13 Apr 2026

Vietnam-based conglomerate Vingroup has entered into a memorandum of understanding with the Government of Maharashtra to explore investments worth USD 6.5 billion across multiple sectors in the state. The proposed investments include large-scale urban development projects near Mumbai, electric mobility initiatives and renewable energy infrastructure. The company is evaluating integrated townships spanning around 1,000 hectares with an estimated outlay of USD 5 billion, alongside plans to deploy 60,000 electric taxis. The agreement aligns with Vingroup's broader India expansion strategy, following its presence in Tamil Nadu and planned investments in Telangana, and is expected to generate significant employment over the next few years.Read more

13 Apr 2026

The Maharashtra government has approved the acquisition of 28.84 acres of land owned by BSNL and MTNL in Borivali, Mumbai, for developing affordable housing under the Pradhan Mantri Awas Yojana. The land, located at Gorai and Shimpoli, will be acquired at ready reckoner rates for INR 729 crore. The project is expected to deliver over 1,000 housing units. The decision was taken at a meeting of the Maharashtra Housing Development Authority chaired by Chief Minister Devendra Fadnavis. The move forms part of the state's efforts to utilise public land parcels for affordable housing development in high-density urban areas.Read more

13 Apr 2026

Equity benchmark indices Sensex and Nifty fell sharply in early trade, tracking global market weakness amid rising geopolitical tensions and a surge in crude oil prices. The decline follows stalled US-Iran negotiations and concerns over disruptions in the Strait of Hormuz, pushing Brent crude above USD 100 per barrel. All Sensex stocks opened in the red, with key sectors facing selling pressure. Asian markets also traded lower, reflecting cautious investor sentiment. Analysts highlight that higher oil prices could impact inflation and corporate earnings. Despite this, foreign institutional investors remained net buyers in the previous session.Read more

13 Apr 2026

The Asian Development Bank has suggested that India can strengthen its social protection system by adopting an integrated framework that brings together pensions, health insurance and disability coverage. The approach aims to reduce duplication, improve beneficiary targeting and make better use of public funds. It also recommends expanding direct benefit transfers, shifting subsidies towards investment-led support and introducing impact assessments. These measures can help improve fiscal efficiency while ensuring support reaches the right groups and freeing resources for infrastructure and long-term growth.Read more

13 Apr 2026

Unite Group is planning to accelerate the sale of lower-yielding student housing assets as it sharpens focus on higher-return properties near top UK universities. The company has completed or initiated disposals worth GBP 130 million (USD 174.42 million) and is preparing an additional GBP 500 million pipeline for sale over the next 6 to 12 months. Despite softer international student demand due to visa changes and rising education costs, Unite expects occupancy and rental growth to remain within its projected range, supported by strong pre-bookings.Read more

Bangalore News Desk

13 Apr 2026

AstraZeneca India has planned to sell its 64-acre manufacturing facility located in North Bengaluru for around INR 3,400 crore. The decision is part of a broader global restructuring exercise by its UK-based parent company, which is reviewing its manufacturing and supply network across markets. The asset sale reflects a continued focus on streamlining operations and monetising non-core infrastructure. The Bengaluru site, long associated with the company's production activities, is now being evaluated for divestment as AstraZeneca strengthens its focus on research, innovation, and digital healthcare capabilities in India and other key markets.Read more

13 Apr 2026

Private equity investments in India's real estate sector have strengthened in FY26, reaching USD 4.3 billion, reflecting improved investor sentiment after a comparatively slow phase in earlier years. According to a recent industry report, the growth has been driven by higher deal activity, steady participation from both domestic and foreign institutional investors, and a continued preference for equity-led funding. Around 60 deals were recorded during the period, with investments spread across office, retail, hospitality, mixed-use developments, and emerging asset classes such as data centres.Read more

Noida News Desk

13 Apr 2026

New Noida has aligned its land pricing with the Yamuna Expressway Industrial Development Authority (YEIDA), fixing the rate at INR 4,300 per square metre. The move is linked to ongoing infrastructure expansion, planned industrial growth, and development activity around the Noida International Airport corridor. This alignment is expected to create uniform land valuation across adjoining development zones and streamline acquisition processes. It is also aimed at reducing pricing differences between overlapping authority areas and supporting faster execution of upcoming residential, industrial, and connectivity projects in the region.Read more

12 Apr 2026

NAREDCO Maharashtra's leadership transition marked a renewed focus on rental housing reforms, digital adoption and policy-driven growth for the real estate sector. Speaking at the Change of Guard ceremony held in Mumbai this week, Dr. Niranjan Hiranandani highlighted the need for tax incentives and regulatory support to strengthen rental housing as a key pillar of affordable urban living. Kamlesh Thakur, who assumed charge as the new President, outlined priorities including ease of doing business, digitisation of approvals and stronger government collaboration. The event also saw the launch of the NAREDCO ONE digital platform.Read more

12 Apr 2026

Dilip Buildcon Limited, through its joint venture with Ranjit Buildcon, has secured the lowest bidder position for an INR 268 crore water infrastructure project in Gujarat. The contract involves the construction of the Ged barrage across the Sabarmati river along with protection works and allied activities. Executed under the EPC model, the project also includes a 10-year operation and maintenance period. With a construction timeline of 24 months, the order strengthens the company's water infrastructure portfolio and adds stability to its existing order book.Read more