4 minutes ago

China’s prolonged housing market downturn is now affecting property management companies, with falling fee collections putting pressure on revenues and operations. Many homeowners are delaying or refusing payments due to weak economic conditions, declining home values and dissatisfaction with service charges. At the same time, financially stressed developers are struggling to pay maintenance fees for unsold housing inventory. As collection rates fall, several management firms are exiting residential projects, creating concerns over deteriorating services, declining property values and growing pressure on local governments to step in and maintain basic community infrastructure.Read more

34 minutes ago

Reliance Industries subsidiary Model Economic Township Ltd (METL) has entered into two memorandums of understanding with the Government of Haryana, committing a combined investment of INR 8,646 crore for its integrated township project in Jhajjar. The agreements, announced during the launch of Haryana’s Make in Haryana Industrial Policy 2026, include investments from companies operating within the 8,250-acre Reliance MET City. The initiative is expected to generate over 33,000 jobs and spans multiple manufacturing sectors including automotive, electronics and medical devicesRead more

1 hour ago

• Sebi has proposed amendments to the net distributable cash flow (NDCF) framework applicable to Infrastructure Investment Trusts (InvITs) operating road assets.
• The proposal seeks to address the treatment of large maintenance expenditures that are periodically incurred during the lifecycle of highway projects.
• Road-sector InvITs may be allowed to adjust certain debt-funded maintenance costs while calculating distributable cash flows, subject to investor approval and disclosure requirements.
• The market regulator has invited stakeholder feedback before finalising the proposed changes.Read more

2 hours ago

• The Securities and Exchange Board of India (Sebi) has cancelled the registrations of five Alternative Investment Funds (AIFs) for failing to comply with mandatory reporting requirements.
• The affected entities are Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust and Victory Investment Fund.
• The funds did not submit Quarterly Activity Reports (QARs) for all four quarters of 2025 despite regulatory obligations.
• Sebi initiated summary proceedings and issued show-cause notices in April 2026 after identifying repeated non-compliance.
• The regulator concluded that the violations were established and ordered immediate cancellation of registrations under applicable regulations.Read more

3 hours ago

Northern Railway’s Jammu Division reported earnings of INR 66.50 lakh through a special ticket-checking drive carried out in May 2026. The drive focused on identifying ticketless and irregular travel across stations, trains, and platforms within the division’s jurisdiction. A total of 12,693 cases were registered during the period, reflecting strict enforcement against violations. Officials stated that the initiative was aimed not only at revenue protection but also at discouraging unauthorised travel and improving discipline among passengers. Similar enforcement drives are expected to continue in the coming period to maintain compliance.Read more

4 hours ago

Godrej Industries Group has entered the wealth management sector through a new platform aimed at serving high-net-worth and ultra-high-net-worth individuals across India. The company has set a target of managing INR 1 lakh crore in assets under management (AUM) within five years and plans to build a nationwide advisory network. The move marks the conglomerate’s diversification into financial services, leveraging the Godrej brand to tap rising demand for professional wealth management solutions amid growing household financial assets.Read more

5 hours ago

• Odisha has initiated time-bound measures to improve highway safety following directions issued by the Supreme Court on road accident prevention.
• State agencies have been directed to address illegal parking, roadside encroachments and other hazards affecting traffic movement on national highways.
• The exercise involves coordinated action by transport, police, highway and local authorities to improve enforcement and compliance.
• The measures form part of a broader effort to reduce accidents and strengthen safety infrastructure across Odisha's highway network.Read more

6 hours ago

• The Andhra Pradesh government has sanctioned an AI-enabled traffic management initiative, Project SARTHI, for Visakhapatnam at an estimated cost of INR 99.19 crore.
• The project aims to improve traffic regulation, road safety and incident response through advanced surveillance and intelligent transport technologies.
• The system will integrate artificial intelligence, automated traffic monitoring, command-and-control infrastructure and real-time enforcement mechanisms across the city.
• The initiative forms part of broader efforts to strengthen urban mobility infrastructure in Visakhapatnam amid rising traffic volumes and growing urbanisation.Read more

7 hours ago

NHPC has commenced construction activities for the 240 MW Uri-I Stage-II Hydroelectric Project in Uri, Baramulla district, Jammu & Kashmir. The project, approved at an investment of INR 2,708.95 crore, is being developed on the Jhelum River as an extension of the existing Uri-I scheme. Work began with the first blast for the head race tunnel in the past week. Designed as a run-of-the-river project, it will comprise two 120 MW units and is expected to generate around 932 million units of electricity annually upon completion.Read more

8 hours ago

The National Green Tribunal's Eastern Zone Bench, Kolkata, on 26 May 2026 admitted a petition alleging the illegal operation of a brick kiln and unauthorised clay mining in Village Ambakuduchi, Tahasil Basta, District Balasore, Odisha. The applicant, Rajanikanta Jena, contends the unit operates without environmental clearance or pollution board consent, causing serious harm to local residents. The bench has constituted a joint committee comprising the CPCB, OSPCB, and the District Magistrate, Balasore, to inspect the site and submit a report within one month. The matter is next listed on 23 July 2026.Read more

04 Jun 2026

Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd, along with four others, has been summoned by a special PMLA court in connection with a money laundering case linked to Employee Stock Option Plans. The Enforcement Directorate’s complaint alleges a conspiracy involving bribery and filing of a bogus FIR to block the Burman family from taking control of the company. The court observed that the offence is serious, involving public fund losses and financial instability concerns. All accused have been directed to appear on June 11, while the alleged proceeds of crime are estimated at INR 179.54 crore.Read more

04 Jun 2026

A cyclonic storm that hit the desert region recently caused partial damage at the Bhadla Solar Park in Phalodi district, a 2.25 GW solar energy hub spread across around 56 sq km. The facility hosts over 10 million solar panels installed by multiple private and public companies. While authorities confirmed that only one plant faced disruption, local accounts suggest wider impact across nearby villages. Damage includes uprooted solar panels and affected electricity infrastructure. Restoration work is currently in progress as officials assess the full extent of losses and system disruption.Read more

04 Jun 2026

The Lakshadweep Administration has initiated the acquisition of 121,359 square metres, or around 30 acres, of private land on Agatti Island for beachfront facilities and a peripheral beach road. The proposal, based on a Social Impact Assessment conducted by SIACS, covers land on both the eastern and western coasts of the island. Given Agatti’s total area of 3.84 square kilometres, the plan has sparked concerns among residents and environmental groups over its potential impact on ecosystems and livelihoods.Read more

04 Jun 2026

• The National Investigation Agency (NIA) has filed chargesheets against 31 individuals in four cases related to alleged obstruction of the Special Intensive Revision (SIR) of electoral rolls in West Bengal's Malda district.
• The accused have been charged over incidents involving road blockades, disruption of official duties and the alleged restraint of judicial officers engaged in the electoral exercise.
• The chargesheets have been submitted before the NIA Special Court in Kolkata following investigations based on digital, technical, documentary and oral evidence.
• The agency has stated that investigations remain ongoing to identify additional individuals allegedly involved in the incidents.Read more

04 Jun 2026

• Rajasthan currently has 81 infrastructure projects under implementation with a combined investment of INR 2.72 lakh crore.
• The projects are being monitored through the Project Monitoring Group (PMG) mechanism to address implementation bottlenecks.
• Key sectors include railways, roads, petroleum and natural gas, power, and urban infrastructure.
• The review focused on expediting clearances, resolving pending issues and improving coordination among stakeholders.Read more

04 Jun 2026

Spanish hotel group Melia has decided to stop managing, marketing and providing brand services for 15 hotels in Cuba, citing worsening economic, legal and geopolitical conditions on the island. The company, which has operated in Cuba since 1990, said the decision was driven by factors beyond its control that affected the viability and safety of continuing operations. The move comes as the United States increases pressure on Cuba through stricter sanctions and other measures. Melia noted that most of the affected hotels were already closed or inactive as Cuba's tourism sector continues to face significant challenges.Read more

04 Jun 2026

The long-delayed Kalyan–Badlapur highway expansion project continues to face significant hurdles more than a decade after work began, with key stretches remaining incomplete despite expenditure exceeding INR 100 crore. Land acquisition challenges, pending clearances, legal disputes and unfinished infrastructure have slowed progress on a corridor that serves as a major transport link for the rapidly growing Kalyan-Dombivli-Badlapur region. The delays have contributed to persistent traffic congestion, particularly at bottlenecks and bridge approaches, even as authorities pursue wider plans to improve regional connectivity through new highway infrastructure and road network upgrades.Read more

04 Jun 2026

Mister Hair Clinics, a Bengaluru-headquartered hair and skin care clinic network, has announced an expansion roadmap to increase its footprint from 16 clinics to 100 clinics across India by 2031. The company has opened franchise opportunities to support growth across tier-2 and tier-3 cities, along with selected metro markets. The strategy is anchored in a standardised clinical and operational model, with plans to expand its presence across multiple states while tapping into India’s fast-growing hair restoration and medical aesthetics marketRead more

04 Jun 2026

• Maharashtra has secured USD 2 billion in funding from the World Bank for a large-scale road infrastructure programme.
• The initiative will focus on upgrading state highways and district roads across the state.
• Planned works include road rehabilitation, bridge improvements, maintenance measures and technology-based monitoring systems.
• The programme aims to enhance connectivity, road safety and climate resilience across key transport corridors.
• To be implemented in phases, it will strengthen links between urban centres, industrial clusters and rural regions, making it one of Maharashtra’s largest externally funded road projects.Read more

04 Jun 2026

Mexican real estate investment trust Fibra Mty has completed its acquisition of Fibra Macquarie after securing acceptance from holders of more than 80% of the target company's certificates. The transaction, valued at approximately USD 1.7 billion based on accepted certificates, marks one of the largest consolidation moves in Mexico's REIT sector. Following the announcement, certificates of both entities declined in trading. The acquisition is expected to expand Fibra Mty's consolidated asset base to nearly USD 6.5 billion and pave the way for operational integration and greater scale in the country's commercial real estate market.Read more

04 Jun 2026

The Enforcement Directorate (ED) has arrested four promoters and directors of Earth Infrastructures Ltd in a money laundering investigation linked to an alleged INR 2,004 crore homebuyer fraud. The case involves over 19,425 homebuyers and investors who allegedly invested in projects that remained incomplete or undelivered. The agency has alleged diversion of around INR 467 crore through related entities. The investigation stems from multiple Delhi Police EOW FIRs and an SFIO complaint against the company’s promoters and directors.Read more

04 Jun 2026

• Odisha is preparing to launch 47 national highway projects worth INR 12,102 crore after completing 49 road infrastructure projects valued at INR 1,721 crore.
• The upcoming projects include bypasses, bridges and corridor upgrades aimed at improving regional and inter-district connectivity.
• A state-level review assessed the status of ongoing, tender-stage and pending highway works to accelerate implementation timelines.
• The planned investments form part of a broader effort to strengthen Odisha's transport network and support economic growth through improved road infrastructure.Read more

04 Jun 2026

Disney India has leased approximately 1.75 lakh sq ft of office space at Embassy TechVillage in Bengaluru under a five-year agreement, marking one of the larger office transactions in the city this year. The lease, carrying a monthly rental of about INR 2.01 crore, covers multiple floors within the business park. The transaction reflects sustained demand for premium office assets in Bengaluru from global occupiers, particularly in the technology, media and services sectors, amid continued expansion of corporate operations in India.Read more

04 Jun 2026

The Central Road Research Institute (CRRI) carried out a detailed study of Layout Pooling Scheme (LPS) roads being developed in Amaravati, focusing on internal road networks and associated civic infrastructure. Over a two-day field visit, the team examined construction progress across multiple LPS zones, including drainage, sewerage systems, and power line planning. Findings were presented to the Amaravati Development Corporation (ADC) leadership. The study also included technical recommendations on road design standards based on traffic load requirements for both internal and trunk roads in the capital region.Read more

04 Jun 2026

BEST has approved the transfer of its Dharavi and Kalakilla bus depots in Mumbai for the Dharavi Redevelopment Project, facilitating the handover of 11.58 acres of land. The decision enables project developer Navbharat Mega Developers Pvt Ltd (NMDPL) to proceed with redevelopment plans while maintaining bus operations through temporary facilities. The depots will eventually be replaced by new multi-storey transport hubs. The move removes a key operational hurdle for the INR 96,000 crore Dharavi Redevelopment Project currently underway.Read more

04 Jun 2026

British Land has appointed Joanne McNamara as its new chief executive officer, filling the leadership position left vacant after Simon Carter’s departure earlier this year. McNamara joins from Oxford Properties, where she serves as executive vice president of its European business. Her appointment comes at a time when the company continues to benefit from strong demand for high-quality office space, particularly from artificial intelligence and technology firms. British Land recently reported annual underlying profit ahead of market expectations, supported by resilient leasing activity across its commercial property portfolio.Read more

04 Jun 2026

• The extended section of the Mrinaltai Gore flyover in Mumbai is set to open on June 6, improving connectivity in the western suburbs.
• The project aims to streamline traffic movement in Goregaon and reduce congestion on key arterial routes.
• Officials expect significant reduction in travel time for commuters using the upgraded corridor.
• The upgraded infrastructure is also expected to ease peak-hour bottlenecks by diverting vehicular load from surrounding internal roads.Read more

04 Jun 2026

• Supply chain operator Prozo has expanded its logistics presence in Maharashtra with a new 50,000 sq ft fulfilment centre in Bhiwandi, Thane district.
• The facility is designed to support FMCG, fashion and lifestyle, and healthcare distribution requirements across the state.
• With this addition, Prozo now operates seven fulfilment centres in Maharashtra, covering a total warehousing footprint of 4.1 lakh sq ft.
• The expansion reinforces Bhiwandi’s position as a key warehousing hub within western India’s logistics network.Read more

04 Jun 2026

Maharashtra and Finland have strengthened cooperation on circular economy and waste-to-value systems, with key participation from Maharashtra Chief Secretary Rajesh Aggarwal, IAS, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, and Consul General of Finland Erik af Hällström. The discussions were held during a circular economy conclave hosted by MMRDA and the Consulate General of Finland in Mumbai. The engagement comes ahead of the World Circular Economy Forum 2026 in India and reflects ongoing collaboration involving Chief Minister Devendra Fadnavis and Finnish leaders, including Ville Tavio and President Alexander Stubb, focused on sustainability, recycling and clean energy initiatives.Read more

04 Jun 2026

European luxury brands are increasing their focus on the United States as affluent consumers continue to support demand despite broader economic uncertainties. Strong stock market performance, rising wealth linked to the technology and artificial intelligence sectors, and steady income growth among high-net-worth individuals have made the US a key growth market for luxury retailers. Luxury groups are opening more stores, hosting major fashion events, and expanding into emerging affluent cities. The trend comes as weaker consumer sentiment in Europe, slowing growth in China, and geopolitical tensions affecting global travel continue to weigh on luxury spending in several other markets.Read more

Lucknow News Desk

04 Jun 2026

The Lucknow administration has approved 48 road construction and strengthening projects worth INR 11.66 crore in Sarojini Nagar under the Chief Minister Rapid Road Development Scheme. The works will cover nearly 10 km of internal and connecting roads across the constituency, aimed at improving local connectivity and easing commuter movement. The initiative also includes ongoing civic upgrades such as improved street lighting and infrastructure strengthening in several villages. Officials said the projects have been launched in phases to enhance road quality and address long-pending connectivity gaps in the area.Read more

04 Jun 2026

The Enforcement Directorate (ED) has initiated an investigation into Vedanta Group under the Foreign Exchange Management Act (FEMA) and conducted searches at multiple company premises across India. The probe is examining certain foreign exchange-related transactions, including a 2023 instance in which Vedanta Resources, the London-based parent company, reportedly refunded part of a brand fee to Vedanta Ltd. The agency is also reviewing other corporate structures within the group. Vedanta has acknowledged the regulatory action and stated that it is fully cooperating with authorities while continuing to comply with all applicable laws and regulations.Read more

04 Jun 2026

• KPIL and its international subsidiaries have secured new orders worth approximately INR 2,002 crore across power transmission & distribution, buildings & factories, and railways businesses.
• The contracts include overseas T&D projects, repeat orders in the construction segment and a metro rail-related railway project in India.
• The latest wins strengthen KPIL’s presence in key international markets while reinforcing its position across core infrastructure sectors and supporting future growth visibility.Read more

04 Jun 2026

• The Maharashtra government has formally taken ownership of Mumbai’s iconic Air India Building at Nariman Point through a completed acquisition worth INR 1,601 crore.
• The transaction involves the transfer of the 23-storey sea-facing commercial structure from Air India Assets Holding Limited to the state government.
• The acquisition is aimed at addressing the state’s office space constraints by consolidating multiple government departments under one centrally located facility.
• The move follows approvals from the Centre and the state cabinet, with funds already transferred and agreement formalities completed in early June 2026.Read more

04 Jun 2026

• Punjab RERA has directed a builder to refund excess amounts collected from homebuyers and obtain pending completion certificates for the project.
• The authority found that additional charges linked to area changes could not be imposed without proper contractual backing and buyer consent.
• Homebuyers had challenged extra financial demands and raised concerns over the project's regulatory compliance.
• The order reinforces RERA's stand on transparency, buyer protection and adherence to approved project commitments.
• The ruling also highlights the importance of securing statutory approvals before project handover and possession.Read more

04 Jun 2026

Delhi International Airport Limited (DIAL) is expected to finalise a new 20-year master plan for Indira Gandhi International Airport (IGIA) within the next two to two-and-a-half months, outlining the airport’s long-term infrastructure and operational strategy. The plan will account for evolving airline business models, changing market dynamics, passenger growth and future infrastructure requirements. The development comes as IGIA, India’s busiest airport, handled 78.7 million passengers during FY 2025-26 and continues to prepare for future capacity expansion. The master plan is expected to address terminal development, airside infrastructure and operational requirements while supporting Delhi’s ambition to strengthen its position as a major aviation hub amid increasing competition and changing traffic patterns.Read more

04 Jun 2026

• The Income Tax Appellate Tribunal (ITAT) has upheld a family settlement involving transfer of a Delhi property to a daughter-in-law, rejecting the Revenue Department’s tax claim.
• The Tribunal held that the registered gift deed merely formalised an existing family settlement and did not constitute a taxable transfer under the Income Tax Act.
• ITAT also ruled that provisions relating to taxation of certain gifts and property transfers were not applicable, dismissing the Revenue’s appeal against the taxpayer.Read more

04 Jun 2026

Adani Group companies reported record capital expenditure of INR 1.53 lakh crore and an all-time high EBITDA of INR 94,834 crore in FY26, reflecting a strong push towards infrastructure development across energy, utilities, transport and logistics. The group commissioned several major projects, including renewable energy assets, battery storage systems, Navi Mumbai International Airport and the Ganga Expressway. Despite significant investments, leverage remained below the group's stated threshold, while liquidity levels stayed strong. The performance highlights Adani Group's ongoing focus on infrastructure, energy transition and logistics as key long-term growth drivers.Read more

04 Jun 2026

• The long-pending four-laning of the Trichy–Karaikudi National Highway has been revived, with updated planning incorporating elevated corridor sections at critical congestion points.
• The project aims to upgrade the existing two-lane highway into a four-lane standard to improve regional connectivity in central Tamil Nadu.
• Detailed Project Report (DPR) preparation has reached an advanced stage, with alignment refinement and engineering studies underway for key stretches.
• The proposal includes two elevated corridors designed to bypass high-density traffic zones and improve safety and travel efficiency along the corridor.Read more

04 Jun 2026

• Odisha State Housing Board (OSHB) is planning four new residential projects that will add 6,877 housing units in Bhubaneswar and Rourkela.
• More than 1,800 units have been earmarked for affordable housing categories, including EWS and LIG segments.
• The projects include developments at Suango, Patrapada, Ranasinghpur and Basanti Colony.
• OSHB is also expanding its housing footprint across district headquarters while continuing multiple ongoing projects across Odisha.
• The move is aimed at addressing rising urban housing demand and improving access to affordable homes in key growth centres.Read more

04 Jun 2026

• Hungary’s central bank has reported that the country’s banking system remained well-capitalised during 2025, while cautioning that risks in the housing market have increased.
• The National Bank of Hungary said house prices rose by 23.5% in nominal terms during 2025, contributing to higher market overvaluation.
• Housing market overvaluation increased to 22.5%, raising concerns about the potential for future price corrections.
• Borrowers’ average loan-to-value ratio rose significantly following the introduction of a subsidised mortgage programme for first-time homebuyers.
• The central bank noted that stable debt-service-to-income ratios and fixed-rate mortgages continue to support household repayment capacity.Read more

04 Jun 2026

• Residents of Vatika India Next and nearby sectors continue to face a nearly seven-kilometre detour to access the Dwarka Expressway due to two incomplete road links.
• The missing connections are linked to land acquisition, right-of-way constraints and pending infrastructure works across sectors in New Gurugram.
• GMDA records show that one link could not proceed because land was not handed over, while another required realignment owing to site constraints.Read more

04 Jun 2026

The Maharashtra cabinet has approved a proposal to secure financial assistance from the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) for major road infrastructure projects across the state. The funding is expected to support Phase III of the Chief Minister's Gram Sadak Yojana and the Maharashtra State Road Improvement Project, aimed at enhancing road connectivity and transport infrastructure. The cabinet also approved the expansion of Hyderabad (Sind) National Collegiate University in Mumbai by bringing six educational institutions under its framework, strengthening higher education infrastructure in the city.Read more

04 Jun 2026

• The Supreme Court has pulled up the Jaipur Development Authority (JDA) for failing to act against commercial establishments operating in residential areas of Jaipur.
• The court expressed dissatisfaction over JDA's failure to file a compliance affidavit and provide details of action taken despite earlier directions.
• The bench observed that planning authorities have a responsibility to protect the residential character of designated housing zones.
• The case is linked to a wider exercise ordered by the Supreme Court to identify and address unauthorized commercial use of residential properties across cities.
• The matter highlights growing judicial scrutiny of urban planning violations, zoning compliance and enforcement by development authorities.Read more

04 Jun 2026

• The Dalmandi road widening project in Varanasi has gained momentum, with 112 buildings demolished so far as part of a major infrastructure upgrade.
• The project aims to widen the congested 650-metre stretch connecting Naisadak and Chowk, improving access to the Kashi Vishwanath Dham corridor.
• Nearly 187 properties have been identified for acquisition and demolition under the project, which carries an estimated cost of around INR 224 crore.
• Authorities have completed compensation and acquisition procedures for several affected property owners, allowing demolition work to progress.
• The redevelopment is expected to ease congestion, improve pedestrian movement and strengthen connectivity within Varanasi's historic commercial district.Read more

Hyderabad News Desk

04 Jun 2026

• A 5.09-acre land parcel in Hyderabad’s Raidurg was sold through an e-auction at INR 204 crore per acre, generating around INR 1,040 crore for the Telangana government.
• The plot was acquired by Vamsiram Builders, making it the second major land transaction in Raidurg within a span of days.
• The sale follows a recent auction of a 6.29-acre parcel that fetched a record INR 237 crore per acre.
• Together, the two transactions have generated nearly INR 2,529 crore from 11.38 acres of land.
• The strong bidding reflects sustained demand for premium commercial land in Hyderabad’s established IT and business corridor.Read more

04 Jun 2026

• The Ministry of Railways has approved a new stoppage for the Solapur–Hassan Express at Channarayapatna railway station in Karnataka's Hassan district.
• The halt addresses a long-pending demand from local residents and is expected to improve connectivity to Channarayapatna and the nearby pilgrimage centre of Shravanabelagola.
• The announcement was made by Union Minister of State for Railways and Jal Shakti V. Somanna during a South Western Railway programme.
• Railway infrastructure projects, including station redevelopment works in Hassan, Arsikere and Sakleshpur, are also progressing under ongoing modernization initiatives.
• The move is expected to benefit daily commuters, pilgrims and regional travellers while strengthening rail access across the district.Read more

04 Jun 2026

• Ganesh Real Estate Management Institute (GREMI) has inaugurated its City Campus at Million Minds Tech City in Ahmedabad and will begin academic operations from August 2026.
• The institute is Gujarat’s first AICTE-approved standalone institution dedicated exclusively to real estate education and management.
• GREMI is backed by an initial investment commitment of INR 500 crore and plans to develop a 100-acre integrated university campus in Ahmedabad.
• The first batch will comprise around 70 students enrolled in the Postgraduate Certificate in Management (PGCM) in Real Estate Development and Management.
• The institution aims to create a structured education ecosystem for the built environment sector, covering urban planning, real estate finance, construction technology, governance and sustainability.Read more

04 Jun 2026

• Madhya Pradesh is witnessing a sharp rise in fly ash brick prices, increasing input costs for housing and construction projects.
• Developers have raised concerns over the impact on project budgets and residential construction expenses.
• Industry stakeholders said the increase could eventually affect homebuyers through higher property costs.
• The issue has intensified concerns over rising material prices amid ongoing residential and infrastructure development across the state.Read more

Gurugram News Desk

04 Jun 2026

• The Punjab and Haryana High Court has clarified that protection from enforcement action applies only to property owners directly involved in the ongoing litigation related to building violations in Gurugram.
• The ruling allows the Department of Town and Country Planning (DTCP) to proceed against thousands of other properties facing allegations of unauthorized construction and misuse.
• The matter is linked to violations reported across DLF Phases 1 to 5, including excess floor coverage, additional floors and commercial activities in residential properties.
• Authorities had previously identified over 5,000 suspected violations and issued notices to property owners.
• The decision is expected to strengthen compliance measures and accelerate enforcement action across several residential colonies in Gurugram.Read more