10 minutes ago

• Madhya Pradesh is witnessing a sharp rise in fly ash brick prices, increasing input costs for housing and construction projects.
• Developers have raised concerns over the impact on project budgets and residential construction expenses.
• Industry stakeholders said the increase could eventually affect homebuyers through higher property costs.
• The issue has intensified concerns over rising material prices amid ongoing residential and infrastructure development across the state.Read more

Gurugram News Desk

1 hour ago

• The Punjab and Haryana High Court has clarified that protection from enforcement action applies only to property owners directly involved in the ongoing litigation related to building violations in Gurugram.
• The ruling allows the Department of Town and Country Planning (DTCP) to proceed against thousands of other properties facing allegations of unauthorized construction and misuse.
• The matter is linked to violations reported across DLF Phases 1 to 5, including excess floor coverage, additional floors and commercial activities in residential properties.
• Authorities had previously identified over 5,000 suspected violations and issued notices to property owners.
• The decision is expected to strengthen compliance measures and accelerate enforcement action across several residential colonies in Gurugram.Read more

03 Jun 2026

A Gram Sabha was held in Penumaka village by the Andhra Pradesh Capital Region Development Authority (APCRDA) as part of the ongoing land acquisition process for Amaravati. Senior APCRDA officials informed villagers about the status of land pooling and acquisition activities, highlighting that eligible landowners still have an opportunity to join the Land Pooling Scheme within the prescribed timeframe. Officials also reviewed names included in the acquisition notification, invited objections from residents, and outlined ongoing infrastructure development works in the capital region. Farmers were urged to cooperate with the development process and complete pending registration formalities.Read more

Ahmedabad News Desk

03 Jun 2026

• Gandhigram railway station in Ahmedabad has been added to the long-distance express network with the launch of its first express train service.
• Western Railway has introduced a special train service connecting Gandhigram with Prayagraj, marking a new operational milestone for the station.
• The move is aimed at improving direct connectivity for passengers in western Ahmedabad, particularly in surrounding residential and commuter catchments.
• The development is part of broader efforts by Indian Railways to expand boarding points and decongest major terminal stations in the region.Read more

03 Jun 2026

• Flexible workspace operator IndiQube Spaces Ltd has signed a five-year office leasing agreement valued at INR 52 crore with a consulting and management services firm.
• The transaction covers more than 700 desks at IndiQube’s co-working facility in Yelahanka, North Bengaluru.
• The deal was disclosed by the company through a regulatory filing released in the past week.
• The agreement reflects continued demand for managed and flexible workspaces from corporate occupiers seeking long-term office solutions.
• IndiQube currently operates across 17 cities and manages a portfolio exceeding 9.66 million sq ft.Read more

03 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Grievance Day programme at its headquarters in Rayapudi, Amaravati, on June 1 to address issues raised by farmers and agricultural labourers in the capital region. A total of 27 petitions were received, covering matters such as the reallocation of returnable plots, land pooling concerns and related issues. Senior APCRDA officials, including Commissioner V. Vijaya Rama Raju and Additional Commissioners A. Bhargav Teja and Kollabathula Karthik, reviewed the representations and assured applicants that their concerns would be examined and resolved at the earliest. The authority also reiterated that grievance petitions can be submitted daily at its Citizen Grievance Center and announced that the dedicated Grievance Day programme will continue every Monday at the Rayapudi office.Read more

03 Jun 2026

• Realty developer Anant Raj Ltd has signed a Memorandum of Understanding (MoU) with the Haryana government to invest INR 20,000 crore in large-scale data centre infrastructure across the state.
• The agreement was signed during the launch of the Make in Haryana Policy and other sectoral policies by the Department of Industries & Commerce, Haryana.
• The proposed investment is in addition to the company's existing data centre expansion programme in Haryana.
• Anant Raj currently operates 28 MW of IT load in Manesar and Panchkula and plans to scale its total capacity to 307 MW by 2031-32.
• The investment is intended to strengthen digital infrastructure, support rising demand for data storage and cloud services, and enhance Haryana’s position as a technology investment destination.Read more

03 Jun 2026

Union Housing and Urban Affairs Minister Manohar Lal has reiterated that the Centre can resume government-owned land leased to institutions whenever required for public purposes. The statement follows a notice issued by the Land and Development Office directing Delhi Gymkhana Club to vacate its 27.3-acre Safdarjung Road property in New Delhi. The government has cited defence infrastructure and public security requirements for the move. The dispute has highlighted the Centre’s legal authority over leased public land administered by the L&DO.Read more

03 Jun 2026

• The Chief Minister of Assam met Union Railway Minister Shri Ashwini Vaishnaw to review ongoing and proposed railway expansion initiatives across the state.
• Discussions focused on strengthening rail connectivity, capacity enhancement, and faster execution of key railway infrastructure projects in Assam.
• Passenger amenities and station modernisation plans were also reviewed to improve commuter experience across major and regional railway stations.
• The engagement highlighted coordinated efforts between the Assam government and Indian Railways to accelerate transport infrastructure development in the North-East.Read more

03 Jun 2026

Real estate developer Anant Raj has announced plans to invest INR 250 billion in Haryana to strengthen its data centre and cloud services business. The company has signed an agreement with the Haryana Enterprises Promotion Centre to support the development of digital infrastructure in the state. The investment comes as demand for data storage, cloud computing and digital services continues to rise across India. The initiative aligns with Haryana’s industrial growth strategy and follows Anant Raj’s recent consideration of separating its data centre operations from its core real estate business.Read more

03 Jun 2026

• Union Road Transport and Highways Minister Nitin Gadkari reviewed the quality and maintenance status of 8,512 km of National Highways in Andhra Pradesh and 3,748 km in West Bengal.
• The review was conducted on June 1 following inputs and concerns received through media reports and social media platforms.
• Officials were directed to accelerate execution, strengthen quality monitoring systems and adopt modern construction technologies.
• The discussions covered highway safety, drainage, landscaping, black spot rectification, precast construction and compliance with quality standards.
• The ministry also emphasised monsoon preparedness measures to minimise disruptions and improve commuter safety across the highway network.Read more

03 Jun 2026

Newpark REIT has announced that discussions regarding a shareholder proposal to monetise shares are still ongoing, prompting the company to renew its cautionary announcement to investors. The update indicates that negotiations have not yet been finalised and that any potential transaction remains subject to further discussions and approvals. While details of the proposal have not been disclosed, the company has advised shareholders to continue exercising caution when dealing in its securities until a formal outcome is communicated. The development signals continued efforts to evaluate options that could unlock value for shareholders.Read more

03 Jun 2026

The Enforcement Directorate (ED) has arrested Chandigarh-based real estate businessman Vikram Wadhwa in connection with its investigation into the alleged INR 645 crore IDFC First Bank fraud case involving the diversion of public funds from government-linked accounts. Wadhwa was arrested under provisions of the Prevention of Money Laundering Act (PMLA) and is being investigated for his alleged role in the generation, layering and concealment of proceeds of crime. The case relates to the suspected embezzlement of funds belonging to the Haryana government, the Chandigarh Administration and two private schools. Investigators allege that the money was routed through multiple accounts and shell entities before being converted into cash and other assets.Read more

03 Jun 2026

Punjab Pollution Control Board (PPCB) has raised concerns over compliance gaps in residential and commercial projects in Zirakpur and urged developers to strictly follow environmental clearance conditions. During an interaction with builders, the board emphasised adherence to pollution control measures, sewage treatment requirements, rainwater harvesting systems and waste management practices. The exercise forms part of a broader effort to strengthen environmental governance in one of the fastest-growing urban centres in the Mohali region. Authorities also highlighted the need for improved coordination between regulators and developers to ensure sustainable urban development.Read more

Mumbai News Desk

03 Jun 2026

Amazon Data Services India has acquired a 10.6-acre land parcel in Mumbai Metropolitan Region from Lodha Developers for more than INR 125 crore to expand its data centre footprint. The transaction was completed in Ambernath, near the company’s existing data centre campus, and forms part of Amazon’s broader infrastructure expansion strategy in India. The acquisition comes amid rising demand for hyperscale data centres driven by cloud computing, digital services and artificial intelligence-related infrastructure requirements.Read more

03 Jun 2026

Mumbai Metropolitan Region Development Authority (MMRDA) is progressing a series of transport infrastructure projects aimed at improving mobility across Mumbai and its suburban regions. These include the operational Mumbai Monorail network, Metro Line 2B, ongoing improvements to the Santacruz-Chembur Link Road (SCLR), and the Golden Nest Flyover in Mira-Bhayandar. Together, the projects are expected to enhance multimodal connectivity, reduce travel times, ease congestion on key corridors and support the region’s growing residential and commercial hubs. The initiatives form part of MMRDA’s broader strategy to create an integrated transport network across the Mumbai Metropolitan Region.Read more

03 Jun 2026

• Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a 2,941 sq m land parcel in Mahim (West), Mumbai.
• The acquisition involves a consideration of INR 75 crore and concerns land adjoining the company's ongoing commercial project, Suraj One Business Bay.
• Following amalgamation with the existing development, the parcel is expected to generate an additional saleable carpet area of around 1.50 lakh sq ft.
• The expanded project is estimated to have a gross development value (GDV) of about INR 800 crore, taking the combined GDV of Suraj One Business Bay to more than INR 2,000 crore.
• The transaction is expected to strengthen Suraj Estate's commercial pipeline in South-Central Mumbai and reinforce its presence in the Mahim micro-market.Read more

03 Jun 2026

Unica Capital has expanded its presence in Monaco’s luxury real estate market through a USD 31.4 million investment in Le Montaigne, a landmark property located in the Principality’s prestigious Carre d’Or district. The transaction strengthens the firm’s strategy of investing in prime, supply-constrained real estate assets across key European wealth centres. Monaco continues to attract global investors due to limited land availability, strong international demand and long-term value appreciation. The investment also reflects sustained interest in trophy assets across Europe’s ultra-prime property markets despite broader economic and geopolitical uncertainties.Read more

Mumbai News Desk

03 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) is set to reissue its tender for a city-wide smart parking system after the earlier bidding process failed to attract suitable participants. Revised conditions include the removal of property tax liabilities for operators of public parking facilities and changes to financial eligibility norms. The PPP-based project aims to introduce an integrated digital parking network across Mumbai, incorporating real-time occupancy tracking, online reservations, sensors, video analytics and automated access systems to improve parking management.Read more

03 Jun 2026

India’s commercial real estate sector is undergoing a structural transformation, driven by the rapid expansion of Global Capability Centres (GCCs), increasing demand for flexible office formats and growing interest in Tier-II cities. A new industry report highlights how office real estate is shifting from traditional ownership models to technology-enabled, subscription-based workspaces that offer greater flexibility and scalability. With GCCs expected to significantly expand their footprint by 2030, flexible workspaces are emerging as one of the fastest-growing segments within the country’s commercial real estate market.Read more

03 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the construction of seven foot over bridges (FOBs) along the 11-km Metro Line 9 corridor connecting Dahisar East and Mira-Bhayandar. Planned under the authority’s Multi-Modal Integration (MMI) initiative, the bridges aim to improve pedestrian safety, station accessibility and last-mile connectivity. The project will cover key locations along the Western Express Highway and Mira-Bhayandar Road and will include lifts, staircases and CCTV surveillance. With Metro Line 9 nearing completion, the pedestrian infrastructure is expected to support safer movement and smoother passenger dispersal across the corridor.Read more

03 Jun 2026

Private equity firm New Mountain Capital has agreed to acquire Asset Living, a US-based residential property management company, in a transaction valued at more than USD 2 billion. The deal includes Asset Living’s owned real estate portfolio and proprietary technology platform. CEO Ryan McGrath is expected to remain involved in the business following the acquisition. The transaction comes amid growing investor interest in residential property management firms, which offer recurring revenue streams and exposure to rental housing demand. Asset Living manages multifamily, student and affordable housing communities across more than 40 US states.Read more

Lucknow News Desk

03 Jun 2026

Lucknow Metro will begin issuing and accepting the National Common Mobility Card (NCMC) from June 15 under UPMRC’s integrated ticketing initiative aimed at enabling seamless travel across transport systems. The rollout comes amid commuter complaints over disruptions in smart card services and shortages of metro cards at several stations. UPMRC said the NCMC-based system will support interoperable payments and reduce dependence on closed-loop metro cards while improving convenience for passengers using public transport networks.Read more

03 Jun 2026

Gujarat Real Estate Regulatory Authority (GujRERA) has initiated a review of government-backed and public sector real estate projects that have received extensions to their registration timelines. The regulator has reportedly sought detailed information on the reasons for delays, revised completion schedules and project progress from various government agencies and authorities. The exercise is aimed at strengthening project monitoring, improving transparency and ensuring timely completion of projects registered under the Real Estate (Regulation and Development) Act, 2016.Read more

Mumbai News Desk

03 Jun 2026

The Chembur station on Mumbai Metro Line 2B has received safety clearance from the Commissioner of Metro Rail Safety (CMRS), clearing a key hurdle for operationalising the long-awaited Metro–Monorail interchange in eastern Mumbai. The approval is expected to facilitate seamless transfers between Metro Line 2B, the Mumbai Monorail and the suburban rail network, strengthening multimodal connectivity in the Chembur area. The development comes after a series of inspections, safety audits and integration works undertaken by project authorities, with the interchange expected to improve accessibility and support higher ridership across the corridor.Read more

Mumbai News Desk

03 Jun 2026

• Western Railway has completed the launch of 19 steel girders for a new 12-metre-wide foot overbridge at Marine Lines station as part of station upgrade works.
• The operation was carried out during a scheduled overnight traffic and power block using heavy lifting equipment and a large workforce to minimise disruption to suburban services.
• The new bridge is expected to improve passenger circulation, reduce congestion on platforms and enhance commuter safety at one of Mumbai’s busiest suburban stations.Read more

03 Jun 2026

• Maharashtra has recorded 23 cooperative housing society registrations through its fully online registration system within two months of launch.
• The digital process is being implemented through the Aaple Sarkar portal to reduce paperwork and administrative delays.
• Officials said the system aims to simplify approvals, curb intermediary involvement and improve transparency.
• The initiative is expected to support faster registration of housing societies across urban centres including Mumbai and Pune.Read more

Hyderabad News Desk

03 Jun 2026

Hyderabad’s commercial real estate market has recorded a new benchmark after a prime land parcel in Raidurg was auctioned at approximately INR 237 crore per acre, the highest land price recorded in the city to date. The auction, conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), attracted strong interest from developers and investors, reflecting growing demand for premium commercial land in Hyderabad’s technology corridor. The transaction has reinforced Raidurg’s position as one of the country’s most sought-after business districts and highlights the continued momentum in the city’s office-led real estate market.Read more

03 Jun 2026

• CREDAI Visakhapatnam has proposed a project ID-based system to simplify housing registration processes.
• The industry body said the mechanism could help reduce documentation requirements and improve verification efficiency.
• Developers have sought integration of project-related data with registration procedures to minimise delays.
• The proposal aims to improve transparency, ease property transactions and support faster processing within the housing registration framework.Read more

03 Jun 2026

Puravankara Limited has entered into a Joint Development Agreement (JDA) for an 11.23-acre land parcel at Doddagubbi in North Bengaluru, where it plans to develop a residential apartment project with an estimated gross development value (GDV) of INR 1,100 crore. The development will comprise approximately 0.74 million sq ft of saleable area and forms part of the company’s ongoing expansion strategy in key urban micro-markets. The announcement comes after the developer reported record annual sales of INR 7,407 crore in FY26 and outlined a FY27 sales target of INR 11,200 crore. The project strengthens Puravankara’s pipeline in Bengaluru, which now represents more than INR 13,800 crore in GDV across multiple residential developments.Read more

Gurugram News Desk

03 Jun 2026

GMDA is planning three new flyovers along the upcoming Gurugram metro corridor between Millennium City Centre and Bakhtawar Chowk to create a signal-free traffic stretch. The proposed structures are aimed at easing congestion at key intersections along Netaji Subhash Marg and improving connectivity towards Dwarka Expressway. The project forms part of a broader mobility strategy to accommodate future traffic growth linked to the under-construction metro network and rapidly developing residential and commercial areas across the city.Read more

03 Jun 2026

• Recovery of dues and enforcement of orders under Maharashtra Real Estate Regulatory Authority has continued to face delays despite appointment of additional officers.
• Homebuyers seeking refunds and compensation under passed orders remain affected due to slow execution of recovery mechanisms.
• The system was strengthened through administrative staffing changes aimed at improving enforcement efficiency and reducing pendency.
• However, operational bottlenecks in recovery execution have meant limited improvement on-ground, leaving many cases unresolved across Maharashtra’s real estate projects.Read more

03 Jun 2026

• Family offices of Godrej Group, JSW Group, Macrotech Developers and Sattva Group have invested in real estate platform Sila.
• The investment comes as Sila expands its operations across property management, facility management and real estate advisory services.
• The transaction highlights rising family office interest in real estate service platforms amid growing institutionalisation of India’s property sector.Read more

03 Jun 2026

Citizens and urban transport experts have opposed the proposed INR 12,200 crore Thane Integrated Ring Metro project, alleging serious planning deficiencies, route inefficiencies and environmental concerns. Activist groups and transport specialists have argued that the 29-km loop line suffers from flawed ridership assumptions, overlaps with existing and planned corridors, and bypasses densely populated areas that require better connectivity. They have also raised concerns over potential tree felling and demanded a halt to ongoing works until an independent review of the Detailed Project Report (DPR) is conducted.Read more

03 Jun 2026

BigBloc Construction Ltd reported consolidated revenue from operations of INR 283.42 crore for FY26, marking a 26.2% increase from the previous financial year, supported by steady demand and operational improvements across its markets. The AAC block manufacturer recorded EBITDA of INR 22.93 crore, while profitability remained under pressure from geopolitical disruptions and ongoing expansion activities. During the year, the company entered the construction chemicals segment through a new facility at Umargaon, secured further approvals for its proposed Indore manufacturing plant, completed a subsidiary merger, and expanded its rooftop solar capacity to 3,340 KW. The company also reported strong quarterly growth, with revenue rising 34.6% year-on-year in the January–March quarter.Read more

03 Jun 2026

• The Delhi Pollution Control Committee (DPCC) is preparing to roll out Dust Portal 2.0, an upgraded digital platform that will use artificial intelligence to monitor dust mitigation compliance at construction and demolition sites across the capital.
• The system will integrate AI-based analytics, geotagged inspections and real-time monitoring tools to strengthen enforcement of dust control regulations.
• Construction projects exceeding 500 square metres will continue to be required to register on the portal and submit compliance-related information.
• Authorities aim to improve tracking of pollution violations, automate scrutiny processes and enhance accountability among developers and contractors.
• The initiative forms part of Delhi’s broader strategy to address particulate pollution generated by large-scale construction activity and urban infrastructure development.Read more

03 Jun 2026

• Bhiwandi has received India’s first all-weather pedestrian subway, designed to provide uninterrupted connectivity and safer commuter movement throughout the year.
• The infrastructure is aimed at improving station access, reducing congestion and ensuring seamless pedestrian circulation during heavy rainfall and adverse weather conditions.
• The project forms part of broader efforts to modernise transport infrastructure and enhance commuter facilities across the Mumbai Metropolitan Region.Read more

03 Jun 2026

Kochi-based Kings Infra Ventures Limited reported a 30.13% year-on-year increase in revenue for FY2025-26, with turnover rising to INR 162.15 crore from INR 124.63 crore a year earlier. The company also recorded growth across profitability metrics, including EBITDA, profit before tax and profit after tax. The performance came during a transition period following the passing of founder and former Chairman and Managing Director Late Shaji Baby John. Led by Managing Director Baby John Shaji, the company sharpened its focus on aquaculture and export operations, which supported farm-level growth and operational performance. The company has also outlined a five-pillar strategy for FY2026-27 aimed at strengthening efficiency, technology adoption, partnerships and revenue generation across its aquaculture and seafood businesses.Read more

Noida News Desk

03 Jun 2026

• The Noida Authority has floated a tender worth INR 18.8 crore to install sound barriers along the Bhangel Elevated Road.
• The project aims to reduce traffic-related noise for residential neighbourhoods and institutions located along the corridor.
• Authorities expect the intervention to improve the urban environment around one of the city’s busiest elevated road stretches.Read more

03 Jun 2026

• The Chandigarh administration has proposed permitting fragmentation of industrial plots measuring four kanal or more in Industrial Area Phase I and Phase II as part of amendments to the Chandigarh Master Plan (CMP)-2031.
• The move forms part of the administration’s ongoing Deregulation-II exercise aimed at improving industrial land utilisation and supporting business activity.
• Larger industrial plots could be subdivided into smaller units, subject to revised planning approvals, zoning compliance and conditions under a separate fragmentation policy.
• The proposal is expected to improve access to industrial space for MSMEs, startups and service-sector businesses that often find larger plots financially inaccessible.
• The administration is also considering broader industrial reforms, including mixed land use, higher development flexibility and ease-of-doing-business measures.Read more

03 Jun 2026

• A proposal seeking INR 350 crore from the Airports Authority of India (AAI) has been submitted to extend the runway at Tiruchirappalli International Airport.
• The project aims to enhance aircraft operations and support rising passenger and cargo traffic.
• Stakeholders believe the expansion will strengthen Trichy’s role as a major aviation hub in central Tamil Nadu.Read more

03 Jun 2026

• The Greater Chennai Corporation (GCC) has introduced a fixed timeline of 27 days for processing and issuing planning permissions and building permits.
• The new framework mandates end-to-end online processing, including document scrutiny, inspections, fee payments and grievance redressal.
• Applications with complete and compliant documentation can receive approvals within 18 days, while building permits linked to CMDA-approved projects must be issued within seven days.
• Officials have been directed to follow a first-in, first-out system and adhere to stage-wise deadlines to improve transparency and accountability.
• The move aims to address long-standing concerns over approval delays and strengthen time-bound service delivery in Chennai’s real estate and construction sectors.Read more

02 Jun 2026

• The Himachal Pradesh High Court has intensified scrutiny of alleged irregularities linked to the Chester Hills housing project in Solan district and directed authorities to place detailed records before the court.
• The court is examining issues related to project approvals, land-use permissions, construction activities and compliance with planning regulations.
• State authorities, including town planning and local administration departments, have been asked to submit status reports and relevant documents connected with the development.
• The proceedings form part of an ongoing judicial review into alleged violations and administrative lapses associated with the residential project.
• The court has also sought clarity on the role of officials involved in granting permissions and monitoring compliance during the project’s execution.Read more

02 Jun 2026

• The Tiruchirappalli City Corporation has commenced work on a new motorable bridge across the Uyyakondan Canal at an estimated cost of INR 1.1 crore.
• The project is aimed at improving traffic movement and reducing congestion along the busy Vayalur Road corridor.
• Once completed, the bridge is expected to strengthen local connectivity and provide an alternative route for commuters in the surrounding neighbourhoods.Read more

02 Jun 2026

• The Reserve Bank of India (RBI) reported a 4.2% year-on-year increase in the All India House Price Index (HPI) for the January–March quarter of FY26.
• The growth was higher than the 3.8% rise recorded during the corresponding period of the previous financial year.
• Cities including Nagpur, Jaipur, Chandigarh and Kanpur were the key contributors to the increase in housing prices.
• On a sequential basis, the HPI rose 0.2% to 115.9 from 115.6 in the preceding quarter.
• The index is compiled using property transaction data from registration authorities across 18 major Indian cities.Read more

02 Jun 2026

• The Telangana High Court has directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) not to undertake demolition activities in Kokapet without adhering to due legal process.
• The order came in response to petitions filed by property owners who challenged demolition notices and alleged procedural lapses by the agency.
• Petitioners argued that structures were targeted without adequate opportunity to present ownership records, approvals and supporting documents.
• The court emphasised that any enforcement action involving demolition must comply with statutory requirements, including issuance of notices and granting hearings to affected parties.
• The case forms part of a growing series of legal disputes linked to HYDRAA’s enforcement drives against alleged encroachments and unauthorised developments in the Hyderabad metropolitan region.Read more

02 Jun 2026

Shriram Properties reported a return to annual profitability in FY26, driven by higher revenue from operations, improved project execution and stronger earnings during the year. The Bengaluru-based developer posted a net profit compared to a loss in the previous fiscal, while fourth-quarter results also showed significant growth in both revenue and profit. Alongside approving its audited financial results, the company's board cleared the acquisition of partner stakes in four joint venture projects, a move aimed at increasing ownership and operational control. The developments reflect the company's focus on strengthening its project portfolio and improving financial performance amid sustained demand in the residential housing market.Read more

02 Jun 2026

• The Tamil Nadu government has confirmed the continuation of its free bus pass scheme for school and college students for the 2026-27 academic year.
• Free travel passes will be issued through educational institutions as schools and colleges across the state begin reopening from June 4.
• Students will be allowed to travel without payment during the interim period while passes are being processed and distributed.
• Government college students can continue to access free bus services by producing institution-issued identity cards.
• The transport department has deployed monitoring teams and issued operational instruRead more

02 Jun 2026

• South Western Railway has initiated scheduled maintenance works at the Lowry Road Underbridge (RUB) near KR Puram in Bengaluru in early June 2026, triggering phased traffic restrictions across key eastern corridors.
• Traffic movement is impacted across KR Puram, Ramamurthy Nagar, ITI Colony, ITPL and Whitefield, which together form a major residential and IT commuting network.
• Authorities have implemented diversions via the KR Puram cable-stayed bridge and adjoining arterial roads, with both full and partial closures planned between June 4 and June 9, including limited night-time restrictions.Read more

Mumbai News Desk

02 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) has received interest from 13 institutions for its maiden INR 1,000 crore green bond issuance process.
• The current stage involves selection of a merchant banker to structure and manage the proposed bond issue.
• The green bond is expected to finance environment-focused urban infrastructure projects in Mumbai, strengthening sustainable financing frameworks for civic development.
• The strong participation indicates institutional confidence in municipal bond-led funding mechanisms as urban local bodies explore diversified capital-raising avenues.
• The initiative marks a key step in BMC’s efforts to tap capital markets for infrastructure development.Read more