25 minutes ago

Capital Group, Aberdeen Investments and domestic institutional investors have acquired a 2.39% stake in Welspun Corp through block deals worth INR 1,433 crore on the NSE. The transactions involved 63 lakh shares purchased at an average price of INR 2,275.30 apiece. The stake was sold by promoter entity Welspun Investments and Commercials and CEO Vipul Mathur. Following the deals, Welspun Corp’s shares surged nearly 6% to a 52-week high, while promoter holding declined to 47.46%.Read more

1 hour ago

The Department of Town and Country Planning (DTCP) in Gurugram is set to intensify enforcement against encroachments and unauthorised construction, following directives from the Supreme Court and Punjab and Haryana High Court. The action forms part of a wider multi-agency effort involving the Gurugram Metropolitan Development Authority (GMDA), Municipal Corporation of Gurugram (MCG), Haryana Shehri Vikas Pradhikaran (HSVP) and other authorities to reclaim public land and restore designated spaces. The enforcement drive covers illegal structures, encroachments on public land and misuse of spaces meant for designated purposes. Authorities have already begun coordinated action across the city, with agencies directed to identify, demarcate and remove violations in accordance with the applicable legal process.Read more

2 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has begun preparations for the 2026 Ganeshotsav, with the civic administration urging residents and Ganesh mandals to adopt environment-friendly and plastic-free celebrations. A coordination meeting involving the civic body, police, other authorities and representatives of more than 75 Ganesh mandals was held at the NMMC headquarters ahead of the festival, which begins on September 14. The administration has outlined measures covering traffic, parking, road repairs, immersion routes, water conservation, waste segregation and public safety. More than 150 artificial immersion ponds are being created, while a single-window system will facilitate permissions for public celebrations without charging mandals any permission fee. The civic body will also organise the Navi Mumbai Mayor Ganesh Darshan Competition 2026, including categories encouraging smaller idols and household celebrations.Read more

3 hours ago

Indian Hotels Company (IHCL) has launched Taj Mount Kusur Resort and Villas in Lonavala, Maharashtra, in partnership with real estate brand Amavi. The luxury development spans 34 acres and includes 32 branded villas along with a 100-key Taj resort. The villas will be sold as part of the resort development and integrated into its inventory through a lease-back programme. The project marks IHCL’s entry into the branded villa segment as the company expands its portfolio into luxury real estate and responds to changing preferences among consumers seeking resort-linked residential properties.Read more

4 hours ago

India’s commercial real estate market is entering the second half of 2026 with connectivity, infrastructure, quality, flexibility and value increasingly influencing occupier and investor decisions. GCCs accounted for 43% of office leasing across major Indian cities during the first half of the year, while the country’s office stock crossed 1 billion sq ft. In Delhi NCR, infrastructure upgrades, expanding residential catchments and new employment opportunities are supporting demand for offices and organised retail. Industry leaders expect mixed-use developments, experiential retail and integrated commercial destinations to gain importance, with occupiers prioritising accessibility and consumer ecosystems and investors focusing increasingly on sustainable, demand-backed assets.Read more

5 hours ago

Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India (NHAI) for operating the Paranur Fee Plaza on NH-45 in Tamil Nadu. Awarded through the e-tender process, the 12-month contract covers user fee collection at the toll plaza located at the 52.82-km point of the highway. The scope also includes maintenance of building infrastructure adjoining the fee plaza. The order strengthens the company’s exposure to highway-related operations and adds to its portfolio of infrastructure and road-sector projects.Read more

6 hours ago

HDFC Bank is considering an appeal against the NCLT order approving a repayment plan in the insolvency case involving media baron Subhash Chandra. The bank said only 3.2 per cent of its total claim of INR 680 crore was admitted under the order. It had opposed the resolution and voted against it. The NCLT approved a plan under which Chandra will pay around INR 6.5 crore against admitted creditor claims exceeding INR 22,000 crore, resulting in a 99.97 per cent haircut for lenders. The case originated from a default involving Vivek Infracon.Read more

7 hours ago

US-headquartered industrial technology company Octave Intelligence has inaugurated its Technology and Innovation Centre in Hyderabad's HITEC City, marking the launch of its India engineering hub. Spread across 2 lakh sq ft, the facility will support software engineering, artificial intelligence, cloud, data and product development for the company's global operations. Octave plans to expand the centre to 2,000 engineers in the coming years. The investment also strengthens Hyderabad's position as a major destination for global capability centres and advanced technology operations across multiple industries.Read more

7 hours ago

The Nagpur Bench of the Bombay High Court has rejected a petition by Shree Ganesh Builders challenging the reservation and acquisition of about 12.12 hectares of land earmarked for a sewage treatment plant. The ruling removes a major legal hurdle for the Nagpur Municipal Corporation’s proposed Pohra River Pollution Abatement Project. The court held that the builder’s purchase notice was defective because of discrepancies in the ownership details and noted that the developer had subsequently participated in acquisition and compensation proceedings. The decision allows the civic body to proceed with the long-pending sewage infrastructure project.Read more

8 hours ago

Jaipur Range Police has identified 101 accident-prone black spots across national and state highways and digitally mapped them for integration with Google Maps under its Operation Safer Road initiative. The locations were identified using road accident and fatality data collected over the past three years, with motorists set to receive alerts when approaching high-risk stretches. The initiative covers areas including Jaipur Rural, Dausa, Kotputli-Behror, Alwar, Sikar and Bhiwadi. Police are also seeking to expand the system across Rajasthan and eventually to other parts of the country.Read more

9 hours ago

The Reserve Bank of India has allowed banks to access its dollar-rupee swap facility more than once a week for large transactions involving Foreign Currency Non-Resident (Bank) deposits, according to currency traders. The change comes shortly before the special deposit scheme closes at the end of August and as banks prepare for potentially higher dollar inflows. The scheme has attracted more than USD 65 billion so far. The RBI’s move is intended to help banks manage surplus dollar liquidity and reduce pressure on overnight and forward currency markets as they handle the inflows.Read more

9 hours ago

LTM Ltd, the technology arm of Larsen & Toubro, has inaugurated a new technology campus at Bengal Silicon Valley in New Town, Kolkata, marking a significant expansion of the group’s technology presence in eastern India. The first phase comprises two buildings covering nearly 8 lakh sq ft and can accommodate around 5,800 engineers and other professionals. The campus will focus on artificial intelligence, data, cloud and digital engineering. West Bengal Chief Minister Shri Suvendu Adhikari also announced the allotment of an additional 10 acres of land to LTM for further expansion.Read more

10 hours ago

ArMee Infotech has received two Letters of Award worth INR 740.97 crore, including GST, from Bondada Engineering for executing Balance of System packages for a 600 MW AC solar power project at Fatehgarh in Rajasthan. The contracts cover engineering, procurement, manufacturing, installation, testing and commissioning, along with three years of operation and maintenance. The awards strengthen the company’s renewable energy order book as it prepares for its proposed stock market listing.Read more

11 hours ago

Large transport projects are changing the development profile of several Indian suburban and peripheral markets by improving connectivity to established employment centres, airports, ports and city cores. Projects such as the Thane-Borivali Twin Tunnel and Goregaon-Mulund Link Road in Mumbai, Bengaluru’s suburban rail network, Hyderabad’s Regional Ring Road and the Chennai Peripheral Ring Road are extending the reach of urban infrastructure. In Pune and Delhi-NCR, ring roads, metro extensions and interchange projects are supporting development beyond established centres. The resulting opportunities span residential townships, plotted developments, logistics, warehousing and industrial housing.Read more

11 hours ago

Micromax Informatics has launched a INR 250 crore family office to invest in early-stage deep-tech startups across India and global markets. The fund will focus on artificial intelligence, semiconductors, defence technology, space technology and robotics, with initial investments ranging from INR 10 crore to INR 20 crore. The initiative will combine funding with manufacturing support, semiconductor ecosystem access and industry partnerships through MiPhi Semiconductors and Bhagwati Products, helping startups move from product development to commercialisation and scale.Read more

12 hours ago

Turkey-based Emlak Konut Gayrimenkul Yatirim Ortakligi has signed an agreement for a revenue-sharing project involving land sale in Istanbul. Under the agreement, the real estate investment trust will have a share of INR equivalent to 2.7 billion Turkish lira in the project’s revenue. The deal adds to Emlak Konut’s use of revenue-sharing arrangements for property development, a model that has remained an important part of its business. The company is one of Turkey’s largest real estate investment trusts and has developed residential and commercial projects across the country.Read more

12 hours ago

ACME Solar Holdings has secured INR 1,571 crore in project financing from India Infrastructure Finance Company Ltd (IIFCL) for developing its 300 MW ACME Renewtech Sixth assured peak power project in Rajasthan. The financing marks IIFCL’s first sole greenfield funding for ACME, with the lender providing the entire project debt over a 19-year repayment period. The project has a 25-year power purchase agreement with SECI at a tariff of INR 6.28 per unit. The latest funding takes ACME Solar’s total financing secured during the current financial year to INR 10,976 crore.Read more

13 hours ago

Stoicap Ventures is targeting a INR 750 crore corpus for its first Category-I Alternative Investment Fund, focused on acquiring operational K-12 schools and student housing assets in India. The Stoicap-NDR Edu-Infra Rental Yield Fund will have a INR 500 crore base corpus and a INR 250 crore green-shoe option, with NDR Group serving as co-sponsor and anchor investor. The fund has received Securities and Exchange Board of India approval and plans to use a sale-and-leaseback model. Its seed portfolio is expected to include seven schools and about 2,000 student-housing beds.Read more

14 hours ago

B-Right and Bombay Highlines Developers have expanded their Mumbai redevelopment portfolio by securing development rights for approximately 2.5 acres in Shahid Bhagat Singh Nagar, Goregaon West. The developers have signed an initial Memorandum of Understanding (MoU) for the redevelopment, which forms part of a broader plan to build a larger presence in the locality. The company is targeting nearly 15 acres in Goregaon West over the next 18 months and plans to add four redevelopment projects to its portfolio during the current financial year. The expansion comes as redevelopment gains importance in Mumbai amid limited availability of developable land. Alongside the Goregaon project, the company is evaluating opportunities across other Mumbai locations and has a pipeline of projects under consideration.Read more

15 hours ago

Hundreds of homeowners from DLF and Old Gurugram colonies protested against recent demolition action, seeking regularisation of their properties and a review of the enforcement approach. The residents held a mahapanchayat at the Mini Secretariat and criticised the District Town Planner and municipal authorities for what they described as high-handed action. They argued that many of the affected colonies were developed with administrative oversight and said sudden enforcement of rules on stilt-plus-four construction and paying guest operations was causing hardship. The homeowners have decided to submit a memorandum to the Deputy Commissioner seeking relief and a penalty-based solution.Read more

16 hours ago

Taiwan-based electronics manufacturer Foxconn is scouting for more than 200 acres of land in India to establish a technology park and high-end electronics manufacturing facility. The company has reportedly surveyed a potential site near Sanand in Ahmedabad district, Gujarat, while evaluating locations in other states as well. The proposed facility could manufacture mobile phones and other high-end electronics. Gujarat has offered customised incentives and assistance to attract the investment. Foxconn is expected to decide on the project’s location in the coming weeks.Read more

17 hours ago

The 3.5-km four-lane Achampathu-Virattipathu bypass on NH-85 has reached 94% completion, with the remaining work being expedited and the road expected to open later this year. The INR 239 crore project, whose cost was subsequently revised to INR 260 crore, will bypass the existing road through Virattipathu and Achampathu and improve movement towards Usilampatti, Andipatti, Theni and Bodinayakanur. The project is also expected to support the movement of agricultural produce, including vegetables, fruits and spices, while reducing inter-district traffic through the Achampathu corridor.Read more

18 hours ago

PPI Public Property Invest AB has established a commercial paper programme with a framework amount of SEK 5 billion to support its existing funding structure. The programme allows the Nordic real estate company to issue commercial papers in SEK and EUR with maturities of up to 12 months. Alongside setting up the programme, PPI completed its first issuance, comprising SEK 225 million and EUR 10 million, with maturities ranging from four to six months. The issue was significantly oversubscribed, indicating strong investor demand for the company’s short-term debt instruments.Read more

19 hours ago

India plans to add 100 vessels to its merchant fleet over the next five years as it seeks to reduce dependence on foreign shipping lines and lower its annual freight outgo of around USD 75 billion. Shipping Minister Sarbananda Sonowal announced the plan at the National Shipping Board’s first Sagar Samvad, which also outlined a five-point roadmap covering fiscal reforms, assured cargo support, competitive financing, regulatory changes and ease of doing business. The move is part of India’s wider efforts to strengthen domestic shipping, shipbuilding and maritime employment under its long-term maritime development plans.Read more

20 hours ago

Sembcorp Green Infra Ltd has filed its Draft Red Herring Prospectus with Sebi to raise up to INR 3,750 crore through an initial public offering, with the entire issue comprising a fresh issue of equity shares. The company plans to use the IPO proceeds to repay certain borrowings of the company and its subsidiaries. As of March 31, 2026, Sembcorp Green Infra had 3.60 GW of operational renewable energy capacity and around 4.04 GW/GWh under construction. The renewable energy producer is also expanding into hybrid, storage-backed, round-the-clock and firm and dispatchable renewable energy projects.Read more

21 hours ago

The cricket competition at the 2026 Asian Games in Japan is facing concerns over the readiness of its venue and accommodation ahead of the tournament. Participating boards, including Pakistan, have questioned the recently laid and relatively untested pitch at Korogi Sports Park, converted from a baseball field, along with limited dressing-room facilities and small hotel rooms. The Pakistan Cricket Board raised the issue at an Asian Cricket Council meeting, following which the BCCI also approached Indian Olympic Association and Asian Games organisers. India’s men’s and women’s teams are scheduled to enter from the quarter-final stage.Read more

22 hours ago

India's air cargo sector is gaining momentum as stronger exports, cross-border e-commerce and evolving supply chains increase demand for faster freight movement. International shipments are emerging as an important growth segment, while policy changes and investments in airport cargo infrastructure are improving the efficiency of air freight operations. The expansion is creating opportunities for airlines, freight forwarders, warehousing companies and logistics providers. Rising demand from sectors such as electronics, pharmaceuticals, perishables and high-value goods is also strengthening India's position as an increasingly important hub for time-sensitive and international cargo.Read more

23 hours ago

Schneider Electric has launched its Installed Base Tracking campaign in India to help businesses create digital identities for critical electrical assets and improve asset lifecycle management. The initiative targets industries, commercial buildings, infrastructure and data centres, enabling organisations to shift from reactive maintenance to predictive and condition-based maintenance. By digitally recording equipment details, service history and lifecycle status, the company aims to improve planning, reduce downtime risks and support more efficient maintenance and modernisation decisions across India's expanding critical infrastructure.Read more

29 Aug 2026

ITC Hotels has announced a range of Raksha Bandhan offerings across its properties in Mumbai, Hyderabad and Agra, covering festive dining, gifting, chocolate-making and an eco-friendly Rakhi ritual. At ITC Maratha in Mumbai, guests can attend a Raksha Bandhan feast at Peshwa Pavilion on August 28, 29 and 30, alongside a Fabelle chocolate masterclass from August 28 to 30. ITC Grand Central will host a family dinner at Hornby's Pavilion on August 28, with a 50% saving for sisters dining with their brothers. ITC Kohenur has introduced festive hampers, cakes and mithai boxes from August 21 to 28, along with a Fabelle masterclass. At ITC Mughal, Agra, guests can participate in an eco-friendly Rakhi ritual, brunch and live music at INR 2,800 per person.Read more

29 Aug 2026

Bhumika Realty, the real estate arm of Bhumika Group, has partnered with PVR INOX Ltd to establish a 25,000 sq ft multiscreen multiplex at The Icon, its mixed-use development in Sector 27A, Faridabad. The cinema will occupy the second and third floors of the project and is planned to begin operations alongside the opening of the mall. The agreement represents the second association between the two companies after PVR INOX’s presence at Urban Square in Udaipur. Located on NH-19 along the Delhi-Mathura Road corridor, The Icon is a RERA-approved development comprising premium retail, residences and hospitality. Designed by Bentel Associates of South Africa, the project is intended to cater to the established residential and commercial catchment around Sector 27A, as well as consumers from across Faridabad and adjoining South Delhi areas.Read more

29 Aug 2026

Karnataka’s Bhoo Guarantee initiative has received a muted response from Bengaluru property owners despite a temporary reduction in the fee for converting B-Khata properties into A-Khata. Of nearly 8.5 lakh identified B-Khata properties, only a small proportion applied for conversion during the concession period. The Greater Bengaluru Authority had reduced the conversion charge from 5% to 2% of the guidance value in an effort to encourage participation, but property owners cited the overall cost of regularisation and limited immediate benefits as key concerns. The weak response has also affected civic bodies’ revenue expectations.Read more

29 Aug 2026

German semiconductor major Infineon Technologies has leased 6,31,923 sq ft of office space at Bagmane Solarium City in Whitefield, Bengaluru, under a 10-year agreement with an estimated rental outgo of more than INR 750 crore. The transaction, documented through property data platform Propstack, covers ground to the ninth floor of the building and carries an initial monthly rent of INR 5.56 crore, or INR 88 per sq ft. The lease is scheduled to begin on December 1, 2026, with an eight-month rent-free period and a 15% escalation every three years. The transaction comes shortly after Infineon announced the acquisition of Bengaluru-based power semiconductor start-up C2i Semiconductors, as the company expands its engineering and research operations in India.Read more

29 Aug 2026

The Madhya Pradesh Cabinet has approved INR 3,960.09 crore for upgrading the 91.64-km Seoni-Balaghat highway into a four-lane road with paved shoulders. The project will be implemented under the Hybrid Annuity Model and is aimed at improving connectivity between Seoni and Balaghat while strengthening links with Nagpur, Gondia, Mandla and Bhandara. The corridor is expected to improve the movement of passengers and goods across eastern Madhya Pradesh and support regional economic activity. The approval is part of the state government's broader push to expand and upgrade its road infrastructure network.Read more

29 Aug 2026

Cybersecurity company OPSWAT has opened its first India-based office and Critical Infrastructure Protection (CIP) lab in Bengaluru, providing customers and partners with local engineering and sales support. The facility will allow visitors to test cybersecurity defences through simulated real-world attack scenarios covering both information technology (IT) and operational technology (OT) environments. The Bengaluru office will also host product demonstrations, executive briefings, workshops and meetings with channel partners and system integrators. The company said the facility is aimed at supporting organisations across sectors that rely on critical infrastructure and face increasing cybersecurity risks.Read more

29 Aug 2026

Gujarat Inject (Kerala) Limited (GIKL) has entered into a strategic business partnership with England-based Storenergy Limited to jointly explore opportunities in the Renewable Energy Storage Technology (REST) segment in India. The partnership, announced from Vadodara on August 24, will focus on identifying, evaluating and developing potential opportunities in the Indian market. The agreement is intended to allow GIKL to participate in the country's growing renewable energy storage segment and assess related business opportunities. The companies will combine GIKL's interest in the Indian market with Storenergy's capabilities in renewable energy storage. While the partnership establishes a framework for collaboration, commercial terms for individual projects or opportunities will be determined separately at a later stage. The transaction has also been stated to be not a related-party transaction.Read more

29 Aug 2026

Flexible workspace operators leased 191,306 seats across India’s top eight cities during the first half of 2026, marking a 68.4% increase from 113,623 seats in the corresponding period last year, according to Cushman & Wakefield data reported by The Economic Times, Times of India and BW Businessworld. Gross leasing volume reached 8.4 million sq ft, up 55% year-on-year from 5.4 million sq ft. Flex operators accounted for nearly one-fifth of the approximately 43 million sq ft of total office leasing during the period. Global Capability Centres (GCCs) contributed 44% of flex seat demand. Bengaluru led the market with 57,487 seats, while Hyderabad and Delhi NCR recorded strong annual growth in flex seat leasing.Read more

29 Aug 2026

A catastrophic flash flood swept through Nepal's Rasuwa district on 26 August, killing at least 95 people, according to Nepal's Prime Minister's Office, with three further deaths reported across the border in Tibet. The flood, which surged suddenly through the Bhotekoshi River without preceding rainfall, devastated the towns of Timure and Syabrubesi, damaged multiple hydropower stations, and swept away bridges, roads and border infrastructure along the Nepal-China crossing at Rasuwagadhi. Hundreds remain missing, including at least 403 foreign nationals and 93 Nepali tourists, according to the Prime Minister's Office, with dozens of security personnel from the Nepali Army, Nepal Police and Armed Police Force also unaccounted for.Read more

29 Aug 2026

Tiruchirappalli International Airport has commenced domestic air cargo operations, opening a new freight channel for businesses in central Tamil Nadu. The facility handled around 2.46 tonnes of cargo on its first day, with the initial consignment transported on a domestic passenger flight. The service follows security clearance from the Bureau of Civil Aviation Security and is expected to benefit exporters, manufacturers and traders by providing faster access to markets within India. The airport will initially use its integrated passenger terminal for cargo handling as domestic freight activity develops.Read more

29 Aug 2026

Juniper Green Energy, through its subsidiary Juniper Nirjara Energy, has signed a 25-year power purchase agreement with SJVN Ltd for a 50 MW Firm and Dispatchable Renewable Energy project. The PPA carries a tariff of INR 4.25 per unit and requires the project to provide four hours of peak-hour supply with 90% monthly availability, along with a minimum annual capacity utilisation factor. The project will integrate solar power with battery energy storage to meet these supply requirements. The agreement expands Juniper’s FDRE portfolio and strengthens its integrated renewable energy and storage capabilities.Read more

29 Aug 2026

The Pune Municipal Corporation (PMC) is facing property tax arrears of around INR 2,500 crore from 32 merged areas, putting pressure on its finances and ability to fund civic infrastructure. The outstanding amount comprises INR 1,650 crore in principal tax and INR 850 crore in interest. Of around 4.40 lakh properties in these areas, only about 1.10 lakh owners have paid their dues. Residents have resisted payments citing inadequate civic services, while the PMC continues to seek a resolution to improve collections and strengthen its revenue position.Read more

29 Aug 2026

Indiabulls has entered into a development management agreement with a private landowner for a residential project spread across 10.84 acres along Dwarka Expressway in Gurugram. The project is expected to have around 21 lakh sq ft of saleable area and an estimated gross sales value of INR 3,700 crore. According to the company’s exchange filing, RERA registrations for Phases 1 and 3 have been obtained, while the project is expected to be launched by mid-October 2026. The development will take Indiabulls’ overall project GDV to INR 27,308 crore.Read more

29 Aug 2026

South African property company Putprop has entered into a lease renewal addendum with Larimar Properties Proprietary Limited, extending its existing rental arrangement. Under the renewed agreement, the maximum rental income available to Putprop will be R3.78 million, excluding VAT. The agreement relates to an existing property lease and provides for continued rental income from the tenant. The company disclosed the arrangement as part of its latest regulatory update, although it did not provide further details on the property, lease period or specific terms of the renewed agreement.Read more

29 Aug 2026

SVC Co-operative Bank has conducted a nationwide cyber fraud awareness campaign across 213 housing societies, reaching more than 19,061 residents through its network of 203 branches across 10 states and one Union Territory. The initiative focused on educating residents about phishing, investment scams, impersonation, OTP and UPI frauds, QR code scams, digital arrest frauds and fake customer care calls. Bank officials also shared basic cyber hygiene practices and advised residents to report suspected fraud through the National Cyber Crime Helpline 1930 or the government’s cybercrime reporting portal.Read more

29 Aug 2026

Cheaper home loans have not made buying easier, as property prices in India's metros have climbed faster than the rate cuts could offset. Rental yields across major cities remain as low as 2–4%, often below fixed deposit returns, while price-to-rent ratios in Mumbai and Delhi have moved well past global benchmarks that favour ownership. Career mobility, the opportunity cost of a down payment, and the rise of tier-2 buying markets are reshaping what was once considered a simple, emotional decision into a city-specific financial calculation for India's 25-to-40 population.Read more

29 Aug 2026

The Pune Cantonment Board is seeking approval to commercially utilise a 5.43-acre defence land parcel in Koregaon Park to strengthen its finances. The land, classified as ‘C’ land and managed by the board, has remained unused for decades. The board has approached the Principal Directorate of Defence Estates, Southern Command, for statutory sanction to explore commercial use. The proposal comes as the board faces a monthly funding gap, with expenses of at least INR 12 crore against revenue of about INR 2 crore, increasing its dependence on central government aid.Read more

29 Aug 2026

Mumbai’s luxury residential market recorded 1,499 transactions involving homes priced at INR 5 crore or more during April-June 2026, with a combined registered value of INR 14,903 crore, according to the latest Lighthouse Luxury report, powered by Zapkey’s property registration intelligence. The data indicates an average of about 16 luxury homes registered daily, with transactions averaging INR 164 crore in value each day. Worli remained the highest-value micro-market, while Goregaon East, Andheri West, Vile Parle West and Santacruz West featured among the leading locations by transaction value. Godrej Properties led developer performance with INR 1,304 crore across 110 registrations, while Godrej Trilogy in Worli alone accounted for 37 deals worth INR 799 crore. The quarter also recorded notable luxury leases involving public figures and a INR 211 crore residential sale in Chennai.Read more

Nagpur News Desk

29 Aug 2026

MIHAN India Ltd and Maharashtra Airport Development Company Ltd have paid INR 5 crore towards outstanding property tax to the Nagpur Municipal Corporation (NMC), giving a boost to the civic body's ongoing recovery campaign. The payment was made as NMC intensifies efforts to collect long-pending dues across all 10 zones. The corporation has set a September 30 deadline for the drive and is prioritising commercial properties and major defaulters. Officials have been authorised to issue notices, initiate attachment proceedings and pursue other legal measures against properties with significant unpaid tax liabilities. MIHAN India Ltd and Maharashtra Airport Development Company Ltd have cleared INR 5 crore in outstanding property tax dues with the Nagpur Municipal Corporation (NMC), as the civic body steps up its campaign to recover accumulated tax liabilities from property owners across the city.Read more

29 Aug 2026

BikeWo GreenTech Limited is exploring strategic opportunities to expand into warehousing and integrated logistics infrastructure, as part of its broader vision to build a comprehensive mobility and logistics ecosystem. The Hyderabad-based electric mobility firm intends to evaluate technology-enabled warehousing across sectors including e-commerce, automotive and electric mobility, FMCG, retail and enterprise logistics, with an initial focus on Hyderabad before expanding to other Indian markets. The company said it would consider a mix of owned, leased, operated, build-to-suit and partnership-led models, with the expansion currently at an exploratory stage.Read more

29 Aug 2026

Gaurs Group expects sales bookings of around INR 5,500 crore in the current financial year, supported by a strong pipeline of residential launches in Noida and along the Yamuna Expressway. The company plans to launch three to four housing projects by March next year. It has also partnered with Seaform Germany to procure premium modular kitchens and wardrobe solutions worth INR 150 crore over five years, covering more than 10,000 kitchens across its projects. The developer said housing demand remains strong in Noida, Greater Noida and Ghaziabad, where supply from established developers remains limited.Read more

29 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) and Navi Mumbai Police Commissionerate have launched a 11-bed de-addiction and rehabilitation centre at the Mother Teresa building in Sector 8, CBD Belapur, to provide treatment, counselling and rehabilitation support to people affected by substance dependence. Maharashtra Chief Minister Devendra Fadnavis inaugurated the facility virtually from D Y Patil University of Excellence, Nerul, during the launch of the Navi Mumbai Police’s ‘Campus Connect’ campaign under the ‘Drug-Free Navi Mumbai’ initiative. The centre will be operated by Bandhilki Foundation and will provide rehabilitation, life-skills, vocational training, skill development, recreational and patient-support programmes. It will also involve families in counselling and follow-up support, with psychiatrists, psychologists or counsellors, nurses and other trained personnel providing care.Read more