Mumbai News Desk

7 minutes ago

• An under-construction public toilet project in Kharghar, Navi Mumbai, built at an estimated cost of INR 2.3 crore, was demolished following action by authorities.
• The structure was reportedly removed after issues emerged regarding land permissions and regulatory approvals associated with the project.
• The demolition has sparked concerns over planning processes, project monitoring and the utilisation of public funds.
• Civic and political stakeholders have sought accountability over how the project progressed to an advanced stage before being declared unauthorised.Read more

Ahmedabad News Desk

37 minutes ago

The Ahmedabad Municipal Corporation (AMC) has introduced a new policy requiring developers and utility agencies to bear the cost of traffic congestion caused by road excavation and construction activities. The framework links penalties to the extent of disruption created on public roads and is aimed at improving traffic management, reducing prolonged road occupation and ensuring faster restoration of excavated stretches. Civic officials have stated that the measure forms part of a broader effort to improve urban mobility and strengthen accountability among agencies carrying out infrastructure and development works across the city.Read more

1 hour ago

Polish residential developer Robyg is preparing to launch an initial public offering (IPO) on the Warsaw Stock Exchange as it looks to support its next phase of growth. The company expects to raise around USD 109 million through the issue of new shares, with the proceeds primarily earmarked for expanding its land bank and advancing residential developments across Poland. Existing shareholder TAG Beteiligungs- und Immobilienverwaltungs will also sell part of its stake during the offering while retaining majority ownership. The IPO will include a retail investor component, with 10% of the offered shares reserved for individual investors.Read more

1 hour ago

• Delhi authorities have launched a large-scale enforcement drive against unauthorised constructions and misuse of properties following the fatal Hauz Rani bed-and-breakfast fire that claimed 21 lives.
• Since June 1, demolition action has been taken against 82 properties, while 43 buildings have been sealed across various municipal zones in the capital.
• The crackdown is targeting violations of sanctioned building plans, illegal commercial use of premises and other regulatory breaches.
• Officials have indicated that inspections and enforcement measures will continue as part of efforts to strengthen urban safety and compliance.Read more

2 hours ago

Smartworks Coworking Spaces Ltd has secured a five-year leasing agreement with the Indian subsidiary of a Japanese non-banking financial company (NBFC) for more than 400 desks at its Mumbai centre. The transaction is expected to generate rental revenue of approximately INR 35 crore over the contract period. The deal comes as demand for managed office spaces continues to strengthen across India’s major business hubs. As of March 31, 2026, Smartworks operated 66 centres spanning 16.1 million sq ft across 15 cities in India and Singapore. The company also reported a turnaround in its financial performance during FY2025-26, posting a net profit against a loss in the previous fiscal year amid strong growth in total income.Read more

Bangalore News Desk

3 hours ago

The Karnataka High Court has upheld the acquisition of land for the Banashankari VI Stage layout project in Bengaluru, providing a significant boost to one of the city's major residential development schemes. The court dismissed petitions challenging the acquisition process and reaffirmed the legality of the land acquisition undertaken for the Bengaluru Development Authority (BDA) project. The ruling is expected to facilitate the continuation of infrastructure and housing development works within the proposed layout, which has been planned to accommodate the city's growing urban expansion requirements.Read more

4 hours ago

The Delhi government has commenced a major sewer infrastructure project worth INR 138 crore in North East Delhi's Karawal Nagar constituency, aiming to address long-standing sanitation and civic infrastructure deficiencies. Announced by Chief Minister Rekha Gupta alongside Union Minister of State and Delhi BJP president Harsh Malhotra, the project will expand sewer connectivity across localities including Sonia Vihar, Milan Garden, Chauhan Patti and Sabhapur Extension. The initiative forms part of a broader package of development works exceeding INR 300 crore approved for the constituency over the past year. Besides strengthening sewer infrastructure, the government has outlined plans for water supply improvements, road upgrades and healthcare facilities as part of a wider push to improve urban services in the area.Read more

5 hours ago

GIFT City, India’s first International Financial Services Centre (IFSC) located in Gujarat, is emerging as a major destination for global financial activity and wealth management. Designed to operate under a specialised regulatory framework, the financial hub enables Non-Resident Indians (NRIs), investors and institutions to undertake transactions in foreign currencies while accessing international financial products and services from within India. Tax incentives, simplified regulations and the ability to conduct transactions without mandatory conversion into INR have contributed to its growing appeal. Financial institutions are increasingly offering dedicated products linked to the IFSC ecosystem, allowing NRIs to manage deposits, investments and cross-border transactions through a globally aligned framework.Read more

6 hours ago

• Andhra Pradesh has introduced a policy allowing large data centres with a minimum 300 MW connected load to operate as deemed distribution licensees and procure power directly.
• The move is aimed at supporting the state's AI and data centre ambitions, particularly in Visakhapatnam, where up to 5 GW of capacity is planned, including Google's proposed 1 GW campus.
• The policy mandates 51% renewable energy sourcing while protecting the interests of existing power distribution companies.Read more

Delhi News Desk

7 hours ago

The Delhi High Court has brought JK Paper into an ongoing legal dispute over a high-value bungalow on Prithviraj Road in Lutyens’ Delhi, a property acquired by the company for INR 250 crore in 2021. The case relates to claims made by Punit Beriwala, Managing Director of Vipul Ltd, who has alleged that he secured rights in the property through financial arrangements with the original owners nearly two decades ago. With the current owner now formally included in the proceedings, the court will examine competing ownership claims surrounding one of Delhi’s most expensive residential properties.Read more

Visakhapatnam News Desk

8 hours ago

• Several stormwater drains in Visakhapatnam are reportedly carrying untreated sewage and waste instead of rainwater, raising environmental concerns.
• Experts and civic groups warn that the pollution is affecting local water bodies, coastal ecosystems and public health.
• Encroachments, inadequate sewage infrastructure and poor maintenance have been cited as key reasons for the deteriorating condition of the drains.
• The issue has renewed calls for comprehensive drainage reforms and stronger wastewater management measures in the city.Read more

9 hours ago

The Chandigarh Municipal Corporation (MC) has revised the conditions of its construction and demolition (C&D) waste management tender after repeated bidding rounds failed to attract adequate private sector participation. The civic body has eased eligibility norms and modified key tender clauses to improve the project's financial viability and encourage greater competition. The move is aimed at ensuring the smooth operation of the city's C&D waste processing facility, which plays an important role in managing construction debris, promoting recycling and reducing illegal dumping. The revised tender is expected to generate stronger interest from potential operators.Read more

Noida News Desk

09 Jun 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has called for a comprehensive fire safety audit of hotels, paying guest accommodations (PGs), high-rise residential towers and commercial buildings across Noida. The demand comes amid growing concerns over fire preparedness and compliance with safety norms in densely populated developments. The federation has urged authorities to inspect fire-fighting systems, emergency exits and evacuation mechanisms, while ensuring strict action against violations. Resident groups believe regular audits and stronger monitoring are essential to improving safety standards and reducing risks in the rapidly expanding urban landscape.Read more

09 Jun 2026

• NFHS-6 (2023–24) data indicates a rise in the proportion of women in Karnataka who own a house and/or land, either independently or jointly with others.
• The survey points to growing participation of women in property ownership compared with previous survey rounds conducted in the state.
• Karnataka's ownership figures remain higher than several national indicators relating to women's asset ownership and financial inclusion.
• The findings highlight changing patterns of household asset ownership and greater representation of women in property holdings across urban and rural areas.Read more

Hyderabad News Desk

09 Jun 2026

Property registration charges have increased significantly across several of Hyderabad's major growth corridors following the Telangana government's revision of market values that came into effect on June 5. The sharpest increases have been recorded in rapidly developing locations such as Kokapet, Neopolis, Financial District, Narsingi and surrounding micro-markets, where land values and real estate activity have surged in recent years. The revised rates are expected to raise transaction costs for buyers while aligning government valuations more closely with prevailing market prices across the city's high-demand property markets.Read more

09 Jun 2026

• Chandigarh Municipal Corporation has accelerated the digitisation of land and ownership records in five villages under the NAKSHA pilot project.
• Officials have been directed to complete pending work within the stipulated timeline after a review of the project's progress.
• Villages covered under the initiative include Sarangpur, Attawa, Burail, Kajheri and Palsora, where field verification work has largely been completed.
• More than 13,000 properties have been mapped and verified as part of Chandigarh's broader GIS-based land records programme.
• The project is expected to improve transparency, reduce land ownership disputes and strengthen urban and village planning through accurate digital records.Read more

09 Jun 2026

Naeem Real Estate Holding Group is reviewing a potential restructuring of part of its real estate portfolio as it explores transferring selected assets into a real estate fund. The move is currently under study and forms part of the company's efforts to assess alternative ownership and management structures for certain properties. While the company has not disclosed details regarding the assets involved or the timeline for implementation, the proposal could help streamline asset management and improve operational efficiency. Further details are expected once the evaluation process is completed and a final decision is taken.Read more

09 Jun 2026

The Czech National Bank (CNB) has decided to increase the countercyclical capital buffer rate for banks by 25 basis points, citing strong lending activity, rising household and corporate debt, and continued growth in residential property prices. The revised rate will take effect in July 2027 and is aimed at strengthening the resilience of the banking sector against potential future risks. The central bank also retained existing mortgage lending rules and the systemic risk buffer rate. Stress tests conducted across financial sector segments indicated that institutions remain well positioned to withstand adverse economic conditions.Read more

Mumbai News Desk

09 Jun 2026

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.Read more

09 Jun 2026

• The Maharashtra government has taken a major step towards regularising unauthorised properties in Ulhasnagar that existed before January 1, 2011.
• A high-level meeting at Mantralaya reviewed pending issues and proposed measures to simplify the ownership regularisation process.
• The government is considering reducing regularisation charges from 10% to 5% of the Ready Reckoner value and removing the requirement for a D Certificate.
• A dedicated task force will be set up to speed up approvals and issue ownership documents to eligible property holders.
• The move is expected to benefit lakhs of residents by providing legal ownership rights and enabling redevelopment of old and dilapidated buildings.Read more

09 Jun 2026

• India's economy grew 7.8% year-on-year in the January-March quarter, exceeding the 7.2% forecast by economists.
• Strong private investment, higher agricultural output and continued construction activity supported growth despite the initial impact of geopolitical tensions in West Asia.
• The National Statistics Office revised India's FY26 GDP growth estimate to 7.7%, slightly higher than its earlier projection of 7.6%.
• Economists noted that resilient domestic demand helped sustain growth, although private consumption remained uneven in some segments.
• Analysts expect growth to moderate in FY27 amid risks from elevated energy prices, geopolitical uncertainties, inflationary pressures and concerns over monsoon conditions.Read more

09 Jun 2026

• Home Invest Belgium has reached an agreement with UCL to extend rights in rem related to its assets in Louvain-la-Neuve.
• The agreement is expected to support the long-term management and value of the company's real estate portfolio.
• Following the development, Home Invest Belgium raised its expected EPRA earnings per share for FY2026.
• The company's FY2026 EPRA earnings per share forecast has been revised from EUR 1.23 to EUR 1.25.
• The move reflects the positive financial impact anticipated from the extension agreement and strengthens the company's long-term asset strategy.Read more

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.Read more

Mumbai News Desk

09 Jun 2026

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.Read more

09 Jun 2026

DAC Developers has strengthened its presence along Chennai’s Old Mahabalipuram Road (OMR) with the inauguration of a new satellite office and the launch of DAC Cambridge, a premium residential project inspired by the architectural character of Cambridge, England. The developer also indicated that it is exploring a proposed INR 250 crore funding platform with Yubi to support future land acquisitions, following two previous transactions through which Yubi facilitated INR 66 crore in funding. The expansion comes as DAC continues to grow its residential portfolio across Chennai’s IT corridor, where it currently has five ongoing projects in Sholinganallur and Navalur. The company has also announced upcoming launches including DAC Silicon Valley Phase 3 and DAC Lords.Read more

09 Jun 2026

• Uttar Pradesh's Economic Offences Wing (EOW) has arrested a director of Karmabhoomi Real Estate Company Limited in connection with an alleged INR 100 crore real estate investment scam.
• The company allegedly collected funds from hundreds of investors across multiple districts by promising high returns through real estate-linked schemes.
• Investigators have identified six directors associated with the company, while five accused are still absconding.
• The probe is focused on tracing investor funds, examining financial records and identifying the full extent of the alleged fraud.
• Authorities believe the case affected a large number of small investors and further arrests may follow as the investigation progresses.Read more

09 Jun 2026

Global infrastructure investor I Squared Capital is planning to launch an India-focused infrastructure fund with a target corpus of around INR 5,000 crore, marking a strategic push to attract capital from domestic institutional and high-net-worth investors. The proposed vehicle will focus on sectors such as energy, transportation, logistics and digital infrastructure. The initiative comes as local pension funds, insurance companies and family offices increasingly seek exposure to long-term infrastructure assets, reflecting the growing depth of India's alternative investment ecosystem.Read more

09 Jun 2026

BlackRock Monticello Debt Real Estate Investment Trust has strengthened its financing platform through two new funding arrangements disclosed in a recent regulatory filing. A unit of the REIT entered into a credit agreement with ConnectOne Bank, providing an initial commitment of USD 100 million with the potential to increase to USD 150 million. The agreement is set to mature in 2029 and includes extension options. Separately, another unit signed a master repurchase agreement with Nomura Corporate Funding Americas, carrying an initial maximum purchase price of USD 250 million, further expanding the trust’s access to capital for investment activities.Read more

09 Jun 2026

Railway projects worth nearly INR 1 lakh crore are under various stages of implementation across West Bengal, covering new rail lines, track doubling, electrification, station redevelopment and freight infrastructure. Officials have emphasised the importance of timely land handover to maintain project schedules and avoid execution delays. The investments form part of the Centre's broader railway modernisation programme aimed at improving passenger and freight connectivity, boosting logistics efficiency and supporting economic development across the state.Read more

09 Jun 2026

SpiceJet has announced plans to strengthen its fleet by adding three Airbus A320 aircraft on a damp lease arrangement next month. The airline has already finalised the lease agreement for the narrowbody planes as part of its ongoing fleet expansion strategy. In addition, SpiceJet has reintroduced a Boeing 737 MAX aircraft into commercial operations after bringing it back from the ground. The move is aimed at meeting rising passenger demand during the peak travel season, while also improving operational flexibility and supporting the airline’s domestic and international network requirements.Read more

09 Jun 2026

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.Read more

09 Jun 2026

President Donald Trump has announced plans to build a new pedestrian promenade connected to the Lincoln Memorial in Washington, adding to a series of redevelopment projects underway across the U.S. capital. The proposed promenade is intended to improve pedestrian access between the memorial, the Potomac River and nearby tourist attractions. The announcement comes alongside progress on the refurbishment of the Reflecting Pool and the advancement of a proposed 250-foot Triumphal Arch. The projects form part of a broader effort by the administration to reshape key public spaces in Washington, although some initiatives have faced legal and public scrutiny.Read more

09 Jun 2026

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.Read more

09 Jun 2026

The Telangana government has selected Singapore-based DP Architects to prepare the master plan for Bharat Future City, a large-scale urban development project being developed under the Future City Development Authority (FCDA). The firm emerged as the lowest bidder among six participants in the tender process and is expected to submit the master plan within nine months. Spread across about 765 sq km, the project aims to create dedicated hubs for life sciences, artificial intelligence, advanced manufacturing, data centres, healthcare, education and residential development, supporting Telangana's long-term economic and infrastructure growth plans.Read more

09 Jun 2026

• The Uttar Pradesh government has barred the sale, purchase and registration of land within the notified areas of LDA’s IT City and Wellness City projects in Lucknow.
• The move is aimed at preventing speculative land transactions and ensuring that benefits under the land pooling scheme reach original landowners.
• Only landowners whose names are already recorded in revenue records will be eligible for developed plots and project-related benefits.
• The restriction covers the first phase of both mega township projects being developed along Sultanpur Road and the Kisan Path corridor.
• Authorities expect the decision to curb artificial land price escalation and support smoother implementation of the projects.Read more

09 Jun 2026

Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.Read more

09 Jun 2026

• A fire department survey has found that only 80 of Patna’s 241 registered hotels fully comply with prescribed fire safety norms and have obtained the required No Objection Certificates (NOCs).
• The highest non-compliance was recorded in the city’s busiest hotel clusters, where deficiencies include inadequate emergency exits, narrow staircases, limited access for fire tenders and insufficient firefighting infrastructure.
• Authorities have intensified inspections and enforcement measures following previous hotel fire incidents, with non-compliant establishments being directed to upgrade safety systems and address structural shortcomings.Read more

09 Jun 2026

The Odisha government has approved 24 industrial investment proposals worth INR 3,793 crore through the State Level Single Window Clearance Authority (SLSWCA), paving the way for employment opportunities for more than 19,000 people across the state. The projects span sectors including renewable energy, steel and metal downstream industries, electronics and EV components, textiles, tourism, logistics, food processing, chemicals and emerging technologies. The investments will be distributed across 14 districts, reflecting the state's continued push to attract industrial capital and expand manufacturing capabilities. Among the major approvals are a lab-grown diamond manufacturing facility in Khurda and a battery energy storage systems project in Dhenkanal.Read more

09 Jun 2026

Vibez Estates has signed a hospitality management agreement with Sarovar Hotels for Vibez Sarovar Premiere, a 40-acre hospitality development in Sakleshpur, Karnataka. Located amid the Western Ghats and surrounded by coffee plantations and hill landscapes, the project will comprise a five-star hotel and villa development and is scheduled to open in 2028. The partnership combines Vibez Estates’ experience in managed land and plantation assets with Sarovar Hotels’ operational and distribution capabilities. The development comes as Sakleshpur continues to attract increasing visitor interest due to its natural surroundings, plantation tourism offerings and improving connectivity to Bengaluru and Mangaluru. The project is expected to add organised hospitality capacity to the region’s growing tourism and leisure ecosystem.Read more

09 Jun 2026

Embassy Developments Ltd has projected a 73 per cent increase in sales bookings to INR 8,000 crore in FY27, supported by strong housing demand across key residential markets. The company plans to launch housing projects worth nearly INR 19,500 crore during the fiscal year across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR, while also monetising inventory worth around INR 11,000 crore in ongoing developments. Managing Director Aditya Virwani said demand for quality residential projects from established developers continues to remain healthy despite global uncertainties. The company is also expecting operational and financial improvements following favourable outcomes in key legal matters, including the setting aside of insolvency proceedings by the National Company Law Appellate Tribunal (NCLAT).Read more

09 Jun 2026

As Hyderabad continues to witness rapid urban expansion through new residential projects, commercial districts and lifestyle destinations, sustainability must become a central consideration in the city’s development trajectory, according to Jaya Pavan Gummadi, Managing Director of Prosperiti Homes. Marking World Environment Day, Gummadi highlighted the need for climate-conscious urban planning that addresses heat management, water conservation, waste handling, green spaces and overall liveability. He also emphasised the role of community engagement in advancing environmental awareness through Positive Planet, a sustainability-focused podcast and content platform. The initiative seeks to bring local experts and practitioners into conversations around responsible consumption, recycling, composting and circular economy practices, while encouraging residents and businesses to adopt environmentally conscious habits in their daily lives.Read more

09 Jun 2026

The Punjab government has launched a statewide campaign to register and revalidate 10 lakh construction workers free of cost, aiming to expand access to welfare benefits and social security schemes. Announced by Chief Minister Bhagwant Mann during a review meeting of the Punjab Building and Other Construction Workers (BOCW) Welfare Board, the initiative will waive all registration and renewal charges for workers. The state plans to organise special registration camps across villages and urban centres to increase enrolment, as only 2.21 lakh workers are currently registered despite extensive construction activity and urbanisation. The drive is intended to improve coverage under welfare schemes, streamline benefit delivery and ensure that a larger segment of the construction workforce receives financial assistance, healthcare support, education benefits and skill development opportunities.Read more

09 Jun 2026

A detailed review by the UK's spending watchdog has shed light on property arrangements involving members of the British royal family. The report examined leases held through the Royal Household and Crown Estate, highlighting varying rental structures, long-term lease agreements and housing provisions for both working and non-working royals. It found that some properties were leased on commercial terms, while others involved nominal rents or subsidised arrangements. The review also outlined the financial commitments made by senior royals for certain residences and provided fresh details on long-standing property agreements that have drawn public and parliamentary scrutiny.Read more

09 Jun 2026

Deepak Group marked World Environment Day by launching a 50-acre mangrove afforestation initiative along the Paniyadra coastline near Dahej in Bharuch district, Gujarat. The programme brought together company employees, local communities and project teams to plant Avicennia marina, a salt-tolerant mangrove species that plays a vital role in protecting coastal ecosystems. The initiative forms part of the group's corporate social responsibility efforts and is designed as a long-term, community-led restoration programme with ongoing monitoring and ecological stewardship. Alongside the coastal project, the company conducted plantation drives across its manufacturing locations in Gujarat, Maharashtra and Telangana, planting more than 1,500 saplings and organising environmental awareness activities aimed at encouraging employee participation in sustainability and conservation efforts.Read more

09 Jun 2026

Housing finance lender Truhome Finance and real estate developer Veegaland Developers have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings. Truhome Finance, backed by Warburg Pincus, plans to raise INR 3,000 crore through a combination of fresh equity issuance and an offer-for-sale, while Veegaland Developers intends to raise INR 250 crore through a fresh issue of shares. The approvals form part of a broader batch of five IPO clearances granted by the market regulator in the past week. For Truhome Finance, the listing is expected to strengthen its capital base and support future lending growth, while Veegaland’s public issue is set to provide growth capital for its real estate business. SEBI’s observations allow both companies to move ahead with their public offerings within the prescribed regulatory timeline.Read more

09 Jun 2026

The Karnataka government has exempted a large category of homeowners in Bengaluru from obtaining Occupancy Certificates (OCs), providing relief to thousands of residential property owners facing challenges in securing the mandatory document. The decision extends the OC exemption to houses built on plots measuring up to 2,400 sq ft within the Greater Bengaluru Authority (GBA) limits, subject to prescribed building parameters. Previously, the relaxation was available only for smaller plots of up to 1,200 sq ft. The move is expected to benefit owners of independent houses who have struggled with procedural delays and compliance issues linked to occupancy certification. The government said the measure is intended to simplify regulatory processes while easing access to civic services and property-related documentation for eligible residential buildings.Read more

09 Jun 2026

Union Minister of State for Road Transport and Highways Ajay Tamta has reviewed a series of highway and road infrastructure projects across Sikkim, directing officials to accelerate ongoing works and advance upcoming schemes. The review covered national highway upgrades, bypass projects, strategic border roads and connectivity improvements aimed at easing congestion and strengthening links across the Himalayan state. Among the projects assessed were the INR 595 crore Rhenock–Rongli road project and the INR 1,018 crore upgrade of a section of NH-10. The Centre also reviewed progress on the Gangtok Bypass and other strategic corridors, with a focus on timely execution, road safety and improved connectivity to remote and border areas. The exercise forms part of the government’s broader effort to enhance transport infrastructure, tourism access and economic activity in Sikkim.Read more

09 Jun 2026

Kolkata-based PPE manufacturer Mallcom India Ltd has invested more than INR 100 crore in a new manufacturing facility at Sanand, Gujarat, as part of its efforts to expand domestic production, increase localisation and reduce reliance on imports. The facility, which is the company’s 17th manufacturing unit, currently employs over 200 people and is expected to create more than 300 jobs by next year. The plant manufactures NBR and PU gloves, safety helmets and bump caps, and houses what the company describes as India’s first domestic tariff area unit for Protech PU gloves. The investment forms part of Mallcom’s broader strategy to strengthen its manufacturing footprint and support product innovation within the personal protective equipment sector.Read more

09 Jun 2026

Visakhapatnam Port Authority (VPA) has successfully berthed MV Graceous, a 292-metre-long cape-sized bulk carrier, at the EQ-1 berth in its inner harbour, marking a significant operational milestone for the port. The vessel, which has a beam of 45 metres and a draft of 12.2 metres, is among the largest classes of bulk carriers operating globally. The achievement gives Visakhapatnam Port more than one cape-compliant berth, strengthening its ability to handle larger cargo vessels and enhancing overall cargo handling capacity. The development comes as ports across India continue to upgrade infrastructure and operational capabilities to accommodate larger ships and support growing maritime trade volumes.Read more

09 Jun 2026

The Delhi government has announced a series of stringent measures against unauthorised construction and fire safety violations following a hotel fire in south Delhi that claimed 21 lives. The administration will invoke provisions of the Disaster Management Act, 2005, to hold negligent officials accountable, with penalties including imprisonment and fines. District Magistrates (DMs) will be given expanded powers to identify violations, initiate disciplinary proceedings and oversee enforcement actions. The government has also directed joint inspections of hotels, guest houses, restaurants and other commercial establishments across the capital. The move comes amid a wider crackdown on illegal buildings, with authorities focusing on unsafe structures, unauthorised commercial use and violations of approved building plans.Read more