7 minutes ago

Noida and Ghaziabad have transitioned from peripheral extensions of Delhi NCR into established luxury residential markets, supported by early developer investments and infrastructure-led growth. Key corridors such as the Noida Expressway and the FNG Expressway have enabled premium developments across micro-markets including Sector 150, Sector 144, Noida Extension, and Siddharth Vihar. Developers such as Gulshan Group, Nimbus Group, Prateek Group, County Group, and Experion Developers have played a central role in shaping these markets through early entry and premium positioning. The region also recorded 9,677 new residential unit launches in Q1 2026, reflecting a 26% year-on-year increase and sustained demand for high-value housing.Read more

2 hours ago

Authorities have imposed strict timelines for completing drainage and urban infrastructure works to prevent waterlogging during the upcoming monsoon season. The directives include desilting of drains, repair of damaged sewer lines, and clearance of encroachments across identified flood-prone zones. The move follows recurring incidents of urban flooding in previous years, prompting agencies to prioritise time-bound execution of pre-monsoon works. Officials have been instructed to ensure coordination across departments and complete all critical interventions before the onset of heavy rainfall. The initiative is aimed at improving stormwater management capacity, reducing disruption to urban mobility, and strengthening resilience in vulnerable areas through targeted infrastructure upgrades.Read more

3 hours ago

India�s annual infrastructure spending has increased more than six-fold since 2014, crossing INR 12 lakh crore, Prime Minister Narendra Modi stated while inaugurating the Delhi�Dehradun Expressway. The expenditure, which stood at below INR 2 lakh crore annually before 2014, has expanded significantly as part of the government�s focus on roads, railways, logistics, and urban infrastructure. The Prime Minister highlighted that projects worth over INR 2.25 lakh crore are currently underway in Uttarakhand alone. The expressway project, built at a cost of INR 12,000 crore, is expected to reduce travel time and logistics costs. The infrastructure push is positioned as a key driver of economic growth, improved connectivity, and regional development across the country.Read more

4 hours ago

The Jharkhand State Housing Board (JSHB) has directed the cancellation of trade licences issued to commercial establishments operating within residential colonies in Ranchi, following regulatory directions to enforce land-use norms. The move, reported in the past week, affects areas such as Bariatu, Argora and Harmu, where large-scale commercial activity has emerged over time. The action is aligned with a Supreme Court directive requiring states to identify and act against unauthorised commercial use in residential zones. Municipal authorities have begun surveys and issued notices, while halting new licence approvals. The decision has raised concerns among traders, many of whom depend on these establishments for livelihood, and highlights the challenges of balancing zoning compliance with evolving urban economic activity.Read more

17 Apr 2026

India's infrastructure expansion is leading to increased demand for digital twin technology, according to Bentley Systems. The company noted that large and complex projects across transport, utilities and urban development are encouraging the use of data-driven tools. Digital twins help improve planning, execution and long-term asset management through real-time monitoring and predictive insights. Interest is rising among both government bodies and private developers. However, issues such as data integration, lack of standardisation and shortage of skilled professionals continue to limit faster adoption across the sector.Read more

17 Apr 2026

The government of Sweden disclosed that a pro-Russian cyber group attempted to disrupt operations at a thermal power plant in western Sweden during the past year, though the attack was unsuccessful due to built-in safeguards. Authorities indicated that the actor had links to Russian intelligence services. The incident reflects a broader increase in hybrid attacks targeting European infrastructure following the Russia's invasion of Ukraine. While no damage occurred, officials highlighted growing risks to critical energy assets, noting a shift from basic disruption tactics towards more destructive cyber capabilities across the region.Read more

17 Apr 2026

The 125-km Rishikesh-Karnaprayag rail project in Uttarakhand is now expected to be completed by 2028, with Railway Board Chairman Satish Kumar confirming a revised timeline. The project, sanctioned in 2016 and executed by Rail Vikas Nigam Limited (RVNL), was earlier targeted for commissioning by end-2026. The rail corridor, which passes through five districts including Dehradun and Rudraprayag, is designed to enhance connectivity to key religious and tourist destinations such as Devprayag and Karnaprayag. It also features India's longest transportation tunnel at 14.58 km and includes 19 major bridges. The revised timeline reflects execution challenges in difficult terrain while maintaining progress on tunnelling and bridge construction.Read more

17 Apr 2026

Muthoot Finance has raised INR 30 billion through a bond issuance with a tenure of three years and two months, according to bankers involved in the transaction. The non-banking financial company has priced the bonds at an annual coupon of 8.45%. The issue attracted investor participation following the opening of commitment bids. The bonds carry an AA+ rating from CRISIL and ICRA, indicating high credit quality. The fundraising reflects continued activity in India's corporate debt market, with NBFCs tapping bond markets to secure medium-term funding amid stable interest rate conditions.Read more

17 Apr 2026

Over 45,700 residential properties in Nashik are being occupied without mandatory building completion and occupancy certificates from the Nashik Municipal Corporation. Identified largely during a past property survey, these units have already been brought under the tax net despite non-compliance. The highest concentration is seen in Nashik Road, Panchavati and Cidco areas. The city's total property base has grown sharply in recent years, driven by redevelopment and urban expansion. The situation highlights gaps in enforcement, even as civic authorities continue to collect revenue from such properties.Read more

17 Apr 2026

Swedish Logistic Property AB reported a strong start to the year with a notable increase in rental and operating income. Rental income rose by 26% year-on-year, supported by portfolio expansion and stable demand for logistics assets. Net operating income also recorded a similar growth trend. The company has been consistently strengthening its position in the Nordic logistics market, benefiting from long-term leases and tenant demand driven by e-commerce and supply chain optimisation.Read more

17 Apr 2026

Diamond Power Infrastructure Ltd has secured a letter of intent from Adani Electricity Mumbai Ltd for the supply of power cables valued at INR 45.47 crore, inclusive of GST. The contract is scheduled for execution over a one-year period from May 2026 to May 2027. The company clarified that the transaction does not qualify as a related party deal. The order reflects ongoing procurement activity in Mumbai's power distribution network, where utilities continue to invest in infrastructure upgrades and capacity augmentation to support rising electricity demand across the metropolitan region.Read more

Indore News Desk

17 Apr 2026

The Indore Municipal Corporation intensified its action against illegal colonies by demolishing 16 unauthorised row houses in Anjani Nagar and Jagdish Nagar. The constructions were carried out without approvals and included illegal internal infrastructure such as roads and drainage. The civic body also raised concerns over fraudulent sales, where such properties are sold to unaware buyers. The action is part of a wider effort to control unplanned growth, as several unauthorised colonies in the city continue to face scrutiny due to lack of clear titles and planning violations.Read more

17 Apr 2026

Kalpataru Ltd has recorded a 6% year-on-year increase in sales bookings to INR 1,833 crore for the fourth quarter of FY26, compared to INR 1,724 crore in the corresponding period last year. For the full financial year, the Mumbai-based developer reported a 17% rise in pre-sales to INR 5,280 crore from INR 4,531 crore in FY25. The growth reflects sustained housing demand across key markets where the company operates. The performance underscores continued momentum in residential sales despite varying market conditions through the fiscal year.Read more

17 Apr 2026

BasisBank, owned by China-based Hualing Group, has acquired a 95.99% controlling stake in Liberty Bank, the third-largest bank in Georgia by assets. The transaction strengthens the acquirer's presence in the South Caucasus banking sector and aligns with increasing economic engagement between Georgia and China. Liberty Bank held a 5.5% market share as of mid-2025. The deal forms part of Hualing Group's broader strategy of expanding its financial services footprint in Georgia, where bilateral trade with China has seen steady growth in recent years.Read more

Goa News Desk

17 Apr 2026

The Goa government has initiated a INR 150 crore programme to rectify accident-prone black spots across key national highways, with funding support from the Ministry of Road Transport and Highways. The initiative includes engineering interventions such as flyovers, underpasses, slope protection, and junction redesign to improve road safety and traffic flow. Works are underway at multiple locations, including Dhargalim on NH-66, Verna Nuvem, and stretches in Ponda and Vasco. The programme follows safety concerns flagged during earlier inspections and aims to eliminate identified high-risk zones by 2026. The move is part of a broader push to strengthen highway safety infrastructure in the state amid rising traffic volumes and accident incidents.Read more

17 Apr 2026

EaseMyTrip has entered into multiple strategic agreements with corporate and institutional partners in Brazil to expand its footprint in the Latin American travel market. The company has signed MoUs with organisations including AGK Corretora de Cmbio, Neo Sector, AMVALE, DATAGRO, X3 Brazil, and Lummio Technologia. The partnerships are aimed at strengthening its presence in Brazil's corporate travel segment, supported by growing digital adoption and structured travel procurement systems. The move aligns with EaseMyTrip's international expansion strategy, focusing on tapping business travel demand and building local engagement through technology-led solutions in one of the region's largest travel economies.Read more

17 Apr 2026

Stegra has raised around USD 1.7 billion to complete its hydrogen-based steel plant in northern Sweden, strengthening one of Europe's key green industrial projects. The funding, led by the Wallenberg family along with global investors like Temasek and IMAS, will support construction, cover rising costs, and provide financial stability. The project has faced delays due to challenges in scaling green hydrogen and cost pressures. Despite this, investor participation indicates continued confidence in low-emission steel production and long-term industrial decarbonisation efforts.Read more

17 Apr 2026

Brigade Enterprises Ltd has signed a joint development agreement for an 8.63-acre land parcel in Gunjur, East Bengaluru, as part of a larger 39-acre integrated residential township planned in the Whitefield Sarjapur corridor. The project is estimated to generate a gross development value (GDV) of approximately INR 7,200 crore. The township will be developed through a mix of outright land purchases and joint development agreements. The location has seen sustained residential demand driven by infrastructure upgrades, connectivity improvements, and proximity to key employment hubs, making it a significant micro-market in Bengaluru's eastern growth corridor.Read more

17 Apr 2026

The National Highways Authority of India (NHAI) has directed all FASTag issuer banks to immediately validate vehicle registration numbers (VRNs) linked to FASTags to address data inconsistencies in the electronic toll collection system. The move follows complaints of mismatches between FASTag-captured VRNs and actual vehicle number plates, raising concerns over enforcement gaps and potential revenue leakage. NHAI noted that many discrepancies relate to FASTags issued before integration with the VAHAN database, when verification processes were limited. Banks have been instructed to verify issued FASTags and blacklist those linked to incorrect or invalid VRNs. The directive gains importance as India prepares to implement Multi-Lane Free Flow (MLFF) tolling, which relies on accurate vehicle identification for enforcement and penalty issuance.Read more

Mumbai News Desk

17 Apr 2026

Authorities have issued eviction notices to residents of seven slum settlements in Dharavi's Sector 6, asking them to vacate ahead of the monsoon to facilitate redevelopment works. Around 3,500 households on railway land in Matunga have been asked to relocate to enable construction of 10 rehabilitation buildings planned under the Dharavi Redevelopment Project (DRP), which aims to house nearly 11,000 families. The land has been incorporated into the notified redevelopment area, with officials stating that early clearance is necessary to begin construction. Residents and activists have raised concerns over lack of clarity on rehabilitation timelines, eligibility and long-term housing arrangements, despite short-term rental compensation being offered.Read more

Mumbai News Desk

17 Apr 2026

Traffic on the Mumbai Coastal Road has grown nearly seven times in under two years, with average daily usage now crossing 63,000 vehicles. The corridor has handled over 3.16 crore vehicles since opening and has become a key route for South Mumbai commuters due to major travel time savings. Growth picked up after full access and 24-hour operations were introduced. While the road has reduced congestion in some areas, experts point out that benefits are still largely limited to private vehicles, indicating the need for better public transport integration.Read more

Ludhiana News Desk

17 Apr 2026

The Ludhiana Improvement Trust (LIT) conducted a draw of lots for 179 flats under its Atal Apartment housing scheme, attracting strong participation from applicants. The draw covered 43 high-income group (HIG) and 136 middle-income group (MIG) units, with over 1,500 applications received. Held during the Baisakhi period, the event saw public participation and was conducted in the presence of state officials. The project, located at Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later this year. The initiative reflects continued demand for mid-income housing in Ludhiana amid limited public sector residential supply.Read more

17 Apr 2026

The Enforcement Directorate (ED) has arrested Amitabh Jhunjhunwala and Amit Bapna, former senior executives of the Anil Ambani-led Reliance Group, in connection with an alleged bank loan fraud and money laundering case. The arrests relate to transactions involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd, where funds were allegedly diverted through shell entities. The action follows investigations initiated on the basis of FIRs registered by the Central Bureau of Investigation. The accused have been produced before a court, with the ED seeking custody for further interrogation. The case centres on suspected irregularities in loan disbursals and fund utilisation across group-linked financial entities.Read more

17 Apr 2026

Signature Global has entered into a licensing agreement with Italian brand Tonino Lamborghini to develop a branded luxury residential project in Sector 71, Gurugram. The project, spread over 12.40 acres, will comprise 812 apartments under the Tonino Lamborghini Residences Gurugram branding. This marks the brand's entry into India's residential real estate market. The commercial arrangement includes a fixed fee payable in instalments along with a performance-linked component. The developer has not disclosed the project investment. The development reflects the continued expansion of branded residences in India's premium housing segment, particularly in Gurugram, where developers are increasingly partnering with global lifestyle brands to position projects in the upper-end market.Read more

17 Apr 2026

Barratt Redrow has reduced its land approval and spending targets for the current financial year as it adopts a cautious approach due to rising costs and interest rate uncertainty linked to the ongoing Iran conflict. The company now plans to approve fewer land plots and lower its overall investment. This move reflects a broader trend in the UK housing sector, where developers are becoming more selective. Despite these changes, Barratt Redrow has maintained its profit and home completion guidance, though it has indicated limited visibility beyond the current financial year.Read more

17 Apr 2026

ReNew Energy Global Plc has added a record 2.4 GW of renewable energy capacity in FY2026, taking its total operating portfolio to 12.6 GW, making it the second-largest player in the country. This addition includes solar, wind, and battery energy storage systems. After adjusting for 600 MW of asset sales during the year, the company reported strong expansion across its clean energy business. It also has additional capacity under construction expected to be commissioned soon, while its manufacturing and C&I segments continue to expand steadily across solar modules and cells.Read more

17 Apr 2026

ASBL has initiated the Expression of Interest process for its upcoming high-rise gated residential project at RTC X Roads in Hyderabad. The development is positioned in a central location with strong metro, rail, bus, and airport connectivity, along with proximity to Hussain Sagar Lake and key social infrastructure. Spread across 7.98 acres, the project includes three towers of G+50 floors with about 1,500 units, large open spaces, and extensive amenities. It offers 3 and 4 BHK homes in multiple configurations. The launch follows ASBL's previous projects that recorded strong sales performance in Hyderabad's residential market.Read more

Mumbai News Desk

17 Apr 2026

The Dharavi Redevelopment Project is moving forward with plans to build around 11,000 rehabilitation homes on a 35-acre railway land parcel in Matunga. The project targets residents from Sector 6, where clusters are being cleared to enable construction of 350 sq ft units. Authorities have asked residents to shift to transit housing or rental accommodation, offering INR 5,000 as shifting support and rental aid with annual increases. While this marks progress, concerns remain around eligibility, communication, and clarity on permanent housing allocation among affected residents.Read more

17 Apr 2026

Singapore-based DBS has strengthened its presence in Hong Kong's commercial real estate market by acquiring six additional floors at The Center for HKD 2.62 billion (USD 334.29 million). This marks the city's largest commercial property transaction so far this year and takes DBS Hong Kong's total ownership in the building to 14 floors. The move reflects the bank's continued focus on Hong Kong as a key wealth management hub. The deal also signals improving sentiment in the city's office market, supported by stronger capital market activity and renewed demand from mainland Chinese and global firms.Read more

17 Apr 2026

The Haryana government has approved housing projects for 2,646 beneficiaries across 60 urban local bodies under PMAY-U 2.0, targeting EWS, LIG and MIG segments. The scheme continues to see strong demand, with over 1.69 lakh registrations recorded. Financial assistance of INR 2.5 lakh per beneficiary will be provided under the beneficiary-led construction model. The state has also reviewed earlier approvals, fund releases and progress on geo-tagging. Alongside new sanctions, capacity-building plans and monitoring systems have been strengthened to improve execution, quality control and timely delivery of houses.Read more

17 Apr 2026

Deakin University and the Smart Energy Council have joined forces to support India's growing rooftop solar sector by developing a skilled and industry-ready workforce. Backed by the Australian Government's education and climate-related departments, the initiative focuses on building occupational standards, curriculum design, and training systems aligned with global benchmarks. It also includes train-the-trainer models, pilot programmes, and evaluation frameworks for long-term impact. The collaboration aims to combine Australian expertise with India's large-scale renewable energy needs, supporting the country's transition towards clean energy through improved skilling and structured industry alignment.Read more

17 Apr 2026

Dream Industrial Real Estate Investment Trust has announced plans to raise CAD 200 million through a new issuance of senior unsecured debentures under Series H. The move is part of the REIT's ongoing capital strategy to strengthen its balance sheet and support future growth. Such issuances are commonly used by REITs to refinance existing debt and fund acquisitions or development activity. Dream Industrial, which operates a portfolio of industrial assets across key global markets, has been actively managing its capital structure amid evolving interest rate conditions and demand for logistics and warehousing spaces.Read more

Mumbai News Desk

17 Apr 2026

Mumbai has initiated a large slum cluster redevelopment plan covering 19 locations across the city, focusing on integrated development instead of fragmented projects. The scheme targets areas above 50 acres with over 51 per cent slum coverage and is expected to benefit nearly seven lakh residents. The Slum Rehabilitation Authority (SRA) will act as the nodal agency, with multiple execution routes involving government bodies and private developers. The policy also allows inclusion of complex land parcels, including CRZ areas, to unlock land and improve housing, infrastructure and basic services.Read more

17 Apr 2026

The Central Bureau of Investigation carried out searches across 77 locations in eight states as part of an ongoing probe into alleged collusion between builders and financial institutions. The action followed the registration of 22 fresh cases under Supreme Court directions, taking the total to 50 FIRs. The investigation focuses on irregularities linked to subvention schemes, where homebuyers were burdened with loan repayments despite project delays. Officials seized documents and digital records during the searches. The probe aims to track fund diversion, identify accountability gaps and address complaints raised by affected homebuyers across multiple housing projects.Read more

17 Apr 2026

Brookfield Asset Management is looking to divest its 550 MW solar power project in Bikaner, Rajasthan, with an estimated enterprise value of around INR 3,000 crore. The asset is fully operational and backed by long-term power agreements, making it attractive to both domestic and global investors. The move is part of Brookfield's strategy to recycle capital from stable assets and invest in emerging energy segments. The deal reflects growing investor interest in India's renewable energy sector, especially in commercial and industrial power supply projects.Read more

17 Apr 2026

Clean Max Enviro Energy Solutions has entered into a partnership with Sangam India to support the decarbonisation of its manufacturing operations across Rajasthan. The collaboration involves a hybrid renewable energy supply arrangement combining solar, wind, and battery storage to power multiple textile facilities of Sangam India, the flagship entity of the Sangam Group based in Bhilwara. The project is designed to ensure stable, round-the-clock clean power through an intra-state group captive model. CleanMax's existing renewable presence in Rajasthan also supports the execution of this agreement.Read more

17 Apr 2026

Ladakh Lieutenant Governor Vinai Kumar Saxena reviewed progress at the eastern portal of the Zoji La tunnel project in Drass, assessing construction milestones and timelines for the strategically significant corridor. The INR 6,808.69 crore project, being executed by Megha Engineering & Infrastructure Ltd, is expected to achieve tunnel breakthrough by mid-2026, with full completion targeted for early 2028. Officials briefed that advanced tunnelling techniques and safety features are being deployed, although challenging geological conditions have affected progress in certain stretches. The tunnel is intended to provide all-weather connectivity between Srinagar and Ladakh, improving mobility, logistics, and regional access. The review comes amid continued focus on expediting execution of key infrastructure projects in border regions.Read more

17 Apr 2026

Star Mica Holdings Co Ltd has indicated that the suspension of orders by housing equipment manufacturers is unlikely to significantly affect its business performance. The company clarified that its overall exposure to such manufacturers remains limited, helping it manage any short-term disruptions. The development comes at a time when supply chains and demand cycles in the housing equipment segment are seeing some adjustments. Despite this, Star Mica maintains that its diversified operations and revenue streams will support stability. The company's statement aims to reassure stakeholders about its operational resilience.Read more

Patna News Desk

17 Apr 2026

The Patna Municipal Corporation (PMC) has initiated a comprehensive citywide property survey to address revenue leakages and identify discrepancies in property records. The exercise, undertaken in the past week, aims to bridge the gap between over five lakh electricity connections and only around 3.06 lakh registered properties. The survey will involve door-to-door verification, geo-tagging, and cross-checking of self-assessed data to detect unregistered holdings and misuse of residential properties for commercial purposes. The move follows directions from the urban development and housing department and aligns with a Supreme Court mandate requiring states to report unauthorised land-use changes. The initiative is expected to strengthen property tax collection, improve compliance, and enhance municipal financial capacity for urban infrastructure.Read more

17 Apr 2026

China's refined copper consumption is projected to grow steadily over the next decade, supported by long-term industrial and infrastructure demand. A senior researcher from China Minmetals indicated that demand is unlikely to peak soon, with annual growth estimated at 3.7% until 2035. However, growth in the current year is expected to remain muted at around 1% due to slower progress in the energy transition, particularly in solar power, and elevated copper prices. Despite a possible population decline, overall consumption is expected to remain strong due to rising per capita usage and ongoing economic activity.Read more

17 Apr 2026

The under-construction bullet train station at Anand in Gujarat is progressing with structural works nearing completion, with its design drawing from the city's identity as India's Milk City. Developed as part of the Mumbai-Ahmedabad high-speed rail corridor by the National High Speed Rail Corporation Limited (NHSRCL), the station will span 44,073 sq m with a height of 25.6 metres. The three-level structure will feature modern passenger amenities, multimodal connectivity, and design elements inspired by milk droplets. Construction milestones, including slab casting and steel framework, have been completed, with finishing works underway. The station is expected to function as a regional transport hub, improving connectivity within Gujarat's key industrial and urban clusters.Read more

17 Apr 2026

Real estate activity in Dubai has witnessed a decline in transactions and rental demand amid escalating tensions in West Asia, reflecting a temporary impact on investor sentiment. Data indicates that property transactions fell in the early part of the month, while leasing activity also moderated. The slowdown is attributed to geopolitical uncertainty and rising risk perception among global investors. However, the market has continued to demonstrate resilience, supported by underlying demand fundamentals and ongoing project activity. Developers and investors have largely adopted a cautious approach, indicating a wait-and-watch phase rather than a structural downturn. The development highlights the sensitivity of international real estate markets to geopolitical disruptions.Read more

17 Apr 2026

The Mangaluru City Corporation (MCC) has initiated enforcement measures against residential properties discharging sewage into Moilykere lake in Mahakalipadpu, Mangaluru, following persistent pollution concerns. Notices have been served to houses and apartment complexes identified as sources of untreated sewage inflow, with legal action proposed under provisions of the Karnataka Municipal Corporations Act. The issue, raised in the state legislature, prompted a site inspection by the state's urban development authorities. The absence of an underground drainage (UGD) network in the area has been identified as the primary cause, affecting nearly 400 households across adjoining localities. Civic authorities are concurrently working to identify land for a wet well to enable long-pending UGD infrastructure aimed at addressing sewage management and restoring the lake.Read more

17 Apr 2026

Karnataka is planning a 500-acre industrial hub in Mandya with an Automotive Research Association of India (ARAI) centre, expanding an earlier 100-acre proposal. The project aims to build a combined ecosystem for automotive research, testing and manufacturing. Land parcels near Basaralu and Belluru are under review, along with other locations. The hub is expected to attract investment, support electric mobility development and create jobs. The state is also considering a separate land allocation for an Andrew Yule Company unit as part of the broader industrial push in the region.Read more

17 Apr 2026

Serbia has announced plans to jointly manufacture combat drones with Israel as part of its broader effort to modernise its defence sector and expand military exports. The announcement was made by Serbia's President Aleksandar Vucic during a visit to a military unit, where he highlighted that the country cannot independently develop drones at the level of Israel. The proposed collaboration is expected to follow a 50-50 structure, although key details such as investment value, timeline, and the manufacturer involved have not been officially disclosed. The move aligns with Serbia's ongoing military upgrade strategy.Read more

17 Apr 2026

The Tirupati Urban Development Authority (TUDA) has accelerated the long-pending shifting of the Telugu Ganga drinking water pipeline to facilitate a critical road project linking Karakambadi Road and Renigunta Road. The 2.9 km underground pipeline, which has historically constrained infrastructure development due to its zigzag alignment, is being relocated with funding support from TUDA. The initiative, reported in the past week, resolves a major bottleneck that had delayed the road project despite earlier allocations of around INR 19.5 crore by Tirumala Tirupati Devasthanams (TTD). The pipeline relocation, estimated to require around INR 3 crore, is expected to enable road construction and support Tirupati's planned urban growth, improving connectivity and easing congestion in the expanding temple city.Read more

17 Apr 2026

Nuvoco Vistas Corporation reported a sharp rise in consolidated net profit to INR 359.77 crore in FY26 from INR 21.84 crore in FY25, supported by higher volumes and improved operational efficiency. Total income grew to INR 11,362.35 crore. However, the March quarter saw a dip in profit despite higher revenue due to increased costs. The company also approved investments in renewable energy and logistics infrastructure, indicating a continued focus on cost control, sustainability, and regional expansion.Read more

17 Apr 2026

The completion of the Aroor-Thuravoor elevated highway in Kerala has been delayed due to an ongoing dispute between the National Highways Authority of India (NHAI) and the Kerala State Electricity Board (KSEB) over the relocation of extra high-tension power lines. The 12.75 km project, estimated at around INR 2,200 crore and nearing 90 per cent completion, has been stalled for several months as shutdown permissions required for shifting power lines remain pending. While approvals have been granted at two locations, a critical stretch near Aroor continues to hold up construction. The delay has affected timelines for structural completion and traffic opening, with commuters continuing to face congestion along NH-66. The project is intended to ease traffic movement along one of Kerala's busiest corridors.Read more

17 Apr 2026

The Enforcement Directorate (ED) has carried out search operations at multiple premises linked to Gurugram-based real estate group 32nd Avenue in connection with an alleged investor fraud estimated at around INR 500 crore. The action, undertaken in the past week, covered seven locations across Delhi-NCR and Goa as part of a money laundering probe initiated under the Prevention of Money Laundering Act (PMLA). The investigation stems from multiple FIRs registered by the Haryana Police following complaints from investors who alleged financial irregularities and misrepresentation. Authorities indicated that promoter-directors of the group are either absconding or in judicial custody. The probe is focused on tracing the flow of funds and identifying assets potentially linked to the alleged fraud, reflecting continued enforcement scrutiny in high-value real estate transactions.Read more

16 Apr 2026

Nagpur Municipal Corporation has seen a drop in property tax collections despite an increase in the total number of properties. Around 3.76 lakh property owners have not paid their dues, affecting one of the civic body's main revenue sources. Collections remain lower than last year even as targets were raised. Recovery work was also impacted due to election duties, while some zones showed weak compliance. The situation highlights gaps in enforcement and property tracking, even as the civic body continues to explore rebates and stricter recovery measures.Read more