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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Kenya signs USD 1.2 billion agreement to expand Nairobi airport capacity

4 minutes ago

Kenya has signed a KES 154.2 billion (USD 1.2 billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport in Nairobi, marking a major step in the country's aviation infrastructure plans. The project aims to increase the airport's annual passenger handling capacity from 7.5 million to 22 million passengers through the construction of a new terminal and upgrades to existing facilities. The development comes after Kenya scrapped a previous airport expansion agreement with India's Adani Group last year and is part of the country's broader strategy to strengthen its position as a leading aviation hub in East Africa.Read more

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Kolkata warehouse collapse leaves five workers dead, rescue operations continue

34 minutes ago

• Five workers have died following the collapse of a warehouse structure in Kolkata, while rescue teams continue efforts to locate and evacuate those trapped beneath the debris.
• Emergency personnel have rescued several individuals since the incident, with search operations involving specialised disaster response teams and heavy equipment.
• Authorities are investigating the circumstances that led to the collapse and assessing structural conditions at the site.
• The incident has raised concerns over worker safety and structural compliance at industrial and storage facilities in the city.
Read more

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Centre pushes Hyderabad Metro funding resolution as Telangana, Centre explore loan structure support

1 hour ago

• The Centre and Telangana government have discussed financial and institutional support mechanisms for Hyderabad Metro Rail’s funding requirements, including options for easing the loan burden and improving project viability.
• Senior officials reviewed the project’s current financial structure, with emphasis on resolving pending funding issues and ensuring smooth execution of ongoing metro expansion plans.
• Both sides have indicated willingness to coordinate on a “balanced financing model,” aimed at reducing stress on project finances while keeping expansion timelines on track.
• The meeting also highlighted the need for stronger Centre–State collaboration to ensure infrastructure continuity and long-term sustainability of urban transport systems.
Read more

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Delhi government approves cashless health cover of up to INR 10 lakh for registered construction workers

1 hour ago

The Delhi government has approved a health scheme offering registered construction workers and their families cashless medical treatment cover of up to INR 10 lakh. The decision was taken at a cabinet meeting chaired by Chief Minister Rekha Gupta. Named the Delhi Building and Construction Workers Health Scheme, the initiative is expected to benefit around 2.70 lakh registered workers and cover close to 10 lakh people in total, including family members. The government has estimated an annual expenditure of approximately INR 200 crore on the scheme.Read more

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Goa housing project faces continued opposition as Karapur villagers refuse to end 78-day protest

Goa News Desk

1 hour ago

• The protest against the proposed housing project in Karapur, Goa, has entered its 78th day, with villagers continuing their opposition over environmental and regulatory concerns.
• Residents allege that the project threatens local water sources, biodiversity and the village's ecological balance.
• Protesters have organised marches, awareness campaigns and tree-planting drives while demanding a complete halt to the development.
• The movement has attracted support from environmental activists and public representatives, bringing wider attention to the issue.
• Villagers say they will continue the agitation until authorities address their concerns and review the project's approvals and environmental impact.
Read more

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Tracking India’s Infrastructure Developments Through Its Biggest Projects

2 hours ago

From high-speed rail corridors and international airports to metro expansions and railway upgrades, India is witnessing a period of sustained infrastructure development across multiple sectors. Several flagship projects have reported major construction milestones, received regulatory clearances or moved closer to operational readiness in recent months. Together, these developments reflect the scale of investment being directed towards improving mobility and connectivity across the country, while reshaping the physical networks that link cities, industries and regions.Read more

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US moves closer to expanding affordable housing supply with new legislation

2 hours ago

The US House of Representatives has approved a bipartisan housing bill designed to increase the supply of affordable homes and improve access to housing finance, sending the legislation to President Donald Trump for final approval. The measure, which received strong support in both chambers of Congress, seeks to reduce barriers to housing development, streamline regulatory processes, and expand lending opportunities for lower-income buyers. Lawmakers from both parties have described the legislation as a rare example of bipartisan cooperation at a time when housing affordability remains a major concern for millions of Americans.Read more

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Delhivery expands its green logistics fleet with 1,500 Bajaj electric cargo vehicles deployment

2 hours ago

• Logistics major Delhivery has expanded its green mobility initiative by integrating 1,500 electric cargo vehicles into its last-mile delivery operations.
• The electric fleet has been developed in collaboration with Bajaj Auto, marking a push toward cleaner and more efficient urban logistics solutions.
• The move is aimed at reducing carbon emissions, lowering fuel dependency, and improving cost efficiency in high-frequency delivery routes.
• This expansion reflects a broader industry shift toward electrification in e-commerce logistics and sustainable supply chain practices in India.
Read more

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Gurgaon’s rapid metro breaks expectations 81 lakh rides in 5 months signal a big shift in city travel

3 hours ago

• Gurugram’s Rapid Metro recorded around 81 lakh passenger journeys in just five months, signalling a sharp rise in daily dependency on the system.
• The network has witnessed steady double-digit growth in commuter traffic, reflecting stronger adoption of metro-based travel.
• Haryana’s metro operations turned financially positive, posting an operational surplus of about INR 9.1 crore in the same period.
• Improved connectivity, smoother interchanges, and rising road congestion are pushing more commuters toward rapid rail transit.
Read more

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Haryana launches 24-hour auto-mutation system, enabling fully digital property registration

3 hours ago

Haryana has introduced an upgraded Auto Mutation System and Paperless Registration 2.0, enabling property ownership records to be updated within 24 hours of registration without requiring separate mutation applications. The reform digitally integrates property registration with land records, reducing paperwork, manual intervention and transaction delays. Aimed at improving transparency, curbing fraud and strengthening ease of doing business, the initiative is expected to benefit homebuyers, developers, financial institutions and other stakeholders by ensuring faster, more accurate and secure property ownership transfers across the state.Read more

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Real estate stocks lift FTSE indexes after Segro rejects USD 16.6 billion takeover approach

4 hours ago

London's stock markets saw support from real estate stocks as warehouse landlord Segro rejected a USD 16.6 billion takeover proposal from U.S.-based logistics real estate company Prologis. The move triggered a strong rally in property-related shares, with Segro emerging as the top performer on the FTSE 100. Gains across real estate investment trusts and developers helped lift the FTSE 250 index, while investors also monitored developments in UK politics and expectations around future interest rate decisions. Strong corporate updates from Liontrust, Berkeley Group and Primary Health Properties further supported market sentiment.Read more

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Adani Group targets 10 GW nuclear power capacity by 2035 as it expands energy portfolio

4 hours ago

The Adani Group has announced plans to enter the nuclear energy sector through Adani Atomic Energy, targeting 10 GW of nuclear power capacity by 2035. Chairman Gautam Adani said land has already been identified for the venture as the conglomerate seeks to strengthen its position across India’s energy value chain. The announcement forms part of a broader infrastructure and energy expansion strategy that includes thermal, renewable, hydro, gas and transmission assets, alongside significant investments in ports, airports, data centres and logistics infrastructure.Read more

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NHAI suspends Shivalaya, orders soil testing at 378 sites on NH-66 after Kollam retaining wall collapse

5 hours ago

The National Highways Authority of India has temporarily suspended concessionaire Shivalaya and independent engineer Feedback-Satra JV from future bidding, following the collapse of a 9.4-metre reinforced soil wall at Mylakkadu in Kollam district on 5 December 2025. The wall, part of the Kollam-Kadambattukonam project on NH-66, failed due to inadequate foundation soil strength. NHAI has issued show-cause notices proposing debarment of up to three years for the concessionaire and two years for the independent engineer, alongside monetary penalties, and ordered soil testing at 378 structures across 18 NH-66 projects in Kerala.Read more

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Central Railway advances Sion ROB rebuild with installation of 500-tonne steel span

5 hours ago

• Central Railway has completed the launch of a 500-tonne steel girder for the reconstruction of the Sion Road Over Bridge.
• The operation marks a critical stage in the CSMT–Kurla fifth and sixth line expansion project aimed at increasing suburban rail capacity.
• The heavy engineering exercise was carried out during a restricted night block between Matunga and Kurla stations.
Read more

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Senior living demand shifts towards active ageing communities as buyer preferences evolve

6 hours ago

• Senior living demand in India is increasingly shifting from traditional retirement and care homes to active ageing communities focused on lifestyle, wellness and independence.
• Experts say today's seniors are healthier, financially independent and looking for social engagement, recreation and better quality of life.
• Developers are responding by creating integrated communities with healthcare access, fitness facilities and community-driven amenities.
• Urban locations are emerging as a preferred choice as seniors want to stay connected to family, healthcare services and city infrastructure.
• The growing elderly population and changing family structures are expected to support long-term growth in the senior living housing segment.
Read more

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Goa drafts new industrial building norms to increase development capacity

6 hours ago

The Goa Industrial Development Corporation (GIDC) is drafting new building bylaws for industrial estates to improve land utilisation and increase industrial development capacity. The proposed framework will review planning norms such as floor space utilisation, setbacks and construction regulations to enable more efficient use of existing industrial land. The initiative follows recommendations to liberalise industrial building norms and complements ongoing infrastructure upgrades and policy reforms aimed at strengthening Goa’s industrial estates and manufacturing ecosystem.Read more

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US Supreme Court clears path for Exxon to pursue compensation for seized Cuba property assets

7 hours ago

The US Supreme Court has ruled in favour of ExxonMobil in a long-running dispute over assets seized by Cuba following the 1959 revolution, making it easier for American companies to seek compensation under the Helms-Burton Act. The court held that Cuban state-owned entities cannot rely on sovereign immunity protections in such cases. The decision removes a major legal hurdle in Exxon's claim, now valued at more than USD 1 billion, and could influence several other lawsuits filed by US companies seeking compensation for property confiscated by the Cuban government decades ago.Read more

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SRA Lines Up Cluster Redevelopment for Three Major Mumbai Slum Pockets

Mumbai News Desk

7 hours ago

The Slum Rehabilitation Authority (SRA) has proposed cluster redevelopment of three large slum pockets in Mumbai Antop Hill-Wadala, Majaswadi and Behrampada covering hundreds of acres. The initiative aims to enable integrated planning, improve infrastructure and accelerate rehabilitation by bringing fragmented settlements under unified redevelopment schemes. The Antop Hill-Wadala cluster alone spans around 450 acres. Authorities believe the approach will help unlock land potential, provide better housing and create planned urban spaces in some of Mumbai’s most densely populated areas.Read more

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Mumbai is preparing a fresh amnesty route for pre-2016 buildings without occupancy certificates

Mumbai News Desk

8 hours ago

• The BMC is moving ahead with a revised amnesty proposal aimed at providing relief to buildings constructed before November 2016 that lack occupancy certificates.
• The scheme seeks to address long-standing issues faced by residents, including difficulties related to property taxation, utility connections and redevelopment processes.
• State authorities have backed a more practical framework that could allow eligible buildings to regularise certain compliances without undergoing lengthy legal disputes.
• If approved, the initiative could benefit thousands of homeowners across Mumbai living in structures that remain occupied despite pending occupancy certification.
Read more

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Final slab cast on Delhi's long-delayed Barapullah Phase-III corridor, link across Yamuna now complete

Delhi News Desk

8 hours ago

Construction of the final deck slab on Delhi's Barapullah Phase-III elevated corridor was completed this week, physically joining both ends of the structure across the Yamuna River. The project, approved in 2014 and originally due in 2017, was held up for nearly a decade by land acquisition disputes, environmental clearances and forest department approvals, with its cost revised to around INR 1,635 crore. Once finished, the corridor is intended to give East Delhi a signal-free route towards South Delhi via Sarai Kale Khan. Authorities have indicated a target opening date of 30 June 2026.Read more

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Gujarat HC Says Civic Bodies Cannot Revoke Property Regularisation Orders Once Granted

9 hours ago

The Gujarat High Court has ruled that municipal authorities cannot cancel property regularisation orders after they have been granted under the Gujarat Regularisation of Unauthorised Development Act (GRUDA). The court held that civic bodies lack the power to review or revoke such approvals once issued. The judgment came while quashing an Ahmedabad Municipal Corporation order that had withdrawn an earlier regularisation granted to unauthorised construction in a commercial building, reinforcing legal certainty for property owners.Read more

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Schroder European REIT plans wind-down as property valuations weigh on NAV

9 hours ago

Schroder European Real Estate Investment Trust (REIT) has proposed a managed wind-down of its business and a phased return of capital to shareholders after reporting a decline in net asset value (NAV) and lower earnings for the first half of the year. The company said unrealised losses from property revaluations affected its portfolio value despite maintaining high occupancy levels and strong rent collection. Lease extensions at key assets supported valuations in some markets, while tenant departures at certain properties impacted income and asset values. Subject to shareholder approval, the wind-down process is expected to take two to three years.Read more

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Bihar government says 3,032 km of rural roads strengthened across seven flood-prone districts ahead of monsoon

10 hours ago

Bihar's rural works department (RWD) has said that more than 3,032 km of rural roads across seven flood-prone districts in north Bihar have been strengthened and surface-renewed ahead of the monsoon. The claim follows flooding in the Mechi river that affected Thakurganj block in Kishanganj district last week, triggered by heavy rainfall in Nepal, which also marginally raised water levels in the Kosi and Gandak rivers. The upgraded districts include Madhubani, West Champaran, East Champaran, Supaul, Purnia, Araria and Kishanganj, all located in Bihar's border and Seemanchal regions.Read more

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Berkeley urges policy reforms as annual profit drops 15%

10 hours ago

UK homebuilder Berkeley Group has called for changes to tax and regulatory policies after reporting a 15% decline in annual pre-tax profit. The company said ongoing economic uncertainty, higher borrowing costs and planning-related challenges are affecting housing delivery, particularly in London, where supply remains significantly below demand. Berkeley maintained its long-term profit outlook despite market pressures and political uncertainty in the UK. The developer also urged policymakers to reduce barriers that delay housing projects and reconsider stamp duty levels to support demand, investment and housing construction across the country.Read more

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Madras HC Strikes Down Tamil Nadu Provision Allowing Registrars to Refuse Property Registration

11 hours ago

The Madras High Court has struck down Section 34-C of the Registration Act introduced by the Tamil Nadu government, holding that registration authorities cannot decide issues relating to property title or refuse registrations on that basis. The court observed that title disputes fall within the jurisdiction of civil courts and directed the registration department to improve encumbrance records. The ruling is expected to bring greater clarity to property transactions and limit the role of registrars to administrative functions.Read more

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Hyderabad metro expansion moves forward as centre-state hold key funding talks in Delhi

Hyderabad News Desk

11 hours ago

Telangana CM A. Revanth Reddy met Railway Minister Ashwini Vaishnaw in New Delhi to discuss funding and execution of Hyderabad Metro Phase-2. Union Minister G. Kishan Reddy and officials reviewed financing structures, Centre-state coordination, and overall project viability. Talks also included SBICAPS advisory participation, faster approvals, and measures to reduce procedural delays. Further discussions at Manohar Lal Khattar’s residence highlighted progress on funding and takeover-related issues. The deliberations also stressed aligning Phase-2 expansion with Hyderabad’s long-term urban mobility and infrastructure development goals and ensuring timely execution.Read more

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Grasim Completes INR 2,880-Crore Capital Infusion Into Aditya Birla Capital

12 hours ago

Grasim Industries has completed its INR 2,880-crore investment in Aditya Birla Capital through a preferential allotment of equity shares, slightly increasing its stake in the financial services arm. The capital infusion forms part of Aditya Birla Capital’s INR 4,000-crore fundraise aimed at strengthening its balance sheet and supporting future growth. International Finance Corporation (IFC) and group entity Suryaja Investment also participated in the issue, which will be used to augment capital and expand lending operations.Read more

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Adani Charts Massive Airport Expansion with INR 90,000 Crore–INR 1 Lakh Crore Investment Plan

12 hours ago

• Adani Group plans to invest between INR 90,000 crore and INR 1 lakh crore in its airport business over the next five years.
• The announcement coincides with the launch of scheduled commercial flight operations at Mundra Airport in Gujarat.
• Investments will focus on capacity expansion, terminal infrastructure, technology upgrades and the development of airport-linked ecosystems.
• The move reflects growing confidence in India's long-term aviation demand and airport infrastructure sector.
Read more

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Ahmedabad court rejects bail plea of Popular Builders owner in long-running land fraud and forgery case

Ahmedabad News Desk

13 hours ago

• An Ahmedabad court has denied bail to the owner of Popular Builders in connection with an ongoing land fraud and forgery case.
• The case involves allegations of irregular land transactions and financial misrepresentation linked to a disputed 1996 land deal.
• The accused, identified as Raman Patel in reports, remains under judicial scrutiny as proceedings in the case continue.
• The ruling reinforces a strict judicial stance on real estate-related fraud cases in Gujarat amid multiple pending appeals.
Read more

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Galathea Bay mega port set for 2028 launch pad as Centre pushes Great Nicobar vision

13 hours ago

The Centre has reaffirmed its commitment to the ambitious Great Nicobar Island development programme, with groundwork for the Galathea Bay transshipment port now expected to begin in 2028. Union Minister Sarbananda Sonowal said the project remains on track despite environmental concerns and legal challenges. Conceived as a strategic maritime hub capable of handling some of the world's largest vessels, the port is expected to strengthen India's position in global shipping routes. The larger Great Nicobar master plan also includes an international airport, power infrastructure and urban development projects aimed at transforming the remote island.Read more

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Forgery probe launched after fake court order allegedly shields illegal Nerul building

Mumbai News Desk

14 hours ago

• A criminal case has been registered after a forged judicial order was allegedly used to halt action against an unauthorised building in Navi Mumbai's Nerul area.
• The suspected fake interim relief was produced before civic authorities to prevent demolition proceedings.
• A Belapur court directed an investigation after discrepancies emerged in the purported order.
• The incident has raised concerns over misuse of judicial documents and attempts to obstruct action against illegal constructions.
Read more

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Haryana cracks down on OC violations, 15 architects may face blacklisting

25 Jun 2026

• Haryana's Department of Town and Country Planning (DTCP) has initiated blacklisting proceedings against 15 architects for allegedly issuing occupation certificates (OCs) to buildings that did not comply with prescribed norms.
• The action follows inspections that found occupation certificates being granted to incomplete or non-compliant structures in licensed colonies, particularly in Gurugram.
• Authorities are reviewing a large number of OCs issued under the self-certification system and examining the role of empanelled architects.
• Officials have indicated that occupation certificates issued in violation of rules may be cancelled, while further action could be taken against those responsible.
• The move is part of a broader effort to strengthen compliance, accountability and oversight in Haryana's real estate sector.
Read more

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Delhi’s big housing push: Slum rehabilitation cut-off extended to 2025, benefiting up to 20 lakh residents

Delhi News Desk

25 Jun 2026

• The Delhi government has extended the eligibility cut-off for slum rehabilitation from 2015 to January 1, 2025, bringing a significantly larger number of residents under the housing programme.
• The decision is expected to benefit nearly 20 lakh people living in JJ clusters and support the rehabilitation of around 4-5 lakh families.
• The revised provision has been approved under the Delhi Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026.
• Authorities believe the move will help speed up redevelopment projects by reducing disputes over beneficiary eligibility.
• The policy focuses on permanent housing, in-situ redevelopment, and improved civic infrastructure across slum settlements in the national capital.
Read more

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RBI Governor inaugurates new CAFRAL campus in Mumbai

25 Jun 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra has inaugurated the new campus of the Centre for Advanced Financial Research and Learning (CAFRAL) in Mumbai. During the event, the Governor highlighted the importance of continuous learning, professional capacity building and research in addressing the evolving needs of the financial sector. CAFRAL, an institution promoted by the RBI, focuses on research in banking, finance and macroeconomics while also providing leadership development and training programmes for senior financial sector professionals. The institution aims to function as a global centre of excellence supporting policy formulation, knowledge creation and capability enhancement across India’s financial ecosystem.Read more

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Himachal earmarks INR 137.4 crore to revamp Chail Chowk–Janjehli road link

25 Jun 2026

The Himachal Pradesh government has sanctioned INR 137.4 crore for upgrading the Chail Chowk–Janjehli road in Mandi district. The project aims to improve connectivity across the Seraj region, facilitate tourism, and strengthen access to remote villages. The investment is expected to enhance road safety and support local economic activity, particularly in agriculture and hospitality.For many hill communities in Himachal Pradesh, roads are more than just transport corridors they are vital links to markets, healthcare and livelihoods.Read more

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Primary Health Properties explores joint venture for private hospital assets

25 Jun 2026

Primary Health Properties (PHP) is in advanced discussions with an investor regarding a potential joint venture involving its private hospital assets in the UK. The healthcare-focused real estate investment trust (REIT) said the talks are ongoing and there is no certainty that a transaction will be completed or what terms it may involve. The move is part of PHP’s broader effort to unlock long-term value from its private hospital portfolio. The company, which completed its merger with Assura in 2025, currently manages a property portfolio worth around GBP 6 billion across the UK and Ireland.Read more

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CIDCO hands over three Navi Mumbai stations to Central Railway

25 Jun 2026

CIDCO has transferred Kharghar, Taloja Panchanand and Pendhar railway stations in Navi Mumbai to Central Railway, which will now oversee their operations, maintenance and passenger services. The stations are part of the Belapur–Uran suburban rail corridor developed to improve connectivity across the city’s growing residential and commercial areas. The handover integrates the facilities into Central Railway’s operational network and marks a key step in the transition of transport infrastructure developed by CIDCO to long-term railway management.Read more

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Pune takes control of development in 23 merged villages as PMC clears fresh master plan

Pune News Desk

25 Jun 2026

• Pune Municipal Corporation (PMC) has approved the process to prepare a new Development Plan (DP) for 23 villages merged into the city limits.
• The move follows the Maharashtra government's decision to appoint PMC as the sole planning authority for these areas, replacing the earlier dual-authority system.
• The fresh plan will focus on road networks, public amenities, infrastructure, land use, and future urban development.
• Residents of the merged villages have long sought a structured planning framework to address civic and infrastructure gaps.
• The proposed DP is expected to provide greater clarity on development permissions and support planned growth in Pune's expanding suburbs.
Read more

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Navi Mumbai Metro Line 2 receives approval after 15 years with INR 5,575 crore allocation

25 Jun 2026

The Maharashtra government has approved Navi Mumbai Metro Line 2, an 8.15-km corridor connecting Taloja and Khandeshwar, with a budget allocation of INR 5,575 crore. Proposed by CIDCO in 2011, the line will serve key nodes including Kamothe, Kalamboli and Taloja through eight stations. The corridor is expected to improve internal connectivity across Navi Mumbai and strengthen links with major transport infrastructure, including the upcoming Navi Mumbai International Airport, as the city expands its metro network.Read more

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Godrej Properties leads listed realty firms as combined FY26 sales bookings rise 17% to INR 1.95 lakh crore

25 Jun 2026

India’s major listed real estate developers recorded strong sales momentum during FY26, with combined sales bookings reaching nearly INR 1.95 lakh crore, reflecting a 17% year-on-year increase. The growth was driven by sustained housing demand, rising property prices and strong traction in the premium and luxury housing segments. Godrej Properties retained its position as the country’s largest listed developer by sales bookings, while Prestige Estates moved to the second spot. The top five listed developers together accounted for nearly 60% of total pre-sales, highlighting the growing dominance of established brands in India’s housing market.Read more

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Shimao’s Hong Kong airport hotels put up for sale after lender takeover

25 Jun 2026

Chinese property developer Shimao Group has confirmed that lenders have taken control of its Sheraton and Four Points by Sheraton hotels near Hong Kong International Airport and have initiated a sale process for the assets. The move comes after the company completed a USD 11.5 billion offshore debt restructuring last year. Receivers appointed by lenders have engaged Savills to conduct a tender sale, which is expected to conclude by the end of August. Sources said the hotels are being marketed for at least HKD 3 billion against an outstanding loan of nearly HKD 5 billion tied to the properties.Read more

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Garib Nagar families await rehabilitation after Bandra demolition drive

Mumbai News Desk

25 Jun 2026

More than a month after Western Railway’s demolition drive at Garib Nagar in Bandra East, around 100 families eligible for rehabilitation are still awaiting details of their resettlement. The clearance operation removed nearly 500 unauthorised structures from railway land near Bandra station, while eligible households were protected under court directions. Despite a Bombay High Court order recognising their rehabilitation rights, residents say no timeline or relocation plan has been communicated. The issue has gained urgency as monsoon conditions worsen across Mumbai.Read more

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Maha Mumbai Metro deploys standby trains to ensure smooth services during monsoon

25 Jun 2026

Maha Mumbai Metro has strengthened its monsoon preparedness measures by deploying additional standby trains across all metro corridors in the Mumbai Metropolitan Region. The move comes as passenger footfall continues to rise and stations experience heavier crowds during the rainy season. The reserve trains will be activated immediately whenever required to manage demand and maintain service continuity. Metro authorities said the additional services can be introduced not only during peak travel periods but also at any time of the day depending on passenger volumes and operational requirements.Read more

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IHG Targets 400-Hotel Milestone in India as Hospitality Expansion Accelerates

25 Jun 2026

IHG Hotels & Resorts plans to more than triple its presence in India over the next five years, backed by a pipeline of 80 hotels and sustained signing momentum. The company views India as one of its most important growth markets, supported by rising travel demand, favourable demographics and increasing owner interest in branded hospitality assets. Alongside expanding established brands, IHG is introducing new offerings across luxury, premium and midscale segments. The strategy reflects growing confidence in India's hospitality sector and the country's emergence as a key destination for domestic and international travel.Read more

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BMC reclaims pedestrian space in Andheri through demolition drive

Mumbai News Desk

25 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has removed illegal commercial structures and footpath encroachments in Andheri West as part of its ongoing anti-encroachment campaign. The K West Ward demolished nine unauthorised shops, including structures on Veera Desai Road and Fun Republic Road, and removed additional sheds and staircases occupying public footpaths. Supported by local police and multiple civic departments, the drive aimed to restore pedestrian access and reclaim public spaces. The action forms part of wider enforcement efforts being undertaken across Mumbai.Read more

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Andhra Pradesh to build affordable rental housing near industrial hubs to ease worker accommodation crunch

25 Jun 2026

• Andhra Pradesh is planning affordable rental housing projects near major industrial clusters to provide workers with housing closer to their workplaces.
• The initiative aims to improve living conditions for industrial workers, reduce daily travel, and support the state's expanding manufacturing sector.
• The government is exploring a dedicated rental housing model that can address accommodation shortages in industrial regions.
• The move is expected to strengthen industrial infrastructure, improve workforce availability, and support future investments across the state.
Read more

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Public Storage enters Canada with USD 1.2 billion acquisition of Public Storage Canada

25 Jun 2026

Public Storage has announced its entry into the Canadian market through the acquisition of Public Storage Canada in a stock-and-cash transaction valued at approximately USD 1.2 billion. The deal brings together two businesses operating under the same brand but managed separately for years. The acquisition follows the company's recent agreement to acquire National Storage Affiliates and reflects a broader consolidation trend across the self-storage industry. The transaction will strengthen Public Storage's North American presence while providing access to a growing Canadian self-storage market. The deal is expected to be completed in the second half of 2026.Read more

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Delhi has intensified its pre-monsoon road repairs with a city-wide pothole removal drive

Delhi News Desk

25 Jun 2026

• Delhi's PWD has launched a city-wide pothole repair drive ahead of the monsoon to improve road safety and traffic flow.
• Multiple teams have been deployed to identify and repair damaged stretches on major roads across the capital.
• Officials say thousands of potholes have already been fixed as part of a broader pre-monsoon infrastructure preparedness campaign.
• The initiative also aims to reduce traffic disruptions, vehicle damage and commuter inconvenience during the rainy season.
Read more

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Manglam Group to invest INR 350 crore in Jaipur hotel project, partners with Marriott

25 Jun 2026

Manglam Group has announced plans to invest around INR 350 crore in a new hospitality project in Jaipur, strengthening its presence in the city's growing hotel market. The company has partnered with Marriott International to bring the Sheraton brand to the project, which will be developed on the Jaipur–Ajmer highway. Spread across more than 3 lakh sq ft, the hotel will feature 220 rooms. The development reflects continued investor interest in Jaipur’s hospitality sector, driven by tourism growth, business travel, and rising demand for branded hotel properties.Read more

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APCRDA holds climate change training to support sustainable development in Amaravati

25 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a training programme on climate change and sustainable urban development for officials, consultants and project stakeholders involved in the development of Amaravati. Organised by the Environmental and Social Management Unit (ESMU) in collaboration with the Project Grievance Management Cell (PgMC) Capacity Building Team, the session focused on climate-resilient infrastructure, environmental sustainability and long-term development planning. Experts highlighted global climate challenges, Andhra Pradesh's sustainability initiatives and the state's commitment to achieving Net Zero emissions by 2070 while promoting environmentally responsible growth in Amaravati.Read more

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