17 minutes ago

Godrej Properties expects to generate more than INR 20,000 crore in operating cash flow over the current and next fiscal, supporting further investments in business expansion. Executive Chairperson Pirojsha Godrej said the company’s sales performance remained strong, with bookings rising 22 per cent year-on-year to INR 8,651 crore in the June quarter. The developer expects to meet or exceed its targets for sales bookings, project launches, customer collections and land acquisition. It is also targeting a 20 per cent return on equity for the next financial year while continuing to expand construction and delivery capacity.Read more

47 minutes ago

The Delhi government has reiterated that existing houses in the city’s O-Zone will not face demolition, amid a political dispute over ongoing action against construction in areas along the Yamuna floodplains. Delhi Development Minister Kapil Mishra said more than 30 lakh houses in the O-Zone would not be demolished and proposed a special discussion on the matter in the Assembly. The assurance came during the Monsoon Session after AAP MLA Sanjeev Jha raised concerns over demolitions and sought legal protection for unauthorised colonies, saying the status of 12-15 lakh residents remained uncertain. The O-Zone extends for about 22 km from Wazirabad to Okhla. Mishra said BJP MPs and MLAs had discussed the issue with authorities and accused the Opposition of politicising complaints concerning construction in O-Zone areas.Read more

1 hour ago

The West Bengal government is holding discussions with the Tata group to explore fresh investments in the state, Industry Minister Tapas Roy said. The discussions are focused on sectors beyond automobiles, including the possibility of expanding the group's existing businesses or setting up new units. Tata Motors had withdrawn its Nano project from Singur in 2008 following prolonged protests over land acquisition and shifted it to Sanand in Gujarat. The state also faces a liability arising from an arbitral award of INR 765.78 crore, along with interest, related to Tata Motors' withdrawal from the project.Read more

1 hour ago

Fujiyama Power Systems Ltd has commissioned a 2 GW power electronics manufacturing facility at Ratlam in Madhya Pradesh, expanding its overall power electronics production capacity to 4.2 GW. The plant will manufacture solar inverters, UPS systems and other related power electronics products. The facility forms part of the company’s greenfield manufacturing expansion programme focused on strengthening its integrated capabilities across the rooftop solar value chain. Fujiyama said the new facility would support its manufacturing and supply chain requirements as demand for rooftop solar solutions increases across India. The Ratlam complex is also being developed with a battery manufacturing facility, which the company said was progressing as planned. In May, Fujiyama commissioned a separate 2 GW solar panel manufacturing facility at the same complex.Read more

2 hours ago

UK-listed land and property regeneration company Harworth Group has rejected a takeover proposal from its largest shareholder, Peel Holdings, saying the offer significantly undervalues the business. The cash proposal values Harworth at about £582.9 million (USD 787.15 million) and offers 172.5 pence per share for the stake Peel Holdings does not already own. Peel Group, controlled by British businessman John Whittaker, holds nearly 30% of Harworth. Harworth’s board said the proposal sought to exploit the difference between the company’s share price and the value of its assets. Harworth shares rose 1.1% to 180 pence during Friday trading, taking their gain since the offer was disclosed to 25%. The company said it remained focused on higher-return land and industrial projects and had approved plans in principle to reduce costs over the medium term.Read more

2 hours ago

Jindal Stainless Ltd is evaluating multiple land options in Maharashtra for its proposed INR 40,000 crore stainless steel manufacturing facility, with the company expecting greater clarity on the site and project plans within the next one or two quarters. The proposed plant will have a capacity of 4 million tonnes per annum (MTPA) and is planned to be developed in phases, with the first phase expected to become operational within four years. The facility will also manufacture specialised steel grades for applications in hydrogen, nuclear energy, defence, mobility, infrastructure and process industries. The Maharashtra government has committed to facilitating permissions, registrations, approvals, clearances and fiscal incentives. The company currently has a combined 3 MTPA capacity at its plants in Hisar, Haryana, and Jajpur, Odisha.Read more

3 hours ago

Eleven firms have reportedly expressed interest in taking up around 1.26 lakh sq ft of space at the Ananta IT Park in Ujjain, signalling growing demand for commercial space linked to the city’s emerging technology ecosystem. The Madhya Pradesh Industrial Development Corporation (MPIDC) is developing the project in phases, with Phase 2 involving construction of an IT park building at Ujjain. The official tender document places the value of the Phase 2 construction work at INR 46 crore, with a planned execution period of 730 days.Read more

10 Aug 2026

The Delhi-Meerut Expressway will become the first highway in India to implement a variable speed limit system from August 15 under a pilot initiative by the National Highways Authority of India (NHAI) and the Central Road Research Institute (CRRI). The system will dynamically adjust speed limits based on real-time traffic conditions to improve road safety, reduce congestion and optimise travel time. Initially, the technology will be deployed on the Delhi stretch of the expressway, where electronic display boards will update speed limits according to traffic density. CRRI has installed the required infrastructure, while NHAI will monitor the pilot's performance before considering its expansion to other highways. Authorities believe the system will enhance traffic management through scientific speed regulation and integrated enforcement using cameras and digital signboards.Read more

10 Aug 2026

A Cessna C172 trainer aircraft operated by Academy of Carver Aviation suffered damage after veering off the runway at Baramati airfield in Maharashtra, with two people onboard. The incident occurred during a training exercise involving rejected take-off procedures. The flight instructor and trainee escaped without injuries. The Directorate General of Civil Aviation (DGCA) is sending its air safety team to the site for a preliminary investigation into the incident. The development comes months after a chartered aircraft crashed near the same airfield, killing Maharashtra Deputy Chief Minister Ajit Pawar and four others.Read more

10 Aug 2026

The Himachal Pradesh government has notified comprehensive guidelines for the design, construction, upgradation and maintenance of jeepable roads and ambulance link roads to improve connectivity in rural and remote regions. The framework aims to standardise road development across the state while facilitating safer movement of jeeps, ambulances and other light vehicles to villages with limited access. The guidelines cover technical specifications for road width, pavement, drainage, retaining and breast walls, slope protection and maintenance, ensuring infrastructure remains durable and safe. They also provide a mechanism for upgrading existing roads that currently do not meet prescribed safety standards. The initiative is expected to improve access to healthcare, education and essential public services while supporting all-weather connectivity in difficult hilly terrain.Read more

10 Aug 2026

The Commissioner of Railway Safety (CRS), Northern Circle, Dinesh Chand Deshwal has completed the final safety inspection of the Katra-Srinagar section of the Udhampur-Srinagar-Baramulla Rail Link in Jammu and Kashmir. The inspection was carried out on Friday and covered the railway corridor between Shri Mata Vaishno Devi Katra and Srinagar, taking into account the region’s challenging terrain and weather conditions. Officials said the review included railway tracks, tunnels, bridges, stations and other safety infrastructure, along with operational safety, passenger amenities, signalling systems and emergency response arrangements. Deshwal expressed satisfaction with the construction quality and safety standards of the strategically important rail link. Jammu Divisional Railway Manager Vivek Kumar said the railway administration would implement the recommendations made during the inspection and rectify identified shortcomings within the stipulated timeframe to facilitate the commencement of passenger services.Read more

10 Aug 2026

The UK’s FTSE 100 ended lower as investors assessed corporate earnings and followed losses on Wall Street. The index fell 0.2%, while the FTSE 250 rose for a fourth consecutive session. Housebuilder Persimmon gained after maintaining its full-year home delivery outlook at the upper end of its range, while advertising group WPP surged after reporting an improved trading trajectory. Insurer Admiral also advanced following its first-half results and share buyback announcement. In the property sector, Tritax Big Box REIT declined after placing a GBP 350 million share sale.Read more

10 Aug 2026

Jammu and Kashmir Chief Minister Omar Abdullah has laid the foundation for water supply and sewerage projects worth more than INR 140 crore in Udhampur and Reasi, alongside the inauguration of an upgraded commercial corridor in Jammu. The projects include a INR 124.19 crore augmentation of the Udhampur town water supply scheme under AMRUT 2.0 and a INR 16.33 crore used water management project in Reasi under SBM 2.0, which includes a 3 million litres per day sewage treatment plant. Abdullah said the initiatives would strengthen urban infrastructure, improve access to safe and sustainable drinking water and enhance sanitation facilities. He also inaugurated the INR 9.18 crore, 1.2-km Residency Road-High Street corridor in Jammu, executed by Jammu Smart City Limited under the Smart City Mission.Read more

10 Aug 2026

State Bank of India reported a 13.73% year-on-year rise in consolidated net profit for the June quarter, supported by higher core income and lower provisions. Standalone net profit also increased 10.23% from a year earlier. The bank’s net interest income grew nearly 15%, helped by strong growth in gross advances, although its domestic net interest margin remained under pressure. SBI also reported lower fresh slippages and an improvement in its gross non-performing asset ratio. The bank expects credit growth of 14-15% in FY27, supported by deposit growth of 10-11%.Read more

10 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has appointed Singapore-based Surbana Jurong Infrastructure Pte. Ltd. to prepare the Vision Document, Master Plan and planning framework for the proposed Mumbai 3.0 development. The project covers 323.44 sq km in Maharashtra’s Raigad district and is planned as a new urban development within the Mumbai Metropolitan Region. The appointment marks the beginning of the detailed planning process, with the Singapore firm expected to bring international urban planning expertise to the proposed township and help establish a long-term framework for its development.Read more

10 Aug 2026

Sumadhura Group plans to invest around INR 2,000 crore to develop a residential project in Bengaluru’s Whitefield-Kannamangala Corridor. The Bengaluru-based developer has signed a Joint Development Agreement with a landowner for the 17-acre project, which will have around 2.5 million square feet of saleable area. The company sees strong growth potential in the corridor, which has emerged as an important residential market in East Bengaluru. Sumadhura Group has completed 56 projects covering more than 17 million square feet and has over 40 million square feet of projects in its pipeline.Read more

10 Aug 2026

BRICS trade ministers have agreed to study the creation of an Invoice Discounting Mechanism to improve access to trade finance for micro, small and medium enterprises across member countries. The proposal, included in the Jaipur Consensus, aims to help MSMEs convert confirmed trade receivables into immediate working capital and reduce financing constraints. The ministers also backed greater use of digital trade documentation, including e-invoices and electronic bills of lading, to strengthen integration with global value chains. The move comes amid a global MSME finance gap estimated at USD 5.7 trillion, rising to USD 8 trillion when informal enterprises are included.Read more

10 Aug 2026

Arvind SmartSpaces Ltd reported an eight-fold rise in consolidated net profit to INR 97.39 crore for the quarter ended June, supported by a sharp increase in total income. The Ahmedabad-based Lalbhai Group’s real estate arm had posted a net profit of INR 11.96 crore in the corresponding quarter of the previous financial year. Total income increased to INR 322.02 crore in the first quarter of FY27 from INR 106.39 crore a year earlier, according to a regulatory filing. The company also recorded a more than two-fold increase in sales bookings, with pre-sales reaching INR 432 crore during April-June, compared with INR 175 crore in the corresponding period of FY26. Arvind SmartSpaces has projects across Ahmedabad, Gandhinagar, Baroda, Bengaluru, the Mumbai Metropolitan Region and Pune.Read more

10 Aug 2026

Dream Finders Homes has agreed to acquire US homebuilder Beazer Homes in an all-cash transaction valued at approximately USD 2.2 billion, including debt. Under the agreement, Beazer shareholders will receive USD 33.50 per share, placing the company’s equity value at about USD 916 million. The transaction is expected to create the sixth-largest homebuilder in the US and is scheduled to close in the fourth quarter of 2026, subject to customary conditions. The deal follows months of negotiations between the two companies. Dream Finders had offered approximately USD 704 million, or USD 25.75 per share, in May, but Beazer’s board rejected the proposal as significantly undervaluing the company. Beazer operates across 15 markets in 13 states, selling homes across multiple price segments and providing related financing services. Its shares have risen nearly 80% since the initial offer was disclosed.Read more

10 Aug 2026

Asia Pacific’s real estate investment market recorded USD 105 billion in transactions during the first half of 2026, marking its strongest first-half performance since 2022, according to Colliers. Office assets accounted for USD 40.2 billion of regional investment, followed by retail at USD 26.7 billion and industrial assets at USD 22.8 billion. Data centres attracted a further USD 6.7 billion as institutional interest in the sector increased. Capital remained concentrated in liquid markets, with China and Japan each attracting more than USD 25 billion, while Australia and Singapore recorded USD 15.8 billion and USD 14.1 billion, respectively. In India, domestic investors accounted for around 57% of investment after capital deployment increased 80% year-on-year, while foreign inflows rose 24% and represented about 43% of total investment.Read more

10 Aug 2026

Dubai’s residential property market continues to record strong transaction activity, but buyers are becoming more deliberate in evaluating developments, according to Satish Sanpal, founder and chairperson of ANAX Holding. The shift follows a period of rapid market growth, with Dubai recording more than AED 917 billion in real estate transactions during 2025, its highest annual total, while first-quarter 2026 transaction value reached AED 252 billion, a 31% year-on-year increase. Sanpal said buyers were taking longer to commit and paying greater attention to pricing, construction quality and developer credibility. The changing buyer approach is also increasing the importance of fundamentals such as location, layouts, amenities and long-term property appeal. ANAX’s portfolio includes V-Suites in Business Bay, Evora Residences in Al Furjan and ELLE Residences on Dubai Islands.Read more

10 Aug 2026

The Comptroller and Auditor General has flagged the prolonged underutilisation of 81.42 acres of land in Baprola, southwest Delhi, by the Delhi State Industrial and Infrastructure Development Corporation. The land was acquired in 2006 for developing a Gems and Jewellery Park and a Fashion Design Hub, but repeated changes in the proposed use left nearly 59 per cent of the allotted area unused for more than 17 years. The audit also highlighted unfruitful expenditure of INR 29.45 crore and an outstanding ground rent liability of INR 15.79 crore.Read more

10 Aug 2026

DLF Ltd has sold a penthouse for INR 271 crore at its upcoming super-luxury residential project The Dahlias in DLF Phase 5, Gurugram, according to sources. The 17-acre project, launched in October 2024, comprises 420 apartments and penthouses. Sources said entrepreneur Manav Sardana, who was associated with Imperial Auto, has purchased the penthouse. The transaction is among the costliest residential deals in terms of per-square-foot value, reflecting strong demand for ultra-luxury homes in Gurugram.Read more

10 Aug 2026

The Enforcement Directorate has filed chargesheets in two separate money-laundering cases involving companies and former executives of the Reliance Anil Ambani Group. One prosecution complaint concerns Reliance Infrastructure and allegations of fund diversion linked to four NHAI-awarded toll-road projects. The second is a supplementary chargesheet in the Reliance Communications case involving alleged diversion and layering of credit facilities. The agency has alleged that funds were routed through shell entities and group companies for purposes unrelated to their sanctioned use. Assets worth INR 8,078 crore have been attached in the RCOM case.Read more

10 Aug 2026

The Indonesian government will acquire the majority stake held by state-owned construction company PT Wijaya Karya (PT Wika) in the operator of the Jakarta–Bandung high-speed railway, as part of efforts to address the company's mounting financial liabilities without placing additional pressure on the national budget. The transaction will increase the government's ownership in PT Kereta Cepat Indonesia China (KCIC), which operates the country's first high-speed rail service, Whoosh. Officials said the move is intended to strengthen financial oversight of the project, which has faced cost overruns, land acquisition challenges, pandemic-related delays and ballooning debt since construction began. The railway was jointly developed by Indonesian and Chinese partners under China's Belt and Road Initiative.Read more

10 Aug 2026

A bridge in Maharashtra’s Gadchiroli district, inaugurated only three years ago, has collapsed, disrupting connectivity to several villages in the region. The incident has raised concerns over the durability of infrastructure in an area where bridges and roads are critical for maintaining access during the monsoon. The structure had been developed to improve connectivity between settlements in Gadchiroli and provide a more reliable route across the region. Its failure has once again brought attention to the vulnerability of transport links in remote areas during periods of heavy rainfall and flooding.Read more

10 Aug 2026

The Jaipur Development Authority (JDA) has temporarily suspended its enforcement drive against commercial establishments operating without the required permissions in areas under its jurisdiction. The pause will remain in place for 15 days, giving affected property owners and operators an opportunity to address compliance-related issues. The move follows concerns surrounding action against establishments functioning in violation of approved land-use or development norms. The authority is expected to review the situation during the temporary period before deciding on the next course of action against properties found operating without the necessary approvals.Read more

10 Aug 2026

JLL Business Services has opened a Global Capability Centre (GCC) in Hyderabad, strengthening its operations in India and adding to the city’s growing base of global capability centres. Telangana IT and Industries Minister D Sridhar Babu inaugurated the facility, which spans 1,20,000 square feet across two floors at Prestige Sky Tech in the Financial District. The centre is JLL Business Services’ second hub in India after Gurugram and is expected to create more than 1,600 high-skilled jobs over the next two years. The facility will support JLL’s global operations through standardised processes and technology-enabled workflows.Read more

10 Aug 2026

The Appellate Tribunal under SAFEMA has disposed of appeals filed by actor K. Ramcharan Tej and former cricketer V. Chamundeshwarnath, along with two other purchasers, over villa plots in Hyderabad’s Boulder Hills that were attached in a money-laundering investigation. The tribunal found that the purchasers had paid substantial portions of the agreed consideration, but no sale deeds had been executed. However, it declined to conclusively determine whether they were bona fide purchasers or connected to the alleged wrongdoing. Their claims can now be examined by the PMLA trial court.Read more

10 Aug 2026

The West Bengal government has released the second instalment of financial assistance to more than 10.20 lakh beneficiaries under its renamed rural housing scheme, Paschim Banga Awas. Around INR 6,122 crore has been transferred directly into beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) mechanism to support house construction. The scheme, previously known as Banglar Bari, has been renamed following a fresh verification of beneficiaries. Each eligible family will receive a total financial assistance of INR 1.20 lakh, with the current instalment released only to those who have completed construction up to the lintel level. The state government has said the remaining eligible beneficiaries will receive assistance after completing the required construction stage and undergoing field verification.Read more

10 Aug 2026

Home sales across the Greater Toronto Area (GTA) continued to recover, rising for the fifth consecutive month in July, according to the Toronto Regional Real Estate Board (TRREB). Seasonally adjusted sales increased 3.2% over the previous month, reaching their highest level since September 2025. Home prices also recorded a second straight monthly increase, reflecting improving buyer confidence amid encouraging economic indicators. However, annual comparisons remained weak, with home sales, prices and new listings all declining from a year earlier, indicating that the market is still adjusting despite recent signs of recovery.Read more

Patna News Desk

10 Aug 2026

Patna Police have arrested builder Bhushan Singh in connection with five alleged cheating cases involving property transactions worth more than INR 5 crore. Singh, associated with Green Housing Society, is accused of accepting payments from multiple people after promising to provide land but allegedly failing to complete the transactions or return the money. The cases were registered at Shri Krishnapuri police station following separate complaints. Police said Singh had been asked several times to join the investigation but did not cooperate, leading investigators to obtain an arrest warrant from the court.Read more

10 Aug 2026

Allcargo Logistics reported a consolidated net profit of INR 14 crore for the first quarter of FY27, compared with a net loss in the corresponding period last year. The logistics company recorded the turnaround on the back of improved operational performance across its businesses, although revenue from operations declined year-on-year. During the quarter, the company also announced a leadership change with Dinesh Kumar Lal assuming the role of Chairman. The results reflect continued efforts to strengthen profitability while navigating changing market conditions in the logistics sector.Read more

Mumbai News Desk

10 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) is planning a facelift for Mumbai’s historic Dadar Kabutarkhana, nearly a year after the pigeon-feeding site was closed following restrictions on feeding pigeons in public spaces. The civic body proposes replacing the existing tarpaulin covering with transparent acrylic sheets, landscaping the surrounding traffic island, adding greenery and repairing adjoining pavement. The 1933-built Grade II heritage structure will retain its existing physical form, while the makeover is aimed at restoring its appearance and improving the surrounding public space.Read more

10 Aug 2026

The Maharashtra Housing and Area Development Authority (MHADA) has announced the results of its latest housing lottery, with 2,640 applicants securing affordable homes across Mumbai. The draw covers residential units under various income categories, offering homeownership opportunities in different parts of the city. The lottery is part of MHADA's ongoing efforts to expand access to affordable housing amid rising property prices in Mumbai. Successful applicants will now proceed with document verification and other formalities before taking possession of their allotted homes.Read more

Mumbai News Desk

10 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) has directed housing societies across Mumbai to remove unauthorised ramps and other encroachments built over public footpaths within one month. The initiative forms part of the civic body's 'Pedestrian First' campaign, which aims to restore footpaths for safe and uninterrupted pedestrian movement. Officials have warned that failure to comply within the stipulated deadline will invite enforcement action, with the BMC undertaking demolition of illegal structures and recovering the associated costs from the concerned societies.Read more

10 Aug 2026

Across India, some of the country’s most famous streets carry names that reflect far more than geography. Many were originally named during the colonial era and were later renamed after kings, freedom fighters and political leaders who shaped India’s identity. From New Delhi’s Kartavya Path to Chennai’s Anna Salai and Mumbai’s Chhatrapati Shivaji Maharaj Marg, these roads commemorate struggles for independence, regional pride, national integration and democratic values. Their names preserve important chapters of Indian history while reminding citizens how public spaces can become lasting symbols of a nation’s cultural and political transformation.Read more

10 Aug 2026

Hungarian real estate investment company Appeninn is evaluating a potential listing on the Warsaw Stock Exchange following its recent acquisition of 11 retail properties in Poland worth more than EUR 100 million (USD 115 million), according to a Reuters report. The transaction strengthens the company's presence in Poland and aligns with its strategy of expanding income-generating real estate assets across Central and Eastern Europe. The acquisition also increases the value of Appeninn's Polish portfolio to more than EUR 170 million, making it one of the largest retail property transactions announced in Poland this year.Read more

10 Aug 2026

The West Bengal government has expedited land acquisition for the Chalsa–Naxalbari railway line, a strategically important project located near the India-China-Bhutan tri-junction. Authorities have approved the transfer of around 380 hectares of land to facilitate construction of the corridor, which is expected to strengthen rail connectivity in North Bengal. Besides improving regional transportation, the project is considered significant for enhancing logistics and strategic mobility in the sensitive Doklam region, close to India's northern borders.Read more

10 Aug 2026

Mindspace Business Parks REIT reported a strong operational performance for the first quarter of FY2026-27, with its net operating income (NOI) rising 28 per cent year-on-year to INR 788 crore. The company also announced a distribution of INR 442 crore to unitholders and leased 0.9 million square feet of office space during the quarter. The performance was supported by healthy leasing activity, strong demand across its business parks and a largely pre-committed under-construction portfolio. The REIT also expanded its integrated campus ecosystem by launching two new office projects and two hotel developments.Read more

10 Aug 2026

ITC Hotels plans to expand its operating portfolio to 250 properties with more than 22,000 keys over the next five years, supported by a pipeline of 78 hotels with over 8,000 keys. The company is following an asset-right strategy that combines investments in owned properties with management contracts and acquisitions. New developments are planned in Puri, Visakhapatnam and Delhi, while the Bhubaneswar hotel is being expanded. ITC Hotels is also adding properties across Kerala, Ahmedabad, Ayodhya, Bodh Gaya, Gandhinagar, Guwahati, Jaipur, Rajgir, Shahjahanpur and Shirdi as it widens its presence across business, leisure and pilgrimage markets.Read more

10 Aug 2026

Beijing has deployed 72 robotic employees across its municipal parks this summer to undertake tasks such as cleaning, patrolling, visitor assistance, pest detection and promoting compliance with park regulations. According to state-run Beijing Daily, the robots are helping park authorities improve operational efficiency by supporting routine maintenance and visitor management across public green spaces.The deployment is part of China's broader push to integrate robotics into public services under its national "Robot Plus" strategy. The initiative reflects the country's efforts to address an ageing population, labour shortages and growing demand for AI-driven automation in urban management.Read more

10 Aug 2026

Signature Global reported a consolidated net loss of INR 16.52 crore for the first quarter of the current financial year, compared to a net profit of INR 34.43 crore in the corresponding period last year. The decline came as the company's total income dropped to INR 611.72 crore from INR 898.35 crore a year earlier. The Gurugram-based developer has been actively expanding its residential portfolio in recent years and remains one of the country's leading listed real estate companies despite the weaker quarterly financial performance.Read more

Mumbai News Desk

10 Aug 2026

Demolition of structures in Dharavi's Meghwadi area triggered protests after civic authorities began clearing houses as part of the Dharavi Redevelopment Project. Residents and local groups alleged that some families were evicted despite concerns over rehabilitation eligibility and relocation, leading to tensions at the site. During the unrest, a project office linked to the redevelopment initiative was stormed and damaged by protestors. Authorities deployed police to restore order and continued the demolition drive, while officials maintained that the exercise was being carried out in accordance with the approved redevelopment plan.Read more

10 Aug 2026

Afcons Infrastructure has secured the Letter of Acceptance from the Brihanmumbai Municipal Corporation for the design and construction of a desalinated water conveyance tunnel connecting the proposed pumping station at Manori to Charkop and Mahavir Nagar in Kandivali. Valued at INR 1,918 crore, including GST and operations and maintenance, the project is aimed at strengthening Mumbai's long-term water supply network. The company said the project adds to its portfolio of major water infrastructure works, including ongoing tunnel and water supply projects for BMC, CIDCO and other government agencies in India and overseas.Read more

10 Aug 2026

Realty major DLF Ltd has set a target of achieving INR1 lakh crore in housing sales over the next four to five years, averaging around INR 20,000 crore annually, as it continues to expand its premium residential portfolio.The company said it will maintain its strategic focus on the luxury housing segment, where demand has remained strong across key markets.Despite owning around 50 million sq ft of commercial office and retail assets, DLF has no immediate plans to monetise the portfolio through a Real Estate Investment Trust (REIT).The company believes its existing business strategy and recurring rental income from commercial assets provide sufficient long-term value without the need for a REIT listing at present.Read more

10 Aug 2026

The Pune Municipal Corporation (PMC) has urged prospective homebuyers to verify all statutory approvals before purchasing properties in the city's newly merged villages, warning against illegal constructions lacking development permissions. The advisory comes amid a rise in unauthorised residential projects in the 23 villages merged into PMC limits, where several buildings have been constructed without mandatory civic approvals.PMC said buyers who purchase such properties may face legal, financial and civic service-related challenges, as unauthorised structures are not eligible for regular municipal permissions or essential services.The civic body has intensified enforcement against illegal developments and advised citizens to verify sanctioned building plans and approvals with the municipal authorities before completing any transaction.Read more

10 Aug 2026

The SVAMITVA Scheme has facilitated the disbursement of 11,147 loans worth INR 1,713 crore against rural property cards issued under the programme, according to the Ministry of Panchayati Raj.The scheme uses drone surveys and Continuously Operating Reference Stations (CORS) technology to map rural inhabited (abadi) areas, create accurate property records and reduce land-related disputes.As of now, drone surveys have been completed in 3.30 lakh villages, with the generated geospatial data being integrated into the Gram Manchitra platform for village-level planning and governance.The update was shared by Union Minister Rajiv Ranjan Singh (Lalan Singh) in a written reply in the Rajya Sabha on August 5, 2026.Read more

10 Aug 2026

The Union Cabinet has approved the development of the 135.871-km, four-lane access-controlled Guwahati–Tezpur Corridor on National Highway-15 in Assam at an estimated cost of INR 8,970.20 crore. The project will be executed under the build-operate-transfer (BOT) toll model and includes major road infrastructure such as bypasses, bridges, flyovers and an emergency landing facility. Once completed, the corridor is expected to reduce travel time, improve road safety, strengthen connectivity to industrial, tourism and logistics hubs, and support economic growth across Assam and neighbouring Arunachal Pradesh.Read more

10 Aug 2026

The Bhubaneswar Municipal Corporation (BMC) has issued notices to 4,632 residential property owners found to be using their premises for commercial purposes without the required approvals. The action is part of a wider enforcement drive against unauthorised constructions and land-use violations, following directions from the Supreme Court and the Odisha government's Housing and Urban Development Department. Property owners have been asked to submit valid approvals within a month, failing which the civic body may initiate legal action, including sealing of premises.Read more