32 minutes ago

Trastor Real Estate Investment Company SA has completed the sale of an underground parking property in Maroussi, Greece, for EUR 4.1 million. The transaction was completed at a price that is 18.8% higher than the property's latest independent valuation, reflecting strong investor demand for well-located income-generating real estate assets. The sale forms part of the company's ongoing portfolio management strategy, under which it regularly reviews and monetises mature assets while strengthening its investment portfolio across the Greek real estate market.Read more

1 hour ago

• Hanging advertisement hoardings, prohibited by the Madras High Court on road safety grounds, have resurfaced at several traffic signal junctions across Trichy, triggering concerns among commuters and safety activists.
• Residents and road safety experts have warned that the hoardings obstruct motorists' visibility of traffic signals, particularly at busy intersections, increasing the risk of accidents.
• Activists have urged the Trichy City Corporation and police to strictly enforce the court's order and remove unauthorised advertisements installed on signal poles.
• Civic officials said action would be initiated against violations, while road safety campaigners called for regular inspections to prevent the illegal display of hoardings.Read more

2 hours ago

India’s office market recorded a marginal 2 per cent decline in gross leasing during the first half of 2026, with leasing reaching 48 million square feet across the top eight office markets, according to Knight Frank India. While global economic and geopolitical uncertainties affected demand in some cities, leasing activity remained strong, supported by record absorption from Global Capability Centres (GCCs) and co-working operators. Rental values rose across most office markets due to lower vacancy levels, reflecting the continued strength of India’s commercial real estate sector despite a mixed performance across cities.Read more

3 hours ago

BuildwellAI has launched a compliance intelligence platform designed to help contractors, inspectors and asset owners improve documentation, inspections and regulatory compliance across construction projects in the UK. Developed specifically for the UK construction market, the platform combines artificial intelligence, computer vision and automation to create a real-time digital record of construction activity aligned with Building Safety Act requirements. Led by construction risk specialist Ben Smallwood, the company said the platform addresses compliance challenges arising from fragmented record-keeping and delayed defect detection. The launch comes as the Get It Right Initiative estimates that avoidable construction errors cost the UK industry approximately GBP 21 billion annually. BuildwellAI comprises five integrated applications covering defect detection, inspections, compliance documentation, technical assistance and regulatory updates.Read more

4 hours ago

ITC Hotels Ltd has signed a management agreement to develop Welcomhotel Mysuru, a 99-key hotel in Karnataka, expanding its footprint in South India's hospitality market. Announced in the past week, the project will be developed in partnership with M/s Sumeru Hospitality and is aimed at serving both business and leisure travellers visiting Mysuru. The hotel will feature guestrooms and suites, dining facilities, approximately 5,500 sq ft of banqueting space, a swimming pool and a fitness centre. ITC Hotels said the signing aligns with its strategy of strengthening the Welcomhotel brand across key business and tourism destinations. The company cited Mysuru's established tourism appeal, growing economic activity and connectivity with Bengaluru as key factors supporting the development of premium hospitality infrastructure in the city.Read more

6 hours ago

India's power transmission sector is expected to witness a major investment cycle over the next few years as the country expands its renewable energy capacity. However, Icra has cautioned that persistent issues such as land acquisition, right of way (RoW) disputes and regulatory approvals continue to delay project execution. Most transmission projects awarded through the tariff-based competitive bidding (TBCB) route have missed their scheduled completion timelines, affecting renewable energy evacuation and increasing the risk of power curtailment for developers.Read more

7 hours ago

India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.Read more

7 hours ago

ITC Hotels Limited has signed a management agreement for Welcomhotel by ITC Hotels Salasar, a 145-key property planned on a six-acre site in Rajasthan's pilgrimage town of Salasar. The hotel will cater to religious travellers, destination weddings, social events and leisure visitors while reflecting the region's architectural heritage. The proposed development will feature guest rooms, banquet facilities, dining outlets and wellness amenities. The agreement expands ITC Hotels' presence in Rajasthan and supports its strategy of growing its branded hospitality portfolio in destinations with increasing tourism and pilgrimage demand.Read more

8 hours ago

The National Institute of Construction Management and Research (NICMAR) concluded the inaugural Bharat Nav-Nirmaan Challenge 2025–26 with its National Grand Finale in Mumbai, bringing together finalists from IIT Delhi, Maturi Venkata Subba Rao Engineering College and Pimpri Chinchwad College of Engineering. The nationwide infrastructure innovation competition, supported by the All India Council for Technical Education (AICTE), engaged more than 20,000 students from over 500 institutions. Pimpri Chinchwad College of Engineering secured the national title and a prize package valued at INR 30 lakh. The event also featured an Industry-Academia Conclave focusing on collaboration, technology adoption and talent development to support India's infrastructure sector and the long-term vision of Viksit Bharat 2047.Read more

9 hours ago

Indian Potash Limited (IPL) and UPL Sustainable Agri Solutions Limited (UPL SAS) have entered into a three-year collaboration to improve sugarcane productivity and sustainability in the catchment area of IPL's Kodinar Sugar Mill in Gujarat. The programme will cover around 2,000 acres of cultivation, introducing regenerative agriculture, advanced agronomy, crop protection, digital monitoring and farmer capacity-building initiatives. The partners aim to increase sugarcane yields by at least 15% while improving resource efficiency, farmer incomes and climate resilience. The initiative will also deploy digital platforms to monitor interventions and strengthen farmer engagement, supporting sustainability objectives across the sugar value chain.Read more

9 hours ago

Kuwait Real Estate Co has exited the 501 First Residences residential project in Miami, ending its partnership with Commercial Real Estate Co and Aria Development Group. The company disclosed the development without revealing the financial terms or the reasons behind its exit. The project, located in downtown Miami, is a high-rise residential development designed to cater to investors and buyers seeking flexible ownership options. The move comes after the project reached an advanced stage, with reports indicating strong sales momentum in the development.Read more

10 hours ago

Housr has introduced a zero-deposit rental model for residents across India through a partnership with fintech platform CirclePe, aiming to reduce the upfront financial burden associated with renting. The offering has been integrated into Housr's resident management application, allowing tenants to move into its co-living properties without paying a conventional security deposit. Instead, residents can opt for a monthly payment model supported by CirclePe's financing platform. The initiative comes as India's co-living sector continues to expand, with industry estimates projecting the market to reach INR 200 billion by 2030. The company said the move is intended to make premium rental accommodation more financially accessible and simplify the move-in process.Read more

10 hours ago

Kutch's expanding transport network is reshaping how visitors experience one of Gujarat's most diverse regions. Improved highways, railway upgrades, airport modernisation and tourism infrastructure are strengthening access to archaeological sites, coastal towns, ports and artisan villages beyond the White Rann. During FY2025-26, infrastructure projects, heritage conservation and hospitality investments continued to improve regional connectivity, supporting tourism, trade and local businesses while preserving the landscapes and cultural traditions that define Kutch.Read more

11 hours ago

Beyond Squarefeet has appointed Chartered Accountant Himesh Vasani as Assistant Vice President – Leasing as the shopping mall advisory and management firm expands its retail real estate portfolio across India. Vasani brings more than 28 years of professional experience, including a 19-year tenure at Reliance Retail, where he was involved in real estate acquisitions and retail expansion initiatives. In his new role, he will lead leasing strategies, strengthen relationships with developers and retailers, and support the company's advisory and leasing operations. The appointment reflects Beyond Squarefeet's focus on strengthening its leadership team amid growing demand for organised retail and mixed-use developments.Read more

11 hours ago

Swiss hospital real estate company Infracore made its debut on the Swiss stock exchange, but its shares slipped below the initial public offering (IPO) price during early trading. The company opened at its offer price before declining by around 1.5%, reducing its market valuation. The IPO comprised both newly issued shares and shares sold by an existing shareholder. Infracore plans to use the fresh capital to expand its healthcare real estate portfolio and repay shareholder loans, while its key shareholders will continue to hold significant stakes in the company.Read more

12 hours ago

India's residential market has entered a more stable phase, but the economics of home construction continues to evolve. Rising material costs, increasing labour expenses, higher quality standards and expanding infrastructure are steadily influencing the pricing of new housing projects. Rather than focusing solely on market timing, prospective homebuyers should consider the long-term implications of construction cost inflation on future affordability. As developers adapt to changing market dynamics and consumer expectations, understanding these structural shifts has become essential for making informed property investment decisions.Read more

12 hours ago

Construction has resumed at the 9-acre Majaswadi Sarvodayanagar redevelopment project in Jogeshwari East after the final occupants vacated the site, ending a 17-year delay that had stalled the MHADA redevelopment scheme. The project, comprising 576 MHADA tenements, was previously undertaken by Acme Realties before insolvency proceedings halted development. Following approval by the National Company Law Tribunal (NCLT), Mantra Group assumed responsibility for completing the redevelopment, including homes for remaining tenants and two partially completed sale towers. The company has also secured an investment of INR 340 crore from ASK Property Fund to support the project's revival, with construction now underway across the fully cleared site.Read more

14 hours ago

Aramex has honoured Percy Avari, General Manager – India, as he concludes a 29-year career with the global logistics company. Having joined the organisation in 1997 as Financial Controller, Avari held several leadership roles and played a key role in expanding Aramex's operations across India, including international express, freight forwarding, domestic distribution and supply chain services. He also contributed to the growth of the company's cross-border e-commerce offering, Shop & Ship, and represented the logistics industry through various sector forums. Avari has indicated that he intends to explore opportunities within the start-up ecosystem following his departure from corporate leadership.Read more

15 hours ago

The Mussoorie Dehradun Development Authority (MDDA) has opened public consultation for the draft Dehradun Master Plan 2041, inviting suggestions and objections from residents and stakeholders before the plan is finalised. The revised blueprint focuses on planned urban expansion, transport infrastructure, environmental conservation, affordable housing, and balanced land use to accommodate future population growth. Citizens can review the draft online and at designated offices, with the feedback process expected to shape the city's long-term development strategy.Read more

16 hours ago

Karyan Group has launched Trevana Residences opposite Wave City on the NH-24 corridor in Ghaziabad, reinforcing the area's growing position as a premium residential destination within the National Capital Region (NCR). The project comprises 3 BHK and 4 BHK residences and features a range of lifestyle amenities, including a 45,000 sq ft clubhouse, sports facilities, indoor and outdoor swimming pools, fitness centres and landscaped green spaces. The development comes amid improving connectivity along NH-24, supported by road infrastructure upgrades, proposed metro expansion and proximity to commercial hubs in Delhi and Noida. With a projected investment of INR 900 crore and an estimated revenue potential of INR 1,500 crore, the project reflects increasing developer confidence in Ghaziabad's premium housing market.Read more

17 hours ago

Ekter Building Real Estate Hotel Commercial Industrial SA has secured a EUR 8.8 million contract with Democritus University of Thrace to complete facilities for its medical school. The project is scheduled to be completed within 24 months and adds to the company's growing order book. Following the agreement, Ekter's total backlog of public and private sector projects has increased to EUR 211.8 million. The contract strengthens the company's presence in public infrastructure projects, particularly in the education sector, while supporting its long-term project pipeline.Read more

18 hours ago

Enlite, a Mumbai-based deep-tech company specialising in intelligent infrastructure systems, has secured its second Indian patent for a cloud-based configuration system designed for building management controllers. Announced on 7 July, the patent covers a centralised framework that enables remote configuration, testing and deployment of controllers, replacing conventional site-based processes. The technology is intended to simplify commissioning and operation of intelligent buildings by reducing manual intervention, shortening deployment timelines and supporting consistent management across multiple locations. It also incorporates remote maintenance, version control and real-time synchronisation, making it suitable for commercial buildings, airports, hospitals, educational institutions, hospitality assets, industrial facilities and data centres.Read more

Mumbai News Desk

19 hours ago

• The Maharashtra government has submitted a INR 13,000-crore integrated flood-control plan to the Centre to tackle Mumbai's recurring monsoon flooding and improve the city's long-term climate resilience.
• The proposed project aims to address 370 chronic flooding hotspots, with the objective of draining accumulated rainwater within 30 minutes, even during periods of high tide.
• The plan includes major upgrades to the stormwater drainage network, advanced flood management systems and infrastructure interventions to reduce waterlogging across the city.
• Chief Minister Devendra Fadnavis said the project forms part of a broader strategy to strengthen Mumbai's urban infrastructure and improve resilience against increasingly intense rainfall events.Read more

20 hours ago

Renewables Infrastructure Group has signed a share purchase agreement to divest its 17.5% stake in the Beatrice Offshore Wind Farm for GBP 155 million. The transaction is expected to be completed before the end of the year, subject to customary closing conditions. The sale forms part of the company's ongoing portfolio management strategy, under which it periodically recycles capital through asset disposals. Beatrice is one of the UK's major offshore wind projects and has been a key renewable energy asset in the company's investment portfolio.Read more

21 hours ago

Navi Mumbai Mayor Sujata Patil visited two recent building accident sites and several monsoon-affected locations across the city in the past week to review the civic response and direct officials to expedite safety and relief measures. The inspection covered the Avighna Society building in Shahbaz Belapur, where a balcony slab collapsed, and Geeta Apartment in Juhugaon, Vashi, where a falling external slab claimed one life. The mayor also assessed waterlogging near Mahape MIDC and drainage works along the Thane-Belapur Road. During the field visit, officials were instructed to accelerate structural assessments, remove hazardous portions of damaged buildings, improve drainage, clear fallen trees and strengthen emergency response efforts amid continuing heavy rainfall.Read more

22 hours ago

The Bengaluru Commercial Court has returned a suit filed by Singapore-based Lee Kim Tah against two nominee directors of L&W Constructions Private Limited, ruling that the matter does not qualify as a commercial dispute under the Commercial Courts Act. The case centres on alleged breaches of directors' fiduciary duties in the governance of the joint venture with Woh Hup Holdings. The order also cautioned the plaintiff on reporting court proceedings in the media. The ruling could influence how governance-related disputes in cross-border joint ventures are handled in India.Read more

Mumbai News Desk

10 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved an Occupation Certificate (OC) amnesty scheme for eligible buildings occupied before November 17, 2016, providing relief to thousands of residents living in long-pending projects.
• The scheme aims to regularise buildings that missed obtaining OCs due to procedural lapses, minor deviations or pending compliances, while excluding unauthorised constructions.
• Housing societies, schools and hospitals meeting the eligibility criteria will be able to apply after paying prescribed charges and complying with specified conditions.
• The proposal now awaits the final administrative process before implementation and is expected to reduce legal uncertainties faced by affected property owners.Read more

10 Jul 2026

An Air India flight bound for Delhi aborted its take-off at Mumbai airport after air traffic control instructed the crew to stop when an Air India Express aircraft had not yet vacated the same runway following its arrival from Siliguri. The incident occurred at around 10 pm in the past week and involved a Boeing 777-300ER operated by Air India and a Boeing 737 MAX 8 operated by Air India Express. The airline said the crew followed air traffic control instructions and returned the aircraft to the bay for mandatory checks in line with standard operating procedures. Alternative arrangements were initiated for passengers, while further details, including the number of people on board both aircraft, were not immediately available.Read more

10 Jul 2026

Chandigarh Power Distribution Limited (CPDL) has advised residential and commercial electricity consumers to review their sanctioned electricity load and increase it if their actual power consumption has risen. The utility said the growing use of appliances such as air conditioners, electric vehicle chargers and induction cooktops has widened the gap between sanctioned and actual load for many consumers. It warned that exceeding the approved load may lead to penalty charges under existing regulations, while also affecting electrical safety and placing additional pressure on the city's power distribution network.Read more

10 Jul 2026

Heavy rainfall accompanied by thunderstorms has disrupted transport services across Mumbai, delaying suburban trains, affecting long-distance rail operations and causing traffic congestion across several parts of the city. The intense monsoon spell has also led to Tulsi and Vihar lakes overflowing after receiving substantial inflows, improving Mumbai's drinking water reserves. Waterlogging in sections of the rail network and earlier landslides on the Mumbai–Pune corridor continued to affect connectivity, while the India Meteorological Department forecast further rainfall across the city and suburbs, prompting authorities to remain on alert.Read more

10 Jul 2026

Swedish real estate company Eastnine reported a decline in its first-half profit from property management and net income, mainly due to higher vacancy levels at the beginning of the year and operational changes. Despite the weaker earnings, rental income remained stable, supported by growth in its comparable property portfolio. The company also announced the acquisition of a major office property in Warsaw for EUR 300 million, a transaction expected to strengthen its earnings and expand its presence in the Polish market once completed later this year.Read more

10 Jul 2026

Eight children were killed and five others injured after heavy monsoon rains triggered a landslide at a madrassa in a Rohingya refugee camp in Cox's Bazar, southeastern Bangladesh. The incident occurred in the past week after days of continuous rainfall caused mud and debris to engulf the religious school. Rescue teams recovered 13 children from the site, with eight succumbing to their injuries and the remaining five receiving treatment at hospitals within the refugee camps. The tragedy follows separate rain-induced landslides earlier in the week that claimed eight more lives in the camps. Authorities have continued relocating families from high-risk areas as forecasts indicate further rainfall, raising concerns over additional landslides and flash floods.Read more

Chennai News Desk

10 Jul 2026

Paying guest (PG) accommodation across Chennai and Tambaram has become significantly more expensive as operators raise rents and introduce separate food charges in response to rising commercial LPG prices, higher grocery costs and increasing operational expenses. Monthly rents have increased by up to 35%, affecting thousands of students and working professionals who rely on shared accommodation. PG operators say the hike is necessary to offset sustained increases in fuel, labour and maintenance costs, while residents have expressed concern over the growing cost of living and the affordability of budget housing in the city.Read more

10 Jul 2026

• Residents across several parts of Vasai-Virar staged road blockades after enduring over 40 hours without electricity, as heavy rainfall disrupted power supply, drinking water and communication services.
• Flooding left thousands stranded, with many localities facing severe waterlogging, disrupted rail and road connectivity, and shortages of essential supplies.
• Protesters demanded immediate restoration of electricity and questioned the preparedness of civic authorities and power utilities to handle recurring monsoon emergencies.
• Officials said restoration work was underway, but persistent flooding and submerged electrical infrastructure slowed repair operations.Read more

10 Jul 2026

The Nuvama and Cushman & Wakefield (NCW) PRIME Offices Fund has achieved its final close at INR 4,000 crore, marking one of India's largest domestic office-focused real estate funds. Backed by institutional and high-net-worth investors, the fund will invest in Grade A commercial office assets across key Indian cities, targeting value creation through acquisitions, development and asset management. The successful fundraise reflects sustained investor confidence in India's office real estate sector, driven by robust leasing demand, the expansion of Global Capability Centres (GCCs) and long-term growth prospects for premium commercial assets.Read more

10 Jul 2026

Norway's sovereign wealth fund has entered into a strategic partnership with US-based retail real estate investment firm Asana Partners, marking another major investment in the country's commercial property market. Under the agreement, the fund has acquired a 49% stake and committed USD 500 million in equity. The partnership will focus on investing in open-air shopping centres and street retail assets across the United States. The transaction reflects NBIM's continued strategy of expanding its global real estate portfolio through long-term partnerships with experienced local operators.Read more

10 Jul 2026

The Maharashtra government has said the first phase of the Dharavi Redevelopment Project is expected to deliver around 10,000 homes within the next 18 months, with rehabilitation of eligible residents remaining central to the initiative. Speaking in the State Legislative Assembly in the past week, Chief Minister Devendra Fadnavis described the project as an economic transformation programme extending beyond housing. Covering nearly 95 million sq ft of planned development, the redevelopment seeks to integrate housing, employment and commercial activity while retaining Dharavi's informal economy. The government also outlined wider urban renewal measures, including 19 cluster redevelopment projects across Mumbai, a target of constructing 7.8 lakh homes in the Mumbai Metropolitan Region by 2030, transport upgrades, parking infrastructure, healthcare expansion and digital governance initiatives.Read more

10 Jul 2026

Amazon Seller Services has leased more than 4.17 lakh sq ft of warehousing space in Bhiwandi, near Mumbai, under a long-term agreement valued at around INR 162 crore. The transaction underscores sustained demand for Grade A logistics assets in the Mumbai Metropolitan Region, driven by e-commerce expansion and supply chain optimisation. Industry experts say the deal highlights Bhiwandi's strategic importance as a warehousing hub, supported by strong connectivity, modern infrastructure, and its proximity to Mumbai's key consumption centres.Read more

10 Jul 2026

Real estate investment platform Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has achieved the final close of its PRIME Offices Fund at approximately INR 4,000 crore, exceeding its initial target of INR 3,000 crore following strong investor demand. The fund, launched to provide Indian investors with access to institutional-grade commercial office assets, has already committed around 45% of its capital across office properties in major cities. According to NCW, the fund has built a portfolio of nearly 4 million sq ft of premium office space since its launch. The company attributed investor interest to continued demand for high-quality office assets, supported by the expansion of Global Capability Centres (GCCs) and sustained growth in India's commercial real estate market.Read more

10 Jul 2026

The Enforcement Directorate (ED) has carried out searches at multiple locations across Delhi-NCR as part of a money laundering investigation linked to alleged fraud involving homebuyers under subvention schemes. The action, conducted in the past week, covered at least five premises associated with CHD Developers Ltd., Ninex Developers Ltd. and Manju J Homes (India) Ltd. The investigation stems from three FIRs registered by the Central Bureau of Investigation (CBI) in 2025 on the directions of the Supreme Court. Investigators have alleged that developers collected housing loan funds from buyers under 'no EMI till possession' schemes but failed to hand over flats over several years, while diverting the funds to other projects and purposes in violation of the Prevention of Money Laundering Act (PMLA).Read more

10 Jul 2026

Mumbai-based Lloyds Realty Developers Ltd has introduced a refreshed brand identity as part of its next phase of growth, supported by a project portfolio valued at over INR 23,500 crore and a planned development pipeline exceeding INR 10,000 crore across nine Mumbai micro-markets over the next eight years. The rebranding includes a new monochromatic visual identity and the adoption of the brand philosophy, "Building Soulful Spaces", replacing its earlier positioning. The company said the refreshed identity reflects its focus on premium developments while retaining its existing values and corporate legacy. Lloyds Realty has delivered more than 3 million sq ft of real estate and currently has approximately 14 million sq ft under development. The new branding will be implemented across customer, marketing and corporate touchpoints.Read more

10 Jul 2026

Besqab has completed sales at its Hertha residential development in Danderyd after selling the final apartment in the 76-unit project. The project, located at Invernesshöjden, was completed on schedule and marks another milestone for the Swedish residential developer. The apartments were designed with long-term letting rights, attracting a broader buyer base, including parents purchasing homes for future family use. The sell-out follows a series of project completions and launches by Besqab as the company continues to expand its residential portfolio across Sweden.Read more

10 Jul 2026

Economists at the country's largest lender, SBI, have recommended a comprehensive review of India's Priority Sector Lending (PSL) framework, arguing that infrastructure loans should be brought under the mandatory lending requirements or excluded from PSL calculations. The recommendations, outlined in a paper released in the past week, cite a sharp rise in trading of Priority Sector Lending Certificates (PSLCs), which reached INR 12.2 lakh crore in FY25 from INR 1.8 lakh crore in FY18, indicating structural challenges in meeting PSL obligations. The paper also proposes higher PSL limits for housing, education and renewable energy loans to reflect rising costs and investment requirements. The suggestions are aimed at improving credit allocation while supporting the country's long-term infrastructure and development priorities.Read more

10 Jul 2026

Punjab & Sind Bank has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) at GIFT City in Gandhinagar, strengthening its international banking presence. The upcoming unit will offer offshore banking services, including foreign currency banking and trade finance, to corporates, financial institutions, importers and global investors. The move aligns with the government's efforts to position GIFT IFSC as a global financial hub while enabling the bank to expand its international business and cross-border banking operations.Read more

10 Jul 2026

• Tamil Nadu will make its 'Anywhere Registration' facility mandatory for the first sale of plots and flats by builders and developers from August 17, eliminating the need to visit sub-registrar offices.
• The digital system will allow end-to-end online registration, including document upload, Aadhaar-based biometric verification, fee payment and issuance of registered documents.
• The initiative aims to reduce footfall at registration offices, speed up property transactions and improve transparency in the registration process.
• Authorities expect the platform to streamline registrations while improving service delivery and balancing workloads across sub-registrar offices.Read more

10 Jul 2026

Vistry, the UK's largest affordable housing builder, expects to post a pre-tax loss of GBP 30 million (USD 40.06 million) for the first half of FY2026 as it continues to deal with weak housing demand and a slower construction pace. The company also announced that Chief Financial Officer Tim Lawlor will leave later this year to join a privately owned business in another sector. Despite the expected first-half loss, Vistry has maintained its full-year adjusted profit guidance of GBP 200 million, in line with market expectations, while continuing a strategic review under its new CEO.Read more

10 Jul 2026

The Central Bureau of Investigation (CBI) has filed its first chargesheet in the alleged Reliance Commercial Finance Limited (RCFL) bank fraud case, accusing five former senior executives of criminal conspiracy and cheating in connection with the diversion of borrowed funds. The chargesheet, submitted before a special court in Mumbai in the past week, also names Reliance Infrastructure Ltd and Reliance Home Finance Limited (RHFL) as accused entities. According to the CBI, the alleged diversion of funds caused a wrongful loss of INR 4,097 crore to a consortium of 13 public sector banks. The agency stated that the investigation remains ongoing into the roles of additional directors, entities and public servants, with supplementary chargesheets expected as the probe into the wider financial transactions continues.Read more

10 Jul 2026

The Gujarat government has begun work on a comprehensive electric vehicle (EV) charging station policy to strengthen charging infrastructure and support the state's transition towards cleaner mobility. The proposal was discussed during a state cabinet meeting, where Chief Minister Bhupendra Patel directed officials to prepare the policy. The initiative aims to improve the availability of EV charging stations, promote the use of electric vehicles, and encourage the adoption of green energy. It is expected to complement Gujarat's ongoing efforts to expand sustainable transport infrastructure.Read more

10 Jul 2026

InCred Alternative Investments has led an INR 230 crore funding round in Adage Automation, with its private equity platform contributing INR 180 crore. The investment also saw participation from Global South Capital and Prachetas Capital. The fresh capital will be used to strengthen the company's AI-driven industrial technologies, engineering capabilities, manufacturing capacity and international operations. Adage Automation also plans to expand its presence across key global markets while enhancing digital solutions that improve efficiency, predictive maintenance, regulatory compliance and sustainability for process industries.Read more

10 Jul 2026

The Pune Metropolitan Region Development Authority (PMRDA) will prepare a structural development plan to guide the Pune Metropolitan Region's growth over the next two decades, with a focus on infrastructure, transport and decentralised economic development. Speaking at the PROP CONNECT 2026 real estate conference in the past week, PMRDA Commissioner Dr Abhijit Chaudhari said the draft plan would be prepared shortly and finalised within 18 months. The proposed roadmap includes the development of 18 Growth Centres under initiatives of NITI Aayog and the Maharashtra government, alongside major transport projects such as Metro Line 3, the regional ring road and the proposed international airport. PMRDA said the strategy will initially prioritise infrastructure planning before land-use zoning, while supporting balanced urban expansion, employment generation and improved regional connectivity.Read more