12 minutes ago

Bloom Energy and Brookfield have expanded their partnership to finance power projects for artificial intelligence (AI) infrastructure, increasing their investment framework from USD 5 billion to USD 25 billion. The move reflects rising demand for reliable and cleaner power solutions as AI data centres continue to grow worldwide. The expanded collaboration will accelerate the deployment of Bloom Energy's fuel cell technology and forms part of Brookfield's AI Infrastructure Fund, which aims to invest USD 100 billion. Following the announcement, Bloom Energy's shares rose sharply in extended trading.Read more

1 hour ago

Bengaluru-based EARA Group has appointed Raja Ramamoorthy as Associate Vice President – Sales as part of its leadership expansion strategy. The appointment comes as the real estate developer seeks to strengthen its sales operations while pursuing growth across its real estate portfolio and planned diversification into hospitality and related businesses. Ramamoorthy, who has more than 26 years of experience across real estate, hospitality, telecommunications and consumer sectors, will oversee sales strategy, channel partner development, customer acquisition and revenue growth. Prior to joining EARA Group, he served as Associate Vice President – Sales at Casagrand Builders, where he was involved in expanding the company's channel partner network.Read more

2 hours ago

National flex workspace operators charged an average 19% premium over independent coworking providers between 2021 and 2026, according to myHQ's Flex Pricing Report 2026. Based on five years of transaction data covering 1,384 coworking centres across 30 cities and booking behaviour from more than 10,000 companies, the report examines the factors influencing coworking pricing in India. It found that Hyderabad and Bengaluru recorded the highest seat expansion among occupiers, while shorter lock-in periods attracted higher costs and larger seat bookings secured volume discounts. The report also projects the pricing premium enjoyed by national coworking brands to increase to 25% by FY2028 as enterprise demand continues to favour established multi-city operators.Read more

3 hours ago

Swedish real estate company K-Fast Holding AB (K-Fastigheter) has agreed to sell a residential project comprising 255 rental apartments in Gothenburg to insurance and pension group Folksam. The transaction values the underlying property at SEK 793 million and forms part of K-Fastigheter’s ongoing strategy of monetising selected residential developments while strengthening its capital position. The company has completed several property divestments over the past year as it continues to focus on balancing project development, construction and long-term property management.Read more

4 hours ago

Jindal Stainless has appointed Kunjal Mehta as its Chief Financial Officer (CFO), effective June 25, 2026, following approval from the company's Board. Mehta succeeds to the role after serving as CFO of Adani Energy Solutions and brings more than 25 years of experience across the steel, power, ports, logistics and technology sectors. He will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management and strategic growth initiatives. The appointment comes as Jindal Stainless continues to expand its operations and strengthen its financial management framework to support long-term growth and capital allocation.Read more

6 hours ago

AFC Furniture Solutions has announced plans to expand its operations in Maharashtra beyond Mumbai, focusing on Pune's technology corridors and Nagpur's MIHAN industrial zone. The office furniture manufacturer expects western India to contribute 25–30% of its revenue, supported by growing demand from Global Capability Centres (GCCs), industrial occupiers and commercial developments. The expansion aligns with the Maharashtra GCC Policy 2025 and increasing office leasing activity in Pune, where GCCs accounted for 69% of total office absorption during the first quarter of 2026. The company also plans to strengthen its presence through partnerships with developers, architects and corporate occupiers across the state.Read more

6 hours ago

National Insurance Awareness Day has renewed focus on India's low insurance penetration, with industry stakeholders calling for greater public awareness and wider adoption of insurance products. IFFCO-TOKIO General Insurance Company Ltd said insurance remains underutilised despite relatively affordable premiums and continued efforts by insurers, regulators and financial institutions to improve coverage. According to the company, only around 15% of losses in India are currently covered by insurance, while more than half of the country's vehicles remain uninsured. Industry experts believe improving insurance awareness is essential to strengthening household financial resilience amid rising healthcare costs, climate-related risks and economic uncertainties.Read more

7 hours ago

Sports tourism is emerging as a significant segment of experiential travel among Indian travellers, with holidays increasingly being planned around international sporting events, iconic venues and major tournaments. According to Thomas Cook India and SOTC Travel, demand is expanding beyond cricket to include football, Formula 1, tennis, golf, endurance sports and emerging racquet sports such as padel. Travellers are also extending sports-focused trips into longer holidays by combining live sporting events with sightseeing, local cuisine and cultural experiences. Destinations including Australia, the UK, Spain, Singapore, Japan, the UAE and New Zealand continue to attract Indian visitors seeking a blend of sporting experiences and tourism.Read more

8 hours ago

Rane (Madras) Limited (RML) has signed an agreement to acquire the friction business of Hindustan Composites Limited (HCL) for an enterprise value of INR 370 crore through a slump sale. The acquisition includes the COMPO brand, two manufacturing facilities in Maharashtra and an established nationwide distribution network. The acquired business reported revenue of INR 315.04 crore and profit before tax (PBT) of INR 40.29 crore in FY26. Upon completion, RML expects to create a friction materials business with annual revenue exceeding INR 1,000 crore, strengthening its presence across automotive, railway, industrial and aftermarket segments. The transaction remains subject to regulatory approvals and is expected to close by the end of the second quarter.Read more

8 hours ago

• Union Minister Dr. Jitendra Singh inaugurated four advanced research and development facilities and laid the foundation stone for a 44.46 crore hostel complex at CSIR-IICT, Hyderabad.
• The new facilities focus on fluorochemicals, sustainable engineering, continuous chemical processing and wastewater treatment, with an emphasis on translating research into industrial applications.
• The minister highlighted the growing role of science in converting agricultural waste into value-added products, promoting clean energy, circular economy and industrial innovation.
• He stressed stronger collaboration between research institutions, industry, startups and MSMEs to accelerate technology commercialisation and support India's economic growth.Read more

9 hours ago

Swedish education group Cedergrenska has announced plans to acquire the Hamnen 4 school property in Stocksund for SEK 19 million as part of its strategy to expand its portfolio of owned educational facilities. Following the acquisition, the company's property arm, Fastigheter, will own three school properties with a combined book value of approximately SEK 40 million. The company is also targeting a school property portfolio with a book value of up to SEK 100 million by the end of 2027, reflecting its long-term focus on strengthening its real estate holdings alongside its education business.Read more

9 hours ago

Chennai-focused real estate listing platform Chennaiproperties has transitioned from Chennaiproperties.in to Chennaiproperties.com as part of its strategy to strengthen its digital presence and expand its reach among domestic and overseas property seekers. Established in 2014, the platform connects homebuyers with residential projects across Chennai and caters to developers, investors and non-resident Indians (NRIs). According to the company, the domain migration is intended to improve accessibility, reinforce its brand identity and support future technology-led enhancements while continuing to offer verified property listings, local market insights and direct engagement between developers and prospective buyers.Read more

10 hours ago

Kerala's traditional architecture is celebrated for its sloping roofs, intricate woodwork and deep connection with nature. At the heart of many historic homes lies another defining feature the courtyard. Known locally as the nadumuttam, these open-to-sky spaces were designed to improve ventilation, bring natural light indoors and serve as the social heart of the household. While some courtyard homes have become famous heritage landmarks, many remain relatively lesser known. Here are 10 lesser-known courtyard homes in Kerala that continue to preserve stories of culture, craftsmanship and community.Read more

10 hours ago

Age Care Labs has secured INR 85 crore (USD 9 million) in its Series B1 funding round, with participation from Shrem Group, Rainmatter, Pegasus Finvest and several family offices. The fundraising forms part of a larger INR 250 crore (USD 30 million) Series B round planned for the first quarter of 2027. Alongside its investment, Shrem Group has entered into a strategic partnership with Age Care Labs to launch Shremoha, a premium senior independent living platform. The collaboration will combine Age Care Labs' elder care expertise with Shrem's capabilities in real estate, hospitality and infrastructure to develop integrated senior living communities catering to India's growing ageing population.Read more

11 hours ago

Developers across the Gulf region need to rethink residential design as rising temperatures and heat stress expose the limitations of conventional construction methods, according to Talal M. Al Gaddah, CEO and Founder of Keturah. Citing new research from the European Centre for Medium-Range Weather Forecasts, he said luxury homes should increasingly incorporate materials and systems designed to address heat, humidity and indoor air quality. The comments come as the UAE and Saudi Arabia continue to promote sustainable urban development through long-term planning frameworks, while buyers place greater emphasis on healthy indoor environments alongside traditional luxury features.Read more

11 hours ago

The National Capital Region's proposed Namo Cities represent a shift in urban planning, placing high-capacity transit infrastructure at the centre of future development. Planned under Regional Plan 2041 as mixed-use, transit-oriented urban centres around Namo Bharat stations, the initiative aims to accommodate a rapidly expanding population while promoting balanced regional growth. Backed by a Central allocation of INR 5,000 crore and informed by the real estate gains witnessed along the Delhi–Meerut RRTS corridor, the proposal reflects a broader strategy to steer housing, employment and investment towards well-connected locations. Its long-term success, however, will depend on timely execution, supporting infrastructure and sustained economic activity.Read more

12 hours ago

Mumbai-based developer UK Realty has partnered with California-headquartered Slate Technologies Inc. to deploy an artificial intelligence-powered construction intelligence platform across its operations, becoming the first developer in Maharashtra to adopt the technology. The platform will initially be implemented across approximately 20 lakh sq ft of ongoing residential projects in Andheri, Jogeshwari and Kandivali, with full deployment targeted by the third quarter of FY2026–27. The AI platform will support project management, quality inspections, site monitoring, procurement, safety analytics and delay prediction, enabling data-driven decision-making aimed at improving project delivery, operational efficiency and construction quality.Read more

14 hours ago

Navi Mumbai Mayor Sujata Patil inspected several flood-prone locations across the municipal limits following three days of continuous rainfall to review the city's monsoon preparedness and emergency response measures. During the inspection, she assessed waterlogging from Belapur to Digha, reviewed dewatering operations and directed officials to strengthen drainage management. The visit also followed an incident beneath the Nerul LP flyover where two young women sustained electric shocks in a waterlogged area and were admitted to hospital. According to the Navi Mumbai Municipal Corporation (NMMC), both are in stable condition. The civic body recorded 105.46 mm of rainfall across its jurisdiction on July 1 and has deployed emergency personnel and pumping equipment in vulnerable locations.Read more

15 hours ago

Myanmar's government is preparing to restart the long-delayed Myitsone hydropower project in Kachin State, with construction expected to be completed in around eight years. Backed by China, the USD 3.6 billion project has remained suspended since 2011 due to public opposition over environmental and social concerns. Officials say fresh assessments and modern technology will help address safety and displacement issues, while civil society groups continue to oppose the project. The dam's revival comes as Myanmar seeks to address its electricity shortage and strengthen economic ties with China.Read more

16 hours ago

ONE Atmosphere has appointed hospitality veteran Vipul Kamboj as General Manager of ONE Atmosphere Suites Corner Walk, Gurugram, the first property under its serviced apartment brand. Bringing more than 25 years of experience in hospitality operations, sales, marketing and revenue management, Kamboj will oversee operations, guest experience, stakeholder engagement and commercial strategy. The appointment comes as the company expands its premium serviced apartment portfolio in India, with Corner Walk, Gurugram serving as the operational model for future developments. ONE Atmosphere, the hospitality vertical of Atmosphere Core, is also pursuing expansion across major Indian cities and selected international markets.Read more

17 hours ago

House prices in the UK remained unchanged on a monthly basis in June, while annual growth slowed slightly below market expectations, according to Nationwide Building Society. The housing market continued to feel the impact of higher mortgage costs and economic uncertainty linked to the Middle East conflict. However, easing expectations of further interest rate hikes by the Bank of England have improved the outlook for affordability. Although mortgage approvals declined in May, lower borrowing cost expectations and government efforts to boost housing supply could support housing market activity in the coming months.Read more

Kochi News Desk

18 hours ago

The National Highways Authority of India (NHAI) has launched a comprehensive drainage initiative to address recurring flooding and waterlogging along NH-66 in Ernakulam, expanding a wider flood mitigation programme being implemented across Kerala. The project aims to improve connectivity between highway drains and natural water channels, tackling one of the key causes of monsoon flooding. By working with district administrations and local bodies, NHAI hopes to strengthen climate resilience, protect highway infrastructure and provide long-term relief to residents living along the busy national highway corridor.Read more

19 hours ago

Chandak Group has unveiled a 15,000 sq ft vertical mural on a Slum Rehabilitation Authority (SRA) redevelopment tower in Borivali East, Mumbai, ahead of National Mural Day observed on June 27. Extending from the 13th to the 34th floor, the artwork is among the tallest murals created on a rehabilitation building in the city. Designed by creative studio ZA Works, the installation symbolises homeownership and community transformation through imagery centred on a young girl holding a key. The initiative forms part of the developer's SRA redevelopment project and highlights the integration of public art within rehabilitation housing. Chandak Group said it has delivered 3,500 SRA rehabilitation homes over the past three years and plans to hand over another 1,508 units during the coming year.Read more

20 hours ago

Cairo for Housing and Development reported a consolidated net profit attributable to shareholders of EGP 415.4 million for the first quarter of 2026. The company also posted consolidated revenue of EGP 88.1 million during the quarter. The latest financial results reflect the company's performance at the start of the year, although it did not disclose comparative figures or provide further details on the factors behind the earnings. The company operates in Egypt's real estate sector, which has continued to witness steady development activity despite broader economic challenges.Read more

Hyderabad News Desk

21 hours ago

• Hyderabad's Rajiv Gandhi International Airport has proposed a revised passenger fee structure that introduces User Development Fee (UDF) for arriving passengers alongside existing departure charges.
• The proposal, submitted to the Airports Economic Regulatory Authority (AERA), aims to redistribute airport charges without increasing the total fee payable by most travellers.
• The revised tariff framework is intended to support the airport's next phase of expansion, including a new terminal and runway.
• The proposal will take effect only after AERA reviews stakeholder feedback and issues its final approval.Read more

22 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has demolished an unauthorised structure in the Juhugaon area of Vashi as part of its ongoing drive against illegal constructions. The action was carried out earlier this week after the occupants failed to comply with a notice issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken under the supervision of senior civic officials with support from the encroachment department, police personnel, security staff and labourers using specialised equipment. The civic body has reiterated that enforcement against unauthorised developments will continue to be intensified across Navi Mumbai to ensure compliance with planning regulations.Read more

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out a demolition drive against unauthorised constructions in the Belapur division as part of its ongoing enforcement against illegal developments. The action was undertaken under the directions of Municipal Commissioner Dr Kailas Shinde and supervised by Additional Commissioner (II) Dr Rahul Gethe and Deputy Commissioner Dr Amol Palwe. The demolition targeted two unauthorised structures in Agroli and Karave villages after notices issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act failed to secure voluntary compliance. The operation involved officials from the Belapur ward office, civic staff, police personnel and heavy equipment to remove the illegal constructions.Read more

04 Jul 2026

Cross-border real estate investment platform Raveum has introduced a fractional investment opportunity allowing Indian investors to participate in pre-vetted US commercial real estate with a minimum investment of USD 1,000. The launch comes amid continued depreciation of the Indian rupee, which touched a record low of nearly INR 97 against the US dollar in the past month. The platform aims to provide retail investors with access to dollar-denominated real estate assets through fractional ownership while facilitating property selection, remittance, taxation and regulatory compliance under India's Liberalised Remittance Scheme (LRS). The offering seeks to broaden access to an asset class traditionally dominated by institutional and high-net-worth investors.Read more

04 Jul 2026

The Union Cabinet has approved the construction of the 117.7-km Kanpur–Kabrai access-controlled greenfield highway in Uttar Pradesh at an estimated cost of INR 7,145.14 crore. The project, to be implemented by the National Highways Authority of India (NHAI) under the Build-Operate-Transfer (BOT-Toll) model, forms a key section of the Bhopal–Kanpur Economic Corridor. Designed for future six-laning, the highway is expected to significantly reduce travel time, strengthen freight movement, improve regional connectivity and support industrial growth across Uttar Pradesh and Madhya Pradesh.Read more

04 Jul 2026

CTP has expanded its logistics portfolio by opening an 11,500 sqm distribution centre at CTPark Ceska Lípa in the Czech Republic for Saint-Gobain’s Sekurit Service. The new facility will serve as a central hub for distributing replacement auto glass across Europe, helping improve delivery efficiency and reduce supply times. The development strengthens CTP's presence in the European logistics real estate market while supporting Saint-Gobain's supply chain with better connectivity to manufacturing sites, warehouses and key automotive markets across the region.Read more

04 Jul 2026

Wheels India Ltd plans to invest around INR 300 crore during FY27 to expand its presence across the tractor, wind energy, hydraulic cylinder and air suspension businesses. Speaking at the company's 67th Annual General Meeting, Chairman and Managing Director Srivats Ram said the air suspension segment recorded strong double-digit growth in FY26, supported by higher electric vehicle (EV) adoption, fleet modernisation, intercity transport expansion and increased demand for air-conditioned sleeper buses. The company also expects continued momentum in its car wheels business and remains optimistic about growth in wind energy components despite concerns over commodity price inflation linked to geopolitical tensions in West Asia.Read more

04 Jul 2026

AISIN Automotive Haryana Private Limited, the Indian arm of Japan's AISIN Corporation, has leased more than 9 lakh sq. ft. of built-up space at Inspira Realty's Inspira City industrial and warehousing park in Shendra MIDC, Chhatrapati Sambhaji Nagar. Alongside the lease transaction, the company has registered land within the 232-acre industrial park to support its long-term expansion in India. The deal represents the second-largest transaction completed at Inspira City and adds another Japanese manufacturer to the development. The facility will become AISIN's third manufacturing plant in India, strengthening its domestic production network while reinforcing Inspira City's position as a preferred destination for automotive and advanced manufacturing investments.Read more

04 Jul 2026

Segro has announced a 50:50 joint venture with an international investor to develop and operate three logistics parks along the UK's M1 motorway corridor. The partnership has a projected fully developed gross asset value of around GBP 3 billion. Segro will contribute logistics parks in Radlett, Coventry and Northampton to the venture. The announcement comes soon after the company rejected a GBP 12.6 billion takeover approach from U.S.-based logistics developer Prologis. Once completed by 2030, the project is expected to significantly expand warehouse space and rental income across the three sites.Read more

04 Jul 2026

Chennai-based real estate developer Navin's presented its growth strategy for FY2026–27 during its Channel Partner Meet 2026, held in Chennai on 25 June. The event brought together the company's channel partners to discuss business priorities, market opportunities and future expansion plans. Senior executives outlined the company's long-term vision, land acquisition strategy, current project inventory and channel partner incentive programmes. The meeting also served as a platform to recognise channel associates and reinforce collaboration as Navin's prepares to expand its residential development portfolio in the coming financial year.Read more

04 Jul 2026

Cash on Delivery (COD) remains one of the most widely used payment options in India's e-commerce market, particularly among small businesses, direct-to-consumer (D2C) brands and marketplace sellers. However, additional COD handling charges imposed by logistics providers can increase fulfilment costs and affect profit margins as order volumes grow. As businesses seek greater cost efficiency and transparency, shipping partners offering predictable pricing models without COD handling charges are gaining traction. This shift reflects a broader demand for simplified logistics, faster cash flow and improved operational planning. Digital shipping platforms such as Shadowfax 360 (SF 360) are responding by combining transparent pricing with technology-enabled logistics solutions tailored to the evolving needs of India's online sellers.Read more

04 Jul 2026

HiLITE Group has announced plans to invest INR 25,000 crore over the next five years to develop 50 million sq ft of real estate across Kerala, covering retail, information technology, healthcare, education, residential and commercial projects. The expansion will focus on Tier 2 and Tier 3 cities through new HiLITE Centre and HiLITE Countryside developments while also advancing major mixed-use, business park and educational projects. The developer's pipeline includes India's largest World Trade Centre project in Kozhikode, new retail destinations, IT infrastructure, educational institutions and wellness facilities, as it seeks to expand organised retail and commercial infrastructure across emerging markets in the state.Read more

04 Jul 2026

Pecan Realty has completed four institutional transactions worth more than INR 150 crore over the past two years by acquiring multiple real estate projects through insolvency and structured finance processes. The transactions include resolution-led acquisitions through the National Company Law Tribunal (NCLT), enabling repayment and exits for public and private sector lenders. Among the key deals is the acquisition of the Pecan Yura commercial project in Andheri West. The developer said the transactions strengthen its strategy of pursuing project turnarounds, structured finance and capital partnerships as it expands across the Mumbai Metropolitan Region and Thane.Read more

04 Jul 2026

Abu Dhabi's residential real estate market recorded strong growth during the first half of 2026, with the value of apartment and villa sales rising 173.9% year-on-year to AED 84.49 billion, while transaction volumes increased 103% to 16,585 deals, according to property intelligence platform ADXinteract. Off-plan properties accounted for 78% of all transactions, with residential prices continuing to rise across the emirate. Al Reem Island, Al Hudayriyat, Yas Island and Al Saadiyat Island remained the most active markets, collectively contributing nearly two-thirds of the total transaction value. The report also highlighted a healthy absorption rate across projects currently under development.Read more

04 Jul 2026

DLF Ltd has showcased the key features of DLF ONE Midtown, its premium residential development in West Delhi, highlighting the project's design, open spaces, amenities and sustainability initiatives. The development comprises two-, three- and four-bedroom residences designed around landscaped greens, with supporting lifestyle infrastructure including a 21,200 sq ft clubhouse and neighbourhood retail plaza. The project also incorporates features such as solar water heating, electric vehicle charging facilities, rainwater harvesting and wastewater recycling. Positioned as a mixed-use residential development, the project reflects the growing emphasis on integrated planning, wellness-oriented amenities and environmentally conscious infrastructure in India's premium housing segment.Read more

04 Jul 2026

India’s street food culture doesn’t shut down when the sun sets in fact, some of its most iconic food streets come alive only after midnight. From bustling lanes in Delhi and Mumbai to late-night snack hubs in Indore, Bengaluru and Hyderabad, these destinations cater to night owls, shift workers and travellers chasing flavour after hours. These streets are also deeply tied to local work culture, student life and migration-driven cities where activity never fully stops. Together, they reflect how India’s urban centres function as 24-hour ecosystems powered by food, people and movement. Whether it’s steaming momos, buttery pav bhaji or spicy rolls served under neon lights, these midnight food streets redefine urban nightlife. Here are 9 places where India truly comes alive after dark.Read more

04 Jul 2026

India's industrial and logistics sector recorded gross absorption of 34.8 million sq ft during the first half of 2026, registering a modest 2.4% year-on-year increase, according to Savills India. Manufacturing and third-party logistics (3PL) occupiers remained the largest demand drivers, accounting for 53% of total leasing activity, while Delhi-NCR, Pune and Mumbai emerged as the leading markets. The report also highlighted a growing preference for Grade-A industrial assets, with their share of absorption increasing to 59%. Meanwhile, fresh supply rose 27.8% year-on-year to 42.7 million sq ft, reflecting continued developer confidence despite demand growth moderating.Read more

04 Jul 2026

A research report based on interviews with 61 prospective tenants across six major Indian cities has found widespread distrust of digital PG and co-living platforms, with every respondent insisting on visiting a property before making any payment. The study, published by InstaDwell Research, indicates that misleading photographs, questionable online reviews, hidden charges and restrictive rental practices are prompting many tenants to rely on personal networks rather than property platforms. The findings suggest that trust, rather than property discovery, has become the principal challenge in India's managed accommodation sector, with several prospective tenants ultimately choosing independent rental housing over PG accommodation after unsuccessful searches.Read more

04 Jul 2026

GHR Lakshmi Urbanblocks Infra LLP has partnered with Spa L'Occitane en Provence to introduce a branded wellness facility at The Cascades Neopolis, its INR 3,169 crore luxury residential development in Hyderabad. The spa, to be opeLimited, will offer wellness services based on the French brand's Provrated in India by Sanghvi Brands ençal philosophy. The collaboration forms part of the project's strategy to incorporate international design, hospitality and lifestyle partners into the 63-storey, 217-metre residential tower being developed at Neopolis. The project, scheduled for completion by March 2030, also involves global consultants across architecture, interiors, landscaping, engineering and concierge services.Read more

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC), in coordination with the City and Industrial Development Corporation (CIDCO), demolished an unauthorised ground-plus-one (G+1) reinforced cement concrete (RCC) structure in Nerul as part of a joint anti-encroachment drive conducted earlier this week. The action was carried out on a notified CIDCO plot measuring approximately 600 sq m in Sector 6 after the occupants failed to comply with a statutory notice issued under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken using heavy machinery under the supervision of senior civic officials. The civic body has stated that similar enforcement drives against unauthorised constructions will continue across Navi Mumbai.Read more

04 Jul 2026

AI-based property technology startup MiMove has secured EUR 450,000 (approximately SEK 5 million) in an oversubscribed investment round to support its expansion across Southern Europe. The funding, backed by a group of investors and venture accelerator Hetch, will be used to strengthen the company's sales operations, accelerate market expansion and prepare for a larger fundraising round. Founded with operations in Marbella and Sweden, MiMove uses an AI-driven property search platform to connect international homebuyers with local real estate agents. The company currently serves 260 estate agencies representing nearly 100,000 residential properties across Spain and Portugal, where demand from overseas buyers continues to grow.Read more

04 Jul 2026

Coral Beach Resort Sharjah has received multiple honours at the Hozpitality Group's Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026. The resort's beachfront dining venue, Casa Samak Seafood Restaurant, was recognised as the Best Sunset Spot of the Year, acknowledging its seaside location, seafood offerings and dining experience overlooking the Arabian Gulf. Several members of the resort's culinary and food and beverage teams also received individual accolades across leadership and service categories. The awards highlight the resort's hospitality and dining operations, recognising both its signature restaurant and the contributions of its staff.Read more

04 Jul 2026

Mumbai's Matunga-Sion corridor is witnessing renewed interest from developers, investors and homebuyers as redevelopment activity and major infrastructure upgrades strengthen its residential appeal. The micro-market, known for its established social infrastructure, educational institutions and central location, is transitioning from an ageing housing stock to modern residential developments. Industry executives say improved connectivity through the Sion-BKC elevated road, Mumbai Trans Harbour Link (Atal Setu), Coastal Road and Metro network, combined with limited land availability and sustained demand, is supporting long-term capital appreciation. The corridor's strategic location between South Mumbai, western suburbs and key commercial districts is also reinforcing its position as an emerging high-growth residential destination.Read more

04 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) will organise its largest multi-city property showcase in Mumbai on 5 July 2026, bringing together 15 residential projects from Mumbai, Thane, Pune, Gurugram and Howrah under one roof. The one-day event will feature apartments, villas and plotted developments, with prices starting from INR 60 lakh. Visitors will have access to project information, personalised consultations, exclusive event offers and expert guidance from the developer's sales teams, enabling prospective homebuyers and investors to evaluate multiple residential options across key Indian property markets.Read more

04 Jul 2026

Cross-border payments platform HiWi Forex Transaction Services Pvt Ltd (HiWiPay) has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly owned Payment Service Provider (PSP) subsidiary in GIFT International Financial Services Centre (GIFT IFSC). Subject to meeting regulatory requirements and obtaining final authorisation, the proposed entity will provide services including cross-border money transfers, merchant acquisition, account issuance, e-money issuance and escrow facilities. The move is aimed at strengthening payment infrastructure for exporters, SMEs, freelancers and digital businesses by streamlining international collections, foreign exchange management, settlement processes and regulatory compliance through a technology-driven platform.Read more

04 Jul 2026

Pune-based Mantra Group has emerged as the successful resolution applicant for a stalled residential redevelopment project in Worli, Mumbai, with an estimated development potential of INR 2,000 crore. The approval follows an order passed by the National Company Law Tribunal (NCLT) on June 19 under the Corporate Insolvency Resolution Process (CIRP). The Worli project is the developer's third acquisition in Mumbai over the past year, after projects in Jogeshwari and Mulund, taking the combined development potential of the three schemes to around INR 7,500 crore. The project had remained stalled for more than a decade due to financial difficulties and legal disputes involving the previous developer, affecting construction progress and homebuyers.Read more