51 minutes ago

• Road infrastructure in Kodagu is set for an upgrade with an approved allocation of INR 22 crore under the Central Road Fund.
• The funding will support the development and strengthening of key road stretches across the district.
• Improved connectivity is expected to benefit residents, tourism, agriculture and local businesses by enhancing transportation efficiency.
• The investment reflects continued efforts to improve infrastructure in hilly regions vulnerable to weather-related road damage.Read more

1 hour ago

• The Central government has approved INR 15 crore for three road improvement projects in the Belagavi constituency.
• The sanctioned funds will be utilised to strengthen and rehabilitate damaged stretches, enhancing connectivity and commuter safety.
• The projects are expected to improve transportation links for local communities while supporting regional economic activity.
• The approval reflects continued investment in upgrading critical road infrastructure across Karnataka.Read more

2 hours ago

Anthurium, a mixed-use commercial development by Sundream Group in Sector 73, Noida, has recorded growing occupancy and retail activity, with more than 300 operational offices and the presence of several national food and beverage brands. Spread across nearly five acres, the project combines office spaces, retail outlets, restaurants and lifestyle amenities within a single development. Located in Central Noida, the project benefits from connectivity to the Sector 52 Metro Station, the FNG Corridor and the DND Flyway. The development reflects the increasing preference for integrated commercial destinations that combine workspaces, retail offerings and leisure facilities in rapidly growing urban markets.Read more

3 hours ago

A California businessman has been charged with bank fraud in connection with an alleged scheme that prosecutors say misled Western Alliance Bancorp into providing nearly USD 100 million in financing. Authorities claim falsified title insurance policies were used to inflate the value of collateral backing real estate-related loans, allowing additional borrowing. The criminal case is linked to a civil lawsuit filed by the bank last year seeking recovery of USD 98.6 million. While the lender has not reported a loss so far, the case has drawn attention due to its connection with a broader investigation involving real estate lending activities.Read more

4 hours ago

The Union Cabinet has approved office and residential infrastructure projects worth INR 2,533 crore for Central government employees in Amaravati, Andhra Pradesh. The approved package includes integrated office complexes and housing facilities for various Central government departments planned in the capital city. The decision aims to provide permanent administrative infrastructure and residential accommodation for government staff while supporting the ongoing development of Amaravati as Andhra Pradesh’s planned capital and strengthening the city’s institutional and urban framework.Read more

Mumbai News Desk

5 hours ago

• Mobile connectivity has begun rolling out on Mumbai Metro Line 3’s underground Aqua Line after months of delays caused by disputes over telecom infrastructure deployment.
• Airtel and Vodafone Idea have started activating services across sections of the 33.5-km corridor linking Aarey JVLR and Acharya Atre Chowk, Worli.
• The rollout follows agreements with MMRCL to install network infrastructure within stations and tunnels.
• Coverage will be expanded in phases, improving connectivity for commuters travelling on the underground route.Read more

6 hours ago

Interior My Room by Rawat has launched its third studio in Kharadi, Pune, expanding its retail and customer engagement network in one of the city’s key residential and commercial corridors. The company, which specialises in customised furniture and interior solutions, has delivered more than 10,000 modular kitchens and over 1 crore sq ft of furniture since its inception. The new studio complements its existing facilities in Bavdhan and on the Pune–Bengaluru Highway, where it also operates a 1 lakh sq ft manufacturing unit. The expansion comes as demand for customised interiors and modular furniture continues to grow across residential developments in Pune and other urban markets.Read more

6 hours ago

Amaravati is set to strengthen its education ecosystem with the addition of a new campus by Global Indian International School (GIIS). The school operator, GIIS K12 Education Private Limited, has signed an agreement with the Andhra Pradesh Capital Region Development Authority (AP CRDA) to establish the institution in the capital city. A 4-acre land parcel has been allotted in Sakhamuru village of Tullur mandal for the project. The proposed campus is expected to offer modern educational facilities, improve access to quality schooling in the region and contribute to local employment generation.Read more

7 hours ago

Australia's second-largest lender, Westpac, has reported a decline in mortgage demand following the federal government's recent tax policy changes targeting property investors. The bank said overall mortgage applications have fallen by 10%, while investor loan applications have dropped by 20% since the measures were announced in the federal Budget. The policy changes include restrictions on negative gearing and reforms to capital gains taxation, which are expected to influence investor behaviour and slow housing credit growth. Westpac believes the measures could further moderate activity in Australia's residential property market over the coming years.Read more

Gurugram News Desk

7 hours ago

• Haryana Police’s Economic Offences Wing (EOW) has arrested a man in connection with an alleged housing scam that reportedly affected 242 homebuyers in Gurugram.
• The accused and his associates allegedly collected money from buyers by promising flats in a proposed housing society in Sector 55 but failed to provide possession.
• One complainant's family reportedly paid around INR 37.5 lakh over several years after being assured of a flat in the project.
• Investigators said construction work stopped years ago, while buyers neither received homes nor refunds.
• The probe is continuing to trace funds, examine the role of other accused individuals and determine the full extent of the alleged fraud.Read more

8 hours ago

• GPS Renewables has raised INR 635 crore through a Series C funding round comprising INR 125 crore in equity funding and strategic investments under its asset platform, Arya.
• The fresh capital will be used to strengthen the company's balance sheet, expand its compressed biogas (CBG) project pipeline, and support investments in ongoing and upcoming projects.
• The company currently has more than 30 operational or near-complete projects and visibility on over 200 CBG projects being developed with oil marketing companies.
• GPS Renewables recently secured an EPC contract from NTPC Limited to develop India's first Ethanol-to-Jet (ETJ) Sustainable Aviation Fuel plant.
• The Bengaluru-based renewable energy company reported annual revenue of around INR 1,000 crore and continues to expand its presence across India's bioenergy and clean fuel sectors.Read more

8 hours ago

A court in the Italian city of Milan has upheld an earlier decision placing the Italian arm of US-based Caddell Construction under judicial control amid an ongoing labour exploitation investigation at the US consulate construction site. Prosecutors had earlier introduced emergency measures after allegations that workers recruited from India were subjected to long shifts, low wages, unsafe conditions, and threats of dismissal. The ruling noted possible systemic practices rather than isolated cases. The company has stated that it is cooperating with authorities while oversight and compliance checks continue alongside legal proceedings.Read more

9 hours ago

Real estate developers and property companies are showing growing interest in AI-powered voice solutions as they seek to improve customer engagement, accelerate lead response times and streamline communication processes, according to Girikon.AI. The company said businesses are increasingly exploring conversational AI technologies to manage rising enquiry volumes and deliver more consistent customer experiences. AI-driven voice platforms are being used to automate routine interactions, qualify leads, schedule site visits and support multilingual communication. The trend reflects a broader digital transformation within the real estate sector, where customer experience and response speed are becoming important factors in lead conversion and sales performance.Read more

9 hours ago

Anaplan has introduced a suite of artificial intelligence-powered planning solutions in India, including Anaplan CoModeler, Custom Analyst and Agent Studio, alongside 12 new enterprise applications designed for finance, supply chain, sales, IT and human resources functions. Announced in Mumbai, the rollout aims to help organisations move away from disconnected planning systems by integrating operational and financial decision-making on a unified platform. The company said the new offerings combine large language model capabilities with deterministic planning and analytics tools to provide traceable and auditable business insights. The launch comes as Indian enterprises accelerate AI adoption and seek tools that can improve forecasting, resource allocation, financial planning and operational efficiency across multiple business functions.Read more

10 hours ago

The Navi Mumbai Municipal Corporation (NMMC) conducted a special cleanliness drive at several railway stations across the city, removing around 1.5 tonnes of waste as part of a week-long sanitation campaign organised to mark World Environment Day. The exercise covered Turbhe, Ghansoli, Vashi, Nerul, Digha and Rabale railway stations and adjoining areas, with more than 125 sanitation workers participating in the operation. The civic body said the initiative was undertaken to maintain cleanliness standards at high-footfall public locations and to preserve Navi Mumbai’s standing among India’s cleanest cities. NMMC has also written to CIDCO seeking the transfer of maintenance responsibilities for 11 railway stations within its jurisdiction.Read more

10 hours ago

• Tiruchirappalli is set to get its second SIPCOT industrial park with a new industrial estate planned at Thiruverumbur.
• The project is expected to attract engineering and manufacturing investments while generating employment opportunities in the region.
• SIPCOT has begun investor outreach and notified the industrial park as part of Tamil Nadu’s industrial expansion strategy.
• The development will strengthen Trichy’s position as a key engineering and manufacturing hub in the state.
• Improved infrastructure and connectivity are expected to support industrial growth and future investments.Read more

11 hours ago

Mumbai has been ranked among the world’s leading financial services talent centres in Colliers’ Global Financial Services Markets 2026 report, which analysed more than 200 markets globally. The city was classified as India’s primary financial services Global Centre and placed among the top global hubs alongside New York City, London, Singapore, Beijing, Shanghai, Hong Kong and Tokyo. The report highlights Mumbai’s strong labour market, sizeable talent pool and concentration of financial services headquarters. India also featured prominently across the rankings, with Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune emerging as key financial services talent destinations, reflecting the country’s growing role in global banking, financial technology and business operations.Read more

11 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Gram Sabha in Velagapudi village as part of ongoing land acquisition activities for the development of Amaravati, the state's capital city. Senior APCRDA officials informed villagers that farmers whose lands were included in the recent acquisition notification still have an opportunity to join the Land Pooling Scheme within the prescribed timeline. The authority also addressed concerns related to village infrastructure, including drinking water and street lighting, while highlighting the progress of development works in returnable plot layouts and other capital region projects.Read more

12 hours ago

Direct-to-consumer nutrition and sports supplement brand BeastLife has reported a turnover of INR 105 crore for FY26 and is targeting INR 250 crore in revenue during FY27. The Gurugram-based company recently achieved net monthly sales of INR 20 crore, exceeding its internal target of INR 15 crore and taking its annual revenue run rate to around INR 240 crore. Founded in 2024 by fitness influencer Gaurav Taneja and former Mamaearth executive Raj Vikram Gupta, the company has also become EBITDA positive within two years of operations. To support future growth, BeastLife plans to expand through offline retail partnerships, branded cafés, vending machine networks and continued investment in product development following a recent INR 20 crore funding round.Read more

13 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more

14 hours ago

Samsung Electronics is reportedly considering setting up an advanced semiconductor packaging facility in Gwangju, South Korea, as demand for AI-related chips continues to grow. The proposed investment is expected to be discussed at an upcoming meeting between South Korea’s president and the heads of major business groups. The development comes as advanced chip packaging becomes increasingly important for AI applications, particularly high-bandwidth memory (HBM) chips. Separately, SK Hynix is also evaluating a new packaging facility in the country’s southwestern region, highlighting growing investment interest in semiconductor infrastructure linked to the expanding AI ecosystem.Read more

15 hours ago

Tribeca Developers and Tejukaya organised an exclusive five-day New York programme for their top-performing channel partners following the complete sell-out of Tower 1 at The Edge residential project in Parel, Mumbai. Branded as the ‘Edge Elite USA Voyage 2026’, the initiative was designed to recognise channel partner contributions to the project's launch success while providing exposure to global luxury real estate, hospitality and branded residential developments. The programme included visits to major New York landmarks, luxury hospitality experiences and an exclusive visit to Trump Tower. The developers said the initiative also served as a platform to strengthen industry relationships and deepen engagement with channel partners involved in the luxury housing segment.Read more

16 hours ago

Taylor Wimpey España has launched Infinity, a €64 million residential development comprising 79 homes in Paguera, Mallorca, as Spain’s housing market records its strongest sales activity in nearly two decades. Located in southwest Mallorca, the project will feature apartments and penthouses with sea views across the Malgrats Islands and is scheduled for completion in October 2028. The launch comes as Spain’s residential market continues to expand, with new-build sales rising 13.3% in 2025 and average property prices reaching a record €2,284 per sq m after a 9.5% annual increase. International buyers accounted for 13.82% of all housing purchases last year, with British buyers remaining the largest overseas buyer group.Read more

17 hours ago

DesignCafe and HomeLane have announced that DesignCafe Co-founder Shezan Bhojani will step down from his operating role to pursue a new entrepreneurial venture. The transition comes as DesignCafe reports significant growth following its integration with HomeLane, including a 30 per cent increase in business, expansion of its retail network from 15 to 23 stores within 18 months, and improvements in profitability. The company is targeting 40 per cent year-on-year growth during the current financial year and plans to open 11 additional stores. DesignCafe will continue to be led by Co-founder and CEO Gita Ramanan, supported by an established leadership team, as the company advances its long-term growth and IPO plans.Read more

18 hours ago

Divyansh Group has announced plans to invest INR 300 crore in a new residential development in Hapur, marking its entry into the city’s housing market. The project will introduce Hapur’s first residential development built using Mivan construction technology and will feature high-rise towers rising up to G+27 floors. Positioned in the affordable luxury segment, the project will offer 3 BHK and 4 BHK apartments ranging from 1,880 sq ft to 2,435 sq ft. The investment comes amid increasing residential demand in emerging National Capital Region (NCR) markets, where improving infrastructure and connectivity are attracting homebuyers seeking larger homes outside established NCR locations.Read more

19 hours ago

Navi Mumbai Mayor Sujata Patil conducted a review of the water supply situation in Ghansoli, Airoli and Digha following the restoration of services after a three-day shutdown. While complaints regarding muddy water have reduced significantly, the mayor inspected water samples collected from households and interacted with residents and elected representatives to assess supply quality. Concerns were raised regarding water supplied by MIDC, ageing pipelines in gaothan and slum areas, and water wastage across the city. Patil suggested regular testing of MIDC water and the establishment of a dedicated water treatment facility in Digha. She also urged citizens to conserve water as Morbe Dam's storage level has fallen to 14.94 per cent and directed action against unauthorised use of potable water at construction sites.Read more

20 hours ago

Chennai-based developer Navin’s has launched ‘Brick by Brick’, a podcast series on ZEE5 aimed at helping homebuyers better understand the residential property purchase process. Premiering on June 5, 2026, with new episodes scheduled every Friday, the series features conversations with senior company executives covering topics such as project planning, customer experience, construction quality, location selection, builder credibility and long-term value creation. The initiative seeks to provide practical guidance to prospective homebuyers and address key considerations involved in purchasing a home. The teaser for the series was released on May 29, 2026, ahead of the official launch.Read more

21 hours ago

The Navi Mumbai Municipal Corporation (NMMC) highlighted the role of textile waste recycling in promoting environmental sustainability and women's empowerment during a World Environment Day programme held at the Textile Recovery Facility (TRF) in CBD Belapur. The facility, established through a partnership involving the Ministry of Textiles' Textile Committee, NMMC, Tisser Artisan Trust, IDH and SBI Foundation, focuses on recycling discarded textiles into usable products while creating livelihood opportunities for women. Municipal Commissioner Dr Kailas Shinde said the initiative demonstrates how circular economy practices can help address fabric waste, develop new skills among women and generate employment. The event also brought together government officials, industry representatives and self-help groups to discuss sustainable livelihood opportunities linked to textile recycling.Read more

13 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has undertaken a city-wide awareness campaign to educate residents, housing societies and institutions about the Solid Waste Management Rules 2026, which came into effect on 1 April 2026. As part of activities organised around World Environment Day, civic teams conducted outreach programmes between 5 and 11 June across residential societies and colonies in all eight ward office jurisdictions. The campaign focused on waste segregation at source, mandatory disposal practices and compliance requirements under the new regulations. Officials also highlighted the obligation for bulk waste generators producing more than 100 kg of waste per day to establish on-site waste processing facilities. The initiative forms part of NMMC's efforts to improve waste management practices and strengthen citizen participation in environmental sustainability programmes across the city.Read more

13 Jun 2026

• The proposed Thane Metro alignment is drawing criticism from stakeholders, urban planning experts and industry representatives who have raised concerns over its route design and potential impact on existing infrastructure.
• Critics argue that the current alignment could affect mobility, industrial activity and long-term urban development objectives in key areas of Thane.
• The controversy has sparked wider debate over planning priorities, with stakeholders calling for greater scrutiny of the corridor’s alignment and its implications for the city's growth.Read more

13 Jun 2026

APCRDA recently conducted a Gram Sabha in Nidamarru village as part of the land acquisition process for the development of Amaravati. Senior officials interacted with villagers and explained the ongoing land pooling and acquisition procedures. Farmers were informed that those covered under the recent land acquisition notification could still opt for the Land Pooling Scheme within the prescribed timeline. Residents also raised concerns regarding Section 22-A lands, illegal soil transportation, and traffic movement linked to construction activities. APCRDA assured villagers that their grievances would be examined while reiterating its commitment to infrastructure development across the Capital Region.Read more

13 Jun 2026

Develia SA has announced that its joint venture has acquired a property in Warsaw for PLN 18.3 million net as part of its ongoing residential development strategy. The acquired land is planned for a new housing project comprising approximately 158 residential units and two commercial units. According to the company, sales for the development are expected to begin in the first quarter of 2027. The transaction reflects continued investment activity in Warsaw's residential market, where developers remain focused on expanding housing supply amid sustained demand for new homes.Read more

13 Jun 2026

A USD 500 million artificial intelligence roadmap for Pune was unveiled at SHAKTI Summit 2026, organised by the Hindu Economic Forum (HEF) Pune District Chapter at the Pune International Centre. The initiative seeks to position Pune as a global hub for applied AI through investments in computing infrastructure, talent development and industry-focused solutions. The summit also showcased ISACA, an indigenous autonomous surface craft developed for defence, naval and rescue applications. Attended by Maharashtra Governor Jishnu Dev Varma, the event focused on strategic sectors including defence, aerospace, artificial intelligence, technology, infrastructure and venture capital, while outlining plans to strengthen domestic innovation, industrial growth and technological self-reliance.Read more

13 Jun 2026

Australian equities ended lower for a third consecutive session as weakness in mining and gold stocks weighed on the broader market. Falling iron ore prices and concerns over subdued steel demand in China pressured major resource companies, leading the benchmark index to close in negative territory despite a late recovery. Gains in consumer staples, real estate and healthcare stocks helped limit losses. Investors also remained focused on the outlook for interest rates, with markets increasingly expecting the Reserve Bank of Australia to keep rates unchanged in the near term. Meanwhile, New Zealand equities recorded their strongest session in about three weeks.Read more

13 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has carried out an intensive cleanliness drive along the Sion–Panvel Highway as part of a citywide sanitation campaign organised to mark World Environment Day. Conducted between June 6 and June 10, the initiative covered key stretches of the highway passing through the municipal area, including Konkan Bhavan Circle, Uran Phata, LP Junction, Shiravane Phata, Juinagar Station and Vashi. A total of 148 sanitation workers participated in the operation, removing around 2.5 tonnes of waste and accumulated soil. The campaign forms part of NMMC’s broader special cleanliness programme running from June 5 to June 12, which focuses on high-footfall locations, neglected public spaces, railway stations, water bodies and informal settlements across the city.Read more

13 Jun 2026

Albanian Prime Minister Edi Rama has reaffirmed his government's commitment to a proposed luxury resort development linked to Jared Kushner, despite growing protests over its potential impact on the Vjosa-Narta protected area along the country's southern coast. The project, backed by Kushner's investment firm Affinity Partners, forms part of a broader investment programme that could be worth up to EUR 5 billion. Demonstrators have opposed the development, citing concerns over risks to wetlands that support flamingoes, seals and sea turtle nesting sites. While an environmental impact assessment is yet to be completed, Rama has defended the project as a key component of Albania's modernisation strategy and has pledged that wildlife and ecological interests will be protected during the development process.Read more

13 Jun 2026

The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% has been welcomed by real estate developers, who believe the move will support stability across both residential and commercial property markets. Industry stakeholders said the continuation of the current interest rate environment provides greater visibility on borrowing costs, helping homebuyers, developers, businesses and institutional investors make long-term decisions with confidence. Developers noted that stable financing conditions are expected to sustain housing demand, support project execution and encourage investment activity in office, retail and mixed-use developments. The policy decision comes amid global economic uncertainty, geopolitical tensions and fluctuating commodity prices, with industry participants viewing the RBI’s neutral stance as a measure that balances growth considerations with macroeconomic stability.Read more

13 Jun 2026

• AM/NS India and IIT Roorkee have signed a strategic Memorandum of Understanding (MoU) to strengthen collaboration in steel technology, advanced manufacturing, research and innovation.
• The partnership will focus on joint research projects, industry-academia knowledge exchange, skill development programmes and technology-led solutions for the steel sector.
• Both institutions aim to accelerate innovation, support future-ready talent development and contribute to the advancement of sustainable and high-performance manufacturing technologies in India.Read more

13 Jun 2026

Dubai-based developer Emaar Properties has announced a new USD 55 billion mixed-use development in Dubai, marking one of the company's largest projects to date. The master-planned urban district is expected to accommodate around 150,000 residents and will feature residential towers, villas, office spaces and retail destinations spread across 4.5 million square metres. The announcement comes as Dubai's property market continues to attract global investors despite recent regional uncertainties. The project further reinforces Emaar's long-term confidence in Dubai's real estate sector, which recorded its strongest-ever performance in 2025 with transaction values reaching nearly USD 250 billion.Read more

Ludhiana News Desk

13 Jun 2026

• Ludhiana Municipal Corporation has demolished two illegal colonies as part of its ongoing drive against unauthorised developments across the city.
• The action is aimed at curbing illegal plotting and ensuring that residential projects comply with approved urban planning norms and regulations.
• The demolition follows several enforcement drives carried out by the Municipal Corporation and GLADA against illegal colonies, buildings and unauthorised infrastructure.
• Authorities have warned colonisers against developing land without approvals and advised homebuyers to verify project permissions before purchasing plots.
• The crackdown reflects increasing efforts to promote planned urban development and prevent the growth of unapproved residential colonies in Ludhiana.Read more

13 Jun 2026

Terra Grande by Eldeco has announced a multi-location expansion across Himachal Pradesh and Uttarakhand following the complete sell-out of Phase I of its luxury second-home development in Sirmaur, Himachal Pradesh. The company plans to develop more than 100 residences across five projects spread over approximately 61.5 acres, including developments in Sirmaur, Solan and Narendra Nagar near Rishikesh. The expansion follows the sale of 39 villas in the first phase of its Sirmaur project, where homes were priced between INR 8 crore and INR 10 crore. The company is preparing the second phase of the Sirmaur development while adding three new projects to its pipeline, reflecting growing activity in the luxury second-home segment across mountain and wellness destinations in northern India.Read more

13 Jun 2026

Chief Justice of India Surya Kant has called for strengthening alternative dispute resolution (ADR) mechanisms to support the growing economic relationship between India and the United Kingdom following the conclusion of the bilateral Free Trade Agreement (FTA). Speaking at the fourth edition of the International Conference on “Arbitrating Indo-UK Commercial Disputes” in London, he said the FTA is expected to increase bilateral trade by approximately USD 34 billion annually in the coming years. He emphasised that robust arbitration and mediation systems are essential to converting commercial confidence into practical business outcomes. Justice Kant also advocated joint arbitrator training programmes, affordable dispute resolution processes and stronger integration of mediation and arbitration to ensure accessibility for businesses of all sizes.Read more

13 Jun 2026

Krisala Developers and Hiranandani Communities planted 1,045 trees in one minute at their integrated township in North Hinjawadi, Pune, as part of the NAREDCO Pune Urban Forest Initiative on World Environment Day. The plantation drive brought together more than 1,000 participants, including government officials, industry leaders, developers, environmental advocates and residents. The initiative aims to strengthen the township’s ecological infrastructure and enhance urban green cover. In collaboration with TERI, the developers have also established a framework to monitor environmental indicators such as carbon sequestration, biodiversity, air quality and thermal comfort, enabling the long-term assessment of the project's sustainability impact.Read more

13 Jun 2026

• A state infrastructure committee has approved transport projects worth INR 22,611 crore across the Mumbai Metropolitan Region (MMR), including a major tunnel corridor, bridge infrastructure and Metro network expansion.
• Key approvals include the Ghodbunder–Bhayandar tunnel project and the extension of Navi Mumbai Metro services to improve regional mobility and reduce travel time across fast-growing urban corridors.
• The projects are aimed at addressing chronic traffic congestion, strengthening airport connectivity and supporting long-term economic growth across Mumbai, Thane, Mira-Bhayandar and Navi Mumbai.Read more

13 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has invited applications from eligible organisations and associations for the nomination of members to the Navi Mumbai Town Vending Committee under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. The nominations are being sought under provisions of the Maharashtra Street Vendors Rules, 2016 for representatives from non-governmental organisations, community-based organisations, resident welfare associations, traders' associations and marketing associations. Applications must be submitted within 15 days from 11 June 2026. The committee plays a key role in implementing policies related to street vending, regulating vending activities and protecting the livelihoods of street vendors. Interested organisations are required to fulfil prescribed eligibility criteria, including registration status, operational experience and compliance with legal and financial requirements.Read more

13 Jun 2026

Vertex Group has launched DK Vertex, a smart co-working and business services platform backed by an investment of INR 300 crore, targeting startups, entrepreneurs and growing businesses across India. The platform debuts with over 10,000 seats across seven facilities spanning one million sq ft in Delhi-NCR, Bengaluru and Mumbai. Positioned as an integrated workspace ecosystem, DK Vertex combines office infrastructure with services such as IT support, information security, payroll, hiring, analytics and business networking. The launch comes amid rapid growth in India’s flexible workspace market, which is projected to expand significantly over the next decade, driven by increasing demand from startups and technology-led enterprises seeking scalable and service-oriented work environments.Read more

13 Jun 2026

APCRDA held a Gram Sabha in Undavalli village to discuss land acquisition and land pooling for the Amaravati Capital City project. Commissioner V. Vijayarama Raju informed residents that farmers whose lands are part of the recent acquisition notification can still opt for the Land Pooling Scheme within the prescribed timeframe. He also addressed concerns related to assigned and Lanka lands and assured that they would be handled as per government guidelines. APCRDA said infrastructure development across Amaravati villages is progressing and appealed to farmers to continue supporting the capital development project.Read more

13 Jun 2026

Kerala-based sports technology startup Dartle has raised USD 100,000 in a seed funding round led by Inflection Point Ventures (IPV). The company, which provides a B2B SaaS platform for youth sports and football academies, plans to use the capital to strengthen its go-to-market strategy, expand in the United States, enhance AI capabilities and deepen partner engagement. Dartle currently serves 14 academies across India, the Middle East, Nepal and the US, while running eight paid pilots in the American market. The startup aims to onboard more than 100 academies globally over the next year and increase its annual recurring revenue to nearly USD 1 million, targeting a growing global market of sports academies seeking integrated operational and athlete management solutions.Read more

13 Jun 2026

The Amaravati Development Corporation (ADC) has directed officials to speed up floodwater drainage and complete the ongoing Palavagu modernisation works connecting Rayapudi and Krishnayapalem. During a field inspection across multiple locations in the capital region, ADC Chairperson and Managing Director D. Lakshmi Parthasarathy reviewed water flow conditions, desilting activities and drainage infrastructure. Officials and contractors were instructed to remove bottlenecks, install additional pipes where required and expedite pending works. ADC also warned agencies responsible for delays that legal action could be initiated if inadequate drainage disrupts water flow during heavy rainfall.Read more

13 Jun 2026

Simon Property Group has announced a new debt offering through one of its units, aimed at raising EUR 500 million from investors. The offering consists of unsecured notes carrying a fixed interest rate of 3.650% and maturing in 2031. The move forms part of the company's broader capital management strategy and provides access to funding through European debt markets. Simon Property Group, one of the world's largest retail real estate investment trusts (REITs), regularly uses bond issuances to support refinancing activities, strengthen liquidity and fund corporate requirements.Read more