42 minutes ago

French infrastructure company Vinci SA has agreed to acquire a portfolio of nine operational toll highways in India from Macquarie Asset Management for an enterprise value of about USD 1.7 billion (approximately INR 15,000 crore), in one of the largest road asset transactions in the country. The deal, announced in the past week, involves assets held under the Safeway Concessions platform, spanning nearly 700 km across Andhra Pradesh and Gujarat. Originally acquired by Macquarie in 2018 under the toll-operate-transfer (TOT) model, the assets are being divested as part of its portfolio strategy. The transaction is subject to regulatory approvals and is expected to reach financial closure by end-2026, with Vinci likely to house the assets under a local operating structure.Read more

1 hour ago

RITES Limited has received a revision in the value of its ongoing consultancy contract with National Aluminium Company Limited (NALCO), increasing the total project cost to INR 118.89 crore from INR 79.73 crore. The project involves detailed engineering and project management consultancy for a railway siding at the Utkal-D coal mines in Odisha. The increase reflects an expanded scope of work under the existing agreement. Executed on a cost-plus basis, the project supports coal evacuation infrastructure and strengthens RITES order book visibility in the railway consultancy segment.Read more

Pune News Desk

2 hours ago

The Maharashtra Pollution Control Board (MPCB) has directed the Pune Municipal Corporation to address gaps in sewage treatment infrastructure within six months and achieve full sewer network coverage within four months, following a recent review of pollution levels in the city. The directive, issued in the past week, comes after findings that Pune generates around 980 million litres per day (MLD) of sewage, of which nearly 500 MLD is being discharged untreated into the Mula and Mutha rivers through multiple drains. The regulator has asked the civic body to intercept major nullahs, halt direct discharge, and submit a time-bound action plan. The order also covers improvements in solid waste management and air pollution control, indicating broader concerns around urban environmental infrastructure and compliance.Read more

3 hours ago

A cybercrime network operating in Kanpur was recently exposed after authorities arrested around 20 individuals involved in cheating applicants under the Pradhan Mantri Awas Yojana (PMAY). The group reportedly used fake identities, forged documents and online communication channels to mislead applicants by promising housing benefits under the government scheme. Victims were contacted through calls and digital platforms and were tricked into sharing personal information and transferring money. Investigations indicated an organised setup with wider regional links, and further probe is underway to trace additional members and financial transactions linked to the fraud.Read more

4 hours ago

The Karnataka government is planning to install electric vehicle (EV) charging stations at intervals of 60-70 km along state highways, in a move aimed at strengthening intercity charging infrastructure and encouraging EV adoption. The initiative, outlined in the past week, will be implemented by Bangalore Electricity Supply Company in collaboration with Karnataka Road Development Corporation Limited across a 3,000-km highway network. Charging points are proposed at toll plazas, bus bays, truck lay-bys and select operational facilities. Initial site assessments have identified a majority of locations as viable, with fast-charging capability expected at several stations. The plan seeks to address range anxiety among EV users and improve long-distance travel feasibility, while supporting the state's broader push towards clean mobility.Read more

5 hours ago

The outlook for European companies has shown a slight improvement, supported mainly by strong expected earnings from the energy sector. Latest estimates indicate modest growth in overall corporate earnings, with energy firms driving a significant share of the increase due to higher crude prices. However, most other sectors continue to see limited growth, and some like utilities and real estate are expected to decline. Revenue growth remains slower than earnings. Market participants remain cautious, as future corporate performance is still closely tied to global geopolitical developments and energy price movements.Read more

6 hours ago

ADC is developing Amaravati with a strong focus on eco-tourism and sustainable infrastructure. The Gravity Canal is being transformed into a tourist attraction, while reservoirs in Neerukonda and Penumaka are under construction to support water management and recreational activities. ADC's Translocation Nursery preserves large trees and medicinal plants displaced by construction and will serve as a community space. World Bank representatives visited these projects, acknowledging the efforts as innovative and impactful for the city's development and environmental sustainability.Read more

Mumbai News Desk

7 hours ago

The Brihanmumbai Municipal Corporation (BMC) is preparing to introduce an artificial intelligence (AI)-driven facility aimed at improving ease of doing business in Mumbai's real estate sector. The system is designed to streamline civic approvals by integrating multiple processes into a single digital platform, reducing manual intervention and improving transparency. It will support real-time tracking, document verification, and compliance checks through AI tools. The initiative is expected to reduce approval timelines and enhance efficiency for developers, architects, and consultants, while also improving investor confidence in the city's real estate ecosystem.Read more

8 hours ago

The Uttar Pradesh government has approved the redevelopment of 49 bus stations under a public-private partnership model to improve transport infrastructure and passenger facilities. The project, led by UPSRTC, is expected to attract investment of over INR 4,000 crore without direct government spending. The plan includes modernising stations into multi-use hubs with better amenities and commercial spaces. Revised policy norms such as relaxed eligibility criteria and longer lease periods are aimed at increasing private sector participation and ensuring smoother execution across districts.Read more

Kolkata News Desk

8 hours ago

The Bidhannagar Municipal Corporation has announced the rollout of its online property tax collection system starting April 13, aimed at making tax payments more accessible and reducing reliance on physical counters. The system will allow residents across different wards to pay property tax digitally through the official municipal platform using their assessment details. Offline payment facilities will be introduced in a phased manner in select wards shortly after the online launch. Demand notices for the current financial year are expected to be made available around the same period to support smooth tax processing.Read more

9 hours ago

Domicil Germany has entered the Tricity market with its first store at Luxe 9, marking its regional debut through an exclusive showcase attended by architects, developers and high-net-worth individuals. The brand, part of HTL International, aims to tap into rising demand for premium, design-led home interiors linked to evolving residential preferences. The launch reflects increasing alignment between luxury housing and curated interior solutions in the Chandigarh Panchkula Mohali region, where demand for globally influenced design and high-quality furnishings is gaining traction alongside growth in upscale residential developments.Read more

9 hours ago

Nearly 40% of property owners in Belagavi have defaulted on property tax payments, raising serious concerns for the Belagavi City Corporation's revenue stability and overall financial planning. Out of more than 1.66 lakh registered properties, tax compliance has remained low, resulting in collections falling well below targets set for the financial year. The shortfall has impacted civic development work, slowed infrastructure planning, and highlighted gaps in enforcement and recovery mechanisms. Officials have acknowledged the widening gap between rising property numbers and actual tax compliance, indicating stronger monitoring and stricter recovery measures may be required going forward.Read more

10 hours ago

The Uttar Pradesh Cabinet has approved the establishment of a Forestry and Horticulture University in Gorakhpur, aimed at strengthening environmental education and research. Planned over nearly 50 hectares with an investment of over INR 491 crore, the project has already received an initial allocation of INR 50 crore. The university will offer a wide range of courses in forestry, horticulture, and climate-related fields. It is expected to support biodiversity conservation, improve forest cover, and create employment opportunities while contributing to sustainable agriculture and ecological balance in the state.Read more

10 hours ago

Gujarat reported a strong rise in stamp duty and registration revenue in the financial year 2025-26, with collections increasing 30% to INR 19,102.58 crore compared to INR 14,706 crore in the previous year. The growth came despite only a marginal rise in property registrations, indicating higher property valuations as the key driver. Officials linked the increase to revised jantri rates implemented in the earlier cycle, which continued to impact valuations. Ahmedabad led the state in both revenue and registrations, followed by Surat, Rajkot, Vadodara and Gandhinagar.Read more

11 hours ago

Agrocorp Landbase has announced a premium second-home project, Vacation Village, in Chikkamagaluru, with a projected revenue potential of around INR 200 crore and a saleable area of 0.55 million sq ft. The launch comes as India's leisure housing segment records sustained growth, with demand rising 30-40% since 2020 and annual expansion estimated at 18-22%. Located within driving distance of Bengaluru, the project is positioned as a plotted hill-home community catering to second-home buyers seeking a mix of lifestyle use and long-term investment, reflecting evolving residential preferences in post-pandemic urban markets.Read more

11 hours ago

The Uttar Pradesh government has initiated 325 development projects worth INR 6,466 crore in Agra, including the proposed Greater Agra township. Planned across about 449 hectares, the township will feature multiple residential sectors and supporting infrastructure. Alongside this, several projects focused on roads, civic amenities and public services have been launched. The move is aimed at improving connectivity, planned urban growth and economic activity, while strengthening Agra's position as an emerging urban centre in the state.Read more

12 hours ago

A Pune sessions court has rejected anticipatory bail pleas of a homeowner and a borewell contractor accused of damaging an underground metro tunnel in Shukrawar Peth. The incident occurred during unauthorised drilling, which punctured the tunnel and caused water seepage onto the tracks. The court noted serious risks to public safety and infrastructure and allowed the investigation to proceed without protection from arrest. A case has been registered under the Bharatiya Nyaya Sanhita and the Metro Railways Act, with potential imprisonment of up to 10 years.Read more

13 hours ago

Maharashtra Metro Rail Corporation (Maha Metro), in collaboration with the Nagpur Municipal Corporation (NMC), has announced a feeder bus service along Hingna Road to strengthen last-mile connectivity for Metro commuters. The service, expected to commence shortly, will connect Lokmanya Nagar Metro Station with key institutions including Lata Mangeshkar Hospital and prominent engineering colleges in the Hingna corridor. The initiative follows demand from students and patients who rely on public transport for daily access. Registration drives for Maha Card and bus passes have also been initiated to support integration. The move is aimed at improving multimodal transport usage and reducing reliance on private vehicles in a rapidly developing urban stretch of Nagpur.Read more

13 hours ago

The National Green Tribunal (NGT) has refused to grant an interim stay on Telangana's proposed Future City project near Hyderabad, while asking key authorities to respond to environmental concerns raised in a petition. The tribunal has directed the Future City Development Authority (FCDA) and the Union environment ministry to file their replies and listed the next hearing for June 9. The petition alleged that development activities began without mandatory environmental clearances. The state government has maintained that the project is still in its early stage and no violations have taken place.Read more

14 hours ago

M3M India has received the Occupancy Certificate for M3M Paragon57, a mixed-use high-street retail development in Sector 57, Gurugram. Spread across 3.16 acres, the project comprises 554 units with a saleable area of about 5 lakh sq ft and an estimated investment of INR 560 crore. The development integrates retail with serviced apartments and has already pre-leased around 60% of its retail space. With a projected topline of nearly INR 1,000 crore, the project reflects continued demand for curated high-street retail formats in established urban micro-markets.Read more

15 hours ago

The Rajasthan government has proposed seven locations for developing industrial hubs under the Centre's BHAVYA (Bharat Audyogik Vikas Yojana) scheme, aimed at creating next-generation, plug-and-play industrial ecosystems. The proposal, submitted in the past week, aligns with the national plan to develop 100 industrial parks with modern infrastructure and integrated logistics. Most of the identified sites fall within the Delhi-Mumbai Industrial Corridor influence zone, offering connectivity advantages. Existing projects such as the Khushkhera-Bhiwadi-Neemrana Investment Region and Jodhpur-Pali-Marwar Industrial Area are already under development. The state has indicated readiness through available land parcels and an established Special Purpose Vehicle framework, which is expected to reduce project timelines and support investor participation across manufacturing and logistics sectors.Read more

16 hours ago

Land acquisition has begun for the proposed East West Dedicated Freight Corridor, marking progress in India's plan to expand its freight rail network. The corridor will connect Dankuni in West Bengal to Palghar in Maharashtra, covering key industrial regions. Officials indicated that coordination with state governments is ongoing to support land acquisition and alignment finalisation. The project follows the development of the Eastern and Western corridors and is aimed at improving freight movement efficiency, reducing congestion on passenger routes, and lowering logistics costs across the country.Read more

17 hours ago

PRANA by Nila, a residential development by Nila Urban Living Private Limited in GIFT City, has received EDGE Advanced Preliminary Certification from Sintali, becoming the first residential project in the city to achieve this rating. Announced on April 9, the project has also secured WELL Pre-Certification, positioning it among a limited number of developments pursuing both sustainability and wellness benchmarks. The 696-unit project has reported 48% energy savings, 52% water savings and a 46% reduction in embodied carbon, exceeding EDGE requirements. Designed with features such as energy-efficient systems, renewable energy integration and water recycling, the project is expected to generate annual operational emissions of 312.84 tCO while achieving savings of 244.44 tCO. The certification reflects increasing adoption of global green building standards in India's emerging financial districts.Read more

18 hours ago

Casagrand has introduced a new premium residential project, Casagrand Ventra, in Kattupakkam, West Chennai, offering a mix of apartments and floor villas. Spread across 3.5 acres, the development includes 279 units supported by 57 lifestyle amenities and large open spaces. The project is strategically located on Poonamallee High Road, ensuring strong connectivity to metro stations, educational institutions, healthcare facilities, and employment hubs. With pricing starting from INR 85 lakh and going up to INR 2.97 crore, the project is positioned to attract both end-users and investors looking for well-connected urban housing options.Read more

Gurugram News Desk

19 hours ago

BPTP Limited has awarded a construction contract worth approximately INR 488 crore to NCC Limited for its residential project, Downtown 66, located in Sector 66, Gurugram. The contract covers civil structure and finishing works for a total built-up area of about 1,79,302 sq m, including residential towers and associated amenities. Positioned along Golf Course Extension Road, the development forms part of BPTP's ongoing portfolio in the city. The project has secured IGBC Platinum pre-certification and is being designed to meet higher seismic standards. Multiple global and domestic consultants have been engaged across architecture, engineering, and sustainability disciplines, reflecting a multi-stakeholder approach to execution.Read more

Ludhiana News Desk

20 hours ago

The Punjab government has accelerated highway projects worth INR 1,904 crore in Ludhiana, focusing on three key corridors Ludhiana Bathinda, Southern Bypass and Ludhiana Ropar. These projects are expected to form a ring road and improve connectivity to the upcoming Halwara airport. The state has pushed for faster land acquisition, timely compensation and removal of execution delays. Alongside construction, local issues such as drainage, congestion and road safety are also being addressed. The initiative aims to strengthen urban mobility and support industrial and regional movement in and around Ludhiana.Read more

21 hours ago

Residents of Secunderabad Cantonment have sought a reduction in the transfer of property tax from 5% to 1.5%, highlighting that the current rate is outdated and higher than nearby GHMC areas. A residents group has requested a fresh notification and wider public consultation before continuing the levy. The demand comes as the Cantonment Board prepares to directly collect the tax from June 2026. Concerns over tax disparity, lack of transparency, and rising financial burden on property owners have brought renewed attention to the issue.Read more

22 hours ago

The Union government has slowed its efforts to develop a centralised, multi-sector Infrastructure Investment Trust (InvIT) model, opting instead to continue with sector-specific InvIT structures for infrastructure asset monetisation. The shift follows concerns over regulatory clarity and governance frameworks required to pool assets across sectors and states. Policymakers and industry stakeholders have indicated that while a diversified InvIT platform remains a long-term objective, current conditions favour single-sector vehicles such as road-focused InvITs. The development comes amid ongoing efforts under the National Monetisation Pipeline to unlock value from public infrastructure assets, with the government prioritising operational feasibility and investor confidence in the near term.Read more

23 hours ago

Mangaluru City Corporation is planning a construction and demolition (C&D) waste management unit at the Pachanady dump yard to address rising illegal dumping across the city. Waste is being disposed of in open areas and near riverbanks, raising environmental concerns. Builders will be required to use the facility by paying a fee, while stricter monitoring and penalties are being introduced. The move is part of efforts to improve waste handling and ensure accountability among developers and contractors.Read more

10 Apr 2026

The National Company Law Appellate Tribunal upheld the distribution of funds to dissenting financial creditors in the insolvency case of OCL Iron and Steel. It rejected a petition filed by five banks that challenged payments made to State Bank of India and Punjab National Bank. The tribunal ruled that the distribution approved by the Committee of Creditors and later by the adjudicating authority was lawful and aligned with the Insolvency and Bankruptcy Code. It also clarified that the Monitoring Committee did not have the authority to change the approved plan.Read more

10 Apr 2026

Property purchases in Spain by US citizens rose 3% in 2025 even as overall foreign transactions declined, with American buyers increasingly active in the premium residential segment. Data released in the past week by Spain's General Council of Notaries shows foreign buyers accounted for 19% of total transactions, with US buyers contributing around 2%. While Britons remain the largest foreign group, their activity has declined over recent years, contrasting with a steady rise in US participation. Americans are paying approximately 29% above the foreign buyer average, particularly targeting high-value properties above EUR 3 million in locations such as Madrid, Valencia and Costa del Sol. Industry participants attribute this trend to a mix of strong dollar positioning, investment diversification and geopolitical considerations influencing cross-border residential demand.Read more

Delhi News Desk

10 Apr 2026

The Delhi government has planned the redevelopment of spaces under six flyovers through public-private partnerships to improve usability and urban aesthetics. The project will introduce green zones, murals, seating areas, lighting, and sanitation upgrades. A Ramayan-themed mural at Mangi Setu is a key highlight. Companies including EaseMyTrip Foundation, Godrej Industries Group, and Dalmia Bharat Limited will execute the work under CSR initiatives. The plan focuses on converting unused spaces into safe, organised, and accessible public areas while improving overall infrastructure quality.Read more

10 Apr 2026

Vin Group, a Vietnamese firm, plans to invest USD 6.5 billion in Maharashtra for sustainable urban development, electric mobility, tourism, renewable energy, and social infrastructure. The MoU with MMRDA and the Industries Department aims to create smart residential townships, large-scale electric transport solutions, international-standard schools and hospitals, a solar power project, and tourism facilities. Spread over 5,000 acres, the project is expected to generate around 24,700 jobs. The initiative aligns with Maharashtra's efforts to make Mumbai a globally competitive economic and urban hub.Read more

10 Apr 2026

Prime Minister Narendra Modi is scheduled to inaugurate the HPCL-Rajasthan refinery at Pachpadra later this month, bringing into operation a 9 MMTPA integrated refinery-cum-petrochemical complex developed at an estimated cost of around INR 80,000 crore. The project, implemented by HPCL Rajasthan Refinery Ltd, is a joint venture between Hindustan Petroleum Corporation Ltd and the Government of Rajasthan. Located in Balotra district, the facility includes petrochemical capacity of 2.4 MMTPA and is designed to process both domestic and imported crude. The refinery has evolved over more than a decade, undergoing cost revisions and policy changes, and is expected to support industrial development, employment generation and downstream sector growth across western Rajasthan.Read more

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

10 Apr 2026

The central government has revised its Transit Oriented Development (TOD) policy to increase affordable housing supply along metro and rapid rail corridors. The updated framework mandates that 65% of the built-up area be used for smaller housing units, while allowing higher density and mixed-use development. It also reduces minimum plot size and introduces faster approvals through a single-window system. The policy aims to improve land use efficiency, strengthen last-mile connectivity, and promote compact urban growth near transit networks, especially in cities like Delhi.Read more

10 Apr 2026

The Real Estate Regulatory Authority (RERA) in Gurugram has cleared all pending complaints up to 2024, marking a significant improvement in case resolution. The authority stated that over 2,000 cases pending as of the end of the past financial year have now been resolved. In 2025 alone, more than 5,000 complaints were adjudicated, with relief provided in the form of refunds or delayed possession charges based on case merits. Gurugram RERA now leads in complaint disposal efficiency among RERA bodies, despite being among the top in complaint registrations.Read more

10 Apr 2026

GQG Partners, a US-based investment firm backed by NRI investor Rajiv Jain, reduced its stake in ITC Hotels through an open market transaction in the past week. The firm sold around 1.29 crore shares, representing a 0.62 per cent stake, for approximately INR 197 crore. Following the deal, its holding declined to 1.35 per cent from 1.97 per cent. The buyers were not disclosed. The transaction comes amid active institutional participation in hospitality stocks, with ITC Hotels witnessing steady market interest and a rise in share price during the same trading session.Read more

10 Apr 2026

Singapore-listed City Developments has launched a multicurrency perpetual securities programme worth SGD 2 billion (approximately USD 1.57 billion) to strengthen its capital structure and support funding requirements. Announced on April 9, the programme allows the company to issue securities in multiple tranches and currencies, subject to regulatory approvals. Proceeds will be utilised for general corporate purposes, including working capital needs and refinancing of existing borrowings. United Overseas Bank has been appointed as arranger and dealer for the programme, while the company has applied for listing of the securities on the Singapore Exchange. The move reflects ongoing efforts by real estate developers to access flexible capital instruments amid evolving funding requirements.Read more

10 Apr 2026

Premier Energies Ltd has secured orders worth INR 2,577 crore during the fourth quarter of FY26 for supplying 1,600 MW of solar cells and modules. The contracts, awarded by a mix of domestic independent power producers, module manufacturers and EPC contractors, are scheduled for execution across FY27 and FY28. The development reflects sustained demand in India's solar manufacturing segment and growing confidence in the company's integrated capabilities. The company is also expanding its manufacturing scale, with cell capacity expected to reach 10.6 GW and module capacity already increased to 11.1 GW.Read more

10 Apr 2026

A group of institutional investors acquired a 1.6 per cent stake in Delhivery through open market transactions, with the deal valued at around INR 530 crore. The stake was sold by Nexus Venture Partners as part of its ongoing stake reduction strategy. Key buyers included BNP Paribas, SBI Mutual Fund, Edelweiss Mutual Fund, Nippon India Mutual Fund, AlphaGrep Investment Management and ICICI Prudential Life Insurance. The transaction reflects continued investor interest in the logistics sector and follows multiple stake sales by Nexus over the past two years.Read more

10 Apr 2026

Mubadala Investment Company reported a 17 per cent increase in assets under management, reaching USD 385 billion in 2025, supported by strong domestic and global portfolio performance. The fund continues to play a key role in diversifying the United Arab Emirates economy beyond hydrocarbons. With 44 per cent exposure to the United States and nearly a quarter invested locally, Mubadala is also expanding its focus on artificial intelligence, robotics, and technology-led sectors while maintaining strong long-term returns above 10 per cent.Read more

10 Apr 2026

Anant Raj Ltd has entered into a supplementary agreement with Destination Properties Private Limited to advance a group housing project in the Delhi NCR region. The development will span over 5.0875 acres and forms part of the company's ongoing residential expansion strategy. The move comes at a time when residential demand in key urban markets continues to remain stable, particularly in mid to premium segments. The agreement indicates continued collaboration between the two entities and reflects Anant Raj's focus on strengthening its project pipeline in the region.Read more

10 Apr 2026

Electric mobility firm Simple Energy has expanded its retail presence with the launch of five new stores across Delhi, Nashik, Aurangabad and Siliguri, as part of its pan-India growth strategy announced on April 9. The company has strengthened its footprint in Delhi by opening outlets at two locations, while marking its entry into Nashik, Aurangabad and Siliguri with first-time stores. With this expansion, the Bengaluru-based firm now operates nearly 70 outlets across 38 cities. The company has also outlined plans to enter additional markets, including Nagpur, Ranchi and Bhubaneswar. The move reflects continued expansion of EV retail infrastructure in tier-I and tier-II cities to improve accessibility and after-sales support for customers.Read more

10 Apr 2026

The Enforcement Directorate conducted searches at seven locations linked to Kolkata-based Merlin Group as part of a money laundering probe. The investigation relates to alleged land grabbing using forged ownership documents and raising funds by projecting false ownership claims. Authorities suspect that investors were misled into funding real estate projects built on disputed land. The case is also linked to earlier legal disputes, including a stalled INR 600 crore project and a demolition order in another development. The probe is ongoing, with officials examining financial records and land documents.Read more

10 Apr 2026

The National Highways Authority of India (NHAI) has announced an initiative to develop Arogya Van thematic plantations of medicinal trees across vacant land parcels along National Highways to enhance biodiversity and ecological resilience. In the first phase, 17 sites covering 62.8 hectares have been identified across multiple states including Madhya Pradesh, Maharashtra, Gujarat and Tamil Nadu. The programme will involve planting approximately 67,462 trees comprising 36 medicinal species such as neem, amla and jamun, selected based on agro-climatic suitability. Priority locations include areas near toll plazas, interchanges and wayside amenities to improve public visibility. The initiative is positioned as part of broader efforts to integrate environmental considerations into highway infrastructure development.Read more

10 Apr 2026

Real estate firm Dalcore has announced an investment of INR 500 crore to develop a branded luxury housing project in Gurugram in partnership with London-based design brand YOO. The project, named The Falcon, has been launched in the past week on a 2-acre land parcel along Golf Course Road and will comprise a single 165-metre-high tower. With a built-up area of approximately 5 lakh sq ft, the development will include 96 units, comprising 93 apartments and three penthouses. Apartment prices are expected to start from INR 10 crore, with the developer targeting total revenues of around INR 1,450 crore. The project marks Dalcore's entry into the residential segment and introduces YOO-branded residences to North India, reflecting growing demand for design-led premium housing offerings in key urban markets.Read more

10 Apr 2026

The Insolvency and Bankruptcy Board of India (IBBI) has recommended introducing project-wise insolvency in the real estate sector to better safeguard homebuyers and ensure timely project completion. The proposal suggests treating each project as a separate unit during insolvency proceedings instead of including the entire developer entity. This is expected to prevent financially stable projects from being impacted by stressed ones. The recommendation comes in response to delays and fund diversion issues seen in past cases and aims to improve resolution efficiency and protect buyer interests.Read more

10 Apr 2026

Signature Global Ltd reported a decline in both quarterly and annual pre-sales, reflecting a slowdown after a strong previous year. Sales bookings dropped to INR 1,540 crore in the last quarter, while annual bookings fell to INR 8,220 crore from a record high. The company continues to focus on the Gurugram residential market but has now entered the commercial real estate segment through a joint venture with RMZ Group. The move signals diversification amid changing market conditions, while the firm maintains focus on execution, capital discipline, and long-term value creation.Read more

10 Apr 2026

NILE Hospitality has announced the signing of a 75-key Courtyard by Marriott hotel in Dibrugarh, Assam, marking its continued expansion in emerging hospitality markets. The project is expected to improve the city's organised hotel supply and cater to rising demand from business and agricultural sectors. Dibrugarh, known as a key commercial centre in eastern India, has been witnessing steady growth in domestic travel and trade activity. The upcoming hotel is likely to bring branded accommodation and standardised services to the region, aligning with broader trends of hotel chains entering tier-II and tier-III cities.Read more