Mumbai News Desk

23 minutes ago

The Bombay High Court has permitted MHADA to use unclaimed flats in the Patra Chawl redevelopment for public housing if eligible residents fail to take possession by April 30. The court noted that completed homes should not remain unused in a city facing housing shortage. It also allowed delayed claim by residents with prior notice. The case includes concerns over construction quality, lease obligations, and misuse of rehabilitation units. The ruling aims to ensure better use of public housing stock while protecting the rights of original beneficiaries.Read more

53 minutes ago

India’s oil and gas regulator, Petroleum and Natural Gas Regulatory Board, has initiated a nationwide push to develop liquefied petroleum gas (LPG) pipeline infrastructure aimed at reducing reliance on road-based transportation and improving supply efficiency. The plan includes nine identified pipeline projects, with bidding underway for four major routes spanning roughly 2,500 km. These projects are expected to attract investments of around INR 12,500 crore. The initiative seeks to enhance safety, reduce transit losses, and lower emissions by gradually replacing bulk LPG tanker movement. The regulator also indicated that pipeline-based transportation could play a key role in strengthening energy security, supporting India’s cleaner fuel transition, and improving connectivity between refineries, import terminals and bottling plants across regions.Read more

1 hour ago

Shree Cement and Ansal Housing have received separate tax-related orders from authorities, resulting in fresh financial demands, while Kesoram Industries has obtained significant relief after a reassessment reduced its tax liability sharply. Shree Cement is facing a service tax demand of INR 8.31 crore, whereas Ansal Housing has been issued an income tax demand of INR 19.20 crore for a recent assessment cycle. Kesoram’s liability, which was earlier much higher, has been reduced to INR 6.03 crore. All companies are planning to challenge or review the respective orders.Read more

1 hour ago

The Directorate of Enforcement carried out a search operation at the office of Hampton Sky Realty Ltd over a three-day period in the past week. The company informed stock exchanges about the development, stating that the financial implications of the action cannot be determined at this stage. While details of the investigation have not been disclosed, such actions are typically linked to financial scrutiny under laws related to money laundering or irregular transactions. The development adds to a series of enforcement actions seen recently in the real estate sector.Read more

Mumbai News Desk

2 hours ago

The Maharashtra Housing and Area Development Authority has proposed a large-scale redevelopment covering 923 acres across several housing layouts in Mumbai. The plan is aimed at upgrading ageing colonies and rehabilitating over 75,000 residents once the projects are completed over the next 5 to 10 years after execution. The redevelopment will be implemented through a construction and development agency model, while MHADA remains the planning authority. Key areas include Charkop, Gorai, Bandra Reclamation, Motilal Nagar and others, with in-situ rehabilitation planned for eligible residents.Read more

2 hours ago

US-based building products distributor QXO has agreed to acquire insulation and installation firm TopBuild in a USD 17 billion transaction, marking one of the largest deals in the sector. The acquisition, approved by both companies’ boards, will be executed through a mix of cash and stock, offering a premium of over 20 per cent to TopBuild shareholders. The move is expected to significantly expand QXO’s scale, positioning it as the second-largest publicly traded building products distributor in North America with combined revenues exceeding USD 18 billion. The deal aligns with QXO’s aggressive acquisition strategy aimed at consolidating the fragmented construction supply chain and enhancing its presence across high-growth segments such as insulation and large-scale infrastructure projects.Read more

3 hours ago

Rahee Group is planning to invest up to INR 600 crore over the next three years to expand manufacturing capacity and strengthen its infrastructure capabilities. The investment includes a INR 200 crore foundry in Odisha through its subsidiary Rahee Track Technologies Ltd, alongside annual capex of INR 60–70 crore by Rahee Infratech Ltd. An additional INR 100 crore will be deployed in Pandrol Rahee Technologies to enhance product lines. The group is also exploring export opportunities and may consider an IPO over the next few years, while targeting standalone revenues of INR 2,000 crore amid rising demand from rail and metro infrastructure expansion.Read more

3 hours ago

Germany’s apartment construction sector has shown signs of recovery, with permits rising notably in February. Data from the country’s statistics office indicates a 24% year-on-year increase, adding 4,300 units to reach a total of 22,200 permits. This follows a turnaround seen in 2025, when housing permits recorded growth after three consecutive years of decline. Building permits are considered an early indicator of future construction activity. The recent rise suggests gradual improvement in the sector, which had been under pressure due to high interest rates and elevated material costs.Read more

4 hours ago

Himachal Pradesh Real Estate Regulatory Authority has imposed an interim penalty of INR 70 lakh on two residential projects in Solan—Chester Hill-2 and Chester Hill-4—for multiple regulatory and financial violations. The action follows complaints from homebuyers and allottees’ associations, citing irregularities in fund management, deviations from approved plans, and deficiencies in essential services. The authority also flagged improper formation of resident welfare associations and alleged unauthorised commercial activities. Audit findings revealed serious lapses, including inter-mixing of funds and absence of project-specific accounts. The regulator has directed promoters to deposit penalties within 30 days and submit certified disclosures, while further investigations have been initiated across departments to assess land use violations and ownership concerns.Read more

4 hours ago

China's property market, after a prolonged downturn since 2021, is showing early signs of stabilisation following a sharp correction of around 40-50% in home prices. The slowdown was driven by regulatory tightening aimed at reducing leverage in the sector, which helped cool a long-standing housing bubble. Despite earlier fears of systemic financial stress, the economy has continued to grow at around 5%, supported by a shift toward higher-quality growth. Emerging strength in technology, manufacturing, and energy sectors is gradually offsetting weakness in construction and real estate-linked industries.Read more

5 hours ago

Net office leasing in Mumbai and Delhi-NCR declined 51 per cent year-on-year to 3.28 million sq ft during the January–March quarter, primarily due to lower fresh supply, according to Cushman & Wakefield. Leasing in Mumbai fell 38 per cent to 1.77 million sq ft, while Delhi-NCR saw a sharper 61 per cent drop to 1.51 million sq ft. Fresh supply remained limited at 0.89 million sq ft in Mumbai and 1.8 million sq ft in Delhi-NCR. Across eight major cities, leasing fell 24 per cent to 11.51 million sq ft. Despite lower absorption, office rentals continued to rise across key micro-markets, reflecting sustained demand for Grade-A spaces.Read more

5 hours ago

Sterling and Wilson Renewable Energy Ltd secured new engineering, procurement and construction (EPC) orders worth over INR 3,550 crore, including a major solar project from Coal India Ltd. The largest contract involves an 875 MW solar PV project in Bikaner, Rajasthan, valued at around INR 3,490 crore, including operations and maintenance. The company also received a 50 MW project order in Maharashtra from a private independent power producer. With these additions, SWREL’s EPC order inflows for FY26 have crossed INR 10,062 crore, surpassing its initial annual targets and reflecting strong momentum in utility-scale renewable project execution.Read more

6 hours ago

Qatar Airways has expanded its global network to over 150 destinations under a revised summer schedule aimed at handling peak travel demand. The plan includes new routes and increased frequencies through its Doha hub, improving connectivity across regions. The airline has also introduced flexible travel options, allowing passengers to change dates without fees or opt for refunds under certain conditions. This move follows a steady restoration of routes over the past year and reflects efforts to strengthen operations while maintaining reliability during the high-traffic summer period.Read more

6 hours ago

Chartwell Retirement Residences has expanded its portfolio in Oakville with the acquisition of Palermo Village Retirement Residence, strengthening its presence in a key Canadian market. The transaction, announced in the past week, reflects the company's ongoing strategy to grow through targeted acquisitions in established communities with strong demand for senior living. Oakville has been a focus market for Chartwell due to its stable demographics and growing ageing population. The deal adds to Chartwell's existing assets in the region and supports its long-term plan of enhancing scale and operational efficiency across its retirement living platform.Read more

7 hours ago

The Securities and Exchange Board of India has revised its ‘fit and proper person’ framework, removing automatic disqualification linked to pending FIRs, complaints or charge sheets in economic offence cases. The updated norms expand disqualification triggers upon conviction and introduce procedural safeguards, including a mandatory hearing before adverse classification. The regulator has also reduced the cooling-off period for registration applications to six months and removed the default five-year ineligibility clause. Intermediaries must now disclose disqualifying events within 15 working days, with additional clarity provided on group entities and corrective actions for key personnel.Read more

7 hours ago

Bank of Maharashtra reported a strong performance for the March quarter of FY26, with net profit rising 35% to INR 2,014 crore compared to INR 1,493 crore in the same period last fiscal year. The bank also recorded higher total and interest income, supported by steady business growth. Asset quality showed improvement, with both gross and net non-performing assets declining further. While profitability and asset quality strengthened, the capital adequacy ratio witnessed a drop compared to the previous year, though it remained at a comfortable level.Read more

8 hours ago

National Bank for Financing Infrastructure and Development has entered into a memorandum of agreement with Projects Development Company of Rajasthan Limited to strengthen advisory and financing support for infrastructure projects across states and urban local bodies. The partnership focuses on transaction structuring, technical and commercial due diligence, and facilitating financial closure for projects. The collaboration is aimed at improving project preparation quality, accelerating execution timelines, and mobilising institutional capital more efficiently. It also seeks to address long-standing gaps in end-to-end professional support for infrastructure financing, particularly at the state level. The agreement reflects a broader push to enhance structured financing mechanisms and support sustainable infrastructure development across India’s urban and regional ecosystems.Read more

8 hours ago

Jindal Stainless Ltd has entered the retail segment with the launch of its stainless steel rebar brand Jindal Infinity, extending its presence into the construction value chain. The move shifts the company from a traditional B2B model to directly serving consumers, builders, and fabricators. The product is designed to offer higher corrosion resistance and durability in challenging environments. The company highlighted the expansion of its distributor network and rising demand for high-performance materials. It also noted its FY25 turnover of INR 40,182 crore and capacity expansion plans to 4.2 million tonnes by FY27, along with global operations.Read more

9 hours ago

The International Energy Agency has indicated that the loss in energy output from the Middle East due to ongoing conflict is likely to take around two years to return to pre-conflict levels. The recovery timeline is expected to vary across countries, with Iraq projected to take longer compared to Saudi Arabia. The agency also noted that markets may be underestimating the impact of a prolonged disruption in the Strait of Hormuz. Supply constraints have already begun affecting global flows, especially to Asian markets, raising concerns about upward pressure on energy prices if the situation continues.Read more

Lucknow News Desk

9 hours ago

Lucknow Police has attached assets worth over INR 5.78 crore linked to an alleged real estate fraud syndicate that duped buyers by selling non-existent or disputed land parcels. The action, carried out under the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act, targets properties and vehicles belonging to the accused. The syndicate reportedly posed as representatives of reputed developers and specifically targeted armed forces personnel. Authorities have registered multiple cases involving fraud, forgery and criminal conspiracy. The move forms part of an ongoing crackdown on organised real estate fraud, with further asset attachments expected as investigations progress.Read more

10 hours ago

CPI Property Group has announced a cash offer of EUR 3.00 per ordinary share for investors tendering their holdings in Next Re SIIQ S.p.A. The development signals a potential acquisition move aimed at consolidating its position in the European real estate market. The offer reflects CPI's continued expansion strategy, especially in listed real estate platforms. Next Re SIIQ, an Italian real estate investment company, has been part of broader consolidation trends in Europe's property sector, where institutional players are seeking scale and stable income-generating assets.Read more

10 hours ago

The Lucknow Kanpur Expressway has introduced a flat toll of INR 275 for cars, with a return journey within 24 hours priced at INR 475. An annual pass costing INR 3,075 has also been launched, allowing up to 200 trips and lowering the effective per-trip cost for regular commuters. The access-controlled corridor is expected to reduce travel time between the two cities to under an hour and ease congestion on the existing highway. The pricing structure is aimed at balancing commuter convenience with operational costs while promoting smoother traffic flow.Read more

11 hours ago

The Public Works Department has initiated the compensation claim process for land acquired for the Ponda Bhoma highway expansion in Goa. Around 46,308 square metres of land across multiple villages has been notified, and affected landowners have been asked to submit claims. The project includes widening works, flyovers, and underpasses to ease traffic congestion. The construction contract worth INR 273 crore has already been awarded, though the work order is still pending. The project has faced local resistance earlier, mainly over land acquisition and impact on structures.Read more

11 hours ago

Residents across Pimpri Chinchwad have demanded action against developers for failing to honour water supply commitments made during project approvals, forcing societies to depend on private tankers. Housing federations have sought recovery of expenses incurred by residents since 2019, with some societies reporting significant outflows on tanker procurement. The issue follows directives from the divisional commissioner to take action against non-compliant builders and publish details of violations. The civic body has indicated it is compiling a list of defaulting developers, while ongoing delays in the Bhama Askhed pipeline project continue to limit municipal supply. The situation highlights gaps in enforcement of developer undertakings and infrastructure readiness.Read more

12 hours ago

Gautam Adani-led Adani Group will receive 17 lakh sq m of free sale area in the 143-acre Motilal Nagar redevelopment project in Goregaon, Mumbai, with total investment estimated at INR 1 lakh crore. The project, to be executed over 10–15 years, will generate 28 lakh sq m of built-up space, with over 10.5 lakh sq m allocated for rehabilitation of existing residents and MHADA. The development, awarded under the CD&A model, will include mixed-use components and is expected to significantly increase housing supply, while rehabilitating 5,000 tenements and expanding occupancy to around 25,000 families.Read more

12 hours ago

Employees at TotalEnergies service stations in France went on strike in the past week, protesting rising fuel costs and seeking salary increases. The action, led by the CGT union, coincides with a peak travel period during spring holidays. The company stated that only seven stations, or around 4% of its network, were affected. The protest follows recent fuel price spikes linked to geopolitical tensions, even as TotalEnergies had earlier introduced capped pump prices. The development highlights ongoing cost pressures on frontline workers despite broader price-control measures and government discussions on fuel margin caps.Read more

13 hours ago

Owners of industrial plots converted for commercial use in Chandigarh have sought an increase in permissible floor area ratio (FAR) and revisions to building norms, citing concerns over economic viability. The association representing these owners has urged the administration to raise FAR from the current 2.0 to at least 2.5 and relax height restrictions. Around 125 plot owners had converted their properties under a 2005 policy, contributing nearly INR 1,200 crore in charges. However, stakeholders argue that existing development constraints, including mandatory infrastructure provisions, reduce usable space and limit returns. The demand comes amid broader policy discussions on FAR enhancements for industrial areas in the city.Read more

14 hours ago

Goswami Infratech, part of the Shapoorji Pallonji Group, has likely secured investor support to extend repayment of its high-yield debt by two months. The company had earlier raised INR 143 billion through bonds from global private credit funds and now has an outstanding of INR 83.43 billion. The extension request comes amid delays in its planned USD 2.8–3.1 billion fundraising due to rising hedging costs. Most investors are said to be aligned with the proposal without seeking additional returns, indicating continued confidence in the group’s repayment strategy despite near-term liquidity challenges.Read more

15 hours ago

Illegal colonies along the Ganga riverbank in Haridwar have emerged as a significant source of pollution, with local authorities flagging direct discharge of untreated waste into the river. The municipal body has written to the irrigation department seeking action against encroachments on government land, where basic sewage infrastructure is absent. These settlements reportedly release domestic and human waste into the river, undermining ongoing clean-up efforts. The issue highlights gaps in urban planning and enforcement, particularly in riverfront zones, and raises concerns over environmental compliance in unregulated housing clusters. Authorities are now considering coordinated action to address both encroachment and waste management failures.Read more

16 hours ago

Canada's benchmark TSX index ended lower in the past week after a recent six-week high, as weakness in consumer-focused stocks outweighed gains in energy and real estate. Rising oil prices, driven by global supply concerns linked to geopolitical tensions, remained a key factor influencing investor sentiment. While the energy sector benefited from higher crude prices, real estate stocks also gained momentum following a major acquisition deal. Market participants remained cautious about the longer-term economic impact of sustained high oil prices and ongoing uncertainty in global energy markets.Read more

Lucknow News Desk

21 Apr 2026

The Lucknow Development Authority has introduced a one-time settlement (OTS) scheme targeting nearly 4,000 defaulting property allottees across residential, commercial and institutional segments. Rolled out earlier this week, the scheme allows waiver of penal interest and offers structured payment options, including instalments for high-value dues. Incentives for early settlement and simplified processing aim to accelerate resolution of long-pending defaults. The initiative is designed to improve revenue recovery while enabling property regularisation for allottees facing accumulated liabilities. With dedicated help desks and outreach measures, the authority is seeking to bring inactive accounts back into compliance and streamline property administration across its portfolio.Read more

21 Apr 2026

Wipro Limited has entered into a definitive agreement to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries for a total consideration of up to USD 70.8 million. The transaction, expected to close by the end of June 2026, includes an earnout component linked to performance conditions. The acquisition will provide Wipro access to key client relationships, associated workforce, and ongoing contracts, strengthening its AI-powered and consulting-led application services capabilities. The acquired portfolio reported revenues rising from USD 27.9 million in 2023 to USD 37.3 million in 2025, reflecting steady growth across global markets.Read more

Hyderabad News Desk

21 Apr 2026

Hyderabad is planning a ropeway project to connect Golconda Fort and the Qutb Shahi Tombs to improve tourist movement and reduce road congestion. The proposed 1.3-km stretch is part of efforts to strengthen heritage infrastructure and offer an alternative travel option. Authorities are exploring a public-private partnership model, with feasibility studies underway. The project is expected to improve accessibility between the two monuments, which currently rely on road connectivity, while also supporting tourism growth and better visitor management in the area.Read more

21 Apr 2026

The Securities and Exchange Board of India has approved initial public offerings of Avaada Electro, Sonaselection India and Grand Housing, with observations issued over the past week. Avaada Electro plans to raise INR 9,000–10,000 crore through a mix of fresh issue and offer-for-sale, with proceeds expected to fund solar manufacturing expansion, including a 5.1 GW facility in Uttar Pradesh and capacity additions in Maharashtra. Sonaselection India will issue 1.43 crore fresh shares to reduce debt and fund capex, while Grand Housing’s IPO is entirely an offer-for-sale of 3.55 crore shares. All three companies are set to list on the BSE and NSE.Read more

21 Apr 2026

Switzerland's Federal Council has proposed stricter regulations on real estate purchases by foreign nationals, particularly targeting buyers from outside the EU and EFTA. The draft amendments to the Lex Koller law introduce permit requirements for primary residences, mandatory resale conditions and restrictions on investment-driven acquisitions. The proposals are currently under public consultation until mid-July and are aimed at addressing housing shortages and rising immigration pressures. Additional measures include curbs on holiday home purchases and limits on commercial property acquisitions for rental purposes. The move reflects policy efforts to regulate foreign participation in the housing market amid concerns over affordability and infrastructure strain.Read more

21 Apr 2026

HDFC Bank, through its CSR initiative Parivartan, has built and restored over 15,289 water structures across more than 10,430 villages, supporting around 14.92 lakh households nationwide. The programme has also enabled access to safe drinking water in over 950 villages through community purification systems. The initiative spans farm ponds, check dams, rainwater harvesting systems, and decentralised distribution infrastructure, alongside irrigation support for farming communities. Combined with agricultural interventions and community-led planning, the programme aims to improve water access, enhance irrigation coverage, and support rural livelihoods through sustainable resource management.Read more

21 Apr 2026

BPTP Ltd has announced a significant expansion in the Delhi-NCR real estate market with a planned investment of around INR 1,100 crore for a luxury residential project in Faridabad. The company has launched its new project named ‘Skynest’ in Sector 80, Greater Faridabad, which will include 325 residential units. The project is expected to generate a total revenue of nearly INR 1,800 crore, with apartment prices starting at around INR 5 crore. While the company has not officially disclosed the total cost, regulatory filings indicate a project cost close to INR 1,100 crore.Read more

21 Apr 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a participatory land acquisition framework for the planned Mumbai 3.0 project, covering over 323.44 sq km across Raigad district. The policy offers landowners multiple options, including consent-based acquisition, development rights compensation, and a land pooling model with 22.5% developed land return. Linked to the Atal Setu corridor, the initiative aims to promote planned urban expansion and infrastructure-led growth. Landowners will be able to submit consent through an online system starting April 27, 2026, marking a shift towards more inclusive and transparent development practices.Read more

21 Apr 2026

The 23rd CREDAI MCHI Thane Property Expo concluded recently with strong participation, drawing over 20,000 visitors and recording 234 on-the-spot bookings. The three-day event showcased more than 100 RERA-approved projects across segments and price ranges, with the INR 55 lakh to INR 2.25 crore bracket seeing the highest demand. Key micro-markets such as Ghodbunder Road, Kolshet, Pokhran and Majiwada remained in focus. Banks sanctioned home loans worth INR 398 crore during the event. Developers also reported steady NRI and investor interest, supported by ongoing infrastructure developments across Thane.Read more

21 Apr 2026

Choice Properties REIT and KingSett Capital have announced a joint acquisition of First Capital REIT in a cash-and-stock transaction valued at approximately USD 6.85 billion, including debt. The deal involves splitting First Capital's portfolio, with Choice acquiring grocery-anchored retail assets and KingSett taking over the remaining properties as a private investment. The transaction offers shareholders a mix of cash and stock at a premium to the previous closing price. The move reflects continued investor interest in stable, necessity-driven retail assets across Canada's urban markets.Read more

21 Apr 2026

State-owned NTPC stated that its subsidiary NGEL, through its group firm, would commence commercial power supply of 150 MW from a 300 MW solar project in Rajasthan in the coming days. The project is owned by Project Sixteen Renewable Power Private Ltd, a step-down subsidiary of ONGC NTPC Green Private Ltd. Following the commissioning, NGEL group capacity is expected to rise to 10,276.40 MW, while NTPC's overall installed capacity will reach 89,528 MW, with commercial capacity at 88,448 MW. The development reflects ongoing capacity additions within NTPC's renewable energy portfolio.Read more

21 Apr 2026

NBCC Ltd has completed the e-auction of approximately 14 lakh sq ft of commercial space at Bharat Business Park in Sarojini Nagar, New Delhi, achieving a total transaction value of around INR 5,779 crore. The offering, part of a larger redevelopment initiative, saw strong participation from corporates, multinational firms and institutional investors. The average realised rate stood at INR 41,207 per sq ft, surpassing the reserve price and indicating sustained demand for Grade A commercial assets in established urban locations. The monetisation forms part of a broader government-led redevelopment programme, with proceeds earmarked for financing residential colony upgrades. NBCC will earn a one per cent marketing fee from the transaction, further reinforcing its role as a key project management and monetisation agency.Read more

21 Apr 2026

Prologis has increased its full-year core funds from operations (FFO) forecast, supported by consistent demand for logistics and warehouse spaces. The company reported stable leasing activity and strong interest from retailers, manufacturers, and data centre operators. Quarterly performance slightly exceeded market expectations, with higher revenue and marginally better FFO per share. Growth in artificial intelligence infrastructure and digital facilities has also contributed to demand. The revised outlook now stands above analyst estimates, reflecting confidence in leasing momentum and expansion in data centre development.Read more

21 Apr 2026

Construction costs for shopping malls in India have increased by 13.9% over the past two years, driven by higher spending on design, infrastructure and building systems. Developers are investing more in advanced fades, multi-level basements and upgraded mechanical, electrical and plumbing (MEP) systems to meet evolving consumer expectations. The rise has made mall development more capital-intensive, even as demand for organised retail space remains strong. The trend reflects a shift towards experience-led retail formats, requiring higher upfront investment. Developers are now recalibrating project economics amid rising costs, which may influence leasing strategies and timelines for new mall supply.Read more

21 Apr 2026

Aditya Birla Capital has diluted its stake in Aditya Birla Housing Finance Ltd by selling a 14.29 per cent stake to Indriya Ltd, backed by private equity firm Advent International. The transaction, valued at INR 2,750 crore, was completed through a preferential allotment of equity shares. Following the deal, ABHFL is no longer a wholly owned subsidiary, with Aditya Birla Capital retaining an 85.505 per cent stake. The move reflects continued investor interest in housing finance companies amid steady demand for home loans and retail credit expansion.Read more

Lucknow News Desk

21 Apr 2026

The Lucknow Development Authority (LDA) has approved 15 major development proposals, including a new township in Amausi, with a combined investment of nearly INR 2,500 crore. The clearances cover residential, commercial and institutional projects across the city and are expected to add fresh housing supply and urban infrastructure. The proposed Amausi township will be developed over a large land parcel near the airport corridor, reflecting the authority's focus on planned urban expansion in southern Lucknow. The approvals form part of a broader push to accelerate project clearances and unlock stalled investments in the city's real estate market.Read more

21 Apr 2026

The Nagpur-Mumbai Samruddhi Expressway recorded toll collections of INR 1,240.04 crore in FY26, with 1.55 crore vehicles using the corridor, marking a year-on-year increase of nearly INR 500 crore. The 701 km access-controlled expressway has seen steady traffic growth since its phased opening, crossing one crore vehicles in FY25. Cumulative usage has reached 3.44 crore vehicles, generating INR 2,660 crore in toll revenue to date. The sharp rise in collections reflects increasing traffic volumes across the corridor, which connects key districts in Maharashtra and serves as a major intra-state logistics and passenger movement route.Read more

21 Apr 2026

Technology firm Atomic North has opened a new office in Chennai, located at WeWork DLF Cybercity on Mount Poonamallee Road, Manapakkam, as part of its expansion in South India. The facility is intended to strengthen regional client engagement and tap into Chennai's technology talent pool. The company plans to recruit across engineering, operations, and client-facing roles in the coming months. The move reflects Atomic North's broader strategy to scale its presence across India and enhance service delivery to clients in the southern market.Read more

21 Apr 2026

The Karnataka Real Estate Regulatory Authority (K-RERA) has directed the Bangalore Development Authority (BDA) to pay approximately INR 56 lakh as interest compensation to a homebuyer for delays in providing basic amenities at the Nadaprabhu Kempegowda Layout in Bengaluru. The order follows a complaint where the allottee had received possession without essential infrastructure such as roads, water and electricity. K-RERA held that BDA qualifies as a promoter under the RERA framework and is liable for deficiencies in service. The ruling reinforces accountability of public authorities in real estate projects and underscores that possession without infrastructure does not meet statutory obligations.Read more

21 Apr 2026

Panchshil Realty has secured Integrated Management System certification across 12 office parks spanning approximately 16.6 million sq ft in Pune and other locations. The certification covers four ISO standards ISO 9001, ISO 14001, ISO 45001, and ISO 41001 across assets including IT parks, SEZs, and mixed-use developments. The portfolio also includes three office parks under Ventive Hospitality Ltd. The certification applies to end-to-end facility management services and reflects adherence to global operational, environmental, and safety benchmarks as the developer expands its commercial real estate footprint.Read more