1 minute ago

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

31 minutes ago

• The Kerala government has approved INR 3,200 crore for land acquisition related to the Thiruvananthapuram Outer Ring Road project.
• The proposed 78-km highway corridor will connect Vizhinjam Port with Navaikulam and improve regional connectivity across the capital region.
• The funding is expected to accelerate compensation payments and help complete pending land acquisition activities.
• The project is seen as a key infrastructure link supporting logistics, industrial and commercial growth around Vizhinjam International Seaport.
• The approval comes after years of delays linked to land acquisition, environmental clearances and alignment-related challenges.Read more

1 hour ago

U.S.-based investment firm Castlelake is reportedly exploring a partnership with shipping and logistics giant MSC as it evaluates a potential takeover of British low-cost airline easyJet. The move is aimed at ensuring compliance with European Union ownership regulations if Castlelake proceeds with a formal offer. Reports suggest discussions are at an early stage, with MSC identified as a possible strategic partner due to its broad transportation and travel interests. A deal could create an integrated travel business spanning aviation, cruises, rail and holiday packages, expanding MSC's presence across the leisure travel sector.Read more

1 hour ago

• The Maharashtra government has taken back 33 acres in Aarey Colony, Mumbai, previously allotted for a slum rehabilitation project that failed to progress.
• The land was earmarked for the rehabilitation of eligible slum residents under a redevelopment scheme but remained largely undeveloped for years.
• Authorities revoked the allotment following a review of the project's status and lack of implementation.
• The reclaimed land will remain under government control pending a decision on its future use.Read more

Priyanka Vig

2 hours ago

As Mumbai prepares for the 2026 monsoon season, municipal bodies across the Mumbai Metropolitan Region (MMR) have intensified efforts to reduce waterlogging and flood-related disruptions. The Brihanmumbai Municipal Corporation (BMC) has deployed IoT-enabled dewatering pumps, activated pumping stations and accelerated desilting works, while neighbouring municipalities including Thane, Navi Mumbai, Kalyan-Dombivli, Mira-Bhayandar and Vasai-Virar have undertaken extensive drainage cleaning and flood-preparedness measures. Regional agencies such as MMRDA have also implemented monsoon action plans across infrastructure projects, reflecting a broader shift towards technology-driven monitoring, improved drainage systems and coordinated emergency response mechanisms to strengthen urban resilience during periods of heavy rainfall.Read more

2 hours ago

• Delhi's Public Works Department (PWD) has intensified efforts to tackle waterlogging-prone roads ahead of the monsoon season.
• The department has identified critical flooding hotspots and accelerated desilting, drain cleaning and road maintenance work across key corridors.
• Special focus is being placed on locations that have witnessed recurring traffic disruptions and water accumulation during heavy rainfall.
• Officials are conducting inspections and monitoring preparedness to improve stormwater drainage and commuter safety.
• The initiative is part of a wider effort to strengthen urban infrastructure and minimise monsoon-related disruptions across the capital.Read more

3 hours ago

Mumbai is famous for landmarks like Marine Drive, the Gateway of India and Juhu Beach, but the city holds countless hidden gems beyond its popular attractions. From a 66-million-year-old volcanic monolith and ancient Buddhist caves to a charming Portuguese-style village, a forgotten fort visited by flamingos and a serene pagoda overlooking the Arabian Sea, these lesser-known destinations reveal a different side of Mumbai. Whether you're a first-time visitor or a local explorer, these offbeat spots offer unforgettable experiences away from the crowds.Read more

3 hours ago

• The Maharashtra government is reportedly considering scrapping the existing tender process for the proposed new Bombay High Court complex.
• The project, estimated at around INR 4,217 crore, has witnessed delays related to design approvals and land handover.
• Authorities are reviewing the procurement process to facilitate smoother execution of the landmark judicial infrastructure project.
• The development comes as efforts continue to expedite construction of the new court complex in Mumbai.Read more

4 hours ago

DK Vertex, a co-working and managed workspace operator under the Vertex Group, has invested around INR 70 crore to establish seven flexible workspace centres across Gurugram, Mumbai and Bengaluru as demand for managed office solutions continues to rise. The company launched a new 700-desk facility in Gurugram in the past week and plans to offer seats at rentals ranging from INR 14,000 to INR 18,000 per desk. Of the seven centres, four are already operational, providing around 6,000 seats with occupancy reaching 75 per cent. The remaining capacity, including 4,000 built-to-suit seats, is expected to become operational over the next two months. The expansion comes amid sustained growth in India's flexible workspace segment, which accounted for 18 per cent of office leasing activity during the January-March quarter.Read more

4 hours ago

The Delhi High Court has expressed concern over the Centre's move to reclaim land occupied by the Indian Polo Association and the Delhi Gymkhana Club, observing that the capital cannot afford to lose its limited green spaces. Hearing a petition challenging an eviction notice, the court questioned the future use of the land and the impact on the city's environment and heritage structures. The matter centres on the proposed takeover of prominent properties in Lutyens' Delhi, with further proceedings expected before the trial court.Read more

5 hours ago

Godrej Properties has recorded sales of more than 1,000 apartments worth over INR 2,000 crore in the launch week of its newly unveiled residential project, Godrej Vanantara, in Bengaluru. The strong response comes shortly after the project's launch and highlights sustained homebuyer demand in Bengaluru's residential market. Spread across 36 acres, the development has a total developable area potential of 3.53 million sq ft and an estimated revenue potential of INR 3,700 crore. The performance adds to Godrej Properties' growing presence in key housing markets across India.Read more

5 hours ago

The Ministry of Defence has approved the development of a 250 MW solar power project with an integrated Battery Energy Storage System (BESS) on approximately 850 acres of vacant defence land in Sitapur district, Uttar Pradesh. Cleared by Defence Minister Rajnath Singh, the project marks the first solar-plus-storage initiative of its kind undertaken by the ministry. State-owned NTPC will implement the project in coordination with the Integrated Headquarters of the Ministry of Defence (Army) and the Directorate General of Defence Estates. The development is aimed at strengthening energy security for defence establishments, increasing the use of renewable energy and reducing reliance on conventional grid power, while ensuring productive utilisation of unused defence land.Read more

6 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Undavalli village to discuss land acquisition and land pooling activities linked to the development of Amaravati. Senior APCRDA officials informed villagers that landowners named in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme within the stipulated timeframe. The authority also assured residents that concerns related to assigned lands, Lankan lands and local infrastructure needs would be addressed as per government guidelines. APCRDA sought continued cooperation from farmers as development works across the capital region gather pace.Read more

6 hours ago

A TPG-led investor group has acquired grocery-anchored retail real estate company ECHO Realty in a transaction valued at approximately USD 2 billion. The deal marks a significant investment in the retail property sector, particularly in grocery-anchored shopping centres, which have remained resilient amid changing consumer spending patterns and e-commerce growth. The acquisition strengthens TPG Real Estate’s presence in the retail real estate segment and reflects continued investor interest in income-generating retail assets backed by essential services. The transaction is among the notable real estate investment deals announced in the market recently.Read more

7 hours ago

• Bengaluru homeowners with residential buildings up to 2,400 sq ft can now obtain permanent electricity connections without an occupancy certificate (OC), subject to certain conditions.
• BESCOM has clarified that the benefit will extend beyond those who submitted applications before the earlier deadline.
• Homeowners who completed construction or secured temporary electricity connections before the prescribed cut-off can apply for permanent power supply.
• The clarification addresses confusion caused by a recent Karnataka government order and is expected to benefit nearly one lakh households.
• The move comes amid a large backlog of applications for conversion from temporary to permanent electricity connections across Bengaluru.Read more

8 hours ago

Global investment research firm Morningstar has leased an additional 32,551 sq ft of office space at Wadhwa Group’s Vishwaroop IT Park in Vashi, Mumbai, strengthening its presence within the commercial asset. The nine-year lease is expected to generate around INR 43.54 crore in rental revenue for the developer through 2034. Following the transaction, Morningstar’s total occupancy at the project has increased to 4.45 lakh sq ft. The fully leased office development spans 6.25 lakh sq ft of built-up area and generates annual rental income of about INR 75 crore. The deal comes amid sustained demand for office space across India, with the country’s office market recording a record 29.9 million sq ft of leasing activity during the January–March 2026 quarter.Read more

9 hours ago

The Delhi government has initiated a revenue audit of concessionaires operating in the Narela and Bawana industrial areas, covering the period from 2011-12 to 2025-26. The exercise will examine financial records, revenue collections, escrow account transactions and payments made under the public-private partnership model implemented by the Delhi State Industrial Infrastructure Development Corporation (DSIIDC). Auditors will assess whether any deviations, irregularities, excess recoveries, revenue suppression or fund diversions occurred during the redevelopment, operation and maintenance of industrial infrastructure. The review is expected to quantify any financial impact and identify recoverable amounts, providing a detailed assessment of the long-running PPP arrangements in two of Delhi’s key industrial clusters.Read more

10 hours ago

The National Highways Authority of India (NHAI) has introduced a series of technology-driven maintenance measures across the national highway network to improve operational efficiency, road quality and user experience. The state-owned authority has adopted mechanised drain-cleaning equipment, automated pothole repair systems and advanced road-sweeping technologies as part of a broader effort to modernise highway upkeep. The initiative forms part of NHAI’s focus on preventive maintenance, sustainability and stricter enforcement of contractual obligations. According to the authority, the use of modern equipment and maintenance practices is expected to enhance the condition of highways, improve service standards and support a more efficient road management framework across the country.Read more

11 hours ago

• Bihar is preparing to launch a paperless property registration system to reduce paperwork and simplify land and property transactions.
• The new system is expected to allow citizens to complete most registration-related formalities digitally, reducing visits to sub-registrar offices.
• The initiative is part of the state's wider digital governance push, which includes online registration services, e-stamping and integrated land records management.
• Recent reforms such as doorstep property registration for senior citizens and automatic mutation systems have already strengthened Bihar's land administration framework.
• The move is aimed at improving transparency, reducing processing time and making property registration more efficient for buyers and sellers.Read more

12 hours ago

The National Bank for Agriculture and Rural Development (NABARD) is set to raise up to INR 70 billion through a bond issuance with a tenure of three years and one month. The proposed fundraising includes a base issue size of INR 20 billion and a greenshoe option of INR 50 billion. NABARD has invited coupon and commitment bids for the issue, with bidding scheduled for June 10. The bonds have been assigned the highest credit rating of AAA by both ICRA and CRISIL. The fundraising exercise forms part of the development financial institution's borrowing programme to support its lending and refinancing activities focused on agriculture, rural infrastructure and allied sectors across India.Read more

Ghaziabad News Desk

13 hours ago

• Uttar Pradesh has approved an INR 350 crore investment to procure advanced fire tenders and hydraulic platforms for 11 major cities witnessing rapid high-rise development.
• Ghaziabad will receive two 102-metre fire tenders, while Lucknow and Varanasi are set to get high-reach firefighting vehicles capable of handling emergencies in tall buildings.
• The equipment will include hydraulic platforms, telescopic boom systems and turntable ladders designed for rescue and firefighting operations in high-rise structures.
• The move follows growing concerns over fire safety in multi-storey residential and commercial projects across the state.
• The initiative is expected to strengthen emergency response infrastructure as urbanisation and vertical development continue to expand across Uttar Pradesh.Read more

14 hours ago

• The proposed 207.8-km Ramagundam-Manuguru railway line has received key approvals and will be developed at an estimated cost of INR 5,818.45 crore.
• The project will connect coal-producing, industrial and tribal regions across Telangana, improving both passenger and freight movement.
• The new corridor is expected to reduce travel distance between Ramagundam and Manuguru by nearly 90 km while enhancing connectivity to remote districts.
• The railway line is likely to strengthen logistics for coal transportation, support industrial growth and improve access to important locations such as Medaram.
• Authorities are targeting completion of the project within the next five years, including land acquisition and construction activities.Read more

15 hours ago

The Karnataka government has handed over houses to 427 families in Madikeri, providing permanent shelter to beneficiaries under a state-supported housing programme. The initiative is aimed at improving housing access for economically weaker families and those in need of secure accommodation. The housing distribution is part of the state's broader affordable housing and social welfare efforts. With the latest allotment, the government has taken another step towards addressing housing shortages in the region, while helping beneficiary families gain better living conditions, residential security and long-term stability.Read more

10 Jun 2026

APCRDA Additional Commissioner Kollabathula Karthik conducted an inspection of roads and key junctions in Undavalli as part of ongoing plans to improve road infrastructure in the Amaravati capital region. The visit focused on proposed road widening works being undertaken in coordination with various government departments. Accompanied by CRDA Special Deputy Collector A.G. Chinnikrishna, the official reviewed locations likely to be affected by the project, including residential areas near the roads. During the inspection, local residents and farmers raised concerns related to the village, and officials assured them that the issues would be addressed on priority.Read more

10 Jun 2026

• National highway developers have urged the government to notify predefined rates for key construction materials such as bitumen and petroleum products for projects currently under bidding.
• Industry players say differences between estimated project costs and prevailing market prices are creating uncertainty in bid calculations.
• Contractors believe fixed benchmark rates will help improve transparency, reduce speculative bidding and ensure fair competition.
• The demand comes as the government continues to award large highway projects through the National Highways Authority of India (NHAI).
• Developers have also sought greater clarity in cost assessment mechanisms to improve project viability and execution.Read more

10 Jun 2026

Tata Capital Housing Finance is set to raise up to INR 11.25 billion through the issuance of five-year bonds, according to market participants. The proposed fundraising comprises a base issue size of INR 10 billion and a greenshoe option of INR 1.25 billion. The company has fixed a coupon rate of 8.15% and invited commitment bids for the issue on June 10. The bonds have received AAA ratings from CRISIL and ICRA, reflecting the highest level of creditworthiness. The proposed debt issuance comes as non-banking financial companies and housing finance firms continue to access domestic bond markets to secure long-term funding for lending operations, including housing finance and retail credit activities.Read more

10 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has rolled out an extensive monsoon preparedness strategy across Metro Lines 2A, 2B, 7 and 9 to ensure uninterrupted operations during the rainy season. The plan includes deployment of 2,496 CCTV cameras, 30 emergency water pumps, five standby trains, a 24x7 disaster control room and AI-enabled monitoring systems. Special attention has been given to Metro Lines 2B and 9, which are experiencing their first operational monsoon. The initiative also covers flood mitigation, infrastructure maintenance, passenger communication, weather monitoring and coordinated emergency response mechanisms.Read more

10 Jun 2026

Mumbai-based Agami Realty has announced Agami Legends, an ultra-luxury residential project in Kalanagar, Bandra East, overlooking the MIG Cricket Club and Mahim Bay. The development marks a new addition to the city's premium housing segment and is inspired by the values associated with cricket, including discipline, strategy and legacy. Former Indian cricket captain Sunil Gavaskar has joined Agami Realty as its brand ambassador and will endorse the project. Planned as a low-density residential tower with 67 homes, the development aims to combine privacy, connectivity and thoughtfully designed living spaces in one of Mumbai's established residential neighbourhoods.Read more

10 Jun 2026

• Indian Railways has approved the INR 220.51 crore doubling of the 10.65-km Mararikulam-Alappuzha rail section in Kerala.
• The project will remove the last remaining single-line bottleneck on the Ernakulam-Alappuzha-Kayamkulam corridor.
• Once completed, the upgraded section will support nine additional passenger trains in each direction every day.
• The project is expected to increase freight capacity by 2.88 million tonnes annually and improve network efficiency.
• The approval forms part of the Centre's ongoing efforts to strengthen rail infrastructure and capacity across Kerala.Read more

10 Jun 2026

Janus Henderson Group has announced plans to close and liquidate its Janus Henderson U.S. Real Estate ETF (JRE), marking the end of the fund’s operations. The asset manager said the ETF will stop accepting creation orders in August, with trading set to be halted shortly thereafter. Investors holding shares in the fund will receive liquidation proceeds following the completion of the process. The move comes as asset managers continue to review product offerings and streamline investment portfolios based on investor demand, assets under management and market conditions.Read more

10 Jun 2026

• The Great Nicobar Project aims to develop the island into a strategic maritime and economic hub near the East–West international shipping route while strengthening India's security presence in the Indo-Pacific region.
• The project includes a transshipment terminal, international airport, township and hybrid gas-solar power plant to support long-term regional development.
• Authorities have emphasised environmental safeguards, including 42 clearance conditions, phased implementation and compensatory afforestation measures.
• The government has stated that no displacement of Shompen and Nicobarese communities is proposed, with tribal welfare and ecological protection integrated into project planning.Read more

10 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) carried out a special drive to remove unauthorized encroachments in parts of Amaravati as part of the capital city's planned development and zoning regulations. The exercise was conducted in Krishnayapalem and Venkatapalem villages, where officials cleared structures obstructing roads, footpaths and public land. Authorities stated that the initiative was aimed at improving public safety, easing traffic movement and ensuring compliance with urban planning norms. APCRDA also cautioned against future encroachments on government land and public spaces, warning that violations would attract strict action under existing regulations.Read more

10 Jun 2026

Riyad REIT has completed the sale of a property held through one of its international investments, Riyad International Real Estate (IV). Following the transaction, the fund's total proceeds from the investment have reached SAR 67 million. The fund manager stated that the disposal is expected to strengthen Riyad REIT's liquidity position and provide additional financial flexibility. The proceeds are planned to be deployed across several strategic initiatives aimed at supporting the fund's investment objectives. The transaction forms part of the fund's ongoing efforts to optimise its portfolio and manage capital efficiently.Read more

10 Jun 2026

The Municipal Corporation of Delhi (MCD) has demolished 26 unauthorised properties across the capital as part of an intensified enforcement drive launched following a recent fire tragedy that exposed serious violations of building and fire safety norms. The action forms part of a wider crackdown by civic and government authorities targeting illegal constructions, encroachments and buildings operating without mandatory approvals. The drive has focused on properties found to be in breach of sanctioned building plans, occupancy regulations and safety requirements. Authorities have indicated that enforcement measures, including demolitions and sealing operations, will continue across multiple zones as Delhi seeks to strengthen compliance with urban development and fire safety regulations after the deadly incident.Read more

10 Jun 2026

• Adani Ports and Special Economic Zone (APSEZ) has secured a 10-year marine services contract linked to Argentina’s first operational LNG export project, marking its entry into South America.
• The contract was awarded through a consortium between Adani Harbour International FZCO and Argentina-based Meridian Group following a global competitive bidding process.
• The consortium will provide tugboat operations, offshore logistics support and crew transfer services for the Southern Energy FLNG project.
• The project is expected to strengthen energy trade links between India and Argentina and support LNG exports of up to 10 million tonnes annually from 2027.Read more

10 Jun 2026

Tata Consultancy Services (TCS) has renewed the lease for nearly 1.5 million sq ft of office space at its Chennai campus in a deal valued at approximately INR 1,420 crore over ten years, making it one of India's largest office lease renewals of 2025. The long-term commitment reinforces Chennai's position as a key technology and business destination while reflecting continued demand for large-scale Grade A office spaces. The transaction also highlights the confidence of major IT firms in maintaining substantial physical workspaces despite evolving workplace strategies across the sector.Read more

10 Jun 2026

The Uttar Pradesh government has initiated a review of legal provisions governing real estate transactions under the Real Estate (Regulation and Development) Act (RERA), corporate restructuring and Limited Liability Partnerships (LLPs) as part of a broader effort to simplify business processes and improve the ease of doing business in the state. Chief Minister Yogi Adityanath has directed officials to align existing legal frameworks with evolving economic and investment requirements amid rapid urbanisation and growing real estate activity. The proposed reforms are expected to streamline property-related transactions, strengthen transparency and modernise administrative processes within the Stamp and Registration Department. The move forms part of the state's wider push towards technology-driven governance and investor-friendly regulatory systems.Read more

10 Jun 2026

• The Rajasthan High Court has ruled that toll collection rights granted by NHAI to concessionaires are taxable under GST when provided as consideration for highway construction services.
• The judgment arose from a dispute involving CG Tollway Limited, which developed a section of NH-8 under a DBFOT concession model.
• The court clarified that while toll paid by road users remains GST-exempt, the right to collect toll granted in return for construction work does not qualify for the same exemption.
• The ruling upheld a GST demand exceeding INR 16 crore against the concessionaire.
• The decision could have significant implications for road developers and infrastructure companies operating under BOT and concession-based highway projects.Read more

10 Jun 2026

The Chicago Bears have taken a significant step toward potentially relocating their future home stadium to Hammond, Indiana, after the team's board of directors approved moving forward with the project. While a final site has not yet been selected, the decision marks the first time the board has formally voted on a stadium location. The move follows a lack of legislative support in Illinois for stadium-related incentives and comes as Indiana continues to offer substantial financial assistance. If completed, the project could see the Bears play home games outside Illinois for the first time in the franchise's 106-year history.Read more

10 Jun 2026

Adani Energy Solutions Ltd (AESL) has signed a binding agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for INR 3,050 crore, subject to regulatory approvals. The transaction is expected to strengthen AESL’s position in India’s rapidly expanding smart metering sector by increasing its smart meter portfolio to more than 4.7 crore units. IntelliSmart, a joint venture between the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), operates across several key states and is among the country’s leading smart meter asset owners and operators.Read more

10 Jun 2026

Godrej Properties has reported home sales worth more than INR 20 billion at the launch of its residential project, Godrej Vanantara. The strong response highlights sustained demand for residential housing despite evolving market conditions. The sales achievement adds to the company's growing portfolio of successful project launches and reflects continued buyer interest in branded developments offered by established developers. The performance is also in line with the broader trend of healthy residential demand seen across key Indian property markets, where end-users and investors continue to drive sales in newly launched projects.Read more

10 Jun 2026

The Central Bureau of Investigation (CBI) has filed a chargesheet against Gurugram-based Ninex Developers and one of its directors as part of its ongoing investigation into the alleged builder-banker nexus that has affected thousands of homebuyers. The case forms part of a Supreme Court-mandated nationwide probe into allegations of cheating, diversion of funds and financial irregularities involving real estate developers and unidentified officials of banks and financial institutions. The agency has alleged that the developer lured homebuyers and investors through misleading assurances and collected funds without fulfilling project commitments. The chargesheet is the 11th filed by the CBI under the wider investigation, which currently covers 50 cases across the country involving housing projects and alleged fraud against homebuyers.Read more

10 Jun 2026

Swiss construction chemicals manufacturer Sika is positioning itself for growth by expanding its presence in China's renovation sector, strengthening its automotive business, and capitalising on rising demand for data centres globally. The company has adjusted its strategy in China by reducing its reliance on new-build projects and focusing more on refurbishment work in mature urban markets. In the United States, Sika is increasing its share in infrastructure projects such as roads and bridges, while also benefiting from growing investments in data centres across Europe and Asia. The company also sees early signs of improvement in parts of the European construction market.Read more

10 Jun 2026

Maharashtra Chief Minister Devendra Fadnavis approved 65 railway infrastructure projects under the state Rail Infrastructure Development Corporation, MahaRail, at a review meeting in Mumbai on Monday. The projects forming the first phase of 131 proposed works on roads under the Public Works and Urban Development departments include railway overbridges, underpasses, and pedestrian bridges aimed at eliminating level crossings across the state. A total of 80 railway infrastructure projects have been proposed in urban centres statewide, with 17 in the Mumbai Metropolitan Region alone. Funding is to be arranged through HUDCO, with mechanisms to reduce borrowing costs being explored.Read more

10 Jun 2026

The Supreme Court has been urged to direct the Municipal Corporation of Delhi (MCD) to disclose the action taken against illegal and unauthorised constructions across the capital following the collapse of a five-storey building in Saidulajab that killed six people and injured at least 14 others. A court-appointed amicus curiae has sought a comprehensive affidavit detailing enforcement measures, structural audits and action against erring officials. The plea highlights alleged regulatory failures despite repeated bookings of the building for unauthorised construction over more than a decade. The development comes amid heightened scrutiny of illegal constructions in Delhi and broader judicial concerns regarding violations of building regulations, land-use norms and municipal enforcement mechanisms.Read more

10 Jun 2026

Marriott International has entered into a multi-property agreement with CG Hospitality Global to develop three luxury hotels across India and Nepal, strengthening its expansion strategy in South Asia. The partnership will add nearly 450 rooms to Marriott’s regional portfolio by 2031 through the development of The Ritz-Carlton Kathmandu, The Westin Kathmandu and JW Marriott Hotel Siliguri in West Bengal. The projects are aimed at tapping growing demand in key hospitality markets across the region. CG Hospitality Global, part of CG Group Global, brings extensive regional expertise and operates a portfolio of more than 220 hotels and resorts across 12 countries. The agreement reflects continued investment activity in South Asia’s premium hospitality segment.Read more

10 Jun 2026

• Mumbai’s food culture extends beyond popular restaurants, with many lesser-known neighbourhood eateries located near railway stations forming a strong local food map across the city.
• These spots include long-standing Maharashtrian breakfast stalls, iconic South Indian cafés, seafood joints, Indo-Chinese eateries, and heritage restaurants serving traditional recipes passed down over decades.
• Often within walking distance of major stations, these hidden gems remain everyday favourites for locals, offering authentic flavours, affordability, and cultural depth away from mainstream tourist attention.Read more

10 Jun 2026

The Supreme Court has directed the implementation of a mediated settlement in a long-running dispute involving the family of late real estate developer Ashok Varma and assets linked to the Ardee Group. The matter, centred on control of family-owned real estate holdings and business interests, involved Varma's daughters, Shefali Varma and Shibani Varma Kapur. Following mediation led by former Supreme Court judge Justice Kurian Joseph, the parties reached an agreement resolving major areas of contention. The apex court has now ordered execution of the settlement and granted time for completion of the implementation process. The development marks a significant step towards concluding years of litigation surrounding one of the prominent family disputes connected to the Gurugram-based real estate group.Read more

10 Jun 2026

• MMRDA’s Annual Accounts for FY 2023–24 reflect continued investment in major transport, water supply and regional infrastructure projects across the Mumbai Metropolitan Region.
• The Authority’s Budget 2026–27 marks its first surplus budget since 2017–18, with a total outlay of INR 48,072.57 crore and a projected surplus of INR 17 lakh.
• Around 87% of the proposed expenditure has been earmarked for development projects and schemes, underscoring a strong infrastructure-focused spending strategy.
• The budget prioritises regional connectivity, urban mobility, water security, climate resilience and decentralised growth under the Mumbai 3.0 development vision.Read more

10 Jun 2026

• A fatal incident in a Greater Noida housing society has raised concerns over structural safety in high-rise residential buildings.
• Authorities have ordered a structural audit of the affected residential complex following the accident.
• Residents staged protests, demanding accountability and immediate safety inspections across the project.
• The incident has reignited discussions around maintenance standards and long-term building safety in NCR's housing sector.Read more