42 minutes ago

• An Independent Multi-disciplinary Expert Group constituted by the Andaman and Nicobar Lieutenant Governor has cleared the Social Impact Assessment for the proposed Greenfield International Airport at Great Nicobar Island, finding project benefits to outweigh social costs.
• The airport requires 834.64 hectares across Gandhi Nagar and Shastri Nagar villages, of which 337.36 hectares is private land; all 248 surveyed families expressed willingness to relinquish their holdings voluntarily.
• Affected communities have demanded compensation at Port Blair circle rates, government employment, INR 50,000 per coconut tree, and rehabilitation adjacent to the airport.
• The seven-member panel unanimously recommended proceeding with the project, subject to fair compensation, a robust rehabilitation plan, and strongerRead more

11 Jun 2026

The Lucknow Fire Department has issued notices to 20 hotels after inspections revealed violations of mandatory fire safety norms, intensifying a citywide compliance drive launched following recent fire incidents at hospitality establishments across the country. The affected hotels have been given 45 days to rectify deficiencies related to firefighting systems, emergency preparedness and evacuation infrastructure. The enforcement action forms part of a broader audit of hotels, restaurants, clubs and commercial establishments being undertaken across the Uttar Pradesh capital. Authorities have warned that failure to address the identified shortcomings within the stipulated period could lead to further action under fire safety regulations. The inspections have highlighted continuing concerns regarding fire preparedness in hospitality properties and other public-use buildings in Lucknow.Read more

11 Jun 2026

Google Cloud has reported network disruptions and elevated latency affecting users in Delhi, Mumbai, Chennai and surrounding regions following a fire at a third-party data centre facility in New Delhi. The incident prompted an emergency shutdown of networking equipment, isolating a local Point of Presence (POP) and reducing network capacity in the National Capital Region. To maintain service continuity, Google rerouted significant volumes of traffic away from the affected facility. However, the shift has resulted in intermittent latency spikes and possible packet loss as demand has exceeded available capacity across several Indian metropolitan areas and regional internet service providers. The company is implementing additional mitigation measures while restoration work continues at the impacted facility.Read more

11 Jun 2026

A proposed government auction of a prime land parcel in Hyderabad’s Banjara Hills, expected to fetch around INR 1,000 crore, has become embroiled in an ownership dispute after private claimants challenged the state's title over the property. The land, located in one of Hyderabad’s most expensive real estate markets, was scheduled to be auctioned by the Telangana government as part of its land monetisation programme. However, competing ownership claims have raised questions over the transaction, prompting legal scrutiny and uncertainty over the sale process. The dispute has attracted significant attention from developers and investors due to the parcel’s strategic location and development potential, highlighting the importance of clear land titles in high-value urban land transactions.Read more

11 Jun 2026

• Environmental groups have raised concerns over ecological management and biosafety practices within Sanjay Gandhi National Park (SGNP).
• An NGO has sought a review of standard operating procedures for captive animal care and habitat management.
• Activists have also highlighted issues related to construction activity and tree loss in the park's eco-sensitive zone.
• The developments have renewed calls for stronger conservation measures and stricter protection of Mumbai's urban forest.Read more

11 Jun 2026

Third-party logistics provider Emiza has launched a 120,000 sq ft warehouse facility in Farrukhnagar, Haryana, aimed at supporting rising demand from the e-commerce and retail sectors across northern India. The facility, which has a pallet capacity of 15,000, 23 loading docks and the ability to process up to 800,000 orders per month, will function as a dedicated returns-processing centre for partner brands. The new warehouse is Emiza’s sixth facility in the Delhi-NCR region and expands its nationwide warehousing network to more than 11 cities across 11 states. The company said the project will enhance supply chain efficiency, strengthen last-mile delivery capabilities and generate over 500 jobs in the region.Read more

11 Jun 2026

Starhill Global REIT has announced the appointment of Tan Peck Mun Kemmy as its new chief executive officer and executive director. The leadership change comes as the real estate investment trust continues to manage and strengthen its portfolio across key markets. As CEO and executive director, Tan will be responsible for overseeing the REIT’s strategic direction, asset management initiatives and overall business operations. The appointment marks an important development for the trust as it focuses on long-term portfolio performance, operational efficiency and value creation for unitholders.Read more

11 Jun 2026

Twenty bungalows in Pune’s Moi Phata area are facing demolition after a committee appointed by the National Green Tribunal (NGT) found that the structures were built within the blue flood line of the Indrayani River. The panel's findings have intensified scrutiny of unauthorised construction in flood-prone zones across the Pune metropolitan region. The proposed action follows a series of enforcement measures undertaken in recent months against similar developments along the river corridor. Authorities are reviewing the committee’s report and legal procedures before initiating demolition, with the case highlighting growing regulatory focus on environmental compliance, floodplain protection and illegal construction activity in ecologically sensitive areas.Read more

11 Jun 2026

Delhi Police have arrested two real estate-linked individuals in connection with the collapse of a multi-storey building in Saidulajab, south Delhi, that claimed six lives and left eight others injured. The arrests follow an investigation into the structure, which housed commercial establishments and was undergoing construction activity on its uppermost floor at the time of the incident. Authorities are examining whether unauthorised additions, structural deficiencies and violations of building regulations contributed to the collapse. The case has intensified scrutiny of illegal construction across south Delhi, prompting civic authorities to identify neighbouring structures that may have breached building norms. The incident has also triggered a wider review of enforcement mechanisms and accountability for unauthorised developments in the capital.Read more

11 Jun 2026

Home loan interest rates in India continue to be influenced by monetary policy decisions, inflation trends and individual borrower profiles, with the Reserve Bank of India maintaining the repo rate at 5.25% in its latest policy review. While benchmark rates have remained stable, lenders continue to assess applicants based on factors such as CIBIL Score, income stability, loan amount and property characteristics. Industry estimates indicate that even marginal differences in borrowing rates can significantly alter monthly EMIs and total repayment obligations over the life of a loan. Borrowers are increasingly using EMI calculators to compare repayment scenarios, assess affordability and evaluate tenure options before approaching lenders. The trend reflects growing awareness among homebuyers of the long-term financial implications associated with home loan borrowing decisions.Read more

11 Jun 2026

Alterra IOS has secured a USD 244 million loan from Blackstone Real Estate Debt Strategies to support the continued growth of its industrial outdoor storage (IOS) platform across the United States. The financing is expected to help the company strengthen its portfolio and pursue expansion opportunities in a sector that has witnessed rising investor interest due to increasing demand from logistics, transportation, construction and equipment-related businesses. The deal highlights the growing role of institutional capital in the industrial outdoor storage segment, which has emerged as a specialised asset class within the broader industrial real estate market.Read more

11 Jun 2026

Delhi Chief Minister Rekha Gupta has clarified that no demolition action will be taken against existing homes and settlements located within the capital’s O-Zone area, following concerns triggered by recent Delhi High Court proceedings on unauthorised construction in the Yamuna floodplain. The assurance came after a high-level meeting involving public representatives, officials from the Delhi Development Authority (DDA) and the Municipal Corporation of Delhi (MCD). The O-Zone, which covers environmentally sensitive areas along the Yamuna floodplain, includes around 91 unauthorised colonies and a dozen villages with an estimated population of 1.5 million people. The government has maintained that while fresh and ongoing unauthorised construction will continue to face action, existing structures are protected from demolition, easing concerns among residents over potential displacement.Read more

11 Jun 2026

• Malahi Pakri Metro Station is expected to become operational soon, marking another milestone for the Patna Metro project.
• The station forms part of the priority corridor aimed at improving connectivity across eastern Patna.
• Its opening will strengthen access to residential and commercial areas while supporting seamless urban mobility.
• The development reflects the steady progress of Bihar's flagship mass transit initiative.Read more

11 Jun 2026

Experiences marketplace Bucketlistt has secured INR 1.07 crore in a pre-seed angel funding round at a post-money valuation of INR 10.07 crore. The funding round attracted participation from angel investors including Arvind Choudhar, Aenik Shah, Kartik Khatri and Yash Mehta. The company plans to deploy the capital towards strengthening its technology infrastructure, expanding its operator network, accelerating customer acquisition and scaling OkGhumo, its recently launched ERP and CRM platform for experience providers. Founded in 2025, Bucketlistt operates a curated marketplace for adventure, cultural and spiritual experiences and claims to have facilitated more than INR 10 crore in bookings while serving over 31,000 customers within five months of launch. The company is now preparing to expand into additional tourism destinations across India.Read more

11 Jun 2026

Two contract workers lost their lives and another was hospitalised after a carbon dioxide (CO2) gas leak occurred during the annual maintenance of fire extinguishers at Schaeffler India Ltd’s manufacturing facility in Talegaon MIDC, Pune district, on June 10. The incident took place while personnel from a private contractor were servicing fire extinguishers at the plant. Three contractor employees and two company staff members were involved in the maintenance activity when gas leaked from a fire extinguisher cylinder. Police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding the incident. Schaeffler India operates the Talegaon facility, which manufactures a range of automotive components and bearing products.Read more

11 Jun 2026

ASK Property Fund has launched its fourth real estate debt fund with a target corpus of INR 3,500 crore, aimed at financing mid-income residential projects across six major Indian property markets. The fund, named ASK Real Estate Special Situations Fund IV, will raise capital from domestic and offshore investors and provide funding for project completion, lender replacement, acquisitions and distressed asset opportunities. Backed by a track record of 40 completed exits and strong returns from previous debt funds, the platform is targeting investment-level returns of 20 per cent. The launch comes as residential developers continue to seek structured capital solutions amid sustained housing demand and ongoing consolidation across key urban markets.Read more

11 Jun 2026

Australian property and infrastructure investment manager Dexus has launched a strategic review of its infrastructure funds business acquired through the AMP Capital platform transaction completed in 2023. The review covers infrastructure assets worth AUD 7.3 billion under management and includes several key funds, such as the Dexus Diversified Infrastructure Trust and Australia Pacific Airports Fund vehicles. The move comes amid an ongoing legal dispute over the company's 27% stake in Melbourne and Launceston airports. Dexus has also temporarily stood down certain senior executives while assessing the implications of a recent court ruling related to the airport stake.Read more

11 Jun 2026

JSW Infrastructure has secured a major container terminal project at Syama Prasad Mookerjee Port Authority in Kolkata following a competitive bidding process. The project, awarded under the public-private partnership model on a design, build, finance, operate and transfer basis, involves the integrated development of container handling infrastructure at Netaji Subhas Dock. With a 30-year concession period, the development will be executed in two phases and is expected to add around 0.93 million TEUs of capacity. Combined with the company's ongoing berth modernisation project at the Kolkata Dock System, JSW Infrastructure's total container handling capacity at the port is projected to reach approximately 1.4 million TEUs, strengthening cargo handling capabilities in eastern India.Read more

11 Jun 2026

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

11 Jun 2026

• The Kerala government has approved INR 3,200 crore for land acquisition related to the Thiruvananthapuram Outer Ring Road project.
• The proposed 78-km highway corridor will connect Vizhinjam Port with Navaikulam and improve regional connectivity across the capital region.
• The funding is expected to accelerate compensation payments and help complete pending land acquisition activities.
• The project is seen as a key infrastructure link supporting logistics, industrial and commercial growth around Vizhinjam International Seaport.
• The approval comes after years of delays linked to land acquisition, environmental clearances and alignment-related challenges.Read more

11 Jun 2026

U.S.-based investment firm Castlelake is reportedly exploring a partnership with shipping and logistics giant MSC as it evaluates a potential takeover of British low-cost airline easyJet. The move is aimed at ensuring compliance with European Union ownership regulations if Castlelake proceeds with a formal offer. Reports suggest discussions are at an early stage, with MSC identified as a possible strategic partner due to its broad transportation and travel interests. A deal could create an integrated travel business spanning aviation, cruises, rail and holiday packages, expanding MSC's presence across the leisure travel sector.Read more

11 Jun 2026

• The Maharashtra government has taken back 33 acres in Aarey Colony, Mumbai, previously allotted for a slum rehabilitation project that failed to progress.
• The land was earmarked for the rehabilitation of eligible slum residents under a redevelopment scheme but remained largely undeveloped for years.
• Authorities revoked the allotment following a review of the project's status and lack of implementation.
• The reclaimed land will remain under government control pending a decision on its future use.Read more

Priyanka Vig

11 Jun 2026

As Mumbai prepares for the 2026 monsoon season, municipal bodies across the Mumbai Metropolitan Region (MMR) have intensified efforts to reduce waterlogging and flood-related disruptions. The Brihanmumbai Municipal Corporation (BMC) has deployed IoT-enabled dewatering pumps, activated pumping stations and accelerated desilting works, while neighbouring municipalities including Thane, Navi Mumbai, Kalyan-Dombivli, Mira-Bhayandar and Vasai-Virar have undertaken extensive drainage cleaning and flood-preparedness measures. Regional agencies such as MMRDA have also implemented monsoon action plans across infrastructure projects, reflecting a broader shift towards technology-driven monitoring, improved drainage systems and coordinated emergency response mechanisms to strengthen urban resilience during periods of heavy rainfall.Read more

11 Jun 2026

• Delhi's Public Works Department (PWD) has intensified efforts to tackle waterlogging-prone roads ahead of the monsoon season.
• The department has identified critical flooding hotspots and accelerated desilting, drain cleaning and road maintenance work across key corridors.
• Special focus is being placed on locations that have witnessed recurring traffic disruptions and water accumulation during heavy rainfall.
• Officials are conducting inspections and monitoring preparedness to improve stormwater drainage and commuter safety.
• The initiative is part of a wider effort to strengthen urban infrastructure and minimise monsoon-related disruptions across the capital.Read more

11 Jun 2026

Mumbai is famous for landmarks like Marine Drive, the Gateway of India and Juhu Beach, but the city holds countless hidden gems beyond its popular attractions. From a 66-million-year-old volcanic monolith and ancient Buddhist caves to a charming Portuguese-style village, a forgotten fort visited by flamingos and a serene pagoda overlooking the Arabian Sea, these lesser-known destinations reveal a different side of Mumbai. Whether you're a first-time visitor or a local explorer, these offbeat spots offer unforgettable experiences away from the crowds.Read more

11 Jun 2026

• The Maharashtra government is reportedly considering scrapping the existing tender process for the proposed new Bombay High Court complex.
• The project, estimated at around INR 4,217 crore, has witnessed delays related to design approvals and land handover.
• Authorities are reviewing the procurement process to facilitate smoother execution of the landmark judicial infrastructure project.
• The development comes as efforts continue to expedite construction of the new court complex in Mumbai.Read more

11 Jun 2026

DK Vertex, a co-working and managed workspace operator under the Vertex Group, has invested around INR 70 crore to establish seven flexible workspace centres across Gurugram, Mumbai and Bengaluru as demand for managed office solutions continues to rise. The company launched a new 700-desk facility in Gurugram in the past week and plans to offer seats at rentals ranging from INR 14,000 to INR 18,000 per desk. Of the seven centres, four are already operational, providing around 6,000 seats with occupancy reaching 75 per cent. The remaining capacity, including 4,000 built-to-suit seats, is expected to become operational over the next two months. The expansion comes amid sustained growth in India's flexible workspace segment, which accounted for 18 per cent of office leasing activity during the January-March quarter.Read more

11 Jun 2026

The Delhi High Court has expressed concern over the Centre's move to reclaim land occupied by the Indian Polo Association and the Delhi Gymkhana Club, observing that the capital cannot afford to lose its limited green spaces. Hearing a petition challenging an eviction notice, the court questioned the future use of the land and the impact on the city's environment and heritage structures. The matter centres on the proposed takeover of prominent properties in Lutyens' Delhi, with further proceedings expected before the trial court.Read more

11 Jun 2026

Godrej Properties has recorded sales of more than 1,000 apartments worth over INR 2,000 crore in the launch week of its newly unveiled residential project, Godrej Vanantara, in Bengaluru. The strong response comes shortly after the project's launch and highlights sustained homebuyer demand in Bengaluru's residential market. Spread across 36 acres, the development has a total developable area potential of 3.53 million sq ft and an estimated revenue potential of INR 3,700 crore. The performance adds to Godrej Properties' growing presence in key housing markets across India.Read more

11 Jun 2026

The Ministry of Defence has approved the development of a 250 MW solar power project with an integrated Battery Energy Storage System (BESS) on approximately 850 acres of vacant defence land in Sitapur district, Uttar Pradesh. Cleared by Defence Minister Rajnath Singh, the project marks the first solar-plus-storage initiative of its kind undertaken by the ministry. State-owned NTPC will implement the project in coordination with the Integrated Headquarters of the Ministry of Defence (Army) and the Directorate General of Defence Estates. The development is aimed at strengthening energy security for defence establishments, increasing the use of renewable energy and reducing reliance on conventional grid power, while ensuring productive utilisation of unused defence land.Read more

11 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Undavalli village to discuss land acquisition and land pooling activities linked to the development of Amaravati. Senior APCRDA officials informed villagers that landowners named in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme within the stipulated timeframe. The authority also assured residents that concerns related to assigned lands, Lankan lands and local infrastructure needs would be addressed as per government guidelines. APCRDA sought continued cooperation from farmers as development works across the capital region gather pace.Read more

11 Jun 2026

A TPG-led investor group has acquired grocery-anchored retail real estate company ECHO Realty in a transaction valued at approximately USD 2 billion. The deal marks a significant investment in the retail property sector, particularly in grocery-anchored shopping centres, which have remained resilient amid changing consumer spending patterns and e-commerce growth. The acquisition strengthens TPG Real Estate’s presence in the retail real estate segment and reflects continued investor interest in income-generating retail assets backed by essential services. The transaction is among the notable real estate investment deals announced in the market recently.Read more

11 Jun 2026

• Bengaluru homeowners with residential buildings up to 2,400 sq ft can now obtain permanent electricity connections without an occupancy certificate (OC), subject to certain conditions.
• BESCOM has clarified that the benefit will extend beyond those who submitted applications before the earlier deadline.
• Homeowners who completed construction or secured temporary electricity connections before the prescribed cut-off can apply for permanent power supply.
• The clarification addresses confusion caused by a recent Karnataka government order and is expected to benefit nearly one lakh households.
• The move comes amid a large backlog of applications for conversion from temporary to permanent electricity connections across Bengaluru.Read more

11 Jun 2026

Global investment research firm Morningstar has leased an additional 32,551 sq ft of office space at Wadhwa Group’s Vishwaroop IT Park in Vashi, Mumbai, strengthening its presence within the commercial asset. The nine-year lease is expected to generate around INR 43.54 crore in rental revenue for the developer through 2034. Following the transaction, Morningstar’s total occupancy at the project has increased to 4.45 lakh sq ft. The fully leased office development spans 6.25 lakh sq ft of built-up area and generates annual rental income of about INR 75 crore. The deal comes amid sustained demand for office space across India, with the country’s office market recording a record 29.9 million sq ft of leasing activity during the January–March 2026 quarter.Read more

11 Jun 2026

The Delhi government has initiated a revenue audit of concessionaires operating in the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The exercise will examine financial records, revenue collections, escrow account transactions and payments made under the public-private partnership model implemented by the Delhi State Industrial Infrastructure Development Corporation (DSIIDC). Auditors will assess whether any deviations, irregularities, excess recoveries, revenue suppression or fund diversions occurred during the redevelopment, operation and maintenance of industrial infrastructure. The review is expected to quantify any financial impact and identify recoverable amounts, providing a detailed assessment of the long-running PPP arrangements in two of Delhi’s key industrial clusters.Read more

11 Jun 2026

The National Highways Authority of India (NHAI) has introduced a series of technology-driven maintenance measures across the national highway network to improve operational efficiency, road quality and user experience. The state-owned authority has adopted mechanised drain-cleaning equipment, automated pothole repair systems and advanced road-sweeping technologies as part of a broader effort to modernise highway upkeep. The initiative forms part of NHAI’s focus on preventive maintenance, sustainability and stricter enforcement of contractual obligations. According to the authority, the use of modern equipment and maintenance practices is expected to enhance the condition of highways, improve service standards and support a more efficient road management framework across the country.Read more

11 Jun 2026

• Bihar is preparing to launch a paperless property registration system to reduce paperwork and simplify land and property transactions.
• The new system is expected to allow citizens to complete most registration-related formalities digitally, reducing visits to sub-registrar offices.
• The initiative is part of the state's wider digital governance push, which includes online registration services, e-stamping and integrated land records management.
• Recent reforms such as doorstep property registration for senior citizens and automatic mutation systems have already strengthened Bihar's land administration framework.
• The move is aimed at improving transparency, reducing processing time and making property registration more efficient for buyers and sellers.Read more

11 Jun 2026

The National Bank for Agriculture and Rural Development (NABARD) is set to raise up to INR 70 billion through a bond issuance with a tenure of three years and one month. The proposed fundraising includes a base issue size of INR 20 billion and a greenshoe option of INR 50 billion. NABARD has invited coupon and commitment bids for the issue, with bidding scheduled for June 10. The bonds have been assigned the highest credit rating of AAA by both ICRA and CRISIL. The fundraising exercise forms part of the development financial institution's borrowing programme to support its lending and refinancing activities focused on agriculture, rural infrastructure and allied sectors across India.Read more

Ghaziabad News Desk

11 Jun 2026

• Uttar Pradesh has approved an INR 350 crore investment to procure advanced fire tenders and hydraulic platforms for 11 major cities witnessing rapid high-rise development.
• Ghaziabad will receive two 102-metre fire tenders, while Lucknow and Varanasi are set to get high-reach firefighting vehicles capable of handling emergencies in tall buildings.
• The equipment will include hydraulic platforms, telescopic boom systems and turntable ladders designed for rescue and firefighting operations in high-rise structures.
• The move follows growing concerns over fire safety in multi-storey residential and commercial projects across the state.
• The initiative is expected to strengthen emergency response infrastructure as urbanisation and vertical development continue to expand across Uttar Pradesh.Read more

11 Jun 2026

• The proposed 207.8-km Ramagundam-Manuguru railway line has received key approvals and will be developed at an estimated cost of INR 5,818.45 crore.
• The project will connect coal-producing, industrial and tribal regions across Telangana, improving both passenger and freight movement.
• The new corridor is expected to reduce travel distance between Ramagundam and Manuguru by nearly 90 km while enhancing connectivity to remote districts.
• The railway line is likely to strengthen logistics for coal transportation, support industrial growth and improve access to important locations such as Medaram.
• Authorities are targeting completion of the project within the next five years, including land acquisition and construction activities.Read more

11 Jun 2026

The Karnataka government has handed over houses to 427 families in Madikeri, providing permanent shelter to beneficiaries under a state-supported housing programme. The initiative is aimed at improving housing access for economically weaker families and those in need of secure accommodation. The housing distribution is part of the state's broader affordable housing and social welfare efforts. With the latest allotment, the government has taken another step towards addressing housing shortages in the region, while helping beneficiary families gain better living conditions, residential security and long-term stability.Read more

10 Jun 2026

APCRDA Additional Commissioner Kollabathula Karthik conducted an inspection of roads and key junctions in Undavalli as part of ongoing plans to improve road infrastructure in the Amaravati capital region. The visit focused on proposed road widening works being undertaken in coordination with various government departments. Accompanied by CRDA Special Deputy Collector A.G. Chinnikrishna, the official reviewed locations likely to be affected by the project, including residential areas near the roads. During the inspection, local residents and farmers raised concerns related to the village, and officials assured them that the issues would be addressed on priority.Read more

10 Jun 2026

• National highway developers have urged the government to notify predefined rates for key construction materials such as bitumen and petroleum products for projects currently under bidding.
• Industry players say differences between estimated project costs and prevailing market prices are creating uncertainty in bid calculations.
• Contractors believe fixed benchmark rates will help improve transparency, reduce speculative bidding and ensure fair competition.
• The demand comes as the government continues to award large highway projects through the National Highways Authority of India (NHAI).
• Developers have also sought greater clarity in cost assessment mechanisms to improve project viability and execution.Read more

10 Jun 2026

Tata Capital Housing Finance is set to raise up to INR 11.25 billion through the issuance of five-year bonds, according to market participants. The proposed fundraising comprises a base issue size of INR 10 billion and a greenshoe option of INR 1.25 billion. The company has fixed a coupon rate of 8.15% and invited commitment bids for the issue on June 10. The bonds have received AAA ratings from CRISIL and ICRA, reflecting the highest level of creditworthiness. The proposed debt issuance comes as non-banking financial companies and housing finance firms continue to access domestic bond markets to secure long-term funding for lending operations, including housing finance and retail credit activities.Read more

10 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has rolled out an extensive monsoon preparedness strategy across Metro Lines 2A, 2B, 7 and 9 to ensure uninterrupted operations during the rainy season. The plan includes deployment of 2,496 CCTV cameras, 30 emergency water pumps, five standby trains, a 24x7 disaster control room and AI-enabled monitoring systems. Special attention has been given to Metro Lines 2B and 9, which are experiencing their first operational monsoon. The initiative also covers flood mitigation, infrastructure maintenance, passenger communication, weather monitoring and coordinated emergency response mechanisms.Read more

10 Jun 2026

Mumbai-based Agami Realty has announced Agami Legends, an ultra-luxury residential project in Kalanagar, Bandra East, overlooking the MIG Cricket Club and Mahim Bay. The development marks a new addition to the city's premium housing segment and is inspired by the values associated with cricket, including discipline, strategy and legacy. Former Indian cricket captain Sunil Gavaskar has joined Agami Realty as its brand ambassador and will endorse the project. Planned as a low-density residential tower with 67 homes, the development aims to combine privacy, connectivity and thoughtfully designed living spaces in one of Mumbai's established residential neighbourhoods.Read more

10 Jun 2026

• Indian Railways has approved the INR 220.51 crore doubling of the 10.65-km Mararikulam-Alappuzha rail section in Kerala.
• The project will remove the last remaining single-line bottleneck on the Ernakulam-Alappuzha-Kayamkulam corridor.
• Once completed, the upgraded section will support nine additional passenger trains in each direction every day.
• The project is expected to increase freight capacity by 2.88 million tonnes annually and improve network efficiency.
• The approval forms part of the Centre's ongoing efforts to strengthen rail infrastructure and capacity across Kerala.Read more

10 Jun 2026

Janus Henderson Group has announced plans to close and liquidate its Janus Henderson U.S. Real Estate ETF (JRE), marking the end of the fund’s operations. The asset manager said the ETF will stop accepting creation orders in August, with trading set to be halted shortly thereafter. Investors holding shares in the fund will receive liquidation proceeds following the completion of the process. The move comes as asset managers continue to review product offerings and streamline investment portfolios based on investor demand, assets under management and market conditions.Read more

10 Jun 2026

• The Great Nicobar Project aims to develop the island into a strategic maritime and economic hub near the East–West international shipping route while strengthening India's security presence in the Indo-Pacific region.
• The project includes a transshipment terminal, international airport, township and hybrid gas-solar power plant to support long-term regional development.
• Authorities have emphasised environmental safeguards, including 42 clearance conditions, phased implementation and compensatory afforestation measures.
• The government has stated that no displacement of Shompen and Nicobarese communities is proposed, with tribal welfare and ecological protection integrated into project planning.Read more

10 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) carried out a special drive to remove unauthorized encroachments in parts of Amaravati as part of the capital city's planned development and zoning regulations. The exercise was conducted in Krishnayapalem and Venkatapalem villages, where officials cleared structures obstructing roads, footpaths and public land. Authorities stated that the initiative was aimed at improving public safety, easing traffic movement and ensuring compliance with urban planning norms. APCRDA also cautioned against future encroachments on government land and public spaces, warning that violations would attract strict action under existing regulations.Read more