Mumbai News Desk

14 minutes ago

• Heavy monsoon rains and strong winds disrupted operations at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA), leading to the cancellation of 17 flights and delays affecting more than 200 services.
• The India Meteorological Department (IMD) issued a Red Alert for Mumbai and surrounding districts, warning of extremely heavy rainfall, strong winds and the possibility of flooding and transport disruptions.
• Airlines, including IndiGo, Air India, Akasa Air and SpiceJet, issued travel advisories urging passengers to check flight schedules before heading to the airport, while authorities monitored operations closely.
• Despite the disruptions, airport authorities continued operations with precautionary measures, while emergency agencies remained on high alert as forecasts indicated continued heavy rainfall across the Mumbai Metropolitan Region.Read more

44 minutes ago

Swiss healthcare real estate company Infracore has announced a market capitalisation of CHF 826 million (around USD 1 billion) ahead of its stock market debut in Zurich. The valuation is based on a fixed offer price of CHF 54 per share, with about 27.5% of the company's shares available for public trading. The listing marks a key milestone for Infracore as it enters the public market, while maintaining a majority of its shares with existing shareholders. The company operates in Switzerland's healthcare real estate sector.Read more

1 hour ago

India marked another milestone in its semiconductor journey with the inauguration of CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. Addressing the event, Prime Minister Narendra Modi said the country is steadily building a complete semiconductor ecosystem that spans chip design, fabrication, packaging and advanced manufacturing. He highlighted the sector’s potential to create employment across research, engineering, manufacturing and supply chains, while emphasising skill development, innovation and ease of doing business. The facility forms part of India’s broader push to strengthen technological self-reliance and expand its role in the global semiconductor value chain.Read more

1 hour ago

Frasers Property has announced plans to divest five assets in Australia through a proposed transaction valued at AUD 288.6 million (SGD 258.4 million). The move forms part of the company's ongoing portfolio management strategy as it continues to optimise its asset base and recycle capital. Frasers Property has regularly undertaken similar transactions across its global markets to strengthen its balance sheet and support future investments. The company has not disclosed additional details on the assets involved or the prospective buyer in its initial announcement.Read more

09 Jul 2026

Yuexiu Property has announced that one of its subsidiaries will acquire a 70.3% effective interest in Hangzhou Binfeng Real Estate Development as part of its ongoing expansion strategy. The total consideration for the transaction includes an equity payment of RMB 363.6 million along with other components. The acquisition is expected to strengthen the company's presence in Hangzhou, one of China's key property markets. Yuexiu Property has continued to pursue selective investments in high-potential projects while maintaining its focus on expanding its development portfolio.Read more

09 Jul 2026

India is preparing to expand its semiconductor incentive framework under the proposed Semicon 2.0 programme, moving beyond support for fabrication units to encourage investments across the broader semiconductor value chain. Recommendations in the national roadmap call for stronger backing for advanced packaging, compound semiconductors, critical materials, research infrastructure, talent development and strategic partnerships. The proposed framework also outlines new financing mechanisms, manufacturing clusters and export support aimed at strengthening India's long-term position in the global semiconductor industry while reducing dependence on imports.Read more

09 Jul 2026

Madhya Pradesh, Gujarat, Rajasthan and Maharashtra signed a one-time settlement agreement in New Delhi resolving decades-old payment and cost-sharing issues linked to the Narmada Award and the Sardar Sarovar Project. The pact was signed in the presence of Union Home Minister Shri Amit Shah and Union Jal Shakti Minister Shri C R Patil, along with the chief ministers of all four states. The agreement addresses outstanding compensation and rehabilitation-related dues tied to submergence and land acquisition under the project.Read more

Ahmedabad News Desk

09 Jul 2026

• The Ahmedabad Municipal Corporation (AMC) plans to widen roads along the Kharicut canal into three-lane corridors to improve traffic flow and strengthen connectivity across the city's eastern neighbourhoods.
• The road expansion forms part of a larger redevelopment programme that integrates canal rejuvenation, drainage upgrades and lake interlinking to improve urban infrastructure and flood management.
• By utilising the Kharicut canal corridor as a mobility route, the civic body aims to ease congestion on existing arterial roads while enhancing access to residential, industrial and commercial areas.
• The project reflects AMC's integrated urban planning approach, combining transport infrastructure, water management and public space development to support Ahmedabad's long-term growth and improve the city's resilience to future urban challenges.Read more

09 Jul 2026

Swedish Logistic Property (SLP) has announced the development of a new 5,000 square metre logistics facility in Eskilstuna after acquiring land in the Eskilstuna Logistics Park from the Municipality of Eskilstuna. The company has already secured a 12-year lease agreement for the upcoming property, providing long-term occupancy visibility. The project is expected to generate an annual rental value of around SEK 6.5 million, with the tenant scheduled to take occupancy at the beginning of the fourth quarter of 2027. The development is part of SLP's strategy to expand its logistics property portfolio.Read more

Mumbai News Desk

09 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) will consult experts from IIT Bombay and the University of Mumbai to study the causes of tree falls across the city after recent monsoon incidents. Municipal Commissioner Ashwini Bhide said ongoing road concretisation cannot be solely blamed for uprooted trees, citing multiple contributing factors such as ageing trees, heavy rainfall, strong winds and soil conditions. The civic body plans to adopt a scientific approach to strengthen urban tree management and improve public safetyRead more

09 Jul 2026

The Central Information Commission (CIC) has advised the Municipal Corporation of Delhi (MCD) to proactively disclose records relating to residential lift installations, including building plans, approvals, maps and associated documents, in the wider public interest. The advisory was issued in the past week while disposing of a show-cause proceeding against an MCD Public Information Officer (PIO) over delays in providing information under the Right to Information (RTI) Act. Information Commissioner Vinod Kumar Tiwari observed that records relating to lift installation permissions have recurring public relevance and should be placed in the public domain to improve transparency and reduce the need for individual RTI applications. The Commission accepted the PIO's explanation for the delay and decided against initiating penal action.Read more

09 Jul 2026

Heavy rainfall triggered flash floods and landslides in Jammu and Kashmir's Doda district, causing extensive damage to homes, roads, vehicles and public infrastructure while disrupting connectivity across several areas. Overflowing streams inundated residential settlements, prompting rescue and restoration efforts by local authorities. Road links were blocked by debris and damaged culverts, affecting transportation and access to remote villages. Officials have begun assessing losses as the India Meteorological Department has warned of continued heavy rainfall across parts of the Union Territory.Read more

09 Jul 2026

The Commission for Air Quality Management (CAQM) has reported 62 violations of pollution control norms across construction and demolition (C&D) sites, industrial units and diesel generator set operations in the National Capital Region (NCR) during inspections conducted between June 14 and June 30. The findings were reviewed during the Enforcement Task Force's 134th meeting held in the past week. Authorities carried out 173 inspections, including checks at C&D sites, industrial clusters and diesel generator installations. Following compliance verification, seven resumption orders were issued for construction sites, with two granted in Uttar Pradesh and five in Haryana. The CAQM said enforcement agencies had acted on all identified violations and reiterated the need for strict compliance with environmental regulations and stronger inter-agency coordination to improve air quality across the NCR.Read more

09 Jul 2026

Mainland China and Hong Kong equity markets closed lower after property stocks led broad-based declines, reflecting continued concerns over the country's real estate sector and slowing economic growth. Investors remained cautious ahead of key domestic economic indicators expected over the coming days and awaited the release of minutes from the U.S. Federal Reserve's latest policy meeting for signals on future interest rates. Fresh projections from the World Bank indicating slower economic growth over the next two years also added to market pressure, while authorities continued efforts to strengthen Hong Kong's role as an offshore yuan trading hub.Read more

09 Jul 2026

The Centre is preparing a Model Own Source Revenue (OSR) Rules Framework to help states strengthen the financial independence of Panchayati Raj Institutions (PRIs) and improve local revenue mobilisation. The proposal was announced during a national workshop on implementing the Sixteenth Finance Commission's recommendations, which allocate INR 4.35 lakh crore to Rural Local Bodies between 2026-27 and 2030-31. Alongside enhanced fiscal devolution, the government has urged states to improve preparedness for performance-based grants, adopt digital governance platforms and build financially resilient panchayats capable of delivering more effective grassroots governance.Read more

09 Jul 2026

After spending close to four decades in the corporate sector, real estate sales veteran Vineet Nanda has concluded his corporate career with BPTP Ltd. While stepping away from executive roles, he will continue to remain associated with the real estate industry through community-focused initiatives. During his career, Nanda held leadership positions at several leading developers, contributed to more than USD 6 billion in residential sales, built a nationwide network of over 40,000 channel partners, and received multiple industry recognitions for his work in the luxury real estate segment.Read more

09 Jul 2026

Nestle Business Solutions (NBS) has announced the establishment of a Global Capability Centre (GCC) in Hyderabad in partnership with Genpact. The new centre will support Nestle's global operations by leveraging artificial intelligence, automation, data analytics and digital technologies. It will operate under Nestle Business Services India Private Limited and strengthen the company's global business support capabilities. The initiative also reinforces Hyderabad's position as a preferred destination for multinational companies establishing Global Capability Centres in India.Read more

Chennai News Desk

09 Jul 2026

• Real estate developers have urged the Tamil Nadu government to review planning restrictions imposed around the Pallikaranai Marsh after its designation as a Ramsar wetland.
• CREDAI Chennai has called for a scientific delineation of the marsh's influence zone, arguing that the current planning freeze has affected over one lakh patta landowners and stalled development across parts of South Chennai.
• The industry body estimates the restrictions could delay economic activity worth around INR 72,000 crore while impacting housing, infrastructure and employment.
• It has sought a balanced approach that protects the ecologically sensitive wetland without unnecessarily restricting legally owned private land.Read more

09 Jul 2026

Speciality Restaurants Limited has expanded its hospitality portfolio with the launch of Gong, a premium Pan Asian restaurant in Mumbai's Bandra. The new outlet marks the company's focus on modern, experience-driven dining concepts designed to appeal to evolving consumer preferences. Gong combines progressive Asian cuisine, contemporary interiors and premium hospitality while introducing a scalable restaurant format with higher average spending potential and operational efficiency. The launch also reflects the company's broader strategy of strengthening its presence across premium dining segments while building future-ready hospitality brands alongside its established restaurant portfolio.Read more

09 Jul 2026

Eastnine AB has signed an agreement with Belgian developer Ghelamco to acquire The Bridge, a 40-storey office tower in Warsaw, at an underlying property value of EUR 300 million. The preliminary purchase price is about EUR 260 million, with the transaction expected to close in the fourth quarter of 2026, subject to financing and customary conditions. The acquisition will make Warsaw Eastnine’s largest market and is expected to increase its profit from property management per share by 20% once all tenants have occupied their premises.Read more

09 Jul 2026

• DTDC Express has commissioned Bharat One, a new integrated logistics hub in Rathiwas, Haryana, to strengthen freight movement and improve network efficiency across North India.
• The facility has been designed with advanced automation and can process up to 2,500 tonnes of shipments daily, enabling faster sorting, consolidation and distribution.
• Strategically located near key industrial and consumption centres, the hub is expected to improve connectivity across northern and western markets while supporting growing demand from e-commerce, manufacturing and retail sectors.
• The project forms part of DTDC's long-term infrastructure expansion strategy aimed at building a technology-driven and future-ready logistics network across India.Read more

09 Jul 2026

The Maharashtra government has reduced the stamp duty on the registration of 99-year lease agreements for cooperative housing societies on government land in Mumbai, lowering the rate to a maximum of 0.5% for residential properties and 1.5% for commercial properties. Revenue Minister Chandrashekhar Bawankule announced the decision in the state legislature in the past week, stating that it would provide financial relief to thousands of cooperative housing societies that had been unable to register lease agreements because of high stamp duty costs and procedural delays. The revised policy will apply uniformly across Mumbai city and suburban areas. The government has also waived the transfer premium for flats in the Bandra Kurla Complex (BKC) Reclamation area for transfers executed before 2015, benefiting around 1,500 flat owners across 91 properties.Read more

09 Jul 2026

The Central Bureau of Investigation (CBI) has filed two chargesheets in separate cases involving alleged fraud against homebuyers in Bengaluru, naming Ithaca Estate Pvt Ltd, LGCL Urban Homes (India) LLP, their directors and officials of HDFC Bank Ltd and Indiabulls Housing Finance Ltd. The chargesheets, filed before designated CBI courts in Bengaluru in the past week, allege that the accused conspired to induce homebuyers and investors through false assurances and fraudulent representations, resulting in wrongful financial gains. The agency said the cases form part of a wider Supreme Court-monitored investigation into alleged irregularities involving 34 builder companies and unidentified officials of financial institutions across the country. The CBI has so far filed 13 chargesheets in connection with these ongoing investigations.Read more

09 Jul 2026

HBR Realty has proposed acquiring up to 100% of Helbor's shares through a share-swap transaction that could result in the homebuilder being delisted from Brazil's stock exchange. Under the proposal, Helbor shareholders would receive 0.82 HBR Realty shares for each Helbor share, valuing the offer at 2.52 Brazilian reais per share, above Helbor's latest closing price. The companies believe the merger would generate operational and financial synergies, enhance market liquidity and create a stronger, more diversified real estate business, subject to approval from minority shareholders.Read more

09 Jul 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth about INR 112.9 crore, including a residential property in Texas, United States, in connection with an alleged INR 376 crore bank loan fraud case.
• The money laundering investigation pertains to Noida-based LEEL Electricals Limited and its promoters, who are accused of diverting bank funds through manipulated financial records and overseas entities.
• The attached assets include residential, commercial and industrial properties across multiple Indian states as well as the overseas property.
• The action has been taken under the Prevention of Money Laundering Act (PMLA) as the probe into the alleged diversion of loan proceeds continues.Read more

Mumbai News Desk

09 Jul 2026

• A member of the family of the founder of healthcare technology firm eClinicalWorks has purchased a luxury apartment in Mumbai's Worli for around INR 211 crore, making it one of the city's biggest residential transactions this year.
• The apartment is located in the premium Naman Xana residential tower and was acquired at an estimated rate of INR 2.5 lakh per sq ft, among the highest ever recorded in India's residential real estate market.
• The transaction includes multiple car parking spaces and reflects sustained demand for ultra-luxury homes in Mumbai's prime waterfront locations.
• The deal underscores the continued appetite among high-net-worth individuals for trophy residential assets despite rising property prices in the luxury segment.Read more

Mumbai News Desk

09 Jul 2026

• Real estate developers headquartered in South India are accelerating their expansion into Mumbai, attracted by sustained housing demand, redevelopment opportunities and the city's premium property market.
• Several established players from Bengaluru, Hyderabad and Chennai have secured redevelopment projects and land parcels across the Mumbai Metropolitan Region in recent months.
• Industry experts say the shift reflects developers' efforts to diversify geographically while capitalising on Mumbai's resilient residential market.
• Strong home sales, limited land availability and a growing pipeline of redevelopment projects continue to position Mumbai as one of India's most attractive real estate destinations.Read more

09 Jul 2026

• Union Housing and Urban Affairs Minister Shri Manohar Lal Khattar distributed sanction letters to 31 beneficiaries under Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0) in Karnal, reaffirming the government's commitment to providing permanent housing to eligible urban families.
• The event highlighted the Centre's ongoing push to expand affordable housing through the beneficiary-led construction component of the scheme.
• Khattar said the initiative aims to ensure that every eligible household has access to a pucca home with basic civic amenities.
• The distribution comes as PMAY-U 2.0 continues to scale up housing approvals across states to support the government's 'Housing for All' vision.Read more

09 Jul 2026

Uttarakhand's temple towns remain central to the state's religious, cultural and tourism identity. Home to revered shrines, ancient monasteries and sacred riverfronts, these destinations continue to attract pilgrims throughout the year while preserving centuries-old traditions. During FY2025-26, the state government advanced pilgrimage infrastructure through road upgrades, ropeway projects, riverfront improvements and heritage conservation initiatives. Together, these temple towns showcase how faith, history and modern infrastructure continue to coexist across Uttarakhand's Himalayan landscape.Read more

09 Jul 2026

• UAE-based developer Arada has launched Arada Capital, a dedicated fund management platform targeting USD 5 billion in assets under management (AUM) within the next four years.
• The platform will initially offer institutional and qualified investors access to real estate investment opportunities across Arada's existing developments and strategic partnerships, with expansion planned across the UAE, Saudi Arabia and other Middle Eastern markets.
• Over time, Arada Capital will diversify beyond real estate into infrastructure and broader private market investment strategies, broadening its investment portfolio.
• The platform will operate from the Abu Dhabi Global Market (ADGM), subject to final regulatory approvals, and will be led by Moustafa Fahour, former executive at Plenary, UBS and Citigroup, as CEO and Managing Director.Read more

09 Jul 2026

• The Nashik Municipal Corporation (NMC) has officially scrapped the proposed greenfield township project at Makhmalabad, ending a long-running plan that faced sustained opposition from farmers and landowners.
• The proposed 753-acre township was conceived under the Smart City initiative to support the city's future expansion through planned infrastructure development.
• The project remained stalled due to legal challenges, public resistance and administrative delays before being formally withdrawn.
• The decision removes uncertainty for affected landowners and allows the civic body to focus on alternative urban development priorities.Read more

09 Jul 2026

The Jaipur Development Authority (JDA) has started the process of acquiring land in Jagatpura to develop a key road link connecting Mahal Road with nearby residential and commercial areas. The proposed project aims to improve traffic movement, enhance connectivity, and support planned urban expansion in the city’s southeastern corridor. Landowners have been issued notices as part of the acquisition process. Once completed, the road is expected to reduce congestion and provide better access to rapidly developing neighbourhoods.Read more

09 Jul 2026

The proposed INR 1,618 crore Bhopal–Vidisha four-lane highway project has remained stalled for more than eight months, despite receiving clearance from the State Level Empowered Committee (SLEC), as it continues to await approval from the Madhya Pradesh Cabinet. The 45-km project aims to widen State Highway-18, improving connectivity between Bhopal, Vidisha and the UNESCO World Heritage Site of Sanchi, while reducing travel time and easing congestion. The prolonged delay has affected commuters, tourism and regional development, with road users continuing to rely on longer alternative routes.Read more

09 Jul 2026

• Confidence among lenders financing Germany's commercial real estate sector fell sharply in the second quarter of 2026, with BF.direkt's financing barometer dropping to -25.97 from -9.74 in the previous quarter.
• The decline has been largely attributed to the Iran conflict, which triggered higher energy prices, renewed inflationary pressures and growing expectations of further interest rate increases.
• More than 46% of survey respondents reported that financing conditions had deteriorated, reflecting weaker appetite among lenders to fund commercial real estate projects.
• The findings highlight the continued vulnerability of Germany's property market, which has been struggling to recover since the steep rise in interest rates in 2022, despite signs of gradual stabilisation in commercial property prices.Read more

09 Jul 2026

• The Kerala government and the Adani Group are working to resolve differences over the proposed sale of a 49% stake in Adani Vizhinjam Port Private Limited to MSC Group's Terminal Investment Limited (TiL).
• The state government has maintained that its prior approval is mandatory under the concession agreement before any change in shareholding can take effect.
• Adani has since approached the state seeking formal approval while clarifying that the proposed transaction does not alter the ownership of the port or its concession rights.
• Both sides are now engaged in discussions aimed at ensuring the investment proceeds within the framework of the concession agreement.Read more

Gurugram News Desk

09 Jul 2026

• Authorities have begun enforcement against unauthorised constructions within the eco-sensitive zone (ESZ) of Sultanpur National Park, issuing the first round of notices to alleged violators after a joint field inspection.
• Joint teams from the forest, wildlife, town planning, pollution control and public health departments verified residential, commercial and farmhouse properties to assess compliance with environmental regulations.
• Officials have indicated that demolition action will initially target under-construction buildings, while legal proceedings against completed structures will continue in accordance with applicable regulations.
• The drive forms part of a broader effort to curb encroachments and protect the ecological integrity of the Ramsar-designated wetland and its surrounding buffer zone.Read more

09 Jul 2026

The Tiruchirappalli Corporation's IBT link road project, designed to connect the Panjapur Integrated Bus Terminus with key state and national highways, is expected to be completed only by early 2028. Delays in land acquisition, pending railway approvals and the absence of administrative sanction for the final phase have slowed construction. While work is progressing on the first two phases, officials are addressing project bottlenecks to improve connectivity and support traffic movement around the city's new transport hub.Read more

09 Jul 2026

Property intelligence platform Landeed plans to invest around INR 30 crore during FY27 to strengthen its artificial intelligence capabilities, expand state-level coverage and enhance its property intelligence platform. The real estate technology startup will invest in graphics processing unit (GPU) infrastructure, specialised language models, Indic optical character recognition (OCR), document intelligence and customer acquisition. Backed by investors including Y Combinator, Draper Associates and Bayhouse Capital, the company recently launched Terra, an AI-powered platform built on more than 773 million land and property records across 26 states and four Union Territories to support property due diligence and decision-making for banks, developers, legal professionals and other stakeholders.Read more

09 Jul 2026

• A Mumbai sessions court has discharged Jolly Maker-I Premises Co-operative Housing Society and two former office-bearers in a criminal case arising from a 2012 fire at the society's Cuffe Parade high-rise.
• The court held that the prosecution did not comply with mandatory legal requirements before initiating proceedings under the Maharashtra Fire Prevention and Life Safety Measures Act, 2006.
• The case stemmed from allegations that non-functional firefighting systems delayed efforts to control the blaze.
• The ruling concludes a long-running prosecution that highlighted the importance of fire safety compliance in high-rise residential buildings.Read more

09 Jul 2026

Smartworks Coworking Spaces Ltd has acquired Singapore-based Workstudio Spaces Pte. Ltd as part of its international expansion strategy. The acquisition increases the Gurugram-based managed workspace operator's footprint in Singapore to four operational centres, spanning around 76,000 sq ft with a seating capacity of more than 1,500. The transaction also adds over 45 enterprise clients to its Singapore portfolio. Smartworks, which operates 66 centres across 15 cities in India and Singapore with a portfolio of 16.1 million sq ft, did not disclose the acquisition value. The expansion comes amid growing demand for managed flexible office spaces and follows the company's return to profitability in FY26.Read more

09 Jul 2026

The Haryana government has approved infrastructure and procurement proposals worth INR 340.84 crore following meetings of the High Powered Purchase Committee (HPPC) and High Powered Works Purchase Committee (HPWPC), chaired by Chief Minister Nayab Singh Saini. The approved projects include roads, sewage treatment plants, drainage systems, sewer networks and power infrastructure across Gurugram, Faridabad, Sonipat and Panchkula. Following negotiations with bidders, the government reduced the overall project cost from INR 355.95 crore, generating savings of approximately INR 15.11 crore. The approvals also include procurement of electrical equipment for state power utilities and laboratory infrastructure for the dairy sector.Read more

09 Jul 2026

• The Uttar Pradesh Cabinet has approved the renaming of Jalalabad town and its municipal body in Shahjahanpur district as Parshurampuri.
• The decision follows the Union government's no-objection approval granted in 2025 and formalises a proposal that had been pending for several years.
• The renaming is based on the town's religious and historical association with Lord Parshuram, whom many believe was born in the region.
• The move is the latest in a series of place-name changes undertaken by the Uttar Pradesh government to align locations with their cultural and historical identities.Read more

09 Jul 2026

Mumbai recorded more than 1,100 tree fall incidents during the first six days of July, exceeding the total reported across each of the previous three monsoon seasons. Civic officials attributed the unprecedented spike to gale-force winds reaching up to 78 kmph, driven by an active monsoon system. The incidents have disrupted road and rail transport, damaged residential and commercial properties, interrupted power supply in several areas and resulted in fatalities and injuries. The surge has intensified scrutiny of the city's urban infrastructure, tree management practices, emergency response systems and public safety preparedness during the monsoon.Read more

09 Jul 2026

• Tier-II cities are increasingly driving India's housing market, supported by infrastructure development, expanding service-sector employment and improving economic activity.
• Developers have maintained healthy inventory levels by moderating new project launches, reducing the risk of oversupply and sharp price corrections.
• Housing demand has diverged across cities, with some emerging as premium residential markets while others continue to be driven by affordable and mid-segment housing.
• The report highlights that infrastructure growth, affordability, developer quality and financing trends will shape the next phase of expansion in Tier-II residential markets.Read more

09 Jul 2026

• The UK construction sector remained in contraction in June 2026, with the S&P Global UK Construction PMI improving marginally to 38.4 from 38.2 in May, indicating a slightly slower pace of decline.
• Commercial construction showed signs of stabilisation and new orders rose to a three-month high, boosting optimism that market conditions could improve in the coming months.
• Housebuilding recorded its steepest decline of 2026, while civil engineering activity fell to its sharpest contraction since April 2020, driven by delayed infrastructure projects and fewer public-sector tenders.
• Despite 18 consecutive months of employment declines, the sector benefited from easing input cost inflation and improved subcontractor availability, offering some relief to construction firms amid challenging market conditions.Read more

09 Jul 2026

The Ministry of Road Transport and Highways (MoRTH) has proposed new regulations to make cybersecurity and software update management systems mandatory for technologically advanced vehicles, aiming to strengthen protection against cyberattacks as automobiles become increasingly software-driven. The draft rules, aligned with the AIS-189 standard, will be implemented in phases beginning with Level-3 and above automated vehicles from October 2026, before expanding to OTA-enabled and other software-equipped vehicles by 2029. The proposal seeks to align India's automotive cybersecurity framework with global best practices while inviting stakeholder feedback before final implementation.Read more

09 Jul 2026

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) has approved an annual work plan and budget of INR 251 crore for FY27, with a strong focus on housing, infrastructure and future land acquisition. The budget includes an allocation of INR 52 crore for procuring land to support upcoming urban development projects across the state. The approvals were made during the authority's 59th board meeting chaired by Housing and Town and Country Planning Minister Rajesh Dharmani. The board also cleared a one-time settlement policy for a housing colony in Una district, approved amendments to contractor enlistment rules and reviewed HIMUDA's financial performance, which exceeded its turnover target in FY26.Read more

Ahmedabad News Desk

09 Jul 2026

• The Ahmedabad Municipal Corporation (AMC) has identified nearly 220 recently rebuilt roads as vulnerable to cave-ins following multiple road collapses during the ongoing monsoon, raising concerns over the quality of restoration work after underground utility projects.
• The issue gained attention after a 20-foot-deep cave-in on a newly reconstructed RCC road in Satellite, where a parked car fell into the excavation pit, prompting the civic body to inspect road stretches restored after pipeline, drainage, electricity and telecom utility works.
• AMC has launched inspections and directed agencies to strengthen restoration practices and improve coordination during utility works, while experts have called for stricter quality control, proper trench compaction and enhanced monitoring to ensure road safety and prevent similar incidents during the monsoon.Read more

09 Jul 2026

• The Delhi High Court has sought the Centre's response to petitions filed by members and the staff welfare association of the Delhi Gymkhana Club challenging the eviction proceedings initiated against the institution.
• The court also asked the Union government to ensure that the hearing before the Estate Officer is deferred until after the High Court takes up the matter later this month.
• The dispute stems from the Centre's move to reclaim the club's 27.3-acre property after terminating its perpetual lease, citing public purpose and defence infrastructure requirements.
• The case now shifts to judicial scrutiny as both sides prepare to present their arguments on the legality of the eviction process.Read more

09 Jul 2026

Hexaware Technologies has entered into a strategic partnership with US-based rental housing technology provider SmartRent Inc. to implement AI-led customer support, revenue management and sales process automation. The collaboration will focus on three areas: AI-enabled customer experience, an intelligent bill-to-cash platform and deployment of Salesforce Revenue Cloud Advanced. According to the companies, the initiative is intended to improve customer support, streamline revenue operations and enhance sales efficiency through automation and AI-powered workflows. The partnership reflects the growing adoption of artificial intelligence and cloud technologies within the rental housing technology sector to improve operational performance and customer engagement.Read more