11 minutes ago

Sri Lotus Developers and Realty Ltd reported an 11 per cent increase in consolidated net profit during the quarter ended March 2026, supported by higher income and continued activity across its real estate portfolio. The Mumbai-based developer posted consolidated net profit of INR 95.57 crore during the fourth quarter compared to INR 85.75 crore in the corresponding period last year. Total income for the quarter rose to INR 322.03 crore from INR 198.13 crore a year earlier. During the full financial year 2025–26, the company recorded consolidated net profit of INR 237.08 crore and total income of INR 818.71 crore. The latest performance reflects continued momentum in the residential real estate market, particularly across premium urban housing segments where organised developers have continued to witness steady demand and improved financial performance.Read more

41 minutes ago

Aldar Properties and Abu Dhabi’s Department of Municipalities and Transport (DMT) have entered into a strategic public-private partnership to support the next phase of urban development in the emirate. The collaboration will focus on building integrated communities across Abu Dhabi with a wider range of housing options for residents. As part of the initiative, the partners will also work on activating an undeveloped island for the first time. The move comes as Abu Dhabi continues to expand residential infrastructure amid population growth, rising investor interest, and increasing demand for planned urban communities across the UAE capital.Read more

1 hour ago

Teams from the World Bank and Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the capital region. The delegation inspected road projects, smart city systems, labour welfare facilities and environmental safeguard measures being implemented by the Andhra Pradesh Capital Region Development Authority and associated agencies. Discussions also focused on sustainable urban development, employment opportunities for local youth and financing requirements for the next phase of Amaravati’s development. Meetings with banking institutions and advisory teams additionally examined long-term infrastructure funding strategies, PPP opportunities and project execution models for future expansion works.Read more

Mrs. Neha Mahendra

1 hour ago

India needs to roughly triple its data centre capacity just to match China — and the capital, estimated at USD 20–25 billion over the next decade, has to land somewhere. Behind every gigawatt of compute is land, power, and connectivity, making this deficit one of the most consequential infrastructure stories in Indian real estate today.Read more

2 hours ago

Warehousing and industrial real estate platform Welspun One has signed a Letter of Intent with state-owned Balmer Lawrie & Co to sublease nearly 65,000 sq ft of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone near Mumbai. The agreement marks the first partnership between Welspun One and a central public sector undertaking across its portfolio. The facility is expected to become operational by early 2027 and will support Balmer Lawrie’s expansion into SEZ warehousing and port-linked logistics operations while strengthening its existing logistics and freight handling network at JNPA.Read more

2 hours ago

UK-based Picton Property Income has agreed to a GBP 403 million (USD 546.4 million) all-share takeover by a consortium comprising LondonMetric Property and Schroder Real Estate Investment Trust (REIT). The deal values Picton at 78.2 pence per share, representing a premium of around 7% over its previous closing price. Under the transaction, Picton shareholders will receive shares in both acquiring companies, allowing them to continue participating in the combined property portfolios. The acquisition is expected to strengthen the scale and market presence of LondonMetric and Schroder REIT in the UK real estate investment sector.Read more

3 hours ago

The Central Bureau of Investigation (CBI) has filed a chargesheet against Logix City Developers, several company directors, unknown officials of financial institutions and others in connection with an alleged homebuyers’ fraud case involving around INR 400 crore. The case relates to alleged diversion and misuse of funds collected from homebuyers for a residential project in Noida. According to the investigation agency, the accused allegedly entered into a criminal conspiracy to siphon off project funds and failed to utilise the money for construction and project completion. The case was registered following directions from the Supreme Court in matters linked to delayed housing projects and complaints by affected homebuyers. The CBI has alleged offences related to criminal conspiracy, cheating and criminal misconduct under provisions of the Indian Penal Code and the Prevention of Corruption Act.Read more

3 hours ago

Nxt-Infra Trust has reported its unaudited financial results for the quarter and half year ended 30 September 2025 while separately announcing plans to acquire an additional road asset, Calicut Expressway Private Limited (CEPL), from Actis Roadways Holdings Limited. The infrastructure investment trust reported total income of INR 3,143.84 million for the half year ended September 2025 and approved a distribution of INR 3.3128 per unit to unitholders. The InvIT, sponsored by Actis Highway Infra Limited, currently holds five road infrastructure subsidiaries and one joint venture acquired in 2024. The proposed CEPL acquisition forms part of the trust’s ongoing expansion of its operational road asset portfolio. The acquisition remains subject to execution of definitive agreements, fulfilment of conditions precedent and regulatory approvals.Read more

4 hours ago

Authorities have accelerated plans to widen a key stretch of the Nashik-Pune highway as part of infrastructure preparations for the upcoming Simhastha Kumbh Mela. The INR 221 crore project will expand the busy 6.4-km corridor from six lanes to ten lanes and add service roads and footpaths to improve traffic flow and pedestrian movement. The stretch is considered one of Nashik’s most congested routes and is expected to witness a sharp rise in vehicle movement during the religious gathering. The project is also linked to broader road, mobility and urban infrastructure upgrades currently underway across Nashik.Read more

Hyderabad News Desk

4 hours ago

Millenia WB Yield Fund, launched by WhiteBoard Advisory & Management and Casagrand, has made its first investment of INR 41 crore in a villa project in Hyderabad with an estimated revenue potential of nearly INR 400 crore. The SEBI-approved Category II AIF plans to raise INR 500 crore to fund residential developments across southern India, mainly in Hyderabad, Bengaluru and Chennai. The platform is targeting multiple investments during 2026 as institutional funding activity continues to rise in the housing sector amid sustained residential demand and increasing need for structured project financing.Read more

5 hours ago

• PSP Swiss Property reported an EBITDA margin of 84.6% and return on equity of 4.6% for the first quarter of 2026.
• Rental income increased 0.7% year-on-year to CHF 87.5 million, while the vacancy rate stood at 3.9% at the end of the quarter.
• The company maintained strong liquidity with unused committed credit lines of CHF 915 million during the reporting period.Read more

5 hours ago

The Central Bureau of Investigation has filed its seventh chargesheet in the ongoing builder-banker nexus investigation against Sequel Buildcon Pvt Ltd and its directors linked to the ‘The Belvedere’ project in Noida.
The agency alleged that homebuyers were misled through false assurances while funds collected from buyers and financial institutions were allegedly diverted.
Buyers reportedly neither received possession of flats nor refunds despite long delays in the project.
The case is part of a larger Supreme Court-monitored investigation into stalled NCR housing projects and alleged irregularities involving developers and housing finance institutions.Read more

6 hours ago

KKR & Co. Inc. has announced the sale of a Danish residential portfolio to Pears Global Real Estate Denmark as part of its continued portfolio management strategy in Europe. The transaction includes 213 residential units located in Copenhagen, one of Denmark’s strongest housing markets. While the financial details of the deal were not disclosed, the sale reflects ongoing investor interest in stable residential assets across key European cities. KKR has remained active in the European real estate market through acquisitions, developments and strategic exits across residential and logistics segments.Read more

7 hours ago

The National Highways Authority of India (NHAI) has delayed the opening of the Bhande Plot-Dighori flyover in Nagpur despite the structure nearing completion and earlier assurances that the corridor would become operational by the end of April 2026. The 2.2-km flyover forms part of the INR 998 crore Indora-Dighori elevated corridor project aimed at easing congestion across eastern Nagpur. NHAI has cited pending safety audits as the reason for withholding traffic movement on the corridor, although load testing on key spans has already been completed. Residents and commuters have raised concerns over worsening traffic congestion on Umred Road and questioned why partially completed stretches cannot be opened to reduce pressure on surface roads. The broader project, considered one of Nagpur’s largest urban infrastructure developments, remains scheduled for completion by June 2026.Read more

8 hours ago

Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income for the quarter ended March 2026, supported by higher leasing activity and improved occupancy across its office portfolio. The REIT declared a distribution of INR 456.43 crore, or INR 5.50 per unit, for the March quarter, taking total FY26 distributions to INR 1,516.17 crore. The company recorded gross leasing of 4 million sq ft during the financial year, while occupancy rose five per cent year-on-year. During the year, the REIT also acquired the Ecoworld office asset in Bengaluru to expand its portfolio scale and diversification. Brookfield India REIT currently manages 11 Grade A office assets across major Indian cities with a total leasable portfolio of 37 million sq ft.Read more

9 hours ago

• The Maharashtra government is drafting a new Land Titling Act that proposes mandatory property cards for all land parcels across the state, including official valuation details.
• Revenue Minister Chandrashekhar Bawankule stated that the proposed legislation is expected to be finalised by July and introduced during the upcoming monsoon session of the state legislature.
• The initiative aims to create a uniform and legally recognised ownership documentation system covering both urban and rural properties across Maharashtra.
• The proposed framework will supplement existing land records such as property cards and 7/12 extracts while also supporting the rollout of vertical property cards for apartment ownership documentation.
• The reform is intended to improve title clarity, reduce disputes, simplify property transactions, and strengthen transparency in the state’s real estate ecosystem.Read more

10 hours ago

• Delhi has operationalised its second Multi-Lane Free Flow (MLFF) barrier-less toll plaza at Mundka-Bakkarwala on the Urban Extension Road-II corridor.
• Union Road Transport and Highways Minister Nitin Gadkari inaugurated the project earlier this week as part of the Centre’s wider push for automated toll collection.
• The system uses Automatic Number Plate Recognition cameras and FASTag technology to allow vehicles to pass without stopping at toll booths.
• NHAI plans to expand the MLFF system to 17 toll plazas across nine states during the current financial year, with over 108 additional plazas planned by March 2027.
• The government expects the technology to reduce congestion, lower fuel consumption, improve highway efficiency and cut toll collection costs significantly.Read more

11 hours ago

• Indian Hotels Company Ltd reported a 14.71% year-on-year increase in consolidated net profit for the quarter ended March 2026, supported by growth across hotel operations and allied businesses.
• The Tata Group hospitality company posted a net profit of INR 645.43 crore compared with INR 562.66 crore in the corresponding period last year.
• Revenue from operations rose to INR 2,765.29 crore during the quarter, while total expenses also increased on an annual basis.
• The board has recommended a dividend of INR 3.25 per share, subject to shareholder approval at the upcoming annual general meeting.
• The company said growth was driven by higher hotel RevPAR, catering business expansion, management fees and new business segments.Read more

12 hours ago

The Maharashtra Registration and Stamps Department has revived a large-scale digitisation exercise aimed at converting nearly 30 crore pages of historical land and registration records into searchable digital archives. The initiative will cover records dating from 1865 to 2001, including physical registers, microfilms and CDs stored across sub-registrar offices and the Government Photographic Registration Office in Pune. Officials stated that the project will integrate historical records with the state’s e-search system using AI-enabled document management infrastructure, scientific restoration techniques and secure cloud storage. The digitisation programme is expected to simplify title verification, improve transparency in property transactions and reduce dependence on physical document retrieval. The move forms part of Maharashtra’s broader push towards digital land governance and paperless property administration.Read more

13 hours ago

• Goa’s Town and Country Planning (TCP) department has initiated review of fresh land conversion proposals covering more than 25,000 sqm across Bardez, Pernem, Salcete, and Bicholim under Section 39A of the TCP Act.
• The proposed changes involve conversion of land currently classified as natural cover, orchard land, and no-development-slope zones into settlement areas.
• The largest proposal has been submitted by KGL Realtors Pvt Ltd for conversion of 18,733 sqm at Salvador do Mundo in Bardez from natural cover to settlement zone.
• Additional applications linked to IRAP Infra LLP seek conversion of nearly 9,750 sqm in Morjim, Pernem, including portions categorised under orchard and no-development-slope areas.
• The proposals, approved by the TCP board for public review, are open for objections and suggestions for 30 days before further regulatory consideration.Read more

14 hours ago

• Google is evaluating investment opportunities in India across artificial intelligence infrastructure, server manufacturing and drone production, according to Ashwini Vaishnaw.
• The development follows groundwork for a proposed USD 15 billion AI hub in Visakhapatnam planned over the 2026–2030 period.
• The project includes a 1 GW hyperscale AI data centre being developed in partnership with Adani ConneX and Airtel Nxtra.
• Google has also expanded electronics manufacturing operations in India through partnerships with Foxconn, Dixon Technologies, HP and Flex for smartphone and Chromebook production.Read more

15 hours ago

• The Bombay High Court has dismissed an application filed by 52 tenants seeking to add a new developer to an ongoing redevelopment dispute involving Kamla Bhuvan in Ghatkopar West, Mumbai.
• The court also imposed costs of INR 5 lakh on the tenants, observing that the application appeared to be an attempt to pressure landlords through litigation despite the absence of a contractual agreement with the proposed developer.
• The redevelopment matter relates to a dilapidated building on LBS Marg that was demolished in 2018 after being declared unsafe.
• The tenants had argued that prolonged delays in the project and concerns over permanent rehabilitation prompted their request to include the new developer, BS Lifespace, in the proceedings.
• The ruling comes amid broader concerns over delays in Mumbai’s cessed building redevelopment projects, transit housing shortages, and prolonged legal disputes affecting redevelopment execution across the city.Read more

14 May 2026

Karnataka RERA has clarified that in joint development real estate projects, both landowners and developers will be held equally responsible for delays and non-compliance. The authority stated that landowners cannot escape liability when they are part of development agreements and benefit from the project. The clarification came after complaints from homebuyers regarding delayed possession and missing promised amenities. The ruling strengthens accountability under the RERA framework and ensures that responsibility for project execution and delivery is shared, improving protection for homebuyers in such developments.Read more

14 May 2026

• The Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand at an estimated cost of INR 4,474 crore.
• The Sainthia–Pakur and Santragachi–Kharagpur fourth-line projects will add around 192 km to the rail network.
• The projects, targeted for completion by 2030-31, aim to improve rail capacity and reduce congestion.
• The corridors will enhance connectivity across five districts and benefit around 1.47 crore people.
• The expansion will support freight movement of coal, cement, steel, foodgrains and petroleum products.Read more

14 May 2026

• NTPC is preparing to submit its first feasibility study for a standalone nuclear power project to the Department of Atomic Energy.
• The company is targeting at least 2 GW of nuclear power capacity by 2032 through independently developed projects.
• NTPC is conducting feasibility studies in multiple states and has received approval for a proposed study in Bihar’s Banka district.
• The company plans to develop around 30 GW of nuclear capacity across 14 states in line with India’s 100 GW nuclear power target by 2047.Read more

Mumbai News Desk

14 May 2026

The Mumbai Metropolitan Region Development Authority has progressed the consultant selection process for Metro Line 14, with technical bids from three firms admitted for evaluation under a tender for preparation and revision of the project’s detailed planning documents. According to tender records dated 13 May, RITES Ltd, SMEC International Pty Ltd and Tata Consulting Engineers Ltd have qualified in the technical stage of the bidding process. The tender covers appointment of expert consultants for peer review of the techno-economic feasibility study, revision of the project report, preparation of DPR estimates, surveys, bid documents and bid process management for Metro Line 14. The project forms part of MMRDA’s broader metro network expansion plans across the Mumbai Metropolitan Region.Read more

14 May 2026

• Puravankara Limited said its subsidiary, Starworth Infrastructure and Construction Limited, has received a Letter of Intent for a Westin hotel project.
• The contract value of the project stands at INR 578.1 million.
• The company did not disclose the location, execution timeline, or client details of the project.
• The order adds to Starworth Infrastructure’s growing construction and infrastructure portfolio.
• The development comes amid rising activity in India’s hospitality and premium hotel development sector.Read more

14 May 2026

• ASOS will sell its Lichfield fulfilment centre to Marks & Spencer for GBP 66 million, or nearly USD 90 million.
• The deal is expected to generate a one-time pre-tax profit of around GBP 85 million for ASOS.
• ASOS said the transaction will also help reduce annual cash operating costs by nearly GBP 6 million.
• The company is restructuring operations to cut excess capacity and simplify its business amid weak consumer spending and inflationary pressure.
• ASOS expects the transaction to be completed in the second half of fiscal year 2026, while its Atlanta facility will remain its only non-core asset.Read more

14 May 2026

The Supreme Court has set aside a Delhi High Court judgment that had directed the Centre to vacate residential premises at Sujan Singh Park in New Delhi occupied by the Directorate General of Health Services. The dispute relates to government occupation of apartments owned by Sujan Singh Park Property Owners Association and leased to the Union government since the 1970s for use as hostels and residential accommodation for doctors and medical staff. The apex court ruled that the High Court had exceeded its jurisdiction while directing eviction proceedings in a writ petition concerning payment disputes and lease terms. The matter has now been remanded for reconsideration of contractual and tenancy issues through appropriate legal proceedings. The judgment has implications for long-standing government occupancy arrangements in private residential properties in Delhi, particularly where lease agreements and public authority usage overlap with private ownership rights.Read more

14 May 2026

• Brigade Hotel Ventures plans to invest around INR 1,000 crore in Karnataka over the next five years towards new hospitality projects and modernisation of existing hotel assets.
• The company has also outlined a broader expansion strategy targeting addition of nearly 1,700 hotel keys with a planned capital outlay of approximately INR 3,600 crore under its “Vision 2031” roadmap.
• Separately, the company and Marriott International have launched the rebranded Courtyard by Marriott Kochi Infopark, formerly operating as Four Points by Sheraton Kochi Infopark.
• The 218-room hotel in Kakkanad, Kochi, is positioned to cater to business, MICE, and leisure travellers and includes over 8,000 sq ft of meeting and event space.
• The investment push reflects growing hospitality demand across Bengaluru, Mysuru, Kochi, and other South Indian urban and tourism markets amid expanding business travel and infrastructure-led regional growth.Read more

14 May 2026

• Reserve Bank of India has relaxed norms governing the inclusion of quarterly profits in banks’ capital adequacy calculations by removing an additional qualifying condition linked to non-performing assets.
• The revised framework allows banks to include current financial year profits in Common Equity Tier 1 (CET1) capital calculations on a quarterly basis, subject to prescribed conditions and periodic financial review requirements.
• The amended directions apply to commercial banks, small finance banks and payments banks across the Indian banking sector.
• The move is expected to provide lenders with greater flexibility in capital management and capital-to-risk weighted assets ratio calculations. The central bank had earlier issued draft amendments for stakeholder feedback before finalising the revised prudential norms earlier this week.Read more

14 May 2026

Dubai Holding has become the largest shareholder in Emaar Properties after acquiring a 22.27 per cent stake from Dubai’s sovereign wealth fund in an off-market transaction valued at around USD 6.5 billion based on prevailing market prices. Following the transaction, Dubai Holding’s shareholding in Emaar has increased to 29.73 per cent. The deal reshuffles ownership within Dubai’s state-linked investment network while keeping overall government-backed ownership unchanged. Emaar, one of the Middle East’s largest listed developers, has a diversified portfolio spanning residential, commercial, retail and hospitality assets across multiple international markets. The transaction comes amid weakness in Dubai equity markets, with Emaar shares declining around 15 per cent since the beginning of the year.Read more

14 May 2026

Nexus Select Trust reported a 12 per cent increase in net operating income (NOI) during the quarter ended March 2026 and announced a distribution of INR 346.3 crore to unitholders. The retail-focused real estate investment trust (REIT), which owns 19 shopping malls across 15 Indian cities, recorded quarterly NOI of INR 498.6 crore. During FY26, the REIT reported annual NOI of INR 1,929.6 crore and declared total distributions of INR 1,375.8 crore, equivalent to INR 9.081 per unit. The company is pursuing an expansion strategy aimed at doubling its portfolio by 2030 and recently announced the acquisition of Diamond Plaza mall in Kolkata. Nexus Select Trust currently has a retail portfolio spanning 10.7 million sq ft along with hotel and office assets across multiple Indian markets.Read more

14 May 2026

• Nara Lokesh said Andhra Pradesh plans to develop an integrated township in Amaravati inspired by Singapore’s Punggol district as part of the proposed Amaravati Economic Region.
• During meetings in Singapore, the state government sought support for township development, digital governance initiatives and trade connectivity projects under an existing bilateral MoU.
• The government is also planning to position Andhra Pradesh as a global MICE destination through convention infrastructure projects in Visakhapatnam, Amaravati and Tirupati.
• Andhra Pradesh has invited proposals for development of the Amaravati Economic Region and is seeking World Bank support for implementation of the township project.
• The discussions additionally covered blockchain-enabled trade corridors, port-led industrialisation and export connectivity for sectors including agriculture, seafood, pharmaceuticals and minerals.Read more

14 May 2026

• Reserve Bank of India imposed a monetary penalty of INR 31.80 lakh on YES Bank for non-compliance with certain Know Your Customer (KYC) provisions linked to Central KYC Records Registry identifiers.
• Separately, the central bank also levied a penalty of INR 1.8 lakh on Hinduja Housing Finance for non-compliance with governance-related regulatory directions.
• The actions follow supervisory inspections conducted by the RBI with reference to the financial position of the institutions.
• The regulator stated that the penalties were based on deficiencies in regulatory compliance and were not intended to question the validity of transactions or agreements entered into by the entities.Read more

14 May 2026

Equinix plans to invest more than USD 190 million to develop a new data centre in Kuala Lumpur, marking its fourth facility in Malaysia. The project will be located close to the company’s existing data centre campus in the Malaysian capital and will accommodate more than 2,200 cabinets. A significant portion of the facility’s capacity will support liquid cooling systems designed for artificial intelligence and high-performance computing workloads. The expansion forms part of Equinix’s long-term growth strategy in Malaysia, where the company has secured adjacent land parcels for future development. The announcement comes as Malaysia’s data centre sector faces increasing scrutiny over electricity and water consumption, alongside geopolitical concerns linked to the use of Southeast Asian markets for access to restricted AI semiconductor technology.Read more

14 May 2026

• BMC has initiated the development of an integrated digital platform to monitor construction and demolition waste movement across Mumbai.
• The proposed system will combine AutoDCR approvals, GPS-enabled vehicle tracking, geo-fencing and enforcement tools to curb illegal debris dumping.
• The initiative comes amid rising construction waste generation linked to redevelopment projects, metro corridors and road concretisation works across the city.
• The civic body has proposed penalties of up to INR 25,000 per vehicle for violations, while integrating recycling facilities, transporters and ward-level monitoring systems into a unified platform.Read more

14 May 2026

• Devendra Fadnavis said Maharashtra aims to become a USD 1 trillion economy by 2030 and a leading global regional economy by 2047.
• The Chief Minister stated that Maharashtra currently has a USD 660 billion economy and contributes nearly 15 per cent to India’s economy.
• He highlighted large-scale infrastructure investments including the Mumbai Trans Harbour Link, Samruddhi Mahamarg, Navi Mumbai International Airport and Vadhavan Port.
• Fadnavis said Maharashtra is positioning itself as a hub for AI, semiconductors, EVs, advanced manufacturing, clean energy and data centres.Read more

14 May 2026

• Toyota Kirloskar Motor plans to establish a third manufacturing plant in India at Maharashtra’s Bidkin Industrial Area.
• The facility will have an annual production capacity of 100,000 vehicles and is expected to begin operations in the first half of 2029.
• The proposed unit will manufacture a new SUV model and employ around 2,800 people.
• The expansion comes as Toyota increases production capacity amid rising SUV demand in India and nearby export markets.Read more

14 May 2026

• Central Bureau of Investigation conducted searches across 17 premises in Mumbai as part of investigations involving Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited.
• The searches relate to alleged diversion of bank funds and complaints filed by public sector banks and Life Insurance Corporation of India.
• According to the agency, the alleged financial exposure across the cases under investigation stands at around INR 27,337 crore.
• The searches covered residential premises of company directors and offices of intermediary entities allegedly linked to fund diversion in cases associated with the Reliance ADA Group led by Anil Ambani.Read more

14 May 2026

• Workspace rejected Saba Capital’s proposal to wind down the business over 12 months, stating that the plan was not achievable and would not maximise shareholder value.
• Saba Capital, which holds around 18.21% stake in the company, has also proposed removing five non-executive directors and appointing four new directors ahead of the July 23 AGM.
• The office-space provider continues to face pressure from hybrid working trends, lower rental growth and rising costs, with the company earlier warning of a sharp decline in fiscal 2027 profit.Read more

14 May 2026

• Mumbai’s Slum Rehabilitation Authority (SRA) has cancelled 181 out of 228 slum redevelopment joint venture projects due to slow progress and feasibility concerns.
• Several government agencies reportedly failed to complete basic groundwork such as surveys, beneficiary verification and redevelopment planning.
• The affected projects cover nearly 2.2 lakh slum households across Mumbai and nearby areas.
• A few projects under agencies like BMC, MHADA and MMRDA will continue, while others may now shift to cluster redevelopment models.
• The move comes amid growing concerns over stalled SRA projects, delayed rehabilitation and long-pending redevelopment across the city.Read more

14 May 2026

Australia is expected to announce one of its most significant housing and property tax reform packages in decades as part of the federal budget scheduled for release later on Tuesday. The centre-left Labor government is reportedly considering changes to capital gains tax concessions and negative gearing rules amid growing concerns around housing affordability and intergenerational inequality. Treasury projections indicate the budget deficit will narrow more than previously forecast due to stronger commodity-linked revenues, with the fiscal position improving by AUD 44.9 billion compared to earlier estimates. The budget is also expected to include additional defence spending, fuel reserve investments and savings measures linked to welfare reform. The proposals come as Australia faces elevated inflation, rising interest rates and growing pressure on household affordability.Read more

14 May 2026

• Haryana has introduced a digital building plan approval system for residential properties under municipal areas to reduce delays and improve transparency in approvals.
• The online platform allows citizens, architects and developers to submit and track applications without visiting government offices physically.
• The rollout comes as the state continues broader urban governance reforms, including online civic services, digital approvals and simplified construction compliance norms.
• Along with the launch, the state government also announced welfare transfers of over INR 2,115 crore and expanded digital services for farmers and residents.Read more

14 May 2026

• Anant Raj Ltd reported a 25% increase in consolidated net profit for the quarter ended March 2026, supported by higher income growth.
• The company posted a net profit of INR 148.71 crore during the quarter, compared with INR 118.79 crore in the corresponding period of the previous financial year.
• Total income for the January–March quarter rose to INR 675.41 crore from INR 550.90 crore a year earlier.
• For the full 2025–26 financial year, the developer recorded profit growth to INR 557.02 crore, while annual income crossed INR 2,579 crore.
• The Delhi-NCR-focused developer continues to expand its operational and financial performance amid sustained activity in the residential property market.Read more

14 May 2026

• UP-RERA has started an online complaint facility for homebuyers facing excessive transfer charges during property transfers.
• Complaints can now be filed digitally through Form-M on the authority’s e-court portal.
• The move follows the 10th amendment to UP-RERA General Regulations, 2019, which fixed limits on transfer processing fees.
• Developers cannot charge more than INR 1,000 for transfers among family members or legal heirs and INR 25,000 for non-family transfers.
• The authority introduced the mechanism after receiving several complaints about builders demanding very high transfer charges in housing projects.Read more

Bangalore News Desk

14 May 2026

Bengaluru Integrated Rail Infrastructure Development Enterprise Limited has awarded a INR 1,514 crore contract to the Integral Coach Factory (ICF), Chennai, for the supply of 153 air-conditioned broad-gauge metro-style coaches for Bengaluru’s suburban rail project. The coaches will serve Corridors 2 and 4 of the Bengaluru Suburban Rail Project and are expected to be delivered within 18 months. Officials stated that the order aligns with the targeted operationalisation of the Chikkabanavara–Yeshwanthpur section under Corridor 2. The contract includes design, manufacturing, testing, commissioning and regulatory approvals for the rolling stock. The development marks a significant execution milestone for the long-delayed suburban rail network aimed at easing traffic congestion and improving regional connectivity across Bengaluru’s expanding urban corridor.Read more

Mumbai News Desk

14 May 2026

• Mahanagar Gas Limited (MGL) has issued advisories warning residents against fake piped gas registration messages, payment links and fraudulent dealership websites.
• The alert follows incidents in Mumbai where fraudsters allegedly targeted housing societies and residents using fake customer verification and gas connection schemes.
• MGL has clarified that all official applications, payments and dealership-related communications are processed only through authorised channels and its official website.
• The company has advised consumers not to share OTPs, banking details or make payments through unauthorised links, while urging citizens to report suspicious activity immediately.Read more

14 May 2026

IIT Madras Global is planning to launch centres in four countries by the end of this year as part of its broader strategy to strengthen international research, innovation and startup collaborations. The expansion is aimed at helping Indian deep-tech startups and researchers access global markets, industry partnerships and investment opportunities. The proposed centres are expected to come up in regions including the US, Germany, Dubai and Malaysia. IIT Madras is also focusing on technology commercialisation, applied research and international academic programmes as it looks to build a stronger global innovation network.Read more

14 May 2026

A sessions court in Ahmedabad has denied bail to Dashrath Patel, owner of Popular Builders, in a land fraud case involving alleged forged succession documents and disputed ownership records related to land in Godhavi village. Investigators alleged that fake legal heir documents were created to secure illegal mutation entries before the land transaction was executed decades ago. The court considered the seriousness of the allegations, Patel’s previous antecedents, ongoing investigation and concerns over witness influence while rejecting the plea. The case is part of a wider investigation into multiple disputed land transactions and alleged document forgery matters in Gujarat.Read more