8 minutes ago

• The Rajasthan High Court has ruled that toll collection rights granted by NHAI to concessionaires are taxable under GST when provided as consideration for highway construction services.
• The judgment arose from a dispute involving CG Tollway Limited, which developed a section of NH-8 under a DBFOT concession model.
• The court clarified that while toll paid by road users remains GST-exempt, the right to collect toll granted in return for construction work does not qualify for the same exemption.
• The ruling upheld a GST demand exceeding INR 16 crore against the concessionaire.
• The decision could have significant implications for road developers and infrastructure companies operating under BOT and concession-based highway projects.Read more

38 minutes ago

The Chicago Bears have taken a significant step toward potentially relocating their future home stadium to Hammond, Indiana, after the team's board of directors approved moving forward with the project. While a final site has not yet been selected, the decision marks the first time the board has formally voted on a stadium location. The move follows a lack of legislative support in Illinois for stadium-related incentives and comes as Indiana continues to offer substantial financial assistance. If completed, the project could see the Bears play home games outside Illinois for the first time in the franchise's 106-year history.Read more

1 hour ago

Adani Energy Solutions Ltd (AESL) has signed a binding agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for INR 3,050 crore, subject to regulatory approvals. The transaction is expected to strengthen AESL’s position in India’s rapidly expanding smart metering sector by increasing its smart meter portfolio to more than 4.7 crore units. IntelliSmart, a joint venture between the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), operates across several key states and is among the country’s leading smart meter asset owners and operators.Read more

1 hour ago

Godrej Properties has reported home sales worth more than INR 20 billion at the launch of its residential project, Godrej Vanantara. The strong response highlights sustained demand for residential housing despite evolving market conditions. The sales achievement adds to the company's growing portfolio of successful project launches and reflects continued buyer interest in branded developments offered by established developers. The performance is also in line with the broader trend of healthy residential demand seen across key Indian property markets, where end-users and investors continue to drive sales in newly launched projects.Read more

2 hours ago

The Central Bureau of Investigation (CBI) has filed a chargesheet against Gurugram-based Ninex Developers and one of its directors as part of its ongoing investigation into the alleged builder-banker nexus that has affected thousands of homebuyers. The case forms part of a Supreme Court-mandated nationwide probe into allegations of cheating, diversion of funds and financial irregularities involving real estate developers and unidentified officials of banks and financial institutions. The agency has alleged that the developer lured homebuyers and investors through misleading assurances and collected funds without fulfilling project commitments. The chargesheet is the 11th filed by the CBI under the wider investigation, which currently covers 50 cases across the country involving housing projects and alleged fraud against homebuyers.Read more

2 hours ago

Swiss construction chemicals manufacturer Sika is positioning itself for growth by expanding its presence in China's renovation sector, strengthening its automotive business, and capitalising on rising demand for data centres globally. The company has adjusted its strategy in China by reducing its reliance on new-build projects and focusing more on refurbishment work in mature urban markets. In the United States, Sika is increasing its share in infrastructure projects such as roads and bridges, while also benefiting from growing investments in data centres across Europe and Asia. The company also sees early signs of improvement in parts of the European construction market.Read more

3 hours ago

Maharashtra Chief Minister Devendra Fadnavis approved 65 railway infrastructure projects under the state Rail Infrastructure Development Corporation, MahaRail, at a review meeting in Mumbai on Monday. The projects forming the first phase of 131 proposed works on roads under the Public Works and Urban Development departments include railway overbridges, underpasses, and pedestrian bridges aimed at eliminating level crossings across the state. A total of 80 railway infrastructure projects have been proposed in urban centres statewide, with 17 in the Mumbai Metropolitan Region alone. Funding is to be arranged through HUDCO, with mechanisms to reduce borrowing costs being explored.Read more

3 hours ago

The Supreme Court has been urged to direct the Municipal Corporation of Delhi (MCD) to disclose the action taken against illegal and unauthorised constructions across the capital following the collapse of a five-storey building in Saidulajab that killed six people and injured at least 14 others. A court-appointed amicus curiae has sought a comprehensive affidavit detailing enforcement measures, structural audits and action against erring officials. The plea highlights alleged regulatory failures despite repeated bookings of the building for unauthorised construction over more than a decade. The development comes amid heightened scrutiny of illegal constructions in Delhi and broader judicial concerns regarding violations of building regulations, land-use norms and municipal enforcement mechanisms.Read more

4 hours ago

Marriott International has entered into a multi-property agreement with CG Hospitality Global to develop three luxury hotels across India and Nepal, strengthening its expansion strategy in South Asia. The partnership will add nearly 450 rooms to Marriott’s regional portfolio by 2031 through the development of The Ritz-Carlton Kathmandu, The Westin Kathmandu and JW Marriott Hotel Siliguri in West Bengal. The projects are aimed at tapping growing demand in key hospitality markets across the region. CG Hospitality Global, part of CG Group Global, brings extensive regional expertise and operates a portfolio of more than 220 hotels and resorts across 12 countries. The agreement reflects continued investment activity in South Asia’s premium hospitality segment.Read more

4 hours ago

• Mumbai’s food culture extends beyond popular restaurants, with many lesser-known neighbourhood eateries located near railway stations forming a strong local food map across the city.
• These spots include long-standing Maharashtrian breakfast stalls, iconic South Indian cafés, seafood joints, Indo-Chinese eateries, and heritage restaurants serving traditional recipes passed down over decades.
• Often within walking distance of major stations, these hidden gems remain everyday favourites for locals, offering authentic flavours, affordability, and cultural depth away from mainstream tourist attention.Read more

5 hours ago

The Supreme Court has directed the implementation of a mediated settlement in a long-running dispute involving the family of late real estate developer Ashok Varma and assets linked to the Ardee Group. The matter, centred on control of family-owned real estate holdings and business interests, involved Varma's daughters, Shefali Varma and Shibani Varma Kapur. Following mediation led by former Supreme Court judge Justice Kurian Joseph, the parties reached an agreement resolving major areas of contention. The apex court has now ordered execution of the settlement and granted time for completion of the implementation process. The development marks a significant step towards concluding years of litigation surrounding one of the prominent family disputes connected to the Gurugram-based real estate group.Read more

5 hours ago

• MMRDA’s Annual Accounts for FY 2023–24 reflect continued investment in major transport, water supply and regional infrastructure projects across the Mumbai Metropolitan Region.
• The Authority’s Budget 2026–27 marks its first surplus budget since 2017–18, with a total outlay of INR 48,072.57 crore and a projected surplus of INR 17 lakh.
• Around 87% of the proposed expenditure has been earmarked for development projects and schemes, underscoring a strong infrastructure-focused spending strategy.
• The budget prioritises regional connectivity, urban mobility, water security, climate resilience and decentralised growth under the Mumbai 3.0 development vision.Read more

6 hours ago

• A fatal incident in a Greater Noida housing society has raised concerns over structural safety in high-rise residential buildings.
• Authorities have ordered a structural audit of the affected residential complex following the accident.
• Residents staged protests, demanding accountability and immediate safety inspections across the project.
• The incident has reignited discussions around maintenance standards and long-term building safety in NCR's housing sector.Read more

6 hours ago

Avani Infratech has announced plans to invest around INR 750 crore over the next five years to develop three real estate projects in Gurugram and Sonipat, Haryana. The Delhi-based developer will launch all three developments during the current financial year, spanning residential, commercial and industrial segments. The planned projects include an integrated residential-commercial development in Sonipat, a group housing project in Sohna Sector 2, and a new industrial township at Sonipat-Kharkhouda. The company, part of the RASA Group, has already delivered six projects covering more than 11 lakh sq yd and maintains a land bank exceeding 300 acres for future expansion. The investment forms part of its strategy to strengthen its presence in emerging growth corridors across northern India.Read more

Mumbai News Desk

7 hours ago

• An under-construction public toilet project in Kharghar, Navi Mumbai, built at an estimated cost of INR 2.3 crore, was demolished following action by authorities.
• The structure was reportedly removed after issues emerged regarding land permissions and regulatory approvals associated with the project.
• The demolition has sparked concerns over planning processes, project monitoring and the utilisation of public funds.
• Civic and political stakeholders have sought accountability over how the project progressed to an advanced stage before being declared unauthorised.Read more

Ahmedabad News Desk

7 hours ago

The Ahmedabad Municipal Corporation (AMC) has introduced a new policy requiring developers and utility agencies to bear the cost of traffic congestion caused by road excavation and construction activities. The framework links penalties to the extent of disruption created on public roads and is aimed at improving traffic management, reducing prolonged road occupation and ensuring faster restoration of excavated stretches. Civic officials have stated that the measure forms part of a broader effort to improve urban mobility and strengthen accountability among agencies carrying out infrastructure and development works across the city.Read more

8 hours ago

Polish residential developer Robyg is preparing to launch an initial public offering (IPO) on the Warsaw Stock Exchange as it looks to support its next phase of growth. The company expects to raise around USD 109 million through the issue of new shares, with the proceeds primarily earmarked for expanding its land bank and advancing residential developments across Poland. Existing shareholder TAG Beteiligungs- und Immobilienverwaltungs will also sell part of its stake during the offering while retaining majority ownership. The IPO will include a retail investor component, with 10% of the offered shares reserved for individual investors.Read more

8 hours ago

• Delhi authorities have launched a large-scale enforcement drive against unauthorised constructions and misuse of properties following the fatal Hauz Rani bed-and-breakfast fire that claimed 21 lives.
• Since June 1, demolition action has been taken against 82 properties, while 43 buildings have been sealed across various municipal zones in the capital.
• The crackdown is targeting violations of sanctioned building plans, illegal commercial use of premises and other regulatory breaches.
• Officials have indicated that inspections and enforcement measures will continue as part of efforts to strengthen urban safety and compliance.Read more

9 hours ago

Smartworks Coworking Spaces Ltd has secured a five-year leasing agreement with the Indian subsidiary of a Japanese non-banking financial company (NBFC) for more than 400 desks at its Mumbai centre. The transaction is expected to generate rental revenue of approximately INR 35 crore over the contract period. The deal comes as demand for managed office spaces continues to strengthen across India’s major business hubs. As of March 31, 2026, Smartworks operated 66 centres spanning 16.1 million sq ft across 15 cities in India and Singapore. The company also reported a turnaround in its financial performance during FY2025-26, posting a net profit against a loss in the previous fiscal year amid strong growth in total income.Read more

Bangalore News Desk

10 hours ago

The Karnataka High Court has upheld the acquisition of land for the Banashankari VI Stage layout project in Bengaluru, providing a significant boost to one of the city's major residential development schemes. The court dismissed petitions challenging the acquisition process and reaffirmed the legality of the land acquisition undertaken for the Bengaluru Development Authority (BDA) project. The ruling is expected to facilitate the continuation of infrastructure and housing development works within the proposed layout, which has been planned to accommodate the city's growing urban expansion requirements.Read more

11 hours ago

The Delhi government has commenced a major sewer infrastructure project worth INR 138 crore in North East Delhi's Karawal Nagar constituency, aiming to address long-standing sanitation and civic infrastructure deficiencies. Announced by Chief Minister Rekha Gupta alongside Union Minister of State and Delhi BJP president Harsh Malhotra, the project will expand sewer connectivity across localities including Sonia Vihar, Milan Garden, Chauhan Patti and Sabhapur Extension. The initiative forms part of a broader package of development works exceeding INR 300 crore approved for the constituency over the past year. Besides strengthening sewer infrastructure, the government has outlined plans for water supply improvements, road upgrades and healthcare facilities as part of a wider push to improve urban services in the area.Read more

12 hours ago

GIFT City, India’s first International Financial Services Centre (IFSC) located in Gujarat, is emerging as a major destination for global financial activity and wealth management. Designed to operate under a specialised regulatory framework, the financial hub enables Non-Resident Indians (NRIs), investors and institutions to undertake transactions in foreign currencies while accessing international financial products and services from within India. Tax incentives, simplified regulations and the ability to conduct transactions without mandatory conversion into INR have contributed to its growing appeal. Financial institutions are increasingly offering dedicated products linked to the IFSC ecosystem, allowing NRIs to manage deposits, investments and cross-border transactions through a globally aligned framework.Read more

13 hours ago

• Andhra Pradesh has introduced a policy allowing large data centres with a minimum 300 MW connected load to operate as deemed distribution licensees and procure power directly.
• The move is aimed at supporting the state's AI and data centre ambitions, particularly in Visakhapatnam, where up to 5 GW of capacity is planned, including Google's proposed 1 GW campus.
• The policy mandates 51% renewable energy sourcing while protecting the interests of existing power distribution companies.Read more

Delhi News Desk

14 hours ago

The Delhi High Court has brought JK Paper into an ongoing legal dispute over a high-value bungalow on Prithviraj Road in Lutyens’ Delhi, a property acquired by the company for INR 250 crore in 2021. The case relates to claims made by Punit Beriwala, Managing Director of Vipul Ltd, who has alleged that he secured rights in the property through financial arrangements with the original owners nearly two decades ago. With the current owner now formally included in the proceedings, the court will examine competing ownership claims surrounding one of Delhi’s most expensive residential properties.Read more

Visakhapatnam News Desk

15 hours ago

• Several stormwater drains in Visakhapatnam are reportedly carrying untreated sewage and waste instead of rainwater, raising environmental concerns.
• Experts and civic groups warn that the pollution is affecting local water bodies, coastal ecosystems and public health.
• Encroachments, inadequate sewage infrastructure and poor maintenance have been cited as key reasons for the deteriorating condition of the drains.
• The issue has renewed calls for comprehensive drainage reforms and stronger wastewater management measures in the city.Read more

16 hours ago

The Chandigarh Municipal Corporation (MC) has revised the conditions of its construction and demolition (C&D) waste management tender after repeated bidding rounds failed to attract adequate private sector participation. The civic body has eased eligibility norms and modified key tender clauses to improve the project's financial viability and encourage greater competition. The move is aimed at ensuring the smooth operation of the city's C&D waste processing facility, which plays an important role in managing construction debris, promoting recycling and reducing illegal dumping. The revised tender is expected to generate stronger interest from potential operators.Read more

Noida News Desk

09 Jun 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has called for a comprehensive fire safety audit of hotels, paying guest accommodations (PGs), high-rise residential towers and commercial buildings across Noida. The demand comes amid growing concerns over fire preparedness and compliance with safety norms in densely populated developments. The federation has urged authorities to inspect fire-fighting systems, emergency exits and evacuation mechanisms, while ensuring strict action against violations. Resident groups believe regular audits and stronger monitoring are essential to improving safety standards and reducing risks in the rapidly expanding urban landscape.Read more

09 Jun 2026

• NFHS-6 (2023–24) data indicates a rise in the proportion of women in Karnataka who own a house and/or land, either independently or jointly with others.
• The survey points to growing participation of women in property ownership compared with previous survey rounds conducted in the state.
• Karnataka's ownership figures remain higher than several national indicators relating to women's asset ownership and financial inclusion.
• The findings highlight changing patterns of household asset ownership and greater representation of women in property holdings across urban and rural areas.Read more

Hyderabad News Desk

09 Jun 2026

Property registration charges have increased significantly across several of Hyderabad's major growth corridors following the Telangana government's revision of market values that came into effect on June 5. The sharpest increases have been recorded in rapidly developing locations such as Kokapet, Neopolis, Financial District, Narsingi and surrounding micro-markets, where land values and real estate activity have surged in recent years. The revised rates are expected to raise transaction costs for buyers while aligning government valuations more closely with prevailing market prices across the city's high-demand property markets.Read more

09 Jun 2026

• Chandigarh Municipal Corporation has accelerated the digitisation of land and ownership records in five villages under the NAKSHA pilot project.
• Officials have been directed to complete pending work within the stipulated timeline after a review of the project's progress.
• Villages covered under the initiative include Sarangpur, Attawa, Burail, Kajheri and Palsora, where field verification work has largely been completed.
• More than 13,000 properties have been mapped and verified as part of Chandigarh's broader GIS-based land records programme.
• The project is expected to improve transparency, reduce land ownership disputes and strengthen urban and village planning through accurate digital records.Read more

09 Jun 2026

Naeem Real Estate Holding Group is reviewing a potential restructuring of part of its real estate portfolio as it explores transferring selected assets into a real estate fund. The move is currently under study and forms part of the company's efforts to assess alternative ownership and management structures for certain properties. While the company has not disclosed details regarding the assets involved or the timeline for implementation, the proposal could help streamline asset management and improve operational efficiency. Further details are expected once the evaluation process is completed and a final decision is taken.Read more

09 Jun 2026

The Czech National Bank (CNB) has decided to increase the countercyclical capital buffer rate for banks by 25 basis points, citing strong lending activity, rising household and corporate debt, and continued growth in residential property prices. The revised rate will take effect in July 2027 and is aimed at strengthening the resilience of the banking sector against potential future risks. The central bank also retained existing mortgage lending rules and the systemic risk buffer rate. Stress tests conducted across financial sector segments indicated that institutions remain well positioned to withstand adverse economic conditions.Read more

Mumbai News Desk

09 Jun 2026

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.Read more

09 Jun 2026

• The Maharashtra government has taken a major step towards regularising unauthorised properties in Ulhasnagar that existed before January 1, 2011.
• A high-level meeting at Mantralaya reviewed pending issues and proposed measures to simplify the ownership regularisation process.
• The government is considering reducing regularisation charges from 10% to 5% of the Ready Reckoner value and removing the requirement for a D Certificate.
• A dedicated task force will be set up to speed up approvals and issue ownership documents to eligible property holders.
• The move is expected to benefit lakhs of residents by providing legal ownership rights and enabling redevelopment of old and dilapidated buildings.Read more

09 Jun 2026

• India's economy grew 7.8% year-on-year in the January-March quarter, exceeding the 7.2% forecast by economists.
• Strong private investment, higher agricultural output and continued construction activity supported growth despite the initial impact of geopolitical tensions in West Asia.
• The National Statistics Office revised India's FY26 GDP growth estimate to 7.7%, slightly higher than its earlier projection of 7.6%.
• Economists noted that resilient domestic demand helped sustain growth, although private consumption remained uneven in some segments.
• Analysts expect growth to moderate in FY27 amid risks from elevated energy prices, geopolitical uncertainties, inflationary pressures and concerns over monsoon conditions.Read more

09 Jun 2026

• Home Invest Belgium has reached an agreement with UCL to extend rights in rem related to its assets in Louvain-la-Neuve.
• The agreement is expected to support the long-term management and value of the company's real estate portfolio.
• Following the development, Home Invest Belgium raised its expected EPRA earnings per share for FY2026.
• The company's FY2026 EPRA earnings per share forecast has been revised from EUR 1.23 to EUR 1.25.
• The move reflects the positive financial impact anticipated from the extension agreement and strengthens the company's long-term asset strategy.Read more

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.Read more

Mumbai News Desk

09 Jun 2026

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.Read more

09 Jun 2026

DAC Developers has strengthened its presence along Chennai’s Old Mahabalipuram Road (OMR) with the inauguration of a new satellite office and the launch of DAC Cambridge, a premium residential project inspired by the architectural character of Cambridge, England. The developer also indicated that it is exploring a proposed INR 250 crore funding platform with Yubi to support future land acquisitions, following two previous transactions through which Yubi facilitated INR 66 crore in funding. The expansion comes as DAC continues to grow its residential portfolio across Chennai’s IT corridor, where it currently has five ongoing projects in Sholinganallur and Navalur. The company has also announced upcoming launches including DAC Silicon Valley Phase 3 and DAC Lords.Read more

09 Jun 2026

• Uttar Pradesh's Economic Offences Wing (EOW) has arrested a director of Karmabhoomi Real Estate Company Limited in connection with an alleged INR 100 crore real estate investment scam.
• The company allegedly collected funds from hundreds of investors across multiple districts by promising high returns through real estate-linked schemes.
• Investigators have identified six directors associated with the company, while five accused are still absconding.
• The probe is focused on tracing investor funds, examining financial records and identifying the full extent of the alleged fraud.
• Authorities believe the case affected a large number of small investors and further arrests may follow as the investigation progresses.Read more

09 Jun 2026

Global infrastructure investor I Squared Capital is planning to launch an India-focused infrastructure fund with a target corpus of around INR 5,000 crore, marking a strategic push to attract capital from domestic institutional and high-net-worth investors. The proposed vehicle will focus on sectors such as energy, transportation, logistics and digital infrastructure. The initiative comes as local pension funds, insurance companies and family offices increasingly seek exposure to long-term infrastructure assets, reflecting the growing depth of India's alternative investment ecosystem.Read more

09 Jun 2026

BlackRock Monticello Debt Real Estate Investment Trust has strengthened its financing platform through two new funding arrangements disclosed in a recent regulatory filing. A unit of the REIT entered into a credit agreement with ConnectOne Bank, providing an initial commitment of USD 100 million with the potential to increase to USD 150 million. The agreement is set to mature in 2029 and includes extension options. Separately, another unit signed a master repurchase agreement with Nomura Corporate Funding Americas, carrying an initial maximum purchase price of USD 250 million, further expanding the trust’s access to capital for investment activities.Read more

09 Jun 2026

Railway projects worth nearly INR 1 lakh crore are under various stages of implementation across West Bengal, covering new rail lines, track doubling, electrification, station redevelopment and freight infrastructure. Officials have emphasised the importance of timely land handover to maintain project schedules and avoid execution delays. The investments form part of the Centre's broader railway modernisation programme aimed at improving passenger and freight connectivity, boosting logistics efficiency and supporting economic development across the state.Read more

09 Jun 2026

SpiceJet has announced plans to strengthen its fleet by adding three Airbus A320 aircraft on a damp lease arrangement next month. The airline has already finalised the lease agreement for the narrowbody planes as part of its ongoing fleet expansion strategy. In addition, SpiceJet has reintroduced a Boeing 737 MAX aircraft into commercial operations after bringing it back from the ground. The move is aimed at meeting rising passenger demand during the peak travel season, while also improving operational flexibility and supporting the airline’s domestic and international network requirements.Read more

09 Jun 2026

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.Read more

09 Jun 2026

President Donald Trump has announced plans to build a new pedestrian promenade connected to the Lincoln Memorial in Washington, adding to a series of redevelopment projects underway across the U.S. capital. The proposed promenade is intended to improve pedestrian access between the memorial, the Potomac River and nearby tourist attractions. The announcement comes alongside progress on the refurbishment of the Reflecting Pool and the advancement of a proposed 250-foot Triumphal Arch. The projects form part of a broader effort by the administration to reshape key public spaces in Washington, although some initiatives have faced legal and public scrutiny.Read more

09 Jun 2026

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.Read more

09 Jun 2026

The Telangana government has selected Singapore-based DP Architects to prepare the master plan for Bharat Future City, a large-scale urban development project being developed under the Future City Development Authority (FCDA). The firm emerged as the lowest bidder among six participants in the tender process and is expected to submit the master plan within nine months. Spread across about 765 sq km, the project aims to create dedicated hubs for life sciences, artificial intelligence, advanced manufacturing, data centres, healthcare, education and residential development, supporting Telangana's long-term economic and infrastructure growth plans.Read more

09 Jun 2026

• The Uttar Pradesh government has barred the sale, purchase and registration of land within the notified areas of LDA’s IT City and Wellness City projects in Lucknow.
• The move is aimed at preventing speculative land transactions and ensuring that benefits under the land pooling scheme reach original landowners.
• Only landowners whose names are already recorded in revenue records will be eligible for developed plots and project-related benefits.
• The restriction covers the first phase of both mega township projects being developed along Sultanpur Road and the Kisan Path corridor.
• Authorities expect the decision to curb artificial land price escalation and support smoother implementation of the projects.Read more

09 Jun 2026

Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.Read more