Delhi News Desk

5 minutes ago

Delhi Lieutenant Governor Taranjit Singh Sandhu has directed the Municipal Corporation of Delhi (MCD) to address the continuous inflow of fresh waste at the Bhalswa landfill, while reviewing ongoing bioremediation work at the site. The intervention comes as authorities attempt to accelerate the clearance of legacy waste and flatten one of the capital's largest landfill mounds. Officials highlighted that despite progress in waste processing, thousands of tonnes of fresh waste continue to be dumped daily, affecting remediation timelines. The directive also includes adopting improved waste segregation practices, deploying advanced technologies, and strengthening fire prevention measures, reflecting a renewed focus on achieving landfill clearance targets within defined timelines.Read more

03 Apr 2026

The Airports Authority of India has introduced a case-by-case system for granting height clearances in Mumbai, especially in areas affected by aviation-related restrictions near Juhu. The move aims to unlock stalled redevelopment projects that had become financially unviable due to reduced permissible heights. A regional committee will now review individual proposals while ensuring aviation safety. The decision is expected to support redevelopment of old buildings, including MHADA and slum rehabilitation projects, where higher FSI is critical for project feasibility and execution.Read more

03 Apr 2026

Canada's major banks have a combined exposure of around CAD 880 million (USD 634.33 million) to non-prime lender goeasy, as per TD Cowen analysts. The company recently withdrew its financial forecast, reduced its dividend and reported losses linked to weaknesses in its loan book, particularly in auto and vehicle financing. Despite this, analysts believe the exposure does not pose a significant risk to banks, as their lending is directed at the company and not its borrowers. Goeasy has also secured temporary relief on loan covenants and continues to access funding through structured facilities.Read more

03 Apr 2026

Premier Energies has operationalised a 5.6 GW solar module manufacturing facility in Telangana, increasing its total module capacity to around 11.1 GW. The plant, spread over 75 acres, has begun trial production and uses advanced automation, including AI-based quality systems and zero busbar technology. The facility is expected to create about 2,000 jobs and cater to both domestic and export demand. This expansion is part of the company's larger INR 12,500 crore investment plan to build an integrated solar manufacturing ecosystem in India.Read more

03 Apr 2026

Inox Clean Energy has completed the acquisition of Vibrant Energy at an enterprise value of INR 5,000 crore, strengthening its position in India's renewable energy sector. The deal was closed within four months despite challenging global M&A conditions. Vibrant brings a diversified portfolio of 1,337 MW across multiple states and long-term power purchase agreements with leading global and domestic companies. The acquisition supports Inox Clean's strategy to expand its integrated renewable platform and move towards its target of achieving 10 GW installed independent power producer capacity by FY28.Read more

03 Apr 2026

The Centre has approved INR 81.12 crore to expand electric vehicle charging infrastructure in Rajasthan, supporting the state's push towards cleaner mobility. The plan includes setting up 591 charging stations across 262 locations in Jaipur, Ajmer, Udaipur, and Kota, along with key highways. Implemented under the Prime Minister's e-Drive scheme, the project aims to improve accessibility, enable long-distance EV travel, and strengthen the overall ecosystem. The move is also expected to reduce carbon emissions and accelerate the adoption of electric vehicles across urban and intercity routes.Read more

Noida News Desk

03 Apr 2026

Hero Realty, the real estate arm of Hero Enterprise, has acquired an 18,215 sq m land parcel in Sector MU, Greater Noida, for INR 218 crore through an auction conducted by the Greater Noida Industrial Development Authority (GNIDA). The acquisition marks the company's entry into the Greater Noida market and will be used for a residential development. The transaction value is more than double the reserve price of INR 97 crore. The site benefits from proximity to the Noida Greater Noida Expressway, FNG Expressway, and the recently inaugurated Noida International Airport at Jewar. The move aligns with the developer's ongoing expansion across the National Capital Region, where it is focusing on premium housing and plotted developments.Read more

03 Apr 2026

Real estate developers in Thane have responded positively to the Maharashtra government's decision to keep ready reckoner (RR) rates unchanged. The move is expected to support market stability at a time of global economic uncertainty linked to the West Asia crisis. Industry bodies believe stable RR rates will help maintain buyer sentiment, improve transaction activity, and allow developers to plan pricing without additional cost pressure. The government had earlier considered increasing RR rates by 12-14 per cent but decided against it, keeping in mind current economic conditions and their impact on the property market.Read more

03 Apr 2026

The Centre has released INR 1,561.53 crore to five states under Jal Jeevan Mission (JJM) 2.0 after they met reform-linked conditions and signed necessary agreements. The funds have been allocated to Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Odisha and Maharashtra to improve rural tap water supply systems. The updated mission focuses on service delivery, sustainability and accountability, with funding now linked to performance. This comes after the scheme was restructured recently, with a higher financial outlay and a target to provide functional tap water connections to all rural households by 2028Read more

03 Apr 2026

Indian Hotels Company Ltd (IHCL) has announced the signing of a 300-key greenfield Gateway Hotel and Convention Centre in Kanamangala, near Kempegowda International Airport, Bengaluru. The project is being developed in partnership with the Hombale Group and is positioned to cater to rising demand from corporate and MICE segments in north Bengaluru. The location has seen increased development activity due to airport-led growth and infrastructure expansion. With this addition, IHCL's portfolio in Bengaluru will expand to 20 hotels, including 11 under development. The signing reflects continued hospitality sector interest in airport-driven micro-markets within the city's northern corridor.Read more

03 Apr 2026

Hong Kong's Grade-A office market in Central is showing signs of stabilisation after nearly seven years of decline, supported by strong capital market activity and rising demand from financial and Chinese firms. A surge in IPO fundraising over the past year has driven both leasing and investment activity in prime office towers. While rents and prices have begun to improve, the recovery remains limited to select high-quality assets. Oversupply in other districts continues to weigh on the broader market, even as vacancy rates in Central gradually improve and investor confidence returns.Read more

03 Apr 2026

Bharti Airtel's data centre arm Nxtra Data has secured USD 1 billion in funding from global investors including Alpha Wave Global, Carlyle, and Anchorage Capital, along with Airtel's participation. The deal values the company at around USD 3.1 billion. The investment will support expansion of its data centre capacity and AI-led infrastructure across India. With an existing capacity of about 300 MW, Nxtra aims to scale up to nearly 1 GW. The funding comes amid strong demand driven by cloud adoption, AI workloads, and enterprise digital growth.Read more

03 Apr 2026

The Insolvency and Bankruptcy Board of India (IBBI) has suspended insolvency professional Hitesh Goel for two years for lapses in handling the insolvency of Supertech Ltd and Nobility Estates. The regulator found delays in filings, missing disclosures, and non-compliance with prescribed timelines under the Insolvency and Bankruptcy Code. These issues affected transparency and slowed the resolution process, impacting creditors and homebuyers. The action comes as efforts continue under court supervision to complete stalled Supertech housing projects and provide relief to buyers.Read more

03 Apr 2026

Hillhouse Investment Management has set up a new office in Abu Dhabi's financial centre, continuing its expansion despite ongoing conflict in the region. The move comes as businesses face disruptions due to geopolitical tensions following coordinated strikes on Iran and retaliatory actions across Gulf countries. The United Arab Emirates continues to attract global firms due to its tax-friendly policies and business environment. Abu Dhabi Global Market has seen strong growth in assets under management and active licences. Hillhouse, with over USD 100 billion in assets, is also expanding its presence across private equity, real estate and private credit.Read more

03 Apr 2026

The Mumbai Metropolitan Region Development Authority recently held discussions with Germany's Consul General in Mumbai to explore collaboration in urban infrastructure and transport. The meeting focused on metro rail development, multimodal integration, and adopting global best practices. Both sides highlighted the need for sustainable and efficient urban planning as cities expand. The interaction reflects a continued effort to strengthen Indo-German ties in infrastructure development, with a focus on innovation and long-term urban mobility solutions across the Mumbai Metropolitan Region.Read more

03 Apr 2026

Raymond Realty Ltd reported pre-sales of INR 15.19 billion for the fourth quarter of FY26, indicating steady demand in its residential projects. The performance reflects continued buyer interest in mid and premium housing segments, particularly in key markets such as the Mumbai Metropolitan Region. The company has been focusing on redevelopment projects and expanding its residential portfolio in recent years. This update follows its consistent growth trajectory in bookings over previous quarters, supported by project launches and improved sales velocity across developments.Read more

03 Apr 2026

The Municipal Corporation of Delhi has extended the deadline for its property tax amnesty scheme till April 30, giving property owners more time to clear pending dues. The scheme offers waiver on interest and penalties for old dues if taxpayers pay the principal amount for recent years. The decision comes after a strong response from residents. Authorities have stated that this will be the final extension. The initiative aims to improve compliance, resolve long-pending dues, and strengthen overall tax collection in the city.Read more

03 Apr 2026

The Gujarat government has approved road resurfacing and quality improvement works worth INR 3,440 crore to upgrade rural connectivity across the state. The programme will cover around 5,700 km of non-planned roads through 2,342 projects spanning 33 districts, accounting for nearly 67% of such road networks. The initiative focuses on improving travel safety and efficiency in remote villages while introducing performance-based contracting models. Under the plan, projects will be executed through Output and Performance-Based Contracts (OPRC) and Performance-Based Maintenance Contracts (PBMC), with extended maintenance responsibilities. The move reflects a shift towards lifecycle-based infrastructure management, aimed at enhancing durability, reducing repair frequency, and improving accountability in road maintenance.Read more

Bangalore News Desk

03 Apr 2026

Enzyme Office Spaces has expanded its commercial real estate presence in Bengaluru by leasing approximately 3.5 lakh sq ft of office space across key micro-markets including Whitefield, HSR Layout, and Hebbal. The managed workspace operator plans to develop around 5,000 seats within these centres, taking its total seating capacity in India to nearly 60,000. The newly leased portfolio is expected to generate about INR 50 crore in annual revenue. The expansion reflects sustained occupier demand for flexible and managed office solutions, particularly from startups and global capability centres. The company, which currently manages nearly 2 million sq ft across cities, has also outlined further leasing plans for the upcoming financial year.Read more

03 Apr 2026

The Jammu and Kashmir government has disbursed INR 3.80 crore as Union Territory subsidy to 4,288 beneficiaries under the PM Surya Ghar - Muft Bijli Yojana. The financial support has been distributed between consumers of Kashmir Power Distribution Corporation Limited and Jammu Power Distribution Corporation Limited. The scheme offers a mix of central and UT subsidies for rooftop solar installations, with total benefits reaching up to INR 94,800 for a 3 kW system. Authorities have indicated that delays in some cases are due to verification and documentation processes, which are currently being streamlined.Read more

03 Apr 2026

Adani Airport Holdings has partnered with Blinkit to launch India's first in-terminal quick commerce service at Mumbai's Chhatrapati Shivaji Maharaj International Airport. The service is currently available at Terminal 2 for domestic departures, allowing passengers to order essentials through the Blinkit app and receive deliveries within the airport. Items include travel accessories, snacks, electronics, and personal care products. The move aims to improve passenger convenience and optimise waiting time at airports, while also helping Blinkit expand into high-demand locations with strong consumer intent and frequent usage.Read more

03 Apr 2026

The Punjab government has introduced key industrial reforms to simplify leasehold-to-freehold conversions and reduce compliance burden. A fixed 5 per cent conversion fee and full stamp duty exemption for applications completed by April 30, 2026 aim to clear pending cases and encourage faster conversions. The policy also removes certain charges, simplifies documentation, and speeds up approvals. Alongside, amendments in infrastructure management rules address double taxation and improve maintenance through industry-led bodies. These steps are expected to improve ease of doing business and support industrial expansion in the state.Read more

03 Apr 2026

Metro rail projects proposed for Jammu and Srinagar are currently under review by the central government after detailed project reports were submitted. Prepared by RITES Ltd., the plans cover route alignment, ridership projections, land requirements and financial viability. The Jammu corridor between Bantalab and Bari Brahmana is expected to see strong passenger demand in the coming years. Similar groundwork has been completed for Srinagar. The projects are part of long-term efforts to improve urban transport in the region, though final approval is still awaited.Read more

03 Apr 2026

Marriott International has opened a 130-room Courtyard by Marriott hotel in Tirupati, Andhra Pradesh, strengthening its footprint in India's religious tourism segment. The property marks the company's entry into one of the country's key spiritual destinations, which attracts consistent year-round visitor demand. The development aligns with Marriott's strategy of expanding into high-demand and emerging travel markets across India. Tirupati's steady influx of pilgrims and tourists makes it a strategic location for hospitality investments, particularly in the mid-scale and upscale segments catering to both domestic and international travellers.Read more

03 Apr 2026

Vedanta Ltd has approached the Supreme Court against Adani Group's INR 14,535 crore bid for Jaiprakash Associates under the insolvency process. The move follows the appellate tribunal's refusal to stay the deal. Vedanta has argued that its higher bid was not considered fairly. Meanwhile, Adani Enterprises Ltd has filed a caveat to ensure it is heard before any order is passed. The case adds complexity to one of India's large ongoing insolvency resolutions involving real estate and infrastructure assets.Read more

03 Apr 2026

Rightmove, the UK's leading property portal, is facing a USD 2 billion lawsuit filed by estate agents, accusing it of abusing its market dominance through high subscription fees. Led by Jeremy Newman and supported by over 250 agencies, the claim has drawn attention as shares fell nearly 9%. The portal has rejected the allegations, citing the value it offers to partners and consumers. The legal action is backed by Innsworth Capital with support from Scott+Scott UK LLP. Market challenges and global conflicts have intensified pressures on the UK property sector.Read more

03 Apr 2026

Municipal Corporation of Delhi has reported a 46% increase in property tax collection to INR 3,116.62 crore in FY26, driven by enhanced enforcement measures and the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme. The number of taxpayers rose 19.36% to over 13.5 lakh, indicating a broader tax base. The amnesty scheme contributed INR 1,236.03 crore, with significant collections from both residential and non-residential properties. The civic body also leveraged third-party data sources to identify unassessed properties and initiated action against defaulters. The scheme has been extended until the end of April with a penalty provision to encourage further compliance.Read more

03 Apr 2026

India's real estate sector has transformed from an unregulated market in the 1990s to a structured and accountable industry. NBR Group, led by N. Nagabushana Reddy, played a vital role in building trust through transparent documentation and disciplined project delivery, particularly in Bengaluru's Sarjapur Road and Gunjur corridors. Modern developments now emphasize sustainability, green spaces, and livable designs while integrating technology for transparency. The sector increasingly aligns with national growth objectives, focusing on employment, connectivity, and urban planning. Recognition at global forums highlights India's shift toward ethical, responsible, and long-term real estate practices.Read more

03 Apr 2026

Leasing of industrial and warehousing spaces across 24 Indian cities increased by 16% year-on-year to 18.5 million sq ft in the first quarter of 2026, according to Savills. The growth was driven by strong demand from manufacturing, third-party logistics (3PL), and e-commerce sectors. Tier-I cities such as Ahmedabad, Bengaluru, and Delhi-NCR accounted for 79% of total absorption, while Tier-II and Tier-III cities contributed 21%. New supply rose sharply by 39% to 22.1 million sq ft during the quarter. Manufacturing led leasing activity with a 35% share, followed by logistics and consumer-driven sectors, indicating sustained momentum in India's industrial real estate segment.Read more

03 Apr 2026

U.S. mortgage rates have risen to 6.57%, the highest since August, largely due to inflation fears fueled by the U.S.-Israel conflict in Iran and rising oil prices. Refinancing applications dropped 17.3%, while home purchase applications fell 2.6%. The 10-year Treasury yield, which heavily influences mortgage rates, climbed as the Middle East tensions disrupted the Strait of Hormuz, pushing global crude prices above USD 118 per barrel. Economists note that although a buyer's market is easing some pressure, overall economic uncertainty is affecting buyer confidence.Read more

03 Apr 2026

The National Company Law Appellate Tribunal (NCLAT) has modified the insolvency order against Vatika Limited, limiting the Corporate Insolvency Resolution Process (CIRP) only to its Gurugram-based project Aspirations. The tribunal upheld the default but ruled that insolvency should remain project-specific where debt is linked to a particular development. The decision offers partial relief to the developer while allowing creditors of other projects to take separate legal action. It also strengthens the approach of handling real estate insolvency on a project-wise basis under the Insolvency and Bankruptcy Code.Read more

03 Apr 2026

Institutional investment in India's real estate sector declined sharply by 62% quarter-on-quarter to USD 1.41 billion in the first quarter of 2026, according to Vestian. The fall is attributed to cautious investor sentiment amid geopolitical tensions in West Asia. However, investments rose 74% compared to the same period last year, indicating underlying resilience. Commercial assets dominated inflows with an 80% share, supported by demand from global capability centres (GCCs). Residential investments, in contrast, witnessed significant declines both sequentially and annually. The data reflects a shift towards domestic capital participation as foreign investments moderated during the quarter.Read more

03 Apr 2026

The proposed Neopolis IT township in Thiruvananthapuram is facing delays after the Union government initiated a major revision of the programme by expanding its scope from 10 to nearly 100 cities nationwide. The project, which had received in-principle approval in late 2024, is planned at Technopark Phase IV and forms part of the Outer Area Growth Corridor (OAGC) strategy. Authorities have been asked to reassess proposals in line with revised guidelines, including reconsideration of Kannur, which was earlier excluded. The development is envisaged as an integrated IT-led township combining office, residential, and commercial infrastructure. The revised national framework has introduced uncertainty in timelines while placing all shortlisted projects under fresh evaluation.Read more

03 Apr 2026

Mahagun Group has secured INR 225 crore funding from CSL Finance Ltd to support the completion of its ongoing real estate projects. The fresh capital is expected to improve the company's financial position and help speed up construction across its portfolio in the Delhi-NCR region. The funding comes after the company closed its earlier debt, indicating a cleaner balance sheet and improved financial discipline. The developer, which has already delivered 20 projects, plans to use the funds to ensure timely delivery and maintain steady progress amid evolving market conditions.Read more

03 Apr 2026

China's new home prices in 100 cities saw a slight month-on-month increase in March, reversing the small decline in February, driven by seasonal demand in major cities. Higher-quality projects in core cities supported a modest recovery in sales, though analysts warn that weak employment and elevated inventory continue to weigh on market sentiment. The prolonged property downturn, triggered by government borrowing curbs since 2020, has strained developer liquidity. Ongoing geopolitical tensions and a potential shift toward second-hand homes add uncertainty to the sustainability of this recovery.Read more

Gurugram News Desk

03 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has ordered BPTP Limited to refund INR 18.12 lakh along with 2% interest to a homebuyer in connection with its Park Terra project in Sector 37D, Gurugram. The directive follows complaints filed by an allottee who had booked units in the project but did not receive possession within the stipulated timeline. The authority rejected the developer's argument that the complaint was time-barred, citing the principle of continuing liability. It also held that deductions towards earnest money cannot exceed 10% under RERA provisions. The case highlights ongoing regulatory scrutiny of delayed housing projects and reinforces compliance requirements for developers operating in Haryana's residential market.Read more

03 Apr 2026

Property registrations in Mumbai saw a 3 per cent year-on-year rise in March, reaching 15,983 units, marking the highest level for the month in the last 14 years. The growth reflects sustained end-user demand, stable economic conditions, and continued confidence among homebuyers. Residential properties dominated the market with nearly 80 per cent share. Compared to the previous month, registrations also saw a notable increase. Industry experts believe that real estate continues to remain a preferred investment option, even as other asset classes face volatility, reinforcing the sector's long-term stability.Read more

Mumbai News Desk

03 Apr 2026

A traffic bottleneck at the Breach Candy exit of Mumbai's Coastal Road has triggered a citizen-led campaign demanding additional exit infrastructure to ease congestion in South Mumbai. The issue has emerged in the past week as residents highlighted that while the arterial road has reduced travel time significantly along the main corridor, the absence of a planned exit at Nepeansea Road has resulted in severe delays at the final stretch. Commuters report that a 300-metre segment near the exit can take up to 20-25 minutes during peak hours. The campaign, titled Unlock the Exit, is advocating for the reinstatement of a previously proposed exit, citing technical feasibility and the need for improved last-mile connectivity within dense urban neighbourhoods.Read more

03 Apr 2026

Haryana has revised its collector rates using a data-based approach to align government property values with actual market transactions. The update is based on analysis of higher-value registrations across segments, with most areas seeing no change while others have witnessed graded increases. Around 68.80 per cent of segments remain unchanged, showing existing alignment with market rates. The move aims to reduce undervaluation, improve transparency in property deals, and ensure fairer stamp duty collection, while bringing more consistency to the state's real estate valuation system.Read more

03 Apr 2026

The Prayagraj Development Authority (PDA) is planning to establish a dedicated Project Management Unit (PMU) to improve planning and execution of its residential developments across the city. The move, announced in the past week, aims to integrate core infrastructure such as roads, sewerage and water supply at the design stage, addressing delays caused by fragmented planning. The proposed PMU will consist of civil engineering and urban planning experts and is expected to be appointed through a tender process in the upcoming financial year for an initial one-year term. The authority is currently developing housing schemes at four locations, and the initiative is intended to standardise execution, improve quality control and strengthen coordination across departments involved in urban development projects.Read more

03 Apr 2026

Godrej Riverine, a premium residential project by Godrej Properties in Central Noida, has been recognised for its strong marketing approach and overall project positioning. It won awards for 360-degree marketing excellence and iconic project of the year. The project stood out for its integrated campaign combining digital outreach, on-ground activations, and immersive experiences. Backed by strong buyer response and notable booking value, the development reflects rising demand in the NCR luxury housing segment and highlights how structured marketing plays a key role in driving real estate sales.Read more

Lucknow News Desk

03 Apr 2026

The Lucknow Development Authority has made it mandatory for allottees to download their allotment letters online through its official portal. The move replaces the earlier system of sending physical letters and aims to improve transparency and reduce delays. Applicants will receive SMS alerts once their letters are uploaded and must complete all required formalities within three months. If they fail to do so, the allotment will be cancelled automatically. The step also comes after past cases of fake allotment letters, with the authority aiming to make the process more secure.Read more

03 Apr 2026

South Western Railway (SWR) has introduced modern Linke Hofmann Busch (LHB) coaches on five short-distance train services, replacing older conventional rakes to improve passenger comfort and safety. The rollout, implemented in the past week, covers three Mysuru-bound trains, one service to Dharwad, and an intercity train to Talguppa. The upgraded coaches are designed for speeds of up to 160-180 kmph and include features such as charging points, tray tables, modular switches, and improved window systems. However, the transition has reduced the total coach count from 21 to 19, raising concerns over capacity. Passenger feedback has also pointed to limited seat recline in second-sitting coaches, highlighting trade-offs in the modernisation effort.Read more

03 Apr 2026

Women's safety measures at Namo Bharat Regional Rapid Transit System (RRTS) stations have been strengthened through funding from the Nirbhaya Fund, with multiple initiatives implemented across operational corridors. The measures, introduced in the past week, include dedicated women help desks, enhanced surveillance systems, well-lit station premises, and deployment of trained security personnel. The initiative is being implemented by the National Capital Region Transport Corporation (NCRTC) as part of its broader passenger safety framework. The focus is on ensuring safe access, transit, and exit for women commuters across stations and trains. These interventions are aligned with national efforts to integrate gender-sensitive infrastructure into urban transport systems and improve safety standards in high-capacity transit networks.Read more

03 Apr 2026

Prime Minister Narendra Modi inaugurated a semiconductor facility and launched multiple infrastructure projects worth over INR 20,000 crore across Gujarat in the past week, covering sectors such as urban development, transport, power, and healthcare. The semiconductor plant, located at Sanand in Ahmedabad, marks the country's second such facility and is expected to strengthen domestic chip manufacturing capabilities. Alongside this, a series of projects were inaugurated or had foundation stones laid in the Vav-Tharad region, including initiatives in road connectivity, railways, and urban infrastructure. The visit also included the launch of a museum in Gandhinagar. The combined developments are part of broader efforts to enhance infrastructure capacity and support industrial and regional growth in the state.Read more

03 Apr 2026

The Ministry of New and Renewable Energy (MNRE) has extended the commissioning deadline for select projects under the PM KUSUM scheme to March 31, 2027, offering relief to solar developers and state agencies facing delays. The decision applies to projects where power purchase agreements or letters of intent were issued by the end of 2025. The extension follows concerns over slow financial closure, with banks showing limited lending appetite under earlier timelines. States have been directed to coordinate with financial institutions to expedite funding. The scheme, aimed at decentralised solar generation for the agricultural sector, continues to see uneven implementation across regions, prompting revised timelines and discussions around a successor framework under PM KUSUM 2.0.Read more

02 Apr 2026

The Varkala municipality in Kerala has launched a large-scale enforcement drive against unauthorised constructions along the ecologically sensitive North Cliff stretch, covering areas from Varkala Cliff to Aliyirakkam. The action follows identification of widespread violations of the Kerala Municipality Building Rules, 2019, particularly by resorts, homestays and private property owners. Authorities have issued stop-work notices and directed violators to submit valid approvals within three days or face demolition and legal action. Inspection teams have been deployed across wards to document irregularities. The crackdown comes amid concerns over increasing construction activity during the election period and growing environmental risks, including soil erosion and structural instability along the coastal belt.Read more

02 Apr 2026

South Korean robotics maker EveryBot Inc has moved to sell real estate assets valued at about 26 billion won (approximately USD 19.4 million) as part of a strategic shift in its business operations. The company, listed on the Korea Exchange under the code 270660.KQ, disclosed the intention to divest property holdings in a filing earlier this week. This decision comes amid broader efforts by tech and robotics firms in the region to streamline balance sheets and focus on core business segments. EveryBot's asset sale follows its history of product collaborations and previous investments in robotics ventures.Read more

Pune News Desk

02 Apr 2026

Citizen groups and housing federations in Pune have called for legal action against developers who failed to fulfil water supply commitments made during project approvals. The demand follows growing complaints from residents in peripheral areas who remain dependent on private tankers despite assurances of interim water supply by builders. The issue was reviewed in a joint meeting involving the Pune Municipal Corporation (PMC), Pimpri Chinchwad Municipal Corporation (PCMC) and PMRDA, convened in line with a High Court-directed process. Authorities have been urged to enforce developer undertakings, publish water-related affidavits online, and ensure accountability. The situation highlights structural gaps in urban infrastructure delivery and compliance in fast-expanding residential zones.Read more

02 Apr 2026

State-owned NTPC Limited has started commercial electricity supply of 168.02 MW from its solar projects at Khavda in Gujarat through its subsidiary NTPC Renewable Energy Ltd. This includes partial commissioning of two large solar projects Khavda-I and Khavda-II. With this addition, the NTPC Group's total installed capacity has reached 89,057 MW, while its commercial capacity stands at 87,977 MW. The development is part of NTPC's ongoing renewable energy expansion and aligns with its broader plan to significantly increase green energy capacity in the coming years.Read more