7 minutes ago

The Jaipur Development Authority (JDA) has identified more than 6,000 commercial establishments operating from residential plots as part of a citywide enforcement drive following recent judicial scrutiny of illegal constructions. Authorities have initiated action by issuing notices to property owners and occupants, directing them to rectify violations or face further legal measures. The exercise aims to restore compliance with land-use regulations, strengthen urban planning enforcement and curb the unauthorised commercial use of residential properties across Jaipur.Read more

22 minutes ago

Commercial real estate lending by non-banking financial companies (NBFCs) is expected to maintain steady momentum as demand for project financing and structured credit remains strong, according to industry assessments. Improved credit offtake, rising bank lending to NBFCs and continued activity in residential and commercial developments are supporting the sector's outlook. While lenders remain selective in underwriting, favourable funding conditions and sustained real estate demand are expected to keep commercial property financing on a stable growth path.Read more

52 minutes ago

The Telangana government has granted a special relaxation to permit the construction of a commercial high-rise building in Hyderabad's Jubilee Hills, allowing the project to proceed despite restrictions under existing building regulations. The approval, issued through a government order, provides exemptions from certain planning norms while requiring the developer to comply with safety, environmental and other statutory requirements. The decision highlights the state's use of discretionary planning provisions for specific developments in premium urban locations.Read more

1 hour ago

Nvidia has reportedly signed lease agreements worth up to USD 50 billion for a large-scale data centre being developed by Hut 8 in Texas, according to a Financial Times report citing people familiar with the matter. The project is linked to Hut 8's 1-gigawatt Beacon Point campus, which the company had previously disclosed without naming the customer. While Reuters could not independently verify the report, the development highlights the growing investment in AI infrastructure as technology companies expand data centre capacity to meet rising demand for artificial intelligence computing.Read more

1 hour ago

Taj Hotels has partnered with the Prabha Khaitan Foundation under Project Prayas to provide practical hospitality training to young adults with special needs across its Kolkata hotels. Supported by Shree Cement Limited, the initiative focuses on developing workplace skills through hands-on experience rather than classroom learning. Participants will engage in front-of-house responsibilities such as welcoming guests and serving beverages under the guidance of hotel professionals. The collaboration also supports IHCL's broader ESG commitments to youth skill development and aims to promote inclusive employment opportunities in the hospitality sector.Read more

2 hours ago

The proposed demolition of 38 buildings at Mohammad Ali Jauhar University in Rampur has been put on hold after the Moradabad Divisional Commissioner's Court granted interim relief to the institution. The stay suspends the demolition order issued by the Rampur Development Authority until the appeal is decided. The development allows the university to contest the authority's findings through the legal process while ensuring that no irreversible action is taken before the dispute is adjudicated.Read more

2 hours ago

Air India has partnered with the Union Ministry of Tourism to jointly promote India as a global tourism destination while strengthening the country's position as an international aviation and transit hub. The collaboration will focus on tourism marketing, destination storytelling, trade engagement, transit tourism and improving visitor experience. By combining Air India's expanding international network with the Ministry's Incredible India campaign, the initiative aims to attract more foreign tourists, improve India's global tourism presence and support the government's efforts to boost inbound travel and connectivity.Read more

3 hours ago

UDR has projected its full-year 2026 adjusted funds from operations (FFO) below market expectations after reporting that operating expenses continued to rise faster than rental income growth during the second quarter. The apartment-focused REIT recorded modest revenue growth but faced higher property-related costs and a slight decline in occupancy. The company operates nearly 60,000 rental homes across the United States and, like many residential landlords, continues to face pressure from increased apartment supply, slower rent growth and elevated interest rates affecting the multifamily housing market.Read more

3 hours ago

The Haryana Real Estate Regulatory Authority (HRERA) has directed developers to compensate homebuyers in cases where flats were not handed over within the committed timelines. The authority held that prolonged delays caused financial hardship and inconvenience to buyers, who remained deprived of their homes despite fulfilling their payment obligations. The orders reaffirm HRERA's commitment to enforcing accountability in the real estate sector while strengthening consumer confidence through timely regulatory intervention.Read more

4 hours ago

Knowledge Realty Trust reported a strong performance for the first quarter of FY27, with its Net Operating Income (NOI) and total revenue rising 15 per cent year-on-year. The REIT also announced its highest-ever quarterly distribution of INR 751.6 crore to unit holders. Growth was supported by higher portfolio occupancy and healthy office leasing demand, particularly from front-office occupiers. During the quarter, the trust leased 1.4 million square feet of office space across its portfolio. Backed by Sattva Group and Blackstone, Knowledge Realty Trust continues to be India's largest listed real estate investment trust by office portfolio.Read more

4 hours ago

Uttar Pradesh has outlined its plan to become one of India’s leading destinations for Global Capability Centres (GCCs), with the state aiming to attract nearly 10% of all new GCCs set up across the country. While Noida and Greater Noida remain the primary focus, the government is also preparing cities such as Lucknow, Varanasi, Agra, Prayagraj and Bundelkhand to support future GCC investments. The state is strengthening its policy framework, digital infrastructure, talent ecosystem and governance while planning a dedicated advisory board to accelerate investments and improve coordination.Read more

5 hours ago

A new registration requirement introduced by the Haryana Shahari Vikas Pradhikaran (HSVP) for auctioned plots has raised concerns among buyers over additional compliance requirements and potential delays in property registration. The revised process is aimed at strengthening documentation and ensuring greater transparency in property transactions. However, plot allottees have sought greater clarity on its implementation, citing uncertainty over procedural requirements and the impact on timely execution of sale deeds.Read more

5 hours ago

Tata Power will commence construction of its INR 6,675 crore solar ingot and wafer manufacturing facility in Odisha this October, marking a significant investment in India's clean energy manufacturing sector. The 10 GW project, coming up at Gopalpur in Ganjam district, will strengthen the domestic supply chain for solar equipment by producing key upstream components used in photovoltaic modules. The facility is expected to support India's renewable energy ambitions, reduce dependence on imports and generate employment while reinforcing Odisha's position as an emerging hub for advanced manufacturing.Read more

6 hours ago

The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) following the Reserve Bank of India's decision to revoke its banking licence earlier this year over persistent regulatory violations. The court has appointed former State Bank of India executive Girikumar M. Nair as the official liquidator, who has assumed the powers of the bank's board. PPBL had faced regulatory action over the past few years, including restrictions on onboarding new customers and curbs on deposits and wallet top-ups, before its licence was cancelled.Read more

6 hours ago

Essential Properties Realty Trust has launched an at-the-market (ATM) equity offering that allows it to issue up to USD 750 million worth of common stock, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The programme provides the real estate investment trust (REIT) with the flexibility to raise capital over time based on market conditions instead of issuing shares in a single transaction. The proceeds are expected to support the company's investment pipeline, portfolio expansion, debt management and other general corporate requirements.Read more

7 hours ago

Flat registrations across Nagpur have been temporarily suspended as authorities begin verifying compliance with essential infrastructure and safety requirements in residential projects. The move coincides with the Nagpur Municipal Corporation (NMC) assuming responsibility for building plan approvals previously handled by the Nagpur Improvement Trust (NIT). The transition aims to strengthen regulatory oversight, improve accountability in urban development and ensure that new housing projects meet statutory planning and civic infrastructure norms before transactions proceed.Read more

7 hours ago

Tamilnad Mercantile Bank (TMB) reported a 35% year-on-year rise in net profit to INR 412 crore for the first quarter of FY27, supported by higher core income, stronger net interest income and improved asset quality. The bank also announced plans to explore opening an overseas representative office to mobilise deposits from non-resident Indians (NRIs) and invest INR 280 crore in technology upgrades. Alongside expanding its branch presence in Tamil Nadu, Maharashtra and Gujarat, the lender continued to strengthen its balance sheet with lower bad loans, higher capital adequacy and an improved provision coverage ratio.Read more

8 hours ago

The Odisha government is stepping up its aviation infrastructure programme with plans to expand airport facilities, improve regional air connectivity and attract greater investment in the sector. The initiative aims to strengthen links between key cities, support tourism, facilitate industrial growth and improve accessibility to underserved regions. By prioritising aviation development alongside broader infrastructure projects, the state seeks to position itself as an emerging aviation hub while creating new opportunities for trade, business and economic development.Read more

8 hours ago

The Telangana government has approved an administrative sanction of INR 2,278.14 crore for the proposed joint-use airport project at Adilabad, paving the way for land acquisition and preparatory works. The project will combine defence and civilian aviation infrastructure, with over 2,000 acres identified for development. Once completed, the airport is expected to improve regional air connectivity, support industrial growth, enhance logistics and strengthen strategic infrastructure in northern Telangana.Read more

9 hours ago

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a woman who challenged a tax addition of INR 80 lakh linked to the purchase of a residential property. The tribunal held that the amount paid directly by her NRI husband from his overseas bank account could not be treated as her unexplained investment. The ruling underscores the importance of documentary evidence in property transactions involving funds remitted by family members residing abroad.Read more

9 hours ago

The Centre has advanced the redevelopment of Warangal's Mamnoor Airport by granting in-principle approval for a project estimated at nearly INR 497 crore, while the proposed airport at Bhadradri Kothagudem remains pending due to site-related issues. Authorities are awaiting a formal proposal for an alternative location before the Bhadradri project can proceed. The contrasting progress highlights the different stages of Telangana's efforts to expand regional aviation infrastructure and improve connectivity across the state.Read more

10 hours ago

The National Green Tribunal (NGT) has directed the Uttar Pradesh Pollution Control Board (UPPCB) to verify allegations that construction activity is continuing at certain projects in Greater Noida despite closure orders issued for environmental violations. During a hearing held in the past week, the tribunal also granted the Greater Noida Industrial Development Authority (GNIDA) four weeks to submit a comprehensive report identifying projects allegedly violating environmental norms. The matter relates to an application alleging that several developments are proceeding without mandatory environmental clearances and statutory consents under environmental regulations. The tribunal has sought factual verification before considering further action against the alleged violations.Read more

10 hours ago

The Gujarat government has launched the Gujarat Shipbuilding Policy 2026 with the objective of strengthening the state's position as India's leading maritime manufacturing hub. The policy aims to attract investments of around INR 27,000 crore, create a shipbuilding capacity of 50 lakh deadweight tonnes (DWT) and generate large-scale employment. It also proposes the development of dedicated shipbuilding parks, incentives for new investments and measures to enhance the state's shipbuilding and repair ecosystem, supporting India's broader maritime growth ambitions.Read more

11 hours ago

The Delhi High Court has upheld the Central government's decision to extend Vedanta Ltd. 's production sharing contract (PSC) for the Cambay oil and gas block in Gujarat, dismissing challenges to the extension policy. The court ruled that the government's framework for extending exploration and production rights was consistent with statutory provisions and public interest objectives. The judgment reinforces policy certainty in India's upstream energy sector while recognising the importance of continued domestic hydrocarbon production.Read more

29 Jul 2026

A new bridge connecting Sector 11 in Koparkhairane with the road leading to the Pawaneshwar flyover has been inaugurated in Navi Mumbai, providing a direct route to APMC Market and Turbhe. The 41-metre-long and 7.5-metre-wide structure addresses a connectivity gap in the original CIDCO master plan, which did not include a direct road between Koparkhairane, Bonkode and the APMC area. The bridge is expected to reduce travel distance, fuel consumption and commuting time for residents of Koparkhairane, Khairanegaon and Bonkodegaon, while also serving as an alternative route towards the Thane-Belapur Road and helping ease traffic congestion on the Vashi–Koparkhairane corridor.Read more

29 Jul 2026

Knowledge Economic City (KEC) has announced that one of its subsidiaries has signed a SAR 91 million infrastructure contract with SALCO Saudi Contracting Company for works in the southeastern district of the Knowledge Economic City project. The 24-month contract covers infrastructure development, with payments to be made through monthly progress-based installments. The company said the financial impact will be reflected as cash outflows during the execution period. The latest contract follows a series of construction and infrastructure agreements signed by KEC in recent weeks as it advances development across multiple districts of the master-planned project.Read more

29 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has issued a public advisory outlining the action being taken against unauthorised constructions following directions from the Bombay High Court in ongoing public interest litigation. The civic body said surveys conducted across its jurisdiction identified 12,687 unauthorised constructions, of which 4,946 were found to have no municipal building permission. Pursuant to court orders, notices have been issued to all identified property owners, hearings are underway and demolition action has commenced ward-wise. NMMC has also urged prospective homebuyers to verify construction approvals and Occupation Certificates before purchasing properties and warned that illegal constructions will face demolition and legal action under the Maharashtra Regional and Town Planning (MRTP) Act.Read more

29 Jul 2026

Housing and Urban Development Corporation Ltd (Hudco) plans to raise an additional USD 1.3 billion through External Commercial Borrowings (ECB) over the next five months to support urban infrastructure financing across India. The company has already secured USD 700 million through ECBs this financial year and aims to mobilise up to USD 2 billion under the Reserve Bank of India's concessional forex swap window available until December 31, 2026. Alongside its borrowing plans, Hudco reported strong first-quarter FY27 financial results, with higher profit, income and a sharp decline in loan impairment provisions.Read more

29 Jul 2026

China's outstanding property loans continued to decline during the first half of the year, reflecting the country's ongoing correction in the real estate sector. Data released by the country's central bank showed that total outstanding property loans, individual mortgage loans and property development loans all recorded year-on-year declines by the end of June. The figures indicate that financing activity in the property market remains subdued despite policy measures introduced over the past year to support homebuyers, ease liquidity pressures and encourage stability in the housing sector.Read more

29 Jul 2026

The Centre has outlined plans to develop a network of 44 airports, including four hub airports, to strengthen international air connectivity across India. As part of this effort, Air India has launched its Hub and Spoke operations from Amritsar, allowing passengers to complete baggage check-in and immigration at the origin airport before connecting to international flights via Delhi. The initiative is aimed at improving connectivity for Tier-II and Tier-III cities while reducing transit hassles. Ahmedabad will be the next city to join the network, with more airports planned in the coming weeks.Read more

29 Jul 2026

The Prayagraj Municipal Corporation (PMC) is set to launch a One-Time Settlement (OTS) scheme from August 15, 2026, offering relief to property tax defaulters by reducing the additional financial burden on pending dues. The initiative aims to encourage residential and commercial property owners to clear long-standing tax liabilities while improving municipal revenue collection. The scheme is expected to benefit taxpayers with accumulated arrears and support PMC’s efforts to strengthen civic finances through improved compliance and regularisation of unpaid property tax accounts.Read more

29 Jul 2026

PRISM, the parent company of OYO, has expanded its premium hospitality business in the United Kingdom by adding 40 hotels under its Sunday Hotels and Belvilla brands. The move strengthens the company's premium presence across Europe, the Middle East and the United States, while increasing its footprint in one of its key international markets. The newly added properties include heritage hotels and business-focused assets that will be upgraded in phases. The expansion also aligns with the growing India-UK tourism corridor and supports PRISM's broader strategy of building a premium hospitality portfolio beyond its budget hotel business.Read more

29 Jul 2026

Knowledge Realty Trust reported a consolidated net profit of INR 2.51 billion for the quarter ended June, while revenue from operations stood at INR 12.43 billion. The results mark the REIT's latest quarterly financial performance after its listing and reflect continued income generation from its office asset portfolio. Along with the financial results, the trust also approved a distribution to unitholders for the quarter. Knowledge Realty Trust, backed by Blackstone and the Sattva Group, owns a portfolio of Grade A office assets across key Indian commercial real estate markets.Read more

29 Jul 2026

South Korean internet and cloud services company Naver's shares surged more than 10% after the company announced that Nvidia will invest USD 1 billion by subscribing to newly issued shares to support the expansion of its artificial intelligence data centre in South Korea. The investment strengthens the companies' partnership following their recent agreement to develop sovereign AI infrastructure across multiple regions. Along with Brookfield's financing commitment, the project is expected to create one of South Korea's largest AI computing facilities, powered by Nvidia's latest chip platforms and targeted for completion by 2028.Read more

29 Jul 2026

The National Highways Authority of India (NHAI) has clarified that damage reported on a section of the recently inaugurated Lucknow-Kanpur Greenfield Elevated Expressway was limited to surface slippage and did not involve a road cave-in. The clarification came after a video circulating on social media showed a damaged stretch near Korari in Unnao, prompting questions over construction quality. NHAI stated that only the upper wearing course over a 40-metre stretch was affected and that repairs were completed within hours, restoring normal traffic movement. The authority also said there are no plans to initiate a separate inquiry, describing the incident as a routine technical issue that can occur on bituminous roads.Read more

29 Jul 2026

The Maharashtra Cabinet has approved a major increase in the authorised and paid-up share capital of Mumbai Railway Vikas Corporation Ltd (MRVC) to strengthen the public sector undertaking's financial capacity as it takes up larger suburban railway infrastructure projects. The state also approved its contribution towards the increased capital. Alongside this decision, the Cabinet cleared stricter penalties for illegal mining through amendments to the Maharashtra Land Revenue Code and approved the creation of a dedicated Managing Director's post for the state's Artificial Intelligence and Agritech Innovation Centre under the MahaAgri-AI Policy.Read more

29 Jul 2026

A government report released recently showed that 1,847 central infrastructure projects, each valued above INR 150 crore, have recorded a cumulative cost overrun of around INR 4.93 lakh crore. The revised project cost has increased to INR 40.54 lakh crore from the original estimate of INR 35.62 lakh crore. While the report did not specify how many projects experienced cost escalation, it highlighted that more than half of the revised project cost has already been spent, with a large number of projects nearing completion. Transport and logistics continue to dominate the country's infrastructure pipeline.Read more

29 Jul 2026

The Slum Rehabilitation Authority (SRA) has registered a criminal case against two directors of Mumbai-based real estate firm Pattathu Brothers for allegedly failing to hand over mandatory amenities to a housing society in Vile Parle after completing a redevelopment project. According to the complaint, the developer secured all statutory approvals, including the Occupation Certificate, and handed over residential tenements to eligible beneficiaries but did not transfer possession of six mandatory facilities required under the redevelopment agreement. The SRA further alleged that these amenities were instead handed over to third parties for commercial gain. A case has been registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), and an investigation is underway.Read more

29 Jul 2026

Lodha Developers is planning to unlock value from its Mumbai land holdings by monetising parcels earmarked for a proposed data centre park while simultaneously expanding its presence in digital infrastructure. The strategy is expected to generate substantial capital through land transactions with hyperscale operators, while supporting the development of large-scale data centre capacity in the Mumbai Metropolitan Region. The initiative reflects rising demand for digital infrastructure and highlights the growing convergence of real estate development with India's expanding technology ecosystem.Read more

29 Jul 2026

Thailand has decided to scale back its proposed USD 30 billion land bridge project after a government review raised concerns over its commercial feasibility, financial risks and environmental impact. Instead of proceeding with the original coast-to-coast logistics corridor, the government will focus on expanding the existing Ranong Port and improving rail connectivity in southern Thailand. The review also highlighted declining project viability, potential fiscal liabilities, outdated environmental assessments and the need for stronger public consultation. Authorities, however, said improving transport infrastructure remains important to support future regional trade.Read more

29 Jul 2026

Mumbai's iconic Regal Junction is set to undergo a comprehensive urban redesign aimed at improving pedestrian movement, reducing traffic conflicts and enhancing the heritage precinct around the Gateway of India. The project will introduce wider footpaths, rationalised traffic management and new public spaces while incorporating an open-air art museum. The initiative forms part of the Brihanmumbai Municipal Corporation's broader effort to create safer, more accessible and culturally vibrant public spaces in South Mumbai.Read more

29 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) will consider a proposal to lease around 15 acres of land at the former Mulund dumping ground for construction support facilities linked to the Dharavi Redevelopment Project. The site is proposed to house a ready-mix concrete plant, precast casting yard and other temporary infrastructure required during project execution. If approved, the move is expected to streamline construction logistics while making productive use of reclaimed landfill land undergoing environmental restoration.Read more

29 Jul 2026

A 13-year-old girl died after a balcony slab collapsed at a residential building in Mumbra, Thane district, while five others were rescued from the debris with injuries. The incident occurred in a nearly four-decade-old structure, prompting emergency response teams to evacuate residents and inspect the building's condition. Authorities have launched an investigation into the cause of the collapse, once again drawing attention to the structural safety of ageing residential buildings in the Mumbai Metropolitan Region.Read more

29 Jul 2026

Poland's modernist port city of Gdynia has been added to UNESCO's World Heritage List during its centenary year, recognising its unique urban planning and architectural heritage. Developed almost entirely from scratch between the two World Wars, the city symbolised Poland's efforts to establish a major seaport after regaining independence. The recognition highlights Gdynia's well-preserved modernist architecture, maritime identity and historical significance. The listing also places the city among more than 1,270 UNESCO World Heritage Sites worldwide and follows recent additions such as the D-Day landing beaches in Normandy.Read more

29 Jul 2026

Cricketer Virat Kohli and actor Anushka Sharma have expanded their real estate portfolio with the purchase of a luxury apartment worth INR 18.29 crore in Mumbai's Versova locality. The acquisition reflects continued demand for premium residential properties in the city's western suburbs, where branded developments continue to attract high-net-worth individuals. The transaction also highlights the sustained strength of Mumbai's luxury housing market, supported by premium projects, improved infrastructure and growing interest from affluent buyers.Read more

29 Jul 2026

The Maharashtra government has approved infrastructure projects worth INR 47,600 crore, marking a major push towards strengthening transport connectivity and supporting long-term urban development. The investment spans multiple sectors, including roads, urban infrastructure and public transport, with projects aimed at improving mobility, reducing congestion and accelerating regional economic growth. The approvals underscore the state's continued focus on infrastructure-led development to support industrial expansion, attract investment and enhance the quality of urban infrastructure.Read more

29 Jul 2026

Primus Senior Living and HDFC Capital have partnered to establish a INR 2,000 crore investment platform dedicated to developing senior living communities across India. The initiative aims to expand institutional investment in a rapidly growing housing segment driven by demographic shifts and changing lifestyle preferences among senior citizens. The platform will develop ownership and rental-based projects in major cities, supporting the growth of professionally managed senior housing as an emerging asset class in India's residential real estate market.Read more

29 Jul 2026

Australian property group Dexus has agreed to sell three office properties in Sydney and Brisbane for a combined gross sale price of AUD 715 million (USD 500.43 million), surpassing its divestment target set for FY27. The transaction aligns with the company's strategy to streamline its portfolio amid challenging conditions in the commercial real estate market. Dexus said the assets were sold at values consistent with their independent valuations as of June 30, with the transaction expected to be completed in October, subject to customary conditions, including approval from Australia's Foreign Investment Review Board (FIRB).Read more

29 Jul 2026

An architect's own home is often their most personal project, a place free from client briefs, commercial pressures and conventional expectations. Across India, some of the country's most celebrated architects have transformed their residences into living laboratories of design, experimenting with climate-responsive planning, local materials, sustainability and spatial innovation. From riverfront retreats in Goa and handcrafted homes in Alibag to contemporary vertical residences in Mumbai and earth-integrated houses in Tamil Nadu, these homes reveal how architecture becomes deeply personal when designers build for themselves.Read more

29 Jul 2026

Poste Italiane plans to develop a 70 MW data centre in Italy's Lombardy region as part of its strategy to establish a large-scale artificial intelligence (AI) computing hub. The project comes alongside the state-backed financial group's proposed EUR 13 billion acquisition of Telecom Italia (TIM) and follows its collaboration with the telecom operator on existing data centre developments. According to the company, the project has already secured an identified site, power supplier and financing support from major Italian banks. The announcement reflects growing investment by European companies in AI infrastructure, although the region continues to lag the United States in data centre capacity and AI-related investment.Read more