5 minutes ago

Al-Mazaya Holding Company has taken another step towards its proposed merger with Waterfront Real Estate after its board approved the fair valuation report prepared by the appointed asset valuer and investment adviser. The board also decided to proceed with the merger by completing the required procedures and taking all necessary actions. The latest development follows the companies' preliminary agreement announced last year to study a merger by amalgamation, with Al-Mazaya expected to remain the merging entity and Waterfront Real Estate the merged company.Read more

35 minutes ago

RITES Ltd. and Container Corporation of India (CONCOR) have signed a Memorandum of Understanding (MoU) to collaborate on Project Management Consultancy (PMC) services for logistics infrastructure projects across India. Under the agreement, RITES will provide end-to-end consultancy services from feasibility studies and detailed project reports to engineering, project supervision, quality assurance and construction management for projects entrusted by CONCOR. The partnership will support the development of multimodal logistics parks, inland container depots, rail-linked terminals, warehouses and allied infrastructure. By combining their expertise, the two Navratna public sector enterprises aim to accelerate project execution, strengthen multimodal connectivity and improve the efficiency of India's logistics network.Read more

1 hour ago

The boards of Power Finance Corporation (PFC) and REC have approved a merger scheme that will create a combined financing entity with a loan book exceeding INR 11 lakh crore, strengthening India's power sector financing ecosystem. Under the approved share exchange ratio, REC shareholders will receive 88 PFC equity shares for every 100 REC shares held, subject to shareholder, creditor and regulatory approvals. The merger is also contingent upon the merged entity continuing to qualify as a Government Company with majority government ownership, and is expected to enhance financing capacity for the country's expanding power and infrastructure sectors.Read more

1 hour ago

• Godrej Properties has acquired a 47-acre land parcel in South Chennai through an outright purchase, expanding its residential development portfolio in one of the city's fastest-growing corridors.
• The project will primarily comprise plotted residential developments with an estimated developable potential of 1.2 million sq ft and a revenue potential of around 500 crore.
• Located off Old Mahabalipuram Road (OMR), the site offers connectivity to major employment hubs, including SIPCOT and the Siruseri IT corridor, along with established social infrastructure.
• The acquisition aligns with Godrej Properties' strategy of expanding in high-growth residential markets by developing well-planned communities in locations driven by infrastructure growth and sustained housing demand.Read more

2 hours ago

The Haryana Department of Town and Country Planning has issued a clarification on amendments to the Haryana Building Code, 2017, explaining the applicability of revised occupation certificate provisions introduced in December 2025. The clarification specifies that the amended norms will apply prospectively and outlines how pending and completed building applications will be treated. The move is intended to ensure uniform implementation of the revised building regulations by planning authorities across the state while providing clarity to property owners and developers.Read more

2 hours ago

ESDS Software Solutions has filed draft papers for an initial public offering (IPO) of up to INR 600 crore, positioning itself to become India's first listed pure-play data centre and cloud infrastructure company. The company plans to use a majority of the proceeds to expand its cloud computing infrastructure and strengthen its data centre network, while supporting growing demand for AI-enabled cloud services. The proposed listing is expected to enhance ESDS' market visibility, accelerate capacity expansion and strengthen its presence in India's rapidly growing digital infrastructure sector.Read more

3 hours ago

The Andhra Pradesh government has approved the construction of a INR 98.68 crore rail over bridge (ROB) at the busy Gunadala railway crossing in Vijayawada to improve traffic flow and enhance commuter safety. The project, to be executed jointly by the state government and Indian Railways, is expected to eliminate long waits at the level crossing and provide seamless connectivity between key parts of the city. Once completed, the ROB is expected to strengthen urban mobility, reduce travel time and support the region's growing transportation needs.Read more

3 hours ago

• NABARD's Rural Credit Market Conditions Survey 2026 found that only around 23% of rural households are aware of credit scores and their role in determining loan eligibility, highlighting a significant financial literacy gap.
• The survey noted that dependence on informal lenders has declined as institutional credit access has expanded, reflecting continued progress in rural financial inclusion across the country.
• High borrowing costs, extensive documentation requirements and limited awareness of financial products remain key barriers preventing rural households from accessing affordable formal credit.
• NABARD has recommended strengthening financial literacy, simplifying lending procedures, improving last-mile banking services and promoting greater awareness of credit scores to make rural credit markets more inclusive and efficient.Read more

4 hours ago

• The Chandigarh Municipal Corporation is preparing to introduce a smart parking system across 89 parking sites, with the proposal awaiting formal approval from the civic House before implementation.
• The project proposes revised parking charges, digital payment options and technology-enabled parking management to improve operational efficiency, optimise space utilisation and reduce congestion at busy public locations.
• Once approved, the Municipal Corporation will invite fresh tenders for operating the parking lots under the revised framework, aiming to modernise urban parking infrastructure, improve commuter convenience and enhance revenue collection through a transparent and technology-driven system.Read more

4 hours ago

• The Municipal Corporation of Delhi (MCD) has completed a pre-monsoon survey of nearly 28 lakh buildings, identifying only 19 structures as dangerous and requiring urgent attention before the rainy season.
• The identified buildings have been spread across different city zones, with civic authorities issuing notices and initiating measures to prevent potential accidents during heavy rainfall.
• The survey has, however, drawn criticism from opposition leaders and residents, who questioned whether several unsafe buildings may have been overlooked despite repeated complaints.
• The MCD has maintained that inspections were carried out across its jurisdiction and stated that further action, including demolition or evacuation where necessary, will be taken in accordance with safety assessments.Read more

Lucknow News Desk

01 Jul 2026

A proposed 60-shop vending zone in a Lucknow Development Authority (LDA) residential colony has triggered protests from local residents, who argue that the project would disrupt the neighbourhood's residential character and worsen traffic congestion. While the Lucknow Municipal Corporation (LMC) maintains that the vending zone is intended to organise street vendors and improve urban management, residents have demanded that the facility be relocated to a more suitable site. The dispute has reignited the broader debate over balancing planned street vending with the interests of established residential communities.Read more

01 Jul 2026

• The Chandigarh Administration has officially permitted the use of eligible residential properties as Bed & Breakfast establishments under a newly notified tourism policy.
• The initiative aims to promote affordable homestay accommodation, strengthen the city's tourism ecosystem and provide homeowners with an additional source of income.
• Only owner-occupied residential properties measuring at least 500 square yards will be eligible, subject to registration and compliance with prescribed conditions.
• Applicants must obtain all required permissions and No Objection Certificates (NOCs) before commencing operations under the policy.Read more

Mumbai News Desk

01 Jul 2026

• The Supreme Court has directed the Brihanmumbai Municipal Corporation (BMC) to consider the master layout plan for the Mumbai Coastal Road Garden and Promenade without violating its earlier order issued in January 2026.
• The Court reiterated that the project must remain accessible to the public and cannot include residential or commercial development for sale or lease.
• The applicant has undertaken that recreational and ticketed access activities will be restricted to a maximum of 15% of the project area.
• The clarification enables BMC to proceed with examining the layout plan while ensuring compliance with the Court's earlier directions.Read more

01 Jul 2026

Serentica Renewables has announced plans to invest INR 1 lakh crore in Rajasthan over the coming years to strengthen its renewable energy footprint in the state. The company has already deployed more than INR 10,000 crore and is expanding its portfolio across key solar hubs, including Bikaner, Jaisalmer and the upcoming Bhadla project. Rajasthan currently contributes more than half of Serentica's total solar portfolio, supporting the company's broader plan to develop a 27,000 MW renewable energy pipeline focused on supplying reliable clean power to energy-intensive industries.Read more

01 Jul 2026

Engineers and construction experts have raised concerns over poor construction practices, weak enforcement of building regulations and unstable ground conditions following the devastating earthquakes in Venezuela that killed at least 1,719 people. They have urged the government to immediately inspect public housing projects that remain standing to prevent further risks. While authorities have announced a commission to evaluate damaged buildings, experts say delayed assessments and long-standing issues in construction quality, maintenance and regulatory oversight may have worsened the disaster's impact.Read more

01 Jul 2026

Bhogapuram International Airport in Andhra Pradesh is likely to be inaugurated by Prime Minister Narendra Modi in the third week of July, with commercial operations expected to begin shortly thereafter. Developed by GMR Group under a public-private partnership model, the greenfield airport has an initial annual capacity of six million passengers. The project will replace civilian operations at Visakhapatnam Airport and strengthen aviation, logistics and regional connectivity across north coastal Andhra Pradesh.Read more

01 Jul 2026

Elevator manufacturer Hybon plans to invest INR 100 crore to expand manufacturing capacity, strengthen talent development and support business growth as it targets a turnover of INR 500 crore within the next three years. The company also expects revenue to grow by 20–25% in FY27, driven by capacity expansion, premium product launches and wider market presence. Alongside the investment, Hybon has entered a collaboration with Italian luxury brand Tonino Lamborghini to introduce premium elevators for residential and hospitality projects.Read more

01 Jul 2026

The West Bengal government has introduced a detailed three-page Standard Operating Procedure (SOP) application format aimed at strengthening oversight of construction projects before work begins. The revised form requires builders and developers to furnish comprehensive information on ownership, project consultants, engineers, contractors, material suppliers and site conditions before obtaining permission to proceed. The move is intended to improve accountability, enhance construction quality and create a more transparent audit trail by documenting the responsibilities of every key stakeholder involved in a project.Read more

01 Jul 2026

Kalpataru Projects International Ltd (KPIL) and its international subsidiaries have secured new orders worth INR 2,957 crore across the transmission and distribution (T&D), buildings and factories, and water business segments. The contracts cover power transmission projects in India and overseas, building and factory developments in India, and a water infrastructure project in the Middle East secured through a joint venture or consortium. The latest order book also marks KPIL's strategic entry into the Middle East water sector. The company said the diversified order inflows strengthen its business pipeline and support its growth outlook for FY26–27 across domestic and international markets.Read more

01 Jul 2026

PSP Swiss Property has sold its Richtipark commercial property in Wallisellen to La Foncière Urban Development for CHF 150 million, prompting the company to raise its 2026 EBITDA guidance. The revised forecast now stands at CHF 335 million, up from CHF 310 million, excluding gains and losses on real estate investments. The company has also agreed on potential earn-out payments of up to CHF 24.75 million in the coming years. Despite the transaction, PSP Swiss Property maintained its year-end 2026 vacancy forecast at 3.5%, indicating confidence in the performance of its remaining real estate portfolio.Read more

01 Jul 2026

CREDAI Karnataka has urged the state government to streamline project approval processes, citing prolonged delays that are affecting housing supply and increasing development costs. The developers' body has proposed time-bound clearances, digitisation of approvals and better coordination among government departments. It said faster approvals would help meet rising housing demand, improve project execution and support investment in the state's real estate sector while reducing regulatory bottlenecks faced by developers.Read more

01 Jul 2026

Union Minister for Road Transport and Highways Nitin Gadkari has reviewed the quality and maintenance of National Highways covering 3,245 km in Jharkhand and 4,026 km in Uttarakhand. The review meetings were conducted following feedback received through media reports and social media platforms. During the discussions, the minister directed officials to expedite maintenance works, strengthen quality monitoring and improve road conditions while ensuring adherence to construction standards. He also instructed agencies to enhance preparedness for the monsoon through drainage management, slope protection, preventive maintenance and rapid response mechanisms to improve commuter safety and the long-term resilience of the national highway network.Read more

01 Jul 2026

WeWork India Management has decided to expand its existing flexible workspace centre at Krishe Emerald in Hyderabad by signing an addendum to its lease agreement. The company said the expansion will require an investment of INR 98 million. The move comes as Hyderabad continues to witness healthy demand for premium flexible office spaces from enterprises, global capability centres (GCCs), startups and technology firms. The expansion is part of WeWork India's broader strategy to strengthen its presence in key commercial markets across the country amid sustained demand for managed workspaces.Read more

Mumbai News Desk

01 Jul 2026

The Bombay High Court has sought a timeline from the Brihanmumbai Municipal Corporation (BMC) to make all Mumbai roads fully motorable and free of potholes and unsafe manholes. Hearing a suo motu public interest litigation, the court questioned delays in installing protective manhole grills, sought details of FIRs over missing and stolen covers, and directed the Thane Municipal Corporation to expedite compensation for pothole-related deaths and injuries. The matter will next be heard on July 6.Read more

01 Jul 2026

Embassy Office Parks REIT has expanded its hospitality portfolio with the opening of a 211-room Hilton Garden Inn at Embassy TechVillage on Bengaluru's Outer Ring Road. The hotel has been developed to cater to the growing accommodation needs of business travellers visiting the integrated office park. The addition strengthens Embassy REIT's hospitality presence while also expanding Hilton's footprint in Bengaluru. Embassy REIT continues to diversify its portfolio beyond office assets with operational hotels, upcoming hospitality projects and renewable energy infrastructure across key commercial markets in India.Read more

01 Jul 2026

Stratus Properties Inc. has completed the sale of the retail component of its Jones Crossing mixed-use development for USD 46.5 million in cash, marking another step in the company's ongoing asset monetisation strategy. The transaction generated approximately USD 21.7 million in pre-tax net cash proceeds after selling costs and repayment of the project loan. The sale is part of Stratus' previously approved plan to liquidate its assets and distribute the net proceeds to shareholders. Jones Crossing is located in College Station, Texas, and is anchored by grocery retailer H-E-B within a mixed-use development.Read more

01 Jul 2026

Proptech platform AllHome has raised INR 200 crore in a Series B funding round at a valuation of INR 2,000 crore. Led by Bessemer Venture Partners, the round also saw participation from Google, Peak XV Partners and India Quotient. The company will use the capital to expand its AI-powered home construction platform, strengthen technology capabilities and scale operations across India. AllHome connects homeowners with architects, contractors, suppliers and financing partners through a digital marketplace.Read more

Vriti Gothi

01 Jul 2026

For decades, Indian investors seeking real estate exposure had little choice but to purchase physical property. Today, listed REITs offer an alternative that combines real estate ownership with stock market liquidity. Yet investors continue to compare REITs not only with property, but also with equities, fixed deposits and debt funds. Each asset class offers a different mix of returns, income, liquidity and risk. With REITs becoming a larger part of India's investment landscape, an important question is emerging: how do they stack up against traditional property ownership, equities and fixed-income investments when it comes to building wealth and generating income?Read more

01 Jul 2026

The Gujarat government has demolished five illegal structures near the Statue of Unity in Ekta Nagar for violating residential land-use conditions. The properties were allegedly linked to serving and retired senior IAS and IPS officers. Authorities said the action followed planning and development norm violations and formed part of an enforcement drive against unauthorised construction around the tourism zone. Officials maintained that action was taken irrespective of the owners' official status to uphold land-use regulations.Read more

01 Jul 2026

Bridgepoint Group is in advanced discussions to acquire Kayne Anderson Real Estate, marking a significant step in the UK-based private capital firm's expansion into the US real estate investment market. While the company has not disclosed financial terms, reports indicate the transaction could strengthen Bridgepoint's presence in property investments and lending by adding a real estate platform with around USD 22 billion in assets under management. The deal is expected to support Bridgepoint's broader strategy of expanding its private markets business through acquisitions, subject to final negotiations and regulatory approvals.Read more

01 Jul 2026

• Telangana State Road Transport Corporation (TGSRTC) has identified 694 vacant commercial spaces across bus stations, depots and commercial complexes for leasing through a transparent tender process.
• The initiative is aimed at monetising underutilised real estate assets while generating a steady stream of non-fare revenue for the state-run transport utility.
• The available properties include shops, offices and commercial units located in high-footfall transit hubs across Telangana.
• TGSRTC expects the programme to improve asset utilisation, create business opportunities for entrepreneurs and enhance passenger amenities at its premises.Read more

Vriti Gothi

01 Jul 2026

One of the most persistent assumptions in real estate is that sustainability comes at a significant cost. From energy-efficient systems and renewable energy installations to green certifications and low-carbon materials, sustainable developments are often perceived as being substantially more expensive than conventional projects. Yet as operating costs rise and occupiers place greater emphasis on environmental performance, developers are increasingly evaluating sustainability through a long-term value lens rather than upfront expenditure alone. The debate is no longer limited to how much green buildings cost to construct, but whether developers can afford not to build them.Read more

01 Jul 2026

• Reliance Industries' entry into the redevelopment of Mumbai's 101-acre Juhu Galli slum cluster has renewed optimism among residents after years of stalled rehabilitation efforts.
• The project is expected to provide more than 28,000 rehabilitation homes while transforming one of Mumbai's largest informal settlements into an integrated urban neighbourhood.
• Despite renewed confidence following the selection of a financially strong developer, residents remain cautious about execution timelines, transit arrangements and timely rehabilitation.
• The redevelopment marks a significant shift in Mumbai's housing sector, with large corporate groups increasingly participating in complex slum renewal projects under Maharashtra's cluster redevelopment policy.Read more

01 Jul 2026

• A major fire broke out at multiple warehouses in Bhiwandi, Maharashtra, leading to extensive damage to storage units containing timber, tyres and other combustible materials.
• Firefighters from several civic bodies were deployed to contain the blaze, with operations continuing for hours due to the intensity of the fire.
• No casualties or injuries were reported, as workers were safely evacuated from the affected premises.
• Authorities have launched an inquiry into the cause of the incident while assessing the extent of property damage at the warehousing hub.Read more

01 Jul 2026

Some cities grow gradually, while others undergo transformations so dramatic that they redefine their identity entirely. Across India, several destinations have evolved from quiet towns, industrial centres and niche cultural hubs into thriving tourism magnets, technology capitals and economic powerhouses. Driven by infrastructure development, changing industries and ambitious urban planning, these cities now attract millions of visitors, professionals and dreamers every year. Here are 10 Indian cities that reinvented themselves and emerged as some of the country's most influential destinations.Read more

01 Jul 2026

Adeer Real Estate Service Company has secured a six-month contract with Al Nubalaa International Real Estate Investment Company to exclusively market and sell the Millennium Hotel in Makkah. The contract is valued at around 10% of Adeer's latest annual revenue and is expected to contribute positively to the company's financial performance once the hotel sale is completed. The agreement adds to a series of recent mandates secured by Adeer in Saudi Arabia's real estate sector, reflecting the company's continued focus on marketing and brokerage services for large-scale property assets.Read more

01 Jul 2026

• The Varanasi–Kolkata Expressway will include wildlife passages at every 100 metres along its stretch through Jharkhand's Chatra district to ensure safe animal movement across forested areas.
• The expressway design incorporates underpasses, box culverts and dedicated crossings to minimise habitat fragmentation and reduce wildlife-vehicle collisions.
• Authorities have also proposed protective measures such as boundary fencing, noise barriers and regulated construction practices to safeguard sensitive ecosystems during execution.
• The project aims to enhance connectivity across eastern India while integrating environmental safeguards into highway planning.Read more

01 Jul 2026

• Hero MotoCorp and WeWork India have leased more than 6 lakh sq ft of office space at Worldmark 6 in Aerocity, New Delhi, in one of the capital's largest recent commercial leasing transactions.
• The leases reinforce Aerocity's position as a preferred business district, driven by modern Grade A office infrastructure and strong connectivity.
• The transactions reflect sustained demand from both corporates and flexible workspace operators for premium office assets despite evolving workplace trends.
• Industry experts believe large-format leasing activity is being supported by business expansion plans and continued confidence in India's commercial real estate market.Read more

01 Jul 2026

The Securities and Exchange Board of India (SEBI) has rejected settlement applications filed by Anil Ambani, Reliance Infrastructure and related entities in an ongoing investigation into the alleged diversion of company funds. The regulator cited the seriousness of the allegations and the existence of parallel investigations by other agencies. The case will now proceed through the regulatory process, where SEBI will determine whether any securities law violations have occurred.Read more

01 Jul 2026

Roadside Real Estate Plc has said it now expects its acquisition of D.A. Roberts Fuels (DAR) to be completed in the third quarter of 2026, extending the timeline announced previously. The acquisition forms part of the company's strategy to expand its roadside retail and energy forecourt business across the UK. DAR operates a high-volume petrol filling station along with a bulk fuel distribution business, and the deal is expected to strengthen Roadside's operating platform while supporting future growth through a larger fuel retail network.Read more

01 Jul 2026

The Karnataka government has inaugurated a 10.7-km signal-free and toll-free arterial road in Bengaluru as part of the Bengaluru Business Corridor project, providing a new east-west connectivity link between Kadabagere Cross and Challaghatta Metro Station. Opened in the past week by Chief Minister D K Shivakumar, the 10-lane corridor has been developed at a cost of INR 631 crore and is expected to reduce travel time between Magadi Road and Mysuru Road from around 60 minutes to 20 minutes. The project includes green boulevards, service roads and a dedicated cycling track, while the state government has also announced a policy to recognise landowners who voluntarily contribute land for public infrastructure projects.Read more

01 Jul 2026

The Goa government has notified 1.03 crore sq m of ecologically sensitive land across seven villages in South Goa's Salcete taluka as a No Development Zone (NDZ) under the Regional Plan. The protected land comprises paddy fields, salt pans and other environmentally sensitive areas intended for conservation amid increasing urbanisation. Announcing the decision during the past week, Town and Country Planning Minister Vishwajit Rane said the notification forms part of the state's ongoing exercise to identify and safeguard fragile ecosystems from development activities. Talaulim accounts for the largest share of the notified area, followed by Majorda, Seraulim, Loutolim, Utorda, Orlim and Calata. The move significantly expands the extent of protected land in one of Goa's fastest-growing regions.Read more

01 Jul 2026

Embassy Developments will invest approximately INR 1,500 crore to develop a 3 million sq ft Grade A office complex in Bengaluru as part of its strategy to expand its commercial real estate portfolio and create recurring rental income. The project forms the first phase of a planned 6 million sq ft office development spread across 35 acres. Managing Director Aditya Virwani said the company expects to complete the first phase over the next three years while continuing to focus on residential development. The announcement comes amid sustained demand for premium office space from Global Capability Centres (GCCs) and multinational occupiers, with the developer also targeting residential project launches worth around INR 20,000 crore during the current financial year.Read more

01 Jul 2026

US-based Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through open market transactions on the National Stock Exchange (NSE). The investment was made through eight Fidelity affiliates, which collectively purchased nearly 1.99 crore shares from promoter entities Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd at an average price of INR 937.85 per share. Following the transaction, the combined shareholding of the promoter and promoter group in the Mumbai-based developer declined to 70.28% from 72.27%. The acquisition comes after Lodha Developers reported higher quarterly earnings and reflects continued institutional investor interest in India's listed real estate companies.Read more

01 Jul 2026

• The Lucknow Development Authority (LDA) has intensified enforcement against private hostels and paying guest accommodations that allegedly violate approved building plans and fire safety norms.
• The action follows a fatal fire in Aliganj, prompting authorities to widen inspections across hostels, coaching centres and other high-occupancy commercial establishments.
• Several hostels have been sealed, leaving students and young professionals scrambling to secure new accommodation on short notice.
• While authorities maintain the drive is necessary to improve public safety, hostel operators and tenants have sought more time to comply with the new requirements before enforcement measures are implemented.Read more

01 Jul 2026

Coworking operators leased a record 8.6 million sq ft of office space across India's seven major cities during the first half of 2026, marking a 32% year-on-year increase, according to a report by Colliers India. The growth outpaced conventional office leasing, which remained largely unchanged at 27.1 million sq ft, taking total gross office absorption to 35.7 million sq ft, up 6% from a year earlier. Flexible workspace providers accounted for 24% of overall leasing activity, with Bengaluru, Delhi-NCR and Hyderabad contributing nearly two-thirds of total demand. The findings indicate that occupiers, including corporates and Global Capability Centres (GCCs), continue to increase their reliance on managed workspaces, driving sustained expansion by flex space operators.Read more

01 Jul 2026

Uttar Pradesh aims to increase its renewable energy generation capacity from around 6,000 MW to 20,000 MW over the next two to three years, Chief Minister Yogi Adityanath announced during the foundation stone laying ceremony of SAEL Industries' solar manufacturing facility in Jewar. The state government also highlighted the rapid adoption of rooftop solar installations under the PM Surya Ghar Yojana, with more than six lakh households generating over 2,000 MW of electricity. The announcement coincided with SAEL's commitment to invest INR 8,200 crore in a solar manufacturing plant that will produce six GW of solar cells and five GW of solar modules annually. The government said the investment would strengthen domestic manufacturing, support employment generation and accelerate Uttar Pradesh's clean energy transition.Read more

01 Jul 2026

Housing sales across India's seven major residential markets declined 6 per cent year-on-year to 90,715 units during the April-June quarter, according to Anarock, as higher property prices and economic uncertainties weighed on buyer sentiment. The consultant attributed the slowdown to geopolitical tensions in the Middle East and uncertainty surrounding employment in the IT and ITeS sectors. While sales weakened in four major cities, Bengaluru, Hyderabad and Kolkata recorded growth. At the same time, developers launched 7 per cent more homes than a year earlier, with average residential prices across the seven cities increasing by 7 per cent. Delhi-NCR registered the highest annual price appreciation at 13 per cent.Read more

01 Jul 2026

Amber Group expects to achieve USD 2 billion in revenue in the near term, supported by strong growth across its electronics, consumer durables, railway and defence businesses. The company, which reported consolidated revenue of INR 12,306.63 crore in FY2025-26, has commenced work on manufacturing facilities worth around INR 6,785 crore at the Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh. The investment includes India's first high-density interconnect (HDI) printed circuit board (PCB) and semiconductor substrate manufacturing facility through a joint venture with Korea Circuit, alongside a large air-conditioner and component manufacturing complex. The projects are expected to strengthen domestic electronics manufacturing, reduce import dependence and support the localisation of critical components.Read more

01 Jul 2026

• The Dharwad District Consumer Disputes Redressal Commission has ruled in favour of a senior citizen whose residential plot remained unregistered despite substantial payment to the developers.
• The commission directed the developers to allot an alternative plot, execute the sale deed within a specified timeframe and compensate the complainant for mental agony and litigation costs.
• The order held that the prolonged delay in registration amounted to a deficiency in service and unfair trade practice by the developers.
• The ruling reinforces consumer protection in real estate transactions by affirming that developers must honour contractual commitments after accepting payments from buyers.Read more