10 minutes ago

BPTP’s residential project Skynest in Sector 80, Greater Faridabad, has been recognised with the ‘Landmark High-Rise Development of the Year’ award at the ET NOW Realty Conclave & Awards 2026. The project comprises twin residential towers rising to approximately 150 metres and incorporates green building features, landscaped sky decks and community-oriented amenities. Located along the Faridabad Bypass Road corridor, Skynest is positioned within the rapidly developing Greater Faridabad residential market. The development has been planned with support from a team of international and domestic consultants across architecture, engineering, sustainability and design disciplines. The recognition highlights the project's design approach and reflects growing development activity in Faridabad, which continues to emerge as an important residential destination within the National Capital Region (NCR).Read more

1 hour ago

Lok Sabha Speaker Om Birla has called upon IIT alumni to play a greater role in shaping reforms across sectors and contribute practical solutions to challenges faced by citizens. Speaking at the launch of the book IIT: The Story of India’s Most Prestigious Educational Ecosystem and the inauguration of the PanIIT Book Club at IIT Delhi, Birla said the experience and expertise of IIT graduates should be leveraged by Parliamentary Standing Committees. The event, organised by Pan IIT Alumni India to mark 75 years of the IIT ecosystem, brought together more than 400 alumni, policymakers, entrepreneurs and industry leaders. Discussions focused on innovation, self-reliance, technology development and the role of IITs in supporting India's vision of becoming a developed nation by 2047.Read more

2 hours ago

Banke International Properties has entered into Association of Persons (AOP) partnerships with several major developers in the Mumbai Metropolitan Region (MMR), covering residential inventory valued at approximately INR 10,000 crore. The portfolio includes projects by Godrej Properties, L&T Realty, Piramal Realty, Lodha and MS Realty across the western suburbs, Thane and other emerging residential corridors. Through the agreements, the company aims to generate around INR 500 crore in sales during the current financial year, contributing to its overall sales target of INR 1,000 crore. The partnerships are structured around a performance-driven sales framework intended to strengthen collaboration between developers and channel partners, while supporting customer acquisition across domestic and non-resident Indian (NRI) buyer segments.Read more

3 hours ago

Navi Mumbai Municipal Corporation (NMMC) has announced that its property tax collection centres will remain operational on weekends and public holidays until June 30, 2026, enabling property owners to complete payments before a 2% late payment charge comes into effect from July 1. The special arrangement covers the civic body's headquarters, all eight ward offices and their affiliated tax collection centres, which will function between 10 am and 3 pm. Alongside physical payment facilities, NMMC has also urged taxpayers to utilise its digital payment platforms, including its website, mobile application, WhatsApp chatbot, QR code-enabled payments and UPI services, to ensure timely tax compliance and avoid additional financial liability.Read more

Hyderabad News Desk

27 Jun 2026

• The Telangana Fire Services Department has initiated legal action against Sky100 Kitchen and Bar in Madhapur and Venkateshwara Coliving & PG Hostel in Kondapur over alleged fire safety violations.
• Inspections found that both establishments failed to install mandatory firefighting equipment and did not comply with prescribed fire safety norms.
• Authorities have directed the managements to immediately address the deficiencies and ensure compliance with fire safety regulations.
• The action is part of a wider enforcement drive across Hyderabad following increased scrutiny of fire safety standards in commercial and residential buildings.
• Officials said inspections and monitoring will continue as the department focuses on improving safety preparedness in high-occupancy properties.Read more

27 Jun 2026

The US Federal Reserve has found that the country's 32 largest banks remain well-capitalised and capable of withstanding a severe economic downturn while continuing to lend. The annual stress test showed banks could absorb more than USD 700 billion in hypothetical losses and still remain above minimum capital requirements. Following the results, several major lenders, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, State Street and Wells Fargo, announced dividend increases and share buyback plans. The findings also come as regulators consider broader changes to bank capital rules.Read more

27 Jun 2026

Bolt.Earth has entered into a strategic partnership with MapmyIndia to improve the discoverability of its electric vehicle charging infrastructure across India. Under the collaboration, approximately 350 of Bolt.Earth’s Level 2 and Level 3 chargers have been integrated into MapmyIndia’s maps and navigation platforms through the Open Charge Point Interface (OCPI) protocol. The integration will enable users to locate charging stations directly through MapmyIndia’s applications while expanding visibility for charger owners beyond the Bolt.Earth ecosystem. The partnership comes as India’s electric mobility sector continues to expand and charging accessibility remains a critical factor in EV adoption. MapmyIndia stated that its platforms now provide access to information on more than 18,000 EV charging points nationwide through integrations with multiple ecosystem partners.Read more

27 Jun 2026

Luxury tented resorts are increasingly finding favour among hospitality developers and travellers seeking immersive experiences that combine nature, comfort and destination-led storytelling. Moving beyond conventional hotels, these projects are being designed as integrated hospitality ecosystems that blend sustainability, mobility and premium accommodation. Design consultancy EuMo DesignIntelligence has contributed to several such developments across India and overseas, including projects in Ranthambore, Ladakh, Hampi, Nagaland, Bandhavgarh and Nigeria. The trend reflects changing traveller preferences towards experiential tourism, wildlife-based stays and wellness-focused destinations. Industry stakeholders note that luxury tented hospitality is evolving from a niche offering into a recognised segment within the broader tourism and resort real estate market, supported by growing demand for distinctive travel experiences and environmentally responsive development models.Read more

27 Jun 2026

Central Park Resorts conducted a live demonstration and mock drill of its rainwater harvesting (RWH) system management at Central Greens in Sector 48, Gurugram, on June 19. Organised following the direction of the Principal Advisor, Urban Development, Government of Haryana, the exercise was attended by officials from the Gurugram Metropolitan Development Authority (GMDA) and representatives from around 30 group housing societies and resident welfare associations. The demonstration covered maintenance procedures, recharge pit inspections, pre-monsoon preparedness measures, structural assessments and water recharge capacity evaluations. The initiative highlighted the growing importance of sustainable infrastructure in residential developments as developers increasingly focus on water conservation, regulatory compliance and long-term community resilience. The exercise also showcased operational practices aimed at strengthening rainwater harvesting performance ahead of the monsoon season.Read more

27 Jun 2026

Ladun Investment Company has signed a major infrastructure development contract for the Namar land project under the first phase of Saudi Arabia’s Real Estate Balance Program. The agreement, awarded by Al-Ayuni Investment and Contracting Company, is valued at SAR 326.7 million and will be executed by Ladun over a five-year period. The project focuses on developing key infrastructure for the Namar land area and adds to Ladun’s portfolio of construction and development assignments linked to the Kingdom’s ongoing urban expansion and real estate development initiatives.Read more

27 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has disconnected the water supply and sewerage connection to Amoli Co-operative Housing Society Ltd at Plot No. 28, Sector 30, Sanpada, after the building continued to be occupied despite being classified as a C-1 (highly dangerous and unfit for habitation) structure. The building had been declared unsafe during the 2019–20 structural assessment, and notices directing occupants to vacate had already been issued. The civic body stated that the action was taken in compliance with directions of the Bombay High Court to facilitate the evacuation of dangerous buildings. Electricity supply to the building will also be disconnected shortly as part of the ongoing enforcement process.Read more

27 Jun 2026

District by Zomato has entered into a strategic partnership with PadelPark India to integrate bookings for the latter's padel courts onto its platform, aiming to simplify access to the rapidly growing sport. Announced on June 25, the collaboration covers 11 7Padel facilities across Mumbai, Bengaluru and Pune, enabling users to discover venues and reserve courts through the District app. The partnership comes amid increasing interest in padel as a recreational and fitness activity in urban India, with both companies seeking to improve accessibility and encourage wider participation. The collaboration also reflects the growing convergence of digital platforms and sports infrastructure as operators look to streamline customer experiences and support the expansion of organised recreational sports.Read more

27 Jun 2026

Golden Growth Fund (GGF) has announced the final close of its maiden Alternative Investment Fund (AIF) with assets under management of INR 101 crore. The Category II real estate-focused fund, launched in September 2024, invests exclusively in South Delhi residential markets and reported a net asset value (NAV) growth of 61% as of March 2026. The fund has deployed capital across three projects in Anand Niketan, Neeti Bagh and Gulmohar Park, with listed developer Grovy India Ltd serving as the development partner. According to the fund, South Delhi’s luxury residential market continued to witness strong price appreciation during the first quarter of 2026, supporting investor interest in specialised real estate investment vehicles focused on premium micro-markets.Read more

27 Jun 2026

fäm Properties has facilitated the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Business Bay, Dubai, for AED 124 million. The transaction, described by the company as the largest commercial office deal of its kind recorded in Dubai, involved the acquisition of a contiguous block of office space spread across multiple floors by a UAE-based company. The purchase forms part of the buyer’s expansion strategy and highlights continued demand for premium office assets in established business districts. The deal also reflects sustained occupier and investor interest in institutional-grade commercial properties amid ongoing activity across Dubai’s key office markets.Read more

27 Jun 2026

Knauf India has reinforced its expansion strategy in North-East India through a dealers’ meet held in Guwahati, bringing together channel partners, dealers and senior company executives to discuss growth opportunities across the region’s construction sector. The engagement forms part of the company’s broader efforts to deepen its presence across the Seven Sister States amid rising urbanisation, residential development and infrastructure investment. Senior leadership highlighted the importance of strengthening dealer networks and promoting modern construction technologies, while product demonstrations showcased the company’s drywall and ceiling solutions. The initiative comes as government-backed infrastructure programmes and growing construction activity across cities such as Guwahati, Shillong and Agartala continue to create opportunities for building material manufacturers seeking to expand their regional footprint.Read more

27 Jun 2026

Warehouse developer and landlord Segro has rejected an all-share takeover proposal from U.S.-based logistics real estate company Prologis that valued the UK firm at approximately GBP 12.6 billion (USD 16.62 billion). The proposal offered Segro shareholders new Prologis shares at a value representing a significant premium to the company's latest market price. Following the rejection, Prologis has appealed directly to shareholders and must decide by July 22 whether to submit a formal offer or withdraw its interest under UK takeover regulations. The proposed deal would have brought together two major players in the global logistics property sector.Read more

27 Jun 2026

One Atmosphere, the premium serviced apartment brand of Atmosphere Core, has outlined plans to invest INR 500 crore to expand its luxury apart-hotel business across India and selected international markets. Announced on June 25, the company aims to sign approximately 7,500 keys over the next five years through an asset-light model based on management and lease agreements. The expansion will begin with the opening of One Atmosphere Suites at Corner Walk, Gurgaon, in partnership with M3M India, scheduled for September 2026. The brand will target corporate travellers, expatriates, families and extended-stay guests, with around 60% of inventory expected to be driven by corporate partnerships. Planned domestic expansion includes Gurgaon, Noida, Bengaluru, Mumbai and Hyderabad, alongside international growth across Cambodia, Indonesia, Sri Lanka, Thailand and the UAE.Read more

27 Jun 2026

From Dubai's branded residences to Tokyo's transit-oriented housing, global cities are increasingly shaping how homes are designed, marketed and experienced in India. Developers are drawing inspiration from international urban models that prioritise convenience, wellness, sustainability and integrated living. The influence is visible across Mumbai, Gurugram, Bengaluru, Pune, Hyderabad and Chennai, where residential projects are evolving beyond traditional apartment formats. Here are ten global housing trends that have crossed borders and are now redefining India's residential landscape.Read more

27 Jun 2026

Noctourism is emerging as a growing travel trend among Indian travellers, with increasing interest in experiences centred around night skies, celestial events and seasonal natural phenomena. Destinations across Ladakh, Himachal Pradesh, Gujarat, Rajasthan, Maharashtra, Karnataka, Kerala, the Andaman Islands and the Northeast are attracting visitors seeking activities such as stargazing, meteor shower viewing, supermoon observation and firefly watching. Travel companies Thomas Cook India and SOTC Travel have highlighted a range of locations where low light pollution, remote landscapes and favourable environmental conditions offer opportunities for astronomy-based tourism and nature-led experiences after sunset. The trend reflects changing travel preferences, with travellers increasingly planning journeys around unique natural events, outdoor experiences and less conventional forms of tourism.Read more

27 Jun 2026

Loom Solar has reported annual turnover exceeding INR 1,000 crore, marking a significant milestone for the Faridabad-based solar manufacturer founded in 2018. The company said the achievement reflects growth driven by domestic manufacturing, product innovation and an expanding distribution network across India. Loom Solar currently manufactures solar modules, hybrid inverters and battery energy storage systems and plans to scale its production capacity to 1.2 GW for solar panels and 1 GW for inverters by the end of 2026. With more than one lakh customers served and a network comprising 15,000 channel partners and 500 distributors, the company is targeting installation of solar and energy storage systems in over one million homes by 2030, aligning its expansion plans with the country's growing rooftop solar and clean energy ambitions.Read more

27 Jun 2026

PropIQ World has launched LandlordScore, a tenant-led review platform designed to introduce greater transparency and accountability into India’s rental housing market. The platform enables tenants to submit verified reviews of landlords based on security deposit refunds, maintenance responsiveness, dispute history, communication standards and overall tenancy experience. The launch addresses a longstanding information imbalance in the rental ecosystem, where landlords routinely evaluate prospective tenants while tenants often have little visibility into a landlord’s track record before signing a lease. The initiative forms part of PropIQ World’s broader ambition to build a comprehensive real estate intelligence platform for Indian consumers.Read more

27 Jun 2026

Spain is witnessing growing demand for luxury homes from wealthy buyers in Poland, the United States and Gulf countries, as geopolitical tensions and political uncertainty encourage investors to seek stable destinations. Industry experts say conflicts in Ukraine and the Middle East, along with developments in U.S. politics, are influencing purchasing decisions. Madrid and Costa del Sol have emerged as key destinations, while rising property values, tax advantages in some regions and Spain's stable economic environment are further supporting demand. The trend is also contributing to higher housing prices in popular markets.Read more

27 Jun 2026

Arvind Smartspaces Limited (ASL) has received an upgrade to an AA-/Stable credit rating from India Ratings & Research, reflecting its improved operating scale, steady cash flow generation and disciplined financial management. Announced on June 24, the upgrade follows a year of higher residential sales, stronger customer collections and healthy operating cash flows during FY26. The Ahmedabad-headquartered developer reported booking value of INR 1,550 crore, collections of INR 1,100 crore and operating cash flows of INR 417 crore for the financial year. India Ratings noted that the company has maintained adequate internal cash generation to fund expansion while preserving a balanced financial profile. ASL is also advancing its geographical expansion into the Mumbai Metropolitan Region (MMR), alongside its established presence in Ahmedabad and Bengaluru, to diversify its project portfolio and reduce market concentration.Read more

27 Jun 2026

Consumer confidence in homeownership in the United States has improved, with a majority of respondents now preferring to buy a home rather than rent or live with family. According to Bank of America's latest Homebuyer Insights Report, this is the first time since 2023 that sentiment has shifted in favor of homeownership. While affordability challenges, elevated mortgage rates and limited housing supply continue to affect the housing market, prospective buyers appear increasingly willing to move ahead with purchase plans. Younger generations, particularly Gen Z and millennials, are driving this change in outlook.Read more

27 Jun 2026

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential development on Main Avenue in Santacruz West, Mumbai. The project has been conceived as a low-density residential offering featuring homes of 2,500 sq ft and above, including full-floor residences. Positioned within one of Mumbai’s established premium residential neighbourhoods, the development incorporates an Art Deco-inspired design approach and includes a collaboration with interior designer Sussanne Khan. The project targets high-net-worth individuals, business owners and end-users seeking larger homes in the Bandra-Khar-Santacruz micro-market. Platinum Corp, which has delivered approximately 1.75 million sq ft across Mumbai’s suburbs over the past 15 years, said the launch forms part of its broader strategy to expand its portfolio of premium residential developments across the city.Read more

27 Jun 2026

Bahi Ajman Palace Hotel has secured several accolades at the Hozpitality Group’s Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026, recognising the performance of its culinary and food and beverage teams. The hotel received individual honours across leadership, kitchen management, culinary and restaurant service categories, while its signature dining outlet, Dragon’s Place Restaurant, was named Best Dinner Venue of the Year. The awards highlight the property’s efforts to deliver quality dining experiences and strengthen its standing within the UAE hospitality sector. Senior executives and team members were recognised for their contributions to food service operations, culinary innovation and guest experience management across the hotel’s dining portfolio.Read more

27 Jun 2026

Union Minister of State for Housing and Urban Affairs Tokhan Sahu visited Amaravati and reviewed the progress of key infrastructure and urban development projects being undertaken in the capital city. During the visit, he held discussions with senior state government officials and reviewed ongoing works related to roads, government buildings, housing, urban infrastructure and smart city initiatives. The minister also inspected the Amaravati Digital Twin model and received detailed presentations on the city's master plan and development strategy. He appreciated the progress achieved so far and reaffirmed the Centre's support for Andhra Pradesh's urban development initiatives.Read more

27 Jun 2026

Sugee Group has marked the completion of its luxury residential project, Sugee Marina Bay, with a stakeholder event held at the Jio World Convention Centre in Mumbai. The gathering brought together homeowners, consultants, contractors, financiers, architects and project teams involved in the development’s delivery. The event recognised the contributions of stakeholders who participated in the project from its launch in 2021 through to completion. A key highlight was the unveiling of three BMW i7 vehicles, which will be available exclusively for residents. The celebration also featured cultural performances and reflected the developer’s focus on community building following project completion. The handover milestone marks the transition of Sugee Marina Bay from a completed residential development to an operational residential community for homeowners.Read more

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated a series of special cleanliness drives and public awareness campaigns across the city as part of preparations for Swachh Survekshan 2025-26. Scheduled between June 15 and June 30, 2026, the initiative covers railway stations, the Sion-Panvel Highway, slum settlements, village areas, lakes, creek fronts, public and community toilets, back lanes and other neglected locations. Alongside intensive cleaning activities, the civic body is promoting compliance with Solid Waste Management Rules, 2026, encouraging households to segregate waste into four categories and urging bulk waste generators, including housing societies and institutions, to process waste within their premises. The campaign is being implemented across all eight ward office jurisdictions through extensive public outreach and on-ground inspections.Read more

27 Jun 2026

Karyan Group has performed the Bhoomi Poojan ceremony for Trevana Residences, its recently launched luxury housing project on NH-24 opposite Wave City in Ghaziabad, formally commencing construction of the development. The NCR-based developer is investing INR 900 crore in the project and expects to generate nearly INR 1,500 crore in revenue. Scheduled for completion by 2030, the development will comprise 3 and 4 BHK residences supported by a 45,000 sq. ft. clubhouse, lifestyle amenities and sustainable infrastructure. Located along the NH-24 corridor with connectivity to Delhi, Noida and Meerut, the project is aimed at premium homebuyers and investors. The launch comes amid sustained demand for luxury and upper mid-segment housing across the National Capital Region, particularly in emerging residential corridors.Read more

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monsoon preparedness measures following heavy rainfall across the city, with emergency response teams and control rooms operating round the clock. Between the morning of June 23 and the morning of June 24, the civic body recorded an average rainfall of 125.23 mm, with Belapur receiving the highest precipitation of 139.40 mm and Digha the lowest at 114.40 mm. Cumulative rainfall for the current monsoon season has reached 148.15 mm. The civic administration has deployed water pumping systems in low-lying areas, activated disaster management and fire response teams, and instructed field staff to ensure uninterrupted stormwater drainage and remove fallen tree branches. Residents have also been advised to use dedicated emergency helplines and avoid acting on unverified information.Read more

26 Jun 2026

The West Bengal government has ordered a temporary halt to under-construction commercial projects across the Kolkata Municipal Corporation (KMC) area until July 31 following the collapse of an under-construction warehouse in Taratala that claimed multiple lives and left several workers injured. The suspension forms part of a wider safety review of projects approved under the previous administration, with authorities directing comprehensive audits of building plans, construction quality and regulatory compliance. The move comes amid concerns over structural safety standards in ongoing developments and is expected to impact commercial real estate activity across Kolkata in the near term. The government has indicated that projects will be allowed to resume only after undergoing scrutiny and meeting prescribed safety requirements.Read more

Pune News Desk

26 Jun 2026

Japan-based Jamco Interiors plans to invest USD 150 million in India to expand its engineering and supply chain operations, with Pune set to emerge as a key global aerospace design hub. The company has inaugurated a Centre of Excellence in Pune to strengthen capabilities in design, certification and product development. The investment will support global aviation programmes, enhance local sourcing and create skilled jobs, reflecting the growing role of India in the international aerospace manufacturing and engineering ecosystem.Read more

Mumbai News Desk

26 Jun 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to alter the reservation status of a prominent MHADA-owned plot near Bandra Reclamation.
• The land, previously reserved for recreational use including a playground, is proposed to be redesignated for an exhibition and convention-related facility.
• The move has triggered opposition from local residents, sports groups and civic activists who argue that Mumbai is already facing a shortage of open public spaces.
• The proposal will proceed through further planning and approval processes before any final development can take place on the site.Read more

26 Jun 2026

Deep-tech startup Airbound has signed a memorandum of understanding with Andhra Pradesh Drone Corporation to develop a drone delivery network across the Amaravati Capital Region. The initiative will connect Amaravati, Vijayawada and Guntur through drone-based logistics services covering healthcare, e-commerce and commercial deliveries. The project will begin with pilot operations and route mapping before expanding into interconnected drone corridors. The partners aim to enable 10,000 daily drone flights across Andhra Pradesh over the coming year, supporting faster deliveries, improved connectivity, investment opportunities and growth in the state's emerging drone ecosystem.Read more

26 Jun 2026

The Forest Advisory Committee (FAC) has recommended in-principle approval for the diversion of 197 hectares of forest land for the 820 MW Kirthai-II Hydroelectric Project on the Chenab River in Jammu and Kashmir. The project, to be developed by Chenab Valley Power Projects Limited in Kishtwar district, had earlier secured environmental clearance recommendations subject to forest approval. The run-of-the-river scheme will require the felling of 8,723 trees and forms part of a broader hydropower development programme in the Chenab basin.Read more

26 Jun 2026

• The Centre has drawn up contingency strategies for 315 districts to help farmers respond to rainfall shortages and weather-related uncertainties during the kharif season.
• District-specific plans include alternative crop choices, revised sowing schedules and water management measures tailored to local conditions.
• Agricultural agencies, state governments and research institutions have been asked to coordinate closely to minimise risks to farm output and rural livelihoods.
• The preparedness framework aims to strengthen resilience against weather disruptions while ensuring continuity of agricultural activities across vulnerable regions.Read more

26 Jun 2026

• The Maharashtra government has proposed a new framework for cooperative housing societies aimed at bringing greater clarity to the calculation and collection of maintenance charges.
• The draft rules seek to standardise the treatment of common expenses and establish a uniform methodology for recovering charges from society members.
• The proposed changes are intended to reduce recurring disputes over maintenance billing, particularly in mixed-use and multi-wing housing developments.
• The framework forms part of a broader effort to modernise housing society governance and improve transparency in financial administration.Read more

Delhi News Desk

26 Jun 2026

Delhi Metro Rail Corporation (DMRC) has commenced construction of the new Central Secretariat station as part of the Central Vista Metro corridor, a key segment of the upcoming Golden Line. The project is expected to strengthen connectivity across the capital while integrating the redeveloped Central Vista precinct with Delhi’s expanding metro network. Once completed, the station will emerge as a major interchange hub linking multiple metro corridors and improving access to government and administrative districts.Read more

Hyderabad News Desk

26 Jun 2026

The Hyderabad Metropolitan Development Authority (HMDA) has raised over INR 120 crore through the auction of residential plots in Medipally, reflecting sustained demand for plotted developments in Hyderabad’s eastern growth corridor. Conducted in the past week, the auction attracted strong participation from homebuyers and investors, with several plots fetching prices above the upset rates. The sale forms part of HMDA’s land monetisation strategy to generate funds for infrastructure and urban development projects across the metropolitan region.Read more

26 Jun 2026

Singapore-based real estate firm OUE has partnered with Japanese investment company Tokyo Century to acquire the Crowne Plaza Changi Airport hotel for SGD 500 million (USD 385.4 million). The transaction marks the second hospitality collaboration between the two companies at Singapore's Changi Airport. The 575-room hotel, located at Terminal 3 and operated by IHG Hotels & Resorts, will be acquired through an OUE-Tokyo Century joint venture from OUE REIT. The proposed transaction is subject to approvals from Changi Airport Group and OUE REIT unitholders.Read more

26 Jun 2026

The Bombay High Court has cleared the removal of 208 mangrove trees to facilitate construction of an eight-lane access-controlled highway connecting the upcoming Vadhvan Port in Palghar district to NH-48, providing a significant boost to the INR 76,220 crore port project. The court observed that the project serves a larger public purpose and holds substantial economic significance. The National Highways Authority of India (NHAI) received approval after demonstrating compliance with environmental, coastal regulation zone and forest clearance requirements, including compensatory afforestation measures. The project proponent has undertaken the plantation of approximately 1.33 lakh mangroves across 30 hectares and deposited more than INR 4.83 crore towards compensatory afforestation. The clearance is expected to accelerate implementation of the proposed greenfield port, which is being developed near Dahanu in Palghar district.Read more

26 Jun 2026

Maharashtra Chief Minister Devendra Fadnavis met Amazon Chief Executive Officer Andy Jassy in Mumbai and invited the technology company to expand its investments in the state across data centres, healthcare infrastructure and artificial intelligence-driven skill development. During the meeting, Fadnavis highlighted Maharashtra’s position as India's leading data centre hub and outlined opportunities arising from the state's dedicated data centre policy, which promotes green infrastructure and renewable energy usage. He also discussed the state's ambition to grow its economy from an estimated USD 660 billion to USD 1 trillion by 2030 and emphasised the increasing adoption of artificial intelligence across governance, agriculture, healthcare, education and infrastructure. The chief minister additionally showcased investment prospects in the upcoming Medicity project in Navi Mumbai and sought collaboration with Amazon on AI-focused skilling initiatives.Read more

26 Jun 2026

Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93% stake through open market transactions worth nearly INR 665 crore. The sale comes days after Nexus Venture Partners reduced its holding in the company through a separate block deal. In another transaction, Mirae Asset Venture Investments sold a 0.97% stake in logistics firm Shadowfax Technologies for about INR 120 crore. Shares of both Delhivery and Shadowfax declined following the stake sales, reflecting investor reaction to the transactions.Read more

26 Jun 2026

At least 235 people have died and around 4,300 have been injured after twin earthquakes measuring 7.2 and 7.5 struck northern Venezuela in the past week. The latest official toll marks a sharp rise from an earlier estimate of 164 deaths and 971 injuries as rescue operations continue. The earthquakes caused widespread damage to homes, hospitals, transport infrastructure and public utilities, prompting a state of emergency, a USD 200 million reconstruction fund and an international humanitarian response.Read more

26 Jun 2026

The National Highways Authority of India (NHAI) has intensified efforts to remove encroachments and unauthorised parking along National Highways in a bid to improve road safety and traffic management. The authority has identified 595 critical locations across multiple states where unauthorised parking activities have been reported and is coordinating with state governments, district administrations and enforcement agencies to address the issue. Alongside enforcement measures, NHAI has ordered audits of Advanced Traffic Management System (ATMS) infrastructure to ensure key safety and monitoring equipment remains operational. The initiative also includes enhanced highway patrolling, deployment of ambulances and recovery vehicles, and integration of monitoring systems with enforcement agencies to strengthen incident response and improve safety standards across the national highway network.Read more

26 Jun 2026

Swedish green steel startup Stegra has completed a EUR 1.4 billion (USD 1.59 billion) financing round led by a consortium backed by Sweden’s Wallenberg family. The funding marks a major milestone for the company as it moves ahead with the construction of Europe’s first hydrogen-based steel factory. The financing package received full support from both new and existing investors, along with unanimous approval from Stegra’s lender group. The development comes at a time when several green steel projects across Europe are facing delays or scale-backs due to rising costs and challenges associated with green hydrogen production.Read more

26 Jun 2026

The Uttarakhand government has ordered statewide safety audits of residential, commercial and public buildings following a recent fire incident in Lucknow. Chief Minister Pushkar Singh Dhami directed multiple departments to inspect fire safety systems, emergency exits, electrical infrastructure and compliance with building regulations. The exercise will cover high-occupancy properties, including hotels, hospitals, schools and housing developments. Authorities have also been instructed to identify violations, review preparedness measures and ensure corrective action wherever required.Read more

26 Jun 2026

Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.Read more

26 Jun 2026

JSW Infrastructure's qualified institutional placement (QIP) received strong investor interest, attracting bids worth more than INR 50,350 crore against an indicative issue size of up to INR 7,503 crore. The issue saw participation from major domestic and international institutional investors, reflecting confidence in the company's port and logistics expansion plans. The funds will support greenfield port development, strategic acquisitions and debt reduction. The response also highlights investor optimism around India's growing infrastructure sector and JSW Infrastructure's long-term plans to expand capacity and strengthen its logistics network.Read more