Pune News Desk

30 minutes ago

The Maharashtra property registration department is considering allowing online leave-and-licence (tenant) agreements in Pune district to be processed by any sub-registrar office rather than restricting approvals to the office within the property's jurisdiction. The proposal follows complaints over delays and a backlog of tenant registration applications across Pune's registration offices. Officials reported that more than 3,000 documents were pending recently, with some approvals taking up to 10 days despite a mandated 24-hour processing timeline. The proposed change would align Pune with the state's one district, one registration approach already implemented in districts such as Mumbai and Thane. Authorities said the initiative aims to distribute workloads more evenly across offices and reduce processing delays. The proposal is currently under consideration as officials address software compatibility issues between city and rural registration systems.Read more

1 hour ago

HJ Shipbuilding & Construction Co Ltd has secured a new order worth about 89 billion won, strengthening its order pipeline and business activity. The contract reflects continued demand for the company's construction and engineering capabilities. While the details of the project were not disclosed, such orders typically contribute to the company's revenue visibility and execution schedule over the coming quarters. The development also highlights the firm's ongoing role in infrastructure and construction projects. HJ Shipbuilding & Construction, formerly known as Hanjin Heavy Industries & Construction, operates across shipbuilding, infrastructure, and engineering segments.Read more

2 hours ago

The Union government has approved the development of a dedicated information technology (IT) park in Puducherry with an estimated investment of INR 1,250 crore. The project will be developed as a Special Economic Zone (SEZ) on approximately 21.3 acres of government-owned land at Thattanchavady within the municipal limits of Puducherry. The initiative forms part of efforts to expand the region's technology and services ecosystem while generating employment opportunities. Officials indicated that the proposed IT SEZ is expected to create nearly 30,000 jobs over the coming decade and strengthen the Union Territory's position as a technology and services destination. The park will include plug-and-play office infrastructure along with supporting commercial and social facilities. Authorities said the project is intended to retain skilled graduates in the region while attracting domestic and global technology firms to establish operations in Puducherry.Read more

Bangalore News Desk

3 hours ago

The Karnataka Real Estate Appellate Tribunal has ruled that the Bengaluru Development Authority (BDA) qualifies as a promoter under the Real Estate (Regulation and Development) Act, 2016, dismissing the authority's appeal against an earlier order of the Karnataka Real Estate Regulatory Authority (KRERA). The tribunal held that BDA must comply with the provisions of the Real Estate Act when it develops and sells residential layouts or buildings to the public. The case relates to the Nadaprabhu Kempegowda Layout project in Bengaluru, a large residential layout spread across about 4,043 acres that has faced prolonged delays affecting thousands of allottees. The tribunal upheld KRERA's directive requiring the project to be registered under the RERA framework and rejected BDA's argument that it should be exempt because it operates as a statutory planning authority.Read more

4 hours ago

Development of educational infrastructure in Amaravati has moved forward with the completion of a lease agreement between Andhra Pradesh Capital Region Development Authority (APCRDA) and Touch Stone Educational Foundation for setting up Basil Woods International School. The school will be built on around four acres with an investment of about INR 40 crore and will cater to students from kindergarten to Class 12. Planned with international standards, the campus will include modern classrooms, laboratories, sports infrastructure and other facilities. The institution is expected to accommodate nearly 2,000 students and contribute to employment generation while strengthening Amaravati's position as an emerging education hub.Read more

5 hours ago

A real estate company operating in Sohna near Gurugram has reported financial losses amounting to several crores after forged documents were allegedly used to manipulate a land development agreement and cancel a registered General Power of Attorney (GPA). Police registered a case at Sadar Sohna police station following a complaint by representatives of Yashdeep Builders, which had entered into a collaboration agreement with a landowner in 2018 to develop a parcel of land. Investigators alleged that some individuals, including a company representative, conspired with the landowner to prepare a forged agreement and supporting documents that enabled the cancellation of the registered GPA without the developer's consent. The case has been transferred to the Economic Offences Wing-I for investigation. Police have arrested five individuals so far, including a suspect accused of preparing the forged documents.Read more

6 hours ago

India's first high speed rail service on the Mumbai-Ahmedabad corridor will start operations in phases, with the initial services using the domestically manufactured B28 bullet train. Developed in Bengaluru, the train will initially run at around 250 kmph, with potential upgrades to 320-350 kmph in the future. The first operational section will cover approximately 100 km between Surat and Vapi. The full 508 km corridor is planned for completion by 2029. This project marks a major milestone in India's high speed rail programme, enhancing connectivity between Gujarat and Maharashtra.Read more

Mumbai News Desk

7 hours ago

The Bombay High Court has set aside a Brihanmumbai Municipal Corporation (BMC) order concerning pending payments of over INR 6.41 crore to a contractor for additional work on the Girgaon Chowpatty viewing gallery. The court noted that BMC relied on documents without sharing them with the contractor or allowing him to respond, violating natural justice. Contractor Mukesh Purohit had completed the project and received partial payment of INR 1.36 crore, but the balance remained unpaid. The court has directed a fresh hearing with all submissions considered before a new decision is issued.Read more

8 hours ago

A shortage of commercial LPG cylinders in Bengaluru has started affecting paying guest (PG) accommodations that provide meals to thousands of residents across the city. Many PG operators are facing irregular gas deliveries, forcing them to simplify menus, limit cooking and suspend certain kitchen services. Some facilities have also informed tenants that lunch services may be temporarily halted from March 13 until supplies improve. The disruption has raised concerns among professionals and students who rely on PG meals, prompting some to suggest that companies temporarily allow employees to work from home until normal gas supply resumes.Read more

8 hours ago

Singapore-based real estate investment platform RealVantage has completed the off-market acquisition of The Heathcote Hotel in central Manchester, formerly known as ABode Manchester, in partnership with London-based investor and asset manager Oberland. The transaction represents a total capitalisation of GBP 14 million, with RealVantage holding an 85% equity stake and Oberland retaining the remaining 15%. The Grade II-listed hospitality asset at 107 Piccadilly is scheduled to close operations in April 2026 to undergo a six-month refurbishment programme aimed at repositioning the property. The redevelopment will increase the hotel's capacity from 61 to 78 rooms and upgrade guest facilities while preserving heritage architectural elements. The investment is expected to deliver a targeted 16% net internal rate of return to RealVantage platform investors over an anticipated investment horizon of approximately 36 months.Read more

9 hours ago

SA Corporate Real Estate Limited reported its audited consolidated financial results for the financial year ended 31 December 2025, showing headline earnings per share of 24.40 cents. The company also recorded total revenue of ZAR 2,922.4 million for the year. The real estate investment trust, listed on the Johannesburg Stock Exchange, announced its results along with a cash dividend declaration. SA Corporate owns and manages a diversified property portfolio across South Africa, including industrial, retail and residential assets primarily located in major metropolitan areas. The results reflect the company's operational performance across its property portfolio during the past financial year.Read more

9 hours ago

Police in Nashik have registered a cheating and forgery case against more than 150 landowners and developers in connection with alleged violations of Maharashtra's inclusive housing regulations. The case, filed at Sarkarwada police station following a land records department complaint, stems from an inquiry into residential projects that allegedly bypassed the mandatory 20% reservation for Economically Weaker Section (EWS) housing in developments exceeding 4,000 sq m. Investigators found that several developers and landowners had allegedly split large land parcels into smaller plots through fabricated documents to remain below the regulatory threshold and avoid allocating EWS units. The projects fall within the jurisdiction of Nashik Municipal Corporation, where such reserved housing is required to be handed over to the Maharashtra Housing and Area Development Authority (MHADA). Authorities said more than 100 projects across the city are under scrutiny as the investigation continues.Read more

10 hours ago

Bessco Power Pvt. Ltd. and Renergo Developers Pvt. Ltd. have formed a strategic joint venture to develop 1,000 MW of renewable energy projects in India and Nepal over the next 18-24 months. The partnership will mainly focus on utility-scale solar projects while exploring emerging sectors such as green hydrogen, compressed biogas (CBG), and green ammonia. By combining development expertise and strategic execution platforms, the companies aim to accelerate clean energy deployment, contribute to sustainable economic growth, and create a diversified renewable energy portfolio aligned with the region's energy transition goals.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) is progressing with the construction of a planned underpass at Sector 19, Sanpada, along Palm Beach Road to ease traffic congestion and improve connectivity within the Sanpada and Juinagar areas. The project has been proposed as an alternative access route to reduce dependence on the existing entry point near Moraj Circle and to manage future traffic pressure arising from infrastructure developments including the Navi Mumbai International Airport, JNPT expansion and the planned Third Mumbai. As part of the project's environmental management plan, the civic body has identified 808 trees in the project area, of which 368 will be preserved in their existing locations. A further 329 trees will be transplanted scientifically within the same locality, while 111 trees are proposed to be removed after due regulatory procedures and public consultations.Read more

11 hours ago

Arvind SmartSpaces Limited has acquired a new residential high-rise development project in Whitefield, Bengaluru, with an estimated saleable area of about 2.5 lakh sq ft and a projected revenue potential of around INR 330 crore. The project, located in the Nagondanahalli area, spans 2.08 acres and has been acquired on an outright basis. The acquisition follows the company's earlier high-rise project addition on Sarjapur Road earlier this year, reinforcing its expansion in Bengaluru's residential market. This will be Arvind SmartSpaces 11th high-rise development in the city. The company entered the Bengaluru market in 2013 and has since added 15 projects across the region, with six developments delivered and nine currently under development. The project addition contributes to the developer's expanding vertical development portfolio during the current financial year.Read more

11 hours ago

The Union Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand with a combined investment of INR 4,474 crore to increase capacity on key rail corridors in eastern India. The projects involve constructing fourth railway lines on the Sainthia Pakur and Santragachi Kharagpur sections and are expected to add approximately 192 km to the Indian Railways network. Covering five districts across the two states, the upgrades aim to reduce congestion on busy routes used by both passenger and freight trains. The corridors are important for transporting commodities such as coal, stone, cement, iron and steel, foodgrains and petroleum products. Planned under the PM Gati Shakti National Master Plan, the projects are intended to improve multimodal connectivity, enhance freight movement efficiency, and strengthen logistics infrastructure in the region.Read more

12 hours ago

AGICL Managing Director SVR Srinivas carried out inspections at major construction projects in Amaravati, including the Gazetted Officers Housing, Amaravati Government Complex Infra, and GAD Tower 1 and 2. During the visits, he engaged with contractors and engineering teams to assess progress and understand project updates. Following the site inspections, he conducted a detailed review session to ensure that construction work adheres to set quality standards and timelines. This initiative reflects AGICL's focus on maintaining efficient and high-quality infrastructure development in the capital.Read more

12 hours ago

Mumbai-based developer Chandak Group has launched a limited-period homebuying scheme across five of its residential projects in the city to coincide with the Gudi Padwa festival and the company's 40th year of operations. The initiative introduces a 40:60 developer subvention structure under which buyers pay 40% of the property value upfront while the remaining 60% is deferred until possession. The offer applies to projects located in Chembur East, Vile Parle West, Andheri East, Malad West and Borivali East and will remain valid until March 31, 2026, after which the effective prices of residences in these developments are scheduled to increase from April 1. The scheme is aimed at improving affordability and easing near-term financial commitments for homebuyers considering premium residences in Mumbai's established residential micro-markets.Read more

13 hours ago

The Uttar Pradesh government has approved INR 425 crore under the Chief Minister New Township Scheme to promote structured township development in eight cities: Bareilly, Varanasi, Orai, Chitrakoot, Banda, Pratapgarh, Ghazipur, and Mau. The funding will act as seed capital, covering up to 50 percent of land acquisition costs over 20 years, helping local authorities plan and develop residential and mixed-use townships. The initiative is part of the state's broader urban growth strategy to manage increasing populations, improve housing infrastructure, and guide orderly urban expansion.Read more

13 hours ago

The Uttar Pradesh government has introduced a new rule requiring verification of property ownership before any sale deed can be registered. The state cabinet approved amendments to the Registration Act that allow sub-registrars to examine ownership documents, possession records, and the seller's legal right to transfer the property before completing registration. The move aims to prevent fraudulent property transactions, sale of disputed land, and registrations involving government or restricted properties. Officials said the reform is intended to make property transactions safer for buyers and reduce litigation related to ownership disputes across the state's real estate market.Read more

14 hours ago

Malaxmi Infra Ventures India Pvt. Ltd. has begun work on a five-star DoubleTree by Hilton hotel and an adjoining convention center in Amaravati. Spanning six and a half acres, the project will include 200 hotel rooms and a convention facility accommodating 10,000 people, with a total investment of INR 330 crore. Key officials and dignitaries attended the Bhumi Pooja, marking a significant addition to Amaravati's hospitality and event infrastructure.Read more

15 hours ago

The Chandigarh administration has proposed amendments to the Capital of Punjab (Development and Regulation) Act, 1952 to revise building regulations and streamline penalties for violations across the city. The proposal aims to introduce clearer definitions for different property categories and bring a structured method to calculate penalties for building misuse and construction beyond permitted limits. Officials believe the changes will help address thousands of pending violation cases and improve enforcement. The revised framework may also allow the administration to rationalise penalties more effectively while ensuring that property owners clearly understand the consequences of non-compliance.Read more

16 hours ago

An ultra-luxury apartment in Aman Residences Dubai on the Jumeirah Peninsula has been sold off-plan for AED 422 million (about $115 million), underscoring strong investor confidence in Dubai's high-end real estate market. The 31,201 sq ft residence was sold at AED 13,525 per sq ft, according to transaction data from DXBinteract, developed in partnership with the Dubai Land Department. The deal was confirmed by fm Properties, which described the sale as a major indicator of continued demand from global ultra-high-net-worth buyers. Industry experts say Dubai's property market is supported by strong fundamentals, including growing end-user demand, diversified international buyers and a mature regulatory environment. The record-value transaction highlights Dubai's status as a leading global destination for luxury property investment despite geopolitical uncertainties in the region.Read more

17 hours ago

Real estate developer Casagrand has launched Casagrand Spacio, a premium European-styled independent villa community in Tiruppur. Located on Poondi Ring Road in Chettipalayam, the 2-acre low-density development will feature 20 ultra-luxury 4BHK villas ranging from 3,458 to 3,502 sq ft. Each residence includes an 800 sq ft private garden, provision for an in-villa lift, and access to 18 curated lifestyle amenities. The project dedicates 65% of its total area to open spaces and greenery, offering residents a spacious and tranquil living environment. Prices for the villas start at INR 2.49 crore. The project is registered under Tamil Nadu Real Estate Regulatory Authority with RERA number TNRERA/32/BLG/0055/2026, reinforcing regulatory compliance and transparency.Read more

18 hours ago

The Navi Mumbai Municipal Corporation has carried out a major demolition drive to remove unauthorised hutments constructed beneath high-tension electricity lines in Vashi Gaon. Acting on instructions from Municipal Commissioner Dr Kailas Shinde, the civic body's encroachment department cleared 213 illegal huts built on land belonging to the municipal corporation and CIDCO. The operation was conducted under the supervision of senior officials with support from police personnel, security staff and demolition equipment. Authorities said the structures posed serious safety risks due to their location directly beneath high-voltage transmission lines. The civic administration has stated that similar enforcement actions will continue as part of its efforts to remove unauthorised encroachments across Navi Mumbai.Read more

19 hours ago

CREDAI MCHI Thane has welcomed the Maharashtra State Budget 2026 presented by Devendra Fadnavis, citing its focus on housing, infrastructure and economic growth. The industry body said the budget's emphasis on completing 3.57 lakh houses under Pradhan Mantri Awas Yojana and promoting rooftop solar energy will support affordable housing and sustainable development. It also highlighted the government's push for metro and highway projects, which are expected to improve regional connectivity and boost economic activity in Thane and other cities across Maharashtra.Read more

20 hours ago

The Nashik Municipal Corporation (NMC) has recorded its highest property tax collection so far, reaching INR 272 crore in the current financial year. The amount has already crossed the civic body's annual target of INR 270 crore, marking a record in the corporation's 43-year history. Officials expect the collection to rise further before the financial year ends through ongoing recovery efforts. The increase has been supported by stricter enforcement against defaulters, expansion of the tax base and incentives for timely payments. Around 30,000 additional properties were also brought under the tax net during the year.Read more

21 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) organised a fire prevention and emergency response awareness drive at its office premises as part of the 55th National Safety Week. The programme included an awareness seminar and a practical fire-fighting drill aimed at improving fire safety knowledge and emergency preparedness among staff. Fire department officials explained preventive measures, demonstrated the proper use of fire extinguishers, and highlighted workplace safety standards. Senior APCRDA officials and fire personnel from the Mangalagiri Fire Station participated in the programme, reinforcing the importance of preparedness, responsible practices, and coordinated response to fire-related emergencies.Read more

22 hours ago

Flexible workspace operator 91Springboard has received multiple recognitions across industry platforms, including three awards at the Realty+ Flex Spaces Conference 2026. The company was named Flex Space Brand of the Year, while CEO Anshu Sarin received the Flex Space Leader of the Year award. The company also won Enterprise Flexspace Design of the Year for a workspace developed for global travel platform Agoda. In addition, Niroopa Padmanabhan, Chief Design Officer at 91Springboard, was recognised as Woman Super-Achiever of the Year at the Business Leader of the Year Awards 2026. The recognitions highlight the company's presence in India's expanding flexible workspace sector, where operators are increasingly providing managed offices and enterprise-grade flexible workplaces to technology companies, global capability centres and large enterprises seeking adaptable workspace solutions.Read more

Lucknow News Desk

23 hours ago

The Lucknow Municipal Corporation intensified its property tax recovery drive and sealed seven establishments across two zones of the city after they failed to clear long-pending dues despite repeated notices. Three properties in one zone had arrears exceeding INR 1.5 crore, while four others in another zone together owed close to INR 1 crore and additional dues exceeding INR 94 lakh. The establishments include government-linked offices, a research centre and public institutions. Civic officials said the action followed multiple warnings and was carried out under municipal rules as part of efforts to improve tax recovery and ensure compliance among institutional property owners.Read more

Hyderabad News Desk

13 Mar 2026

The Greater Hyderabad Municipal Corporation (GHMC) has intensified enforcement against littering and illegal waste dumping across Hyderabad, issuing more than 10,000 challans and collecting penalties exceeding INR 2 crore. The fines were imposed between April and December last year as part of a sanitation enforcement drive using the Comprehensive Challan Management System (CCMS) mobile application. Civic officials used the digital platform to record violations and issue penalties for 11 categories of sanitation offences, including roadside littering, improper disposal of construction and demolition waste, and failure by commercial establishments to maintain waste bins. Daily penalties collected during the drive ranged between INR 75,000 and INR 1 lakh. The initiative forms part of a broader cleanliness programme aimed at eliminating garbage-vulnerable points and improving waste management across Hyderabad's municipal limits.Read more

13 Mar 2026

Several global banks have taken precautionary measures in the Gulf region after Iran warned it could target economic and banking interests linked to the United States and Israel. Citigroup asked employees to evacuate its offices in Dubai and shift to remote work, while Standard Chartered also began moving staff out of offices as a safety step. HSBC temporarily closed all its branches in Qatar to protect staff and customers. The developments come after missile exchanges and rising regional tensions, raising concerns about Dubai's reputation as a stable financial hub that has long attracted international banks and investors.Read more

Pune News Desk

13 Mar 2026

A joint venture between T&T Infra Ltd and Univastu India Ltd has secured a civil construction contract valued at INR 229.97 crore from Maharashtra Metro Rail Corporation Limited (Maha-Metro) for works associated with the Pune Metro Rail Project. The project covers the design and construction of a 1.123 km elevated metro viaduct along the Vanaz Chandani Chowk section of Line-2A. The scope also includes building two metro stations Kothrud Bus Depot and Chandani Chowk along with a first-level integrated double-decker flyover at the Kothrud Depot. Additional works involve constructing a foot overbridge connecting the corridor to a national highway and developing stabling lines at the Bhakti Shakti end of the PCMC Nigdi corridor. The contract will be executed through the T&T Univastu JV, with project completion scheduled within 27 months.Read more

Chennai News Desk

13 Mar 2026

Ashok Leyland has announced plans to invest between INR 400 crore and INR 500 crore to establish a new battery pack manufacturing facility at Pillaipakkam near Chennai in Tamil Nadu. The greenfield facility will support the company's electric mobility strategy and strengthen localisation of battery pack production in India. The project forms part of investment commitments made by the Hinduja Group under a memorandum of understanding signed with the Tamil Nadu government in September 2025. The plant is expected to enhance domestic EV manufacturing capability and contribute to the development of the country's electric vehicle ecosystem.Read more

13 Mar 2026

A family trust linked to Austrian real estate developer Rene Benko has filed for insolvency after being ordered to pay about USD 1 billion following arbitration rulings in favour of companies connected to Abu Dhabi's sovereign wealth fund Mubadala Investment Company. The development is another fallout of the collapse of Benko's property group Signa Holding, which entered insolvency in 2023 and triggered one of Europe's largest real estate failures. The trust, named after Benko's daughter, approached a court in Innsbruck after the arbitration decisions created financial obligations it could not meet.Read more

13 Mar 2026

The Northeast Frontier Railway is set to launch a new intercity train connecting Narangi near Guwahati in Assam with Agartala in Tripura this Friday. The service will pass through key stations such as Jagiroad, Hojai, Lumding, New Haflong, Badarpur, New Karimganj, Dharmanagar, Kumarghat and Ambassa. This initiative is expected to improve travel for passengers from Assam's Barak Valley, the hill districts, and northern Tripura. Officials have highlighted that the train will make travel more convenient, support regional mobility, and complement the existing rail network, strengthening connectivity in the Northeast.Read more

13 Mar 2026

The Competition Commission of India (CCI) has approved Cube Highways and Infrastructure V Pte. Ltd's acquisition of certain road asset businesses belonging to the Dineshchandra R. Agrawal Group. The transaction involves four special purpose vehicle companies that operate highway projects in India under concession agreements with government authorities. These projects function under toll and annuity models. Cube Highways, a foreign portfolio investor registered with the Securities and Exchange Board of India, continues to expand its presence in India's operational highway sector through acquisitions of infrastructure assets developed by construction companies.Read more

13 Mar 2026

The central government has approved 104 research and development projects worth INR 271 crore to support the development of 6G technology under the Telecom Technology Development Fund (TTDF). In a written reply in the Rajya Sabha earlier this week, Minister of State for Telecom Chandra Sekhar Pemmasani said the initiatives form part of the Bharat 6G Mission, which aims to position India among global leaders in sixth-generation telecom technology by 2030. The government had earlier released the Bharat 6G Vision Document outlining a roadmap for research, development and deployment of next-generation networks. In addition, 100 5G Use Case Labs have been established in academic institutions across the country to help students, researchers and startups develop applications and capabilities that will support future 6G networks and related digital infrastructure.Read more

13 Mar 2026

The Delhi government is moving ahead with plans to build an inter state bus terminus (ISBT) on about 20 acres of land reclaimed from the Bhalswa landfill. The project aims to improve bus connectivity from northern states and enhance passenger facilities in the city's north. The landfill is one of three major sites targeted for removal by next year. Alongside this, Delhi will induct 200 new electric buses this month, expanding its fleet to a projected 7,500 by year end. Upgrades to depots, automated testing stations, and EV charging infrastructure are also part of the city's wider transport modernization plans.Read more

13 Mar 2026

Japan-based Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) have entered into a strategic partnership to structure and finance projects for Indian and global clients. The collaboration will focus on mergers and acquisitions (M&A), real estate financing, trade finance, and retail banking solutions. The move comes after the Reserve Bank of India allowed domestic banks to fund up to 75% of corporate acquisitions starting April 1. By combining SBI's domestic presence with MUFG's global network, the partnership aims to support Japanese companies investing in India and Indian firms expanding abroad, while also exploring opportunities with mid-sized companies and MSMEs.Read more

Noida News Desk

13 Mar 2026

Noida International Airport at Jewar in Gautam Buddha Nagar district has received an aerodrome licence from the Directorate General of Civil Aviation (DGCA), marking a critical regulatory milestone ahead of the launch of scheduled commercial operations. The licence certifies that the airport's infrastructure, operational procedures, navigation systems, and safety protocols comply with national civil aviation regulations. The approval follows security vetting by the Bureau of Civil Aviation Security (BCAS) and allows the airport operator to advance preparations for passenger and cargo services. Officials indicated that the start of commercial flights will be finalised after approval of the Aerodrome Security Programme by BCAS and coordination with airlines and government authorities. Developed as a greenfield airport serving the National Capital Region and western Uttar Pradesh, the facility's first phase includes a runway and a terminal designed to handle up to 12 million passengers annually.Read more

13 Mar 2026

Eight Continents Hotels & Resorts has secured USD 7 million in its first funding round from Singapore-based investment holding firm Ionware Inc. The funding will be used to support the company's international expansion plans, strengthen its hospitality portfolio and enhance experiential offerings for guests. The group is already in the process of acquiring overseas hospitality assets, including La Barbarie in Guernsey Island and The Vincent Hotel in Southport, where the handover process is currently underway. The investment is expected to help the company expand its operational capabilities while building a stronger presence in international hospitality markets.Read more

13 Mar 2026

Dubai-based logistics major DP World reported that its flagship facility, Jebel Ali Port, continues to operate normally with no damage to infrastructure despite disruptions caused by the ongoing Iran conflict. However, inbound vessel traffic has declined as the conflict has severely affected shipping routes through the Strait of Hormuz. The situation has increased security and logistical challenges for port operators across the Gulf. DP World has implemented rerouting and mitigation measures while reporting strong financial performance and cargo volumes across its global terminal network.Read more

13 Mar 2026

Real estate developer Assotech Realty plans to invest around INR 200 crore to develop a hospitality project in Shirdi, Maharashtra, tapping into the town's growing religious tourism market. The proposed development will be built on a 2.5-acre site and will comprise 160 suites, each measuring approximately 45 square metres. Hospitality group Atmosphere Core has been appointed to operate and manage the property once completed. Company officials said the hotel is expected to become operational within about two and a half years. Shirdi, home to the revered Sai Baba temple, attracts an estimated 25 million devotees annually, creating sustained demand for organised accommodation and hospitality infrastructure. Assotech Realty, which already operates Sandal Suites in Noida through Lemon Tree Hotels, said the project forms part of its broader plan to expand hospitality developments in major pilgrimage and tourism destinations.Read more

13 Mar 2026

Logistics and sustainable infrastructure firm Cargo Matters plans to invest INR 100 crore to establish an electric vehicle manufacturing and charging hub in Andhra Pradesh following a memorandum of understanding signed with the state government. The facility is proposed in Madanapalle and will function as an integrated green freight hub supporting heavy commercial vehicle electrification. The development will include a manufacturing unit for EV chargers, a retrofit facility for converting heavy vehicles to electric powertrains and a research and development centre focused on validation and certification. Of the total planned investment, around INR 50 crore has been earmarked for charging infrastructure designed to support regional heavy-duty electric freight corridors. The company has submitted a detailed project report to the Andhra Pradesh Industrial Infrastructure Corporation seeking allocation of 18 acres of industrial land for the project.Read more

13 Mar 2026

A financial irregularity involving the Maharashtra Housing and Area Development Authority (MHADA) has come to light after investigators found that several developers failed to pay rent for transit tenements allotted during redevelopment projects in Mumbai. The unpaid dues have accumulated to around INR 121 crore over nearly 25 years. Police have registered a case against about ten developers and companies following a complaint filed by MHADA officials. The matter has now been transferred to the Economic Offences Wing for detailed investigation, with authorities examining redevelopment agreements, transit housing records, and long-pending payment obligations.Read more

13 Mar 2026

A new highway corridor connecting Indore in Madhya Pradesh with Hyderabad is progressing steadily and is expected to improve road connectivity between central and southern India. The four-lane highway forms part of the Indore Ichhapur National Highway and includes three tunnels through difficult mountainous terrain to remove dangerous ghat sections. Officials from the National Highways Authority of India recently reviewed the project and indicated that the corridor is likely to be completed by December 2026. Once operational, the route is expected to reduce travel time, improve road safety and support smoother movement of passenger and commercial vehicles.Read more

13 Mar 2026

IDBI Bank has moved ahead with plans to establish a new office in Amaravati after signing a lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA). The bank has been allotted 0.4 acres of land in Uddandarayunipalem where it plans to develop its office with an investment of about INR 50 crore. The project is expected to generate around 200 employment opportunities. Officials from IDBI Bank and APCRDA completed the agreement and registration process in the presence of senior representatives, marking another institutional investment in the developing capital region.Read more

13 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is nearing the completion of 906 rehabilitation flats for families affected by the Goregaon-Mulund Link Road (GMLR) project in Mumbai. Built across seven residential buildings at Kanjurmarg West, each unit is around 300 sq ft and includes basic living facilities. In the first phase, 252 families are expected to be relocated once construction is completed by the end of March. The project also includes community amenities such as a market, health centre, library, and sewage treatment plant to support residents.Read more

13 Mar 2026

Raymond Realty has launched a new residential development in Thane within the Mumbai Metropolitan Region (MMR), expanding its housing portfolio in one of the region's fastest-growing micro-markets. The project, named & Ten X District 9, is being developed on a 9-acre land parcel and carries an estimated revenue potential of about INR 2,000 crore. The announcement was made through a regulatory filing earlier this week. The development forms part of the company's broader strategy to strengthen its residential presence in Thane, where Raymond Realty has already established multiple projects under its integrated township framework. The company, which is part of the Raymond Group, continues to scale its real estate operations in the MMR housing market, focusing on large residential developments that cater to the growing demand for organised housing in suburban locations.Read more