Mumbai News Desk

18 Feb 2026

The Mumbai Metropolitan Region Development Authority has approved an outlay of INR 48,072.5 crore for 2026-27, with nearly 87 per cent of the budget committed to infrastructure development across the Mumbai Metropolitan Region. The plan reflects a clear shift towards transport-led growth, metro expansion and decentralised urban development. A key highlight is the allocation of INR 4,000 crore for the Mumbai 3.0 programme aimed at developing new growth centres. The budget also records the authority's first surplus in nearly ten years, indicating improved financial management.Read more

Gurugram News Desk

18 Feb 2026

WeWork India has expanded its presence in the National Capital Region with a new lease of approximately 90,000 sq ft of office space in Gurugram, signalling continued demand for flexible workspace solutions from corporate occupiers. The company has taken contiguous floors in a Grade-A commercial building in a key Gurugram office node, reinforcing its strategy to cater to evolving workspace preferences among start-ups, small and medium enterprises and large enterprises seeking flexible lease terms. The new space is expected to be operational in the coming months and will feature modern workplace amenities aligned with hybrid working trends. Market participants said the expansion reflects resilience in the flexible office segment, which continues to attract tenants amid broader office market dynamics in the NCR.Read more

18 Feb 2026

The Gujarat government has appointed veteran banker Uday Kotak as the chairman of GIFT City, replacing Hasmukh Adhia, who held the position since mid-2023. The move is aimed at strengthening leadership at India's only operational International Financial Services Centre. Kotak brings decades of experience in banking and financial markets and is the founder of Kotak Mahindra Bank. His appointment comes as the central government has extended tax incentives for GIFT City entities to improve global competitiveness.Read more

18 Feb 2026

Prime Minister Narendra Modi said the Union Budget and recent global trade agreements have created a strong foundation for India's long-term development goals. He highlighted improved investor confidence, expanded free trade agreements with 38 countries, and a shift towards productive capital spending. Emphasising structural reforms, innovation, and simpler governance, he urged the private sector to invest more actively in research and technology. Modi also pointed to defence preparedness and digital infrastructure as key priorities, ahead of the Global AI Impact Summit in New Delhi.Read more

18 Feb 2026

The Chandigarh Municipal Corporation has initiated an e-auction process to lease more than 100 commercial properties across key locations in the city as part of efforts to unlock revenue, optimise utilisation of public assets and promote business activity. The properties being offered include booths in the Sector 17 commercial precinct, kiosks in the Mauli Jagran market, shops in underpass areas between Sectors 17 and 22, nurseries at multiple sites, and the Smart City office building in Sector 17, with reserve rents set according to location and built-in amenities. Prices vary widely from lower-value booths to high-rent potential for the Smart City office block and several booths have had base rents adjusted after limited bidder interest. The e-auction drive is expected to conclude over the next week to 10 days as remaining sites are listed and bids close.Read more

17 Feb 2026

Realty firm Ashiana Housing Ltd reported a sharp rise in profitability during the third quarter of FY2025-26, with net profit increasing fivefold to INR 56.65 crore on the back of significantly higher income. The company had posted a net profit of INR 10.89 crore in the corresponding quarter last year. Total income during the October-December period rose to INR 373.35 crore from INR 139.93 crore a year earlier, reflecting strong revenue recognition during the quarter. For the first nine months of the fiscal, the company posted a net profit of INR 96.91 crore, compared to a net loss in the year-ago period. However, sales bookings declined both in the third quarter and in the April-December period, indicating moderation in fresh demand despite improved financial performance.Read more

17 Feb 2026

India's real estate market is projected to more than triple to INR 88 lakh crore by 2030 from about INR 26.4 lakh crore in 2025, according to a joint report by KPMG in India and realtors body Naredco. The report, titled The role of real estate in ViksitBharat@2047, highlights the sector's critical role in supporting India's ambition of becoming a developed economy by 2047. It estimates that the market could expand further to INR 440.5-616.7 lakh crore by 2047 as urbanisation accelerates and economic activity deepens. The study also projects employment in the sector to rise to nearly 100 million by 2030, up from around 70 million currently, underlining real estate's growing contribution to economic growth and job creation.Read more

17 Feb 2026

Vijay Raja Group has secured INR 80 crore in institutional funding from Sundaram Finance to support ongoing residential projects and upcoming developments. The capital will be used to accelerate construction, strengthen the balance sheet, and ensure timely delivery across active sites. With a legacy of over 75 years and a large in-house execution team, the Group has delivered numerous residential projects across South India. The funding also supports a future pipeline of 600,000 square feet planned for launch in the first half of 2026.Read more

17 Feb 2026

The Airports Authority of India (AAI) has announced a major investment of INR 3,490 crore for upgrading air navigation systems at airports nationwide between 2026 and 2028. Around INR 1,532 crore is allocated for automating air traffic management systems, while the remaining funds will enhance other communication, navigation, and surveillance equipment. The move follows past operational disruptions and includes steps to strengthen cybersecurity, with IIT Madras engaged as a consultant. AAI has also been recruiting technical staff, adding 2,341 personnel over the past three years to maintain safety and efficiency.Read more

17 Feb 2026

Adani Airport Holdings Ltd (AAHL) is planning to raise up to INR 1,500 crore by issuing three-year bonds at an 8.45% interest rate, with quarterly payouts. The proposed bond sale aims to consolidate debt across six of AAHL's airports at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, and includes a restriction on additional borrowing, according to people familiar with the matter. India Ratings has assigned an AA- rating to the issue. AAHL has previously used non-convertible debentures for capital expenditure and continues to access the domestic debt market as activity picks up.Read more