11 minutes ago

CoStar Group has lowered its full-year revenue forecast as uncertainty in the commercial real estate market continues to weigh on business performance. The company has also shifted its focus towards tighter cost control, reducing its projected expense baseline while maintaining limited operating cost growth. Although second-quarter adjusted earnings exceeded market expectations, revenue fell slightly short of estimates. The company also issued weaker-than-expected guidance for the third quarter, reflecting continued pressure from high borrowing costs, hybrid work trends and heavy investments in its residential marketplace business.Read more

41 minutes ago

The Bangalore Hotels Association (BHA) has warned that hotels affiliated with it and other hospitality bodies in Bengaluru will suspend business with Swiggy from August 15 if the company does not address concerns related to payment transparency, unauthorised deductions and advertising charges. The association has sought a transparent payout system, clear disclosure of all charges and consent-based advertising deductions. It has also objected to additional charges beyond agreed service fees, claiming that several restaurants are receiving less than half of their billed order value because of multiple deductions.Read more

1 hour ago

Swiggy reported a consolidated net loss of INR 791 crore for the first quarter of FY27, improving from the corresponding period last year as higher revenue helped reduce losses. The company recorded strong growth in revenue from operations despite an increase in overall expenses driven by advertising, sales promotion and delivery costs. Swiggy also said its quick commerce business, Instamart, achieved its targeted contribution break-even during the quarter and is expected to benefit further from a proposed Indian-Owned and Controlled Company (IOCC) structure, subject to shareholder approval at its upcoming annual general meeting.Read more

1 hour ago

Outbound investments from Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) continue to face challenges due to tax-related issues, limiting the growth of overseas investment structures. The International Financial Services Centres Authority (IFSCA) has confirmed that it is working with the central government to address these concerns. Industry participants believe reforms in taxation and the tax collected at source (TCS) framework could improve the competitiveness of GIFT IFSC. Despite current hurdles, experts expect outbound investments by Indian investors to increase gradually as portfolio diversification gains importance.Read more

2 hours ago

The Brihanmumbai Municipal Corporation (BMC) has revived plans to develop a golf course on the reclaimed Mulund landfill after a proposal to lease part of the site for the Dharavi Redevelopment Project was deferred. Civic authorities are now moving ahead with a feasibility assessment to examine the site's suitability for recreational infrastructure while continuing to evaluate future land-use options. The development reflects Mumbai's ongoing efforts to repurpose reclaimed landfill land through sustainable urban planning.Read more

2 hours ago

Prestige Estates Projects Ltd reported a 19% year-on-year decline in consolidated net profit to INR 235.9 crore for the quarter ended June 2026, despite recording higher total income. Revenue rose to INR 2,835.6 crore from INR 2,468.7 crore in the corresponding period last year. Separately, the Bengaluru-based developer announced a strategic partnership to develop a 14.6-acre residential project in Thane, Mumbai Metropolitan Region (MMR), with a development potential exceeding 5 million sq. ft. The company expects the project to generate around INR 6,000 crore in revenue, reinforcing its expansion strategy in one of MMR's fastest-growing residential markets.Read more

3 hours ago

Extra Space Storage has raised its full-year 2026 funds from operations (FFO) forecast after reporting improved pricing for its self-storage units and better cost management during the second quarter. The real estate investment trust (REIT) benefited from a slowdown in new storage supply, which helped strengthen pricing across its portfolio. Along with higher rental income, the company also reduced operating expenses and lowered its full-year expense growth guidance. Quarterly core FFO exceeded analysts' expectations, reflecting improved operating performance and a favourable market environment.Read more

3 hours ago

The Kerala government has launched a round-the-clock enforcement mechanism on national highways by dividing the state's highway network into six enforcement zones. The initiative aims to curb overspeeding, traffic violations and road accidents through continuous mobile patrolling and coordinated enforcement. Each zone, covering around 100 km of national highways, will be monitored by dedicated transport enforcement teams under the supervision of Deputy Transport Commissioners. The move follows a recent fatal road accident in Malappuram and is intended to improve compliance with traffic regulations, strengthen emergency response and enhance road safety across Kerala's expanding highway network.Read more

4 hours ago

The Haryana Cabinet has approved a significant reduction in stamp duty and registration charges for Economically Weaker Section (EWS) beneficiaries purchasing eligible dwelling units under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) 2.0. Under the revised policy, beneficiaries buying homes of up to 60 sq m will pay a nominal INR 500 each towards stamp duty and registration charges per conveyance deed. The decision, approved under the chairmanship of Chief Minister Nayab Singh Saini, aims to lower transaction costs for affordable housing beneficiaries and support the state's efforts to improve home ownership among economically weaker households under the Centre's 'Housing for All' initiative.Read more

4 hours ago

Weeks after the Bombay High Court cleared the way for MHADA's cluster redevelopment of its Bandra Reclamation and Adarsh Nagar (Worli) layouts, the Supreme Court has granted interim relief by staying the issuance of work orders for the projects until August 13. The apex court's order does not overturn the High Court judgment but pauses further implementation while it considers petitions challenging the redevelopment policy. The temporary stay delays the next procedural step in one of Mumbai's largest planned housing redevelopment initiatives.Read more

5 hours ago

Hong Kong's private home prices continued their upward trend for the 13th consecutive month, although the pace of growth moderated during the month. Official data showed prices increased by 0.3%, following a stronger rise in the previous month. The market has gained nearly 8% in the first half of the year, reaching its highest level since late 2023. However, property consultants expect the market to see a period of consolidation as weaker stock market sentiment and tighter controls on outbound investment from mainland China weigh on buying activity.Read more

5 hours ago

A special court in Mumbai has acquitted builder Chaitanya Laxmidas Vora in a 44-year-old case involving alleged manipulation of land measurement records to secure additional Floor Space Index (FSI) benefits. The court held that the prosecution failed to establish the charges due to insufficient evidence, the absence of key witnesses and the inability to produce original revenue records or prove document forgery. The alleged offence related to changes made to the recorded area of a Vile Parle property between 1980 and 1982, while the First Information Report (FIR) was registered only in 1992 and the chargesheet was filed in 2016. The trial commenced this year, by which time several accused and witnesses had died or were untraceable.Read more

6 hours ago

Texmaco Rail & Engineering Ltd, in partnership with France-based Touax Group and US-based TrinityRail, has announced a joint venture to invest around INR 1,800 crore in India's rail leasing ecosystem and advanced freight wagon design capabilities. The collaboration aims to strengthen the country's rail logistics infrastructure by expanding wagon leasing services, introducing modern rolling stock technologies and supporting the growing demand for efficient freight transportation across industrial sectors.Read more

6 hours ago

Indian cities will require an estimated USD 2.4 trillion in investment by 2050 to become climate-resilient and low-carbon, according to a joint FICCI-EY report released on July 28. The report found that only 20 municipal corporations have accessed capital markets so far, raising around USD 476 million, against an estimated urban infrastructure requirement of USD 840 billion over the next 15 years. With nearly 70% of the infrastructure required by 2047 yet to be built and the urban population projected to reach 877 million by 2050, the report has called for stronger municipal finances, innovative funding and more investment-ready cities.Read more

6 hours ago

A newly inaugurated bridge in Dehradun has suffered significant damage less than three weeks after opening, with heavy rainfall causing the approach road to cave in and disrupting traffic. The incident has raised questions over construction quality and project execution, prompting the Uttarakhand government to order an investigation. Officials have stated that repair work will begin after a technical assessment, while political parties have demanded accountability for the failure of the recently completed infrastructure.Read more

7 hours ago

Real estate disputes usually revolve around delayed possession or ownership claims. But some cases in India have been so unusual that they rewrote regulations, reshaped urban planning and even reached the Supreme Court. From two residential towers being demolished after they were fully built to families fighting for homes they legally bought but were never allowed to occupy, these disputes became defining moments in Indian real estate history. Here are 10 of the strangest and entirely factual property disputes that continue to influence the sector today.Read more

7 hours ago

Legrand has increased its 2026 sales growth guidance after reporting stronger-than-expected first-half revenue, supported by sustained demand for data centre infrastructure, particularly in the United States. The company now expects organic sales growth of 16% to 19%, excluding currency effects, compared with its earlier outlook of 10% to 15%. While demand from data centres continues to support growth, Legrand said construction markets in Europe and the United States remain weak. The company also highlighted foreign exchange headwinds and rising raw material costs as key factors to watch in the coming months.Read more

7 hours ago

Implementation of projects worth INR 11,560 crore under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 in Rajasthan has slowed due to land acquisition issues, statutory approvals and execution-related challenges. The Centre has reviewed the progress of the state's urban infrastructure projects and urged authorities to accelerate implementation through closer coordination and faster resolution of pending issues. The projects are aimed at expanding water supply, sewerage networks and urban infrastructure across Rajasthan's cities under the AMRUT 2.0 programme.Read more

8 hours ago

India's residential real estate market is increasingly being shaped by high-growth micro-markets within cities rather than by metropolitan areas as a whole. These localised growth corridors are benefiting from infrastructure upgrades, expanding employment hubs and improved social amenities, leading to sustained housing demand and investment activity. Established examples such as Whitefield in Bengaluru, the Financial District in Hyderabad and Kharadi in Pune illustrate how connectivity and commercial development have transformed suburban locations into sought-after residential destinations. The trend is also extending to Tier II cities, where infrastructure-led development is creating new opportunities for homebuyers and investors seeking affordability, long-term capital appreciation and improved quality of life.Read more

Mumbai News Desk

8 hours ago

The Brihanmumbai Municipal Corporation (BMC) has approved the removal of 126 trees for a slum rehabilitation project in Powai, enabling the construction of more than 4,000 rehabilitation homes for project-affected families. The clearance forms part of a larger set of approvals granted for infrastructure and redevelopment projects across Mumbai. Civic authorities have said the project will follow environmental safeguards, including compensatory plantation and tree transplantation wherever feasible.Read more

9 hours ago

Sanam Group Holding has announced that one of its units has signed an investment agreement with Tatweer Buildings Company to develop and operate the third branch of Modern Global International Schools in Riyadh. The 25-year agreement involves investing in an educational land plot owned by Saudi Arabia's Ministry of Education. Under the contract, the project will include the construction, equipping and operation of the new school campus. The annual rental value for the land has been set at SAR 3.8 million, reflecting continued investment in Saudi Arabia's education infrastructure.Read more

9 hours ago

The National Capital Region Transport Corporation (NCRTC) has submitted detailed project reports (DPRs) for four proposed Namo Bharat Regional Rapid Transit System (RRTS) corridors, marking another step towards expanding high-speed regional connectivity across Delhi-NCR. The proposed routes include Delhi–Karnal, Ghaziabad–Jewar Airport, Delhi–Hapur and Delhi–Shahjahanpur–Neemrana–Behror. The projects are currently under evaluation by the Centre and participating state governments before decisions on approvals and funding are taken.Read more

10 hours ago

The Supreme Court has criticised the Central Bureau of Investigation (CBI) and the Delhi Police over the lack of progress in investigations into allegations linked to Indiabulls Housing Finance, now known as Sammaan Capital. During a hearing, the court questioned why no First Information Report (FIR) had been registered despite complaints and sought explanations from the investigating agencies. The bench also directed senior officials to place original records before it and stressed that allegations involving public funds warrant a thorough investigation. The matter stems from a petition filed by Citizens Whistle Blower Forum, which has raised concerns over alleged irregular transactions involving the former management of the company.Read more

10 hours ago

The National Highways Authority of India (NHAI) has initiated the preparation of a Detailed Project Report (DPR) to address congestion at the Sarai Kale Khan Loop in Delhi, a key interchange on the upcoming DND–Sohna National Highway corridor. The study will identify engineering and traffic management solutions to improve capacity, reduce travel time and ensure smoother traffic movement before the new highway becomes operational.Read more

11 hours ago

Smartworks Coworking Spaces Limited has leased approximately 182,300 sq ft at The Square, a commercial office development by Lloyds Realty Developers in Andheri East, Mumbai. The transaction increases Smartworks' managed office portfolio in Mumbai beyond 2 million sq ft, reinforcing the company's expansion strategy in one of India's largest office markets. The addition is expected to cater to growing enterprise demand for managed workspaces while strengthening the city's premium commercial real estate ecosystem.Read more

11 hours ago

The Vasai-Virar City Municipal Corporation (VVCMC) has directed residents of 74 buildings classified as highly dangerous (C-1 category) to vacate their premises immediately due to the heightened risk of structural collapse during the ongoing monsoon. The civic body issued the evacuation order following a structural survey of buildings across the city and has warned that legal action may be taken against occupants who fail to comply. The move forms part of the corporation's annual monsoon preparedness exercise to minimise risks to life and property.Read more

12 hours ago

Yes Bank has entered into a strategic collaboration with institutional capital solutions platform Capital Stack to strengthen financing opportunities across multiple lending segments. Under the Memorandum of Understanding (MoU), Capital Stack will identify and structure institutional funding opportunities, while Yes Bank will evaluate participation based on its internal credit and risk policies. The partnership will initially focus on direct assignment, co-lending, term lending, securitisation and structured finance. It is also expected to improve access to funding across sectors such as affordable housing, MSME lending, vehicle finance, gold loans and supply chain finance.Read more

12 hours ago

Sikkim Lok Sabha MP Indra Hang Subba has urged Union Minister for Road Transport and Highways Nitin Gadkari to expedite a permanent engineering solution for the landslide-prone stretch of National Highway 10 (NH-10), describing the route as the state's lifeline. During a meeting in New Delhi, the MP submitted a memorandum highlighting the recurring landslides that disrupt the movement of essential supplies, tourism and trade. He called for a comprehensive geotechnical investigation of the vulnerable corridor and proposed tunnel-based alternatives to improve all-weather connectivity and strengthen the highway's long-term resilience.Read more

13 hours ago

Maharashtra has amended the Maharashtra Co-operative Societies Rules, 1961, introducing a range of changes affecting cooperative housing societies and flat owners across the state. The amended Rules, which came into force on June 18, reduce the minimum number of members required to form a housing society from 10 to five and make government-approved model bylaws automatically binding. They also provide voting rights to nominees admitted as provisional members, cap non-occupancy charges at 10% of service charges, reduce penal interest on delayed maintenance from 21% to 12%, and allow general body and redevelopment meetings to be held through video conferencing.Read more

13 hours ago

Chandigarh Administration is preparing to launch an online tenancy portal to implement the Chandigarh Tenancy Rules, 2026, creating a digital framework for registering rental agreements and related services. The portal, developed by the INational nformatics Centre (NIC), will enable online registration, generation of a Unique Identification Number (UIN), rent revision applications and grievance redressal. Officials recently reviewed the platform ahead of its rollout, directing improvements in usability, language accessibility and testing before its public launch.Read more

14 hours ago

Central GST officers detected input tax credit (ITC) fraud worth INR 74,782 crore during FY26 across more than 30,000 cases, with Maharashtra and Gujarat reporting the highest number of violations. The fraud was found across several industries, including real estate, construction-related services, iron and steel, textiles, plastics and manpower supply. The government also identified over 1,500 fake GST registrations created using forged PAN and Aadhaar details. The data, shared in the Rajya Sabha, highlights continued action by tax authorities against fake invoicing and fraudulent ITC claims.Read more

14 hours ago

Meta Platforms has partnered with BlackRock to develop and operate a large-scale data center campus in El Paso, Texas, in a deal valued at around USD 14 billion. The project is aimed at supporting Meta's expanding artificial intelligence infrastructure and is expected to deliver 1 gigawatt of computing capacity when operations begin in 2028. Under the agreement, BlackRock-managed funds will hold an 80% stake in the venture, while Meta will retain 20%. The partnership reflects the growing trend of technology companies bringing in external investors to fund increasingly expensive AI infrastructure projects.Read more

15 hours ago

The National Highways Authority of India (NHAI) has secured a favourable arbitration award in a long-running dispute related to the Bareilly–Sitapur highway project in Uttar Pradesh. The arbitral tribunal reduced claims of nearly INR 3,177 crore made by the concessionaire to just INR 46 crore, significantly limiting NHAI's financial liability. The outcome is being viewed as a major legal success for the highway authority and reinforces its efforts to protect public funds while maintaining contractual discipline in infrastructure projects.Read more

15 hours ago

Dhanlaxmi Bank reported a strong financial performance for the first quarter of FY27, with its net profit doubling year-on-year to INR 24.91 crore. The bank also recorded healthy growth in total income and interest income during the quarter. Its asset quality improved further, with the gross non-performing asset (NPA) ratio declining to 1.82 per cent from 3.22 per cent a year earlier. Despite the better quarterly results, the bank's shares ended lower on the BSE, reflecting a decline of just over 5 per cent during the trading session.Read more

16 hours ago

ACME Solar Holdings has secured financing of INR 3,404.57 crore from Power Finance Corporation (PFC) for the development of its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project across Rajasthan and Gujarat. The project, being developed under ACME Urja One (Phase III), combines solar, wind and battery energy storage system (BESS) technologies to deliver reliable renewable power. PFC will act as the sole lender with a 19-year repayment tenure, while the electricity generated will be supplied to NHPC Ltd under a 25-year power purchase agreement at a tariff of INR 4.33 per unit. The project is scheduled for commissioning next year.Read more

Ghaziabad News Desk

16 hours ago

The power department in Ghaziabad has issued notices to 307 housing societies for failing to submit mandatory annual electricity audit reports, as authorities step up monitoring of electricity consumption in common areas. The notices have been issued to Residents’ Welfare Associations (RWAs) and Apartment Owners Associations (AOAs) that have not furnished the required reports. The exercise is aimed at improving transparency in common-area electricity usage and checking instances of residents being overcharged for power consumption. The action comes as authorities seek greater compliance with annual electricity audit requirements across residential complexes in the city.Read more

17 hours ago

The Reserve Bank of India (RBI) bought back government securities worth INR 12,604.07 crore through a buyback auction conducted as part of the government's debt management programme. The central bank accepted bids from market participants after receiving offers worth INR 16,959.07 crore. The largest buyback was in the 7.33% Government Security (GS) 2026. The operation is aimed at retiring securities before maturity to improve the government's debt redemption profile while also supporting liquidity in the banking system, which continues to remain in surplus.Read more

17 hours ago

India's largest power producer, NTPC, has outlined a long-term investment plan of around INR 17 trillion (USD 177.62 billion) through FY37 to significantly expand its power generation capacity. The state-run company aims to increase its overall portfolio to 150 GW by FY32 and 250 GW by FY37, with renewable energy expected to drive most of the growth. While expanding its clean energy, storage and nuclear businesses, NTPC will also continue adding coal-fired capacity, maintaining a balanced energy mix to support India's growing electricity demand and long-term energy security.Read more

18 hours ago

The Bhubaneswar Municipal Corporation (BMC) is intensifying enforcement against unauthorised building constructions and deviations from sanctioned plans ahead of submitting its compliance report to the Supreme Court. The civic body plans to reactivate enforcement squads, strengthen inspections and accelerate action against violations across the city. The initiative aims to improve regulatory compliance, address illegal constructions and demonstrate progress in implementing court-directed measures concerning urban planning and building regulations.Read more

18 hours ago

India curtailed 8,133 gigawatt-hours (GWh) of solar power during the April–June quarter of 2026 despite continued expansion in renewable energy capacity, according to government data. The unused electricity could have supplied power to around 1.4 million households for a year, highlighting persistent challenges in grid integration and transmission infrastructure. The development has renewed focus on strengthening grid flexibility, energy storage and transmission networks to accommodate India's rapidly growing renewable energy generation.Read more

19 hours ago

The Haryana Cabinet has approved a series of policy decisions covering affordable housing, industrial growth, governance reforms, welfare measures and electric mobility. Among the key decisions is a substantial reduction in stamp duty and registration charges for eligible beneficiaries under Pradhan Mantri Awas Yojana-Urban 2.0. The Cabinet also cleared a new MSME and export promotion policy, tax incentives for electric vehicles, a property tax assessment framework, compensation norms for custodial deaths, amendments to revenue and health service rules, and several measures related to education, employment and minority welfare.Read more

30 Jul 2026

The Food Safety and Standards Authority of India (FSSAI) has suspended the food business licence of Park Plaza in Shahdara, Delhi, operated by Mahagun Hotels, after an inspection found several serious food safety and hygiene violations. The regulator identified the use of degraded cooking oil, unhygienic kitchen conditions, expired food products, pest infestation, poor food storage practices, and lack of segregation between vegetarian and non-vegetarian food. The hotel has been given 15 days to rectify the violations, failing which its licence may be cancelled. The action is part of FSSAI’s continued enforcement drive against food safety violations across the country.Read more

30 Jul 2026

The Asian Development Bank (ADB) has approved loans worth USD 1.85 billion to support India's urban development and clean energy goals. The funding includes USD 1 billion for urban reforms under the Urban Challenge Fund and USD 850 million to accelerate the government's rooftop solar programme. The initiatives aim to strengthen urban infrastructure, improve governance, expand municipal financing, promote sustainable city planning, and increase rooftop solar adoption. The programme is also expected to create green jobs, encourage women's participation, strengthen domestic clean energy supply chains, and help India achieve its renewable energy targets.Read more

30 Jul 2026

The Union government has issued the seventh draft notification proposing eco-sensitive areas in the Western Ghats, extending the consultation process after several states raised concerns over the extent of protected regions and restrictions on development activities. The draft seeks to regulate environmentally sensitive activities while balancing conservation and livelihoods across the ecologically significant mountain range. States have been invited to submit their feedback before the notification is finalised.Read more

30 Jul 2026

The Central Government has approved 111 road projects worth INR 2,481.93 crore under the Vibrant Villages Programme-I (VVP-I) to improve all-weather road connectivity for 134 unconnected villages along India's northern border. The initiative forms part of a broader strategy to strengthen border infrastructure, enhance access to essential services and support socio-economic development in remote frontier regions. The programme also continues to expand mobile connectivity, electricity, drinking water, healthcare and education infrastructure across identified border villages.Read more

30 Jul 2026

Unite Group, the UK's largest purpose-built student accommodation provider, has maintained its full-year earnings guidance despite reporting lower first-half adjusted earnings. The decline was mainly driven by higher financing costs, integration expenses related to the Empiric Student Property acquisition, and portfolio restructuring. The company is continuing to dispose of lower-yielding assets while increasing its focus on accommodation linked to leading UK universities, where demand remains strong. Although its shares fell following the results, the company said international student demand is improving and remains confident about its long-term strategy.Read more

30 Jul 2026

Highway Infrastructure Ltd (HIL), an Indore-based infrastructure development and management company, has received a long-term credit rating of IVR BBB+/Stable and a short-term rating of IVR A2 from Infomerics Valuation and Rating Ltd for its bank loan facilities worth INR 200.88 crore. The ratings reflect the company's capital structure, execution capabilities and sizeable order book across its toll collection and EPC businesses. The Stable outlook indicates sustained business visibility over the medium term, supported by ongoing project execution and prospects of securing additional infrastructure contracts. HIL currently operates across 12 states and one Union Territory, with business interests spanning toll operations, engineering, procurement and construction (EPC) projects, and real estate.Read more

30 Jul 2026

CBRE has increased its full-year 2026 earnings forecast after reporting strong second-quarter results, supported by growing demand for leasing, facilities management and building operations services. The expansion of artificial intelligence infrastructure and data centres continues to create opportunities across the commercial real estate sector, driving property development, leasing activity and asset management. The company also reported double-digit growth in revenue and earnings during the quarter, with revenue exceeding analysts' expectations, reflecting sustained momentum across its business segments.Read more

Mumbai News Desk

30 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has deferred a proposal to lease around 15 acres of reclaimed land at the Mulund dumping ground for the Dharavi Redevelopment Project after civic members raised environmental concerns. The site has been identified for temporary construction support facilities, but the civic body has sought additional technical clarifications before granting approval. The development highlights the growing emphasis on balancing large-scale urban redevelopment with environmental compliance and sustainable land-use planning.Read more

30 Jul 2026

Marvell Technology has announced plans to invest USD 250 million (around INR 2,400 crore) in India over the next three years as part of its strategy to strengthen technology development, talent and infrastructure. The investment comes as the semiconductor company marks 20 years of operations in the country. Along with expanding its research and development capabilities, Marvell plans to double its workforce, open a new wing at its Bengaluru office and increase its presence in Hyderabad. The move also aligns with India's growing role as a global semiconductor and engineering hub.Read more