31 minutes ago

The Navi Mumbai Municipal Corporation (NMMC) observed ‘Namaste Diwas’ by distributing personal protective equipment (PPE) kits to sanitation workers in recognition of their contribution to maintaining the city's cleanliness. Speaking at the event, Mayor Sujata Patil said the initiative provided an opportunity to express gratitude towards sanitation personnel, whose efforts have contributed significantly to Navi Mumbai's ranking among India's cleanest cities. The civic body also organised health check-up camps for sanitation workers across its 26 urban health centres and reaffirmed its commitment to strengthening mechanised sanitation services and worker safety.Read more

1 hour ago

Mumbai's Bandra Kurla Complex (BKC) is set to enter a new phase of commercial office expansion, with approximately 6.5 million sq ft of Grade A office space expected to be added between 2026 and 2029, according to JLL. The upcoming supply will increase the district's Grade A office stock from 20.4 million sq ft in 2026 to 26.9 million sq ft by 2029. The expansion follows a sustained period of strong occupier demand, during which vacancy levels declined from 17% in 2021 to 5.8% in 2025. Several large commercial developments, including Sumitomo BKC, 12 Pegasus, Prestige 101 Tower X, Alpha and Labdhi BKC Edge, are scheduled for completion over the next four years, supporting BKC's continued position as one of India's leading office markets.Read more

2 hours ago

HCL Technologies (HCLTech) has approved an investment of up to INR 3,500 crore to establish AI-focused data centres in India as part of its expansion into the full-stack artificial intelligence market. The company plans to make the investment through newly formed subsidiaries and aims to develop up to 50 MW of AI data centre capacity. The move comes as India's data centre industry continues to expand due to rising AI adoption, data localisation requirements and increasing demand for high-performance computing infrastructure across businesses and government organisations.Read more

3 hours ago

SNN Raj Corp has launched SNN Raj Bay Vista, a premium residential project on Kodichikkanahalli Main Road in Bilekahalli, South Bengaluru. Spread across approximately 4.5 acres, the development comprises 234 apartments across three towers, offering two to five-bedroom homes ranging from approximately 1,235 sq ft to 4,719 sq ft. The project introduces a "Work from Nature" concept, integrating outdoor workspaces with landscaped open areas. More than 70% of the project area has been earmarked as open space, alongside over 30 lifestyle amenities. Located within the BTM Layout micro-market, the development offers connectivity to key employment centres including Electronic City, Koramangala and JP Nagar, while benefiting from established social infrastructure and planned transport upgrades in the surrounding area.Read more

18 Jul 2026

Rezolv, a renewable energy developer backed by British infrastructure investor Actis, plans to expand its renewable energy portfolio across Central and South-Eastern Europe to between 4 GW and 5 GW by 2030, up from its current pipeline of nearly 2.3 GW. The company is preparing to begin construction later this summer on the 1 GW Dama Solar project in western Romania, expected to become the European Union’s largest solar park upon completion in late 2028. Alongside project development, Rezolv has secured multiple long-term power purchase agreements and government-backed Contracts for Difference support, reflecting its strategy to balance private power sales with public incentives as demand for renewable electricity grows across the region.Read more

18 Jul 2026

Digital specialist finance marketplace Brickflow has expanded its lender panel by onboarding HBI Capital, providing brokers with direct access to the lender's bridging, development and auction finance products. Through the partnership, brokers can source loans ranging from GBP 100,000 to GBP 2 million, with individually underwritten pricing, same-day decisions in principle and privately funded lending. HBI Capital also offers free in-house valuations on qualifying loans and dual legal representation to streamline transactions. The addition increases the financing options available on Brickflow's platform, which now hosts more than 160 specialist lenders, reinforcing its focus on digitising loan sourcing and improving access to specialist property finance for brokers.Read more

18 Jul 2026

Himachal Pradesh has moved closer to the implementation of the 422 MW Kishau multipurpose hydro project after the state government reviewed the draft Memorandum of Understanding (MoU) circulated by the Centre. The state has said it supports the project while ensuring its rights remain protected. Under the revised understanding, Himachal is expected to earn around INR 600 crore annually without making any financial investment. The government has also secured water rights in the Yamuna basin and said it successfully revised the earlier draft agreement to safeguard the state's long-term interests.Read more

18 Jul 2026

Nehlia Realtors has rebranded as Nehlia Developers as part of its transition from a real estate consultancy business to a real estate development company. The company said the move marks the beginning of its expansion into residential development, plotted projects and luxury farmhouse developments. Under the new identity, Nehlia Developers plans to focus on developing residential communities with supporting infrastructure while exploring high-growth locations for future projects. The company also intends to expand its presence in the luxury farmhouse segment, targeting buyers seeking larger residential formats. Led by founder and Chief Executive Officer Ashok Nehlia and Managing Director Om Prakash Nehlia, the company said its future developments will emphasise construction quality, planned infrastructure and sustainability as it broadens its operations in North India's real estate market.Read more

18 Jul 2026

Two US Supreme Court justices made a rare appearance before Congress to seek increased security funding, citing a sharp rise in threats against members of the judiciary. Justices Amy Coney Barrett and Elena Kagan urged lawmakers to approve a nearly 10% increase in the court's budget, with officials projecting a 38% rise in threats this year after a 25% increase in 2025. Barrett disclosed that she had been issued a bulletproof vest following heightened security concerns and was recently targeted in a "swatting" incident. The hearing also touched on judicial ethics, with Kagan supporting an independent enforcement mechanism for the court's code of conduct, while Barrett expressed reservations about such a proposal.Read more

18 Jul 2026

India's luxury residential market is expanding rapidly as rising wealth, improving economic conditions and changing buyer expectations reshape demand for premium housing. Affluent purchasers are increasingly prioritising lifestyle, wellness, sustainability, technology and investment potential over conventional status-driven ownership. Growth in high-net-worth individuals, strong participation from non-resident Indians and sustained demand across cities including Gurugram, Mumbai and Hyderabad have strengthened the segment. Supported by favourable demographics, infrastructure development and increasing investor confidence, luxury housing is emerging as a resilient asset class that combines capital appreciation with long-term wealth preservation.Read more

18 Jul 2026

A court in Genoa is expected to deliver its verdict in the long-running criminal trial over the collapse of the Morandi motorway bridge in 2018, a disaster that claimed 43 lives and exposed concerns over Italy's ageing transport infrastructure. The proceedings involve 57 defendants, including former executives of motorway operator Autostrade per l'Italia, engineers, and former transport ministry officials, all of whom have denied wrongdoing. Prosecutors have sought prison terms of up to 18-and-a-half years for the most serious charges. The case has become a symbol of accountability for infrastructure failures and the pace of Italy's criminal justice system. Autostrade has apologised for the tragedy and reiterated its commitment to preventing a similar incident in the future.Read more

18 Jul 2026

Umiya Buildcon Limited has reported its financial results for the quarter ended June 2026, with strong growth in its products business offsetting softer performance in its solutions division, while its real estate operations remained broadly stable. The company recorded revenue of INR 435.98 lakh from its real estate segment, up marginally from the corresponding quarter last year. Revenue from the products business rose sharply to INR 900.29 lakh, supported by demand from telecom, enterprise and government customers despite continued global electronics supply chain constraints. The solutions segment posted lower revenue during the quarter. Ongoing real estate developments at Umiya Bricklane and Umiya Prism continued as scheduled, while the company maintained that it remains focused on project execution, indigenous technology development and long-term business growth.Read more

18 Jul 2026

Mumbai's Eastern Suburbs are witnessing parallel growth in residential and commercial real estate, supported by infrastructure upgrades, decentralised office demand and continued developer investment. Covering micro-markets such as Chembur, Ghatkopar, Vikhroli, Kanjurmarg and Bhandup, the corridor is attracting occupiers seeking alternatives to established business districts including Bandra Kurla Complex (BKC), Lower Parel and Powai. According to CBRE, Mumbai recorded around 9.8 million sq ft of gross office leasing in 2025, while reports by Knight Frank India and ANAROCK indicate sustained residential demand in infrastructure-led suburban markets. Improved connectivity through the Eastern Freeway, Santacruz-Chembur Link Road, Eastern Express Highway, Mumbai Monorail and the upcoming Metro Line 2B is supporting this transition, with developers increasing investments across residential, commercial and mixed-use projects in the region.Read more

18 Jul 2026

Aditya Birla Renewables Ltd. (ABReN), a subsidiary of Grasim Industries, has signed a definitive agreement to acquire Spring Energy from Shell in a transaction valued at INR 17,200 crore (approximately USUSD 1.8 billion), marking one of India's largest renewable energy acquisitions. The deal will add around 5 GW of contracted renewable energy capacity to ABReN's portfolio, taking its total capacity to 9.3 GW. The acquisition will be funded through a mix of debt, equity from Grasim Industries and investment from funds managed by Global Infrastructure Partners (BlackRock). Subject to regulatory approvals, the transaction is expected to close before the end of calendar year 2026.Read more

18 Jul 2026

Experts from government agencies, state authorities, academia and the infrastructure sector convened in New Delhi during the past week to review draft policy guidelines aimed at incorporating climate adaptation into the planning, design, construction and maintenance of India's National Highway network. Organised under the HighCAP project by the National Institute of Disaster Management with support from the Ministry of Road Transport and Highways, the workshop examined a policy framework intended to strengthen the resilience of highways against climate-related hazards. The draft is based on vulnerability assessments conducted across 30 study sites spanning nearly 2,000 km of national highways in diverse climatic and geographical regions. Feedback gathered during the consultation will be used to refine the policy before it is submitted for adoption, supporting the development of a safer and more climate-resilient road network.Read more

18 Jul 2026

Blue Tokai Coffee Roasters will open a new café at Vihang Ventura, a commercial development in Mira Road being developed by Vihang Ahead. The outlet will become the speciality coffee chain's second café in the Mira Road market and is among the anchor retail brands signed for the mixed-use commercial project. Located opposite the Kashigaon Metro Station, Vihang Ventura has been planned as a destination for retail, office space and food and beverage outlets. The addition of Blue Tokai forms part of the developer's retail leasing strategy as it seeks to attract established national brands to the project. Blue Tokai currently operates more than 258 locations across seven Indian cities and said the new outlet reflects its continued expansion into emerging suburban markets with growing residential and commercial activity.Read more

18 Jul 2026

India generated the highest share of international online search traffic for Dubai's residential property market during the past three months, according to data released by UAE-based real estate brokerage fäm Properties. Indian users accounted for 20.59% of overseas search activity, followed by the United Kingdom at 13.26% and Egypt at 12.60%. The analysis, which excludes UAE-based traffic, identifies online search behaviour as an early indicator of international buyer interest rather than confirmed transactions. The United States, Pakistan, Saudi Arabia, Australia, Germany, France and Canada also featured among the top 10 countries, while China and Russia ranked outside the leading positions despite their established presence in Dubai's property market.Read more

18 Jul 2026

Alliance City Developers Realtors Pvt. Ltd. has announced that its luxury residential redevelopment project, Alliance Sea Breeze, in Santacruz West, Mumbai, has entered the final stage of construction, with possession targeted by the end of 2026. Launched in October 2024, the nine-storey project comprises four-bedroom residences and has been constructed using Mivan (aluminium formwork) technology, a system more commonly adopted in large-scale high-rise developments. Located on East Cross Lane, the redevelopment project offers connectivity to Santacruz railway station, the domestic airport and key commercial and social infrastructure. The developer said the project forms part of its broader redevelopment portfolio across Mumbai. Since its inception in 2010, Alliance City Developers has undertaken 19 redevelopment projects, completed 14 developments and delivered more than 1.2 million sq ft of residential space to over 700 families.Read more

18 Jul 2026

India's urban growth has been shaped not only by expanding cities but also by large residential townships designed as self-contained communities. Developed across thousands of acres, these projects brought together housing, schools, hospitals, workplaces and recreational spaces within a single master plan. Some emerged from industrial needs, while others were created to accommodate rising populations and changing lifestyles. From company towns to modern mixed-use developments, these townships have played an important role in redefining urban living and influencing the country's real estate landscape.Read more

18 Jul 2026

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma across its development and redevelopment projects, as part of its digital transformation strategy. The cloud-based, AI-enabled platform will strengthen the company's Building Information Modelling (BIM) workflow by supporting data-driven planning, environmental simulations and stakeholder collaboration from the early stages of project development. MicroGenesis has been appointed as the implementation partner for the rollout. The initiative aims to improve project coordination, planning efficiency and decision-making by creating a unified digital ecosystem that integrates design, planning and execution across the project lifecycle.Read more

18 Jul 2026

Wistron Corp's Vietnam subsidiary has signed a civil engineering contract valued at 1.7718 trillion Vietnamese dong (around USD 67.47 million) to build new manufacturing plants and warehouses in Vietnam. The investment is part of the Taiwanese electronics manufacturer's ongoing expansion in the country as it strengthens its production base outside China. The project is expected to support Wistron's manufacturing capacity and long-term business growth in Vietnam, which has become an important hub for global electronics and technology companies.Read more

18 Jul 2026

Wheels India Ltd has approved a proposal to raise up to INR 400 crore through the issuance of equity shares and other eligible securities in one or more tranches. The Board of Directors cleared the fundraising plan at its meeting held on July 10, authorising a committee to determine the timing, pricing and terms of the issue. The company may raise capital through domestic or international offerings, including qualified institutional placements, preferential allotments, rights issues and private placements. Wheels India reported a net profit of INR 139 crore on revenue of INR 5,124 crore in the previous financial year.Read more

18 Jul 2026

India's industrial and warehousing sector recorded approximately 21.9 million sq ft of Grade A leasing across the top eight cities during the first half of 2026, reflecting a 12% year-on-year increase, according to Colliers. Delhi NCR and Chennai together contributed more than 45% of the total absorption, while third-party logistics (3PL) companies remained the largest occupier segment, accounting for 30% of leasing activity. Engineering and e-commerce firms also recorded strong demand. New Grade A supply reached 24.7 million sq ft during the period, surpassing leasing activity and resulting in a marginal increase in vacancy levels to 17.2%. Despite global supply chain disruptions during the second quarter, occupier demand remained resilient, supported by domestic manufacturing growth and infrastructure-led development.Read more

18 Jul 2026

ZTA Group has launched ZTA Infrastructure Pvt. Ltd. as its flagship engineering and construction company to lead expansion across residential, commercial and institutional projects, as well as roads, highways and other infrastructure developments. Based in Meerut, Uttar Pradesh, the company has been established as an integrated platform offering engineering, construction, project management consultancy (PMC) and infrastructure execution services. The group said it plans to grow its project portfolio organically before considering the induction of strategic investors as part of its long-term expansion strategy. ZTA Infrastructure also aims to evolve into a professionally managed infrastructure company with the potential for a future public listing. The company cited its revival of The Grande residential project in Meerut, where more than 500 homebuyers have received possession, as an example of its project execution capabilities.Read more

18 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has instructed its engineering and civic departments to undertake immediate road repairs, inspect all manhole covers and strengthen monsoon preparedness following continuous heavy rainfall recorded during the first week of the month. Municipal Commissioner Dr Kailas Shinde directed officials to prioritise pothole repairs, prevent waterlogging, improve drainage infrastructure, ensure electrical safety, maintain water supply and sewerage systems, and intensify cleanliness drives. The civic body has also asked officials to promote rainwater harvesting and urged residents to adopt preventive measures against waterborne and vector-borne diseases during the monsoon season.Read more

Chennai News Desk

18 Jul 2026

Urbanrise has received strong backing from channel partners ahead of the launch of its upcoming residential project in Chennai, with more than 300 partners participating in a two-day pre-launch event. The developer said the project's initial launch inventory is valued at over INR 1,000 crore, while channel partners collectively committed business exceeding three times that value and submitted a significant number of expressions of interest. Participants from Chennai, Bengaluru and Hyderabad attended the event, indicating early market confidence in the development. The project, currently referred to as "Codename: The Next Big Thing", is yet to receive its official name and is expected to be launched in the coming months.Read more

18 Jul 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has announced that the HappyNest residential project in Amaravati has achieved 1.5 million safe man-hours without recording a Lost Time Injury (LTI). The milestone was achieved through strict safety practices, regular worker training, continuous site monitoring and preventive measures. The project, being executed by NCC Limited, includes 1,200 apartments across 12 residential towers. To mark the achievement, APCRDA organised a recognition programme for workers and project teams, highlighting its continued focus on workplace safety and disciplined project execution.Read more

18 Jul 2026

Fibromat (M) Bhd has secured a new infrastructure project in Sarawak through its wholly owned subsidiary, MTS Fibromat (M) Sdn. Bhd. The company has accepted a road construction subcontract with an estimated value of MYR 140 million, strengthening its order book and providing earnings visibility over the coming years. The project involves the construction of a key access road and related infrastructure in Limbang, Sarawak, and is expected to support regional connectivity and economic development. The contract marks another addition to Fibromat's growing infrastructure portfolio.Read more

18 Jul 2026

PanIIT Alumni India, the apex body representing alumni from all 23 Indian Institutes of Technology (IITs), has elected Dr Amitabh Ranjan as Vice Chairman and Rajeev Singh as General Secretary for the 2026–28 term. The appointments strengthen the organisation's Executive Council, which represents a global network of more than five lakh IIT alumni. Dr Ranjan, currently Registrar at the Indian Institute of Public Administration (IIPA), brings experience in public administration and governance, while Rajeev Singh, Chief General Manager at Engineers India Ltd, has played an active role in PanIIT's initiatives over the years. The organisation said the new leadership will support its focus on alumni engagement, technology, entrepreneurship and public policy.Read more

18 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has launched a focused drive to prevent mosquito breeding at construction sites across the city during the monsoon, targeting 270 active projects under the jurisdiction of its 26 Urban Primary Health Centres. The campaign includes weekly larvicide spraying, chemical fogging, guppy fish deployment and inspections of labour camps to curb the spread of vector-borne diseases such as dengue and malaria. The civic body said 265 construction sites have already been stocked with guppy fish, while more than 3,500 workers' residential units have been treated over the past three months. The initiative forms part of NMMC's broader public health strategy amid continued residential development and redevelopment activity across Navi Mumbai.Read more

18 Jul 2026

Umm Al Qura for Development and Construction Company (Masar) has signed reservation agreements to sell three land plots within its Masar Destination project in Makkah for a total value of SAR 441.1 million. The agreements are part of the company's ongoing strategy to attract private investment into the mixed-use development. The reservation agreements will remain valid until November 1, 2026, during which the parties are expected to complete the final sale transactions. The latest deal follows a series of land transactions announced by the company in recent months as development activity at the project continues.Read more

18 Jul 2026

Residents of Aura Homes in Zirakpur have raised concerns over persistent waterlogging and the non-completion of several promised amenities, alleging that the issues have continued for years despite repeated assurances. Homebuyers claim that critical infrastructure, including the internal drainage system, clubhouse and landscaped park, remains unfinished even after most units in the project were sold. The residents have approached the Punjab Urban Planning Development Authority (PUDA) and local civic authorities, seeking inspections, completion of pending works and action against the developer. The incident has also highlighted the importance of timely project delivery and regulatory compliance in residential developments.Read more

18 Jul 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has directed officials to implement a series of immediate measures aimed at improving road safety in Amaravati amid ongoing construction activity. APCRDA Commissioner V. Vijaya Ramaraju held a review meeting with traffic police, RTO officials and other departments, issuing instructions to regulate heavy vehicle movement, strengthen traffic enforcement and improve monitoring. The measures include speed control, QR code-based vehicle tracking, deployment of additional traffic personnel, alternative routes for construction vehicles and restrictions on heavy vehicle movement during peak commuting hours.Read more

17 Jul 2026

The National Green Tribunal (NGT) has directed the Ghaziabad District Magistrate to ensure that no illegal construction takes place in the 200-acre Sai Upvan forest area until the next hearing in September. The interim order was issued while hearing a petition alleging unauthorised construction, earth filling and other non-forest activities within the designated city forest. The tribunal observed that immediate intervention was necessary to prevent further environmental damage while the matter is under consideration. The case concerns the protection of one of Ghaziabad's key urban green spaces, which has been earmarked as a city forest under the Ghaziabad Master Plan 2031.Read more

17 Jul 2026

Skanska has secured a contract worth about SEK 1 billion to build a new city campus for Kristianstad University in Sweden. The project, awarded by Boulevardfastigheter AB, will provide a modern education and research facility designed to serve around 13,000 students and 550 staff members. The development also places strong emphasis on sustainability through the reuse of construction materials from the adjacent Galleria Boulevard. Construction is scheduled to begin in early August 2026, with completion targeted for June 2029, and the contract will be recorded in Skanska’s third-quarter 2026 order bookings.Read more

17 Jul 2026

Gujarat Chief Minister Bhupendra Patel reviewed the progress of commercial, residential and social infrastructure projects under development at Gujarat International Finance Tec-City (GIFT City) during a high-level meeting held in the past week. The review covered the financial hub's Strategic Roadmap-2030, future expansion plans and ongoing construction activities. Senior officials briefed the Chief Minister on the city's development priorities, including business growth, infrastructure expansion, talent development and global connectivity. Patel inspected key project sites and emphasised the need to sustain development momentum as GIFT City continues to evolve into an international financial and business centre. He said the financial hub would play an important role in supporting the vision of Viksit Bharat 2047 while reinforcing Gujarat's position in the global economy.Read more

17 Jul 2026

Larsen & Toubro has proposed an expansion of approximately INR 1,100 crore at its Kattupalli shipyard near Chennai, adding new fabrication units, assembly shops, paint and blasting bays, warehousing, office and residential buildings, and a skill development centre. The project, to be developed on the company's existing 892.11-acre site, aims to help the yard reach the ship-building, repair and modular fabrication capacity permitted under earlier environmental clearances. Work is expected to begin in October 2025 and be completed over three years.Read more

17 Jul 2026

New Zealand's housing market remained largely stable during the past month, with median house prices showing limited movement despite mixed regional performance. Data from the Real Estate Institute of New Zealand (REINZ) indicated that while annual prices recorded a marginal increase, home sales declined on both a monthly and yearly basis. The South Island continued to outperform several other regions, while Wellington remained subdued. The market is also adjusting to a higher interest rate environment following the Reserve Bank of New Zealand's recent policy rate increase.Read more

17 Jul 2026

British International Investment (BII) has partnered with the Emerging Africa & Asia Infrastructure Fund (EAAIF) to strengthen financing for Blueleaf Energy’s renewable energy projects in India. Under the agreement, EAAIF will participate in half of BII’s USD 75 million mezzanine debt facility, supporting the development of 850 MW of greenfield renewable energy capacity. The partnership aims to attract more private investment into climate infrastructure while supporting India's clean energy goals. The deal also expands EAAIF’s renewable energy investments in India and reflects growing collaboration between development finance institutions and institutional investors.Read more

17 Jul 2026

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration received from the transfer of redevelopment rights should be taxed under the capital gains provisions of the Income-tax Act instead of being treated as 'Income from Other Sources'. The tribunal also observed that taxpayers may be eligible to claim exemption under Section 54EC, subject to statutory conditions. The ruling is expected to bring greater certainty to the tax treatment of redevelopment transactions and could influence similar cases involving property owners and redevelopment agreements.Read more

17 Jul 2026

Waaree Energies Ltd has commenced operations at a battery energy storage system (BESS) container manufacturing facility in Gujarat through its subsidiary, Waaree Energy Storage Solutions Pvt Ltd. The facility has an annual manufacturing capacity of 5.15 GWh, an increase from the originally planned 3.5 GWh, following improvements in production throughput and battery cell energy density. The company also outlined plans to expand its BESS container manufacturing capacity to 20 GWh over time. The development forms part of Waaree's strategy to strengthen domestic energy storage manufacturing as demand for grid-scale storage solutions grows alongside India's renewable energy capacity additions.Read more

17 Jul 2026

• A CRISIL report estimates that India's non-sovereign debt could rise from about 84% of GDP in fiscal 2026 to nearly 150% by 2047, in line with debt levels seen in developed economies during periods of rapid economic transformation.
• The report says achieving the Viksit Bharat vision of a USD 30 trillion-plus economy will require significantly deeper debt capital markets, as banks alone may not be able to meet the country's growing financing needs.
• It recommends expanding the corporate bond market by broadening the issuer base, increasing investor participation, strengthening secondary market liquidity and encouraging investments in mid-rated corporate bonds.
• CRISIL also advocates developing securitisation, covered bonds and municipal bond markets, alongside regulatory reforms to channel long-term capital into infrastructure, housing and urban development.Read more

17 Jul 2026

New York has become the first US state to impose a temporary moratorium on the construction of large data centres, introducing a one-year ban on new facilities with power requirements of 50 megawatts or more. Announced by Governor Kathy Hochul, the measure aims to assess the environmental, infrastructure and economic impacts of hyperscale data centres amid growing concerns over electricity demand, water consumption and rising utility costs. During the moratorium, the state will prepare a Generic Environmental Impact Statement and develop uniform standards for future projects. The move places New York at the centre of a national policy debate as several US states consider stricter oversight of data centre development driven by rapid growth in artificial intelligence infrastructure.Read more

17 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved the transfer of land occupied by the BEST Undertaking's Dharavi and Kalakilla bus depots for the Dharavi Redevelopment Project after a majority vote in the civic body's general meeting.
• The decision covers an 11.58-acre land parcel and includes the construction of temporary and permanent multi-storey bus depots to ensure continuity of public transport services.
• Opposition corporators objected to the proposal, raising concerns over the transfer of public land and the impact on BEST's operations.
• The approval marks another step in land consolidation for the Adani Group-led Dharavi Redevelopment Project, one of India's largest urban renewal initiatives.Read more

17 Jul 2026

The Rampur Development Authority (RDA) has ordered the demolition of 38 out of 40 buildings at Mohammad Ali Jauhar University in Rampur, Uttar Pradesh, after determining that the structures were constructed without approved building plans. The order, issued under Section 27(1) of the Uttar Pradesh Urban Planning and Development Act, 1973, follows a hearing in which the university's explanation was rejected. Authorities have given the university management 15 days to voluntarily remove the allegedly unauthorised buildings, failing which the RDA will carry out the demolition. Officials said only two buildings on the campus had sanctioned plans obtained from the erstwhile district panchayat. The action forms part of the state's ongoing enforcement against unauthorised constructions and follows the university campus coming under the jurisdiction of the Rampur Development Authority in 2024.Read more

17 Jul 2026

Aurum PropTech Ltd has announced the acquisition of online property platform Housing.com from Australia's REA Group through an all-equity transaction, marking another significant consolidation in India's proptech sector. Under the agreement, Aurum PropTech will acquire a 100% stake in Housing.com by issuing 1,97,93,309 equity shares, representing around 20.5% of its enlarged share capital. Following the transaction, REA India's shareholding in Aurum PropTech will rise to 24.9%. The acquisition follows Aurum's earlier purchase of PropTiger and is intended to create an integrated digital real estate platform spanning property search, transactions, financing, rentals and property management. The combined platform is expected to strengthen Aurum's presence across multiple segments of the residential real estate ecosystem.Read more

17 Jul 2026

The Supreme Court has agreed to examine an Enforcement Directorate (ED) petition challenging the transfer of the Amrapali Group money laundering case from a designated Prevention of Money Laundering Act (PMLA) court in Delhi to a special court in Lucknow. The matter, listed for hearing during the past week, concerns the jurisdiction for trial proceedings arising from the agency's investigation into the alleged diversion of homebuyers' funds by the real estate developer. The ED has argued that the transfer could affect the progress of the case, which stems from directions issued by the Supreme Court during its investigation into the Amrapali Group. The outcome of the proceedings is expected to determine the appropriate forum for conducting the trial under the PMLA while ensuring continuity in the long-running case.Read more

17 Jul 2026

Prestige Estates Projects Ltd reported residential sales bookings of INR 6,579.3 crore for the first quarter of FY27, a 46% decline from the record INR 12,126.4 crore achieved in the corresponding period last year, primarily due to a high base created by a major launch in the Delhi-NCR market. The Bengaluru-based developer sold 6.04 million sq ft across 3,337 units during the quarter, with Hyderabad contributing nearly half of total pre-sales. The company completed three projects covering 4.37 million sq ft and maintained its FY27 pre-sales guidance of INR 35,000–36,000 crore. Prestige Group also highlighted its extensive development pipeline comprising 135 projects spanning 227 million sq ft across multiple markets.Read more

17 Jul 2026

Saba Capital Management has increased its shareholding in UK flexible office provider Workspace Group to 29.1%, making it the company's largest shareholder and reinforcing its campaign for strategic and governance changes. The latest investment comes ahead of Workspace's annual general meeting later this month, where Saba has proposed replacing the company's non-executive directors and advocated a property disposal programme. The increased holding leaves the activist investor just below the 30% threshold that would trigger a mandatory takeover offer under UK takeover regulations. Workspace has urged shareholders to reject Saba's proposals, arguing that its strategy would not support the company's long-term interests.Read more

Lucknow News Desk

17 Jul 2026

• The Lucknow Development Authority (LDA) will prepare a GIS-based Master Plan 2051 for the Uttar Pradesh State Capital Region (SCR).
• The comprehensive plan will guide long-term urban growth, infrastructure expansion, land use and environmental conservation across the region.
• Advanced geospatial technology will be used to create a digital planning framework, improving decision-making and project implementation.
• The initiative is expected to support coordinated development across districts while accommodating future population and economic growth.Read more