53 minutes ago

• Ventive Hospitality has filed a DRHP with SEBI for an IPO comprising a fresh issue of up to INR 20,000 million.
• The company operates 11 hospitality assets with 2,036 keys across Pune, Bengaluru and the Maldives.
• Its portfolio includes hotels such as JW Marriott Pune, The Ritz-Carlton Pune and Conrad Maldives.
• Ventive Hospitality also owns four Grade A annuity office assets in Pune spanning 3.40 million sq ft.Read more

1 hour ago

The Amaravati Development Corporation has stepped up flood control and canal modernization works ahead of the monsoon season. ADC Chairperson and Managing Director D. Lakshmi Parthasarathy inspected key bridge and canal works linked to Kondaveeti Vagu and Palavagu across several parts of Amaravati. During the inspection, officials were instructed to prevent soil accumulation near bridge pillars and improve water flow capacity in vulnerable areas. Concerns were raised over incomplete excavation depth near the Western Bypass, following which ADC coordinated with National Highways officials for corrective measures. Canal modernization works in nearby villages are also being expedited to strengthen drainage infrastructure.Read more

1 hour ago

• Germany’s residential construction sector recorded its steepest fall in business sentiment in four years during the past month.
• The Ifo institute’s business climate index for the sector dropped to minus 28.4 points from minus 19.3 points a month earlier.
• Rising geopolitical uncertainty, higher financing costs and fragile supply chains negatively impacted construction activity and market confidence.
• Around 9.2% of companies reported material supply disruptions, compared to nearly 1% seen consistently over the previous two years.
• The share of firms reporting insufficient orders remained stable at 43.8%, highlighting continued weak demand conditions in the housing market.Read more

2 hours ago

• PropTiger reported a 2% year-on-year decline in housing sales across eight major Indian cities during January–March 2026, with total sales falling to 95,973 units.
• New housing supply remained largely unchanged at 93,065 units during the quarter, reflecting cautious developer launches and limited addition of affordable homes.
• Bengaluru emerged as the strongest-performing residential market with a 33% rise in sales, while Chennai, Hyderabad and Delhi-NCR also recorded annual growth.
• Housing sales declined sharply in MMR, Pune, Kolkata and Ahmedabad, contributing to the overall moderation in residential absorption.
• The consultancy noted that inventory levels remained balanced as fresh supply additions stayed closely aligned with housing absorption across major markets.Read more

2 hours ago

The Mumbai Metropolitan Region Development Authority has completed a major phase of a foot over bridge project connecting Brahmand Junction and the Tikuji Ni Wadi Metro Station on Ghodbunder Road. Executed under difficult site conditions with an operational Metro viaduct overhead and heavy traffic movement below, the project involved the installation of four large steel girders measuring nearly 60 metres each. The operation required heavy-duty cranes, multi-axle carriers, and a team of over 60 engineers and workers. The authority said the work reflects the growing focus on integrated urban transport infrastructure and safer pedestrian connectivity in the Mumbai Metropolitan Region.Read more

3 hours ago

• Colliers India has reported nearly 30% growth in industrial and warehousing rentals across Farukh Nagar and NH-48 in Delhi-NCR during the past five years.
• The consultancy attributed the rise to occupier expansion, growing demand for institutional-grade assets and ongoing infrastructure improvements across major logistics corridors.
• Grade A industrial and warehousing stock across eight major Indian cities reached 299.2 million sq ft by the end of the first quarter of 2026, nearly double the 2021 inventory level.
• Farukh Nagar and NH-48 remain among India’s largest logistics clusters, together accounting for more than 58 million sq ft of Grade A stock.
• Colliers expects rentals across major high-activity industrial clusters to increase by 5-10% annually in the coming years amid sustained manufacturing and logistics demand.Read more

3 hours ago

Realty Income has announced its 671st consecutive common stock monthly dividend, continuing one of the longest dividend payment records among real estate investment trusts (REITs). The company has built its reputation around stable and regular shareholder payouts backed by income-generating commercial real estate assets across the United States and Europe. The latest announcement reflects the company’s continued focus on predictable cash flows and long-term investor returns despite ongoing pressure on global real estate and financing markets. Realty Income is widely known among investors for its monthly dividend model and consistent distribution track record.Read more

4 hours ago

• City and Industrial Development Corporation (CIDCO) and Africa India Economic Foundation (AIEF) have signed an agreement to establish a Special Purpose Vehicle (SPV) for the proposed Africa India International Development Zone in Navi Mumbai.
• The project will be developed on a 20-acre land parcel within the International Corporate Park at Kharghar and aims to strengthen India-Africa trade and investment engagement.
• Under the approved structure, AIEF will hold a 74% stake in the SPV, while CIDCO will retain the remaining 26%.
• The proposed development will include office spaces for 54 African nations, a convention centre, cultural retail facilities and diplomatic infrastructure linked to trade and business engagement.
• Maharashtra government officials stated that the project is expected to become operational within five to six years and will benefit from proximity to the upcoming Navi Mumbai International Airport and JNPA port.Read more

4 hours ago

India’s grade-A office market recorded healthy growth in the first quarter of 2026, with net office absorption rising 5 per cent year-on-year to 13.5 million sq ft across the top seven cities, according to Anarock. Bengaluru, Hyderabad and Chennai led commercial real estate demand, while vacancy levels declined due to sustained leasing activity and controlled new supply. Global capability centres (GCCs) remained the biggest office space occupiers during the quarter, contributing nearly half of total gross leasing. Office rentals also moved up across major markets as companies continued to prefer premium office developments in key business districts.Read more

Mumbai News Desk

5 hours ago

• Demolition and evacuation work has commenced at Haji Noorani Chawl in Prabhadevi, removing a key obstacle for the Sewri-Worli Elevated Corridor project.
• The structure was among the final pending land clearances required for the Mumbai Metropolitan Region Development Authority’s east-west connector.
• Residents have begun shifting to rehabilitation units after prolonged discussions over alternate accommodation, compensation and possession-related concerns.Read more

5 hours ago

• Himachal Pradesh Chief Secretary Sanjay Gupta has directed the State Vigilance and Anti-Corruption Bureau to investigate alleged irregularities linked to real estate projects registered under the state’s RERA framework.
• The investigation will examine Joint Development Agreement (JDA) projects and possible violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts land purchases by non-agriculturists.
• Authorities have been given 15 days to submit relevant records and documents relating to project approvals, promoter financial capability assessments and land transactions.
• The order follows allegations surrounding land agreements between local farmers and non-agriculturists, alongside concerns over whether regulatory due diligence requirements were adequately followed by the state’s RERA authority.
• The development comes amid heightened scrutiny of real estate regulation in Himachal Pradesh, including ongoing legal and political attention around land transactions and RERA functioning in the state.Read more

6 hours ago

Spanish real estate company Merlin Properties reported an 11.4% year-on-year rise in its core profit for the first quarter, supported by strong occupancy across its office, retail and logistics portfolio. The company posted EBITDA of EUR 113.6 million, compared to EUR 102 million in the same period last year. While occupancy dipped slightly to 95%, it remained stable at high levels. Merlin also continued to expand its data centre business, which currently contributes a small share of rental income but is expected to become a major revenue driver by 2030.Read more

Lucknow News Desk

6 hours ago

The Lucknow Development Authority (LDA) has launched an e-auction for 149 residential plots located in Gomti Nagar Extension and Basant Kunj as part of a larger property sale exercise across Lucknow. Nearly 475 properties, including residential, group housing, institutional and commercial assets worth around INR 3,000 crore, have been put up for auction. The online bidding process will remain open till May 28. Plot sizes range from 25 square metres to 300 square metres, while the authority has also included land parcels for group housing projects and institutional development under its proposed Edu City initiative.Read more

7 hours ago

• CapitaLand Investment expects more large institutional mandates after securing a SGD 2.4 billion (USD 1.9 billion) real estate portfolio mandate from Income Insurance.
• The company said large private capital commitments usually come after years of investor engagement and relationship building.
• Under the mandate, CapitaLand Investment will manage the insurer’s portfolio, pursue new investments and undertake acquisitions and divestments to refresh assets.
• The company believes growing investor interest in Asia Pacific real estate, especially Singapore, could support future institutional investments despite global market uncertainties.
• CapitaLand Investment is also looking to expand across logistics, retail, office, mixed-use and self-storage segments, with its self-storage platform targeting a valuation above SGD 1 billion by next year.Read more

8 hours ago

• The Jharkhand government has launched an online portal to facilitate the regularisation of unauthorised residential buildings across urban areas of the state under the Jharkhand Unauthorised Constructed Building Regularisation Rules, 2026.
• The initiative was launched by Urban Development Minister Sudivya Kumar following Cabinet approval of the new regularisation rules in April this year.
• The scheme applies to residential buildings up to G+2 height and structures built on plots measuring up to 300 sq m, subject to prescribed penalties and conditions.
• Officials stated that nearly seven lakh property owners across Jharkhand could benefit from the regularisation framework, with applicants allowed to pay fees in three instalments.
• The state government said the move is intended to improve planned urban development, simplify approvals and provide relief to owners of existing constructions built without sanctioned plans.Read more

9 hours ago

• BuzzWorks has launched a new 16,000 sq ft managed office space in Mysuru with over 500 seats.
• The facility is located at Brigade Vantage on Vinoba Road and targets GCCs, startups and enterprise clients.
• The company is expanding its flexible workspace portfolio across Mysuru, Bengaluru and Chennai during FY27.
• Growing demand for premium managed offices in tier-II cities is driving expansion beyond metro markets.
• BuzzWorks had earlier expanded into Hyderabad and is targeting significant growth in South India’s flexible office market.Read more

Gurugram News Desk

10 hours ago

• Gurugram authorities have stepped up demolition and sealing operations against illegal constructions, unauthorised colonies, and building violations across multiple parts of the city.
• The Department of Town and Country Planning (DTCP) carried out action against illegal builder floors, unauthorised commercial activities, and structures developed without approvals.
• Officials said the enforcement drives were conducted with police support following repeated complaints and monitoring of violations in residential and developing sectors.
• The crackdown comes amid rising concerns over pressure on civic infrastructure, misuse of residential properties, and violations linked to the stilt-plus-four-floor policy.
• Authorities have indicated that enforcement activity will continue in the coming weeks, especially in rapidly developing areas witnessing unauthorised construction activity.Read more

Pune News Desk

11 hours ago

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more

12 hours ago

Adani Airport Holdings has entered into a partnership with IHG Hotels & Resorts to develop five hotels across Jaipur, Mangaluru, Thiruvananthapuram and the Mumbai Metropolitan Region. The proposed developments will add nearly 1,500 hotel keys under multiple brands, including the India debut of IHG’s luxury lifestyle brand Kimpton Hotels & Restaurants. The projects will be part of airport-linked mixed-use developments being planned by Adani Airport Holdings. The move comes amid rising travel demand and growing investments in airport-led urban infrastructure and hospitality projects across India.Read more

13 hours ago

• PNC Infratech and SPS Constructions secured a Ganga bridge EPC project in Kanpur from UPSBC.
• The INR 559.53 crore project includes a four-lane bridge, approach roads and protection works.
• The project will be executed over 36 months through a 50:50 joint venture.Read more

Delhi News Desk

14 hours ago

The Delhi government is considering a substantial increase in financial assistance for the maintenance and development of parks and gardens across the national capital, including a proposal to provide 100 per cent funding for eligible projects undertaken by RWAs, NGOs and registered societies. The proposal includes raising annual maintenance support from INR 2.55 lakh per acre to INR 3.8 lakh per acre and increasing one-time assistance for development of new parks from INR 1 lakh per acre to INR 2.9 lakh per acre. Additional grants of up to INR 2.5 lakh per acre have also been proposed for upgrading existing parks and civic amenities. Chief Minister Rekha Gupta stated that the initiative is aimed at strengthening Delhi’s green cover, improving urban environmental conditions and encouraging greater community participation in neighbourhood park management.Read more

15 hours ago

• The National Highways Authority of India (NHAI) and the Survey of India are introducing a new satellite-based system to improve road construction.
• The technology, known as Continuously Operating Reference Stations (CORS), provides centimetre-level accuracy for surveying and planning highways.
• This system replaces older GPS methods and allows for real-time, error-free mapping even in difficult or uneven landscapes.
• By using this network, the government aims to finish projects faster, reduce construction costs, and ensure roads are built to higher quality standards.Read more

16 hours ago

• SEBI has proposed phased physical settlement for select agricultural commodity derivatives contracts.
• Contracts may initially trade as financially settled instruments before shifting to mandatory physical settlement.
• Transition to physical delivery would be linked to trading volume, open interest thresholds or a two-year timeline.
• SEBI has invited public comments on the proposal until 2 June 2026.Read more

18 May 2026

The Maharashtra government has approved housing advances amounting to INR 1,768 crore for more than 5,400 police personnel under a state-backed financial assistance scheme aimed at supporting home purchases and residential construction. The approvals were granted through the state home department and are intended to assist serving police officers and staff in acquiring permanent housing across Maharashtra. Officials stated that the sanctioned advances cover personnel from multiple police units and departments and form part of broader welfare measures for the state police force. The move comes amid continued demand for improved residential support and housing access for government employees, particularly in urban centres where rising property values and rental costs have increased financial pressures. The initiative is expected to support home ownership among police personnel while strengthening employee welfare infrastructure within the state administration.Read more

18 May 2026

• IRB Infrastructure Trust has made a non-binding offer to transfer two operational BOT highway assets valued at approximately INR 4,663 crore to IRB InvIT Fund.
• The proposed transaction includes the Solapur-Yedeshi NH211 project in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan, together spanning 1,144 lane kilometres.
• The asset valuation was carried out by an independent valuer as of March 31, 2026, while the proposal was approved by the board of the investment manager of IRB Infrastructure Trust in the past week.
• The company stated that the proceeds from the proposed transfer would be used to fund future infrastructure opportunities, while the public InvIT platform would benefit from additional revenue-generating assets and a longer concession profile.
• IRB Group said the transaction forms part of its broader capital recycling strategy aimed at expanding its infrastructure asset base to INR 1.4 lakh crore by 2029.Read more

18 May 2026

The Odisha government has reduced the stamp duty for registration of common areas in apartment projects to a fixed INR 50,000, replacing the earlier 5% levy charged on residents’ associations. The move is aimed at easing apartment registration procedures and resolving delays linked to transfer of common areas under the Odisha Apartment (Ownership and Management) Act, 2023. Alongside this, the state has introduced a uniform 5% stamp duty on apartment purchases. The changes are expected to improve compliance and speed up pending registrations, though concerns remain over higher costs for affordable housing buyers.Read more

Ghaziabad News Desk

18 May 2026

• A major fire at the Gaur Green Avenue society in Ghaziabad damaged multiple flats and triggered fresh concerns over fire preparedness in NCR’s high-rise residential projects.
• Residents alleged lapses in emergency response, blocked access routes and non-functional fire safety systems during the rescue operation.
• An inquiry panel reviewed the incident but stated that the exact cause of the blaze could not be conclusively identified.
• Following the fire, authorities issued notices to nearly 150 residential and commercial properties in Ghaziabad for violations related to fire safety norms and emergency access.Read more

18 May 2026

Kalpataru Ltd reported a multi-fold increase in consolidated net profit during the March quarter of FY26, supported by higher income, record pre-sales and sustained housing demand across key residential markets. The company posted a net profit of INR 200.47 crore during the quarter compared to INR 14.05 crore in the corresponding period last year. Total income for the quarter rose to INR 1,728.69 crore from INR 667.20 crore a year earlier. During FY26, Kalpataru achieved its highest-ever annual pre-sales of INR 5,280 crore and collections of INR 4,960 crore. The developer attributed the performance to strong execution, project completions and healthy demand across multiple micro-markets. The company currently has 31 ongoing and forthcoming projects spanning over 43.3 million sq ft across Mumbai Metropolitan Region and other major Indian cities.Read more

18 May 2026

Canada’s housing market showed early signs of recovery in April as home sales recorded a modest monthly rise after a slow start to the month. Data released by the Canadian Real Estate Association (CREA) showed that while transactions improved slightly from March levels, overall activity remained below last year’s pace. Property prices also continued to soften, reflecting cautious buyer sentiment amid economic uncertainty and elevated mortgage rates. At the same time, new property listings increased, adding to available inventory in the market. CREA indicated that any broader housing recovery this year is likely to remain gradual rather than strong.Read more

18 May 2026

• Ranbir Kapoor has acquired a land parcel worth approximately INR 3.31 crore at The Sarayu, a plotted development project in Ayodhya by The House of Abhinandan Lodha.
• The acquired parcel measures 2,134 sq ft and forms part of the 75-acre riverfront development located along the banks of the Sarayu river.
• The project includes residential plots, a clubhouse, lifestyle amenities and a luxury hospitality component to be managed by The Leela.
• HoABL stated that growing investor interest in Ayodhya is being supported by increased tourism and religious infrastructure development linked to the Ram temple project.
• Government estimates cited by the company showed Ayodhya receiving approximately 23 crore visitors between January and June 2025, compared to nearly 5.75 crore visitors before the construction of the Ram temple.Read more

18 May 2026

Adani Airport Holdings Ltd (AAHL) has partnered with IHG Hotels & Resorts to develop five hotels across major airport-linked and urban growth destinations, including Mumbai, Navi Mumbai, Ahmedabad, Jaipur, Mangaluru and Thiruvananthapuram. The agreement will add nearly 1,500 hotel keys across multiple brands and also mark the India debut of IHG’s luxury lifestyle brand, Kimpton Hotels & Restaurants. The move comes as airport-led developments continue to gain traction amid rising domestic travel, tourism and business movement. AAHL said the partnership aligns with its larger strategy of building integrated airport cities combining hospitality, retail and commercial infrastructure.Read more

Noida News Desk

18 May 2026

The Noida Authority has launched a large-scale plot allotment scheme comprising industrial, institutional, commercial, hospital, hotel and corporate office land parcels across multiple sectors in Noida. The scheme includes a 29,408 sq m commercial plot carrying a reserve price of INR 758 crore, making it the highest-valued parcel under the current offering. Authorities stated that the plots will be allotted through e-auction and interview-based processes beginning this month. The launch comes amid rising investor interest linked to infrastructure expansion and the upcoming operationalisation of the Noida International Airport. The scheme also includes hotel, healthcare and educational institution plots across sectors including 18, 19, 42, 71, 93-B, 94, 96, 117, 124, 142, 145 and 153.Read more

18 May 2026

Blackstone Digital Infrastructure Trust has raised USD 1.75 billion through its US initial public offering, reflecting growing investor interest in data centers linked to artificial intelligence expansion. The newly formed REIT plans to acquire newly built data centers leased to large investment-grade hyperscale tenants across major US markets including Northern Virginia, Ohio and Phoenix. The IPO comes at a time when global technology firms are sharply increasing spending on AI infrastructure. Blackstone, which already manages a large global digital infrastructure portfolio, continues to strengthen its presence in the fast-growing data center sector.Read more

18 May 2026

• CMS Info Systems secured a five-year ATM managed services contract worth INR 400 crore from HDFC Bank.
• Under the agreement, CMS Info Systems will manage 6,000 ATMs for the bank and provide services including currency forecasting, cash logistics and AI-enabled operational solutions.
• The company stated that the mandate is expected to increase the contribution of private sector banks to its revenue mix from 25 per cent currently to nearly 30 per cent by the end of FY27.
• The development reflects continued outsourcing and technology integration trends across India’s banking infrastructure and financial services sector.Read more

18 May 2026

• Maharashtra’s Chief Controlling Revenue Authority has upheld a stamp duty demand and penalty amounting to nearly INR 21 crore against Amadea Enterprises LLP over a land transaction in Mundhwa, Pune.
• The dispute relates to the acquisition of approximately 40 acres of former Mahar Watan land for around INR 300 crore through a sale deed registered in May 2025.
• Authorities found that the firm claimed stamp duty exemption under the state’s IT/ITES policy without securing the required approval from the District Industries Centre.
• The registration department ruled that the concession was incorrectly availed after only INR 500 was paid during execution of the transaction.
• The matter remains under legal and administrative scrutiny, with the company expected to pursue further remedies under the Maharashtra Stamp Act.Read more

18 May 2026

NITI Aayog has said it is working with the Ministry of Road Transport and Highways and National Highways Logistics Management Limited to revise and update the model concession agreement for multimodal logistics parks, with the aim of improving project viability and implementation. In its Annual Report 2025-26, the policy think tank stated that the revised framework is intended to enhance the bankability and bid attractiveness of logistics infrastructure projects. NITI Aayog also disclosed its involvement in railway station redevelopment projects in Vijayawada and the preparation of a public-private partnership framework for integrated sports stadium developments. The initiatives form part of broader efforts to strengthen infrastructure delivery models through private sector participation across transport, logistics and urban infrastructure segments.Read more

18 May 2026

• Britain’s housing market remained weak over the past month as higher mortgage rates and economic uncertainty affected buyer confidence.
• A survey by the Royal Institution of Chartered Surveyors (RICS) showed house prices recorded their sharpest decline since November 2023.
• Buyer enquiries and price expectations improved slightly but overall market sentiment continued to stay subdued.
• Concerns over inflation, elevated oil prices and supply chain disruptions linked to geopolitical tensions added pressure on the property market.
• Rental prices continued to rise due to limited housing supply and steady demand across several UK cities.Read more

18 May 2026

• The Securities and Exchange Board of India (SEBI) is reviewing the 2015 municipal debt regulations to make it easier for local bodies to raise funds.
• The proposed changes will allow more urban local bodies and statutory organisations to issue bonds for city-level infrastructure and development projects.
• A new framework for 'Green Muni Bonds' has been introduced to attract investment specifically for sustainable and environmentally friendly civic initiatives.
• The regulator aims to improve transparency and financial reporting standards to encourage institutional investors to fund public utility and smart city work.Read more

18 May 2026

Knowledge Realty Trust, a real estate investment trust backed by Sattva Group and Blackstone, reported strong financial and operational growth for the quarter ending March. The REIT announced a distribution of INR 716.6 crore to unitholders, supported by a 14% rise in net operating income to INR 1,053.3 crore. Leasing activity remained strong with 1.1 million sq ft added during the quarter, contributing to higher occupancy levels. For the full fiscal period, the trust recorded steady growth in income, improved leasing momentum, and a diversified office portfolio across major Indian cities.Read more

18 May 2026

• The Maharashtra government has approved around INR 104.48 crore for land acquisition for the proposed greenfield airport in Gadchiroli district.
• The airport project will be developed across four villages in Chamorshi taluka with more than 311 hectares identified for acquisition.
• Maharashtra Airport Development Company (MADC) has been appointed as the nodal agency for implementation of the project.
• The proposed airport is expected to improve regional air connectivity and support upcoming industrial and mining investments in eastern Maharashtra.
• The project has also faced resistance from some local farmers over concerns related to land acquisition and livelihood impact.Read more

18 May 2026

Signature Global reported a substantial increase in consolidated net profit for the quarter ended March 2026, primarily supported by an exceptional gain arising from investment in a joint venture. The company posted a net profit of INR 1,152.40 crore during the quarter, compared to INR 61.12 crore in the corresponding period last year. Total income for the quarter also more than doubled to INR 1,195.22 crore. During FY26, Signature Global recorded consolidated net profit of INR 1,094.64 crore against INR 101.2 crore in the previous financial year, while annual income rose to INR 2,778.85 crore. The company disclosed an exceptional gain of INR 1,267 crore during the March quarter, which significantly contributed to the improved profitability.Read more

18 May 2026

• Vistry Group has warned of lower annual profit and plans to slow house-building activity amid rising construction costs, weaker housing demand and economic uncertainty in the UK market.
• The company has paused share buybacks, tightened land acquisition plans and increased customer incentives to improve cash flow and reduce debt pressure.
• Despite reporting a 32% rise in year-to-date sales supported by incentives, Vistry said demand softened in recent months while material and labour costs continued to increase due to geopolitical tensions and inflationary pressure.
• The slowdown reflects wider challenges across the UK housing sector, with developers such as Berkeley Group, Barratt Redrow and Taylor Wimpey also reducing land approvals and expansion activity.Read more

18 May 2026

The Karnataka government has launched the ‘Bhoo Guarantee – Nanna Khata, Nanna Hakku’ programme aimed at digitising and regularising nearly 23 lakh properties across Bengaluru. The initiative includes a 100-day one-time settlement window allowing around seven lakh B-Khata property owners to convert their holdings into A-Khata status by paying 2% of the guidance value instead of the existing 5% fee. The programme, announced by Deputy Chief Minister D K Shivakumar, also proposes relaxation in building violation norms and expansion of property digitisation through Aadhaar-linked records and GIS mapping. Weekly open-house camps will be organised across Bengaluru to support property owners with e-Khata services and grievance resolution. The move is expected to impact property documentation, transactions, utility access and regularisation across the city’s residential market.Read more

18 May 2026

British commercial property company Land Securities Group, also known as Landsec, reported annual results that were ahead of market expectations, supported by strong demand across its office and retail portfolio. The company recorded higher occupancy levels, growth in rental income and better-than-expected property valuations at the end of the financial year. Demand from AI-focused companies also continued to support premium office leasing in London. While Landsec plans to remain cautious on new office developments over the next 18 months, it is looking at retail acquisitions after seeing its strongest retail rental growth in nearly two decades.Read more

18 May 2026

Uber is set to establish its first data centre in India in partnership with Adani Group, marking a significant step in the company’s expanding technology and infrastructure presence in the country. The facility, expected to become operational later this year, will support the testing and deployment of Uber’s technology solutions from India for global operations. The announcement was made by Uber Chief Executive Officer Dara Khosrowshahi following a meeting with Gautam Adani in Ahmedabad. While financial details and investment size were not disclosed, the development reflects growing interest among global technology firms in strengthening local digital infrastructure and data processing capabilities within India’s rapidly expanding innovation and technology ecosystem.Read more

18 May 2026

Indian Railway Finance Corporation reported a steady financial performance for the March quarter, with net profit remaining largely unchanged at INR 1,684 crore. The company’s annual profit touched a record high in FY26, supported by higher income, rising interest earnings and growth in railway-linked financing activities. The state-owned financier also reported a sharp rise in assets under management to INR 4.85 lakh crore as it expanded beyond its traditional financing base. During the year, IRFC increased sanctions and disbursements while maintaining its long-standing zero non-performing asset record.Read more

18 May 2026

The National Company Law Tribunal has approved the withdrawal of insolvency proceedings against Nobility Estates, the developer of ATS Group’s Le Grandiose project in Noida, after lenders and the company’s earlier management reached a settlement. The proposal received more than 92% approval from the committee of creditors, including strong backing from homebuyers. The settlement includes repayment commitments, allocation of residential units to lenders, and timelines for regulatory approvals and project completion. The tribunal has restored management control to the company’s board, bringing temporary relief to homebuyers and lenders involved in the stalled project.Read more

18 May 2026

Brigade Enterprises Ltd reported a 5 per cent decline in its pre-sales for the last fiscal, which stood at INR 7,424 crore compared to INR 7,847 crore in the previous year. The company attributed the drop mainly to delays in obtaining approvals, which pushed several residential project launches into the later part of the fourth quarter and some into the next fiscal cycle. Despite the slowdown in launches, average realisation improved, supported by better pricing and a shift toward higher-value housing. The company also posted growth in net profit and total income during the year.Read more

18 May 2026

Punjab cabinet minister Sanjeev Arora has approached the Punjab and Haryana High Court challenging his arrest by the Enforcement Directorate (ED) in connection with an alleged money laundering investigation linked to a land fraud case. The petition contends that the arrest was illegal and carried out without following due legal procedure. The ED had earlier arrested Arora under provisions of the Prevention of Money Laundering Act (PMLA) following searches and investigation into alleged irregular land transactions and related financial dealings. The matter is connected to a broader probe involving allegations of cheating, fraudulent property transactions and laundering of proceeds generated through the alleged offences. The High Court is expected to hear the matter shortly as legal proceedings continue in the case.Read more

18 May 2026

DLF reported a marginal decline in consolidated net profit for the quarter ended March 2026, with earnings slipping 1% year-on-year to INR 1,268.56 crore due to lower income during the period. The company’s total income for the fourth quarter fell significantly compared to the corresponding quarter of the previous financial year. Despite the softer quarterly performance, DLF recorded higher annual earnings and revenue for FY26, supported by growth across its real estate operations. The company posted a full-year consolidated net profit of INR 4,414.68 crore and total income of INR 9,816.04 crore. DLF remains India’s largest listed real estate developer by market capitalisation and continues to maintain a dominant presence across residential, commercial and rental real estate segments.Read more