18 minutes ago

A 13-year-old girl died after a balcony slab collapsed at a residential building in Mumbra, Thane district, while five others were rescued from the debris with injuries. The incident occurred in a nearly four-decade-old structure, prompting emergency response teams to evacuate residents and inspect the building's condition. Authorities have launched an investigation into the cause of the collapse, once again drawing attention to the structural safety of ageing residential buildings in the Mumbai Metropolitan Region.Read more

48 minutes ago

Poland's modernist port city of Gdynia has been added to UNESCO's World Heritage List during its centenary year, recognising its unique urban planning and architectural heritage. Developed almost entirely from scratch between the two World Wars, the city symbolised Poland's efforts to establish a major seaport after regaining independence. The recognition highlights Gdynia's well-preserved modernist architecture, maritime identity and historical significance. The listing also places the city among more than 1,270 UNESCO World Heritage Sites worldwide and follows recent additions such as the D-Day landing beaches in Normandy.Read more

1 hour ago

Cricketer Virat Kohli and actor Anushka Sharma have expanded their real estate portfolio with the purchase of a luxury apartment worth INR 18.29 crore in Mumbai's Versova locality. The acquisition reflects continued demand for premium residential properties in the city's western suburbs, where branded developments continue to attract high-net-worth individuals. The transaction also highlights the sustained strength of Mumbai's luxury housing market, supported by premium projects, improved infrastructure and growing interest from affluent buyers.Read more

1 hour ago

The Maharashtra government has approved infrastructure projects worth INR 47,600 crore, marking a major push towards strengthening transport connectivity and supporting long-term urban development. The investment spans multiple sectors, including roads, urban infrastructure and public transport, with projects aimed at improving mobility, reducing congestion and accelerating regional economic growth. The approvals underscore the state's continued focus on infrastructure-led development to support industrial expansion, attract investment and enhance the quality of urban infrastructure.Read more

2 hours ago

Primus Senior Living and HDFC Capital have partnered to establish a INR 2,000 crore investment platform dedicated to developing senior living communities across India. The initiative aims to expand institutional investment in a rapidly growing housing segment driven by demographic shifts and changing lifestyle preferences among senior citizens. The platform will develop ownership and rental-based projects in major cities, supporting the growth of professionally managed senior housing as an emerging asset class in India's residential real estate market.Read more

2 hours ago

Australian property group Dexus has agreed to sell three office properties in Sydney and Brisbane for a combined gross sale price of AUD 715 million (USD 500.43 million), surpassing its divestment target set for FY27. The transaction aligns with the company's strategy to streamline its portfolio amid challenging conditions in the commercial real estate market. Dexus said the assets were sold at values consistent with their independent valuations as of June 30, with the transaction expected to be completed in October, subject to customary conditions, including approval from Australia's Foreign Investment Review Board (FIRB).Read more

2 hours ago

An architect's own home is often their most personal project, a place free from client briefs, commercial pressures and conventional expectations. Across India, some of the country's most celebrated architects have transformed their residences into living laboratories of design, experimenting with climate-responsive planning, local materials, sustainability and spatial innovation. From riverfront retreats in Goa and handcrafted homes in Alibag to contemporary vertical residences in Mumbai and earth-integrated houses in Tamil Nadu, these homes reveal how architecture becomes deeply personal when designers build for themselves.Read more

3 hours ago

Poste Italiane plans to develop a 70 MW data centre in Italy's Lombardy region as part of its strategy to establish a large-scale artificial intelligence (AI) computing hub. The project comes alongside the state-backed financial group's proposed EUR 13 billion acquisition of Telecom Italia (TIM) and follows its collaboration with the telecom operator on existing data centre developments. According to the company, the project has already secured an identified site, power supplier and financing support from major Italian banks. The announcement reflects growing investment by European companies in AI infrastructure, although the region continues to lag the United States in data centre capacity and AI-related investment.Read more

3 hours ago

Radisson Hotel Group has signed 10 new hotels across seven Indian states, strengthening its presence in key metropolitan, pilgrimage and emerging tier-II and tier-III markets. The additions, announced during the second half of July, span six brands, including Radisson Blu, Park Inn by Radisson and Radisson Individuals Retreats. The expansion includes new properties in Bengaluru, Tirupati, Mathura Vrindavan, Kadapa, Jawai, Vadodara and Tadoba. The hospitality group said the signings align with its strategy of expanding through an asset-light, franchise-led model while deepening its presence in established urban markets. Radisson Hotel Group currently has more than 225 hotels operational or under development across India.Read more

3 hours ago

Large office transactions continued to dominate India's commercial real estate market during the first half of 2026, accounting for 59% of total leasing activity, according to a market report. The trend reflects sustained expansion by major occupiers, particularly Global Capability Centres (GCCs), technology firms and multinational companies seeking high-quality office space. The report indicates that large-format leasing remains a key driver of demand across leading office markets, reinforcing confidence in India's long-term commercial real estate sector.Read more

4 hours 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

4 hours 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

5 hours 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

5 hours 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

6 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

6 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

7 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

7 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

8 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

8 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

9 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

9 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

10 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

10 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

11 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

11 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

12 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

12 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

13 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

13 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

14 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

14 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