26 minutes ago

The Enforcement Directorate has received permission from a special PMLA court in Mumbai to arrest self-styled godman Ashok Kharat in connection with an alleged INR 70 crore money laundering case. Kharat, who is already in judicial custody in Nashik jail in separate rape and fraud cases, is accused of operating an extortion network and routing funds through multiple benami bank accounts. The ED has alleged that money collected from victims through religious manipulation and the sale of so-called “blessed” products was used to acquire properties in his and his family members’ names. Authorities are also probing possible wider financial links and additional beneficiaries.Read more

56 minutes ago

Godrej Properties has completed the handover of more than 500 plots at its Forest Estate project in Nagpur. The company also conducted the first Nagpur edition of its customer handover initiative, Shubh Aarambh, as part of the process. The development marks another milestone for the Mumbai-based developer in the plotted development segment, which has seen rising demand across several tier-II cities. In recent years, Godrej Properties has been expanding its residential presence beyond metro markets through plotted communities and township-style developments in locations with improving infrastructure and housing demand.Read more

1 hour ago

Residential asking prices in the UK recorded a stronger-than-usual rise in May, according to property portal Rightmove, even as global uncertainty linked to the Iran conflict continued to affect sentiment. Average asking prices increased 1.2% month-on-month, above the typical seasonal rise seen during this period. Mortgage rates also eased slightly, offering some relief to buyers. However, annual price growth remained negative, while sales activity stayed mixed. The number of homes available for sale continued to remain at its highest level in more than a decade, indicating that supply in the market is still elevated.Read more

1 hour ago

The Mumbai-Ahmedabad Bullet Train project has achieved a major construction milestone with the lowering of the first Tunnel Boring Machine cutterhead at Vikhroli in Mumbai. The 13.6-metre-diameter cutterhead forms part of two TBMs being assembled for excavation of a 16 km underground tunnel section, including India’s first undersea rail tunnel beneath Thane Creek. Each TBM weighs over 3,000 tonnes and is designed to construct a single tunnel carrying both high-speed rail lines.The cutterhead, weighing around 350 tonnes, has been fitted with 84 cutter discs, 124 scrapers and 16 bucket lips for excavation and muck removal operations. The machine will tunnel nearly 6 km from Vikhroli to Bandra Kurla Complex beneath dense urban areas and the Mithi river, with multiple monitoring systems being deployed to ensure structural and excavation safety during construction.Read more

2 hours ago

• Indian Hotels Company (IHCL) has signed a 105-key brownfield gateway resort project in Bharatpur, Rajasthan.
• The company said Bharatpur is witnessing rising demand for experiential tourism, destination weddings and MICE activities due to its strategic location and bird sanctuary.
• With the new signing, IHCL’s Rajasthan portfolio will increase to 67 hotels, including 24 under development.
• Separately, Hilton has signed a 96-key Hilton Garden Inn hotel in Kompally, Hyderabad, which is expected to open in 2028.
• Hilton said it plans to significantly expand its India portfolio in the coming years, targeting both major gateway cities and emerging business destinations.Read more

2 hours ago

• The West Bengal government has granted in-principle approval for handing over seven national highway stretches to National Highways Authority of India and National Highways and Infrastructure Development Corporation Limited.
• The decision is expected to revive long-pending infrastructure works on strategic road corridors that were awaiting formal transfer from the state Public Works Department.
• Key stretches include NH-312 connecting multiple districts up to the India-Bangladesh border, along with portions of NH-31 and NH-33 in West Bengal.
• Several northern corridors linking Sikkim, Bhutan and Bangladesh, including routes in Kalimpong, Darjeeling and Jaigaon, will now be developed by NHIDCL.
• The move is aimed at accelerating national highway development, improving cross-border connectivity and easing execution delays that had persisted for nearly a year.Read more

3 hours ago

• Australia’s Labor government is facing voter backlash after proposing major changes to property investment taxes in its latest budget.
• The reforms include limiting capital gains tax discounts and negative gearing benefits to address housing affordability and intergenerational inequality.
• Recent polls showed many voters believe the measures could negatively impact the economy, with strong opposition coming from older Australians, homeowners and property investors.
• Despite criticism over breaking earlier election promises on housing taxes, Prime Minister Anthony Albanese remained the preferred leader in one of the surveys.
• Support for the far-right One Nation party increased following the budget announcement, while younger Australians and renters were comparatively less critical of the proposed reforms.Read more

3 hours ago

Managed office space operators Table Space and The Executive Centre (TEC) are expanding their commercial real estate footprint across South India amid rising demand for flexible workspaces from technology firms and global capability centres (GCCs). Table Space has added close to five lakh sq ft across Hyderabad’s key office markets including HITEC City and Kokapet. TEC has announced new centres across Bengaluru, Hyderabad and Chennai, adding around 4.65 lakh sq ft and over 6,000 workstations. The expansion reflects continued demand for Grade A managed office spaces and enterprise-focused flexible workspace solutions in major IT hubs.Read more

4 hours ago

• Bhajanlal Sharma inaugurated Rajasthan’s first semiconductor cluster at Bhiwadi and highlighted the state government’s push to strengthen industrial investment through 35 sectoral policies introduced over the past two years.
• The project forms part of a broader industrial expansion strategy covering semiconductors, electronics manufacturing, renewable energy and infrastructure development across Rajasthan.
• The Bhiwadi electronics manufacturing cluster involves an investment of INR 1,200 crore and is expected to create employment opportunities for around 2,500 people.
• The event also included inauguration and foundation laying ceremonies for multiple projects in Khairthal-Tijara district, including the Elsina Electronics Complex and a 34 MLD sewage treatment plant.
• Union ministers Ashwini Vaishnaw and Bhupender Yadav attended the programme virtually and outlined the Centre’s focus on semiconductor and electronics manufacturing growth.Read more

4 hours ago

Investment activity in India’s hotel sector continued to remain strong during the first quarter of 2026, supported by growing investor confidence and rising demand for hospitality assets. According to a recent report by JLL, hotel investments rose 58 per cent year-on-year to nearly USD 185 million during the January-March period. The report highlighted increasing participation from institutional investors, private equity firms, hotel companies and high net-worth individuals. Large transactions, expansion plans by organised hotel operators and new development opportunities around airports and commercial hubs are also contributing to sustained investment momentum across both metro and emerging cities.Read more

4 hours ago

Abu Dhabi-based Modon Holding has partnered with Montage Hotels & Resorts to launch an ultra-luxury hospitality and branded residences project at Ras El Hekma on Egypt’s Mediterranean coast. The development, named Montage Ras El Hekma, will mark the hospitality group’s entry into the Egyptian market and introduce branded residences for buyers in the fast-growing coastal destination. The project comes as Ras El Hekma continues to attract major regional and international investments following large-scale tourism and infrastructure development plans announced over the past year.Read more

Bangalore News Desk

5 hours ago

The Bengaluru Development Authority (BDA) is facing growing legal and regulatory pressure over delays in housing and plotted development projects across Bengaluru. Karnataka RERA has directed the authority to register pending projects, complete infrastructure works and address complaints raised by homebuyers over delayed possession and missing civic amenities. Buyers in projects such as Gunjuru Housing Project and Nadaprabhu Kempegowda Layout have alleged prolonged delays despite making full payments years ago. Recent K-RERA orders have also clarified that public development authorities are subject to RERA rules and can be held accountable for compensation and project delivery delays.Read more

Hyderabad News Desk

5 hours ago

Hyderabad’s plotted development market saw strong buyer participation during a recent Rajiv Swagruha Corporation auction, where residential plots in Thorrur recorded bids as high as INR 45,500 per sq yard. The auction included 85 plots across Thorrur, Bahadurpally and Kurmalguda and generated nearly INR 83 crore in revenue. Locations near the Outer Ring Road (ORR), Adibatla IT corridor and airport connectivity attracted the highest demand. The auction reflects continued interest in Hyderabad land investment, especially in emerging residential corridors with improving infrastructure and connectivity.Read more

5 hours ago

The Prayagraj Development Authority (PDA) has introduced a digital land auction platform enabling buyers from across India and overseas markets to participate remotely in property auctions conducted by the authority. The initiative is aimed at expanding investor participation, improving transparency in land transactions and accelerating disposal of residential and commercial plots under PDA schemes in Prayagraj. The authority stated that the online system would allow bidders to access auction-related information, submit applications and participate in real-time bidding without requiring physical presence in the city. The move forms part of broader digitisation efforts being implemented by urban development agencies in Uttar Pradesh to streamline land allotment and reduce procedural delays. Officials expect the platform to widen the buyer base for institutional, commercial and residential land assets while strengthening revenue generation for urban infrastructure projects in Prayagraj.Read more

6 hours ago

Ganesh Housing Corporation has launched Million Minds Tech City, an IT Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after the original land allotment process began. The proposed development is aimed at attracting Global Capability Centres (GCCs), technology companies and innovation-led businesses to Gujarat. Planned as a large integrated commercial hub, the project is expected to strengthen Ahmedabad’s position in India’s office leasing market as cities beyond Bengaluru and Hyderabad increasingly compete for technology and back-office investments from multinational occupiers.Read more

6 hours ago

• Argentum AI has signed a USD 2.5 billion agreement with cloud gaming company Boosteroid and real estate firm DL Invest Group for the development of a 300-megawatt data centre project in Europe.
• The project will involve deployment of large-scale GPU infrastructure, including future integration of next-generation systems from NVIDIA.
• The companies stated that the project is expected to become one of the largest independently developed AI infrastructure initiatives in the European market.
• The agreement reflects growing global demand for AI compute infrastructure amid increasing investment in hyperscale data centres and cloud-based artificial intelligence systems.
• Argentum AI said it is currently engaging with financial institutions and investment banks to arrange large-scale funding support for future AI infrastructure deployment projects.Read more

Mumbai News Desk

7 hours ago

The Brihanmumbai Municipal Corporation has invited bids to appoint a technology agency for development and operation of an integrated Construction and Demolition (C&D) Waste Management Portal across Mumbai. The proposed platform will integrate mobile applications, a web portal and existing BMC systems including AutoDCR, GIS and financial databases to streamline waste tracking, approvals and monitoring. The selected agency will handle platform development, cybersecurity compliance, API integration, cloud hosting and long-term operations and maintenance. BMC stated that the system is intended to enable real-time data synchronisation, grievance tracking and improved regulatory oversight across departments.Read more

8 hours ago

The Bank of Spain has said it is carefully evaluating possible restrictions on mortgage lending to strengthen financial stability without worsening pressure in the country’s rental housing market. In its latest financial stability review, the central bank warned that tighter lending norms could shift more people from homeownership to renting, potentially increasing rents further in a market already facing a major housing shortage. While home prices and mortgage lending continue to rise, the regulator said current data does not indicate signs of a real estate bubble similar to the one that led to Spain’s housing crash and banking crisis in 2008.Read more

9 hours ago

• National Bank for Agriculture and Rural Development has acquired leasehold rights for a commercial complex in Bandra-Kurla Complex, Mumbai, from Mahanagar Telephone Nigam Limited for INR 350.72 crore.
• The transaction, registered in May 2026, involves an unexpired lease period of around 52 years for a property originally leased by Mumbai Metropolitan Region Development Authority in 1998.
• The asset comprises nearly 2,680 sq m of land and over 4,021 sq m of built-up space spread across two buildings at BKC Plot R-4.
• NABARD has taken over the property for institutional use and will directly hold the sub-lease under MMRDA.
• The financial institution will also assume future liabilities related to ground rent, taxes, maintenance charges and transfer-related payments from March 30, 2026 onwards.Read more

10 hours ago

• Anarock Group reported a 25 per cent rise in FY26 revenue to INR 946 crore, compared to INR 755 crore in the previous fiscal.
• The growth was supported by strong housing demand and robust leasing activity in office and retail real estate segments.
• The company facilitated housing sales worth INR 16,435 crore during the last financial year, while the residential business contributed INR 442 crore to overall revenue.
• Chairman Anuj Puri said the company is focusing on expansion and strengthening its proptech and advisory capabilities amid evolving housing demand trends.
• The group is also expanding its presence in the Middle East, especially Dubai, and recently appointed Aayush Puri to lead its regional residential operations.Read more

Noida News Desk

11 hours ago

The Noida Authority has initiated preparations to acquire land across 37 villages in Gautam Buddh Nagar and Bulandshahr districts for the first phase of the New Noida project, officially known as the Dadri-Noida-Ghaziabad Investment Region (DNGIR). The acquisition process, expected to begin next month, will cover 24 villages in Bulandshahr and 13 in Gautam Buddh Nagar through a consent-based mechanism. The authority has sought deployment of three tehsildars and plans to establish a temporary field office to facilitate the exercise. Spread over 209.11 sq km across 84 villages, the proposed urban and industrial expansion has been identified as part of the Delhi-Mumbai Industrial Corridor’s first-phase investment regions. The authority has fixed land acquisition rates at INR 4,300 per sq metre and plans phased development up to 2041, with industrial use forming the largest share of the proposed land allocation.Read more

12 hours ago

• AVPL International will inaugurate Phase 1 of its proposed INR 80 crore ‘Drone City Haryana’ project at Sisai village in Hisar district on May 16.
• The project has secured INR 58.51 crore in incentives under the Haryana Enterprise and Employment Policy-2020 and is planned as an integrated drone manufacturing and training ecosystem.
• Spread across nearly 11.5 acres, the development will house 23 industrial sheds for drone and drone-component companies operating across sectors including agriculture, logistics and surveillance.
• The company expects the project to generate employment and entrepreneurship opportunities for more than 800 youth through manufacturing, technical training and drone operations.
• A parallel orientation initiative under the ‘500 Drone Udhami Scheme’ will train Scheduled Caste youth as drone entrepreneurs, pilots, technicians and agri-drone service providers in partnership with the Haryana Scheduled Castes Finance and Development Corporation.Read more

13 hours ago

• ITC Hotels reported a 23.1% year-on-year rise in consolidated net profit to INR 317.43 crore for the quarter ended March 2026.
• Revenue from operations increased to INR 1,253.70 crore during the January–March period, while total expenses also rose to INR 895.35 crore.
• The company has signed an agreement to acquire 100% stake in Zuri Hotels and Resorts for an enterprise value of INR 205 crore on a cash-free, debt-free basis.
• The acquisition includes ‘The Zuri Kumarakom, Kerala Resort & Spa’, a 72-key luxury resort spread across 18 acres in Kerala, which will undergo renovation and rebranding.
• During FY26, ITC Hotels signed 33 hotels with over 3,300 keys and reiterated its target of operating 250 hotels with more than 22,000 keys by 2031 under its asset-right expansion strategy.Read more

14 hours ago

• New Delhi Municipal Council has announced a 50% rebate on parking charges for electric vehicles across its parking facilities in Lutyens’ Delhi as part of a wider green mobility initiative.
• The civic body has also launched shuttle bus services for employees from multiple residential colonies beginning May 15 to reduce private vehicle dependence and fuel consumption.
• The measures were approved during a meeting chaired by NDMC vice chairman Kuljeet Singh Chahal amid concerns around fuel conservation, environmental protection and sustainable urban mobility.
• NDMC has additionally decided not to procure new petrol, diesel or CNG vehicles for one year and will encourage metro use, carpooling, cycling and shared mobility among employees.
• The council plans to expand shuttle connectivity to 14 additional residential areas while also strengthening e-rickshaw and e-auto connectivity for last-mile access.Read more

Mumbai News Desk

15 hours ago

The Mumbai Metropolitan Region Development Authority has flagged a funding gap of around INR 4,973.07 crore for ongoing metro infrastructure works, intensifying a financial dispute with the Brihanmumbai Municipal Corporation over development charge-linked support. State government documents show that MMRDA is relying on contributions from local bodies, including BMC’s 1 per cent development charge collections, to fund Metro Line 9 and Line 7A civil works. The documents also outline rising capital expenditure commitments and funding pressures across multiple transport projects managed by MMRDA amid continued metro and regional infrastructure expansion in the Mumbai Metropolitan Region.Read more

Delhi News Desk

16 hours ago

The Delhi Development Authority (DDA) has identified 14 land parcels across metro-linked corridors in Delhi for transit-oriented development (TOD) projects aimed at increasing affordable and mixed-use housing supply within the Capital. Spread across locations including Karkardooma, Dwarka, Rohini, Peera Garhi and Shahdara, the sites collectively cover more than 300,000 square metres and are expected to support high-density residential, commercial and institutional developments near public transport infrastructure. The move follows the notification of revised TOD regulations by the Centre and the Delhi government in the past month, extending TOD norms across nearly 207 sq km in Delhi. The authority is also seeking private sector participation for the projects as it attempts to curb outward residential migration to NCR cities and promote compact urban growth around metro corridors.Read more

Mumbai News Desk

17 hours ago

• BMC has revived the long-pending Mahim–Bandra East flyover project to reduce congestion along the Western Express Highway and nearby arterial roads.
• The proposed INR 220.17 crore flyover will connect Fishermen Colony in Mahim to Bandra East near the Kalanagar flyover through an elevated corridor over the Mithi River.
• The project had remained stalled for nearly three years after failed tenders in 2022 and 2023, and is expected to improve connectivity between Mahim, Bandra East, SV Road, the Bandra-Worli Sea Link and WEH.Read more

Mumbai News Desk

19 May 2026

The Dharavi Redevelopment Project authorities have clarified that eligibility for rehabilitation of upper-floor occupants in Dharavi will depend on the eligibility status and documentary records of the corresponding ground-floor structures. The clarification comes amid ongoing surveys and scrutiny of residential and commercial units under the large-scale redevelopment initiative in Mumbai. Officials stated that upper-floor tenements constructed above ground-floor units would not be treated as independently eligible unless supported by valid documentation tied to the original authorised structure. The decision forms part of the broader verification process being undertaken by authorities to identify eligible beneficiaries for rehabilitation housing. The redevelopment project, being implemented through a special purpose vehicle with participation from the Maharashtra government and private developers, involves one of the country’s largest urban renewal exercises covering densely populated informal settlements and mixed-use structures across Dharavi.Read more

Pune News Desk

19 May 2026

• Maharashtra cabinet has approved the transfer of 52,851 sq metres of government land to Pune Municipal Corporation (PMC) for the Mula-Mutha Riverfront Development Project.
• The transferred land parcels are located in Sangamwadi and Mundhwa and will help speed up pending riverfront development work.
• PMC is expected to save nearly INR 116.63 crore as the land will be handed over without occupancy and revenue charges.
• The riverfront project includes flood control, sewage treatment, river cleaning, public spaces, cycling tracks and green zone development across Pune riverbanks.
• The project has faced delays in the past due to land acquisition issues, environmental concerns and regulatory approvals.Read more

19 May 2026

The Mysuru Development Authority (MDA) has initiated plans to auction nearly 150 acres of reclaimed and vacant land parcels across multiple layouts in Mysuru through an online bidding process aimed at generating around INR 1,000 crore for future urban development works. The identified land parcels are spread across areas including Vijayanagar, JP Nagar, Dattagalli, Hebbal and Lalithadri Nagar, where the authority intends to develop residential sites of varying dimensions before auctioning them. The move comes as the authority attempts to strengthen its finances following the transfer of several layouts to newly formed urban local bodies, which reduced revenue from cess and property-related charges. Funds raised through the auctions are expected to support new residential layouts, group housing schemes and infrastructure projects such as the proposed peripheral ring road around Mysuru.Read more

19 May 2026

The Enforcement Directorate (ED) has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) in connection with an alleged INR 150 crore money laundering investigation linked to change of land use (CLU) approvals granted to real estate projects in Mohali. The probe centres on alleged irregularities involving Suntec City and Altus Space Builders Pvt Ltd, with the agency seeking records related to approvals, financial transactions and officials involved in the process. The summons follows ED searches conducted across Mohali, Chandigarh and Patiala in the past week under the Prevention of Money Laundering Act (PMLA). Investigators are examining allegations that project approvals were obtained fraudulently and that homebuyers were misled regarding land permissions and delivery timelines in certain residential developments.Read more

19 May 2026

Ashiana Housing Ltd has cancelled an agreement to lease land for a proposed housing project in Jaipur, according to a regulatory update shared by the company. The developer disclosed the decision in a brief filing during the past week but did not specify the reason behind the cancellation or provide financial details linked to the proposed transaction. The move comes at a time when real estate developers are becoming more selective in land acquisitions and project expansion plans amid rising land costs and changing market dynamics across key residential markets.Read more

19 May 2026

Australian shares ended almost unchanged at the close of trade, wrapping up a volatile week as investors assessed the impact of proposed housing-tax reforms and global economic uncertainties. Concerns around changes to negative gearing and investor lending weighed on the outlook for banks and mortgage growth, while developments in U.S.-China relations and tensions in the Middle East kept markets cautious. Financial and real estate stocks managed gains, but weakness in mining shares due to softer commodity prices limited broader market movement. Investors are now watching upcoming employment data for further clues on interest-rate direction.Read more

19 May 2026

• Signature Global plans to invest around INR 3,500 crore during FY27 towards land acquisition and construction activities, primarily in the Gurugram region.
• The company has earmarked nearly INR 2,000 crore for construction and INR 1,000-1,500 crore for land purchases as it expands its residential and commercial portfolio.
• Chairman Pradeep Aggarwal said the Gurugram housing market witnessed some softness during the second half of FY26 but expressed confidence about demand recovery this fiscal year.
• Signature Global has set a sales bookings target of INR 10,000 crore for FY27, reflecting an expected 21% annual growth supported by new project launches and existing inventory sales.
• The company recently partnered with Italian lifestyle brand Tonino Lamborghini for a luxury housing project in Gurugram with an estimated investment of nearly INR 2,900 crore.Read more

19 May 2026

• Ventive Hospitality has filed a DRHP with SEBI for an IPO comprising a fresh issue of up to INR 20,000 million.
• The company operates 11 hospitality assets with 2,036 keys across Pune, Bengaluru and the Maldives.
• Its portfolio includes hotels such as JW Marriott Pune, The Ritz-Carlton Pune and Conrad Maldives.
• Ventive Hospitality also owns four Grade A annuity office assets in Pune spanning 3.40 million sq ft.Read more

19 May 2026

The Amaravati Development Corporation has stepped up flood control and canal modernization works ahead of the monsoon season. ADC Chairperson and Managing Director D. Lakshmi Parthasarathy inspected key bridge and canal works linked to Kondaveeti Vagu and Palavagu across several parts of Amaravati. During the inspection, officials were instructed to prevent soil accumulation near bridge pillars and improve water flow capacity in vulnerable areas. Concerns were raised over incomplete excavation depth near the Western Bypass, following which ADC coordinated with National Highways officials for corrective measures. Canal modernization works in nearby villages are also being expedited to strengthen drainage infrastructure.Read more

19 May 2026

• Germany’s residential construction sector recorded its steepest fall in business sentiment in four years during the past month.
• The Ifo institute’s business climate index for the sector dropped to minus 28.4 points from minus 19.3 points a month earlier.
• Rising geopolitical uncertainty, higher financing costs and fragile supply chains negatively impacted construction activity and market confidence.
• Around 9.2% of companies reported material supply disruptions, compared to nearly 1% seen consistently over the previous two years.
• The share of firms reporting insufficient orders remained stable at 43.8%, highlighting continued weak demand conditions in the housing market.Read more

19 May 2026

• PropTiger reported a 2% year-on-year decline in housing sales across eight major Indian cities during January–March 2026, with total sales falling to 95,973 units.
• New housing supply remained largely unchanged at 93,065 units during the quarter, reflecting cautious developer launches and limited addition of affordable homes.
• Bengaluru emerged as the strongest-performing residential market with a 33% rise in sales, while Chennai, Hyderabad and Delhi-NCR also recorded annual growth.
• Housing sales declined sharply in MMR, Pune, Kolkata and Ahmedabad, contributing to the overall moderation in residential absorption.
• The consultancy noted that inventory levels remained balanced as fresh supply additions stayed closely aligned with housing absorption across major markets.Read more

19 May 2026

The Mumbai Metropolitan Region Development Authority has completed a major phase of a foot over bridge project connecting Brahmand Junction and the Tikuji Ni Wadi Metro Station on Ghodbunder Road. Executed under difficult site conditions with an operational Metro viaduct overhead and heavy traffic movement below, the project involved the installation of four large steel girders measuring nearly 60 metres each. The operation required heavy-duty cranes, multi-axle carriers, and a team of over 60 engineers and workers. The authority said the work reflects the growing focus on integrated urban transport infrastructure and safer pedestrian connectivity in the Mumbai Metropolitan Region.Read more

19 May 2026

• Colliers India has reported nearly 30% growth in industrial and warehousing rentals across Farukh Nagar and NH-48 in Delhi-NCR during the past five years.
• The consultancy attributed the rise to occupier expansion, growing demand for institutional-grade assets and ongoing infrastructure improvements across major logistics corridors.
• Grade A industrial and warehousing stock across eight major Indian cities reached 299.2 million sq ft by the end of the first quarter of 2026, nearly double the 2021 inventory level.
• Farukh Nagar and NH-48 remain among India’s largest logistics clusters, together accounting for more than 58 million sq ft of Grade A stock.
• Colliers expects rentals across major high-activity industrial clusters to increase by 5-10% annually in the coming years amid sustained manufacturing and logistics demand.Read more

19 May 2026

Realty Income has announced its 671st consecutive common stock monthly dividend, continuing one of the longest dividend payment records among real estate investment trusts (REITs). The company has built its reputation around stable and regular shareholder payouts backed by income-generating commercial real estate assets across the United States and Europe. The latest announcement reflects the company’s continued focus on predictable cash flows and long-term investor returns despite ongoing pressure on global real estate and financing markets. Realty Income is widely known among investors for its monthly dividend model and consistent distribution track record.Read more

19 May 2026

• City and Industrial Development Corporation (CIDCO) and Africa India Economic Foundation (AIEF) have signed an agreement to establish a Special Purpose Vehicle (SPV) for the proposed Africa India International Development Zone in Navi Mumbai.
• The project will be developed on a 20-acre land parcel within the International Corporate Park at Kharghar and aims to strengthen India-Africa trade and investment engagement.
• Under the approved structure, AIEF will hold a 74% stake in the SPV, while CIDCO will retain the remaining 26%.
• The proposed development will include office spaces for 54 African nations, a convention centre, cultural retail facilities and diplomatic infrastructure linked to trade and business engagement.
• Maharashtra government officials stated that the project is expected to become operational within five to six years and will benefit from proximity to the upcoming Navi Mumbai International Airport and JNPA port.Read more

19 May 2026

India’s grade-A office market recorded healthy growth in the first quarter of 2026, with net office absorption rising 5 per cent year-on-year to 13.5 million sq ft across the top seven cities, according to Anarock. Bengaluru, Hyderabad and Chennai led commercial real estate demand, while vacancy levels declined due to sustained leasing activity and controlled new supply. Global capability centres (GCCs) remained the biggest office space occupiers during the quarter, contributing nearly half of total gross leasing. Office rentals also moved up across major markets as companies continued to prefer premium office developments in key business districts.Read more

Mumbai News Desk

19 May 2026

• Demolition and evacuation work has commenced at Haji Noorani Chawl in Prabhadevi, removing a key obstacle for the Sewri-Worli Elevated Corridor project.
• The structure was among the final pending land clearances required for the Mumbai Metropolitan Region Development Authority’s east-west connector.
• Residents have begun shifting to rehabilitation units after prolonged discussions over alternate accommodation, compensation and possession-related concerns.Read more

19 May 2026

• Himachal Pradesh Chief Secretary Sanjay Gupta has directed the State Vigilance and Anti-Corruption Bureau to investigate alleged irregularities linked to real estate projects registered under the state’s RERA framework.
• The investigation will examine Joint Development Agreement (JDA) projects and possible violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts land purchases by non-agriculturists.
• Authorities have been given 15 days to submit relevant records and documents relating to project approvals, promoter financial capability assessments and land transactions.
• The order follows allegations surrounding land agreements between local farmers and non-agriculturists, alongside concerns over whether regulatory due diligence requirements were adequately followed by the state’s RERA authority.
• The development comes amid heightened scrutiny of real estate regulation in Himachal Pradesh, including ongoing legal and political attention around land transactions and RERA functioning in the state.Read more

19 May 2026

Spanish real estate company Merlin Properties reported an 11.4% year-on-year rise in its core profit for the first quarter, supported by strong occupancy across its office, retail and logistics portfolio. The company posted EBITDA of EUR 113.6 million, compared to EUR 102 million in the same period last year. While occupancy dipped slightly to 95%, it remained stable at high levels. Merlin also continued to expand its data centre business, which currently contributes a small share of rental income but is expected to become a major revenue driver by 2030.Read more

Lucknow News Desk

19 May 2026

The Lucknow Development Authority (LDA) has launched an e-auction for 149 residential plots located in Gomti Nagar Extension and Basant Kunj as part of a larger property sale exercise across Lucknow. Nearly 475 properties, including residential, group housing, institutional and commercial assets worth around INR 3,000 crore, have been put up for auction. The online bidding process will remain open till May 28. Plot sizes range from 25 square metres to 300 square metres, while the authority has also included land parcels for group housing projects and institutional development under its proposed Edu City initiative.Read more

19 May 2026

• CapitaLand Investment expects more large institutional mandates after securing a SGD 2.4 billion (USD 1.9 billion) real estate portfolio mandate from Income Insurance.
• The company said large private capital commitments usually come after years of investor engagement and relationship building.
• Under the mandate, CapitaLand Investment will manage the insurer’s portfolio, pursue new investments and undertake acquisitions and divestments to refresh assets.
• The company believes growing investor interest in Asia Pacific real estate, especially Singapore, could support future institutional investments despite global market uncertainties.
• CapitaLand Investment is also looking to expand across logistics, retail, office, mixed-use and self-storage segments, with its self-storage platform targeting a valuation above SGD 1 billion by next year.Read more

19 May 2026

• The Jharkhand government has launched an online portal to facilitate the regularisation of unauthorised residential buildings across urban areas of the state under the Jharkhand Unauthorised Constructed Building Regularisation Rules, 2026.
• The initiative was launched by Urban Development Minister Sudivya Kumar following Cabinet approval of the new regularisation rules in April this year.
• The scheme applies to residential buildings up to G+2 height and structures built on plots measuring up to 300 sq m, subject to prescribed penalties and conditions.
• Officials stated that nearly seven lakh property owners across Jharkhand could benefit from the regularisation framework, with applicants allowed to pay fees in three instalments.
• The state government said the move is intended to improve planned urban development, simplify approvals and provide relief to owners of existing constructions built without sanctioned plans.Read more

19 May 2026

• BuzzWorks has launched a new 16,000 sq ft managed office space in Mysuru with over 500 seats.
• The facility is located at Brigade Vantage on Vinoba Road and targets GCCs, startups and enterprise clients.
• The company is expanding its flexible workspace portfolio across Mysuru, Bengaluru and Chennai during FY27.
• Growing demand for premium managed offices in tier-II cities is driving expansion beyond metro markets.
• BuzzWorks had earlier expanded into Hyderabad and is targeting significant growth in South India’s flexible office market.Read more