9 minutes ago

Nexus Seawoods Mall has partnered with District by Zomato to offer consumers additional benefits across shopping, dining and entertainment during the Independence Day weekend from August 14 to 16. The campaign comes alongside the mall’s ongoing End of Sadness Sale, where participating brands are offering discounts of up to 70%. Consumers using the District app can access flat INR 300 off on dining bills of INR 1,500 or more, INR 1,200 off on shopping spends of INR 10,000 and up to INR 150 off on the purchase of two movie tickets. The initiative is part of a wider collaboration covering Nexus Select Malls’ portfolio of 19 properties and is aimed at integrating retail, food and entertainment experiences during the three-day holiday period.Read more

1 hour ago

TCG Real Estate, part of The Chatterjee Group, has entered India’s premium managed-living segment with Yukio, a brand focused on young professionals. The company has expanded Yukio to more than 1,000 beds across two properties in Pune, namely Yukio Jobs and Yukio Gates, within a year of launch. The fully furnished residences combine professionally managed accommodation with housekeeping, laundry, meals, wellness facilities, community activities and technology-enabled resident services. The offering includes amenities such as a game lounge, gym, yoga deck and basketball ground, along with Yukio’s Growth Lab for workshops and networking. Following its expansion in Pune, TCG plans to enter other metropolitan markets and add another 1,500 beds over the next year, citing growing demand for professionally managed urban accommodation.Read more

2 hours ago

The Navi Mumbai Municipal Corporation (NMMC) has planted 200 Surangi saplings at Nisarg Udyan in Sector 14, Koparkhairane, as part of the ‘Mazi Vasundhara Abhiyan 7.0’ and the ‘Ek Ped Maa Ke Naam’ initiative. The 4-5 ft tall saplings were brought from Karnataka and planted by the mayor, municipal commissioner, elected representatives, civic officials, citizens and representatives of educational and social organisations. Mayor Sujata Patil also announced the proposed ‘Green Ward’ competition to encourage residents and institutions to participate in tree plantation and conservation. Municipal Commissioner Kailas Shinde said development in Navi Mumbai should take environmental considerations into account and that the civic body was prioritising native tree species while planning plantation activities to support biodiversity. Organisations that have assisted the civic body’s environmental initiatives were also felicitated during the programme.Read more

15 Aug 2026

The approval of Delhi’s Master Plan 2047 could create new opportunities for housing, commercial development and redevelopment by enabling more efficient land utilisation across the capital, according to Ankur Jalan, CEO of Golden Growth Fund. He said measures including FAR rationalisation, land pooling, redevelopment and transit-oriented development could bring additional land into productive use while supporting more compact and connected urban centres. The plan’s potential expansion of housing supply within Delhi could also help ease development pressure on surrounding NCR markets. However, Jalan noted that effective implementation, timely approvals and adequate mobility, utility and civic infrastructure would be critical to translating the policy framework into actual development activity.Read more

15 Aug 2026

Bluehill.VC has announced the final close of its maiden frontier-tech venture capital fund at INR 400 crore, including a INR 50 crore greenshoe option, backed by institutional investors such as SIDBI and the governments of Kerala and Uttar Pradesh, along with family offices, entrepreneurs and UHNIs from India and the Middle East. The fund will invest in IP-led startups from Seed to Series A across sectors including semiconductors, defence, space, energy, advanced materials, robotics and manufacturing. Bluehill.VC plans to build a concentrated portfolio of 15-16 companies, with an average first institutional cheque of USD 1-2 million. The firm has already invested more than INR 100 crore across seven companies and plans to deploy another INR 80 crore over the next six months.Read more

15 Aug 2026

Chennai-based developer DRA has commenced presence-less property registration and e-sale deed services under Tamil Nadu’s STAR 2.0 digital registration framework, allowing homebuyers to complete property registrations remotely without visiting Sub-Registrar Offices. The developer has established dedicated infrastructure and digital compliance systems at its head office and is working with authorised partners to facilitate the process. DRA said the initiative is intended to improve convenience, standardise documentation and reduce dependence on physical appointments and manual coordination. The service also gives buyers greater flexibility to complete registrations on weekends, government holidays and personally significant dates. The company said it is the first CREDAI Tamil Nadu developer to adopt the state’s presence-less registration framework.Read more

15 Aug 2026

Mumbai’s expanding Coastal Road network could influence the city’s real estate growth by improving travel times between South Mumbai and the western suburbs. As connectivity extends towards the northern suburbs, established markets such as Andheri, Jogeshwari, Goregaon and Borivali could benefit from stronger integration with Mumbai’s commercial and employment centres. These locations already have established residential demand, employment hubs, rail and metro connectivity, airport access and social infrastructure, providing a base for further growth. Improved accessibility could widen residential catchments, support rental and commercial demand and influence investor preferences. For developers, the infrastructure expansion could strengthen locations where existing demand converges with improved mobility, potentially shifting the real estate premium from physical proximity towards a broader combination of connectivity, liveability, amenities and value.Read more

15 Aug 2026

Asia Pacific commercial real estate investment volumes increased 22% year-on-year in H1 2026, signalling a broader recovery as capital returned to core sectors, according to Savills’ latest Capital Signals report. Retail recorded the strongest growth, with investment volumes rising 51%, followed by office at 22% and industrial and logistics at 21%. Investor strategies are also shifting, with partial-stake acquisitions, joint ventures and club deals gaining preference over traditional pooled fund structures. India is expected to benefit from the renewed capital flows, supported by resilient occupier demand, economic growth, infrastructure expansion and rising institutional participation. Savills also expects portfolio rotation to create opportunities in data centres and living sectors. Around USD 265 billion of assets held by Asia Pacific-focused private funds are expected to mature by 2031, with the largest concentration due in 2029.Read more

15 Aug 2026

Navi Mumbai Municipal Corporation (NMMC) schools organised a tricolour rakhi-making activity under the ‘Har Ghar Tiranga’ initiative to encourage awareness of the national flag and foster a sense of patriotism among students. The activity was conducted in primary and secondary schools under the guidance of class teachers, with students bringing the required materials themselves. Teachers explained the significance of the saffron, white and green colours of the national flag, along with the Ashoka Chakra and its 24 spokes. The initiative also introduced students to the history and symbolism of the national flag while providing them with a hands-on activity centred on the colours of the Tricolour. A large number of students participated in making the rakhis as part of the school-level programme.Read more

15 Aug 2026

Real estate advisory firm Jenika Ventures has opened a new office in Kolkata as part of its strategy to expand its presence across eastern India. The company plans to provide structured and transparent property advisory services in Kolkata, where infrastructure development, investor interest and changing homebuyer preferences are supporting the evolution of the local real estate market. Jenika Ventures said the new office will enable it to offer more localised advisory services while strengthening relationships with customers and channel partners. The expansion forms part of the company’s wider plans to establish a stronger presence across key metropolitan and Tier-2 markets and eventually enter select global cities. The company said its regional expansion is aimed at improving customer access to property expertise and strengthening trust in real estate advisory services.Read more

15 Aug 2026

South Korea has announced a fresh set of housing and financial measures aimed at increasing housing supply and improving access to homes for young people and newly married couples. The Financial Services Commission will raise policy support for construction project financing to at least 47.8 trillion won, or about USD 33.72 billion, from the earlier planned 26.3 trillion won. The government will also introduce new policy loans for young buyers and newlyweds purchasing homes for their own use, while keeping restrictions on speculative demand. The move comes amid rising house prices, household debt concerns and pressure on President Lee Jae Myung's government to address the housing market.Read more

15 Aug 2026

Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore IPO for public subscription on August 17, with the price band set at Rs 57-60 per share. The three-day issue will close on August 19, while anchor investor bidding is scheduled for August 14. The IPO will comprise entirely a fresh issue, with no Offer For Sale component, and the proceeds will be used to repay borrowings. At the upper price band, the issue implies a post-IPO market capitalisation of around Rs 17,298 crore. Blackstone currently holds approximately 89% of the company. Horizon Industrial Parks owns and operates around 60 million sq. ft. across 46 industrial and logistics assets in 10 cities. Its shares are proposed to list on BSE and NSE on August 24.Read more

15 Aug 2026

India’s accelerating renewable energy transition is creating growth opportunities for companies involved in power generation, solar manufacturing, electric mobility infrastructure and emerging clean energy technologies. Rising electricity demand, government support and increased private investment are strengthening the sector’s long-term outlook. Tata Power, NTPC Green Energy, Adani Green Energy, Gujarat Inject Kerala Ltd, now rebranding as Regenova Renewtech Ltd, and Waaree Energies are among the companies attracting attention based on their renewable energy portfolios and recent financial performance. While established players continue to expand generation and manufacturing capacity, smaller companies are seeking opportunities through new solar projects and international expansion. Investors, however, need to assess execution, valuations, debt levels and project pipelines alongside the sector’s growth potential.Read more

15 Aug 2026

India’s economic and corporate calendar on Thursday is set to include the release of merchandise trade deficit data along with a large number of quarterly earnings announcements and shareholder meetings. The merchandise trade deficit is expected to remain around USD 30.20 billion, compared with USD 30.43 billion previously. Among the companies scheduled to report their first-quarter FY27 results are Aditya Birla Real Estate, Brigade Enterprises, JSW Cement, Sammaan Capital, Max Healthcare and Welspun Living. Several companies, including Brigade Enterprises and Godrej Industries, are also holding annual shareholder meetings.Read more

15 Aug 2026

Star Air will commence direct flights between Ahmedabad and Mundra in Kutch from August 17, 2026, establishing an air connection between Gujarat’s commercial centre and its major port-led industrial hub. The service will operate three times a week on Mondays, Wednesdays and Fridays, with morning departures from Ahmedabad and evening return flights from Mundra. The route is expected to improve accessibility for businesses, professionals and travellers moving between the two locations, where travel has traditionally involved long road journeys or indirect flight options. Mundra’s role as a major private port and logistics centre has supported industrial and export activity across the region, while Ahmedabad remains an important commercial, financial, educational and business hub. The new service could therefore support movement linked to Gujarat’s expanding industrial and logistics economy.Read more

15 Aug 2026

Aura World has introduced Aura Vantage, a two-acre mixed-use commercial development in Sector 48, Gurugram, comprising organised retail and office spaces. The project has an estimated construction investment of INR 125 crore and a projected topline of INR 527 crore, with commercial units priced from INR 50 lakh. Retail spaces are planned from the ground to fourth floors, while offices will occupy the fifth to eleventh floors. The development is positioned within the established Sohna Road commercial corridor, where availability of sizeable land parcels for new organised projects has become increasingly limited. Its location provides connectivity to Golf Course Extension Road, Southern Peripheral Road and NH-48. The project is being positioned to serve the established residential and corporate catchment around Sector 48 through a combination of retail, office and supporting commercial uses.Read more

15 Aug 2026

Mumbai’s planned fleet of 238 air-conditioned suburban train rakes will now be manufactured at three Railway production units instead of being procured through the earlier international tender. The decision is aimed at bringing the first 12-coach AC local into service in 2027 and completing the entire fleet by 2030. The trains, comprising 2,856 coaches, are estimated to cost INR 19,293 crore. The revised plan comes after the earlier tender process faced delays and did not receive the expected response. The manufacturing programme will run alongside ongoing suburban railway capacity expansion works across Mumbai.Read more

15 Aug 2026

Airports have evolved far beyond transportation hubs, becoming powerful catalysts for urban expansion, industrial development and real estate growth. From India's rapidly developing Noida International Airport and Navi Mumbai International Airport to global examples such as Dubai South and Dallas/Fort Worth, major aviation projects have transformed surrounding regions into thriving residential, commercial and logistics corridors. Improved connectivity, infrastructure investment and economic activity have significantly increased land values while attracting businesses, industries and housing projects. These airport-led developments demonstrate how aviation infrastructure can redefine regional growth and influence long-term real estate markets.Read more

15 Aug 2026

Oriom Group has launched Oriom Realty, a dedicated real estate vertical that will develop residential, retail, commercial, hospitality and mixed-use projects across Odisha, initially focusing on Bhubaneswar and other emerging growth corridors. The move marks the industrial group's entry into organised real estate after 21 years of operations across steel and power, speciality chemicals and refractories. Headquartered in Bhubaneswar and originating in Jharsuguda, the group employs more than 3,000 people across multiple industrial facilities in eastern India. The company said its real estate strategy is linked to Odisha's infrastructure investment, industrial expansion and rising urbanisation. Odisha's urbanisation rate is currently about 17%, with the state targeting 40% by 2036 and 60% by 2047. Oriom Realty plans to use the group's engineering, governance and project execution capabilities across its proposed developments.Read more

Mumbai News Desk

15 Aug 2026

A landslide struck Ashok Nagar in Ghatkopar, Mumbai, early on August 12 after heavy rainfall, with debris and boulders crashing onto rooms in a densely populated chawl. The incident left seven people dead and seven injured, according to officials. Rescue operations were carried out by the Mumbai Fire Brigade, NDRF, police and civic teams, with narrow access lanes making the search difficult. Firefighters and NDRF personnel formed human chains to manually remove debris and search for victims. The incident has again highlighted the risks faced by residents living in landslide-prone areas during Mumbai's monsoon.Read more

15 Aug 2026

Public sector banks opened 6,255 branches and closed 4,093 branches over the last five financial years, according to data presented in Parliament. Branch closures were highest in FY22, while branch additions peaked in FY26. The government also informed Parliament that 15,930 wilful defaulters owed public sector banks INR 2.85 lakh crore as of June 30, 2026. Unclaimed deposits transferred to the Depositor Education and Awareness Fund stood at INR 98,073 crore by January 2026. The government also highlighted improvements in India’s sovereign credit ratings and measures taken to reduce the economic impact of the West Asia crisis.Read more

15 Aug 2026

Home improvement and interior brands are highlighting design, furniture and home furnishing services as homeowners prepare their properties for Independence Day and the upcoming festive season. Asian Paints’ Beautiful Homes offers services covering modular kitchens, wardrobes, uPVC doors and windows, bathware and furnishings. HomeLane is running its Freedom Festival from August 8 to August 15, 2026, with discounts across selected interior solutions and a gold giveaway. Interio by Godrej offers furniture across categories, while Livspace provides end-to-end home interior design services. Pepperfry continues to offer furniture and home décor through its online platform. Together, these brands cover several segments of the home improvement market, including interior design, furniture, furnishing, kitchens, wardrobes and related home solutions.Read more

15 Aug 2026

Tata Capital’s revolving credit exposure is below 5% of its overall credit exposure, according to managing director and CEO Rajiv Sabharwal. The company is preparing its feedback on the Reserve Bank of India’s draft proposal that seeks to restrict non-banking financial companies from offering revolving credit products and require credit facilities to follow a term-loan structure. Sabharwal said Tata Capital does not expect major concerns from the proposal at this stage, although the company is still assessing the possible impact. The RBI has invited feedback from regulated entities and stakeholders before finalising the framework.Read more

15 Aug 2026

Signature Global (India) Ltd reported revenue of INR 5.5 billion and collections of INR 6.7 billion in the first quarter of FY27. The Gurugram-focused developer’s pre-sales rose 25% quarter-on-quarter to INR 19.7 billion, while average sales realisation increased to INR 17,093 per sq ft from INR 15,250 per sq ft in FY26. The improvement in realisation was primarily attributed to the launch of Tonino Lamborghini Residences on Southern Peripheral Road in Sector 71, Gurugram. The company said the project marked its entry into branded residences and recorded a strong response during its first phase. Signature Global reported net debt of INR 3.9 billion at the end of June, while cash and bank balances, including fixed deposits, stood at INR 25.22 billion.Read more

15 Aug 2026

The Bharatiya Udyog Vyapar Mandal (BUVM) held its 45th Foundation Day National Traders’ Conference and Bhamashah Felicitation Ceremony at the Constitution Club of India in New Delhi on August 9. Around 1,000 trader representatives from 24 states and two Union Territories attended the event, which was presided over by BUVM national president Babulal Gupta. Union Minister for Law and Justice Arjun Ram Meghwal, who attended as chief guest, said stronger trade and business activity was necessary to support India's economic expansion and assured traders that their concerns relating to GST, online trade and other business matters would be considered. The conference discussed measures covering e-commerce, MSMEs, local trade, mandi taxation, GST and FSSAI regulations, besides proposing an expansion of the local-products initiative from 500 to 1,000 districts. BUVM also announced a national trade conference for January 2027.Read more

15 Aug 2026

K Raheja Corp has launched ‘Ekta Ki Dhun’, a musical film marking Independence Day and celebrating unity across its diverse businesses. The film features a stomp band rendition of ‘Vande Mataram’, bringing together employees, customers, partners and labourers from five businesses — Mindspace REIT, K Raheja Corp Homes, Chalet Hotels, Inorbit Malls and Shoppers Stop. Everyday objects and materials from construction sites, offices, homes, hotels, malls and retail stores have been used as instruments to create the musical composition. The initiative marks the fourth consecutive year that K Raheja Corp has used an original musical film for its Independence Day communication, following ‘Pragati Ki Dhun’, ‘Azadi Ki Dhun’ and ‘Desh Ki Dhun’. The film was conceptualised by the Group’s Corporate Communications team, composed by music director Sanket Sane and directed by filmmaker Alok Sutar.Read more

15 Aug 2026

ITC Maratha’s Peshwa Pavilion in Mumbai will mark Independence Day and Parsi New Year with a special ‘One Nation, Many Flavours’ festive dining experience on August 15, 2026. The menu will combine regional Indian dishes with traditional Parsi New Year specialities, including Amritsari Chole Kulche, Goan Prawn Curry, Chicken Chettinad, Kashmiri Rogan Josh, Hyderabadi Subz Biryani, Sali Boti, Patra Ni Machhi and Mawa Cake. A dedicated Tricolour Chaat & Dessert Station will add to the Independence Day theme. Guests will also receive a traditional Parsi welcome featuring rosewater spraying, along with a complimentary glass of Falooda or Raspberry Soda. Tables of four or more will receive a flat 19.47% discount on the total bill. The experience is priced at INR 3,150 plus taxes per person, inclusive of soft beverages.Read more

15 Aug 2026

The Navi Mumbai Municipal Corporation has announced August 17 as the final deadline for voters to submit enumeration forms under the Special Intensive Revision (SIR) of electoral rolls. The revision exercise began on June 30, and voters who fail to submit their forms to their Booth Level Officer (BLO) by the extended deadline risk having their names excluded from the draft electoral roll. They would then have to submit Form 6 and complete the enrolment process afresh to have their names included again. To assist voters, special SIR camps will operate at 179 locations on August 8 and 9. Additional evening camps will also be held in parts of the Airoli constituency where form collection and digitisation remain comparatively low. The civic administration has urged voters to submit their forms before the final deadline.Read more

15 Aug 2026

Dubai recorded 38,197 rental contracts in July 2026, taking the year-to-date total for the first seven months to 214,445, according to fäm Properties. The figure is 1.9% higher than the corresponding period last year, when the emirate registered a record 377,660 rental contracts for the full year. One-bedroom units accounted for 41% of contracts recorded so far in 2026. Meanwhile, Dubai recorded 13,872 property sales transactions worth AED 34.5 billion in July, with off-plan transactions accounting for 9,585 deals valued at AED 20.5 billion. Dubai South remained the leading area by sales volume for the fifth consecutive month, recording 2,351 transactions worth AED 2.6 billion. Apartment sales led July activity, while the highest-value apartment and villa transactions were AED 166 million and AED 73 million, respectively.Read more

15 Aug 2026

Several urban infrastructure projects in Kochi are facing delays and administrative uncertainty as Cochin Smart Mission Limited (CSML) prepares to wind down operations after completing its mandate. The affected initiatives include public-space improvements beneath the Vyttila and Palarivattom flyovers, the INR 30-crore project for organised plazas, pedestrian walkways and green corridors, the INR 5.43-crore Nature Park near Vyttila Mobility Hub, and further development of the city's smart parking system. While the Nature Park is expected to be completed, the future of the flyover-area redevelopment remains undecided. CSML is currently preparing project reports for handover to Kochi Corporation. The smart parking system has also encountered delays, with software upgrades and integration work stalled during the transition. The developments raise questions over continuity of implementation and maintenance as responsibility moves from CSML to the civic body.Read more

15 Aug 2026

The Navi Mumbai Municipal Corporation’s Standing Committee has approved a series of civic infrastructure works covering sewage treatment, flood protection, water supply, chlorination, drainage, footpaths and urban beautification. The approved works include upgrades to the 100 MLD sewage treatment plant in Sector 50, Nerul, supported by INR 8 crore in incentive funding under the Centre’s AMRUT 2.0 ‘Jal Hi Amrut’ initiative. Other sanctioned projects include a flap gate at Sanpada, a protective room for 33kV feeder panels at CBD Belapur, a chlorine unit at Vashi, replacement of an 800mm-diameter water pipeline near Pawane and improvements to Rock Garden in Nerul. The committee has also approved road beautification between Mahape Bridge and Digha, drainage and footpath repairs in Airoli settlements, and upgrades to drainage and footpaths in Nerul Sector 46.Read more

14 Aug 2026

Jio Financial Services and Bank of America have entered into a joint venture agreement under which the US lender will invest up to USD 1.9 billion, or INR 18,268 crore, to acquire a 49.9% stake in Jio Credit. The investment will initially give Bank of America a 26.50% holding through a preferential share issue, followed by warrants that can take its stake to 49.90%. Jio Credit, which has built assets under management of INR 30,667 crore within two years, has focused on retail borrowers and small businesses. The transaction remains subject to regulatory and statutory approvals.Read more

14 Aug 2026

Industry chambers have called for changes in land allotment, industrial incentives, infrastructure and sector-specific development as the West Bengal government works on its new industrial policy. The Bengal Chamber of Commerce and Industry has proposed unlocking unused PSU land and improving industrial land allotment, while the Bharat Chamber of Commerce has sought integrated industrial hubs and customised support for key sectors. Industry representatives also highlighted predictable approvals, reliable power, connectivity, logistics and transparent land administration as important to improving the business environment and attracting fresh investment and employment.Read more

14 Aug 2026

The Ministry of Ports, Shipping and Waterways has approved an INR 334.89-crore internal flyover at Visakhapatnam Port Authority to improve cargo evacuation and reduce congestion within the port premises. The 3.584-km elevated corridor will connect Convent Junction with the Dock Area and separate road traffic from rail movement. The project is intended to address delays caused by frequent closures at nine railway level crossings, where gates close around 18 times a day due to train movements. The corridor will also reduce vehicle waiting time, fuel consumption and operating costs while improving movement inside the port.Read more

14 Aug 2026

The Comptroller and Auditor General of India has asked the revenue department to strengthen coordination between income tax and GST authorities to identify GST liabilities arising from unaccounted income, particularly among taxpayers providing construction and works contract services. A compliance audit covering 735 taxpayers found 123 cases of deficiencies with a revenue implication of INR 190.98 crore. The observations included incorrect tax concessions, short payment of GST, irregular input tax credit claims and non-payment of GST on unaccounted on-money income detected by income tax authorities. The CAG has also suggested wider scrutiny and stronger validation mechanisms.Read more

14 Aug 2026

Delhi Metro Rail Corporation (DMRC) will begin metro services at 4 am on Independence Day to facilitate travel for special guests, invitees and members of the public attending the celebrations at the Red Fort. Trains will operate from all terminal stations across the network at 30-minute intervals until regular revenue services begin. DMRC has also supplied 1.30 lakh special pre-vended QR tickets to the Ministry of Defence for authorised guests. Lal Quila, Jama Masjid and Delhi Gate are the nearest metro stations to the Red Fort venue.Read more

14 Aug 2026

Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated the Green City-Madhopur Bandh road in Gorakhpur, a project developed at a cost of INR 69.58 crore. The two-lane road is intended to improve connectivity between Green City and Madhopur Bandh while easing movement across the area. The project forms part of ongoing infrastructure development in Gorakhpur, where road upgrades are being undertaken to improve urban connectivity and support growing traffic requirements. The newly inaugurated corridor is expected to provide an additional route for local movement and improve access to surrounding areas.Read more

14 Aug 2026

India’s net direct tax collection rose 23.09 per cent year-on-year to more than INR 8.11 lakh crore in the current fiscal year up to the latest available period. Corporate tax collections increased 19.83 per cent, while non-corporate taxes, including personal income tax, grew 23 per cent. Securities Transaction Tax revenue also recorded a sharp 51 per cent increase. The government issued INR 1.43 lakh crore in refunds during the period. Gross direct tax collection stood at about INR 9.55 lakh crore, while the Centre has set a target of INR 26.97 lakh crore for the full fiscal year.Read more

14 Aug 2026

Andhra Pradesh is planning to adopt an integrated approach to slum redevelopment, drawing lessons from Mumbai's Dharavi redevelopment model. The state intends to use the redevelopment of Velampeta in Visakhapatnam as a potential blueprint for similar projects in other urban areas. The approach is expected to focus on replacing inadequate housing with planned residential development while improving basic infrastructure and living conditions. By treating slum redevelopment as an integrated urban development exercise rather than only a housing intervention, the state aims to address housing, infrastructure and land-use challenges together.Read more

14 Aug 2026

State Bank of India (SBI) has five to six merger and acquisition financing deals in the pipeline as demand for bank-backed acquisition funding picks up under the Reserve Bank of India’s new framework. The country’s largest lender has already executed three such transactions. The facility has also opened a lending opportunity in sectors such as software, where companies generally have limited requirements for conventional bank finance. SBI said the deals can take time to close and may involve bridge loans followed by longer-term funding, making it difficult to estimate how many transactions will ultimately materialise in a given period.Read more

14 Aug 2026

India’s focus on longevity and preventive healthcare is set to get a new platform with the Longevity Summit India 2026: India Vows for Longevity, which will bring together scientists, clinicians, wellness experts, entrepreneurs, innovators and hospitality leaders. The two-day summit at Fairmont Mumbai will examine developments in longevity science, personalised medicine, human performance, technology and healthy ageing. A key part of the programme will focus on the changing role of senior living, with Shrem Group and Emoha set to unveil Shremoha, a premium senior independent living platform that combines residences, hospitality, wellness, community and access to geriatric care.Read more

14 Aug 2026

The Reserve Bank of India (RBI) has proposed a common framework for determining interest rates on loans and advances across banks and non-banking financial companies (NBFCs). The draft rules seek to bring greater consistency in the way fixed-rate and floating-rate loans are priced while allowing regulated entities to account for their operational scale, loan categories and borrower risk. The proposed directions would also require board-approved interest rate policies and annual reviews. For microfinance and small-value loans, lenders would have to set an explicit ceiling on the Annual Percentage Rate (APR), including interest and other charges.Read more

Mumbai News Desk

14 Aug 2026

Five senior citizens, including three women, were injured after a cement-roofed gazebo collapsed at Mala Garden in Pratiksha Nagar, Sion East, on Wednesday evening. The open-sided structure, supported by a galvanised iron (GI) frame, gave way at around 4.45 pm while all five people were seated inside. The injured, aged between 64 and 79, were taken to the civic-run Sion Hospital in private ambulances before Mumbai Fire Brigade personnel reached the site. Officials said all five were in a stable condition following the incident.Read more

14 Aug 2026

State-owned NBCC Ltd reported a 17 per cent year-on-year increase in consolidated net profit to INR 158 crore for the first quarter of the current financial year. The company had recorded a consolidated net profit of INR 135.03 crore in the corresponding quarter last year. However, consolidated total income declined to INR 2,320.90 crore from INR 2,465.48 crore. NBCC operates across project management consultancy and real estate, with its wider business also covering redevelopment, infrastructure and overseas projects. The company entered the current financial year with a sizeable order book and continued project activity.Read more

14 Aug 2026

India’s top 11 listed residential developers are projected to achieve combined pre-sales of INR 1.82 lakh crore in FY27, up from INR 1.49 lakh crore in FY26, marking a 22.3% year-on-year increase, according to an ANAROCK Research analysis of investor presentations. The projected growth comes despite higher property prices, elevated construction costs and continuing global economic uncertainty. Godrej Properties is expected to record the highest pre-sales at INR 39,000 crore, followed by Prestige Estates at INR 35,300 crore. Oberoi Realty is projected to post the strongest growth, while DLF is expected to remain broadly flat.Read more

14 Aug 2026

Ashiana Housing reported a consolidated net profit of INR 13.11 crore for the June quarter, with consolidated income from operations at INR 107 crore. The company also approved a proposal to raise up to INR 5 crore through the issue of non-convertible debentures and bonds on a private placement basis. The results come as the developer continues to operate across residential and senior living segments. Ashiana Housing has delivered more than 28 million square feet across five states and has about 7.3 million square feet under development, according to its investor information.Read more

14 Aug 2026

China Resources Land reported gross contracted sales of RMB14.10 billion for July, with contracted gross floor area reaching 0.410 million square metres. Sales value increased 6.0% year-on-year during the month, indicating a modest improvement in the company’s contracted sales performance. The latest figures come as Chinese property developers continue to operate in a challenging housing market, with sales performance remaining closely watched for signs of stabilisation. China Resources Land has also continued to generate recurring income from its investment property portfolio, providing another source of revenue alongside property development.Read more

14 Aug 2026

The closure of the Delhi-Meerut Expressway for the Kanwar Yatra has continued to disrupt traffic movement across the Delhi-NCR region, with diversions placing additional pressure on NH-9 and the Eastern Peripheral Expressway. Commuters travelling between Delhi, Ghaziabad and Meerut have faced prolonged delays as traffic has been redirected to alternative routes. The disruption has been compounded by rain and increased movement associated with the annual pilgrimage. Authorities have been managing diversions and traffic flow as the Kanwar Yatra reaches its concluding phase.Read more

14 Aug 2026

Radisson Hotel Group has opened Park Inn by Radisson Bengaluru Whitefield, marking the brand’s entry into one of Bengaluru’s major technology and commercial hubs. The 82-room upper-midscale property is intended to cater to rising hospitality demand from corporate travellers, project teams and urban professionals in Whitefield. The hotel strengthens Radisson Hotel Group’s presence in Bengaluru, one of India’s key business travel markets, as technology activity, commercial development and residential growth continue to influence travel patterns and accommodation demand in the eastern part of the city. The opening also adds internationally branded hotel capacity to a micro-market that has developed into an important employment and business destination. Radisson said the property was positioned to serve the evolving requirements of business travellers as Whitefield continues to attract technology companies, commercial activity and residential development.Read more

14 Aug 2026

The Telangana High Court has allowed authorities to resume land acquisition proceedings for a section of Hyderabad Metro Rail Phase-II after vacating an interim stay imposed earlier in the case. The dispute concerns properties required for the MGBS-Chandrayangutta corridor, where landowners had challenged the acquisition process and alignment. The court said decisions on Metro alignment and land requirements involve technical assessments that fall primarily within the domain of expert authorities. It, however, left questions concerning the legality and procedural compliance of the acquisition open for consideration during the final hearing of the writ petition.Read more