknow, where infrastructure and housing activity have been steadily growing in recent years.Read more

17 May 2026

Navi Mumbai Municipal Corporation has appealed to residents in the Airoli and Belapur assembly constituencies to cooperate with the ongoing Special Intensive Revision (SIR) programme being conducted by the Election Commission of India to update and verify electoral rolls. The exercise aims to align the 2024 voter list with the final electoral roll prepared in 2002 through a voter mapping process. Maharashtra Chief Electoral Officer S. Chockalingam recently reviewed the progress of the initiative during a visit to the Navi Mumbai civic headquarters and instructed officials to accelerate the verification process. Booth Level Officers (BLOs) have been tasked with correcting duplicate, incomplete and invalid voter records while conducting field-level verification. Citizens have been advised to confirm their voter record mapping through the BLO application and provide accurate information during household verification visits.Read more

17 May 2026

Danube Properties has launched “Greenz by Danube”, a fully furnished master villa community in Dubai featuring townhouses, semi-detached villas and twin villas with prices starting from AED 3.5 million. The project was unveiled in Dubai in the past week by Nahyan bin Mubarak Al Nahyan during an event attended by more than 7,000 investors, business leaders and industry stakeholders. Located near Dubai International Academic City and Dubai Silicon Oasis, the development will include over 50 amenities spread across themed leisure zones and will offer a flexible 1% monthly payment plan. The project is scheduled for handover in December 2029 and forms part of Danube Properties’ broader expansion within Dubai’s growing residential market and emerging technology-led urban corridors.Read more

17 May 2026

• Kochi Metro Rail Ltd has revised the commissioning timeline for the Phase II Pink Line corridor, with operations now expected to begin in April 2027 instead of the earlier mid-2026 target due to delays in funding and construction work.
• The delay was mainly linked to the pending release of an INR 1,016.24 crore loan from the Asian Infrastructure Investment Bank, which slowed civil, electrical and station-related works across multiple stretches of the project.
• The 11.2-km corridor connecting JLN Stadium and Infopark is expected to improve connectivity to Kakkanad’s IT and commercial hubs, where a large number of employees currently rely on road-based transport for daily travel.Read more

Bangalore News Desk

17 May 2026

• South Western Railway has extended the completion deadline for the Bengaluru Cantonment-Whitefield rail quadrupling project to March 2027 due to construction and land-related challenges.
• The 19-km corridor project, approved in 2018 at INR 492 crore, has now seen its estimated cost rise to around INR 664.5 crore.
• Nearly 75 per cent of the work has been completed, including commissioning of the Cantonment-Byappanahalli section.
• The upgraded rail corridor is expected to improve suburban train movement, reduce congestion and support additional MEMU services across Bengaluru.
• Station redevelopment and infrastructure upgrades are also underway at Whitefield and KR Pura railway stations.Read more

17 May 2026

• Avaada Group added 2 gigawatt of renewable energy capacity during the financial year ended March 2026, taking its overall portfolio beyond 17.7 gigawatt peak (GWp).
• The company stated that 7.2 GWp of the portfolio is operational, while 10.5 GWp remains under construction across multiple renewable energy projects.
• Avaada’s portfolio includes solar, wind, hybrid renewable systems, firm and dispatchable renewable energy (FDRE) projects and solar-plus-storage developments.
• The expansion comes amid continued investment activity across India’s renewable energy and energy infrastructure sectors as developers scale capacity to meet rising clean power demand and energy transition targets.Read more

17 May 2026

NTT DC REIT reported a full-year net property income of USD 74.9 million, according to a recent company update. The REIT also posted a distribution per unit (DPU) of 5.56 US cents for the financial year, while gross revenue stood at USD 164.8 million. The latest numbers come as data centre-focused real estate investment trusts continue to benefit from rising demand for digital infrastructure, cloud services, and AI-led data storage requirements across global markets. Investors have increasingly tracked the sector for stable rental income and long-term occupancy visibility.Read more

Mumbai News Desk

17 May 2026

The Bombay High Court has set aside the Maharashtra government’s decision to classify multiple land parcels in Ambernath as private forest land, giving relief to property owners after a prolonged legal dispute. The court observed that authorities had not properly followed the legal process required under the Maharashtra Private Forests Act before applying the classification. The ruling is significant for landowners and the real estate sector as such tags restrict development activity and reduce land usability. The judgment also adds to a series of recent court observations questioning procedural lapses in similar forest land disputes across Maharashtra.Read more

Ludhiana News Desk

17 May 2026

• Ludhiana’s property UID plate project has remained stalled for nearly 12 years despite multiple implementation attempts by the municipal corporation.
• The initiative aimed to digitally map residential and commercial properties through QR-enabled unique identification plates linked to civic and tax records.
• Earlier phases faced delays due to public resistance, contractor disputes, outdated surveys and disagreements over mapping methods.
• Around 85,000 properties were covered during the latest phase under the Smart City Mission before work stopped again.
• Officials are now considering a fresh city-wide survey as older GIS records no longer reflect Ludhiana’s current urban expansion and property growth.Read more

17 May 2026

Nexus Seawoods has launched ‘Panda World’, a themed indoor entertainment attraction aimed at families and children during the summer holiday period in Navi Mumbai. The experiential installation, which opened on May 9, features an oriental-inspired panda-themed environment with interactive gaming areas, activity zones, rides and performance spaces within the mall premises. The ticketed attraction is priced from INR 499 onwards and includes arcade zones, AR-based photo experiences, children’s workshops and themed installations. The initiative reflects the continued focus of organised retail destinations on experiential programming to increase visitor engagement and footfall during seasonal periods. Located in Navi Mumbai, Nexus Seawoods has been expanding family-oriented entertainment and event-based attractions as malls increasingly position themselves as mixed-use lifestyle destinations beyond conventional retail formats.Read more

17 May 2026

Nemetschek Group India has entered into a three-year strategic partnership with New Consolidated Construction Company Ltd. (NCCCL) to integrate Building Information Modeling (BIM) and digital construction workflows into large-scale infrastructure and real estate projects across India. The collaboration will focus on sectors including residential, commercial, healthcare, hospitality and data centres, with pilot projects already identified in developments by Runwal and L&T Realty. Under the agreement, Nemetschek will deploy technology platforms such as Graphisoft, Allplan, Bluebeam and Solibri to improve project coordination, design validation and operational efficiency. The partnership will also include technical training programmes and workshops aimed at strengthening digital construction capabilities within NCCCL’s execution teams amid increasing project complexity and rising adoption of technology-led project management practices in India’s construction sector.Read more

17 May 2026

• Afcons Infrastructure Ltd has been selected as the most suitable bidder for a railway rehabilitation and expansion project in Croatia, marking its entry into the European infrastructure market.
• The project involves reconstruction of an existing railway track and development of a second railway line, along with electrification, signalling and telecommunication works.
• The contract is valued at EUR 677.07 million, excluding taxes, equivalent to around INR 7,544 crore.
• Company executives said the order is Afcons’ largest international contract to date and reflects its growing overseas infrastructure portfolio.
• The development adds to Afcons’ track record of executing complex transport and tunnelling projects, including the Chenab bridge, Kolkata Metro under-river tunnel and Atal Tunnel.Read more