6 minutes ago

• The National Capital Region Transport Corporation (NCRTC) has begun preparing a Detailed Project Report (DPR) for a proposed Regional Rapid Transit System (RRTS) corridor linking Ghaziabad with Noida International Airport at Jewar.
• The proposed high-speed transit corridor aims to significantly reduce travel time between Ghaziabad, Noida, Greater Noida and the upcoming airport, while strengthening regional connectivity across the National Capital Region.
• The DPR will assess the project's alignment, station locations, technical feasibility, passenger demand, costs and implementation strategy before it is taken up for approvals.
• The proposed corridor forms part of broader efforts to expand the NCR's rapid transit network and improve multimodal connectivity to the greenfield airport ahead of its phased operational rollout.Read more

36 minutes ago

• MMR recorded 17,148 residential sales priced below INR 50 lakh in the first half of 2026, while Mumbai city saw only 23 apartment sales in the ultra-luxury segment priced above INR 50 crore, according to Knight Frank India's H1 2026 report.
• The findings highlight the region's dual-speed housing market, where affordable homes continue to dominate transaction volumes despite growing interest in premium and luxury residential developments.
• Affordable housing demand remained concentrated in emerging MMR markets such as Thane, Navi Mumbai, Kalyan-Dombivli and Panvel, driven by end-user demand, improved infrastructure and relatively lower property prices.
• The report also indicates that while luxury housing contributes significantly to market value, affordable and mid-income homes continue to underpin overall residential sales, reflecting the sustained demand from first-time buyers and middle-income households.Read more

1 hour ago

Japanese conglomerate Mitsubishi has expressed interest in establishing a semiconductor manufacturing plant in West Bengal, marking a potential boost for the state's advanced manufacturing ambitions. The proposed facility could be located in Durgapur or Panagarh, with further discussions scheduled later this month. The state government said it is preparing a new industrial policy and incentive framework to attract investments in semiconductors, artificial intelligence, data centres and other sunrise sectors while positioning West Bengal as eastern India's preferred investment destination.Read more

1 hour ago

The Leela Palaces, Hotels and Resorts has unveiled The Leela Coorg Forest Sanctuary as the new identity for its recently acquired luxury retreat in Coorg, Karnataka. Spread across a 76-acre estate comprising ancient forests and coffee plantations in the Western Ghats, the property has been repositioned as a nature-led luxury destination. The retreat features 71 villas, a 27,000 sq ft wellness centre, multiple dining venues and curated outdoor experiences. The rebranding forms part of The Leela's portfolio expansion as it marks four decades in the hospitality sector and strengthens its presence in India's luxury leisure market.Read more

2 hours ago

UK housebuilder Vistry expects a stronger second half of the year despite forecasting a first-half pre-tax loss of GBP 30 million (USD 40 million). The company has outlined a strategic overhaul led by Chief Executive Adam Daniels, focusing on cost reductions, lower land purchases, a smaller regional footprint and the discontinuation of part-exchange operations to improve profitability and reduce debt. While first-half completions declined to around 6,100 homes due to delays in partner-funded developments, Vistry maintained its full-year adjusted profit guidance of GBP 200 million. The builder also expects to end the year with net cash exceeding GBP 100 million, supported by higher open-market sales, investment partner projects, government affordable housing grants and the impact of its restructuring programme.Read more

2 hours ago

A Delhi court has ruled that the Enforcement Directorate (ED) cannot treat summons served at the Delhi residence of real estate businessman Amit Katyal as valid service on his son, Krishan Katyal, who is a foreign national residing overseas. In its order issued earlier this week, the court held that the agency must follow the prescribed legal procedure for serving notices on individuals living abroad. The case forms part of the ED’s money laundering investigation into alleged homebuyer fraud linked to the Krrish Florence Estate project in Gurugram’s Sector 70. The ruling clarifies that Krishan Katyal is neither an accused in the predicate offence nor in the money laundering case currently under investigation.Read more

3 hours ago

A section of an under-construction flyover on the Nagpur–Kolhapur National Highway at Vishnupuri, on the outskirts of Nanded, Maharashtra, collapsed on Thursday, injuring two college students. The incident occurred near Shri Guru Gobind Singhji Institute of Engineering and Technology when a concrete slab fell from the structure. Authorities secured the site, diverted traffic and launched a technical investigation into the collapse. The inquiry will assess construction quality, structural integrity and safety compliance before work on the highway flyover project resumes.Read more

3 hours ago

India’s global capability centre (GCC) ecosystem continues to expand rapidly, with Tier 2 cities expected to play a bigger role as companies look beyond traditional metro locations. According to the Ministry of Electronics and Information Technology (MeitY), India now hosts more than 2,100 GCCs, generating nearly USD 98.4 billion in revenue and employing 2.36 million professionals. Industry experts said lower operating costs, better employee retention and a growing talent pool are making emerging cities more attractive, although stronger technology ecosystems, infrastructure and policy support will be essential to sustain future growth.Read more

Mumbai News Desk

4 hours ago

• A Brihanmumbai Electric Supply and Transport (BEST) bus rammed into 14 vehicles on S.V. Road near the Andheri subway on Friday afternoon, leaving six to eight people injured.
• The accident occurred at around 4.15 pm when the bus, operating on Route 242 between Millat Nagar and Andheri Bus Station (West), was taking a right turn from Caesar Road.
• The injured were rushed to nearby hospitals, while police and civic authorities launched an investigation into the cause of the accident.
• The incident is the second major accident involving a wet lease BEST bus, where the vehicle is operated and maintained by a private contractor while running under the BEST network.Read more

4 hours ago

Rustomjee has introduced a limited-period payment plan that allows homebuyers to book select residential properties by paying only 10% of the property's value upfront. The offer is aimed at first-time buyers, young professionals, families, investors, NRIs and high-net-worth individuals by reducing the initial financial burden. The developer said the remaining payment can be made closer to project completion, giving buyers greater flexibility in planning their finances. The initiative is available across select projects and is intended to make homeownership more financially convenient.Read more

5 hours ago

At least 28 people were killed after a fire broke out at a footwear manufacturing factory in Jinjiang, Fujian province, in southeastern China. The blaze, which erupted around midday earlier this week, engulfed the multi-storey building and trapped several workers on the rooftop as thick smoke spread through the premises. Of the 239 people present at the factory, 213 were evacuated, while 26 workers initially reported missing were later confirmed dead. Chinese President Xi Jinping called for an all-out rescue effort, a swift investigation into the cause of the incident and strict accountability for those found responsible. Company personnel have been detained and the firm's bank accounts frozen.Read more

5 hours ago

Food Square has expanded its retail footprint with the launch of a 9,000 sq ft gourmet food and lifestyle store on Sindhu Bhavan Road in Ahmedabad. The new outlet marks the company's first expansion outside Mumbai and brings together international grocery products, fresh produce, in-house dining, gifting services and experiential retail under one roof. The store features imported gourmet products, artisanal bakery offerings, curated cheese selections and personalised gifting solutions. Food Square said the expansion reflects Ahmedabad's growing premium consumption market and forms part of its broader strategy to extend its experiential food retail concept to cities across India.Read more

6 hours ago

Housing sales across India's eight major residential markets rose marginally by 0.7% to 171,471 units during January-June 2026, indicating a phase of market stabilisation following four years of post-pandemic growth, according to Knight Frank India. Premium homes priced above INR 1 crore accounted for 54% of total sales, while the combined share of affordable and mid-income housing fell to 46%. Affordable home sales declined 15% year-on-year, reflecting constrained supply in the lower price segments. Fresh residential launches increased 4% to 187,350 units, supported by continued developer activity. Among the eight cities tracked, Delhi-NCR was the only market to register a decline in sales, while demand remained resilient elsewhere despite moderating growth across the broader housing sector.Read more

Mumbai News Desk

6 hours ago

A 34-year-old construction worker died after falling from the 22nd floor of an under-construction Slum Rehabilitation Authority (SRA) residential tower in Wadala, Mumbai. The incident occurred while terrace work was underway on a building where possession had already been handed over to several occupants. RAK Marg police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding the fatal fall, including whether prescribed workplace safety measures and construction protocols were followed.Read more

7 hours ago

Modon Holding and ADIB have introduced Abu Dhabi’s first off-plan home financing solution, allowing eligible buyers to secure financing of up to 75% for off-plan residential properties. The financing option will initially be available only for future Modon developments. Under the payment structure, buyers will pay 15% during the construction phase, while the remaining 5–10% will be payable at the time of handover. The initiative is aimed at improving access to home financing and supporting homebuyers purchasing under-construction properties in Abu Dhabi.Read more

7 hours ago

• The Centre is preparing to invite bids for select national highway projects under a new toll-cum-annuity model aimed at reviving private participation in road development.
• The proposed framework combines features of the traditional Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM), while providing upfront government support for financially challenging projects.
• Officials believe the revised concession structure will improve project bankability, optimise risk allocation and attract long-term infrastructure investors.
• The model is expected to form part of a revised Model Concession Agreement (MCA) currently being finalised by the Ministry of Road Transport and Highways.Read more

8 hours ago

GMR Airports has announced a multi-phase expansion plan for Dr. Babasaheb Ambedkar International Airport in Nagpur, beginning with an initial investment of around INR 300 crore. The first phase will modernise the existing terminal over the next 12–18 months, while subsequent phases will add a new integrated terminal, second runway, cargo infrastructure and Aerocity development. The long-term roadmap aims to increase the airport's annual passenger handling capacity from 3 million to 30 million, with scope for further expansion.Read more

8 hours ago

Fletcher Building has raised its operating earnings guidance for FY26 after stronger-than-expected performance in its manufacturing and distribution businesses. The revised outlook pushed the company's shares to a four-month high during early trading. While improved sales volumes and expected earnings from surplus property sales supported the upgrade, the company cautioned that higher input costs and economic uncertainty could affect recovery in FY27. It also highlighted delays and cancellations of new commercial projects amid rising inflationary pressures and increasing borrowing costs in New Zealand.Read more

8 hours ago

The Central government has reaffirmed its commitment to completing the Delhi-Mumbai Expressway within the next two years, with around 75-80 per cent of the corridor already finished. During his visit to Kota, Union Road Transport and Highways Minister Nitin Gadkari also announced multiple highway projects, including the Mukundara Bypass, a new expressway spur connecting Kota, and the proposed Atal Express Highway. He said the projects would improve connectivity, attract industries and logistics investments, and support economic development across Rajasthan and neighbouring regions.Read more

9 hours ago

Kashmir's heritage extends beyond its monuments to landscapes where history, culture and nature converge. From Srinagar's Mughal gardens and historic neighbourhoods to ancient temple complexes and mountain destinations, these corridors continue to define the Valley's identity. During FY2025-26, road upgrades, tunnel projects, Smart City works, heritage restoration and tourism infrastructure improvements enhanced connectivity and public access, reinforcing the role of these destinations in preserving Kashmir's cultural legacy while supporting sustainable tourism.Read more

9 hours ago

The Centre has urged Global Capability Centres (GCCs) to strengthen investments in skilling, capability development and innovation as artificial intelligence (AI) reshapes business models and workplace requirements. Speaking at the CII GCC Summit in New Delhi in the past week, Chief Economic Adviser (CEA) V. Anantha Nageswaran said the government has introduced policy measures to support the sector, including a simplified transfer pricing safe harbour regime and a framework to encourage GCC expansion into tier-II and tier-III cities. He cautioned that AI is likely to replace routine, repetitive and rule-based tasks, making it essential for businesses to move beyond low-cost execution towards higher-value capabilities. He added that India's long-term competitiveness would depend on continuous innovation, skilled talent and stronger government-industry collaboration.Read more

9 hours ago

Tamil Nadu has secured another major clean energy investment with Vikram Solar signing an agreement to establish a Battery Energy Storage Systems (BESS) manufacturing plant at SIPCOT Industrial Park in Gangaikondan, Tirunelveli district. The INR 15,037 crore project is expected to generate 2,670 direct and indirect jobs while strengthening the state's renewable energy manufacturing ecosystem. The investment builds on Vikram Solar's existing manufacturing footprint in Tamil Nadu and reflects the state's continued focus on attracting large-scale green energy and advanced manufacturing projects.Read more

10 hours ago

• WSB Partners has invested INR 75 crore in Sowparnika Projects, reinforcing its strategic partnership with the Bengaluru-based real estate developer.
• The fresh capital will be utilised to support the company's ongoing and upcoming residential projects, strengthen execution capabilities, and fund land acquisitions across key southern Indian markets.
• The investment reflects growing institutional confidence in Sowparnika's affordable and mid-income housing portfolio, as well as the sustained demand for residential real estate in Karnataka, Kerala and Tamil Nadu.
• The funding also highlights the increasing role of alternative investment firms in financing Indian real estate developers, enabling them to expand their project pipeline while reducing reliance on conventional funding sources.Read more

10 hours ago

• A citizens' group in Cuncolim, Goa, has urged the state government to temporarily suspend the NAKSHA land verification survey, citing concerns over its implementation and possible impact on ancestral land ownership.
• Residents fear that inaccuracies in the verification process could push long-held family properties into legal disputes, particularly where ownership records are incomplete or inheritance claims remain unresolved.
• The group has demanded greater transparency, public consultation and legal safeguards before the survey proceeds, arguing that landowners require clarity on the verification methodology and grievance redressal mechanisms.
• State authorities have maintained that the NAKSHA initiative aims to modernise land records and improve property documentation, but local opposition has highlighted the need to address public concerns before the exercise is expanded.Read more

11 hours ago

Thailand's Board of Investment (BOI) has approved new investment proposals worth USD 1.99 billion, with projects led by Nestlé, Thai Airways, Japan's Datasection Inc. and South Korea's Donsan Group. Announced in the past week, the approvals include USD 688.7 million for Nestlé's coffee production expansion in Samut Prakan, USD 430.2 million for Thai Airways to lease eight aircraft, and USD 235.2 million for high-performance GPU server infrastructure in Bangkok and Pathum Thani. South Korea's Donsan Group will also invest USD 180.2 million to manufacture copper-clad laminate and prepreg for printed circuit boards. The investments span food manufacturing, aviation, digital infrastructure and electronics, reflecting Thailand's continued efforts to attract large-scale industrial investment.Read more

11 hours ago

A citizen-led sanitation initiative in Pathankot, Punjab, has installed 25 portable public toilets across key market areas through a collaborative model involving local traders' associations. Led by educator and public interest worker Srijal Gupta, the "Shahar Zinda Karo" campaign transfers responsibility for the maintenance of each toilet to the respective market association after installation, promoting community ownership of civic infrastructure. The latest unit has been installed at Gurjeet Market, where a local trader has volunteered to oversee its upkeep. The initiative forms part of the broader #MuskurahatWalaPathankot campaign, which focuses on sanitation, public health and civic participation. Organisers are also preparing a city-wide cleanliness drive next month that will include a volunteer march and the distribution of dustbins to shopkeepers as part of efforts to improve public hygiene across the border district.Read more

12 hours ago

• The Maharashtra government has ordered a three-month statewide inquiry into land owned by churches and Christian missionary institutions to examine transfers carried out after Independence.
• A high-level committee will review ownership records, historical grants and subsequent transactions, with particular attention to allegations of irregular land transfers.
• The probe also seeks to resolve the long-pending Nashik Diocesan Trust land dispute affecting thousands of families.
• Officials say the exercise is intended to establish factual ownership through official records before deciding on any legal or administrative action.Read more

12 hours ago

Radisson Hotel Group has strengthened its India expansion strategy by signing 18 new hotels during the first half of 2026, adding more than 2,000 rooms to its development pipeline. The company also unveiled its Vision 2030 plan, which aims to expand its portfolio to 500 hotels across the country over the next five years. With branded hotel demand continuing to rise, Radisson is focusing on emerging cities, leisure destinations and spiritual tourism markets while increasing its presence across India's fast-growing hospitality sector.Read more

13 hours ago

Exsim Hospitality Bhd has secured a new contract through one of its subsidiaries for interior design works. The unit has accepted a letter of award from Cosmopolitan Avenue for a project valued at RGT 63.5 million. The latest order is expected to strengthen the company's order book and support its ongoing business activities. Exsim Hospitality has been actively involved in hospitality-related projects, with interior fit-out and design works forming an important part of its operations alongside its broader construction and property-related business.Read more

13 hours ago

• The Ministry of Housing and Urban Affairs has notified the National Capital Region Planning Board (Amendment) Rules, 2025, introducing changes to the process of nominating representatives to the NCR Planning Board.
• The amendments revise the rules governing the nomination of representatives from participating states and local authorities, while also updating procedures related to the appointment of substitute members.
• The revised provisions seek to improve administrative efficiency and ensure continuity in the functioning of the Board by clearly defining nomination and representation procedures.
• The amended rules have come into force from the date of their publication in the Gazette of India.Read more

14 hours ago

The Gujarat government has launched the Viksit Gujarat Data Centre Policy 2026-29, aiming to establish the state as India's leading destination for data centres, artificial intelligence and digital infrastructure. Announced in the past week, the policy targets 7.5 GW of data centre capacity and has already attracted interest from 14 hyperscale investors, with the state expecting investments exceeding INR 6 lakh crore in the first phase. Dholera has been identified as the principal development hub, with plans for a large-scale data centre cluster supported by fiscal incentives, infrastructure support and sustainability requirements. The policy mandates that at least 51% of operational electricity must be sourced from renewable energy and requires captive desalination for water supply. Eligible projects will receive capital, interest and power tariff subsidies alongside exemptions on stamp duty, electricity duty and other state levies.Read more

14 hours ago

Twenty-four organisations across India's road construction, infrastructure, equipment manufacturing and technology sectors were recognised at the RAHSTA Awards 2026, held alongside the 16th RAHSTA Expo in Mumbai. Speaking at the event in the past week, Union Minister of State for Road Transport and Highways Ajay Tamta said technology is becoming central to highway development but stressed that engineering solutions must be adapted to local terrain and environmental conditions. The awards honoured companies and public agencies for achievements in highway construction, bridge and tunnel execution, road safety, sustainable materials, smart transport systems and project delivery. Major winners included Ceigall India, Welspun Enterprises, J. Kumar Infraprojects, Rajpath Infracon, GHV Infra Projects, Tata Hitachi, Tata Steel, Border Roads Organisation and Cube Highways, highlighting innovation and execution across the transport infrastructure sector.Read more

15 hours ago

The Municipal Corporation of Delhi's (MCD) property regularisation drive for unauthorised colonies has attracted only five applications in more than two months, despite over 40,000 beneficiaries under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) being eligible to apply. Officials attribute the poor response primarily to the high cost of regularisation, with charges for a 100 sq m plot ranging between INR 3 lakh and INR 5.4 lakh, and the absence of a statutory deadline for completing the process. The MCD has initiated discussions with the Delhi government and the Delhi Development Authority (DDA) to explore reducing the charges. The civic body has also undertaken awareness campaigns and empanelled architects to assist applicants with documentation and building plan approvals.Read more

15 hours ago

Premier Energies has commissioned a 5.6 GW solar module manufacturing facility at Seetharampur in Telangana, taking its total solar module production capacity to 11.1 GW. Announced in the past week, the facility forms part of the company's INR 12,500 crore capital expenditure programme aimed at expanding manufacturing capabilities and diversifying into new clean energy businesses. The company also conducted the ground-breaking ceremony for a 6 GWh Battery Energy Storage System (BESS) manufacturing facility and an 18,000 metric tonnes per annum aluminium frames plant. These projects are expected to strengthen Premier Energies' integrated manufacturing ecosystem and domestic supply chain. Separately, the company reported securing INR 3,011 crore worth of orders during the first quarter of FY27 for the supply of solar cells and modules.Read more

16 hours ago

The Assam government has set a target of completing two lakh houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) within the next 100 days, according to Panchayat and Rural Development Minister Atul Bora. Responding to a query in the State Assembly in the past week, the minister said that 22 lakh houses have been constructed across the state under the rural housing scheme since 2016. He also assured that allegations relating to irregularities in the geo-tagging of houses would be examined by the department. The government further said that a survey covering 34,99,144 houses was conducted during 2025–26 and that the preparation of the final list of eligible beneficiaries is underway in accordance with PMAY-G guidelines.Read more

16 hours ago

Indonesia expects its proposed international financial centre to attract investments of between IDR 300 trillion and IDR 500 trillion (USD 16.7 billion–USD 27.8 billion), according to a senior Finance Ministry official. Announced in the past week, the project is intended to encourage the establishment of new foreign bank branches and business entities, although the location of the financial hub has yet to be finalised. The Indonesian government is currently deliberating legislation that will govern the project, including its legal framework and tax incentives. Proposals under discussion include full corporate income tax exemptions for eligible businesses and value-added tax (VAT) exemptions on goods and services within the financial centre, as the government seeks to strengthen Indonesia's position as a regional financial hub.Read more

17 hours ago

The Supreme Court has ruled that the merger of a tenant bank with another bank does not protect the successor bank from eviction under the Delhi Rent Control Act if the landlord's written consent was not obtained. The verdict ends a legal dispute that began in 1987 over a commercial property in Delhi's Connaught Circus. The court directed Punjab National Bank to vacate the premises by January 31, 2027, holding that the RBI-backed merger of Hindustan Commercial Bank with PNB did not override the provisions of the Delhi Rent Control Act.Read more

17 hours ago

The Delhi government has introduced stricter procedures for registering General Power of Attorney (GPA) documents to prevent stamp duty evasion in property transactions. Chief Minister Rekha Gupta has directed that every GPA executed in favour of non-blood relatives must be referred to the Collector of Stamps for adjudication before registration. The measure aims to prevent the misuse of GPAs to avoid payment of stamp duty on conveyance deeds and curb irregularities in property registrations. Sub-registrars have also been instructed to scrutinise all GPA documents for provisions relating to monetary consideration, transfer of possession and ownership rights. The government has warned of disciplinary action against officials found registering GPAs involving monetary transactions in violation of the new directions.Read more

18 hours ago

The National Green Tribunal (NGT) has issued notices to the Commission for Air Quality Management (CAQM), the Haryana State Pollution Control Board and Uttar Haryana Bijli Vitran Nigam Ltd. after a Haryana-based construction company challenged a closure notice issued against it. The appeal, filed by Ramakrishna Buildwell Pvt Ltd, concerns a CAQM order issued earlier this year. The company had previously approached the Punjab and Haryana High Court, which granted temporary protection against electricity disconnection before the petition was withdrawn. With the interim relief having expired and the power connection subsequently disconnected, the NGT has directed the respondents to submit their replies within two weeks and listed the matter for further hearing on August 11.Read more

18 hours ago

Uttar Pradesh Chief Minister Yogi Adityanath distributed approval letters under the Mukhyamantri Awas Yojana and other welfare benefits to more than 1,000 beneficiaries during a public programme in Pratapgarh. The initiative included housing assistance, financial support and welfare scheme benefits aimed at improving living standards for economically weaker sections. The Chief Minister said the state government remains focused on expanding affordable housing and ensuring that eligible families receive assistance through transparent and timely implementation of welfare programmes.Read more

19 hours ago

The Municipal Corporation of Delhi (MCD) is set to launch a pilot project using drones and advanced geospatial technologies to improve property tax assessment and identify unassessed or under-assessed properties. The initiative follows memorandums of understanding signed with four agencies under the civic body's Pilot Drone-based Geospatial Survey and Digital Twin Initiative. The agencies will independently conduct surveys using drone imagery, LiDAR, GIS-based asset mapping, digital twin technology, 3D city modelling and advanced data analytics, with no financial expenditure by the MCD on the pilot. The exercise is intended to strengthen property records, reduce revenue leakages and support urban planning. Based on the outcome, the civic body may consider extending the technology-driven survey across Delhi.Read more

19 hours ago

Rajesh Power Services Ltd has secured turnkey contracts worth INR 653.12 crore from Paschim Gujarat Vij Company Ltd (PGVCL) for underground power distribution projects across four districts in Gujarat. Announced in the past week, the contracts involve converting existing 11 kV high-tension (HT) and low-tension (LT) overhead electricity networks into underground cable systems with ring main infrastructure, supported by GIS mapping and asset tagging. The projects will be executed in the Bhavnagar, Anjar, Junagadh and Porbandar circles under PGVCL's distribution network. The company said the order reinforces its position in the power transmission and distribution sector, where it undertakes engineering, procurement and construction (EPC) projects for electricity infrastructure.Read more

Pune News Desk

20 hours ago

The Pune Municipal Corporation (PMC) has issued a notice to a housing society in Bavdhan after inspections found the absence of a planned stormwater drainage system, following complaints of severe waterlogging during heavy rainfall. Residents alleged that the developer failed to construct the required drainage infrastructure, resulting in recurring flooding outside the society. PMC has directed the society and developer to respond while examining responsibility for the missing infrastructure and measures needed to prevent future monsoon-related flooding.Read more

20 hours ago

Gujarat-based Solex Energy has secured a solar module supply order worth INR 628.37 crore from an international renewable energy group with operations across multiple countries. Announced in the past week, the contract covers the supply of N-Type TOPCon G12R glass-to-glass solar photovoltaic (PV) modules with power ratings of 615 Wp and 620 Wp. The order value includes all applicable duties and taxes. The latest contract strengthens Solex Energy's order book as demand for high-efficiency solar modules continues to grow in domestic and international renewable energy markets. The company is one of India's established manufacturers of solar PV modules, with manufacturing operations based in Gujarat.Read more

21 hours ago

The Delhi Development Authority (DDA) has invited developer entities to participate in projects under its revised Transit-Oriented Development (TOD) policy, introducing a single-window approval mechanism to simplify clearances. The initiative, announced in the past week, covers land within a 500-metre stretch on either side of metro corridors and a 500-metre radius around rapid rail stations, opening nearly 207 sq km for planned mixed-use development. Developers will submit applications through the DDA's Online Building Permission System (OBPS), with approvals processed by the TOD Committee. The policy aims to promote planned urban development, expand affordable housing, improve metro ridership and enable coordinated growth alongside existing and upcoming metro corridors across Delhi.Read more

12 Jul 2026

The Ladakh administration has approved an interim land-use regulatory framework permitting residential, commercial, industrial and mixed-use development on plots of up to two kanals within Municipal Committee limits without prior approval. Lieutenant Governor V K Saxena approved the framework in the past week to address regulatory uncertainty arising from the absence of notified Master Plans and Zonal Development Plans in the Union Territory. While easing building permissions for permissible activities, the framework continues to prohibit specified Red and Orange category industries, slaughterhouses, commercial animal rearing, stone quarries, storage of inflammable materials and burial grounds or crematoria in designated areas without prior approval. The interim measure will remain in force until statutory planning instruments are notified and municipal committees issue detailed operational guidelines.Read more

12 Jul 2026

Indian engineering and infrastructure companies are exploring business opportunities in South Africa as the country moves ahead with plans to modernise its rail and logistics network. During the Africa Rail Expo, Indian firms held discussions with local stakeholders and signed new partnership agreements, reflecting growing commercial ties between the two countries. Indian officials highlighted the country's experience in rail infrastructure, ports and power systems, while companies showcased technologies ranging from rail construction and welding equipment to insulation materials, with some even considering local manufacturing in South Africa.Read more

12 Jul 2026

India expects its peak electricity demand to reach 300 GW in 2027, driven by rapid growth in data centres, artificial intelligence, electric vehicles and industrial activity. The government plans to expand power transmission, energy storage and renewable capacity while promoting domestic manufacturing of solar modules, batteries and other clean energy equipment. Officials said reducing import dependence will strengthen energy security and support long-term infrastructure development, even if locally manufactured equipment initially costs more.Read more

12 Jul 2026

Laser Power & Infra has raised around INR 223 crore from anchor investors ahead of the opening of its INR 742 crore initial public offering (IPO). The anchor round attracted participation from leading domestic mutual funds, insurance companies and global investors. The IPO includes a fresh issue of INR 542 crore and an offer for sale worth INR 200 crore by promoters. The company plans to use most of the fresh issue proceeds to reduce debt. With manufacturing facilities in West Bengal and a strong order book, the company operates across power cable manufacturing and EPC services.Read more

12 Jul 2026

AIMS APAC REIT has announced plans to acquire a 9.15-hectare freehold industrial land parcel in Perth, Australia, for AUD 42.7 million. The proposed acquisition is part of the REIT’s strategy to strengthen its industrial property portfolio and increase its presence in Australia. Industrial assets have remained a key focus for the trust due to continued demand for logistics and warehousing facilities. The transaction is expected to support the REIT’s long-term portfolio growth while expanding its exposure to strategically located industrial real estate.Read more