23 minutes ago

Naeem Real Estate Holding Group is reviewing a potential restructuring of part of its real estate portfolio as it explores transferring selected assets into a real estate fund. The move is currently under study and forms part of the company's efforts to assess alternative ownership and management structures for certain properties. While the company has not disclosed details regarding the assets involved or the timeline for implementation, the proposal could help streamline asset management and improve operational efficiency. Further details are expected once the evaluation process is completed and a final decision is taken.Read more

53 minutes ago

The Czech National Bank (CNB) has decided to increase the countercyclical capital buffer rate for banks by 25 basis points, citing strong lending activity, rising household and corporate debt, and continued growth in residential property prices. The revised rate will take effect in July 2027 and is aimed at strengthening the resilience of the banking sector against potential future risks. The central bank also retained existing mortgage lending rules and the systemic risk buffer rate. Stress tests conducted across financial sector segments indicated that institutions remain well positioned to withstand adverse economic conditions.Read more

Mumbai News Desk

1 hour ago

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.Read more

1 hour ago

• The Maharashtra government has taken a major step towards regularising unauthorised properties in Ulhasnagar that existed before January 1, 2011.
• A high-level meeting at Mantralaya reviewed pending issues and proposed measures to simplify the ownership regularisation process.
• The government is considering reducing regularisation charges from 10% to 5% of the Ready Reckoner value and removing the requirement for a D Certificate.
• A dedicated task force will be set up to speed up approvals and issue ownership documents to eligible property holders.
• The move is expected to benefit lakhs of residents by providing legal ownership rights and enabling redevelopment of old and dilapidated buildings.Read more

2 hours ago

• India's economy grew 7.8% year-on-year in the January-March quarter, exceeding the 7.2% forecast by economists.
• Strong private investment, higher agricultural output and continued construction activity supported growth despite the initial impact of geopolitical tensions in West Asia.
• The National Statistics Office revised India's FY26 GDP growth estimate to 7.7%, slightly higher than its earlier projection of 7.6%.
• Economists noted that resilient domestic demand helped sustain growth, although private consumption remained uneven in some segments.
• Analysts expect growth to moderate in FY27 amid risks from elevated energy prices, geopolitical uncertainties, inflationary pressures and concerns over monsoon conditions.Read more

2 hours ago

• Home Invest Belgium has reached an agreement with UCL to extend rights in rem related to its assets in Louvain-la-Neuve.
• The agreement is expected to support the long-term management and value of the company's real estate portfolio.
• Following the development, Home Invest Belgium raised its expected EPRA earnings per share for FY2026.
• The company's FY2026 EPRA earnings per share forecast has been revised from EUR 1.23 to EUR 1.25.
• The move reflects the positive financial impact anticipated from the extension agreement and strengthens the company's long-term asset strategy.Read more

3 hours ago

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.Read more

Mumbai News Desk

3 hours ago

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.Read more

4 hours ago

DAC Developers has strengthened its presence along Chennai’s Old Mahabalipuram Road (OMR) with the inauguration of a new satellite office and the launch of DAC Cambridge, a premium residential project inspired by the architectural character of Cambridge, England. The developer also indicated that it is exploring a proposed INR 250 crore funding platform with Yubi to support future land acquisitions, following two previous transactions through which Yubi facilitated INR 66 crore in funding. The expansion comes as DAC continues to grow its residential portfolio across Chennai’s IT corridor, where it currently has five ongoing projects in Sholinganallur and Navalur. The company has also announced upcoming launches including DAC Silicon Valley Phase 3 and DAC Lords.Read more

4 hours ago

• Uttar Pradesh's Economic Offences Wing (EOW) has arrested a director of Karmabhoomi Real Estate Company Limited in connection with an alleged INR 100 crore real estate investment scam.
• The company allegedly collected funds from hundreds of investors across multiple districts by promising high returns through real estate-linked schemes.
• Investigators have identified six directors associated with the company, while five accused are still absconding.
• The probe is focused on tracing investor funds, examining financial records and identifying the full extent of the alleged fraud.
• Authorities believe the case affected a large number of small investors and further arrests may follow as the investigation progresses.Read more

5 hours ago

Global infrastructure investor I Squared Capital is planning to launch an India-focused infrastructure fund with a target corpus of around INR 5,000 crore, marking a strategic push to attract capital from domestic institutional and high-net-worth investors. The proposed vehicle will focus on sectors such as energy, transportation, logistics and digital infrastructure. The initiative comes as local pension funds, insurance companies and family offices increasingly seek exposure to long-term infrastructure assets, reflecting the growing depth of India's alternative investment ecosystem.Read more

5 hours ago

BlackRock Monticello Debt Real Estate Investment Trust has strengthened its financing platform through two new funding arrangements disclosed in a recent regulatory filing. A unit of the REIT entered into a credit agreement with ConnectOne Bank, providing an initial commitment of USD 100 million with the potential to increase to USD 150 million. The agreement is set to mature in 2029 and includes extension options. Separately, another unit signed a master repurchase agreement with Nomura Corporate Funding Americas, carrying an initial maximum purchase price of USD 250 million, further expanding the trust’s access to capital for investment activities.Read more

6 hours ago

Railway projects worth nearly INR 1 lakh crore are under various stages of implementation across West Bengal, covering new rail lines, track doubling, electrification, station redevelopment and freight infrastructure. Officials have emphasised the importance of timely land handover to maintain project schedules and avoid execution delays. The investments form part of the Centre's broader railway modernisation programme aimed at improving passenger and freight connectivity, boosting logistics efficiency and supporting economic development across the state.Read more

6 hours ago

SpiceJet has announced plans to strengthen its fleet by adding three Airbus A320 aircraft on a damp lease arrangement next month. The airline has already finalised the lease agreement for the narrowbody planes as part of its ongoing fleet expansion strategy. In addition, SpiceJet has reintroduced a Boeing 737 MAX aircraft into commercial operations after bringing it back from the ground. The move is aimed at meeting rising passenger demand during the peak travel season, while also improving operational flexibility and supporting the airline’s domestic and international network requirements.Read more

7 hours ago

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.Read more

7 hours ago

President Donald Trump has announced plans to build a new pedestrian promenade connected to the Lincoln Memorial in Washington, adding to a series of redevelopment projects underway across the U.S. capital. The proposed promenade is intended to improve pedestrian access between the memorial, the Potomac River and nearby tourist attractions. The announcement comes alongside progress on the refurbishment of the Reflecting Pool and the advancement of a proposed 250-foot Triumphal Arch. The projects form part of a broader effort by the administration to reshape key public spaces in Washington, although some initiatives have faced legal and public scrutiny.Read more

8 hours ago

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.Read more

8 hours ago

The Telangana government has selected Singapore-based DP Architects to prepare the master plan for Bharat Future City, a large-scale urban development project being developed under the Future City Development Authority (FCDA). The firm emerged as the lowest bidder among six participants in the tender process and is expected to submit the master plan within nine months. Spread across about 765 sq km, the project aims to create dedicated hubs for life sciences, artificial intelligence, advanced manufacturing, data centres, healthcare, education and residential development, supporting Telangana's long-term economic and infrastructure growth plans.Read more

9 hours ago

• The Uttar Pradesh government has barred the sale, purchase and registration of land within the notified areas of LDA’s IT City and Wellness City projects in Lucknow.
• The move is aimed at preventing speculative land transactions and ensuring that benefits under the land pooling scheme reach original landowners.
• Only landowners whose names are already recorded in revenue records will be eligible for developed plots and project-related benefits.
• The restriction covers the first phase of both mega township projects being developed along Sultanpur Road and the Kisan Path corridor.
• Authorities expect the decision to curb artificial land price escalation and support smoother implementation of the projects.Read more

9 hours ago

Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.Read more

10 hours ago

• A fire department survey has found that only 80 of Patna’s 241 registered hotels fully comply with prescribed fire safety norms and have obtained the required No Objection Certificates (NOCs).
• The highest non-compliance was recorded in the city’s busiest hotel clusters, where deficiencies include inadequate emergency exits, narrow staircases, limited access for fire tenders and insufficient firefighting infrastructure.
• Authorities have intensified inspections and enforcement measures following previous hotel fire incidents, with non-compliant establishments being directed to upgrade safety systems and address structural shortcomings.Read more

10 hours ago

The Odisha government has approved 24 industrial investment proposals worth INR 3,793 crore through the State Level Single Window Clearance Authority (SLSWCA), paving the way for employment opportunities for more than 19,000 people across the state. The projects span sectors including renewable energy, steel and metal downstream industries, electronics and EV components, textiles, tourism, logistics, food processing, chemicals and emerging technologies. The investments will be distributed across 14 districts, reflecting the state's continued push to attract industrial capital and expand manufacturing capabilities. Among the major approvals are a lab-grown diamond manufacturing facility in Khurda and a battery energy storage systems project in Dhenkanal.Read more

11 hours ago

Vibez Estates has signed a hospitality management agreement with Sarovar Hotels for Vibez Sarovar Premiere, a 40-acre hospitality development in Sakleshpur, Karnataka. Located amid the Western Ghats and surrounded by coffee plantations and hill landscapes, the project will comprise a five-star hotel and villa development and is scheduled to open in 2028. The partnership combines Vibez Estates’ experience in managed land and plantation assets with Sarovar Hotels’ operational and distribution capabilities. The development comes as Sakleshpur continues to attract increasing visitor interest due to its natural surroundings, plantation tourism offerings and improving connectivity to Bengaluru and Mangaluru. The project is expected to add organised hospitality capacity to the region’s growing tourism and leisure ecosystem.Read more

11 hours ago

Embassy Developments Ltd has projected a 73 per cent increase in sales bookings to INR 8,000 crore in FY27, supported by strong housing demand across key residential markets. The company plans to launch housing projects worth nearly INR 19,500 crore during the fiscal year across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR, while also monetising inventory worth around INR 11,000 crore in ongoing developments. Managing Director Aditya Virwani said demand for quality residential projects from established developers continues to remain healthy despite global uncertainties. The company is also expecting operational and financial improvements following favourable outcomes in key legal matters, including the setting aside of insolvency proceedings by the National Company Law Appellate Tribunal (NCLAT).Read more

12 hours ago

As Hyderabad continues to witness rapid urban expansion through new residential projects, commercial districts and lifestyle destinations, sustainability must become a central consideration in the city’s development trajectory, according to Jaya Pavan Gummadi, Managing Director of Prosperiti Homes. Marking World Environment Day, Gummadi highlighted the need for climate-conscious urban planning that addresses heat management, water conservation, waste handling, green spaces and overall liveability. He also emphasised the role of community engagement in advancing environmental awareness through Positive Planet, a sustainability-focused podcast and content platform. The initiative seeks to bring local experts and practitioners into conversations around responsible consumption, recycling, composting and circular economy practices, while encouraging residents and businesses to adopt environmentally conscious habits in their daily lives.Read more

12 hours ago

The Punjab government has launched a statewide campaign to register and revalidate 10 lakh construction workers free of cost, aiming to expand access to welfare benefits and social security schemes. Announced by Chief Minister Bhagwant Mann during a review meeting of the Punjab Building and Other Construction Workers (BOCW) Welfare Board, the initiative will waive all registration and renewal charges for workers. The state plans to organise special registration camps across villages and urban centres to increase enrolment, as only 2.21 lakh workers are currently registered despite extensive construction activity and urbanisation. The drive is intended to improve coverage under welfare schemes, streamline benefit delivery and ensure that a larger segment of the construction workforce receives financial assistance, healthcare support, education benefits and skill development opportunities.Read more

13 hours ago

A detailed review by the UK's spending watchdog has shed light on property arrangements involving members of the British royal family. The report examined leases held through the Royal Household and Crown Estate, highlighting varying rental structures, long-term lease agreements and housing provisions for both working and non-working royals. It found that some properties were leased on commercial terms, while others involved nominal rents or subsidised arrangements. The review also outlined the financial commitments made by senior royals for certain residences and provided fresh details on long-standing property agreements that have drawn public and parliamentary scrutiny.Read more

13 hours ago

Deepak Group marked World Environment Day by launching a 50-acre mangrove afforestation initiative along the Paniyadra coastline near Dahej in Bharuch district, Gujarat. The programme brought together company employees, local communities and project teams to plant Avicennia marina, a salt-tolerant mangrove species that plays a vital role in protecting coastal ecosystems. The initiative forms part of the group's corporate social responsibility efforts and is designed as a long-term, community-led restoration programme with ongoing monitoring and ecological stewardship. Alongside the coastal project, the company conducted plantation drives across its manufacturing locations in Gujarat, Maharashtra and Telangana, planting more than 1,500 saplings and organising environmental awareness activities aimed at encouraging employee participation in sustainability and conservation efforts.Read more

14 hours ago

Housing finance lender Truhome Finance and real estate developer Veegaland Developers have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings. Truhome Finance, backed by Warburg Pincus, plans to raise INR 3,000 crore through a combination of fresh equity issuance and an offer-for-sale, while Veegaland Developers intends to raise INR 250 crore through a fresh issue of shares. The approvals form part of a broader batch of five IPO clearances granted by the market regulator in the past week. For Truhome Finance, the listing is expected to strengthen its capital base and support future lending growth, while Veegaland’s public issue is set to provide growth capital for its real estate business. SEBI’s observations allow both companies to move ahead with their public offerings within the prescribed regulatory timeline.Read more

15 hours ago

The Karnataka government has exempted a large category of homeowners in Bengaluru from obtaining Occupancy Certificates (OCs), providing relief to thousands of residential property owners facing challenges in securing the mandatory document. The decision extends the OC exemption to houses built on plots measuring up to 2,400 sq ft within the Greater Bengaluru Authority (GBA) limits, subject to prescribed building parameters. Previously, the relaxation was available only for smaller plots of up to 1,200 sq ft. The move is expected to benefit owners of independent houses who have struggled with procedural delays and compliance issues linked to occupancy certification. The government said the measure is intended to simplify regulatory processes while easing access to civic services and property-related documentation for eligible residential buildings.Read more

16 hours ago

Union Minister of State for Road Transport and Highways Ajay Tamta has reviewed a series of highway and road infrastructure projects across Sikkim, directing officials to accelerate ongoing works and advance upcoming schemes. The review covered national highway upgrades, bypass projects, strategic border roads and connectivity improvements aimed at easing congestion and strengthening links across the Himalayan state. Among the projects assessed were the INR 595 crore Rhenock–Rongli road project and the INR 1,018 crore upgrade of a section of NH-10. The Centre also reviewed progress on the Gangtok Bypass and other strategic corridors, with a focus on timely execution, road safety and improved connectivity to remote and border areas. The exercise forms part of the government’s broader effort to enhance transport infrastructure, tourism access and economic activity in Sikkim.Read more

17 hours ago

Kolkata-based PPE manufacturer Mallcom India Ltd has invested more than INR 100 crore in a new manufacturing facility at Sanand, Gujarat, as part of its efforts to expand domestic production, increase localisation and reduce reliance on imports. The facility, which is the company’s 17th manufacturing unit, currently employs over 200 people and is expected to create more than 300 jobs by next year. The plant manufactures NBR and PU gloves, safety helmets and bump caps, and houses what the company describes as India’s first domestic tariff area unit for Protech PU gloves. The investment forms part of Mallcom’s broader strategy to strengthen its manufacturing footprint and support product innovation within the personal protective equipment sector.Read more

18 hours ago

Visakhapatnam Port Authority (VPA) has successfully berthed MV Graceous, a 292-metre-long cape-sized bulk carrier, at the EQ-1 berth in its inner harbour, marking a significant operational milestone for the port. The vessel, which has a beam of 45 metres and a draft of 12.2 metres, is among the largest classes of bulk carriers operating globally. The achievement gives Visakhapatnam Port more than one cape-compliant berth, strengthening its ability to handle larger cargo vessels and enhancing overall cargo handling capacity. The development comes as ports across India continue to upgrade infrastructure and operational capabilities to accommodate larger ships and support growing maritime trade volumes.Read more

19 hours ago

The Delhi government has announced a series of stringent measures against unauthorised construction and fire safety violations following a hotel fire in south Delhi that claimed 21 lives. The administration will invoke provisions of the Disaster Management Act, 2005, to hold negligent officials accountable, with penalties including imprisonment and fines. District Magistrates (DMs) will be given expanded powers to identify violations, initiate disciplinary proceedings and oversee enforcement actions. The government has also directed joint inspections of hotels, guest houses, restaurants and other commercial establishments across the capital. The move comes amid a wider crackdown on illegal buildings, with authorities focusing on unsafe structures, unauthorised commercial use and violations of approved building plans.Read more

20 hours ago

Yugen Infra plans to invest around INR 2,000 crore over the next seven to ten years to develop a 500-acre integrated township, Yugen Golf City, along the Maharashtra-Goa border. The Gurugram-based developer has also partnered with healthcare solutions platform Livlong to incorporate healthcare services within the project. The first phase, spread across 100 acres, comprises residential plots and villas and has received encouraging customer response, according to the company. Yugen Infra intends to launch the second phase later this year. The township is being positioned as a mixed-use residential community with a focus on wellness, healthcare access and long-term quality of life, reflecting growing demand for integrated living environments beyond traditional housing developments.Read more

21 hours ago

Tamil Nadu has introduced a 24x7 online document registration system aimed at making property transactions more accessible and reducing dependence on physical visits to sub-registrar offices. The initiative forms part of the state government's broader digital governance programme and builds upon reforms such as ‘Anywhere Registration’ and paperless registration services. Under the new system, eligible documents can be prepared, submitted and processed online at any time, providing greater convenience to homebuyers, property owners and developers. The move is expected to streamline registration procedures, reduce congestion at registration offices and improve service delivery across the state. The rollout reflects Tamil Nadu’s continued efforts to modernise land and property administration through technology-driven reforms.Read more

08 Jun 2026

• UP RERA has said that over 1.15 lakh residential and commercial units are currently available for sale across Uttar Pradesh, indicating ample inventory for homebuyers and investors.
• The regulator has advised buyers against making hasty property decisions based on rumours, sales pressure, or expectations of immediate price appreciation.
• Available inventory includes flats, plots, villas, shops, office spaces and other commercial properties across multiple cities in the state.
• UP RERA has urged consumers to verify project details, approvals, construction status and developer information through its portal before investing.
• The advisory comes as Uttar Pradesh continues to witness strong real estate activity, supported by rising project registrations and increasing investments in the sector.Read more

08 Jun 2026

Evonith Steel has completed the acquisition of Indrajit Power Pvt Ltd (IPPL) in Maharashtra through the Insolvency and Bankruptcy Code (IBC) process for INR 232 crore. The acquisition includes an 85 MW thermal power asset located next to the company’s steel manufacturing facility in Wardha. The transaction follows approval from the National Company Law Tribunal (NCLT) earlier this year, where Evonith Steel was selected as the successful resolution applicant. The move is expected to strengthen the company’s captive power availability and support the operational requirements of its 1.4 million tonne steel plant.Read more

08 Jun 2026

Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout as part of its expansion strategy amid growing demand for managed and flexible office spaces in India. While the transaction value was not disclosed, the acquisition is expected to contribute nearly INR 100 crore to Incuspaze’s annual revenue. The deal adds iKeva’s 500,000 sq ft portfolio across 18 centres in Hyderabad and Bengaluru to Incuspaze’s existing network of more than 4 million sq ft spread across over 50 locations in 18 cities. The acquisition supports the company’s target of reaching INR 1,000 crore in revenue by 2028-29 and aligns with its plans to explore an initial public offering within the next 24 to 36 months.Read more

08 Jun 2026

The Maharashtra government has sanctioned INR 2,267 crore for the acquisition of 191.21 acres of land earmarked for the Sadhu Gram project linked to the 2027 Nashik-Trimbakeshwar Kumbh Mela. The funding, approved through a government resolution issued by the Urban Development Department, will support the creation of a temporary township for seers and religious akharas during the mega religious gathering. The allocation includes compensation for landowners and administrative expenses related to the acquisition process. The state has imposed strict conditions on the utilisation of the funds, warning that any diversion for non-project purposes would be treated as a serious financial irregularity. The approval forms part of preparations to secure the remaining land required for the Kumbh Mela infrastructure.Read more

08 Jun 2026

The Maharashtra government has directed authorities to prepare a comprehensive redevelopment blueprint for the Brihanmumbai Electricity Supply and Transport (BEST) undertaking, focusing on public welfare, employee interests and Mumbai’s long-term urban development. Chairing a review meeting on the modernisation of BEST bus depots, Chief Minister Devendra Fadnavis said the plan should cover the redevelopment of 22 depots spread across 132 acres, staff housing, public amenities and financial sustainability. The proposal envisages induction of 7,000 buses, EV charging infrastructure, commercial developments and civic facilities under a Public-Private Partnership (PPP) framework. The government has clarified that ownership of BEST land and assets will remain with the undertaking, with projects proposed through long-term lease arrangements and the DBFOT model.Read more

08 Jun 2026

Atal SA has received approval from Poland’s Office of Competition and Consumer Protection (UOKiK) to move ahead with the acquisition of seven companies and a portfolio of land properties from BD 1. The regulatory clearance was one of the key conditions outlined in the preliminary agreement signed between the parties. The approval marks an important step in the completion of the proposed transaction and allows the developer to advance the acquisition process. Further details regarding the value of the deal and the assets involved have not yet been disclosed.Read more

08 Jun 2026

Hindustan Construction Company (HCC) has secured a contract worth INR 127 crore from Wangchhu Hydroelectric Power Ltd (WHPL), Bhutan, for diversion and enabling works associated with the Wangchhu Hydroelectric Project. The contract covers the construction of diversion tunnels, hydromechanical gates and cofferdams and is scheduled for completion within nine months. The works are intended to facilitate the commencement of the project's main civil construction activities and support adherence to the overall implementation schedule. The award comes as Bhutan accelerates hydropower development under its 13th Five-Year Plan (2024–29), which targets 6,000 MW of installed generation capacity through continued investment in large hydroelectric projects. HCC has maintained a presence in Bhutan's hydropower sector for more than three decades through several major projects.Read more

08 Jun 2026

ITC Properties Group Ltd has announced that one of its subsidiaries has entered into a memorandum of understanding (MoU) with China Unicom Hong Kong to secure data centre resources as part of its expansion plans. Under the agreement, China Unicom Hong Kong will provide at least 6 megawatts (MW) of internet data centre (IDC) resources within nine months. The MoU will remain valid for 36 months, while the subsidiary aims to obtain between 8 MW and 10 MW of IDC resources for sublease. The move reflects growing demand for data centre infrastructure and related services in the region.Read more

08 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a ‘Weekly Public Transport Day’ in Bandra-Kurla Complex (BKC), encouraging nearly two lakh professionals working in Mumbai’s largest business district to use public or shared transport every Friday. Launched in collaboration with WRI India on World Environment Day, the initiative seeks to reduce traffic congestion, lower emissions and improve mobility across the commercial hub. The programme was announced during a roundtable attended by government officials, transport agencies, corporate representatives and mobility experts. A mobility study presented at the meeting revealed that a majority of BKC commuters continue to rely on private vehicles, while daily travel times remain high. The initiative also comes amid expanding metro connectivity in the district.Read more

08 Jun 2026

Blue Owl Real Estate Net Lease Trust has completed the sale of 15.46 million common shares, raising approximately USD 164.6 million, according to a regulatory filing. The transaction was executed on June 1 and disclosed through a filing with the U.S. Securities and Exchange Commission (SEC). The capital raise reflects the trust’s continued access to equity markets as real estate investment platforms seek funding to support portfolio growth, acquisitions, debt management and broader investment strategies. Blue Owl is part of the broader Blue Owl Capital platform, which manages assets across alternative investment segments including real estate and credit.Read more

08 Jun 2026

• The Lucknow Development Authority (LDA) is preparing to launch three new residential schemes in June to meet growing housing demand across the city.
• The upcoming projects form part of LDA’s broader strategy to support planned urban expansion and create new residential opportunities.
• Naimish Nagar Yojana is among the schemes being positioned to accommodate future population growth in emerging development zones.
• The launch is expected to boost housing supply while strengthening infrastructure-led development across Lucknow’s expanding urban footprint.Read more

08 Jun 2026

Renewable energy company ACME Solar Holdings has raised INR 2,800 crore through a Qualified Institutions Placement (QIP), marking its first equity capital raise since its stock market listing in 2024. The fundraising attracted participation from a broad range of domestic and international institutional investors, including mutual funds, insurance companies and foreign institutional investors. According to the company, the capital will be utilised to reduce debt and strengthen its balance sheet. The transaction was managed by ICICI Securities and IIFL Capital Services as Book Running Lead Managers. ACME Solar currently has an aggregated contracted renewable energy capacity of 8,070 MW, positioning the fundraising as a significant balance sheet exercise for the clean energy developer.Read more

08 Jun 2026

Bengaluru-based ISIT Office Space Solution Pvt. Ltd., a manufacturer of office and educational furniture, used its Sales Summit 2026 to outline plans for expanding its presence across India through a stronger channel partner network. Held from May 7 to 9, the event brought together company leadership and partners to review business performance, operational priorities and future growth initiatives. ISIT currently operates a 100,000 sq. ft. manufacturing facility and serves corporate and institutional clients nationwide. The company plans to onboard 25 new channel partners across cities including Bhopal, Indore, Nashik, Cochin, Trivandrum, Guwahati, Goa and Jaipur. The expansion strategy is aimed at strengthening its reach in Tier-2 markets while supporting growing demand for office and educational furniture solutions across India.Read more

08 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA), along with the Indian Plumbing Association (IPA) Amaravati Chapter and ISHRAE Vijayawada Chapter, organised a technical session on district cooling and sustainable infrastructure planning for Amaravati. The programme brought together more than 150 officials, consultants, contractors and technical experts to discuss utility management, HVAC systems, plumbing standards and wastewater solutions. Industry specialists shared global best practices and emerging technologies that can support efficient urban development. The session highlighted the importance of integrated planning, technical standards and collaboration to support Amaravati’s long-term infrastructure and sustainability goals.Read more