25 minutes ago

A US district court has struck down a Treasury Department rule that required disclosure of beneficial ownership in all-cash real estate transactions. The rule, introduced in 2024 by the Financial Crimes Enforcement Network (FinCEN), aimed to curb money laundering by expanding reporting requirements nationwide. The court ruled that the agency exceeded its authority and failed to justify treating all non-financed transactions as suspicious. The decision marks a setback for efforts to tighten oversight in the real estate sector, where billions of USD have reportedly been laundered over the years.Read more

55 minutes ago

The central government has informed the Rajya Sabha that 10,000 air-conditioned electric buses will be deployed across 116 cities in 26 states and Union Territories by the end of 2027 under the PM e-Bus Sewa Scheme. The programme targets tier-2 and tier-3 cities with populations between 3 lakh and 40 lakh, aiming to improve urban mobility and reduce pollution. So far, tenders for 6,500 buses have been finalised and initial deliveries have commenced. The government has also indicated plans to introduce a second scheme to deploy an additional 35,000 e-buses, with revised guidelines under formulation. Implementation challenges remain in some states, including Bihar, where delays in setting up coordination committees have affected progress.Read more

1 hour ago

Homeland Group, in partnership with VRC, has acquired two prime mixed-use land parcels in Mohali for over INR 1,000 crore through a government-led auction. The transaction includes a 5.5-acre site near the Chandigarh border and a 13-acre parcel in Sector 62, positioning the developers for large-scale integrated projects. With a planned development potential of around 5 million sq ft, the projects will combine residential and commercial components. The deal reflects rising investor confidence in Tier-2 markets such as Mohali, driven by improving infrastructure, strategic location within the Chandigarh tri-city region, and growing demand for premium mixed-use developments.Read more

1 hour ago

A regional aircraft operated by Air Canada Express was involved in an on-ground collision with a vehicle at New York's LaGuardia Airport, leading to temporary closure and operational disruption. The aircraft, arriving from Montreal, struck a fire truck at low speed, causing visible damage to its nose. Reports indicated that four individuals, including the pilots, were injured. Flights were diverted or returned, impacting passenger movement. The incident has drawn attention to airport ground safety, especially at one of the busiest airports in the United States handling over 30 million passengers annually.Read more

Delhi News Desk

2 hours ago

The Delhi government has initiated a structural rehabilitation programme for the Zakhira and Seelampur flyovers, allocating a combined outlay of around INR 35 crore to address ageing infrastructure and safety concerns. The Public Works Department (PWD) has finalised the scope of work, with timelines of approximately 12 months for Seelampur and 18 months for Zakhira. Both flyovers, critical to the city's arterial network, have shown signs of wear due to prolonged usage and heavy traffic loads. The repair works will include replacement of expansion joints, strengthening of structural components and rehabilitation of damaged concrete. The initiative forms part of a broader effort to assess and upgrade older flyovers across Delhi amid increasing pressure on urban transport infrastructure.Read more

2 hours ago

Realty Income Corp has entered into a joint venture with Apollo Global Management and its affiliates, under which the asset manager will invest USD 1 billion for a 49 per cent stake in a retail property portfolio. The platform will own around 500 single-tenant retail assets across sectors such as grocery, quick service restaurants, and drug stores, structured under long-term net lease agreements. Realty Income will retain management control and an option to repurchase Apollo's stake between the seventh and fifteenth year. The transaction, expected to close shortly, reflects continued investor preference for stable, income-generating retail real estate assets with predictable cash flows.Read more

Mumbai News Desk

3 hours ago

The Maharashtra government has ordered a detailed inquiry into alleged financial irregularities of around INR 1,000 crore in a housing project undertaken by the Brihanmumbai Municipal Corporation. The decision follows concerns over potential procedural lapses, fund misallocation, and deviations from approved norms in the execution of the project. Authorities are expected to examine key aspects including tendering processes, contractor appointments, and utilisation of public funds. The probe comes amid heightened scrutiny of large-scale civic housing initiatives in Mumbai, where redevelopment and public housing projects form a significant part of urban planning. The outcome of the investigation is likely to influence governance practices and compliance standards in similar projects.Read more

3 hours ago

Indian Bank has successfully raised INR 50 billion through the issuance of 10-year infrastructure bonds, with a coupon rate of 7.15%. The fundraising saw participation from investors through bids invited earlier during the day. The bonds carry AAA ratings from domestic credit rating agencies, indicating strong credit quality. Infrastructure bonds are typically used by banks to fund long-term projects while also benefiting from regulatory advantages. This issuance aligns with the broader trend of public sector banks tapping debt markets to support credit growth and infrastructure financing needs.Read more

4 hours ago

New Zealand's economy is facing renewed pressure as its long-standing reliance on a strong housing market to drive recovery is not working this time. Despite sharp interest rate cuts by the Reserve Bank of New Zealand, property prices remain significantly below their pandemic peak. Global uncertainties, including the ongoing Middle East conflict, have added to borrowing cost pressures. Weak demand, rising unemployment, and stalled construction activity are further slowing recovery. At the same time, migration outflows and halted real estate projects are worsening the imbalance, raising concerns about how the country will revive growth without support from its housing sector.Read more

4 hours ago

Patel Engineering Ltd has secured a contract worth INR 230 crore for pre-construction works of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan. The project is being developed by Dorjlung Hydro Power Ltd, a joint venture between Druk Green Power Corporation and Tata Power Company Ltd. The award marks the first package of work under the project, which is being developed under a public private partnership model. The hydropower project is expected to support Bhutan's domestic energy requirements while enabling export of surplus electricity to India. The contract reflects continued participation of Indian infrastructure firms in cross-border energy projects in the region.Read more

5 hours ago

alt.f coworking is set to expand its presence in Hyderabad with the launch of a 775-seat premium coworking centre at Meenakshi Tech Park in Gachibowli. Scheduled to open next month, the facility targets small and mid-sized businesses by offering fully serviced, move-in ready offices with no upfront setup costs. The company is also providing a limited-period incentive of 30 days rent-free occupancy for early bookings. Designed with a European-inspired aesthetic, the workspace will include private cabins for teams of 15-50 members, alongside shared amenities. The expansion aligns with growing demand for flexible, cost-efficient office solutions in key business districts.Read more

5 hours ago

Kerry Properties Ltd reported a full-year profit attributable of HKD 938 million, with total revenue reaching HKD 19,568 million. The company also announced a final dividend of HKD 0.95 per share, reflecting its continued commitment to shareholder returns despite a challenging market environment. The results indicate a stable operational performance, though the relatively moderate profit figure may point to ongoing pressures in the real estate sector. Kerry Properties, which has a strong presence in Hong Kong and mainland China, continues to focus on maintaining financial stability and disciplined growth amid evolving market conditions.Read more

6 hours ago

Shapoorji Pallonji Real Estate has launched Nine Arcs, a premium residential project in Santacruz East, Mumbai, featuring a 14-storey tower inspired by European neo-classical architecture. The development includes 137 residential units and 9 commercial spaces, with 2 and 3 BHK homes sized between 671 sq ft and 1338 sq ft. Located near key connectivity points like the Western Express Highway and Bandra Kurla Complex, the project offers rooftop amenities, curated retail, and private decks. Prices start from INR 2.99 crore, targeting professionals and urban homebuyers.Read more

6 hours ago

IHG Hotels & Resorts has entered into a management agreement with Harisons Hotels & Resorts to develop a 150-key Crowne Plaza Resort in Sohna, located in the National Capital Region. The project is scheduled to open in the first quarter of 2029 and is positioned to cater to both leisure and corporate demand in an emerging hospitality corridor. Sohna has been identified as a growth location due to increasing demand from weddings, social events and expanding business activity. IHG currently operates 51 hotels across six brands in India and has a pipeline of 89 additional properties expected to be launched over the next three to five years, reflecting continued expansion in the domestic hospitality sector.Read more

7 hours ago

The Supreme Court has allowed the Brihanmumbai Municipal Corporation (BMC) to remove more than 45,000 mangroves for the proposed Versova-Bhayandar coastal road project in north Mumbai, which carries an estimated cost of INR 18,263 crore. The decision, delivered in the past week, upholds earlier approvals while directing the civic body to undertake compensatory afforestation and submit annual compliance reports to the Bombay High Court for a decade. The project forms part of the northern extension of Mumbai's coastal road network and is expected to significantly reduce travel time between Versova and Mira Bhayandar. The ruling balances infrastructure development with environmental safeguards, mandating restoration measures alongside project execution.Read more

7 hours ago

Real estate developers across India have started experiencing supply disruptions in key construction materials due to ongoing geopolitical tensions in West Asia, according to industry bodies CREDAI and NAREDCO. While construction activity remains largely stable, shortages of materials such as steel, PVC products, wires, pipes and glass are being reported, alongside pressures in ceramic manufacturing hubs. Developers have indicated that prolonged disruptions could lead to higher input costs, project delays and potential increases in housing prices. The sector, which recorded housing sales of 6.14 lakh units across top cities last year with a total value of INR 8.46 lakh crore, may face pricing pressures if global volatility continues.Read more

8 hours ago

The Himachal Pradesh Vidhan Sabha has approved a supplementary budget of INR 40,461.95 crore for 2025-26, with significant allocations towards infrastructure, power, disaster management, and public services. Of the total outlay, INR 36,374.61 crore has been earmarked for state schemes and INR 4,087.34 crore for centrally sponsored programmes. Key provisions include funding for road development, water supply, healthcare infrastructure, and urban projects such as shopping complexes and flyovers. Substantial allocations have also been made towards power sector restructuring, disaster relief, and transport subsidies. The budget reflects a focus on infrastructure expansion and addressing liabilities, alongside continued investment in social and development programmes across the state.Read more

8 hours ago

The central government is evaluating a policy framework that would allow entities based in Gujarat International Finance Tec-City (GIFT City) to register ships overseas under a calibrated model similar to the Indian Controlled Tonnage scheme. The proposal would permit a "one-in-one-out" approach, enabling companies to register one vessel abroad and the next under the Indian flag. The move follows representations from the International Financial Services Centres Authority seeking regulatory relaxations to strengthen GIFT City as a global ship leasing hub. At the same time, the government is balancing concerns from domestic shipowners about potential loss of Indian tonnage and policy advantages linked to cargo support mechanisms such as the Right of First Refusal.Read more

9 hours ago

Max Estates Ltd has launched a residential project, 'Estate 105', in Sector 105, Noida, with an estimated gross development value (GDV) of INR 3,000 crore for the first phase. The development is part of a larger 10.33-acre planned community and will comprise 270 residential units across two towers. The company indicated that the GDV reflects the expected sales value of units offered within the initial phase. The launch adds to Max Estates, portfolio in the Delhi-NCR region, where it continues to expand its residential presence. The project comes amid ongoing activity in the Noida housing market, driven by demand for organised residential developments.Read more

Bangalore News Desk

9 hours ago

A set of residential developments in East Bengaluru—Ramky Fortuna in Whitefield, 2G Tula in Hoodi, and Sowparnika Whispering Petals in Hoskote—illustrate varying approaches to housing demand in the region. These projects cater to different buyer segments, offering a mix of ready-to-move-in and under-construction options with pricing ranging from around INR 40 lakh to over INR 1.8 crore. While Ramky Fortuna focuses on township-style living and scale, 2G Tula emphasises low-density community design and premium configurations, and Sowparnika Whispering Petals targets affordability with flexible payment structures. The developments reflect broader trends in East Bengaluru, where infrastructure growth, proximity to IT corridors, and evolving buyer preferences continue to shape residential demand and project positioning.Read more

10 hours ago

The Andhra Pradesh government has initiated development of a large-scale steel manufacturing facility by ArcelorMittal Nippon Steel India in Nakkapalli mandal, Anakapalli district, with an estimated investment of INR 1.36 lakh crore. The project will be developed over 5,465 acres in two phases, with a total planned capacity of 17.8 million tonnes per annum. The first phase will deliver 7.3 million tonnes, followed by 10.5 million tonnes in the second phase. The project is expected to generate around one lakh direct and indirect jobs. In addition, a captive port with a capacity of 50 million tonnes per annum is planned at an investment of INR 11,198 crore, alongside supporting infrastructure including road connectivity to National Highway 16.Read more

10 hours ago

The government has approved a limited-period INR 20,000 crore Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0) to address funding challenges faced by the sector. The scheme, operational until end-June, will cover loans extended by banks and other lenders to microfinance institutions (MFIs) and NBFC-MFIs for onward lending to small borrowers. It introduces caps on interest rates, loan tenures, and exposure limits, while mandating allocation of funds across small and mid-sized MFIs. The move comes amid rising non-performing assets in the sector, which have constrained access to bank funding. Industry bodies have welcomed the initiative, stating it will improve liquidity and support credit flow to underserved segments.Read more

11 hours ago

Max Fashion has outlined plans to open 40-50 stores across India over the next year while targeting 100 outlets in Tamil Nadu within two years. The retailer recently launched its 34th store in Chennai and 71st in the state, reinforcing its focus on high-growth urban markets. The new outlet in Valasaravakkam spans 14,000 sq ft and reflects the brand's updated store format featuring dedicated sections for men, women and children. The company views Chennai as a key market for expansion due to its strong consumer base and evolving fashion demand. The expansion strategy includes both new store openings and upgrades to existing outlets to align with the new retail format.Read more

11 hours ago

Dubai's property market is showing early indications of weakening amid ongoing geopolitical tensions linked to the US Israel conflict with Iran. Transaction volumes in the UAE have declined sharply, with estimates indicating a 37 per cent year-on-year drop and a 49 per cent month-on-month fall in early March. Some sellers have begun offering discounts of 12-15 per cent, particularly in premium locations such as areas near Burj Khalifa and Palm Jumeirah. While analysts point to increased downside risks, including slower population growth and potential price corrections, market participants note that activity continues, with selective demand emerging for discounted assets. The situation reflects evolving investor sentiment in a market previously driven by strong capital inflows.Read more

12 hours ago

Goldman Sachs and ICICI Prudential Mutual Fund have jointly acquired over 43.40 lakh shares of DLF Ltd through open market block deals, amounting to a combined investment of approximately INR 230.81 crore. Each entity purchased 21.70 lakh shares at an average price of INR 531.7 per share, representing a 0.17 per cent stake in the Gurugram-based developer. The shares were offloaded by Baillie Gifford & Co. through its affiliates and Best Investment Corporation, a subsidiary of China Investment Corporation. The transaction reflects continued institutional activity in listed real estate stocks, with DLF shares closing marginally lower on the Bombay Stock Exchange following the deal.Read more

12 hours ago

The renovated terminal building at Devi Ahilyabai Holkar Airport in Indore will be inaugurated by the Civil Aviation Minister via video conference, increasing the airport's annual passenger handling capacity to 50 lakh. The upgraded facility, developed at a cost of INR 50 crore, will function as an additional terminal, taking the total number of terminals at the airport to two. The existing terminal currently handles 40 lakh passengers annually, while the new facility will add capacity for another 10 lakh. The inauguration will also include the launch of a subsidised food outlet under the Udaan Yatri Cafe initiative, aimed at offering affordable refreshments to travellers.Read more

13 hours ago

Thomas Cook India Ltd has approved an in-principle proposal to demerge its resorts and resort management business into Sterling Holiday Resorts Ltd (SHRL), enabling a potential independent listing of the subsidiary. The move includes transferring the company's Nature Trails resort portfolio into SHRL and restructuring its capital base. Shareholders of Thomas Cook India will receive 0.81 shares of SHRL for every one share held. The restructuring also involves a share consolidation and is subject to regulatory approvals, including from the National Company Law Tribunal. The company stated that the demerger is aimed at streamlining operations and improving earnings per share while allowing SHRL to operate as a separate listed hospitality entity.Read more

13 hours ago

A United States district court has struck down a Treasury Department rule that required disclosure of beneficial ownership in all-cash real estate transactions, dealing a setback to efforts to curb money laundering in the property sector. The rule, introduced by the Financial Crimes Enforcement Network in 2024, aimed to expand existing disclosure requirements nationwide. The court held that the agency had exceeded its statutory authority and failed to justify treating such transactions as inherently suspicious. The decision restores the earlier framework under which disclosure rules applied only in select cities. The ruling comes amid concerns over illicit funds flowing into real estate, with estimates indicating billions of dollars laundered through US property markets.Read more

14 hours ago

Godrej Properties Ltd and Lodha Developers Ltd have significantly expanded their land banks during the current financial year, acquiring over 25 parcels with a combined development potential exceeding INR 1 lakh crore. The aggressive expansion reflects sustained confidence in India's residential market, particularly in premium and luxury segments. Lodha has secured 11 land parcels with an estimated sales value of INR 58,800 crore, while Godrej Properties has added nearly 20 parcels with a projected development value of INR 42,000 crore. Both firms are targeting key urban markets and leveraging outright purchases as well as joint development agreements to scale their pipelines.Read more

14 hours ago

The Centre has invited bids to establish manufacturing facilities for sintered rare earth permanent magnets with a total capacity of 6,000 metric tonnes per annum under an INR 7,280 crore incentive scheme. Issued by the Ministry of Heavy Industries, the tender seeks proposals for integrated NdFeB magnet units through a two-stage bidding process. The scheme offers capital subsidies and sales-linked incentives, with capacity allocation ranging between 600 and 1,200 MTPA per unit. It also includes assured raw material supply for select bidders. The initiative aims to build a domestic value chain for critical components used in electric vehicles, renewable energy, and defence, while reducing dependence on imports, particularly from China.Read more

15 hours ago

The Network Planning Group under PM Gati Shakti has reviewed a series of infrastructure projects aimed at improving multimodal connectivity and logistics efficiency across India. The evaluation covered rail, metro and highway developments aligned with integrated planning and last-mile connectivity goals. Key proposals include railway line expansions in Tamil Nadu and Karnataka, metro network additions in Mumbai and Pune, and a strategic tunnel project in Ladakh. These initiatives are expected to reduce travel time, enhance freight movement, and improve regional accessibility, supporting economic activity across key corridors.Read more

15 hours ago

Tathastu Realty plans to invest INR 500 crore to develop an affordable housing project in Rewari, Haryana, comprising 3,354 residential units under the state's affordable housing policy. The apartments are priced at around INR 30 lakh each, with a base rate of INR 4,500 per sq ft for a 645 sq ft unit, along with an additional balcony component. The project has received more than 8,000 applications, with allotments finalised through a draw system as per policy norms. The development reflects sustained demand for budget housing in emerging markets within the National Capital Region, particularly among first-time homebuyers seeking regulated and cost-effective residential options.Read more

16 hours ago

Janus Living, a senior housing-focused real estate investment trust, has raised USD 840 million through an upsized initial public offering in the United States after pricing shares at the top end of the indicated range. The company sold 42 million shares at USD 20 each, exceeding its initial plan of 37 million shares. Carved out from Healthpeak Properties, the REIT operates 34 senior living communities across 10 states, with a concentration in Florida and Texas. Healthpeak will retain a controlling stake post-listing. The offering comes amid volatile market conditions, highlighting continued investor interest in senior housing assets driven by demographic demand in ageing populations.Read more

16 hours ago

The Telangana High Court is set to hear a petition challenging the demolition of houses built on Bhoodan land in Khammam district, where around 20 daily wage workers claim their homes were razed without prior notice. The petitioners state that the land had been allotted to them by the Bhoodan Yagna Board and that valid pattas were issued. Authorities, however, have classified the occupants as encroachers and initiated possession proceedings. The case highlights ongoing legal disputes over Bhoodan land ownership and enforcement, raising concerns around due process, rehabilitation, and property rights for economically vulnerable residents.Read more

17 hours ago

Paranjape Schemes Construction Ltd plans to invest around INR 700 crore to develop four residential projects in Pune as part of its expansion strategy. The projects, located in Pune West, will collectively offer around 1,400 units across 1.75 million sq ft, with an estimated revenue potential of approximately INR 1,175 crore. The launches are aligned with the festive season, traditionally a key period for housing demand in India. The company is also progressing with three large integrated township developments. The expansion comes against the backdrop of a decline in Pune's housing sales volumes in the past year, reflecting changing market conditions in the residential segment.Read more

Bangalore News Desk

17 hours ago

The Karnataka government is exploring a strategic collaboration with Japan to implement advanced smart city solutions in Bengaluru, focusing on urban infrastructure, sustainability, and technology integration. The initiative, facilitated through Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT), aims to address key urban challenges including mobility, wastewater management, energy efficiency, and disaster resilience. The Greater Bengaluru Authority is expected to act as the nodal agency for execution. The proposed framework will allow Japanese companies to partner with cities to design and deploy solutions backed by institutional support. The move aligns with Karnataka's broader push to develop future-ready, citizen-centric urban ecosystems while leveraging global expertise to improve service delivery and infrastructure efficiency.Read more

18 hours ago

Shubham Housing Development Finance has raised USD 96 million (approximately INR 870 crore) from investors including LeapFrog Investments and Creador to support its expansion in India's affordable housing finance segment. The transaction strengthens the lender's shareholder base while also enabling partial exits for early investors. The company, which focuses on underserved borrowers without formal income documentation, has witnessed strong growth, with assets under management reaching around INR 7,500 crore as of late last year. With operations spanning 200 branches across 12 states, the fresh capital will be used to deepen its reach among emerging middle-income households and first-time homebuyers.Read more

18 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties of INR 5 lakh each on three real estate projects for promoting and selling units without mandatory registration under the Real Estate (Regulation and Development) Act, 2016. The action, taken during the authority's 198th meeting, involved projects in Noida and Lucknow, including Estate 105, Sobha Rivana, and Avikalp Estate. Investigations revealed that these developments were marketed and, in some cases, sold prior to obtaining regulatory approval. UP-RERA noted that developers failed to provide satisfactory responses to notices issued earlier, prompting enforcement action. The move forms part of a broader crackdown on unauthorised real estate activities to enhance transparency and safeguard homebuyer interests.Read more

19 hours ago

HCLFoundation has announced the winners of the 11th edition of the HCLTech Grant, awarding a total of INR 24 crore to 12 non-governmental organisations across water, biodiversity, healthcare, and education sectors. Four organisations will receive INR 5 crore each, while eight others will be granted INR 50 lakh each. The latest edition marks the introduction of water as a standalone category, reflecting increased focus on resource management. Selected from over 7,000 applications nationwide, the winning projects span multiple states and focus on community-led initiatives. The grant programme, the CSR arm of HCLTech, continues to support large-scale social development efforts across rural India.Read more

19 hours ago

India's purpose-built student accommodation (PBSA) sector remains significantly underpenetrated, with less than 2 per cent market penetration despite a growing and mobile student population, according to Hive Hostels CEO. The country has over 43 million students in higher education, including more than 10 million who migrate across cities, yet most rely on informal housing options due to limited organised supply. In contrast, mature markets such as the US and UK report PBSA penetration levels of 35-40 per cent. The gap is attributed to a lack of institutional-grade infrastructure rather than demand, indicating strong potential for developers and operators to scale organised student housing solutions.Read more

20 hours ago

Mumbai's Metro network has expanded its digital ticketing ecosystem by enabling commuters to book Metro Line 2A and 7 tickets directly through the Uber app via ONDC. This integration allows QR-based ticketing with a 50% discount up to INR 10, improving convenience and reducing paper usage. Supported by multiple platforms including Mumbai One App and WhatsApp ticketing, the initiative strengthens first- and last-mile connectivity. Officials from the state government and MMRDA highlighted its role in creating a unified, commuter-friendly digital transport ecosystem across Mumbai.Read more

21 hours ago

Bank of Baroda has introduced a credit line facility on the Unified Payments Interface (UPI) platform for women self-help group members holding Pradhan Mantri Jan Dhan Yojana accounts, enabling overdraft access of INR 5,000 without branch visits. The facility allows direct merchant payments and has been rolled out in collaboration with institutions including NPCI and the Indian Banks Association. In parallel developments, Tata Consultancy Services has extended its technology partnership with Swissport for five years, while the Reserve Bank of India has approved the amalgamation of Lalbaug Co-operative Bank with Akhand Anand Co-operative Bank. The updates reflect ongoing digital banking expansion, consolidation in the co-operative banking sector, and continued enterprise technology partnerships.Read more

22 hours ago

Gujarat is integrating its RERA-registered real estate projects with the PM Gati Shakti platform to improve monitoring, approvals and urban planning efficiency. The move will allow authorities to align projects with infrastructure networks, enhance geospatial visibility of housing clusters and enable cross-verification of land parcels with environmental and regulatory zones. By linking town planning data with real estate registrations, the initiative is expected to streamline inter-departmental coordination and reduce approval timelines. The integration reflects a broader push towards data-driven governance in real estate, improving transparency while supporting infrastructure-led development and more efficient service delivery across rapidly growing urban areas.Read more

Ahmedabad News Desk

23 hours ago

The Ahmedabad Municipal Corporation (AMC) has demolished 20 residential houses and four shops in the Narol area to facilitate the development of an 18-metre-wide road under Town Planning Scheme 60. The action, carried out after prior notices to occupants, cleared approximately 3,510 square metres of land required for a 195-metre road stretch. Officials stated that the structures were obstructing the approved road alignment and had not been voluntarily removed despite warnings. The demolition was executed in the presence of police to ensure compliance and maintain order. The move forms part of the city's broader infrastructure push aimed at improving urban mobility and implementing planned development layouts across emerging corridors in Ahmedabad.Read more

23 Mar 2026

Railway-focused EPC firm Trenzet Infra Ltd has filed draft papers with the Securities and Exchange Board of India to raise capital through an initial public offering. The issue comprises a fresh equity issuance of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters. The proceeds will be deployed towards working capital needs, procurement of construction equipment, and general corporate purposes. The company, which specialises in railway and allied infrastructure projects, reported revenue of INR 333.41 crore and a profit of INR 26.95 crore in FY25, with a strong order book of around INR 1,600 crore.Read more

23 Mar 2026

Zenlayer has introduced its Fabric Port service in Singapore, aiming to simplify how enterprises connect and expand their digital infrastructure globally. The service acts as a single access point, allowing businesses to create virtual connections to cloud platforms, data centres, internet exchanges, and network providers. With support for speeds up to 400 Gbps, it is designed to meet the needs of distributed AI infrastructure requiring fast and reliable connectivity. Singapore has been chosen as the first launch market due to its role as a key global interconnection hub, with plans to expand to other major regions.Read more

23 Mar 2026

State-run power producer NTPC has entered into a memorandum of understanding with UK-based Octopus Energy Group to jointly explore opportunities across electricity distribution, renewable energy, and storage segments. The agreement, signed at the Bharat Electricity Summit 2026 in New Delhi, outlines a non-binding framework for collaboration in India, the UK, and other mutually agreed markets. The partnership will also examine areas such as electric vehicle charging infrastructure, digital energy platforms, research and development, and capacity building. The initiative is aimed at improving efficiency, affordability, and reliability in power systems while supporting the expansion of clean energy solutions in multiple geographies.Read more

Hyderabad News Desk

23 Mar 2026

WeWork India has secured a managed office agreement worth approximately INR 475 crore with TMUS India for a large workspace in Hyderabad. The project spans over 2.5 lakh sq ft across five floors and will accommodate more than 1,500 workstations under a long-term arrangement. The deal reflects sustained demand for flexible and managed office solutions from multinational corporations and global capability centres. Hyderabad continues to attract large occupiers due to its established technology ecosystem and commercial infrastructure. The transaction highlights a shift in leasing preferences towards customised, scalable workspaces managed by specialised operators rather than conventional long-term leases.Read more

23 Mar 2026

Singapore's High Court has dismissed applications by Standard Chartered Bank (Singapore) and BSI Bank to participate in winding-up proceedings involving entities linked to the 1Malaysia Development Berhad (1MDB) case. The court ruled that the banks did not have legal standing in four cases initiated by British Virgin Islands-based companies in liquidation, including entities holding real estate-related assets. The proceedings are part of efforts to recover funds allegedly misappropriated from the Malaysian sovereign wealth fund. The ruling follows an earlier decision rejecting attempts by liquidators to pursue claims against the banks in Singapore, reinforcing legal limits on participation in cross-border insolvency matters.Read more

23 Mar 2026

State-owned NBCC has been awarded a contract valued at INR 5,800 crore to develop the Rajasthan Mandapam project in Jaipur by the Rajasthan State Industrial Development & Investment Corporation (RIICO). The project, located near Jaipur International Airport, spans over 90 acres with a built-up area exceeding 94.53 lakh sq ft. Planned as a large mixed-use development, it will include a convention centre, exhibition halls, Global Capability Centres, IT/ITES office spaces, hotels, retail zones, residential units, and public infrastructure such as a museum and riverfront spaces. NBCC will execute the project under a self-financing model and is expected to initiate the tendering process shortly.Read more