20 minutes ago

• Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a 2,941 sq m land parcel in Mahim (West), Mumbai.
• The acquisition involves a consideration of INR 75 crore and concerns land adjoining the company's ongoing commercial project, Suraj One Business Bay.
• Following amalgamation with the existing development, the parcel is expected to generate an additional saleable carpet area of around 1.50 lakh sq ft.
• The expanded project is estimated to have a gross development value (GDV) of about INR 800 crore, taking the combined GDV of Suraj One Business Bay to more than INR 2,000 crore.
• The transaction is expected to strengthen Suraj Estate's commercial pipeline in South-Central Mumbai and reinforce its presence in the Mahim micro-market.Read more

50 minutes ago

Unica Capital has expanded its presence in Monaco’s luxury real estate market through a USD 31.4 million investment in Le Montaigne, a landmark property located in the Principality’s prestigious Carre d’Or district. The transaction strengthens the firm’s strategy of investing in prime, supply-constrained real estate assets across key European wealth centres. Monaco continues to attract global investors due to limited land availability, strong international demand and long-term value appreciation. The investment also reflects sustained interest in trophy assets across Europe’s ultra-prime property markets despite broader economic and geopolitical uncertainties.Read more

Mumbai News Desk

1 hour ago

The Brihanmumbai Municipal Corporation (BMC) is set to reissue its tender for a city-wide smart parking system after the earlier bidding process failed to attract suitable participants. Revised conditions include the removal of property tax liabilities for operators of public parking facilities and changes to financial eligibility norms. The PPP-based project aims to introduce an integrated digital parking network across Mumbai, incorporating real-time occupancy tracking, online reservations, sensors, video analytics and automated access systems to improve parking management.Read more

1 hour ago

India’s commercial real estate sector is undergoing a structural transformation, driven by the rapid expansion of Global Capability Centres (GCCs), increasing demand for flexible office formats and growing interest in Tier-II cities. A new industry report highlights how office real estate is shifting from traditional ownership models to technology-enabled, subscription-based workspaces that offer greater flexibility and scalability. With GCCs expected to significantly expand their footprint by 2030, flexible workspaces are emerging as one of the fastest-growing segments within the country’s commercial real estate market.Read more

2 hours ago

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the construction of seven foot over bridges (FOBs) along the 11-km Metro Line 9 corridor connecting Dahisar East and Mira-Bhayandar. Planned under the authority’s Multi-Modal Integration (MMI) initiative, the bridges aim to improve pedestrian safety, station accessibility and last-mile connectivity. The project will cover key locations along the Western Express Highway and Mira-Bhayandar Road and will include lifts, staircases and CCTV surveillance. With Metro Line 9 nearing completion, the pedestrian infrastructure is expected to support safer movement and smoother passenger dispersal across the corridor.Read more

2 hours ago

Private equity firm New Mountain Capital has agreed to acquire Asset Living, a US-based residential property management company, in a transaction valued at more than USD 2 billion. The deal includes Asset Living’s owned real estate portfolio and proprietary technology platform. CEO Ryan McGrath is expected to remain involved in the business following the acquisition. The transaction comes amid growing investor interest in residential property management firms, which offer recurring revenue streams and exposure to rental housing demand. Asset Living manages multifamily, student and affordable housing communities across more than 40 US states.Read more

Lucknow News Desk

3 hours ago

Lucknow Metro will begin issuing and accepting the National Common Mobility Card (NCMC) from June 15 under UPMRC’s integrated ticketing initiative aimed at enabling seamless travel across transport systems. The rollout comes amid commuter complaints over disruptions in smart card services and shortages of metro cards at several stations. UPMRC said the NCMC-based system will support interoperable payments and reduce dependence on closed-loop metro cards while improving convenience for passengers using public transport networks.Read more

3 hours ago

Gujarat Real Estate Regulatory Authority (GujRERA) has initiated a review of government-backed and public sector real estate projects that have received extensions to their registration timelines. The regulator has reportedly sought detailed information on the reasons for delays, revised completion schedules and project progress from various government agencies and authorities. The exercise is aimed at strengthening project monitoring, improving transparency and ensuring timely completion of projects registered under the Real Estate (Regulation and Development) Act, 2016.Read more

Mumbai News Desk

4 hours ago

The Chembur station on Mumbai Metro Line 2B has received safety clearance from the Commissioner of Metro Rail Safety (CMRS), clearing a key hurdle for operationalising the long-awaited Metro–Monorail interchange in eastern Mumbai. The approval is expected to facilitate seamless transfers between Metro Line 2B, the Mumbai Monorail and the suburban rail network, strengthening multimodal connectivity in the Chembur area. The development comes after a series of inspections, safety audits and integration works undertaken by project authorities, with the interchange expected to improve accessibility and support higher ridership across the corridor.Read more

Mumbai News Desk

4 hours ago

• Western Railway has completed the launch of 19 steel girders for a new 12-metre-wide foot overbridge at Marine Lines station as part of station upgrade works.
• The operation was carried out during a scheduled overnight traffic and power block using heavy lifting equipment and a large workforce to minimise disruption to suburban services.
• The new bridge is expected to improve passenger circulation, reduce congestion on platforms and enhance commuter safety at one of Mumbai’s busiest suburban stations.Read more

5 hours ago

• Maharashtra has recorded 23 cooperative housing society registrations through its fully online registration system within two months of launch.
• The digital process is being implemented through the Aaple Sarkar portal to reduce paperwork and administrative delays.
• Officials said the system aims to simplify approvals, curb intermediary involvement and improve transparency.
• The initiative is expected to support faster registration of housing societies across urban centres including Mumbai and Pune.Read more

Hyderabad News Desk

5 hours ago

Hyderabad’s commercial real estate market has recorded a new benchmark after a prime land parcel in Raidurg was auctioned at approximately INR 237 crore per acre, the highest land price recorded in the city to date. The auction, conducted by the Telangana Industrial Infrastructure Corporation (TGIIC), attracted strong interest from developers and investors, reflecting growing demand for premium commercial land in Hyderabad’s technology corridor. The transaction has reinforced Raidurg’s position as one of the country’s most sought-after business districts and highlights the continued momentum in the city’s office-led real estate market.Read more

6 hours ago

• CREDAI Visakhapatnam has proposed a project ID-based system to simplify housing registration processes.
• The industry body said the mechanism could help reduce documentation requirements and improve verification efficiency.
• Developers have sought integration of project-related data with registration procedures to minimise delays.
• The proposal aims to improve transparency, ease property transactions and support faster processing within the housing registration framework.Read more

6 hours ago

Puravankara Limited has entered into a Joint Development Agreement (JDA) for an 11.23-acre land parcel at Doddagubbi in North Bengaluru, where it plans to develop a residential apartment project with an estimated gross development value (GDV) of INR 1,100 crore. The development will comprise approximately 0.74 million sq ft of saleable area and forms part of the company’s ongoing expansion strategy in key urban micro-markets. The announcement comes after the developer reported record annual sales of INR 7,407 crore in FY26 and outlined a FY27 sales target of INR 11,200 crore. The project strengthens Puravankara’s pipeline in Bengaluru, which now represents more than INR 13,800 crore in GDV across multiple residential developments.Read more

Gurugram News Desk

7 hours ago

GMDA is planning three new flyovers along the upcoming Gurugram metro corridor between Millennium City Centre and Bakhtawar Chowk to create a signal-free traffic stretch. The proposed structures are aimed at easing congestion at key intersections along Netaji Subhash Marg and improving connectivity towards Dwarka Expressway. The project forms part of a broader mobility strategy to accommodate future traffic growth linked to the under-construction metro network and rapidly developing residential and commercial areas across the city.Read more

7 hours ago

• Recovery of dues and enforcement of orders under Maharashtra Real Estate Regulatory Authority has continued to face delays despite appointment of additional officers.
• Homebuyers seeking refunds and compensation under passed orders remain affected due to slow execution of recovery mechanisms.
• The system was strengthened through administrative staffing changes aimed at improving enforcement efficiency and reducing pendency.
• However, operational bottlenecks in recovery execution have meant limited improvement on-ground, leaving many cases unresolved across Maharashtra’s real estate projects.Read more

8 hours ago

• Family offices of Godrej Group, JSW Group, Macrotech Developers and Sattva Group have invested in real estate platform Sila.
• The investment comes as Sila expands its operations across property management, facility management and real estate advisory services.
• The transaction highlights rising family office interest in real estate service platforms amid growing institutionalisation of India’s property sector.Read more

8 hours ago

Citizens and urban transport experts have opposed the proposed INR 12,200 crore Thane Integrated Ring Metro project, alleging serious planning deficiencies, route inefficiencies and environmental concerns. Activist groups and transport specialists have argued that the 29-km loop line suffers from flawed ridership assumptions, overlaps with existing and planned corridors, and bypasses densely populated areas that require better connectivity. They have also raised concerns over potential tree felling and demanded a halt to ongoing works until an independent review of the Detailed Project Report (DPR) is conducted.Read more

9 hours ago

BigBloc Construction Ltd reported consolidated revenue from operations of INR 283.42 crore for FY26, marking a 26.2% increase from the previous financial year, supported by steady demand and operational improvements across its markets. The AAC block manufacturer recorded EBITDA of INR 22.93 crore, while profitability remained under pressure from geopolitical disruptions and ongoing expansion activities. During the year, the company entered the construction chemicals segment through a new facility at Umargaon, secured further approvals for its proposed Indore manufacturing plant, completed a subsidiary merger, and expanded its rooftop solar capacity to 3,340 KW. The company also reported strong quarterly growth, with revenue rising 34.6% year-on-year in the January–March quarter.Read more

10 hours ago

• The Delhi Pollution Control Committee (DPCC) is preparing to roll out Dust Portal 2.0, an upgraded digital platform that will use artificial intelligence to monitor dust mitigation compliance at construction and demolition sites across the capital.
• The system will integrate AI-based analytics, geotagged inspections and real-time monitoring tools to strengthen enforcement of dust control regulations.
• Construction projects exceeding 500 square metres will continue to be required to register on the portal and submit compliance-related information.
• Authorities aim to improve tracking of pollution violations, automate scrutiny processes and enhance accountability among developers and contractors.
• The initiative forms part of Delhi’s broader strategy to address particulate pollution generated by large-scale construction activity and urban infrastructure development.Read more

11 hours ago

• Bhiwandi has received India’s first all-weather pedestrian subway, designed to provide uninterrupted connectivity and safer commuter movement throughout the year.
• The infrastructure is aimed at improving station access, reducing congestion and ensuring seamless pedestrian circulation during heavy rainfall and adverse weather conditions.
• The project forms part of broader efforts to modernise transport infrastructure and enhance commuter facilities across the Mumbai Metropolitan Region.Read more

12 hours ago

Kochi-based Kings Infra Ventures Limited reported a 30.13% year-on-year increase in revenue for FY2025-26, with turnover rising to INR 162.15 crore from INR 124.63 crore a year earlier. The company also recorded growth across profitability metrics, including EBITDA, profit before tax and profit after tax. The performance came during a transition period following the passing of founder and former Chairman and Managing Director Late Shaji Baby John. Led by Managing Director Baby John Shaji, the company sharpened its focus on aquaculture and export operations, which supported farm-level growth and operational performance. The company has also outlined a five-pillar strategy for FY2026-27 aimed at strengthening efficiency, technology adoption, partnerships and revenue generation across its aquaculture and seafood businesses.Read more

Noida News Desk

13 hours ago

• The Noida Authority has floated a tender worth INR 18.8 crore to install sound barriers along the Bhangel Elevated Road.
• The project aims to reduce traffic-related noise for residential neighbourhoods and institutions located along the corridor.
• Authorities expect the intervention to improve the urban environment around one of the city’s busiest elevated road stretches.Read more

14 hours ago

• The Chandigarh administration has proposed permitting fragmentation of industrial plots measuring four kanal or more in Industrial Area Phase I and Phase II as part of amendments to the Chandigarh Master Plan (CMP)-2031.
• The move forms part of the administration’s ongoing Deregulation-II exercise aimed at improving industrial land utilisation and supporting business activity.
• Larger industrial plots could be subdivided into smaller units, subject to revised planning approvals, zoning compliance and conditions under a separate fragmentation policy.
• The proposal is expected to improve access to industrial space for MSMEs, startups and service-sector businesses that often find larger plots financially inaccessible.
• The administration is also considering broader industrial reforms, including mixed land use, higher development flexibility and ease-of-doing-business measures.Read more

15 hours ago

• A proposal seeking INR 350 crore from the Airports Authority of India (AAI) has been submitted to extend the runway at Tiruchirappalli International Airport.
• The project aims to enhance aircraft operations and support rising passenger and cargo traffic.
• Stakeholders believe the expansion will strengthen Trichy’s role as a major aviation hub in central Tamil Nadu.Read more

16 hours ago

• The Greater Chennai Corporation (GCC) has introduced a fixed timeline of 27 days for processing and issuing planning permissions and building permits.
• The new framework mandates end-to-end online processing, including document scrutiny, inspections, fee payments and grievance redressal.
• Applications with complete and compliant documentation can receive approvals within 18 days, while building permits linked to CMDA-approved projects must be issued within seven days.
• Officials have been directed to follow a first-in, first-out system and adhere to stage-wise deadlines to improve transparency and accountability.
• The move aims to address long-standing concerns over approval delays and strengthen time-bound service delivery in Chennai’s real estate and construction sectors.Read more

02 Jun 2026

• The Himachal Pradesh High Court has intensified scrutiny of alleged irregularities linked to the Chester Hills housing project in Solan district and directed authorities to place detailed records before the court.
• The court is examining issues related to project approvals, land-use permissions, construction activities and compliance with planning regulations.
• State authorities, including town planning and local administration departments, have been asked to submit status reports and relevant documents connected with the development.
• The proceedings form part of an ongoing judicial review into alleged violations and administrative lapses associated with the residential project.
• The court has also sought clarity on the role of officials involved in granting permissions and monitoring compliance during the project’s execution.Read more

02 Jun 2026

• The Tiruchirappalli City Corporation has commenced work on a new motorable bridge across the Uyyakondan Canal at an estimated cost of INR 1.1 crore.
• The project is aimed at improving traffic movement and reducing congestion along the busy Vayalur Road corridor.
• Once completed, the bridge is expected to strengthen local connectivity and provide an alternative route for commuters in the surrounding neighbourhoods.Read more

02 Jun 2026

• The Reserve Bank of India (RBI) reported a 4.2% year-on-year increase in the All India House Price Index (HPI) for the January–March quarter of FY26.
• The growth was higher than the 3.8% rise recorded during the corresponding period of the previous financial year.
• Cities including Nagpur, Jaipur, Chandigarh and Kanpur were the key contributors to the increase in housing prices.
• On a sequential basis, the HPI rose 0.2% to 115.9 from 115.6 in the preceding quarter.
• The index is compiled using property transaction data from registration authorities across 18 major Indian cities.Read more

02 Jun 2026

• The Telangana High Court has directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) not to undertake demolition activities in Kokapet without adhering to due legal process.
• The order came in response to petitions filed by property owners who challenged demolition notices and alleged procedural lapses by the agency.
• Petitioners argued that structures were targeted without adequate opportunity to present ownership records, approvals and supporting documents.
• The court emphasised that any enforcement action involving demolition must comply with statutory requirements, including issuance of notices and granting hearings to affected parties.
• The case forms part of a growing series of legal disputes linked to HYDRAA’s enforcement drives against alleged encroachments and unauthorised developments in the Hyderabad metropolitan region.Read more

02 Jun 2026

Shriram Properties reported a return to annual profitability in FY26, driven by higher revenue from operations, improved project execution and stronger earnings during the year. The Bengaluru-based developer posted a net profit compared to a loss in the previous fiscal, while fourth-quarter results also showed significant growth in both revenue and profit. Alongside approving its audited financial results, the company's board cleared the acquisition of partner stakes in four joint venture projects, a move aimed at increasing ownership and operational control. The developments reflect the company's focus on strengthening its project portfolio and improving financial performance amid sustained demand in the residential housing market.Read more

02 Jun 2026

• The Tamil Nadu government has confirmed the continuation of its free bus pass scheme for school and college students for the 2026-27 academic year.
• Free travel passes will be issued through educational institutions as schools and colleges across the state begin reopening from June 4.
• Students will be allowed to travel without payment during the interim period while passes are being processed and distributed.
• Government college students can continue to access free bus services by producing institution-issued identity cards.
• The transport department has deployed monitoring teams and issued operational instruRead more

02 Jun 2026

• South Western Railway has initiated scheduled maintenance works at the Lowry Road Underbridge (RUB) near KR Puram in Bengaluru in early June 2026, triggering phased traffic restrictions across key eastern corridors.
• Traffic movement is impacted across KR Puram, Ramamurthy Nagar, ITI Colony, ITPL and Whitefield, which together form a major residential and IT commuting network.
• Authorities have implemented diversions via the KR Puram cable-stayed bridge and adjoining arterial roads, with both full and partial closures planned between June 4 and June 9, including limited night-time restrictions.Read more

Mumbai News Desk

02 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) has received interest from 13 institutions for its maiden INR 1,000 crore green bond issuance process.
• The current stage involves selection of a merchant banker to structure and manage the proposed bond issue.
• The green bond is expected to finance environment-focused urban infrastructure projects in Mumbai, strengthening sustainable financing frameworks for civic development.
• The strong participation indicates institutional confidence in municipal bond-led funding mechanisms as urban local bodies explore diversified capital-raising avenues.
• The initiative marks a key step in BMC’s efforts to tap capital markets for infrastructure development.Read more

02 Jun 2026

• Andhra Pradesh is planning a INR 3,500 crore furniture manufacturing hub near Gudur.
• The proposed cluster is expected to support large-scale furniture production and attract domestic and international investment.
• Officials said the project will focus on strengthening manufacturing infrastructure, employment generation and industrial development.
• The initiative forms part of the state’s broader strategy to expand industrial clusters and boost manufacturing-led economic growth.Read more

Gurugram News Desk

02 Jun 2026

• Airbnb has leased 46,437 sq ft of office space in DLF Cyber City, Gurugram, for its Global Capability Centre (GCC).
• The lease is for a five-year term at a monthly rent of about INR 61.53 lakh, as per transaction documents.
• The deal highlights continued expansion of GCC-led leasing activity in India’s Grade-A office market.
• The space is located within one of Gurugram’s key commercial office hubs, strengthening Airbnb’s operational footprint in India’s corporate services ecosystem.Read more

02 Jun 2026

• The Supreme Court has ruled that the Navi Mumbai Municipal Corporation (NMMC) is the competent authority to levy and collect property tax in the Thane Trans Creek (TTC)-MIDC industrial area.
• The judgment brings an end to a legal dispute that has been ongoing for more than two decades between industrial associations and civic authorities over taxation powers in the corridor.
• The ruling clarifies the distinction between municipal taxes and service charges collected by the Maharashtra Industrial Development Corporation (MIDC), while also addressing the applicability of tax exemptions in the industrial belt.
• The decision is expected to pave the way for recovery of substantial pending property tax dues from industrial units operating in the region.Read more

02 Jun 2026

• Belagavi Airport’s new Terminal 2 is nearing completion, bringing a major upgrade to aviation infrastructure in northern Karnataka.
• Developed at an estimated cost of INR 223 crore, the terminal blends modern facilities with architectural elements inspired by the region’s heritage.
• The project is expected to enhance passenger handling capacity and strengthen Belagavi’s role as a key regional aviation hub.Read more

02 Jun 2026

• Indian Renewable Energy Development Agency (IREDA) reported a net profit of INR 492.63 crore for the March quarter, down 1.77% from INR 501.55 crore recorded a year earlier.
• The decline in quarterly profit came despite higher income growth, as expenses increased significantly during the reporting period.
• For FY26, the state-owned renewable energy financier posted its highest-ever annual profit of INR 1,874 crore, compared with INR 1,698 crore in FY25.
• Loan sanctions, disbursements and the overall loan book registered year-on-year growth, reflecting continued expansion of renewable energy financing activities.
• The board has recommended a final dividend of INR 0.75 per equity share, taking the total dividend for FY26 to INR 1.35 per share, subject to shareholder approval.Read more

Mumbai News Desk

02 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) demolished around 150 residential and commercial structures in Mulund’s Amar Nagar and Khindipada areas to clear land for the Goregaon-Mulund Link Road (GMLR) project. Civic authorities said the action followed a rehabilitation survey conducted in 2022, under which eligible residents were allotted rehabilitation flats in Kanjurmarg. Several affected residents, however, alleged errors in the eligibility survey and claimed they were excluded from rehabilitation benefits despite residing in the area for years.Read more

02 Jun 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of award worth approximately INR 2,002 crore across its core business verticals. The contracts include power transmission and distribution projects in international markets, building and factory projects within India, and a railway sector order. The latest wins strengthen the company’s presence in key overseas regions, particularly the Middle East and Nordic countries, while also expanding its domestic order book. The development reflects continued demand across infrastructure segments where KPIL operates, including power, urban mobility, railways and industrial construction. The company currently executes projects in more than 30 countries and maintains a footprint across 75 countries globally.Read more

02 Jun 2026

• The Enforcement Directorate (ED) has arrested Satinder Singh Bhasin, promoter and director of Noida-based Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL), in a money laundering investigation linked to alleged fraud involving homebuyers and investors.
• Bhasin, who is also associated with the Grand Venice Mall project in Greater Noida, was taken into custody and remanded to ED custody until June 6 by a special PMLA court in Ghaziabad.
• The case stems from multiple FIRs registered by Uttar Pradesh Police in 2015 alleging that funds collected from investors for commercial real estate units were not utilised for the promised developments.
• Investigators have alleged that money raised from the public was diverted through associated entities and group companies instead of being deployed for project construction and delivery.
• The arrest follows directions issued by the Supreme Court after the agency alleged that the promoter had not been cooperating with the investigation.Read more

02 Jun 2026

• The National Highways Authority of India (NHAI) has cleared the Kurukshetra bypass project, paving the way for the start of land acquisition activity.
• The proposed bypass spans around 28 km and is aimed at easing congestion on existing highway routes passing through Kurukshetra.
• The project is part of a broader set of road infrastructure approvals aimed at improving connectivity across Haryana’s highway network.Read more

02 Jun 2026

Aadhar Housing Finance has outlined plans to increase its assets under management (AUM) to INR 50,000 crore by FY29, supported by an anticipated 18–20 per cent annual growth in loan disbursements. The affordable housing lender ended FY26 with an AUM of INR 30,571 crore and reported a 22 per cent rise in net profit to INR 1,108 crore. The company, which primarily serves low-income homebuyers with average loan ticket sizes below INR 15 lakh, expects to maintain profit growth of 20–22 per cent. Alongside business expansion, the lender plans to open 40–45 new branches during the current financial year while continuing to strengthen its nationwide presence across 22 states and Union Territories.Read more

Mumbai News Desk

02 Jun 2026

• The Maharashtra Housing and Area Development Authority (MHADA) has identified 82 buildings across Mumbai as highly dangerous ahead of the monsoon season and has initiated precautionary measures for resident safety.
• The structures have been categorised under the ‘C-1’ classification, indicating that they are unsafe for habitation and require evacuation or demolition.
• Notices have been issued to residents and occupants, while coordination has been initiated with civic authorities, police and disaster management agencies.
• The exercise forms part of Mumbai’s annual pre-monsoon structural safety review aimed at reducing risks associated with ageing and dilapidated buildings.
• Authorities have urged occupants to vacate unsafe premises as heavy rainfall conditions are expected to increase structural vulnerability during the monsoon months.Read more

02 Jun 2026

• Germany’s EUR 500 billion infrastructure fund has missed key spending and implementation targets, according to a finance ministry report due to be released this week.
• The fund disbursed EUR 24 billion in 2025, significantly below the planned EUR 37.4 billion allocation intended to stimulate economic growth.
• Only 26 of 109 planned project milestones for 2026 had been achieved by the end of May, highlighting slower-than-expected implementation.
• Housing construction recorded a progress score of 66%, while transport, energy and digital infrastructure projects showed mixed performance.
• Despite the delays, the finance ministry estimates that investments from the fund are contributing approximately 0.5 percentage points to Germany’s gross domestic product (GDP).Read more

02 Jun 2026

• India Infrastructure Finance Company Limited (IIFCL) reported a net profit of INR 1,379 crore for FY26, a decline of 36% from INR 2,165 crore in the previous fiscal, primarily due to foreign exchange fluctuations.
• The state-owned infrastructure financier recorded its highest-ever annual sanctions of INR 57,680 crore and disbursements of INR 32,972 crore during the year.
• IIFCL's standalone loan book grew nearly 17% to INR 81,715 crore as of March 31, 2026, while cumulative standalone disbursements reached approximately INR 1.89 lakh crore.
• Asset quality strengthened significantly, with the gross non-performing asset (NPA) ratio declining to 0.4% and net NPA reducing to zero.
• The company's net worth rose to INR 17,898 crore and its capital adequacy remained well above regulatory norms, supporting continued infrastructure financing activity across sectors.Read more

02 Jun 2026

• The National Company Law Appellate Tribunal (NCLAT) has granted Mumbai-based Supreme Housing and Hospitality a final opportunity to settle outstanding dues of INR 567 crore owed to Canara Bank.
• The tribunal directed the company’s promoters to deposit INR 460 crore in a no-lien account with the bank by June 13, 2026.
• Failure to make the payment within the stipulated timeline will allow insolvency proceedings against the company to continue.
• The dispute follows multiple failed one-time settlement (OTS) attempts and prolonged litigation between the developer and the lender.
• Canara Bank has also initiated efforts to sell its loan exposure linked to the company through a debt sale process after previous recovery attempts remained unsuccessful.Read more

02 Jun 2026

• Mumbai-based Arkade Developers reported FY26 pre-sales of INR 901 crore, registering 17% year-on-year growth amid sustained residential demand across the Mumbai Metropolitan Region.
• The company posted total revenue of INR 828 crore, up 19% year-on-year, while collections reached INR 728 crore during the financial year.
• Arkade completed the acquisition of the Filmistan property in Goregaon West, Mumbai, with plans to develop an ultra-luxury residential project having an estimated GDV of INR 3,500 crore.
• A one-time accounting adjustment of around INR 182 crore linked to the transaction impacted FY26 consolidated financial statements but was described as non-operational in nature.
• The developer expanded its project pipeline to an estimated GDV of INR 12,800 crore and secured cluster redevelopment rights for nine housing societies in Kandivali East.Read more

02 Jun 2026

• Luxury hotel operators including ITC Hotels, Radisson Hotel Group and The Leela have reported strong growth in domestic leisure travel during the summer season.
• Geopolitical tensions and travel disruptions in parts of West Asia, coupled with rising international travel costs, have prompted many affluent Indian travellers to consider premium domestic alternatives.
• Hill stations, spiritual destinations, wellness retreats and heritage locations have emerged as major demand drivers, with occupancy levels and bookings exceeding last year's performance.
• Tier-2 and Tier-3 cities such as Prayagraj, Katra, Amritsar and Bhubaneswar are witnessing increased visitor interest as travellers seek authentic cultural and spiritual experiences.
• Hospitality executives indicate that experience-led tourism focused on wellness, culture, gastronomy and local immersion is shaping travel preferences across India's luxury segment.Read more