48 minutes ago

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

1 hour ago

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

2 hours ago

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

2 hours ago

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

3 hours ago

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

3 hours ago

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

Delhi News Desk

4 hours ago

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

4 hours ago

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

5 hours ago

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

5 hours ago

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

6 hours ago

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

6 hours ago

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

8 hours ago

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

9 hours ago

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

10 hours ago

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

11 hours ago

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

12 hours ago

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

13 hours ago

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

14 hours ago

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

15 hours ago

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

16 hours ago

Consumer-tech platform Speedioo has raised INR 10 crore in a seed funding round led by Atomic Capital, marking its first institutional investment. The Pune-based company plans to utilise the capital to develop an AI-native technology platform, expand distribution across key markets, strengthen OEM partnerships and scale its dealer and retail network. Speedioo reported more than fivefold growth in revenue over the past 12 months while remaining EBITDA and cash flow positive. The company has recorded gross merchandise value (GMV) of INR 30 crore and sold over 4,000 vehicles. With more than 200 dealer partners across Bengaluru, Mumbai and Pune, Speedioo is targeting over INR 100 crore in annual recurring revenue (ARR) within the next 12 to 18 months while expanding into additional cities and strengthening its position in India’s largely unorganised used two-wheeler market.Read more

20 Jun 2026

Vale do Lobo, the luxury resort in Portugal's Algarve region, has unveiled an expanded programme of sports, leisure and family-oriented activities for the summer season, reflecting growing demand for activity-led holidays among families. The resort's summer schedule includes junior golf and tennis academies, family entertainment programmes, live performances, cultural events and recreational facilities designed for visitors of all age groups. Located near Faro Airport, the destination is promoting a range of sports and lifestyle amenities alongside accommodation offers available through September. The initiative is aimed at families seeking holidays centred on active participation, skill development and shared experiences, with facilities spanning golf, tennis, swimming, mini golf, dining and outdoor recreation.Read more

20 Jun 2026

Arvind SmartSpaces Limited (ASL) has signed a joint development agreement for a residential plotted development project on the Kerala-Nalsarovar Road corridor in South Ahmedabad. Spread across 58.25 acres, the project will offer a saleable area of approximately 2.5 million sq ft and has an estimated revenue potential of around INR 180 crore. The acquisition strengthens the company’s presence in Ahmedabad’s horizontal housing market, where demand for plotted developments and second-home projects has been rising. The project aligns with ASL’s asset-light growth strategy and expands its portfolio in a micro-market benefiting from improving infrastructure connectivity and increasing residential interest.Read more

20 Jun 2026

• Inox Wind Ltd has signed a Memorandum of Understanding with Inox Clean Energy to supply 1,500 MW of wind turbines for renewable energy projects across India.
• The agreement covers the deployment of Inox Wind’s 3.3 MW and 4X MW turbine platforms, supporting Inox Clean Energy’s expanding renewable energy pipeline.
• Following the MoU, Inox Wind’s order book has surpassed 4.5 GW, strengthening its medium-term execution visibility.
• Inox Clean Energy is targeting an operational renewable energy portfolio of 14 GW by FY29, with the partnership expected to support faster project implementation.Read more

20 Jun 2026

ITC Hotels Limited has signed a management agreement for a 143-key Welcomhotel property in Ayodhya, strengthening its presence in Uttar Pradesh and expanding the footprint of its upper-upscale hospitality brand. The hotel will be developed on a four-acre site and is designed to cater to growing demand from religious and leisure travellers visiting the city. The property will feature guest rooms, suites, dining facilities, wellness amenities and more than 11,000 sq. ft. of banquet space. The signing follows recent Welcomhotel announcements in Bodh Gaya, Shirdi and Vrindavan and aligns with ITC Hotels’ strategy of expanding into emerging cultural and spiritual destinations. The move comes as Ayodhya continues to witness rising visitor numbers, supported by infrastructure upgrades, improved connectivity and ongoing urban development initiatives.Read more

20 Jun 2026

Knauf India has introduced Drystar, a fibre-reinforced gypsum board system designed for moisture-prone and high-humidity environments across residential, commercial, hospitality and healthcare projects. Announced in New Delhi, the product is intended for interior dry construction applications exposed to moisture, humidity and intermittent water contact. The board combines a moisture-resistant glass-fleece surface with an engineered gypsum core to enhance resistance to mould growth and water absorption. Classified under European standards for fire performance, strength and moisture protection, Drystar is aimed at washrooms, hospitals, hotels, airports, schools and other infrastructure projects requiring durable, fire-safe and moisture-resistant wall and ceiling systems. The launch forms part of Knauf India’s efforts to expand the availability of specialised building materials in the domestic construction market.Read more

20 Jun 2026

Today Group has launched Nova Ark, a Grade A+ commercial development in Nerul, Navi Mumbai, as part of its strategy to expand its commercial real estate portfolio. Spread across approximately 9.8 lakh sq ft on an 8,100 sq m land parcel, the project will offer office spaces ranging from 650 sq ft to 20,000 sq ft. Positioned within one of Navi Mumbai’s rapidly developing commercial corridors, Nova Ark is expected to benefit from upcoming infrastructure projects including Navi Mumbai International Airport, Metro Line 8, the International Corporate Park and the broader Mumbai 3.0 growth corridor, while catering to corporates, SMEs, startups and investors.Read more

20 Jun 2026

Mumbai-based nutrition company TruNativ has secured approximately USD 30 million in a Series B funding round led by global healthcare investor OrbiMed. The funding comprises a combination of primary capital infusion and secondary share sales by early investors. Founded in 2019, TruNativ plans to utilise the proceeds to strengthen its nationwide distribution network across direct-to-consumer, quick commerce, modern trade, pharmacy and retail channels, while expanding its B2B2C ingredients business. The investment reflects growing investor interest in India’s preventive healthcare and nutrition sector, where consumer demand for science-backed and clean-label products continues to rise. OrbiMed representatives will also join the company’s board as part of the transaction.Read more

20 Jun 2026

The Mumbai Metropolitan Region Development Authority’s (MMRDA) recently launched ‘BKC Weekly Public Transport Day’ has brought renewed attention to last-mile connectivity issues in Bandra-Kurla Complex (BKC), one of Mumbai’s largest commercial districts. While the initiative aims to encourage greater use of public transport and reduce private vehicle dependence, feedback from commuters has highlighted gaps in feeder services, pedestrian connectivity and access between transit stations and workplaces. Industry stakeholders and mobility experts have stated that achieving meaningful shifts towards public transport will require integrated planning that combines mass transit infrastructure with efficient last-mile solutions, multimodal connectivity and commuter-focused mobility systems.Read more

20 Jun 2026

Indian Railways has initiated renovation work on the historic Koilwar Bridge over the Sone river in Bhojpur district, Bihar. The structure, which links Arrah and Patna and carries both rail and road traffic, is being upgraded under the Danapur division of the East Central Railway. Built in 1862 during the British era, the bridge has served as a critical transport corridor for over a century. The ongoing project aims to strengthen its ageing superstructure, replace worn components and ensure safe operations for both rail and road users.Read more

20 Jun 2026

Sudarshan Chemical Industries Ltd has inaugurated its second global head office in Schwalbach am Taunus, near Frankfurt, Germany, following its acquisition of the Heubach Group in March 2025. The nearly 21,000 sq ft office will operate alongside the company's existing global headquarters in Pune and is intended to support collaboration across its integrated global operations. The facility underscores the company's expansion strategy and long-term commitment to the European market.Read more

20 Jun 2026

Punjab-based IIT Ropar's Centre of Excellence ANNAM.AI and US agribusiness company Syngenta have entered into a strategic collaboration to develop AI-powered climate-smart agriculture solutions for India. The Memorandum of Understanding (MoU) was signed during Bharat Innovates 2026 in Nice, France. The partnership aims to create crop health and pest forecasting systems, heat-stress models and AI-driven decision-support tools to help farmers make more informed and resilient agricultural decisions while promoting the adoption of next-generation technologies.Read more

20 Jun 2026

Canada’s housing market recorded a decline in construction activity in May, with housing starts falling 6 percent compared to the previous month. The seasonally adjusted annualised rate dropped to 261,377 units from a revised 278,380 units in April, according to data released by the Canada Mortgage and Housing Corporation. The fall was milder than market expectations, as economists had projected a sharper decline to around 255,000 units. The latest figures indicate that while residential construction is slowing, activity remains above some forecasts, reflecting mixed conditions in the housing sector.Read more

20 Jun 2026

PropTech platform Houssed.com has expanded its operations to 40 cities across India with the addition of seven new markets—Rajkot, Vijayawada, Jodhpur, Mysore, Guwahati, Dehradun and Thiruvananthapuram. The expansion strengthens the company’s presence in emerging Tier-2 and Tier-3 cities, where housing demand is being driven by infrastructure development, employment growth and increasing digital adoption. Houssed currently serves more than 100,000 customers each month and works with a network of over 1,000 verified real estate agents nationwide. The company said the move is aimed at addressing challenges such as limited property inventory visibility, unverified listings and fragmented housing services in smaller cities, while improving access to verified residential properties and local real estate expertise.Read more

20 Jun 2026

Some monuments are remembered for their beauty, while others are remembered for the ideas they introduced. Across different centuries, a select group of Indian landmarks transformed construction techniques, architectural styles, and urban planning. From carving an entire mountain into a temple to designing buildings that naturally cooled themselves, these structures became milestones that influenced generations of architects. This journey explores the monuments that didn't just stand the test of time they changed the way India was built.Read more

20 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Gram Sabha in Nowlur village as part of the ongoing land acquisition process for Amaravati's development. Senior APCRDA officials interacted with farmers and residents, explaining the progress of land pooling, infrastructure development and acquisition procedures. Authorities informed landowners that those included in the acquisition notification still have an opportunity to voluntarily join the Land Pooling Scheme within the prescribed period. APCRDA also assured villagers that concerns related to land, development and civic infrastructure would be examined in line with government policies and planning objectives.Read more

20 Jun 2026

GAP Group has announced the launch of what it describes as Dholera’s first dedicated co-working facility within its Akhilam Township in the Dholera Special Investment Region (SIR), Gujarat. Spread across 4,128.92 square metres in a G+1 structure, the development is located directly opposite the upcoming Tata Semiconductor Fab and is scheduled to become operational by October 2026. Designed as a plug-and-play workspace, the facility aims to support semiconductor companies, vendors, EPC contractors, consultants and project teams establishing operations in the region. The project includes a 400-seat co-working space, conference facilities, food court, executive cabins and training areas. The launch comes amid increasing industrial activity in Dholera, where large-scale manufacturing and infrastructure investments are driving demand for supporting commercial and business infrastructure.Read more

20 Jun 2026

India’s REIT and InvIT market could attract an additional INR 11.6 trillion in investments over the next five years, taking total assets under management (AUM) beyond INR 20 trillion by 2030, according to a report by Avendus Capital. The report highlights growing participation from domestic mutual funds, insurance companies and pension funds, alongside increasing opportunities across infrastructure and real estate sectors. It estimates that domestic institutional investors alone have an incremental investment opportunity of around INR 7 trillion under existing regulatory limits. As India’s REIT and InvIT ecosystem expands across sectors such as office, retail, roads, renewables, transmission and logistics, the asset class is expected to play a larger role in channelising long-term capital into income-generating real estate and infrastructure assets.Read more

20 Jun 2026

GHR Infra has commenced Phase 1 handovers at GHR Callisto, its residential development in Kollur, West Hyderabad, marking a key delivery milestone for the 1,190-apartment project. Spread across 8.3 acres, the IGBC pre-certified Gold-rated development comprises four towers and 11 wings, offering 2, 2.5, 3 and 4 BHK apartments. Apartment sizes start from 1,195 sq. ft., with public pricing for standard units beginning at approximately INR 83 lakh. The project incorporates smart home automation, sustainability features and a 50,000 sq. ft. clubhouse. Located in Hyderabad’s western growth corridor, GHR Callisto benefits from connectivity to the Outer Ring Road and major employment hubs, including the Financial District and Gachibowli. The handover marks the transition of the project from construction to occupancy as homeowners begin preparing their residences for move-in.Read more

20 Jun 2026

The Securities and Exchange Board of India (Sebi) has issued a new framework allowing Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their prescribed fund life under specific circumstances, including pending litigation, regulatory demands and residual operational obligations. The regulator has also introduced an ‘Inoperative Fund’ category for AIFs that have liquidated all investments but continue to hold retained funds or remain registered due to unresolved liabilities. The measures follow regulatory amendments notified in April and are intended to provide operational flexibility during the winding-up process. The framework imposes investor approval requirements, restrictions on fund activities and annual reporting obligations, while also extending similar provisions to Venture Capital Funds registered under earlier regulations.Read more

20 Jun 2026

The Delhi government has cleared 116.6 metric tonnes of waste from Yamuna ghats through a large-scale cleanliness drive conducted across 28 locations under the ‘Maa Yamuna Tat Swachhta Abhiyan’. The campaign brought together more than 15,000 participants, including government officials, civic agencies, resident welfare associations, NGOs and volunteers. The initiative forms part of broader efforts to improve the river’s condition through waste removal, public awareness and community participation, while encouraging citizens to adopt responsible practices to support the long-term rejuvenation of the Yamuna.Read more

20 Jun 2026

Precinct Properties New Zealand announced that it has entered into a partnership with global investment firm PAG through the sale of a 50% interest in Auckland’s PwC Tower for NZD 600 million (USD 349.26 million). The transaction structure includes a deferred payment period of 18 months after settlement and a price adjustment mechanism linked to the five-year swap rate. The company stated that it will continue holding the remaining 50% stake while managing the asset. The deal is expected to be close to book value, with settlement likely in the first half of FY27, along with continued progress on its Downtown development plans.Read more

20 Jun 2026

TRG Group has completed 11 years in the real estate sector, marking a milestone in its expansion across the National Capital Region. The company said its growth has been driven by a focus on transparency, customer-centricity, timely execution and sustainable development. A key part of its portfolio is TRG The Mall, a commercial project designed to integrate retail, entertainment, dining, wellness and business spaces within a single destination. The development has attracted interest from several national and international food and beverage brands and has also seen encouraging investor response to its commercial offerings. As the company enters its next phase of growth, it plans to continue focusing on integrated commercial developments, technology adoption and customer engagement to address evolving market requirements.Read more

20 Jun 2026

Apollo Commercial Real Estate Finance, part of the listed REIT sector focused on commercial property lending, has decided to liquidate its assets and dissolve the company after completing a major portfolio transaction earlier this year. The company had sold its large commercial real estate loan portfolio to Athene Holding, resulting in significant cash inflows and a strategic review of its future operations. Following this, the board approved a dividend of USD 3.75 per share, largely treated as return of capital, to be paid to shareholders on July 15. The move marks the end of its operating structure and transition into wind-down mode.Read more

20 Jun 2026

• The Kerala Maritime Board (KMB) has invited bids for the development of a minor port at Vizhinjam through a public-private partnership (PPP) framework.
• The proposed project is intended to complement the nearby Vizhinjam International Seaport and strengthen Kerala’s maritime infrastructure ecosystem.
• The selected private developer will be responsible for designing, financing, constructing, operating and maintaining the facility under a long-term concession arrangement.
• The initiative forms part of broader efforts to expand port-led development, enhance cargo-handling capabilities and support growing maritime trade along Kerala’s coastline.Read more

20 Jun 2026

Alliance City Developers has commenced the handover of apartments at Alliance Vista, its residential project on Shraddhanand Road in Vile Parle East, Mumbai. The development is approaching the possession stage, with homebuyers completing final formalities before moving into their residences. The project comprises boutique 2 BHK and 4 BHK apartments with RERA carpet areas ranging from 554 sq ft to 1,117 sq ft. The milestone follows the handover of Alliance Eternis in Borivali West earlier in 2026 and reflects the developer’s focus on project delivery and execution. Located in one of Mumbai’s established residential micro-markets, Alliance Vista offers connectivity to key transport corridors, commercial centres and social infrastructure while incorporating lifestyle and recreational amenities within the development.Read more

20 Jun 2026

Real estate industry executives believe the recent US-Iran peace agreement could have a favourable impact on India’s residential property market by reducing global economic uncertainty and easing inflationary pressures. Industry stakeholders said the reopening of the Strait of Hormuz could help stabilise energy and commodity prices, improving the broader macroeconomic environment. Developers expect the development to provide greater flexibility for the Reserve Bank of India (RBI) on interest rates, supporting housing affordability and consumer sentiment. According to industry representatives, improved economic visibility and stable borrowing conditions may encourage first-time buyers, end-users and prospective purchasers who have delayed purchase decisions to re-enter the market, potentially supporting residential sales momentum across housing segments in the coming quarters.Read more

20 Jun 2026

India's wind energy sector is strengthening its manufacturing capabilities and global competitiveness, Union Minister for New and Renewable Energy Pralhad Joshi said while launching the WT-MARUT portal on Global Wind Day. The digital platform will enable end-to-end tracking of wind energy components across the supply chain, improving traceability and compliance. During the event, the minister also released industry reports, honoured key stakeholders and unveiled Suzlon Energy's new S175 (5 MW) wind turbine, designed to enhance energy generation and expand viable wind project locations.Read more

20 Jun 2026

Mumbai’s real estate sector is facing fresh challenges after the Brihanmumbai Municipal Corporation (BMC) suspended water supply to construction sites and imposed a 20% cut on commercial and industrial consumption amid declining reservoir levels. With water stocks in the city’s seven lakes dropping to 10.35% of total capacity, developers have warned that prolonged restrictions could affect construction schedules, increase project costs and impact housing deliveries. Industry stakeholders are urging authorities to facilitate access to treated water, streamline approvals for alternative sources and provide regulatory support to minimise disruption across ongoing projects in Mumbai and the Mumbai Metropolitan Region.Read more

Mumbai News Desk

19 Jun 2026

• A fire that broke out in a residential high-rise in Bandra West resulted in one fatality and injuries to two firefighters.
• The blaze originated on an upper floor of the building, prompting a large-scale emergency response.
• Firefighters carried out rescue and evacuation operations while battling the flames for several hours.
• Authorities have launched an investigation to determine the cause of the incident.
• The tragedy has once again highlighted the importance of fire safety preparedness in Mumbai’s high-rise residential buildings.Read more