12 minutes ago

The Ministry of Ports, Shipping and Waterways has approved an INR 334.89 crore internal flyover project at Visakhapatnam Port Authority to improve cargo evacuation and reduce congestion within the port premises. The proposed 3.584-km elevated corridor will connect Convent Junction with the Dock Area and separate road traffic from rail movement. The project is intended to address delays caused by nine railway level crossings, which currently experience around 18 gate closures a day. Construction is planned to minimise disruption to port operations, with the project scheduled for completion within 30 months of commencement.Read more

1 hour ago

DLF Retail has launched Midtown Plaza, its first neighbourhood lifestyle plaza, on Shivaji Marg in Moti Nagar, West Delhi. Spread across approximately 2.8 lakh sq. ft., the retail destination serves a catchment of nearly 2.5 million residents and brings together around 150 brands spanning retail, food and beverage, entertainment and everyday services. The tenant mix includes Reliance Digital, Mr. DIY, HomeStop, Go Fresh and a three-screen PVR Cinemas multiplex, alongside fashion, jewellery, café and dining brands. Several emerging and indigenous labels have also established a presence at the centre, with some making their West Delhi debut. The launch forms part of DLF Retail's expansion into neighbourhood-focused retail formats, with the company positioning the centre around shopping, dining, leisure and community-oriented experiences.Read more

1 hour ago

The Ahmedabad-GIFT City corridor could attract 40-50 new Global Capability Centres (GCCs) over the coming years, generating demand for 4-6 million sq. ft. of Grade A office space and more than 50,000 high-skilled jobs, according to a joint report by Dev Accelerator Limited (DevX) and Anarock. The report identifies Ahmedabad's lower occupancy costs, talent availability, workforce stability and GIFT City's International Financial Services Centre as key factors supporting the corridor's growth. Ahmedabad currently has nearly 26 million sq. ft. of Grade A office stock, while GIFT City contributes another 4.1 million sq. ft. The region has a technology talent pool of around 90,000-95,000 professionals and attrition levels of 7-12%. Infrastructure projects and the Gujarat GCC Policy 2025-30 are expected to further support enterprise expansion.Read more

2 hours ago

Global biotechnology company Amgen is set to establish a new Science and Innovation Center at Genome Valley in Hyderabad, expanding its research and development presence in India. The company has signed an MoU with the Telangana government for the proposed centre, which is expected to become operational in 2027. The facility will be part of Amgen’s global R&D network of seven research laboratories and will bring together scientists and technologists working in discovery chemistry, drug metabolism and pharmacokinetics, and precision medicine. The centre will also connect Hyderabad-based research with Amgen’s facilities across the world.Read more

3 hours ago

Investment in Asia Pacific’s student housing sector tripled between 2022 and 2025 as international institutional investors increased their exposure to the asset class, according to JLL. Cross-border investors accounted for around two-thirds of student housing transaction volumes in 2025, with Australia attracting most of the international capital. Private equity remained the dominant investor over the past two years, although listed REITs became the most active buyers in the first half of 2026. JLL attributed the sector’s growing investment appeal to rising international student mobility, expanding higher education infrastructure and persistent accommodation shortages. The number of internationally mobile students is projected to reach 9 million by 2030, while Asia Pacific’s growing share of global student flows is supporting demand for purpose-built student accommodation.Read more

3 hours ago

Alliance City Developers Realtors Pvt. Ltd. has received Occupation Certificates (OCs) for Alliance Vista in Vile Parle East and Alliance Abhimanyu in Malad West, with both projects now fully sold out. Alliance Vista comprises residential and commercial spaces, with its residential component offering 2 BHK and 4 BHK homes ranging from 554 to 1,117 sq. ft. of RERA carpet area. Alliance Abhimanyu on Marve Road in Malad West comprises 2 BHK and 3 BHK residences ranging from 600 to 821 sq. ft. of RERA carpet area. Handover at Alliance Vista began in June 2026, while Alliance Abhimanyu has received its OC and is cleared for occupation. The developments are located in established residential micro-markets with access to transport, healthcare, education and retail infrastructure.Read more

Mumbai News Desk

4 hours ago

The Bombay High Court has stayed the Brihanmumbai Municipal Corporation’s move to take possession of a YMCA-run playground and gymnasium at Willingdon Ground in Mumbai Central. The dispute concerns the civic body’s attempt to reclaim the property despite the YMCA claiming rights under an existing lease arrangement. The interim order temporarily prevents the BMC from proceeding with the takeover, while the court examines the legal and contractual issues surrounding the use and possession of the public recreational premises.Read more

5 hours ago

The Partition of India in 1947 transformed the physical and property landscape of Delhi and Punjab alongside the political map of the subcontinent. The mass movement of people created an immediate housing crisis, while governments had to manage abandoned homes, agricultural land and commercial properties. Refugee camps evolved into permanent settlements, rehabilitation colonies became established neighbourhoods, and new administrative systems were created to manage evacuee property and compensate displaced families. Nearly eight decades later, the residential colonies, landholding patterns and planned urban centres that emerged during and after Partition remain an important part of the region's built environment.Read more

5 hours ago

GHR Infra has introduced the ‘2BHK Freedom Offer’ for select 2 and 2.5 BHK residences at GHR Callisto in Kollur, Hyderabad, with prices starting from INR 83 lakh*. The offer, announced on the occasion of Independence Day, includes a complimentary IKEA modular kitchen and a choice between an EV parking provision and two years of common area maintenance. Eligible buyers can also book a home with a 10% down payment. GHR Callisto is an 8.3-acre residential development with 1,190 homes across four towers and nearly 70% open space. The project offers 2, 2.5, 3 and 4 BHK configurations and is located about 10 minutes from Neopolis. The developer said Phase 1 handovers have commenced, providing buyers with greater visibility into the project's construction progress and community infrastructure.Read more

6 hours ago

Dubai’s luxury residential market recorded 244 off-plan sales priced above AED5 million in July 2026, with a combined transaction value of AED3.42 billion, according to an analysis by Keturah using data from DXBinteract. The average value of these transactions stood at AED14 million, with demand spread across multiple price brackets. Apartments accounted for 151 transactions worth AED2.3 billion, while 93 villa sales generated AED1.1 billion. The data indicates continued demand beyond a small number of ultra-high-value transactions, with significant activity in the AED10-20 million and AED20-50 million segments. Over the preceding three months, developers recorded 942 off-plan residential transactions above AED5 million worth AED12.11 billion. Ready properties also recorded 43 transactions above AED5 million in July, valued at AED552.8 million.Read more

6 hours ago

The Himachal Pradesh Building & Other Construction Workers Welfare Board will disburse INR 20.61 crore in financial assistance to 4,967 eligible beneficiaries under 14 welfare schemes on August 15. The assistance covers marriage, education, death and funeral expenses, housing, maternity and paternity support and other categories. The Board currently has 4,84,860 registered workers and has carried out 98,000 e-KYC verifications to identify ineligible beneficiaries. The Board also plans to increase welfare disbursement to INR 300 crore in the coming year, while district-level allocations show Hamirpur, Kangra, Una and Mandi among the largest beneficiary districts.Read more

7 hours ago

Shapoorji Pallonji Real Estate (SPRE) will hold a one-day multi-city property showcase in Noida on August 9, bringing together 15 residential projects across Mumbai, Thane, Pune, Gurugram and Howrah. The event, scheduled at Fortune Hotel by ITC in Sector 27, will present apartments, luxury villas and lifestyle plots with prices starting from INR 60 lakh*. The showcase follows similar events held in Gurugram and Mumbai and is intended to allow prospective buyers and investors to compare developments across multiple markets at one venue. The event will also include home loan assistance, consultations with SPRE's sales representatives, dedicated consultation areas and event-specific offers and benefits. The developer expects the showcase to draw both end-users and investors considering residential property across established and emerging markets.Read more

8 hours ago

Swiss private banking firm Julius Baer's India arm, Julius Baer Global Enterprise Services (India), has leased 74,037 square feet of chargeable office space at Waterstones Business Park in Andheri East, Mumbai, for its global capability centre and commercial back-office operations. The space, located on the seventh floor of the building, has been taken on a 60-month lease from Striton Properties, commencing 1 May 2026, at a monthly rent of INR 1.55 crore, taking the total rental outgo over the lease period to INR 102.6 crore. The deal comes as global capability centres continue to drive a growing share of India's Grade-A office space demand, according to Colliers India.Read more

9 hours ago

Navi Mumbai Municipal Corporation (NMMC) has cautioned candidates participating in its 2025-26 direct recruitment process against relying on unauthorised messages claiming that the Junior Engineer (Electrical) examination result has been declared and appointments have been made. The civic body said it had advertised 132 vacant posts across 20 Group A, Group B and Group C cadres in December 2025 and received 19,220 applications. Online objective multiple-choice examinations for six cadres were conducted through Tata Consultancy Services (TCS iON) across 13 centres in six districts in July. The corporation said some candidates had received fraudulent emails asking them to pay INR 9,373 as a processing fee for original document verification. NMMC clarified that no such communication had been issued by its administration and urged candidates to report such demands to local police.Read more

10 hours ago

Iconic by One Vision has launched a 586.14 sq m digital out-of-home (DOOH) display at SAS iTower in Nanakramguda, Hyderabad, which the company describes as India’s largest cinematic digital screen and the city’s first 8K DOOH display. The L-shaped installation uses Absen A25 series LED panels and supports deep-perspective anamorphic content that produces three-dimensional visual effects without glasses. The launch expands the company’s presence to six cities, following operations in Bengaluru, Bhopal, Jaipur, Thiruvananthapuram and Bhubaneswar. Founded by Abhinav Reddy, the company plans to enter Gurugram by the end of 2026 and expand into additional states in 2027. The Hyderabad screen has secured three advertising campaigns within its second week, while the company reported more than INR 1 crore in business during its first year of operations.Read more

11 hours ago

Patna’s proposed Patliputra Greenfield township is set to include a 651-acre sports hub, adding a large dedicated recreational and sporting zone to the planned urban development. The sports component is expected to form a major part of the township’s overall land-use framework and could accommodate multiple sporting facilities and associated infrastructure. The proposed township is being planned as a new urban extension of Patna, with the sports hub intended to support organised sports, recreation and related activities while contributing to the development of a larger planned urban district.Read more

12 hours ago

Nila Spaces has partnered with health technology company Ultrahuman to develop a connected wellness ecosystem that combines residential design with personalised health and environmental insights. The partnership will debut at Vida in Gandhinagar before being integrated into PRANA, Nila Spaces’ flagship wellness development in GIFT City. Through Ultrahuman Home, residents will be able to monitor indoor parameters such as air quality, carbon dioxide, temperature, humidity, lighting and ambient noise. The ecosystem will also connect with Ultrahuman’s health technologies, including Ring AIR, M1 Live Continuous Glucose Monitor, Blood Vision, Photon and Ultra Age, supported by its Jade AI platform. The companies said the initiative aims to help residents understand how their homes, daily habits and health indicators interact.Read more

13 hours ago

Bengaluru-based EV charging infrastructure company Bolt.Earth’s Blaze DC 3kW Dual Gun Charger has received certification from the Automotive Research Association of India (ARAI), validating its compliance with applicable safety and performance standards. The company said the charger is the world’s first universal fast charger for electric two- and three-wheelers to receive the certification. Designed for individual users as well as commercial fleets, the charger can provide up to 40 km of range in 15 minutes. It supports Type 6 and Type 7 connectors and is compatible with several electric two-wheeler manufacturers. The charger is currently deployed across more than 400 PIN codes in 18 states and includes connectivity, remote monitoring, OTA updates and multiple safety features.Read more

14 hours ago

Navi Mumbai Municipal Corporation (NMMC) removed 1,23,117 mosquito breeding sites during a joint cleanliness and preventive health campaign conducted from July 30 to August 10, 2026. The drive was organised by the civic body's Health Department and Solid Waste Management Department under the ‘Safai Apnao, Bimari Bhagao’ campaign of Swachh Survekshan. Teams from 26 civic health centres worked with mosquito larva control, rodent control and sanitation staff to undertake intensive cleaning and preventive measures. The campaign included removal of scrap, cleaning of clogged drains, mosquito larvicide spraying, minor engineering repairs and rodent control measures. Discarded tyres, coconut shells, plastic containers, broken pots and other waste capable of collecting stagnant water were permanently removed. NMMC has urged residents to keep their homes and surrounding areas clean and dispose of scrap responsibly.Read more

15 hours ago

Nexus Seawoods Mall has partnered with District by Zomato to offer consumers additional benefits across shopping, dining and entertainment during the Independence Day weekend from August 14 to 16. The campaign comes alongside the mall’s ongoing End of Sadness Sale, where participating brands are offering discounts of up to 70%. Consumers using the District app can access flat INR 300 off on dining bills of INR 1,500 or more, INR 1,200 off on shopping spends of INR 10,000 and up to INR 150 off on the purchase of two movie tickets. The initiative is part of a wider collaboration covering Nexus Select Malls’ portfolio of 19 properties and is aimed at integrating retail, food and entertainment experiences during the three-day holiday period.Read more

16 hours ago

TCG Real Estate, part of The Chatterjee Group, has entered India’s premium managed-living segment with Yukio, a brand focused on young professionals. The company has expanded Yukio to more than 1,000 beds across two properties in Pune, namely Yukio Jobs and Yukio Gates, within a year of launch. The fully furnished residences combine professionally managed accommodation with housekeeping, laundry, meals, wellness facilities, community activities and technology-enabled resident services. The offering includes amenities such as a game lounge, gym, yoga deck and basketball ground, along with Yukio’s Growth Lab for workshops and networking. Following its expansion in Pune, TCG plans to enter other metropolitan markets and add another 1,500 beds over the next year, citing growing demand for professionally managed urban accommodation.Read more

17 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has planted 200 Surangi saplings at Nisarg Udyan in Sector 14, Koparkhairane, as part of the ‘Mazi Vasundhara Abhiyan 7.0’ and the ‘Ek Ped Maa Ke Naam’ initiative. The 4-5 ft tall saplings were brought from Karnataka and planted by the mayor, municipal commissioner, elected representatives, civic officials, citizens and representatives of educational and social organisations. Mayor Sujata Patil also announced the proposed ‘Green Ward’ competition to encourage residents and institutions to participate in tree plantation and conservation. Municipal Commissioner Kailas Shinde said development in Navi Mumbai should take environmental considerations into account and that the civic body was prioritising native tree species while planning plantation activities to support biodiversity. Organisations that have assisted the civic body’s environmental initiatives were also felicitated during the programme.Read more

15 Aug 2026

The approval of Delhi’s Master Plan 2047 could create new opportunities for housing, commercial development and redevelopment by enabling more efficient land utilisation across the capital, according to Ankur Jalan, CEO of Golden Growth Fund. He said measures including FAR rationalisation, land pooling, redevelopment and transit-oriented development could bring additional land into productive use while supporting more compact and connected urban centres. The plan’s potential expansion of housing supply within Delhi could also help ease development pressure on surrounding NCR markets. However, Jalan noted that effective implementation, timely approvals and adequate mobility, utility and civic infrastructure would be critical to translating the policy framework into actual development activity.Read more

15 Aug 2026

Bluehill.VC has announced the final close of its maiden frontier-tech venture capital fund at INR 400 crore, including a INR 50 crore greenshoe option, backed by institutional investors such as SIDBI and the governments of Kerala and Uttar Pradesh, along with family offices, entrepreneurs and UHNIs from India and the Middle East. The fund will invest in IP-led startups from Seed to Series A across sectors including semiconductors, defence, space, energy, advanced materials, robotics and manufacturing. Bluehill.VC plans to build a concentrated portfolio of 15-16 companies, with an average first institutional cheque of USD 1-2 million. The firm has already invested more than INR 100 crore across seven companies and plans to deploy another INR 80 crore over the next six months.Read more

15 Aug 2026

Chennai-based developer DRA has commenced presence-less property registration and e-sale deed services under Tamil Nadu’s STAR 2.0 digital registration framework, allowing homebuyers to complete property registrations remotely without visiting Sub-Registrar Offices. The developer has established dedicated infrastructure and digital compliance systems at its head office and is working with authorised partners to facilitate the process. DRA said the initiative is intended to improve convenience, standardise documentation and reduce dependence on physical appointments and manual coordination. The service also gives buyers greater flexibility to complete registrations on weekends, government holidays and personally significant dates. The company said it is the first CREDAI Tamil Nadu developer to adopt the state’s presence-less registration framework.Read more

15 Aug 2026

Mumbai’s expanding Coastal Road network could influence the city’s real estate growth by improving travel times between South Mumbai and the western suburbs. As connectivity extends towards the northern suburbs, established markets such as Andheri, Jogeshwari, Goregaon and Borivali could benefit from stronger integration with Mumbai’s commercial and employment centres. These locations already have established residential demand, employment hubs, rail and metro connectivity, airport access and social infrastructure, providing a base for further growth. Improved accessibility could widen residential catchments, support rental and commercial demand and influence investor preferences. For developers, the infrastructure expansion could strengthen locations where existing demand converges with improved mobility, potentially shifting the real estate premium from physical proximity towards a broader combination of connectivity, liveability, amenities and value.Read more

15 Aug 2026

Asia Pacific commercial real estate investment volumes increased 22% year-on-year in H1 2026, signalling a broader recovery as capital returned to core sectors, according to Savills’ latest Capital Signals report. Retail recorded the strongest growth, with investment volumes rising 51%, followed by office at 22% and industrial and logistics at 21%. Investor strategies are also shifting, with partial-stake acquisitions, joint ventures and club deals gaining preference over traditional pooled fund structures. India is expected to benefit from the renewed capital flows, supported by resilient occupier demand, economic growth, infrastructure expansion and rising institutional participation. Savills also expects portfolio rotation to create opportunities in data centres and living sectors. Around USD 265 billion of assets held by Asia Pacific-focused private funds are expected to mature by 2031, with the largest concentration due in 2029.Read more

15 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) schools organised a tricolour rakhi-making activity under the ‘Har Ghar Tiranga’ initiative to encourage awareness of the national flag and foster a sense of patriotism among students. The activity was conducted in primary and secondary schools under the guidance of class teachers, with students bringing the required materials themselves. Teachers explained the significance of the saffron, white and green colours of the national flag, along with the Ashoka Chakra and its 24 spokes. The initiative also introduced students to the history and symbolism of the national flag while providing them with a hands-on activity centred on the colours of the Tricolour. A large number of students participated in making the rakhis as part of the school-level programme.Read more

15 Aug 2026

Real estate advisory firm Jenika Ventures has opened a new office in Kolkata as part of its strategy to expand its presence across eastern India. The company plans to provide structured and transparent property advisory services in Kolkata, where infrastructure development, investor interest and changing homebuyer preferences are supporting the evolution of the local real estate market. Jenika Ventures said the new office will enable it to offer more localised advisory services while strengthening relationships with customers and channel partners. The expansion forms part of the company’s wider plans to establish a stronger presence across key metropolitan and Tier-2 markets and eventually enter select global cities. The company said its regional expansion is aimed at improving customer access to property expertise and strengthening trust in real estate advisory services.Read more

15 Aug 2026

South Korea has announced a fresh set of housing and financial measures aimed at increasing housing supply and improving access to homes for young people and newly married couples. The Financial Services Commission will raise policy support for construction project financing to at least 47.8 trillion won, or about USD 33.72 billion, from the earlier planned 26.3 trillion won. The government will also introduce new policy loans for young buyers and newlyweds purchasing homes for their own use, while keeping restrictions on speculative demand. The move comes amid rising house prices, household debt concerns and pressure on President Lee Jae Myung's government to address the housing market.Read more

15 Aug 2026

Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore IPO for public subscription on August 17, with the price band set at Rs 57-60 per share. The three-day issue will close on August 19, while anchor investor bidding is scheduled for August 14. The IPO will comprise entirely a fresh issue, with no Offer For Sale component, and the proceeds will be used to repay borrowings. At the upper price band, the issue implies a post-IPO market capitalisation of around Rs 17,298 crore. Blackstone currently holds approximately 89% of the company. Horizon Industrial Parks owns and operates around 60 million sq. ft. across 46 industrial and logistics assets in 10 cities. Its shares are proposed to list on BSE and NSE on August 24.Read more

15 Aug 2026

India’s accelerating renewable energy transition is creating growth opportunities for companies involved in power generation, solar manufacturing, electric mobility infrastructure and emerging clean energy technologies. Rising electricity demand, government support and increased private investment are strengthening the sector’s long-term outlook. Tata Power, NTPC Green Energy, Adani Green Energy, Gujarat Inject Kerala Ltd, now rebranding as Regenova Renewtech Ltd, and Waaree Energies are among the companies attracting attention based on their renewable energy portfolios and recent financial performance. While established players continue to expand generation and manufacturing capacity, smaller companies are seeking opportunities through new solar projects and international expansion. Investors, however, need to assess execution, valuations, debt levels and project pipelines alongside the sector’s growth potential.Read more

15 Aug 2026

India’s economic and corporate calendar on Thursday is set to include the release of merchandise trade deficit data along with a large number of quarterly earnings announcements and shareholder meetings. The merchandise trade deficit is expected to remain around USD 30.20 billion, compared with USD 30.43 billion previously. Among the companies scheduled to report their first-quarter FY27 results are Aditya Birla Real Estate, Brigade Enterprises, JSW Cement, Sammaan Capital, Max Healthcare and Welspun Living. Several companies, including Brigade Enterprises and Godrej Industries, are also holding annual shareholder meetings.Read more

15 Aug 2026

Star Air will commence direct flights between Ahmedabad and Mundra in Kutch from August 17, 2026, establishing an air connection between Gujarat’s commercial centre and its major port-led industrial hub. The service will operate three times a week on Mondays, Wednesdays and Fridays, with morning departures from Ahmedabad and evening return flights from Mundra. The route is expected to improve accessibility for businesses, professionals and travellers moving between the two locations, where travel has traditionally involved long road journeys or indirect flight options. Mundra’s role as a major private port and logistics centre has supported industrial and export activity across the region, while Ahmedabad remains an important commercial, financial, educational and business hub. The new service could therefore support movement linked to Gujarat’s expanding industrial and logistics economy.Read more

15 Aug 2026

Aura World has introduced Aura Vantage, a two-acre mixed-use commercial development in Sector 48, Gurugram, comprising organised retail and office spaces. The project has an estimated construction investment of INR 125 crore and a projected topline of INR 527 crore, with commercial units priced from INR 50 lakh. Retail spaces are planned from the ground to fourth floors, while offices will occupy the fifth to eleventh floors. The development is positioned within the established Sohna Road commercial corridor, where availability of sizeable land parcels for new organised projects has become increasingly limited. Its location provides connectivity to Golf Course Extension Road, Southern Peripheral Road and NH-48. The project is being positioned to serve the established residential and corporate catchment around Sector 48 through a combination of retail, office and supporting commercial uses.Read more

15 Aug 2026

Mumbai’s planned fleet of 238 air-conditioned suburban train rakes will now be manufactured at three Railway production units instead of being procured through the earlier international tender. The decision is aimed at bringing the first 12-coach AC local into service in 2027 and completing the entire fleet by 2030. The trains, comprising 2,856 coaches, are estimated to cost INR 19,293 crore. The revised plan comes after the earlier tender process faced delays and did not receive the expected response. The manufacturing programme will run alongside ongoing suburban railway capacity expansion works across Mumbai.Read more

15 Aug 2026

Airports have evolved far beyond transportation hubs, becoming powerful catalysts for urban expansion, industrial development and real estate growth. From India's rapidly developing Noida International Airport and Navi Mumbai International Airport to global examples such as Dubai South and Dallas/Fort Worth, major aviation projects have transformed surrounding regions into thriving residential, commercial and logistics corridors. Improved connectivity, infrastructure investment and economic activity have significantly increased land values while attracting businesses, industries and housing projects. These airport-led developments demonstrate how aviation infrastructure can redefine regional growth and influence long-term real estate markets.Read more

15 Aug 2026

Oriom Group has launched Oriom Realty, a dedicated real estate vertical that will develop residential, retail, commercial, hospitality and mixed-use projects across Odisha, initially focusing on Bhubaneswar and other emerging growth corridors. The move marks the industrial group's entry into organised real estate after 21 years of operations across steel and power, speciality chemicals and refractories. Headquartered in Bhubaneswar and originating in Jharsuguda, the group employs more than 3,000 people across multiple industrial facilities in eastern India. The company said its real estate strategy is linked to Odisha's infrastructure investment, industrial expansion and rising urbanisation. Odisha's urbanisation rate is currently about 17%, with the state targeting 40% by 2036 and 60% by 2047. Oriom Realty plans to use the group's engineering, governance and project execution capabilities across its proposed developments.Read more

Mumbai News Desk

15 Aug 2026

A landslide struck Ashok Nagar in Ghatkopar, Mumbai, early on August 12 after heavy rainfall, with debris and boulders crashing onto rooms in a densely populated chawl. The incident left seven people dead and seven injured, according to officials. Rescue operations were carried out by the Mumbai Fire Brigade, NDRF, police and civic teams, with narrow access lanes making the search difficult. Firefighters and NDRF personnel formed human chains to manually remove debris and search for victims. The incident has again highlighted the risks faced by residents living in landslide-prone areas during Mumbai's monsoon.Read more

15 Aug 2026

Public sector banks opened 6,255 branches and closed 4,093 branches over the last five financial years, according to data presented in Parliament. Branch closures were highest in FY22, while branch additions peaked in FY26. The government also informed Parliament that 15,930 wilful defaulters owed public sector banks INR 2.85 lakh crore as of June 30, 2026. Unclaimed deposits transferred to the Depositor Education and Awareness Fund stood at INR 98,073 crore by January 2026. The government also highlighted improvements in India’s sovereign credit ratings and measures taken to reduce the economic impact of the West Asia crisis.Read more

15 Aug 2026

Home improvement and interior brands are highlighting design, furniture and home furnishing services as homeowners prepare their properties for Independence Day and the upcoming festive season. Asian Paints’ Beautiful Homes offers services covering modular kitchens, wardrobes, uPVC doors and windows, bathware and furnishings. HomeLane is running its Freedom Festival from August 8 to August 15, 2026, with discounts across selected interior solutions and a gold giveaway. Interio by Godrej offers furniture across categories, while Livspace provides end-to-end home interior design services. Pepperfry continues to offer furniture and home décor through its online platform. Together, these brands cover several segments of the home improvement market, including interior design, furniture, furnishing, kitchens, wardrobes and related home solutions.Read more

15 Aug 2026

Tata Capital’s revolving credit exposure is below 5% of its overall credit exposure, according to managing director and CEO Rajiv Sabharwal. The company is preparing its feedback on the Reserve Bank of India’s draft proposal that seeks to restrict non-banking financial companies from offering revolving credit products and require credit facilities to follow a term-loan structure. Sabharwal said Tata Capital does not expect major concerns from the proposal at this stage, although the company is still assessing the possible impact. The RBI has invited feedback from regulated entities and stakeholders before finalising the framework.Read more

15 Aug 2026

Signature Global (India) Ltd reported revenue of INR 5.5 billion and collections of INR 6.7 billion in the first quarter of FY27. The Gurugram-focused developer’s pre-sales rose 25% quarter-on-quarter to INR 19.7 billion, while average sales realisation increased to INR 17,093 per sq ft from INR 15,250 per sq ft in FY26. The improvement in realisation was primarily attributed to the launch of Tonino Lamborghini Residences on Southern Peripheral Road in Sector 71, Gurugram. The company said the project marked its entry into branded residences and recorded a strong response during its first phase. Signature Global reported net debt of INR 3.9 billion at the end of June, while cash and bank balances, including fixed deposits, stood at INR 25.22 billion.Read more

15 Aug 2026

The Bharatiya Udyog Vyapar Mandal (BUVM) held its 45th Foundation Day National Traders’ Conference and Bhamashah Felicitation Ceremony at the Constitution Club of India in New Delhi on August 9. Around 1,000 trader representatives from 24 states and two Union Territories attended the event, which was presided over by BUVM national president Babulal Gupta. Union Minister for Law and Justice Arjun Ram Meghwal, who attended as chief guest, said stronger trade and business activity was necessary to support India's economic expansion and assured traders that their concerns relating to GST, online trade and other business matters would be considered. The conference discussed measures covering e-commerce, MSMEs, local trade, mandi taxation, GST and FSSAI regulations, besides proposing an expansion of the local-products initiative from 500 to 1,000 districts. BUVM also announced a national trade conference for January 2027.Read more

15 Aug 2026

K Raheja Corp has launched ‘Ekta Ki Dhun’, a musical film marking Independence Day and celebrating unity across its diverse businesses. The film features a stomp band rendition of ‘Vande Mataram’, bringing together employees, customers, partners and labourers from five businesses — Mindspace REIT, K Raheja Corp Homes, Chalet Hotels, Inorbit Malls and Shoppers Stop. Everyday objects and materials from construction sites, offices, homes, hotels, malls and retail stores have been used as instruments to create the musical composition. The initiative marks the fourth consecutive year that K Raheja Corp has used an original musical film for its Independence Day communication, following ‘Pragati Ki Dhun’, ‘Azadi Ki Dhun’ and ‘Desh Ki Dhun’. The film was conceptualised by the Group’s Corporate Communications team, composed by music director Sanket Sane and directed by filmmaker Alok Sutar.Read more

15 Aug 2026

ITC Maratha’s Peshwa Pavilion in Mumbai will mark Independence Day and Parsi New Year with a special ‘One Nation, Many Flavours’ festive dining experience on August 15, 2026. The menu will combine regional Indian dishes with traditional Parsi New Year specialities, including Amritsari Chole Kulche, Goan Prawn Curry, Chicken Chettinad, Kashmiri Rogan Josh, Hyderabadi Subz Biryani, Sali Boti, Patra Ni Machhi and Mawa Cake. A dedicated Tricolour Chaat & Dessert Station will add to the Independence Day theme. Guests will also receive a traditional Parsi welcome featuring rosewater spraying, along with a complimentary glass of Falooda or Raspberry Soda. Tables of four or more will receive a flat 19.47% discount on the total bill. The experience is priced at INR 3,150 plus taxes per person, inclusive of soft beverages.Read more

15 Aug 2026

The Navi Mumbai Municipal Corporation has announced August 17 as the final deadline for voters to submit enumeration forms under the Special Intensive Revision (SIR) of electoral rolls. The revision exercise began on June 30, and voters who fail to submit their forms to their Booth Level Officer (BLO) by the extended deadline risk having their names excluded from the draft electoral roll. They would then have to submit Form 6 and complete the enrolment process afresh to have their names included again. To assist voters, special SIR camps will operate at 179 locations on August 8 and 9. Additional evening camps will also be held in parts of the Airoli constituency where form collection and digitisation remain comparatively low. The civic administration has urged voters to submit their forms before the final deadline.Read more

15 Aug 2026

Dubai recorded 38,197 rental contracts in July 2026, taking the year-to-date total for the first seven months to 214,445, according to fäm Properties. The figure is 1.9% higher than the corresponding period last year, when the emirate registered a record 377,660 rental contracts for the full year. One-bedroom units accounted for 41% of contracts recorded so far in 2026. Meanwhile, Dubai recorded 13,872 property sales transactions worth AED 34.5 billion in July, with off-plan transactions accounting for 9,585 deals valued at AED 20.5 billion. Dubai South remained the leading area by sales volume for the fifth consecutive month, recording 2,351 transactions worth AED 2.6 billion. Apartment sales led July activity, while the highest-value apartment and villa transactions were AED 166 million and AED 73 million, respectively.Read more

15 Aug 2026

Several urban infrastructure projects in Kochi are facing delays and administrative uncertainty as Cochin Smart Mission Limited (CSML) prepares to wind down operations after completing its mandate. The affected initiatives include public-space improvements beneath the Vyttila and Palarivattom flyovers, the INR 30-crore project for organised plazas, pedestrian walkways and green corridors, the INR 5.43-crore Nature Park near Vyttila Mobility Hub, and further development of the city's smart parking system. While the Nature Park is expected to be completed, the future of the flyover-area redevelopment remains undecided. CSML is currently preparing project reports for handover to Kochi Corporation. The smart parking system has also encountered delays, with software upgrades and integration work stalled during the transition. The developments raise questions over continuity of implementation and maintenance as responsibility moves from CSML to the civic body.Read more

15 Aug 2026

The Navi Mumbai Municipal Corporation’s Standing Committee has approved a series of civic infrastructure works covering sewage treatment, flood protection, water supply, chlorination, drainage, footpaths and urban beautification. The approved works include upgrades to the 100 MLD sewage treatment plant in Sector 50, Nerul, supported by INR 8 crore in incentive funding under the Centre’s AMRUT 2.0 ‘Jal Hi Amrut’ initiative. Other sanctioned projects include a flap gate at Sanpada, a protective room for 33kV feeder panels at CBD Belapur, a chlorine unit at Vashi, replacement of an 800mm-diameter water pipeline near Pawane and improvements to Rock Garden in Nerul. The committee has also approved road beautification between Mahape Bridge and Digha, drainage and footpath repairs in Airoli settlements, and upgrades to drainage and footpaths in Nerul Sector 46.Read more