26 Feb 2026

Jawaharlal Nehru Port Authority (JNPA) has revised the land acquisition cost for the Vadhvan port connectivity project in Maharashtra to about INR 2,300 crore, up from the earlier estimate of around INR 800 crore. The increase is due to higher guideline rates and recent land transactions in Palghar district. A total of 606 hectares across 24 villages is being acquired for road and rail links. Compensation is being paid at double the market value, along with statutory benefits under the land acquisition law.Read more

26 Feb 2026

The Jharkhand government has presented a budget of INR 1.58 lakh crore for the 2026-27 financial year in the state assembly. This marks an increase from the INR 1.45 lakh crore allocation in 2025-26 under the JMM-led government. Finance Minister Radhakrishna Kishore placed the budget before the House and said it has been designed to address the needs of key sections, including the poor, farmers, tribal communities and women. The higher outlay reflects a continued focus on welfare and development spending in the state.Read more

26 Feb 2026

Ascendas Firstspace has acquired 9 lakh sq ft of warehousing and industrial space at Bavla, Ahmedabad, from Crystal Group for approximately INR 275 crore, marking its entry into the Gujarat market. The transaction was facilitated by AARE Consulting and structured as a forward purchase, with development and asset transfer to take place in phases over the next 18 months in line with construction milestones. The acquisition strengthens Ascendas Firstspace's western India portfolio and aligns with its strategy of expanding across infrastructure-backed industrial corridors witnessing rising demand from manufacturing, e-commerce and third-party logistics occupiers. The asset is expected to add institutional-grade supply to a market that has seen growing occupier interest amid Gujarat's expanding industrial and logistics ecosystem.Read more

26 Feb 2026

The Union government has rolled out the National Monetisation Pipeline (NMP) 2.0 with a target to mobilise INR 10 lakh crore over five years. The revised pipeline estimates a total monetisation potential of INR 16.72 lakh crore between FY26 and FY30, including INR 5.8 lakh crore from private investment. Highways, power, ports and railways are expected to contribute the largest share. The programme builds on NMP 1.0, which achieved 89 per cent of its INR 6 lakh crore target. The initiative focuses on recycling public assets to fund fresh infrastructure development while limiting budgetary pressure.Read more

26 Feb 2026

Bharti Airtel plans to invest INR 20,000 crore over the coming years into its NBFC arm, Airtel Money Limited, aiming to build a large-scale digital lending platform and broaden formal credit access in India. The telecom company will contribute 70% of this investment, with Bharti Enterprises providing the rest. Airtel Money received its NBFC licence from the Reserve Bank of India earlier this month. The NBFC will integrate its operations with the existing lending service provider platform, which has disbursed over INR 9,000 crore in the past two years.Read more

26 Feb 2026

The Andhra Pradesh government has approved a 200 MW solar park by Yashaswa Power LLP, part of Clean Max Enviro Energy Solutions Pvt Ltd, with an investment of INR 1,200 crore. The facility, spanning 1,200 acres in Sri Sathya Sai district, will produce about 445 million units of clean electricity annually and generate nearly 690 jobs. CleanMax, which operates 2.5 GW of renewable assets, has launched a Rs 3,100-crore IPO, attracting anchor investors like Temasek and SBI Life. The project supports the state's clean energy goals and strengthens private investment in sustainable power.Read more

26 Feb 2026

The Asian Development Bank has partnered with Aavas Financiers to provide a senior secured debt financing of USD 108 million (INR 983 crore), aiming to expand affordable housing and MSME loans in underserved Indian states. The deal includes USD 8 million through CANPA for green-certified and self-built homes and technical assistance of USD 1,50,000 to strengthen institutional capacity. At least 70% of loans will target lower-income borrowers, with half benefiting women property owners. The remaining 30% will support MSMEs, fostering entrepreneurship and jobs. CANPA builds on previous Canadian climate funds promoting private sector climate investments.Read more

Bangalore News Desk

26 Feb 2026

The Rail Land Development Authority (RLDA) of India has issued a request for proposal to lease a 34,517 sqm tract of railway land within the Yeshwantpur railway colony in Bengaluru for 99 years to enable a private residential development. Under the proposed arrangement, the selected developer will both construct new apartments for sale and undertake the redevelopment of existing staff quarters 316 units currently used by South Western Railway personnel which will remain reserved for railway staff. The project, with an estimated cost of INR 119 crore, will generate lease revenue shared between RLDA and the developer. E-bids must be submitted by 18 March. The initiative, presented as revenue generation, has attracted debate on optimal use of railway land against broader infrastructure needs.Read more

Hyderabad News Desk

26 Feb 2026

The Telangana Housing Board generated INR 34.27 crore in revenue from a public auction of 14 land parcels held in Hyderabad at the KPHB Housing Board Community Hall this week. The auction, notified on 9 February, attracted about 50 bidders and featured plots across prominent localities including Gachibowli, Bowrampet, Balaji Nagar (Kukatpally) and Chintal. Highest rates were seen in Gachibowli, where a 263 square yard plot fetched INR 1.76 lakh per square yard, well above its upset price, while a 266 square yard parcel in Balaji Nagar achieved INR 1.64 lakh per square yard. Other plots in Chintal sold at INR 84,000 and INR 74,000 per square yard, and a large Bowrampet parcel went for INR 61,000 per square yard. A residential flat in Nizampet also changed hands above its base price. The strong bidding underscores sustained demand for well-located Housing Board land in Hyderabad's real estate market.Read more

25 Feb 2026

Unity Small Finance Bank is preparing to enter the housing finance sector in the latter half of the upcoming fiscal year as part of a broader strategic repositioning following its unsuccessful bid to acquire Aviom India Housing Finance under the National Company Law Tribunal (NCLT)-monitored resolution process. The bank's executive chairman said that Unity SFB would prioritise strategic options rather than pursue acquisitions at any cost, signalling a cautious approach to expansion. Internal preparations are ongoing, with a focus on affordable housing finance and micro-loan products such as micro home loans and micro-LAP, rather than prime city lending. Unity SFB also aims to leverage its strong capital adequacy and explore organic growth opportunities, while planning for a potential public listing in approximately two to two-and-a-half years. Partnerships in digital products and diversified lending portfolios form part of the bank's evolving strategy.Read more