10 minutes ago

Construction and infrastructure company GNI Infrastructure has filed draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The proposed issue comprises a fresh issue of 2.10 crore equity shares and an offer for sale of 93.88 lakh equity shares by promoters and existing shareholders. The company intends to utilise the proceeds from the fresh issue to meet its working capital requirements and for general corporate purposes. Established in 2007, GNI Infrastructure has built its business around road and highway construction projects in Maharashtra and has expanded into biomining and solid waste management projects, primarily serving government agencies and public sector organisations.Read more

40 minutes ago

CJ Darcl Logistics has signed a memorandum of understanding with the National Highways for Electric Vehicles (NHEV) to pilot heavy electric freight operations on India's upcoming e-highways. The partnership will begin with the Bengaluru–Chennai corridor, where the two organisations will jointly develop charging infrastructure and deploy heavy electric trucks. The initiative also includes battery-swapping facilities, solar-powered energy stations and logistics hubs to support zero-emission freight movement. The collaboration aims to evaluate the commercial viability of electric trucking while creating a scalable model for sustainable, low-carbon logistics across India's highway network.Read more

1 hour ago

Apeejay Surrendra Park Hotels Ltd has received an income tax demand notice of INR 41.06 crore, including applicable interest, for the assessment year 2024–25. The demand follows a scrutiny assessment in which the Income Tax Department made certain additions and disallowances under various provisions of the Income Tax Act. The hospitality company has said it will challenge the order by filing an appeal before the appropriate appellate authority within the prescribed timeline. The development is not expected to impact the company's day-to-day operations while the appeal process is underway.Read more

1 hour ago

The National Highways Authority of India (NHAI) has introduced a multi-lane free-flow (MLFF) tolling system at the Manoharpura toll plaza on the Delhi–Jaipur section of National Highway-48 in Rajasthan, marking another step towards barrier-free electronic toll collection. The rollout follows the launch of Rajasthan's first MLFF system at the Daulatpura toll plaza in the past month. The authority also plans to extend the technology to the Shahjahanpur toll plaza on the same corridor. The MLFF system combines Automatic Number Plate Recognition (ANPR) technology with FASTag-based toll collection, allowing vehicles to pass through toll plazas without stopping while enabling automated user fee collection and reducing congestion.Read more

2 hours ago

• The Insolvency and Bankruptcy Code (Amendment) Act, 2026 clarifies that statutory charges created solely by law will no longer qualify as "security interests" under the IBC, changing the treatment of government land authorities during insolvency proceedings.
• As a result, state development authorities such as industrial and urban development bodies will no longer enjoy the status of secured creditors merely because state laws create a statutory charge over land or dues.
• The amendment restores the original waterfall mechanism under Section 53 by placing government dues in their designated priority instead of alongside secured creditors.
• Legal experts believe the change will improve certainty in insolvency resolution, reduce litigation over creditor rankings and provide greater confidence to lenders and investors participating in distressed asset resolutions.Read more

Pune News Desk

2 hours ago

• Pune IT City Metro Rail Corporation (PITCMRL) has completed a 60-metre-long foot overbridge (FOB) at Wakad Metro Station on Metro Line 3 to improve pedestrian safety and last-mile connectivity across the • Mumbai–Bengaluru Highway.
• The bridge provides a safe crossing for both metro commuters and the general public, reducing dependence on busy road crossings and improving access to Wakad Chowk.
• Installed during carefully planned late-night operations, the structure is part of preparations for the commercial launch of Pune Metro Line 3 and the development of Wakad as a multimodal transit hub.
• The project is expected to strengthen integration between metro services, buses, taxis and other last-mile transport options while enhancing commuter convenience in one of Pune's busiest transport corridors.Read more

Hyderabad News Desk

3 hours ago

KKR & Co. Inc is nearing the sale of its controlling stake in Re Sustainability Ltd., with I Squared Capital and a consortium of TPG and the Canada Pension Plan Investment Board (CPPIB) emerging as the leading bidders. The Hyderabad-based environmental services company is expected to be valued at over USD 1.6 billion, with binding bids anticipated in the coming weeks. KKR has restructured the business by separating its municipal waste operations to sharpen its focus on industrial environmental services. The proposed transaction underscores growing investor interest in India's waste management and sustainability sector amid rising demand for environmental infrastructure. If completed, the deal would rank among the largest private equity exits in India's environmental services industry.Read more

3 hours ago

Swiss healthcare real estate company Infracore has fixed the offer price for its initial public offering (IPO) at 54 Swiss francs per share, valuing the company at around USD 1 billion. The listing on the SIX Swiss Exchange is scheduled for July 9 and is expected to raise about 200 million Swiss francs through newly issued shares. The company plans to use the proceeds to acquire more hospital properties and repay shareholder loans. Strong investor demand has already covered both the primary offering and the greenshoe option, indicating positive market interest.Read more

4 hours ago

The Real Estate Regulatory Authority (RERA), Gurugram, approved 51 real estate projects with a combined investment of around INR 38,050 crore (approximately USD 4 billion) during the January–June 2026 period. According to data released by the authority, the projects comprise 16,727 units, including 15,403 residential, 1,084 commercial and 240 industrial units. Eleven of the approved developments alone account for investments of around INR 25,000 crore, highlighting the scale of ongoing development in Gurugram. The authority attributed the momentum to sustained developer activity, improved regulatory compliance and continued participation from homebuyers and institutional investors.Read more

4 hours ago

Abu Dhabi-based International Holding Company (IHC) and the Adani Group have signed a joint venture agreement to develop an integrated aluminium project in Odisha with an investment of USD 11.5 billion. The project, which will be owned equally by both partners, is expected to become India's largest foreign investment in the metals sector. It will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park. The development is expected to strengthen India's aluminium production capacity, create more than 53,000 jobs and support the country's growing industrial demand.Read more

5 hours ago

Leasing activity in India's organised retail real estate market increased by 18% year-on-year to 2.4 million sq ft during the April–June quarter across eight major cities, according to Cushman & Wakefield. The growth was driven by retailers expanding their physical presence despite limited availability of quality retail assets. High streets accounted for nearly half of the total leasing activity at 1.17 million sq ft, while fashion retailers remained the largest occupiers, followed by food and beverage brands. The consultant noted that constrained supply has resulted in lower vacancies and firmer rentals across key retail destinations, with additional retail developments expected to improve space availability in the coming quarters.Read more

5 hours ago

French warehouse developer Argan reported a 4% year-on-year increase in rental income for the first half of 2026, supported by the full-year contribution of warehouses delivered in 2025, annual rent indexation and a return to full occupancy. The company has slightly raised its rental income guidance for 2026 to at least EUR 221 million and expects further support from two projects scheduled for completion later this year. Analysts continue to maintain a positiveRead more

6 hours ago

• Shirish Godbole, CEO of Knowledge Realty Trust, has been appointed chairperson of the Indian REITs Association (IRA) with immediate effect, succeeding Alok Aggarwal following his retirement from Brookfield India REIT.
• Godbole brings over 25 years of experience in global real estate investment and finance, having held leadership positions at AEW Capital Management, Morgan Stanley and Goldman Sachs.
• The Indian REITs Association will continue to focus on strengthening investor awareness, promoting governance standards, encouraging industry collaboration and supporting the long-term growth of India's listed REIT market.
• The leadership transition comes as India's REIT sector continues to expand, with rising institutional participation, evolving regulations and growing investor interest expected to drive the next phase of market development.Read more

6 hours ago

• The National Highways Authority of India (NHAI) has invited bids for the construction of the 62.7-km Thiruvananthapuram Outer Ring Road (ORR) from Navaikulam to Vizhinjam in Kerala.
• The project, estimated to cost INR 8,004.72 crore, will be developed on a Build-Operate-Transfer (BOT) mode as part of NH-866.
• Bidding documents are available from June 5 to August 6, 2026, with online bids to be submitted by August 5 and opened on August 7.
• The proposed corridor is expected to enhance regional connectivity by linking Navaikulam and Vizhinjam, supporting smoother movement of passenger and freight traffic.Read more

Ahmedabad News Desk

7 hours ago

The Ahmedabad Municipal Corporation (AMC) is preparing to monetise more than 209 civic properties as part of a broader strategy to strengthen municipal revenues and fund infrastructure development. The initiative will focus on commercially viable assets, including land parcels and built-up properties, while retaining ownership through long-term lease models wherever feasible. The civic body also plans to identify additional underutilised leasehold properties for future monetisation. Officials expect the programme to generate sustainable non-tax revenue, support capital-intensive urban projects and reduce dependence on conventional municipal income sources.Read more

7 hours ago

Coal India Limited (CIL) has secured an INR 2,831.11 crore contract to develop a 600 MW solar power plant at Jalaun Solar Park in Uttar Pradesh. Awarded by Bundelkhand Saur Urja Limited, the project comprises two 300 MW units and will supply electricity at a tariff of INR 2.73 per kWh. The project strengthens CIL's renewable energy portfolio and supports the company's strategy to expand clean energy infrastructure alongside its core mining business.Read more

8 hours ago

Sri Lanka’s stock market ended slightly lower, marking its second consecutive session of losses as declines in communication services and real estate stocks offset gains in the IT and healthcare sectors. The benchmark CSE All Share Index slipped 0.09%, while trading activity and market turnover also declined compared to the previous session. Foreign investors remained net sellers, whereas domestic investors continued to buy shares. The latest session reflects cautious investor sentiment amid lower trading volumes and selective sectoral movements across the market.Read more

05 Jul 2026

The National Highways Authority of India (NHAI) is moving closer to making the entire Delhi–Jaipur stretch of NH-48 barrier-free by expanding its Multi-Lane Free Flow (MLFF) tolling system. Following the rollout at Daulatpura and the latest launch at Manoharpura Toll Plaza, the authority now plans to upgrade Shahjahanpur Toll Plaza as well. The technology-driven initiative aims to eliminate toll barriers, reduce travel time, improve fuel efficiency and create a seamless commuting experience on one of India's busiest highway corridors.Read more

05 Jul 2026

Bloom Energy and Brookfield have expanded their partnership to finance power projects for artificial intelligence (AI) infrastructure, increasing their investment framework from USD 5 billion to USD 25 billion. The move reflects rising demand for reliable and cleaner power solutions as AI data centres continue to grow worldwide. The expanded collaboration will accelerate the deployment of Bloom Energy's fuel cell technology and forms part of Brookfield's AI Infrastructure Fund, which aims to invest USD 100 billion. Following the announcement, Bloom Energy's shares rose sharply in extended trading.Read more

05 Jul 2026

Bengaluru-based EARA Group has appointed Raja Ramamoorthy as Associate Vice President – Sales as part of its leadership expansion strategy. The appointment comes as the real estate developer seeks to strengthen its sales operations while pursuing growth across its real estate portfolio and planned diversification into hospitality and related businesses. Ramamoorthy, who has more than 26 years of experience across real estate, hospitality, telecommunications and consumer sectors, will oversee sales strategy, channel partner development, customer acquisition and revenue growth. Prior to joining EARA Group, he served as Associate Vice President – Sales at Casagrand Builders, where he was involved in expanding the company's channel partner network.Read more

05 Jul 2026

National flex workspace operators charged an average 19% premium over independent coworking providers between 2021 and 2026, according to myHQ's Flex Pricing Report 2026. Based on five years of transaction data covering 1,384 coworking centres across 30 cities and booking behaviour from more than 10,000 companies, the report examines the factors influencing coworking pricing in India. It found that Hyderabad and Bengaluru recorded the highest seat expansion among occupiers, while shorter lock-in periods attracted higher costs and larger seat bookings secured volume discounts. The report also projects the pricing premium enjoyed by national coworking brands to increase to 25% by FY2028 as enterprise demand continues to favour established multi-city operators.Read more

05 Jul 2026

Swedish real estate company K-Fast Holding AB (K-Fastigheter) has agreed to sell a residential project comprising 255 rental apartments in Gothenburg to insurance and pension group Folksam. The transaction values the underlying property at SEK 793 million and forms part of K-Fastigheter’s ongoing strategy of monetising selected residential developments while strengthening its capital position. The company has completed several property divestments over the past year as it continues to focus on balancing project development, construction and long-term property management.Read more

05 Jul 2026

Jindal Stainless has appointed Kunjal Mehta as its Chief Financial Officer (CFO), effective June 25, 2026, following approval from the company's Board. Mehta succeeds to the role after serving as CFO of Adani Energy Solutions and brings more than 25 years of experience across the steel, power, ports, logistics and technology sectors. He will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management and strategic growth initiatives. The appointment comes as Jindal Stainless continues to expand its operations and strengthen its financial management framework to support long-term growth and capital allocation.Read more

05 Jul 2026

AFC Furniture Solutions has announced plans to expand its operations in Maharashtra beyond Mumbai, focusing on Pune's technology corridors and Nagpur's MIHAN industrial zone. The office furniture manufacturer expects western India to contribute 25–30% of its revenue, supported by growing demand from Global Capability Centres (GCCs), industrial occupiers and commercial developments. The expansion aligns with the Maharashtra GCC Policy 2025 and increasing office leasing activity in Pune, where GCCs accounted for 69% of total office absorption during the first quarter of 2026. The company also plans to strengthen its presence through partnerships with developers, architects and corporate occupiers across the state.Read more

05 Jul 2026

National Insurance Awareness Day has renewed focus on India's low insurance penetration, with industry stakeholders calling for greater public awareness and wider adoption of insurance products. IFFCO-TOKIO General Insurance Company Ltd said insurance remains underutilised despite relatively affordable premiums and continued efforts by insurers, regulators and financial institutions to improve coverage. According to the company, only around 15% of losses in India are currently covered by insurance, while more than half of the country's vehicles remain uninsured. Industry experts believe improving insurance awareness is essential to strengthening household financial resilience amid rising healthcare costs, climate-related risks and economic uncertainties.Read more

05 Jul 2026

Sports tourism is emerging as a significant segment of experiential travel among Indian travellers, with holidays increasingly being planned around international sporting events, iconic venues and major tournaments. According to Thomas Cook India and SOTC Travel, demand is expanding beyond cricket to include football, Formula 1, tennis, golf, endurance sports and emerging racquet sports such as padel. Travellers are also extending sports-focused trips into longer holidays by combining live sporting events with sightseeing, local cuisine and cultural experiences. Destinations including Australia, the UK, Spain, Singapore, Japan, the UAE and New Zealand continue to attract Indian visitors seeking a blend of sporting experiences and tourism.Read more

05 Jul 2026

Rane (Madras) Limited (RML) has signed an agreement to acquire the friction business of Hindustan Composites Limited (HCL) for an enterprise value of INR 370 crore through a slump sale. The acquisition includes the COMPO brand, two manufacturing facilities in Maharashtra and an established nationwide distribution network. The acquired business reported revenue of INR 315.04 crore and profit before tax (PBT) of INR 40.29 crore in FY26. Upon completion, RML expects to create a friction materials business with annual revenue exceeding INR 1,000 crore, strengthening its presence across automotive, railway, industrial and aftermarket segments. The transaction remains subject to regulatory approvals and is expected to close by the end of the second quarter.Read more

05 Jul 2026

• Union Minister Dr. Jitendra Singh inaugurated four advanced research and development facilities and laid the foundation stone for a 44.46 crore hostel complex at CSIR-IICT, Hyderabad.
• The new facilities focus on fluorochemicals, sustainable engineering, continuous chemical processing and wastewater treatment, with an emphasis on translating research into industrial applications.
• The minister highlighted the growing role of science in converting agricultural waste into value-added products, promoting clean energy, circular economy and industrial innovation.
• He stressed stronger collaboration between research institutions, industry, startups and MSMEs to accelerate technology commercialisation and support India's economic growth.Read more

05 Jul 2026

Swedish education group Cedergrenska has announced plans to acquire the Hamnen 4 school property in Stocksund for SEK 19 million as part of its strategy to expand its portfolio of owned educational facilities. Following the acquisition, the company's property arm, Fastigheter, will own three school properties with a combined book value of approximately SEK 40 million. The company is also targeting a school property portfolio with a book value of up to SEK 100 million by the end of 2027, reflecting its long-term focus on strengthening its real estate holdings alongside its education business.Read more

05 Jul 2026

Chennai-focused real estate listing platform Chennaiproperties has transitioned from Chennaiproperties.in to Chennaiproperties.com as part of its strategy to strengthen its digital presence and expand its reach among domestic and overseas property seekers. Established in 2014, the platform connects homebuyers with residential projects across Chennai and caters to developers, investors and non-resident Indians (NRIs). According to the company, the domain migration is intended to improve accessibility, reinforce its brand identity and support future technology-led enhancements while continuing to offer verified property listings, local market insights and direct engagement between developers and prospective buyers.Read more

05 Jul 2026

Kerala's traditional architecture is celebrated for its sloping roofs, intricate woodwork and deep connection with nature. At the heart of many historic homes lies another defining feature the courtyard. Known locally as the nadumuttam, these open-to-sky spaces were designed to improve ventilation, bring natural light indoors and serve as the social heart of the household. While some courtyard homes have become famous heritage landmarks, many remain relatively lesser known. Here are 10 lesser-known courtyard homes in Kerala that continue to preserve stories of culture, craftsmanship and community.Read more

05 Jul 2026

Age Care Labs has secured INR 85 crore (USD 9 million) in its Series B1 funding round, with participation from Shrem Group, Rainmatter, Pegasus Finvest and several family offices. The fundraising forms part of a larger INR 250 crore (USD 30 million) Series B round planned for the first quarter of 2027. Alongside its investment, Shrem Group has entered into a strategic partnership with Age Care Labs to launch Shremoha, a premium senior independent living platform. The collaboration will combine Age Care Labs' elder care expertise with Shrem's capabilities in real estate, hospitality and infrastructure to develop integrated senior living communities catering to India's growing ageing population.Read more

05 Jul 2026

Developers across the Gulf region need to rethink residential design as rising temperatures and heat stress expose the limitations of conventional construction methods, according to Talal M. Al Gaddah, CEO and Founder of Keturah. Citing new research from the European Centre for Medium-Range Weather Forecasts, he said luxury homes should increasingly incorporate materials and systems designed to address heat, humidity and indoor air quality. The comments come as the UAE and Saudi Arabia continue to promote sustainable urban development through long-term planning frameworks, while buyers place greater emphasis on healthy indoor environments alongside traditional luxury features.Read more

05 Jul 2026

The National Capital Region's proposed Namo Cities represent a shift in urban planning, placing high-capacity transit infrastructure at the centre of future development. Planned under Regional Plan 2041 as mixed-use, transit-oriented urban centres around Namo Bharat stations, the initiative aims to accommodate a rapidly expanding population while promoting balanced regional growth. Backed by a Central allocation of INR 5,000 crore and informed by the real estate gains witnessed along the Delhi–Meerut RRTS corridor, the proposal reflects a broader strategy to steer housing, employment and investment towards well-connected locations. Its long-term success, however, will depend on timely execution, supporting infrastructure and sustained economic activity.Read more

05 Jul 2026

Mumbai-based developer UK Realty has partnered with California-headquartered Slate Technologies Inc. to deploy an artificial intelligence-powered construction intelligence platform across its operations, becoming the first developer in Maharashtra to adopt the technology. The platform will initially be implemented across approximately 20 lakh sq ft of ongoing residential projects in Andheri, Jogeshwari and Kandivali, with full deployment targeted by the third quarter of FY2026–27. The AI platform will support project management, quality inspections, site monitoring, procurement, safety analytics and delay prediction, enabling data-driven decision-making aimed at improving project delivery, operational efficiency and construction quality.Read more

05 Jul 2026

Navi Mumbai Mayor Sujata Patil inspected several flood-prone locations across the municipal limits following three days of continuous rainfall to review the city's monsoon preparedness and emergency response measures. During the inspection, she assessed waterlogging from Belapur to Digha, reviewed dewatering operations and directed officials to strengthen drainage management. The visit also followed an incident beneath the Nerul LP flyover where two young women sustained electric shocks in a waterlogged area and were admitted to hospital. According to the Navi Mumbai Municipal Corporation (NMMC), both are in stable condition. The civic body recorded 105.46 mm of rainfall across its jurisdiction on July 1 and has deployed emergency personnel and pumping equipment in vulnerable locations.Read more

05 Jul 2026

Myanmar's government is preparing to restart the long-delayed Myitsone hydropower project in Kachin State, with construction expected to be completed in around eight years. Backed by China, the USD 3.6 billion project has remained suspended since 2011 due to public opposition over environmental and social concerns. Officials say fresh assessments and modern technology will help address safety and displacement issues, while civil society groups continue to oppose the project. The dam's revival comes as Myanmar seeks to address its electricity shortage and strengthen economic ties with China.Read more

05 Jul 2026

ONE Atmosphere has appointed hospitality veteran Vipul Kamboj as General Manager of ONE Atmosphere Suites Corner Walk, Gurugram, the first property under its serviced apartment brand. Bringing more than 25 years of experience in hospitality operations, sales, marketing and revenue management, Kamboj will oversee operations, guest experience, stakeholder engagement and commercial strategy. The appointment comes as the company expands its premium serviced apartment portfolio in India, with Corner Walk, Gurugram serving as the operational model for future developments. ONE Atmosphere, the hospitality vertical of Atmosphere Core, is also pursuing expansion across major Indian cities and selected international markets.Read more

05 Jul 2026

House prices in the UK remained unchanged on a monthly basis in June, while annual growth slowed slightly below market expectations, according to Nationwide Building Society. The housing market continued to feel the impact of higher mortgage costs and economic uncertainty linked to the Middle East conflict. However, easing expectations of further interest rate hikes by the Bank of England have improved the outlook for affordability. Although mortgage approvals declined in May, lower borrowing cost expectations and government efforts to boost housing supply could support housing market activity in the coming months.Read more

Kochi News Desk

05 Jul 2026

The National Highways Authority of India (NHAI) has launched a comprehensive drainage initiative to address recurring flooding and waterlogging along NH-66 in Ernakulam, expanding a wider flood mitigation programme being implemented across Kerala. The project aims to improve connectivity between highway drains and natural water channels, tackling one of the key causes of monsoon flooding. By working with district administrations and local bodies, NHAI hopes to strengthen climate resilience, protect highway infrastructure and provide long-term relief to residents living along the busy national highway corridor.Read more

05 Jul 2026

Chandak Group has unveiled a 15,000 sq ft vertical mural on a Slum Rehabilitation Authority (SRA) redevelopment tower in Borivali East, Mumbai, ahead of National Mural Day observed on June 27. Extending from the 13th to the 34th floor, the artwork is among the tallest murals created on a rehabilitation building in the city. Designed by creative studio ZA Works, the installation symbolises homeownership and community transformation through imagery centred on a young girl holding a key. The initiative forms part of the developer's SRA redevelopment project and highlights the integration of public art within rehabilitation housing. Chandak Group said it has delivered 3,500 SRA rehabilitation homes over the past three years and plans to hand over another 1,508 units during the coming year.Read more

05 Jul 2026

Cairo for Housing and Development reported a consolidated net profit attributable to shareholders of EGP 415.4 million for the first quarter of 2026. The company also posted consolidated revenue of EGP 88.1 million during the quarter. The latest financial results reflect the company's performance at the start of the year, although it did not disclose comparative figures or provide further details on the factors behind the earnings. The company operates in Egypt's real estate sector, which has continued to witness steady development activity despite broader economic challenges.Read more

Hyderabad News Desk

05 Jul 2026

• Hyderabad's Rajiv Gandhi International Airport has proposed a revised passenger fee structure that introduces User Development Fee (UDF) for arriving passengers alongside existing departure charges.
• The proposal, submitted to the Airports Economic Regulatory Authority (AERA), aims to redistribute airport charges without increasing the total fee payable by most travellers.
• The revised tariff framework is intended to support the airport's next phase of expansion, including a new terminal and runway.
• The proposal will take effect only after AERA reviews stakeholder feedback and issues its final approval.Read more

05 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has demolished an unauthorised structure in the Juhugaon area of Vashi as part of its ongoing drive against illegal constructions. The action was carried out earlier this week after the occupants failed to comply with a notice issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. The demolition was undertaken under the supervision of senior civic officials with support from the encroachment department, police personnel, security staff and labourers using specialised equipment. The civic body has reiterated that enforcement against unauthorised developments will continue to be intensified across Navi Mumbai to ensure compliance with planning regulations.Read more

04 Jul 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out a demolition drive against unauthorised constructions in the Belapur division as part of its ongoing enforcement against illegal developments. The action was undertaken under the directions of Municipal Commissioner Dr Kailas Shinde and supervised by Additional Commissioner (II) Dr Rahul Gethe and Deputy Commissioner Dr Amol Palwe. The demolition targeted two unauthorised structures in Agroli and Karave villages after notices issued under Section 54 of the Maharashtra Regional and Town Planning (MRTP) Act failed to secure voluntary compliance. The operation involved officials from the Belapur ward office, civic staff, police personnel and heavy equipment to remove the illegal constructions.Read more

04 Jul 2026

Cross-border real estate investment platform Raveum has introduced a fractional investment opportunity allowing Indian investors to participate in pre-vetted US commercial real estate with a minimum investment of USD 1,000. The launch comes amid continued depreciation of the Indian rupee, which touched a record low of nearly INR 97 against the US dollar in the past month. The platform aims to provide retail investors with access to dollar-denominated real estate assets through fractional ownership while facilitating property selection, remittance, taxation and regulatory compliance under India's Liberalised Remittance Scheme (LRS). The offering seeks to broaden access to an asset class traditionally dominated by institutional and high-net-worth investors.Read more

04 Jul 2026

The Union Cabinet has approved the construction of the 117.7-km Kanpur–Kabrai access-controlled greenfield highway in Uttar Pradesh at an estimated cost of INR 7,145.14 crore. The project, to be implemented by the National Highways Authority of India (NHAI) under the Build-Operate-Transfer (BOT-Toll) model, forms a key section of the Bhopal–Kanpur Economic Corridor. Designed for future six-laning, the highway is expected to significantly reduce travel time, strengthen freight movement, improve regional connectivity and support industrial growth across Uttar Pradesh and Madhya Pradesh.Read more

04 Jul 2026

CTP has expanded its logistics portfolio by opening an 11,500 sqm distribution centre at CTPark Ceska Lípa in the Czech Republic for Saint-Gobain’s Sekurit Service. The new facility will serve as a central hub for distributing replacement auto glass across Europe, helping improve delivery efficiency and reduce supply times. The development strengthens CTP's presence in the European logistics real estate market while supporting Saint-Gobain's supply chain with better connectivity to manufacturing sites, warehouses and key automotive markets across the region.Read more

04 Jul 2026

Wheels India Ltd plans to invest around INR 300 crore during FY27 to expand its presence across the tractor, wind energy, hydraulic cylinder and air suspension businesses. Speaking at the company's 67th Annual General Meeting, Chairman and Managing Director Srivats Ram said the air suspension segment recorded strong double-digit growth in FY26, supported by higher electric vehicle (EV) adoption, fleet modernisation, intercity transport expansion and increased demand for air-conditioned sleeper buses. The company also expects continued momentum in its car wheels business and remains optimistic about growth in wind energy components despite concerns over commodity price inflation linked to geopolitical tensions in West Asia.Read more

04 Jul 2026

AISIN Automotive Haryana Private Limited, the Indian arm of Japan's AISIN Corporation, has leased more than 9 lakh sq. ft. of built-up space at Inspira Realty's Inspira City industrial and warehousing park in Shendra MIDC, Chhatrapati Sambhaji Nagar. Alongside the lease transaction, the company has registered land within the 232-acre industrial park to support its long-term expansion in India. The deal represents the second-largest transaction completed at Inspira City and adds another Japanese manufacturer to the development. The facility will become AISIN's third manufacturing plant in India, strengthening its domestic production network while reinforcing Inspira City's position as a preferred destination for automotive and advanced manufacturing investments.Read more