24 minutes ago

Kalpataru Ltd has reported a 6% year-on-year increase in sales bookings to INR 1,329 crore for the first quarter of FY27, supported by sustained demand in the residential market. Customer collections rose 17% to INR 1,365 crore during the April–June period, reflecting improved cash inflows. The Mumbai-based developer also highlighted its expanded project portfolio, comprising 83 completed developments and 31 ongoing and forthcoming projects across key cities. In FY26, the company posted significant growth in both revenue and net profit, indicating stronger operational performance.Read more

54 minutes ago

Cube Highways Trust has secured investment commitments of INR 1,250 crore from strategic investors, including Premji Invest and HDFC Group entities, ahead of its proposed INR 5,000 crore initial public offering (IPO), which will open for subscription on July 22. The issue, comprising an offer for sale (OFS) by existing unitholders, marks the trust's transition from a privately listed to a publicly listed Infrastructure Investment Trust (InvIT). The InvIT owns a portfolio of 27 operational road assets covering 8,754 lane kilometres across 12 states and one Union Territory, with an average residual concession period of 18 years. The trust's assets under management increased to INR 36,842 crore in FY26 following nine acquisitions, reflecting continued expansion of its operational road portfolio.Read more

1 hour ago

Deputy Chief Minister Eknath Shinde has informed the Maharashtra Legislative Assembly that all civic amenities promised under the approved plan have been provided at the Pradhan Mantri Awas Yojana (PMAY-Urban) housing colony in Wathoda, Nagpur. Responding to allegations regarding inadequate infrastructure, poor construction quality and rising crime, the government said the project complies with prescribed standards and independent technical inspections have certified its quality. The clarification came after legislators raised concerns over the availability of roads, drainage, water supply and other public services at the affordable housing project.Read more

1 hour ago

DLF Chairman and Whole-time Director Rajiv Singh received remuneration of INR 44.06 crore during FY26, marking a 20% increase from the previous financial year, according to the company's latest annual report. The rise comes alongside improved financial performance, with the developer reporting marginal growth in consolidated profit and higher total income. Managing Directors Ashok Kumar Tyagi and Devinder Singh also recorded higher remuneration during the year. In his message to shareholders, Singh highlighted DLF's growth prospects, citing India's macroeconomic resilience, continued infrastructure investment and urbanisation as key drivers for the company's future expansion.Read more

2 hours ago

Morrisons is in discussions with multiple parties, including U.S.-based Realty Income, for a real estate financing transaction valued at around USD 803 million. The proposed arrangement is expected to differ from a traditional sale-and-leaseback structure and could instead be backed by a portfolio of the retailer's stores. The move follows the company's earlier efforts to unlock value from its freehold property assets as it continues to streamline operations amid intense competition, changing consumer spending patterns, and rising cost pressures in the UK grocery market.Read more

2 hours ago

Faalcon Concepts Ltd has secured a work order worth INR 101.93 crore from Splendor Information Technology Pvt Ltd for façade works at the Splendor ONYX commercial development in Sector 142, Noida. The three-year contract covers the design, fabrication, supply and installation of aluminium glazing façade systems. The order is valued at more than three times the company's standalone FY26 revenue and is expected to strengthen revenue visibility over the execution period. Between January and July 2026, the company has secured cumulative orders worth around INR 125.9 crore, reinforcing its order book in the commercial infrastructure segment.Read more

3 hours ago

MMM Capital PCL has entered into a sales management (hybrid) agreement with a guaranteed purchase arrangement for a new real estate project with a total value of THB 1.34 billion. The agreement is aimed at supporting the sales and marketing of the project while providing a guaranteed purchase mechanism. Such hybrid sales management models are commonly used by developers to improve sales visibility and reduce inventory-related risks. The company has not disclosed additional details regarding the project's location, development timeline or other commercial terms.Read more

Mumbai News Desk

3 hours ago

The Maharashtra Legislature has passed an amendment to the Maharashtra Housing and Area Development Authority (MHADA) Act to revive the implementation of Section 79A, clearing a major legal hurdle that had stalled the redevelopment of more than 13,000 old and dilapidated cessed buildings in Mumbai. The amendment seeks to restore MHADA's powers to intervene when landlords fail to initiate redevelopment of unsafe structures while enabling occupants to undertake redevelopment with majority consent. The Bill now awaits the Governor's assent and is expected to accelerate long-pending redevelopment projects, improving housing safety for lakhs of residents across Mumbai.Read more

4 hours ago

Knowledge Economic City (KEC) has awarded a construction contract worth SAR 117.6 million to Astra Construction Company for the Riyadh Schools Complex. The contract covers architectural works, mechanical, electrical and plumbing (MEP) installations, and external development works for the project. The construction is scheduled to be completed within 10 months. The latest award adds to KEC's ongoing development activities, with the company continuing to roll out contracts across its mixed-use projects in Saudi Arabia as part of its broader development plans.Read more

4 hours ago

The Karnataka High Court has upheld the uniform property tax regime for five-star hotels within Bengaluru's erstwhile BBMP limits, ruling that luxury hotels constitute a distinct category eligible for a common tax slab irrespective of location. Dismissing petitions challenging the levy, the court held that the classification does not violate Article 14 of the Constitution. The judgment reinforces the civic authority's taxation framework, providing greater legal certainty for municipal revenue collection and reducing the scope for future disputes.Read more

Pune News Desk

5 hours ago

Actor Ranbir Kapoor has acquired a 25.7-acre land parcel in Mulshi near Pune for INR 16.42 crore, marking another addition to his growing real estate portfolio. The transaction, registered on July 10, 2026, attracted stamp duty and registration charges of over INR 1 crore. Located in the rapidly developing Mulshi region, the purchase follows Kapoor's recent investment in Ayodhya, highlighting sustained interest in premium land acquisitions amid rising demand for second homes and long-term real estate investments.Read more

5 hours ago

Shapoorji Pallonji (SP) Group has opened subscriptions for its first US dollar-denominated bond issue, seeking to raise USD 650 million as part of a broader INR 25,500 crore fundraising programme aimed primarily at refinancing existing debt. The three-year bond, issued through Mercury Finance, follows multiple delays linked to uncertainty surrounding the group's investment in Tata Sons. Market sources said easing hedging costs after measures introduced by the Reserve Bank of India to encourage foreign currency inflows helped revive the transaction. The fundraising programme also includes a separate zero-coupon bond issuance through another group entity.Read more

6 hours ago

A Delhi court has cancelled the bail granted to Rahul Chamola, director of Nivas Promoters Pvt Ltd, in a case involving the alleged cheating of homebuyers in a Greater Noida housing project. The court found that Chamola repeatedly violated bail conditions, ignored judicial directions and failed to cooperate fully with the investigation. The prosecution had sought cancellation of his bail, granted in December 2023, citing persistent non-compliance, including failure to appear before the court, non-payment of costs imposed by the judiciary and repeated breaches of investigation requirements. The court held that his conduct constituted sufficient legal grounds to revoke the concession of bail.Read more

6 hours ago

Long before food delivery apps and social media reviews, these cafes and restaurants were serving merchants, soldiers, writers, freedom fighters, and travellers. Spread across India, these colonial-era establishments have survived changing tastes, political upheavals, and decades of urban transformation. Step inside any of them, and you'll find more than just food you'll find a living piece of history.Read more

6 hours ago

Guangzhou R&F Properties has reported contracted sales of RMB 2.37 billion for June 2026, according to its latest operational update. During the month, the company recorded contracted gross floor area (GFA) sales of 679,100 square metres. The disclosure forms part of the developer's regular monthly sales reporting, offering an update on its sales performance and transaction volumes. Guangzhou R&F Properties continues to publish monthly operational data as investors monitor demand trends and sales activity in China's residential property market.Read more

Mumbai News Desk

7 hours ago

Mumbai University has approved plans to establish 12 new skill-based colleges during the 2027–28 academic year, including five institutions in Mumbai, as part of its five-year perspective plan aimed at aligning higher education with industry requirements under the National Education Policy (NEP) 2020. The proposed colleges will offer vocational and employment-oriented programmes tailored to regional economic needs across Mumbai, Thane, Raigad, Ratnagiri, Sindhudurg and Palghar. The initiative seeks to enhance employability, improve access to higher education and strengthen the university's role in developing a skilled workforce for emerging sectors.Read more

7 hours ago

Smartworks Coworking Spaces has expanded its enterprise leasing portfolio by signing a managed office agreement for more than 930 seats in Pune with the Indian subsidiary of a UK-based company. The latest transaction adds to the company's growing list of large corporate mandates as demand for flexible workspaces continues to rise. In recent months, Smartworks has secured several large leasing deals across major cities, reflecting increasing interest from multinational companies seeking managed office solutions in India.Read more

7 hours ago

• The Maharashtra government has suspended 15 Revenue Department officials, including deputy collectors and tehsildars, over alleged irregularities in land record modifications.
• The action follows an official inquiry that identified suspected misuse of legal provisions governing corrections to land records.
• Authorities have ordered departmental proceedings and directed a broader review of similar cases across the state to detect potential irregularities.
• The government has also indicated that amendments to the Maharashtra Land Revenue Code will be considered to strengthen safeguards against future misuse.Read more

8 hours ago

KRP Development Holdings Ltd has announced that one of its subsidiaries has entered into an agreement to acquire the entire equity interest in Holly Trent Investment Holdings. The transaction, valued at RMB 23.8 million, was signed recently and marks the company's latest corporate acquisition. The deal will result in the subsidiary taking full ownership of Holly Trent Investment Holdings upon completion, subject to the agreed terms and conditions. The company has not disclosed additional financial or operational details of the acquisition.Read more

8 hours ago

The Maharashtra government is planning to establish an Urban Challenge Fund to strengthen urban infrastructure and improve governance across cities. The proposed initiative aims to help urban local bodies overcome financial and administrative hurdles by encouraging innovative funding models, including municipal bonds and public-private partnerships. The fund is expected to support projects across 22 focus areas such as digital governance, mobility, redevelopment, water supply and sanitation. Maharashtra is targeting projects worth INR 44,800 crore under the initiative with financial support from the Centre, the state and market-based funding.Read more

9 hours ago

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 1,021 crore as part of its money laundering investigation involving the Reliance Anil Ambani Group.
• The attached properties include land parcels, buildings and other immovable assets allegedly linked to entities under investigation.
• The agency's action follows allegations of financial irregularities and diversion of funds connected to loans obtained from financial institutions.
• The provisional attachment has been carried out under the Prevention of Money Laundering Act (PMLA), with the investigation continuing into the alleged transactions and beneficiary entities.Read more

Mumbai News Desk

9 hours ago

• The Brihanmumbai Municipal Corporation (BMC) has set August 31, 2026, as the deadline for completing the Vidyavihar railway flyover, which is expected to improve east-west connectivity in Mumbai's eastern suburbs.
• Around 80% of the project has been completed, with the remaining works including girder installation, deck slab construction, lighting and safety infrastructure.
• The civic body has also directed contractors to accelerate work on the Mankhurd-Maharashtra Nagar flyover, targeting completion by May 2027.
• Both projects are expected to ease traffic congestion, improve connectivity and reduce travel time for daily commuters.Read more

10 hours ago

L&T Finance reported a strong performance for the June quarter, with consolidated net profit rising 29 per cent year-on-year to INR 902 crore. The company also recorded growth in its loan book, retail disbursements and net interest margin, while asset quality continued to improve. Gross Stage 3 assets declined and credit costs reduced due to stronger collections and the use of artificial intelligence-led tools. Unsecured personal loan disbursements more than doubled during the quarter, reflecting robust demand across retail lending segments.Read more

10 hours ago

• A district court in Maharashtra's Washim has ordered the attachment of an NHAI-operated toll plaza after compensation awarded to landowners in an acquisition case remained unpaid.
• The order follows the National Highways Authority of India's alleged failure to comply with revised compensation directions issued by the competent authority.
• The attachment is intended to facilitate recovery of pending dues owed to affected landowners whose property was acquired for a national highway project.
• The case is being viewed as a significant development in the enforcement of land acquisition compensation orders against public infrastructure agencies.Read more

11 hours ago

Institutional investments in India's real estate sector reached a record USD 4.1 billion during the first half of 2026, registering a 58 per cent year-on-year increase, according to Vestian. The growth was supported by stronger participation from both domestic and foreign investors, particularly during the second quarter. Commercial assets continued to attract the largest share of investments due to sustained demand from Global Capability Centres (GCCs), while investors also diversified into other real estate segments. Industry experts believe improving economic conditions and stronger investor confidence are expected to support continued investment activity.Read more

11 hours ago

Puravankara Ltd reported a strong operational performance for the first quarter, with pre-sales increasing 28% year-on-year and customer collections rising 40% compared to the same period last year. Alongside its sales performance, the company entered into an agreement with ICICI Prudential Asset Management Company for the sale of a commercial property. The transaction values the asset at an enterprise value of INR 6.26 billion. The company has continued to focus on improving cash flows through higher collections while monetising select commercial assets to strengthen its business.Read more

12 hours ago

• The West Bengal government has announced a direct land purchase policy under which it will purchase land directly from willing owners and transfer it to industries, replacing the contentious land acquisition model that triggered disputes in Singur and Nandigram.
• The policy will be accompanied by a single-window clearance mechanism for investment proposals of INR 100 crore and above, aimed at simplifying project approvals and improving the state's ease of doing business.
• The government said the initiative seeks to create a transparent and consent-based framework for industrial land procurement while balancing the interests of landowners and investors.
• Industry associations have welcomed the move, stating that the policy could remove a long-standing hurdle to industrial development and strengthen investor confidence in West Bengal's manufacturing ecosystem.Read more

12 hours ago

Uttar Pradesh Chief Minister Yogi Adityanath reviewed the progress of key development projects, law and order arrangements, and preparations for the upcoming Shravan month in Varanasi. He instructed officials to complete ongoing infrastructure works on time while maintaining quality standards. The review covered the ropeway project, Jal Jeevan Mission works, road restoration, traffic management, sanitation, healthcare, security, and civic facilities for devotees. The Chief Minister also stressed better coordination among departments to ensure smooth execution of development works and uninterrupted public services during the religious season.Read more

Mumbai News Desk

13 hours ago

• A Maharashtra government-appointed committee has submitted an interim report recommending the removal of eight religious structures and the relocation or consolidation of three others in Dharavi Sector 1 as part of the Dharavi Redevelopment Project.
• The recommendations are based on the Supreme Court's September 29, 2009 cut-off date for unauthorised religious structures on public land, with post-cut-off structures proposed for removal.
• The committee has identified 590 religious structures across the redevelopment area and has begun a phase-wise review, having conducted 149 hearings involving trusts, community representatives and government officials.
• The report marks an important step in resolving land-use issues for the Dharavi Redevelopment Project while attempting to balance legal requirements, redevelopment objectives and religious sensitivities.Read more

13 hours ago

• AustralianSuper has committed an additional AUD 500 million to the National Investment and Infrastructure Fund (NIIF), increasing its total investment exposure in India to AUD 3.3 billion.
• The announcement was made during Prime Minister Shri Narendra Modi's visit to Australia and underscores the pension fund's long-term confidence in India's infrastructure and growth prospects.
• The fresh capital will be channelled through NIIF-managed infrastructure investment platforms spanning transport, energy, logistics and urban infrastructure.
• The expanded partnership reflects growing institutional interest in India's infrastructure sector and aligns with NIIF's strategy of attracting global long-term capital.Read more

14 hours ago

• Union Road Transport and Highways Minister Nitin Gadkari has said Gujarat's approach to land acquisition could serve as a model for other states undertaking infrastructure projects.
• He credited the state's administrative mechanisms for helping expedite highway development while reducing disputes during land acquisition.
• Gujarat has introduced measures to curb speculative land transactions along proposed highway alignments during the planning stage.
• The minister also reviewed ongoing national highway projects and urged the state to continue accelerating infrastructure development.Read more

14 hours ago

HFCL has secured an export order worth approximately USD 51.98 million (INR 495.8 crore) from an international data centre company to supply optical fibre cable-based connectivity solutions. The contract, awarded through the company's overseas wholly owned material subsidiary, is scheduled for execution by December 2026. The order follows HFCL's recent launch of its OptiQ AI data centre solutions portfolio and comes as the company expands its optical fibre manufacturing capacity. HFCL also reported a record order book of INR 13,483 crore for its Optical Fibre Cable (OFC) business during the previous financial year, reflecting growing demand for fibre connectivity infrastructure.Read more

15 hours ago

Transparency across the real estate sector is essential to attract long-term investment and support sustainable growth, Uttar Pradesh RERA Chairman Sanjay R. Bhoosreddy said while addressing a real estate conference recently. He highlighted the need to balance the interests of homebuyers and developers, increase the supply of affordable housing, and ensure timely project execution. The conference also saw RERA officials from Delhi, Haryana and Punjab discuss stronger enforcement powers, the use of artificial intelligence for project monitoring, and the importance of protecting homebuyers' interests.Read more

15 hours ago

Union Road Transport and Highways Minister Nitin Gadkari has said the government is conducting hydrogen fuel trials on 10 transport routes across India as part of its efforts to promote cleaner mobility. Speaking at the Prawaas 5.0 and Bharat Prawaas Awards in Gandhinagar, he described hydrogen as the future fuel for the transport sector and highlighted ongoing initiatives in alternative fuels, road safety, electric mobility and bus manufacturing. Gadkari also called for higher domestic bus production, lower charging costs for electric vehicles, faster approvals for bus body manufacturers and greater private investment in bus terminals to strengthen India's public transport ecosystem.Read more

16 hours ago

Flipkart has announced plans to further expand its long-term investments in West Bengal by strengthening its supply chain infrastructure, seller ecosystem and skill development initiatives. The Walmart-owned e-commerce company said the state, which houses its largest fulfilment centre in India at Haringhata, will remain a key part of its growth strategy. The company currently operates more than 300 logistics facilities across West Bengal, supports over 120,000 jobs, and has expanded Flipkart Minutes with 90 micro fulfilment centres. It also continues to support MSMEs, artisans, weavers and farmers through its digital marketplace.Read more

16 hours ago

• Phase-I development works in Amaravati are progressing as scheduled and are expected to be completed by 2027, according to Andhra Pradesh Municipal Administration and Urban Development Minister P. Narayana.
• The review covered government complexes, road infrastructure and Land Pooling Scheme (LPS) layouts, with officials reporting that key projects such as MLA quarters have been completed while several other buildings are nearing completion.
• The state government reiterated its commitment to developing Amaravati as Andhra Pradesh's sole capital, dismissing criticism over project delays and maintaining that construction is progressing according to the approved master plan.
• Amaravati's first phase forms part of a broader capital city development programme involving major administrative buildings, transport infrastructure and civic amenities, with the Centre also supporting the project through approved government office infrastructure.Read more

17 hours ago

India's retail inflation moved up to 4.38% in June from 3.93% in May, according to the latest government data. The increase was largely driven by higher food prices, which pushed food inflation to 5.32% during the month. While headline inflation remained within the Reserve Bank of India's prescribed tolerance band, it rose above the central bank's medium-term target of 4%. The latest figures indicate that food prices continue to have a significant influence on overall consumer inflation across the country.Read more

17 hours ago

Uttar Pradesh showcased its infrastructure-led development strategy at the 16th RAHSTA Expo, with senior government officials highlighting plans to expand the state's expressway network, industrial corridors and digital infrastructure. The state currently has 22 expressways at various stages of planning and development, including nine operational, while the Uttar Pradesh State Industrial Development Authority (UPSIDA) is developing an 8,000-acre industrial land pipeline alongside over 5,000 acres of readily allotable land. National Highways Authority of India (NHAI) officials also outlined the country's highway development roadmap for 2026-27, focusing on technology adoption, digital project planning, asset monetisation and the construction of 5,000 km of national highways.Read more

18 hours ago

The Municipal Corporation of Delhi (MCD) has reaffirmed that the remediation of the Okhla and Bhalswa landfill sites remains on schedule for completion by December 2026, while the Ghazipur landfill is targeted for full clearance by December 2027. Delhi Mayor Pravesh Wahi recently reviewed the progress with Union Home Minister Amit Shah, highlighting advances in biomining, waste processing and land reclamation. The civic body has already reclaimed large portions of the Okhla and Bhalswa sites and plans to convert the recovered land into green spaces and public-use areas once the remediation work is completed.Read more

14 Jul 2026

Heavy rainfall has disrupted road connectivity across Uttarakhand, with 120 roads, including three National Highways, remaining closed due to landslides triggered by the ongoing monsoon. Rescue teams evacuated around 100 stranded pilgrims along the Yamunotri National Highway after a section of the road was washed away. Restoration work is underway across affected corridors, although continuous rainfall has slowed operations. State authorities are constructing temporary diversions and bridges where required while maintaining emergency response measures as adverse weather continues to affect transport infrastructure and pilgrimage routes across the Himalayan state.Read more

14 Jul 2026

India is emerging as one of the key beneficiaries of the global shift in manufacturing as companies diversify supply chains beyond China, according to an Assocham study. The report said India's manufacturing growth has improved significantly since the pandemic, supported by policy reforms, rising investor confidence and infrastructure development. It highlighted that the country's manufacturing growth has moved above the global average, placing India in a stronger position to attract investments. The study also stressed the need to further improve logistics, industrial infrastructure and supplier networks to strengthen India's role in global value chains.Read more

Mumbai News Desk

14 Jul 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to regularise certain residential buildings in Tardeo that have remained without Occupation Certificates (OCs) due to technical and procedural lapses.
• The proposal is expected to benefit residents who have been living in completed buildings for years but have faced difficulties in obtaining civic services, carrying out property transactions and securing financial approvals because of the absence of OCs.
• The measure forms part of Maharashtra's broader initiative to provide a legal pathway for eligible OC-less buildings while holding developers accountable for construction-related violations.
• The proposal will now move through the remaining approval process before implementation, after which eligible housing societies will be able to apply for regularisation under the prescribed framework.Read more

14 Jul 2026

State-owned REC Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Tripura to provide financing of up to INR 15,000 crore for power and renewable energy projects in the state. Signed during the Destination Tripura Business Conclave 2026, the agreements include funding support of up to INR 5,000 crore for renewable energy projects through the Tripura Renewable Energy Development Agency (TREDA) and up to INR 10,000 crore for power infrastructure projects through the Tripura State Electricity Corporation Ltd (TSECL). The partnerships are intended to strengthen the state's electricity network while supporting renewable energy deployment and sustainable infrastructure development.Read more

14 Jul 2026

Singapore's sovereign wealth fund GIC has announced changes to its senior investment leadership team by appointing two new deputy group chief investment officers and naming a new chief investment officer for its Fixed Income & Multi Asset (FIMA) business. The changes expand responsibilities for senior executives across private markets and portfolio management while maintaining the existing reporting structure. Established in 1981, GIC manages Singapore's foreign reserves and has investments across more than 40 countries, covering equities, fixed income, real estate, infrastructure and other asset classes.Read more

14 Jul 2026

• Bihar's Urban Development and Housing Department (UDHD) has sanctioned more than INR 2 crore for a waste management project in Madhubani to strengthen the town's sanitation infrastructure.
• The project will support improvements in waste collection, transportation, processing and scientific disposal of municipal solid waste.
• The initiative forms part of the state's efforts to enhance urban cleanliness and improve municipal waste management systems.
• Officials expect the investment to strengthen civic services while promoting cleaner and more sustainable urban development in Madhubani.Read more

14 Jul 2026

Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure, has signed a debt restructuring agreement with National Asset Reconstruction Company Limited (NARCL), reducing its debt by over INR 1,100 crore. The restructuring is expected to lead to the withdrawal of insolvency proceedings against the company. MMOPL, which operates Mumbai Metro Line-1, aims to strengthen its financial position while ensuring uninterrupted metro services. The agreement is valued at INR 2,771.32 crore and marks a key step in resolving the company's long-pending debt obligations.Read more

Mumbai News Desk

14 Jul 2026

Mumbai's long-awaited Dindoshi–Film City flyover is expected to open by September 2026, providing a direct elevated link between the Western Express Highway and Film City Road. The 1.2-km flyover, built at a cost of around INR 100 crore, is expected to significantly reduce congestion at the Dindoshi junction and improve connectivity to Goregaon East, Film City and surrounding areas. Authorities believe the project will ease travel for commuters while strengthening access to key residential and commercial hubs.Read more

Delhi News Desk

14 Jul 2026

Flexible workspace provider Executive Centre India has leased around 1.14 lakh sq ft of premium office space at Worldmark 3 in Delhi's Aerocity from Bharti Real Estate for nine years. The lease, valued at approximately INR 309 crore over its tenure, marks one of the largest flex-space transactions in the National Capital Region this year. The deal reflects sustained demand for premium managed office spaces from enterprises and multinational companies while reinforcing Aerocity's position as a preferred commercial hub.Read more

14 Jul 2026

Swedish Logistic Property (SLP) has extended an existing lease in Linkoping by eight years while also increasing the leased area by approximately 2,600 square metres. The lease will now remain valid until the end of 2037. The expansion is expected to raise the property's annual rental value to around SEK 11.2 million from an additional SEK 2.9 million. SLP will invest about SEK 44 million in the project, with the investment being financed through internal funds, reflecting the company's continued focus on strengthening its logistics property portfolio.Read more

14 Jul 2026

The Supreme Court has expressed serious concern over unauthorised constructions in Delhi-NCR and recent fatal fire incidents in Delhi and Lucknow, directing civic authorities to ensure strict compliance with its earlier orders. During a hearing held earlier this week, the court warned that senior officials of municipal bodies could face personal consequences and contempt proceedings if they failed to act against illegal structures. The bench also ordered immediate action in vulnerable areas, appointed a committee comprising IIT professors and Municipal Corporation of Delhi (MCD) officials to conduct ground surveys, and sought accountability from Gurugram civic authorities over reports of widespread non-compliance with fire safety norms.Read more