23 minutes ago

The Gujarat government has begun work on a comprehensive electric vehicle (EV) charging station policy to strengthen charging infrastructure and support the state's transition towards cleaner mobility. The proposal was discussed during a state cabinet meeting, where Chief Minister Bhupendra Patel directed officials to prepare the policy. The initiative aims to improve the availability of EV charging stations, promote the use of electric vehicles, and encourage the adoption of green energy. It is expected to complement Gujarat's ongoing efforts to expand sustainable transport infrastructure.Read more

53 minutes ago

InCred Alternative Investments has led an INR 230 crore funding round in Adage Automation, with its private equity platform contributing INR 180 crore. The investment also saw participation from Global South Capital and Prachetas Capital. The fresh capital will be used to strengthen the company's AI-driven industrial technologies, engineering capabilities, manufacturing capacity and international operations. Adage Automation also plans to expand its presence across key global markets while enhancing digital solutions that improve efficiency, predictive maintenance, regulatory compliance and sustainability for process industries.Read more

1 hour ago

The Pune Metropolitan Region Development Authority (PMRDA) will prepare a structural development plan to guide the Pune Metropolitan Region's growth over the next two decades, with a focus on infrastructure, transport and decentralised economic development. Speaking at the PROP CONNECT 2026 real estate conference in the past week, PMRDA Commissioner Dr Abhijit Chaudhari said the draft plan would be prepared shortly and finalised within 18 months. The proposed roadmap includes the development of 18 Growth Centres under initiatives of NITI Aayog and the Maharashtra government, alongside major transport projects such as Metro Line 3, the regional ring road and the proposed international airport. PMRDA said the strategy will initially prioritise infrastructure planning before land-use zoning, while supporting balanced urban expansion, employment generation and improved regional connectivity.Read more

1 hour ago

Every weekend, thousands of Mumbai residents hit the highway in search of a quick escape. Their eyes are fixed on famous destinations, their playlists are queued up, and their GPS is set to the usual suspects. But somewhere along these routes lie riverside towns that rarely make it onto travel itineraries. These are places where rivers still dictate the pace of life, where old bridges have witnessed generations pass by, and where the beauty isn't advertised on billboards. Here are nine such riverside towns that most tourists drive past often without knowing the stories they hold.Read more

1 hour ago

Indonesia's sovereign wealth fund Danantara has started construction of its first waste-to-energy plant in Bali, marking a key step in its clean energy and waste management plans. The facility will process 1,500 metric tons of waste every day and is expected to attract an investment of around IDR 3 trillion (USD 166.62 million). The project is scheduled to begin operations in the first half of 2028 and forms part of Danantara's broader plan to develop similar facilities in 33 cities across Indonesia to address growing waste management challenges.Read more

2 hours ago

The Himachal Pradesh government has inaugurated a 33/11 kV power substation at Patlander in the Sujanpur Legislative Assembly Constituency of Hamirpur district, developed at a cost of INR 7.54 crore. Chief Minister Sukhvinder Singh Sukhu virtually inaugurated the facility in the past week, stating that it has been supported by a 7.2-km 33 kV HTSC transmission line connecting Chabutra and Ansla. The project is expected to provide a more reliable electricity supply to around 14,000 residents across 16 Gram Panchayats, including Patlander, Rangar and Chauri. The government said the infrastructure will address rising electricity demand while reducing transmission losses through shorter power lines and interconnected feeders.Read more

2 hours ago

• The Chandigarh Estate Office more than doubled its revenue recovery in FY 2025-26, collecting INR 335.05 crore, compared to INR 164.5 crore in the previous financial year.
• The increase was driven by stricter recovery of pending dues, improved enforcement and faster disposal of property-related cases.
• Collections also received a boost from property auctions, conversion charges and other estate-related receipts as the administration intensified efforts to improve revenue generation.
• Officials plan to continue the recovery drive and expand the use of digital systems to improve efficiency in property administration and revenue collection.Read more

2 hours ago

The Punjab and Haryana High Court has directed Oberoi Realty not to make any fresh allotments or create third-party rights in its Three Sixty North residential project in Gurugram until the Haryana Department of Town and Country Planning (DTCP) decides a complaint challenging the project's licence. The complaint, filed by Advance India Projects Ltd (AIPL), alleges violations of foreign direct investment (FDI) norms and provisions of the Haryana Development and Regulation of Urban Areas Act, 1975. The court has instructed the DTCP director to dispose of the complaint, currently listed for hearing on July 20, within the prescribed timeframe. Oberoi Realty has clarified that the order does not affect existing sales or construction activity and believes it will not materially impact its business operationsRead more

3 hours ago

MasTec has announced plans to acquire electrical contractor Superior Group in a USD 1.65 billion cash-and-stock deal to expand its presence in the rapidly growing data centre infrastructure market. The acquisition will strengthen MasTec's electrical systems capabilities as demand for AI-driven digital infrastructure continues to rise. The company expects the transaction to boost both revenue and profitability, with Superior projected to contribute significantly to financial performance during the remainder of 2026. The deal is expected to close by mid- to late-July, subject to customary closing conditions.Read more

3 hours ago

Uttar Pradesh Chief Minister Shri Yogi Adityanath has approved infrastructure projects worth INR 9,668 crore for Prayagraj to strengthen the city's transport network, civic amenities and public infrastructure. The projects, covering roads, bridges, flyovers, drainage systems and water supply, form part of the state's broader development strategy for the Prayagraj division. By focusing on improved urban connectivity and essential civic services, the government aims to support future population growth, attract investment and enhance the quality of life, while reinforcing Prayagraj's role as a key economic and administrative centre in Uttar Pradesh.Read more

4 hours ago

• The long-running dispute between the Telangana government and the State Bank of India (SBI) over premium land in Hyderabad's Raidurg area has moved towards resolution through an agreement on alternate land allotment.
• Instead of the originally auctioned parcel, SBI will receive alternative plots identified by the state government, paving the way for the withdrawal of legal proceedings.
• The settlement is expected to remove uncertainty surrounding the high-value property, restore investor confidence and facilitate future development in one of Hyderabad's key commercial districts.
• Officials believe the agreement marks a pragmatic solution after years of litigation over ownership and auction rights.Read more

4 hours ago

GMR Airports Ltd has announced a phased modernisation and expansion plan for Dr Babasaheb Ambedkar International Airport in Nagpur, beginning with an initial investment of INR 300 crore. The project aims to improve passenger facilities, expand airport infrastructure and increase annual passenger handling capacity from 3 million to 30 million during the concession period. The roadmap also includes the development of a cargo hub, Aerocity project, a new passenger terminal, second runway and other long-term infrastructure to strengthen Nagpur's position as a key aviation and logistics centre in central India.Read more

Mumbai News Desk

5 hours ago

• A luxury sea-facing apartment at Palais Royale in Worli has been sold for INR 162.2 crore, making it one of Mumbai's highest-value residential transactions this year.
• The transaction involved a premium apartment spanning over 13,000 sq ft, reflecting sustained demand for ultra-luxury homes in South Mumbai.
• The deal translates to a per sq ft price exceeding INR 1 lakh, underscoring the continued strength of Mumbai's high-end residential market.
• Industry experts believe such marquee transactions highlight strong buyer confidence in prime waterfront properties despite broader market fluctuations.Read more

5 hours ago

Karnataka Rural Development and Panchayat Raj Minister Shri Eshwar Khandre has dismissed allegations by Union Minister Shri H D Kumaraswamy that the state Forest Department encroached on HMT land in Bengaluru to facilitate real estate development. Shri Khandre maintained that HMT itself had encroached on non-diversified forest land and sold roughly 165 acres for INR 300 crore. He said eviction orders already issued rule out further commercial use, and reiterated plans for a 444-acre biodiversity park larger than Lalbagh and Cubbon Park combined.Read more

6 hours ago

Tata Power has unveiled an ambitious growth roadmap, targeting annual revenue of INR 1 lakh crore and net profit of INR 10,000 crore by 2030. Announcing the plans at the company's Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran outlined expansion across renewable energy, power generation, transmission, distribution, manufacturing and customer-centric energy solutions. The company also plans to establish a new 10 GW solar manufacturing facility in Odisha while exploring opportunities in nuclear energy, including small modular reactors (SMRs), as part of its long-term strategy to support India's clean energy transition.Read more

6 hours ago

The Centre has approved nine urban infrastructure projects worth INR 427 crore for Buxar under the Urban Challenge Fund, marking a significant boost to the city's planned urban transformation. The projects focus on improving civic infrastructure, public amenities and urban mobility while supporting Buxar's long-term development objectives. Planned interventions include riverfront development, road upgrades, public spaces and other essential urban facilities aimed at enhancing liveability and attracting investment. The approvals are expected to strengthen the city's infrastructure, promote sustainable urban growth and improve the quality of life for residents.Read more

7 hours ago

• Planned as Chennai's second international airport, the proposed Parandur Greenfield Airport is expected to expand the city's aviation capacity and support long-term economic and industrial growth.
• Despite the project's strategic importance, residents of Ekanapuram and nearby villages have continued to oppose it, citing concerns over land acquisition, displacement, loss of fertile farmland and the impact on local water resources.
• The Tamil Nadu government has initiated land acquisition and announced compensation and rehabilitation measures, while maintaining that the airport is critical to meeting the region's future connectivity needs.
• As the protest stretches beyond 1,000 days, the project has become a prominent example of the challenges involved in balancing infrastructure development with environmental sustainability and community interests.Read more

Mumbai News Desk

7 hours ago

More than 2,200 sewer manholes across Mumbai remain without protective grills despite the Brihanmumbai Municipal Corporation's monsoon preparedness deadline having passed. The disclosure comes days after a fatal manhole accident in Saki Naka and amid scrutiny from the Bombay High Court over civic safety measures. The pending installations, delayed by road concreting works and logistical constraints, have raised concerns over urban infrastructure maintenance, public safety and the city's preparedness during the ongoing monsoon. The BMC has now set July 26 as the revised completion deadline.Read more

8 hours ago

The Belagavi City Corporation (BCC) has intensified its campaign against single-use plastics as part of its broader mission to make the city waste-free and environmentally sustainable. The initiative combines stricter enforcement with awareness programmes and stakeholder engagement, encouraging hotels, restaurants, retailers and other commercial establishments to switch to biodegradable packaging alternatives. By reducing plastic waste at its source and promoting responsible disposal practices, the civic body aims to improve urban sanitation, protect the environment and strengthen Belagavi's solid waste management system through greater public and business participation.Read more

8 hours ago

Swedish real estate company Wallenstam reported higher profit for the first half of the year, supported by gains in the value of its investment properties despite flat rental income. The company maintained a strong occupancy rate of 97% and achieved a 91% commercial lease renewal rate, reflecting stable tenant demand. Wallenstam also increased investments in new construction and reconstruction projects while maintaining a strong financial position. The company said it expects continued progress across its property portfolio and development projects during the remainder of the year.Read more

9 hours ago

The Delhi Traffic Police has launched a month-long road safety campaign to promote responsible driving behaviour and reduce road accidents across the national capital. The initiative will focus on public awareness, stricter enforcement of traffic regulations and community engagement through educational programmes, street plays and outreach activities. Authorities will collaborate with schools, colleges, resident welfare associations and civil society organisations to encourage adherence to traffic rules. The campaign is part of the police's broader efforts to improve road safety, enhance public participation and foster a culture of responsible road use in Delhi.Read more

Delhi News Desk

9 hours ago

Delhi-NCR recorded its highest-ever quarterly flex office leasing in Q2 2026, with flexible workspace operators accounting for 45% of the 3.6 million sq ft of gross office leasing, according to CBRE. The surge was driven by rising demand from global capability centres (GCCs), technology firms and enterprise occupiers seeking scalable workspaces. Strong absorption, a growing supply pipeline and increasing preference for managed offices reinforced Delhi-NCR's position as India's leading flex office market during the quarter, signalling sustained momentum in commercial real estate.Read more

10 hours ago

India and Indonesia have reaffirmed their Comprehensive Strategic Partnership during Prime Minister Narendra Modi's state visit to Jakarta, announcing a broad roadmap to deepen cooperation across defence, maritime security, trade, critical minerals, digital connectivity and infrastructure. The two countries agreed to strengthen economic engagement, enhance connectivity through port and air links, expand collaboration in strategic sectors and promote regional stability. Several agreements were exchanged during the visit, reflecting the shared commitment to advancing bilateral ties and supporting sustainable economic growth.Read more

10 hours ago

Chongqing Construction Engineering Group has announced that one of its subsidiaries, as part of a consortium, has secured a construction project valued at approximately CNY 1.1 billion (around USD 161.86 million). The latest contract adds to the company's order book and reflects its continued participation in large-scale infrastructure and construction projects in China. The company has regularly won major engineering contracts through its subsidiaries and consortium partnerships, supporting its execution pipeline and strengthening its presence in the country's construction sector.Read more

11 hours ago

The Amaravati Growth Infrastructure Corporation Ltd (AGICL) has invited bids for the construction of the official residence of the Chief Justice in Amaravati at an estimated cost of nearly INR 14 crore. The project forms part of the Andhra Pradesh government's ongoing capital city development programme and includes a two-storey residential bungalow with associated services and landscaping. The tender adds to the pipeline of judicial and administrative infrastructure projects currently under execution in Amaravati, supporting the phased development of the state's institutional and governance precinct.Read more

Mumbai News Desk

11 hours ago

• Heavy monsoon rains and strong winds disrupted operations at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA), leading to the cancellation of 17 flights and delays affecting more than 200 services.
• The India Meteorological Department (IMD) issued a Red Alert for Mumbai and surrounding districts, warning of extremely heavy rainfall, strong winds and the possibility of flooding and transport disruptions.
• Airlines, including IndiGo, Air India, Akasa Air and SpiceJet, issued travel advisories urging passengers to check flight schedules before heading to the airport, while authorities monitored operations closely.
• Despite the disruptions, airport authorities continued operations with precautionary measures, while emergency agencies remained on high alert as forecasts indicated continued heavy rainfall across the Mumbai Metropolitan Region.Read more

12 hours ago

Swiss healthcare real estate company Infracore has announced a market capitalisation of CHF 826 million (around USD 1 billion) ahead of its stock market debut in Zurich. The valuation is based on a fixed offer price of CHF 54 per share, with about 27.5% of the company's shares available for public trading. The listing marks a key milestone for Infracore as it enters the public market, while maintaining a majority of its shares with existing shareholders. The company operates in Switzerland's healthcare real estate sector.Read more

12 hours ago

India marked another milestone in its semiconductor journey with the inauguration of CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. Addressing the event, Prime Minister Narendra Modi said the country is steadily building a complete semiconductor ecosystem that spans chip design, fabrication, packaging and advanced manufacturing. He highlighted the sector’s potential to create employment across research, engineering, manufacturing and supply chains, while emphasising skill development, innovation and ease of doing business. The facility forms part of India’s broader push to strengthen technological self-reliance and expand its role in the global semiconductor value chain.Read more

13 hours ago

Frasers Property has announced plans to divest five assets in Australia through a proposed transaction valued at AUD 288.6 million (SGD 258.4 million). The move forms part of the company's ongoing portfolio management strategy as it continues to optimise its asset base and recycle capital. Frasers Property has regularly undertaken similar transactions across its global markets to strengthen its balance sheet and support future investments. The company has not disclosed additional details on the assets involved or the prospective buyer in its initial announcement.Read more

09 Jul 2026

Yuexiu Property has announced that one of its subsidiaries will acquire a 70.3% effective interest in Hangzhou Binfeng Real Estate Development as part of its ongoing expansion strategy. The total consideration for the transaction includes an equity payment of RMB 363.6 million along with other components. The acquisition is expected to strengthen the company's presence in Hangzhou, one of China's key property markets. Yuexiu Property has continued to pursue selective investments in high-potential projects while maintaining its focus on expanding its development portfolio.Read more

09 Jul 2026

India is preparing to expand its semiconductor incentive framework under the proposed Semicon 2.0 programme, moving beyond support for fabrication units to encourage investments across the broader semiconductor value chain. Recommendations in the national roadmap call for stronger backing for advanced packaging, compound semiconductors, critical materials, research infrastructure, talent development and strategic partnerships. The proposed framework also outlines new financing mechanisms, manufacturing clusters and export support aimed at strengthening India's long-term position in the global semiconductor industry while reducing dependence on imports.Read more

09 Jul 2026

Madhya Pradesh, Gujarat, Rajasthan and Maharashtra signed a one-time settlement agreement in New Delhi resolving decades-old payment and cost-sharing issues linked to the Narmada Award and the Sardar Sarovar Project. The pact was signed in the presence of Union Home Minister Shri Amit Shah and Union Jal Shakti Minister Shri C R Patil, along with the chief ministers of all four states. The agreement addresses outstanding compensation and rehabilitation-related dues tied to submergence and land acquisition under the project.Read more

Ahmedabad News Desk

09 Jul 2026

• The Ahmedabad Municipal Corporation (AMC) plans to widen roads along the Kharicut canal into three-lane corridors to improve traffic flow and strengthen connectivity across the city's eastern neighbourhoods.
• The road expansion forms part of a larger redevelopment programme that integrates canal rejuvenation, drainage upgrades and lake interlinking to improve urban infrastructure and flood management.
• By utilising the Kharicut canal corridor as a mobility route, the civic body aims to ease congestion on existing arterial roads while enhancing access to residential, industrial and commercial areas.
• The project reflects AMC's integrated urban planning approach, combining transport infrastructure, water management and public space development to support Ahmedabad's long-term growth and improve the city's resilience to future urban challenges.Read more

09 Jul 2026

Swedish Logistic Property (SLP) has announced the development of a new 5,000 square metre logistics facility in Eskilstuna after acquiring land in the Eskilstuna Logistics Park from the Municipality of Eskilstuna. The company has already secured a 12-year lease agreement for the upcoming property, providing long-term occupancy visibility. The project is expected to generate an annual rental value of around SEK 6.5 million, with the tenant scheduled to take occupancy at the beginning of the fourth quarter of 2027. The development is part of SLP's strategy to expand its logistics property portfolio.Read more

Mumbai News Desk

09 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) will consult experts from IIT Bombay and the University of Mumbai to study the causes of tree falls across the city after recent monsoon incidents. Municipal Commissioner Ashwini Bhide said ongoing road concretisation cannot be solely blamed for uprooted trees, citing multiple contributing factors such as ageing trees, heavy rainfall, strong winds and soil conditions. The civic body plans to adopt a scientific approach to strengthen urban tree management and improve public safetyRead more

09 Jul 2026

The Central Information Commission (CIC) has advised the Municipal Corporation of Delhi (MCD) to proactively disclose records relating to residential lift installations, including building plans, approvals, maps and associated documents, in the wider public interest. The advisory was issued in the past week while disposing of a show-cause proceeding against an MCD Public Information Officer (PIO) over delays in providing information under the Right to Information (RTI) Act. Information Commissioner Vinod Kumar Tiwari observed that records relating to lift installation permissions have recurring public relevance and should be placed in the public domain to improve transparency and reduce the need for individual RTI applications. The Commission accepted the PIO's explanation for the delay and decided against initiating penal action.Read more

09 Jul 2026

Heavy rainfall triggered flash floods and landslides in Jammu and Kashmir's Doda district, causing extensive damage to homes, roads, vehicles and public infrastructure while disrupting connectivity across several areas. Overflowing streams inundated residential settlements, prompting rescue and restoration efforts by local authorities. Road links were blocked by debris and damaged culverts, affecting transportation and access to remote villages. Officials have begun assessing losses as the India Meteorological Department has warned of continued heavy rainfall across parts of the Union Territory.Read more

09 Jul 2026

The Commission for Air Quality Management (CAQM) has reported 62 violations of pollution control norms across construction and demolition (C&D) sites, industrial units and diesel generator set operations in the National Capital Region (NCR) during inspections conducted between June 14 and June 30. The findings were reviewed during the Enforcement Task Force's 134th meeting held in the past week. Authorities carried out 173 inspections, including checks at C&D sites, industrial clusters and diesel generator installations. Following compliance verification, seven resumption orders were issued for construction sites, with two granted in Uttar Pradesh and five in Haryana. The CAQM said enforcement agencies had acted on all identified violations and reiterated the need for strict compliance with environmental regulations and stronger inter-agency coordination to improve air quality across the NCR.Read more

09 Jul 2026

Mainland China and Hong Kong equity markets closed lower after property stocks led broad-based declines, reflecting continued concerns over the country's real estate sector and slowing economic growth. Investors remained cautious ahead of key domestic economic indicators expected over the coming days and awaited the release of minutes from the U.S. Federal Reserve's latest policy meeting for signals on future interest rates. Fresh projections from the World Bank indicating slower economic growth over the next two years also added to market pressure, while authorities continued efforts to strengthen Hong Kong's role as an offshore yuan trading hub.Read more

09 Jul 2026

The Centre is preparing a Model Own Source Revenue (OSR) Rules Framework to help states strengthen the financial independence of Panchayati Raj Institutions (PRIs) and improve local revenue mobilisation. The proposal was announced during a national workshop on implementing the Sixteenth Finance Commission's recommendations, which allocate INR 4.35 lakh crore to Rural Local Bodies between 2026-27 and 2030-31. Alongside enhanced fiscal devolution, the government has urged states to improve preparedness for performance-based grants, adopt digital governance platforms and build financially resilient panchayats capable of delivering more effective grassroots governance.Read more

09 Jul 2026

After spending close to four decades in the corporate sector, real estate sales veteran Vineet Nanda has concluded his corporate career with BPTP Ltd. While stepping away from executive roles, he will continue to remain associated with the real estate industry through community-focused initiatives. During his career, Nanda held leadership positions at several leading developers, contributed to more than USD 6 billion in residential sales, built a nationwide network of over 40,000 channel partners, and received multiple industry recognitions for his work in the luxury real estate segment.Read more

09 Jul 2026

Nestle Business Solutions (NBS) has announced the establishment of a Global Capability Centre (GCC) in Hyderabad in partnership with Genpact. The new centre will support Nestle's global operations by leveraging artificial intelligence, automation, data analytics and digital technologies. It will operate under Nestle Business Services India Private Limited and strengthen the company's global business support capabilities. The initiative also reinforces Hyderabad's position as a preferred destination for multinational companies establishing Global Capability Centres in India.Read more

Chennai News Desk

09 Jul 2026

• Real estate developers have urged the Tamil Nadu government to review planning restrictions imposed around the Pallikaranai Marsh after its designation as a Ramsar wetland.
• CREDAI Chennai has called for a scientific delineation of the marsh's influence zone, arguing that the current planning freeze has affected over one lakh patta landowners and stalled development across parts of South Chennai.
• The industry body estimates the restrictions could delay economic activity worth around INR 72,000 crore while impacting housing, infrastructure and employment.
• It has sought a balanced approach that protects the ecologically sensitive wetland without unnecessarily restricting legally owned private land.Read more

09 Jul 2026

Speciality Restaurants Limited has expanded its hospitality portfolio with the launch of Gong, a premium Pan Asian restaurant in Mumbai's Bandra. The new outlet marks the company's focus on modern, experience-driven dining concepts designed to appeal to evolving consumer preferences. Gong combines progressive Asian cuisine, contemporary interiors and premium hospitality while introducing a scalable restaurant format with higher average spending potential and operational efficiency. The launch also reflects the company's broader strategy of strengthening its presence across premium dining segments while building future-ready hospitality brands alongside its established restaurant portfolio.Read more

09 Jul 2026

Eastnine AB has signed an agreement with Belgian developer Ghelamco to acquire The Bridge, a 40-storey office tower in Warsaw, at an underlying property value of EUR 300 million. The preliminary purchase price is about EUR 260 million, with the transaction expected to close in the fourth quarter of 2026, subject to financing and customary conditions. The acquisition will make Warsaw Eastnine’s largest market and is expected to increase its profit from property management per share by 20% once all tenants have occupied their premises.Read more

09 Jul 2026

• DTDC Express has commissioned Bharat One, a new integrated logistics hub in Rathiwas, Haryana, to strengthen freight movement and improve network efficiency across North India.
• The facility has been designed with advanced automation and can process up to 2,500 tonnes of shipments daily, enabling faster sorting, consolidation and distribution.
• Strategically located near key industrial and consumption centres, the hub is expected to improve connectivity across northern and western markets while supporting growing demand from e-commerce, manufacturing and retail sectors.
• The project forms part of DTDC's long-term infrastructure expansion strategy aimed at building a technology-driven and future-ready logistics network across India.Read more

09 Jul 2026

The Maharashtra government has reduced the stamp duty on the registration of 99-year lease agreements for cooperative housing societies on government land in Mumbai, lowering the rate to a maximum of 0.5% for residential properties and 1.5% for commercial properties. Revenue Minister Chandrashekhar Bawankule announced the decision in the state legislature in the past week, stating that it would provide financial relief to thousands of cooperative housing societies that had been unable to register lease agreements because of high stamp duty costs and procedural delays. The revised policy will apply uniformly across Mumbai city and suburban areas. The government has also waived the transfer premium for flats in the Bandra Kurla Complex (BKC) Reclamation area for transfers executed before 2015, benefiting around 1,500 flat owners across 91 properties.Read more

09 Jul 2026

The Central Bureau of Investigation (CBI) has filed two chargesheets in separate cases involving alleged fraud against homebuyers in Bengaluru, naming Ithaca Estate Pvt Ltd, LGCL Urban Homes (India) LLP, their directors and officials of HDFC Bank Ltd and Indiabulls Housing Finance Ltd. The chargesheets, filed before designated CBI courts in Bengaluru in the past week, allege that the accused conspired to induce homebuyers and investors through false assurances and fraudulent representations, resulting in wrongful financial gains. The agency said the cases form part of a wider Supreme Court-monitored investigation into alleged irregularities involving 34 builder companies and unidentified officials of financial institutions across the country. The CBI has so far filed 13 chargesheets in connection with these ongoing investigations.Read more

09 Jul 2026

HBR Realty has proposed acquiring up to 100% of Helbor's shares through a share-swap transaction that could result in the homebuilder being delisted from Brazil's stock exchange. Under the proposal, Helbor shareholders would receive 0.82 HBR Realty shares for each Helbor share, valuing the offer at 2.52 Brazilian reais per share, above Helbor's latest closing price. The companies believe the merger would generate operational and financial synergies, enhance market liquidity and create a stronger, more diversified real estate business, subject to approval from minority shareholders.Read more

09 Jul 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth about INR 112.9 crore, including a residential property in Texas, United States, in connection with an alleged INR 376 crore bank loan fraud case.
• The money laundering investigation pertains to Noida-based LEEL Electricals Limited and its promoters, who are accused of diverting bank funds through manipulated financial records and overseas entities.
• The attached assets include residential, commercial and industrial properties across multiple Indian states as well as the overseas property.
• The action has been taken under the Prevention of Money Laundering Act (PMLA) as the probe into the alleged diversion of loan proceeds continues.Read more