6 minutes ago

Danube Properties has announced plans to hand over 11 residential projects across Dubai over the next 12 months, marking one of the company's largest delivery programmes to date. The developments are located across Jumeirah Village Circle, Dubai Sports City, Jumeirah Lakes Towers, Dubai Maritime City, Jumeirah Village Triangle and Dubai Silicon Oasis. The developer said it has maintained its delivery schedule despite higher construction material costs resulting from recent geopolitical developments in the Gulf region. The projects are expected to add to Dubai's residential supply as the emirate continues to witness sustained activity in its real estate market, supported by infrastructure development, investor demand and ongoing economic growth.Read more

36 minutes ago

Bajaj Housing Finance reported a 22.6% year-on-year increase in net profit to 715.28 crore for the first quarter of FY27, supported by robust loan growth, higher assets under management and healthy asset quality. The housing finance company continued to expand its lending portfolio across home loans, lease rental discounting, developer finance and loans against property. Strong operational performance and disciplined risk management helped sustain growth despite a competitive lending environment and evolving interest rate conditions.Read more

1 hour ago

A home-buying budget of INR 1 crore delivers vastly different outcomes across India's residential markets in 2026, reflecting the country's wide variations in property prices. While the amount may secure only a compact apartment in premium locations such as Mumbai or South Delhi, it can buy a spacious three or four-bedroom home in cities like Ahmedabad, Kolkata or Lucknow. Based on prevailing residential price trends across key micro-markets in 2026, this comparison highlights how location continues to be the single biggest determinant of home size, affordability and value for money.Read more

1 hour ago

Mumbai-based design consultancy EuMo DesignIntelligence has unveiled a new brand positioning, 'Moving the World Closer to its Ambitions', as it completes more than two decades in business. The company also highlighted the growing role of its spatial design practice, EuMo Spatial, which focuses on architecture, hospitality, residential, commercial and experience-led environments. According to the firm, hospitality design is increasingly shifting towards creating destination-led experiences that integrate architecture, landscape, culture and visitor engagement rather than relying solely on physical infrastructure. The repositioning reflects EuMo's integrated design approach spanning brand, customer, employee and visitor experiences, while reinforcing its presence across the built environment and experiential design sectors.Read more

2 hours ago

US residential real estate investment trust (REIT) Mid-America Apartment Communities (MAA) reported a decline in its second-quarter 2026 core adjusted funds from operations (AFFO) as increased apartment supply continued to weigh on rental demand across several of its key markets. The company posted core adjusted AFFO of USD 1.77 per share for the quarter ended 30 June, down from USD 1.85 a year earlier. Average effective rent per apartment declined marginally by 0.2%, while occupancy remained at 95.3%. MAA also narrowed its full-year 2026 core adjusted FFO guidance, reflecting continued resilience in operations despite a challenging leasing environment across parts of the US multifamily housing market.Read more

2 hours ago

Renacon, the flagship building materials brand of the Renaatus Group, has launched its RENAFLEX Fibre Cement Boards (FCB) and commissioned an integrated manufacturing facility at Naidupeta, Andhra Pradesh, with an investment of INR 350 crore. Built within 12 months, the plant manufactures autoclaved aerated concrete (AAC) blocks, Rapid Wall panels and fibre cement boards using Laminar Flow Technology. The facility has an annual fibre cement board production capacity of 60,000 metric tonnes and is positioned as Asia's largest integrated AAC and fibre cement board manufacturing unit. The company expects the new product range to support India's growing demand for sustainable, prefabricated and fire-rated building materials across residential, commercial and industrial projects.Read more

3 hours ago

Nehlia Developers has appointed actor Randeep Hooda as its brand ambassador as the company strengthens its presence in the premium plotted development and luxury farmhouse segment across North India. Announced during the past week, the partnership follows the company's transition from Nehlia Realtors to Nehlia Developers and aligns with its broader strategy to expand its focus on nature-oriented residential communities. According to the developer, the association is intended to support brand outreach among homebuyers and investors through an integrated marketing campaign spanning television, digital platforms, print, outdoor advertising, public relations and customer engagement initiatives.Read more

4 hours ago

Office leasing across India's six major cities rose 7% year-on-year to 41.6 million sq ft during the first half of 2026, according to Savills India's latest market report. The growth was supported by sustained demand from technology firms, global capability centres (GCCs), engineering and manufacturing companies, alongside continued expansion by flexible workspace operators. Despite global economic uncertainties, India's commercial office market remained resilient, with healthy occupier demand, improving supply and strong investor confidence across key business hubs.Read more

5 hours ago

Broadway has partnered with venture builder The Foundery to provide retail shelf space to selected startups from the accelerator's inaugural cohort, enabling them to test products in physical stores before wider commercial expansion. The collaboration follows The Foundery FWD, an investor showcase where 18 consumer brands presented their businesses after completing a 90-day residential programme. The participating companies, spanning health and wellness, beauty, fashion, food and beverage, and consumer technology, will gain access to Broadway's experiential retail stores across India. The initiative aims to help early-stage brands validate customer demand, refine products and establish distribution channels before investing in permanent retail infrastructure.Read more

6 hours ago

Urbanrise has reported receiving more than 250 home reservations within seven days of opening the pre-launch window for its residential project, 'Codename: The Next Big Thing', in Thirumazhisai, West Chennai. The development, announced during the past week, will initially comprise over 1,000 two and three-bedroom apartments supported by more than 100 lifestyle amenities. The response reflects sustained demand for housing in West Chennai, where improving transport infrastructure and connectivity have strengthened residential and investment activity. Located near the Outer Ring Road, the Poonamallee Bypass Metro station, the upcoming Kuthambakkam Bus Terminus and the Chennai–Bengaluru Expressway, the project is positioned to benefit from access to major employment centres and industrial corridors.Read more

7 hours ago

The Patna Municipal Corporation (PMC) has launched a citywide verification drive to ensure that all apartment units are brought under the property tax system. The initiative aims to identify unassessed flats, update municipal records and improve tax compliance as part of efforts to strengthen urban revenue collection. Officials believe comprehensive property mapping will help expand the tax base, improve civic administration and generate additional resources for infrastructure and public service delivery.Read more

8 hours ago

HeidelbergCement India reported a 36.65% year-on-year decline in its net profit for the first quarter of FY27 as rising raw material, power and fuel costs impacted its earnings despite higher sales volumes and improved pricing. The company posted growth in revenue and total income during the quarter, supported by stronger demand and better realisations. However, increased operating expenses, including freight costs linked to geopolitical developments in West Asia, put pressure on margins. The company also reported a decline in EBITDA per tonne compared to the corresponding period last year.Read more

9 hours ago

India's industrial production expanded by 7.3% year-on-year in June 2026, registering its strongest growth in 23 months, according to the latest government data. The increase was led by manufacturing, which grew 7.8%, while electricity and gas supply recorded the highest sectoral growth at 10.6%. Water supply, sewerage and waste management rose 6.1%, and mining and quarrying increased 1%. The broad-based expansion reflects improving industrial activity, supported by domestic demand and infrastructure development. Industry stakeholders said sustained access to capital, particularly for micro, small and medium enterprises (MSMEs), would be essential to maintaining production growth and supporting investment, employment and long-term economic expansion.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has intensified city-wide cleanliness and public awareness campaigns under the 'Safai Apnao, Bimari Bhagao' and 'Catch the Rain' initiatives as part of the Swachh Survekshan 2025–26 programme. The special drives, being conducted from 16 to 31 July 2026 under the guidance of Municipal Commissioner Dr Kailas Shinde, focus on improving sanitation at railway stations, highways, slum areas, villages, water bodies and public toilets. Joint campaigns by the Solid Waste Management and Health Departments have also targeted mosquito prevention and public health awareness, while educational institutions and residential societies have been engaged to promote waste segregation, rainwater harvesting and plastic waste reduction.Read more

11 hours ago

Indian investors are increasingly directing capital towards Dubai’s commercial real estate market, expanding beyond their traditionally strong presence in the emirate’s residential sector. Industry estimates indicate that Indian buyers accounted for nearly 23% of all foreign residential transactions in the UAE, investing around AED 37–41 billion (approximately INR 85,000–95,000 crore) during 2025. The shift reflects growing interest in income-generating office, logistics and industrial assets that offer stable rental returns and portfolio diversification. Dubai’s strategic location, transparent regulatory environment, business-friendly policies, currency stability and expanding financial and logistics sectors continue to support demand for Grade A commercial properties, attracting high-net-worth individuals, family offices and business owners seeking long-term international investment opportunities.Read more

12 hours ago

Bengaluru's residential market maintained steady growth during the first half of 2026, supported by major infrastructure projects, a resilient technology sector and sustained commercial expansion. According to Knight Frank India, the city recorded 27,968 housing sales in H1 2026, up 5% year-on-year, while new launches rose 4% to 34,749 units. Improved connectivity through the Namma Metro expansion, Peripheral Ring Road and Satellite Town Ring Road is driving residential activity across South, East and North Bengaluru, creating opportunities for emerging developers focused on high-growth micro-markets. Developers including Abhee Ventures, Mana Projects and NBR Group have expanded their presence in these infrastructure-led corridors, responding to rising demand for well-connected residential communities close to major employment centres.Read more

13 hours ago

The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated the land acquisition process for the proposed New Noida township by issuing notifications offering 410% additional compensation to landowners in six villages of Gautam Budh Nagar. The acquisition follows approval from the Uttar Pradesh government and marks the first phase of securing land for the industrial city planned across Gautam Budh Nagar and Bulandshahr districts. Conceived as an integrated manufacturing and logistics hub linked to the Noida International Airport, the township will accommodate industrial, commercial and residential development. The phased acquisition is expected to support the state's long-term strategy of expanding industrial infrastructure and attracting investments to the Yamuna Expressway region.Read more

01 Aug 2026

The Rajaji Nagar housing redevelopment project in Thiruvananthapuram has reached the final stage of completion, with the first phase of residential buildings ready for occupation. However, beneficiaries will have to wait until a permanent water supply connection is provided before the flats can be handed over. Implemented under the Smart City Thiruvananthapuram initiative, the project aims to rehabilitate residents from one of the city's oldest informal settlements while improving housing standards and urban infrastructure.Read more

01 Aug 2026

US apartment real estate investment trust (REIT) Essex Property Trust reported second-quarter 2026 core funds from operations (FFO) above market expectations, supported by continued rental growth across Northern California. The company posted core FFO of USD 4.08 per share, exceeding analysts' estimate of USD 4.04 per share. Revenue from its Northern California portfolio increased 4.4% year-on-year, while Southern California recorded 1.5% growth. Essex also reaffirmed confidence in its operating outlook by projecting full-year 2026 adjusted funds from operations (AFFO) of between USD 16.03 and USD 16.25 per share, with the midpoint exceeding analysts' forecasts. The results reflect sustained demand for rental housing in supply-constrained coastal markets.Read more

01 Aug 2026

The Union Ministry of Road Transport and Highways has sanctioned INR 239.45 crore under the Central Road and Infrastructure Fund (CRIF) for two road upgradation projects in Himachal Pradesh. The funding will support the improvement of the Chhaila–Neripul–Yashwant Nagar–Kumarhatti Road and the remaining stretch of the Tikkar–Jarol–Khamadi Road, with the projects aimed at strengthening connectivity in the state's horticulture belt. The approvals are expected to improve road access for farmers, horticulturists and local communities while enhancing regional transport infrastructure. The state government said construction work would begin after the completion of procedural formalities.Read more

01 Aug 2026

The Andhra Pradesh government has introduced a series of amendments to the Andhra Pradesh Building Rules aimed at simplifying development approvals and encouraging faster urban growth. The reforms include higher height limits for buildings, revised setback and parking requirements, streamlined no-objection certificate (NOC) procedures and expanded exemptions for smaller residential projects. Applicable across 23 priority urban areas, the revised framework is intended to reduce procedural delays, lower compliance costs and support infrastructure-led development under the state’s urban planning strategy. The changes also introduce revised regulations for high-rise buildings and special occupancies while strengthening provisions related to fire safety and structural compliance for larger developments.Read more

01 Aug 2026

Moody’s Analytics has projected a moderation in Asia-Pacific economic growth over the next two years, citing rising commodity prices, tighter monetary and fiscal policies, trade uncertainties and adverse weather conditions as key risks. While the region has remained resilient due to strong exports and investment driven by artificial intelligence, the global rating agency believes this momentum will gradually weaken. It also warned that continued geopolitical tensions in West Asia, volatile oil prices and the return of El Niño could fuel inflation, pressure central banks to maintain higher interest rates and weigh on economic activity across the region.Read more

01 Aug 2026

Waaree Energies reported a 15.39 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by a sharp rise in revenue and higher production. The company also recorded strong order inflows during the quarter, taking its total order book to a record INR 61,500 crore. Along with continued growth in its core solar manufacturing business, Waaree said its newer business segments have started contributing to revenue, strengthening its growth outlook across domestic and international markets.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) carried out demolition action against six unauthorised constructions in the Airoli ward earlier this week, continuing its enforcement drive following the removal of 13 illegal structures a day earlier. The action was undertaken under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966, after notices were issued to property owners for unauthorised construction. The demolition drive forms part of the civic body's compliance with directions linked to a Public Interest Litigation (PIL) and an appeal issued by the Municipal Commissioner. The operation was carried out with demolition equipment, municipal staff, labourers and police protection.Read more

01 Aug 2026

The proposed construction and demolition (C&D) waste processing plant in Gurugram has drawn opposition from local residents, who have raised concerns over its location and potential environmental impact. Residents of nearby sectors submitted objections during a public hearing organised by the Haryana State Pollution Control Board (HSPCB), citing issues related to air pollution, groundwater contamination, traffic congestion and public health. The facility is proposed to be developed near residential areas and is intended to process construction and demolition waste generated across Gurugram. While authorities maintain that the project will improve scientific waste management, residents have urged the government to relocate the facility to a less populated area before granting environmental clearance.Read more

01 Aug 2026

Sundaram Home Finance reported a 37% year-on-year increase in net profit to INR 85 crore for the quarter ended 30 June 2026, supported by higher loan disbursements and continued expansion in its Emerging Business (EB) segment. Total disbursements rose 12% to INR 1,665 crore, while assets under management increased 11% to INR 20,325 crore. The lender's EB segment, comprising affordable housing finance and small-ticket loans, recorded more than double the disbursements of the corresponding quarter last year. The company attributed the growth to rising housing demand in smaller towns and plans to strengthen its presence by opening 25 additional EB branches during the current financial year.Read more

01 Aug 2026

Mumbai's real estate market is witnessing a shift towards decentralised growth, with emerging micro-markets increasingly driving residential and commercial activity across the Mumbai Metropolitan Region (MMR). Improved connectivity through metro rail, the Mumbai Trans Harbour Link (MTHL), the Coastal Road and other transport projects is reshaping buyer and occupier preferences beyond traditional business districts. According to ANAROCK's Residential Market Viewpoints Q2 2026 report, the average residential price in MMR reached INR 17,780 per sq. ft. during the second quarter of 2026, up 4% year-on-year, while the region recorded around 28,700 housing sales, accounting for nearly 32% of India's residential demand. Industry stakeholders say locations including Mulund, Thane, Mira Road, Sion-Matunga, Goregaon East and Andheri are emerging as key beneficiaries of this infrastructure-driven transformation.Read more

01 Aug 2026

Indian Retail Alliance Private Ltd (IRAPL), the joint venture between Allanasons Pvt Ltd of the Allana Group and Captain Fresh, has recorded an annualised revenue run-rate of approximately INR 100 crore within two months of commencing operations. Established in May 2026, the company has begun operations across Goa, Bengaluru and Kerala, with further expansion underway in Pune and Kolhapur. IRAPL aims to establish a network of more than 100 stores by the end of August 2026 while exploring opportunities in Hyderabad and other markets. The venture is also building institutional partnerships, expanding distribution channels and strengthening the Allana Group's presence in India's organised domestic protein retail and food supply market.Read more

01 Aug 2026

Bengaluru-based Revspot has secured USD 4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures, with participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital. The company will use the capital to strengthen its AI-native platform, expand engineering and buyer-intelligence capabilities, enter additional high-value business sectors and grow its international presence. Founded in 2024, Revspot provides an automated lead generation and qualification platform for high-ticket B2C businesses, serving more than 50 customers across sectors including real estate, education, automotive and wealth management. The company also plans to enhance its qualified pipeline infrastructure through its new orchestration platform, Spot.Read more

01 Aug 2026

Paranjape Schemes (Construction) Ltd. has launched The Promenade Residences, a premium residential development within its 150-acre Blue Ridge integrated township in Hinjewadi Phase 1, Pune. The 32-storey project comprises spacious residences with river-facing views and forms part of the township's mixed-use ecosystem, which includes residential, commercial, educational and recreational facilities. Located close to Pune's major IT corridor, the development aims to cater to homebuyers seeking larger homes within an established township. Residents will have access to amenities including a golf course, sports facilities, retail spaces and community infrastructure, while benefiting from improved regional connectivity and proximity to employment hubs.Read more

01 Aug 2026

The Department of Financial Services under the Ministry of Finance has launched India's first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP), expanding the country's domestic maritime insurance framework. Developed by New India Assurance Company, the policy provides coverage against third-party maritime liabilities with an indemnity limit of up to USD 1.5 billion. The move builds on the successful rollout of BMIP's war risk insurance, which has reduced premium rates and strengthened domestic underwriting capacity while supporting India's efforts to reduce dependence on overseas insurance markets.Read more

01 Aug 2026

For many homebuyers, receiving the keys to a flat feels like the final step in the purchase process. Legally, however, ownership is only complete after the sale deed is registered. Across India, thousands of flats remain unregistered despite being occupied or fully paid for. Some are held back by missing approvals and legal disputes, while others are delayed due to financial or procedural reasons. Here are 10 common- and often overlooked; reasons why some Indian flats never get registered, and why it matters more than many buyers realise.Read more

01 Aug 2026

The Union government has informed Parliament that Andhra Pradesh did not submit a proposal seeking houses under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) 2.0 despite being eligible for assistance. Union Minister of State for Housing and Urban Affairs Tokhan Sahu stated that the Centre had repeatedly requested the state government to submit proposals under the scheme but had not received any response. As a result, no central assistance has been sanctioned for Andhra Pradesh under PMAY-U 2.0. The Centre also clarified that allocations under the scheme depend on proposals received from states and Union Territories, with assistance released only after due appraisal and approval.Read more

01 Aug 2026

The proposed revival of Tripura's non-operational Kailashahar Airport has been delayed due to pending land acquisition, according to state Transport Minister Sushanta Chowdhury. The existing runway is too short to accommodate ATR aircraft, making expansion essential before flight operations can resume. The state government has already held discussions with the Airports Authority of India (AAI), but the feasibility report is still awaited. The project is estimated to require between INR 400 crore and INR 500 crore for land acquisition and airport expansion, with the government expected to take a decision after receiving the report.Read more

01 Aug 2026

ITC Hotels Limited has signed a management agreement to develop a Welcomhotel-branded property in Rajgir, Bihar, under a long-term arrangement involving the Bihar State Tourism Development Corporation and Kalsi Buildcon Private Limited. Announced in the presence of Bihar's Deputy Chief Minister, Shri Samrat Choudhary, and ITC Hotels Managing Director Anil Chadha, the project will be built across 2.67 acres and comprise 107 guest rooms and suites, dining and event facilities. The signing forms part of ITC Hotels' expansion strategy in Bihar, following the recent signing of an ITC hotel in Patna and the opening of Welcomhotel Bodhgaya Hotel & Convention Centre, as the company targets growing demand for historical, spiritual and experiential tourism.Read more

01 Aug 2026

Lashkaria Group has announced that its luxury residential project, Lashkaria Indrasukh, in Andheri West, Mumbai, has entered the final stage of construction. Located around 650 metres from Versova Metro Station, the development comprises two residential towers offering 2 and 3 BHK Sky Deck Residences. The project includes 780 sq ft RERA carpet area 2 BHK units and 1,100 sq ft 3 BHK units, along with a range of lifestyle amenities and connectivity to key social and transport infrastructure. According to the developer, the project has witnessed interest from both end-users and investors and is expected to strengthen its residential portfolio in Mumbai's western suburbs upon completion.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) participated in the Maharashtra Government's Chhatrapati Shivaji Maharaj Mahaswa Samadhan Abhiyan by setting up information stalls on more than 50 civic welfare schemes under its Social Development Department. The outreach camps were organised between 22 July and 2 August 2026 across Assembly constituencies to improve access to government services and welfare programmes. In Navi Mumbai, camps were held at Ghansoli and Nerul, where residents received information on municipal initiatives alongside government certificates issued by the Thane District Collectorate and Revenue Department. The initiative forms part of a broader state effort to extend public welfare services to a larger section of citizens.Read more

01 Aug 2026

Sugee Group has announced its entry into the Thane real estate market with plans to develop a waterfront commercial project spanning more than 50 acres around Siddheshwar Lake in Thane West. Announced during the past week, the development marks the Mumbai-based developer's first project in the city and is positioned as a Grade A+ commercial destination. Designed by architect Hafeez Contractor, the project aims to cater to growing demand for premium office space from businesses seeking alternatives to Mumbai's commercial districts. The company said the integrated development will benefit from Thane's expanding transport infrastructure and forms part of its broader strategy to expand its presence beyond Mumbai into high-growth urban markets.Read more

01 Aug 2026

A Parliamentary Standing Committee has recommended a series of measures to strengthen the legal sustainability and governance framework of the Securities and Exchange Board of India (SEBI). The panel has called for clearer statutory provisions, proportionate enforcement mechanisms, enhanced investor protection measures and stronger safeguards against conflicts of interest. It has also recommended expanding SEBI's board and reducing excessive reliance on subordinate legislation, with the aim of making the securities market regulatory framework more transparent, accountable and legally robust.Read more

01 Aug 2026

Schneider Electric has raised its full-year 2026 profit guidance after reporting stronger-than-expected first-half earnings, supported by sustained demand from the global data centre sector. The French industrial group, which supplies power management and cooling systems for data centres, exceeded analysts' expectations for adjusted EBITA in the first half of the year. While the company remains optimistic about growth, it cautioned that ongoing tensions in the Middle East could disrupt global supply chains and add inflationary pressure in the second half of the year. Currency fluctuations also weighed on second-quarter revenue.Read more

01 Aug 2026

Bolt.Earth has highlighted the contribution of its certified technician network, which has expanded from 800 members in 2024 to more than 5,000 across India in 2026, supporting the operation and maintenance of its EV charging infrastructure. The Bengaluru-based company recently held its first Rewards & Recognition programme, honouring 17 technicians representing 17 states for their role in ensuring charger reliability. The initiative comes as India's EV charging ecosystem continues to expand, with technicians playing a key role in installation, maintenance and fault resolution. Bolt.Earth said the workforce growth reflects one of the country's largest skilled employment networks within the EV charging sector, spanning both metropolitan centres and smaller towns.Read more

01 Aug 2026

IndiGo Managing Director Rahul Bhatia has called on the government to rationalise taxes on aviation turbine fuel (ATF) and airport charges, saying lower airfares could significantly increase demand in India's price-sensitive aviation market. He said airlines have largely absorbed rising operating costs instead of passing them on to passengers, while airport charges have increased sharply. Bhatia also addressed concerns over IndiGo's dominant domestic market share, stating that a significant portion of the airline's capacity is deployed on unique routes where it has created new markets rather than competing directly with other carriers.Read more

01 Aug 2026

fischer has validated a seismic retrofitting solution for reinforced concrete buildings through full-scale earthquake tests conducted in collaboration with Purdue University, USA. The research focused on improving the structural performance of existing buildings constructed before modern earthquake-resistant design standards were introduced. The tested system combines bonded anchors, injection mortar and haunch elements to strengthen beam-column joints, enabling structures to better withstand seismic forces. The findings demonstrated improved structural stability and controlled load transfer under earthquake loading conditions. The company said the research supports the development of practical retrofitting solutions for ageing infrastructure, with relevance for earthquake-prone regions such as India, where strengthening existing buildings is becoming an increasingly important aspect of infrastructure resilience.Read more

01 Aug 2026

Around USD 95 billion worth of internal combustion engine (ICE)-related manufacturing assets in the Asia-Pacific region could face obsolescence as electric vehicle (EV) production overtakes ICE vehicle manufacturing within the next five years, according to a new report by CBRE. The report estimates that major automotive groups with a strong regional presence hold approximately USD 354 billion in ICE-linked fixed assets globally, with around one-quarter located in Asia-Pacific. CBRE expects the transition to accelerate investment in Southeast Asia as an EV manufacturing hub while encouraging automakers to adopt asset-light strategies, including sale-and-leaseback transactions and greater collaboration with logistics providers and institutional real estate investors to modernise industrial infrastructure.Read more

01 Aug 2026

The Navi Mumbai Municipal Corporation (NMMC) carried out a partial demolition of an unauthorised construction at Plots 118, 119 and 120 in Sector 2B, Airoli, during the past week as part of its ongoing drive against illegal developments. The action was undertaken under the directions of the Municipal Commissioner and senior civic officials after the developers allegedly continued construction despite receiving a statutory notice under Section 54 of the Maharashtra Regional and Town Planning Act, 1966, earlier this year. The demolition was executed by the civic body's encroachment department with the support of labourers, demolition machinery, police personnel and other equipment. The corporation stated that similar enforcement drives against unauthorised constructions across its jurisdiction will continue.Read more

31 Jul 2026

The Municipal Corporation of Delhi (MCD) has intensified its action against unauthorised construction by demolishing 14 illegal properties, sealing another and issuing 16 show-cause notices to property owners. The action forms part of a wider enforcement campaign being carried out across the capital to curb violations of building regulations. Since the beginning of June, the civic body has demolished 681 unauthorised properties and sealed 398 others. Officials have also urged residents to obtain all mandatory approvals before undertaking any construction activity.Read more

31 Jul 2026

Municipal authorities in Cape Town, South Africa, have approved Equinix's proposal to develop two data centres in the King Air Industria area, despite objections from environmental and community groups. The approval advances one of the country's largest proposed data centre developments, with the facilities expected to require around 170 MW of power capacity. Activist organisations, including Housing Assembly and Foxglove, opposed the project over concerns relating to electricity consumption, water use and environmental impacts, arguing that greater disclosure was needed. Equinix said it has acquired the project site but has not yet submitted a detailed site development plan, adding that it will engage with stakeholders if the development proceeds.Read more

31 Jul 2026

The Supreme Court has ruled that infrastructure and development projects requiring environmental clearance must obtain prior approval before commencing work, reinforcing the statutory framework under the Environment Impact Assessment (EIA) Notification, 2006. The court held that the Centre cannot create a mechanism for granting post-facto environmental clearances through administrative orders alone and that any such policy change must be introduced through a statutory notification. The judgment strengthens environmental safeguards while providing greater legal clarity on project approvals and regulatory compliance.Read more

31 Jul 2026

Embassy Office Parks REIT reported a strong start to FY27, with its net operating income and revenue from operations rising 17% year-on-year during the April–June quarter. The office REIT also announced a distribution of INR 598 crore to unitholders. During the quarter, the company leased 1.3 million square feet of office space, with Global Capability Centres (GCCs) remaining the primary demand driver. AI-related companies also accounted for a notable share of fresh leasing, reflecting the increasing role of technology-led occupiers in India's office market. The REIT continues to maintain one of the country's largest office portfolios.Read more

31 Jul 2026

Kalind Ltd has entered into a strategic agreement with UK-based Dharan International Limited to jointly explore and execute infrastructure opportunities across Africa. The partnership establishes a framework for identifying, bidding for and delivering government as well as private-sector projects across the continent. Under the arrangement, Dharan International will be responsible for sourcing and coordinating business opportunities, while Kalind will contribute technical expertise, project credentials and undertake subcontract work wherever required. The collaboration is expected to strengthen Kalind's international presence and expand its participation in Africa's growing infrastructure sector.Read more