14 minutes ago

WeWork India Management Ltd has expanded its presence in the Delhi-NCR market with the launch of a new co-working centre at Aerocity. The facility spans 1.1 lakh sq ft and offers more than 1,400 desks, taking its total count in the region to 17 centres. The move comes amid rising demand for managed flexible workspaces. Since its inception, the company has grown to 73 centres across eight cities, covering 8.2 million sq ft. Industry data from Colliers India highlights strong momentum, with co-working leasing activity rising sharply during the past quarter.Read more

44 minutes ago

Guangzhou, a major city in southern China’s Guangdong province, has introduced a set of measures aimed at stabilising its property market amid a prolonged slowdown. The new guidelines expand access to mortgages under the housing provident fund programme and offer subsidies of up to USD 4,395 per housing unit for eligible buyers who purchase a new home by the end of 2026 and sell their existing property within a year. The city is also promoting state-backed purchases of second-hand homes and encouraging private investment in urban renewal, while strengthening protections for homebuyers.Read more

1 hour ago

Godrej Properties reported a 70% year-on-year rise in consolidated net profit to INR 649.88 crore for the quarter ended March, supported by a sharp increase in total income. Quarterly income grew to INR 3,806.65 crore from INR 2,681.06 crore a year earlier. For the full financial year, net profit rose to INR 1,850.20 crore, up from INR 1,399.89 crore, while total income increased to INR 8,410.88 crore. The performance reflects sustained residential demand, improved execution, and stronger revenue realisation across key markets, reinforcing the company’s position among India’s leading real estate developers.Read more

1 hour ago

Real estate consultancy firm Square Yards recorded a 48 per cent year-on-year increase in revenue to INR 2,086 crore in the last financial year, supported by higher brokerage income from property transactions and growth in its mortgage business. The Gurugram-based firm stated that India contributed 88 per cent of total revenue, with overseas operations accounting for the remainder. Gross profit rose to INR 476 crore, while adjusted EBITDA reached INR 176 crore. The company facilitated property sales worth INR 13,236 crore and enabled loan disbursals of INR 87,831 crore, with home loans forming a majority share. The performance reflects sustained expansion across brokerage, fintech, and ancillary services.Read more

2 hours ago

The Goa forest department has designated approximately 6.27 crore square metres of land along the Mandovi and Zuari rivers as ecologically sensitive, effectively restricting construction and commercial activity in these areas. The decision, communicated to the Town and Country Planning (TCP) department in the past week, follows directives issued by the state’s forest minister. Covering about 6,729.54 hectares across riverbanks, the classification requires the TCP department to enforce provisions under the Town and Country Planning Act. The move introduces regulatory constraints on development across key waterfront stretches, with implications for real estate activity and land use planning in the state.Read more

2 hours ago

The Uttar Pradesh government has announced that the Ganga Expressway will remain toll-free for 15 days from the start of its commercial operations, allowing public access without user charges during the initial phase. The directive, issued in the past week, instructs concessionaires IRB Infrastructure Developers Ltd and Adani Infrastructure to suspend toll collection temporarily. The expressway, developed under a public-private partnership model, spans from Meerut to Prayagraj and connects 12 districts. While toll rights extend for 27 years, the state will compensate operators for revenue loss during the free-use period. The move is intended to promote early adoption, enable users to assess infrastructure quality, and support regional connectivity.Read more

3 hours ago

The Indian Institute of Insolvency Professionals of ICAI (IIIP-ICAI) has recommended a tiered allocation of insolvency cases based on debt size, suggesting that cases up to INR 100 crore be handled exclusively by individual insolvency professionals, while those exceeding INR 500 crore be assigned to insolvency professional entities. The proposals form part of a study aimed at addressing operational challenges within the Insolvency and Bankruptcy Code (IBC) ecosystem, including valuation complexities and stakeholder coordination issues. The report also suggests expanding the role of insolvency professionals into advisory and restructuring functions beyond IBC proceedings, alongside increasing the upper age limit for practitioners. The recommendations are intended to improve efficiency, specialisation and capacity within India’s insolvency resolution framework.Read more

3 hours ago

The Goa government has permitted construction in designated developable areas under a need-based policy framework, as outlined by state authorities in the past week. The move allows development in select zones while maintaining restrictions on ecologically sensitive and no-development areas. Approvals will be granted based on specific requirements, with scrutiny by planning authorities under existing regulations. The policy is intended to balance development demand with environmental safeguards, particularly in coastal and riverine regions. It follows ongoing efforts by the state to tighten land-use controls while addressing housing and infrastructure needs in urban and peri-urban areas.Read more

3 hours ago

Sarovar Hotels has expanded its presence in Jammu and Kashmir with the opening of a 51-key property, Mountnoor Sarovar Premiere, in Pahalgam. Announced in the past week, the hotel marks the company’s sixth operational asset in the region, reflecting its continued focus on high-potential leisure destinations. Positioned to cater to evolving traveller preferences, the development strengthens Sarovar’s footprint in the northern hospitality market. The addition comes amid sustained interest in tourism-led real estate and hospitality investments in Jammu and Kashmir, with operators increasing capacity in established destinations such as Pahalgam.Read more

4 hours ago

The United Kingdom recorded its highest monthly solar installations in over a decade, with more than 27,000 systems added in March, according to data from the Department for Energy Security and Net Zero. The surge was largely driven by residential rooftop adoption as households responded to rising energy costs linked to geopolitical disruptions. Total solar installations across the country have now crossed two million. The growth reflects increasing reliance on distributed renewable energy as consumers seek to manage electricity expenses and reduce exposure to volatile gas prices.Read more

4 hours ago

Indian Hotels Company Ltd (IHCL) has entered into a partnership with Terra Rex Realty to develop a cluster of 10 luxury bungalows under its amã Stays & Trails brand in Port Blair, Andaman and Nicobar Islands. Announced in the past week, the project is expected to be operational by the end of the following year and will involve an investment exceeding INR 100 crore, excluding land cost. Located near Manjery beach, the development will cater to experience-led travel demand. Terra Rex will construct and sell the villas to private owners, while IHCL will manage operations. The initiative marks IHCL’s entry into the island destination and is expected to generate local employment opportunities.Read more

4 hours ago

Public Property Invest ASA has received approval for listing on Nasdaq Stockholm and Euronext Oslo Bors under its ticker PUBLI.OL, following the completion of required regulatory processes earlier this week. The approval marks a key step in the company’s ongoing merger-related restructuring plan. As part of the transaction timeline, the merger is expected to be completed on or about 15 May 2026. The development reflects the company’s progress toward aligning its listing structure across Nordic exchanges, supporting its broader corporate and market positioning strategy going forward.Read more

5 hours ago

The Union government has begun identifying households holding both liquefied petroleum gas (LPG) and piped natural gas (PNG) connections to enforce a recent regulatory amendment prohibiting dual ownership. The move, notified under the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, 2000, requires consumers with PNG access to surrender domestic LPG connections. More than 43,000 such connections have already been relinquished, though officials expect higher compliance. The policy aims to prioritise subsidised LPG supply for households without piped gas access, amid constraints driven by global energy disruptions. The decision follows supply pressures linked to geopolitical developments in West Asia, which have impacted India’s imports of crude oil, natural gas and LPG, prompting the government to rationalise allocation and limit fresh LPG connections.Read more

5 hours ago

Prisma Properties AB has secured a land allocation in Kalix, Sweden, after winning a municipal competition, marking a step forward in its retail expansion strategy. The project site at Nasvyangarna, identified as property Kalix 9:170, has a zoning plan that permits up to 10,000 sq m of retail and town centre development. The company has also entered into a land allocation agreement with the municipality, granting it exclusive development rights for a defined period. This move aligns with Prisma’s focus on expanding organised retail spaces in key regional markets.Read more

6 hours ago

The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing placement memorandums (PPMs) of alternative investment funds (AIFs), allowing fund launches within 30 days of application filing. The revised framework applies to AIF schemes excluding large value funds for accredited investors and aims to streamline approval timelines that previously involved multiple review cycles. Under the new system, fund managers can proceed with scheme launches after 30 days unless otherwise advised, subject to incorporating regulatory observations. The move also places greater responsibility on merchant bankers and AIF managers for disclosure accuracy. Additionally, Sebi has mandated that schemes achieve first close within 12 months of eligibility, with the framework applicable to both new and pending applications.Read more

6 hours ago

Private airport operators have approached the civil aviation ministry seeking regulatory support and a temporary increase in user development fees (UDF) for international passengers to offset revenue losses following a 25% reduction in landing and parking charges for domestic flights. The cut, implemented for three months by the Airports Economic Regulatory Authority (AERA) to support airlines amid rising fuel costs linked to global tensions, is expected to affect airport cash flows and financial stability. The Association of Private Airport Operators (APAO), representing major airport developers, has also requested deferral of payments to the Airports Authority of India and suggested a revision of charges post-relief period. The appeal highlights financial pressures across the aviation ecosystem, with airlines also seeking government support due to rising operational costs.Read more

7 hours ago

Radisson Hotel Group plans to expand its India portfolio to 157–160 operational hotels with 19,000–19,500 keys by the end of 2026, supported by a strong development pipeline and continued market expansion. The hospitality chain currently operates 142 hotels and has 84 properties under development. It expects to add 18 hotels and 2,000–2,500 keys within the current year. The group reiterated its long-term target of reaching 500 hotels in India by 2030. While metro markets have witnessed some slowdown due to global uncertainties, demand in tier-2 and tier-3 cities remains stable. The company reported a decline in revenue per available room (RevPAR) in select urban markets, though broader domestic demand trends continue to support the sector.Read more

7 hours ago

Empire East Land Holdings Inc reported a quarterly net profit attributable to shareholders of 262.6 million pesos, supported by steady revenue performance. The company recorded gross revenue of 1.50 billion pesos during the same period. The update reflects continued activity in its residential development portfolio, even as property markets remain sensitive to interest rates and buyer sentiment. In earlier quarters, the company had focused on project launches and inventory movement, which appear to have contributed to its current financial performance. The latest numbers indicate stable operations, though broader market conditions will remain a key factor going ahead.Read more

8 hours ago

The Bombay High Court has intervened in a dispute between Decathlon Sports India and Godrej Projects Development over a commercial property in Chembur, Mumbai. The court has restrained Godrej from handing over the space to Titan Company and appointed a court receiver to take control of the property. The case involves claims that Decathlon’s earlier lease arrangement was terminated to enable a more lucrative deal with Titan. The matter now centres on competing contractual rights, financial commitments, and the legal validity of agreements versus a registered lease deed.Read more

8 hours ago

ESAF Small Finance Bank reported a net profit of INR 24 crore for the March quarter of FY26, reversing a loss of INR 183 crore in the corresponding period a year earlier. The improvement was supported by growth in total income to INR 1,196 crore and a rise in operating profit to INR 241 crore. Interest income also increased during the quarter, reflecting lending activity. Asset quality showed improvement, with gross non-performing assets declining to 5.41% and net NPAs to 1.77%. Provisions were reduced compared to the previous year, contributing to profitability. The bank also strengthened its capital base by raising INR 150 crore through Tier II bonds, with its capital adequacy ratio improving to 22.2% at the end of the quarter.Read more

9 hours ago

The Municipal Corporation of Delhi (MCD) has approved the grant of urban status to 48 villages in the national capital, paving the way for formal civic infrastructure development in these areas. The decision, taken in the past week, is expected to facilitate the provision of municipal services such as roads, drainage, water supply and sanitation. The move aims to integrate these villages into Delhi’s urban planning framework, allowing regulated development and improved service delivery. Officials indicated that the reclassification will support infrastructure investment and align these areas with statutory urban governance norms.Read more

9 hours ago

Office leasing activity in Delhi-NCR declined significantly during the January–March quarter, with net absorption falling 60% year-on-year to 1.5 million sq ft, according to JLL India. Gross leasing also dropped 28% to 3 million sq ft, primarily due to reduced new supply, which declined to 1.39 million sq ft from 2.9 million sq ft a year earlier. Despite the subdued performance in the region, overall office leasing across seven major Indian cities rose, driven by demand from global capability centres. Delhi-NCR continues to attract major commercial developments, including a planned INR 7,500 crore project in Gurugram. While near-term activity remains constrained, long-term fundamentals of the NCR office market are expected to support recovery in leasing volumes over the coming quarters.Read more

10 hours ago

Russia’s economy recorded a marginal contraction of 0.3% in the first quarter of 2026, marking its first quarterly decline in three years. The slowdown was driven by high interest rates, labour shortages, and the ongoing impact of the Ukraine war and Western sanctions. While March showed some recovery, sectors such as mining, manufacturing, construction, and retail faced pressure. Corporate profits dropped sharply, and borrowing remained limited due to elevated rates. Despite near-term challenges, higher oil prices and supply disruptions linked to geopolitical tensions may provide some support in the coming months.Read more

10 hours ago

The Bombay High Court has directed the demolition of a 16-storey building in Ulhasnagar after finding that permissions were obtained through fraudulent submissions. The court held that the developer misled authorities and carried out large-scale violations, including encroachments on planned development roads. It also pointed out lapses by municipal officials in verifying documents. The structure, comprising 65 flats and four shops, was declared largely illegal, with nearly 80% of it violating norms. The court refused relief to the developer and allowed civic authorities to proceed with demolition.Read more

11 hours ago

UK-based building materials supplier SIG has indicated a likely drop in its first-half profit after reporting a 5% decline in like-for-like sales during the first quarter. Weak demand across European construction markets, impacted by poor weather and a prolonged cyclical slowdown, has weighed on performance. The company also pointed to rising energy costs and geopolitical uncertainty linked to the Iran conflict as near-term risks. However, SIG noted some improvement in trading in recent months and maintained that its cash flow remains strong and ahead of internal expectations.Read more

11 hours ago

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has approved an investment of up to INR 6,500 crore to establish a photovoltaic (PV) ingot and wafer manufacturing facility with a planned capacity of up to 10 GW. The project, to be developed in two phases of 5 GW each, marks the company’s entry into upstream solar manufacturing. The initiative is aimed at strengthening backward integration, reducing reliance on imports, and supporting domestic solar supply chains. The move comes amid policy emphasis on localisation of solar manufacturing, including upcoming regulatory requirements under approved list mechanisms. The company expects the project to enhance supply security for its downstream operations while improving operational efficiencies and supporting long-term growth in renewable energy capacity.Read more

12 hours ago

ACC Ltd reported a 68.27% year-on-year decline in consolidated net profit to INR 238.3 crore for the March quarter of FY26, even as it recorded its highest-ever quarterly revenue of INR 7,124.47 crore. The Adani Group cement firm attributed revenue growth to a higher share of premium products and improved trade sales, alongside record sales volumes of 11.9 million tonnes. Total expenses rose 22.7% during the quarter, impacting profitability. For the full financial year, net profit declined 11% to INR 2,137.23 crore, while total income increased to INR 26,363.8 crore. The company remains debt-free and continues to progress on its proposed merger with Ambuja Cements, expected to conclude by FY27. ACC indicated near-term demand may remain moderate amid macroeconomic and geopolitical factors, though long-term infrastructure demand remains supportive.Read more

12 hours ago

The Telangana High Court has raised serious concerns over alleged illegal construction within the Salkam Cheruvu lake area in Hyderabad, directing authorities to investigate lapses in enforcement. In proceedings held in the past week, the court questioned why encroachments, including institutional developments, were allowed to continue for years without regulatory intervention. It ordered a joint survey to determine lake boundaries and identify violations, while directing senior officials across departments to submit detailed reports. The case highlights regulatory gaps in managing urban lake zones and enforcing development controls in environmentally sensitive areas.Read more

13 hours ago

Sculptor Real Estate and Trinity Investments have jointly acquired the JW Marriott Marco Island Beach Resort from MassMutual in a hospitality sector transaction. The deal marks a continued interest from both investors in premium hotel assets, particularly in established beachfront destinations. The resort, part of the well-known JW Marriott portfolio, has long operated as a luxury property under MassMutual’s ownership. The acquisition reflects ongoing activity in the US hospitality investment space, where institutional investors are actively reshaping ownership of high-value leisure and resort assets.Read more

13 hours ago

TotalEnergies and Nextnorth have secured financing and begun construction of a 440 MWp solar park in the Philippines, with an investment of around USD 300 million. The project is expected to be operational by the end of 2027 and generate 1.2 terawatt-hours of electricity over 20 years. Around half of the power will be supplied to industrial users, while the rest will feed into the national grid. The development aligns with the Philippines’ renewable energy push and reflects TotalEnergies’ continued expansion in clean energy across Asia.Read more

14 hours ago

The Karnataka government has approved an integrated suburban township project worth around INR 18,000 crore near Bengaluru, covering nearly 7,481 acres in Bidadi and Ramanagara. Planned as a mixed-use development, the project will include residential, commercial, and industrial spaces. Around 6,650 acres will be acquired from private landowners with compensation options in cash or developed land. The project will be funded through institutional borrowings, state support, and land monetisation. It is expected to decongest Bengaluru and support planned expansion by creating a new economic and residential hub.Read more

14 hours ago

The National Financial Reporting Authority (NFRA) has reorganised its internal structure by creating four independent functional divisions—Monitoring & Oversight, Investigation, Determination, and Disciplinary—to enhance regulatory processes and ensure procedural neutrality. The move follows judicial scrutiny of NFRA’s enforcement framework, including a Delhi High Court ruling that upheld its statutory powers but raised concerns over procedural fairness in certain cases. The restructuring is positioned as an interim measure pending legislative changes under the proposed Corporate Law Amendment Bill, 2026, or the outcome of ongoing proceedings before the Supreme Court. The revised framework introduces a sequential and segregated process for handling cases, from preliminary assessment to final disciplinary action, with each division functioning independently to avoid overlap and improve transparency in decision-making.Read more

15 hours ago

The Gujarat High Court has directed authorities to conduct a detailed aeronautical survey before proceeding with demolition of structures located near Sardar Vallabhbhai Patel International Airport in Ahmedabad. The order, issued in the past week, comes amid disputes over buildings identified as potential obstacles to flight safety. The court instructed aviation and local authorities to assess whether the structures violate permissible height limits under aviation norms before taking coercive action. The directive is expected to impact ongoing enforcement measures and underscores the need for technical evaluation in matters involving urban development near airport zones.Read more

15 hours ago

The Telangana government has directed officials to complete the allocation of 2BHK houses to eligible beneficiaries by the end of the ongoing month, as part of efforts to accelerate housing delivery under state schemes. The instruction, issued in the past week by Housing Minister Ponguleti Srinivasa Reddy, emphasises prioritising completed and near-complete units while ensuring strict beneficiary verification. The move follows concerns over vacant houses, delays in allotment and irregularities in earlier phases. Authorities have also been asked to address ineligible occupancy and streamline the allocation process, with financial assistance and infrastructure support continuing under the broader Indiramma housing framework.Read more

05 May 2026

The Goa Town and Country Planning (TCP) department has proposed to classify around 28.4 lakh square metres of land as non-developable under revisions to the state’s regional planning framework. The proposal, outlined in the past week, is aimed at protecting ecologically sensitive areas, including forest land and natural landscapes, while limiting unplanned urban expansion. The reclassification forms part of ongoing efforts to correct earlier zoning decisions and strengthen land-use controls. Public objections and suggestions have been invited before finalising the proposal, which is expected to influence future real estate development and construction activity across the state.Read more

05 May 2026

Enviro Infra Engineers has agreed to acquire renewable energy firm Suyog Urja for INR 311 crore through its subsidiary, marking its entry into the wind EPC segment. The deal will be executed in phases, beginning with a 51 percent stake and followed by full ownership over the next 27 months. Suyog Urja brings a strong execution track record and growing revenues, which is expected to support Enviro Infra’s expansion into renewable energy. The acquisition aligns with the company’s strategy to diversify beyond its core infrastructure business and strengthen its order pipeline.Read more

05 May 2026

Dubai has eased its property-linked residency rules by removing the minimum investment requirement for single property buyers applying for a two-year visa. Earlier, investors needed property worth at least AED 750,000 to qualify. Under the revised framework, sole owners can now obtain residency regardless of property value, subject to ownership registration. The move is aimed at widening the investor base, especially in the affordable and mid-income segments. It also supports demand recovery in the real estate market and aligns with Dubai’s broader efforts to simplify property and residency processes.Read more

05 May 2026

The Maharashtra government has initiated steps towards expanding Nanded Airport, with officials directed to conduct surveys and submit a detailed proposal for infrastructure enhancement. The directive was issued during a review meeting led by the district guardian minister, focusing on improving passenger amenities and operational capacity. The proposal will be submitted to the Maharashtra Airport Development Company for further action. Currently, the airport operates flights to seven destinations, highlighting its regional connectivity role. Local representatives have also raised concerns regarding passenger facilities, security and last-mile connectivity. The move reflects efforts to strengthen regional aviation infrastructure and support growing travel demand in central Maharashtra.Read more

05 May 2026

VICI Properties has increased its full-year adjusted funds from operations (AFFO) forecast, supported by continued expansion in experiential real estate assets. The company expects steady growth from its diversified portfolio, which includes major Las Vegas casinos and newer investments in leisure segments such as wellness resorts and indoor attractions. While quarterly earnings missed analyst expectations, revenue remained stable with a modest year-on-year increase. The updated outlook reflects confidence in long-term demand trends, where consumers are prioritising experiences over traditional goods, strengthening the company’s growth visibility.Read more

05 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of 1,221 flats in Vikhroli by 7.5% after receiving a muted response from buyers in its housing lottery. The price cut lowers unit rates by around INR 10 lakh, bringing them to a range of about INR 1.34 crore to INR 1.37 crore. The authority has also added one free car parking space per flat and extended the application deadline to improve participation. The move reflects growing competition from private developers offering similar pricing with better amenities.Read more

05 May 2026

Regency Centers has kept its full-year financial guidance unchanged, supported by steady leasing demand across its grocery-anchored retail portfolio. The company reported first-quarter performance in line with market expectations, reflecting stable occupancy and rental growth. Its focus on premium centres in high-income neighbourhoods continues to provide resilience despite broader economic uncertainties. The REIT maintained its annual FFO and core earnings projections, indicating confidence in sustained retail demand and consistent operational performance across its portfolio.Read more

05 May 2026

A joint venture led by Ceigall India has secured a contract worth approximately INR 918 crore for a key underground package of Jaipur Metro Phase II. Awarded in the past week, the project involves construction of tunnels and underground stations along the proposed corridor, forming part of the city’s metro expansion plan. The development is aimed at improving urban mobility and decongesting road networks in Jaipur. The contract win reflects continued investment in mass transit infrastructure, with execution expected to follow defined timelines under the metro authority’s expansion programme.Read more

05 May 2026

The Hubballi-Dharwad Municipal Corporation (HDMC) has extended the deadline for availing property tax rebates following slower-than-expected collections in the current cycle. The decision, taken in the past week, aims to encourage taxpayers to clear dues by continuing incentives for early payments. Officials indicated that the extension is intended to improve compliance and boost revenue mobilisation, which remains critical for funding civic infrastructure and services. The move reflects ongoing challenges faced by urban local bodies in achieving collection targets despite incentive-based mechanisms and digital payment initiatives.Read more

05 May 2026

Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more

05 May 2026

Lodha Developers Ltd has outlined plans to launch residential projects worth around INR 21,800 crore in the current financial year, spanning 15 million sq ft across the Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. The developer is also targeting a 17 per cent increase in sales bookings to INR 24,000 crore, following a year of steady growth. While overall housing demand has moderated after a strong cycle, the company highlighted continued performance driven by branded developers. Lodha reported improved financials in the previous year and indicated a calibrated approach to land acquisition, with a focus on enhancing free cash flow despite a substantial existing land bank and project pipeline.Read more

05 May 2026

India’s largest asset manager has reduced exposure to long-term government bonds and is shifting its debt portfolio towards shorter maturities amid expectations of persistent yield pressures. The firm believes liquidity conditions will support short-term papers, while inflation risks and global geopolitical tensions continue to keep longer-end yields elevated. A fund manager noted that 10-year bond yields are likely to remain above 7% over the next 6–12 months even if geopolitical tensions ease. Rising crude oil prices and inflation risks are also seen as key factors that may influence future rate actions and bond market direction.Read more

05 May 2026

The Maharashtra Real Estate Regulatory Authority has taken action against 8,212 housing projects for not updating their Quarterly Progress Reports within the mandated timeline. Out of 33,029 registered projects across the state, these cases of non-compliance have triggered show cause notices under the RERA framework. Developers have been given 60 days to respond and update records, failing which stricter measures may follow, including suspension or cancellation of registrations, penalties, and restrictions on sales and marketing activities. The move aims to strengthen transparency and protect homebuyer interests through timely disclosure of project details.Read more

05 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more

05 May 2026

Emlak Konut REIT reported total sales revenue of 29.9 billion lira from residential units and land sales during the first quarter of the year. The company sold 1,623 independent units, generating 24.3 billion lira in pre-sales value, excluding VAT. Additionally, 25 land plots were sold for 5.5 billion lira. Sales to foreign buyers remained limited, with 21 units sold for 305.8 million lira. The update reflects steady transaction activity, supported by both housing demand and land monetisation efforts.Read more

Ghaziabad News Desk

05 May 2026

The Ghaziabad Development Authority (GDA) has approved an investment of around INR 100 crore to procure high-reach fire safety cranes following a major residential fire in Indirapuram. The decision, taken in the past week, aims to strengthen emergency response capabilities in high-rise buildings, where existing equipment has limited reach. The planned cranes, capable of accessing significantly higher floors, are expected to address gaps highlighted by the recent blaze. The move forms part of a broader push to upgrade urban safety infrastructure in rapidly verticalising residential clusters across the National Capital Region.Read more