SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

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Jaipur Development Authority demolishes two illegal colonies in Kanota

11 minutes ago

The Jaipur Development Authority (JDA) has demolished two illegal colonies in the Kanota area as part of its ongoing campaign against unauthorised urban development. The enforcement drive targeted layouts allegedly developed without mandatory approvals, with officials removing boundary walls, temporary structures and other unauthorised works. The action forms part of JDA's broader strategy to curb illegal colonisation, protect planned urban growth and discourage violations of land-use regulations. Authorities have also urged prospective property buyers to verify project approvals before investing in residential plots.Read more

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Ajmera Realty's Q1 FY27 sales value rises 35% to INR 146 crore on strong Mumbai demand

Mumbai News Desk

41 minutes ago

Ajmera Realty & Infra India reported a 35% year-on-year increase in sales value to INR 146 crore for the first quarter of FY27, driven by sustained demand across its residential projects in the Mumbai Metropolitan Region. Customer collections stood at INR 173 crore, while sales volume declined amid a lower number of project launches during the quarter. The company said it remains focused on expanding its development pipeline and achieving its FY27 sales guidance through upcoming launches across key micro-markets.Read more

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Godrej Oasis residents protest maintenance fee hike, demand rollback and transparent society management

56 minutes ago

Residents of Godrej Oasis in Gurugram have protested against a steep increase in common area maintenance (CAM) charges, alleging poor upkeep, lack of transparency in financial records and delays in resolving long-pending issues within the housing society. The protest also highlighted unpaid salaries of housekeeping staff, which disrupted sanitation services. Residents have demanded a rollback of the revised maintenance charges, timely payment to employees, better maintenance standards and the immediate handover of the society to the Residents' Welfare Association (RWA). The developer attributed the increase to rising operational costs and stated that residents had not taken over the society's management.Read more

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Punjab Beyond the Border: Heritage, Highways and Hospitality

1 hour ago

Punjab's evolving transport network is strengthening connections between its heritage cities, pilgrimage centres and hospitality destinations. Expressways, national highways, railway modernisation and airport upgrades are improving access to landmarks that have shaped the state's cultural identity for centuries. During FY2025-26, major infrastructure projects, including the Delhi–Amritsar–Katra Expressway and railway station redevelopments, continued to support tourism, commerce and urban growth, linking Punjab's historic heartland with an expanding hospitality and food landscape.Read more

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Saudi-backed ROSHN seeks private investors for 2034 World Cup stadium project

1 hour ago

Saudi Arabia's state-backed developer ROSHN Group is looking to bring in private investors for the Aramco Stadium, one of the venues for the 2034 FIFA World Cup, according to Reuters sources. The move comes as the kingdom looks to ease pressure on public finances while continuing to fund major infrastructure projects under Vision 2030. JPMorgan is reportedly managing the fundraising process, with a lease and leaseback structure being considered. The proposed deal is expected to unlock capital for ROSHN while giving investors a long-term revenue stream linked to the stadium.Read more

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Nashik's redevelopment drive gains pace as ageing buildings make way for modern housing

1 hour ago

Redevelopment activity is increasing in Nashik as ageing residential buildings are gradually being replaced with newer housing projects. Industry stakeholders attribute the trend to revised development regulations, improved Floor Space Index (FSI) provisions and rising land values, which have made more projects financially viable. With a significant number of older buildings still in use across the city, developers expect redevelopment to remain an important component of Nashik's urban growth and housing supply in the years ahead.Read more

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GREBA 2026 highlights AI, PropTech and sustainability as over 25 real estate awards presented

2 hours ago

The eighth Global Real Estate Brand Awards (GREBA) 2026 concluded in Bengaluru, bringing together more than 200 real estate developers, policymakers, technology firms and corporate leaders to discuss artificial intelligence (AI), PropTech adoption and sustainable urban development. The event featured market outlook sessions, panel discussions on digital transformation and an awards ceremony recognising more than 25 developers, projects and industry professionals. Institutional partners, including CareEdge Ratings, ANAROCK Group and NAREDCO Karnataka, participated in the summit, which focused on emerging market trends, technology-led development and innovation across India's real estate sector. Awards were presented across residential, commercial, PropTech and individual leadership categories.Read more

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CBI files chargesheet against Ozone Urbana in Bengaluru homebuyers' fraud case

2 hours ago

The Central Bureau of Investigation (CBI) has filed a chargesheet against Ozone Urbana Infra Developers Pvt Ltd and one of its directors in connection with an alleged homebuyers' fraud linked to a housing project in Bengaluru. The agency has accused the company of misleading buyers and investors through false assurances and deceptive promises to secure financial gains, causing losses to homebuyers. The case forms part of a larger Supreme Court-monitored investigation into alleged builder-banker nexus cases involving diversion of homebuyers' funds and financial irregularities across multiple real estate projects in the country.Read more

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Canada housing starts decline 6% in June, missing market expectations

3 hours ago

Canada's housing construction activity slowed in June as new housing starts fell 6% from the previous month, according to the Canada Mortgage and Housing Corporation (CMHC). The annualized pace of construction came in below market expectations, reflecting a softer start to new residential projects. The latest data follows an upward revision to May's figures but indicates that homebuilding activity eased after a stronger previous month. The report comes as Canada's housing market continues to adjust to changing demand, financing costs, and supply conditions.Read more

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IHCL and Prism lead hospitality sector gains in GROHE-Hurun India Real Estate 150 rankings

3 hours ago

Indian Hotels Company Ltd (IHCL) and Prism, the parent company of travel technology firm OYO, emerged as the only hospitality companies among the top 10 firms in the 2026 GROHE-Hurun India Real Estate 150 rankings. The report highlighted hospitality as one of only two real estate segments to record valuation growth during the year, alongside retail. Prism more than doubled its valuation to INR 67,200 crore, while IHCL reached INR 93,300 crore. The rankings also showed hospitality's growing presence in India's real estate sector, with 24 companies collectively valued at INR 2.85 lakh crore, supported by Prism's growth and the entry of ITC Hotels following its demerger.Read more

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Punjab simplifies property registration deeds with standardised language

4 hours ago

The Punjab government has introduced simplified and standardised language for property registration deeds to make real estate transactions easier for citizens and reduce legal complexities. The reform aims to replace technical legal terminology with clear, easily understandable wording while maintaining the legal validity of registered documents. The initiative is expected to improve transparency, minimise errors during registration and make property transactions more accessible for buyers and sellers. The state government said the move forms part of its broader administrative reforms to enhance the efficiency of property registration services and strengthen ease of doing business in the real estate sector.Read more

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Tata Group plans first shipbuilding venture in Kerala as state expands maritime infrastructure

4 hours ago

Kerala is set to strengthen its maritime sector with the proposed entry of the Tata Group into shipbuilding and ship maintenance. The state government said the company plans to establish its first shipbuilding venture in Kerala as part of broader efforts to attract investment into the maritime industry. The government is also working with public sector oil companies to develop bunkering facilities and is extending support to Cochin Port for a proposed cruise terminal. These initiatives are aimed at improving port infrastructure and expanding Kerala's maritime ecosystem.Read more

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Chennai civic body extends special property tax collection camps till July 31

5 hours ago

• The Greater Chennai Corporation (GCC) has extended its special property tax collection camps until July 31, 2026, providing property owners additional time to clear pending dues.
• The initiative aims to improve tax compliance by offering residents accessible payment facilities and assistance through designated collection centres across Chennai.
• The extension forms part of the civic body’s efforts to strengthen property tax revenue collection and improve municipal financial management.
• Revenue generated through property taxes supports essential civic services, infrastructure maintenance and urban development activities undertaken by the corporation.
Read more

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Jaipur's new setback rule slows residential-to-commercial property conversions

5 hours ago

The Jaipur Development Authority's revised setback regulations have led to a slowdown in approvals for converting residential properties into commercial establishments. The updated norms require applicants to comply with stricter setback standards aimed at improving urban planning, traffic management and public safety. However, many older properties do not meet the revised criteria, making conversions more difficult. Industry stakeholders say the changes have affected commercial activity in established neighbourhoods, while authorities maintain that the new framework is essential for ensuring planned and sustainable urban development.Read more

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India should focus Tourism and improving visitor experience, says Tourism Minister

6 hours ago

India should now place greater emphasis on enhancing the quality of tourist experiences rather than focusing only on increasing visitor numbers, Union Tourism Minister Gajendra Singh Shekhawat said while addressing the FAITH Conclave in New Delhi earlier this week. He highlighted the need to strengthen visitors' connection with India's cultural heritage so they leave with a deeper understanding of the country's civilisation. The minister said a better travel experience could encourage international tourists to become long-term ambassadors for India, supporting the country's tourism growth through positive global word-of-mouth.Read more

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NHIT appoints general management consultants to strengthen operations and maintenance of National Highway assets

6 hours ago

• The National Highways Infra Trust (NHIT), sponsored by the National Highways Authority of India (NHAI), has appointed General Management Consultants (GMCs) to professionalise the operations and maintenance of National Highway assets under its portfolio.
• In the first phase, the consultants will oversee operations and maintenance of 908 km of highways, forming part of NHIT's 2,653-km asset portfolio.
• The initiative aims to improve operational efficiency, adopt technology-driven asset management practices and strengthen governance in line with SEBI's InvIT regulations.
• NHAI also plans to develop a specialised ecosystem of operations and maintenance contractors to further enhance lifecycle management of National Highway infrastructure.
Read more

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Jharkhand CM Shri Hemant Soren sets two-month deadline to fast-track key road infrastructure projects

7 hours ago

• Jharkhand Chief Minister Shri Hemant Soren has directed the Road Construction Department to complete pending priority road infrastructure projects within the next two months following a high-level review meeting in Ranchi.
• The Chief Minister instructed officials to prioritise road widening, bridge construction, flyovers and other ongoing works while ensuring adherence to quality standards and project timelines.
• He also called for geo-tagging and a comprehensive digital database of all projects to strengthen transparency, monitoring and timely grievance redressal.
• The review focused on accelerating infrastructure delivery, improving road conditions during the monsoon and strengthening Jharkhand's transport network to support economic development.
Read more

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Amrit Bharat Station Scheme moves ahead at Dahod and Limkheda in Gujarat, 87 stations to be redeveloped in state

7 hours ago

The Railways Ministry has confirmed that Dahod and Limkheda stations in Gujarat's Dahod Lok Sabha constituency are being redeveloped under the Amrit Bharat Station Scheme, with several works already completed and foot over bridges under construction. The response, given in Parliament, also detailed that 87 stations across Gujarat and 1,337 nationwide have been identified under the scheme. It outlined the scheme's broader goals, funding patterns, execution challenges, and its connection to the Bharat Gaurav tourist train initiative, giving a clearer picture of how station redevelopment is progressing across the state and the country.Read more

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Odisha government moves to fill ORERA vacancies as regulator faces manpower shortage

8 hours ago

The Odisha government has initiated the process to appoint a new member to the Odisha Real Estate Regulatory Authority (ORERA), aiming to address persistent vacancies that have affected the regulator's functioning. The move comes amid concerns over delays in dispute resolution and project oversight due to inadequate staffing. A public advertisement has been issued inviting eligible candidates to apply for the vacant position, as the state seeks to strengthen ORERA's institutional capacity and improve regulatory efficiency.Read more

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US single-family housing starts and permits decline in June amid higher mortgage rates

8 hours ago

Single-family housing construction in the United States weakened in June as higher mortgage rates and elevated inventories of unsold homes continued to weigh on residential development. Data released by the US Census Bureau showed that single-family housing starts and building permits both declined during the month, while overall housing starts increased due to a sharp rise in multi-family construction. Homebuilder sentiment also remained subdued, with developers citing higher financing costs, economic uncertainty, rising material prices and expensive land. Although recent housing legislation aims to improve affordability and accelerate project approvals, industry participants expect its impact to take time to materialise.Read more

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Allahabad HC asks UP government to consider grievance forum for apartment disputes

9 hours ago

The Lucknow bench of the Allahabad High Court has asked the Uttar Pradesh government to examine the feasibility of creating a grievance redressal mechanism for disputes between apartment owners and Residents’ Welfare Associations (RWAs). The observation came while hearing a petition concerning residents of Sarvodaya Sulabh Apartments in Gomti Nagar Extension, Lucknow. The court noted that while apartment associations have an important role in managing residential societies, residents should have access to an appropriate platform for resolving disputes related to maintenance, common facilities and association decisions under the Uttar Pradesh Apartment Act, 2010.Read more

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US retail sales grow at a slower pace as consumers remain cautious on spending

9 hours ago

Consumer spending in the US remained positive but slowed during the past month as households continued to manage higher living costs and economic uncertainty. Retail sales posted modest growth compared with the previous month, while online shopping and spending on sporting goods remained strong. Cooling inflation and lower fuel prices offered some relief, but consumers continued to prioritise essential purchases over discretionary spending. The latest data also comes as retailers prepare to announce quarterly earnings, which are expected to provide a clearer picture of shopping trends in the coming months.Read more

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Power Ministry prepares dedicated grid roadmap as India's data centre power demand accelerates

10 hours ago

India's Ministry of Power is preparing a dedicated electricity infrastructure roadmap to support the rapid expansion of data centres, driven by artificial intelligence (AI), cloud computing and digital services. The initiative aims to ensure reliable, high-capacity power supply through coordinated transmission planning, renewable energy integration and alternative power solutions. With data centre capacity and electricity consumption expected to grow sharply over the next decade, the government is working with industry stakeholders to strengthen grid readiness while supporting India's digital economy.Read more

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Csquare raises USD 1.05 billion through US IPO as investors continue backing AI infrastructure demand

10 hours ago

Dallas-based data centre provider Csquare has raised USD 1.05 billion through its US initial public offering, reflecting continued investor interest in companies linked to artificial intelligence infrastructure. The company sold 50 million shares at USD 21 each, valuing it at approximately USD 3.25 billion. Csquare operates 64 data centre sites across 21 metropolitan markets in North America and the UK. The proceeds will be used to repay debt and cover offering-related expenses as its shares begin trading on the New York Stock Exchange.Read more

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JSW MG Motor India to invest INR 1,400 crore in FY27 to expand Halol plant and boost localisation

11 hours ago

• JSW MG Motor India will invest INR 1,400 crore in FY27 to expand manufacturing capacity, increase localisation and support new product development in India.
• The investment will raise annual production capacity at the Halol, Gujarat, plant from 1.2 lakh units to 1.6 lakh units by March 2027.
• The company plans to launch four new passenger vehicles during the financial year, spanning electric, hybrid and internal combustion engine segments as part of its multi-powertrain strategy.
• JSW MG Motor India will also increase localisation levels, with the MG Windsor expected to surpass 70 per cent local content, aiming to strengthen domestic manufacturing and reduce supply-chain dependence.
Read more

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Western Railway seeks defence land to develop mega rail terminus in Mumbai

Mumbai News Desk

11 hours ago

• Western Railway (WR) has approached the Ministry of Defence seeking around 48 hectares of defence land in Kandivali to develop a new mega railway terminus aimed at easing congestion at Mumbai Central, Bandra Terminus and other existing stations.
• The proposed terminus is planned to handle long-distance trains originating from and terminating in Mumbai, while improving passenger distribution across the suburban rail network.
• Railway officials have proposed a land exchange, offering an equivalent parcel of railway land to the defence authorities, and discussions between the two sides are currently underway.
• If approved, the project is expected to strengthen Mumbai's railway infrastructure, support future passenger growth and improve connectivity in the city's northern suburbs.
Read more

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Karnataka High Court allows BDA to invite applications for Shivarama Karanth Layout, stays site allotments

12 hours ago

The Karnataka High Court has permitted the Bangalore Development Authority (BDA) to invite applications for residential sites in the Shivarama Karanth Layout while restraining it from making allotments until further orders. The interim relief comes amid ongoing litigation over land acquisition for the project. The court observed that allowing applications would not prejudice the legal proceedings, while delaying the exercise could impose a significant financial burden on the BDA, which has already invested heavily in developing the layout.Read more

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ACME Solar secures INR 2,646.64 crore from REC for 450 MW FDRE project

12 hours ago

ACME Solar Holdings has secured long-term project financing of INR 2,646.64 crore from REC Limited for its 450 MW/1,800 MWh Firm and Dispatchable Renewable Energy (FDRE) project. The funding will support the project's development and construction, with REC acting as the sole lender for 20 years. The project, backed by a 25-year power purchase agreement with SJVN Limited, combines solar power with battery energy storage to deliver reliable peak power and strengthen India's clean energy infrastructure.Read more

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Wereldhave Belgium reports 18.9% rise in H1 net rental income, maintains 2026 outlook

13 hours ago

Wereldhave Belgium reported a strong financial performance for the first half of 2026, with net rental income rising 18.9% year-on-year to EUR 43.6 million. The company maintained its full-year earnings guidance and continued to expect net results from core activities in the range of EUR 5.20 to EUR 5.30 per share. While the portfolio remained well occupied with an EPRA occupancy rate of 96.7%, it saw a slight decline from the previous period. Net asset value per share also eased during the half year, reflecting portfolio valuation movements despite continued operational growth.Read more

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Andhra Pradesh notifies common zoning regulations to streamline urban development approvals

20 Jul 2026

The Andhra Pradesh government has notified the Common Zoning Regulations, 2026, introducing a uniform land-use framework to simplify urban planning and accelerate development approvals across the state. The regulations replace multiple legacy zoning systems with nine standard land-use categories and adopt a zone-wise negative-list approach, under which activities are permitted unless specifically prohibited. Applicable to Master Plans, Zonal Development Plans and General Town Planning Schemes, the new framework excludes the Capital City area. The government expects the reforms to reduce regulatory ambiguity, improve consistency in planning decisions and facilitate faster digital processing of development applications through the Online Building Permission System.Read more

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DMIC Integrated Industrial Township Greater Noida invites fresh bids for INR 5,881 crore infrastructure project

20 Jul 2026

• DMIC Integrated Industrial Township Greater Noida Limited (DMIC-IITGNL) has issued fresh tenders for infrastructure works valued at approximately INR 5,881 crore.
• The project forms part of the Delhi-Mumbai Industrial Corridor (DMIC) programme and aims to accelerate industrial and urban infrastructure development in the region.
• The proposed works include roads, utility networks, water supply, drainage and other essential civic infrastructure.
• The fresh bidding process is expected to attract qualified engineering and construction firms while advancing the township's next phase of development.
Read more

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Chhattisgarh EOW files chargesheet in INR 104 crore housing loan fraud case

20 Jul 2026

The Chhattisgarh Economic Offences Wing (EOW) has filed a chargesheet in connection with an alleged INR 104 crore housing loan fraud, marking a significant development in its investigation into the misuse of housing finance. The agency has also arrested a retired seed manager for his alleged role in the case. According to investigators, the fraud involved the fraudulent sanction and disbursal of housing loans through forged documents and irregular approvals, allegedly with the involvement of multiple individuals, including bank officials and government employees. The EOW said the investigation is continuing to identify other accused, trace the flow of funds and recover the defrauded amount.Read more

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Indore gets first direct Abu Dhabi flight under Madhya Pradesh’s Civil Aviation Policy 2025

20 Jul 2026

Madhya Pradesh has launched its first state-supported international flight service with a direct Air India Express connection between Indore and Abu Dhabi. Backed by the state's Civil Aviation Policy 2025, the route aims to improve connectivity with the UAE while supporting trade, investment and tourism. The service is expected to reduce travel time and lower airfares through Viability Gap Funding provided by the state government. The launch is also part of Madhya Pradesh's broader strategy to expand airport infrastructure and strengthen regional and international air connectivity.Read more

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Supermarket Income REIT sets GBP 250 minimum investment for retail share offer

20 Jul 2026

Supermarket Income REIT has launched a retail share offer, allowing eligible investors in the UK to participate with a minimum investment of GBP 250. The offer is being conducted alongside institutional fundraising and forms part of the company's broader capital-raising exercise. The proceeds are expected to support the acquisition of supermarket assets across the UK, strengthening its grocery-focused real estate portfolio. The retail offer is available through the RetailBook platform and remains subject to shareholder approval and regulatory requirements before the new shares are admitted to trading.Read more

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MSRTC revises bus fares across Maharashtra, ordinary services see 13.56% increase

20 Jul 2026

The Maharashtra State Road Transport Corporation (MSRTC) has revised bus fares across its network after receiving approval from the State Transport Authority. The increase has been attributed to higher diesel prices, rising employee-related expenses and increased maintenance costs. The revised fares came into effect from midnight earlier this week and apply across different categories of buses, with ordinary services witnessing a 13.56 per cent hike. Along with the fare revision, MSRTC has also withdrawn the seasonal surcharge on ordinary buses, a move expected to partly offset the impact on passengers.Read more

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Gujarat tops NITI Aayog’s Investment Friendliness Index, Maharashtra and Tamil Nadu follow

20 Jul 2026

Gujarat has secured the top position in NITI Aayog’s Investment Friendliness Index for states and Union Territories, followed by Maharashtra and Tamil Nadu. The assessment highlights Gujarat’s strong performance in infrastructure, financial health and regulatory ease, making it the highest-ranked state for attracting investments. While releasing the report, NITI Aayog Vice Chairman Ashok Kumar Lahiri said India needs to increase investments to support economic growth and strengthen demand. The index is aimed at helping states improve their investment ecosystem and competitiveness.Read more

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Prestige Estates launches three housing projects with INR 12,000 crore revenue potential

20 Jul 2026

Prestige Estates Projects Ltd launched three residential projects and one commercial development during the April–June quarter of FY2026–27, adding over 20 million sq ft of developable area to its portfolio. The three housing projects in Hyderabad, Bengaluru and Mumbai have an estimated revenue potential of INR 12,000 crore. Despite a 46% year-on-year decline in quarterly sales bookings due to a high base from the previous year, the Bengaluru-based developer remains focused on expansion, with a pipeline of marquee residential launches planned across Mumbai, NCR, Bengaluru and Chennai during the festive season. The company has also retained its annual pre-sales guidance of INR 35,000–36,000 crore.Read more

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India’s new project announcements hit two-decade low as home sales fall to a three-year low

20 Jul 2026

India witnessed a sharp slowdown in both investment activity and residential housing demand during the June quarter, with new project announcements falling to their lowest level in nearly two decades, according to Centre for Monitoring Indian Economy (CMIE) data. At the same time, home sales across the country’s eight largest cities declined to a three-year low amid geopolitical tensions, high property prices and cautious buyer sentiment. While government-backed infrastructure projects continued, private sector investment remained subdued, signalling a broader moderation in economic and real estate activity.Read more

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Hatten Land receives Singapore High Court approval for creditor restructuring scheme

20 Jul 2026

Hatten Land Ltd has received approval from the Singapore High Court for its proposed Scheme of Arrangement with creditors, marking an important step in the company's debt restructuring process. The court's approval allows the developer to move ahead with implementing the scheme in accordance with Singapore's restructuring framework. A Scheme of Arrangement is a court-supervised process that enables financially stressed companies to restructure their liabilities while continuing operations. The approval follows the company's efforts to reorganise its financial obligations and work towards long-term stability.Read more

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CBI searches Gupta Power Infrastructure locations in INR 1,109 crore Canara Bank fraud case

20 Jul 2026

The Central Bureau of Investigation (CBI) has carried out searches at six locations across four states in connection with an alleged INR 1,109 crore bank fraud involving Bhubaneswar-based Gupta Power Infrastructure Ltd. The agency alleges that the company secured higher credit facilities from Canara Bank by manipulating financial records, inflating stock values and trade receivables, and diverting loan funds. Searches were conducted at the company's offices, manufacturing units and the residential premises of its directors as part of the ongoing investigation into the alleged financial irregularities.Read more

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PM Shri Narendra Modi launches development projects worth INR 14,700 crore to boost Haryana's connectivity and healthcare

20 Jul 2026

Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth around INR 14,700 crore in Haryana, covering roads, railways, healthcare and cultural infrastructure. The initiatives include key highway projects, an elevated railway track, new government medical institutions and the launch of India's first hydrogen-powered train between Jind and Sonipat. The projects are aimed at improving regional connectivity, strengthening public infrastructure, promoting sustainable transport and supporting economic development across the state.Read more

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The Grand Cliff Resort earns Government of India’s 5-star classification in Munnar

20 Jul 2026

The Grand Cliff Resort in Munnar has received the Government of India's 5-star classification after undergoing a detailed evaluation of its facilities, service standards, operations, sustainability practices and guest experience. The recognition places the property among Kerala's highest-rated hospitality destinations. Along with its luxury offerings, the resort has also focused on responsible tourism, gender-inclusive initiatives, environmental conservation and community development. It has hosted international events and dignitaries, while continuing to promote sustainable tourism and local cultural preservation in the Munnar region.Read more

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Delhi government orders probe into building approvals issued without infrastructure charges payment

20 Jul 2026

• The Delhi government has initiated an investigation into alleged irregularities involving building plans approved by the Municipal Corporation of Delhi (MCD) without mandatory Infrastructure Charges (IFC) payments.
• The inquiry follows concerns that several approvals may have been granted despite pending payments, potentially involving financial implications estimated at around INR 2,000 crore.
• The government is examining approval records, payment compliance and the role of officials involved in the clearance process.
• Authorities have indicated that buildings found to have violated applicable norms may face regulatory action, including possible sealing proceedings.
Read more

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Kolte-Patil reports stable Q1 sales bookings at INR 617 crore as customer collections rise 30%

20 Jul 2026

Kolte-Patil Developers reported sales bookings of INR 617 crore during the April–June quarter of FY2026–27, broadly unchanged from the corresponding period a year earlier, reflecting stable demand across its residential portfolio. While pre-sales remained flat, the company recorded a 29% increase in average sales realisation to INR 9,442 per sq ft, supported by strategic price revisions and a greater contribution from Mumbai projects. The developer also launched 0.78 million sq ft during the quarter and reported a 30% rise in customer collections to INR 715 crore, indicating continued execution across its ongoing developments. Mumbai accounted for nearly one-third of the quarter's sales value, highlighting its increasing significance within the company's portfolio.Read more

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National Real Estate approves MoU to sell two Abu Dhabi land plots for AED 400 million

20 Jul 2026

National Real Estate Company KPSC has approved the execution of a memorandum of understanding (MoU) for the sale of two land plots in Abu Dhabi. The proposed transaction has a total purchase consideration of AED 400 million and marks a significant asset monetisation move by the Kuwait-based real estate company. While the company has not disclosed details such as the buyer, the exact location of the land plots or the expected completion timeline, the deal is subject to the execution of the MoU and any required approvals.Read more

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Tata Consultancy Services opens Gemini Experience Centre in Kolkata to expand AI innovation

20 Jul 2026

Tata Consultancy Services (TCS) has expanded its artificial intelligence innovation network by launching a Gemini Experience Centre in Kolkata in partnership with Google Cloud. The facility is the company's third such centre in India and is designed to help consumer-focused businesses develop and deploy AI solutions. The centre will cater to sectors including retail, consumer packaged goods, travel, tourism and hospitality. TCS also plans to establish 10 Gemini Experience Centres globally by the end of 2026, with four of them located in India, as part of its broader AI expansion strategy.Read more

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Four public issues, including Cube Highways Trust InvIT, to open next week

20 Jul 2026

India's primary market is set for another active week with four public issues scheduled to open for subscription, including the INR 5,000 crore Infrastructure Investment Trust (InvIT) issue of Cube Highways Trust and the initial public offerings of Indo MIM, Lohia Corp and Xtranet Technologies. The issues are expected to attract investor interest across infrastructure, manufacturing and technology sectors. Cube Highways Trust has already secured INR 1,250 crore from strategic investors ahead of its public issue, while the three IPOs collectively represent fundraising across precision engineering, technical textiles and information technology. So far this year, 32 companies have entered the primary market through maiden public offerings, with another IPO currently open for subscription.Read more

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Protesters oppose Amazon’s proposed Thane data centre over environmental concerns

20 Jul 2026

Residents of Balkum, Kolshet and Dhokali in Thane staged a protest against Amazon's proposed 53-acre data centre, citing concerns over water consumption, electricity demand, noise pollution and environmental impact. The demonstrators alleged that the facility could affect nearby residential neighbourhoods, schools and hospitals and claimed discussions with civic authorities and Amazon had not resolved their concerns. Amazon rejected the allegations, stating that the project complies with all environmental regulations and will operate using a dedicated high-voltage power substation rather than the local electricity grid. The company also said the facility would not use community drinking water for cooling and that compensatory plantation is being undertaken for trees removed from the site.Read more

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Chongqing landslide leaves eight dead, 34 missing as rescue operations continue

20 Jul 2026

A landslide in Pengshui county of Chongqing in south-western China has claimed eight lives, while 34 people remain missing despite ongoing search and rescue operations. The incident occurred during the evacuation of residents after local authorities detected signs of slope instability. The landslide destroyed several residential buildings and forced the evacuation of more than 1,000 people from surrounding areas. Chinese President Xi Jinping has directed authorities to intensify rescue efforts and investigate the cause of the disaster. Emergency response teams, firefighters and rescue personnel have been deployed as operations continue.Read more

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PM Modi to launch INR 25,000 crore infrastructure push across Haryana, Chandigarh and Punjab

20 Jul 2026

• Prime Minister Narendra Modi will visit Haryana, Chandigarh and Punjab on July 17 to launch and inaugurate development projects worth around INR 25,000 crore, spanning railways, highways, healthcare, education and urban infrastructure.
• The Prime Minister will flag off India's first hydrogen-powered passenger train between Jind and Sonipat, making India one of the few countries to operate hydrogen-powered rail services using indigenous technology.
• The visit will also include the inauguration and foundation laying of major expressways, highways, hospitals, railway stations and educational infrastructure aimed at improving connectivity and public services across the three states.
• Among the key projects are the Delhi-Amritsar-Katra Expressway, 75 redeveloped Amrit Bharat railway stations, new rail lines, advanced healthcare facilities at PGIMER Chandigarh, and multiple National Highway projects.
Read more

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