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Flipkart has announced expanded investments across Uttar Pradesh to strengthen logistics infrastructure, support micro, small and medium enterprises (MSMEs), promote agriculture-linked initiatives and improve market access for local businesses. Since entering the state in 2020, the e-commerce company has developed a network comprising fulfilment centres, grocery facilities and last-mile delivery hubs, creating direct and indirect employment opportunities. The company said more than 85,000 sellers from Uttar Pradesh are now active on its marketplace, while dedicated programmes for farmers, artisans, women entrepreneurs and small businesses continue to expand. The investments form part of Flipkart's broader strategy to enhance digital commerce, supply chain efficiency and inclusive economic growth across the state.Read more

Delhi News Desk

06 Aug 2026

The Delhi High Court has expressed concern over the deteriorating and uninhabitable condition of thousands of flats constructed under the Centre's Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme, intended for the rehabilitation of slum dwellers in the city. The court has been monitoring the matter for several years after taking cognisance of the non-allotment of a large number of these flats, originally built to house economically weaker section families. Of the approximately 52,000 flats sanctioned under the scheme across multiple locations, only a fraction have been allotted so far, with a significant number left vacant and in a dilapidated state for years due to delays between central and state authorities.Read more

06 Aug 2026

Restaurant Brands Asia, the master franchisee of Burger King in India, reported an improvement in its financial performance during the first quarter of FY27, with its consolidated loss narrowing to INR 33 crore and revenue from operations rising 17.9% year-on-year. The company also completed a major ownership transition, with Inspira Global acquiring a controlling 42% stake through a fresh capital infusion of INR 1,050 crore. The funding is expected to strengthen the company's balance sheet and support its expansion, digital investments, restaurant development and long-term growth strategy.Read more

06 Aug 2026

The Securities and Exchange Board of India (SEBI) has proposed allowing depository receipts to be issued against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposal aims to provide overseas investors with another avenue to invest in and trade Indian REITs and InvITs through foreign currency-denominated instruments. SEBI has suggested aligning the framework for these depository receipts with the existing rules applicable to equity depository receipts. The regulator has also invited public comments on the proposal until August 25, after which the framework may be finalised.Read more

06 Aug 2026

Navi Mumbai International Airport (NMIA) has started its dedicated international freighter operations with the launch of an IndiGo CarGo flight to Sharjah. The inaugural service handled around 20 tonnes of cargo, including general cargo, perishables and bonded transfer shipments from Mumbai and Ahmedabad. The development marks a key milestone in the airport's cargo operations and strengthens its role as an emerging logistics gateway for the Mumbai Metropolitan Region and western India. NMIA's integrated cargo infrastructure is designed to support domestic, international, express and transit cargo, along with specialised handling for multiple cargo categories.Read more

06 Aug 2026

The US Federal Reserve's latest Senior Loan Officer Survey showed that lending standards for commercial and industrial (C&I) loans remained largely unchanged during the second quarter, while demand increased among large and middle-market businesses. Demand from smaller firms remained stable. Banks reported mixed trends across household lending, with weaker demand for residential real estate loans and tighter standards for credit card lending. The findings come as the Federal Reserve continues to assess inflation, economic growth and labour market conditions while keeping interest rates unchanged at its latest policy meeting.Read more

06 Aug 2026

A new 600-passenger luxury cruise has been launched on the Narmada River at Ekta Nagar in Gujarat to strengthen tourism infrastructure around the Statue of Unity. Commercial operations will begin after the required statutory approvals and safety clearances are obtained. The new vessel has been introduced to meet rising tourist demand and will serve as both a sightseeing cruise and a venue for social, cultural and corporate events. It joins the existing 200-passenger cruise already operating in the area and is expected to further enhance visitor experiences at one of India's leading tourism destinations.Read more

06 Aug 2026

Juniper Green Energy's INR 1,800 crore initial public offering (IPO) witnessed strong investor interest, closing with an overall subscription of 7.97 times. The issue was largely driven by institutional investors, with the Qualified Institutional Buyers (QIB) portion attracting nearly 25 times subscription. Ahead of the public issue, the renewable energy company raised INR 539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund. The company plans to utilise the IPO proceeds primarily for debt repayment, investments in subsidiaries and general corporate purposes, while its shares are scheduled to list later this week.Read more

06 Aug 2026

The Pune Municipal Corporation (PMC) has initiated the process to revive the long-pending High Capacity Mass Transit Route (HCMTR) project by inviting bids to appoint consultants for technical work and land acquisition. The move comes after directions from the Maharashtra government to fast-track the project, which has been delayed for over a decade due to land acquisition, environmental clearances and changes in the city's transport network. The revised 43-km elevated corridor is expected to improve connectivity across Pune, with the civic body aiming to issue construction tenders by October after completing the preparatory work.Read more

06 Aug 2026

International Workplace Group (IWG) has strengthened its presence in India's flexible workspace market by opening four new Regus centres across Noida, Bengaluru and Hyderabad. The expansion adds over 3,180 sq m of premium workspace and forms part of the company's long-term strategy to scale its nationwide network through partnerships with property owners. IWG expects to grow its India portfolio to more than 325 centres over the next three to five years as demand for hybrid and flexible office solutions continues to rise.Read more

06 Aug 2026

China Railway Construction Corporation (CRCC) reported that the total value of newly signed contracts during the second quarter reached 520.3 billion yuan (USD 77.05 billion). The update reflects the company's continued order inflow across its engineering and infrastructure businesses. CRCC is one of China's largest state-owned construction companies with operations spanning railways, highways, bridges, tunnels, urban infrastructure and overseas projects. The latest contract value provides an indication of the company's business pipeline and future execution prospects as China continues to invest in transport and infrastructure development.Read more

Mumbai News Desk

06 Aug 2026

The Bombay High Court has granted permission for the felling of 847 mangrove trees to enable construction of a 132 KV transmission line linked to the Mumbai-Ahmedabad bullet train project. The plea was filed by the Maharashtra State Electricity Transmission Company Limited (MSETCL), seeking approval to divert 3.35 hectares of forest land, including 1.9656 hectares of mangrove forest, in Dahanu taluka, Palghar district. The transmission line, running 13.06 kilometres between the Dahanu sub-station and the proposed Amberserai traction sub-station, was found necessary ahead of the bullet train project's scheduled inauguration in October. The court noted the project's national importance while also raising concerns over the adequacy of compensatory afforestation carried out at a distant location.Read more

06 Aug 2026

Gateway Distriparks reported an 18 per cent year-on-year decline in its consolidated profit after tax for the first quarter of the current financial year, mainly due to the continued impact of the West Asia conflict, higher fuel prices and rising operating costs. While revenue remained almost unchanged, EBITDA also witnessed a marginal decline. The company said global uncertainties affected consumption and production during the quarter. Despite near-term challenges, Gateway Distriparks is moving ahead with capacity expansion through its Indore Inland Container Depot, the Ankleshwar Multi Modal Logistics Park and subsidiary Snowman Logistics.Read more

06 Aug 2026

MakeMyTrip reported an 8.6% year-on-year increase in adjusted operating profit for the quarter ended June, supported by strong growth in bookings and revenue despite external challenges affecting travel demand. Gross bookings rose nearly 20% in constant currency to around USD 2.9 billion, while revenue increased 16.1%. The company recorded healthy growth across its key business segments, including hotels, air ticketing and bus services. It also expressed confidence in India's long-term travel and tourism market, citing improving infrastructure and increasing travel demand.Read more

06 Aug 2026

CREDAI-MCHI will organise the 10th edition of its Design & Construction Conference on 19 August at the Jio World Convention Centre, Mumbai, marking a decade of its Procurement Wing. The event is expected to bring together more than 500 procurement heads, construction leaders, architects, consultants and senior real estate professionals, alongside over 50 construction and ancillary brands. The conference will feature product launches, technology demonstrations, business networking sessions and discussions on emerging construction trends. It will also recognise procurement professionals for their contribution to the sector and highlight the Procurement Wing's role in strengthening collaboration between developers and the construction supply chain over the past ten years.Read more

06 Aug 2026

The Maharashtra Housing and Area Development Authority (MHADA) is set to conduct the draw for its Mumbai Board Housing Lottery 2026 on August 6, offering 2,640 homes across various income categories. Ahead of the lottery, the authority has scheduled Oversight Committee meetings on August 5 and 6 to supervise the process and ensure transparency. The draw forms part of MHADA's annual affordable housing initiative, with successful applicants to be selected through a computerised lottery system.Read more

06 Aug 2026

Sri Lotus Developers and Realty has been appointed as the developer for a commercial-cum-retail redevelopment project in Mumbai's Juhu, with an estimated Gross Development Value (GDV) of INR 1,600 crore. The project will be undertaken through the company's subsidiary and involves the redevelopment of an established commercial shopping complex. The proposed development is expected to offer around 3.46 lakh square feet of carpet area. Construction is planned to begin in Q3 FY28, with completion targeted within three to four years from the commencement of work. The project further strengthens the company's redevelopment portfolio in Mumbai.Read more

Mumbai News Desk

06 Aug 2026

The Union Ministry of Defence has issued a fresh notification easing decades-old construction restrictions around the Signal Transmitting Station, known as the Wireless Centre, in Juhu, Mumbai. The notification, issued on 3 August 2026, withdraws the nearly 50-year-old SRO 150 and replaces it with SRO 33(E), cutting the restricted no-construction zone from 500 metres to 100 metres around the installation. The move is expected to benefit thousands of residents living in nearly 200 ageing buildings and dense slum clusters in the area, many of which are over 75 years old. Mumbai North West MP Ravindra Waikar had pursued the matter with the Centre and state government over several months.Read more

06 Aug 2026

Australia-based Maas Group has raised its annual earnings forecast after securing a major order worth AUD 855 million from AI infrastructure company Firmus. The deal, signed under an existing Master Services Agreement, involves supplying modular electrical infrastructure and has also prompted the company to increase its investment in Firmus. Maas will invest an additional AUD 300 million, taking its stake in the Nvidia-backed company to 3.2%. The company said the investment aligns with its long-term strategy of expanding its presence in digital infrastructure while strengthening future earnings.Read more

06 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has recorded 300 million passenger journeys across its operational Metro network, marking a major milestone in Mumbai's public transport system. The latest 50 million passenger journeys were achieved in just 179 days, the fastest since Metro operations began in 2022, reflecting steady growth in commuter adoption. The expansion of Metro Line 2B Phase 1 and Metro Line 9 Phase 1 has strengthened connectivity and supported rising ridership. The authority said the network continues to witness higher daily passenger additions and growing public preference for Metro travel.Read more

Mumbai News Desk

06 Aug 2026

Mumbai Police have registered a case against the personal assistant of a Congress Member of Parliament and other individuals over an alleged INR 5.57 crore fraud linked to Slum Rehabilitation Authority (SRA) flats. The accused are alleged to have collected money from prospective buyers by promising allotment of rehabilitation homes through purported political influence. The complaint involves multiple victims who claim they were misled into believing they would receive SRA flats after making payments. The investigation is underway to ascertain the extent of the alleged fraud and identify the roles of all those involved.Read more

06 Aug 2026

The Securities and Exchange Board of India (Sebi) has exempted six Muthoot family trusts from making an open offer for the indirect acquisition of shares in Muthoot Microfin as part of an internal family restructuring. The move follows changes to the transaction structure after Muthoot Fincorp approved its proposed IPO and revised the shareholding arrangement to comply with promoter contribution norms. Sebi said the restructuring is meant for succession planning and will not change the control or management of Muthoot Microfin or affect the interests of public shareholders. The exemption will remain valid for one year, subject to specified conditions.Read more

06 Aug 2026

The Directorate of Enforcement (ED) is investigating 32 bank fraud cases under the Prevention of Money-laundering Act (PMLA), involving 54 accused who have fled India, the Finance Ministry informed Parliament. The government has initiated action under the Fugitive Economic Offenders Act (FEOA), extradition proceedings and asset attachment in these cases. The ministry also shared updates on unclaimed bank deposits, insurance grievances, foreign exchange reserves and RBI's intervention in the forex market, highlighting measures taken to strengthen financial oversight, improve depositor services and maintain economic stability.Read more

06 Aug 2026

Gaurs Group has launched a new residential project on the Yamuna Expressway in Delhi-NCR with an estimated revenue potential of INR 1,900 crore. Spread across 11.8 acres in Sector 22D, the development, named Gaur Alaris, will comprise 1,088 apartments. The launch comes amid sustained residential demand along the Yamuna Expressway corridor, supported by improving connectivity, ongoing infrastructure development and the upcoming Noida International Airport. The Delhi-NCR-based developer said the project is aimed at the premium housing segment. Gaurs Group has delivered more than 100 million sq ft of real estate and has completed over 75,000 housing units across more than 75 projects, including three integrated townships.Read more

06 Aug 2026

Wildfires burning around Spokane, Washington, have destroyed more than 700 buildings and forced nearly 64,000 people to evacuate as firefighters continue battling three major blazes. The fires have spread across more than 8,000 acres, making them the highest firefighting priority in the United States amid widespread wildfire activity across the Pacific Northwest. Officials have warned that the number of damaged structures could rise as inaccessible areas are assessed. While no deaths or injuries have been confirmed, authorities expect the situation to become clearer once search teams are able to safely enter affected neighbourhoods.Read more

06 Aug 2026

The outstanding principal loan payable by Delhi Metro Rail Corporation (DMRC) to the Japan International Cooperation Agency (JICA) stood at INR 35,828 crore till June 2026, according to information shared in Parliament. The Centre said DMRC has repaid nearly INR 9,948.09 crore from its operational revenue while continuing to maintain an affordable fare structure. Over the past five years, both the Central and Delhi governments have also provided financial support through equity, grants and subordinate debt. The government added that metro fare revisions continue to follow the provisions of the Metro Railways Act.Read more

06 Aug 2026

The Central Government has proposed major changes to the tax framework for offshore investment funds managed from India through the Taxation and Other Laws (Amendment) Bill, 2026. The proposed amendments seek to simplify eligibility conditions for tax exemption on global income, introduce a uniform framework for Eligible Investment Funds (EIFs), and replace an earlier Ordinance that offered tax relief for foreign investors in Government securities. The measures are aimed at attracting global fund managers, improving India's competitiveness as an international fund management destination and encouraging higher foreign capital inflows.Read more

06 Aug 2026

Air India has entered into a codeshare partnership with Azerbaijan Airlines, allowing passengers to book seamless travel between India and Azerbaijan on a single itinerary. Under the arrangement, Air India's flight code will be placed on Azerbaijan Airlines' daily services connecting Delhi and Mumbai with Baku. The partnership is expected to offer passengers greater flexibility, smoother connections and simplified ticketing. The agreement also strengthens Air India's international network expansion strategy, which has seen the airline continue to widen its global reach through codeshare and interline partnerships.Read more

06 Aug 2026

Kalpataru Ltd reported a lower consolidated net loss of INR 26.52 crore for the first quarter of FY27, compared with a loss of INR 49.42 crore in the corresponding period last year. The company's total income increased to INR 495.04 crore during the April–June quarter, reflecting improved operational performance. As of the end of June, Kalpataru's net debt stood at INR 8,229 crore. The Mumbai-based real estate developer has completed 85 projects spanning more than 24.5 million sq ft and is currently executing or planning 30 developments across key markets including Mumbai, Thane, Panvel, Lonavala, Pune, Nagpur, Noida and Hyderabad, highlighting its continued presence across major residential markets.Read more

Delhi News Desk

06 Aug 2026

The Delhi High Court has directed the Delhi Development Authority (DDA) to resolve delays in processing leasehold-to-freehold property conversion applications and to promptly resume the operation of its online conversion portal, the Interactive Disposal of Land Information System (IDLI). The direction stems from a petition filed by property owners at DLF South Court Mall in Saket, who applied for conversion in 2023 but faced prolonged delays despite paying the required fees. The court dismissed the DDA's explanation citing technical failures in the portal, ruling that such glitches cannot justify indefinitely delaying statutory duties. The DDA's vice chairman has been asked to file a status report on the matter.Read more

06 Aug 2026

India's housing market has witnessed one of its strongest growth phases in recent years, driven by post-pandemic demand, infrastructure upgrades, expanding employment hubs and rising investor confidence. While some cities have recorded steady appreciation, others have seen exceptional growth as new expressways, metro corridors and business districts reshaped local real estate markets. From technology hubs to emerging investment destinations, these cities have consistently outperformed the broader market. Here are 10 Indian cities where residential property prices have surged the most over the past five years and the factors behind their remarkable growth.Read more

06 Aug 2026

Wildberries is moving ahead with the construction of 260,000 square metres of warehouse space in Kazakhstan as part of its long-term regional expansion strategy. Kazakhstan's trade minister said the new logistics facilities are expected to become operational in the first quarter of 2027. The expansion comes at a time when several of the company's warehouses in Russia have been affected by repeated Ukrainian drone attacks, disrupting its logistics network. The new facilities are expected to strengthen Wildberries' distribution capacity in Central Asia while supporting its growing cross-border e-commerce operations.Read more

06 Aug 2026

India’s expanding data centre sector is expected to emerge as a major driver of residential real estate demand over the next few years, according to a Square Yards report. With more than 250 data centres proposed by 2030, the sector could generate nearly 4.33 lakh direct and indirect jobs across key cities, leading to an estimated demand for 195 million square feet of housing. The report also highlighted that investments in supporting infrastructure such as power, fibre connectivity and logistics are expected to strengthen both residential and commercial real estate development around these emerging digital hubs.Read more

06 Aug 2026

Vacancy in Chennai's prime office market has declined to 9.9% from a peak of 15.8% in 2023, supported by sustained demand from Global Capability Centres (GCCs) and a constrained supply of new office space, according to a CRE Matrix report. The city currently has 120 million sq ft of Grade A/A+ office stock, with an additional 42 million sq ft under construction. The report highlights Chennai's competitive occupancy costs, low employee attrition and expanding GCC ecosystem as key factors driving office demand. It also notes that office demand is exceeding supply by 1.8 times, while several leading developers and institutional investors continue to maintain a significant presence in the city's commercial real estate market.Read more

06 Aug 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new residential, commercial and mixed-use projects across five districts, involving an estimated investment of INR 1,412.55 crore. The developments will add 1,632 residential and commercial units, with Ghaziabad attracting the highest investment and Gautam Buddh Nagar recording the largest number of units. The approvals are expected to support planned urban development, increase construction activity, create employment opportunities and generate demand across allied sectors. UP RERA said it will continue to focus on transparency, timely project execution and consumer protection under the Real Estate (Regulation and Development) Act.Read more

06 Aug 2026

Segro has agreed to be acquired by U.S.-based logistics real estate company Prologis in a deal valued at up to USD 19.19 billion after investor pressure encouraged both companies to engage in discussions. The agreement follows multiple earlier proposals that Segro had rejected before indicating its willingness to consider a final offer. The transaction will combine two major warehouse owners with expanding data centre ambitions linked to AI demand. The deal is among the UK's biggest corporate transactions this year and includes a mix of Prologis shares, a cash alternative, a potential dividend, and plans for a possible London listing of the combined business.Read more

06 Aug 2026

Indian Hotels Company Limited (IHCL) has announced the signing of a new 46-key Tree of Life resort in Karaikudi, Tamil Nadu, marking another step in its expansion across emerging leisure destinations. The greenfield project will strengthen IHCL's presence in the state, taking its Tamil Nadu portfolio to 33 hotels, including 14 under development. Separately, IHG Hotels & Resorts has launched its first Vignette Collection property in India and South West Asia with the opening of the 145-room The Aarlis Hotel in Panchkula, Haryana, expanding its luxury and lifestyle hospitality portfolio in the country.Read more

06 Aug 2026

The Haryana government has reviewed draft development plans for Naraingarh, Kurukshetra, Narnaul and Panipat to guide their long-term urban expansion. During a State-Level Committee meeting, Chief Minister Nayab Singh Saini directed officials to align future planning with the Viksit Bharat-2047 vision while ensuring adequate civic infrastructure, environmental sustainability and balanced land use. The plans cover residential and industrial expansion, transport infrastructure, green spaces, flood management and public utilities, with city-specific measures aimed at supporting future population growth and planned urban development.Read more

06 Aug 2026

Shivalik Small Finance Bank has completed its merger with ManiBhavnam Home Finance India Pvt. Ltd., expanding its presence in the affordable housing finance segment. The integration marks a strategic step in strengthening the bank's secured lending portfolio while offering existing home loan customers access to a wider range of banking services. The merger is expected to enhance Shivalik's retail lending capabilities, improve operational efficiencies and support its long-term growth strategy by combining housing finance expertise with its expanding banking network.Read more

06 Aug 2026

India's hospitality industry is expected to record a 7-9 per cent year-on-year revenue growth in the current financial year after posting an estimated 11 per cent expansion in the previous fiscal, according to ICRA. The rating agency expects premium hotel occupancy to remain stable while average room rates are likely to rise further. Although geopolitical tensions, particularly the West Asia conflict, have affected foreign tourist arrivals, the sector continues to remain resilient as domestic travel remains the primary demand driver. However, prolonged global uncertainties and inflationary pressures could pose risks to the industry's performance.Read more

06 Aug 2026

Della Group is accelerating its expansion strategy with plans to add 3,600 hotel rooms over the next three years as part of its integrated luxury township developments across India. The hospitality-led real estate company aims to strengthen its presence through themed townships that combine hotels, branded residences, wellness, retail and entertainment infrastructure. The expansion will support the group's long-term vision of creating destination-led developments while leveraging an asset-light model that brings together landowners, developers and global design partners.Read more

06 Aug 2026

The Central government has introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha with proposed changes aimed at attracting foreign investment, strengthening India's manufacturing ecosystem and creating a more predictable tax environment. The Bill includes measures to simplify tax rules for foreign fund managers, extend tax benefits for electronics contract manufacturing, support the expansion of data centres, protect tax-free dividends for REIT and InvIT investors, and amend payment laws related to Merchant Discount Rate (MDR). The proposals are intended to improve investment confidence while supporting key growth sectors.Read more

06 Aug 2026

The Border Roads Organisation (BRO) has restored connectivity to Huri village in Arunachal Pradesh by installing a 200-foot Bailey bridge after flash floods damaged the existing road infrastructure. The temporary modular bridge has re-established a vital transport link for residents and security forces operating in the remote border region. The restoration highlights the BRO's role in maintaining strategic infrastructure in difficult terrain, ensuring uninterrupted access for civilian movement, emergency services and defence logistics.Read more

06 Aug 2026

The Telangana government has accelerated its investigation into alleged irregularities linked to the Dharani land records portal while initiating a comprehensive land survey across the state. Authorities will prioritise inquiries into disputed land transactions, unauthorised mutations and suspected encroachments through a fast-track mechanism. Alongside the investigation, the government plans to introduce a unique Bhudhar identification system and strengthen land record management under the Bhu Bharati framework, aiming to improve transparency, restore public confidence and prevent future instances of land fraud.Read more

06 Aug 2026

NBCC (India) Ltd has entered into an agreement with the Government of the Republic of Seychelles to construct 1,008 affordable housing units under the Ile Aurore Housing Project. The agreement, signed in the past week, covers the development of the housing units along with supporting infrastructure. The project will be financed through a USD 75 million Line of Credit extended by the Export-Import Bank of India (EXIM Bank). The signing took place in the presence of Seychelles Vice President Sebastien Pillay and NBCC Chairman and Managing Director K P Mahadevaswamy, reflecting continued infrastructure cooperation between India and Seychelles through government-backed development initiatives.Read more

06 Aug 2026

In a landmark ruling, the Supreme Court has held that pedestrians are entitled to safe, clearly demarcated and obstruction-free walking spaces on every road, describing the right to walk as a fundamental constitutional right. The court directed the Centre and urban local bodies to prioritise pedestrian infrastructure while planning and maintaining roads. It also called for a comprehensive legal framework to safeguard pedestrian rights, a move that could reshape road design, urban planning and public infrastructure development across India.Read more

06 Aug 2026

South Korean President Lee Jae Myung has directed government officials to complete follow-up reviews of housing supply and financial measures within the next two to three days, underscoring the need to address a persistent housing supply shortage that has existed since 2022. During a high-level meeting on the country's property and stock markets, Lee instructed ministries to maximise available housing supply and examine administrative, financial, fiscal and regulatory interventions to expedite project delivery. The directions came shortly after the finance ministry proposed amendments to the tax code that would increase the tax burden on owners of multiple and high-value homes while expanding property tax exemptions for certain owner-occupiers.Read more

06 Aug 2026

The Jaipur Development Authority (JDA) has temporarily suspended enforcement action against a group of commercial establishments on Jaipur–Ajmer Road after its Appellate Tribunal granted interim relief. The tribunal has stayed the execution of notices issued for alleged violations of approved land-use norms and fixed 8 September as the next hearing date. The notices, issued in the past fortnight, alleged that commercial activities were being carried out on agricultural land without the required permissions. The interim order follows petitions filed by the affected establishments seeking relief from enforcement measures. JDA has clarified that the legality of the developments will be determined only after the tribunal concludes its proceedings and issues a final order.Read more

06 Aug 2026

Nexus Select Trust, India's retail-focused Real Estate Investment Trust (REIT), reported an 11% year-on-year increase in net operating income (NOI) to INR 510 crore for the quarter ended June. The trust also declared a distribution of INR 370 crore to unitholders, equivalent to INR 2.442 per unit, representing a 10% increase in distribution per unit. Alongside its quarterly performance, Nexus Select Trust outlined its expansion strategy, including the acquisition of Diamond Plaza mall in Kolkata and the identification of eight shopping malls across India for potential acquisitions. The trust currently owns 19 shopping malls, three hotels and three office assets across 15 cities and aims to double its portfolio by 2030.Read more

06 Aug 2026

The Nashik Kumbh Mela Authority has approved an INR 56 crore project to construct a parallel road along the busy Gangapur Road corridor, aiming to reduce traffic congestion ahead of the 2027 Simhastha Kumbh Mela. The new road is expected to improve connectivity to key residential and pilgrimage areas while easing traffic pressure on one of the city's busiest arterial routes. The project forms part of a broader infrastructure development programme being undertaken to prepare Nashik for the large influx of pilgrims and visitors during the religious gathering.Read more