SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

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Tamil Nadu eyes INR 37,000 crore defence electronics manufacturing hub by 2040

13 minutes ago

Tamil Nadu has the potential to build an INR 37,000 crore defence electronics industry by 2040, according to a roadmap presented by the Defence Research and Development Organisation (DRDO). The projection estimates the state could capture 20–25% of India's defence electronics market, supported by its manufacturing ecosystem, defence corridor and semiconductor capabilities. The roadmap also outlines an annual export opportunity of up to INR 10,000 crore through expanded electronics, aerospace and defence manufacturing.Read more

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Bonava to sell over 500 apartments in Sweden for SEK 1.3 billion

43 minutes ago

Bonava has signed an agreement to sell more than 500 apartments in the Norrbodahöjden residential development in Sweden for approximately SEK 1.3 billion. The transaction reflects the company's continued focus on investor sales and strengthening cash flow amid improving housing market conditions. The project forms part of Bonava's broader strategy of developing large-scale residential communities across its core European markets. The company has recently completed several investor transactions in Sweden, Finland and Germany as demand from institutional buyers has gradually recovered following a challenging period for the housing sector.Read more

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BMC to Initiate Police Action Against Contractor After Fatal Sakinaka Manhole Incident

Mumbai News Desk

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) has decided to file a police complaint against the contractor responsible for drain repair work at Mumbai's Sakinaka after a 55-year-old man died by falling into an open manhole during heavy rain. The civic body has also suspended four officials pending an inquiry and announced disciplinary action, with the incident sparking renewed scrutiny of safety protocols at civic work sites. The tragedy has intensified calls for stricter supervision of contractors and stronger safeguards during monsoon infrastructure works.Read more

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MSC to acquire 49% stake in Adani's Vizhinjam Port for INR 13,220 crore

1 hour ago

Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port operating arm of MSC Group, for INR 13,220 crore (USD 1.397 billion). The transaction values the Kerala transhipment port at USD 2.85 billion and marks the largest foreign private investment in India's port infrastructure, while supporting the port's ongoing capacity expansion.Read more

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NBCC awards INR 955 crore construction contracts in first quarter of FY27

2 hours ago

State-owned NBCC has awarded nine construction contracts worth INR 955.13 crore during the first quarter of FY27, covering projects across Jammu & Kashmir and West Bengal. The largest order, valued at INR 334.74 crore, is for the first phase of the Central University of Kashmir campus in Ganderbal. The company has also awarded a nearly INR 200 crore township project for Damodar Valley Corporation in West Bengal. Separately, NBCC recently signed an agreement with the Andhra Pradesh government to construct a new Andhra Pradesh Bhawan in New Delhi at an estimated cost of INR 105.5 crore.Read more

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JSW Infrastructure raises INR 7,503 crore through landmark QIP to fund INR 39,000 crore expansion

2 hours ago

JSW Infrastructure has raised INR 7,503 crore through a Qualified Institutional Placement (QIP), comprising a primary issue of INR 6,555 crore and a promoter offer-for-sale. The capital will fund the company's INR 39,000 crore multi-year capital expenditure programme, strengthen its institutional investor base and support compliance with minimum public shareholding norms. The transaction is the first in India to combine a primary issuance and promoter OFS within a single QIP structure.Read more

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Uganda secures EUR 110.5 million financing from Standard Chartered for Karamoja road project

3 hours ago

Uganda has signed a financing agreement worth EUR 110.5 million (USD 126.1 million) with the local unit of Standard Chartered to support the construction of a 115.8-km road in the Karamoja region. The project is expected to reduce transport costs, improve regional trade, and strengthen connectivity in the mineral-rich northeastern region bordering Kenya. The road will also support major ongoing investments, including a USD 300 million cement plant and a USD 72 million international airport, as the government continues to improve infrastructure to boost economic growth.Read more

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Two Ceiling Slab Collapses Across Mumbai Claim Two Lives, Raise Fresh Building Safety Concerns

Mumbai News Desk

3 hours ago

Two separate ceiling slab collapse incidents in Mumbai and Navi Mumbai have claimed two lives, once again drawing attention to the structural safety of ageing residential buildings during the monsoon. One tragedy occurred in Kamothe, where a man died after the ceiling of his bedroom collapsed while he was asleep, while another fatal incident was reported in South Mumbai. The accidents have renewed concerns over delayed structural audits, ageing infrastructure and the urgent need for preventive maintenance before the rainy season.Read more

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Bihar Pushes for Fast-Track Approval of INR 15,000 Crore Road Projects

4 hours ago

The Bihar government has sought expedited approval from the Centre for road infrastructure projects worth nearly INR 15,000 crore, aiming to accelerate connectivity across the state. Deputy Chief Minister Samrat Choudhary raised the matter during a meeting with Union Road Transport and Highways Minister Nitin Gadkari, requesting quicker clearances for key national highway proposals. The discussions also covered larger road investments worth over INR 53,000 crore that are at various stages of planning and execution, reflecting Bihar's continued focus on strengthening transport infrastructure and supporting regional economic growth.Read more

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Inox Clean raises INR 700 crore from Adar Poonawalla Family Office to support expansion plans

4 hours ago

Inox Clean Energy Limited has secured INR 700 crore in fresh funding from Rising Sun Holdings Pvt Ltd, part of the Adar Poonawalla Family Office, at a valuation of INR 70,000 crore. The investment follows an earlier INR 800 crore infusion from CalPERS and strengthens the company's financial position as it expands its renewable energy and solar manufacturing businesses. The funding reflects continued investor confidence in Inox Clean's growth strategy, execution capabilities, and long-term plans, including scaling its renewable energy generation and integrated solar manufacturing capacities by FY28.Read more

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Delhi sets October 31 deadline for property applications in unauthorised colonies

5 hours ago

The Delhi government has fixed October 31, 2026, as the final date for residents of 1,511 unauthorised colonies to apply for conveyance deeds and authorisation slips under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY). The decision follows a lower-than-expected response since the application process resumed earlier this year, with only around 2,000 applications received. The deadline is intended to encourage eligible property owners to complete the regularisation process and secure legal ownership documents required for property registration. The Revenue Department has also established dedicated PM-UDAY Cells across all district magistrate offices to facilitate applications and document issuance.Read more

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Nambiar Builders will invest INR 1,900 crore in the third phase of its Bengaluru township

5 hours ago

Nambiar Builders has announced an investment of INR 1,900 crore to develop the third phase of District 25, its integrated township project in Bengaluru. The new phase will comprise premium residential apartments spread across 21 acres, with a saleable area of approximately 3.6 million sq ft. Located on Sarjapur Road, the township is designed as a mixed-use development featuring residential, commercial and lifestyle infrastructure. The investment reflects the developer's confidence in Bengaluru's sustained housing demand and the growing preference for large, integrated township projects offering comprehensive urban amenities.Read more

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Sterling and Wilson Renewable Energy secures USD 560 million solar project in Egypt

6 hours ago

Sterling and Wilson Renewable Energy Ltd (SWREL) has secured an engineering, procurement and construction (EPC) contract valued at approximately USD 560 million for the West Minya Solar Power Project in Egypt. The project has been awarded to a 50:50 joint venture between SWREL and Hassan Allam Construction. Located in Egypt's Minya Governorate, the development will comprise a 1,000 MW utility-scale solar power plant integrated with a 600 MWh Battery Energy Storage System (BESS). Upon completion, it is expected to become one of the country's largest renewable energy projects, with the joint venture responsible for delivering the complete EPC scope, including grid connectivity and associated infrastructure.Read more

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BMC forms probe panel after fatal Chembur tree collapse exposes urban infrastructure safety concerns

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) has constituted a two-member inquiry committee following the fatal collapse of a peepal tree on a school bus in Chembur, Mumbai, which claimed the life of an 11-year-old student and injured four others. The civic body has also suspended officials pending investigation and ordered a citywide reinspection of potentially hazardous trees. The incident has renewed scrutiny of Mumbai's urban infrastructure, particularly the coordination between road construction and tree maintenance, after reports indicated earlier warnings over root damage in the area. The inquiry will examine the cause of the collapse and recommend measures to strengthen public safety during the monsoon.Read more

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Delhi extends 10% property tax rebate deadline to July 31

7 hours ago

The Municipal Corporation of Delhi (MCD) has extended the deadline for property owners to avail a 10% rebate on lump-sum property tax payments for the 2026–27 financial year until July 31. The concession was previously available for payments made by June 30. The civic body said the extension aims to give more taxpayers an opportunity to benefit from the rebate, particularly those who were unable to make payments within the original timeframe. Delhi Mayor Pravesh Wahi stated that the decision would support timely tax compliance while strengthening the corporation's revenue base, which is used to fund civic infrastructure, sanitation, healthcare, public amenities and other municipal services across the national capital.Read more

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Goa approves ‘Mhajo Flat’ scheme to grant ownership rights to flat owners

7 hours ago

The Goa Cabinet has approved the ‘Mhajo Flat’ scheme to provide legal ownership rights to thousands of flat owners who have been unable to obtain title to their properties because of disputes between developers and landowners or incomplete conveyance procedures. Announced in the past week, the initiative includes amendments to the Goa Cooperative Societies Act, the Indian Stamp Act and related revenue provisions to facilitate unilateral deemed conveyance. The state government said the scheme would enable cooperative housing societies to secure conveyance even where developers have abandoned projects or legal disputes remain unresolved. It also introduces concessional stamp duty and registration charges to simplify the process and is expected to support the redevelopment of ageing residential buildings across Goa.Read more

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Sumou Real Estate signs project development agreement for mixed-use project in Jeddah

8 hours ago

Sumou Real Estate Company has signed a project development management agreement with Arch 3 for a mixed-use development in Jeddah. The agreement, signed for the benefit of Arch Real Estate Development Fund 3, will run for 36 months and covers the complete management of the project's development. Sumou will receive a development management fee equivalent to 10% of the construction contract value and an additional marketing fee of 3% of the project's total sales value. The development will have a built-up area of around 57,000 square metres.Read more

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Crib acquires CirclePe to strengthen AI-powered property management platform

8 hours ago

• Proptech startup Crib has acquired rent financing platform CirclePe to expand its offerings for the co-living, hostel and paying guest (PG) accommodation segment.
• While the companies did not disclose the financial details of the transaction, the acquisition is expected to strengthen Crib's integrated property management ecosystem.
• CirclePe enables tenants to rent accommodation without paying a security deposit by advancing rent payments to operators.
• The acquisition is aimed at enhancing financial solutions for tenants and improving cash flow for co-living and hostel operators.
Read more

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Gadkari highlights technology's role in improving road safety and emergency response

9 hours ago

Union Road Transport and Highways Minister Nitin Gadkari has underlined the role of technology in improving road safety, enhancing public awareness and strengthening emergency response systems as India continues to record a high number of road accidents and fatalities. Speaking at an event organised by Uber earlier this week, the minister said adherence to traffic rules, coupled with technology-driven interventions, could help reduce road deaths. He outlined the Centre's initiatives, including the Rah-Veer (Good Samaritan) Scheme, nationwide cashless treatment for accident victims and investments in eliminating accident-prone black spots. Uber also announced new safety features and partnerships aimed at improving rider and driver safety.Read more

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M3M Group to invest INR 10,000 crore in construction and land acquisition this fiscal

9 hours ago

M3M Group plans to invest INR 10,000 crore during the current financial year, with a major focus on accelerating construction and acquiring new land parcels to support future growth. The Gurugram-based developer will fund the entire investment through internal accruals, maintaining its debt-free status. The company is currently developing over 30 million sq ft across multiple projects and intends to strengthen its presence in Delhi-NCR through land acquisitions, including participation in upcoming Noida land auctions, while continuing its strategy of developing branded luxury housing projects.Read more

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BSE launches India’s first REIT and commercial real estate index to boost passive investing

9 hours ago

• BSE Index Services has launched India’s first dedicated REIT and Commercial Real Estate Index, offering a benchmark for listed REITs and commercial real estate companies.
• The new index is expected to support the launch of ETFs, index funds and other passive investment products linked to the commercial real estate sector.
• It includes listed REITs and companies with significant commercial real estate exposure while capping individual stock weight at 20 per cent to ensure diversification.
• The launch comes as India's REIT market continues to expand, backed by rising institutional investments and growing investor interest in income-generating commercial assets.
Read more

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The rental hotspots winning over India's young workforce

10 hours ago

India’s rental housing market is rapidly evolving as young professionals prioritise connectivity, convenience and lifestyle over traditional homeownership. With the rise of co-living spaces and flexible rental options, cities like Bengaluru, Pune and Hyderabad have developed strong micro-markets around major IT and business hubs. According to recent rental demand and real estate trend reports, certain neighbourhoods are witnessing consistent inflow of working professionals and growing housing demand in 2026. Here are 10 key rental hotspots redefining urban living for India’s mobile workforce.Read more

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Trianon leases 1,630 sqm space to Svedala Vardcentral in Sweden

10 hours ago

Swedish real estate company Trianon has signed a new lease agreement with Svedala Vardcentral for a 1,630-square-metre property in Svedala, Sweden. The agreement is expected to generate annual rental income of approximately SEK 5.5 million for the company. The deal adds to Trianon's portfolio of long-term leased properties and reflects continued demand for healthcare-related commercial spaces. The company has been expanding its presence across southern Sweden by focusing on stable tenants and community-oriented properties that provide predictable rental income and long-term occupancy.Read more

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Delhi-Mumbai Expressway's eight-lane tunnel beneath Rajasthan tiger reserve to open in August

10 hours ago

India's first eight-lane highway tunnel constructed beneath a tiger reserve is expected to become fully operational in August after ongoing safety trials and technical evaluations are completed. Located beneath the Mukundra Hills Tiger Reserve in Rajasthan's Kota district on the Delhi-Vadodara section of the Delhi-Mumbai Expressway, the 4.9-km twin-tube tunnel has initially been opened for cars and emergency vehicles. The National Highways Authority of India (NHAI) said the tunnel has been designed to preserve wildlife movement by routing traffic underground while reducing travel distance and improving connectivity. Authorities will permit all vehicle categories only after completing safety system and mobile network assessments.Read more

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Renfra Energy files IPO papers to raise INR 430 crore through fresh issue

11 hours ago

Renfra Energy India has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise INR 430 crore through a fresh issue of equity shares as part of its proposed initial public offering (IPO). The issue also includes an Offer-for-Sale (OFS) of nearly 47.95 lakh equity shares by existing shareholders, while the company's promoters will retain their holdings. The proceeds will be used to reduce debt, meet working capital requirements and support corporate needs. The Tamil Nadu-based renewable energy EPC company reported strong financial performance in FY26 and continues to expand its renewable energy project portfolio.Read more

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Gaya’s INR 65 crore six-lane Falgu bridge turns into traffic bottleneck as vendors occupy carriageway

11 hours ago

• A six-lane bridge over the Falgu River in Gaya, built at a cost of INR 65 crore, is facing congestion due to encroachment by roadside vendors.
• Stalls selling fruits, vegetables, snacks and daily-use items have occupied parts of the carriageway, reducing available road space.
• Commuters say the bridge often functions like a four- or five-lane road instead of a six-lane corridor.
• The encroachment has raised concerns over traffic bottlenecks, pedestrian safety and accident risks.
• The bridge was developed to improve connectivity between Gaya and Manpur and support movement on Bihar’s Buddhist Circuit.
Read more

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Fortress Real Estate’s primary ABO books fully covered as bookrunner signals further guidance

12 hours ago

Fortress Real Estate Investments Ltd's primary accelerated bookbuild offering (ABO) has attracted enough investor demand to fully cover the books, according to the bookrunner. The development indicates that the company has secured commitments for the shares being offered, with additional guidance on the transaction expected to follow. While details such as the final pricing and allocation have not yet been disclosed, the successful book coverage marks an important step in the capital-raising process. Further updates are expected once the bookbuilding exercise is completed.Read more

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Nearly 45% of Indian homes require electrical upgrades for EV charging, report finds

12 hours ago

Nearly 45% of homes in India require electrical upgrades to safely support electric vehicle (EV) charging, according to a joint report by Kazam and the Alliance for an Energy Efficient Economy (AEEE). Based on data from more than 80,000 residential EV charger installations across tier-I, tier-II and tier-III cities, the study highlights significant gaps in residential charging infrastructure despite the country's accelerating electric mobility transition. The report estimates that EV-related electricity demand will rise from 0.2% of national consumption in 2024 to around 6% by 2035. It recommends upgrading residential electrical infrastructure, including dedicated charging circuits, compliant wiring, earthing and fire safety measures, to facilitate safe and reliable home charging.Read more

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MHADA advances cluster redevelopment of Borivali and Khar housing layouts

Mumbai News Desk

13 hours ago

The Maharashtra Housing and Area Development Authority (MHADA) has moved ahead with plans to redevelop two ageing housing layouts in Borivali and Khar after submitting proposals to the Maharashtra government for approval. The projects cover the 1,03,405 sq m Old MHB Colony on Gorai Road, Borivali, and the 25,234 sq m Ram Krishna Nagar in Khar under the Construction and Development Agency (C&DA) model. Together, the schemes will rehabilitate nearly 2,000 households while upgrading civic infrastructure, open spaces and amenities. MHADA will appoint private developers through a competitive tender process after receiving state approval, continuing its broader strategy of cluster redevelopment across Mumbai.Read more

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NHAI to engage IITs for independent review of major bridge designs on national highways

13 hours ago

The National Highways Authority of India (NHAI) plans to empanel Indian Institutes of Technology (IITs) and other leading technical institutions to independently verify the hydraulic studies and structural designs of major bridges across national highway projects. The initiative is intended to strengthen quality assurance by subjecting bridge designs, which are expected to have a service life of at least 100 years, to rigorous technical scrutiny before construction begins. Around 12 IITs, including IIT Delhi, IIT Bombay, IIT Roorkee and IIT Kharagpur, have expressed interest in collaborating with the authority. The review framework will be applied uniformly across projects executed under different implementation models.Read more

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Godrej Properties wins Noida land parcel with INR 332 crore bid, eyes over INR 2,000 crore revenue

14 hours ago

Godrej Properties has emerged as the highest bidder for a nearly 5-acre residential land parcel in Noida after placing a bid of INR 331.75 crore. The company plans to develop a group housing project on the site, which is expected to generate more than INR 2,000 crore in revenue. The acquisition comes soon after the developer secured another large residential land parcel in Greater Noida with a projected revenue potential of over INR 7,000 crore, reflecting its continued focus on expanding its presence in the National Capital Region's residential market.Read more

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Indore cracks down on illegal encroachments, demolishes unsafe building in fresh civic drive

Indore News Desk

14 hours ago

• The Indore Municipal Corporation (IMC) removed illegal encroachments from municipal land in Chhota Bangarda and partially demolished an unsafe residential building in Chhoti Gwaltoli as part of its ongoing enforcement drive.
• The action followed complaints over unauthorized occupation of land reserved for a public garden, while the demolition was carried out to prevent accidents during the monsoon.
• Police personnel accompanied the civic teams during the operations to ensure smooth execution and maintain law and order.
• The latest drive is part of IMC's wider campaign against illegal constructions, encroachments, and structurally weak buildings across Indore to improve public safety and protect civic infrastructure.
Read more

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KKR to acquire EDF’s renewable energy portfolio in North America for USD 4.2 billion

15 hours ago

KKR has agreed to acquire the operations and assets of EDF Power Solutions in the US and Canada in a deal valued at around USD 4.2 billion, with additional payments of up to USD 390 million linked to certain conditions. The acquisition comes as French utility EDF looks to strengthen its finances to support its domestic nuclear power business and new reactor projects. For KKR, the deal expands its renewable energy portfolio at a time when electricity demand is rising due to AI data centres, electrification and the broader energy transition.Read more

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NTPC commissions 176 MW solar project in Telangana's Ramagundam

15 hours ago

NTPC has commissioned the final 41.6 MW phase of its 176 MW solar photovoltaic (PV) project in Ramagundam, Telangana, making the entire project commercially operational. The state-owned power producer declared the latest capacity operational with effect from June 30, following the earlier commissioning of the 100 MW and 34.4 MW phases in May. With the completion of the project, NTPC Group's total installed power generation capacity has increased to 90,899 MW, while its commercial operating capacity has reached 89,819 MW. The development further strengthens the company's renewable energy portfolio as it expands clean energy generation across India.Read more

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Monsoon damage blocks 35 roads as Himachal steps up infrastructure restoration

16 hours ago

Persistent monsoon rainfall has claimed six lives and disrupted transport and power infrastructure across Himachal Pradesh, with 35 roads blocked and 127 electricity distribution transformers rendered inoperative. According to the State Emergency Operation Centre (SEOC), the damage has affected multiple districts, particularly Kullu, Solan and Chamba, while estimated losses to public and private property have reached INR 44.40 lakh. Restoration teams have been deployed to clear roads, restore electricity supply and maintain essential services as intermittent rainfall continues. The India Meteorological Department (IMD) has forecast further heavy rainfall, prompting authorities to remain on high alert amid concerns over landslides, road connectivity and infrastructure resilience.Read more

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Adani Green crosses 20 GW operational renewable energy capacity milestone

16 hours ago

Adani Green Energy Ltd (AGEL) has become the first renewable energy company in India to surpass 20 GW of operational renewable energy capacity through greenfield development. The milestone, achieved within a decade of commissioning its first renewable energy project in Kamuthi, Tamil Nadu, comes after the company added 5,051 MW during FY26, the highest annual renewable capacity addition by any company outside China. AGEL's operational portfolio now includes solar, wind, hybrid and battery energy storage assets, generating more than 52 billion units of clean electricity annually. The company has also outlined plans to expand its battery storage capacity and achieve a 50 GW renewable energy portfolio by 2030.Read more

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BDA plans dedicated authority to simplify apartment association registration

Bangalore News Desk

17 hours ago

The Bangalore Development Authority (BDA) has proposed setting up a dedicated registration authority to simplify the formation of apartment owners' associations across its housing projects. The move aims to address long-standing issues faced by residents in registering associations under existing laws, which has delayed the transfer of maintenance responsibilities. The proposal is part of BDA's broader apartment maintenance policy that seeks to provide a structured handover process, improve governance in residential communities, and bring greater clarity on legal and administrative responsibilities for apartment owners.Read more

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PPI acquires care property in Finland for EUR 23.3 million

17 hours ago

PPI Public Property Invest AB has agreed to acquire a new ESG-compliant care property in Hervanta, Tampere, Finland, for around EUR 23.3 million as part of its continued expansion in the Nordic social infrastructure sector. The facility will be developed by Hartela Oy under a turnkey agreement and will provide 149 care places for elderly and special care services. The acquisition follows PPI's recent investments in Finland and is expected to strengthen its recurring rental income while expanding its presence in one of the country's fastest-growing cities.Read more

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Haryana and UP RERA approve over INR 35,000 crore projects, set to add thousands of new homes and commercial units

18 hours ago

• Haryana RERA and UP-RERA have approved real estate projects worth over INR 35,000 crore, strengthening the development pipeline in both states.
• Haryana RERA's Gurugram bench cleared 51 projects, while UP-RERA approved 14 projects spread across seven districts.
• The approvals will add more than 20,000 residential, commercial and industrial units, boosting housing supply and planned urban development.
• Both regulators continue to tighten project scrutiny, improve transparency and speed up grievance redressal to protect homebuyers.
Read more

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Household debt rises to 45.5% of GDP as non-housing retail loans drive borrowings: RBI

18 hours ago

India's household debt rose to 45.5% of the country's gross domestic product (GDP) as of March 2026, driven primarily by growth in non-housing retail loans, according to the Reserve Bank of India's (RBI) latest Financial Stability Report (FSR). Non-housing retail loans accounted for 58.4% of total household borrowings, continuing to outpace housing, agriculture and business loans. While household leverage has increased beyond its five-year average, the RBI noted an improvement in borrower quality, with a larger share of credit held by prime-rated borrowers. The report also highlighted a shift in housing finance towards higher-value loans, while non-performing housing loans continued to decline.Read more

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Ceigall India signs PPA for INR 1,700 crore solar and battery storage project in Madhya Pradesh

19 hours ago

Ceigall India has signed a power purchase agreement through its wholly owned subsidiary for a 220 MW solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh. The project, valued at around INR 1,700 crore including GST, has been awarded by Rewa Ultra Mega Solar Ltd. It will be developed over 18 months and operated for 25 years at a discovered tariff of INR 2.70 per kWh. The project marks Ceigall India's continued expansion into the renewable energy sector alongside its core infrastructure business.Read more

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Cabinet approves INR 14,115 crore road projects in Delhi and Uttar Pradesh

19 hours ago

The Union Cabinet has approved two major highway infrastructure projects in Delhi and Uttar Pradesh with a combined investment of around INR 14,115 crore. The projects include a six-lane tunnel connecting Dwarka Expressway to Nelson Mandela Marg in Delhi and a new access-controlled highway section between Kanpur and Kabrai in Uttar Pradesh. The projects are aimed at improving regional connectivity, reducing travel time, easing traffic congestion, and strengthening the National Highway network as the Centre continues to invest in transport infrastructure across the country.Read more

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Bengaluru housing sales remain resilient as premium launches drive market activity

20 hours ago

Bengaluru recorded a marginal 1% year-on-year increase in housing sales during the April–June quarter, with 15,285 residential units sold despite an 8% rise in average property prices, according to Anarock. The city outperformed the seven major Indian residential markets, where overall sales declined 6% amid global uncertainties. New housing launches in Bengaluru surged 41% to 21,670 units, with nearly 96% of the supply concentrated in the premium and luxury segments priced at INR 80 lakh and above. The increase in project launches helped sustain demand, although it also pushed unsold inventory to 79,180 units by the end of the quarter.Read more

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Waaree Solar Americas secures 236 MW solar module supply order for US project

20 hours ago

Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies, has secured a 236.22 MW utility-scale solar module supply contract for a major solar project in Flemingsburg, Kentucky. The modules will be manufactured at the company's facility in Brookshire, Texas, strengthening Waaree's presence in the US market. While the company did not disclose the value of the contract, the latest order adds to its growing international order book and reflects its continued focus on supplying domestically manufactured solar modules to support clean energy projects in the United States.Read more

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Chandigarh Housing Board Asks Allottees to Verify Outstanding Dues Through Online Portal

21 hours ago

The Chandigarh Housing Board (CHB) has asked allottees to verify their outstanding dues through its online portal to improve transparency and facilitate timely payments. The initiative allows property owners to access updated financial details, including pending instalments, interest and other charges, before making payments. The board said the online verification system is intended to simplify the payment process, reduce disputes over dues and strengthen digital service delivery for residents across its housing schemes.Read more

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Haryana, Rajasthan Sign Yamuna Water Project Pact to Supply Drinking Water Across Key Districts

21 hours ago

Haryana and Rajasthan have signed an agreement for the Yamuna Water Project to implement a long-pending drinking water supply initiative. The project will transport Rajasthan's allocated share of Yamuna water through underground pipelines, benefiting districts in both states. The agreement defines water allocation, cost-sharing, operations and maintenance, and dispute resolution mechanisms. It aims to improve water availability, support groundwater recharge through storage structures, and enable coordinated implementation with support from the Central Government.Read more

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Al Ramz signs agreement with Oud Capital to launch SAR 1 billion real estate fund

22 hours ago

Al Ramz Real Estate Company has signed an agreement with Oud Capital to establish a Shariah-compliant real estate investment fund with a target size of more than SAR 1 billion. The fund will be fully owned by Al Ramz and will finance the development of the company's residential projects. The development contract is valued at around SAR 391 million, with a development fee of approximately SAR 39 million. The three-year arrangement is expected to support the company's financial performance through 2029 while expanding its residential development portfolio.Read more

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IHC highlights strategic investments and portfolio expansion ahead of H1 2026 results

02 Jul 2026

International Holding Company (IHC) has shared a business update outlining key developments across its portfolio during the second quarter of 2026, ahead of its first-half financial results. The company said it continued to focus on disciplined investments, portfolio expansion and value creation across multiple sectors. During the quarter, IHC completed several strategic transactions, increased its exposure to emerging technologies, expanded its international presence and backed sectors such as real estate, energy and industrials. It expects its H1 2026 financial results to reflect the momentum built across its diversified businesses.Read more

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Delhi Airport handles 7.5 million domestic-to-international transfer passengers in FY26

02 Jul 2026

Delhi International Airport handled 7.5 million domestic-to-international transfer passengers during FY2025-26, reinforcing its position as India's largest aviation hub. Airport operator Delhi International Airport Limited (DIAL) attributed the growth to expanded airline connectivity, integrated terminal operations and improved transfer infrastructure. Domestic transfers remained the largest segment, while international connecting traffic also increased steadily. The figures highlight Delhi Airport's growing role in strengthening India's aviation infrastructure, regional connectivity and international passenger transit network.Read more

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Raipur administration demolishes 77 houses during anti-encroachment drive, triggering protests

02 Jul 2026

Authorities in Raipur demolished 77 houses during an anti-encroachment drive in Nakti village near Swami Vivekananda Airport earlier this week, prompting protests from residents who claimed several homes had been built under government housing schemes and stood on ancestral land. The operation, undertaken jointly by the revenue department and the Raipur Municipal Corporation, cleared nearly nine hectares of government land that officials alleged had been under illegal occupation for years. While the administration said due legal procedures had been followed and rehabilitation had been arranged in Nava Raipur, villagers disputed the ownership claim, alleging the land was common grazing land recorded in their forefathers' names and questioning the demolition of houses constructed under state-backed housing programmes.Read more

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