Priyanka Vig

43 minutes ago

Choosing between ready to move and under construction homes involves balancing immediate comfort with future potential. Market data in 2025–26 show that under construction (UC) properties in many metros have risen above ready-to-move (RTM) prices, underlining strong demand and increasing construction costs. Ready homes offer immediate possession, rental income, GST exemptions and early tax benefits. Under construction homes provide lower initial costs, flexible payments and potential for capital growth. Understanding personal priorities, financial capacity and risk tolerance is key to making the right choice.Read more

1 hour ago

The Union government has approved a survey for the proposed Hyderabad Regional Ring Rail project, marking an initial step towards developing a rail network aligned with the Regional Ring Road (RRR) corridor. The approval, granted in the past week by the Ministry of Railways, will enable preparation of a Detailed Project Report (DPR) in coordination with the Telangana government. The proposed rail system is intended to enhance connectivity between Hyderabad and surrounding districts, while integrating with existing transport infrastructure. The project is expected to support passenger and freight movement, particularly across emerging industrial and peri-urban zones. The survey will assess alignment, technical feasibility, and cost parameters before further approvals from central agencies are considered.Read more

2 hours ago

Manglam Group has launched Summit Signature Sangam, a commercial development on Ajmer Road in Jaipur, with an investment of approximately INR 400 crore in collaboration with Sangam India Limited. The project spans over 11,500 sq yd and is planned as a ground-plus-three-floor structure offering flexible office spaces starting from around 1,100 sq ft. Located along the Ajmer Road Civil Lines corridor, the development targets corporate occupiers, multinational firms, and retail brands seeking central business locations. Construction is currently underway, with delivery expected within two years. The project reflects Manglam Group's expansion in the commercial real estate segment amid increasing demand for organised office infrastructure in Jaipur.Read more

Lucknow News Desk

3 hours ago

The Lucknow Development Authority (LDA) has adopted drones and satellite imagery to strengthen enforcement against unauthorised constructions and land-use violations. Initial surveys have focused on residential plots along major roads where some properties were being used for offices, showrooms, and retail without approved land-use changes. By combining GPS data, geospatial mapping, and aerial imagery, the authority is identifying deviations like unauthorised floors and layout changes. Over 5,000 illegal constructions have already been detected and sealed. Regular six-monthly surveys across all city zones are planned for ongoing compliance and prompt action.Read more

4 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted an e-lottery at its Amaravati project office to allot returnable plots to farmers who contributed land under the Land Pooling Scheme (LPS) for the development of the capital city. A total of 167 eligible farmers received 328 plots, including residential and commercial parcels. The allotments included newly identified plots, pending returnable plots and alternate plots given due to planning constraints. The process was carried out through an online randomised system in the presence of beneficiaries. Officials also advised farmers to complete registration and assured assistance for locating plot boundaries.Read more

6 hours ago

The Union government is examining the introduction of a Namo Bharat rapid rail service between Bhubaneswar and Cuttack to strengthen regional connectivity in Odisha. Announced in the past week by Railway Minister Ashwini Vaishnaw, the proposal involves operating high-frequency trains on a new railway line currently under consideration. The service is expected to run at intervals of around 30 minutes, offering a cost-effective alternative to the previously proposed metro project, which had an estimated cost of INR 6,255 crore. The plan is aimed at improving commuter mobility between the twin cities, which function as a single urban cluster with high daily traffic movement. The initiative forms part of broader efforts to expand semi-high-speed rail-based urban transit systems across emerging metropolitan regions.Read more

Delhi News Desk

7 hours ago

The Municipal Corporation of Delhi (MCD) has introduced an online portal to streamline the collection and disposal of construction and demolition (C&D) waste across the capital, enabling residents, developers, and contractors to request pickups through a digital interface. Launched in the past week, the platform connects users with authorised transporters and provides end-to-end tracking of waste movement to designated processing facilities. The initiative aligns with the C&D Waste Management Rules, 2025, and aims to address large volumes of debris generated daily in the city. Authorities have allowed free collection for waste up to one metric tonne, with prescribed charges beyond that limit. The system is expected to strengthen compliance, reduce unauthorised dumping, and support recycling efforts in Delhi's construction sector.Read more

8 hours ago

DRA Homes has acquired a 3.91-acre land parcel in Karanai, off Old Mahabalipuram Road (OMR) in Chennai, for INR 49.70 crore, with plans to develop a mid-segment residential project valued at around INR 500 crore. The acquisition, announced in the past week, is part of the company's strategy to expand its presence in high-growth residential corridors. The site is located near key IT hubs such as Sholinganallur, Navalur, and Siruseri, supporting sustained housing demand from professionals. The proposed development will target mid-income buyers and forms part of DRA Homes ongoing efforts to strengthen its land bank in emerging micro-markets across Chennai.Read more

Pune News Desk

9 hours ago

The completion timeline for the Hinjewadi Shivajinagar Metro corridor in Pune has been deferred again, with authorities citing construction and coordination challenges affecting progress. The project, being implemented by Pune IT City Metro Rail Limited (PITCMRL), is a key urban transit link connecting the city centre with the Hinjewadi IT hub. Initially targeted for earlier completion phases, the revised schedule now extends the delivery timeline beyond previous projections. The delay is attributed to land acquisition issues, utility shifting, and complexities in executing elevated structures along congested stretches. The corridor is expected to significantly ease traffic congestion upon completion, but repeated timeline revisions have raised concerns around execution pace and project management in large-scale urban infrastructure developments.Read more

10 hours ago

The Navi Mumbai Municipal Corporation has been designated as a mentor city under the Swachh Survekshan Swachh Shehar Jodi initiative, tasked with guiding five urban local bodies in Maharashtra Kannad, Jintur, Kej, Lonar, and Malkapur. The initiative, led by the central government under the Swachh Bharat Mission, pairs high-performing cities with those seeking improvements in sanitation and waste management. Navi Mumbai, part of the Super Swachh League, has already conducted site visits to assess sanitation systems and recommend improvements across waste segregation, collection, disposal, and public hygiene infrastructure. The programme also includes knowledge-sharing on citizen engagement and digital reporting systems, aimed at enhancing overall urban sanitation standards in participating cities.Read more

11 hours ago

Diligent Builders has obtained the occupancy certificate for Tower A of its Antriksh Valley project in Sector 1, Greater Noida West, enabling possession and registration for 144 residential units. The certificate, issued by the Greater Noida Industrial Development Authority in the past week, follows the clearance of all dues to the authority and regulatory bodies. The developer handed over keys to around 25 allottees at a possession event, marking the revival of a previously stalled project. The development, supported by INR 115 crore funding under the SWAMIH initiative, includes a total of 331 units across two towers. Construction of Tower B and remaining amenities is underway, with phased completion targeted by 2027.Read more

12 hours ago

Global Capability Centres (GCCs) in India are witnessing a shift as non-technology sectors such as manufacturing, retail, healthcare, and energy increase investments in operational and innovation hubs. Traditionally led by IT and financial services firms, GCCs are now being adopted by a wider range of industries to manage global processes, digital platforms, and analytics-driven operations. Companies including Bosch, Mercedes-Benz, Walmart, and Novartis have established significant centres in India. Cities such as Bengaluru, Hyderabad, and Pune remain key hubs due to their talent base and infrastructure. While IT-led GCCs still account for nearly half of the ecosystem, diversification into sector-led centres is accelerating.Read more

Pune News Desk

13 hours ago

The Pune Municipal Corporation has constituted a committee to examine property tax-related grievances in areas merged into city limits, following sustained complaints from residents and elected representatives. The decision, taken in the past week under the leadership of Mayor Manjusha Nagpure, comes amid concerns over high tax assessments on residential and commercial properties in recently integrated villages. Residents have argued that the current tax structure does not account for infrastructure gaps and differs significantly from earlier gram panchayat-based systems. The committee will review representations, consult stakeholders, and recommend corrective measures in coordination with the state government. The move follows earlier suspension of tax collection in these areas and reflects ongoing efforts to address disparities in taxation as Pune expands its municipal boundaries.Read more

15 hours ago

Residents of Mahagun Mywoods in Greater Noida West faced an 11-hour power outage in the past week after the Noida Power Company Limited (NPCL) disconnected supply over unpaid electricity dues of approximately INR 72 lakh. The disruption affected around 4,800 occupied flats across 27 towers, housing over 15,000 residents. The residential complex operates on a single-point electricity connection, where the developer collects payments from residents and remits dues to the utility. Despite partial payments, outstanding dues led to disconnection, forcing residents to rely on diesel generators. Power was restored later the same day after additional payments and an undertaking by the developer. The incident highlights recurring billing disputes and infrastructure risks in large, developer-managed residential communities.Read more

16 hours ago

CBRE has appointed Nikhil Shah as Senior Executive Director, Hotels & Hospitality, Capital Markets, India, strengthening its advisory capabilities in the country's hospitality investment segment. The announcement, made in the past week, places Shah in Mumbai, where he will focus on transaction execution and client advisory across hotel assets. With nearly two decades of experience in hospitality investments, banking, and private equity, he has been involved in complex, high-value transactions across asset classes. His role will include advising on investment opportunities and supporting portfolio expansion strategies. The appointment aligns with CBRE's broader Asia Pacific strategy to deepen its hotels and hospitality platform and enhance integration between regional capital markets and sector-focused teams.Read more

17 hours ago

Casagrand Premier Builder Limited has announced the launch of a new residential project, Casagrand Ascentia, in Saravanampatti, a growing technology and residential corridor in Coimbatore. The four-acre development will comprise 238 two- and three-bedroom apartments with prices starting from around INR 65 lakh. Designed as a B+G+5 residential complex, the project will include 51 lifestyle amenities along with landscaped open spaces, a clubhouse and recreational facilities. The developer stated that the project aims to cater to homebuyers seeking larger homes and community-oriented living within a location that offers proximity to employment hubs, educational institutions and urban infrastructure in the city.Read more

18 hours ago

Civic authorities across Telangana, including the Greater Hyderabad Municipal Corporation and other urban local bodies, have issued around 1.6 lakh notices to property tax defaulters in the past fortnight as part of an intensified revenue recovery exercise. The action targets residential and commercial property owners who have not cleared pending dues, with a significant share of assessed properties yet to comply. Authorities have reported substantial outstanding demand running into thousands of crore, prompting stricter enforcement measures. Alongside notices, civic agencies are deploying SMS alerts, appointing enforcement officials, and warning of legal action under municipal laws. The drive also coincides with ongoing settlement schemes offering partial relief on interest, aimed at encouraging voluntary compliance before escalation of recovery proceedings.Read more

19 hours ago

Cement stocks moved higher in the past week as expectations grew that companies may increase prices to pass on rising input costs, mainly fuel and energy. This has improved sentiment after a period of weak pricing power and margin pressure. Brokerages believe price hikes could support profitability in the near term. The sector has been impacted by high costs and competitive intensity, but consolidation and steady demand from infrastructure and real estate are offering support. The recent rally reflects cautious optimism around margin recovery and better pricing discipline.Read more

20 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an agreement for sale with XLRI Xavier School of Management to establish a new campus in Amaravati. The institute plans to develop the campus on a 61.7-acre land parcel with an estimated investment of around INR 300 crore. In its first phase, the campus will accommodate about 1,000 students and offer executive education programmes for around 200 professionals. The project is expected to strengthen Amaravati's education ecosystem and support the state government's plan to position the capital region as a hub for reputed national and international educational institutions.Read more

21 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has introduced extended payment facilities for property taxpayers by keeping tax collection centres open on weekends and public holidays until the end of the financial year. The move aims to help property owners clear dues before the March-end deadline and support the ongoing property tax collection drive. Civic officials stated that all collection counters at the municipal headquarters and eight ward offices will operate during weekends and notified holidays, offering greater convenience for working residents. The civic body has also encouraged citizens to utilise digital payment options through mobile applications, QR code scanning and online banking platforms. Authorities added that property owners can also benefit from the ongoing Abhay scheme, which offers a concession on penalty charges for overdue tax payments.Read more

22 hours ago

Tata Power Delhi Distribution Limited has announced preparations to manage rising electricity demand during the upcoming summer season in Delhi. The utility expects peak demand within its service area to reach around 2,622 MW, while the overall peak demand across the capital could exceed 9,200 MW. To meet the anticipated requirement, the company has arranged power supply of up to 2,900 MW through multiple sourcing mechanisms including bilateral agreements and power exchange participation. Additional measures such as network upgrades, predictive maintenance and energy storage systems have been implemented to ensure reliable electricity supply across North Delhi, where the utility serves nearly nine million consumers.Read more

23 hours ago

The Allahabad High Court has directed authorities in Uttar Pradesh to ensure that residential developments incorporate accessible infrastructure for persons with disabilities, reinforcing compliance with statutory provisions. The order, issued in the past week, mandates the inclusion of features such as ramps, lifts, and barrier-free pathways in housing projects across the state. The court emphasised adherence to the Rights of Persons with Disabilities Act, highlighting gaps in implementation within existing and upcoming residential complexes. Authorities, including local development bodies, have been instructed to ensure compliance at both approval and execution stages. The directive places responsibility on developers and planning agencies to integrate accessibility into project design, signalling stricter scrutiny of housing approvals and construction standards in the state.Read more

20 Mar 2026

The Enforcement Directorate (ED) has restored immovable assets valued at about INR 650 crore to more than 2,300 homebuyers affected by stalled projects of Faridabad-based SRS Group. The restitution, enabled through provisions of the Prevention of Money Laundering Act (PMLA), followed verification of claims submitted by buyers who had invested in various residential and commercial developments. A special PMLA court in Gurugram permitted the restoration after establishing that the claimants were genuine purchasers without links to the alleged offences. The properties include flats and plots across multiple SRS developments in Haryana. The action forms part of an ongoing investigation into alleged financial irregularities and diversion of funds by the developer's promoters, which had left several housing projects incomplete and thousands of buyers in uncertainty.Read more

20 Mar 2026

InterRent Real Estate Investment Trust has announced a leadership transition at the top level, with its current Chief Executive Officer, President, and Trustee, InterRent Real Estate Investment Trust, set to step down. Brad Cutsey will resign from all executive and trustee roles effective March 23, 2026. In response, the company has appointed Dave Nevins as interim Chief Executive Officer, starting the same date. The transition reflects a planned leadership change aimed at ensuring continuity in operations while the trust manages its next phase of executive alignment and governance stability.Read more

Chennai News Desk

20 Mar 2026

The 14.6 km Chennai Metro stretch between Poonamallee Bypass and Vadapalani is now expected to open only after state assembly elections, due to restrictions under the model code of conduct and the desire for a full ceremonial launch. Conditional safety approvals have been granted, but final deck slab installations, signalling system adjustments, and incomplete stations remain. Initial services will operate on a limited schedule with selective station stops, gradually expanding as remaining stations and infrastructure are ready, providing much needed connectivity for west and central Chennai commuters.Read more

20 Mar 2026

Powerica Ltd, a provider of integrated power solutions, is launching a Rs 1,100 crore initial public offering, combining a fresh share issue of Rs 700 crore with an offer for sale of Rs 300 crore by promoters. The IPO, priced at Rs 375-395 per share and valuing the company at around Rs 5,000 crore, will primarily fund debt reduction. Bidding for anchor investors will occur before the public subscription opens, with the stock expected to debut in early April. The company has seen revenue growth, though net profit has declined recently.Read more

20 Mar 2026

Megaworld Corp's real estate investment trust, Mreit, has secured approval from the Securities and Exchange Commission for its property-for-share swap transaction with Megaworld Corporation. The approval allows Mreit to proceed with the exchange structure, where identified property assets will be transferred in return for shares. This development supports the ongoing asset infusion strategy between the entities and aligns with regulatory requirements. The transaction is expected to strengthen Mreit's asset base and maintain its portfolio expansion through asset-backed growth while ensuring compliance with existing corporate and regulatory frameworks.Read more

20 Mar 2026

The Chhattisgarh legislative assembly, led by the Chhattisgarh Legislative Assembly, approved the state's budget for FY 2026-27 with a total appropriation of INR 1.87 lakh crore and a net outlay of INR 1.72 lakh crore. Finance Minister O P Choudhary outlined that the budget focuses on inclusive growth, infrastructure, and welfare schemes. Key allocations include agriculture support, women's empowerment, and new missions in AI, tourism, and startups. The state also highlighted strong economic growth and ongoing policy efforts aimed at long-term development.Read more

20 Mar 2026

Axis Bank has decided to invest INR 1,500 crore in its wholly owned subsidiary, Axis Finance Ltd (AFL), via a rights issue over the next year. The investment, approved by the bank's Acquisitions, Divestments and Merger Committee and the Reserve Bank of India, will be made in one or more tranches before March 31, 2027. AFL posted a turnover of INR 2,504 crore for the first half of FY26, compared to INR 4,296 crore in FY25. The capital infusion is intended to support AFL's growth and strengthen its operations.Read more

20 Mar 2026

The National Company Law Tribunal has approved Adani Enterprises INR 14,535 crore resolution plan for Jaiprakash Associates, allowing the group to take control of the financially stressed company. The decision follows approval from lenders despite objections raised by Vedanta. Jaiprakash Associates, admitted to insolvency after defaulting on loans exceeding INR 50,000 crore, has major real estate and infrastructure assets, especially in Noida and Greater Noida. While the resolution brings clarity to creditors, legal disputes and delayed housing projects, including those affecting thousands of homebuyers, remain key concerns.Read more

20 Mar 2026

Operations at the New Delhi airport were affected after dust storms and heavy rain led to weather disruptions during the evening this week. As a result, around 22 incoming flights were diverted to alternate airports, according to an official statement. The situation prompted the India Meteorological Department to issue an orange alert for the city, indicating significant weather activity. The Indira Gandhi International Airport, which handles over 1,300 flight movements daily, experienced temporary operational impact due to reduced visibility and adverse flying conditions.Read more

20 Mar 2026

Central China Real Estate Ltd has indicated that it is likely to report a significant net loss for the financial year 2025, estimating a range between RMB 2.8 billion and RMB 3.2 billion. The company attributes the expected loss primarily to the continued slowdown in the property market during the period, along with other contributing factors. The outlook reflects ongoing pressure on the real estate sector, which has been facing demand constraints and liquidity challenges in recent years. The disclosure signals continued financial stress for developers operating in a subdued market environment.Read more

Noida News Desk

20 Mar 2026

Industrial activity in the Yamuna Expressway region has recorded a measurable increase, supported by the upcoming Noida International Airport, with 54 new industrial plots allotted and more than 700 lease deeds executed over the past year. Data released by the Yamuna Expressway Industrial Development Authority (YEIDA) indicates that total industrial allotments rose to 3,113, while lease deeds increased from 1,632 to 2,363 during the same period. The number of units taking physical possession of plots also rose significantly, reflecting improved conversion of allotments into active projects. The airport project, which recently received its aerodrome licence, is contributing to investor interest and project execution in the corridor, with additional indicators such as sanctioned building plans and construction activity also showing an upward trend.Read more

20 Mar 2026

The Reserve Bank of India (RBI) has announced a three-day variable rate repo (VRR) auction worth INR 75,000 crore to be conducted on March 20, aimed at managing surplus liquidity in the banking system. The move follows sustained liquidity infusion measures by the central bank, including recent short-term and durable liquidity operations. With system liquidity currently in surplus at over INR 81,900 crore, the RBI continues to calibrate its approach to stabilise overnight interest rates. The auction forms part of broader monetary operations that influence borrowing costs, credit flow, and overall financial conditions, with indirect implications for interest rate-sensitive sectors such as real estate and infrastructure financing.Read more

20 Mar 2026

Supermarket Income REIT, a UK based real estate investment trust focused on grocery property, has expanded the secured term loan backing its joint venture with Blue Owl Capital to GBP 437 million. The move reflects ongoing refinancing efforts as part of scaling its grocery real estate portfolio. Previously, the company had secured a GBP 215 million JV loan and has a track record of strategic refinancing and acquisitions across the UK and Europe. The increased facility provides additional liquidity to support future investment and portfolio growth.Read more

20 Mar 2026

The Delhi government has cleared a set of road infrastructure projects aimed at improving connectivity and easing congestion across key stretches of the city. The plan includes the Barapullah Phase-III extension linking Mayur Vihar and Sarai Kale Khan, and a six-lane elevated corridor along Mehrauli-Badarpur Road. These projects are expected to enable signal-free movement, reduce travel time, and ease pressure on existing roads. The initiative is part of a broader strategy to strengthen urban mobility, building on earlier proposals for road expansion, underpasses, and better connectivity across high-traffic zones.Read more

20 Mar 2026

Concerns over misuse of housing provisions in Mumbai have led to a city-wide vigilance audit after allegations of an INR 2,000 crore scam were raised in the state assembly. The issue relates to developers allegedly misusing additional FSI benefits granted for building homes for project-affected people and transit camps. Instead of delivering mandated housing, some projects reportedly created saleable residential and commercial units. Authorities have begun examining approvals, construction status, and handover records, with strict action expected against developers and officials if violations are confirmed.Read more

20 Mar 2026

A developer has been arrested in Nashik in connection with alleged violations of the mandatory Economically Weaker Section (EWS) housing quota across 49 residential projects. The action follows a police investigation into complaints that builders and landowners collectively bypassed the requirement to reserve 20% of project land for EWS housing in developments exceeding 4,000 sq m. Authorities have named around 197 individuals, including developers and landlords, in the case. Investigators have alleged that forged documents were used to fragment land parcels and evade regulatory thresholds. The case, registered earlier this month at Sarkarwada police station, stems from findings of a district-level inquiry into compliance with Maharashtra's housing policies of 2013 and 2017.Read more

20 Mar 2026

Andhra Pradesh has received approval for the transfer of 385.24 acres of salt land at the Naupada Salt Factory to the Andhra Pradesh Maritime Board for Mulapeta Port development. Chief Minister N. Chandrababu Naidu thanked Prime Minister Narendra Modi and Commerce Minister Piyush Goyal, emphasizing that the move will enhance port connectivity and operational efficiency. Located in Srikakulam, Mulapeta Port can accommodate 2 lakh DWT vessels, is well connected to highways and railways, and will feature four berths with a capacity of 15 million tons of cargo per year, serving neighboring states as well.Read more

20 Mar 2026

Cube Highways Trust has filed draft documents with the Securities and Exchange Board of India (Sebi) to raise up to INR 5,000 crore through an initial public offering, marking its transition from a privately listed infrastructure investment trust to a publicly listed InvIT. The issue will be entirely an offer-for-sale by existing investors, including Cube Highways and Infrastructure entities and institutional stakeholders. The InvIT, which manages 27 road assets across 12 states and one union territory, reported assets under management of INR 36,520 crore as of September 2025. Ahead of the listing, the trust plans to acquire four additional highway and tunnel assets, expanding its portfolio to 31 assets. The move is expected to broaden its investor base and improve liquidity access.Read more

Mumbai News Desk

20 Mar 2026

Residents and civic groups in Chhatrapati Sambhajinagar have urged the Maharashtra government to introduce a property tax waiver similar to Mumbai's exemption for smaller residential units. A memorandum submitted in the past week proposes extending tax relief to homes up to 1,000 sq ft, compared to Mumbai's exemption threshold of 700 sq ft. The demand has been led by local citizen groups citing parity across cities governed under similar administrative frameworks. However, municipal officials have raised concerns over the financial viability of such a move, noting that the Chhatrapati Sambhajinagar Municipal Corporation (CSMC) collected about INR 157.7 crore in property tax in FY2024-25, significantly lower than Mumbai's civic revenues. The proposal highlights growing pressure on smaller urban local bodies to balance fiscal sustainability with citizen demands for tax relief.Read more

20 Mar 2026

JSW Realty has entered into a development agreement with the Patel family to redevelop Malabar Court, a nearly one-acre land parcel in Malabar Hill, Mumbai. The project, located adjacent to the Malabar Hill Club, will be developed into a boutique luxury residential tower with an estimated revenue potential exceeding INR 2,000 crore. The site has earlier been owned by the Patel family for over seven decades. The agreement marks JSW Realty's continued expansion in Mumbai's high-value residential segment, focusing on low-density, premium developments in established neighbourhoods. The project reflects ongoing redevelopment activity in South Mumbai, where limited land availability and strong demand for luxury housing continue to drive high-value residential investments.Read more

20 Mar 2026

Gulshan Group has announced an investment of INR 1,000 crore to develop a Taj-branded luxury hotel and residential project in Sector 129 along the Noida Expressway. The development, to be managed by the Indian Hotels Company (IHCL), will comprise a 150-key hotel, 74 serviced apartments, and a penthouse. The project, currently under construction, is expected to be completed within five years. While the hotel and penthouse will be retained by the developer, the residential component is projected to generate over INR 2,000 crore in revenue. Positioned as the tallest Taj hotel and the first in Noida, the project reflects growing demand for branded residences and luxury hospitality assets in the National Capital Region.Read more

Noida News Desk

20 Mar 2026

Noida International Airport has proposed a revised user development fee (UDF) structure for passengers, with departure charges ranging from INR 653 to INR 1,200 for FY27. The proposal, submitted to the Airports Economic Regulatory Authority, also includes fees for arriving passengers and a plan for annual increases till FY31. The move comes as the airport prepares to start operations and aims to balance revenue generation with competition in the NCR's dual-airport market. The final tariff decision is currently under regulatory review.Read more

Mumbai News Desk

20 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has closed a cheating case involving approximately INR 67.5 crore against Kamala Mills owner and developer Ramesh Govani, following a detailed investigation into a redevelopment dispute. The closure, reported in the past week, comes after the agency filed a B summary report before a metropolitan magistrate court, citing insufficient evidence to support the allegations. The complaint related to a land redevelopment agreement under which compensation of INR 20 crore along with residential and commercial units had reportedly been promised but not delivered. Investigators found that the agreement between the parties had been mutually cancelled in 2017, a fact not disclosed in the original complaint, leading authorities to conclude that criminal intent could not be established.Read more

20 Mar 2026

Air India will operate 36 additional flights to Europe and Canada to manage disruptions caused by restricted West Asia airspace. The move aims to maintain connectivity and handle increased passenger demand on long-haul routes. The additional services will run until March 28 and will connect major Indian cities like Delhi and Mumbai with destinations such as London, Toronto, Frankfurt, and Zurich. Due to rerouting, flight durations have increased, prompting operational adjustments including schedule changes and regulatory support for extended flying hours.Read more

20 Mar 2026

House price growth in the United Kingdom is expected to moderate over the next three years, according to a Reuters poll of housing analysts, as expectations of interest rate cuts by the Bank of England have weakened amid geopolitical tensions and rising inflation risks. The survey indicates average home prices will increase by 2.5% this year and 3% annually over the following two years, lower than earlier projections. Mortgage rates have risen in response to global economic uncertainty, impacting buyer sentiment and affordability. London is expected to see relatively subdued price growth compared to other regions. At the same time, rental values are projected to grow at a faster pace than property prices, driven by constrained supply and policy changes affecting landlords in the private rental market.Read more

20 Mar 2026

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the INR 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks across the country. The scheme, announced by Ashwini Vaishnaw, is expected to generate around 15 lakh direct jobs and will run from FY27 to 2031-32. It focuses on pre-built industrial ecosystems with core and value-added infrastructure, external connectivity support, and state-private partnerships. The initiative aims to strengthen manufacturing, attract investment, and improve ease of doing business.Read more

20 Mar 2026

The central government has identified 28 water aerodromes under the UDAN 3 scheme to expand seaplane operations and improve regional connectivity. The plan focuses on linking remote, coastal, and island locations where traditional airport infrastructure is difficult to build. Seaplane services, first introduced under UDAN 3, had seen slow progress earlier due to operational and cost challenges. With this renewed push, the government aims to strengthen tourism circuits and reduce travel time. The move builds on earlier efforts where select water aerodromes and routes were already taken up but faced execution hurdles.Read more

20 Mar 2026

India's container rail logistics sector is facing operational pressure due to the ongoing West Asia conflict, which has disrupted export cargo movement and global shipping routes. A sharp increase in idle rakes and empty train movements has been reported as shipments to affected regions slow down. Container train operators are dealing with inefficiencies, including reverse cargo movement under the back to town provision. The industry has approached the Ministry of Railways for relief. The situation reflects how global disruptions are directly affecting India's logistics and supply chain operations.Read more