Mumbai News Desk

3 minutes ago

The Maharashtra government has approved an INR 181 crore refurbishment programme for Mumbai’s Air India building at Nariman Point, acquired earlier this month for INR 1,601 crore. The six-month project will include structural repairs, electrical upgrades, safety improvements and infrastructure modernisation before government departments are relocated. The 23-storey landmark will be converted into a consolidated administrative hub as part of the state’s effort to reduce spending on leased office space and centralise operations within a government-owned property.Read more

33 minutes ago

Ace investor Madhusudan Murlidhar Kela has purchased a 6,233 sq ft ultra-luxury apartment for approximately INR 121 crore in DLF’s under-construction residential project, The Dahlias, at DLF Phase 5, Gurugram. The sale agreement was registered earlier this year, according to CRE Matrix. The transaction comes as DLF continues strong sales momentum at its 17-acre super-luxury development, which has a revenue potential of around INR 40,000 crore and has already recorded apartment sales worth INR 18,562 crore.Read more

1 hour ago

The Odisha government is preparing to introduce the Odisha Urban Area Rent Control Act, 2026, aimed at reforming the state's urban rental housing sector and replacing the existing regulatory framework. The proposed legislation seeks to create a more structured and transparent rental market by balancing the interests of landlords and tenants while encouraging investment in rental housing. The move comes amid rising urbanisation, growing migration to cities and increasing demand for affordable rental accommodation across Odisha’s urban centres. A draft of the proposed law has already been placed in the public domain for stakeholder feedback. The government expects the new framework to improve rental housing availability, streamline dispute resolution and support the development of a more organised urban housing market.Read more

1 hour ago

Embassy Developments Ltd has awarded a construction contract worth over INR 850 crore to Leighton Asia for its residential development Embassy Citadel in Worli, Mumbai. The company confirmed the development through a regulatory filing earlier this week, stating that the contract includes complete civil and structural works for the project. The development spans a total developable area of 1.6 million sq ft. Embassy Developments, which operates across major Indian cities including Bengaluru, Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore, continues to strengthen its presence in large-scale residential construction projects through structured partnerships.Read more

2 hours ago

A proposed luxury tourism project on Albania’s Adriatic coast faced renewed opposition after around 200 residents of Rrjoll village dismantled fencing surrounding the development site. The protest reflects growing concerns over large-scale construction projects in environmentally sensitive coastal areas and longstanding land ownership disputes. Residents claim the project is being developed on land that was taken from local families without adequate compensation. The demonstration comes amid broader protests across Albania against luxury resort developments along the coastline, including projects planned near ecologically important habitats and protected natural areas.Read more

2 hours ago

Hitachi Energy India has announced an investment of approximately INR 2,000 crore to establish a new large power transformer manufacturing facility at Karjan in Vadodara, Gujarat. The project, disclosed in a regulatory filing on Friday, is aimed at expanding the company’s manufacturing capacity amid rising demand for electricity infrastructure in India and international markets. Scheduled for completion in FY28, the facility is expected to strengthen domestic production of power equipment, support the country’s energy value chain and generate more than 1,000 direct and indirect jobs. The investment forms part of the company’s broader strategy to enhance its manufacturing footprint and support India’s growing energy and infrastructure requirements.Read more

3 hours ago

Hospitality companies IHG Hotels & Resorts and Indian Hotels Company Ltd (IHCL) have expanded their presence in India with the launch of new properties in Andhra Pradesh and Maharashtra. IHG has opened a 90-key Holiday Inn Express & Suites in Vijayawada, strengthening its footprint in one of Andhra Pradesh’s growing commercial and connectivity centres. The hotel is positioned to cater to both business and leisure travellers and benefits from its proximity to Amaravati. Separately, IHCL has launched Bandra House Mumbai under its SeleQtions brand. The 39-key property has been designed to reflect Bandra’s cultural and architectural character, adding a boutique offering to the company’s portfolio in Mumbai. Both announcements highlight continued investment by hotel operators in key urban and business destinations across India.Read more

Chennai News Desk

3 hours ago

Chennai-based civic organisation Arappor Iyakkam has urged Tamil Nadu Chief Minister M.K. Stalin to revoke approvals granted for a residential project being developed by Brigade Enterprises near the Pallikaranai marshland, alleging that the project site falls within the ecologically sensitive wetland area. The organisation has claimed that environmental and planning clearances were granted in violation of wetland protection norms and has sought immediate intervention from the state government. The issue relates to the Brigade Morgan Heights housing project in Perumbakkam, Chennai, for which the NGO alleges approvals were issued despite the site's proximity to the Pallikaranai Ramsar wetland. The developer has previously maintained that the project has obtained all statutory approvals from the relevant authorities. The dispute adds to the continuing debate over development activity and environmental protection around Chennai’s largest remaining wetland ecosystem.Read more

4 hours ago

Entra ASA has signed new lease agreements with Ability FM AS for office and warehouse premises in Oslo, further strengthening occupancy across its commercial property portfolio. The agreement adds to Entra's leasing activity in Norway's office market, where demand for well-located and efficient workspace continues to remain stable. While the company has not disclosed financial details of the transaction, the leases underline continued tenant interest in strategically located commercial assets. The development forms part of Entra's ongoing efforts to maintain high occupancy levels and long-term value across its office and logistics-related properties.Read more

4 hours ago

NTT DATA has inaugurated its Bengaluru 4 (BLR4) Data Center Campus, expanding its digital infrastructure footprint in India amid growing demand for cloud services, artificial intelligence applications and high-density computing. Located near Kempegowda International Airport, the campus is designed as a hyperscale-ready facility with a planned total power capacity of 100 MW. The first phase, BLR4A, is now operational and provides 22.4 MW of critical IT load capacity. Once fully developed, the campus will comprise three data centres with a combined critical IT load of 67.2 MW. The project incorporates advanced cooling systems, carrier-neutral connectivity and a dedicated high-voltage power substation, while also securing IGBC Platinum certification for adherence to sustainability and green building standards.Read more

Chennai News Desk

5 hours ago

The Greater Chennai Corporation (GCC) has stepped up efforts to recover pending property tax dues by targeting major defaulters and exploring measures to integrate tax arrears into the loan recovery process undertaken by banks and financial institutions. The move comes as the civic body seeks to strengthen revenue collections after falling short of its revised property tax target for FY 2025-26. Property tax remains one of GCC’s most important revenue sources, funding civic infrastructure and public services across the city. Officials are preparing lists of high-value defaulters, expanding digital collection mechanisms and pursuing institutional support to ensure that outstanding municipal dues are recovered more effectively. The initiative forms part of a broader strategy to improve tax compliance and strengthen Chennai’s municipal finances amid increasing expenditure requirements.Read more

5 hours ago

The Maharashtra government has announced plans to shift all rural water supply schemes to solar energy in a phased manner as part of efforts to reduce mounting electricity liabilities and ensure uninterrupted drinking water services. Chief Minister Devendra Fadnavis directed officials to formulate a comprehensive solarisation policy and prepare an implementation roadmap through the Maharashtra Energy Development Agency. The initiative covers 22,185 rural water supply schemes across the state and aligns with the Centre’s drinking water supply norms. The government has also proposed strengthening maintenance mechanisms through taluka-level units, greater participation of gram panchayats and improved cost recovery through water tariffs. The move is aimed at enhancing the long-term sustainability and operational efficiency of rural water infrastructure across Maharashtra.Read more

6 hours ago

Lonavala’s food scene goes far beyond its reputation as a monsoon getaway, offering a rich mix of iconic restaurants, rustic dhabas, scenic cafes, and luxury dining spaces. From long-standing favourites like Ram Krishna Restaurant and The Kinara Village Dhaba to stylish cafe’s such as German Bakery Wunderbar and FIORI, each destination reflects a unique blend of flavour, ambience, and experience that defines the hill station’s evolving culinary identity.Read more

6 hours ago

Logistics and industrial chemicals supplier A-1 Ltd has secured fresh orders worth approximately INR 35 crore from three industrial customers, strengthening its order book and revenue visibility for the current financial year. The contracts have been awarded by Solar Industries Ltd, Mahadhan Agritech Ltd and Sai Baba Polymer Technologies, with all orders scheduled for execution during June 2026. The company said the contracts relate to the supply of acids and industrial chemicals, which form part of its core business operations. The order inflow comes from customers operating across the explosives, fertiliser and manufacturing sectors and is expected to support business activity in the coming quarters while reinforcing the company’s presence in the industrial chemicals supply segment.Read more

7 hours ago

Embassy Developments Ltd plans to invest between INR 1,800 crore and INR 2,000 crore in construction activities during FY27 as it accelerates execution across residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. The company, part of the Embassy Group, aims to ensure timely delivery amid rising construction costs driven by higher raw material prices and labour expenses. The developer has also set an ambitious sales bookings target of INR 8,000 crore for the current fiscal, supported by planned housing launches worth nearly INR 20,000 crore. The move follows a strong FY26 performance in which sales bookings more than doubled to INR 4,631 crore, reflecting sustained demand for projects developed by established real estate brands.Read more

7 hours ago

Haryana has approved additional power infrastructure projects worth INR 912.70 crore under the Revamped Distribution Sector Scheme (RDSS), aimed at strengthening the state's electricity distribution network. The Distribution Reforms Committee, chaired by Chief Secretary Anurag Rastogi, cleared the proposal and recommended it for approval by the Power Finance Corporation and the Ministry of Power. The package includes loss-reduction works in Palwal and Nuh districts, the development and augmentation of power substations, and the deployment of advanced grid management systems. The approval comes as Haryana’s power distribution utilities report significant reductions in technical and commercial losses and improvements in billing and collection efficiency. The new projects are expected to enhance network reliability, increase transformation capacity and support electricity demand across residential, agricultural and industrial segments.Read more

8 hours ago

Shriram Properties has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru, marking another addition to its residential development pipeline. The company said the proposed project has a gross development value (GDV) potential of more than INR 6 billion. The move comes as Bengaluru continues to see strong residential demand, particularly in emerging growth corridors driven by infrastructure upgrades, employment hubs and improving connectivity. The project is expected to strengthen Shriram Properties’ presence in one of the city's key housing markets.Read more

Delhi News Desk

8 hours ago

• Delhi's Municipal Corporation plans to make all MCD toll plazas barrier-less by December through a technology-driven collection system.
• The initiative aims to reduce congestion, cut waiting times, and improve traffic flow at city entry points.
• Automated toll collection is expected to enhance operational efficiency while minimizing manual intervention.
• The move is part of a broader push toward smarter urban mobility and digital transport infrastructure in the national capital.Read more

9 hours ago

The Maharashtra government has enacted the Maharashtra Land Revenue Code (Second Amendment) Act, 2026, introducing amendments to Section 37A of the Maharashtra Land Revenue Code, 1966. The legislation clarifies approval requirements for transactions involving government land and validates certain approvals granted before the enactment of the 2012 amendment. The move is aimed at removing legal ambiguities surrounding land transfers, redevelopment projects, utilisation of additional FSI, TDR transactions and changes in land use where government approvals had been issued under earlier administrative frameworks.Read more

9 hours ago

National Real Estate Company (NREC) has announced that its subsidiary, Kuwadico, has entered into a partnership agreement to develop a real estate project in Egypt. The project is estimated to cost around KWD 35.5 million and will be developed over a 12-year period. According to the company, the development is expected to generate total revenue of approximately KWD 42 million during its lifecycle. The subsidiary's expected profit from the project is estimated at KWD 6.4 million, with NREC's share of the profit projected at around KWD 5.1 million based on its ownership stake.Read more

Mumbai News Desk

10 hours ago

Construction of Mumbai’s Sion Road Over Bridge is progressing, with the Brihanmumbai Municipal Corporation targeting reopening by March 2027. The bridge, a key east-west link connecting Sion, Dharavi and surrounding areas, is being rebuilt in coordination with railway authorities following demolition of the ageing structure. The project involves complex engineering work over active rail lines and forms part of Mumbai’s broader infrastructure renewal programme aimed at improving traffic flow, connectivity and safety across one of the city’s busiest transport corridors.Read more

11 hours ago

The New Delhi Municipal Council (NDMC) has announced a 10 per cent rebate on property tax payments for the financial year 2026-27 for taxpayers who clear their dues on or before June 30. The concession applies to properties within the NDMC jurisdiction and is aimed at encouraging early tax compliance and improving revenue collection. Property owners can avail themselves of the rebate through the council’s online property tax portal and other authorised payment channels. The incentive continues a policy adopted by the civic body in recent years to promote timely payments and strengthen municipal finances. The announcement comes amid ongoing changes to the property tax framework in the NDMC area, including efforts to introduce a more uniform assessment mechanism.Read more

12 hours ago

• The Prayagraj Development Authority (PDA) has launched a review of property notices issued over the last 10 years for violations of building bylaws, sanctioned maps and land-use norms.
• The exercise aims to identify properties that may now qualify for regularisation under the provisions of Master Plan 2031.
• Officials are scrutinising old records and pending cases to determine eligibility under the revised planning framework.
• The initiative is expected to provide relief to eligible property owners while helping bring more developments into the formal regulatory system.
• The move is part of broader urban planning reforms being implemented under Prayagraj's long-term development strategy.Read more

13 hours ago

The Odisha government has inaugurated a new 13-kilometre six-lane road connecting Infocity and Ekamra Kanan in Bhubaneswar while also laying the foundation stone for the Jayadev Vihar–Nandankanan road expansion and flyover project. The new corridor, built at a cost of INR 108.24 crore, is expected to ease congestion along NH-16 and improve connectivity in the city. The proposed flyover and road widening project, estimated at over INR 949 crore, forms part of a broader urban mobility plan for the state capital.Read more

14 hours ago

The newly elected Municipal Corporation of Panchkula is set to deliberate on a proposal for property tax relief alongside a series of sanitation and civic improvement measures during its first General House meeting. The agenda reflects the corporation’s focus on addressing public concerns related to taxation and urban cleanliness while strengthening municipal services. The proposed tax waiver is expected to provide relief to property owners, though its financial implications for municipal revenues will also be assessed. The meeting comes as Panchkula intensifies efforts to improve its sanitation infrastructure and performance under national cleanliness rankings, with several waste management, public sanitation and civic maintenance initiatives already underway across the city.Read more

15 hours ago

Stratus Properties Inc (STRS.O) has disclosed a fresh update through a recent SEC filing, confirming changes to the financing structure of its Holden Hills Phase 1 project. The company has entered into a third modification agreement related to the project loan, which adjusts key repayment terms and increases the borrowing limit. As per the revised terms, the loan maturity has been extended, while the principal amount has been raised by USD 9.9 million to a total of USD 36 million. The update reflects continued financial restructuring activity linked to the project’s long-term development plans and funding requirements.Read more

Indore News Desk

16 hours ago

• Indore district authorities sealed eight commercial establishments after inspections found major fire safety violations and non-compliance with mandatory norms.
• The action is part of an ongoing city-wide drive targeting commercial buildings that failed to install or maintain required fire protection systems.
• Several of the affected properties were found operating without adequate fire safety infrastructure, while some had non-functional or substandard equipment.
• The administration had previously issued notices and compliance deadlines to hundreds of commercial establishments across the city.
• Officials said inspections and enforcement measures will continue as authorities focus on improving fire preparedness and public safety in commercial buildings.Read more

Noida News Desk

17 hours ago

Noida International Airport at Jewar has commenced commercial passenger operations with the arrival of the first scheduled IndiGo flight from Lucknow, marking a major milestone for one of India's largest greenfield aviation infrastructure projects. The airport is expected to strengthen connectivity across the National Capital Region and western Uttar Pradesh while easing pressure on Delhi's Indira Gandhi International Airport. IndiGo will initially connect the airport to 16 domestic destinations as operations expand in phases.Read more

18 hours ago

Iraq has cancelled a USD 764 million project to upgrade and expand Baghdad International Airport after concerns were raised over possible irregularities in the tendering process and contract terms. The project had been awarded last year to a consortium comprising Luxembourg-based Corporacion America Airports and Iraqi real estate company Amwaj International. The decision comes amid the Iraqi government's wider anti-corruption efforts, which have led to increased scrutiny of major public contracts and infrastructure projects. The airport redevelopment was expected to play a significant role in improving Iraq’s aviation infrastructure and boosting passenger-handling capacity.Read more

Gurugram News Desk

16 Jun 2026

• The National Green Tribunal (NGT) has taken up a petition challenging a proposed construction and demolition (C&D) waste processing facility in Gurugram.
• Residents have raised concerns over the site's proximity to residential societies, schools, and public infrastructure, citing potential environmental and health risks.
• The tribunal has issued notices to multiple government agencies and sought their responses on the matter.
• The case has reignited the debate over balancing urban waste management needs with sustainable land-use planning and community welfare.Read more

Mumbai News Desk

16 Jun 2026

Cluster redevelopment is gaining traction across Mumbai as developers and public agencies increasingly pursue large-scale projects covering multiple buildings and neighbourhoods. Supported by policy incentives and redevelopment reforms, the model is helping consolidate fragmented land parcels and facilitate integrated planning for housing and infrastructure upgrades. Several major projects have recently advanced under this framework, reflecting a broader shift away from standalone society redevelopments towards area-wide urban renewal aimed at addressing ageing housing stock and land constraints in the city.Read more

16 Jun 2026

Andhra Pradesh Chief Minister N Chandrababu Naidu has invited venture capitalists and startup investors to explore business opportunities in the state, highlighting its growing industrial base, policy support and innovation-driven ecosystem. Speaking at a roundtable during his ongoing visit to Singapore, he said the state is focused on strengthening manufacturing, technology and entrepreneurship through structured initiatives like the Ratan Tata Innovation Hub and land pooling model. He also outlined Andhra Pradesh’s efforts in natural farming, education partnerships and industrial development, while engaging with global investors to expand cooperation across key sectors.Read more

Mumbai News Desk

16 Jun 2026

• BMC has identified 1,124 commercial establishments across Mumbai that are not complying with the Marathi-first signboard requirement during the first phase of a citywide inspection drive.
• The inspections covered more than 35,000 shops and establishments following directions to strengthen enforcement of Marathi signage regulations under the Shops and Establishments framework.
• Multiple media reports indicate that civic officials have issued notices to violators and are preparing further action against establishments that fail to comply within the stipulated timeframe.Read more

16 Jun 2026

• Kerala’s proposed AI-enabled township under Infopark Phase III in Kochi is facing legal challenges, delaying the progress of the large-scale technology project.
• Spread across nearly 300 acres, the development is expected to attract investments of around INR 25,000 crore and create about two lakh direct jobs.
• The project is being developed through a land-pooling model involving the Greater Cochin Development Authority (GCDA) and Infopark.
• Legal disputes linked to land acquisition and project approvals have emerged as key hurdles despite progress in planning and stakeholder consultations.
• The township remains a major part of Kerala’s strategy to expand its IT infrastructure and meet growing demand for technology and office space in Kochi.Read more

16 Jun 2026

Kimco Realty OP, LLC has priced an upsized private offering of USD 525 million in 3.5% exchangeable senior notes due in 2031, increasing the size of the offering from the initially proposed USD 500 million. The offering is expected to strengthen the company's capital position and support corporate requirements, including debt management and potential investments. The notes will carry a 3.5% annual interest rate and are backed by a senior unsecured guarantee from Kimco Realty Corporation. The move comes as the retail-focused REIT continues to manage its balance sheet and pursue growth opportunities across its portfolio.Read more

Mumbai News Desk

16 Jun 2026

• Maharashtra Chief Minister Devendra Fadnavis has said the northern arm of the Mumbai Coastal Road project is expected to be completed by December 2028.
• The corridor will create a signal-free route connecting Nariman Point to Bhayandar, easing pressure on the Western Express Highway.
• The project's northern section, stretching from Versova to Bhayandar, has been divided into multiple construction packages, including tunnels and elevated corridors.
• During his site visit, Shri Devendra Fadnavis also emphasised environmental compliance, including compensatory mangrove plantation, while reiterating plans to develop a new commercial district along the corridor.Read more

16 Jun 2026

Indian Hotels Company Ltd (IHCL) has expanded its hospitality portfolio in Uttar Pradesh with the opening of Ayodhyam, Ayodhya under its SeleQtions brand. The newly launched property features 162 keys and is positioned to cater to the increasing flow of visitors to one of India’s most prominent spiritual destinations. The opening comes amid sustained growth in religious and spiritual tourism across the country, particularly in Ayodhya, which has witnessed a significant rise in visitor numbers in recent years. Through the new hotel, IHCL aims to strengthen its presence in the religious tourism segment while offering accommodation that reflects the cultural and spiritual character of the city.Read more

16 Jun 2026

Maharashtra’s State Road Safety Council has not met for more than three years despite the state recording tens of thousands of road accidents and fatalities during the period. The statutory body, mandated to meet every six months, last convened in April 2023. Responsible for reviewing accident trends and coordinating safety measures across departments, the council’s prolonged inactivity has raised concerns over road safety governance and oversight in a state that continues to report one of the highest accident and fatality burdens in India.Read more

16 Jun 2026

S&P Global has flagged real estate overvaluation as an emerging risk for Hungary’s banking sector after a sustained surge in property prices over recent years. House prices in the country have more than tripled since 2015, marking the fastest growth rate in the European Union. Analysts noted that government-backed housing schemes, including low-interest mortgage support, have pushed borrowing levels higher and increased loan-to-value ratios. While no immediate housing crash is expected, concerns remain that weaker economic growth or wage slowdowns could expose vulnerabilities in bank asset quality.Read more

Mumbai News Desk

16 Jun 2026

Embassy Group has challenged a writ petition linked to allegations surrounding certain transactions, describing the filing as a repetition of issues that have already been examined by regulators and judicial forums. The company stated that the matter remains under review by the Securities and Exchange Board of India (SEBI) and maintained that previous proceedings had addressed similar claims. The development has drawn attention across the real estate and infrastructure sectors, given Embassy’s significant presence in commercial property, business parks and infrastructure-linked assets.Read more

Kochi News Desk

16 Jun 2026

• Kochi Metro Phase II, connecting JLN Stadium and Infopark, is now expected to be commissioned in August 2027.
• Utility shifting, construction complexities and coordination with multiple agencies have emerged as major reasons behind the latest delay.
• The 11.2-km elevated Pink Line corridor will have 11 stations and improve connectivity to Kakkanad, Infopark and SmartCity.
• Earlier funding-related hurdles have been resolved, allowing construction activities to gain momentum.
• The INR 1,957.05 crore project is expected to play a key role in supporting Kochi's growing IT, residential and commercial corridors.Read more

16 Jun 2026

• Around 5.40 lakh housing units are scheduled for delivery in 2026 across India’s top seven cities, marking the highest completion pipeline in over a decade, according to ANAROCK Research.
• The Mumbai Metropolitan Region and Pune together account for nearly 57% of total expected deliveries, highlighting strong concentration in Maharashtra’s residential market.
• While the outlook reflects robust project completions and steady housing demand, developers may face execution challenges from global geopolitical tensions, supply chain disruptions, and rising construction costs.Read more

Mumbai News Desk

16 Jun 2026

Kriti Sanon, along with her mother Geeta Sanon and sister Nupur Sanon, has sold four apartments in Mumbai’s Andheri West for a combined INR 8.9 crore, according to property registration records. The transactions involve residential units purchased in 2020 and sold in June 2026, generating substantial capital appreciation over the holding period. The deals highlight the sustained strength of Mumbai’s premium residential market, particularly in established western suburban locations where property values have witnessed significant growth despite fluctuations in the broader real estate cycle.Read more

16 Jun 2026

Chennai-based residential developer Casagrand Premier Builder has received approval from the Securities and Exchange Board of India (SEBI) to launch its proposed INR 1,220 crore initial public offering (IPO). The offering comprises a fresh issue of equity shares worth INR 1,200 crore and an offer for sale of up to INR 20 crore by promoter entities. The company had filed its draft red herring prospectus in December 2025 and received SEBI’s observations on June 8, clearing the way for the public issue. A substantial portion of the proceeds will be utilised for debt reduction at both the company and subsidiary levels. The IPO comes as Casagrand continues to expand its presence across Chennai, Bengaluru, Hyderabad and Coimbatore, with a sizeable pipeline of completed, ongoing and upcoming residential projects.Read more

16 Jun 2026

Italian authorities have uncovered a major tax credit fraud linked to the country's former Superbonus home renovation incentive programme, leading to the seizure of more than EUR 560 million in tax credits. Investigators found that a criminal network allegedly used dozens of mostly fictitious companies to create credits for construction work that was never carried out. The probe involves redevelopment projects across multiple residential buildings and has led to investigations against 12 individuals for suspected fraud and money laundering. The case has once again drawn attention to the financial impact of Italy's costly Superbonus scheme.Read more

16 Jun 2026

The Union government has approved a highway upgradation project worth INR 1,880 crore in Goa, aimed at improving connectivity, easing congestion and strengthening transport infrastructure in the coastal state. The project, cleared in the past week, will involve the development and modernisation of key highway stretches that serve both intra-state traffic and long-distance freight movement. The approval forms part of the Centre’s broader road infrastructure expansion programme and is expected to improve travel efficiency, road safety and access to major economic and tourism hubs across Goa. Officials said the upgraded corridors would support rising traffic demand, facilitate movement between urban centres and industrial areas, and enhance connectivity with neighbouring states. The project will be executed under the National Highways development framework and is intended to support long-term regional mobility and economic activity.Read more

Priyanka Vig

16 Jun 2026

India’s hospitality industry is emerging as one of the fastest-growing and most structurally important sectors in the economy. The industry is entering a strong structural growth phase driven by rising demand across accommodation, travel, food & beverage, and events. The sector spans everything from luxury hotels to budget stays and contributes significantly to GDP, employment, and local economies. With market projections indicating rapid expansion, improving occupancy, and rising RevPAR, India’s hotel ecosystem is showing sustained momentum even amid new supply additions. However, branded hotel penetration remains low compared to global benchmarks, highlighting a large untapped opportunity for long-term expansion.Read more

Mumbai News Desk

16 Jun 2026

The Bombay High Court has quashed a deemed conveyance granted to a cooperative housing society in Andheri, ruling that the competent authority under the Maharashtra Ownership Flats Act (MOFA) does not possess the power to review or alter its own final orders. The court held that a Deputy District Registrar exceeded statutory authority by revisiting and modifying an earlier conveyance order through a subsequent proceeding. The judgment reinforces the principle of legal finality in deemed conveyance matters and clarifies the limited powers available to authorities administering MOFA. Legal experts believe the ruling could influence future conveyance disputes by establishing clearer boundaries around administrative review powers in housing society and property ownership cases.Read more

16 Jun 2026

Yadong Group has announced that its subsidiary, Amazing Ecotech, has entered into a construction agreement for a manufacturing facility in Vietnam. The contract is valued at HKD 179.8 million and marks a significant step in the company's plans to strengthen its production capabilities in Southeast Asia. The development reflects the growing trend of companies expanding manufacturing operations beyond China to diversify supply chains and support future business growth. The project is expected to support Amazing Ecotech’s operational expansion and enhance its manufacturing infrastructure in the region.Read more

Ahmedabad News Desk

16 Jun 2026

• Gujarat is planning a dedicated space manufacturing hub near Ahmedabad to strengthen its presence in India's rapidly growing space sector.
• The proposed ecosystem will support startups, private companies, and component manufacturers with advanced infrastructure and testing facilities.
• A INR 100-crore testing centre is also being planned to help space-tech firms develop and validate their products domestically.
• The initiative aims to attract investment, generate high-skilled employment, and position Gujarat as a major destination for aerospace manufacturing and innovation.Read more