29 minutes ago

Navi Mumbai Municipal Corporation carried out demolition action against an unauthorised structure in the Koparkhairane division after the concerned party failed to respond to statutory notices. The action followed a notice issued under Section 54 of the Maharashtra Regional and Town Planning Act, 1966, served earlier this month. The partial demolition was conducted under the direction of Municipal Commissioner Dr Kailas Shinde, with supervision from senior civic officials. The enforcement drive involved municipal staff, police presence and the use of mechanised equipment. The civic body has indicated that similar enforcement actions will continue across its jurisdiction to address unauthorised constructions and ensure compliance with planning regulations.Read more

1 hour ago

The Haryana government has approved a new mixed land use policy aimed at resolving delays in development approvals and accelerating stalled projects across the state. Cleared by the state cabinet, the policy introduces flexibility by removing fixed percentage caps for residential, commercial, and institutional components within mixed-use zones, while retaining restrictions on industrial expansion. It mandates a 70:30 ratio between primary and allied uses, with scope for variation. The move addresses long-standing regulatory ambiguity that had held up multiple developments, particularly in urban centres such as Gurugram and Faridabad. The policy is expected to provide clarity to developers and enable faster processing of applications under existing planning frameworks.Read more

2 hours ago

Civic issues at Hosur Cross in Hubballi have raised concerns due to damaged roads and growing garbage accumulation. Key connecting stretches have developed potholes and uneven surfaces, while a broken manhole has added to safety risks. At the same time, vacant plots are being used for dumping waste due to irregular collection. Residents say the problems have continued for a long time despite repeated complaints. The situation is affecting daily movement in a busy area that connects major parts of the city.Read more

4 hours ago

KPI Green Energy has reported a rise in its total energised capacity to 965 megawatt peak (MWp) following the addition of new renewable energy assets earlier this week. The company confirmed that it has energised an extra 376 MWp of solar and wind projects. Energisation approval, which is granted by grid operators after meeting technical and regulatory requirements, allows renewable projects to connect to the main electricity grid. With these additions, the company's Independent Power Producer (IPP) portfolio has expanded its operational base, reflecting continued growth in its renewable energy capacity.Read more

5 hours ago

M3M India has partnered with ONE Atmosphere to launch ONE Atmosphere Suites Corner Walk in Gurugram's Sector 73/74. The project will feature 256 fully serviced luxury suites, with operations expected to commence by the winter of 2026. Positioned as a hybrid hospitality-residential asset, the development targets business travellers and long-stay occupants, integrating managed services with residential formats. The launch marks ONE Atmosphere's entry into India and reflects growing developer interest in branded serviced living formats within key NCR micro-markets.Read more

6 hours ago

A hyperscale data centre project by AdaniConneX in Pune adopted steel-reinforced AAC wall panels from Magicrete to meet tight construction timelines and structural requirements. Covering nearly 400,000 sq ft of wall area within a total built-up of about 450,000 sq ft, the project replaced conventional masonry with engineered panel systems. This approach helped eliminate multiple structural steps, improved execution speed, and reduced complexity. Project stakeholders, including NCC Ltd, reported significant time savings, with large wall sections completed in days instead of weeks, supporting faster readiness for critical data centre operations.Read more

7 hours ago

The Andhra Pradesh Capital Region Development Authority has formalised a long-term lease agreement with the Andhra Pradesh State Institute of Rural Development & Panchayat Raj for setting up a dedicated training campus in Amaravati. Spread across over five acres in Kuragallu and Nowluru villages, the project aims to strengthen institutional capacity, improve governance training, and support rural development initiatives. With a 60-year lease tenure and defined construction timelines, the campus is expected to enhance administrative skills and align with the state's broader development focus on capacity building and public service efficiency.Read more

7 hours ago

Indian Railways has expanded its train services and fleet over the past five years to meet growing passenger demand. Between 2021-22 and February this year, 1,024 new trains were introduced, 907 existing services extended, and the frequency of 168 trains increased. A total of 4,651 coaches were added, focusing on non AC seating for low- and middle-income travellers. Passenger numbers in general and unreserved classes rose from 553 crore in 2022-23 to 651 crore in 2024-25. Nearly 74,800 special train trips were also operated to handle peak travel periods.Read more

8 hours ago

Navi Mumbai Municipal Corporation's property tax amnesty scheme has recorded a strong response, with 5,744 defaulters clearing dues worth INR 20.15 crore within nine days of its launch. Introduced earlier this month, the scheme offers a 50 per cent waiver on late payment penalties for those settling outstanding dues in a lump sum. The initiative, valid until the end of March, covers residential, commercial, industrial, and vacant land properties. A significant share of payments has been made through digital channels, indicating growing adoption of online tax services. The civic body has extended operational hours, including on public holidays, to facilitate higher collections and encourage compliance.Read more

9 hours ago

CREDAI-MCHI recently organised a felicitation ceremony in Mumbai to honour the appointment of Mayor Ritu Tawde and Maharashtra Advocate General Dr. Milind Sathe. The event brought together senior government officials, legal experts, and real estate leaders to recognise the importance of these roles in shaping the city's development. It also served as a platform to discuss key urban and regulatory issues. The developers body highlighted its intent to work closely with policymakers to ensure structured growth, better infrastructure, and improved coordination between the government and the real estate sector across the Mumbai Metropolitan Region.Read more

9 hours ago

CRC Group has appointed CBRE to oversee facility management services at its commercial project CRC The Flagship in Noida. The office-led development spans approximately 2.4 million sq ft and is nearing completion, with delivery expected in the third quarter of this year. Designed as a campus-style IT/ITES hub along the Noida Expressway, the project integrates Grade A+ office spaces with retail, hospitality and shared amenities. CBRE's mandate includes operations, maintenance, sustainability and technology-led asset management, reflecting increasing emphasis on institutional-grade management in large commercial developments.Read more

10 hours ago

The Union Cabinet has approved a modified UDAN scheme with an outlay of INR 28,840 crore to expand regional air connectivity and strengthen aviation infrastructure in underserved and remote areas. The scheme aims to develop 100 airports, 200 helipads, and support airlines through enhanced viability gap funding and operational aid for smaller airports. Around 120 destinations are expected to benefit, enabling 4 crore additional passengers to travel. The programme also supports domestic aircraft acquisition and addresses gaps from the earlier UDAN framework that had operationalised over 600 routes and 95 aerodromes.Read more

11 hours ago

DeHaat, in partnership with the National Horticulture Board under the Ministry of Agriculture, has launched a grape cluster development programme in Nashik, Maharashtra. The initiative aims to improve India's competitiveness in global horticulture markets by encouraging adoption of premium, export-oriented grape varieties. The programme offers financial assistance of 30-50 per cent across components such as irrigation, varietal expansion and post-harvest infrastructure, alongside end-to-end value chain support. It is expected to strengthen farm productivity, improve quality standards and enhance export linkages in one of India's key grape-producing regions.Read more

Indore News Desk

11 hours ago

Authorities in Indore have directed buildings across the city to comply with fire safety norms within 15 days, following concerns over non-compliance in several properties. The directive applies to residential, commercial and institutional buildings, with officials warning of strict action against defaulters. The move is aimed at strengthening safety standards and ensuring adherence to existing fire regulations. Inspections are expected to be intensified, with penalties and possible sealing of premises for violations. The initiative comes amid increased scrutiny of fire preparedness in urban buildings, highlighting the need for compliance with safety infrastructure and regulatory norms.Read more

12 hours ago

Reliance Broadcast Network Limited-owned BIG FM has entered the real estate sector with the launch of its new vertical, BIG FM Realty, marking its debut with a project in Uttar Pradesh. The company has unveiled Big UNIMAXX City in Bahraich and is targeting revenue of INR 1,200 crore from the development. The launch event, held in Lucknow, drew participation from over 500 channel partners and stakeholders. BIG FM Realty has also outlined plans to scale its portfolio to INR 4,000 crore over the next three years. The initiative signals the entry of a media-led entity into regional real estate markets, focusing on structured project execution and brand-led positioning.Read more

12 hours ago

Companies are increasingly re-evaluating the relocation of Global Capability Centres (GCCs) as rising costs, talent saturation and policy shifts prompt shifts in global operating models. While such moves are often justified on cost efficiencies, industry analysis indicates that the full financial and operational implications are frequently underestimated. Key challenges include talent attrition, productivity disruption, cultural realignment and regulatory complexities in new geographies. Additional hidden costs such as severance, dual infrastructure, recruitment and delayed project timelines further add to the financial burden. Experts have cautioned that relocation decisions must consider long-term capability building and strategic continuity rather than short-term savings, particularly as GCCs play a growing role in enterprise innovation and business operations.Read more

13 hours ago

The Ministry of Road Transport and Highways has launched the PRISM-SG portal to streamline approvals and inspections for steel girders used in road over bridges. The platform aims to reduce approval timelines from nearly 12 months to about three to four months by digitising documentation, inspections, and coordination between agencies. It brings all stakeholders, including Indian Railways, contractors, and inspection bodies, onto one system. The move is expected to improve transparency, reduce delays caused by manual processes, and support faster execution of critical bridge infrastructure projects.Read more

14 hours ago

Omaxe Ltd. has announced the naming of a dedicated stadium stand after Harmanpreet Kaur at its upcoming 30,000-seat cricket venue within The Omaxe State in Dwarka Sector 19B. The 1,500-seat Pink Stand is designed to enhance inclusivity, particularly for women and families. The stadium forms part of a 50-acre integrated sports and lifestyle development with an estimated investment of around INR 2,500 crore. The company has also appointed Bentel Associates International to masterplan key commercial, hospitality, and retail components, reflecting a broader strategy to create a mixed-use destination anchored by sports infrastructure.Read more

15 hours ago

Authorities in Ujjain carried out a demolition drive in the Begambag area near the Mahakaleshwar Temple, removing 16 illegal structures built on plots meant for residential use. The action followed the lifting of court stays and cancellation of expired leases. These plots, allotted decades ago, had been subdivided and used commercially in violation of rules. The drive is part of a larger enforcement effort, with multiple structures already cleared earlier. The move is also linked to upcoming infrastructure planning and better crowd management in the temple zone.Read more

16 hours ago

IndiGo is planning a major development in Gurugram with a new integrated campus on a 4.5-acre site in Sector 29. The campus will unite the IndiGo Support Centre (ISC) and Ifly learning centres, currently spread across the city, under one roof. The project, expected to take three to five years, aims to improve organisational cohesion, strengthen collaboration, and support long-term growth plans. As India's largest airline with a 63.6 per cent domestic market share, this move reflects IndiGo's focus on operational efficiency and employee integration.Read more

17 hours ago

Sattva Group has announced the launch of Sattva City, a 50-acre residential township in North Bengaluru with an estimated gross development value of over INR 8,600 crore. The project is positioned around a 15-minute city planning approach, integrating residential, retail, social and lifestyle infrastructure within a single development. With nearly 84 per cent of the land allocated to open spaces and over 250 amenities, the project targets mid-to-premium housing demand in a corridor driven by airport-led infrastructure growth. The development reflects increasing focus on large-scale, self-sustained communities in Bengaluru's northern micro-market.Read more

18 hours ago

The Pimpri Chinchwad Municipal Corporation (PCMC) has collected approximately INR 80 crore through its property tax amnesty scheme introduced earlier this month, offering a 90% waiver on penalties for lump sum payments. Despite the strong response from taxpayers, the civic body is unlikely to meet its annual property tax target of INR 1,000 crore. Total collections currently stand at around INR 830 crore, significantly below both the target and previous years performance. The scheme, implemented for the first time following demands from elected representatives, aims to recover pending dues and improve compliance. However, the limited duration and structural challenges in tax collection have constrained its overall impact on municipal revenue.Read more

19 hours ago

Bhopal Municipal Corporation has presented a budget of about INR 3,938 crore for FY 2026-27, keeping property tax and water charges unchanged while increasing sewage fees. The budget focuses strongly on improving water supply and sewage infrastructure, with major investments in pipelines, treatment facilities and household tap connections. Projects under AMRUT 2.0 continue to drive expansion. Despite the relief on taxes, the civic body has projected a deficit of around INR 108 crore, reflecting financial pressure amid rising infrastructure needs and growing urban demand.Read more

20 hours ago

RealVantage has allocated USD 7 million in equity towards the acquisition of a 21-megawatt data centre in Minneapolis, structured through Arcapita Group Holdings Limited. The asset is planned to expand capacity to 31 megawatts, aimed at enhancing operational income and asset value. This marks RealVantage's first investment in digital infrastructure, extending beyond traditional real estate sectors. The transaction reflects growing investor focus on data centres driven by artificial intelligence and cloud demand, with Minneapolis emerging as a secondary hub supported by stable power infrastructure and limited natural disaster risk.Read more

21 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has intensified enforcement against property tax defaulters, directing officials to initiate attachment and auction proceedings for unpaid dues if not cleared by the end of the current financial year. Notices have been issued to over 3,600 defaulters across residential, non-residential, industrial and vacant land categories. The civic body has also introduced an amnesty scheme offering a 50 per cent waiver on late payment charges for those clearing dues in full within the stipulated deadline. With property tax forming a key revenue source, the administration has accelerated recovery efforts through both enforcement and incentive-based measures.Read more

Chennai News Desk

22 hours ago

Chennai Metro Rail Limited (CMRL) has initiated plans to transform areas surrounding 41 metro stations into integrated multimodal hubs to improve last-mile connectivity across Chennai. The proposal covers a 500-metre radius around each station and aims to facilitate seamless interchange between metro rail, buses, autos, taxis, and suburban rail services. A tender has been issued to prepare a detailed project report outlining design, infrastructure upgrades, and implementation strategy. The move follows commuter concerns regarding inadequate pedestrian infrastructure, unsafe access points, and poor coordination between transport systems. Key high-footfall stations such as Central, Egmore, Guindy, Saidapet, and Alandur are expected to be prioritised under the initiative.Read more

23 hours ago

The National Company Law Appellate Tribunal (NCLAT) has refused to grant an interim stay on the approved INR 14,535 crore resolution plan submitted by Adani Enterprises for debt-laden Jaiprakash Associates Ltd (JAL). The order comes in response to a plea filed by Vedanta Group challenging the National Company Law Tribunal's (NCLT) approval of the bid. While allowing implementation of the resolution plan to proceed, the appellate tribunal has clarified that the outcome will remain subject to the final ruling in the appeal. The tribunal has sought responses from the Committee of Creditors (CoC) and scheduled the next hearing for early next month, keeping the insolvency resolution process active amid ongoing legal contestation.Read more

Pune News Desk

27 Mar 2026

Lubrizol Corporation, along with Ashirvad Pipes and support from Jal Seva Charitable Foundation, has upgraded water, sanitation and hygiene (WASH) infrastructure in four government schools in Pune district. The initiative benefits over 565 students and staff by improving access to safe drinking water and sanitation systems. The project includes installation of CPVC plumbing solutions and enables supply of up to 13,000 litres of clean water daily. It also incorporates hygiene awareness sessions aimed at students and teachers to encourage better sanitation practices and long-term behavioural improvement within the school environment.Read more

27 Mar 2026

The Punjab and Haryana High Court has permitted the registration of a First Information Report (FIR) against Emaar India Ltd and its officials in connection with allegations of fraud, cheating, and criminal conspiracy linked to a Gurugram-based real estate project. The court dismissed the developer's petition seeking to quash a lower court order directing the FIR, observing that the complaint disclosed a prima facie case warranting investigation. The dispute arises from claims that the company suppressed prior agreements with third parties while entering into a joint development arrangement with another entity, leading to financial losses. The ruling allows investigative agencies to proceed with a criminal probe into the matter.Read more

27 Mar 2026

Garuda Aerospace has partnered with Rajasthan Electronics & Instruments Limited to set up a drone training centre in Jaipur under a contractual arrangement. The facility will operate as a DGCA-compliant Remote Pilot Training Organisation, aimed at developing certified drone pilots for multiple sectors including agriculture, infrastructure, surveillance, and logistics. The initiative focuses on structured practical and theoretical training to address the growing demand for skilled drone operators in India. This collaboration also reflects ongoing efforts to expand drone education infrastructure through public-private partnerships.Read more

27 Mar 2026

The Chandigarh administration has revised collector rates across residential, commercial, and other property categories, with the sharpest increase of up to 33% recorded in plotted residential segments. The revised rates, which will come into effect from the start of the next financial year, are expected to raise the base valuation for property transactions and increase stamp duty liabilities. Housing Board flats will see hikes of up to 25%, while cooperative society flats will rise by around 15%. The revision follows a structured methodology aligned with statutory provisions and includes stakeholder consultation through a draft notification. The move aims to align government-defined rates with prevailing market values while improving transparency in property transactions.Read more

27 Mar 2026

The Maharashtra State Road Transport Corporation has reintroduced 3x2 seating buses after nearly two decades, marking a shift in its fleet strategy to improve capacity and manage high passenger demand. The new Rajmata Jijau smart bus service was launched earlier this week by Devendra Fadnavis at the state legislature complex, in the presence of Eknath Shinde, Sunetra Pawar and Pratap Sarnaik. With modern safety features and a phased induction plan of around 3,000 buses, the initiative is expected to enhance connectivity, especially on high-density intercity routes.Read more

27 Mar 2026

Redevelopment activity in Nashik has accelerated significantly, with more than 16,000 ageing properties reconstructed over the past seven years, according to data from the Nashik Municipal Corporation. The surge reflects a shift from low-rise, ageing structures to multi-storey developments driven by safety concerns, rising land values, and regulatory changes. Around 2,500 properties have been redeveloped annually in recent years, primarily comprising houses, bungalows, and small residential buildings. The introduction of the unified Development Control and Promotion Regulations (DCPR) in 2020, which relaxed floor space index norms, has played a key role in enabling higher density redevelopment and improving project viability across the city.Read more

Bangalore News Desk

27 Mar 2026

WeWork India Management Limited has announced plans to invest approximately INR 31 crore to expand its flexible workspace footprint in Bengaluru by leasing an additional 81,166 sq ft. The new facility is expected to accommodate around 1,256 desks and is scheduled to become operational by May 2026. The investment will be funded through a mix of internal accruals and debt. This expansion comes amid sustained demand for flexible office solutions in Bengaluru, which remains a key commercial real estate market. The company has also undertaken parallel expansion in Pune, adding further capacity through new agreements, reflecting continued growth in enterprise-led workspace demand across major urban centres.Read more

Mumbai News Desk

27 Mar 2026

A probe by the Mumbai Metropolitan Region Development Authority (MMRDA) has found the Reliance Infrastructure-Astaldi joint venture responsible for the Metro Line 4 accident in Mulund that caused one death and injured three people. The report identified human error and lack of supervision as the main reasons behind the incident. It clarified that there was no flaw in design or materials. The authority imposed a penalty of INR 5 crore and initiated safety audits across Metro projects, highlighting concerns around execution practices and on-site monitoring.Read more

27 Mar 2026

Manasum Senior Living has entered into a partnership with Alt DRX India to introduce fractional ownership in senior living housing projects. The move allows retail investors to participate in real estate with a lower entry point, starting from INR 10,000. Through a tokenised digital platform, select Manasum projects across cities like Bengaluru, Mysuru, Goa, Tirupati and GIFT City will be made available for fractional investment. The company plans to list around 25 per cent of its inventory, valued at nearly INR 25 crore, aiming to widen investor access to senior housing.Read more

27 Mar 2026

Dubai Residential REIT has expanded its real estate portfolio with the addition of garden view villas valued at AED 241 million. The acquisition reflects the trust's continued focus on strengthening its residential asset base in Dubai's growing housing market. The move comes at a time when demand for villa communities in the emirate remains steady, driven by end-user interest and long-term investors. This addition is expected to support rental income stability and enhance portfolio diversification, aligning with the REIT's broader strategy of acquiring income-generating residential properties.Read more

27 Mar 2026

ACME Solar Holdings has expanded its battery energy storage capacity by commissioning an additional 155 MW/470.25 MWh through its subsidiaries. This takes its total commissioned BESS capacity to 297.67 MW/951.74 MWh, out of a planned 835 MW/3,114.64 MWh. The new systems, located in Rajasthan, are connected to the Inter-State Transmission System and will operate on a merchant basis, earning through peak and non-peak power price differences. The expansion supports grid reliability and efficient power use, while strengthening ACME's broader renewable portfolio of over 8,000 MW across solar, wind, and hybrid solutions.Read more

27 Mar 2026

India's office market saw steady growth in the past quarter, with gross leasing across seven major cities rising 15 per cent year-on-year to 18.3 million sq ft, according to Colliers India. Strong demand from occupiers and the continued expansion of Global Capability Centres (GCCs) supported leasing activity despite global uncertainties. Bengaluru remained the top contributor, while Hyderabad and Pune recorded sharp growth. However, Delhi-NCR and Chennai saw a decline in leasing volumes. The data reflects a mixed but overall resilient office market, with demand concentrated in key technology-driven cities.Read more

27 Mar 2026

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has approved eight new warehousing and logistics projects with a combined investment of around INR 800 crore, aimed at strengthening supply chain infrastructure across the state. Cleared under the Uttar Pradesh Warehousing and Logistics Policy-2022, the projects include five silos, two warehousing units and one logistics facility, to be developed across districts such as Unnao, Auraiya, Lucknow, Gautam Buddha Nagar and Hapur. Spread over nearly 110 acres, the developments are intended to enhance foodgrain storage capacity, support agricultural logistics, and improve industrial distribution networks. The approvals reflect growing investor participation driven by policy incentives, including financial assistance and tax benefits.Read more

27 Mar 2026

Puravankara Ltd. has reported sales exceeding INR 800 crore at the launch of its first redevelopment project, Purva Estrella, located in Lokhandwala Circle, Andheri West. The initial phase saw approximately 85% of the launched inventory absorbed, indicating strong demand in Mumbai's redevelopment segment. The project offers 2, 3 and 4 BHK residences priced between INR 3 crore and INR 7 crore. The performance reflects increasing buyer preference for redevelopment-led housing backed by established developers. The launch marks the company's entry into Mumbai's redevelopment market, with further projects planned across key locations including Thane and South Mumbai.Read more

27 Mar 2026

Telangana is advancing its Indiramma housing programme with over 1.12 lakh homes expected to be completed and handed over by the end of March, and an additional one lakh units projected for completion by June. The first phase had sanctioned 4.5 lakh houses across the state, including 12,000 units for tribal communities under ITDA areas. The government plans a second phase in April and will fund incomplete houses from the previous administration. Local committees chaired by Sarpanchs will identify beneficiaries, ensuring transparent allocation. GHMC and other towns have designated sites for construction, with an estimated INR 22,500 crore expenditure.Read more

27 Mar 2026

India can mobilise up to INR 8 lakh crore every year for road infrastructure through a mix of market borrowings and budgetary support, Union Minister Nitin Gadkari said recently. He highlighted that strong highway assets enable raising around INR 5 lakh crore annually, along with INR 3.2 lakh crore from the government. However, he pointed out that the main concern is slow utilisation of funds. He also noted that infrastructure investment has a strong multiplier effect and cited the Dwarka Expressway as an example of how road projects can drive large-scale real estate growth.Read more

27 Mar 2026

Suzlon Group has secured a 100 MW wind energy project from Gas Authority of India Ltd (GAIL), marking another step in its growing presence in the PSU segment. The project will supply clean power to GAIL's upcoming petrochemical plant in Nandurbar, Maharashtra, supporting its decarbonisation plans. Suzlon will install 47 wind turbine generators and handle the full project lifecycle, including maintenance. This is one of multiple recent PSU orders for the company, highlighting its strong execution capabilities. Suzlon already has a significant presence in Maharashtra with over 2.2 GW installed capacity and a 38 per cent market share.Read more

27 Mar 2026

Himachal Pradesh is facing financial pressure as its borrowing has reached record levels, with INR 41,173 crore raised in FY 2025-26 while INR 32,004 crore was repaid. The state's total debt is steadily increasing and is expected to cross INR 1.12 lakh crore in FY 2026-27. A shrinking tax base, rising interest payments, and the discontinuation of Revenue Deficit Grants are adding to the strain. With nearly 80 percent of the budget tied up in committed expenses, limited funds remain for development and capital projects.Read more

27 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has removed 33 structures that were obstructing the Versova Dahisar coastal road project, helping clear a key hurdle in its execution. The move is expected to support faster on-ground progress for the project, which is part of Mumbai's larger coastal road network. The stretch has faced delays due to land constraints, environmental concerns, and regulatory approvals. With physical obstructions now being addressed, the civic body is working to streamline construction and maintain timelines for improving connectivity across the western suburbs.Read more

27 Mar 2026

Krisala Developers has completed over 388 digital property registrations as part of a week-long drive in Pune, including a single-day execution of 311 agreements at the Krisala Hiranandani Township in North Hinjawadi. The initiative has been recognised by the Indian Book of Records and the Asian Book of Records for the highest number of property registrations conducted by a developer. The registrations were carried out through an e-registration process, with each transaction completed within minutes. The drive reflects sustained demand for organised residential developments in Pune, supported by infrastructure growth and a strong technology-led employment base.Read more

27 Mar 2026

SEPC Limited has approved the acquisition of a 90% equity stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC for approximately INR 1,530 crore, marking a significant overseas expansion by the Chennai-headquartered EPC firm. The transaction, structured as a share-swap arrangement, is expected to be completed within six months, subject to lender and shareholder approvals. Avenir operates in oil and gas engineering, front-end engineering design, and project management consultancy, with a strong presence across the Middle East and North Africa (MENA) region. The acquisition is aimed at enabling SEPC's entry into the global oil and gas EPC and consulting segment while enhancing its access to higher-margin engineering services and international markets.Read more

27 Mar 2026

Jindal Steel has expanded its steel-making capacity at the Angul facility in Odisha from 6 MTPA to 12 MTPA, effectively doubling output and making it one of the largest single-location steel plants in India. With this expansion, the company's total crude steel capacity has reached 15.6 MTPA, including 3.6 MTPA from its Raigarh plant in Chhattisgarh. The company has completed the expansion within the planned timeline and expects improved utilisation, stronger revenues, and better operational efficiency.Read more

27 Mar 2026

Andhra Pradesh Energy Minister Gottipati Ravi Kumar, during a review meeting held in Amaravati, urged investors and stakeholders to accelerate renewable energy projects and ensure timely commissioning. The discussion involved representatives of Brookfield-Axis and officials from the New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP). The Minister emphasized the need to address on-ground challenges promptly, while reaffirming government support in terms of land, infrastructure, and approvals. He also highlighted the state's Integrated Clean Energy Policy and the development of solar, wind, and pumped storage projects, particularly in the Rayalaseema region.Read more