2 minutes ago

The Karnataka High Court has permitted the Bangalore Development Authority (BDA) to invite applications for residential sites in the Shivarama Karanth Layout while restraining it from making allotments until further orders. The interim relief comes amid ongoing litigation over land acquisition for the project. The court observed that allowing applications would not prejudice the legal proceedings, while delaying the exercise could impose a significant financial burden on the BDA, which has already invested heavily in developing the layout.Read more

32 minutes ago

ACME Solar Holdings has secured long-term project financing of INR 2,646.64 crore from REC Limited for its 450 MW/1,800 MWh Firm and Dispatchable Renewable Energy (FDRE) project. The funding will support the project's development and construction, with REC acting as the sole lender for 20 years. The project, backed by a 25-year power purchase agreement with SJVN Limited, combines solar power with battery energy storage to deliver reliable peak power and strengthen India's clean energy infrastructure.Read more

1 hour ago

Wereldhave Belgium reported a strong financial performance for the first half of 2026, with net rental income rising 18.9% year-on-year to EUR 43.6 million. The company maintained its full-year earnings guidance and continued to expect net results from core activities in the range of EUR 5.20 to EUR 5.30 per share. While the portfolio remained well occupied with an EPRA occupancy rate of 96.7%, it saw a slight decline from the previous period. Net asset value per share also eased during the half year, reflecting portfolio valuation movements despite continued operational growth.Read more

20 Jul 2026

The Andhra Pradesh government has notified the Common Zoning Regulations, 2026, introducing a uniform land-use framework to simplify urban planning and accelerate development approvals across the state. The regulations replace multiple legacy zoning systems with nine standard land-use categories and adopt a zone-wise negative-list approach, under which activities are permitted unless specifically prohibited. Applicable to Master Plans, Zonal Development Plans and General Town Planning Schemes, the new framework excludes the Capital City area. The government expects the reforms to reduce regulatory ambiguity, improve consistency in planning decisions and facilitate faster digital processing of development applications through the Online Building Permission System.Read more

20 Jul 2026

• DMIC Integrated Industrial Township Greater Noida Limited (DMIC-IITGNL) has issued fresh tenders for infrastructure works valued at approximately INR 5,881 crore.
• The project forms part of the Delhi-Mumbai Industrial Corridor (DMIC) programme and aims to accelerate industrial and urban infrastructure development in the region.
• The proposed works include roads, utility networks, water supply, drainage and other essential civic infrastructure.
• The fresh bidding process is expected to attract qualified engineering and construction firms while advancing the township's next phase of development.Read more

20 Jul 2026

The Chhattisgarh Economic Offences Wing (EOW) has filed a chargesheet in connection with an alleged INR 104 crore housing loan fraud, marking a significant development in its investigation into the misuse of housing finance. The agency has also arrested a retired seed manager for his alleged role in the case. According to investigators, the fraud involved the fraudulent sanction and disbursal of housing loans through forged documents and irregular approvals, allegedly with the involvement of multiple individuals, including bank officials and government employees. The EOW said the investigation is continuing to identify other accused, trace the flow of funds and recover the defrauded amount.Read more

20 Jul 2026

Madhya Pradesh has launched its first state-supported international flight service with a direct Air India Express connection between Indore and Abu Dhabi. Backed by the state's Civil Aviation Policy 2025, the route aims to improve connectivity with the UAE while supporting trade, investment and tourism. The service is expected to reduce travel time and lower airfares through Viability Gap Funding provided by the state government. The launch is also part of Madhya Pradesh's broader strategy to expand airport infrastructure and strengthen regional and international air connectivity.Read more

20 Jul 2026

Supermarket Income REIT has launched a retail share offer, allowing eligible investors in the UK to participate with a minimum investment of GBP 250. The offer is being conducted alongside institutional fundraising and forms part of the company's broader capital-raising exercise. The proceeds are expected to support the acquisition of supermarket assets across the UK, strengthening its grocery-focused real estate portfolio. The retail offer is available through the RetailBook platform and remains subject to shareholder approval and regulatory requirements before the new shares are admitted to trading.Read more

20 Jul 2026

The Maharashtra State Road Transport Corporation (MSRTC) has revised bus fares across its network after receiving approval from the State Transport Authority. The increase has been attributed to higher diesel prices, rising employee-related expenses and increased maintenance costs. The revised fares came into effect from midnight earlier this week and apply across different categories of buses, with ordinary services witnessing a 13.56 per cent hike. Along with the fare revision, MSRTC has also withdrawn the seasonal surcharge on ordinary buses, a move expected to partly offset the impact on passengers.Read more

20 Jul 2026

Gujarat has secured the top position in NITI Aayog’s Investment Friendliness Index for states and Union Territories, followed by Maharashtra and Tamil Nadu. The assessment highlights Gujarat’s strong performance in infrastructure, financial health and regulatory ease, making it the highest-ranked state for attracting investments. While releasing the report, NITI Aayog Vice Chairman Ashok Kumar Lahiri said India needs to increase investments to support economic growth and strengthen demand. The index is aimed at helping states improve their investment ecosystem and competitiveness.Read more

20 Jul 2026

Prestige Estates Projects Ltd launched three residential projects and one commercial development during the April–June quarter of FY2026–27, adding over 20 million sq ft of developable area to its portfolio. The three housing projects in Hyderabad, Bengaluru and Mumbai have an estimated revenue potential of INR 12,000 crore. Despite a 46% year-on-year decline in quarterly sales bookings due to a high base from the previous year, the Bengaluru-based developer remains focused on expansion, with a pipeline of marquee residential launches planned across Mumbai, NCR, Bengaluru and Chennai during the festive season. The company has also retained its annual pre-sales guidance of INR 35,000–36,000 crore.Read more

20 Jul 2026

India witnessed a sharp slowdown in both investment activity and residential housing demand during the June quarter, with new project announcements falling to their lowest level in nearly two decades, according to Centre for Monitoring Indian Economy (CMIE) data. At the same time, home sales across the country’s eight largest cities declined to a three-year low amid geopolitical tensions, high property prices and cautious buyer sentiment. While government-backed infrastructure projects continued, private sector investment remained subdued, signalling a broader moderation in economic and real estate activity.Read more

20 Jul 2026

Hatten Land Ltd has received approval from the Singapore High Court for its proposed Scheme of Arrangement with creditors, marking an important step in the company's debt restructuring process. The court's approval allows the developer to move ahead with implementing the scheme in accordance with Singapore's restructuring framework. A Scheme of Arrangement is a court-supervised process that enables financially stressed companies to restructure their liabilities while continuing operations. The approval follows the company's efforts to reorganise its financial obligations and work towards long-term stability.Read more

20 Jul 2026

The Central Bureau of Investigation (CBI) has carried out searches at six locations across four states in connection with an alleged INR 1,109 crore bank fraud involving Bhubaneswar-based Gupta Power Infrastructure Ltd. The agency alleges that the company secured higher credit facilities from Canara Bank by manipulating financial records, inflating stock values and trade receivables, and diverting loan funds. Searches were conducted at the company's offices, manufacturing units and the residential premises of its directors as part of the ongoing investigation into the alleged financial irregularities.Read more

20 Jul 2026

Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth around INR 14,700 crore in Haryana, covering roads, railways, healthcare and cultural infrastructure. The initiatives include key highway projects, an elevated railway track, new government medical institutions and the launch of India's first hydrogen-powered train between Jind and Sonipat. The projects are aimed at improving regional connectivity, strengthening public infrastructure, promoting sustainable transport and supporting economic development across the state.Read more

20 Jul 2026

The Grand Cliff Resort in Munnar has received the Government of India's 5-star classification after undergoing a detailed evaluation of its facilities, service standards, operations, sustainability practices and guest experience. The recognition places the property among Kerala's highest-rated hospitality destinations. Along with its luxury offerings, the resort has also focused on responsible tourism, gender-inclusive initiatives, environmental conservation and community development. It has hosted international events and dignitaries, while continuing to promote sustainable tourism and local cultural preservation in the Munnar region.Read more

20 Jul 2026

• The Delhi government has initiated an investigation into alleged irregularities involving building plans approved by the Municipal Corporation of Delhi (MCD) without mandatory Infrastructure Charges (IFC) payments.
• The inquiry follows concerns that several approvals may have been granted despite pending payments, potentially involving financial implications estimated at around INR 2,000 crore.
• The government is examining approval records, payment compliance and the role of officials involved in the clearance process.
• Authorities have indicated that buildings found to have violated applicable norms may face regulatory action, including possible sealing proceedings.Read more

20 Jul 2026

Kolte-Patil Developers reported sales bookings of INR 617 crore during the April–June quarter of FY2026–27, broadly unchanged from the corresponding period a year earlier, reflecting stable demand across its residential portfolio. While pre-sales remained flat, the company recorded a 29% increase in average sales realisation to INR 9,442 per sq ft, supported by strategic price revisions and a greater contribution from Mumbai projects. The developer also launched 0.78 million sq ft during the quarter and reported a 30% rise in customer collections to INR 715 crore, indicating continued execution across its ongoing developments. Mumbai accounted for nearly one-third of the quarter's sales value, highlighting its increasing significance within the company's portfolio.Read more

20 Jul 2026

National Real Estate Company KPSC has approved the execution of a memorandum of understanding (MoU) for the sale of two land plots in Abu Dhabi. The proposed transaction has a total purchase consideration of AED 400 million and marks a significant asset monetisation move by the Kuwait-based real estate company. While the company has not disclosed details such as the buyer, the exact location of the land plots or the expected completion timeline, the deal is subject to the execution of the MoU and any required approvals.Read more

20 Jul 2026

Tata Consultancy Services (TCS) has expanded its artificial intelligence innovation network by launching a Gemini Experience Centre in Kolkata in partnership with Google Cloud. The facility is the company's third such centre in India and is designed to help consumer-focused businesses develop and deploy AI solutions. The centre will cater to sectors including retail, consumer packaged goods, travel, tourism and hospitality. TCS also plans to establish 10 Gemini Experience Centres globally by the end of 2026, with four of them located in India, as part of its broader AI expansion strategy.Read more

20 Jul 2026

India's primary market is set for another active week with four public issues scheduled to open for subscription, including the INR 5,000 crore Infrastructure Investment Trust (InvIT) issue of Cube Highways Trust and the initial public offerings of Indo MIM, Lohia Corp and Xtranet Technologies. The issues are expected to attract investor interest across infrastructure, manufacturing and technology sectors. Cube Highways Trust has already secured INR 1,250 crore from strategic investors ahead of its public issue, while the three IPOs collectively represent fundraising across precision engineering, technical textiles and information technology. So far this year, 32 companies have entered the primary market through maiden public offerings, with another IPO currently open for subscription.Read more

20 Jul 2026

Residents of Balkum, Kolshet and Dhokali in Thane staged a protest against Amazon's proposed 53-acre data centre, citing concerns over water consumption, electricity demand, noise pollution and environmental impact. The demonstrators alleged that the facility could affect nearby residential neighbourhoods, schools and hospitals and claimed discussions with civic authorities and Amazon had not resolved their concerns. Amazon rejected the allegations, stating that the project complies with all environmental regulations and will operate using a dedicated high-voltage power substation rather than the local electricity grid. The company also said the facility would not use community drinking water for cooling and that compensatory plantation is being undertaken for trees removed from the site.Read more

20 Jul 2026

A landslide in Pengshui county of Chongqing in south-western China has claimed eight lives, while 34 people remain missing despite ongoing search and rescue operations. The incident occurred during the evacuation of residents after local authorities detected signs of slope instability. The landslide destroyed several residential buildings and forced the evacuation of more than 1,000 people from surrounding areas. Chinese President Xi Jinping has directed authorities to intensify rescue efforts and investigate the cause of the disaster. Emergency response teams, firefighters and rescue personnel have been deployed as operations continue.Read more

20 Jul 2026

• Prime Minister Narendra Modi will visit Haryana, Chandigarh and Punjab on July 17 to launch and inaugurate development projects worth around INR 25,000 crore, spanning railways, highways, healthcare, education and urban infrastructure.
• The Prime Minister will flag off India's first hydrogen-powered passenger train between Jind and Sonipat, making India one of the few countries to operate hydrogen-powered rail services using indigenous technology.
• The visit will also include the inauguration and foundation laying of major expressways, highways, hospitals, railway stations and educational infrastructure aimed at improving connectivity and public services across the three states.
• Among the key projects are the Delhi-Amritsar-Katra Expressway, 75 redeveloped Amrit Bharat railway stations, new rail lines, advanced healthcare facilities at PGIMER Chandigarh, and multiple National Highway projects.Read more

20 Jul 2026

• Indian Railways will launch its first indigenous hydrogen-powered train on 17 July 2026, with operations commencing on the Jind–Sonipat section of Northern Railway, marking a significant milestone in the country's transition towards sustainable rail transport.
• Powered by a 1,200 kW hydrogen fuel cell propulsion system, the 10-coach train can accommodate around 2,600 passengers and generates electricity onboard using hydrogen, producing only water vapour and heat as by-products.
• Supporting the project is India's largest railway hydrogen storage and refuelling facility at Jind, capable of storing nearly 3,000 kg of hydrogen, along with dedicated safety, monitoring and maintenance infrastructure.
• The pilot project aligns with the National Green Hydrogen Mission, promoting clean mobility, indigenous technology and reduced dependence on fossil fuels while laying the foundation for wider adoption of hydrogen-powered trains.Read more

20 Jul 2026

• L&T Realty has acquired a 2.5-acre land parcel in Central Delhi for around INR 200 crore, marking its entry into one of the capital's most premium residential micro-markets.
• The company plans to develop a luxury housing project on the site, targeting the growing demand for high-end residences in central parts of Delhi.
• The acquisition strengthens L&T Realty's presence in North India and expands its portfolio beyond its established markets of Mumbai, Bengaluru and Chennai.
• The project is expected to capitalise on limited land availability and strong buyer demand for premium homes in central Delhi.Read more

20 Jul 2026

• A tower crane collapsed from the 13th floor of an under-construction high-rise in Mira Road, Mumbai Metropolitan Region, resulting in one fatality and injuries to three people.
• The crane fell into the parking area of a residential complex, crushing several parked vehicles and triggering a large-scale rescue operation.
• Police, fire brigade personnel and emergency responders reached the site soon after the incident and shifted the injured to hospital.
• Authorities have launched an investigation to determine the cause of the collapse and assess compliance with construction safety norms.Read more

20 Jul 2026

India's expanding cities have created an unusual phenomenon where a single locality, road or landmark is commonly associated with two different cities at the same time. As municipal boundaries expand, metropolitan regions merge and urban development stretches beyond administrative limits, several well-known addresses now carry dual identities. Some are officially located in one city but are popularly associated with another, while others straddle district or municipal borders altogether. Here are nine Indian addresses that simultaneously belong to two cities in the minds of residents, businesses and even visitors.Read more

20 Jul 2026

Titijaya Land Bhd has received permission from the High Court to proceed with its judicial review application, marking a key development in the ongoing legal matter. The court also extended the interim stay order that had been granted earlier, allowing the existing position to remain until the case progresses further. While the company has not disclosed additional details on the dispute, the latest ruling enables the judicial review to move forward. The matter is expected to continue through the legal process, with further updates likely as the court hears the substantive application.Read more

20 Jul 2026

• Madhya Pradesh has completed India's longest underground irrigation tunnel, a 12.2-km engineering structure that will carry Narmada river water to the drought-prone Vindhya region after nearly 18 years of construction.
• The tunnel forms a critical component of the Bargi Diversion Project, linking the Narmada and Son river basins to expand irrigation across six districts of the state.
• Developed through challenging geological conditions using tunnel boring technology, the project is expected to improve water availability for agriculture and strengthen irrigation infrastructure.
• The completion marks a significant milestone in the state's long-term water resource management strategy and inter-basin water transfer programme.Read more

20 Jul 2026

• The Reserve Bank of India (RBI) has issued new directions prohibiting banks and non-banking financial companies (NBFCs) from selling repossessed immovable properties back to defaulting borrowers or their related parties.
• The revised norms require lenders to dispose of such assets within seven years of acquisition, with limited extensions allowed under specified conditions.
• The framework aims to improve transparency in the disposal of stressed assets, strengthen recovery practices and discourage borrowers from regaining assets after default.
• The guidelines form part of RBI's broader framework governing the acquisition, management and disposal of assets recovered through loan defaults.Read more

20 Jul 2026

• The Supreme Court has directed that contempt petitions alleging violations of its 2024 guidelines on demolition drives, commonly referred to as 'bulldozer justice', be transferred to the respective High Courts.
• The apex court observed that such cases involve disputed questions of fact that are better examined by jurisdictional High Courts.
• The Court clarified that its earlier safeguards against arbitrary demolitions remain in force and that interim protection granted in pending matters will continue until the High Courts consider them.
• The ruling shifts the adjudication of alleged non-compliance with the Supreme Court's demolition guidelines to constitutional courts at the state level.Read more

20 Jul 2026

CA Immobilien Anlagen AG (CA Immo) has signed another lease agreement for around 1,500 square metres of office space at its CIELO office building in Dusseldorf. The latest transaction comes as the company continues to strengthen occupancy at the premium office asset while advancing its strategy of repositioning the property as a multi-tenant office building. Earlier this year, the company had already secured multiple lease agreements at the same property, reflecting continued demand for quality office spaces in Dusseldorf's central business district despite a challenging commercial real estate market.Read more

20 Jul 2026

The Delhi government has initiated trials of spray injection road patching technology as part of its efforts to improve road maintenance and address potholes more efficiently, including during the monsoon season. Public Works Department (PWD) Minister Parvesh Sahib Singh recently witnessed a live demonstration of the fully mechanised repair system, which enables permanent pothole repairs in wet conditions while minimising traffic disruption. The technology repairs individual potholes within two to five minutes and allows roads to reopen immediately after completion. Officials said the process provides longer-lasting repairs than conventional cold mix methods, which often deteriorate within weeks. Following the trial, the government will assess the technology's performance before considering its wider adoption across Delhi's road network to strengthen maintenance practices and improve commuter safety.Read more

20 Jul 2026

• The Union Cabinet has approved two elevated corridor projects worth INR 25,445.96 crore to improve traffic flow, strengthen regional connectivity and reduce congestion in Varanasi.
• The projects comprise a 46.04-km Ganga corridor and a 43.22-km Varuna corridor, both to be developed under the Hybrid Annuity Model (HAM) by NHAI.
• The corridors will improve access to transport hubs, religious landmarks and logistics nodes while cutting travel time across the city.
• The integrated projects are expected to support tourism, freight movement and long-term economic development in eastern Uttar Pradesh.Read more

20 Jul 2026

The Delhi Metro Rail Corporation (DMRC) will undertake a feasibility study for a proposed double-decker corridor integrating a metro viaduct with a road flyover between Keshav Puram and Rohini Sector 34 in north-west Delhi. The proposal forms part of the approved 16.29-km metro corridor under Delhi Metro Phase IV and seeks to optimise limited urban space while improving road and metro connectivity. The study will assess the project's technical and financial viability, engineering requirements and traffic integration before a final decision is taken. If found feasible, the corridor would become another example of integrated transport infrastructure in the Capital, supporting more efficient land utilisation and reducing the need for separate elevated structures.Read more

20 Jul 2026

Mukand Ltd, part of the Bajaj Group, has signed a term sheet to sell nearly nine acres of land in Kalwa, Thane, to AGP DC Infra Private Ltd for approximately INR 506 crore. The transaction marks another significant land monetisation deal in the Mumbai Metropolitan Region, where industrial land parcels continue to attract strong developer interest. The proposed sale is expected to unlock value from Mukand's non-core assets while providing AGP DC Infra with a strategically located development opportunity.Read more

20 Jul 2026

The Uttarakhand High Court has quashed a District Magistrate's order directing the issuance of a fire No Objection Certificate (NOC) to a residential project in Dehradun, ruling that key fire safety concerns required a more thorough examination. The court observed that the appellate authority had not adequately assessed the deficiencies identified by fire officials before granting relief to the developer. It has remanded the matter to the District Magistrate for a fresh decision after hearing all stakeholders, underscoring that fire safety compliance cannot be diluted through procedural oversight.Read more

20 Jul 2026

• Brigade Hotel Ventures Limited (BHVL) plans to invest around INR 1,100 crore to develop three Hyatt-branded hotels in Chennai, strengthening its hospitality portfolio and expanding its presence in South India's premium hotel market.
• The projects include Grand Hyatt Chennai ECR, Hyatt Regency Chennai and Hyatt Place Chennai OMR, collectively adding nearly 600 keys to the city's hospitality inventory over the next few years.
• Grand Hyatt Chennai ECR, expected to open in 2029, will feature about 200 rooms, multiple dining venues, wellness facilities and extensive MICE infrastructure, targeting business travellers, leisure guests and destination weddings.
• The expansion aligns with BHVL's long-term growth strategy and Hyatt's India expansion plans, reflecting growing demand for premium branded hotels driven by business travel, tourism and large-scale events in Chennai.Read more

20 Jul 2026

• Amazon Web Services (AWS) has commenced construction of a new data centre campus in Hyderabad as part of its planned USD 21 billion investment in cloud infrastructure across India by 2030.
• The Hyderabad facility will expand AWS's cloud capacity to meet growing demand from enterprises, startups and public sector organisations adopting digital technologies and artificial intelligence.
• The investment is expected to strengthen India's digital infrastructure while supporting economic activity, job creation and technology innovation.
• The new campus forms part of AWS's long-term strategy to expand cloud infrastructure in India and support the country's growing digital economy.Read more

20 Jul 2026

• The Karnataka government has released a draft Apartment Ownership Bill aimed at replacing the existing legal framework governing apartment ownership and management.
• The proposed legislation seeks to strengthen the rights of apartment owners while introducing greater accountability for developers and resident associations.
• Citizens, housing associations and industry stakeholders have been invited to submit feedback before the Bill is introduced in the State Legislature.
• The government says the legislation is intended to address long-standing issues related to maintenance, common areas, governance and dispute resolution in apartment complexes.Read more

20 Jul 2026

• The Kazipet Rail Manufacturing Unit in Telangana is nearing completion and will begin manufacturing 200 next-generation intercity trains over the next five years, Union Railway Minister Shri Ashwini Vaishnaw announced.
• The trains are being designed for short-distance travel of around 300 km with frequent stops, offering improved regional connectivity between towns and cities.
• The new fleet will feature modern passenger amenities, energy-efficient technologies and enhanced safety systems to support affordable and sustainable rail transport.
• The manufacturing unit is expected to strengthen India's rolling stock production capacity while supporting the expansion of regional passenger rail services across the country.Read more

20 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced new regulations requiring promoters to maintain separate bank accounts for Interest-Free Maintenance Security (IFMS) funds collected from homebuyers. The rules also mandate that the entire maintenance corpus, including accrued interest, be transferred to the Residents' Welfare Association (RWA) or Association of Allottees once it takes over maintenance responsibilities. The move aims to improve financial transparency, protect homebuyers' interests and ensure proper management of maintenance funds.Read more

20 Jul 2026

SEGRO has strengthened its leasing activity by signing three new agreements covering around 540,000 square feet at SEGRO Park Coventry. The deals include facilities for Volvo Group UK, DIRKS Consumer Logistics and GigaCloud Technology, adding GBP 6 million in annual rental income. The new leases form part of the GBP 53 million in new rent secured by the company during the first half of 2026. The developments will expand the park's occupied space, support logistics operations, create employment opportunities and reinforce SEGRO's industrial and warehousing portfolio across the UK.Read more

20 Jul 2026

Thousands of documents reportedly linked to the Kudankulam Nuclear Power Plant (KKNPP) have been exposed following an alleged ransomware attack, prompting an investigation by Indian authorities into the cybersecurity incident. The leaked material is said to include technical drawings, contractor records and project-related documents associated with the plant's expansion works. While officials have confirmed that the incident is being examined, the Nuclear Power Corporation of India Limited (NPCIL) has stated that no nuclear safety or security systems have been affected. The breach has renewed attention on the cybersecurity of India's critical infrastructure as the country continues to expand its nuclear power capacity.Read more

20 Jul 2026

NPCIL and NTPC Ltd's joint venture, Ashvini, is set to invite bids for an Engineering, Procurement and Construction (EPC) contract worth approximately INR 28,000 crore for the nuclear island package of the Mahi Banswara Rajasthan Atomic Power Project. The tender marks a significant milestone in India's nuclear power expansion, with the project expected to strengthen clean energy capacity and support long-term electricity demand. The development also creates substantial opportunities for engineering, construction and infrastructure companies.Read more

20 Jul 2026

The International Financial Services Centres Authority (IFSCA) has released the report of its Expert Committee on the development of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in GIFT IFSC, outlining a comprehensive roadmap to strengthen the international financial centre as a global platform for real estate and infrastructure financing. The committee, chaired by former SEBI Whole Time Member Ananta Barua, has recommended regulatory, taxation and inter-regulatory reforms, alongside new investment products, to attract long-term domestic and foreign capital. The report also proposes introducing Mortgage REITs, enabling global and mixed REIT structures, improving capital-raising mechanisms, and creating tax parity with SEBI-regulated investment trusts. The recommendations are intended to support India's long-term infrastructure financing needs and expanding real estate sector by encouraging greater participation from global institutional investors.Read more

20 Jul 2026

Kuwait Business Town Real Estate has renewed its Murabaha financing facility agreement with a foreign bank, maintaining an Islamic financing arrangement worth GBP 30.240 million. The renewal ensures the company continues to have access to Shariah-compliant funding to support its financial requirements. Murabaha financing is widely used in Islamic banking as an alternative to conventional interest-based lending. The company has not disclosed the identity of the lending bank or provided details on the tenure, repayment structure, or intended use of the renewed facility.Read more

20 Jul 2026

• The Telangana High Court has stayed the Greater Hyderabad Municipal Corporation's (GHMC) proposed demolition action against the BLISS residential project in Somajiguda after the developer challenged a show-cause notice.
• The dispute centres on GHMC's allegation that parts of the project fall within the Full Tank Level (FTL) and buffer zone of Bum-Rukn-ud-Daula Lake, violating planning and environmental norms.
• Pradeep Constructions has argued that the project was undertaken after obtaining the necessary statutory approvals and sought judicial intervention against coercive action.
• The High Court has directed authorities to maintain the status quo until the matter is heard further, with the case expected to shape future enforcement of lake protection regulations in Hyderabad.Read more

20 Jul 2026

• KEC International has secured new orders worth INR 1,180 crore across its Transmission and Distribution (T&D), Civil and Cables businesses.
• The order book includes the company's first T&D project for a data centre, marking its entry into a new infrastructure segment alongside transmission projects in India and overseas.
• The Civil business has received orders for residential projects from private developers, while the Cables division has won supply contracts in both domestic and international markets.
• The latest contracts strengthen KEC International's order pipeline and reflect continued demand across India's power, urban infrastructure and real estate sectors.Read more