11 minutes ago

Knowledge Realty Trust has approved plans to raise up to INR 20 billion through a combination of non-convertible debentures (NCDs) and commercial papers. The fundraising, cleared by the trust through private placement and short-term debt instruments, is aimed at strengthening its financial flexibility and supporting future funding requirements. The move comes as real estate investment platforms increasingly tap debt markets to diversify capital sources, manage liquidity, and support growth plans amid continued demand for high-quality commercial real estate assets across key Indian markets.Read more

41 minutes ago

China’s residential property market remained under pressure in May, with new home prices recording a steeper monthly decline as demand continued to stay weak despite signs of stability in some major cities. Data showed that property sales, investment, construction activity and developer financing all weakened further during the first five months of the year. While top-tier cities such as Shanghai, Shenzhen and Guangzhou posted modest price gains and resale housing markets showed some improvement, smaller cities continued to face oversupply challenges and slower inventory absorption, keeping overall market sentiment subdued.Read more

1 hour ago

Lubrizol and Grasim Industries Ltd have inaugurated a Chlorinated Polyvinyl Chloride (CPVC) resin manufacturing facility at Vilayat in Gujarat’s Bharuch district, strengthening domestic production capabilities for a key raw material used in construction and infrastructure applications. The facility was inaugurated by Gujarat Chief Minister Bhupendra Patel in the presence of senior executives from both companies and state officials. CPVC resin is widely used in plumbing systems, water management networks, fire safety infrastructure and industrial piping. The new plant is expected to support rising demand from India’s infrastructure, real estate and building materials sectors, while contributing to local manufacturing capacity for specialised construction materials.Read more

1 hour ago

Dharampal Satyapal Group (DS Group) has increased its planned investment in the hospitality sector to INR 1,500 crore from an earlier target of INR 1,000 crore as the conglomerate expects to achieve its room inventory expansion goals ahead of schedule. The company announced a new luxury hotel project under Marriott International’s W Hotels brand near Indira Gandhi International Airport in Delhi-NCR and is simultaneously exploring brownfield acquisitions and expansion opportunities across North-East India. DS Group aims to double its room inventory from 1,000 to 2,000 keys before 2029, when the group marks its centenary year. The latest expansion strategy reflects the company’s growing focus on hospitality, supported by rising travel demand, limited hotel penetration in India and increasing opportunities across leisure, religious and business travel segments.Read more

2 hours ago

• Every monsoon, Maharashtra's mountains, valleys and forests transform into breathtaking green landscapes dotted with waterfalls and mist.
• Beyond the usual tourist hotspots, the state is home to several underrated destinations that offer peace, adventure and spectacular scenery.
• From flower-filled plateaus and hidden ghats to lakes, forts and cloud-covered viewpoints, each place has its own charm during the rainy season.
• Whether you're planning a road trip, a family holiday or a weekend escape, these destinations deserve a spot on your monsoon bucket list.Read more

2 hours ago

Road King Infrastructure has announced that its proposed acquisition of a target interest in China will not move forward after the asset became subject to enforcement action through a judicial auction process in the People’s Republic of China (PRC). The company said it is taking steps to recover RMB172.5 million that had already been paid to Beijing Xuke in connection with the transaction. The development marks a setback for the planned deal and highlights the legal challenges surrounding the target asset, prompting the group to focus on recovering its funds.Read more

3 hours ago

Infrastructure Investment Trusts (InvITs) distributed INR 22,769 crore to unitholders during FY26, taking cumulative payouts since inception to INR 91,000 crore, according to data released by the Bharat InvITs Association (BIA). The sector also recorded growth in assets under management, which increased from INR 6.3 lakh crore in FY25 to INR 7.1 lakh crore in FY26. Listed InvITs added nearly two lakh new unitholders during the year, resulting in a 64% increase in the investor base. Equity fundraising by InvITs rose to INR 1.97 lakh crore during FY26, while the industry’s gross debt stood at INR 3.35 lakh crore as of March 31, 2026. The figures highlight the growing role of InvITs in infrastructure financing and asset monetisation across India.Read more

3 hours ago

Bouygues Construction has secured a project to develop a new university hospital in Montenegro, marking another addition to its international healthcare infrastructure portfolio. The company announced that the project is expected to move into the implementation phase in 2027, subject to the completion and finalization of the financing plan. The development is expected to strengthen healthcare infrastructure in Montenegro and support the country's long-term medical and educational requirements. Further details regarding the project's size, investment value, and construction timeline have not yet been disclosed.Read more

4 hours ago

Navitas Solar has announced plans to invest around INR 1,500 crore to expand its solar manufacturing operations in Gujarat through an integrated project that will include a 3.6 GW solar cell manufacturing facility and a pilot wafer and ingot production line. The project will be implemented in phases, with the first phase scheduled for commissioning in 2027. Civil construction covering more than 10 lakh sq ft is already underway. The expansion is intended to strengthen the company’s manufacturing capabilities across the solar value chain and support greater backward integration. The project is also expected to create nearly 1,000 jobs. Navitas Solar currently operates an annual solar module manufacturing capacity of 3 GW and is seeking to broaden its presence in India’s renewable energy manufacturing ecosystem.Read more

4 hours ago

The National Capital Region Planning Board (NCRPB) has approved the development of four new greenfield urban centres, to be known as ‘Namo Cities’, under the Regional Plan 2041 framework. One city is expected to be developed in each of the NCR participating states—Delhi, Haryana, Uttar Pradesh and Rajasthan—with the Centre earmarking INR 5,000 crore over five years to support the initiative. The proposal forms part of a broader strategy to promote decentralised urbanisation, reduce pressure on Delhi and create new economic and residential growth centres across the region. The plan is linked to NCR’s long-term development vision, which includes improved regional connectivity, transit-oriented growth and the creation of new urban clusters to accommodate rising population and economic activity through 2041.Read more

Mumbai News Desk

5 hours ago

The Brihanmumbai Municipal Corporation (BMC) has suspended water supply to construction sites and swimming pools across Mumbai as reservoir stocks continue to decline. The decision is part of emergency water management measures aimed at prioritising domestic consumption amid mounting supply stress. The restriction applies to new and ongoing construction activity as well as private and public swimming facilities. The move comes as authorities intensify monitoring of water usage across the city and step up enforcement against non-essential consumption. Officials have also indicated stricter checks on misuse of potable water as demand pressures persist.Read more

5 hours ago

A new research report by Liases Foras has identified Neral, located in the eastern Mumbai Metropolitan Region (MMR), as a potential residential growth market within the Mumbai 3.0 development corridor. The report links the area's prospects to an infrastructure pipeline valued at approximately INR 4.04 lakh crore, including the Navi Mumbai International Airport, Virar–Alibaug Multimodal Corridor, Metro Line 8 and the Panvel–Karjat railway project. According to the study, Neral could witness up to five-fold land value appreciation over the next decade as connectivity improves and economic activity expands across the region. The report also highlights anticipated employment generation from airport-led development, large corporate investment commitments and environmental factors that limit land supply, while citing rental yield opportunities in the premium villa segment.Read more

6 hours ago

The Delhi government has approved a new slum rehabilitation policy aimed at providing permanent housing to nearly four lakh families living across approximately 675 slum clusters in the national capital. The policy seeks to accelerate in-situ redevelopment through public-private partnerships, allowing eligible residents to receive formal housing at or near their existing locations wherever feasible. The framework is designed to address longstanding challenges associated with fragmented land ownership, funding constraints and project viability. Authorities expect the initiative to improve living conditions for a substantial section of Delhi’s urban population while facilitating the redevelopment of underutilised land parcels. The policy also draws upon ongoing discussions around large-scale redevelopment models and forms part of broader efforts to strengthen urban housing infrastructure and rehabilitation mechanisms in the city.Read more

Mumbai News Desk

6 hours ago

• JSW Realty is in discussions to raise approximately USD 169 million (around INR 1,450 crore) from Tata Capital to support a major commercial real estate development in Mumbai.
• The proposed financing is expected to strengthen the company's funding strategy as it expands its footprint in India's premium office and mixed-use property market.
• The move reflects continued lender confidence in high-quality commercial assets in Mumbai, even as developers increasingly rely on structured financing to accelerate project execution.Read more

7 hours ago

Avaada Group expects to increase its renewable energy capacity to 17.7 GW over the next two years as it advances projects currently under construction. The company’s renewable energy portfolio already exceeds 17.7 GWp, comprising more than 7.2 GWp of operational assets and around 10.5 GWp under development. According to the company, power purchase agreements (PPAs) have been secured for the projects under construction, providing the foundation for financing and execution. Avaada’s business interests span renewable power generation, solar photovoltaic manufacturing, green hydrogen, energy storage, pumped storage projects and green data centres. The update was shared during the conclusion of the Avaada Bharat Uday Yatra, a nationwide initiative aimed at promoting public participation in India’s clean energy transition and sustainability goals.Read more

Pune News Desk

7 hours ago

• Pune Police have registered a case against a city-based builder over allegations of cheating more than 150 flat and shop buyers.
• Complainants claim the project remained incomplete despite substantial payments made over several years.
• The alleged fraud amount is estimated at nearly INR 50 crore, raising concerns over homebuyer protection and project delays.
• Buyers have accused the developer of failing to deliver possession while continuing to make assurances regarding project completion.Read more

8 hours ago

China Evergrande’s liquidators have sought a judicial review of a HKD 1 billion (USD 127.67 million) settlement reached between Hong Kong’s Securities and Futures Commission (SFC) and PricewaterhouseCoopers (PwC) Hong Kong over the auditor’s work for the collapsed developer. The liquidators argue that the regulator did not have the legal authority to resolve a market misconduct claim against a non-regulated entity in the manner adopted. They also contend that compensating shareholders through the settlement could reduce funds available for creditors, adding another layer to the ongoing efforts to recover assets from one of China’s largest corporate collapses.Read more

Mumbai News Desk

8 hours ago

The Maharashtra Housing and Area Development Authority (MHADA) has entered into a partnership with the MahaTennis Foundation to develop a world-class tennis facility in Andheri, Mumbai. The project, planned on approximately two acres of MHADA-owned land, aims to strengthen sports infrastructure in the city and promote tennis training and development for emerging players. The initiative, formalised through a memorandum of understanding, is expected to upgrade existing recreational land into a structured sporting hub, supported through public-private collaboration and financial backing for infrastructure development.Read more

9 hours ago

Brookfield, Singapore’s sovereign wealth fund GIC and Canadian institutional investor British Columbia Investment Management Corporation (BCI) have collectively divested a 7.27% unitholding in Altius Telecom Infrastructure Trust (Altius InvIT) through open market transactions worth approximately INR 3,656 crore. The sale involved more than 22.15 crore units and was executed on Tuesday at prices ranging between INR 165 and INR 165.05 per unit. Infrastructure major Larsen & Toubro emerged as a key buyer, acquiring a 1.25% stake for nearly INR 628 crore. The transaction marks a significant secondary market trade in India’s telecom infrastructure investment trust sector. Altius InvIT owns a portfolio of more than 2.57 lakh telecom sites supporting technologies from 2G and 5G to Internet of Things, small cells and emerging AI-driven applications.Read more

9 hours ago

• The Bombay High Court is hearing fresh proceedings related to land reserved for burial grounds in Thane, following allegations of encroachment and non-compliance with earlier judicial directions.
• Petitioners have claimed that portions of land earmarked for Christian burial grounds continue to face unauthorised occupation despite previous court orders protecting the reservation.
• A contempt plea has also been filed against civic authorities, alleging failure to implement directions concerning the disputed land.
• The case has renewed focus on the protection of reserved public utility lands and the responsibilities of local authorities in enforcing planning regulations.Read more

Indore News Desk

10 hours ago

Indore Metro is likely to commence operations on its expanded 17-km priority corridor on June 21, subject to final state government approval. The extension adds an 11-km stretch between Super Corridor and Radisson Square, nearly tripling the operational network from 6 km. The route will connect major residential, commercial and transport hubs, including Vijay Nagar, ISBT and MR-10. The corridor has received safety clearance from the Commissioner of Metro Rail Safety, paving the way for wider metro connectivity across the city.Read more

10 hours ago

Bajaj Finance has accepted bids worth INR 1,390 crore through the reissue of its September 2028 bonds, according to market participants. The non-banking financial company offered a yield of 7.80% on the issue and conducted the fundraising through a commitment bidding process on June 17. The bonds carry a remaining maturity of approximately two years and three months and have been assigned a AAA rating by Crisil. The fundraising reflects continued access to debt capital markets by highly rated non-banking financial companies amid steady investor demand for high-grade corporate debt instruments.Read more

Kochi News Desk

11 hours ago

Cochin International Airport Ltd (CIAL) is considering a compensation mechanism for homeowners whose properties have reportedly been damaged by low-flying aircraft approaching Kochi airport. The move follows recent incidents in areas along flight paths, including a case in which a house sustained roof damage and its owner was injured. Airport authorities are examining the possibility of providing assistance through CSR funds while reviewing complaints from affected residents, bringing renewed focus to the impact of airport operations on neighbouring communities.Read more

Mumbai News Desk

12 hours ago

The Dharavi Redevelopment Project (DRP) has introduced digital twin technology to support resident verification and eligibility assessments under the Mumbai redevelopment programme. The system creates a virtual model of Dharavi’s built environment, enabling authorities to map structures, verify occupancy records and cross-check resident information more accurately. Officials said the technology is intended to improve transparency, reduce discrepancies and streamline the rehabilitation process. The initiative forms part of ongoing surveys and eligibility verification exercises across Dharavi.Read more

13 hours ago

The Supreme Court has cleared the way for the Brihanmumbai Municipal Corporation (BMC) to consider Reliance Industries’ master plan for the 130-acre public open space created under Mumbai’s Coastal Road South project. The court recorded Reliance’s undertaking that ticketed attractions would be limited to 15% of the reclaimed land, while 85% would remain freely accessible. The waterfront is planned to include promenades, parks, gardens, cycle tracks and recreational spaces, with commercial and residential development remaining prohibited.Read more

Mumbai News Desk

14 hours ago

Mumbai’s water reserves have fallen to 10.7% of total storage capacity, prompting the Brihanmumbai Municipal Corporation (BMC) to review whether stricter water conservation measures are needed. The assessment comes after a 10% water supply cut was imposed across Mumbai and neighbouring areas due to declining reservoir levels. With the city dependent on seven lakes for drinking water, officials are evaluating current stocks, consumption trends and contingency measures to ensure adequate supply until monsoon inflows improve reservoir levels.Read more

18 Jun 2026

Mumbai has imposed fresh water conservation measures after reservoir storage levels dropped to 10.35% of total capacity following the city's driest June in more than a decade. The Brihanmumbai Municipal Corporation (BMC) has temporarily disconnected water supply to construction sites and suspended new water connections for such projects from June 17. Water supply to industrial and commercial establishments, as well as sports clubs, has also been reduced by 20%, adding to an earlier 10% cut implemented in May. The restrictions come as Maharashtra recorded rainfall approximately 75% below normal during the first half of June. With the city's seven reservoirs holding enough water for only around 40 days, concerns have emerged over long-term water security and the impact of delayed monsoon rains on urban infrastructure and development activity.Read more

18 Jun 2026

Siemens Ltd has secured a supply order from Titagarh Rail Systems to provide advanced propulsion systems and Train Control and Monitoring Systems (TCMS) for the Pune Metro Rail project extension. The contract covers the design, manufacture, supply and warranty of traction converters, auxiliary converters, traction motors and TCMS for 12 trainsets. While the financial value of the order was not disclosed, the collaboration is expected to support localisation and strengthen India's urban mobility manufacturing ecosystem.Read more

18 Jun 2026

• HomeLane is planning an IPO within the next 12 to 24 months as it focuses on profitability, expansion and growth in India's organised home interiors market.
• The company aims to use IPO proceeds to enter new cities and expand into categories such as kitchen appliances and soft furnishings.
• HomeLane reported a 22% rise in FY25 revenue to INR 7.56 billion, while its net loss narrowed to INR 1.11 billion.
• The company is targeting revenue of around INR 10 billion this fiscal and nearly INR 30 billion by FY31.
• Growing demand for home interiors, urbanisation and technology adoption are creating opportunities for organised interior design companies across India.Read more

18 Jun 2026

The Municipal Corporation of Delhi (MCD) has intensified enforcement action against unauthorised constructions across the capital, demolishing 217 properties and sealing 237 establishments since the beginning of June. The crackdown follows the fatal Malviya Nagar hotel fire that triggered heightened scrutiny of building safety, land-use violations and unauthorised development. During the same period, authorities issued 330 show-cause notices for illegal construction, 151 sealing notices and 91 demolition orders. Parallel inspections conducted by the Revenue Department covered 773 properties across Delhi between June 5 and June 15. The drive spans residential, commercial and mixed-use properties, with authorities examining compliance with building regulations, fire safety requirements and land-use norms. Officials have indicated that enforcement measures will continue across all districts as part of a wider effort to curb unauthorised construction and improve public safety.Read more

18 Jun 2026

Harmony Infra Ventures will invest around INR 800 crore to develop a luxury residential project, The Horizon Residences, in Indirapuram, Ghaziabad. The company has acquired a 100% stake in the land-owning entity for the development, which will comprise 264 premium apartments. Homes are being offered at around INR 15,000 per sq ft, with apartment prices ranging from INR 6 crore to INR 7.5 crore. The project is scheduled for completion in 2030 and is expected to generate revenue of approximately INR 1,600 crore. Around 100 units have already been sold. The launch comes amid continued demand for residential properties in Delhi-NCR, where housing sales rose 11% year-on-year during the January-March quarter, according to PropTiger.Read more

18 Jun 2026

Marwest Apartment Real Estate Investment Trust has announced a 2.1% increase in its monthly cash distribution policy, reflecting a higher payout for unitholders. The revised distribution has been set at USD 0.001455 per unit and will take effect from June 2026. The move marks an increase from the trust’s previous distribution level and signals continued cash returns to investors. Real estate investment trusts typically review distribution policies based on portfolio performance, cash flows and market conditions. The latest revision forms part of Marwest Apartment REIT’s ongoing distribution framework for its unitholders.Read more

18 Jun 2026

Two Adani Group-operated airports in India have been included in the Prix Versailles World’s Most Beautiful Airports List 2026, highlighting growing international recognition of the country’s aviation infrastructure and design standards. Navi Mumbai International Airport’s Terminal 1 and Terminal 2 at Lokapriya Gopinath Bordoloi International Airport, Guwahati, were selected among seven airports worldwide recognised for architectural excellence, sustainability, cultural identity and passenger experience. The annual Prix Versailles awards, presented at UNESCO headquarters in Paris, celebrate outstanding architectural achievements globally. The recognition places the two Indian airport projects alongside airports in Guangzhou, Frankfurt, Kandal Stueng, Pittsburgh and San Diego. Three facilities from the shortlist will later receive global awards for architecture, interior design or exterior design.Read more

18 Jun 2026

Delhivery has launched a nationwide network of more than 1,000 dedicated rest facilities, branded as ‘Vishram’, for delivery associates across nearly 600 cities and towns in India. The initiative is aimed at improving the welfare of gig workers and delivery personnel by providing access to essential amenities such as seating areas, drinking water, washrooms, charging points and first-aid facilities. Open to delivery workers across platforms and sectors, the programme seeks to address the lack of roadside infrastructure available to delivery personnel while establishing a broader benchmark for workforce welfare within India’s rapidly growing logistics, e-commerce and quick-commerce industries.Read more

18 Jun 2026

The Enforcement Directorate (ED) has conducted searches at 17 locations across Mumbai, Khandala and New Delhi as part of a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process involving loans originally sanctioned by Yes Bank. The action covered premises associated with Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors, employees and a former Yes Bank employee. Investigators are examining the assignment of loans granted during FY2016-17 and FY2017-18, including facilities extended to Mackstar Marketing Pvt Ltd. The probe focuses on allegations of collusion in the acquisition of stressed assets, undervaluation of assets, questionable creditor claims and voting practices during insolvency proceedings, alongside concerns regarding transparency in the resolution process.Read more

18 Jun 2026

China’s banking sector reported a weaker-than-expected recovery in lending activity in May, reflecting continued pressure from the country’s prolonged property market downturn and subdued domestic demand. New yuan loans rebounded from a contraction recorded in April but remained below market expectations. Household borrowing, including mortgages, stayed under pressure despite some improvement, while corporate lending strengthened. The latest figures indicate that businesses and consumers remain cautious amid a challenging economic environment. Analysts believe weak credit demand, rather than a shortage of available funds, continues to be the main factor limiting loan growth across the economy.Read more

Mumbai News Desk

18 Jun 2026

A fire broke out at the under-construction Mumbai Metro Line 2B site near Bandra Reclamation flyover, prompting the Mumbai Metropolitan Region Development Authority (MMRDA) to initiate a safety probe into the incident. Officials confirmed that no structural damage was reported to the metro viaduct and no injuries occurred, although the blaze led to temporary disruption in the area. The incident occurred near a key elevated section of the Metro 2B corridor connecting Bandra East and West, where construction activity is ongoing as part of Mumbai’s expanding metro network.Read more

Mumbai News Desk

18 Jun 2026

• A slab collapse at Mumbai’s Shivajinagar BEST bus depot triggered renewed concerns over the structural condition of ageing transport infrastructure across the city.
• Around 25 depot employees narrowly escaped injury after noticing warning signs and evacuating the affected area shortly before the collapse.
• Preliminary accounts suggest visible cracks and signs of structural distress had appeared before the incident, prompting questions about maintenance and inspection practices.
• The collapse has intensified calls for comprehensive structural audits and accelerated repair programmes across older BEST facilities.Read more

18 Jun 2026

• SEBI has proposed restoring the stock exchange route for share buybacks after discontinuing the mechanism in April 2025.
• The proposal follows changes in the tax treatment of buybacks, which the regulator believes have addressed concerns that led to the route's withdrawal.
• Industry bodies and market participants have sought the return of open-market buybacks, citing benefits such as improved liquidity, efficient capital deployment and greater flexibility for listed companies.
• SEBI has invited public feedback on the proposal before deciding whether to formally reinstate the mechanism.Read more

Mumbai News Desk

18 Jun 2026

Actor Kalki Koechlin has sold a 1,230 sq ft apartment in Andheri West, Mumbai, for INR 2.55 crore, according to property registration documents reviewed by real estate data platforms. The transaction reflects continued activity in Mumbai's western suburban housing market, where average residential prices in Andheri West have risen by about 6.8 per cent year-on-year to around INR 29,000 per sq ft. The apartment forms part of a residential development in one of the city's established residential and commercial micro-markets.Read more

18 Jun 2026

Puravankara Ltd has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru to develop a residential project with an estimated revenue potential of INR 800 crore. The outright acquisition offers a development potential of around 0.89 million sq ft and forms part of the company's strategy to strengthen its presence in Bengaluru, one of its key residential markets. While the company did not disclose the acquisition cost or the identity of the seller, it stated that the project would add to its expanding development pipeline. As of March 31, 2026, Puravankara had completed 95 projects covering 57 million sq ft across nine Indian cities, while its total land bank stood at 40 million sq ft and ongoing developments spanned 36.69 million sq ft.Read more

18 Jun 2026

New Zealand's housing market recorded a modest increase in home prices in May, even as sales activity slowed across the country. Data from the Real Estate Institute of New Zealand (REINZ) showed that median house prices rose on a monthly and annual basis, indicating continued resilience in property values. However, elevated living costs, including higher fuel expenses, continued to affect buyer sentiment. Sales volumes declined both month-on-month and year-on-year as households remained careful with spending decisions. Political uncertainty ahead of the country's national election later this year also contributed to a more measured approach among homebuyers.Read more

18 Jun 2026

The Adani Group and US-based electronic components manufacturer Jabil Incorporated have announced a strategic alliance to establish a vertically integrated artificial intelligence and data centre infrastructure manufacturing platform in India. The partnership aims to create multi-gigawatt manufacturing capacity for AI racks, servers, storage and networking systems, targeting a global market opportunity estimated at more than USD 3 trillion over the next seven years. The venture will combine Jabil's manufacturing expertise with Adani's infrastructure and green energy capabilities to serve both domestic and international markets while supporting India's expanding digital infrastructure ecosystem.Read more

18 Jun 2026

• Andhra Pradesh has signed an MoU with global logistics company Aramex to strengthen export capabilities for the state’s micro, small and medium enterprises (MSMEs).
• The partnership aims to improve international market access by providing logistics support, supply chain solutions and export facilitation services to local businesses.
• The initiative aligns with the state government’s broader strategy to enhance exports, attract investment and integrate local manufacturers with global trade networks.
• Officials expect the collaboration to help MSMEs overcome logistical barriers and improve their competitiveness in overseas markets.Read more

18 Jun 2026

Jammu and Kashmir Police have intensified action against property owners who failed to comply with mandatory tenant verification rules in Jammu. In a recent enforcement drive, several landlords were booked and FIRs were registered for not submitting tenant details or completing police verification before renting out their properties. The crackdown was carried out under district-level security directions aimed at improving monitoring of tenants, domestic helpers, and paying guests. Authorities stated that non-compliance weakens security systems and have urged all property owners to strictly follow verification procedures to avoid legal consequences.Read more

18 Jun 2026

Australia's GPT Group has announced a major retail property transaction through its GPT Wholesale Shopping Centre Fund, agreeing to acquire stakes in two large shopping centres from a Lendlease-managed retail property fund. The deal, valued at approximately AUD 1.2 billion (USD 849.12 million), includes a 50% interest in Sunshine Plaza in Queensland and a 50% interest in Macarthur Square in New South Wales. The acquisitions are being completed in line with independent valuations and reflect continued investor interest in high-quality retail assets despite evolving consumer and retail market dynamics.Read more

18 Jun 2026

K2 Infragen has received a Letter of Acceptance worth INR 158.58 crore, including GST, from Konkan Railway Corporation for railway electrification and traction system upgradation works. The order involves design, supply, erection, testing, and commissioning to upgrade the electric traction system from 1 x 25 kV to 2 x 25 kV across key railway sections under North Western Railway. The project spans over 403 route km and 497.65 track km and is scheduled for completion within 24 months. The development strengthens the company’s presence in railway electrification infrastructure projects.Read more

18 Jun 2026

• The Supreme Court has agreed to examine a plea seeking stronger protection for homebuyers under subvention-based housing schemes.
• The petition argues that financial liability should be shared between developers and lenders in case of project delays or non-delivery of flats.
• It seeks a structured mechanism to protect buyers from loan repayment burdens when possession is not given.
• The plea also demands clearer regulatory controls on fund disbursal linked to construction progress.
• Notices have been issued to the Centre and other stakeholders for their responses.Read more

18 Jun 2026

• Villagers from Jewar who gave land for Noida International Airport boarded the inaugural passenger flight this week.
• Around 170 farmers, including nearly 20 women, participated in the first commercial journey from Jewar to Lucknow.
• Most passengers were first-time flyers and were specially invited as part of the launch event.
• The flight marked the start of operations at the new airport, developed on land acquired from local residents.
• Passengers were also expected to meet Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow.Read more

18 Jun 2026

Mumbai’s sea-facing housing landscape is undergoing a structural shift driven by major infrastructure additions such as the Coastal Road, Mumbai Trans Harbour Link (Atal Setu), and the proposed Versova-Bandra Sea Link. These projects are gradually dissolving long-standing geographic constraints, bringing new coastal pockets into residential consideration and expanding the idea of waterfront living beyond traditional luxury zones. While South Mumbai’s ultra-prime belt continues to operate on scarcity-led demand and legacy value, emerging corridors are introducing relatively accessible entry points for sea or creek-facing homes. In 2026, the pricing gap between established luxury neighbourhoods and new coastal micro-markets is widening significantly, with emerging locations offering entry levels that are nearly one-tenth to half of prime South Mumbai rates.Read more