2 minutes ago

Union Road Transport and Highways Minister Nitin Gadkari has warned that consultants responsible for defective detailed project reports (DPRs) would be held accountable for accidents and loss of life on highways. He also cautioned contractors against compromising construction quality, saying performance and financial audits would be used to assess their work and could lead to penalties or blacklisting. The ministry is also preparing tunnel tenders worth INR 2 lakh crore to INR 2.5 lakh crore. Industry representatives, meanwhile, raised concerns over the use of lowest-bid tenders and called for greater adoption of quality-cum-cost based selection for large and complex projects.Read more

32 minutes ago

Regional Health Properties reported higher revenue and sales for the second quarter of 2026, while its net loss narrowed from a year earlier. The healthcare real estate company reported revenue of USD 24.44 million for the quarter, compared with USD 10.06 million in the same period last year. Sales increased to USD 10.44 million from USD 1.28 million. For the first six months of the year, revenue rose to USD 45.6 million, while the net loss narrowed to USD 2.01 million from USD 2.71 million a year earlier.Read more

1 hour ago

Global alternative investment firm Investcorp has acquired the India contract logistics business of 20Cube 3PL Solutions for about INR 500 crore. The investment will support the company’s technology expansion, pan-India network and growth in services as manufacturing activity increases across India. 20Cube currently operates more than 7 million square feet of warehousing space and plans to expand this to over 20 million square feet over the next four to five years. The company and Investcorp also plan to invest another INR 500-750 crore in acquiring complementary contract logistics businesses.Read more

1 hour ago

The Centre will release a second tranche of INR 275.52 crore to Gujarat and Sikkim under the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana. Gujarat will receive INR 224.94 crore, while Sikkim will get INR 50.58 crore. The funds are intended to support agricultural productivity, modern farming practices, farm infrastructure and measures aimed at improving farmers’ incomes. The decision followed a review of the implementation of the two schemes with the agriculture ministers of both states. The Centre has also asked the states to complete approved projects within the stipulated timelines and assess their outcomes.Read more

2 hours ago

Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal are in Singapore for discussions aimed at strengthening India's economic partnership with the Southeast Asian financial hub. Goyal is leading a 70-member Indian business delegation seeking investment, trade and technology partnerships, while Sitharaman is heading the ministerial delegation for the fourth India-Singapore Ministerial Roundtable (ISMR). The talks will cover manufacturing, connectivity, digitalisation, healthcare, skills and sustainability. Bilateral trade reached USD 36.1 billion in 2025-26, while Singapore remained India's largest source of foreign direct investment during the year.Read more

2 hours ago

R City Mall in Mumbai’s Ghatkopar has received LEED Platinum Certification, recognising its performance against global standards for environmental responsibility, operational efficiency and sustainable practices. Developed by Runwal Realty, the 1.2-million-square-foot mall houses more than 350 national and international brands, over 50 dining outlets, a nine-screen multiplex, family entertainment centres and event spaces. The certification comes as sustainability becomes an increasing focus for retail properties and their operations. Runwal Realty said the recognition reflects its efforts to combine environmental practices with retail, dining and entertainment offerings at the destination.Read more

3 hours ago

Escorts Kubota will invest over INR 2,000 crore to develop a new manufacturing plant across 154 acres in YEIDA's Sector 10 in Gautam Buddha Nagar, Uttar Pradesh. The facility will be developed in phases and will manufacture tractors, farm implements, construction equipment and engines for domestic and global markets. The first phase is planned to add capacity for up to 60,000 tractors and 15,000 construction equipment units annually. The investment will be funded through proceeds from the company's earlier preferential share issue to Kubota Corporation and internal accruals.Read more

3 hours ago

The new integrated terminal at Nashik’s Ozar airport is being fast-tracked for completion by March 31, 2027, ahead of the Simhastha Kumbh Mela. The Nashik-Trimbakeshwar Kumbh Mela Authority reviewed construction progress on August 15 and directed agencies to accelerate the work along with related road and safety infrastructure. The airport expansion, approved at an estimated INR 556 crore, is designed to increase passenger-handling capacity from 300 to 1,000 passengers per hour. The broader works include a new terminal, expanded aircraft parking and passenger facilities, while access improvements are also being pursued.Read more

4 hours ago

RateGain Travel Technologies has entered into a partnership with Central Asian carrier VIETJET QAZAQSTAN to deploy its AirGain airfare pricing intelligence platform across key routes. Announced on August 18, the agreement will provide the airline’s commercial and revenue management teams with real-time visibility into competitor fares and pricing movements across multiple channels. AirGain will also support automated fare tracking, competitive benchmarking and dynamic pricing decisions. The deployment comes as VIETJET QAZAQSTAN expands its footprint in Central Asia and seeks faster access to market data to support its pricing strategy.Read more

4 hours ago

Germany-based KRONES has inaugurated a new manufacturing facility for bottling machinery at Vemagal Industrial Area in Karnataka’s Kolar district. The INR 315 crore facility, spread across 16,000 square metres, has been established in 18 months and is expected to create around 400 jobs. The company received approval for its investment proposal in October 2024 and was allotted 30 acres for the project. The facility will manufacture ErgoBloc packaging systems and machinery for different types of bottles, including equipment capable of producing up to 1,00,000 Coca-Cola-type bottles per hour.Read more

5 hours ago

India’s residential property market recorded 91,729 housing sales and 89,161 new launches across its eight largest cities in Q2 2026, according to PropTiger.com’s Real Insight Residential report released by Aurum PropTech. Sales declined 4.4% quarter-on-quarter, while launches fell 4.2%, although annual launches increased 6.0%. Sales remained 2,568 units ahead of new supply, limiting the accumulation of unsold inventory. The sales-weighted average residential price rose 1.0% sequentially to INR 10,153 per sq ft, remaining above INR 10,000 per sq ft for a second consecutive quarter. MMR retained the largest market share by volume and value, while Bengaluru recorded the highest annual price appreciation at 26.0%. Kolkata reported the strongest sequential sales recovery, supported by a post-election improvement in demand.Read more

20 Aug 2026

The Union Cabinet has approved the four-laning of the 82.578-km Muzaffarpur-Sitamarhi-Sonbarsa section of NH-22 in Bihar at an estimated cost of INR 3,590.73 crore. The project will be developed under the Hybrid Annuity Mode (HAM) and will improve connectivity between Muzaffarpur and the India-Nepal border at Sonbarsa. It will also strengthen links with the national freight network, industrial centres such as Barauni and river-based logistics facilities along the Ganga. The project includes seven major bridges, three railway overbridges and two flyovers to improve traffic movement and safety along the corridor.Read more

20 Aug 2026

Global mobility platform Arrive has opened a new innovation hub in Bengaluru as part of its expansion of technology and product capabilities in India. The 20,000-square-foot centre will bring together teams working across engineering, product, customer care, sales operations and artificial intelligence. The company said the Bengaluru team will support its global engineering operations and development of predictive AI capabilities for urban mobility. The centre has been established with support from management consultancy Zinnov and adds Bengaluru to Arrive’s network of offices across Europe, the US and other markets.Read more

Noida News Desk

20 Aug 2026

A flat owner in Greater Noida has secured the car parking space that had been denied to him after an eight-year legal dispute with the developer. The consumer court ruled in the homebuyer’s favour in two stages, ultimately directing the developer to fulfil its commitment to provide the parking facility. The dispute arose after the promised parking space was not provided to the resident despite his purchase of the flat. The developer challenged an earlier consumer court ruling, extending the matter into a prolonged legal battle. The latest decision has now upheld the homebuyer’s claim and recognised the developer’s failure to provide the promised facility as a deficiency in service. The case highlights the role of consumer forums in resolving disputes involving residential property commitments.Read more

20 Aug 2026

Infrastructure and engineering consultant Rodic Consultants has partnered with Nasscom to promote artificial intelligence adoption across India's infrastructure and other strategic sectors. Under the Rodic InfraAI Innovation Challenge, the two organisations will bring together AI and deep-tech startups to develop scalable solutions for infrastructure-related challenges. The initiative will focus on identifying and validating technologies involving artificial intelligence, Generative AI, hardware and software that can be deployed in real-world projects. Rodic Consultants said the collaboration will also create opportunities for startups while supporting the development of technology-led infrastructure in India.Read more

20 Aug 2026

Ireland’s annual house price growth slowed to 5.6% in June, marking its lowest level in nearly two and a half years, according to data from the Central Statistics Office (CSO). The latest reading extended the gradual moderation in the housing market after annual price growth reached 10.1% in August 2024. The CSO data also showed that residential property prices increased 0.5% month-on-month in June. The continued easing indicates that the pace of house price growth has been cooling, although prices remain higher than a year earlier.Read more

Noida News Desk

20 Aug 2026

The proposed Yamuna Pushta elevated expressway in the Noida region has been extended from 31 km to around 50 km, with the revised alignment taking the corridor closer to Noida International Airport in Jewar. Estimated to cost about INR 4,000 crore, the eight-lane project will begin near Sector 94 in Noida and extend through Greater Noida and the Yamuna Expressway Industrial Development Authority area towards Sector 23C. The corridor is planned as an alternative to the congested Noida Expressway and is expected to provide an additional route towards the airport as passenger and regional traffic increases.Read more

20 Aug 2026

Shares of Behari Lal Engineering Ltd made a strong debut on Indian stock exchanges on August 19, listing at INR 458 on the BSE and INR 465 on the NSE against an issue price of INR 285. The listings represented premiums of 60.70% and 63.15%, respectively, giving the company a market valuation of INR 2,135.22 crore. The company’s INR 302-crore initial public offering was subscribed 108.44 times on the final day of bidding. Behari Lal Engineering operates manufacturing facilities in Mandi Gobindgarh and is expanding with a third facility in Fatehgarh Sahib, Punjab.Read more

20 Aug 2026

Tattva Wellness Spa has opened its first centre in the Chandigarh tricity at The Aarlis Hotel, Vignette Collection by IHG, in Sector 3, Panchkula. The new facility offers massage therapies, facials, beauty treatments and grooming services, alongside private steam, shower and jacuzzi facilities. The outlet has three single-therapy rooms and a couple therapy room, with an integrated salon featuring dedicated bridal and groom chambers. The launch expands Tattva Wellness Spa’s presence in northern India and adds a wellness offering to the hospitality ecosystem around Panchkula’s City Centre and the adjoining Panchkula Golf Club.Read more

20 Aug 2026

IDFC First Bank has raised USD 500 million through its first international bond issuance, marking its entry into the global debt capital markets. The three-year bonds were issued through the bank’s IFSC Banking Unit at GIFT City and carry a fixed coupon of 5.625 per cent. The notes were placed with investors outside the US under the Regulation S format. Global institutional investors including BlackRock, Capital Group and AllianceBernstein anchored the issue, while S&P Global Ratings assigned the bonds a BBB- long-term issuer credit rating with a stable outlook.Read more

20 Aug 2026

European data-centre developers are increasingly looking beyond major cities as the rapid growth of artificial intelligence drives demand for large amounts of power, land and cooling capacity. JLL data shared with Reuters shows that hyperscale data centres planned for 2026-2028 will be located an average of 175 km from major urban hubs, compared with 46 km for projects delivered between 2022 and 2025. Greenfield sites account for 39% of the future pipeline, as developers seek lower land costs and faster power connections while facing shortages, planning restrictions and rising infrastructure costs in established markets.Read more

20 Aug 2026

Godrej Industries Group has entered India’s private credit market with its maiden Category-II Alternative Investment Fund (AIF), targeting a corpus of up to INR 2,000 crore. The fund, to be raised through Godrej Asset Management Company, will focus on established private mid-market companies across sectors and provide performing credit backed by hard collateral and covenant protections. The base fundraising target is INR 1,000 crore, with a further INR 1,000 crore available through a greenshoe option. The fund will seek capital from high-net-worth individuals, family offices and institutional investors.Read more

20 Aug 2026

ACES India Private Limited has signed a 25-year agreement with Reliance Jio to provide 4G and 5G mobile connectivity across Mumbai Metro Aqua Line-3. The arrangement will enable Jio services through telecom infrastructure deployed by ACES India across the 33.5-km underground metro corridor, which has 27 stations between Aarey JVLR and Cuffe Parade. The network is designed for an ultimate capacity of more than 625 million passengers annually. The deployment will cover stations, platforms, concourses and tunnels, supporting voice, high-speed data and other digital services for commuters.Read more

20 Aug 2026

The Big Assets (TBA), an upcoming real estate platform, is preparing for its official launch in December 2026 with a digital ecosystem covering property discovery, project listings, enquiries and accommodation. The Pune-based platform is being developed for builders, developers, property owners, buyers, tenants and hospitality providers. Its Stay by TBA offering will include hotels, villas, resorts, PGs, flats and hostels, with options for hourly, overnight and daily stays. The company began its public awareness campaign on August 15, ahead of the planned launch, as it seeks to bring property and accommodation requirements onto one platform.Read more

20 Aug 2026

Opposition corporators clashed with the BJP-led Mahayuti alliance at the BMC General Body meeting over the leasing of civic land under Public-Private Partnership arrangements, alleging that public assets, including the Century Mill plot, CSMT Market and the Worli asphalt plant, were being handed to private developers. Shiv Sena (UBT) demanded the PPP policy be scrapped and a special audit conducted, while the civic administration defended the transactions, citing competitive bidding and rehabilitation guarantees for affected mill workers.Read more

20 Aug 2026

Arkade Developers Ltd has added four redevelopment projects across Mumbai’s western suburbs, with an estimated combined revenue potential of around INR 5,000 crore. The projects are spread across Malad West, Kandivali West, Kandivali East and Borivali West and cover a total land area of 45,204 square metres, or 11.17 acres. Together, the projects are expected to have a saleable carpet area of around 15 lakh square feet. The Borivali West cluster redevelopment is the largest of the four, with an estimated sales potential of INR 3,000 crore. The company has completed 32 projects so far.Read more

20 Aug 2026

Goldman Sachs has agreed to acquire commercial real estate investor LCN Capital Partners in a transaction valued at up to USD 410 million. The deal includes around USD 260 million in upfront consideration and a further USD 150 million linked to future performance targets and service commitments, with about 80% of the total consideration to be paid in stock. LCN specialises in sale-leaseback and net-lease investments and was founded in 2011. The acquisition will expand Goldman Sachs Asset Management’s private real estate platform and strengthen its offerings for insurance, institutional and wealth management clients.Read more

20 Aug 2026

Union Road Transport and Highways Minister Nitin Gadkari has highlighted the condition of the Mumbai-Pune Expressway, saying the road has remained pothole-free nearly 27 years after it was constructed during his tenure as Maharashtra's PWD minister. His comments came amid criticism over damage near the recently completed Missing Link project on the same corridor. Gadkari clarified that the affected Missing Link was a Maharashtra government project and called for greater use of technology to identify road defects before they become major problems. He also stressed the need for infrastructure planning based on long-term requirements rather than immediate needs.Read more

20 Aug 2026

The Haryana government has clarified that its 100% stamp duty exemption for lifetime transfers of immovable property within a family also covers grandchildren through daughters. The clarification addresses an ambiguity in the Hindi version of a 2014 notification, which referred specifically to grandchildren through sons. The Revenue and Disaster Management Department has now made it clear that daughters’ children are equally eligible for the exemption. The move is expected to remove confusion at sub-registrar offices and allow families to transfer property to grandchildren through daughters without stamp duty disputes or unnecessary procedural delays.Read more

20 Aug 2026

The Brihanmumbai Municipal Corporation's General Body has approved a change in land-use reservation for the Neville D'Souza Football Ground at Bandra Reclamation, converting the 8,450 square metre plot from a "Sports Ground and Playground" to an "Exhibition Centre." The proposal, initiated by land owner MHADA and cleared by the civic body's Improvements Committee in June, has drawn opposition from Congress, Shiv Sena (UBT) and the football community, who argue the ground is Mumbai's last major dedicated football venue. The plan now requires state government clearance.Read more

20 Aug 2026

Rexford Industrial Realty has agreed to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for about USD 1.2 billion as part of its previously announced USD 2 billion portfolio realignment programme. The transaction is expected to close by the end of the third quarter, subject to customary closing conditions. Rexford plans to use the net proceeds for its capital allocation priorities, including debt repayment, share repurchases and development projects. The Los Angeles-based REIT owns and operates industrial properties across infill Southern California and has reaffirmed its 2026 forecast.Read more

20 Aug 2026

The Bombay High Court has directed the Mumbai Suburban district administration to remove encroachments around the Charkop natural pond in Kandivali (West) without showing favour to any person, and to complete the exercise within six weeks after 30 September 2026. The order came after the district collector filed an affidavit outlining joint inspections and statutory notices issued to encroachers. The court, which had earlier warned it could seek the collector's transfer over delayed action, said it would closely monitor compliance to ensure the process was not reduced to a mere formality.Read more

20 Aug 2026

The Maharashtra government has approved the Metro Line 13 project, which will connect Mira-Bhayandar with Vasai-Virar through a 25.03-km corridor in the Mumbai Metropolitan Region. The INR 17,724.99 crore project will have 16 stations, with both elevated and underground sections, along with an integrated road-and-metro bridge over Vasai Creek. The government has also approved a revised INR 10,502.36 crore cost for the eastern expansion of the Pune Ring Road. The two projects are aimed at improving regional connectivity, easing road congestion and creating stronger links between residential, commercial, industrial and logistics areas.Read more

20 Aug 2026

The Delhi government has announced plans to redevelop three residential colonies, Gulabi Bagh, Bahapur and Kalyanwas, into high-rise buildings to house government officials. Public Works Department Minister Parvesh Sahib Singh confirmed that existing flats at the three locations will be demolished and replaced with multi-storeyed housing, developed in line with the government's Transit-Oriented Development policy. Officials disclosed the plan on Monday, though further details on timelines, unit numbers and construction costs are yet to be released.Read more

20 Aug 2026

State-owned NBCC has approached the Supreme Court seeking exemption from certain statutory requirements under the Real Estate (Regulation and Development) Act, 2016, to facilitate the completion of 16 stalled housing projects of debt-ridden Supertech Ltd. The apex court has agreed to hear the plea and sought responses from the Centre and former Supertech director Ram Kishor Arora. The projects, spread across Uttar Pradesh, Uttarakhand, Haryana and Karnataka, comprise nearly 50,000 housing units, with around 27,000 homebuyers awaiting possession. NBCC’s request follows the National Company Law Appellate Tribunal’s refusal to grant a RERA waiver in May. The Supreme Court will consider the matter on September 24. The projects entered insolvency proceedings following a Section 7 application by Union Bank of India in 2021.Read more

20 Aug 2026

India's urban landscape has undergone a remarkable transformation over the past few decades. As textile mills, manufacturing plants, industrial estates and dockyards shut down or relocated, thousands of acres of land in prime city locations became available for redevelopment. What were once centres of production have gradually evolved into luxury residences, commercial districts and lifestyle destinations. These projects have not only reshaped city skylines but also redefined property values and urban living. Here are ten Indian cities where industrial land was transformed into some of the country's most sought-after real estate.Read more

20 Aug 2026

PSP Swiss Property has confirmed its 2026 EBITDA guidance of CHF 335 million after reporting a stronger first-half performance. Rental income remained broadly stable at CHF 174 million, while net income excluding gains and losses on real estate investments rose 40.1% to CHF 149.7 million. The company’s real estate portfolio was valued at CHF 10.2 billion at the end of the first half. PSP Swiss Property also acquired a Zurich property for CHF 75 million, with a potential earn-out of up to CHF 5 million. Moody’s has upgraded the company’s rating to A2 from A3.Read more

20 Aug 2026

TVS Industrial & Logistics Parks plans to invest INR 1,000 crore in upcoming industrial and logistics projects across Tamil Nadu. The company has signed an initial agreement with the state government as part of the VETTRI Tamil Nadu Investment Conclave 2026. The investment is expected to create around 1,500 jobs and add to the state's industrial and logistics infrastructure. Tamil Nadu is already an important market for TVS ILP, with 10 industrial and logistics parks operating across the state and serving companies in sectors including e-commerce, automobiles, FMCG and FMCD.Read more

20 Aug 2026

Axis Bank has opened 50 new branches across eight states, expanding its banking network across urban, semi-urban and rural markets. The new branches will provide banking services along with ATMs, doorstep banking, accessible infrastructure and regional language support. Separately, Abakkus Mutual Fund has crossed INR 10,000 crore in assets under management within a year of launching its first scheme, with more than 1.91 lakh investors. YES Bank has also introduced a credit card aimed at young salaried women, while J&K Bank has partnered with HDFC Life to expand its life insurance offerings.Read more

20 Aug 2026

The Enforcement Directorate (ED) has advised homebuyers and property investors to verify RERA registration, statutory approvals, title documents, land records and encumbrance details before making payments for real estate transactions. The agency has also asked buyers to report builders who refuse to provide registration or project documents, demand cash, delay registered documents or fail to refund money. The advisory was issued in connection with the ED’s provisional attachment of assets worth INR 129.80 crore belonging to an Ahmedabad-based real estate company and its promoters in an alleged homebuyers’ fraud case. The agency cautioned buyers against relying on oral assurances from brokers, booking forms or notarised papers, and advised them to insist on formal agreements for sale or registered sale deeds.Read more

20 Aug 2026

Montea has signed a long-term lease agreement with Chinese e-commerce company JD.com for approximately 50,000 square metres of logistics space in Willebroek, Belgium. The site, located between Antwerp and Brussels, will become JD.com’s new Belgian logistics hub. The property was previously used as a logistics hub by Decathlon and is positioned in an important logistics corridor serving the Benelux region. The agreement comes as e-commerce continues to support demand for strategically located logistics facilities, particularly those offering access to major urban markets and transport connections.Read more

20 Aug 2026

A service lane along the Delhi-Jaipur Highway in Gurugram will remain closed for nearly two months from August 18 to facilitate construction of a reinforced cement concrete stormwater drain. The Gurugram Metropolitan Development Authority (GMDA) is undertaking the work along the highway and sectors 76 to 80 to improve drainage and address waterlogging concerns. The closure is expected to affect local traffic movement, particularly commuters using the service road. Authorities have advised motorists to follow traffic directions and use alternative routes where necessary while the drainage infrastructure is being constructed.Read more

20 Aug 2026

The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of alleged dubious transactions involving Indiabulls Housing Finance Ltd (IHFL), now known as Sammaan Capital Ltd, and related entities. The court said the CBI must independently examine five allegations already looked into by the Delhi Police Economic Offences Wing (EOW), while a Mumbai special court will consider the agency’s request to investigate the sixth allegation involving the alleged routing of INR 1,575 crore. The case relates to allegations including suspicious loans, fund diversion, share-price manipulation and loan evergreening.Read more

20 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) has proposed an underground pedestrian vestibule costing approximately INR 702.44 crore to connect the Mahalaxmi Racecourse and Science Centre Metro station area with the Coastal Road and Worli Promenade. The proposal, now before the Standing Committee, designates the BMC as primary funding agency while the Mumbai Metropolitan Region Development Corporation (MMRCL) will implement the project. The Congress party has questioned the funding structure, citing the civic body's existing financial liabilities.Read more

20 Aug 2026

Global investment firm Bain Capital has sold a 5.64% unitholding in Bengaluru-based Embassy Office Parks REIT for INR 2,325.28 crore through open market transactions. The transaction involved 5,34,51,142 units sold by Bain Capital affiliate APAC Company XXIII Ltd at prices ranging from INR 435.01 to INR 435.05 per unit. The sale comes as Embassy REIT plans to acquire 10–12 million sq ft of office space over the next three to four years while developing another 6.2 million sq ft at a cost of INR 3,500 crore. The REIT operates more than 52 million sq ft across five major office markets. Its first-quarter FY2027 net operating income rose 17% year-on-year to INR 1,020 crore, while revenue from operations increased 17% to INR 1,241 crore.Read more

20 Aug 2026

The Lucknow Municipal Corporation (LMC) has introduced a one-time settlement (OTS) scheme to recover outstanding house, water and sewerage taxes from 2,24,749 buildings across eight zones of the city. The dues total around INR 1,500.76 crore, including INR 724.76 crore in arrears, INR 497.41 crore in pending dues and INR 278.58 crore in interest. The scheme, which began on August 15, offers a 100% waiver on accumulated interest and surcharges for eligible residential, non-residential and government properties with dues outstanding as of April 1, 2026. Applications can be filed online or offline until November 14, while the scheme will remain operational until December 15. Taxpayers with dues exceeding INR 1 lakh can pay the amount in three instalments.Read more

20 Aug 2026

The Kerala government will lease 18.16 acres of land on an island near Kochi city to Cochin Shipyard for a ship block building project involving an investment of around INR 5,000 crore. The project is expected to create about 2,000 direct jobs and generate additional indirect employment. The state will receive an annual lease amount of INR 1.45 crore, which will rise to around INR 1.70 crore including GST. The proposal, which had remained pending for some time, was cleared after discussions with Cochin Shipyard. The project is also expected to support Kerala’s shipbuilding sector and attract further investment.Read more

20 Aug 2026

Pune’s expanding Metro network and the proposed High Capacity Mass Transit Route (HCMTR) are being planned together at more than 20 points where the two elevated transport corridors will intersect. Under the proposed arrangement, the Metro viaduct will pass above the HCMTR road, allowing both systems to operate without requiring one corridor to be diverted. The coordination is part of efforts to integrate Pune’s major public transport and road infrastructure projects. The HCMTR, planned as an elevated six-lane corridor, is expected to improve citywide connectivity and reduce traffic congestion.Read more

20 Aug 2026

The Allahabad High Court has criticised the Uttar Pradesh government for taking possession of land belonging to the Shri Thakur Ram Jankiji deity at Sugriv Kila in Ayodhya, acquired for development around the Ram Janmabhoomi Temple, without paying the agreed sale consideration. A sale deed for 1,512 square metres was executed in December 2023 for approximately INR 1.38 crore, but the court noted the state had taken possession while simultaneously disputing the deity's title to the land. The court described the sequence of events as appearing deliberately engineered to delay payment.Read more

20 Aug 2026

The National Highways Authority of India's rollout of Multi-Lane Free Flow (MLFF) barrier-less tolling has led to a marked decline in electronic notices issued for unpaid tolls, as road users increasingly maintain active, sufficiently funded FASTags to avoid penalties. The system, first launched at Chorayasi toll plaza on NH-48 in Gujarat on 1 May 2026, has since been extended to plazas including Mundka Bakkarwala, Gharaunda, Daulatpura and Shahjahanpur, using ANPR camera technology to deduct tolls without requiring vehicles to stop.Read more