Hyderabad News Desk

13 minutes ago

More than 800 buildings have been identified as unauthorised across the Cyberabad Municipal Corporation (CMC) area following a citywide inspection drive launched after the Gachibowli building collapse. The Kukatpally zone accounts for the largest share of the structures flagged by officials, while other zones have also reported significant violations. Authorities are examining buildings constructed without required permissions or in breach of sanctioned plans, with demolition action initiated against several under-construction structures. The exercise has intensified scrutiny of building approvals and construction practices across the rapidly developing western parts of Hyderabad.Read more

26 Aug 2026

The Supreme Court has imposed an interim ban on construction and development activities within 100 metres of the edge of Rajasthan’s Jojari river, citing serious ecological degradation of the Jojari-Bandi-Luni river system. The court has also prohibited hazardous industries and activities capable of causing pollution or contamination within 500 metres of either side of the existing flood line, or the river’s present flow path where the flood line has not been identified. The restrictions will remain until the high flood line and ecological buffer zones are scientifically determined and demarcated.Read more

26 Aug 2026

Tamil Nadu has decided to drop the proposed INR 27,400-crore greenfield airport at Parandur near Chennai and will explore an alternative location for the city's second airport. The decision follows prolonged concerns over the project's impact on agricultural land, water bodies and settlements in and around the proposed site. The state continues to face the need for additional aviation capacity as Chennai's passenger and cargo traffic grows, making the search for another location an important part of its long-term infrastructure planning.Read more

Mumbai News Desk

26 Aug 2026

The Mumbai Cricket Association (MCA) has sought permission from the Brihanmumbai Municipal Corporation (BMC) to undertake the development and maintenance of the cricket ground at Shivaji Park in Dadar. The association has proposed carrying out the work at its own cost, citing the ground's importance to Mumbai's cricketing heritage and the need for systematic upkeep. The proposal is under consideration by the civic authorities and could address concerns related to dust, water management and the condition of the playing surface.Read more

26 Aug 2026

Global logistics company FedEx has announced an investment of approximately USD 150 million to develop an integrated air cargo hub at GMR Cargo City, Indira Gandhi International Airport, New Delhi. The facility, spread across around 230,000 square feet, will bring international gateway and pickup-and-delivery operations under one roof and is expected to raise processing capacity from 600 to 5,000 packages per hour. The groundbreaking ceremony was attended by Union Civil Aviation Minister Shri K Rammohan Naidu.Read more

26 Aug 2026

Zillow has reached a settlement with the US Federal Trade Commission and five states over allegations that it paid Redfin USD 100 million to stop competing in apartment rental listings. The authorities had alleged that the agreement reduced competition, increased advertising costs for landlords and affected listing quality for renters. Under the settlement, Redfin will be allowed to continue displaying Zillow advertisements while rebuilding its own rental advertising business within six months. The case was part of a broader focus by US antitrust authorities on competition in the housing sector and rising living costs.Read more

26 Aug 2026

Inorbit Malls has completed the acquisition of two shopping mall assets from Prozone Realty Ltd for INR 1,242.5 crore as part of its expansion plans. The malls are located in Chhatrapati Sambhaji Nagar, formerly Aurangabad, and Coimbatore. With the completion of the transaction, Inorbit Malls has doubled its asset base from four to eight within a year, while its total gross leasing area has crossed 5 million square feet. Prozone Realty has also confirmed the completion of the sale and transfer of its equity shareholdings in the two mall assets to Inorbit Malls (India) Pvt Ltd.Read more

26 Aug 2026

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that merely purchasing a residential property jointly with a spouse does not automatically restrict the Section 54 capital gains tax exemption to 50% for each co-owner. The tribunal held that the availability of the exemption should be considered in the context of the actual investment and contribution towards the new property, rather than applying an automatic equal division based solely on joint ownership. The ruling addresses the tax treatment of jointly purchased residential property and provides clarity where one spouse has contributed substantially more towards the purchase. The decision is relevant to property owners seeking to claim capital gains relief after selling an earlier residential asset and reinvesting the proceeds in a new home.Read more

26 Aug 2026

State-owned NBCC (India) Ltd has sold 111 residential units at Aspire Silicon City in Noida through an e-auction for around INR 416.53 crore. The company, which operates in project management consultancy and real estate, will receive a 1% marketing fee on the sale value. The auction is part of NBCC’s wider role in completing stalled Amrapali projects under a Supreme Court-directed framework. NBCC has been tasked with completing around 38,000 flats for homebuyers and is also developing more than 10,000 additional apartments across five Amrapali projects in Greater Noida.Read more

26 Aug 2026

The government plans to award 11 Airports Authority of India airports to private players under the public-private partnership model, grouping them into five bundles. The proposed airports include Varanasi, Tirupati, Amritsar, Bhubaneswar and Raipur, along with six smaller airports. The Public Private Partnership Appraisal Committee has given in-principle approval to the proposal, under which each bundle will be awarded to a single concessionaire for 50 years. The total investment by private operators is estimated at INR 8,622 crore. The government has also proposed measures to protect the interests of existing AAI employees during the transition.Read more

26 Aug 2026

Australian residential property developer Bathla Group has appointed external administrators to restructure the business as it faces weaker sales, higher construction costs and changes to federal tax policy. Teneo has been appointed to oversee the restructuring, with the company seeking to maintain housing supply in Sydney and other markets. Bathla had liabilities of AUD3.2 billion as of June 2025 and employs 226 people. The developer’s move comes amid a weaker Australian housing market, with property sales and volumes declining through 2026. The company was established in 1997 and operates across New South Wales, South Australia and Victoria.Read more

26 Aug 2026

The Insolvency and Bankruptcy Board of India (IBBI) has taken action against two key officials overseeing the insolvency process of Revital Reality Pvt Ltd, the developer behind the delayed Supertech Basera affordable housing project in Gurugram’s Sector 79/79B. In separate orders issued on August 20, the regulator suspended resolution professional (RP) Gaurav Katiyar’s registration for two years and cancelled the registration of authorised representative (AR) Deepak Kumar Goyal, who represented homebuyers in the Committee of Creditors (CoC). Both orders will come into effect after 30 days.Read more

26 Aug 2026

The Maharashtra State Road Development Corporation (MSRDC) has completed the bulk of the eight-laning work on the 23.8-kilometre Thane-Vadape stretch of the Mumbai-Nashik Highway, with major civil works targeted for completion by August 2026. Once fully operational, the upgraded corridor is expected to cut travel time on the stretch from the current 90 to 120 minutes down to around 30 to 40 minutes. The INR 1,182 crore project, being executed under the Hybrid Annuity Model, includes the construction of three major bridges and ten vehicular underpasses, with the railway overbridge, the sole remaining major structure, targeted for completion by September 2026.Read more

26 Aug 2026

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has approved the merger of Oriental Hotels Ltd (OHL) through an all-stock transaction aimed at consolidating its hospitality business. The boards of both companies have cleared the Scheme of Arrangement, under which OHL shareholders will receive 25 IHCL shares for every 117 OHL shares. The merger is expected to be completed in the second half of FY2028, subject to regulatory and shareholder approvals, and is intended to simplify the group's ownership structure and strengthen operational integration.Read more

26 Aug 2026

India’s All India House Price Index (HPI) rose 1.1% quarter-on-quarter during the April-June quarter of FY27, supported mainly by higher house prices in Chandigarh, Lucknow and Thiruvananthapuram, according to Reserve Bank of India (RBI) data. On a year-on-year basis, the index increased 3.6% in the first quarter of FY27, matching the growth recorded in the same quarter a year earlier. Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram were among the cities that contributed most to the annual increase. The RBI compiles the index every quarter using transaction-level data from registration authorities.Read more

26 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) has started demolition of alleged unauthorised alterations and encroachments in flats at Rustomjee Crown, a luxury residential project in Prabhadevi. The action follows complaints alleging that residents had enclosed common areas around lifts and incorporated them into their apartments, along with other changes that were not part of the sanctioned building plan. The civic body had issued notices to more than 100 flats and has now begun enforcement action after following the required legal process. The demolition drive is expected to continue over the coming days.Read more

Bangalore News Desk

26 Aug 2026

Puravankara Limited has entered into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru, carrying an estimated Gross Development Value of INR 1,100 crore. The project will have a saleable area of approximately 0.89 million square feet and will be developed as a residential community. This marks the company's fifth land transaction in Bengaluru for FY27. Managing Director Ashish Puravankara said the deal reflects the company's disciplined, capital-light approach to expanding its development pipeline in markets with consistent end-user demand.Read more

26 Aug 2026

Homebuyers of OSB Golf Heights in Gurugram's Sector 69 have protested over prolonged construction delays, alleging that only around 10% of the project has been completed even after eight years. Buyers have sought intervention from authorities, citing continued uncertainty over possession and the status of their investments. The project is an affordable housing development registered with Haryana RERA, where regulatory proceedings have also been recorded. The dispute highlights continuing concerns over stalled housing projects in Gurugram and the difficulties faced by buyers awaiting completion despite years of financial commitments.Read more

26 Aug 2026

Sebi has decided to introduce an IT Resilience Index (ITRI) to assess the performance and resilience of information technology systems used by market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. The framework will use nine parameters with defined weightages to enable consistent assessment across MIIs. It will also include an Early Warning System to identify emerging weaknesses that could result in system performance issues or disruptions. MIIs will operationalise the framework, including real-time service monitoring, by February 2027, with the first index calculation covering the half-year ended March 2027.Read more

26 Aug 2026

Renewable energy developers may exercise penalty-free exit options from several plain solar and high-tariff hybrid projects that are struggling to secure power purchase agreements (PPAs), Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi said at the BloombergNEF Summit in New Delhi. Renewable Energy Implementing Agencies (REIAs) have been asked to explore ways of getting distribution companies (DISCOMs) to procure power from stalled projects, including by modifying their project profiles within discovered tariffs. Around 42 GW of renewable energy capacity is currently without PPAs, according to Sarangi.Read more

26 Aug 2026

The Belagavi chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has urged the Belagavi City Corporation (BCC) to expedite the renewal and activation of registered engineers’ licences on Karnataka’s Nirman-2 portal. Several licensed engineers are currently unable to submit or process building permission applications because their licences have not been renewed or activated on the digital platform. CREDAI said the issue is affecting builders, engineers and citizens awaiting approvals. The association has specifically sought faster action for applications involving alterations and additions, as well as Ground Plus Four (G+4) building permissions. The issue has raised concerns over delays in the construction approval process and the delivery of related civic services in Belagavi.Read more

26 Aug 2026

India’s production of critical structures for the C-130J Super Hercules is strengthening the country’s defence manufacturing partnership with the US, according to US Ambassador Sergio Gor. During a visit to the Tata-Lockheed Martin Aerostructures facility in Hyderabad, Gor highlighted the joint venture’s role in supporting aerospace manufacturing and supply chains. Established in 2010, the facility is the global source of C-130J empennage assemblies for new aircraft produced in the US. The joint venture is now looking to participate in India’s requirement for around 80 Medium Transport Aircraft under a multi-billion-dollar procurement programme.Read more

26 Aug 2026

Haryana Real Estate Regulatory Authority (HRERA) has directed Pyramid Infratech to pay annual interest of 10.8% to four homebuyers over delayed possession of flats in its Pyramid Fusion Homes project in Gurugram's Sector 70A. The authority determined that possession was due in August 2023 and rejected the developer's reliance on Covid-related restrictions, pollution-control measures and labour shortages as grounds for further delay. The project received its occupation certificate in August 2024, with possession subsequently offered and handed over. HRERA has given the developer 90 days to pay the accrued interest.Read more

26 Aug 2026

Tamil Nadu has dropped plans to build a second airport for Chennai at Parandur, a project estimated to cost INR 274 billion (USD 2.86 billion), and is now looking at alternative locations with less impact on agricultural land. The proposed airport had received civil aviation clearance under the previous government but faced opposition from farmers. Chennai is a major manufacturing and industrial centre, with factories and suppliers linked to Hyundai, Renault, Apple, Foxconn and Tata Electronics. The state also plans to expand the existing airport’s capacity from 30 million to 55 million passengers annually.Read more

26 Aug 2026

Commerce and Industry Minister Piyush Goyal has invited Japanese companies to increase investments in India, expand localisation and establish research, innovation and global capability centres. Speaking to Japanese businesses in Tokyo, Goyal highlighted India’s economic growth, large domestic market and expanding international trade ties through free trade agreements. He also said the government was willing to support innovation funding and encouraged companies to build engineering partnerships with Indian academic institutions. Japan is already India’s fifth-largest investor, with USD 48.14 billion in FDI received between April 2000 and March 2026, accounting for 6% of total FDI during the period.Read more

26 Aug 2026

The Goa government has approved an extension of the deadline for applications to regularise eligible homes built on comunidade land, increasing the application window from six months to 18 months. The move is intended to help eligible landless occupants who could not complete the process within the original period because of documentation and administrative constraints. The one-time framework covers dwelling houses constructed before February 28, 2014. It also provides for compensation to comunidades and the return of excess encroached land, balancing residents' housing needs with comunidade land rights.Read more

Hyderabad News Desk

26 Aug 2026

Hyderabad’s Raidurg Panmaktha, now part of the Knowledge City corridor, has emerged as a major revenue generator for Telangana, with government land auctions bringing more than INR 10,000 crore into the state exchequer over the past two decades. Nearly INR 8,000 crore has been realised in the last two-and-a-half years as demand for premium land accelerated. The latest auction of a 5.25-acre plot fetched INR 1,386 crore, or INR 264 crore per acre, setting a new benchmark. The surge reflects strong investor demand for strategically located land along Hyderabad’s western IT corridor.Read more

Noida News Desk

26 Aug 2026

beYon, the laboratory-grown diamond jewellery brand from the House of Titan, has opened its second exclusive store and its first in North India at Central 50, Sector 50, Noida. The launch expands the brand’s retail presence beyond Mumbai as demand for laboratory-grown diamond jewellery grows among consumers. The store offers more than 1,200 designs in BIS Hallmarked gold across earrings, rings, pendants, necklaces, bracelets, bangles and nosepins. With prices starting at INR 20,000 and most products priced below INR 1 lakh, the brand is targeting everyday jewellery purchases as well as gifting occasions.Read more

26 Aug 2026

Rustomjee has launched Ozone Skye, a 50-storey premium residential project on S.V. Road in Goregaon West, with a gross development value of around INR 400 crore. The project comprises 158 residences in 1, 2 and 3 BHK configurations and includes sky-level amenities across the 49th and 50th floors. The development is located close to Lower Malad Metro Station and Goregaon Railway Station and has access to major roads, business districts, retail destinations and social infrastructure. Its location is also expected to benefit from upcoming infrastructure projects, including Metro Line 6 and the Goregaon-Mulund Link Road.Read more

26 Aug 2026

Odisha’s Housing and Urban Development Department has intensified hearings on appeals concerning building plan violations, demolition proceedings and other planning disputes under the Odisha Development Authorities (ODA) Act, 1982. The move follows increased enforcement against unauthorised structures after the Supreme Court’s intervention on illegal construction. Records of the appellate authority show that 387 appeals were listed for hearing over the past 18 months, of which 100 have been disposed of, leaving 287 pending. Some cases date back to 2002 and 2004. Appeals involving the Bhubaneswar Development Authority, Bhubaneswar Municipal Corporation, Cuttack Municipal Corporation and Cuttack Development Authority are among those under consideration. The department has increased the frequency of hearings to address the backlog while maintaining the requirement for case-by-case examination of records, site reports and submissions.Read more

26 Aug 2026

Water has played a central role in Indian architecture for centuries, serving not only as a source of life but also as an element of religious symbolism, climate control, landscape design, acoustics and defence. Across different regions, architects and rulers developed structures that incorporated lakes, channels, tanks, streams and seas directly into their layouts. From sacred complexes surrounded by water to forts designed around freshwater reserves, these monuments demonstrate how traditional Indian architecture adapted to local geography and climate while giving water a strong functional and visual role.Read more

26 Aug 2026

The Vatican is planning a renewable energy plant costing around EUR 100 million that could make Vatican City fully energy self-sufficient within about two years, according to sources involved in discussions on the project. The agrivoltaic facility is expected to have a capacity of 80 to 90 megawatts and will combine solar power generation with agriculture at the Vatican-owned Santa Maria di Galeria estate near Rome. The project could take 18 to 24 months, including approvals and administrative procedures. Contracts are expected to be put out to tender in the coming weeks, with surplus electricity supplied to Italy.Read more

26 Aug 2026

The Enforcement Directorate conducted searches at multiple locations in Uttar Pradesh and Haryana as part of a money laundering investigation linked to an alleged GST fraud involving bogus Input Tax Credit (ITC). Nine premises in Muzaffarnagar and Ghaziabad, along with locations in Faridabad, were searched under the Prevention of Money Laundering Act. Officials said INR 1.1 crore in cash was seized from two locations in the two Uttar Pradesh cities. The investigation centres on Jambudwip Exports and Imports, which is accused of generating and passing fraudulent ITC through fabricated invoices and e-way bills without any actual movement of goods.Read more

26 Aug 2026

DP World is seeking an extension of the concession period for its Nhava Sheva International Container Terminal at Jawaharlal Nehru Port near Mumbai beyond its 30-year tenure, which ends in 2027. The company also operates the adjacent Nhava Sheva (India) Gateway Terminal, whose concession runs until 2031. DP World said it plans to operationalise its new mega-container terminal at Tuna-Tekra by the end of next year and has committed an additional USD 5 billion investment in India. The company has already invested USD 3 billion in the country over the past three decades.Read more

26 Aug 2026

The Goa government is preparing to launch a major housing scheme for citizens without homes of their own, under the Chief Minister Housing Scheme, with the launch likely to take place around Diwali. Goa Housing Board Chairman Jit Arolkar said eligibility criteria are being finalised, with applicants likely required to furnish proof of at least 30 years' residence in the state. Rather than outright ownership, homes will be allotted on lease, with beneficiaries required to vacate if they later become financially capable of buying their own house. The scheme will be rolled out across all talukas, beginning with Pernem.Read more

26 Aug 2026

Realty firm Elan Group has partnered with Marriott International to manage an upcoming JW Marriott Hotel Gurugram and JW Marriott Residences at its 50-acre township in Sector 106, Dwarka Expressway, Gurugram. Elan will handle construction and development, while Marriott Hotels India will manage both the hotel and residences upon completion. Sales for the branded residences will begin after RERA registration is secured. The tie-up adds to a growing list of Delhi-NCR developers entering the branded homes segment.Read more

26 Aug 2026

The Varanasi Municipal Corporation has collected INR 39.36 lakh in property tax from 276 property owners within the first three days of its One-Time Settlement (OTS) scheme for tax defaulters. Launched on August 15, the initiative offers a full waiver of interest and surcharge when eligible taxpayers clear their principal dues in a single payment. The civic body has also introduced an instalment facility for taxpayers with dues of up to INR 1 lakh. The scheme will remain open until December 15, giving defaulters a wider window to settle pending municipal taxes.Read more

Delhi News Desk

26 Aug 2026

The Enforcement Directorate (ED) has submitted a status report in a sealed cover before the Rouse Avenue court in New Delhi as it continues investigating the role of real estate company DLF in the Shikohpur land deal. The agency has sought additional time to complete the investigation and has supplied documents to the accused, while seeking three weeks to provide a list of unrelied documents. The court also received a translation certificate for a Gujarati-language land deed. The matter has been listed for September 23, with the court directing the ED to address an unanswered query in its next report.Read more

26 Aug 2026

A three-day global energy event in New Delhi is expected to help advance an investment and partnership pipeline worth INR 45,000 crore in India’s power sector through 2032. Bharat Electricity, POWERGEN India & Indian Utility Week 2026 will bring together more than 15,000 professionals, over 250 exhibitors and more than 150 industry leaders to discuss smart grids, renewable energy, low-carbon solutions and digital utilities. The event will also provide a platform for project development, technology procurement, joint ventures, manufacturing proposals and strategic partnerships across the electricity value chain.Read more

26 Aug 2026

Smartworks Coworking Spaces Ltd has announced approximately INR 2.35 billion in incremental contracted rental revenue, adding to its contracted income from its managed workspace business. The company operates flexible office spaces for businesses across major Indian commercial markets. The latest revenue addition reflects new rental contracts secured by the company and provides visibility into future income from its workspace portfolio. Smartworks has been expanding its managed office presence as demand for flexible and managed workspaces continues to grow among companies seeking office space without taking on the full operational responsibilities of conventional commercial leases.Read more

Mumbai News Desk

26 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) is considering a regulatory framework for more than 1,500 privately operated sports turfs across Mumbai following approval of a resolution on an Advanced Smart Turf Policy. The proposed system is intended to standardise registration, operating conditions, safety measures and digital transactions for artificial sports facilities. It also addresses concerns involving late-night activity, noise, floodlighting and fire safety, particularly where turfs operate close to residential buildings. The framework could differentiate operating hours according to the surrounding land use, with tighter restrictions proposed for residential areas. The move comes as privately run football, cricket and other sports facilities have expanded across the city.Read more

26 Aug 2026

The plan to monetise 271 hectares of land around Dr Babasaheb Ambedkar International Airport in Nagpur has moved forward, with Mihan India Ltd initiating the process to appoint a consultant for preparing a development roadmap. The identified land comprises 122 hectares belonging to the Airports Authority of India and 149 hectares held by Maharashtra Airport Development Company. The proposed plan will assess opportunities for commercial, industrial, residential and aviation-linked development. The exercise comes alongside the airport's planned modernisation and could support new investment and infrastructure growth around the airport corridor.Read more

26 Aug 2026

Odisha is planning to develop around 30,000 affordable housing units under Pradhan Mantri Awas Yojana-Urban 2.0, as the state expands its focus on housing for economically weaker sections. The initiative will cover projects across multiple urban local bodies, with land being identified for affordable housing developments. The state is also working on rental and transit housing alongside ownership-led projects. The Centre has sanctioned more than 2.09 lakh PMAY-U 2.0 houses nationally in its latest approval round, including proposals from Odisha, supporting the state's wider affordable housing programme.Read more

Patna News Desk

26 Aug 2026

The Patna Municipal Corporation (PMC) has taken action on 26,746 cases of unauthorised non-residential use of residential properties, as part of a citywide ward-by-ward survey being conducted in compliance with Supreme Court directives. The exercise follows an order dated 18 February 2026 passed in SLP (Civil) No. 8044/2025, which required urban local bodies across the country to identify and act against residential premises being illegally used for commercial or other non-residential purposes. The survey, under way across all of PMC's zones, forms part of a broader national enforcement drive targeting unauthorised land-use violations in cities.Read more

26 Aug 2026

Andhra Pradesh Chief Minister Shri N Chandrababu Naidu has thanked Prime Minister Shri Narendra Modi and Union Road Transport Minister Shri Nitin Gadkari following the approval of the 1,107-km Kharagpur-Amaravati greenfield highway. The corridor includes a 457-km four-lane stretch through Andhra Pradesh, to be built at an estimated cost of INR 32,000 crore. Shri Naidu said the project will link Andhra Pradesh with Eastern India, lower logistics costs for farmers and industry, and support the growth of Amaravati as an economic hub.Read more

26 Aug 2026

The Reconciliator under Goa's Department of Cooperation has directed builder M/s Kurtarkar Real Estates to pay INR 19,74,716 in outstanding maintenance dues for 39 unsold units at the Kurtarkar Landmark complex in Gogol, Margao. The order, passed in favour of the Kurtarkar Landmark Cooperative Housing Maintenance Society, rejected the developer's contention that maintenance liability applies only to sold and occupied units, citing Rule 135(5) of the Goa Cooperative Societies Rules, 2003.Read more

26 Aug 2026

China’s property crisis is entering its sixth year, with falling home prices, weak land sales, declining construction activity and unfinished housing projects continuing to weigh on the economy. The sentencing of Hui Ka Yan, founder of China Evergrande, to life in prison has again drawn attention to the depth of the sector’s problems, but analysts see no immediate resolution. The prolonged housing downturn has also weakened household consumption and pushed China to rely more heavily on exports. While some analysts expect the worst to be over, others believe prices still have further to fall before the market reaches equilibrium.Read more

26 Aug 2026

The Haryana Real Estate Regulatory Authority (HRERA), Panchkula, has awarded three months' civil imprisonment to Jagath Chandra, working director of Ansal Properties and Infrastructure Ltd, for repeatedly defying the authority's orders in an execution petition pending since 2022. Major Phalit Sharma (retd), Adjudicating Officer, HRERA, issued the order on 17 August after Chandra neither appeared in person to respond to a show-cause notice, despite being given a third opportunity, nor appeared through video-conferencing. The order directs that a warrant of arrest be issued against her once the decree holder deposits the requisite subsistence allowance.Read more

26 Aug 2026

India Infrastructure Finance Company Limited (IIFCL) has raised USD 200 million through two external commercial borrowing transactions, marking the first mobilisation under its larger USD 1.8 billion overseas fundraising programme. The state-owned infrastructure finance institution received government approval to raise about USD 1.8 billion through ECBs and plans to access international markets in multiple tranches. A significant portion of the broader programme is expected to comprise long-term borrowings with tenures of up to 15 years, including funding under the MIGA Guarantee Facility. The funds will support IIFCL’s infrastructure financing activities in India.Read more

26 Aug 2026

Indian Hotels Company Ltd (IHCL), part of the Tata Group, and its associate company Oriental Hotels Ltd (OHL) have approved a Scheme of Arrangement to merge OHL with IHCL through an all-stock transaction. Under the proposed scheme, OHL shareholders will receive 25 IHCL shares for every 117 OHL shares held. The transaction has an appointed date of April 1, 2027, and is targeted for completion in the second half of FY2028, subject to statutory approvals. OHL operates seven hotels with 825 rooms, including Taj Coromandel and Taj Fisherman’s Cove in Chennai and Taj Malabar Resort & Spa in Kochi.Read more