8 minutes ago

The Navi Mumbai Municipal Corporation (NMMC) has announced that the deadline for submitting Enumeration Forms under the Special Intensive Revision (SIR) of electoral rolls has been extended to 17 August 2026 following directions from the Election Commission of India. The revision exercise, linked to the electoral roll qualifying date of 1 October 2026, has been underway since 30 June through Booth Level Officers (BLOs). The revised schedule also postpones electoral roll restructuring and subsequent stages of the revision process. The civic body has urged eligible voters to submit completed forms without delay, warning that failure to do so could result in their names being omitted from the draft electoral roll, requiring a fresh enrolment process through Form 6.Read more

1 hour ago

JK Lakshmi Cement reported a 27.9 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, even as revenue and sales volumes recorded healthy growth. Higher operating expenses weighed on profitability during the quarter. The company said cement demand is expected to remain supported by continued infrastructure spending and institutional projects. However, it flagged fuel cost volatility and geopolitical tensions in the Middle East as key risks that could impact input costs. It also highlighted the industry's continued focus on improving operational efficiency and cost optimisation to support long-term growth.Read more

2 hours ago

Navi Mumbai Municipal Commissioner Dr Kailas Shinde has directed civic departments to intensify measures to improve public safety and urban management, with particular emphasis on evacuating highly dangerous C1-category buildings and removing abandoned structures. During a departmental review meeting, the Commissioner instructed officials to disconnect electricity, water and sewerage services to unsafe buildings and expedite evacuation measures. He also ordered fire safety audits of coaching centres, the formulation of a policy for hoardings, stronger action against unauthorised hawkers, improved road maintenance through technology, stricter solid waste management compliance, and enhanced monitoring of public amenities. The directions form part of the civic body's efforts to strengthen safety, service delivery and municipal governance across Navi Mumbai.Read more

3 hours ago

UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years, with Indian investors playing an increasingly significant role in its business. Indian buyers contributed 14.38% of the developer's total business during the first half of 2026, making India one of its largest overseas markets. The expansion strategy was outlined at the company's Global Partners Meet in Delhi NCR, attended by over 2,000 channel partners and real estate professionals. BNW currently has 12 projects under development across the UAE and expects to begin project handovers from 2027 while expanding its engagement with Indian investors through a broader network of channel partners.Read more

4 hours ago

Meerut is emerging as one of the National Capital Region's fastest-evolving residential markets, supported by major investments in transport infrastructure, urban planning and industrial development. The operational Delhi–Ghaziabad–Meerut Namo Bharat corridor, expanding expressway network, Transit-Oriented Development (TOD) policy, proposed industrial clusters and the planned Ring Road are collectively improving connectivity and reshaping urban growth. These infrastructure projects are reducing travel times, creating employment opportunities and encouraging organised residential development, positioning Meerut as an increasingly attractive destination for both end-users and developers seeking opportunities beyond Delhi and Noida.Read more

5 hours ago

The Ministry of Housing and Urban Affairs (MoHUA) has advised all State Real Estate Regulatory Authorities (RERAs) to grant a four-month extension to eligible real estate projects affected by disruptions arising from the West Asia situation. In an advisory issued in the past week, the Ministry invoked the Force Majeure provisions under the Real Estate (Regulation and Development) Act, 2016, following a Finance Ministry memorandum that classified the situation as a "war" for contractual purposes. The advisory applies to projects whose original, revised or previously extended completion deadlines fall on or after February 28, 2026. The Ministry has also recommended a common order for all eligible projects to simplify the extension process and reduce regulatory procedures.Read more

6 hours ago

Digital commercial property finance platform Brickflow has launched an automated Decision-in-Principle (DIP) service for brokers in collaboration with lender Together, enabling instant lending decisions for bridging loans and commercial term finance. The new capability allows brokers to obtain automated DIPs within seconds through the Brickflow platform, reducing processing times and manual intervention during the early stages of the lending process. The launch follows a technical integration between the two firms and is intended to streamline commercial property finance applications. The announcement comes amid growing industry demand for faster lender response times, particularly during affordability assessments and initial lending approvals.Read more

7 hours ago

Mumbai's residential property market recorded its strongest July performance in more than 14 years, reflecting sustained demand despite a high base and evolving market conditions. According to Knight Frank India, property registrations within the Brihanmumbai Municipal Corporation (BMC) jurisdiction are estimated at 13,617 transactions in July 2026, marking an 8.3 per cent year-on-year increase. Stamp duty collections are projected to rise 8.9 per cent to approximately INR 1,223 crore, indicating continued momentum across the housing market. Industry stakeholders attributed the performance to infrastructure-led growth, resilient end-user demand, stable economic conditions and sustained interest in premium housing, while highlighting the need for continued policy support and faster project approvals to maintain growth.Read more

8 hours ago

The Navi Mumbai Municipal Corporation (NMMC) will organise a series of public participation programmes as part of the Centre's Har Ghar Tiranga campaign, scheduled from August 9 to 17. The initiative, undertaken in accordance with Central and Maharashtra government directives, aims to encourage citizens to hoist the national flag and participate in awareness activities marking the 150th anniversary of Vande Mataram. The civic body will conduct flag rallies, cleanliness drives, exhibitions, cultural programmes and school-based activities across the city. It will also establish dedicated counters at ward offices to make the national flag available to residents at concessional rates and encourage wider community participation.Read more

07 Aug 2026

The Indore district administration has demolished an illegally developed residential colony in Pipliya Rao village and reclaimed nearly two acres of government land valued at around INR 30 crore. The action was carried out as part of the administration's ongoing drive against illegal encroachments and unauthorised colonies. Officials found that the encroached land had been divided into residential and commercial plots without approvals, while an industrial unit was also operating on the site. The administration has urged homebuyers to verify land ownership and statutory approvals before purchasing plots.Read more

07 Aug 2026

The Andhra Pradesh government has appointed KPMG Advisory Services Pvt Ltd as the strategic support agency and knowledge partner to prepare the Economic Development Plan for the Tirupati Economic Region (TER). The project has been approved at a cost of around INR 3.54 crore after KPMG emerged as the highest-ranked bidder in the e-tender process. The initiative is part of the state's broader strategy to drive balanced regional development by dividing Andhra Pradesh into three economic regions Visakhapatnam, Tirupati and Amaravati with dedicated development plans for each region.Read more

Mumbai News Desk

07 Aug 2026

Maharashtra minister Mangal Prabhat Lodha has directed authorities to initiate stringent legal action against developers who have failed to hand over homes reserved for the Maharashtra Housing and Area Development Authority (MHADA). He said developers benefiting from additional development rights are required to transfer the prescribed housing stock, but several projects have remained pending for years. Lodha said stronger enforcement could make at least 1,000 additional MHADA homes available to eligible beneficiaries. The direction came during the Mumbai Board’s lottery for 2,640 homes, which received 75,127 applications.Read more

07 Aug 2026

Serentica Renewables has commissioned the first phase of its 1 GWh Battery Energy Storage System (BESS) project in Bikaner, marking its entry into utility-scale energy storage for India's commercial and industrial (C&I) sector. The initial phase comprises a 200 MWh battery storage system designed to support round-the-clock renewable power supply for industrial consumers. The project underpins one of the world's first time-block-based round-the-clock renewable energy arrangements for the C&I segment. The company also plans to build a 7 GWh battery order pipeline over the next two years as it expands its energy storage portfolio to improve the reliability of renewable power for industrial users.Read more

07 Aug 2026

A consortium led by Swiss-Japanese waste management company Kanadevia Inova plans to begin construction of a USD 1.5 billion waste-to-energy plant in Casablanca later this year, with full operations expected by mid-2030. The project, developed in partnership with Morocco's Nareva and Japan's Itochu, aims to process around 1.5 million metric tons of waste annually while generating 115 megawatts of electricity. The facility is expected to reduce methane emissions from the Mediouna landfill, improve waste management in Morocco's largest city, and supply electricity to nearly one million people.Read more

07 Aug 2026

Tamil Nadu Chief Minister C. Joseph Vijay has virtually inaugurated infrastructure projects worth INR 112.85 crore, covering multiple sectors aimed at strengthening public amenities and civic infrastructure. The projects include improvements to roads, public buildings, water supply and other essential facilities across different parts of the state. The government said the initiatives are intended to enhance service delivery, improve urban and rural infrastructure, and support balanced regional development through continued investment in public assets.Read more

07 Aug 2026

The Maharashtra government has asked officials to speed up the second phase of the Karanja Fishing Harbour project in Raigad by deploying experienced technical staff and modern equipment. The project aims to strengthen fishing infrastructure, improve operational facilities and benefit around 6,600 fishermen. While the first phase has largely been completed by the Maharashtra Maritime Board, the proposal for the second phase is under review after the government sought revisions. Once completed, the expanded harbour will increase operational capacity and provide several new facilities for the fishing community.Read more

07 Aug 2026

Completion of the Chennai-Bengaluru Expressway has been delayed due to pending land acquisition on a 25.5-km stretch in Tamil Nadu, despite most sections of the corridor being ready. Ongoing legal proceedings in the Madras High Court have slowed acquisition of the remaining land, preventing the National Highways Authority of India (NHAI) from completing the final link. Once operational, the access-controlled expressway is expected to significantly reduce travel time between Chennai and Bengaluru while improving freight movement and regional connectivity.Read more

07 Aug 2026

Smartworks Coworking Spaces Ltd has leased 1.41 lakh sq ft of office space at Bharti Real Estate's Worldmark commercial development in Aerocity, Delhi, as part of its ongoing expansion in the Delhi-NCR office market. The Gurugram-based flexible workspace operator will invest INR 25 crore to establish a new centre, which is expected to become operational by September. The expansion comes amid sustained demand for premium office space, particularly from Global Capability Centres (GCCs), and further strengthens the company's presence in one of India's largest enterprise office markets. As of the end of June, Smartworks operated 70 centres spanning 16.9 million sq ft across 15 cities in India and Singapore.Read more

07 Aug 2026

Three employees sustained injuries after a section of ceiling plaster collapsed inside the Brihanmumbai Electric Supply and Transport (BEST) undertaking's Majas bus depot in Mumbai. The incident occurred while maintenance work was underway at the facility, prompting authorities to rush the injured workers to hospital for treatment. Following the accident, BEST officials initiated an inspection of the affected structure and began assessing the condition of the depot. The incident has renewed concerns over the maintenance and structural safety of ageing public infrastructure across Mumbai.Read more

07 Aug 2026

Police in Maharashtra have arrested three individuals for allegedly attempting to extort INR 8.5 crore from a real estate developer in Thane district. According to investigators, the accused repeatedly threatened the builder and demanded money over multiple attempts before law enforcement intervened. Acting on the developer's complaint, police launched an investigation, gathered evidence and apprehended the suspects. The case is being investigated under provisions related to extortion, criminal intimidation and other relevant offences, with authorities probing whether additional individuals were involved.Read more

07 Aug 2026

A wholly owned subsidiary of Shalimar Paints Ltd. has signed an agreement to sell its commercial property in Gurugram for INR 50 crore as part of the company's strategy to monetise non-core assets and strengthen its balance sheet. In a separate institutional real estate transaction, Edelweiss Emerging Asset Allocation AIF (EAAA) has acquired a Grade A office park in Pune, reinforcing investor interest in income-generating commercial assets despite evolving market conditions. The Gurugram property divestment is expected to unlock value for Shalimar Paints and improve liquidity, while the Pune acquisition reflects continued confidence in India's office real estate market. Both transactions highlight the sustained momentum in commercial real estate, with corporates monetising assets and institutional investors expanding their portfolios through strategic acquisitionsRead more

07 Aug 2026

India needs to simplify land acquisition and address structural issues in land and capital markets to attract higher investments, according to NITI Aayog Vice Chairman Ashok Kumar Lahiri. Speaking at the NCAER India Policy Forum 2026, he said ease of doing business reforms have progressed but more work is needed at the grassroots level. He also highlighted the importance of domestic savings, public infrastructure spending and policy support in driving investment. Lahiri said India has the potential to achieve its Viksit Bharat 2047 goal if structural bottlenecks are removed and the country continues improving its investment environment.Read more

07 Aug 2026

The Dharavi Redevelopment Project (DRP) has secured the clearance of more than 2,200 residential units in Sector 6, paving the way for demolition activities in Meghwadi, one of the first clusters to undergo redevelopment. Demolition is part of the redevelopment of the 35-acre railway land parcel in Matunga, where rehabilitation buildings are planned for eligible residents under the project. Residents who have vacated have either shifted to transit accommodation or opted for monthly rental assistance, while discussions continue with those yet to relocate. Authorities said the clearance marks a significant milestone in the implementation of the Adani-led Dharavi redevelopment, although relocation efforts continue in other parts of Sector 6.Read more

07 Aug 2026

India's leading listed real estate developers are preparing an aggressive pipeline of residential launches in FY27, with companies including DLF, Godrej Properties, Prestige Estates and Lodha Developers focusing on premium and luxury housing across major cities. Despite expectations of a more measured pace of residential sales growth compared with the previous fiscal, developers are relying on new launches, stronger execution and sustained demand for branded housing to achieve ambitious sales targets. The strategy reflects continued confidence in the premium residential segment even as the broader market enters a more balanced growth phase.Read more

07 Aug 2026

Host Hotels & Resorts has raised its full-year 2026 adjusted funds from operations (FFO) forecast following better-than-expected demand across its luxury and upscale hotel portfolio. Strong group travel, continued spending by affluent travellers and higher domestic and international visitor numbers during the recently concluded FIFA World Cup supported the company's performance. The real estate investment trust also increased its room revenue growth guidance for the year after reporting second-quarter results that exceeded analysts' expectations for both adjusted FFO and total revenue.Read more

07 Aug 2026

Construction of the Vadodara station for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor has reached a significant milestone, with major structural work completed at the concourse, platform and track levels. Steel fabrication for the station building is now progressing, marking another step in the development of India's first bullet train project. The elevated station, being built above the existing railway infrastructure, is designed to integrate seamlessly with Vadodara Junction while enhancing passenger connectivity and supporting future high-speed rail operations.Read more

07 Aug 2026

Property Share Investment Trust has filed draft IPO papers for its fourth Small and Medium Real Estate Investment Trust (SM REIT) scheme, PropShare Lumina, with an issue size of up to INR 485 crore. The scheme offers investors an opportunity to invest in two fully leased Grade A+ commercial office towers in Noida's OESPL Business Centre. The asset is leased to 19 tenants and spans over 437,025 square feet of super built-up area. The proposed issue reflects the growing adoption of SM REITs, a SEBI-regulated investment vehicle designed to widen retail participation in income-generating commercial real estate.Read more

07 Aug 2026

The Delhi Development Authority (DDA) has extended the last date for submitting applications under its Narela housing scheme to August 31, 2026. The extension applies to the current allotment of residential flats in Narela and is intended to provide prospective homebuyers with additional time to complete the application process. The revised schedule has been notified through an official order issued by the authority, while all other terms and conditions of the scheme remain unchanged.Read more

07 Aug 2026

China is strengthening its efforts to prevent and reduce the impact of landslides and floods as extreme weather events become more frequent. The government plans to improve monitoring of geological hazards, particularly shallow landslides and debris flows caused by heavy rainfall, while enhancing flood management infrastructure. Authorities have identified key high-risk regions for focused intervention and are also using aerospace remote sensing to improve risk detection. The move follows a series of deadly landslides and ongoing heavy rainfall that has raised concerns over public safety and infrastructure resilience.Read more

07 Aug 2026

Actor Madhuri Dixit and her husband, Dr Shriram Nene, have sold two properties in Mumbai's western suburbs for a combined value of INR 9.25 crore. The transactions include a commercial office in Andheri West and a residential apartment in Juhu, according to property registration documents reviewed by CRE Matrix. Both properties recorded substantial appreciation over their purchase prices, reflecting the sustained demand for residential and commercial real estate in established micro-markets such as Andheri and Juhu. The deals also highlight continued activity in Mumbai's premium property market.Read more

07 Aug 2026

Delhi's Indira Gandhi International Airport has expanded its domestic network to 90 destinations following the launch of direct flight services to Daman. Operated by Alliance Air, the new route further strengthens the airport's domestic connectivity, which now includes direct access to 32 of India's 36 states and Union Territories. The airport currently handles more than 1,050 domestic flight movements every day and serves over 5 million domestic passengers each month. The expanded network also includes seasonal winter destinations such as Khajuraho and Jaisalmer, reinforcing Delhi's position as India's largest domestic aviation hub.Read more

07 Aug 2026

State-owned NBCC Ltd has secured a project management consultancy (PMC) contract worth INR 780.38 crore from the Reserve Bank of India (RBI) for the development of an office complex and residential quarters in Amaravati, Andhra Pradesh. Under the project, NBCC will oversee the construction of the RBI's new office at Nelapadu and residential accommodation for its officers and staff at Inavolu. The order further strengthens NBCC's government project portfolio, where the company continues to execute large-scale institutional, infrastructure and redevelopment assignments across the country.Read more

07 Aug 2026

The Odisha government has approved the proposal for the Bhubaneswar–Cuttack–Puri–Paradip City Economic Region (BKPBER) project, an integrated urban development initiative aimed at accelerating investment, industrial growth, tourism, logistics and employment generation. The project, estimated to cost INR 55,000 crore, will be implemented under the City Economic Region (CER) scheme with financial support from the Asian Development Bank and the Centre. Covering the urban local bodies of Bhubaneswar, Cuttack, Puri and Jagatsinghpur districts, the initiative seeks to strengthen regional connectivity, develop modern infrastructure and position the corridor as a major economic hub in line with Odisha Vision 2036.Read more

07 Aug 2026

Indian homes have transformed dramatically over the past few decades. As cities expanded, land became costlier and apartments replaced sprawling ancestral homes, many traditional spaces quietly disappeared from everyday life. Courtyards, verandahs, terraces and grain stores once played an important role in family routines, climate-responsive design and cultural traditions. Today, compact layouts, changing lifestyles and modern construction practices have made these spaces increasingly rare. Here's a look at ten features that were once integral to Indian homes and the reasons they have gradually faded from contemporary residential architecture.Read more

07 Aug 2026

UK-based building materials manufacturer Ibstock has lowered its outlook for full-year earnings, saying its annual profit is likely to be at the lower end of market expectations as the country's construction sector continues to face weak demand. The company reported lower revenue and a pre-tax loss for the first half of the year, affected by subdued private housebuilding activity, higher energy costs and a non-cash impairment charge. Despite expecting improved earnings in the second half, Ibstock said market conditions remain challenging due to economic and political uncertainties.Read more

07 Aug 2026

Dilip Buildcon Limited has secured a road project worth approximately INR 160 crore in Odisha under the Engineering, Procurement and Construction (EPC) mode. The contract strengthens the company's infrastructure portfolio and supports the state's ongoing efforts to improve road connectivity. The project is expected to enhance transport efficiency, facilitate smoother movement of goods and passengers, and contribute to regional economic development. The award comes amid continued government focus on expanding and upgrading road infrastructure to improve connectivity and support industrial and commercial growth across the country.Read more

07 Aug 2026

The Reserve Bank of India (RBI) has kept the policy repo rate unchanged at 5.25%, in line with market expectations, as it continues to assess the impact of rising global crude oil prices and domestic inflation trends. The Monetary Policy Committee (MPC) retained its policy stance while making marginal revisions to its growth and inflation forecasts. Economists said the central bank has adopted a balanced and data-driven approach, while real estate consultants believe stable interest rates will support housing demand, particularly during the festive season, although the move alone may not revive the affordable housing segment.Read more

07 Aug 2026

The Enforcement Directorate (ED) carried out searches across Punjab and Chandigarh as part of its money laundering investigation into alleged irregularities in the Punjab Small Industries and Export Corporation (PSIEC). The probe is linked to accusations that industrial plots were fraudulently allotted to private individuals through fake firms and alleged collusion with PSIEC officials. Investigators are also examining the alleged diversion of industrial land for residential use, which reportedly caused losses to the state exchequer. A company linked to jailed Punjab minister Sanjeev Arora has also come under the agency's scrutiny.Read more

07 Aug 2026

Kimco Realty has raised its full-year net income forecast after reporting second-quarter revenue and funds from operations (FFO) that exceeded market expectations. The real estate investment trust benefited from steady leasing demand across its grocery-anchored shopping centres, supported by limited retail space supply and consistent consumer demand for essential goods. The company also increased the lower end of its annual FFO guidance while maintaining the upper end. The results reflect continued strength in the open-air retail segment, where leasing activity and shopper footfall have remained stable despite broader market challenges.Read more

07 Aug 2026

The Reserve Bank of India (RBI) has said the country's rural economy and agriculture sector have become more resilient due to better irrigation, higher farm mechanisation, improved crop varieties and the growth of allied activities. RBI Governor Sanjay Malhotra noted that these developments have reduced the impact of rainfall deficiencies on agricultural output and rural incomes. Deputy Governor Poonam Gupta also highlighted that increased irrigation coverage, easier access to farm credit and technological improvements have strengthened the sector over the past 15 years. The central bank also reiterated that its monetary policy remains driven by inflation and growth data.Read more

07 Aug 2026

Anubhav Sharma, Director of real estate company 32nd Milestone, and his wife Mamata Sharma have been arrested in connection with a cheating case and remanded to six days' police custody, officials said on Monday. The couple's son, Dhruv Dutt Sharma, and Shireen Sharma had earlier been arrested in the same case. The accused are alleged to have cheated several investors by selling properties that had already been mortgaged to banks. The case originated from a complaint filed on 20 December last year, alleging that a shop at 32nd Milestone, Sector 15, Gurugram, was sold to the complainant's son for approximately INR 28 lakh by misrepresenting its actual area.Read more

07 Aug 2026

Deshpande Landmark Private Limited Managing Director Yogesh Ambadas Deshpande has been honoured with the Landmark Award 2026 for his contribution to Pune's premium residential and redevelopment sector. The recognition acknowledges the company's work in luxury housing, transparent business practices, quality construction and timely project delivery. Presented at an event organised by the Lokmat Group in association with Bank of Maharashtra, the award also reflects the company's focus on customer trust, redevelopment, modern housing and long-term community development. Established in 2005, Deshpande Landmark has built a presence in Pune's premium housing market.Read more

07 Aug 2026

Karnataka has stepped up efforts to attract fresh industrial investments through an investment roadshow in Mumbai, with the JSW Group committing to invest INR 1.20 lakh crore in the state over the next five years. The discussions also covered expansion plans by several major companies across manufacturing, semiconductors, aerospace, packaging and consumer goods. The proposed investments are expected to strengthen Karnataka's industrial ecosystem, generate employment, boost research and development, and reinforce the state's position as a preferred destination for large-scale manufacturing and technology-led industries.Read more

07 Aug 2026

A Delhi court has granted interim protection from arrest to the chairman and managing director of Raheja Developers Limited in connection with an Enforcement Directorate (ED) investigation linked to an alleged money laundering case. The court directed both executives to cooperate with the investigation while restraining the agency from taking coercive action until the next hearing. The ED case stems from a Central Bureau of Investigation (CBI) FIR concerning alleged diversion of homebuyers' funds and delayed housing projects. The court observed that the investigation had been ongoing for several years and sought the ED's response before deciding on the matter. The interim relief will remain in force until the next scheduled hearing.Read more

07 Aug 2026

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to restore tax-free dividend income for investors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), even as the underlying special purpose vehicles (SPVs) migrate to the newer corporate tax regime. According to Finance Ministry sources, the government intends to keep the measure revenue-neutral by levying an additional surcharge at the SPV level rather than taxing investors directly. The proposal forms part of a broader set of reforms in the Bill aimed at improving tax predictability for domestic and overseas investors across sectors.Read more

07 Aug 2026

The Delhi government has commenced construction of a new foot overbridge across the Najafgarh drain to improve pedestrian connectivity and safety in west Delhi. The project, inaugurated by Public Works Department (PWD) Minister Parvesh Sahib Singh Verma, is intended to address long-standing access issues faced by residents and daily commuters. The bridge will connect Mukherjee Nagar, Gauri Mandir, Rajapura, Roop Nagar and the Yamuna route, while providing a safer crossing for students, senior citizens and other pedestrians. The initiative follows a recent incident involving the collapse of an older bridge and forms part of the government's wider efforts to strengthen public infrastructure through improved safety standards and connectivity.Read more

Gurugram News Desk

07 Aug 2026

A ceiling section from a balcony at a residential society in Gurugram collapsed, prompting residents to raise concerns over construction quality and building safety. While no injuries were reported, homeowners have demanded an independent structural audit and intervention by regulatory authorities to assess the condition of the complex. The incident has renewed focus on maintenance standards in residential projects, with residents seeking accountability, timely repairs and a comprehensive investigation into the structural integrity of the development.Read more

07 Aug 2026

Road accident fatalities on India's national highways declined by 4% in 2025, marking the first such reduction since the COVID-19 pandemic, according to information shared by Union Road Transport and Highways Minister Nitin Gadkari in Parliament. However, the overall number of road accidents across the country increased by 5.3%, with more than 5.13 lakh crashes claiming 1.83 lakh lives. The government also shared updates on highway safety measures, black spot identification using AI, ongoing national highway projects, vehicle scrapping, bridge maintenance, and the expansion of Advanced Traffic Management Systems.Read more

07 Aug 2026

PNB Housing Finance reported a 4 per cent year-on-year increase in its net profit for the first quarter of FY27, supported by growth in interest income and overall business expansion. The company also recorded a rise in total income, net interest income and assets under management during the quarter. While its asset quality improved with a lower gross NPA ratio, the net interest margin and capital adequacy ratio witnessed a decline compared to the corresponding period last year. The lender continued to maintain healthy capital levels despite the moderation.Read more

07 Aug 2026

Germany-based real estate company Vonovia reported a rise in the value of its property portfolio during the first half of the year, indicating that the country's residential property market continues to recover. However, the company also faced higher financing costs, which affected its earnings during the period. While Vonovia maintained its long-term targets for 2028, it said investment activity remained cautious due to ongoing market uncertainty. The company also noted that slower sales reflected a more careful approach from investors despite improving property valuations.Read more