20 minutes ago

Investore Property has indicated that it currently plans to pay a cash dividend of 6.50 NZ cents per share for FY27, according to its FY26 annual results released recently. The announcement comes as the New Zealand-based property company continues to focus on income distribution and portfolio stability amid changing market conditions. Investore Property, which owns and manages large-format retail properties across New Zealand, has historically maintained a steady dividend policy backed by long-term tenant leases and occupancy levels. The company’s latest update gives investors an early indication of expected shareholder returns for the upcoming financial year.Read more

50 minutes ago

• HCBS Developments Limited has partnered with Jindal Stainless to use ‘Jindal Infinity Stainless Steel Rebars’ in its Twin Horizon residential project in Gurugram.
• The rebars are being deployed for diaphragm wall and raft foundation applications due to their corrosion resistance and suitability for high groundwater conditions.
• The 5.29-acre project will comprise two residential towers with 268 housing units and seven commercial spaces.
• Architectural design for the project is being handled by Morphogenesis, while construction execution is being undertaken by Krishna Buildestates Private Limited.
• The developer said excavation and diaphragm wall work for Tower West has been completed, while similar work for Tower East is currently underway.Read more

1 hour ago

India’s Global Capability Centre (GCC) ecosystem is expected to undergo significant expansion over the next decade, with projections indicating the country could host between 8,000 and 9,000 centres by 2040, contributing nearly USD 450 billion annually to the economy. The sector, traditionally associated with business process outsourcing and IT support, is increasingly evolving into a strategic innovation and research hub for multinational corporations. Industry stakeholders indicate that GCCs are now driving activities including artificial intelligence, cybersecurity, engineering design, cloud services, sustainability initiatives and advanced analytics. The next phase of growth is also expected to extend beyond established metropolitan centres into Tier-2 and Tier-3 cities, influencing commercial real estate demand, infrastructure development, digital connectivity and regional economic expansion across India.Read more

1 hour ago

• DoLR and ADB held discussions on strengthening land governance, digital land records and watershed management in India.
• Talks focused on technical assistance, policy support and knowledge sharing to improve land administration systems.
• Government highlighted progress under Digital India Land Records Modernisation Programme (DILRMP), with near-complete digitisation of Records of Rights in several states and Union Territories.
• Around 66% of agricultural land parcels have been assigned Unique Land Parcel Identification Numbers (ULPINs), also known as “Bhu-Aadhaar”.
• Both sides discussed future cooperation in climate resilience, geospatial systems and data-driven land management.Read more

2 hours ago

Growing infrastructure development, urban expansion and increasing regulatory transparency are driving renewed investor interest in land as a long-term wealth creation asset alongside traditional investments such as gold and equities. Industry stakeholders stated that organised plotted developments and improved accessibility to land ownership are attracting both first-time and experienced investors across emerging growth corridors. The discussion around asset allocation has also intensified following Prime Minister Narendra Modi’s recent remarks urging restraint in non-essential gold purchases to help conserve foreign exchange reserves. Real estate and financial sector participants noted that while gold continues to serve as a defensive asset and equities offer higher growth potential, land investments are increasingly being viewed as a relatively stable, inflation-resistant asset class supported by infrastructure-led urbanisation and rising demand in peripheral markets surrounding major cities and Tier II locations.Read more

3 hours ago

A delegation led by British Deputy High Commissioner G. Van Owen visited Amaravati to review the progress of the Andhra Pradesh capital city project and explore potential investment opportunities. During the visit, officials from the Andhra Pradesh Capital Region Development Authority (APCRDA) briefed the delegation on the city’s infrastructure plans, sustainability initiatives and ongoing construction activities. The team also toured key project sites including the government complex towers and riverfront development areas. Discussions further focused on investment potential across education, healthcare, tourism and urban infrastructure sectors, with officials highlighting that several institutions have already begun operations in Amaravati.Read more

4 hours ago

Thomas Cook India and SOTC Travel have highlighted growing consumer interest in tea-inspired experiential tourism across India as travellers increasingly seek nature-led, wellness-oriented and culturally immersive domestic holidays. The companies have curated plantation-focused travel experiences across destinations including Munnar, Darjeeling, Assam, Nilgiris, Palampur and Wayanad. According to the companies, tea tourism is evolving beyond plantation visits into a broader experiential segment combining wellness, heritage, adventure travel and slow-living experiences. The trend reflects increasing demand for domestic travel experiences centred around local culture, nature, sustainability and regional storytelling.Read more

5 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) recently conducted a workshop focused on developing Amaravati as an accessible and inclusive capital city. The session brought together more than 80 architects, planners, engineers, consultants, accessibility experts and government officials to discuss universal design, inclusive infrastructure and barrier-free urban planning. Experts from institutions including LV Prasad Eye Institute, Surbana Jurong, DP Architects Singapore and Ekansh Trust shared global practices and practical solutions for accessible public spaces. The workshop also included an access audit exercise and discussions on creating equitable urban systems for people of all ages and abilities.Read more

6 hours ago

• Keturah has cited government-led policy support and changing buyer preferences as key drivers behind the rapid expansion of wellness-focused real estate developments in the UAE.
• A report released by the Global Wellness Institute stated that wellness real estate accounted for more than 12% of total construction activity in the UAE, with the market expanding from USD 3.3 billion in 2017 to USD 14.6 billion in 2025.
• The report said over 555,000 wellness-oriented residential units are currently planned across the UAE and Saudi Arabia, while the global wellness real estate market is projected to grow from USD 876 billion in 2025 to USD 1.8 trillion by 2030.
• Keturah highlighted its ongoing Dubai developments, including The Ritz-Carlton Residences at Keturah Resort and the AED 5.7 billion Keturah Reserve project, as examples of wellness-led residential planning.
• Industry stakeholders stated that wellness-focused housing is increasingly being linked to long-term value retention, community-focused living and nature-integrated urban development.Read more

7 hours ago

K Raheja Corp has launched a ‘Reverse Mentoring’ initiative aimed at strengthening cross-generational learning and leadership development across its businesses, including Mindspace REIT, Chalet Hotels, Inorbit Mall and K Raheja Corp Homes. Introduced as a long-term people development programme, the initiative enables mid and junior-level employees to mentor senior leaders on themes such as digital transformation, artificial intelligence, changing workplace expectations, customer behaviour and future-ready skills. The programme has completed its first cohort and involves structured one-on-one sessions over three to four months between mentors and leadership participants. The real estate conglomerate stated that the initiative forms part of its broader employee engagement and leadership development framework focused on collaboration, inclusivity and organisational learning within evolving workplace environments.Read more

8 hours ago

Erez Asset Management has called on shareholders of UMH Properties to vote against board director Matthew Hirsch at the company’s upcoming shareholder meeting. The investor, which holds nearly 4% stake in the real estate investment trust, said the company needs leadership changes and blamed the board for weak shareholder confidence and poor capital allocation decisions. The move comes as UMH’s stock has declined nearly 10% over the past year, underperforming some industry peers. Proxy advisory firm ISS has also recommended withholding support for Hirsch while backing the company’s other directors.Read more

9 hours ago

• Peripheral locations including Karjat, Neral, Panvel, Khopoli, Lonavala and Alibaug are witnessing increased residential and investment interest as Mumbai faces land scarcity and rising urban density.
• Developers are incorporating artificial water bodies, lagoons and landscaped water features into projects to attract buyers seeking nature-oriented and wellness-driven living environments.
• Industry stakeholders said improved infrastructure connectivity, lower-density development and larger land availability are encouraging both developers and investors to expand into these micro-markets.
• ORA Group stated that it is developing a man-made lagoon within its Karjat project as part of a broader waterfront residential concept.
• Real estate consultants said hybrid work trends and expanding physical infrastructure are expected to support long-term appreciation potential across Mumbai’s peripheral residential corridors.Read more

10 hours ago

• Prestige Estates Projects Ltd reported a nearly 10-fold rise in consolidated net profit to INR 250.1 crore for the quarter ended March 31, 2026.
• Net profit stood at INR 25 crore in the same period last year, supported by higher income.
• Total income more than doubled to INR 4,143.5 crore in the January–March quarter of FY2025–26.
• For the full fiscal year, net profit rose to INR 1,195.5 crore from INR 467.5 crore in the previous year.
• Total annual income increased to INR 13,195.5 crore from INR 7,735.5 crore in FY2024–25.Read more

11 hours ago

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Grama Sabha in Krishnayapalem as part of the ongoing land acquisition and infrastructure development process for Amaravati. Officials informed villagers that land acquisition notices were issued after multiple discussions with farmers who had not joined the Land Pooling Scheme (LPS), while also clarifying that eligible landowners still have time to opt for the scheme. The meeting also focused on village infrastructure issues, including drinking water supply and dust pollution caused by construction vehicles. APCRDA said special engineering teams would be formed to improve civic and LPS infrastructure across Capital Region villages.Read more

12 hours ago

• Colliers India has estimated that India’s planned solar and wind energy expansion could generate USD 10–15 billion in land aggregation and acquisition opportunities by 2030.
• India’s installed renewable energy capacity stood at 251 GW in 2025, with solar and wind accounting for nearly three-fourths of the total capacity mix.
• The consultancy expects 270–300 GW of additional solar and wind capacity to be added by 2030, requiring nearly seven lakh acres of land across multiple states.
• Renewable energy OEMs are projected to lease 4–7 million sq ft of Grade A industrial and warehousing space annually by 2030, contributing 10–15 per cent of total demand.
• The report highlights growing opportunities for land developers, industrial real estate players, EPC firms and logistics operators as renewable energy infrastructure expands across India.Read more

13 hours ago

• IPL Biologicals Ltd has opened its third manufacturing facility in Vadodara, Gujarat, with an investment of INR 200 crore.
• The new plant will manufacture biofertilisers, biopesticides and crop health products, taking the company’s total production capacity to 25,000 kilolitres annually.
• Spread across 12 acres, the facility includes automated systems, zero-liquid-discharge operations and 500-kilowatt captive solar power generation.
• The company plans an additional investment of INR 210 crore in the next phase while expanding product registrations across 15 countries.
• IPL Biologicals said the expansion supports India’s push to reduce chemical fertiliser usage and promote sustainable farming solutions.Read more

23 May 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) held a Gram Sabha in Venkatapalem to discuss land acquisition and development activities linked to the Amaravati capital project. APCRDA Commissioner V. Vijayaramaraju said unresolved issues in capital villages would be taken up on priority and assured villagers that regular meetings would continue. Officials clarified that farmers whose lands fall under acquisition notifications can still opt for the Land Pooling Scheme (LPS) within the prescribed timeline. The authority also announced plans for village-wise infrastructure teams, night patrolling, road connectivity improvements and quality monitoring of construction works with support from IIT Madras experts.Read more

23 May 2026

• Pending home sales in the US rose for the third consecutive month in April, supported by a brief dip in mortgage rates.
• The National Association of Realtors reported a 1.4% monthly increase, which was higher than economists’ expectations of 1.0%.
• Regional trends were mixed, with strong gains in the Northeast and Midwest, while the South saw a decline.
• Despite the rise, overall housing demand remains weak due to high borrowing costs and tight housing supply.
• Economists expect subdued market activity to continue as affordability pressures and elevated mortgage rates persist.Read more

23 May 2026

• Ladakh administration has granted industry status to registered hotels and guest houses, effective from June 1, 2026.
• Hospitality units will now get industrial electricity and water tariffs instead of higher commercial rates.
• The decision will benefit over 1,250 hotels and guest houses across Leh and Kargil.
• Hotels and guest houses will also become eligible for subsidies, concessional loans and property tax exemptions.
• The move is expected to support tourism infrastructure, improve business viability and encourage investment in Ladakh’s hospitality sector.Read more

23 May 2026

• Domicil, the German furniture brand owned by HTL International, is expanding its wellness-focused seating portfolio in India through its Zero Gravity recliner collection.
• The recliner range has been designed around ergonomic and wellness-oriented seating concepts, including a recline angle intended to reduce spinal pressure and improve comfort during extended use.
• The company said growing consumer interest in comfort-led living and wellness-oriented home interiors is driving increased demand for recliner seating solutions across Indian households.
• The collection includes recliner sofas and single-seater formats equipped with touch-button controls, charging ports and integrated utility features aimed at modern residential layouts.
• Industry executives stated that recliners are increasingly being positioned as everyday lifestyle furniture rather than occasional luxury additions within residential interiors.Read more

23 May 2026

James Hardie Industries reported a decline in its annual performance, with profit falling 8% for the year ended March 31. The company posted an adjusted net income of USD 595.7 million, compared to USD 644.3 million in the previous year. The result also came slightly below market expectations of USD 597.7 million. The fibre cement major cited adverse weather conditions that disrupted construction activity across key regions, along with ongoing inflation and affordability pressures that continued to weigh on housing demand. The overall environment remained challenging for residential construction-linked materials.Read more

23 May 2026

Uttar Pradesh Real Estate Regulatory Authority has directed banks and developers to ensure that homebuyers’ funds deposited in mandatory RERA escrow accounts are not used for assured return or guaranteed income schemes. The regulator said several developers were diverting project funds towards financial commitments unrelated to construction, affecting execution timelines and buyer interests. UP RERA stated that escrow funds can only be utilised for construction and land costs under the Real Estate (Regulation and Development) Act, and asked banks to strengthen monitoring and compliance with revised fund utilisation norms.Read more

23 May 2026

Dubai Holding Asset Management has started construction work on its Lantana Hills residential development and awarded the AED 680 million construction contract to Group AMANA. The announcement was made through the Dubai Media Office. The project is part of the company’s premium community development plans in Dubai as demand for high-end housing continues to grow across the emirate. Dubai’s residential market has remained active over the past few years, supported by population growth, strong investor interest, and large-scale infrastructure expansion. Developers across the city have continued to launch new residential communities to meet rising demand in both luxury and mid-segment housing markets.Read more

23 May 2026

BHIVE Workspace has expanded its presence in Bengaluru’s Whitefield office market through a new managed workspace campus at Concorde Econex, located along the ORR–Whitefield corridor. The company stated that the upcoming campus will accommodate more than 3,000 seats and is being developed as a premium “BHIVE Platinum” facility with an investment exceeding INR 30 crore. The project, developed in partnership with Concorde, reflects rising demand for flexible and experience-led office spaces across Bengaluru’s eastern commercial corridor. The campus will offer multiple workspace formats, lifestyle-focused amenities, collaborative infrastructure and public-facing recreational facilities as flexible workspace operators continue expanding within key Grade A office micro-markets.Read more

23 May 2026

SoftTech Engineers Limited has launched a Single Window Approval System aimed at streamlining approvals for electric vehicle infrastructure and wayside amenities along national highways under the National Highway Electric Vehicle (NHEV) initiative. The digital platform is designed to integrate approvals related to land allocation, lease processing, design clearances, construction permits and operational authorisations within a unified ecosystem. According to the company, the system has been developed to support the government’s Ease of Doing Business objectives while accelerating deployment of EV charging infrastructure across highway corridors. The platform will cater to policymakers, developers, investors and service providers through centralised workflows, real-time project tracking and digitised compliance management.Read more

23 May 2026

The Navi Mumbai Municipal Corporation has identified 504 dangerous buildings across its jurisdiction for 2026-27 following a department-wise structural survey conducted under Section 264 of the Maharashtra Municipal Corporation Act. Of these, 52 buildings have been classified under the highly dangerous C-1 category requiring immediate evacuation and demolition. The civic body has warned residents against continuing residential or commercial use of unsafe structures, especially during the monsoon season, citing risks to life and property. The complete list has been made available on the corporation’s official website along with category-wise details and occupancy status.Read more

23 May 2026

IndiFrame has secured a mandate to supply window and door systems for the Midtown residential project in Nalasopara West being developed by Innovision Estates. The G+20 development marks IndiFrame’s entry into the Nalasopara micro-market and includes the supply of sliding windows, casement windows and ventilator systems using uPVC technology. The company stated that the project reflects increasing demand from developers for organised and execution-focused building material partners in residential construction. Midtown is positioned as a large-format residential development in Mumbai’s suburban belt, where infrastructure growth and housing demand are continuing to drive new project launches and urban expansion.Read more

23 May 2026

Kiku Sharda has received possession of an apartment at Skyz by Danube, a residential development by Danube Properties located in Arjan, Dubai. The fully furnished residential tower forms part of Dubai’s expanding mid-premium housing market and offers lifestyle-focused amenities targeted at both investors and end-users. The developer stated that the handover reflects continued investor interest in Dubai’s residential market, particularly among international buyers and celebrities. The development comes amid sustained demand for Dubai real estate driven by rental returns, investor-friendly regulations and ongoing infrastructure expansion across the emirate’s residential and commercial sectors.Read more

23 May 2026

Casagrand has launched a new residential project, Casagrand Moondance, near Mysore Road in Bengaluru, focusing on spacious low-rise living and larger community spaces. Spread across 8.6 acres, the project will have 504 units in 2 and 3 BHK configurations built across B+G+4 structures. The development includes over 71,500 sq. ft. of themed courtyards, nearly 4.5 acres of open space and more than 65 lifestyle amenities. Located around 15 minutes from RR Nagar, the project is expected to benefit from Metro and NICE Road connectivity while catering to homebuyers looking for less congested residential environments in West Bengaluru.Read more

23 May 2026

Techno Digital, the digital infrastructure arm of Techno Electric & Engineering Company Limited, has commissioned its Mumbai Edge Data Center in Mahalaxmi, South Mumbai, in partnership with RailTel Corporation of India. Developed as a Rated-3 facility, the edge data centre has been positioned to support low-latency enterprise applications and real-time digital workloads in Mumbai’s financial and commercial districts. The company stated that the facility delivers latency of less than 150 microseconds from BSE at Nariman Point and less than 250 microseconds from NSE in BKC. The commissioning forms part of Techno Digital’s wider strategy to establish a distributed edge infrastructure network across more than 100 Indian cities through its partnership with RailTel, with additional facilities planned in the coming months.Read more

23 May 2026

Vedanta Ltd’s subsidiary Talwandi Sabo Power Ltd (TSPL) has been directed by the Supreme Court to pay around INR 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd (PSPCL). The decision restores an earlier order by the Punjab State Electricity Regulatory Commission (PSERC) after overturning a ruling by the Appellate Tribunal for Electricity (APTEL). The case concerns a penalty linked to alleged misdeclaration of power availability in January 2017 under the Grid Code. TSPL operates a 1,980 MW coal-based plant in Punjab and supplies full generation to PSPCL.Read more

23 May 2026

• Inflection Point Ventures announced 16 exits during FY2026, reporting a blended internal rate of return (IRR) of 41.01% and a money-on-money (MoM) multiple of 2.86x across transactions.
• The exits included both partial and full transactions across sectors, with Secret Alchemist delivering the highest reported return at 192% IRR and 4.56x MoM, followed by Aerem, Qubehealth and Kazam.
• Strategic acquisitions of GeoiQ and AFK Gaming by Lenskart and Nodwin Gaming respectively formed part of the exit slate, alongside secondary transactions involving institutional investors and family offices.
• IPV stated that 26 portfolio startups also completed follow-on transactions during FY2026, generating a blended IRR of 84.22% and a 3.33x MoM multiple through structured secondary deals.
• The investment platform said increasing institutional participation, repeat secondary buyers and continued follow-on funding activity reflected growing confidence in IPV-backed startups despite broader liquidity challenges in India’s early-stage investment ecosystem.Read more

23 May 2026

eXp Realty India has reported that the number of RERA-registered real estate agents in India crossed 100,000 in 2025, reflecting continued expansion and formalisation within the country’s brokerage sector. Based on an analysis of Ministry of Housing and Urban Affairs (MoHUA) data between 2018 and 2025, the report found that the registered agent base increased from 27,073 in 2018 to 105,712 in 2025, representing growth of 19.1% in the latest period alone. The company stated that the rise in registrations indicates increasing participation in organised brokerage activity following the implementation of the Real Estate (Regulation and Development) Act. The report also highlighted growing adoption of technology-led and platform-based brokerage models as agents seek operational flexibility, digital tools and wider market access across India’s expanding real estate sector.Read more

23 May 2026

• Adani Power will acquire a 24% stake in key thermal power assets of Jaiprakash Power Ventures for INR 4,194 crore.
• The transaction includes stakes in operational thermal power projects and associated infrastructure assets linked to JPVL’s power business.
• The acquisition forms part of Adani Power’s ongoing capacity expansion strategy across India’s thermal power sector.
• The deal is subject to regulatory approvals and customary closing conditions, according to company disclosures made in the past week.Read more

23 May 2026

The Karnataka Lokayukta has uncovered alleged financial irregularities worth over INR 23 crore in Pradhan Mantri Awas Yojana (PMAY-Urban) housing projects in Belagavi district. The investigation relates to PMAY houses developed in Ramdurg town, where officials and contractors allegedly cleared fake bills and inspection records despite several homes remaining incomplete. Authorities found that around INR 29.45 crore was released for the project between 2019 and 2024, while construction material worth only about INR 6.1 crore reportedly reached beneficiaries. Multiple raids were conducted across Karnataka and documents linked to project approvals, inspections and billing were seized for further investigation.Read more

23 May 2026

• Institutional investors increased holdings in AI infrastructure, semiconductor, data centre and utility companies during the first quarter of 2026, according to SEC filings reviewed by Reuters.
• Companies such as Oracle, Arista Networks, Vertiv and Digital Realty saw strong institutional buying activity.
• Investors remained cautious on major technology firms within the “Magnificent Seven” group, including Meta and Microsoft, amid concerns over AI spending and growth sustainability.
• The software-as-a-service sector witnessed net selling pressure as investors assessed the possible impact of AI on traditional business models and profitability.
• Semiconductor stocks continued to attract strong investor interest, with more than 4,100 institutions either increasing holdings or initiating fresh positions during the quarter.Read more

23 May 2026

Alliance City Developers Realtors Pvt. Ltd. has announced that its residential project, Alliance Abhimanyu, located at Mith Chowky in Malad West, is nearing possession. Registered under MahaRERA (P51800052607), the project comprises 2 BHK and 3 BHK apartments ranging from 600 sq ft to 821 sq ft in RERA carpet area. Positioned along Marve Road, the development is located near key transport and social infrastructure, including the Valnai Metro Station, Western Express Highway, schools, hospitals and retail centres. The developer stated that the project includes amenities such as a landscaped sky garden, gymnasium, podium parking, yoga deck and CCTV surveillance. Alliance City, which has completed 12 projects and is currently developing multiple schemes across Mumbai, said the project reflects its focus on timely execution and end-to-end project management across the residential development cycle.Read more

23 May 2026

CSI Properties Ltd and one of its subsidiaries have entered into a subscription agreement for an additional issue of new notes to raise gross proceeds of USD 50.875 million. The fundraising move comes as several property companies continue to explore debt refinancing and liquidity management amid cautious market conditions. The company disclosed the development in a regulatory filing, stating that the agreement relates to an additional notes issuance. While detailed terms of the subscription were not disclosed, the proceeds are expected to support the company’s broader financing and operational requirements.Read more

23 May 2026

• Inkers Technology has launched Kael, an AI-native construction intelligence platform aimed at improving project planning, monitoring and execution across the construction and real estate sectors.
• The platform combines predictive intelligence, operational analytics and consulting capabilities to help project teams identify risks, assess financial impact and reduce delays and cost overruns.
• Kael works alongside Observance, the company’s operational intelligence solution that uses computer vision, LiDAR and real-time analytics to create digital twins of construction sites.
• The company said the platform continuously analyses project data across schedules, drawings, reports and communication channels to deliver real-time decision support to project stakeholders.
• Inkers Technology stated that early deployments of the platform have helped project managers save up to three to four hours daily through automated reporting and real-time risk identification.Read more

23 May 2026

Reliance Power reported a consolidated net loss of INR 494 crore for the quarter ended March 31, compared with a profit of INR 125.57 crore in the same quarter last year, as per a regulatory filing in New Delhi this week. Total income declined to INR 1,946.33 crore from INR 2,065.64 crore year-on-year. For FY26, the company posted a net loss of INR 336.89 crore against a profit of INR 2,947.83 crore in FY25. Total income also dropped to INR 7,988.52 crore from INR 8,257.04 crore. The board approved fundraising plans of up to INR 6,000 crore and INR 3,000 crore in debentures.Read more

23 May 2026

Telangana Real Estate Regulatory Authority Chairman N Satyanarayana has resigned from his post citing health complications arising from prolonged hearings and administrative responsibilities, according to reports published on Wednesday. The Telangana government has accepted the resignation through an official memo issued by the Metropolitan Area and Urban Development Department. During his three-year tenure, the authority registered more than 10,800 projects and over 5,100 real estate agents while implementing reforms related to grievance redressal, digital governance and project approvals. Satyanarayana also oversaw measures concerning stalled project revival, misleading real estate advertisements and institutional strengthening within the state regulator. The resignation comes at a time when Telangana’s residential and commercial real estate markets continue to witness increased development activity and regulatory oversight.Read more

23 May 2026

Asia Pacific’s data centre sector recorded a historic USD 11.6 billion in investments during 2025, according to CBRE’s latest regional outlook report, with access to power infrastructure increasingly shaping where new developments are being planned. The report identified India, Malaysia and Australia among the key beneficiaries of this shift as artificial intelligence-led demand pushes operators and investors beyond traditional markets such as Singapore and Hong Kong SAR. Entity-level transactions across operating platforms and companies reached USD 8.3 billion during the year, while new AI-focused cloud providers, referred to as “neoclouds”, emerged as an additional source of demand. CBRE noted that developers and investors are increasingly prioritising power-secure locations, built-to-suit campuses and infrastructure partnerships to support high-density AI workloads across the region.Read more

23 May 2026

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