4 minutes ago

Union Finance Minister Nirmala Sitharaman has called on multilateral institutions to help attract private investment into infrastructure projects across BRICS economies, citing common structural constraints in mobilising capital at scale. Speaking at a seminar in Jaipur on the role of the New Development Bank in mobilising private capital, she said investment depended not only on the availability of funds but also on predictable policies, investor confidence and credible long-term frameworks. India, which holds the BRICS presidency in 2026, is seeking greater private participation alongside public infrastructure spending. The Finance Ministry has created a three-year pipeline of infrastructure projects estimated at more than INR 17 lakh crore for development through public-private partnerships. The National Infrastructure Pipeline, launched in 2019, covered 13,000 projects worth an estimated INR 185 lakh crore as of March 2025.Read more

34 minutes ago

The Centre has approved a fourth railway line through the strategically important Chicken’s Neck, or Siliguri Corridor, in north Bengal, strengthening rail capacity on the key route connecting the Northeast with the rest of India. The Malda-New Jalpaiguri section is a crucial link for both passenger and freight movement, while a nearly 29-km double-line underground project between Tinmai Ghat and Bagdogra is also being taken forward. Other works include doubling in the Barsoi section, redevelopment of New Jalpaiguri station and new local train services for border and remote areas.Read more

Chennai News Desk

1 hour ago

Chennai-based residential developer DRA has started presence-less property registration and e-sale deed services for its customers under Tamil Nadu’s STAR 2.0 digital registration framework. The company has established dedicated infrastructure and digital compliance systems at its head office to enable customers to complete registrations remotely without visiting Sub-Registrar Offices. DRA said the system offers greater flexibility, including registrations on weekends, public holidays and auspicious days. The developer is the first CREDAI Tamil Nadu member to adopt the framework and has been working with the Inspector General of Registration’s office and TCS to improve the process based on customer experience.Read more

1 hour ago

The proposed 72.44-kilometre Ghaziabad-Jewar corridor will have 11 Namo Bharat stations and 18 metro stations, according to the National Capital Region Transport Corporation (NCRTC). The corridor will connect Ghaziabad with Greater Noida, the Yamuna Expressway region and Noida International Airport at Jewar. Planned for a maximum operational speed of 180 kmph, the corridor is expected to bring travel time between Ghaziabad, Noida and the airport down to around 40-50 minutes. The project is currently at the Detailed Project Report stage, with most of the alignment planned to be elevated.Read more

2 hours ago

EFC (I) Limited, a listed Real Estate as a Service company, has entered into a Share Acquisition Agreement to acquire 100 per cent equity shareholding in Ultrafresh Modular Solutions Limited, a 51 per cent subsidiary of TTK Prestige Limited, subject to fulfilment of conditions precedent. Ultrafresh, which has a 25-year presence in India's modular solutions segment, manufactures modular kitchens, wardrobes and customised furniture through an integrated design, manufacturing, supply and installation model, operating out of a facility in Nalagarh, Himachal Pradesh. The acquisition is intended to strengthen EFC's furniture manufacturing and Design & Build businesses with an established North India production base.Read more

2 hours ago

Essar group IT company Black Box Ltd has secured a USD 131 million (about INR 1,240 crore) order from a new US-based global Tier-1 hyperscaler for a major data centre project in the United States. The company disclosed the order in a regulatory filing on Wednesday, but did not identify the client. Under the engagement, Black Box will undertake project-related work at a key location in the US over an approximately three-year period. The company also indicated that the engagement is expected to expand further over time. The order adds to Black Box’s business with hyperscale data centre operators and forms part of its efforts to increase its presence in this segment. Chief executive Sanjeev Verma described the contract as an important step in the company’s hyperscaler growth journey.Read more

3 hours ago

The Supreme Court has asked all states and Union territories to consider a representation seeking policies governing the regularisation and demolition of long-standing unauthorised constructions. The direction came while the court declined to entertain a public interest litigation seeking a uniform framework to protect unauthorised dwelling units occupied by economically vulnerable people. A bench headed by Chief Justice Surya Kant said conditions and ground realities vary across states, making a single framework impractical. The court instead said the issues raised could be considered by competent authorities while framing new policies or reviewing existing ones. The petition highlighted differing approaches to unauthorised colonies, including cases involving demolition without adequate notice or rehabilitation, while the court reiterated existing safeguards governing demolition proceedings.Read more

3 hours ago

Mumbai’s Santacruz-Chembur Link Road (SCLR) network has been fully opened, strengthening east-west connectivity between the city’s western and eastern suburbs. The completed network is expected to reduce travel times for commuters by up to 35 minutes on key routes and improve access to major arterial roads. The development was inaugurated along with the Chembur Metro station, while work on other major transport projects also advanced. The expanded road network is expected to ease pressure on congested corridors and improve connectivity towards Chembur, BKC and surrounding suburban areas.Read more

4 hours ago

NoBroker and Sumadhura Group are set to host a two-day property expo in Bengaluru, bringing more than 10 Sumadhura projects together at one venue. The event, scheduled for August 15 and 16 at Sheraton Grand Bengaluru Whitefield Hotel & Convention Centre, will allow homebuyers to compare projects, configurations, locations, pricing and payment options directly with the developer. A new Sumadhura project is also expected to be launched exclusively at the expo, with visitors getting early access to project details. Buyers booking during the event can avail of an INR 1 lakh voucher along with other event-specific offers.Read more

4 hours ago

The Assam Cabinet has approved administrative sanction for INR 2,100 crore towards the first phase of land acquisition and development of the proposed Aerotropolis Satellite City near Guwahati airport. Chief Minister Himanta Biswa Sarma said the total land acquisition requirement for the project is estimated at around INR 4,000 crore, with discussions with landowners already underway. The satellite city is planned as a major urban development project around the airport and is expected to support the expansion of Guwahati’s urban infrastructure and economic activity. The Cabinet’s decision provides funding for the initial stage of land acquisition and development. The state government also approved a draft lease deed between Assam Industrial Development Corporation Ltd and Indian Hotels Company Ltd for a Taj Gateway Hotel at Jagiroad, which is expected to serve the ecosystem developing around Tata’s upcoming semiconductor facility.Read more

4 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) has started a series of village-level meetings as part of the preparation of Village Circulation Plans and Village Integration Plans under the Amaravati Master Plan. Meetings were held at Venkatapalem and Krishnayapalem to explain the proposed road network, its integration with existing village roads and future infrastructure requirements. Officials also sought feedback from residents and are conducting surveys to map existing roads and connectivity. The exercise is aimed at incorporating local requirements into village-level planning as Amaravati’s wider infrastructure development progresses.Read more

5 hours ago

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of awards worth approximately INR 3,526 crore across its domestic businesses. The latest contracts cover an engineering, procurement and construction (EPC) order for an industrial plant, power transmission and distribution (T&D) projects, and residential building orders. With these additions, KPIL’s year-to-date order intake for FY27 has crossed INR 11,000 crore. The company has continued to add orders across its infrastructure businesses, including T&D, buildings and factories, water, railways and urban infrastructure, supporting a diversified order pipeline.Read more

5 hours ago

Mumbai One, the common mobility application developed by the Mumbai Metropolitan Region Development Authority (MMRDA), has crossed 1 crore cumulative ticket transactions, with 1,04,11,824 tickets booked across public transport services in the Mumbai Metropolitan Region (MMR). Launched in October 2025, the platform has recorded 8,16,402 downloads in about 10 months, with Android users accounting for 74% and iOS users for 26%. Metro services have generated the largest share of transactions, followed by suburban railway and municipal bus services. The platform currently connects 11 public transport operators and services through a single digital ticketing interface.Read more

5 hours ago

The Board of Directors of Awfis Space Solutions Limited, at a meeting held on 13 August 2026, approved the company's unaudited financial results for the quarter ended 30 June 2026, reporting consolidated revenue from operations of INR 424.92 crore, up from INR 334.70 crore in the corresponding quarter last year. Consolidated profit for the period rose to INR 23.96 crore, from INR 9.98 crore a year earlier. The Board also approved the re-appointment of Protiviti India Members Private Limited as internal auditors for FY27 and the appointment of Abhishek Poddar as a Non-Executive Independent Director for a five-year term.Read more

6 hours ago

The 645-km stretch of National Highway 66 passing through Kerala is scheduled for completion by May 2028, Union Minister for Road Transport and Highways Nitin Gadkari said. The project includes highway works across the state, with the core roadway component targeted for completion by April 2027 and elevated corridors expected to be completed by May 2028. The timeline provides a phased completion schedule for one of Kerala’s major national highway infrastructure projects. The National Highways Authority of India (NHAI) is responsible for implementing the works, which form part of the broader development and upgrading of NH-66. The project is significant for Kerala’s road infrastructure, given the highway’s role as a major north-south transport corridor connecting key parts of the state.Read more

6 hours ago

The Greater Chennai Corporation (GCC) has suspended its revised property tax assessments for properties identified as under-assessed, following complaints from residents over higher-than-expected tax demands. The decision, announced on Thursday, restores the tax payable for affected properties to the amount applicable before the revision. The exercise was undertaken to correct assessments where property details did not match the corporation’s records. Taxpayers who have already paid the revised amount will not receive an immediate refund; instead, the excess payment will be adjusted against their property tax dues for subsequent half-years.Read more

6 hours ago

The Ministry of Road Transport and Highways has revised key provisions in its standard bidding and concession documents for Build-Operate-Transfer (BOT) national highway projects to make the sector more attractive to private investors. The changes include wider eligibility for fund houses, clearer provisions on ownership changes, traffic targets, damages and force majeure, and termination compensation before commercial operations. The government has also streamlined debt-due calculations and changed the dispute-resolution framework, with smaller disputes going to arbitration and larger claims being handled through conciliation or mediation.Read more

7 hours ago

Traffic movement around Juhu Circle and adjoining parts of Andheri West was disrupted after a crane deployed for Mumbai Metro Line 2B construction developed a technical problem. The breakdown affected a busy road junction and resulted in congestion for commuters travelling through the area. The incident occurred amid ongoing elevated metro construction, where heavy equipment is being used along existing road corridors. The disruption highlights the traffic-management challenges involved in executing large transport projects in densely developed parts of Mumbai, where construction activity and everyday road movement have to operate alongside each other.Read more

7 hours ago

Aditya Birla Real Estate reported a consolidated net loss of INR 34.59 crore for the quarter ended June 30, 2026, widening 27.7% from INR 27.08 crore in the year-ago period. Consolidated total income, however, rose 30.7% year-on-year to INR 205.72 crore. The company’s real estate arm, Birla Estates, recorded segment revenue of INR 171.99 crore, compared with INR 130.26 crore a year earlier. During the quarter, Birla Estates also entered the Navi Mumbai redevelopment market through a Vashi project, while the company continued its transition towards a predominantly real estate-focused business.Read more

7 hours ago

Maharashtra Chief Minister Shri Devendra Fadnavis inaugurated a set of infrastructure projects aimed at improving road and public transport connectivity across Mumbai and the Mumbai Metropolitan Region. The projects include the final BKC-Vakola arm of the Santacruz-Chembur Link Road Phase-2, Chembur Metro station on Metro Line 2B and the second tunnel boring machine for the Thane-Borivali twin-tunnel road project. The state government also highlighted the planned procurement of 238 air-conditioned suburban train rakes and the expansion of Mumbai’s Metro network as part of efforts to improve mobility and support the city’s growing passenger demand.Read more

8 hours ago

The Bihar government has removed restrictions on the sale, purchase and transfer of land across the Pataliputra Greenfield Satellite Township in Patna following notification of the township’s draft development plan. The decision, announced this week by urban development and housing minister Nitish Mishra, applies to the entire notified township, including its core area. The department has informed the Patna collector-cum-district registrar, clearing the way for transactions under applicable rules. The move follows withdrawal of earlier restrictions imposed in the designated special area and provides landowners greater certainty over property transactions.Read more

8 hours ago

UCO Bank has launched its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, Gandhinagar, expanding its international banking operations and access to cross-border financial services. The unit will provide trade finance, external commercial borrowings, foreign currency loans, loan syndication, treasury services and other permitted services. It will serve Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers. UCO Bank is also offering a 6.50 per cent interest rate on FCNR(B) deposits through the unit. The move builds on the bank’s international banking presence in Singapore and Hong Kong.Read more

8 hours ago

The Centre has cleared the first phase of a highway expansion project in Tumakuru district that will create a 52-km four-lane corridor linking Sira, Badavanahalli and Bairenahalli in central Karnataka. The 20.2-km Sira–Badavanahalli section of NH-69 is expected to enter construction shortly after the National Highways Authority of India completed tendering. The remaining 32-km Badavanahalli–Bairenahalli section, estimated to cost around INR 1,000 crore, is in the final stages of approval. Together, the two projects are estimated to cost INR 1,585 crore, with the Centre bearing the full cost, including land acquisition. The upgraded corridor is expected to strengthen road links with Bengaluru, Tirupati and Chennai, improve access to industrial areas in Tumakuru and facilitate freight movement towards manufacturing hubs and Chennai port.Read more

9 hours ago

GB Realty plans to invest more than INR 5,000 crore over the next three years as it expands its luxury residential business across North India. The developer is looking to strengthen its presence in the high-end housing segment while entering additional real estate categories and markets. The expansion will build on the company’s existing presence in the Chandigarh Capital Region and is expected to include luxury and ultra-luxury developments. The investment plan comes as developers increasingly expand beyond established markets to capture demand for premium housing in emerging North Indian locations.Read more

9 hours ago

UK-based property services firm Savills reported a 47% increase in underlying pretax profit for the first half of 2026, supported by a strong improvement in its North American business and higher transactional activity. Underlying pretax profit rose to GBP 34.3 million, while the North American unit moved into profit after reporting a loss a year earlier. The company also completed its acquisition of US real estate investment bank Eastdil Secured for about USD 1.1 billion. However, Savills said geopolitical and economic uncertainty continued to affect investor sentiment and make transaction timelines difficult to predict.Read more

9 hours ago

Across India, a growing number of homeowners have chosen restoration over redevelopment, breathing new life into abandoned havelis that once stood on the brink of collapse. From the narrow lanes of Old Delhi to the heritage precincts of Ahmedabad, the villages of Punjab and the Portuguese-era estates of Goa, these privately led conservation efforts have preserved architectural traditions while creating distinctive family homes. Their stories demonstrate how historic residences can remain relevant through careful restoration, ensuring that centuries-old craftsmanship and cultural heritage continue to survive in modern India.Read more

10 hours ago

New Zealand’s housing market remained subdued in July, with house prices edging lower and sales activity weakening as buyers continued to take a cautious approach. Seasonally adjusted median house prices fell 0.5% from the previous month and were 0.6% lower than a year earlier, according to data from the Real Estate Institute of New Zealand (REINZ). National home sales volumes declined 10% year-on-year, while the latest REINZ data also showed that properties were taking longer to sell. The figures point to limited momentum in the residential property market despite prices remaining relatively stable.Read more

10 hours ago

Maharashtra Navnirman Sena chief Raj Thackeray met Maharashtra Chief Minister Devendra Fadnavis amid concerns over infrastructure and the condition of roads in the state. The meeting comes as road quality and broader infrastructure issues remain significant concerns in Mumbai and other parts of Maharashtra. The discussions focused on civic and infrastructure-related matters, with road conditions forming an important part of the concerns raised. The meeting brings attention to the need for improvements in road infrastructure and the implementation of measures to address persistent problems affecting commuters and residents.Read more

Bangalore News Desk

10 hours ago

FM has leased around 220,000 sq ft of office space at Bhartiya Centre in Bengaluru, adding to the city’s continuing demand for large-format commercial workplaces. The transaction involves office space in the Bhartiya City development, one of Bengaluru’s integrated mixed-use developments. The lease highlights the sustained requirement for sizable Grade A office premises from occupiers in the city. The deal also adds to leasing activity in northern Bengaluru, where large commercial developments have attracted companies seeking modern office infrastructure and connectivity to established residential and business districts.Read more

11 hours ago

The Madhya Pradesh government has approved a INR 1,757-crore road project to develop the Bhopal-Vidisha corridor as a four-lane highway. The project is aimed at strengthening connectivity between the state capital and Vidisha while improving traffic movement along the route. As part of the wider road upgrade, the Bhopal bypass is also proposed to be expanded to six lanes. The project is expected to improve capacity on the corridor, ease congestion and support movement between Bhopal, Vidisha and surrounding areas.Read more

11 hours ago

The Supreme Court has asked states to consider putting in place a policy framework for dealing with illegal and unauthorised structures, in a move that could encourage more uniform action by local authorities. The observation comes amid continuing concerns over unauthorised construction and encroachments across urban areas. A structured approach could help authorities establish clearer procedures for identifying violations and taking enforcement action. At the same time, any such framework would have to operate within the applicable legal and procedural safeguards governing demolition and protection of property rights.Read more

12 hours ago

Chandigarh's Estate Office has auto-mutated 1,829 properties in the year since the digital auto-mutation system was launched on 7 July 2025, with 1,800 of these cases resolved within the mandated seven-day window. The system, which digitally links the Sub-Registrar's Office with the Estate Office, automatically initiates and completes mutation of ownership records following registration of a property deed, eliminating the need for buyers to file a separate application. The initiative applies to both freehold and leasehold immovable properties falling under the Estate Office's jurisdiction and was introduced with the aim of ensuring timely, transparent and citizen-friendly delivery of property transfer services.Read more

12 hours ago

Indian Hotels Company Ltd (IHCL), which owns the Taj brand, has received an additional penalty claim of INR 5.51 crore from the Brihanmumbai Municipal Corporation (BMC) over outstanding property taxes for Taj Lands End in Mumbai. The latest claim has taken the total penalty demanded by the civic body to more than INR 103.08 crore. IHCL has disputed the penalty, stating that there have been no violations and that its property tax payments were made in accordance with court orders. The latest claim is reflected in the property tax bill for 2026-27.Read more

13 hours ago

The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise USD 3-4 billion through external commercial borrowings as it looks to expand its funding capacity for infrastructure projects. The institution has already tied up USD 850 million and is considering a USD 500 million to USD 1 billion bond issue with a likely tenure of about 10 years. NaBFID Managing Director Rajkiran Rai G also said India needs to nearly double its annual infrastructure investment to around INR 40 lakh crore to support its long-term growth ambitions and move towards a USD 30 trillion economy.Read more

13 hours ago

Kolte-Patil Developers reported a net profit of INR 146.66 crore for the first quarter of financial year 2026-27, according to its regulatory filing. The Pune-based real estate developer disclosed its quarterly financial performance for the period ended June 30, 2026. The results provide an update on the company’s performance at the start of FY27 and come amid continued activity in India’s residential real estate market. The company’s quarterly numbers cover its financial performance and operating results for the three-month period.Read more

14 hours ago

Mumbai’s transport network is set for another connectivity boost with the progress of Metro Line 2B and the Santa Cruz-Chembur Link Road (SCLR) strengthening links between the city’s eastern and western corridors. Metro 2B’s extension towards Chembur is expected to improve connections with existing metro, suburban rail and monorail networks, while the SCLR provides an important road link towards the Bandra-Kurla Complex and eastern suburbs. Together, the projects are expected to improve travel options, reduce pressure on key road corridors and support smoother movement across densely populated parts of Mumbai.Read more

14 hours ago

Bagmane Prime Office REIT reported a 16% year-on-year increase in net operating income (NOI) to INR 660.5 crore for the quarter ended June 2026. The performance reflects the operational income generated by its office portfolio during the first quarter of FY27. The REIT’s latest financial results provide an update on its performance as India’s commercial real estate market continues to see demand for institutional-grade office space. The quarter’s results highlight the income-generating performance of Bagmane Prime Office REIT’s portfolio during the opening quarter of the financial year.Read more

15 hours ago

The reconstruction of Pune’s Sadhu Vaswani Bridge is expected to be completed by December 2026, with work progressing on the replacement structure after the old bridge was dismantled. The project is aimed at restoring an important road link in the central part of the city and improving traffic movement across the railway corridor. The revised completion target will depend on the pace of construction and coordination among the agencies involved. Once opened, the reconstructed bridge is expected to provide improved connectivity for motorists and pedestrians using the busy corridor.Read more

15 hours ago

The Delhi Development Authority (DDA) has approved a policy granting redevelopment rights to old, built-up two-storey residential units on par with vacant plots, addressing a long-standing demand from residents of ageing housing schemes such as Naraina Vihar. The decision was taken at a meeting chaired by Delhi Lieutenant Governor and DDA Chairman Taranjit Singh Sandhu, which also approved the Master Plan for Delhi 2047 and a land-use change for a metro depot in Narela Sub-City. The Master Plan, previously being developed as MPD-2041, has now been renamed MPD-2047 to align with the central government's Viksit Bharat 2047 vision, and will be sent to the Ministry of Housing and Urban Affairs for final notification.Read more

16 hours ago

Enviro Infra Engineers Ltd reported a 6.47 per cent increase in consolidated profit after tax to INR 45.2 crore for the quarter ended June 30, 2026, compared with INR 42.5 crore in the corresponding period last year. Revenue from operations also increased sharply to INR 359.2 crore from INR 240.9 crore. The company said execution remained steady in its core water infrastructure business during the quarter, while it continued to expand its renewable energy platform covering solar, wind and Battery Energy Storage Systems. Its diversified order book remains focused on water infrastructure, renewable energy and battery storage.Read more

16 hours ago

Indiqube Spaces reported its highest-ever quarterly revenue of INR 428 crore in the first quarter of FY27, up 37 per cent year-on-year, while its net loss under Ind AS narrowed 35 per cent to INR 23.88 crore, from a loss of around INR 37 crore in the corresponding quarter last year. EBITDA rose 34 per cent to INR 87 crore, with margins holding steady at 20 per cent. The managed workspace operator's area under management grew 22 per cent year-on-year to 10.61 million square feet across 137 centres in 17 cities, with steady-state occupancy improving to 90 per cent.Read more

17 hours ago

Blackstone-backed Horizon Industrial Parks plans to double its warehousing portfolio to about 100 million sq ft over the next three to four years as it expands its presence in India’s industrial and logistics real estate market. The company is also preparing for a INR 2,600-crore initial public offering, with its IPO scheduled to open on August 17, 2026. The expansion strategy includes development of new industrial and logistics parks, acquisitions and continued investment across key Indian markets, as demand for organised Grade A warehousing grows.Read more

17 hours ago

NITI Aayog Member Rajiv Gauba said land supply and urban planning reforms are critical to expanding affordable housing in Indian cities, urging states and municipal authorities to unlock land and ease development norms. Addressing the National Conference on Affordable Housing Reforms in New Delhi, organised by the Ministry of Housing and Urban Affairs, Gauba said city master plans had constrained rather than expanded land availability for affordable housing. A joint NITI Aayog-MoHUA report proposes measures including reserving at least 10 per cent of residential land for affordable housing zones, raising permissible floor area ratio, and promoting transit-oriented development.Read more

18 hours ago

Brookfield India Real Estate Trust reported an 8% year-on-year increase in net operating income (NOI) to INR 756.6 crore for the quarter ended June 30, 2026, supported by higher operating lease rentals and steady leasing activity. The REIT recorded consolidated total income of INR 1,030.63 crore, while net profit after tax rose 67% to INR 221.33 crore. Committed occupancy improved to 93%, and gross leasing stood at 1.1 million sq ft during the quarter. Brookfield India REIT also approved a INR 1,700 crore acquisition of a 50% stake in a Grade A office asset at Mumbai’s Bandra-Kurla Complex.Read more

18 hours ago

Arkade Developers reported a 34% year-on-year decline in consolidated net profit to INR 19.07 crore for the first quarter of financial year 2026-27, according to its quarterly financial results. The Mumbai-based developer reported its performance for the quarter ended June 30, 2026. The results reflect the company’s financial performance during the opening quarter of FY27, against the backdrop of continued activity in Mumbai’s residential real estate market. The company’s quarterly disclosure covers its financial and operating performance for the reporting period.Read more

19 hours ago

Grasim Industries reported a 49% year-on-year increase in adjusted profit after tax to INR 2,153 crore for the quarter ended June 30, 2026, supported by stronger performance across its diversified businesses. Consolidated revenue rose 21% to INR 48,716 crore, while EBITDA increased 26% to INR 8,077 crore. Building Materials remained a key contributor, with revenue rising 21% to INR 28,835 crore. Birla Opus recorded 64% year-on-year revenue growth to INR 1,661 crore, while the cement business benefited from higher volumes.Read more

19 hours ago

India needs to significantly increase its infrastructure and manufacturing investments to sustain long-term economic growth and move towards its larger economic ambitions, according to Rajkiran Rai G, Managing Director of NaBFID. The country currently invests around INR 20 lakh crore in infrastructure each year, while the requirement could rise to about INR 40 lakh crore annually over the next two decades. Rai said higher manufacturing capital expenditure is also necessary as India works to strengthen its manufacturing base. He also pointed to the growing pool of long-term domestic savings as a potential source of funding for infrastructure and other long-duration assets.Read more

20 hours ago

The Ministry of Road Transport and Highways (MoRTH) has revised the Model Concession Agreement (MCA) for build-operate-transfer (BOT) national highway projects to make them more viable for private investors. The revised framework introduces a buyback option, revenue support for concessionaires and mechanisms to share traffic risks between the government and private developers. The changes follow recommendations of an inter-ministerial committee formed to examine challenges in BOT projects. The move comes as the government prepares a large pipeline of highway projects for award and seeks to bring more institutional and private capital into the sector.Read more

20 hours ago

The Ghaziabad Municipal Corporation is considering a proposal to reduce house tax on small shops measuring up to 120 square feet, cutting the rate from five times the residential rate to 1.5 times, which could bring the annual tax on such shops down from approximately INR 5,875 to INR 1,762. The relief is aimed at small traders running businesses such as tea stalls, dairy shops, bakeries, paan shops, salons and tailoring units. Alongside the proposed reduction, the civic body is offering a One-Time Settlement scheme for outstanding dues, running from 15 August to 15 December 2026, and is also examining whether MSME-registered traders can be taxed at residential rates.Read more

21 hours ago

Around 20 small-scale companies operating in the Chakan MIDC area near Pune have decided to shift their plants to Khandala MIDC in Maharashtra, citing prolonged traffic congestion, poor road conditions and inadequate infrastructure. Business owners said traffic jams lasting four to five hours are affecting employee attendance, production and finances despite repeated representations to authorities. The decision comes as the state government has again promised infrastructure improvements in Chakan. Officials have now directed departments to undertake road repairs, improve parking, remove encroachments and complete pending highway work, while longer-term road projects are also being planned.Read more