7 minutes ago

Fuji Media Holdings has reportedly received stronger-than-anticipated investor interest for the sale of its real estate subsidiary, Sankei Building, with multiple bids exceeding JPY 1 trillion (USD 6.26 billion). According to a Bloomberg News report, more than 15 companies participated in the first round of bidding, including global investment firms KKR, Blackstone and Goldman Sachs. The reported offers surpass earlier estimates that valued the business between JPY 500 billion and JPY 800 billion. Fuji Media is now expected to reopen the initial bidding process to allow additional time for evaluating proposals, with revised bids due by mid-June. The transaction highlights continued investor appetite for large-scale real estate assets in Japan despite a challenging global investment environment.Read more

37 minutes ago

Home loan borrowers are closely monitoring the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, being held from June 3 to June 5, as expectations build around the future trajectory of interest rates and lending costs. While inflation has remained broadly within the central bank’s comfort range, concerns over rising global energy prices, potential weather-related disruptions and the possibility of higher food inflation continue to influence the policy outlook. At the same time, signs of moderating economic growth have added complexity to the RBI’s decision-making process. Industry stakeholders expect the central bank to maintain its current policy stance, with the meeting’s commentary likely to provide important guidance on borrowing costs, home loan EMIs and housing demand trends over the coming months.Read more

1 hour ago

The Uttar Pradesh government has approved urban development projects worth around INR 3,500 crore for Agra, Bareilly and Prayagraj as part of its broader strategy to expand planned urbanisation and create new growth centres across the state. The investment will support township development, housing, infrastructure creation and urban expansion in three key cities. The move aligns with the state's New City Promotion Scheme and wider urban development agenda, which focuses on reducing pressure on existing urban centres while improving infrastructure and housing availability. The projects are expected to strengthen real estate activity, improve civic infrastructure and create new opportunities for residential and commercial development in the three cities.Read more

1 hour ago

Nexus Seawoods Mall in Navi Mumbai has launched the fourth edition of its Denim & Sneaker Fest, a retail-focused shopping event running until June 21. Timed to coincide with the back-to-school and college shopping season, the festival brings together a range of international and domestic fashion brands showcasing denim apparel and sneaker collections. Alongside product launches and seasonal promotions, the event features consumer engagement activities including sneaker customisation workshops, denim upcycling sessions and interactive DIY stations. The initiative forms part of the mall's efforts to drive footfall and retail spending during the summer shopping period by offering a mix of fashion-focused experiences, promotional campaigns and brand activations across its retail premises.Read more

2 hours ago

The Himachal Pradesh government is preparing a new land pooling policy modelled on frameworks adopted in other states as it seeks to support planned urban expansion, reduce congestion in key cities and facilitate township development. The decision was taken during a meeting of a Cabinet Sub-Committee reviewing measures to ease pressure on Shimla, major industrial centres and district headquarters. The proposed policy is expected to play a key role in the development of a new township in the Baddi-Barotiwala-Nalagarh (BBN) region and a satellite town near Chandigarh. State authorities have indicated that the policy will focus on land assembly through stakeholder participation, enabling infrastructure creation and urban development without relying solely on conventional land acquisition methods.Read more

2 hours ago

Danube Properties has expanded its international presence with the opening of a new sales office in Knightsbridge, Central London, strengthening its footprint in the United Kingdom. The office, located at 44 Brompton Road, follows the launch of the developer’s first UK office in Harrow two years ago. Designed to serve investors and homebuyers interested in Dubai real estate, the facility will offer personalised advisory services, dedicated marketing suites and virtual reality-based property showcases. The expansion forms part of the UAE-based developer’s broader strategy to increase engagement with overseas investors and build a stronger presence in key global markets. The company has also indicated plans to pursue further growth across the UK and Europe in the coming years.Read more

3 hours ago

PNB Housing Finance is set to raise up to INR 5 billion through a five-year bond issue, according to market sources. The proposed fundraising includes a base issue size of INR 4 billion and a greenshoe option of INR 1 billion. The non-convertible debentures will carry an annual coupon rate of 8.35%, with investor commitments scheduled to be sought on June 5. The issue has received AAA ratings from Care Ratings and India Ratings, indicating the highest degree of creditworthiness. The proposed bond sale comes amid continued activity in India's corporate debt market, where highly rated financial institutions are tapping investors to secure long-term funding amid evolving interest rate conditions.Read more

3 hours ago

Sattva Group, in partnership with Knowledge Realty Trust and rePurpose Global, has advanced the Karnataka Zero Waste Initiative with a field visit across key waste management and coastal restoration sites in Dakshina Kannada. Launched on Earth Day 2026, the three-year programme aims to recover between 3.5 million and 4.5 million kilograms of waste, integrate 80,000 households into formal waste management systems and reduce plastic leakage across 50 coastal villages. During the visit, representatives reviewed operations at Someshwara Beach, Kadeshwalya village, Pachanady and the Bantwal Material Recovery Facility. The initiative has already recovered more than 1.5 lakh kilograms of dry waste and processed over 50,000 kilograms of low-value plastic, while supporting waste workers and strengthening local waste management infrastructure.Read more

4 hours ago

The Union Cabinet has approved two highway development projects worth INR 4,415.60 crore in Madhya Pradesh aimed at improving connectivity, road safety and freight movement across key districts. The projects involve upgrading and widening sections of NH-347B covering more than 108 km through Betul, Khandwa, Khargone and Barwani districts. The plan also includes the construction of a 16.20-km greenfield bypass in Khargone. Implemented under the Hybrid Annuity Model (HAM), the projects are expected to address existing geometric deficiencies, congestion and safety concerns while strengthening links to economic, logistics and social infrastructure nodes under the PM Gati Shakti framework.Read more

4 hours ago

Uttar Pradesh's real estate regulator has stated that more than 1.15 lakh residential and commercial units are currently available for sale across the state, rejecting concerns about any immediate supply shortage. The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has cautioned prospective homebuyers and investors against claims by developers or property agents suggesting that inventories are running low or that prices are likely to increase sharply. According to the regulator, the available stock includes flats, villas, plots, shops, offices and other commercial properties spread across the western, central and eastern regions of the state. UP RERA has advised buyers to conduct thorough due diligence, verify project details through the regulator's portal and make property investment decisions based on facts rather than marketing pressure.Read more

5 hours ago

• Kyro Capital has launched the Kyro India Opportunities Fund – I, a SEBI-registered Category II Alternative Investment Fund with a target corpus of INR 100 crore.
• The fund will invest in profitable growth-stage Indian companies expected to pursue initial public offerings within 24–36 months.
• Key sectors include energy and power, advanced manufacturing, aerospace and defence supply chains, and consumer and FMCG businesses.
• The fund targets a 35% internal rate of return (IRR) through pre-IPO primary investments and has a tenure of five years, extendable by two years.
• The first close is targeted for July 2026, with the platform expected to expand into additional India-focused and international investment strategies.Read more

6 hours ago

The Himachal Pradesh government has decided to prepare a Land Pooling Policy modelled on successful land assembly frameworks adopted in other states, including Punjab, as part of its broader urban planning and decongestion strategy. The decision was taken during a meeting of a Cabinet Sub-Committee chaired by Revenue, Horticulture and Tribal Development Minister Jagat Singh Negi. The committee reviewed plans for a new township in the Baddi-Barotiwala-Nalagarh (BBN) industrial belt and a proposed satellite town inspired by Chandigarh’s development model. Officials informed the panel that around 7,042 bighas of land had already been consolidated for the project. The meeting also focused on reducing traffic congestion in Shimla through infrastructure upgrades, relocation of wholesale markets and improved traffic management measures across key junctions.Read more

7 hours ago

SOTC Travel has introduced a month-wise spiritual tourism calendar covering pilgrimage circuits, religious festivals and faith-based travel experiences across India and neighbouring countries amid rising demand for spiritually oriented travel. The curated programme includes destinations such as Char Dham, Kailash Mansarovar, Ayodhya, Varanasi, Tirupati and the Sri Lanka Ramayana Trail, alongside major religious events including Rath Yatra, Janmashtami, Dev Deepawali and Onam. The company stated that travellers are increasingly combining pilgrimage with cultural exploration, heritage tourism and immersive local experiences. SOTC added that demand is being driven by senior citizens, families and multigenerational groups seeking organised travel with integrated logistics, accommodation and on-ground support as spiritual tourism evolves into a year-round travel segment.Read more

8 hours ago

Continuing geopolitical tensions in West Asia could prompt the Reserve Bank of India (RBI) to retain a cautious monetary policy stance amid renewed inflationary pressures, according to Umesh Gowda H A, Chairman and Founder of Sanjeevini Group. He noted that elevated commodity prices and currency market volatility stemming from the conflict are creating uncertainty around inflation and economic growth. While rising construction costs may gradually push up housing prices and temper short-term buyer sentiment, a stable interest rate environment would provide support to home loan borrowers. Developers are also expected to focus on product innovation and calibrated ticket sizes to sustain affordability and maintain demand across residential markets.Read more

9 hours ago

Inflection Point Ventures (IPV) has become one of the first investment platforms in India to provide investors access to startup deal flow from Y Combinator (YC), the Silicon Valley accelerator known for backing companies such as Airbnb, Stripe, Dropbox, Razorpay, Groww, Meesho and Zepto. Through its IPV Ultra platform, the firm will offer curated access to early-stage YC startups using the GIFT City investment framework. IPV has also announced its first investment from YC’s Winter 2026 cohort in Congruent, an artificial intelligence-driven radar technology company focused on autonomous vehicles. The move expands global startup investment opportunities for Indian ultra-high-net-worth investors and strengthens IPV’s international investment strategy. The company has invested more than INR 900 crore across over 280 startups and reported 16 exits during FY26.Read more

10 hours ago

Western Railway has started fencing and concreting work on reclaimed land at Garib Nagar in Bandra East following the demolition of more than 500 unauthorised structures. The cleared land, spread across about 5,200 sq m, has been secured to prevent fresh encroachments and facilitate the planned expansion of Bandra Terminus. The project forms part of broader efforts to increase station capacity and improve rail infrastructure in Mumbai. Authorities have accelerated site protection measures while continuing debris removal and land development activities.Read more

11 hours ago

Bajaj Housing Finance has raised INR 20 billion through the reissue of its 7.83% May 2029 bonds, according to bankers involved in the transaction. The housing finance company accepted bids for the issue on June 4 and is expected to offer investors a yield of 8.15%. The bonds have a residual maturity of nearly three years and carry the highest AAA credit rating from Crisil. The fundraising comes amid active participation by financial institutions in India's corporate debt market as companies seek to secure medium-term funding through bond issuances. The transaction adds to a series of debt market deals announced this week, including planned bond offerings by PNB Housing Finance and REC.Read more

12 hours ago

• HTL International has outlined a series of sustainability initiatives across its furniture and sleep product businesses, focusing on material innovation, responsible sourcing and environmentally conscious manufacturing.
• The company has introduced upholstery fabrics made from recycled PET bottles, with each metre of fabric incorporating up to 37 recycled plastic bottles.
• Sustainable materials, certified fabrics and environmentally managed production processes are being deployed across its brands, including Fabbrica, Domicil and Corium.
• HTL has also strengthened traceability and environmental standards across its leather sourcing and tanning operations.
• The company said growing consumer awareness around sustainable living is driving demand for products that balance environmental responsibility with performance and design.Read more

13 hours ago

Essential Properties Realty Trust, Inc. has announced the pricing of USD 400 million of senior notes carrying a 5.375% interest rate and maturing in 2036. The debt issuance forms part of the company’s capital-raising strategy and is expected to support its funding requirements, including potential investments, refinancing and other corporate purposes. The real estate investment trust (REIT), which focuses on acquiring and managing single-tenant properties across the United States, continues to access the debt market as investors seek stable income-generating real estate assets amid evolving interest rate conditions.Read more

14 hours ago

Delhi Lieutenant Governor Taranjit Singh Sandhu has called for a coordinated and time-bound strategy across the National Capital Region (NCR) to address air pollution before the onset of winter. During a review meeting with the Commission for Air Quality Management (CAQM), officials identified road dust, vehicular emissions, biomass burning and industrial pollution as major pollution sources. The discussions focused on inter-agency coordination, dust-control measures, mechanised road sweeping and long-term environmental strategies aimed at improving air quality across Delhi-NCR.Read more

15 hours ago

Mumbai’s western suburbs are emerging as the city’s primary redevelopment corridor as ageing residential societies, limited land availability and expanding infrastructure networks accelerate urban renewal activity across locations including Santacruz, Andheri, Goregaon, Kandivali and Dahisar. Industry estimates indicate that redevelopment-led projects could add more than 44,000 housing units valued at nearly INR 1.3 lakh crore in the coming years. According to Knight Frank India, over 900 housing societies across Mumbai have signed redevelopment agreements since 2020, with a significant share concentrated in the western suburbs. Alongside housing society redevelopment, slum rehabilitation projects continue to reshape several suburban clusters, with more than 2,500 projects reportedly completed across Mumbai over the past three decades, benefiting approximately 2.83 lakh families and expanding the city’s formal housing supply.Read more

16 hours ago

• Delhi government has directed MCD to intensify action against illegal constructions after a building collapse near Saket Metro station in south Delhi.
• The incident led to multiple casualties and injuries, triggering urgent administrative response.
• Authorities have started inspections in vulnerable areas, especially across South Delhi zones like Saket and Mehrauli.
• Notices are being issued to owners of unauthorized buildings, with sealing and eviction drives planned.
• The government has also ordered accountability for officials linked to enforcement lapses and violations.Read more

06 Jun 2026

• GVMC Commissioner Ketan Garg has directed officials to speed up the processing of pending building permissions, Land Regularisation Scheme (LRS) applications and Transferable Development Rights (TDR) approvals to improve service delivery across Visakhapatnam.
• The civic administration reviewed approval pendency levels and flagged delays affecting planning, development and citizen-related applications, calling for stronger inter-departmental coordination.
• Faster clearances are expected to support urban development, improve investor confidence, reduce procedural bottlenecks and ensure timely implementation of real estate and infrastructure projects.Read more

06 Jun 2026

• BMC has installed four seismographic instruments at the construction site of a multimodal transit hub near Dahisar Toll Naka, following complaints from residents of the adjacent Madhuban Cooperative Housing Society of structural cracks caused by repeated blasting.
• The INR 1,500-crore project, being built on the site of the defunct Octroi Naka, involves regular explosions that residents and nearby shopkeepers describe as generating earthquake-like tremors across the neighbourhood.
• Residents approached local MLA Prakash Surve, who wrote to Municipal Commissioner Ashwini Bhide requesting a halt to excavation work, raising accountability concerns if buildings collapse.
• The seismograph readings will determine whether the ongoing blasting is directly responsible for the structural damage reported in surrounding buildings and commercial establishments.Read more

06 Jun 2026

Migsun Group has announced plans to invest approximately INR 250 crore in a new residential development in Rohini, New Delhi. The project will comprise nearly 500 premium serviced apartments and is aimed at catering to rising demand for professionally managed residences that combine residential comfort with hospitality-led services. The announcement reflects increasing developer interest in the premium serviced living segment amid evolving housing preferences in urban markets. Migsun Group, which has a portfolio spanning 20 million sq ft across completed and ongoing developments, said the project will focus on delivering managed residential accommodation in the national capital's residential market.Read more

06 Jun 2026

Mumbai-based building services engineering consultancy Clancy Global has completed 20 years of operations, marking two decades of growth from a UK outsourcing MEP consultancy practice into a multidisciplinary engineering firm. The company has delivered engineering solutions for more than 800 projects across over 60 cities in India and overseas markets. Its portfolio spans commercial, residential, healthcare, hospitality, industrial, institutional and data centre developments. Over the years, Clancy Global has worked on projects including Prozone Mall in Aurangabad, Silver Springs township in Indore, Hiranandani Rodas Enclave in Thane and Tata Cancer Care Hospital in Varanasi. The firm said it will continue investing in digital engineering technologies, sustainability-focused design and integrated building solutions as the built environment sector adopts increasingly technology-driven approaches.Read more

Bangalore News Desk

06 Jun 2026

AFC Furniture Solutions has announced plans to expand its operations across Karnataka as growing demand from Global Capability Centres (GCCs), technology companies and commercial real estate developments continues to reshape workplace requirements in the state. The company is targeting 30% revenue growth in FY 2026-27, with Karnataka expected to play a central role in its expansion strategy. The move comes as Bengaluru remains India’s largest office market, supported by strong absorption of Grade-A office space and increasing occupier demand from technology, fintech and AI-driven firms. AFC plans to strengthen its presence through enhanced project execution capabilities, expanded design consultancy services and deeper partnerships with developers and corporate occupiers across Bengaluru and other emerging business centres.Read more

06 Jun 2026

Industry stakeholders have welcomed the Reserve Bank of India's decision to keep policy rates unchanged and maintain its neutral monetary policy stance, saying the move provides stability at a time of heightened geopolitical tensions, volatile commodity markets and global economic uncertainty. Real estate investors and developers believe a predictable interest rate environment will support buyer confidence, capital deployment and project execution. Market participants also expect growing investor interest in alternative investment vehicles such as real estate-focused AIFs as traditional asset classes remain exposed to global market fluctuations. The sector continues to face challenges from rising construction costs and cautious sentiment, but industry leaders maintain that stable monetary conditions will help sustain long-term growth and investment activity.Read more

06 Jun 2026

The Centre has announced plans to roll out between 50 and 100 ethanol fuel dispensing stations across Delhi-NCR, Mumbai, Pune and Nagpur as part of efforts to reduce dependence on imported fossil fuels. Petroleum and Natural Gas Minister Hardeep Singh Puri said the network is expected to expand to 500 stations by the end of 2026 and further to 5,000 outlets by the end of 2027. The announcement coincided with the launch of India’s first flex-fuel car by Maruti Suzuki. The government is also moving to widen the use of higher ethanol blends and alternative fuels through proposed amendments to vehicle emission norms. Officials said increased adoption of flex-fuel vehicles could generate substantial additional ethanol demand and boost farmer incomes while lowering crude oil imports and carbon emissions.Read more

06 Jun 2026

Ares Real Estate Income Trust has entered into a USD 100 million subscription agreement with Perigee SPV, according to a recent filing with the US Securities and Exchange Commission (SEC). The transaction is expected to provide additional capital to the real estate investment trust and further strengthen its funding base. The latest agreement comes as the company continues to pursue capital-raising initiatives through private placements and strategic investment structures. The filing did not disclose detailed financial terms beyond the subscription amount, but the move highlights the REIT’s ongoing efforts to secure long-term capital for its investment and growth plans.Read more

06 Jun 2026

Dubai-based real estate developer and investor Sweid & Sweid has signed The Executive Centre (TEC) to operate more than 53,000 sq ft of premium flexible workspace at Sweid One, its Grade A commercial development in Jumeirah Lakes Towers (JLT) within the DMCC free zone. The agreement marks TEC’s entry into DMCC and expands its presence across key commercial hubs in the UAE. TEC will occupy two full floors at the development, offering serviced offices, meeting facilities, collaborative workspaces and event areas. Sweid One spans approximately 1 million sq ft of built-up area, including around 500,000 sq ft of Grade A office space. The partnership reflects growing demand from businesses seeking flexible, high-quality work environments within established commercial districts.Read more

06 Jun 2026

• The National Highways Authority of India (NHAI) has commenced a detailed survey for the proposed widening of the Trichy–Karur highway in Tamil Nadu.
• The exercise will assess land requirements, traffic conditions and engineering feasibility for upgrading the corridor to improve connectivity and traffic movement.
• The highway serves as a key link between Tiruchirappalli, Karur and western Tamil Nadu, with growing vehicle volumes prompting plans for capacity enhancement.Read more

06 Jun 2026

Pune is strengthening its position as one of India’s most attractive real estate investment markets in 2026, driven by robust employment growth, expanding infrastructure and sustained housing demand. The city continues to benefit from the growth of major IT hubs, metro connectivity projects, the proposed Ring Road and improving transport infrastructure. Compared with Mumbai and Bengaluru, Pune offers relatively affordable property prices while maintaining strong prospects for capital appreciation and rental income. Key micro-markets including Hinjewadi, Baner, Wakad, Kharadi, Tathawade and Mahalunge are witnessing significant residential and commercial development. Supported by demand from professionals, families, students and NRIs, Pune’s residential market is increasingly attracting investors seeking a balance between affordability, lifestyle amenities and long-term growth potential.Read more

06 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated discussions with environmental organisations, researchers and industry stakeholders to position the city as a recycling hub through a series of circular economy and waste management initiatives. At a special meeting chaired by Municipal Commissioner Dr Kailas Shinde, proposals ranging from plaster of Paris (POP) idol recycling and decentralised waste management to textile recycling, biomass briquettes and biodegradable alternatives to single-use plastics were reviewed. The civic body is also considering a recycling project proposed by the Institute of Chemical Technology (ICT), Mumbai. The discussions come as NMMC prepares for the implementation of Solid Waste Management Rules, 2026, while seeking sustainable solutions for festival idol immersion, urban biodiversity conservation and citizen participation in environmental governance.Read more

06 Jun 2026

The Gurugram administration has made fire safety audits mandatory for offices, malls, hotels, hospitals, schools and other commercial establishments across the district following growing concerns over fire preparedness in public buildings. Property owners and occupiers have been directed to undertake comprehensive safety inspections and address deficiencies in firefighting systems, emergency exits and evacuation protocols. The move comes amid heightened scrutiny of fire safety compliance in urban centres and is aimed at strengthening preparedness, reducing risks and improving public safety across high-footfall commercial and institutional properties.Read more

06 Jun 2026

Marseilia Egyptian Gulf Real Estate Investment reported a consolidated net profit attributable to shareholders of EGP 54.2 million for the first quarter of the year. The company also recorded consolidated revenue of EGP 550.2 million during the quarter. The latest financial results indicate continued business activity and revenue generation despite ongoing challenges in Egypt’s real estate sector, including inflationary pressures and higher construction costs. The performance provides an early indication of the company's operational momentum for the current financial year as developers continue to focus on project execution and sales.Read more

Noida News Desk

06 Jun 2026

NorthWind Estates has secured a 5-acre land parcel in Sector 22D along the Yamuna Expressway after emerging successful in a Yamuna Expressway Industrial Development Authority (YEIDA) auction with a bid of INR 189 crore. The acquisition strengthens the developer’s presence in a region witnessing heightened real estate activity due to the upcoming Noida International Airport and associated infrastructure projects. Located within the airport influence zone, Sector 22D has emerged as a key destination for residential and urban development. The transaction comes as YEIDA records renewed interest in group housing projects, with established developers increasingly participating in land auctions to capitalise on the long-term growth prospects of the Yamuna Expressway corridor.Read more

06 Jun 2026

• The Association of Global NICMARians (AGNI) hosted ASPIRE 2026 in Mumbai, bringing together professionals from the construction, infrastructure, real estate and project management sectors.
• The symposium focused on the theme “Innovation to Transformation”, highlighting technology adoption, artificial intelligence, sustainability and data-driven decision-making.
• AGNI announced plans to launch an Industry Benchmarking Programme and a digital ecosystem featuring multiple industry-focused tools.
• The event also marked the launch of the first AGNI Excellence Awards, which attracted 34 nominations and shortlisted 12 startups.
• AGNI and the Construction Industry Development Council (CIDC) agreed to collaborate on industry development, skill enhancement and innovation adoption initiatives.Read more

06 Jun 2026

The Delhi Development Authority (DDA) has launched a Single Window Clearance System for its Online Building Plan Approval System (OBPAS), developed and implemented by SoftTech Engineers Limited. The digital platform is designed to streamline the building permit approval process by integrating application submission, compliance scrutiny, approvals, inspections and no-objection certificate (NOC) coordination within a unified system. The platform incorporates AI-powered CAD scrutiny, real-time tracking, geo-tagged site inspections, online fee payments and digital certificate issuance. The initiative aims to improve transparency, reduce processing timelines and minimise manual intervention in building approvals, supporting DDA’s broader objective of delivering efficient and technology-driven urban governance in the national capital.Read more

06 Jun 2026

• Bihar has announced plans to develop 11 mega industrial parks and create a 50,000-acre land bank to support future industrial and manufacturing projects across the state.
• The government will also establish food parks in all 38 districts to boost agro-processing, local industries and employment opportunities.
• The initiative aims to improve land availability for investors, strengthen industrial infrastructure and enhance Bihar’s ease of doing business ecosystem.
• Officials have been directed to simplify approvals, promote entrepreneurship and accelerate growth in sectors such as food processing, textiles, pharmaceuticals and MSMEs.
• The move forms part of Bihar’s broader strategy to attract private investment, expand industrial activity and generate long-term employment.Read more

06 Jun 2026

• PDS has been certified as a Great Place to Work across 10 countries, including India, Hong Kong, Germany, China, Bangladesh, Vietnam, the UK, Turkiye, Sri Lanka and Pakistan.
• The certification was based on direct employee feedback, with nearly 90% participation across surveyed locations.
• The company said the recognition reflects its focus on fostering trust, inclusion, collaboration and employee empowerment.
• PDS continues to invest in leadership development, employee engagement, wellbeing initiatives and recognition programmes across its global operations.
• The certification is awarded through a research-based assessment of workplace culture, employee trust, pride and camaraderie.Read more

06 Jun 2026

The Delhi Development Authority (DDA) has extended the booking deadline for flats under its Towering Heights Housing Scheme in Karkardooma, East Delhi, until June 30, offering additional time to both individual homebuyers and government agencies interested in bulk purchases. The extension follows earlier revisions to the booking schedule and comes as DDA continues to market one of the capital’s most prominent residential developments. Developed under the supervision of NBCC, the project comprises a 48-storey residential tower rising 155 metres, making it Delhi’s tallest residential building. The scheme is also the first housing project to be developed under the city’s Transit Oriented Development (TOD) policy, aimed at promoting high-density housing around public transport infrastructure.Read more

Kolkata News Desk

06 Jun 2026

• SOTC Travel has expanded its retail network in West Bengal with the launch of a new outlet on B.T Road in Kolkata.
• The new branch marks the company’s ninth store in Kolkata and forms part of its strategy to strengthen its presence across key metropolitan and tier-I and tier-II markets.
• The location is expected to cater to families, professionals, entrepreneurs and younger travellers seeking domestic and international holiday packages.
• The company reported continued demand for spiritual tourism, luxury cruises, expedition travel and adventure-focused experiences.
• SOTC is also promoting travel protection solutions, including its TravSure initiative and visa rejection cover, to enhance customer confidence.Read more

06 Jun 2026

The Centre’s PM Surya Ghar Muft Bijli Yojana has crossed 41 lakh beneficiary households, with the government aiming to reach 75 lakh rooftop solar-powered homes by the end of 2026. Union New and Renewable Energy Minister Pralhad Joshi said more than 65 lakh applications are currently under process, reflecting strong adoption of residential solar energy across the country. Launched in February 2024 with an outlay of INR 75,021 crore, the scheme provides subsidies for rooftop solar installations and offers households up to 300 units of free electricity each month. The programme has also recorded substantial growth in rooftop solar deployment on government buildings, with over 53,000 structures already solarised and 855 MW of cumulative installed capacity achieved.Read more

06 Jun 2026

Australia’s House of Representatives has passed a landmark tax reform bill that proposes significant changes to property investment taxation and capital gains treatment, while also introducing new tax relief measures for workers. The legislation is aimed at improving housing affordability by limiting tax concessions for property investors and encouraging investment in new housing supply. The reforms, which form a key part of the federal government's recent budget agenda, will now move to the Senate for approval. The package also includes additional tax offsets and deductions for individual taxpayers alongside previously announced tax cuts.Read more

06 Jun 2026

Lucknow district administration has significantly revised circle rates across several villages located along emerging expressway and infrastructure corridors, with some areas witnessing increases of up to 100%. The revisions cover villages situated near the Purvanchal Expressway, Kisan Path, IT City expansion zone and other rapidly urbanising pockets. Officials said the move reflects changing land values driven by infrastructure investments, industrial development proposals and rising real estate activity. The revised rates are expected to influence land transactions, stamp duty collections and future development planning across the district.Read more

06 Jun 2026

Egypt is in the final stages of launching a USD 500 million equivalent Samurai bond in Japan, marking its first yen-denominated bond issuance in three years. The planned fundraising comes as the country continues efforts to diversify financing sources and strengthen fiscal stability. The African Development Bank had earlier agreed to provide a partial guarantee for the bond issuance, supporting investor confidence. While Egypt's economy has received support from major real estate investments and an IMF loan programme, rising energy costs and inflation linked to the Iran conflict continue to put pressure on the country's finances.Read more

06 Jun 2026

Pan IIT Alumni India has soft-launched “Pan IIT AI Niti (Pariniti)”, a dedicated artificial intelligence policy think tank aimed at contributing to India’s AI governance, infrastructure and innovation ecosystem. Announced during a gathering at Bombay Gymkhana in Mumbai, the initiative will focus on multiple layers of the AI value chain, including semiconductors, cloud infrastructure, data centres, energy systems, algorithms and AI governance. The think tank will operate through specialised verticals involving IIT alumni, industry executives, policymakers, venture capital professionals and researchers. Praxis Global Alliance has been appointed as the knowledge and think tank partner for the initiative. The platform is expected to generate policy recommendations, research papers and industry inputs for government and institutional stakeholders.Read more

Pune News Desk

06 Jun 2026

• Ceratec Group has announced plans for an on-demand built-to-suit commercial development with a potential built-up area of around 10 lakh sq ft in Wakad, Pune.
• The project, located adjacent to EON West, is expected to generate approximately INR 1,000 crore in revenue.
• The development will target occupiers including Global Capability Centres (GCCs), IT and ITES firms, corporate headquarters, educational institutions, healthcare providers and hospitality operators.
• The company is seeking partnerships with channel partners, international property consultants and leasing associates for tenant acquisition.
• The announcement comes amid rising demand for Grade A office spaces driven by multinational corporations, GCC expansion and technology-led businesses.Read more

06 Jun 2026

• Chandigarh administration has moved a proposal that may grant ownership rights to nearly 35,000 rehabilitation colony residents
• The colonies were originally allotted under lease or licence-based rehabilitation schemes for economically weaker sections
• A draft policy has been prepared and sent for approval at the central level for further clearance
• A fresh committee has been formed to review legal, financial and procedural aspects and study similar models in other cities
• The move comes after earlier committees failed to resolve long-standing ownership and title issuesRead more