20 minutes ago

Generative Artificial Intelligence (GenAI) could contribute an additional USD 14-17 billion to India's real estate economy over the next seven years by improving productivity, accelerating project execution and enhancing customer engagement, according to a joint report by EY-Parthenon and CREDAI. The study estimates that GenAI adoption could increase sales velocity by 30-50 per cent, shorten product launch timelines by up to 30 per cent and improve operational efficiencies across the development lifecycle. The report suggests that the technology could contribute an additional 3-4 per cent to the sector's gross value added by 2033. Industry leaders believe GenAI's application across planning, design, construction, sales and customer interactions could significantly influence how developers manage projects and respond to evolving market demand.Read more

50 minutes ago

Delhi NCR has developed into a well-connected urban region supported by metro networks, expressways, and upcoming infrastructure projects like Dwarka Expressway and RRTS. Key locations across Delhi, Gurgaon, Noida, and Faridabad now offer convenient access to workplaces, airports, and nearby cities. These areas benefit from improved travel options and reduced commuting time. As connectivity improves, demand for housing and commercial spaces continues to grow in these locations.Read more

1 hour ago

CapMan Real Estate has completed the first closing of its Nordic Real Estate IV fund, marking an important step in the fund’s capital-raising process. The fund is advancing toward its target size of EUR 750 million and is expected to focus on real estate investment opportunities across the Nordic region. The first close reflects investor interest in the platform despite ongoing uncertainty in global property markets. CapMan continues to expand its real estate investment business through institutional capital partnerships and long-term asset management strategies across key Nordic markets.Read more

1 hour ago

• Chandigarh has proposed a series of amendments to its Master Plan 2031 aimed at addressing housing shortages and supporting future urban growth.
• The changes seek to optimise land use, unlock additional residential development potential and create opportunities for more affordable housing.
• Authorities believe the revised framework will help accommodate a growing population while promoting sustainable and planned urban expansion.
• The proposed amendments also focus on balancing development needs with infrastructure capacity, environmental considerations and long-term city planning goals.Read more

2 hours ago

The Odisha government has approved 20 major investment proposals valued at INR 76,612 crore, covering sectors ranging from green energy equipment and aerospace to steel, pharmaceuticals and advanced manufacturing. Cleared by the High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi, the projects are expected to generate employment for more than 500,000 people across the state. Significant investments have been proposed in lab-grown diamond manufacturing, solar equipment production, rare earth magnet manufacturing, steelmaking, power generation and pharmaceutical production. The approved projects are spread across districts including Khordha, Ganjam, Jajpur, Sambalpur, Jharsuguda, Sundargarh, Rayagada and Malkangiri, reflecting Odisha’s continued efforts to attract large-scale industrial investments and diversify its manufacturing base.Read more

2 hours ago

The Bhubaneswar Development Authority (BDA) has announced four new Town Planning (TP) schemes covering 969 acres across several peripheral areas of the city as part of its ongoing effort to guide planned urban expansion. The schemes span parts of Patrapada, Bhagabanpur, Bijipur, Baliapada and Kasipur mouzas and have been notified under TP Scheme Nos. 42, 43, 44 and 45. The initiative forms part of BDA's wider programme to implement 45 town planning schemes across the Bhubaneswar Development Plan Area. Through the land-pooling-based planning framework, the authority aims to create road networks, civic infrastructure and public amenities while ensuring landowners retain a substantial portion of their reconstituted land parcels. The latest schemes are expected to support organised growth in rapidly urbanising areas on the city's outskirts.Read more

3 hours ago

• Blue Dart Aviation plans to strengthen its cargo network by expanding operations across five emerging logistics centres in India.
• The company is targeting sectors such as electronics, pharmaceuticals, engineering goods and e-commerce that require time-sensitive transportation.
• The expansion aligns with Blue Dart Aviation's completion of 30 years of aviation operations and its strategy to deepen domestic air cargo connectivity.
• Enhanced network coverage is expected to improve cargo movement between metropolitan markets and fast-growing industrial and consumption centres.Read more

3 hours ago

IHG Hotels & Resorts and Indian Hotels Company Ltd (IHCL) have announced separate hospitality development agreements aimed at expanding their presence in key tourism destinations across India. IHG has signed a management agreement with Circle View Estate Private Ltd to develop a 140-key voco hotel in Udaipur, Rajasthan, with operations expected to commence in the first quarter of 2029. Meanwhile, IHCL has signed a 105-key Taj hotel in Dharamshala, Himachal Pradesh, through a partnership with Atman Resort & Cottages LLP. The Dharamshala project is a brownfield development with scope for future expansion. The announcements reflect continued investment by hotel operators in leisure-driven markets supported by tourism, weddings, spiritual travel and hospitality demand.Read more

4 hours ago

• Leading legal firms are expanding into GIFT City as the IFSC ecosystem evolves beyond banking into funds, leasing, treasury operations and cross-border finance.
• Recent office launches by firms such as Khaitan & Co and SNG & Partners reflect rising demand for specialised legal and regulatory advisory services.
• Industry experts believe the next phase of GIFT City’s growth will be driven by complex international transactions, creating fresh opportunities for legal professionals and consultants.Read more

4 hours ago

The Karnataka High Court has directed the state government to formulate a comprehensive policy governing homestays, citing concerns over tourist safety, regulatory oversight and the rapid growth of unregulated accommodation units across the state. The directive was issued during proceedings related to a case involving the alleged sexual assault of a US tourist at a homestay in Kodagu earlier this year. The court observed that existing legal provisions governing homestay registration do not adequately address several operational and safety aspects, including fire clearances, food safety requirements and local authority approvals. The ruling places renewed focus on the regulation of Karnataka's growing homestay sector, which plays a significant role in the state's tourism economy, particularly in destinations such as Kodagu, Chikkamagaluru and coastal Karnataka.Read more

5 hours ago

Areion Group is moving closer to acquiring Aviom India Housing Finance after emerging as the successful bidder for the affordable housing lender through an insolvency-led resolution process. The proposed INR 936-crore transaction is currently awaiting approval from the Reserve Bank of India, a key requirement before ownership can formally change hands. The acquisition would mark Areion’s entry into the housing finance sector and could provide a fresh growth platform for Aviom, which has spent the past two years navigating financial stress and regulatory challenges.Read more

Mumbai News Desk

5 hours ago

Mumbai's Brihanmumbai Electric Supply and Transport (BEST) undertaking is preparing to induct 1,500 air-conditioned midi buses to strengthen last-mile connectivity to metro and suburban rail stations across the city. The buses will operate primarily on feeder routes and form part of BEST's plan to expand its fleet to 7,000 buses by 2027. The move comes as Mumbai's metro network continues to grow, increasing the need for integrated public transport solutions linking residential neighbourhoods with major transit hubs.Read more

6 hours ago

The Bihar government has withdrawn restrictions on the sale and transfer of land in areas earmarked for 11 proposed satellite townships across the state, reversing a moratorium imposed earlier this year as part of its township development programme. The decision allows landowners to sell land directly to the Bihar State Housing Board while retaining planning controls intended to guide future urban expansion. The move affects proposed greenfield townships planned around Patna, Gaya, Darbhanga, Muzaffarpur, Bhagalpur, Purnia, Saharsa, Munger, Sonepur, Chhapra and Sitamarhi. The relaxation is expected to facilitate land aggregation for township projects being developed under a land-pooling framework, while enabling authorities to continue preparing master plans for the identified urban growth zones.Read more

6 hours ago

Canada Pension Plan Investment Board (CPP Investments) has entered into a long-term partnership with CtrlS Datacenters, committing approximately INR 7,000 crore (CAD 1 billion) to support the expansion of digital infrastructure across India. The investment comes amid rising demand for data storage, cloud services and artificial intelligence-driven computing capacity. Through the partnership, the two organisations plan to develop and scale a portfolio of hyperscale and enterprise-grade data centres, strengthening India's position as one of the world's fastest-growing digital infrastructure markets.Read more

Noida News Desk

7 hours ago

• NHAI has prepared a draft alignment for a proposed 31-km elevated corridor that will improve connectivity between Delhi, Noida, Greater Noida and Noida International Airport.
• The eight-lane project is planned along the Yamuna embankment and is expected to function as an alternative route to the existing Noida-Greater Noida Expressway.
• The proposed corridor will include multiple entry and exit connections to serve residential, commercial and institutional sectors along the route.
• Authorities are currently assessing land requirements and refining the alignment before the project moves towards detailed planning and approvals.Read more

7 hours ago

• Kochi recorded strong commercial real estate momentum in early 2026, supported by rising office leasing activity and sustained retail sector expansion.
• Demand from technology firms, GCCs, professional services companies and emerging businesses continues to strengthen the city’s office market.
• Retail development remains active, with organised shopping destinations and consumer-focused investments driving occupancy and footfall growth.
• Improving infrastructure, competitive occupancy costs and a growing talent base are reinforcing Kochi’s position as a key business destination in South India.Read more

Gurugram News Desk

8 hours ago

Authorities in Gurugram have launched a large-scale demolition drive against unauthorised commercial structures and encroachments in the Chakkarpur area near Galleria Road following directions linked to Supreme Court proceedings. The enforcement action, led by the Department of Town and Country Planning (DTCP), targeted illegal constructions operating in violation of approved land-use norms. During the initial phase of the exercise, multiple structures were removed with police support as officials sought to clear unauthorised commercial activity from one of the city's prominent mixed-use corridors. The drive forms part of a broader enforcement campaign underway across Gurugram to address illegal developments, reclaim public spaces and ensure compliance with planning regulations in licensed colonies and commercial zones.Read more

8 hours ago

The Ladakh administration has approved the creation of the Ladakh Pashmina Development Board (LPDB), the country’s first dedicated institution focused on promoting and developing Ladakhi Pashmina. Approved by Lieutenant Governor V K Saxena, the initiative aims to strengthen the entire Pashmina value chain, improve returns for pastoral communities and position Ladakh as a global hub for authentic Pashmina products. The Board will oversee policy formulation, infrastructure development, branding, certification and export promotion while implementing the Ladakh Pashmina Mission. The programme will focus on enhancing goat productivity, strengthening high-altitude grazing ecosystems, establishing local processing facilities and increasing value addition within the Union Territory. Ladakh is estimated to have nearly 200,000 Pashmina goats, making the sector a key contributor to local livelihoods.Read more

9 hours ago

Phoenix Tailings has secured a conditional commitment for USD 500 million in long-term debt financing from the Pentagon’s Office of Strategic Capital to support the development of a rare earth processing facility in the United States. The funding forms a key part of a USD 1 billion project designed to strengthen domestic processing of critical minerals and reduce reliance on overseas supply chains, particularly China. The facility will process both mined concentrates and recycled materials into rare earth metals used across defence, technology and industrial sectors, with commercial operations targeted for 2028.Read more

Hyderabad News Desk

9 hours ago

The Telangana government is set to inaugurate ‘Donald Trump Avenue’, a road adjoining the United States Consulate in Hyderabad, on June 23 as part of a broader initiative to recognise global personalities and institutions associated with the city’s economic and technological growth. The road naming proposal was first announced last year and forms part of a wider urban branding exercise that also includes roads named after prominent business leaders and technology companies. The inauguration is expected to be attended by senior state government officials and diplomatic representatives.Read more

Pune News Desk

10 hours ago

• Maharashtra's Urban Development Department has directed PMRDA to prepare and implement its structure plan within the next 12–18 months.
• The move is aimed at resolving delays in development permissions that emerged after the earlier Development Plan process was scrapped.
• The proposed structure plan will provide a framework for land use, infrastructure planning and future growth across the Pune Metropolitan Region.
• Authorities expect the exercise to unlock pending approvals, improve planning certainty and support long-term urban expansion in the rapidly growing region.Read more

11 hours ago

The Tamil Nadu Pollution Control Board (TNPCB) has decided not to pursue further action against Tata Electronics' Hosur facility after reviewing fresh water quality assessments and the company's response to earlier environmental concerns. The development follows days of scrutiny over allegations that wastewater discharge from the plant had contaminated nearby agricultural land and groundwater sources. With regulatory proceedings now closed, the focus has shifted to environmental monitoring, compliance mechanisms and the broader significance of the facility within Apple's rapidly expanding manufacturing ecosystem in India.Read more

12 hours ago

• Delhi has approved the Delhi Slum and JJ Cluster Rehabilitation and Resettlement Policy, 2026, creating a framework for large-scale redevelopment of JJ clusters across the city.
• Five JJ clusters have been identified for the first phase, while planning and tender preparations are underway for 50 additional clusters.
• The rehabilitation programme will be implemented through a public-private partnership (PPP) model to accelerate housing delivery and infrastructure development.
• The eligibility cut-off date has been extended to January 1, 2025, expanding the number of families that can benefit from rehabilitation.
• The policy aims to provide formal housing along with schools, healthcare facilities, anganwadis and other community infrastructure for nearly four lakh families.Read more

21 Jun 2026

The Union Ministry of Agriculture and Farmers Welfare has launched the nationwide ‘Khet Bachao Abhiyan’ (Save Farms Campaign) to encourage sustainable agricultural practices amid growing concerns over soil degradation, declining groundwater levels, climate change and the excessive use of chemical fertilisers. The campaign focuses on improving soil health through balanced nutrient management, wider use of Soil Health Cards, organic farming practices and water conservation measures. Indian Potash Limited (IPL) is supporting the initiative by conducting awareness programmes on soil management and modern farming techniques. The campaign also seeks to educate farmers on efficient irrigation methods, crop diversification and the identification of quality agricultural inputs to enhance productivity, reduce cultivation costs and safeguard long-term food security.Read more

21 Jun 2026

Dubai’s newly established Dubai Longevity Authority is expected to strengthen the emirate’s position as a global centre for longevity, wellness and advanced healthcare, while creating new opportunities for investment and urban development. Luxury developer Keturah has welcomed the initiative, stating that it provides a framework for developers to align residential projects with evolving wellness and quality-of-life standards. The company, which is developing two luxury residential communities in Dubai, said the authority reflects a broader shift towards integrating health, wellbeing and sustainability into urban planning. The development comes as cities worldwide increasingly explore how residential environments can support healthier and longer lives through design, infrastructure and community planning.Read more

Mumbai News Desk

21 Jun 2026

Western Railway's long-awaited Jogeshwari terminus, Mumbai's fourth long-distance rail terminus, is expected to commence Phase I operations by June 2026, with the full facility scheduled for completion by March 2027. The INR 76.48 crore project, being developed at the existing auxiliary terminal yard in Jogeshwari East, was originally slated for completion in December 2024 but faced repeated delays owing to contractor changes, land acquisition challenges, and administrative hurdles. Once fully operational, the terminus is projected to handle up to 24 long-distance trains daily, significantly easing congestion at Dadar, Bandra, and Mumbai Central.Read more

21 Jun 2026

Star Air has announced the launch of scheduled commercial operations to Mundra, Gujarat, from June 23, 2026, further expanding its domestic network and making Mundra its 32nd destination. The new services will connect the port city with Mumbai, Hindon (Delhi NCR), Goa, Surat, Bengaluru, Belagavi, Kolhapur and Nanded through a mix of direct and one-stop flights. The move is expected to strengthen connectivity to one of India’s most important port-led industrial hubs, support regional economic growth, facilitate business travel and improve accessibility for passengers travelling between western, southern and northern India. The expansion also aligns with the airline’s strategy of enhancing air connectivity to emerging economic centres under India’s regional aviation framework.Read more

21 Jun 2026

Authorities in Varanasi have demolished around 150 buildings as part of the ongoing Dalmandi road widening project aimed at improving connectivity between key religious and commercial areas of the city. The demolition drive forms part of a larger infrastructure initiative designed to ease congestion and facilitate movement between the Kashi Vishwanath Corridor and surrounding localities. While officials maintain that compensation and rehabilitation measures are being implemented, the project has drawn objections from some affected property owners and traders over acquisition and demolition proceedings.Read more

21 Jun 2026

ITC Hotels Limited has signed a management agreement for a 140-key Welcomhotel in Jaipur, strengthening its presence in Rajasthan's hospitality market. The proposed hotel will feature guest rooms and suites, multiple dining venues, wellness facilities and extensive event infrastructure, including more than 15,000 sq. ft. of banquet space and 22,000 sq. ft. of outdoor event lawns. Developed in partnership with Ashraya Hotels and Resorts, the project is aimed at serving leisure travellers, corporate events, meetings, incentives, conferences and exhibitions (MICE), and the destination wedding segment. The signing forms part of ITC Hotels' ongoing expansion strategy across state capitals and key tourism markets, following recent announcements in Bhubaneswar, Dehradun and Hyderabad.Read more

21 Jun 2026

Trinity Business Park has announced the launch of a 3 million sq. ft. integrated commercial development in Amingaon, North Guwahati, spanning 16 acres. The project will combine retail, office, hospitality and exhibition infrastructure within a single campus and is aimed at businesses seeking organised commercial space in Northeast India. The development has already attracted interest from trade bodies, including members of the Assam Textile Merchants' Association, who have committed retail space within the project. Designed to cater to corporate enterprises, distributors, manufacturers, professional services firms and emerging businesses, the project will include large-format showrooms, office spaces, exhibition facilities and hospitality components. Construction is progressing, with the initial phases expected to become operational from 2027 onwards.Read more

21 Jun 2026

Digital Out-of-Home (DOOH) and media infrastructure company SIMCA Advertising Ltd has secured a contract worth INR 15.26 crore from a leading financial services client, providing revenue visibility for FY27. The order comes as the company builds on strong financial performance reported for FY26, when revenue from operations grew 74.7 per cent year-on-year to INR 127.22 crore. SIMCA currently serves 124 clients across sectors through a portfolio of 210 media assets comprising traditional billboards and digital advertising inventory.Read more

21 Jun 2026

Thomas Cook (India) Limited has introduced a cross-border rewards programme for its forex card customers, offering rewards on international spending across selected global retail and service brands. The initiative provides 10 per cent rewards-back on eligible overseas transactions conducted through point-of-sale terminals, contactless payments and e-commerce channels. Available across the company's Visa and Mastercard forex cards, the programme covers merchants including Grab, Starbucks, McDonald's, KFC, Careem, Burger King and 7-Eleven. The launch comes amid rising adoption of digital payment methods by Indian travellers and is aimed at encouraging greater use of prepaid forex cards for everyday international spending while reducing reliance on cash withdrawals during overseas travel.Read more

21 Jun 2026

Dubai’s luxury villa rental market recorded significant value growth during the first five months of 2026, driven by increasing activity in higher-priced rental segments despite stable transaction volumes. According to an analysis by fäm Properties based on DXBinteract data, the annualised value of new villa tenancy contracts above AED1 million reached AED509 million between January and May, while renewals climbed to AED114 million. Palm Jumeirah remained the leading luxury villa rental destination, accounting for the highest volume and value of premium rental transactions. Growth was particularly evident in the AED2–3 million rental bracket, while several ultra-luxury leases exceeding AED5 million were also recorded, reflecting continued demand for high-end residential properties across Dubai’s established villa communities.Read more

21 Jun 2026

KSH Integrated Logistics Pvt. Ltd. has entered the Eastern India market with the launch of a 60,000 sq. ft. Grade-A warehousing facility in Kolkata. The multi-client warehouse has been developed to support businesses operating across Eastern and North-Eastern India, particularly in sectors such as FMCG, FMCD and fintech. The facility offers warehousing, transportation and value-added logistics services, supported by technology-driven inventory and transportation management systems. KSH said the warehouse is expected to create more than 100 direct and indirect employment opportunities while strengthening supply chain infrastructure in the region. The launch marks the company's first logistics facility in Eastern India and forms part of its broader strategy to expand its national warehousing and distribution network.Read more

21 Jun 2026

CRC Group will fly more than 75 business families from Noida on the inaugural commercial flight from Lucknow to Noida International Airport on June 15, 2026, marking the commencement of commercial operations at the greenfield airport. The initiative is intended to highlight the economic significance of the airport and its expected impact on Noida, Greater Noida, the Yamuna Expressway corridor and western Uttar Pradesh. The developer stated that the event will bring together entrepreneurs, industrialists, investors and business leaders to commemorate a project widely viewed as a major infrastructure catalyst for the region. The airport is expected to support growth across logistics, manufacturing, hospitality, warehousing, tourism and real estate while strengthening regional connectivity and investment prospects.Read more

21 Jun 2026

Dubai’s luxury residential market registered off-plan sales worth AED4.96 billion during May 2026 for homes priced above AED5 million, reflecting continued demand for high-value residential assets. According to market analysis by luxury developer Keturah based on DXBinteract data, a total of 391 off-plan apartment and villa transactions were completed during the month. Villas accounted for AED2.51 billion across 184 deals, while apartments contributed AED2.45 billion from 207 transactions. The strongest villa demand was recorded in the AED10-20 million segment, while apartment transactions were concentrated in the AED5-10 million category. The figures indicate that an average of 12 luxury off-plan homes valued above AED5 million were sold daily during the month, highlighting sustained investor activity in Dubai’s premium housing market.Read more

Delhi News Desk

21 Jun 2026

Delhi Chief Minister Rekha Gupta approved a package of projects worth over INR 1,000 crore on 24 May 2026 to accelerate Yamuna rejuvenation and strengthen the capital's water management infrastructure. The approvals, being executed in mission mode under the state government's Yamuna clean-up drive, cover the installation of 12 new decentralised sewage treatment plants in the Najafgarh region, upgradation of the Keshopur Sewage Treatment Plant, rehabilitation of a major trunk sewer line in East Delhi, and a new push on rainwater harvesting and groundwater recharge across the city.Read more

21 Jun 2026

Bengaluru’s premium residential market reflects the city’s evolving economic and social landscape. While some of its most sought-after neighbourhoods have long been associated with established business families and legacy wealth, others have emerged as preferred destinations for entrepreneurs, technology professionals and high-net-worth individuals. Factors such as connectivity, infrastructure, exclusivity, and proximity to major business hubs continue to influence residential preferences across the city. Together, these high-value localities offer insight into how Bengaluru’s luxury housing market has developed over time and where demand remains concentrated today.Read more

21 Jun 2026

DJ Group of Institutions, a Delhi-NCR-based healthcare education network operated by the Jassar Dental Medical Education Health Foundation (JDMEHF), has appointed Sanjeev Gupta as Group Head – Construction and Planning to oversee the execution of its upcoming DJ Medicity project in Modinagar, Uttar Pradesh. Gupta brings more than 28 years of experience in construction management, project execution and healthcare infrastructure development, including a stint as Construction Head at Apollo Hospitals. In his new role, he will lead construction strategy, planning and implementation for the integrated healthcare and education campus, managing design coordination, budgeting, regulatory compliance and vendor engagement. The appointment comes as the group strengthens its execution capabilities for one of its largest infrastructure developments, aimed at creating a healthcare and medical education ecosystem in the region.Read more

21 Jun 2026

The Government of Kerala, through Infoparks Kerala, has signed a memorandum of understanding (MoU) with Inductus Group to strengthen the state’s Global Capability Centre (GCC) and information technology ecosystem. The partnership aims to position Kerala as a preferred destination for multinational corporations seeking to establish development centres and GCC operations in India. The collaboration will focus on promoting the state’s talent base, digital infrastructure, innovation ecosystem and business environment to global enterprises. The agreement follows strategic initiatives led by the state’s Electronics and Information Technology Department to attract large and mid-sized multinational companies. The partnership is expected to support investment inflows, generate employment opportunities and reinforce Kerala’s position within India’s expanding GCC landscape.Read more

21 Jun 2026

Bengaluru-based Punt Partners has joined Anthropic’s Claude Partner Network (CPN) through its AI-powered product ShelfRadar.AI, becoming part of the inaugural cohort selected under the network’s Services Track. ShelfRadar, a decision intelligence platform built on Anthropic’s Claude AI infrastructure, helps consumer brands analyse and act on data from quick commerce platforms such as Blinkit, Zepto and Swiggy Instamart. The partnership provides the company access to Anthropic’s technical ecosystem, training programmes and enterprise AI resources. The development comes as India’s quick commerce sector continues to expand, creating increasing demand for tools that can help brands manage inventory, pricing, visibility and operational decisions across multiple platforms and markets.Read more

21 Jun 2026

The Ministry of Railways has approved the Champa–Korba Third Line Project in Chhattisgarh at an estimated cost of INR 755 crore to strengthen rail connectivity in one of India’s most important coal-producing regions. The project will add a third railway line along a key freight corridor connecting major coalfields with the national rail network. The capacity augmentation is expected to support rising coal production, improve freight movement efficiency, enhance passenger train operations and contribute to the country's growing energy requirements while generating additional railway revenue.Read more

21 Jun 2026

Leaders from India’s real estate, infrastructure and urban development sectors have congratulated Prime Minister Narendra Modi on becoming the country’s longest-serving leader, citing a decade of policy reforms, infrastructure expansion and governance initiatives that have influenced economic and urban development. Industry representatives highlighted measures such as the Real Estate (Regulation and Development) Act (RERA), Pradhan Mantri Awas Yojana (PMAY), Goods and Services Tax (GST) reforms, Smart Cities Mission and large-scale investments in transportation and urban infrastructure. They noted that these initiatives have improved transparency, strengthened investor confidence and supported growth across the real estate and construction sectors. Industry stakeholders also emphasised the importance of policy continuity and infrastructure-led development in sustaining India’s economic momentum.Read more

21 Jun 2026

• Terreno Realty Corporation has acquired an industrial distribution property in Alexandria, Virginia, for USD 13 million.
• The asset includes a 50,000-square-foot industrial building spread across 2.8 acres and is strategically located near Interstate 95 and Interstate 495.
• The property is currently 77% leased to three tenants and features multiple loading positions and parking facilities.
• Terreno Realty expects the asset to achieve a stabilized cap rate of 5% after reaching market occupancy levels.
• The acquisition strengthens the company's industrial real estate portfolio in the Washington, D.C. region and aligns with its focus on high-demand urban logistics markets.Read more

21 Jun 2026

Tata Realty & Infrastructure Ltd. (TRIL) has announced that Intellion Park Chennai, formerly known as Ramanujan IT Park, has achieved WELL Core Platinum certification across all its buildings from the International WELL Building Institute (IWBI). The certification makes it India’s largest WELL Core Platinum-certified campus and among the largest globally to secure WELL certification across an entire multi-building office development. The commercial campus has also been recognised as India’s first IFC EDGE Zero Carbon-certified development. The achievement comes amid increasing demand from global capability centres (GCCs) and multinational corporations for office spaces that meet international sustainability, wellness and environmental, social and governance (ESG) standards. The certification evaluates factors including air quality, thermal comfort, lighting and acoustics, which are linked to occupant wellbeing and workplace productivity.Read more

21 Jun 2026

Polish residential developer Robyg has launched its initial public offering (IPO) on the Warsaw Stock Exchange, aiming to raise around PLN 330 million (USD 90.4 million) through the issuance of new shares. The proceeds will be used primarily to expand its land bank and support future housing developments. The IPO also includes the sale of existing shares by majority owner TAG Immobilien, which is expected to retain control after the listing. The move comes as Robyg reports stronger profitability and outlines plans to increase apartment pre-sales while maintaining a shareholder return strategy through future dividend payments.Read more

21 Jun 2026

Project Management Institute (PMI) has warned that South Asia’s construction sector could face a talent shortfall of 558,000 professionals by 2035, nearly double the current gap of 291,000, as infrastructure and industrial investments accelerate across the region. The findings were highlighted during a construction and infrastructure roundtable organised by PMI South Asia in New Delhi, which brought together more than 25 senior industry leaders from infrastructure, energy, transportation, manufacturing, technology and advisory sectors. According to PMI’s 2026 Construction Project Management Talent Gap Report, India alone is expected to require nearly 395,000 construction project professionals by 2035. Industry participants stressed the need to strengthen project execution capabilities, develop future-ready talent and improve delivery outcomes as project complexity and investment volumes continue to increase.Read more

21 Jun 2026

Saya Gold Avenue has emerged as one of the most prominent residential developments in NCR, establishing a strong presence in Indirapuram, Ghaziabad. Developed by Saya Homes, the project combines a strategic location, high-rise architecture, extensive lifestyle amenities and a well-established residential community. Located adjacent to Shipra Mall (now North India Mall) and connected to NH-9, the development offers access to key commercial and residential hubs across Delhi-NCR. Comprising eight towers rising up to 39 floors, the project features an approximately 80,000 sq. ft. clubhouse, sports and wellness facilities, and a range of community amenities. Over the years, it has attracted entrepreneurs, professionals and business families while also recording significant capital appreciation, reinforcing its position as a sought-after residential address in the region.Read more

21 Jun 2026

Bolt.Earth and ChargeZone have entered into a strategic partnership to enhance electric vehicle charging accessibility through an interoperable charging network spanning more than 1,500 fast-charging locations across India. The collaboration will enable electric vehicle users to locate, access and pay for charging services across both networks through a single application, reducing dependence on multiple platforms. The partnership combines ChargeZone’s public fast-charging infrastructure with Bolt.Earth’s peer-to-peer charging ecosystem, covering urban centres, highways and intercity corridors. Industry participants view interoperability as a critical component in supporting India’s expanding electric mobility ecosystem and improving convenience for both personal and commercial EV users.Read more

21 Jun 2026

• Schneider Electric and Hon Hai Technology Group (Foxconn) have announced a global collaboration to co-develop next-generation AI data center infrastructure.
• The partnership fuses Foxconn's expertise in advanced compute platforms and server manufacturing with Schneider Electric's leadership in energy management and specialized cooling technologies.
• The initiative targets physical AI data center bottlenecks by introducing modular designs, closed-loop energy optimization, and repeatable reference architectures.Read more