20 minutes ago

Abu Dhabi National Oil Company said the UAE’s new oil pipeline connecting Abu Dhabi to Fujairah is around 50% complete. The project is intended to expand crude export capacity outside the Strait of Hormuz and strengthen energy supply routes amid continuing geopolitical tensions in the region. ADNOC stated that the pipeline forms part of the UAE’s broader strategy to diversify export infrastructure and improve direct access to the Gulf of Oman. The development comes as Gulf energy producers increase investments in alternative export corridors, storage facilities and logistics infrastructure to reduce dependence on Hormuz-linked shipping routes.Read more

22 May 2026

• Kerala’s new UDF government has decided to scrap the proposed SilverLine semi high-speed rail corridor project.
• The state cabinet has also decided to revoke land acquisition notifications and recommend withdrawal of cases filed against anti-project protesters.
• The project had faced prolonged opposition over land acquisition, environmental concerns and financial viability across multiple districts in Kerala.
• The proposed corridor was intended to improve north-south rail connectivity across the state through a dedicated semi high-speed network.Read more

22 May 2026

Karnataka Industrial Areas Development Board has expanded the Chamarajanagar industrial area with the acquisition of 838 acres of land to strengthen industrial infrastructure in the region. The expansion will support development of manufacturing units, logistics facilities and allied infrastructure under Karnataka’s industrial development framework. The move is aimed at improving land availability for industry and promoting decentralised industrial growth beyond established hubs such as Bengaluru. Officials said the additional land will enable structured planning, larger industrial clusters and long-term regional economic development in Chamarajanagar district.Read more

22 May 2026

JK Lakshmi Cement reported a 28.67% year-on-year decline in consolidated net profit for the quarter ended March 2026, with earnings falling to INR 125.06 crore amid rising expenditure despite stable revenue growth. The company’s revenue from operations remained largely flat at INR 1,901.53 crore during the quarter, while total expenses increased 5%. Sales volumes, however, rose 8.3% to 3.89 million tonnes, indicating stronger dispatch activity. For the full financial year FY26, the cement maker recorded a 49.52% rise in consolidated net profit to INR 412.61 crore, supported by a 10.2% increase in total income. The company also flagged geopolitical tensions in West Asia, rupee depreciation and supply chain disruptions as potential risks to government capital expenditure and cement demand growth in FY27.Read more

22 May 2026

• The Centre opposed new hydropower projects in the upper Ganga basin beyond seven ongoing projects in Uttarakhand.
• The government cited ecological and geological concerns in the Alaknanda and Bhagirathi river basins.
• Projects including Tehri Stage-II and Tapovan Vishnugad will continue with statutory clearances.
• The submissions were made in ongoing Supreme Court proceedings after the 2013 Kedarnath disaster.Read more

22 May 2026

• Signature Global Ltd has launched Prive Iconic Tower, a luxury residential development furnished by Armani/Casa, within its SG SPR Estate township in Gurugram.
• The standalone tower will comprise 72 four-bedroom residences with two apartments per floor, targeting low-density premium housing demand.
• The project is being developed in collaboration with SEETU Kohli Homes and forms part of the 125-acre Cloverdale township on Southern Peripheral Road.
• Signature Global expects to generate nearly INR 580 crore in revenue from the development.
• The company said the launch has witnessed strong initial response from high-net-worth individuals, business owners and senior professionals across North India.Read more

22 May 2026

South Africa-based Balwin Properties has received a formal acquisition proposal from Bidco to acquire all eligible issued shares in the company through a scheme of arrangement. The proposed transaction values each scheme share at ZAR 4.35 in cash. The offer was disclosed in a filing to the Johannesburg Stock Exchange (JSE), where the company confirmed receipt of a firm intention letter from Bidco. The development comes at a time when property companies in several global markets are witnessing consolidation amid changing market conditions, financing costs, and pressure on residential demand.Read more

22 May 2026

Airports Economic Regulatory Authority has fixed a User Development Fee (UDF) of INR 620 for departing domestic passengers and INR 1,225 for international passengers at Navi Mumbai International Airport. The regulator issued the order ahead of the airport’s planned operational launch, approving the tariff structure proposed for the greenfield airport being developed by Navi Mumbai International Airport Ltd. The UDF will form part of the airport’s revenue framework to support infrastructure development and operational costs. Navi Mumbai International Airport, being developed in phases near Mumbai, is intended to reduce congestion at Chhatrapati Shivaji Maharaj International Airport and strengthen aviation capacity across the Mumbai Metropolitan Region.Read more

22 May 2026

Tariq Premji, son of Azim Premji, has acquired a luxury penthouse in Whitefield, Bengaluru, for INR 45.71 crore, according to property registration documents cited in multiple media reports. The apartment is located in the 27 Summit residential project developed by Sterling Urban Developments Pvt. Ltd. and has a super built-up area of around 7,000 sq ft with five car parking spaces. The transaction was registered earlier this month, with stamp duty and registration charges of about INR 2.74 crore, adding to a series of high-value residential deals in Bengaluru’s premium housing market.Read more

22 May 2026

The Maharashtra government has expanded the notified area of the Kharbav Integrated Business Park from 10 villages to 44 villages across the Bhiwandi and Vasai regions, bringing an additional 34 revenue villages under a unified planning framework led by Mumbai Metropolitan Region Development Authority. The move is aimed at accelerating logistics, industrial, warehousing and commercial development in the Mumbai Metropolitan Region (MMR). The expanded business park is expected to support employment generation, infrastructure growth and investment activity while reducing development pressure on core Mumbai through planned economic expansion in emerging growth corridors.Read more

22 May 2026

Rental prices in Ireland recorded a significant increase of 4.4% in the first quarter compared to the previous three months, marking the steepest quarterly rise since data tracking began in 2002. The increase comes after recent changes to the country’s rent control system, which appear to have allowed landlords to reset rents to market levels at the end of tenancies. Annual rents were 7.8% higher at the end of March and remain far above pre-pandemic levels. Supply constraints continue, even as listings rise in several cities following the regulatory update.Read more

22 May 2026

• The Supreme Court has granted interim relief to Bharat Hotels in its dispute with NDMC over The Lalit New Delhi property.
• The apex court directed both parties to maintain status quo, stopping immediate action against the hotel property.
• The dispute relates to termination of the land licence agreement and recovery of over INR 1,063 crore in alleged dues.
• The Delhi High Court had recently upheld NDMC’s decision to end the licence agreement with Bharat Hotels.
• The case is being closely watched by the hospitality and real estate sectors due to its possible impact on long-term government land lease agreements.Read more

22 May 2026

The Andhra Pradesh government has approved the allotment of 854.97 acres in Vizianagaram district to Reliance Industries for the development of a giga-scale artificial intelligence data centre and cable landing station project with a proposed investment of INR 1.08 lakh crore. The land has been allotted at a 25% discounted rate, according to a government order issued on Wednesday. The project site spans Polipalli, Bhogapuram West and Bhogapuram East villages, identified by the Andhra Pradesh Industrial and Infrastructure Corporation. Alongside the land allotment, the state government approved multiple fiscal and non-fiscal incentives, including subsidies, exemptions and waivers, for the proposed development. Authorities have also been directed to identify an additional acre for the cable landing station component of the project.Read more

22 May 2026

IRB Infrastructure Developers reported a 38% year-on-year increase in consolidated net profit for the quarter ended March 2026, with earnings rising to INR 296.25 crore despite a decline in operational income. The company’s total income from operations fell to INR 1,976 crore during the quarter, while expenses reduced significantly to INR 1,571 crore, supporting profitability growth. During FY26, the company recorded toll revenue of INR 8,323 crore, marking a 12% increase over the previous year. IRB also confirmed the operationalisation of the Ganga Expressway, resulting in all major projects within its portfolio becoming revenue-generating assets. Separately, the group’s private InvIT associate proposed transferring two assets in Maharashtra and Gujarat to the public IRB InvIT Fund through a non-binding offer valued at INR 4,663 crore.Read more

22 May 2026

The Insolvency and Bankruptcy Board of India has issued fresh guidelines for the empanelment of insolvency professionals to speed up appointments in corporate insolvency and bankruptcy proceedings under the Insolvency and Bankruptcy Code. The revised framework introduces stricter eligibility disclosures, mandatory consent provisions and penalties for refusal of assignments after empanelment. Insolvency professionals seeking inclusion in the panel must submit expressions of interest by June 19, 2026, while the final list is scheduled to be shared with adjudicating authorities by June 30. The regulator has also directed applicants to disclose sectoral experience to facilitate specialised handling of insolvency cases. The move is aimed at reducing delays in the appointment of interim resolution professionals, liquidators, resolution professionals and bankruptcy trustees across insolvency proceedings.Read more

22 May 2026

Rubics Realty has outlined an expansion pipeline for 2026-27 with three luxury residential projects planned across Sion, Dadar and Worli in Mumbai, along with its first premium hospitality venture in Goa. The developer is focusing on the luxury and ultra-luxury housing segments as demand for premium homes in Mumbai continues to remain strong. The projects are expected to include large-format residences with a design-led approach centred on lifestyle and architecture. The company is also exploring strategic land acquisitions on the outskirts of Mumbai to strengthen its future development pipeline and expand its presence across emerging residential corridors.Read more

22 May 2026

BriQ Properties REIC reported a rise in net profit for the first quarter, supported by stable operating performance and steady earnings from its property portfolio. The company’s net profit increased to EUR 3.6 million from EUR 3 million in the corresponding period last year, while EBITDA also saw a marginal rise to EUR 4.6 million. Rental income remained largely stable at EUR 5.3 million compared to EUR 5.4 million a year ago. The latest quarterly performance reflects continued resilience in the company’s income-generating real estate assets despite slight pressure on rental revenue.Read more

22 May 2026

Sindhudurg district in Maharashtra is set to become a new marine tourism hub with the development of India’s first underwater museum and submarine tourism project near Nivati Rocks along the Konkan coast. The project includes the submerged decommissioned naval warship Ex-INS Guldar, which will function as an underwater museum and artificial reef. Backed by central and state government funding, the initiative aims to boost adventure tourism, scuba diving and marine activities in the region. Officials expect the project to generate employment opportunities for local communities while promoting sustainable tourism and marine biodiversity conservation.Read more

22 May 2026

Indian Hotels Company Limited has announced the signing of a 55-key brownfield Tree of Life resort in Wayanad, Kerala, expanding its presence in the state’s growing leisure hospitality market. The project marks the entry of the Tree of Life brand into Kerala and is being developed in partnership with Saeed Edavankandy. IHCL said the move aligns with its strategy to strengthen its footprint in high-potential tourism destinations across India. With this addition, IHCL’s portfolio in Kerala will increase to 23 hotels, including five properties that are currently under development.Read more

22 May 2026

Nitin Gadkari reviewed the progress and quality of maintenance work across 4,178 km of National Highway projects in Assam during a high-level meeting held on Wednesday. The review was initiated following feedback and concerns raised through media and social media platforms regarding highway conditions and project execution. During the meeting, the Union minister directed officials to accelerate implementation work, strengthen monitoring systems and adopt modern construction practices to improve road durability and ride quality. He also instructed authorities to undertake advance monsoon preparedness measures, including drainage strengthening, slope protection and rapid response systems, to minimise disruptions and improve commuter safety across critical highway corridors in the state.Read more

22 May 2026

Argosy Property Ltd has announced a fourth-quarter cash dividend of 1.6625 NZ cents per share for FY2026. The update was disclosed in a recent company filing and comes as the New Zealand-based property firm continues its regular shareholder payout cycle. The company has maintained a consistent dividend distribution approach over recent quarters amid changing market conditions and interest rate pressures affecting the broader real estate sector. Argosy Property is known for managing a diversified commercial property portfolio across New Zealand, including office, industrial and retail assets.Read more

22 May 2026

WeWork India Management Ltd reported a strong rise in quarterly earnings as demand for managed office spaces and flexible work centres continued to grow across major Indian cities. The company’s consolidated net profit increased 80 per cent to INR 65.55 crore during the March quarter, supported by higher income and steady expansion of its workspace portfolio. Revenue also saw healthy growth during the quarter. However, annual profit for FY26 declined compared to the previous financial year despite a rise in total income, reflecting operational and expansion-related pressures in the flexible office segment.Read more

22 May 2026

Cochin Shipyard Limited has signed an agreement to acquire a 5 per cent stake in Dehradun-based startup Maritech Integrated Maritime under its startup initiative, USHUS. The investment is part of CSL’s INR 50 crore innovation fund aimed at supporting technology-led startups in the maritime sector. Maritech has developed the Integrated Maritime Exchange (IME), a platform designed to connect maritime stakeholders and simplify logistics and port-related services. The initiative supports the government’s broader focus on digitalisation, indigenisation and innovation in India’s maritime and logistics ecosystem.Read more

22 May 2026

• Adani Ports and Special Economic Zone will acquire a 100 per cent stake in Jaypee Fertilizers & Industries Limited from Jaiprakash Associates Limited for INR 1,500 crore under the approved insolvency resolution plan.
• The acquisition includes control of Kanpur Fertilizers and Chemicals Limited, which owns around 243 acres of industrial and commercial land in Kanpur.
• APSEZ plans to develop a logistics park and warehousing facilities on the Kanpur land parcel to strengthen its North India logistics operations.
• The deal supports the company’s target of expanding its Multi-Modal Logistics Park network from 12 to 16 locations and increasing warehousing capacity fourfold by 2031.
• The NCLT approved the resolution plan earlier this year, while the NCLAT upheld the order earlier this month.Read more

22 May 2026

Bangladesh has approved a development budget of 3 trillion taka (around USD 24.59 billion) for the next fiscal year, marking an increase of more than 30 per cent over the current year’s allocation. The Annual Development Programme (ADP), cleared by the National Economic Council chaired by Prime Minister Tarique Rahman, will prioritise transport infrastructure, education, healthcare, agriculture, and climate-resilient growth initiatives. More than 63 per cent of the funding is expected to come from domestic resources, while the remainder will be sourced through foreign loans and grants. The approval comes amid concerns over Bangladesh’s external financing conditions following a recent outlook downgrade by Fitch Ratings and observations by the International Monetary Fund regarding data reliability.Read more

Delhi News Desk

22 May 2026

• The Municipal Corporation of Delhi has extended the deadline for flattening the Okhla landfill for the fifth time.
• The revised timeline now pushes the expected completion to October 2026.
• The delay is mainly due to slow biomining progress and limited processing capacity of legacy waste.
• Operational challenges and seasonal disruptions, including monsoon impact, have also affected the pace of work.
• The landfill remains part of Delhi’s ongoing waste remediation programme across major landfill sites.Read more

22 May 2026

• Embassy Developments posted a consolidated net loss of INR 872.47 crore in FY26 despite reporting strong residential sales growth.
• The company recorded pre-sales of nearly INR 4,631 crore during the financial year, driven by projects in Bengaluru.
• Several new housing projects, including Embassy Greenshore and Embassy Verde Phase II, saw strong customer response after launch.
• Embassy Developments continued focusing on debt reduction, collections improvement and expansion in Bengaluru and Mumbai markets.
• The company is also preparing for upcoming launches in Worli, Alibaug and north Bengaluru as part of its growth pipeline.Read more

22 May 2026

Expansion works at Adani Airport Holdings Ltd-operated Thiruvananthapuram International Airport have been delayed due to pending environmental clearances linked to terminal and infrastructure upgrades. The delay is reportedly tied to procedural issues following the expiry of Kerala’s State Environment Impact Assessment Authority committee, after which pending files were transferred to the Union environment ministry. The airport expansion forms part of Adani Airport Holdings’ broader redevelopment programme aimed at increasing passenger handling capacity and upgrading airport infrastructure under the public-private partnership model.Read more

22 May 2026

• Technopark has invited private developers for IT infrastructure development at Technocity in Thiruvananthapuram.
• The project is part of Phase IV expansion, focused on strengthening IT and IT-enabled services (ITeS) ecosystem.
• Government-owned, encumbrance-free land is being offered on a long-term lease for development.
• The plan supports rising demand from IT companies and Global Capability Centres (GCCs).
• Technocity is planned as an integrated IT township with office, residential, and commercial infrastructure.Read more

22 May 2026

Midwest Real Estate Data (MRED), one of the largest multiple listing service providers in the US, said it will suspend property listing data feeds to Zillow Group platforms, including Zillow.com and Trulia.com, over alleged violations of licensing agreements and platform rules. The company stated that Zillow was informed about the compliance deadline, which closes on May 19 at midnight CDT. MRED also said Zillow has filed a federal lawsuit but has not yet responded to its requests regarding compliance. The move could impact how property listings from MRED’s network appear across Zillow-operated platforms in key US housing markets.Read more

22 May 2026

• The Centre has introduced a revised framework under NMP 2.0 to streamline transfer and monetisation of surplus public land assets across government departments and CPSEs.
• The framework standardises land valuation, transfer and redevelopment norms while simplifying procedures for identification and monetisation of government land.
• Officials stated that around 3,400 acres of surplus land and nearly 235,000 acres held by CPSEs have been identified for monetisation, infrastructure development and non-tax revenue generation.Read more

22 May 2026

• U.S. home builder sentiment rose slightly in May, with the NAHB/Wells Fargo Housing Market Index increasing to 37 from 34 in April, though it remained below the neutral 50-mark for the 25th consecutive month.
• Higher mortgage rates, inflation and economic uncertainty linked to the Iran conflict continued to affect homebuyer demand and overall housing market activity.
• Builders continued offering discounts and incentives to support sales, with 32% reducing prices in May and 61% using sales incentives.
• Indicators tracking current sales conditions, future sales expectations and buyer traffic showed modest improvement during the month.
• The broader U.S. housing market remained weak, with existing home sales staying near crisis-era levels and building permit data pointing to uncertain future construction activity.Read more

22 May 2026

The Centre has indicated in-principle support for participating in Hyderabad Metro Phase II through a 50:50 cost-sharing arrangement with the Telangana government, according to statements made following a review meeting in New Delhi. The proposed second phase involves a 162-km metro expansion across multiple corridors in Hyderabad and is awaiting final approval from the Union government after submission of the Detailed Project Report and technical documents by the state. The development comes amid the Telangana government’s ongoing transition towards a government-led metro model following the proposed takeover of the existing metro operations from Larsen & Toubro. Alongside metro expansion discussions, the Centre also confirmed sanctions for 39 sewage treatment plants under the AMRUT 2.0 scheme aimed at improving the Musi River ecosystem and urban infrastructure in Hyderabad.Read more

22 May 2026

Arvind SmartSpaces reported a 13.22% decline in consolidated net profit for FY26, even as the company achieved its highest-ever annual bookings and expanded its residential pipeline across Bengaluru and Mumbai. Profit after tax stood at INR 103.41 crore compared to INR 119.16 crore in FY25, while total income also declined during the year. However, the company posted strong growth in the March quarter, with quarterly profit rising more than 102% year-on-year. The developer also approved fundraising plans of up to INR 300 crore through debt securities and recommended a final dividend of INR 2.25 per equity share.Read more

22 May 2026

• Stakeholders have raised urgent concerns over rising traffic congestion on the Neelambur–Madukkarai stretch of NH-544 in Coimbatore.
• The 27-km bypass remains a two-lane section despite adjoining NH-544 stretches already being expanded to six lanes, creating a major bottleneck.
• The corridor handles heavy interstate traffic between Kerala, Tamil Nadu and Karnataka, leading to frequent delays and safety risks.
• Industry representatives have urged faster widening and improved junction management, including flyovers and grade separators.
• Land availability for expansion has been highlighted as not being a constraint.Read more

22 May 2026

• Aditya Birla Real Estate said its unit achieved sales bookings worth INR 1,007 crore at the Birla Taranya residential project in Thane.
• The project performance reflects continued demand for premium and upper mid-income housing in the Mumbai Metropolitan Region.
• Thane has remained a strong residential market due to improving infrastructure, connectivity, and growing end-user demand.
• The company has been expanding its residential portfolio across major cities including Mumbai, Bengaluru, Pune, and NCR.
• The latest bookings come as branded developers continue to benefit from steady housing demand and consolidation in the real estate sector.Read more

22 May 2026

• IndiQube Spaces reported a net loss of INR 106.34 crore in FY26 despite growth in revenue and office portfolio.
• The company’s total income increased to INR 1,527.51 crore during the financial year.
• IndiQube expanded its presence to 17 cities with 130 properties and over 9.66 million sq ft under management.
• Seat capacity rose to around 2.15 lakh seats, while occupancy remained stable at 88%.
• The company also reduced leverage significantly, with debt-to-equity ratio improving to 0.08 from 0.9 in FY25.Read more

22 May 2026

Mumbai Metro Rail Corporation Limited (MMRCL) has invited quotations for appointment of an agency to undertake an underground utility survey for the revised alignment of the Mumbai Metro Line 11 extension between Bandra Terminus and Anik Depot. The scope includes Ground Penetration Radar-based mapping of underground pipelines, sewer networks, power cables, telecom ducts and other utility infrastructure along the proposed corridor. The selected consultant will prepare utility maps, AutoCAD drawings, survey reports and stakeholder reference data within a one-month timeline. The survey forms part of planning and pre-construction activities for the proposed Metro Line 11 extension corridor aimed at strengthening Mumbai’s metro connectivity network.Read more

22 May 2026

• Maharashtra has signed MoUs worth INR 6.5 lakh crore with four companies for nuclear energy projects across the state.
• The agreements were executed with NTPC, Adani Power, Reliance Industries and Lalitpur Power Generation Company at Mantralaya, Mumbai.
• The proposed projects are expected to generate nearly 25,400 MW of power capacity and create around 1,23,500 jobs.
• The state government said the investments align with long-term clean energy expansion and rising industrial power demand in Maharashtra.Read more

Delhi News Desk

22 May 2026

The government has announced a large-scale highway development plan worth over INR 34,000 crore for the Delhi-NCR region. The projects aim to improve road connectivity, reduce traffic congestion, and upgrade the transport infrastructure across key urban and suburban routes. The proposed works include expressways, ring roads, tunnels, and elevated corridors. According to Union Road Transport and Highways Minister Nitin Gadkari, the initiative is part of a broader push to modernise India’s highway network. The developments are expected to improve travel efficiency and strengthen regional connectivity across the national capital region.Read more

22 May 2026

• UP RERA has approved 13 real estate projects across eight districts in Uttar Pradesh.
• The total investment involved in these projects stands at INR 3,052.73 crore.
• The approved developments are expected to generate 4,772 residential and commercial units.
• Key districts include Ghaziabad, Noida, Lucknow, Agra, and other major urban centres.
• The authority has also advised homebuyers to use its online portal for verification, complaint tracking, and recovery certificate updates.Read more

21 May 2026

• Chandigarh administration has approved conversion of leasehold industrial and commercial properties into freehold ownership.
• The move is aimed at unlocking significant property value and improving liquidity in the real estate market.
• Property owners are expected to benefit from clearer ownership rights and easier transactions.
• The policy is also expected to support ease of doing business and improve utilisation of underused land parcels.
• The reform is seen as a step towards strengthening the region’s real estate framework and boosting investor confidence.Read more

Gurugram News Desk

21 May 2026

Authorities in Gurugram carried out a major demolition drive in Saraswati Kunj, Sector 53, along the Golf Course Road corridor, where around 850 illegal shanties were removed. The action was led by the Department of Town and Country Planning (DTCP) with police support as part of an ongoing enforcement campaign against unauthorised occupation on government-notified land. Officials confirmed that the structures violated land-use regulations and had been built without approvals. The operation was completed peacefully and forms part of continued efforts to reclaim and secure public land in the region.Read more

21 May 2026

• Capital Infra Trust has declared total distributions of INR 436 crore to unitholders during FY26, including INR 117.97 crore for the fourth quarter.
• The InvIT announced a quarterly distribution of INR 2.4 per unit, taking the full-year payout to INR 11.6 per unit.
• The trust reported total income of INR 920.18 crore and net profit of INR 210.51 crore during the last financial year.
• Assets under management increased 42 per cent year-on-year to INR 6,611.4 crore, supported by operational road assets backed by NHAI hybrid annuity projects.
• The trust plans to acquire 5–8 additional assets in FY27 through its sponsor-backed pipeline, with a target to scale AUM to nearly INR 10,000 crore.Read more

21 May 2026

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots across Rajasthan under its Direct Allotment Scheme-2025. The plots, spread over around 294 acres and valued at nearly INR 550 crore, were offered to investors associated with the Rising Rajasthan investment summit. Industrial zones in Jodhpur, Ajmer, Alwar and near the Pachpadra refinery witnessed strong demand. RIICO has also revised its land allotment policy for underutilised industrial areas by offering plots at lower rates to attract industries, manufacturing units and MSME investments across the state.Read more

21 May 2026

• Kalpataru Properties and Shangrila Infracon India are planning to raise a combined INR 2,600 crore through bond issuances targeted at private credit investors, according to sources.
• Kalpataru intends to raise INR 1,635 crore through four-year and nine-day bonds carrying an 8 per cent coupon, while Shangrila Infracon plans a maiden INR 950 crore issue with a three-year tenure.
• Private credit funds are expected to show strong interest in the transactions amid rising demand for structured real estate financing opportunities.
• GSS India Opportunities Alternate Investment Fund has reportedly committed to half of Kalpataru’s proposed issuance.
• The planned fundraises reflect increasing reliance on private credit capital as banks remain selective in lending to real estate companies.Read more

21 May 2026

British Land Company reported annual earnings above market expectations, supported by strong demand for premium office spaces in London from artificial intelligence and technology firms. The company posted an underlying profit of GBP 294 million for the financial year ended March 31, slightly ahead of analyst estimates. Demand from firms linked to the fast-growing AI sector, including Anthropic, continued to support leasing activity across key office locations. At the same time, British Land’s retail parks neared full occupancy, which slowed rental growth in that segment. Despite changing market conditions, the company maintained its earnings outlook for 2027.Read more

Chennai News Desk

21 May 2026

Indian Railways has approved a key infrastructure project worth INR 993 crore for doubling the Arakkonam–Chengalpattu section, a major corridor in the Chennai suburban rail network. The 68-km stretch is part of one of the busiest commuter routes in Tamil Nadu, connecting important suburban and industrial zones. The project aims to improve capacity, reduce congestion, and enhance punctuality of suburban train services. It is also expected to support freight movement across the region, strengthening overall rail connectivity and operational efficiency in the Chennai rail division.Read more

21 May 2026

• Rajkot Municipal Corporation (RMC) collected INR 153 crore in advance property and water taxes in 40 days for FY 2026–27.
• Around 2.43 lakh taxpayers cleared their dues during the ongoing collection drive.
• Digital payments contributed significantly, showing strong adoption of online tax payment systems.
• Rebate schemes, including incentives for early payment and additional benefits for women taxpayers, supported higher compliance.
• The collection reflects improved tax discipline and steady growth compared to the previous year.Read more

Hyderabad News Desk

21 May 2026

Cyberabad police have registered a case against Saket Engineers over allegations of mortgage fraud involving villas and flats in Hyderabad’s Kompally area. The complaint states that occupied and already allotted properties were shown as unsold inventory and allegedly mortgaged to secure a loan of around INR 30 crore. The issue surfaced after an online encumbrance certificate check revealed discrepancies in ownership records. Authorities further suspect that multiple villas and over 20 flats may have been similarly included in loan documents, and the matter is now under detailed investigation.Read more