43 minutes ago

• The proposed Thane Metro alignment is drawing criticism from stakeholders, urban planning experts and industry representatives who have raised concerns over its route design and potential impact on existing infrastructure.
• Critics argue that the current alignment could affect mobility, industrial activity and long-term urban development objectives in key areas of Thane.
• The controversy has sparked wider debate over planning priorities, with stakeholders calling for greater scrutiny of the corridor’s alignment and its implications for the city's growth.Read more

1 hour ago

APCRDA recently conducted a Gram Sabha in Nidamarru village as part of the land acquisition process for the development of Amaravati. Senior officials interacted with villagers and explained the ongoing land pooling and acquisition procedures. Farmers were informed that those covered under the recent land acquisition notification could still opt for the Land Pooling Scheme within the prescribed timeline. Residents also raised concerns regarding Section 22-A lands, illegal soil transportation, and traffic movement linked to construction activities. APCRDA assured villagers that their grievances would be examined while reiterating its commitment to infrastructure development across the Capital Region.Read more

2 hours ago

Develia SA has announced that its joint venture has acquired a property in Warsaw for PLN 18.3 million net as part of its ongoing residential development strategy. The acquired land is planned for a new housing project comprising approximately 158 residential units and two commercial units. According to the company, sales for the development are expected to begin in the first quarter of 2027. The transaction reflects continued investment activity in Warsaw's residential market, where developers remain focused on expanding housing supply amid sustained demand for new homes.Read more

3 hours ago

A USD 500 million artificial intelligence roadmap for Pune was unveiled at SHAKTI Summit 2026, organised by the Hindu Economic Forum (HEF) Pune District Chapter at the Pune International Centre. The initiative seeks to position Pune as a global hub for applied AI through investments in computing infrastructure, talent development and industry-focused solutions. The summit also showcased ISACA, an indigenous autonomous surface craft developed for defence, naval and rescue applications. Attended by Maharashtra Governor Jishnu Dev Varma, the event focused on strategic sectors including defence, aerospace, artificial intelligence, technology, infrastructure and venture capital, while outlining plans to strengthen domestic innovation, industrial growth and technological self-reliance.Read more

4 hours ago

Australian equities ended lower for a third consecutive session as weakness in mining and gold stocks weighed on the broader market. Falling iron ore prices and concerns over subdued steel demand in China pressured major resource companies, leading the benchmark index to close in negative territory despite a late recovery. Gains in consumer staples, real estate and healthcare stocks helped limit losses. Investors also remained focused on the outlook for interest rates, with markets increasingly expecting the Reserve Bank of Australia to keep rates unchanged in the near term. Meanwhile, New Zealand equities recorded their strongest session in about three weeks.Read more

5 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has carried out an intensive cleanliness drive along the Sion–Panvel Highway as part of a citywide sanitation campaign organised to mark World Environment Day. Conducted between June 6 and June 10, the initiative covered key stretches of the highway passing through the municipal area, including Konkan Bhavan Circle, Uran Phata, LP Junction, Shiravane Phata, Juinagar Station and Vashi. A total of 148 sanitation workers participated in the operation, removing around 2.5 tonnes of waste and accumulated soil. The campaign forms part of NMMC’s broader special cleanliness programme running from June 5 to June 12, which focuses on high-footfall locations, neglected public spaces, railway stations, water bodies and informal settlements across the city.Read more

6 hours ago

Albanian Prime Minister Edi Rama has reaffirmed his government's commitment to a proposed luxury resort development linked to Jared Kushner, despite growing protests over its potential impact on the Vjosa-Narta protected area along the country's southern coast. The project, backed by Kushner's investment firm Affinity Partners, forms part of a broader investment programme that could be worth up to EUR 5 billion. Demonstrators have opposed the development, citing concerns over risks to wetlands that support flamingoes, seals and sea turtle nesting sites. While an environmental impact assessment is yet to be completed, Rama has defended the project as a key component of Albania's modernisation strategy and has pledged that wildlife and ecological interests will be protected during the development process.Read more

7 hours ago

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% has been welcomed by real estate developers, who believe the move will support stability across both residential and commercial property markets. Industry stakeholders said the continuation of the current interest rate environment provides greater visibility on borrowing costs, helping homebuyers, developers, businesses and institutional investors make long-term decisions with confidence. Developers noted that stable financing conditions are expected to sustain housing demand, support project execution and encourage investment activity in office, retail and mixed-use developments. The policy decision comes amid global economic uncertainty, geopolitical tensions and fluctuating commodity prices, with industry participants viewing the RBI’s neutral stance as a measure that balances growth considerations with macroeconomic stability.Read more

7 hours ago

• AM/NS India and IIT Roorkee have signed a strategic Memorandum of Understanding (MoU) to strengthen collaboration in steel technology, advanced manufacturing, research and innovation.
• The partnership will focus on joint research projects, industry-academia knowledge exchange, skill development programmes and technology-led solutions for the steel sector.
• Both institutions aim to accelerate innovation, support future-ready talent development and contribute to the advancement of sustainable and high-performance manufacturing technologies in India.Read more

8 hours ago

Dubai-based developer Emaar Properties has announced a new USD 55 billion mixed-use development in Dubai, marking one of the company's largest projects to date. The master-planned urban district is expected to accommodate around 150,000 residents and will feature residential towers, villas, office spaces and retail destinations spread across 4.5 million square metres. The announcement comes as Dubai's property market continues to attract global investors despite recent regional uncertainties. The project further reinforces Emaar's long-term confidence in Dubai's real estate sector, which recorded its strongest-ever performance in 2025 with transaction values reaching nearly USD 250 billion.Read more

Ludhiana News Desk

8 hours ago

• Ludhiana Municipal Corporation has demolished two illegal colonies as part of its ongoing drive against unauthorised developments across the city.
• The action is aimed at curbing illegal plotting and ensuring that residential projects comply with approved urban planning norms and regulations.
• The demolition follows several enforcement drives carried out by the Municipal Corporation and GLADA against illegal colonies, buildings and unauthorised infrastructure.
• Authorities have warned colonisers against developing land without approvals and advised homebuyers to verify project permissions before purchasing plots.
• The crackdown reflects increasing efforts to promote planned urban development and prevent the growth of unapproved residential colonies in Ludhiana.Read more

9 hours ago

Terra Grande by Eldeco has announced a multi-location expansion across Himachal Pradesh and Uttarakhand following the complete sell-out of Phase I of its luxury second-home development in Sirmaur, Himachal Pradesh. The company plans to develop more than 100 residences across five projects spread over approximately 61.5 acres, including developments in Sirmaur, Solan and Narendra Nagar near Rishikesh. The expansion follows the sale of 39 villas in the first phase of its Sirmaur project, where homes were priced between INR 8 crore and INR 10 crore. The company is preparing the second phase of the Sirmaur development while adding three new projects to its pipeline, reflecting growing activity in the luxury second-home segment across mountain and wellness destinations in northern India.Read more

9 hours ago

Chief Justice of India Surya Kant has called for strengthening alternative dispute resolution (ADR) mechanisms to support the growing economic relationship between India and the United Kingdom following the conclusion of the bilateral Free Trade Agreement (FTA). Speaking at the fourth edition of the International Conference on “Arbitrating Indo-UK Commercial Disputes” in London, he said the FTA is expected to increase bilateral trade by approximately USD 34 billion annually in the coming years. He emphasised that robust arbitration and mediation systems are essential to converting commercial confidence into practical business outcomes. Justice Kant also advocated joint arbitrator training programmes, affordable dispute resolution processes and stronger integration of mediation and arbitration to ensure accessibility for businesses of all sizes.Read more

10 hours ago

Krisala Developers and Hiranandani Communities planted 1,045 trees in one minute at their integrated township in North Hinjawadi, Pune, as part of the NAREDCO Pune Urban Forest Initiative on World Environment Day. The plantation drive brought together more than 1,000 participants, including government officials, industry leaders, developers, environmental advocates and residents. The initiative aims to strengthen the township’s ecological infrastructure and enhance urban green cover. In collaboration with TERI, the developers have also established a framework to monitor environmental indicators such as carbon sequestration, biodiversity, air quality and thermal comfort, enabling the long-term assessment of the project's sustainability impact.Read more

10 hours ago

• A state infrastructure committee has approved transport projects worth INR 22,611 crore across the Mumbai Metropolitan Region (MMR), including a major tunnel corridor, bridge infrastructure and Metro network expansion.
• Key approvals include the Ghodbunder–Bhayandar tunnel project and the extension of Navi Mumbai Metro services to improve regional mobility and reduce travel time across fast-growing urban corridors.
• The projects are aimed at addressing chronic traffic congestion, strengthening airport connectivity and supporting long-term economic growth across Mumbai, Thane, Mira-Bhayandar and Navi Mumbai.Read more

11 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has invited applications from eligible organisations and associations for the nomination of members to the Navi Mumbai Town Vending Committee under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. The nominations are being sought under provisions of the Maharashtra Street Vendors Rules, 2016 for representatives from non-governmental organisations, community-based organisations, resident welfare associations, traders' associations and marketing associations. Applications must be submitted within 15 days from 11 June 2026. The committee plays a key role in implementing policies related to street vending, regulating vending activities and protecting the livelihoods of street vendors. Interested organisations are required to fulfil prescribed eligibility criteria, including registration status, operational experience and compliance with legal and financial requirements.Read more

12 hours ago

Vertex Group has launched DK Vertex, a smart co-working and business services platform backed by an investment of INR 300 crore, targeting startups, entrepreneurs and growing businesses across India. The platform debuts with over 10,000 seats across seven facilities spanning one million sq ft in Delhi-NCR, Bengaluru and Mumbai. Positioned as an integrated workspace ecosystem, DK Vertex combines office infrastructure with services such as IT support, information security, payroll, hiring, analytics and business networking. The launch comes amid rapid growth in India’s flexible workspace market, which is projected to expand significantly over the next decade, driven by increasing demand from startups and technology-led enterprises seeking scalable and service-oriented work environments.Read more

12 hours ago

APCRDA held a Gram Sabha in Undavalli village to discuss land acquisition and land pooling for the Amaravati Capital City project. Commissioner V. Vijayarama Raju informed residents that farmers whose lands are part of the recent acquisition notification can still opt for the Land Pooling Scheme within the prescribed timeframe. He also addressed concerns related to assigned and Lanka lands and assured that they would be handled as per government guidelines. APCRDA said infrastructure development across Amaravati villages is progressing and appealed to farmers to continue supporting the capital development project.Read more

13 hours ago

Kerala-based sports technology startup Dartle has raised USD 100,000 in a seed funding round led by Inflection Point Ventures (IPV). The company, which provides a B2B SaaS platform for youth sports and football academies, plans to use the capital to strengthen its go-to-market strategy, expand in the United States, enhance AI capabilities and deepen partner engagement. Dartle currently serves 14 academies across India, the Middle East, Nepal and the US, while running eight paid pilots in the American market. The startup aims to onboard more than 100 academies globally over the next year and increase its annual recurring revenue to nearly USD 1 million, targeting a growing global market of sports academies seeking integrated operational and athlete management solutions.Read more

14 hours ago

The Amaravati Development Corporation (ADC) has directed officials to speed up floodwater drainage and complete the ongoing Palavagu modernisation works connecting Rayapudi and Krishnayapalem. During a field inspection across multiple locations in the capital region, ADC Chairperson and Managing Director D. Lakshmi Parthasarathy reviewed water flow conditions, desilting activities and drainage infrastructure. Officials and contractors were instructed to remove bottlenecks, install additional pipes where required and expedite pending works. ADC also warned agencies responsible for delays that legal action could be initiated if inadequate drainage disrupts water flow during heavy rainfall.Read more

15 hours ago

Simon Property Group has announced a new debt offering through one of its units, aimed at raising EUR 500 million from investors. The offering consists of unsecured notes carrying a fixed interest rate of 3.650% and maturing in 2031. The move forms part of the company's broader capital management strategy and provides access to funding through European debt markets. Simon Property Group, one of the world's largest retail real estate investment trusts (REITs), regularly uses bond issuances to support refinancing activities, strengthen liquidity and fund corporate requirements.Read more

16 hours ago

Superb Realty has partnered with Enlite to implement a cloud-native smart building platform across its commercial developments in Mumbai, including Superb Altura and an upcoming project in Vikhroli. The integration will cover approximately 3 lakh sq ft of commercial space and is aimed at enhancing operational efficiency, tenant experience and asset management through real-time building intelligence. Enlite’s technology will connect energy systems, air quality monitoring, access control and critical infrastructure into a unified digital platform. The collaboration reflects a growing trend among commercial developers to integrate advanced building technologies that support sustainability, predictive maintenance and operational performance across commercial real estate assets.Read more

17 hours ago

Existing home sales in the United States recorded a stronger-than-expected increase in May, reaching their highest level in several months despite continued pressure from elevated mortgage rates and limited housing supply. Sales activity improved across most regions of the country, supported by contracts signed earlier in the spring. While housing affordability showed some improvement, rising home prices, persistent inflation and higher borrowing costs continue to weigh on market conditions. Industry experts noted that first-time buyer participation increased, though it remains below the level generally considered necessary for a healthy and balanced housing market.Read more

18 hours ago

As artificial intelligence becomes increasingly embedded in business operations, organisations are facing growing pressure to ensure transparency, accountability, fairness and regulatory compliance in AI deployment. Global Capability Centres (GCCs), which have evolved from operational support units into strategic technology and innovation hubs, are emerging as potential custodians of ethical AI governance. With expertise spanning digital transformation, cybersecurity, data management and compliance, GCCs are well positioned to establish enterprise-wide governance frameworks for AI systems. Industry experts believe India’s large and mature GCC ecosystem could play a significant role in helping multinational companies develop responsible AI standards, monitor risks and build trust as governments worldwide introduce new regulations governing AI adoption.Read more

19 hours ago

Dhuleva Group has received the Occupation Certificate (OC) for its residential project, Dhuleva 232, in Girgaon, South Mumbai, nearly 18 months ahead of the original completion timeline of December 2027. The development secured the OC in May 2026 and comprises 2, 3, 4 and 5 BHK residences alongside approximately 20,000 sq ft of lifestyle amenities. Located in one of South Mumbai’s established residential neighbourhoods, the project offers connectivity to railway stations, metro services, business districts, educational institutions and healthcare facilities. The early certification marks a key construction milestone for the developer and enables homebuyers to take possession significantly earlier than initially anticipated.Read more

20 hours ago

The Navi Mumbai Municipal Corporation (NMMC) marked World Environment Day by undertaking a plantation drive at Parsik Hill, where more than 200 native tree saplings were planted in collaboration with Heartfulness Institute and Adani Realty. Municipal Commissioner Dr Kailas Shinde highlighted the importance of tree plantation and conservation amid rising temperatures and growing environmental concerns. The civic body also carried out plantation activities across all eight administrative divisions of Navi Mumbai, planting over 2,000 trees. As part of a broader environmental initiative, NMMC has set a target of planting one lakh trees over the next year, with a focus on native species, biodiversity conservation and sustainable maintenance through the use of treated wastewater.Read more

21 hours ago

Juniper Green Energy has commissioned 305 MWp of renewable energy capacity across multiple districts in Gujarat under power purchase agreements signed with Gujarat Urja Vikas Nigam Ltd (GUVNL). The portfolio comprises 183 MWp of solar capacity and 122 MW of wind capacity, spread across Surendranagar, Aravalli, Devbhumi Dwarka and adjoining areas. Several projects were completed ahead of their scheduled commercial operation dates, including hybrid solar installations commissioned up to 148 days in advance. The development strengthens the company’s renewable energy presence in Gujarat and supports the state’s growing clean energy generation capacity through a mix of solar, wind and hybrid projects.Read more

22 hours ago

The Navi Mumbai Municipal Corporation (NMMC) marked World Environment Day by inaugurating a plastic bottle crusher machine at its headquarters and unveiling a series of environmental initiatives aimed at promoting waste segregation and plastic reduction. Municipal Commissioner Dr Kailas Shinde urged civic officials and employees to act as ambassadors for cleanliness and environmental protection, encouraging the use of cloth bags and source-level waste segregation. The bottle crusher machine, installed through a CSR partnership involving Atos, Rotary Club and Biocrux, rewards citizens for recycling plastic bottles. NMMC also announced plans to install 12 such machines across hospitals and markets, while introducing school-based tree nurseries and a seed bank programme to strengthen environmental awareness among younger generations.Read more

12 Jun 2026

• Ranchi Municipal Corporation (RMC) has intensified its crackdown on illegal constructions near water bodies, drainage channels and government land across the city.
• Five unauthorized structures in Bandhgari were demolished after officials found they had been built over drainage networks and public land.
• The civic body has also taken action near Kanke Dam, removing 13 illegal piggeries during a recent enforcement drive.
• The move is part of a wider effort to protect water bodies, improve drainage infrastructure and reduce flooding risks during the monsoon.
• Authorities have indicated that surveys, inspections and anti-encroachment drives will continue across Ranchi in the coming months.Read more

12 Jun 2026

The CSIR-Central Road Research Institute (CSIR-CRRI), New Delhi, signed a Memorandum of Agreement with the Government of Haryana on 8 June 2026 to implement a structured framework for paving and greening of urban roads across the state. The project, developed under the Commission for Air Quality Management's guidance and jointly executed with the School of Planning and Architecture, New Delhi, directly targets road dust a primary contributor to particulate pollution in the National Capital Region. The initiative covers four work packages spanning road design standards, greening measures, asset management, and construction technology adoption.Read more

12 Jun 2026

India’s recent decision to remove taxes on foreign investments in government bonds and expand access to its debt market has drawn a positive response from global investors. More than USD 1 billion flowed into government securities within days of the announcement, while bond yields declined across maturities. Investors and asset managers believe the reforms could boost foreign participation, support lower borrowing costs and strengthen India’s chances of inclusion in major global bond indexes. However, currency movements and global market volatility remain important factors that could influence future inflows.Read more

12 Jun 2026

• NDR Group plans to invest more than INR 2,000 crore to expand its warehousing and industrial parks portfolio over the coming years.
• The investment will focus on developing modern logistics infrastructure across key consumption and manufacturing hubs.
• The company aims to strengthen its presence amid rising demand from e-commerce, manufacturing and third-party logistics players.
• The expansion reflects the growing importance of Grade-A warehousing and integrated industrial ecosystems in India's supply chain network.Read more

12 Jun 2026

Rustomjee Group has partnered with the Rotary Club of Bombay Airport to support the Kawale Check Dam project in Vikramgad Taluka of Palghar district, Maharashtra. Scheduled for inauguration on June 7, 2026, the INR 70.58 lakh initiative is expected to improve water availability, enhance agricultural productivity and strengthen livelihoods for nearly 1,800 farming families across 18 villages. Designed as a long-term water conservation and groundwater recharge intervention, the project aims to address recurring water scarcity in the tribal region despite seasonal rainfall. The check dam is expected to store water across a nearly two-kilometre stretch upstream, supporting year-round access to water while encouraging community participation and sustainable resource management.Read more

12 Jun 2026

Sales of previously owned homes in the United States recorded their strongest monthly performance in five months, signalling a recovery in buyer activity after a subdued start to the spring housing season. According to the National Association of Realtors (NAR), existing home sales increased by 3.2 per cent month-on-month in May to a seasonally adjusted annual rate of 4.17 million units, surpassing market expectations and registering a similar increase compared with the same period last year. The improvement was supported by stronger activity across the Midwest, South and West regions, although sales declined in the Northeast. Home prices continued their upward trajectory, with the median sales price reaching USD 429,300. Despite the recent gains, the US housing market remains below historical sales levels and continues to grapple with the effects of elevated mortgage rates.Read more

12 Jun 2026

Thousands of farmers from Raigad district have intensified their opposition to the proposed Karnala-Sai-Chirner New Town project widely referred to as Third Mumbai with a large convention held in Uran reaffirming their resolve to resist land acquisition. The protest, organised by the KSC New Town Project Opposition Committee, comes after MMRDA formally initiated land acquisition procedures across 124 villages in the Uran, Panvel, and Pen talukas of Raigad, following a state government resolution issued in March 2026. Villagers allege inadequate consultation, threat to agrarian livelihoods, and legal bypassing of the Land Acquisition Act, 2013.Read more

12 Jun 2026

Unicorn Infosolutions, Apple’s largest premium retail and service partner in India, has announced plans to expand its network from 100 to 150 stores over the next three years, driven by growing demand for Apple products across smaller cities. The company expects its revenue to rise from INR 3,700 crore in FY2025-26 to between INR 5,500 crore and INR 6,000 crore during the expansion period. Having opened its 100th store in Gurugram, Unicorn is focusing on tier-III and tier-IV markets, where physical access to Apple product demonstrations and after-sales services remains limited. The retailer currently operates across 49 cities in nine states and expects new product categories, including entry-level Mac offerings, alongside financing options such as equated monthly instalments (EMIs), to support future growth.Read more

12 Jun 2026

• India has identified 74 locations for new land ports, including three on the China border and six on the Pakistan border, to expand border infrastructure.
• The proposed facilities will support customs, immigration, cargo handling and security operations, strengthening cross-border trade and passenger movement.
• The expansion will be undertaken by the Land Ports Authority of India as part of a broader effort to improve logistics efficiency, connectivity and economic activity in border areas.Read more

12 Jun 2026

Road King Infrastructure has announced that the hearing related to the winding-up application against New Select has been adjourned by the British Virgin Islands (BVI) court. The company said the next hearing is not expected to take place before mid-September 2026, providing additional time for stakeholders involved in the restructuring process. Road King also confirmed that the early-bird Restructuring Support Agreement (RSA) fee deadline remains scheduled for late June. The development forms part of the company's ongoing efforts to address matters linked to the winding-up proceedings involving New Select.Read more

12 Jun 2026

The Centre has approved an INR 1,359.33 crore project to widen the Nagaur–Bikaner section of National Highway-62 in Rajasthan to four lanes, providing a major boost to road infrastructure in the state's western region. The project will be implemented under the Build-Operate-Transfer (BOT) toll model and is aimed at improving connectivity between Nagaur and Bikaner while enhancing the movement of passengers and freight. The highway upgrade is expected to strengthen regional transport networks, reduce bottlenecks on a key corridor, and support industrial, tourism and economic activity across western Rajasthan. The approval forms part of ongoing efforts to modernise the state's highway infrastructure and improve connectivity across strategic economic centres.Read more

Mumbai News Desk

12 Jun 2026

• The BMC is planning a pilot parking hub in Dadar to address congestion and improve parking management in one of Mumbai’s busiest commercial and transit districts.
• The project aims to create a structured parking model that makes better use of limited urban space and reduces roadside parking.
• Civic authorities are evaluating locations and implementation mechanisms before rollout.
• If successful, the model could be replicated in other congested parts of Mumbai facing growing traffic and parking pressures.Read more

12 Jun 2026

Urban Vault, a Bengaluru-based coworking and managed workspace operator, has provided a 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing company backed by Vietnam’s Vingroup. The facility, located on Golf Course Road in Sector 54, accommodates around 500 seats and marks Green SM’s first office in India. The agreement forms part of a broader partnership under which Urban Vault will support Green SM’s workspace requirements across key Indian cities. The development comes amid strong demand for flexible office solutions in major urban markets, with coworking operators significantly increasing office leasing activity during the first quarter of 2026, according to industry data.Read more

Mumbai News Desk

12 Jun 2026

BMC has launched a city-wide enforcement drive against restaurants and hotels that have illegally occupied mandatory open spaces and emergency access areas across Mumbai. The action follows heightened scrutiny of fire safety compliance and evacuation preparedness at commercial establishments. Civic officials have begun demolishing unauthorised extensions, sheds and service-area encroachments while conducting inspections of permissions, exits and access routes. The drive is expected to continue across multiple wards as authorities seek to ensure compliance with building regulations and prevent safety risks arising from blocked open spaces and unauthorised constructions.Read more

Mumbai News Desk

12 Jun 2026

• A consortium led by Reliance Industries has emerged as the winning bidder for the redevelopment of the Juhu Galli-Gilbert Hill slum cluster in Andheri West, one of Mumbai’s largest rehabilitation projects.
• Spread across nearly 100 acres, the project is expected to transform a densely populated informal settlement into a planned urban precinct through the Slum Rehabilitation Authority (SRA) framework.
• The redevelopment is poised to reshape a key western suburb location while creating rehabilitation housing, upgraded infrastructure and new development opportunities in the area.Read more

12 Jun 2026

Thailand-based hospitality and property development company Dusit International has signed an agreement with luxury real estate and hospitality developer Atmosphere to launch the Dusit Princess Rishikesh in Uttarakhand. The upper-midscale hotel will feature 300 rooms and is expected to open in 2031. The project marks another step in Dusit International’s expansion strategy in India, a market it views as offering strong long-term growth opportunities. The development is expected to strengthen Rishikesh’s hospitality landscape, which has been witnessing increasing demand from leisure, wellness and experiential travellers.Read more

Mumbai News Desk

12 Jun 2026

Former Indian cricketer and BCCI chief selector Ajit Agarkar has sold a residential apartment in Mumbai’s Bandra West for INR 4 crore. The transaction involved a flat in the upscale Bandra Reclamation locality and reflects sustained activity in one of Mumbai’s most sought-after residential micro-markets. The sale highlights the continued attractiveness of premium suburban housing destinations, where strong connectivity, proximity to business districts and limited supply continue to support property values and transaction activity.Read more

12 Jun 2026

UK-based oil producer EnQuest has agreed to acquire interests in four offshore production-sharing contracts in Malaysia from Petronas in a deal valued at up to USD 833 million. The transaction marks a significant step in EnQuest’s strategy to expand its presence in Southeast Asia and diversify beyond the North Sea. The acquisition is expected to boost the company’s production levels and strengthen its international portfolio. Investors welcomed the announcement, sending EnQuest shares sharply higher in early trading.Read more

12 Jun 2026

• The Enforcement Directorate has carried out search operations at the premises of Jalandhar-based businessman Amit Bajaj in connection with an ongoing money laundering and related financial irregularities probe.
• The raids, reported across multiple locations in Punjab and Uttar Pradesh, are part of an investigation examining financial records, business dealings and property transactions linked to the case.
• The action has triggered political reactions in Punjab, with allegations of selective targeting being raised while agencies maintain the searches are part of routine enforcement under economic offences laws.Read more

12 Jun 2026

Sime Darby Property has launched a Shariah-compliant investment fund worth 1.25 billion ringgit (USD 307.7 million) to support the development and leasing of data centres, industrial facilities and logistics assets in Malaysia. The New Economy Venture fund achieved full capital commitments at its first close, backed by major institutional investors. The five-year fund has already secured two seed assets located in Elmina Business Park and the City of Elmina, representing about 85% of its target size. Construction has commenced on both projects, with completion scheduled for the second half of 2027.Read more

12 Jun 2026

• The Delhi government has initiated an INR 75 crore road and drainage redevelopment project for the Wazirpur Industrial Area.
• The initiative aims to improve internal roads, strengthen drainage infrastructure, and address long-standing waterlogging issues.
• Better civic infrastructure is expected to enhance industrial operations and ease transportation within the manufacturing hub.
• The project forms part of the government's broader effort to upgrade key industrial clusters across the national capital.Read more

Noida News Desk

12 Jun 2026

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to investigate allegations of illegal groundwater extraction by real estate developers in Noida and Greater Noida. The case originates from a petition raising concerns over large-scale dewatering and borewell usage at multiple construction sites. The tribunal has asked authorities to verify facts on the ground, identify violations, and take appropriate action, including penalties where necessary. It also stressed procedural fairness, noting that all alleged violators must be properly heard during the inquiry process.Read more