9 minutes ago

India’s recent decision to remove taxes on foreign investments in government bonds and expand access to its debt market has drawn a positive response from global investors. More than USD 1 billion flowed into government securities within days of the announcement, while bond yields declined across maturities. Investors and asset managers believe the reforms could boost foreign participation, support lower borrowing costs and strengthen India’s chances of inclusion in major global bond indexes. However, currency movements and global market volatility remain important factors that could influence future inflows.Read more

39 minutes ago

• NDR Group plans to invest more than INR 2,000 crore to expand its warehousing and industrial parks portfolio over the coming years.
• The investment will focus on developing modern logistics infrastructure across key consumption and manufacturing hubs.
• The company aims to strengthen its presence amid rising demand from e-commerce, manufacturing and third-party logistics players.
• The expansion reflects the growing importance of Grade-A warehousing and integrated industrial ecosystems in India's supply chain network.Read more

1 hour ago

Rustomjee Group has partnered with the Rotary Club of Bombay Airport to support the Kawale Check Dam project in Vikramgad Taluka of Palghar district, Maharashtra. Scheduled for inauguration on June 7, 2026, the INR 70.58 lakh initiative is expected to improve water availability, enhance agricultural productivity and strengthen livelihoods for nearly 1,800 farming families across 18 villages. Designed as a long-term water conservation and groundwater recharge intervention, the project aims to address recurring water scarcity in the tribal region despite seasonal rainfall. The check dam is expected to store water across a nearly two-kilometre stretch upstream, supporting year-round access to water while encouraging community participation and sustainable resource management.Read more

1 hour ago

Sales of previously owned homes in the United States recorded their strongest monthly performance in five months, signalling a recovery in buyer activity after a subdued start to the spring housing season. According to the National Association of Realtors (NAR), existing home sales increased by 3.2 per cent month-on-month in May to a seasonally adjusted annual rate of 4.17 million units, surpassing market expectations and registering a similar increase compared with the same period last year. The improvement was supported by stronger activity across the Midwest, South and West regions, although sales declined in the Northeast. Home prices continued their upward trajectory, with the median sales price reaching USD 429,300. Despite the recent gains, the US housing market remains below historical sales levels and continues to grapple with the effects of elevated mortgage rates.Read more

2 hours ago

Thousands of farmers from Raigad district have intensified their opposition to the proposed Karnala-Sai-Chirner New Town project widely referred to as Third Mumbai with a large convention held in Uran reaffirming their resolve to resist land acquisition. The protest, organised by the KSC New Town Project Opposition Committee, comes after MMRDA formally initiated land acquisition procedures across 124 villages in the Uran, Panvel, and Pen talukas of Raigad, following a state government resolution issued in March 2026. Villagers allege inadequate consultation, threat to agrarian livelihoods, and legal bypassing of the Land Acquisition Act, 2013.Read more

2 hours ago

Unicorn Infosolutions, Apple’s largest premium retail and service partner in India, has announced plans to expand its network from 100 to 150 stores over the next three years, driven by growing demand for Apple products across smaller cities. The company expects its revenue to rise from INR 3,700 crore in FY2025-26 to between INR 5,500 crore and INR 6,000 crore during the expansion period. Having opened its 100th store in Gurugram, Unicorn is focusing on tier-III and tier-IV markets, where physical access to Apple product demonstrations and after-sales services remains limited. The retailer currently operates across 49 cities in nine states and expects new product categories, including entry-level Mac offerings, alongside financing options such as equated monthly instalments (EMIs), to support future growth.Read more

3 hours ago

• India has identified 74 locations for new land ports, including three on the China border and six on the Pakistan border, to expand border infrastructure.
• The proposed facilities will support customs, immigration, cargo handling and security operations, strengthening cross-border trade and passenger movement.
• The expansion will be undertaken by the Land Ports Authority of India as part of a broader effort to improve logistics efficiency, connectivity and economic activity in border areas.Read more

3 hours ago

Road King Infrastructure has announced that the hearing related to the winding-up application against New Select has been adjourned by the British Virgin Islands (BVI) court. The company said the next hearing is not expected to take place before mid-September 2026, providing additional time for stakeholders involved in the restructuring process. Road King also confirmed that the early-bird Restructuring Support Agreement (RSA) fee deadline remains scheduled for late June. The development forms part of the company's ongoing efforts to address matters linked to the winding-up proceedings involving New Select.Read more

4 hours ago

The Centre has approved an INR 1,359.33 crore project to widen the Nagaur–Bikaner section of National Highway-62 in Rajasthan to four lanes, providing a major boost to road infrastructure in the state's western region. The project will be implemented under the Build-Operate-Transfer (BOT) toll model and is aimed at improving connectivity between Nagaur and Bikaner while enhancing the movement of passengers and freight. The highway upgrade is expected to strengthen regional transport networks, reduce bottlenecks on a key corridor, and support industrial, tourism and economic activity across western Rajasthan. The approval forms part of ongoing efforts to modernise the state's highway infrastructure and improve connectivity across strategic economic centres.Read more

Mumbai News Desk

4 hours ago

• The BMC is planning a pilot parking hub in Dadar to address congestion and improve parking management in one of Mumbai’s busiest commercial and transit districts.
• The project aims to create a structured parking model that makes better use of limited urban space and reduces roadside parking.
• Civic authorities are evaluating locations and implementation mechanisms before rollout.
• If successful, the model could be replicated in other congested parts of Mumbai facing growing traffic and parking pressures.Read more

5 hours ago

Urban Vault, a Bengaluru-based coworking and managed workspace operator, has provided a 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing company backed by Vietnam’s Vingroup. The facility, located on Golf Course Road in Sector 54, accommodates around 500 seats and marks Green SM’s first office in India. The agreement forms part of a broader partnership under which Urban Vault will support Green SM’s workspace requirements across key Indian cities. The development comes amid strong demand for flexible office solutions in major urban markets, with coworking operators significantly increasing office leasing activity during the first quarter of 2026, according to industry data.Read more

Mumbai News Desk

5 hours ago

BMC has launched a city-wide enforcement drive against restaurants and hotels that have illegally occupied mandatory open spaces and emergency access areas across Mumbai. The action follows heightened scrutiny of fire safety compliance and evacuation preparedness at commercial establishments. Civic officials have begun demolishing unauthorised extensions, sheds and service-area encroachments while conducting inspections of permissions, exits and access routes. The drive is expected to continue across multiple wards as authorities seek to ensure compliance with building regulations and prevent safety risks arising from blocked open spaces and unauthorised constructions.Read more

Mumbai News Desk

6 hours ago

• A consortium led by Reliance Industries has emerged as the winning bidder for the redevelopment of the Juhu Galli-Gilbert Hill slum cluster in Andheri West, one of Mumbai’s largest rehabilitation projects.
• Spread across nearly 100 acres, the project is expected to transform a densely populated informal settlement into a planned urban precinct through the Slum Rehabilitation Authority (SRA) framework.
• The redevelopment is poised to reshape a key western suburb location while creating rehabilitation housing, upgraded infrastructure and new development opportunities in the area.Read more

6 hours ago

Thailand-based hospitality and property development company Dusit International has signed an agreement with luxury real estate and hospitality developer Atmosphere to launch the Dusit Princess Rishikesh in Uttarakhand. The upper-midscale hotel will feature 300 rooms and is expected to open in 2031. The project marks another step in Dusit International’s expansion strategy in India, a market it views as offering strong long-term growth opportunities. The development is expected to strengthen Rishikesh’s hospitality landscape, which has been witnessing increasing demand from leisure, wellness and experiential travellers.Read more

Mumbai News Desk

7 hours ago

Former Indian cricketer and BCCI chief selector Ajit Agarkar has sold a residential apartment in Mumbai’s Bandra West for INR 4 crore. The transaction involved a flat in the upscale Bandra Reclamation locality and reflects sustained activity in one of Mumbai’s most sought-after residential micro-markets. The sale highlights the continued attractiveness of premium suburban housing destinations, where strong connectivity, proximity to business districts and limited supply continue to support property values and transaction activity.Read more

7 hours ago

UK-based oil producer EnQuest has agreed to acquire interests in four offshore production-sharing contracts in Malaysia from Petronas in a deal valued at up to USD 833 million. The transaction marks a significant step in EnQuest’s strategy to expand its presence in Southeast Asia and diversify beyond the North Sea. The acquisition is expected to boost the company’s production levels and strengthen its international portfolio. Investors welcomed the announcement, sending EnQuest shares sharply higher in early trading.Read more

8 hours ago

• The Enforcement Directorate has carried out search operations at the premises of Jalandhar-based businessman Amit Bajaj in connection with an ongoing money laundering and related financial irregularities probe.
• The raids, reported across multiple locations in Punjab and Uttar Pradesh, are part of an investigation examining financial records, business dealings and property transactions linked to the case.
• The action has triggered political reactions in Punjab, with allegations of selective targeting being raised while agencies maintain the searches are part of routine enforcement under economic offences laws.Read more

8 hours ago

Sime Darby Property has launched a Shariah-compliant investment fund worth 1.25 billion ringgit (USD 307.7 million) to support the development and leasing of data centres, industrial facilities and logistics assets in Malaysia. The New Economy Venture fund achieved full capital commitments at its first close, backed by major institutional investors. The five-year fund has already secured two seed assets located in Elmina Business Park and the City of Elmina, representing about 85% of its target size. Construction has commenced on both projects, with completion scheduled for the second half of 2027.Read more

9 hours ago

• The Delhi government has initiated an INR 75 crore road and drainage redevelopment project for the Wazirpur Industrial Area.
• The initiative aims to improve internal roads, strengthen drainage infrastructure, and address long-standing waterlogging issues.
• Better civic infrastructure is expected to enhance industrial operations and ease transportation within the manufacturing hub.
• The project forms part of the government's broader effort to upgrade key industrial clusters across the national capital.Read more

Noida News Desk

9 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to investigate allegations of illegal groundwater extraction by real estate developers in Noida and Greater Noida. The case originates from a petition raising concerns over large-scale dewatering and borewell usage at multiple construction sites. The tribunal has asked authorities to verify facts on the ground, identify violations, and take appropriate action, including penalties where necessary. It also stressed procedural fairness, noting that all alleged violators must be properly heard during the inquiry process.Read more

10 hours ago

• Reliance Industries and Meta have partnered to develop an AI-enabled data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre project in India.
• The facility will have an initial capacity of 168 MW, with scope for future expansion, and is expected to support Meta’s global AI and digital infrastructure requirements.
• Reliance will provide end-to-end development and operational services, including renewable energy integration, network connectivity and utility management.
• The project is expected to strengthen India’s position as a destination for large-scale AI infrastructure and hyperscale data centre investments.Read more

10 hours ago

Bengaluru is widely known for its technology hubs, busy roads and popular social hotspots, but the city is also home to several lesser-known destinations that offer a different experience. From bamboo forests and hidden lakes to ancient temples and birdwatching spots, these locations showcase Bengaluru's natural, cultural and historical character away from the crowds. Many of these places remain overlooked despite offering unique landscapes, rich biodiversity and peaceful surroundings. Together, they highlight how the city continues to preserve pockets of greenery, heritage and community spaces amid rapid urban development.Read more

11 hours ago

• Gujarat Chief Minister Bhupendra Patel sanctioned INR 629 crore on 8 June 2026 for the four-laning of six major road stretches across Kutch district, covering a combined length of approximately 43.5 km.
• The roads identified for upgrade span key stretches connecting Mundra, Zarpara, Kandagara, Deshalpar, Siracha, and Navinal, including dedicated bypass roads for three villages.
• The upgrade is expected to improve the movement of heavy vehicles operating to and from Mundra Port and the surrounding industrial and commercial hubs.
• Beyond logistics, the state government cited improved rural connectivity, road safety, and a boost to Kutch's tourism sector as additional objectives of the programme.Read more

11 hours ago

Tamil Nadu has completed the assignment of guideline values for every land survey number across the state, marking a significant reform in property registration and valuation. The initiative, announced by the Registration Department, aims to bring greater transparency and consistency to land transactions by ensuring that each parcel of land has a designated market guideline value. The exercise covers both urban and rural areas and is expected to reduce valuation disputes, improve revenue collection and streamline property registrations. Officials indicated that the project was undertaken using extensive field surveys and digital mapping tools. The move forms part of the state's broader efforts to modernise land administration, enhance the accuracy of property records and support a more transparent real estate market.Read more

12 hours ago

• The Enforcement Directorate (ED) has provisionally attached assets worth around INR 100 crore in connection with its investigation involving Jaypee Infratech and Jaiprakash Associates.
• The agency alleges that funds collected from homebuyers were diverted and laundered through related transactions.
• The action forms part of an ongoing money laundering probe based on allegations of financial irregularities and fund diversion.
• The case is significant for thousands of homebuyers awaiting resolution of long-delayed housing projects.Read more

12 hours ago

• Nexus Select Trust plans to deploy INR 2,000 crore to expand its retail presence in Northeast India through acquisitions and greenfield developments.
• The REIT is assessing opportunities across key cities where organised retail supply remains limited despite growing consumption and urbanisation.
• The investment forms part of the company's broader portfolio expansion strategy beyond established metropolitan markets.
• The planned deployment highlights increasing investor interest in the Northeast's retail and commercial real estate sector.Read more

13 hours ago

The National Highways Authority of India (NHAI) has detailed its asset monetisation strategy aimed at unlocking value from operational highway assets to finance new infrastructure development across the country. The framework relies on instruments such as Toll-Operate-Transfer (TOT), Infrastructure Investment Trusts (InvITs) and securitisation to attract long-term domestic and global investors. By recycling capital generated from mature assets, the authority seeks to reduce dependence on budgetary support while sustaining the pace of national highway expansion and improving overall asset management.Read more

13 hours ago

• A lawyer has been booked after allegedly mentioning the official residence of Maharashtra minister Shri Chhagan Bhujbal in a public notice linked to a private property redevelopment matter.
• The complaint was filed by the minister's office, which claimed the government bungalow's address was used without authorization.
• The notice pertained to a stalled cluster redevelopment project in Mumbai's Girgaon area.
• Police have registered a non-cognisable case and initiated an inquiry into the alleged misuse of the official address.Read more

14 hours ago

UK homebuilder Bellway has reported a moderation in customer demand after a strong start to the spring selling season, as rising fuel and energy costs continue to pressure the housing sector. The company said higher construction expenses and softer buyer activity, driven partly by elevated mortgage rates, are creating a more challenging operating environment. Despite these headwinds, Bellway has maintained its full-year operating profit and housing delivery forecasts. The company also highlighted uncertainty surrounding global geopolitical developments and the domestic political landscape, which could influence market conditions in the months ahead.Read more

14 hours ago

The breakthrough of the main tunnel at the eastern portal of the Zojila Tunnel project marks a significant milestone in India's efforts to establish year-round connectivity between Jammu & Kashmir and Ladakh. Witnessed by Union Minister for Road Transport and Highways Nitin Gadkari, the achievement brings the nearly 14-km-long tunnel closer to completion. Once operational, the INR 6,800-crore project is expected to dramatically reduce travel time, improve road safety, boost tourism and trade, and strengthen strategic connectivity in the Himalayan region. The milestone also comes amid the government's broader push to develop highway and tunnel infrastructure worth over INR 1.35 lakh crore across Jammu & Kashmir and Ladakh.Read more

15 hours ago

The Odisha government has approved a reduction in stamp duty for Economically Weaker Section (EWS) housing, providing relief to lower-income homebuyers and reinforcing its affordable housing agenda. The decision comes amid concerns that recent changes to apartment registration and stamp duty provisions could increase transaction costs for affordable housing purchasers. The revised framework is intended to lower the upfront cost of homeownership for economically vulnerable households while supporting housing accessibility across the state. The measure forms part of a broader set of reforms undertaken by the state government in recent months to streamline apartment registration, simplify common-area ownership transfers and improve transparency in property transactions. The move is expected to benefit beneficiaries of affordable housing schemes and first-time homebuyers within the EWS category.Read more

16 hours ago

The Enforcement Directorate (ED) has conducted a fresh round of searches across Punjab and Uttar Pradesh as part of its money laundering investigation into an alleged INR 100 crore GST fraud linked to mobile phone trading. The probe involves Punjab minister Sanjeev Arora, who was arrested last month and is currently in judicial custody. Search operations covered multiple residential and business premises associated with individuals and entities under investigation, including Hampton Sky Realty Ltd., a company linked to Arora. The latest action marks an expansion of the agency’s inquiry into alleged fraudulent GST transactions and the suspected laundering of proceeds generated through the scheme. The case has also had political implications in Punjab, with Arora’s ministerial portfolios being reassigned following his arrest.Read more

17 hours ago

The Karnataka government has extended the bidding deadline for the proposed INR 135 crore IT Park in Mangaluru after the project failed to receive any bids in its initial tender round. The development, planned on a 3.2-acre site at Derebail under the state's ‘Beyond Bengaluru’ initiative, is being implemented by the Karnataka State Electronics Development Corporation (KEONICS) through a public-private partnership model. Industry stakeholders have attributed the weak response to inadequate road connectivity, site-readiness concerns, stringent tender conditions and commercial terms that do not align with Mangaluru's market dynamics. The project is expected to create around 11,000 jobs and provide more than 3.5 lakh sq ft of Grade A office space, but concerns over infrastructure continue to affect investor interest.Read more

18 hours ago

Indore has retained its position as the highest contributor to property registration revenue in Madhya Pradesh, reflecting sustained real estate activity despite rising property valuations and a moderation in transaction volumes. Data from the state registration department shows the city generated the largest share of stamp duty and registration collections among districts in the state. The performance comes amid significant appreciation in collector guideline rates across several micro-markets and continued demand for residential and commercial assets. Officials attribute the strong revenue generation to high-value transactions, infrastructure-led growth and ongoing urban expansion. The figures underline Indore’s growing significance within Madhya Pradesh’s property market and its role as a key source of revenue for the state government.Read more

19 hours ago

Nagpur is entering the monsoon season with 278 buildings classified as dangerous by the Nagpur Municipal Corporation (NMC) still standing across the city, raising concerns over public safety amid forecasts of heavy rainfall. Civic authorities have issued notices to property owners and occupants, urging immediate evacuation and structural action. Despite annual inspections and enforcement measures, many unsafe structures remain occupied or have not been demolished due to ownership disputes, legal hurdles and delays in compliance. The issue has drawn attention to the challenges of managing ageing building stock in rapidly urbanising cities, particularly as intense rainfall events increase the risk of structural failures. Authorities have warned residents against occupying identified buildings during the monsoon period.Read more

20 hours ago

• The Bombay High Court has clarified that homebuyers are entitled to receive interest for every month of delay in possession under the provisions of RERA.
• The ruling strengthens consumer protections by ensuring compensation is linked to the actual period of delay.
• The decision is expected to have significant implications for ongoing and future disputes involving delayed housing projects.
• Legal experts believe the judgment reinforces the accountability framework established under the Real Estate (Regulation and Development) Act.Read more

21 hours ago

The Centre has approved the construction of a new two-lane tube tunnel parallel to the existing Dr Syama Prasad Mookerjee Tunnel on the Chenani-Nashri section of NH-44 in Jammu and Kashmir. Union Minister Jitendra Singh announced the decision after the proposal received clearance from the Ministry of Road Transport and Highways and the National Highways Authority of India. The project aims to address growing traffic volumes on the strategic Jammu-Srinagar National Highway, which serves as the primary road link between the Kashmir Valley and the rest of India. The proposed tunnel will run alongside the existing 9.28-km all-weather tunnel connecting Udhampur and Ramban districts and is expected to improve traffic capacity, road safety and operational resilience on the corridor.Read more

22 hours ago

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and strongerRead more

11 Jun 2026

The Lucknow Fire Department has issued notices to 20 hotels after inspections revealed violations of mandatory fire safety norms, intensifying a citywide compliance drive launched following recent fire incidents at hospitality establishments across the country. The affected hotels have been given 45 days to rectify deficiencies related to firefighting systems, emergency preparedness and evacuation infrastructure. The enforcement action forms part of a broader audit of hotels, restaurants, clubs and commercial establishments being undertaken across the Uttar Pradesh capital. Authorities have warned that failure to address the identified shortcomings within the stipulated period could lead to further action under fire safety regulations. The inspections have highlighted continuing concerns regarding fire preparedness in hospitality properties and other public-use buildings in Lucknow.Read more

11 Jun 2026

Google Cloud has reported network disruptions and elevated latency affecting users in Delhi, Mumbai, Chennai and surrounding regions following a fire at a third-party data centre facility in New Delhi. The incident prompted an emergency shutdown of networking equipment, isolating a local Point of Presence (POP) and reducing network capacity in the National Capital Region. To maintain service continuity, Google rerouted significant volumes of traffic away from the affected facility. However, the shift has resulted in intermittent latency spikes and possible packet loss as demand has exceeded available capacity across several Indian metropolitan areas and regional internet service providers. The company is implementing additional mitigation measures while restoration work continues at the impacted facility.Read more

11 Jun 2026

A proposed government auction of a prime land parcel in Hyderabad’s Banjara Hills, expected to fetch around INR 1,000 crore, has become embroiled in an ownership dispute after private claimants challenged the state's title over the property. The land, located in one of Hyderabad’s most expensive real estate markets, was scheduled to be auctioned by the Telangana government as part of its land monetisation programme. However, competing ownership claims have raised questions over the transaction, prompting legal scrutiny and uncertainty over the sale process. The dispute has attracted significant attention from developers and investors due to the parcel’s strategic location and development potential, highlighting the importance of clear land titles in high-value urban land transactions.Read more

11 Jun 2026

• Environmental groups have raised concerns over ecological management and biosafety practices within Sanjay Gandhi National Park (SGNP).
• An NGO has sought a review of standard operating procedures for captive animal care and habitat management.
• Activists have also highlighted issues related to construction activity and tree loss in the park's eco-sensitive zone.
• The developments have renewed calls for stronger conservation measures and stricter protection of Mumbai's urban forest.Read more

11 Jun 2026

Third-party logistics provider Emiza has launched a 120,000 sq ft warehouse facility in Farrukhnagar, Haryana, aimed at supporting rising demand from the e-commerce and retail sectors across northern India. The facility, which has a pallet capacity of 15,000, 23 loading docks and the ability to process up to 800,000 orders per month, will function as a dedicated returns-processing centre for partner brands. The new warehouse is Emiza’s sixth facility in the Delhi-NCR region and expands its nationwide warehousing network to more than 11 cities across 11 states. The company said the project will enhance supply chain efficiency, strengthen last-mile delivery capabilities and generate over 500 jobs in the region.Read more

11 Jun 2026

Starhill Global REIT has announced the appointment of Tan Peck Mun Kemmy as its new chief executive officer and executive director. The leadership change comes as the real estate investment trust continues to manage and strengthen its portfolio across key markets. As CEO and executive director, Tan will be responsible for overseeing the REIT’s strategic direction, asset management initiatives and overall business operations. The appointment marks an important development for the trust as it focuses on long-term portfolio performance, operational efficiency and value creation for unitholders.Read more

11 Jun 2026

Twenty bungalows in Pune’s Moi Phata area are facing demolition after a committee appointed by the National Green Tribunal (NGT) found that the structures were built within the blue flood line of the Indrayani River. The panel's findings have intensified scrutiny of unauthorised construction in flood-prone zones across the Pune metropolitan region. The proposed action follows a series of enforcement measures undertaken in recent months against similar developments along the river corridor. Authorities are reviewing the committee’s report and legal procedures before initiating demolition, with the case highlighting growing regulatory focus on environmental compliance, floodplain protection and illegal construction activity in ecologically sensitive areas.Read more

11 Jun 2026

Delhi Police have arrested two real estate-linked individuals in connection with the collapse of a multi-storey building in Saidulajab, south Delhi, that claimed six lives and left eight others injured. The arrests follow an investigation into the structure, which housed commercial establishments and was undergoing construction activity on its uppermost floor at the time of the incident. Authorities are examining whether unauthorised additions, structural deficiencies and violations of building regulations contributed to the collapse. The case has intensified scrutiny of illegal construction across south Delhi, prompting civic authorities to identify neighbouring structures that may have breached building norms. The incident has also triggered a wider review of enforcement mechanisms and accountability for unauthorised developments in the capital.Read more

11 Jun 2026

Home loan interest rates in India continue to be influenced by monetary policy decisions, inflation trends and individual borrower profiles, with the Reserve Bank of India maintaining the repo rate at 5.25% in its latest policy review. While benchmark rates have remained stable, lenders continue to assess applicants based on factors such as CIBIL Score, income stability, loan amount and property characteristics. Industry estimates indicate that even marginal differences in borrowing rates can significantly alter monthly EMIs and total repayment obligations over the life of a loan. Borrowers are increasingly using EMI calculators to compare repayment scenarios, assess affordability and evaluate tenure options before approaching lenders. The trend reflects growing awareness among homebuyers of the long-term financial implications associated with home loan borrowing decisions.Read more

11 Jun 2026

Alterra IOS has secured a USD 244 million loan from Blackstone Real Estate Debt Strategies to support the continued growth of its industrial outdoor storage (IOS) platform across the United States. The financing is expected to help the company strengthen its portfolio and pursue expansion opportunities in a sector that has witnessed rising investor interest due to increasing demand from logistics, transportation, construction and equipment-related businesses. The deal highlights the growing role of institutional capital in the industrial outdoor storage segment, which has emerged as a specialised asset class within the broader industrial real estate market.Read more

11 Jun 2026

Delhi Chief Minister Rekha Gupta has clarified that no demolition action will be taken against existing homes and settlements located within the capital’s O-Zone area, following concerns triggered by recent Delhi High Court proceedings on unauthorised construction in the Yamuna floodplain. The assurance came after a high-level meeting involving public representatives, officials from the Delhi Development Authority (DDA) and the Municipal Corporation of Delhi (MCD). The O-Zone, which covers environmentally sensitive areas along the Yamuna floodplain, includes around 91 unauthorised colonies and a dozen villages with an estimated population of 1.5 million people. The government has maintained that while fresh and ongoing unauthorised construction will continue to face action, existing structures are protected from demolition, easing concerns among residents over potential displacement.Read more

11 Jun 2026

• Malahi Pakri Metro Station is expected to become operational soon, marking another milestone for the Patna Metro project.
• The station forms part of the priority corridor aimed at improving connectivity across eastern Patna.
• Its opening will strengthen access to residential and commercial areas while supporting seamless urban mobility.
• The development reflects the steady progress of Bihar's flagship mass transit initiative.Read more