22 minutes ago

The structural issue at SNN Raj Etternia in Bengaluru has brought attention to differing claims regarding the geotechnical assessment conducted for the affected residential tower. The developer has announced plans to rebuild 49 apartments after identifying structural concerns in the 18-storey building, while discussions continue over the findings of soil-related investigations. The case has highlighted the importance of accurate geotechnical studies, construction quality monitoring and safety evaluations in high-rise developments, particularly as Bengaluru continues to witness rapid expansion in residential projects.Read more

52 minutes ago

Irish energy distributor DCC Energy has agreed to be acquired by a consortium led by U.S.-based private equity firms KKR and Energy Capital Partners in a deal valued at approximately USD 7.68 billion. The transaction reflects growing foreign interest in UK-listed companies amid relatively low market valuations. The offer includes a cash payment, a proposed final dividend and a potential additional payout linked to the sale of DCC's technology business. The company said the deal follows efforts to simplify its operations and sharpen its focus on its core energy business across Europe.Read more

Chennai News Desk

1 hour ago

The Airports Authority of India (AAI) is progressing with the modernisation of Chennai International Airport, with the remaining works expected to be completed by December 2026. The infrastructure upgrade is designed to expand passenger handling capacity, improve operational efficiency and enhance passenger facilities. Despite delays caused by the pandemic and adverse weather, the project has advanced significantly. Once fully completed, the expanded airport is expected to strengthen Chennai's position as a major aviation hub in southern India and support future growth in domestic and international air traffic.Read more

Chennai News Desk

1 hour ago

Real estate developers in Chennai have sought clarification from the Chennai Metropolitan Development Authority (CMDA) regarding the implementation of Floor Space Index (FSI) provisions under the city's Transit-Oriented Development (TOD) policy. Industry stakeholders have requested greater clarity on the applicability of premium FSI along metro corridors to ensure consistent project approvals and planning. The outcome is expected to influence future residential and commercial developments while supporting efficient land use around Chennai Metro's expanding transit network.Read more

Pune News Desk

2 hours ago

The Pune Municipal Corporation (PMC) has identified 12 priority road projects that it plans to complete over the next year to strengthen the city's road connectivity and ease congestion. The initiative focuses on constructing long-pending "missing links" that interrupt traffic flow across several neighbourhoods. By completing these stretches, the civic body aims to reduce travel time, improve connectivity between major corridors and create a more efficient urban road network while addressing bottlenecks caused by incomplete infrastructure.Read more

2 hours ago

Fresh supply of retail space in shopping malls across India's seven major cities declined 57 per cent during the first half of 2026, mainly due to construction delays, rising land costs and approval-related challenges, according to Anarock. Despite lower new completions, leasing activity remained strong, reflecting sustained retailer demand for Grade A mall spaces. Vacancy levels also continued to decline, indicating limited availability of quality retail assets. The consultancy noted that supply has consistently lagged demand over the past few years, highlighting the structural challenges involved in developing large-format shopping malls.Read more

3 hours ago

The CATL-Stellantis battery gigafactory in Spain will employ an average of 1,000 Chinese workers during its construction phase, with the number expected to peak at 1,700 depending on visa and work permit approvals. The joint venture, Contemporary Star Energy (CSE), has also committed to training 4,000 workers from Spain's Aragon region to operate the facility once it reaches full capacity. Construction is progressing after receiving all required approvals, while commercial production is now expected to begin in the first few months of 2027, later than the earlier target of the end of 2026.Read more

3 hours ago

Indian banks have mobilised nearly USD 32 billion under the Reserve Bank of India's dollar inflow schemes introduced in June, according to RBI Governor Sanjay Malhotra. The inflows are expected to strengthen India's balance of payments, with the bulk coming through the Foreign Currency Non-Resident (FCNR) deposit scheme. The RBI also noted that tax changes helped attract around USD 7 billion into debt markets through foreign portfolio investments. The central bank maintained its stance on the rupee, interest rates and inflation, while highlighting potential risks from food and fuel prices.Read more

4 hours ago

Battery manufacturer Highstar has introduced a battery cell portfolio designed for artificial intelligence data centres (AIDCs), targeting power backup and energy storage across multiple infrastructure layers. Announced at the 2026 GGII Energy Storage Industry Summit in China, the solution includes battery cells for uninterruptible power supply (UPS), high-voltage direct current (HVDC) systems, battery backup units (BBUs) and grid-side energy storage. The company said the portfolio combines lithium-ion and sodium-ion technologies to address increasing power density, thermal management and lifecycle requirements associated with AI-driven computing infrastructure. Highstar also participated in the launch of an industry report on AIDC power supply development and received recognition for its contribution to energy storage technologies.Read more

4 hours ago

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) registered 143 real estate projects with a combined estimated investment of INR 31,952 crore during the first half of 2026. The registrations reflect sustained development activity across the state's residential market, supported by regulatory oversight and continued developer participation. The trend indicates steady investor confidence, expanding housing supply and the growing role of RERA in promoting transparency, accountability and organised growth in Uttar Pradesh's real estate sector.Read more

5 hours ago

Strata has invested INR 96 crore across residential developments in Chennai and Bengaluru, marking its continued expansion into professionally managed residential real estate investments. The investment has been deployed through projects in two of South India's strongest housing markets, reflecting sustained demand for structured investment opportunities in the residential sector. The move also highlights the growing role of technology-driven investment platforms in broadening access to institutional-quality real estate assets for a wider investor base.Read more

5 hours ago

The Municipal Corporation of Manesar (MCM) has started a survey to identify paying guest (PG) accommodations and guest houses operating from residential areas without permission. The exercise aims to verify whether such properties comply with zoning rules, building regulations and taxation norms. Officials said the mapping will help prepare a comprehensive database before action is taken against violations. The move follows MCM's broader efforts to regulate commercial activities in residential properties, improve civic oversight and address complaints related to unauthorised establishments operating across the city's rapidly developing residential sectors.Read more

6 hours ago

Retail Estates NV reported improved financial performance for the first quarter of its 2026-2027 financial year, supported by higher rental income and stronger earnings. Net rental income increased by 4.04% year-on-year to EUR 37.85 million, while EPRA earnings rose 7.68% to EUR 24.13 million. The company's occupancy rate remained stable at 97.71%, reflecting continued demand across its retail property portfolio. Retail Estates also maintained its expected gross dividend of EUR 5.25 per share for the financial year, indicating confidence in its operational performance and cash flow outlook.Read more

6 hours ago

The Odisha government has initiated the process to appoint a new Member (Administration) to the Odisha Real Estate Regulatory Authority (ORERA), following a vacancy that has remained unfilled for more than two months. The move comes at a time when the Odisha Real Estate Appellate Tribunal (OREAT) is also functioning without a chairperson, raising concerns among homebuyers, developers and legal experts over delays in hearings and dispute resolution. Stakeholders have welcomed the appointment process and stressed the need to restore the full strength of both regulatory bodies to ensure timely disposal of real estate cases.Read more

7 hours ago

Chhattisgarh has recorded a sharp increase in property registrations in women’s names following the state government’s decision to reduce registration charges for female buyers. The 50% fee reduction initiative, introduced to promote women’s ownership of immovable assets, has encouraged more families to register residential and land properties under women’s names. The rise reflects the impact of financial incentives on property ownership trends and highlights the growing role of women in the state’s real estate market. The policy is also aimed at supporting economic empowerment through asset creation.Read more

7 hours ago

Om Freight Forwarders Ltd has commenced commercial operations at its newly developed warehouse in Maharashtra, strengthening its logistics and warehousing network. The new facility, located in Raigad district, is expected to support the company's integrated supply chain services and marks the beginning of its Fourth Party Logistics (4PL) offerings alongside its existing Third Party Logistics (3PL) business. The expansion is part of the company's long-term strategy to enhance warehousing infrastructure, improve service capabilities, and meet growing demand from domestic and international customers.Read more

Pune News Desk

8 hours ago

The Pune Municipal Corporation (PMC) has officially taken over the Pune Metropolitan Region Development Authority's (PMRDA) flagship town planning (TP) schemes after nearly eight years of planning and administrative processes. The transfer follows the inclusion of 23 villages into PMC limits, bringing the planning and implementation of these schemes under the civic body's jurisdiction. The move is expected to streamline approvals, infrastructure planning and project execution while ensuring better coordination between urban planning and civic development in the newly merged areas.Read more

8 hours ago

Bank of India reported a strong financial performance in the first quarter of FY27, with consolidated net profit rising 80.51 per cent year-on-year to INR 3,302.58 crore, supported by higher non-interest income and steady growth in core banking operations. The state-owned lender also recorded healthy growth in advances and deposits while further improving its asset quality. The bank expects continued business growth during the current financial year, supported by a strong corporate loan pipeline, higher retail lending, and mobilisation of FCNR(B) deposits under the Reserve Bank of India's special window.Read more

9 hours ago

State-owned NBCC (India) Ltd has secured project management consultancy (PMC) contracts worth about INR 109 crore for infrastructure projects in Jammu & Kashmir and Odisha. The assignments include the construction of a horticulture laboratory complex in Srinagar and hostel facilities at educational institutions in Odisha. The new orders strengthen NBCC's project portfolio in the public infrastructure segment and reflect continued government investment in research and education-related facilities.Read more

9 hours ago

The Mysuru district administration has directed authorities to shut down illegal homestays operating without valid approvals following a recent assault case involving a tourist that raised concerns over safety and regulatory compliance. The administration has asked officials from the tourism and other departments to identify unregistered properties and initiate action against them. The move is aimed at improving oversight of accommodation facilities, ensuring compliance with licensing norms and strengthening safety measures for visitors. The crackdown is also part of a broader effort by Karnataka to tighten monitoring of the homestay sector.Read more

10 hours ago

The Union Cabinet has approved a multi-tracking railway project worth INR 1,264 crore to strengthen the Ballari-Guntakal corridor spanning Karnataka and Andhra Pradesh. The project will add around 46 km of railway lines, improve network capacity, ease congestion and support faster movement of passengers and freight. Scheduled for completion by 2028-29, the initiative is expected to enhance connectivity for nearly seven lakh people across 99 villages while supporting industrial logistics and regional economic development.Read more

10 hours ago

UltraTech Cement is planning its largest-ever rupee-denominated bond issue as it looks to raise INR 50 billion from the domestic debt market ahead of the Reserve Bank of India's monetary policy announcement scheduled for August 5. The proposed fundraising will be spread across three maturities and is expected to attract institutional investors due to its AAA credit rating. The move comes after the company reported a strong first-quarter performance and continues its strategy of maintaining financial flexibility while supporting business growth and managing its debt obligations.Read more

28 Jul 2026

HDFC Bank's board has imposed a monetary penalty of INR 1 lakh each on Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra over deviations from Reserve Bank of India (RBI) directions in the Maharashtra State Road Development Corporation (MSRDC) matter. The board said the actions stemmed from business overreach rather than any mala fide intent or personal gain. Warning letters were also issued to other employees involved, and the matter has been communicated to the RBI as part of the bank's regulatory compliance process.Read more

28 Jul 2026

Digital Realty Trust has raised its full-year adjusted funds from operations (FFO) and revenue forecasts after reporting stronger-than-expected second-quarter earnings, supported by sustained demand for data centre capacity from cloud computing and artificial intelligence (AI) customers. The US-based real estate investment trust (REIT) posted a 29% year-on-year increase in quarterly revenue to USD 1.92 billion, exceeding market estimates, while adjusted FFO also surpassed analyst expectations. The company continues to expand its global data centre footprint and is progressing with a USD 3.5 billion acquisition of a larger stake in three data centres in Northern Virginia, reinforcing its presence in the world's largest data centre market.Read more

Indore News Desk

28 Jul 2026

The Indore Municipal Corporation (IMC) has demolished eight dilapidated houses along Jeevan Rekha Marg as part of its ongoing drive to remove unsafe structures during the monsoon. The action was taken after officials identified the buildings as dangerous and at risk of collapse, posing a threat to residents and commuters. The demolition is also expected to support an ongoing road connectivity project in the area. The civic body said it will continue surveying old and unstable buildings across the city to prevent accidents and improve public safety.Read more

Pune News Desk

28 Jul 2026

Pune Metro Line 3 has achieved a major milestone after the Commissioner of Metro Rail Safety (CMRS) approved the first 13-km section of the corridor for passenger operations. The cleared stretch connects Maan with the R.K. Laxman Museum station forms part of the 23-km Hinjewadi-Shivajinagar Metro line. With the mandatory safety certification now secured, the project has entered its final operational stage, and commuter services are expected to begin after the completion of statutory and administrative formalities.Read more

28 Jul 2026

Searah, the joint venture between Italy's Eni and Malaysia's Petronas, has begun constructing a Floating Production, Storage and Offloading (FPSO) vessel for its USD 11.8 billion North Hub gas project in Indonesia. The facility will process production from the Geng North and Gehem gas fields in the Kutai Basin. The project is expected to begin production in 2028, with a planned output of 1 billion cubic feet of gas and 80,000 barrels of condensate per day. Around USD 2.9 billion has been allocated for the FPSO's development.Read more

Mumbai News Desk

28 Jul 2026

The Ministry of Defence has declined to transfer a parcel of defence land required for the proposed mega rail terminus at Kandivali, creating a fresh hurdle for the infrastructure project. The land was considered crucial for the planned terminal, which is intended to decongest Mumbai's existing railway stations and improve suburban and long-distance rail operations. The decision is expected to prompt railway authorities and the Maharashtra government to explore alternative solutions for advancing the project.Read more

Mumbai News Desk

28 Jul 2026

Prestige Group has acquired a 2.35-acre land parcel in Mulund (West), Mumbai, for INR 110.75 crore, reinforcing its long-term expansion strategy in India's largest residential property market. The acquisition is expected to complement the developer's existing presence in the suburb and create additional development opportunities. The transaction highlights continued developer interest in well-connected suburban micro-markets, where demand for integrated residential projects and premium housing remains strong.Read more

28 Jul 2026

An IndiGo flight travelling from Dubai to Mumbai made a precautionary emergency landing at Rajkot International Airport after suspected smoke was detected in the aircraft's cargo hold. The flight, carrying 194 passengers and crew members, landed safely after airport authorities declared an emergency. All passengers were evacuated without any injuries, while the airline's technical team began inspecting the aircraft to determine the source of the smoke. Officials confirmed there was no fire on board, and the incident was handled according to standard aviation safety procedures.Read more

28 Jul 2026

Housing and Urban Development Corporation Ltd (HUDCO) reported a 35% year-on-year increase in its net profit to INR 851 crore for the first quarter of FY27, supported by higher interest income and growth in total income. The state-owned housing and infrastructure financing company also announced its first interim dividend of INR 1.25 per equity share. During the quarter, HUDCO raised INR 2,140 crore through privately placed listed non-convertible debt securities, while its loan impairment provisions declined sharply under the expected credit loss framework, reflecting an improvement in its overall credit provisioning position.Read more

28 Jul 2026

Sport Clubs Company SCJSC has signed a land lease agreement to establish two new sports clubs in Khamis Mushait, marking another step in its network expansion. The contract is valued at SAR 22.8 million. The development is expected to strengthen the company's presence in the region by adding new fitness and sports facilities. The agreement aligns with the company's ongoing growth strategy as it continues to expand its footprint across Saudi Arabia to cater to rising demand for organised fitness and wellness services.Read more

28 Jul 2026

Realty developer Parsvnath has deposited INR 2.9 crore with the Supreme Court in a case involving a homebuyer who waited 13 years for possession of a flat. The deposit follows directions issued by the court while hearing the developer's plea seeking relief from restrictions imposed in connection with the matter. The case highlights continuing judicial scrutiny of prolonged delays in housing projects and reinforces the importance of timely delivery and compensation for affected homebuyers.Read more

28 Jul 2026

ChennaiProperties.com has launched a new integrated brand campaign, Chennai-na… ChennaiProperties.com Dhaan, aimed at strengthening its connection with homebuyers by celebrating the city's culture and identity. Instead of focusing on property prices or projects, the campaign highlights iconic elements associated with Chennai and links them to the home-buying journey. Rolled out across Chennai Metro stations, trains, FM radio, digital platforms and social media, the initiative reflects the platform's hyperlocal approach. The company said the campaign also reinforces its long-standing presence in helping people buy, sell and rent properties across Chennai.Read more

28 Jul 2026

Cube Highways Trust's INR 5,000 crore Infrastructure Investment Trust (InvIT) public issue witnessed strong investor demand, with the offer being subscribed 9.35 times by the close of bidding. Institutional investors led the response, while the trust had already secured investments from anchor and strategic investors before the issue opened. The public issue is entirely an Offer for Sale as the trust moves from a privately listed to a publicly listed InvIT. Following the allotment process, the units are expected to be listed on the BSE and NSE in early August.Read more

Pune News Desk

28 Jul 2026

Pune Police have launched an investigation into an alleged property fraud involving the use of forged documents purportedly issued by the Pune Metropolitan Region Development Authority (PMRDA) and the Pune Municipal Corporation (PMC). A case has been registered against 22 individuals for allegedly using fabricated approvals and records during property transactions. The investigation aims to uncover the extent of the fraud, identify those responsible for preparing the forged documents and strengthen safeguards against document-related malpractice in the real estate sector.Read more

28 Jul 2026

Amaravati Growth & Infrastructure Corporation Limited (AGICL) has awarded Larsen & Toubro (L&T) the Letter of Award (LOA) for the final-phase works of the Non-Gazetted Officers (NGO) Housing Towers in the Amaravati Government Complex. The contract, valued at INR 83.99 crore, covers the construction of sewage treatment plants, compound walls and other finishing works. L&T secured the project as the lowest (L1) bidder. The award marks another step towards completing the residential infrastructure developed for government employees in Amaravati, the greenfield capital city of Andhra Pradesh.Read more

28 Jul 2026

Seven Hills Realty Trust has closed a USD 24.3 million first mortgage loan to refinance Kimball on Main, a retail property in Park City, Utah. The asset is located in the city's historic Main Street shopping district and benefits from steady tourist activity, strong tenant demand and limited scope for new development due to zoning restrictions. The loan carries a three-year initial tenure with two one-year extension options, subject to conditions. The transaction also reflects the REIT's continued focus on financing income-generating commercial real estate in established markets.Read more

Mumbai News Desk

28 Jul 2026

Mumbai's Sewri-Worli Elevated Connector is expected to miss its earlier completion target, with the project now likely to open in early 2027. The revised timeline reflects delays in executing critical engineering works on one of the city's most significant road infrastructure projects. Once operational, the connector will provide a direct link between the Mumbai Trans Harbour Link (Atal Setu), the Bandra-Worli Sea Link and the Coastal Road, improving east-west connectivity and easing traffic movement across Mumbai.Read more

28 Jul 2026

Shriram Finance reported a 60% year-on-year rise in net profit for the first quarter of FY27, supported by strong growth in net interest income, higher other income and an improvement in net interest margin (NIM). The company attributed the margin expansion partly to the capital infusion following MUFG's stake acquisition, which helped lower its cost of funds. While loan disbursements and assets under management (AUM) continued to grow at a healthy pace, the lender flagged possible pressure on the rural economy due to below-normal rainfall in parts of central India, which could affect demand in some lending segments.Read more

28 Jul 2026

The Uttar Pradesh Housing and Development Board (UPHDB) has initiated the demolition process for 44 sealed properties in Meerut's Shastri Nagar Residential Scheme No. 7 in compliance with a Supreme Court order issued earlier this month. Property owners will receive 15-day notices before demolition begins if unauthorised structures are not removed voluntarily. The action forms part of a wider exercise covering 859 properties, including EWS and low-income housing, with further surveys planned across the city to identify additional violations.Read more

28 Jul 2026

A new report by the Resolution Foundation has urged the UK government to adopt a revised funding and policy approach to achieve its goal of delivering the largest council and social housing programme since the Second World War. The think tank has recommended directing the government's long-term housing funding exclusively towards social rent homes, easing social housing obligations for private developers during weak market conditions, and offering low-cost loans to housing associations. It said these measures could modestly increase the supply of low-rent homes, although significantly higher public investment would still be required to address the country's housing shortage.Read more

28 Jul 2026

The Central government has introduced a new authorisation framework for telecommunication infrastructure providers, making it mandatory for all telecom network data, logs and related information to be stored only within India. The rules apply to a wide range of infrastructure providers, including cloud-hosted telecom networks, mobile towers, satellite gateways and internet exchange points. The framework, issued under the Telecommunications Act, 2023, also strengthens compliance monitoring powers, introduces provisions for cloud-based telecom infrastructure and is expected to boost demand for domestic data centres while raising concerns over spectrum allocation for private satellite gateway operators.Read more

28 Jul 2026

Flipkart has partnered with the Department of Posts to strengthen its parcel delivery network across India by leveraging India Post's extensive presence of more than 1.6 lakh post offices. The collaboration will support last-mile deliveries for prepaid and cash-on-delivery orders in urban, semi-urban and rural areas, including remote locations. The partnership is expected to improve serviceability, delivery efficiency and market reach. It also reflects the growing role of India Post in supporting e-commerce logistics, following a similar agreement signed with Amazon India in the past.Read more

28 Jul 2026

Mahindra Lifespace Developers Ltd reported a strong start to FY27, with residential sales bookings more than doubling to INR 925 crore during the June quarter, supported by sustained housing demand. The company also recorded higher customer collections, expanded its project launches, and handed over 957 homes during the quarter. Alongside robust operational performance, Mahindra Lifespace posted significant growth in revenue and net profit. The developer continues to strengthen its residential portfolio while expanding its integrated developments and industrial clusters across multiple locations in India.Read more

28 Jul 2026

V-Mart Retail reported a 40.5% year-on-year increase in net profit for the first quarter of FY27, supported by improved operating performance and strong revenue growth. Revenue from operations rose 23% during the quarter, while total income also recorded healthy growth. The value retailer continued its expansion by opening 15 new stores and closing one underperforming outlet. With 591 stores spread across 50 lakh square feet of retail space, the company maintained its focus on strengthening its presence across India despite higher operating expenses.Read more

28 Jul 2026

The Union Budget 2026-27 places strong emphasis on infrastructure-led growth beyond India's metropolitan centres, with higher capital expenditure and a new City Economic Region (CER) framework aimed at accelerating development in Tier-2 and Tier-3 cities. While the Budget prioritises transport, urban infrastructure and governance reforms, it stops short of announcing fresh tax incentives for homebuyers or granting infrastructure status to the real estate sector. Here are five major developments that could shape the future of India's emerging urban centres.Read more

28 Jul 2026

Sri Lanka's stock market closed marginally higher after gains in information technology and real estate stocks lifted investor sentiment. The CSE All-Share Index advanced 0.24%, while SMB Finance PLC and Carson Cumberbatch PLC emerged as the top gainers. Despite the positive close, trading activity declined sharply, with both share volumes and market turnover falling from the previous session. Foreign investors remained net sellers, whereas domestic investors continued to support the market through net purchases, according to exchange data.Read more

28 Jul 2026

The Securities and Exchange Board of India (Sebi) has imposed penalties totalling INR 7.5 crore on 21 entities, including former Axis Mutual Fund fund manager Viresh Joshi, in a front-running case linked to trades executed between September 2021 and March 2022. The regulator has also barred the entities from accessing the securities market for up to seven years, directed the disgorgement of INR 30.56 crore along with 12 per cent annual interest, and concluded that the accused worked in coordination to misuse confidential trading information, compromising market integrity and investor confidence.Read more

28 Jul 2026

The Comptroller and Auditor General (CAG) has reported that the West Bengal Industrial Development Corporation Limited (WBIDCL) incurred a loss of INR 12.86 crore while allotting land to Instakart Services, the logistics arm of Flipkart, at Haringhata Industrial Park in Nadia district. The audit found that the corporation calculated the lease premium using the total acquired land area instead of the actual developable land, contrary to its own pricing policy. The report, tabled in the West Bengal Assembly, states that the pricing overlooked nearly 56 acres of water bodies that were unsuitable for industrial development. The state government defended the pricing methodology, but the auditor maintained that the allotment resulted in a financial shortfall for the state's industrial development agency.Read more