28 Jan 2026

Adani Group and Brazilian aerospace giant Embraer have announced a strategic collaboration to establish a regional aircraft manufacturing facility in India, aiming to strengthen the country's indigenous aviation capabilities. The partnership will also include a Final Assembly Line for Embraer's regional jets, focusing on improving air connectivity to Tier 2 and 3 cities. Officials highlighted the project's potential for technology transfer, skill development, and a robust domestic supply chain. With India expected to need over 500 regional aircraft in the next two decades, this collaboration marks a key step toward self-reliance in aviation manufacturing.Read more

Mumbai News Desk

28 Jan 2026

Maharashtra Deputy Chief Minister and senior Nationalist Congress Party leader Ajit Pawar died after the aircraft he was travelling in crashed while landing near Baramati. The Learjet 45 aircraft had taken off from Mumbai and veered off the runway during landing, following which it caught fire. Pawar, two pilots and members of his security team were on board, and officials confirmed there were no survivors. Pawar was travelling for political engagements linked to local body elections. Aviation authorities have launched an investigation to determine the cause of the crash.Read more

25 Jan 2026

India's residential property market recorded a mixed performance last year, with strong demand in southern cities balancing a slowdown elsewhere, according to PropTiger. While overall housing sales across eight major cities fell 12 per cent to about 3.86 lakh units, Bengaluru, Hyderabad and Chennai together saw sales rise 15.5 per cent, crossing 1.33 lakh homes. Chennai led growth with a sharp jump in sales, followed by steady gains in Bengaluru and Hyderabad. Kolkata also reported an increase, while markets such as Mumbai region, Delhi-NCR, Pune and Ahmedabad saw declines. New housing launches dropped to their lowest level since 2021, reflecting a more cautious, supply-disciplined approach by developers aimed at maintaining price stability and avoiding excess inventory.Read more

Mumbai News Desk

24 Jan 2026

In 2025, the Mumbai Metropolitan Region (MMR) emerged as the most active land acquisition market in India, with 32 deals covering over 500 acres, accounting for more than 13% of nationwide land transactions. Across India, 126 deals aggregated more than 3,772 acres, a notable increase from 2024's 2,514 acres, despite slightly fewer deals. Residential projects led acquisitions, followed by mixed-use, industrial, logistics, commercial, and retail developments. Bengaluru, Pune, NCR, Hyderabad, and Chennai also recorded significant land deals, while tier II and tier III cities, led by Ahmedabad, contributed over 2,193 acres to the total.Read more

Gurugram News Desk

23 Jan 2026

Eternal Ltd, the parent company of Zomato, has agreed a lease for a substantial commercial office space of 2,78,249 sq ft in Intellion Park, Sector 59, Gurugram, with a monthly rent payment of roughly INR 2.33 crore, according to lease deed documents. The transaction covers seven floors the ground level and floors four through nine under a lease running just under five years, which began in October 2025. The agreement includes a three-year lock-in clause, a 15% rent escalation after three years, and a rent-free fit-out period of six months and 14 days to facilitate tenant customisations before rent payments commence. A security deposit equivalent to six months rent has been paid, and the premises will provide 371 dedicated car parking spaces, calculated on the basis of one parking slot per 750 sq ft. The lease reflects strong occupier demand in Gurugram's commercial office market.Read more

23 Jan 2026

Mumbai-based Labdhi Lifestyle Ltd has announced plans to invest around INR 700 crore to develop a premium commercial office project at Bandra Kurla Complex (BKC), one of India's most sought-after business districts. The project, branded BKC Edge, will offer approximately 2.25 lakh sq ft of carpet area and is expected to generate revenue of more than INR 1,000 crore upon sale. The development comes amid acute supply constraints for Grade-A office space in BKC, a market that continues to attract institutional occupiers and high-value enterprises. With over 300 business suites planned, the project reflects growing developer confidence in Mumbai's commercial real estate segment, supported by steady leasing demand and the sustained appeal of well-located, high-quality office assets.Read more

Mumbai News Desk

23 Jan 2026

L&T Realty Developers Limited has acquired a 1.34-acre land parcel in Mumbai's Elphinstone Road / Lower Parel micro-market for INR 448.6 crore, marking a significant strategic investment in one of the city's most prized commercial corridors. The acquisition was completed through a deed of assignment executed on January 9, 2026, securing development rights from AVA Smart City LLP. Of the total consideration, INR 300 crore was paid in cash, while the remainder will be settled via an area-sharing arrangement that includes delivery of 55,000 sq ft of RERA-compliant warm-shell commercial space and proportionate parking to the seller. The 5,414 sq m site currently houses the Khatri Estate structure, and plans call for a premium Grade-A office tower with extensive amenities. L&T Realty says this acquisition aligns with its broader push into direct land ownership and office developments in core Mumbai locations.Read more

22 Jan 2026

Investments in Uttar Pradesh's real estate sector surged 53 per cent year-on-year to INR 69,000 crore in 2025, highlighting the state's growing appeal among developers and investors nationwide. Driven by investor-friendly government policies, faster regulatory approvals and expanding urban demand beyond Delhi-NCR, Uttar Pradesh has emerged as one of India's most dynamic real estate markets. According to UP RERA, the state also witnessed a sharp rise in project registrations and housing supply, with approvals and construction volumes reaching new highs. Developers from southern India, Maharashtra and other major markets are increasingly entering cities across the state, reflecting a structural shift in real estate growth.Read more

21 Jan 2026

The Maharashtra government has signed 19 memorandums of understanding involving investment commitments worth around INR 14.5 lakh crore on the opening day of the World Economic Forum Annual Meeting in Davos. The proposed investments are expected to generate over 15 lakh jobs, supporting the state's long-term growth plans. Chief Minister Devendra Fadnavis inaugurated Maharashtra's pavilion and held meetings with global companies across sectors such as consumer goods, hospitality, logistics, urban development, green steel and digital infrastructure. Officials said strong investor interest reflects confidence in Maharashtra's infrastructure and market potential. The state is also promoting major initiatives, including plans for a "third Mumbai," to drive future urban and economic expansion.Read more

21 Jan 2026

India's Ministry of Statistics and Programme Implementation is preparing to carry out a nationwide urban slum survey in 2027, marking the first comprehensive exercise in over a decade. The survey will collect detailed data on the number of slums, households, and living conditions, as well as access to basic services like electricity, water, roads, and drainage. It will also highlight changes since the last survey conducted in 2012. This updated information aims to help policymakers plan effective interventions, address service gaps, and improve living standards in urban poor settlements.Read more