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The Navi Mumbai Municipal Corporation (NMMC) has demolished an unauthorised structure in the Juhugaon area of Vashi as part of its ongoing drive against illegal constructions. The action was carried out earlier this week after the occupants failed to comply with a notice issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken under the supervision of senior civic officials with support from the encroachment department, police personnel, security staff and labourers using specialised equipment. The civic body has reiterated that enforcement against unauthorised developments will continue to be intensified across Navi Mumbai to ensure compliance with planning regulations.Read more

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out a demolition drive against unauthorised constructions in the Belapur division as part of its ongoing enforcement against illegal developments. The action was undertaken under the directions of Municipal Commissioner Dr Kailas Shinde and supervised by Additional Commissioner (II) Dr Rahul Gethe and Deputy Commissioner Dr Amol Palwe. The demolition targeted two unauthorised structures in Agroli and Karave villages after notices issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act failed to secure voluntary compliance. The operation involved officials from the Belapur ward office, civic staff, police personnel and heavy equipment to remove the illegal constructions.Read more

04 Jul 2026

Cross-border real estate investment platform Raveum has introduced a fractional investment opportunity allowing Indian investors to participate in pre-vetted US commercial real estate with a minimum investment of USD 1,000. The launch comes amid continued depreciation of the Indian rupee, which touched a record low of nearly INR 97 against the US dollar in the past month. The platform aims to provide retail investors with access to dollar-denominated real estate assets through fractional ownership while facilitating property selection, remittance, taxation and regulatory compliance under India's Liberalised Remittance Scheme (LRS). The offering seeks to broaden access to an asset class traditionally dominated by institutional and high-net-worth investors.Read more

04 Jul 2026

The Union Cabinet has approved the construction of the 117.7-km Kanpur–Kabrai access-controlled greenfield highway in Uttar Pradesh at an estimated cost of INR 7,145.14 crore. The project, to be implemented by the National Highways Authority of India (NHAI) under the Build-Operate-Transfer (BOT-Toll) model, forms a key section of the Bhopal–Kanpur Economic Corridor. Designed for future six-laning, the highway is expected to significantly reduce travel time, strengthen freight movement, improve regional connectivity and support industrial growth across Uttar Pradesh and Madhya Pradesh.Read more

04 Jul 2026

CTP has expanded its logistics portfolio by opening an 11,500 sqm distribution centre at CTPark Ceska Lípa in the Czech Republic for Saint-Gobain’s Sekurit Service. The new facility will serve as a central hub for distributing replacement auto glass across Europe, helping improve delivery efficiency and reduce supply times. The development strengthens CTP's presence in the European logistics real estate market while supporting Saint-Gobain's supply chain with better connectivity to manufacturing sites, warehouses and key automotive markets across the region.Read more

04 Jul 2026

Wheels India Ltd plans to invest around INR 300 crore during FY27 to expand its presence across the tractor, wind energy, hydraulic cylinder and air suspension businesses. Speaking at the company's 67th Annual General Meeting, Chairman and Managing Director Srivats Ram said the air suspension segment recorded strong double-digit growth in FY26, supported by higher electric vehicle (EV) adoption, fleet modernisation, intercity transport expansion and increased demand for air-conditioned sleeper buses. The company also expects continued momentum in its car wheels business and remains optimistic about growth in wind energy components despite concerns over commodity price inflation linked to geopolitical tensions in West Asia.Read more

04 Jul 2026

AISIN Automotive Haryana Private Limited, the Indian arm of Japan's AISIN Corporation, has leased more than 9 lakh sq. ft. of built-up space at Inspira Realty's Inspira City industrial and warehousing park in Shendra MIDC, Chhatrapati Sambhaji Nagar. Alongside the lease transaction, the company has registered land within the 232-acre industrial park to support its long-term expansion in India. The deal represents the second-largest transaction completed at Inspira City and adds another Japanese manufacturer to the development. The facility will become AISIN's third manufacturing plant in India, strengthening its domestic production network while reinforcing Inspira City's position as a preferred destination for automotive and advanced manufacturing investments.Read more

04 Jul 2026

Segro has announced a 50:50 joint venture with an international investor to develop and operate three logistics parks along the UK's M1 motorway corridor. The partnership has a projected fully developed gross asset value of around GBP 3 billion. Segro will contribute logistics parks in Radlett, Coventry and Northampton to the venture. The announcement comes soon after the company rejected a GBP 12.6 billion takeover approach from U.S.-based logistics developer Prologis. Once completed by 2030, the project is expected to significantly expand warehouse space and rental income across the three sites.Read more

04 Jul 2026

Chennai-based real estate developer Navin's presented its growth strategy for FY2026–27 during its Channel Partner Meet 2026, held in Chennai on 25 June. The event brought together the company's channel partners to discuss business priorities, market opportunities and future expansion plans. Senior executives outlined the company's long-term vision, land acquisition strategy, current project inventory and channel partner incentive programmes. The meeting also served as a platform to recognise channel associates and reinforce collaboration as Navin's prepares to expand its residential development portfolio in the coming financial year.Read more

04 Jul 2026

Cash on Delivery (COD) remains one of the most widely used payment options in India's e-commerce market, particularly among small businesses, direct-to-consumer (D2C) brands and marketplace sellers. However, additional COD handling charges imposed by logistics providers can increase fulfilment costs and affect profit margins as order volumes grow. As businesses seek greater cost efficiency and transparency, shipping partners offering predictable pricing models without COD handling charges are gaining traction. This shift reflects a broader demand for simplified logistics, faster cash flow and improved operational planning. Digital shipping platforms such as Shadowfax 360 (SF 360) are responding by combining transparent pricing with technology-enabled logistics solutions tailored to the evolving needs of India's online sellers.Read more

04 Jul 2026

HiLITE Group has announced plans to invest INR 25,000 crore over the next five years to develop 50 million sq ft of real estate across Kerala, covering retail, information technology, healthcare, education, residential and commercial projects. The expansion will focus on Tier 2 and Tier 3 cities through new HiLITE Centre and HiLITE Countryside developments while also advancing major mixed-use, business park and educational projects. The developer's pipeline includes India's largest World Trade Centre project in Kozhikode, new retail destinations, IT infrastructure, educational institutions and wellness facilities, as it seeks to expand organised retail and commercial infrastructure across emerging markets in the state.Read more

04 Jul 2026

Pecan Realty has completed four institutional transactions worth more than INR 150 crore over the past two years by acquiring multiple real estate projects through insolvency and structured finance processes. The transactions include resolution-led acquisitions through the National Company Law Tribunal (NCLT), enabling repayment and exits for public and private sector lenders. Among the key deals is the acquisition of the Pecan Yura commercial project in Andheri West. The developer said the transactions strengthen its strategy of pursuing project turnarounds, structured finance and capital partnerships as it expands across the Mumbai Metropolitan Region and Thane.Read more

04 Jul 2026

Abu Dhabi's residential real estate market recorded strong growth during the first half of 2026, with the value of apartment and villa sales rising 173.9% year-on-year to AED 84.49 billion, while transaction volumes increased 103% to 16,585 deals, according to property intelligence platform ADXinteract. Off-plan properties accounted for 78% of all transactions, with residential prices continuing to rise across the emirate. Al Reem Island, Al Hudayriyat, Yas Island and Al Saadiyat Island remained the most active markets, collectively contributing nearly two-thirds of the total transaction value. The report also highlighted a healthy absorption rate across projects currently under development.Read more

04 Jul 2026

DLF Ltd has showcased the key features of DLF ONE Midtown, its premium residential development in West Delhi, highlighting the project's design, open spaces, amenities and sustainability initiatives. The development comprises two-, three- and four-bedroom residences designed around landscaped greens, with supporting lifestyle infrastructure including a 21,200 sq ft clubhouse and neighbourhood retail plaza. The project also incorporates features such as solar water heating, electric vehicle charging facilities, rainwater harvesting and wastewater recycling. Positioned as a mixed-use residential development, the project reflects the growing emphasis on integrated planning, wellness-oriented amenities and environmentally conscious infrastructure in India's premium housing segment.Read more

04 Jul 2026

India’s street food culture doesn’t shut down when the sun sets in fact, some of its most iconic food streets come alive only after midnight. From bustling lanes in Delhi and Mumbai to late-night snack hubs in Indore, Bengaluru and Hyderabad, these destinations cater to night owls, shift workers and travellers chasing flavour after hours. These streets are also deeply tied to local work culture, student life and migration-driven cities where activity never fully stops. Together, they reflect how India’s urban centres function as 24-hour ecosystems powered by food, people and movement. Whether it’s steaming momos, buttery pav bhaji or spicy rolls served under neon lights, these midnight food streets redefine urban nightlife. Here are 9 places where India truly comes alive after dark.Read more

04 Jul 2026

India's industrial and logistics sector recorded gross absorption of 34.8 million sq ft during the first half of 2026, registering a modest 2.4% year-on-year increase, according to Savills India. Manufacturing and third-party logistics (3PL) occupiers remained the largest demand drivers, accounting for 53% of total leasing activity, while Delhi-NCR, Pune and Mumbai emerged as the leading markets. The report also highlighted a growing preference for Grade-A industrial assets, with their share of absorption increasing to 59%. Meanwhile, fresh supply rose 27.8% year-on-year to 42.7 million sq ft, reflecting continued developer confidence despite demand growth moderating.Read more

04 Jul 2026

A research report based on interviews with 61 prospective tenants across six major Indian cities has found widespread distrust of digital PG and co-living platforms, with every respondent insisting on visiting a property before making any payment. The study, published by InstaDwell Research, indicates that misleading photographs, questionable online reviews, hidden charges and restrictive rental practices are prompting many tenants to rely on personal networks rather than property platforms. The findings suggest that trust, rather than property discovery, has become the principal challenge in India's managed accommodation sector, with several prospective tenants ultimately choosing independent rental housing over PG accommodation after unsuccessful searches.Read more

04 Jul 2026

GHR Lakshmi Urbanblocks Infra LLP has partnered with Spa L'Occitane en Provence to introduce a branded wellness facility at The Cascades Neopolis, its INR 3,169 crore luxury residential development in Hyderabad. The spa, to be opeLimited, will offer wellness services based on the French brand's Provrated in India by Sanghvi Brands ençal philosophy. The collaboration forms part of the project's strategy to incorporate international design, hospitality and lifestyle partners into the 63-storey, 217-metre residential tower being developed at Neopolis. The project, scheduled for completion by March 2030, also involves global consultants across architecture, interiors, landscaping, engineering and concierge services.Read more

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC), in coordination with the City and Industrial Development Corporation (CIDCO), demolished an unauthorised ground-plus-one (G+1) reinforced cement concrete (RCC) structure in Nerul as part of a joint anti-encroachment drive conducted earlier this week. The action was carried out on a notified CIDCO plot measuring approximately 600 sq m in Sector 6 after the occupants failed to comply with a statutory notice issued under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken using heavy machinery under the supervision of senior civic officials. The civic body has stated that similar enforcement drives against unauthorised constructions will continue across Navi Mumbai.Read more

04 Jul 2026

AI-based property technology startup MiMove has secured EUR 450,000 (approximately SEK 5 million) in an oversubscribed investment round to support its expansion across Southern Europe. The funding, backed by a group of investors and venture accelerator Hetch, will be used to strengthen the company's sales operations, accelerate market expansion and prepare for a larger fundraising round. Founded with operations in Marbella and Sweden, MiMove uses an AI-driven property search platform to connect international homebuyers with local real estate agents. The company currently serves 260 estate agencies representing nearly 100,000 residential properties across Spain and Portugal, where demand from overseas buyers continues to grow.Read more

04 Jul 2026

Coral Beach Resort Sharjah has received multiple honours at the Hozpitality Group's Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026. The resort's beachfront dining venue, Casa Samak Seafood Restaurant, was recognised as the Best Sunset Spot of the Year, acknowledging its seaside location, seafood offerings and dining experience overlooking the Arabian Gulf. Several members of the resort's culinary and food and beverage teams also received individual accolades across leadership and service categories. The awards highlight the resort's hospitality and dining operations, recognising both its signature restaurant and the contributions of its staff.Read more

04 Jul 2026

Mumbai's Matunga-Sion corridor is witnessing renewed interest from developers, investors and homebuyers as redevelopment activity and major infrastructure upgrades strengthen its residential appeal. The micro-market, known for its established social infrastructure, educational institutions and central location, is transitioning from an ageing housing stock to modern residential developments. Industry executives say improved connectivity through the Sion-BKC elevated road, Mumbai Trans Harbour Link (Atal Setu), Coastal Road and Metro network, combined with limited land availability and sustained demand, is supporting long-term capital appreciation. The corridor's strategic location between South Mumbai, western suburbs and key commercial districts is also reinforcing its position as an emerging high-growth residential destination.Read more

04 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) will organise its largest multi-city property showcase in Mumbai on 5 July 2026, bringing together 15 residential projects from Mumbai, Thane, Pune, Gurugram and Howrah under one roof. The one-day event will feature apartments, villas and plotted developments, with prices starting from INR 60 lakh. Visitors will have access to project information, personalised consultations, exclusive event offers and expert guidance from the developer's sales teams, enabling prospective homebuyers and investors to evaluate multiple residential options across key Indian property markets.Read more

04 Jul 2026

Cross-border payments platform HiWi Forex Transaction Services Pvt Ltd (HiWiPay) has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly owned Payment Service Provider (PSP) subsidiary in GIFT International Financial Services Centre (GIFT IFSC). Subject to meeting regulatory requirements and obtaining final authorisation, the proposed entity will provide services including cross-border money transfers, merchant acquisition, account issuance, e-money issuance and escrow facilities. The move is aimed at strengthening payment infrastructure for exporters, SMEs, freelancers and digital businesses by streamlining international collections, foreign exchange management, settlement processes and regulatory compliance through a technology-driven platform.Read more

04 Jul 2026

Pune-based Mantra Group has emerged as the successful resolution applicant for a stalled residential redevelopment project in Worli, Mumbai, with an estimated development potential of INR 2,000 crore. The approval follows an order passed by the National Company Law Tribunal (NCLT) on June 19 under the Corporate Insolvency Resolution Process (CIRP). The Worli project is the developer's third acquisition in Mumbai over the past year, after projects in Jogeshwari and Mulund, taking the combined development potential of the three schemes to around INR 7,500 crore. The project had remained stalled for more than a decade due to financial difficulties and legal disputes involving the previous developer, affecting construction progress and homebuyers.Read more

04 Jul 2026

BatX Energies has secured INR 105 crore in a Series A funding round led by IvyCap Ventures, with participation from existing investors including Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. The company plans to use the fresh capital to expand its battery recycling and refining capacity, strengthen research and development, and build a domestic supply chain for critical battery materials. The funding will also support BatX Energies' plans to scale its operations beyond India while contributing to the country's growing circular economy.Read more

03 Jul 2026

Skanska has secured a contract worth EUR 29 million (around SEK 310 million) to construct a new business facility for Garmin in Jyväskylä, Finland. The project will be included in the company's Nordic order bookings for the third quarter of 2026, further strengthening Skanska's presence in Finland's commercial construction market. The contract adds to the company's recent portfolio of technology and business infrastructure projects across the Nordic region. While detailed specifications of the facility have not been disclosed, the development reflects continued investment in modern business infrastructure in Finland.Read more

03 Jul 2026

Coal India Limited (CIL) will invest INR 1,900 crore in research and development by FY2030 to modernise mining operations, improve productivity and reduce emissions. The state-owned miner will focus on clean coal technologies, mine repurposing, rare earth mineral recovery and sustainable materials through partnerships with research institutions. The investment includes support for IIT-led projects and ongoing programmes at the National Centre for Coal and Energy Research, strengthening India's mining and industrial infrastructure.Read more

Mumbai News Desk

03 Jul 2026

The Bombay High Court has upheld two Maharashtra government resolutions (GRs) governing the cluster redevelopment of MHADA layouts, dismissing petitions filed by cooperative housing societies challenging the policy. The ruling paves the way for the redevelopment of key MHADA layouts in Bandra Reclamation and Adarsh Nagar, Worli. The court held that the policy serves a larger public purpose by enabling planned redevelopment of ageing housing colonies, improving infrastructure and ensuring optimal land utilisation while balancing the interests of residents and the state.Read more

03 Jul 2026

Tamil Nadu has the potential to build an INR 37,000 crore defence electronics industry by 2040, according to a roadmap presented by the Defence Research and Development Organisation (DRDO). The projection estimates the state could capture 20–25% of India's defence electronics market, supported by its manufacturing ecosystem, defence corridor and semiconductor capabilities. The roadmap also outlines an annual export opportunity of up to INR 10,000 crore through expanded electronics, aerospace and defence manufacturing.Read more

03 Jul 2026

Bonava has signed an agreement to sell more than 500 apartments in the Norrbodahöjden residential development in Sweden for approximately SEK 1.3 billion. The transaction reflects the company's continued focus on investor sales and strengthening cash flow amid improving housing market conditions. The project forms part of Bonava's broader strategy of developing large-scale residential communities across its core European markets. The company has recently completed several investor transactions in Sweden, Finland and Germany as demand from institutional buyers has gradually recovered following a challenging period for the housing sector.Read more

Mumbai News Desk

03 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has decided to file a police complaint against the contractor responsible for drain repair work at Mumbai's Sakinaka after a 55-year-old man died by falling into an open manhole during heavy rain. The civic body has also suspended four officials pending an inquiry and announced disciplinary action, with the incident sparking renewed scrutiny of safety protocols at civic work sites. The tragedy has intensified calls for stricter supervision of contractors and stronger safeguards during monsoon infrastructure works.Read more

03 Jul 2026

Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port operating arm of MSC Group, for INR 13,220 crore (USD 1.397 billion). The transaction values the Kerala transhipment port at USD 2.85 billion and marks the largest foreign private investment in India's port infrastructure, while supporting the port's ongoing capacity expansion.Read more

03 Jul 2026

State-owned NBCC has awarded nine construction contracts worth INR 955.13 crore during the first quarter of FY27, covering projects across Jammu & Kashmir and West Bengal. The largest order, valued at INR 334.74 crore, is for the first phase of the Central University of Kashmir campus in Ganderbal. The company has also awarded a nearly INR 200 crore township project for Damodar Valley Corporation in West Bengal. Separately, NBCC recently signed an agreement with the Andhra Pradesh government to construct a new Andhra Pradesh Bhawan in New Delhi at an estimated cost of INR 105.5 crore.Read more

03 Jul 2026

JSW Infrastructure has raised INR 7,503 crore through a Qualified Institutional Placement (QIP), comprising a primary issue of INR 6,555 crore and a promoter offer-for-sale. The capital will fund the company's INR 39,000 crore multi-year capital expenditure programme, strengthen its institutional investor base and support compliance with minimum public shareholding norms. The transaction is the first in India to combine a primary issuance and promoter OFS within a single QIP structure.Read more

03 Jul 2026

Uganda has signed a financing agreement worth EUR 110.5 million (USD 126.1 million) with the local unit of Standard Chartered to support the construction of a 115.8-km road in the Karamoja region. The project is expected to reduce transport costs, improve regional trade, and strengthen connectivity in the mineral-rich northeastern region bordering Kenya. The road will also support major ongoing investments, including a USD 300 million cement plant and a USD 72 million international airport, as the government continues to improve infrastructure to boost economic growth.Read more

Mumbai News Desk

03 Jul 2026

Two separate ceiling slab collapse incidents in Mumbai and Navi Mumbai have claimed two lives, once again drawing attention to the structural safety of ageing residential buildings during the monsoon. One tragedy occurred in Kamothe, where a man died after the ceiling of his bedroom collapsed while he was asleep, while another fatal incident was reported in South Mumbai. The accidents have renewed concerns over delayed structural audits, ageing infrastructure and the urgent need for preventive maintenance before the rainy season.Read more

03 Jul 2026

The Bihar government has sought expedited approval from the Centre for road infrastructure projects worth nearly INR 15,000 crore, aiming to accelerate connectivity across the state. Deputy Chief Minister Samrat Choudhary raised the matter during a meeting with Union Road Transport and Highways Minister Nitin Gadkari, requesting quicker clearances for key national highway proposals. The discussions also covered larger road investments worth over INR 53,000 crore that are at various stages of planning and execution, reflecting Bihar's continued focus on strengthening transport infrastructure and supporting regional economic growth.Read more

03 Jul 2026

Inox Clean Energy Limited has secured INR 700 crore in fresh funding from Rising Sun Holdings Pvt Ltd, part of the Adar Poonawalla Family Office, at a valuation of INR 70,000 crore. The investment follows an earlier INR 800 crore infusion from CalPERS and strengthens the company's financial position as it expands its renewable energy and solar manufacturing businesses. The funding reflects continued investor confidence in Inox Clean's growth strategy, execution capabilities, and long-term plans, including scaling its renewable energy generation and integrated solar manufacturing capacities by FY28.Read more

03 Jul 2026

The Delhi government has fixed October 31, 2026, as the final date for residents of 1,511 unauthorised colonies to apply for conveyance deeds and authorisation slips under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY). The decision follows a lower-than-expected response since the application process resumed earlier this year, with only around 2,000 applications received. The deadline is intended to encourage eligible property owners to complete the regularisation process and secure legal ownership documents required for property registration. The Revenue Department has also established dedicated PM-UDAY Cells across all district magistrate offices to facilitate applications and document issuance.Read more

03 Jul 2026

Nambiar Builders has announced an investment of INR 1,900 crore to develop the third phase of District 25, its integrated township project in Bengaluru. The new phase will comprise premium residential apartments spread across 21 acres, with a saleable area of approximately 3.6 million sq ft. Located on Sarjapur Road, the township is designed as a mixed-use development featuring residential, commercial and lifestyle infrastructure. The investment reflects the developer's confidence in Bengaluru's sustained housing demand and the growing preference for large, integrated township projects offering comprehensive urban amenities.Read more

03 Jul 2026

Sterling and Wilson Renewable Energy Ltd (SWREL) has secured an engineering, procurement and construction (EPC) contract valued at approximately USD 560 million for the West Minya Solar Power Project in Egypt. The project has been awarded to a 50:50 joint venture between SWREL and Hassan Allam Construction. Located in Egypt's Minya Governorate, the development will comprise a 1,000 MW utility-scale solar power plant integrated with a 600 MWh Battery Energy Storage System (BESS). Upon completion, it is expected to become one of the country's largest renewable energy projects, with the joint venture responsible for delivering the complete EPC scope, including grid connectivity and associated infrastructure.Read more

03 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has constituted a two-member inquiry committee following the fatal collapse of a peepal tree on a school bus in Chembur, Mumbai, which claimed the life of an 11-year-old student and injured four others. The civic body has also suspended officials pending investigation and ordered a citywide reinspection of potentially hazardous trees. The incident has renewed scrutiny of Mumbai's urban infrastructure, particularly the coordination between road construction and tree maintenance, after reports indicated earlier warnings over root damage in the area. The inquiry will examine the cause of the collapse and recommend measures to strengthen public safety during the monsoon.Read more

03 Jul 2026

The Municipal Corporation of Delhi (MCD) has extended the deadline for property owners to avail a 10% rebate on lump-sum property tax payments for the 2026–27 financial year until July 31. The concession was previously available for payments made by June 30. The civic body said the extension aims to give more taxpayers an opportunity to benefit from the rebate, particularly those who were unable to make payments within the original timeframe. Delhi Mayor Pravesh Wahi stated that the decision would support timely tax compliance while strengthening the corporation's revenue base, which is used to fund civic infrastructure, sanitation, healthcare, public amenities and other municipal services across the national capital.Read more

03 Jul 2026

The Goa Cabinet has approved the ‘Mhajo Flat’ scheme to provide legal ownership rights to thousands of flat owners who have been unable to obtain title to their properties because of disputes between developers and landowners or incomplete conveyance procedures. Announced in the past week, the initiative includes amendments to the Goa Cooperative Societies Act, the Indian Stamp Act and related revenue provisions to facilitate unilateral deemed conveyance. The state government said the scheme would enable cooperative housing societies to secure conveyance even where developers have abandoned projects or legal disputes remain unresolved. It also introduces concessional stamp duty and registration charges to simplify the process and is expected to support the redevelopment of ageing residential buildings across Goa.Read more

03 Jul 2026

Sumou Real Estate Company has signed a project development management agreement with Arch 3 for a mixed-use development in Jeddah. The agreement, signed for the benefit of Arch Real Estate Development Fund 3, will run for 36 months and covers the complete management of the project's development. Sumou will receive a development management fee equivalent to 10% of the construction contract value and an additional marketing fee of 3% of the project's total sales value. The development will have a built-up area of around 57,000 square metres.Read more

03 Jul 2026

• Proptech startup Crib has acquired rent financing platform CirclePe to expand its offerings for the co-living, hostel and paying guest (PG) accommodation segment.
• While the companies did not disclose the financial details of the transaction, the acquisition is expected to strengthen Crib's integrated property management ecosystem.
• CirclePe enables tenants to rent accommodation without paying a security deposit by advancing rent payments to operators.
• The acquisition is aimed at enhancing financial solutions for tenants and improving cash flow for co-living and hostel operators.Read more

03 Jul 2026

Union Road Transport and Highways Minister Nitin Gadkari has underlined the role of technology in improving road safety, enhancing public awareness and strengthening emergency response systems as India continues to record a high number of road accidents and fatalities. Speaking at an event organised by Uber earlier this week, the minister said adherence to traffic rules, coupled with technology-driven interventions, could help reduce road deaths. He outlined the Centre's initiatives, including the Rah-Veer (Good Samaritan) Scheme, nationwide cashless treatment for accident victims and investments in eliminating accident-prone black spots. Uber also announced new safety features and partnerships aimed at improving rider and driver safety.Read more

03 Jul 2026

M3M Group plans to invest INR 10,000 crore during the current financial year, with a major focus on accelerating construction and acquiring new land parcels to support future growth. The Gurugram-based developer will fund the entire investment through internal accruals, maintaining its debt-free status. The company is currently developing over 30 million sq ft across multiple projects and intends to strengthen its presence in Delhi-NCR through land acquisitions, including participation in upcoming Noida land auctions, while continuing its strategy of developing branded luxury housing projects.Read more

03 Jul 2026

• BSE Index Services has launched India’s first dedicated REIT and Commercial Real Estate Index, offering a benchmark for listed REITs and commercial real estate companies.
• The new index is expected to support the launch of ETFs, index funds and other passive investment products linked to the commercial real estate sector.
• It includes listed REITs and companies with significant commercial real estate exposure while capping individual stock weight at 20 per cent to ensure diversification.
• The launch comes as India's REIT market continues to expand, backed by rising institutional investments and growing investor interest in income-generating commercial assets.Read more