9 minutes ago

The Bombay High Court has cleared the removal of 208 mangrove trees to facilitate construction of an eight-lane access-controlled highway connecting the upcoming Vadhvan Port in Palghar district to NH-48, providing a significant boost to the INR 76,220 crore port project. The court observed that the project serves a larger public purpose and holds substantial economic significance. The National Highways Authority of India (NHAI) received approval after demonstrating compliance with environmental, coastal regulation zone and forest clearance requirements, including compensatory afforestation measures. The project proponent has undertaken the plantation of approximately 1.33 lakh mangroves across 30 hectares and deposited more than INR 4.83 crore towards compensatory afforestation. The clearance is expected to accelerate implementation of the proposed greenfield port, which is being developed near Dahanu in Palghar district.Read more

39 minutes ago

Maharashtra Chief Minister Devendra Fadnavis met Amazon Chief Executive Officer Andy Jassy in Mumbai and invited the technology company to expand its investments in the state across data centres, healthcare infrastructure and artificial intelligence-driven skill development. During the meeting, Fadnavis highlighted Maharashtra’s position as India's leading data centre hub and outlined opportunities arising from the state's dedicated data centre policy, which promotes green infrastructure and renewable energy usage. He also discussed the state's ambition to grow its economy from an estimated USD 660 billion to USD 1 trillion by 2030 and emphasised the increasing adoption of artificial intelligence across governance, agriculture, healthcare, education and infrastructure. The chief minister additionally showcased investment prospects in the upcoming Medicity project in Navi Mumbai and sought collaboration with Amazon on AI-focused skilling initiatives.Read more

1 hour ago

Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93% stake through open market transactions worth nearly INR 665 crore. The sale comes days after Nexus Venture Partners reduced its holding in the company through a separate block deal. In another transaction, Mirae Asset Venture Investments sold a 0.97% stake in logistics firm Shadowfax Technologies for about INR 120 crore. Shares of both Delhivery and Shadowfax declined following the stake sales, reflecting investor reaction to the transactions.Read more

1 hour ago

At least 235 people have died and around 4,300 have been injured after twin earthquakes measuring 7.2 and 7.5 struck northern Venezuela in the past week. The latest official toll marks a sharp rise from an earlier estimate of 164 deaths and 971 injuries as rescue operations continue. The earthquakes caused widespread damage to homes, hospitals, transport infrastructure and public utilities, prompting a state of emergency, a USD 200 million reconstruction fund and an international humanitarian response.Read more

2 hours ago

The National Highways Authority of India (NHAI) has intensified efforts to remove encroachments and unauthorised parking along National Highways in a bid to improve road safety and traffic management. The authority has identified 595 critical locations across multiple states where unauthorised parking activities have been reported and is coordinating with state governments, district administrations and enforcement agencies to address the issue. Alongside enforcement measures, NHAI has ordered audits of Advanced Traffic Management System (ATMS) infrastructure to ensure key safety and monitoring equipment remains operational. The initiative also includes enhanced highway patrolling, deployment of ambulances and recovery vehicles, and integration of monitoring systems with enforcement agencies to strengthen incident response and improve safety standards across the national highway network.Read more

2 hours ago

Swedish green steel startup Stegra has completed a EUR 1.4 billion (USD 1.59 billion) financing round led by a consortium backed by Sweden’s Wallenberg family. The funding marks a major milestone for the company as it moves ahead with the construction of Europe’s first hydrogen-based steel factory. The financing package received full support from both new and existing investors, along with unanimous approval from Stegra’s lender group. The development comes at a time when several green steel projects across Europe are facing delays or scale-backs due to rising costs and challenges associated with green hydrogen production.Read more

3 hours ago

The Uttarakhand government has ordered statewide safety audits of residential, commercial and public buildings following a recent fire incident in Lucknow. Chief Minister Pushkar Singh Dhami directed multiple departments to inspect fire safety systems, emergency exits, electrical infrastructure and compliance with building regulations. The exercise will cover high-occupancy properties, including hotels, hospitals, schools and housing developments. Authorities have also been instructed to identify violations, review preparedness measures and ensure corrective action wherever required.Read more

3 hours ago

Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.Read more

4 hours ago

JSW Infrastructure's qualified institutional placement (QIP) received strong investor interest, attracting bids worth more than INR 50,350 crore against an indicative issue size of up to INR 7,503 crore. The issue saw participation from major domestic and international institutional investors, reflecting confidence in the company's port and logistics expansion plans. The funds will support greenfield port development, strategic acquisitions and debt reduction. The response also highlights investor optimism around India's growing infrastructure sector and JSW Infrastructure's long-term plans to expand capacity and strengthen its logistics network.Read more

4 hours ago

Kenya has signed a KES 154.2 billion (USD 1.2 billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport in Nairobi, marking a major step in the country's aviation infrastructure plans. The project aims to increase the airport's annual passenger handling capacity from 7.5 million to 22 million passengers through the construction of a new terminal and upgrades to existing facilities. The development comes after Kenya scrapped a previous airport expansion agreement with India's Adani Group last year and is part of the country's broader strategy to strengthen its position as a leading aviation hub in East Africa.Read more

5 hours ago

• Five workers have died following the collapse of a warehouse structure in Kolkata, while rescue teams continue efforts to locate and evacuate those trapped beneath the debris.
• Emergency personnel have rescued several individuals since the incident, with search operations involving specialised disaster response teams and heavy equipment.
• Authorities are investigating the circumstances that led to the collapse and assessing structural conditions at the site.
• The incident has raised concerns over worker safety and structural compliance at industrial and storage facilities in the city.Read more

5 hours ago

• The Centre and Telangana government have discussed financial and institutional support mechanisms for Hyderabad Metro Rail’s funding requirements, including options for easing the loan burden and improving project viability.
• Senior officials reviewed the project’s current financial structure, with emphasis on resolving pending funding issues and ensuring smooth execution of ongoing metro expansion plans.
• Both sides have indicated willingness to coordinate on a “balanced financing model,” aimed at reducing stress on project finances while keeping expansion timelines on track.
• The meeting also highlighted the need for stronger Centre–State collaboration to ensure infrastructure continuity and long-term sustainability of urban transport systems.Read more

6 hours ago

The Delhi government has approved a health scheme offering registered construction workers and their families cashless medical treatment cover of up to INR 10 lakh. The decision was taken at a cabinet meeting chaired by Chief Minister Rekha Gupta. Named the Delhi Building and Construction Workers Health Scheme, the initiative is expected to benefit around 2.70 lakh registered workers and cover close to 10 lakh people in total, including family members. The government has estimated an annual expenditure of approximately INR 200 crore on the scheme.Read more

Goa News Desk

6 hours ago

• The protest against the proposed housing project in Karapur, Goa, has entered its 78th day, with villagers continuing their opposition over environmental and regulatory concerns.
• Residents allege that the project threatens local water sources, biodiversity and the village's ecological balance.
• Protesters have organised marches, awareness campaigns and tree-planting drives while demanding a complete halt to the development.
• The movement has attracted support from environmental activists and public representatives, bringing wider attention to the issue.
• Villagers say they will continue the agitation until authorities address their concerns and review the project's approvals and environmental impact.Read more

6 hours ago

From high-speed rail corridors and international airports to metro expansions and railway upgrades, India is witnessing a period of sustained infrastructure development across multiple sectors. Several flagship projects have reported major construction milestones, received regulatory clearances or moved closer to operational readiness in recent months. Together, these developments reflect the scale of investment being directed towards improving mobility and connectivity across the country, while reshaping the physical networks that link cities, industries and regions.Read more

7 hours ago

The US House of Representatives has approved a bipartisan housing bill designed to increase the supply of affordable homes and improve access to housing finance, sending the legislation to President Donald Trump for final approval. The measure, which received strong support in both chambers of Congress, seeks to reduce barriers to housing development, streamline regulatory processes, and expand lending opportunities for lower-income buyers. Lawmakers from both parties have described the legislation as a rare example of bipartisan cooperation at a time when housing affordability remains a major concern for millions of Americans.Read more

7 hours ago

• Logistics major Delhivery has expanded its green mobility initiative by integrating 1,500 electric cargo vehicles into its last-mile delivery operations.
• The electric fleet has been developed in collaboration with Bajaj Auto, marking a push toward cleaner and more efficient urban logistics solutions.
• The move is aimed at reducing carbon emissions, lowering fuel dependency, and improving cost efficiency in high-frequency delivery routes.
• This expansion reflects a broader industry shift toward electrification in e-commerce logistics and sustainable supply chain practices in India.Read more

7 hours ago

• Gurugram’s Rapid Metro recorded around 81 lakh passenger journeys in just five months, signalling a sharp rise in daily dependency on the system.
• The network has witnessed steady double-digit growth in commuter traffic, reflecting stronger adoption of metro-based travel.
• Haryana’s metro operations turned financially positive, posting an operational surplus of about INR 9.1 crore in the same period.
• Improved connectivity, smoother interchanges, and rising road congestion are pushing more commuters toward rapid rail transit.Read more

8 hours ago

Haryana has introduced an upgraded Auto Mutation System and Paperless Registration 2.0, enabling property ownership records to be updated within 24 hours of registration without requiring separate mutation applications. The reform digitally integrates property registration with land records, reducing paperwork, manual intervention and transaction delays. Aimed at improving transparency, curbing fraud and strengthening ease of doing business, the initiative is expected to benefit homebuyers, developers, financial institutions and other stakeholders by ensuring faster, more accurate and secure property ownership transfers across the state.Read more

8 hours ago

London's stock markets saw support from real estate stocks as warehouse landlord Segro rejected a USD 16.6 billion takeover proposal from U.S.-based logistics real estate company Prologis. The move triggered a strong rally in property-related shares, with Segro emerging as the top performer on the FTSE 100. Gains across real estate investment trusts and developers helped lift the FTSE 250 index, while investors also monitored developments in UK politics and expectations around future interest rate decisions. Strong corporate updates from Liontrust, Berkeley Group and Primary Health Properties further supported market sentiment.Read more

9 hours ago

The Adani Group has announced plans to enter the nuclear energy sector through Adani Atomic Energy, targeting 10 GW of nuclear power capacity by 2035. Chairman Gautam Adani said land has already been identified for the venture as the conglomerate seeks to strengthen its position across India’s energy value chain. The announcement forms part of a broader infrastructure and energy expansion strategy that includes thermal, renewable, hydro, gas and transmission assets, alongside significant investments in ports, airports, data centres and logistics infrastructure.Read more

9 hours ago

The National Highways Authority of India has temporarily suspended concessionaire Shivalaya and independent engineer Feedback-Satra JV from future bidding, following the collapse of a 9.4-metre reinforced soil wall at Mylakkadu in Kollam district on 5 December 2025. The wall, part of the Kollam-Kadambattukonam project on NH-66, failed due to inadequate foundation soil strength. NHAI has issued show-cause notices proposing debarment of up to three years for the concessionaire and two years for the independent engineer, alongside monetary penalties, and ordered soil testing at 378 structures across 18 NH-66 projects in Kerala.Read more

10 hours ago

• Central Railway has completed the launch of a 500-tonne steel girder for the reconstruction of the Sion Road Over Bridge.
• The operation marks a critical stage in the CSMT–Kurla fifth and sixth line expansion project aimed at increasing suburban rail capacity.
• The heavy engineering exercise was carried out during a restricted night block between Matunga and Kurla stations.Read more

10 hours ago

• Senior living demand in India is increasingly shifting from traditional retirement and care homes to active ageing communities focused on lifestyle, wellness and independence.
• Experts say today's seniors are healthier, financially independent and looking for social engagement, recreation and better quality of life.
• Developers are responding by creating integrated communities with healthcare access, fitness facilities and community-driven amenities.
• Urban locations are emerging as a preferred choice as seniors want to stay connected to family, healthcare services and city infrastructure.
• The growing elderly population and changing family structures are expected to support long-term growth in the senior living housing segment.Read more

11 hours ago

The Goa Industrial Development Corporation (GIDC) is drafting new building bylaws for industrial estates to improve land utilisation and increase industrial development capacity. The proposed framework will review planning norms such as floor space utilisation, setbacks and construction regulations to enable more efficient use of existing industrial land. The initiative follows recommendations to liberalise industrial building norms and complements ongoing infrastructure upgrades and policy reforms aimed at strengthening Goa’s industrial estates and manufacturing ecosystem.Read more

11 hours ago

The US Supreme Court has ruled in favour of ExxonMobil in a long-running dispute over assets seized by Cuba following the 1959 revolution, making it easier for American companies to seek compensation under the Helms-Burton Act. The court held that Cuban state-owned entities cannot rely on sovereign immunity protections in such cases. The decision removes a major legal hurdle in Exxon's claim, now valued at more than USD 1 billion, and could influence several other lawsuits filed by US companies seeking compensation for property confiscated by the Cuban government decades ago.Read more

Mumbai News Desk

12 hours ago

The Slum Rehabilitation Authority (SRA) has proposed cluster redevelopment of three large slum pockets in Mumbai Antop Hill-Wadala, Majaswadi and Behrampada covering hundreds of acres. The initiative aims to enable integrated planning, improve infrastructure and accelerate rehabilitation by bringing fragmented settlements under unified redevelopment schemes. The Antop Hill-Wadala cluster alone spans around 450 acres. Authorities believe the approach will help unlock land potential, provide better housing and create planned urban spaces in some of Mumbai’s most densely populated areas.Read more

Mumbai News Desk

12 hours ago

• The BMC is moving ahead with a revised amnesty proposal aimed at providing relief to buildings constructed before November 2016 that lack occupancy certificates.
• The scheme seeks to address long-standing issues faced by residents, including difficulties related to property taxation, utility connections and redevelopment processes.
• State authorities have backed a more practical framework that could allow eligible buildings to regularise certain compliances without undergoing lengthy legal disputes.
• If approved, the initiative could benefit thousands of homeowners across Mumbai living in structures that remain occupied despite pending occupancy certification.Read more

Delhi News Desk

13 hours ago

Construction of the final deck slab on Delhi's Barapullah Phase-III elevated corridor was completed this week, physically joining both ends of the structure across the Yamuna River. The project, approved in 2014 and originally due in 2017, was held up for nearly a decade by land acquisition disputes, environmental clearances and forest department approvals, with its cost revised to around INR 1,635 crore. Once finished, the corridor is intended to give East Delhi a signal-free route towards South Delhi via Sarai Kale Khan. Authorities have indicated a target opening date of 30 June 2026.Read more

13 hours ago

The Gujarat High Court has ruled that municipal authorities cannot cancel property regularisation orders after they have been granted under the Gujarat Regularisation of Unauthorised Development Act (GRUDA). The court held that civic bodies lack the power to review or revoke such approvals once issued. The judgment came while quashing an Ahmedabad Municipal Corporation order that had withdrawn an earlier regularisation granted to unauthorised construction in a commercial building, reinforcing legal certainty for property owners.Read more

14 hours ago

Schroder European Real Estate Investment Trust (REIT) has proposed a managed wind-down of its business and a phased return of capital to shareholders after reporting a decline in net asset value (NAV) and lower earnings for the first half of the year. The company said unrealised losses from property revaluations affected its portfolio value despite maintaining high occupancy levels and strong rent collection. Lease extensions at key assets supported valuations in some markets, while tenant departures at certain properties impacted income and asset values. Subject to shareholder approval, the wind-down process is expected to take two to three years.Read more

14 hours ago

Bihar's rural works department (RWD) has said that more than 3,032 km of rural roads across seven flood-prone districts in north Bihar have been strengthened and surface-renewed ahead of the monsoon. The claim follows flooding in the Mechi river that affected Thakurganj block in Kishanganj district last week, triggered by heavy rainfall in Nepal, which also marginally raised water levels in the Kosi and Gandak rivers. The upgraded districts include Madhubani, West Champaran, East Champaran, Supaul, Purnia, Araria and Kishanganj, all located in Bihar's border and Seemanchal regions.Read more

15 hours ago

UK homebuilder Berkeley Group has called for changes to tax and regulatory policies after reporting a 15% decline in annual pre-tax profit. The company said ongoing economic uncertainty, higher borrowing costs and planning-related challenges are affecting housing delivery, particularly in London, where supply remains significantly below demand. Berkeley maintained its long-term profit outlook despite market pressures and political uncertainty in the UK. The developer also urged policymakers to reduce barriers that delay housing projects and reconsider stamp duty levels to support demand, investment and housing construction across the country.Read more

15 hours ago

The Madras High Court has struck down Section 34-C of the Registration Act introduced by the Tamil Nadu government, holding that registration authorities cannot decide issues relating to property title or refuse registrations on that basis. The court observed that title disputes fall within the jurisdiction of civil courts and directed the registration department to improve encumbrance records. The ruling is expected to bring greater clarity to property transactions and limit the role of registrars to administrative functions.Read more

Hyderabad News Desk

16 hours ago

Telangana CM A. Revanth Reddy met Railway Minister Ashwini Vaishnaw in New Delhi to discuss funding and execution of Hyderabad Metro Phase-2. Union Minister G. Kishan Reddy and officials reviewed financing structures, Centre-state coordination, and overall project viability. Talks also included SBICAPS advisory participation, faster approvals, and measures to reduce procedural delays. Further discussions at Manohar Lal Khattar’s residence highlighted progress on funding and takeover-related issues. The deliberations also stressed aligning Phase-2 expansion with Hyderabad’s long-term urban mobility and infrastructure development goals and ensuring timely execution.Read more

16 hours ago

Grasim Industries has completed its INR 2,880-crore investment in Aditya Birla Capital through a preferential allotment of equity shares, slightly increasing its stake in the financial services arm. The capital infusion forms part of Aditya Birla Capital’s INR 4,000-crore fundraise aimed at strengthening its balance sheet and supporting future growth. International Finance Corporation (IFC) and group entity Suryaja Investment also participated in the issue, which will be used to augment capital and expand lending operations.Read more

17 hours ago

• Adani Group plans to invest between INR 90,000 crore and INR 1 lakh crore in its airport business over the next five years.
• The announcement coincides with the launch of scheduled commercial flight operations at Mundra Airport in Gujarat.
• Investments will focus on capacity expansion, terminal infrastructure, technology upgrades and the development of airport-linked ecosystems.
• The move reflects growing confidence in India's long-term aviation demand and airport infrastructure sector.Read more

Ahmedabad News Desk

17 hours ago

• An Ahmedabad court has denied bail to the owner of Popular Builders in connection with an ongoing land fraud and forgery case.
• The case involves allegations of irregular land transactions and financial misrepresentation linked to a disputed 1996 land deal.
• The accused, identified as Raman Patel in reports, remains under judicial scrutiny as proceedings in the case continue.
• The ruling reinforces a strict judicial stance on real estate-related fraud cases in Gujarat amid multiple pending appeals.Read more

18 hours ago

The Centre has reaffirmed its commitment to the ambitious Great Nicobar Island development programme, with groundwork for the Galathea Bay transshipment port now expected to begin in 2028. Union Minister Sarbananda Sonowal said the project remains on track despite environmental concerns and legal challenges. Conceived as a strategic maritime hub capable of handling some of the world's largest vessels, the port is expected to strengthen India's position in global shipping routes. The larger Great Nicobar master plan also includes an international airport, power infrastructure and urban development projects aimed at transforming the remote island.Read more

Mumbai News Desk

18 hours ago

• A criminal case has been registered after a forged judicial order was allegedly used to halt action against an unauthorised building in Navi Mumbai's Nerul area.
• The suspected fake interim relief was produced before civic authorities to prevent demolition proceedings.
• A Belapur court directed an investigation after discrepancies emerged in the purported order.
• The incident has raised concerns over misuse of judicial documents and attempts to obstruct action against illegal constructions.Read more

25 Jun 2026

• Haryana's Department of Town and Country Planning (DTCP) has initiated blacklisting proceedings against 15 architects for allegedly issuing occupation certificates (OCs) to buildings that did not comply with prescribed norms.
• The action follows inspections that found occupation certificates being granted to incomplete or non-compliant structures in licensed colonies, particularly in Gurugram.
• Authorities are reviewing a large number of OCs issued under the self-certification system and examining the role of empanelled architects.
• Officials have indicated that occupation certificates issued in violation of rules may be cancelled, while further action could be taken against those responsible.
• The move is part of a broader effort to strengthen compliance, accountability and oversight in Haryana's real estate sector.Read more

Delhi News Desk

25 Jun 2026

• The Delhi government has extended the eligibility cut-off for slum rehabilitation from 2015 to January 1, 2025, bringing a significantly larger number of residents under the housing programme.
• The decision is expected to benefit nearly 20 lakh people living in JJ clusters and support the rehabilitation of around 4-5 lakh families.
• The revised provision has been approved under the Delhi Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026.
• Authorities believe the move will help speed up redevelopment projects by reducing disputes over beneficiary eligibility.
• The policy focuses on permanent housing, in-situ redevelopment, and improved civic infrastructure across slum settlements in the national capital.Read more

25 Jun 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra has inaugurated the new campus of the Centre for Advanced Financial Research and Learning (CAFRAL) in Mumbai. During the event, the Governor highlighted the importance of continuous learning, professional capacity building and research in addressing the evolving needs of the financial sector. CAFRAL, an institution promoted by the RBI, focuses on research in banking, finance and macroeconomics while also providing leadership development and training programmes for senior financial sector professionals. The institution aims to function as a global centre of excellence supporting policy formulation, knowledge creation and capability enhancement across India’s financial ecosystem.Read more

25 Jun 2026

The Himachal Pradesh government has sanctioned INR 137.4 crore for upgrading the Chail Chowk–Janjehli road in Mandi district. The project aims to improve connectivity across the Seraj region, facilitate tourism, and strengthen access to remote villages. The investment is expected to enhance road safety and support local economic activity, particularly in agriculture and hospitality.For many hill communities in Himachal Pradesh, roads are more than just transport corridors they are vital links to markets, healthcare and livelihoods.Read more

25 Jun 2026

Primary Health Properties (PHP) is in advanced discussions with an investor regarding a potential joint venture involving its private hospital assets in the UK. The healthcare-focused real estate investment trust (REIT) said the talks are ongoing and there is no certainty that a transaction will be completed or what terms it may involve. The move is part of PHP’s broader effort to unlock long-term value from its private hospital portfolio. The company, which completed its merger with Assura in 2025, currently manages a property portfolio worth around GBP 6 billion across the UK and Ireland.Read more

25 Jun 2026

CIDCO has transferred Kharghar, Taloja Panchanand and Pendhar railway stations in Navi Mumbai to Central Railway, which will now oversee their operations, maintenance and passenger services. The stations are part of the Belapur–Uran suburban rail corridor developed to improve connectivity across the city’s growing residential and commercial areas. The handover integrates the facilities into Central Railway’s operational network and marks a key step in the transition of transport infrastructure developed by CIDCO to long-term railway management.Read more

Pune News Desk

25 Jun 2026

• Pune Municipal Corporation (PMC) has approved the process to prepare a new Development Plan (DP) for 23 villages merged into the city limits.
• The move follows the Maharashtra government's decision to appoint PMC as the sole planning authority for these areas, replacing the earlier dual-authority system.
• The fresh plan will focus on road networks, public amenities, infrastructure, land use, and future urban development.
• Residents of the merged villages have long sought a structured planning framework to address civic and infrastructure gaps.
• The proposed DP is expected to provide greater clarity on development permissions and support planned growth in Pune's expanding suburbs.Read more

25 Jun 2026

The Maharashtra government has approved Navi Mumbai Metro Line 2, an 8.15-km corridor connecting Taloja and Khandeshwar, with a budget allocation of INR 5,575 crore. Proposed by CIDCO in 2011, the line will serve key nodes including Kamothe, Kalamboli and Taloja through eight stations. The corridor is expected to improve internal connectivity across Navi Mumbai and strengthen links with major transport infrastructure, including the upcoming Navi Mumbai International Airport, as the city expands its metro network.Read more

25 Jun 2026

India’s major listed real estate developers recorded strong sales momentum during FY26, with combined sales bookings reaching nearly INR 1.95 lakh crore, reflecting a 17% year-on-year increase. The growth was driven by sustained housing demand, rising property prices and strong traction in the premium and luxury housing segments. Godrej Properties retained its position as the country’s largest listed developer by sales bookings, while Prestige Estates moved to the second spot. The top five listed developers together accounted for nearly 60% of total pre-sales, highlighting the growing dominance of established brands in India’s housing market.Read more

25 Jun 2026

Chinese property developer Shimao Group has confirmed that lenders have taken control of its Sheraton and Four Points by Sheraton hotels near Hong Kong International Airport and have initiated a sale process for the assets. The move comes after the company completed a USD 11.5 billion offshore debt restructuring last year. Receivers appointed by lenders have engaged Savills to conduct a tender sale, which is expected to conclude by the end of August. Sources said the hotels are being marketed for at least HKD 3 billion against an outstanding loan of nearly HKD 5 billion tied to the properties.Read more