17 Dec 2025

The National Green Tribunal has allowed construction to resume at a major residential or mixed-use project in Pune�s Baner area, subject to strict environmental safeguards. The order requires the developer to install real-time air quality monitoring systems and make pollution data publicly available. Mandatory dust-control measures, including water sprinkling, material covering and wheel-washing facilities, must be followed throughout construction. Regular reporting to pollution control authorities has also been directed, with provisions to halt work if limits are breached. The decision balances development needs in one of Pune�s fast-growing residential hubs with concerns around air quality, public health and responsible urban growth.Read more

17 Dec 2025

ACME Solar Holdings Ltd clarified that its 300 MW solar power project in Rajasthan is operating without any transmission or evacuation constraints. The company said the project has received effective long-term General Network Access, allowing it to evacuate its entire capacity through dedicated transmission infrastructure. While several solar projects in the state are currently dependent on temporary grid arrangements due to pending transmission links, ACME�s project is not affected. The commissioning of a key transmission line has also eased grid constraints for thousands of megawatts of solar capacity across Rajasthan.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation has ordered a temporary halt to construction at the Prestige Towers project in Mahalaxmi after identifying violations of mandatory air pollution control norms. Inspections revealed inadequate dust mitigation measures, including insufficient barricading, lack of continuous water sprinkling and absence of required dust suppression systems. The civic body said these lapses could worsen air quality and pose health risks to nearby residents, commuters and on-site workers. The action is part of BMC�s intensified monitoring of construction sites across Mumbai, especially during periods of high pollution. Work at the site will remain suspended until all prescribed air quality and environmental safeguards are fully implemented and verified.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body�s efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

Tata Power is preparing to finalise a 10 GW wafer and ingot project, estimated at INR 6,500 crore, by January next year. The company is in discussions with multiple states, including Odisha, Tamil Nadu, and Andhra Pradesh, evaluating policies and incentives before deciding the site. The plant will complete Tata Power�s solar manufacturing integration, covering wafers, ingots, cells, and modules. The company, with a diversified 15.9 GW portfolio in thermal, solar, and wind, is also exploring entry into nuclear energy through small modular reactors (SMRs).Read more

16 Dec 2025

The Uttar Pradesh government has waived building permit and inspection fees for small residential and commercial plots after amending state building byelaws. Under the new rules, owners constructing on residential plots of up to 100 sq m and commercial plots of up to 30 sq m will not be required to pay approval-related charges. The move aims to lower construction costs, reduce procedural delays and encourage formal development. Construction approvals will now be granted through an online deemed-approval system, provided basic norms are met. The amendments also update technical definitions to align with modern building practices. The changes are expected to benefit small homeowners, local businesses and low- to middle-income groups across the state.Read more

16 Dec 2025

Ayala Land Inc. has agreed to sell its 50?% share in Alabang Commercial Center Corp, the firm behind the Alabang Town Center Mall, for PHP?13.5?billion (about INR?20,000?crore) to its long?time partner, the Madrigal family. The move is part of Ayala Land�s ongoing strategy to monetise mature assets and reinvest in future growth. The deal, announced earlier this week, will free up capital for the company�s expanding leasing portfolio and shareholder returns. Alabang Town Center has been a significant retail hub since the early 1980s and grew through multiple expansions over the decades.Read more

16 Dec 2025

The City and Industrial Development Corporation (CIDCO) has launched an e?tender to seek proposals from qualified firms, joint ventures, or consortiums to carry out a techno?commercial feasibility study for a potential third runway at the Navi Mumbai International Airport (NMIA). The six?month consultancy will assess both technical and commercial viability to support future air traffic growth and operational needs. Bidders who meet eligibility criteria will be evaluated, and the consultant will be chosen through the Least Cost Selection method. Tender details are available on CIDCO�s e?portal from mid?December.Read more

16 Dec 2025

Aditya Birla Housing Finance has launched Pragati Home Loan to expand access to affordable housing finance for low- and middle-income borrowers across India. The product is designed for salaried and self-employed customers, including those with informal income or limited documentation. Pragati Home Loan supports multiple housing needs such as home purchases, construction, resale, extensions and improvements. With loan tenures of up to 30 years and financing of up to 90 per cent of property value, the offering aims to reduce upfront and monthly repayment pressures. Digital onboarding, transparent tracking and doorstep assistance further simplify the loan process, reinforcing the company�s focus on financial inclusion and first-time homebuyers.Read more

16 Dec 2025

The Ahmedabad Municipal Corporation has sealed six well-known eateries after inspections revealed they were operating without valid licences and mandatory approvals. The action followed routine checks and public complaints, which found gaps in trade licences, fire safety clearances and regulatory permissions. Notices were issued to the establishments, but failure to submit proper documentation led to the sealing of premises. Civic officials said the move is part of a wider enforcement drive to ensure compliance with health, safety and urban regulations. The corporation has urged all food businesses in the city to verify their licences and approvals, warning that similar action will continue to protect public health and maintain regulatory discipline.Read more

16 Dec 2025

The Lucknow Development Authority (LDA) has approved layouts and finalised prices for commercial, hospital, and group housing plots in Gomtinagar Extension. These plots will be offered through an e?auction starting later this month, allowing online registration via the LDA portal. Sector?7 behind the Police Headquarters features 11 group housing and one commercial plot, while Vibhuti Khand near 1090 Chauraha includes five commercial plots and one hospital plot. Two additional group housing sites on Butler Palace Road, Dalibagh, are also part of the auction. Reserve prices reflect the premium location and infrastructure of the area.Read more

16 Dec 2025

The National Highways Authority of India has intensified safety measures across national highways as dense winter fog continues to affect visibility in several regions. The move focuses on improving on-ground infrastructure, increasing driver awareness, and strengthening emergency response systems. Actions include restoring road signage, enhancing reflective markings, deploying electronic warning systems, and conducting regular night inspections. NHAI has also directed field teams to coordinate closely with local authorities to address accident-prone stretches quickly and ensure smoother traffic movement during foggy conditions.Read more

16 Dec 2025

Flight operations at Delhi airport faced major disruptions earlier this week as low visibility led to widespread cancellations. A total of 49 departures and 77 arrivals were called off, affecting several passengers. IndiGo, facing the brunt of the disruptions, cancelled 110 flights across its network. The airline stated that winter fog in northern India can occasionally slow down flight movements during early mornings. IndiGo emphasized that its teams were closely monitoring the weather and making ground adjustments to minimize inconvenience for travelers.Read more

16 Dec 2025

Delhivery has expanded its instant intra-city delivery service to Mumbai and Hyderabad, adding to its existing presence in Delhi-NCR and Bengaluru. The service, available through the Delhivery Direct app, enables users to book local pickups within around 15 minutes and select vehicles based on shipment size. Designed for small businesses, D2C brands and individuals, the platform also offers real-time tracking and access to intercity deliveries across more than 18,850 pincodes nationwide. The move reflects growing demand for faster local logistics solutions in large urban markets.Read more

16 Dec 2025

Tata Consultancy Services (TCS) has expanded its operations in Romania by opening a new office in Bucharest's Floreasca business district, reinforcing its role as a digital engineering hub in Europe. Over 95% of the workforce at this facility comprises Romanian nationals, reflecting TCS focus on local talent. The office complements the recently launched Software-Defined Vehicle (SDV) innovation hub and forms a key part of TCS European delivery network, which serves over 350 clients across 20 countries with more than 15,000 professionals.Read more

16 Dec 2025

The Andaman and Nicobar administration has approved four major eco-tourism projects across the islands, aiming to boost sustainable tourism. Three new luxury resorts will be developed on Long Island, Aves Island, and Shaheed Dweep, while the existing Megapode Resort in Sri Vijaya Puram will be upgraded through a public-private partnership. Designed to meet international sustainability standards, the resorts will operate with renewable energy, maintain low ecological impact, and offer premium tourism experiences. Aves Island, previously uninhabited, is set to become a key attraction after Swaraj Dweep, with facilities including adventure activities and wellness amenities.Read more

16 Dec 2025

360 One Asset has raised INR 2,300 crore for its real estate-focused Category II alternative investment fund in just four months, reflecting strong investor interest in income-generating real assets. A large part of the capital has already been deployed across infrastructure-linked platforms and commercial real estate assets, with the remaining amount to be invested in the coming months. Key investments include platforms such as Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust and Brookfield-backed Bluegrass Business Park. The fund focuses on stable, operational assets that offer predictable cash flows and long-term value. The rapid fundraising and early deployment highlight growing confidence in real estate and infrastructure as resilient investment avenues.Read more

16 Dec 2025

The Navi Mumbai Municipal Corporation has intensified its enforcement drive against illegal use of marginal spaces and unauthorised hawkers across multiple wards. Civic teams carried out coordinated inspections in Vashi, Belapur and the APMC Market area, seizing materials and collecting penalties exceeding INR 1.55 lakh as part of a citywide effort to keep roads and footpaths obstruction-free.Read more

16 Dec 2025

Inox Wind has secured a 102.3 MW wind turbine supply order from ABREL EPC Ltd, a subsidiary of Aditya Birla Renewables. The order involves the supply of 3.3 MW wind turbine generators for projects being developed in Karnataka. The deal strengthens Inox Wind's position in the utility-scale renewable energy segment and reflects continued investment by large corporate groups in clean energy capacity. The company stated that the association aligns with India's broader energy transition goals and supports long-term decarbonisation efforts, while also expanding Inox Wind's growing customer base.Read more

16 Dec 2025

Construction of the 508 km Mumbai–Ahmedabad bullet train corridor marked another step forward with the installation of a 130 metre steel bridge span near Bharuch in Gujarat. The bridge, part of a 230 metre continuous structure over National Highway 64 and the Bharuch–Dahej freight line, was completed in a carefully coordinated 12 hour operation that maintained road and freight traffic flow. Designed for a 100 year lifespan, the project continues to progress across viaducts, track bed construction, noise barriers, tunnels, and station development toward operational readiness.Read more

16 Dec 2025

Mahanagar Telephone Nigam Ltd has received board approval to sell its residential property block in Mumbai's Bandra Kurla Complex to NABARD for INR 350.72 crore through a government-to-government transaction. The asset, known as GN Block BKC Quarters, comprises 28 residential units spread over a prime plot in one of the city's most sought-after commercial districts. The sale forms part of MTNL's ongoing non-core asset monetisation programme approved by the government. NABARD will bear stamp duty and registration costs, while MTNL will clear prior dues. The transaction is expected to support MTNL's financial restructuring while unlocking value from high-potential urban real estate.Read more

16 Dec 2025

The Uttar Pradesh Real Estate Regulatory Authority has approved 16 new real estate projects across nine districts, involving a total investment of about INR 3,200 crore. Lucknow led the approvals with six projects worth over INR 2,150 crore, covering residential, commercial and mixed-use developments and adding more than 1,400 units. Other cities including Agra, Ghaziabad, Moradabad, Bareilly, Jhansi and Mathura-Vrindavan also received clearances, largely in the residential segment. The approvals reflect steady momentum in regulated real estate development across the state. The projects are expected to boost housing supply, support urban infrastructure growth and generate employment across construction and allied sectors.Read more

16 Dec 2025

Coldwell Banker India has appointed Bengaluru-based Value Add Realty as its area developer for Karnataka, Tamil Nadu, Kerala and Goa, expanding a partnership that has been in place for more than a decade. The appointment gives Value Add Realty, represented by partner Balaji Badrinath, a wider role in overseeing franchise growth, training and operational standards across South India. The move follows the firm's contribution to building Coldwell Banker's presence in Bengaluru and comes as the network prepares to add new franchise partners, including Archstone Ventures in Devanahalli.Read more

16 Dec 2025

PRAMA showcased a wide range of indigenously manufactured smart video security products and AI-led surveillance solutions at IFSEC India Security Expo 2025 in New Delhi. The company highlighted AI Sense cameras, IoT-enabled systems and integrated security technologies designed for Indian operating conditions. The display featured solutions for sectors such as retail, residential, transportation, defence, safe cities, healthcare and hospitality. PRAMA emphasised its local manufacturing capabilities, aligned with the Atmanirbhar Bharat initiative, and its focus on AI-driven video analytics, predictive monitoring and operational intelligence. With expanding production capacity near Mumbai, the company aims to meet rising demand for advanced, scalable and India-ready security solutions.Read more

16 Dec 2025

Indian Hotels Company Limited has opened Avantika by the Ganges, a 43-key hotel under its SeleQtions brand, in Varanasi, Uttar Pradesh. The launch strengthens IHCL's presence in spiritually and culturally significant destinations as demand for experiential travel continues to grow. Designed to reflect the city's heritage while offering modern comforts, the property blends local character with premium hospitality. Varanasi remains a key destination for pilgrims and cultural tourists, driving interest from organised hotel players. The new hotel aligns with IHCL's strategy to expand across leisure, pilgrimage and Tier II and Tier III markets, while supporting tourism growth and local employment in one of India's most iconic cities.Read more

16 Dec 2025

The Navi Mumbai Municipal Corporation has intensified its cleanliness drive by combining mechanised deep-cleaning of roads with large-scale public awareness initiatives. Over the past 20 days, civic teams have cleaned major roads, industrial zones and high-traffic areas using mechanical sweepers and treated water to reduce dust and air pollution. Alongside this, the civic body has rolled out community-led campaigns involving students and volunteers to promote waste segregation, curb plastic use and encourage responsible disposal practices. Cleanliness pledges, door-to-door outreach and on-ground demonstrations of wet waste composting are key elements of the programme. The integrated approach aims to improve environmental quality while building long-term civic participation across Navi Mumbai.Read more

16 Dec 2025

China’s residential property prices continued to decline in November, reflecting persistent weakness in demand despite repeated assurances from policymakers. Official data showed both monthly and annual price drops, with pressure visible across new and secondary home markets. Price falls widened across major and smaller cities, underlining the depth of the slowdown that began in mid-2021. Economists expect the downturn to extend into 2026, citing oversupply and fragile buyer sentiment. International agencies and analysts continue to urge stronger, targeted action to address the prolonged property crisis.Read more

16 Dec 2025

Union Tourism and Culture Minister Gajendra Singh Shekhawat highlighted that the past decade’s infrastructure expansion has greatly supported spiritual tourism in India. Four-lane expressways have grown from just over 18,000 km to nearly 48,200 km, while high-speed corridors have increased 8.5 times. Improved roads and travel networks have enhanced access to major pilgrimage routes such as Char Dham and Panchkosi Yatra, and sites like Bet Dwarka. The Northeast has also seen better connectivity, making spiritual and cultural destinations more visible. These developments are helping more people undertake pilgrimages while supporting regional tourism growth.Read more

16 Dec 2025

South Korea’s financial regulator has decided to continue its bond market stabilisation measures into 2026, citing ongoing risks from domestic and global monetary policy shifts, higher government bond supply, and market volatility. The move covers large bond and short-term money market funds, along with substantial support for real estate project financing. Authorities indicated readiness to step in early if conditions worsen, as bond yields rise and currency movements remain volatile. The decision comes as the central bank signals it may be close to ending its interest rate cut cycle.Read more

16 Dec 2025

The New Delhi Municipal Council (NDMC) has intensified its cleanliness and dust control drive across major residential colonies and commercial zones in the city. The campaign involved coordinated efforts from its Public Health (Sanitation), Horticulture, and Civil Engineering departments, focusing on mechanised sweeping, side drain cleaning, minor repairs, and upkeep of green spaces. Areas covered include Kaka Nagar, West Kidwai Nagar, Jor Bagh, Shahjahan Road officer quarters, Barakhamba Road, KG Marg, Maulana Azad Road, and Connaught Place. The initiative aims to reduce dust pollution, improve environmental conditions, and enhance public health in densely populated urban neighborhoods.Read more

16 Dec 2025

Namo Bharat, the semi high speed transit system on the Delhi Ghaziabad Meerut corridor, has crossed 2 crore commuter trips within two years of its launch. Starting with a modest 72,000 monthly riders, phased expansions and new stations have steadily increased ridership to around 55,000–60,000 daily commuters. Key factors driving growth include reduced travel time, reliable air conditioned services, and integration with Delhi Metro ticketing. With 55 km and 11 stations currently operational and remaining stretches under construction, the system continues to reshape intercity travel patterns and strengthen connectivity across the National Capital Region.Read more

16 Dec 2025

HSBC's proposal to take Hang Seng Bank private by acquiring minority-held shares has received key internal approval. An independent committee of Hang Seng's board has assessed the USD 13.6 billion offer and advised minority shareholders to support the transaction. The move comes at a time when Hang Seng is facing sustained pressure from its exposure to the Hong Kong and mainland China property markets. With bond repayments for property developers expected to rise sharply next year, the transaction reflects HSBC's broader strategy of reshaping its Asian banking operations.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

UK home sellers lowered asking prices more than usual for this time of year, reflecting caution around the property market following the government's budget. Data from Rightmove showed a steeper monthly decline than the long-term average, with prices also slipping on an annual basis. The slowdown was most visible ahead of new policy clarity, although early signs of recovery have emerged in parts of London's prime market. Despite near-term weakness, Rightmove expects market conditions to stabilise and forecasts moderate price growth and stronger buyer activity in 2026.Read more

16 Dec 2025

Maharashtra has secured approval for road works worth INR 1.50 lakh crore, marking a major step in the state’s infrastructure development. Projects include a new Pune Sambhajinagar expressway, elevated corridors around Pune, and a parallel expressway to the existing Pune Mumbai route. Work is set to start within the next three months, with completion targeted by 2026. These initiatives aim to improve connectivity, reduce travel times, and enhance transport efficiency across key urban and regional corridors, particularly benefiting the Pune and Mumbai regions.Read more

16 Dec 2025

The World Bank has approved USD 305 million to support the Haryana Clean Air Project for Sustainable Development (HCAPSD), aimed at reducing air pollution and improving air quality across the state by 2030. The funding comprises a USD 300 million loan and a USD 5 million grant. With a total project cost of INR 3,646 crore, Haryana will contribute INR 1,065 crore and an additional INR 83 crore as a grant. The initiative covers transport, industry, agriculture, and urban sectors, including electric buses, emission monitoring systems, cleaner technologies, and incentives to reduce crop residue burning and vehicle emissions.Read more

16 Dec 2025

Austrian former property tycoon Rene Benko has decided to challenge his second conviction linked to insolvency-related fraud, while prosecutors have also moved to appeal the same ruling, calling it too mild. The case relates to valuables found hidden from creditors following the collapse of his Signa property group, Austria's largest postwar bankruptcy. Benko has consistently denied wrongdoing and has already appealed an earlier conviction handed down in another trial. The legal battle now continues on multiple fronts as investigations into Signa's downfall remain active.Read more

16 Dec 2025

Arunachal Pradesh Chief Minister Pema Khandu conducted a detailed review of ongoing Border Roads Organisation (BRO) projects in the Tawang sector, a strategically sensitive area along the India-China border. The meeting focused on construction progress, operational challenges in high-altitude terrain, and timely completion of roads crucial for defence logistics and civilian mobility. The discussion also highlighted the BRO's contribution to local socio-economic development, disaster response, and tourism. The state government emphasized coordination with central agencies to accelerate infrastructure development in remote border districts.Read more

15 Dec 2025

Jaypee Infratech Limited has received Occupancy Certificates for five more towers at its Kensington Boulevard Apartments project in New Delhi, covering 423 residential units. With this approval, the developer has now secured certificates for 31 towers comprising 3,135 homes, marking steady progress in project delivery. Applications have also been submitted for 11 additional towers with over 1,000 units, with approvals expected soon. The company said it remains focused on meeting timelines outlined in its resolution plan and fulfilling homebuyer commitments. Under the current management, construction activity has accelerated, with tenders awarded for all remaining towers and work progressing to enable timely handovers.Read more

15 Dec 2025

Indonesia’s sovereign wealth fund Danantara Indonesia has acquired a portfolio of real estate assets in Saudi Arabia from Thakher Development Company, marking another step in its overseas property investments. The assets include a hotel property along with land parcels spread across about 4.4 hectares. The transaction signals Danantara’s continued focus on international markets, particularly in the Middle East, where tourism, hospitality, and mixed-use developments have seen steady growth. Saudi Arabia’s ongoing urban and pilgrimage-led infrastructure expansion has drawn rising interest from global institutional investors in recent years.Read more

15 Dec 2025

Palm Hills Development Company has entered into an agreement with Marriott International to develop a St. Regis-branded project in Cairo under the Palm Hills portfolio. The partnership marks another step in Palm Hills’ strategy to strengthen its presence in the premium and luxury real estate segment, while bringing an internationally recognised hospitality brand to its developments. Marriott’s St. Regis brand is known for high-end residences and hotels globally, and the collaboration is expected to enhance the positioning of the Palm Hills project in Egypt’s competitive real estate and hospitality market.Read more

15 Dec 2025

The Delhi Development Authority (DDA) conducted a demolition drive in Tilpath Valley, Sainik Farms, targeting illegal farmhouses built on green land allocated for a biodiversity park. The operation recovered around 4.5 acres of land, including a property previously protected by a temporary stay order from the Delhi High Court. Earlier, five of nine identified properties were demolished, including fully built and semi-built farmhouses and a vacant plot. Officials clarified that the land is outside protections under the NCT of Delhi Act, 2014, making the structures unauthorised. This step contributes to conservation and urban land regulation efforts.Read more

15 Dec 2025

The Madhya Pradesh Industrial Development Corporation has secured formal consent for around 300 hectares of land for the Indore–Pithampur Economic Corridor, marking a key step forward for the project. The corridor is planned to improve connectivity between Indore and the Pithampur industrial hub, supporting smoother movement of goods and lowering logistics costs. With this approval, authorities can move ahead with detailed planning and early-stage works. The project is designed to strengthen links between industrial areas, logistics parks and urban centres, while boosting trade and manufacturing activity. Once developed, the corridor is expected to attract fresh investment and enhance the region’s industrial and infrastructure-led growth prospects.Read more

15 Dec 2025

Saudi-listed Dar Al Majid Real Estate has entered into an agreement to develop a residential tower in Riyadh, marking another addition to its urban housing portfolio in the capital. The announcement, made in the past week, reflects the company's continued focus on residential assets aligned with Riyadh's growing population and housing demand. While specific project details were not disclosed, the agreement comes at a time when private developers are expanding activity to support Saudi Arabia's housing goals under Vision 2030. The move builds on Dar Al Majid's established presence in residential and mixed-use developments.Read more

15 Dec 2025

The Airports Authority of India’s high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, a move set to free up around 1,000 acres of land across 6 km for affordable housing projects. The decision, agreed upon by the Civil Aviation Ministry, Maharashtra government, and other stakeholders, aims to overcome building height restrictions imposed by radar installations in Dahisar and Juhu. Over the next five years, an estimated 50,000 homes are expected to be constructed or redeveloped, improving housing availability, urban infrastructure, and employment opportunities in North Mumbai.Read more

15 Dec 2025

Chhattisgarh has unveiled the Anjor Vision 2047, a long-term roadmap to transform the state into a developed region by India's centenary of independence. The vision identifies 13 priority sectors, including education, health, agriculture, and infrastructure, and establishes 10 missions to drive growth. Developed through public participation, it sets near-term targets until 2030, mid-term goals to 2035, and long-term objectives for 2047. The plan highlights welfare measures, industrial investments, and regional development, while aiming to tackle longstanding challenges like Naxalism and uneven regional growth.Read more

15 Dec 2025

SIMEST, a CDP Group company supporting the global expansion of Italian businesses, has signed a Memorandum of Understanding with the Indian Chamber of Commerce to strengthen economic cooperation between Italy and India. The agreement was formalised at the Italy–India Business Forum in Mumbai in the presence of senior leaders from both countries. The partnership aims to promote cross-border investments, industrial collaboration and business linkages, while supporting Italian companies entering the Indian market through financial instruments and advisory support. The MoU also focuses on sharing insights on investment opportunities, mergers, acquisitions and startups, reinforcing long-term trade and commercial ties between the two economies.Read more

15 Dec 2025

ESR-REIT Management has proposed the divestment of eight industrial properties in Singapore for an aggregate consideration of SGD 338.1 million. The proposed transaction is expected to result in a net gain of about SGD 2.2 million. The assets form part of the REIT’s local industrial portfolio, which spans logistics, business parks and general industrial facilities. The move reflects ESR-REIT’s ongoing capital management approach, focused on portfolio optimisation, recycling of mature assets and strengthening long-term income stability in a market facing cost and interest rate pressures.Read more

15 Dec 2025

The Karnataka government is accelerating growth in the plastics and polymer sector by developing dedicated plastic parks in Mangaluru and Vijayapura, according to Industries Minister M B Patil. The specialised parks will offer modern infrastructure to support manufacturing, research and skill development. A new campus of the Central Institute of Petrochemicals Engineering and Technology will be set up in the Mangaluru park to train skilled manpower and promote innovation. In Vijayapura, around 200 acres will be allocated for plastic units based on industry needs. The initiative aligns with India's rapidly expanding plastics industry and is expected to boost industrial investment, employment generation and demand for purpose-built industrial real estate across the state.Read more

15 Dec 2025

The Delhi Metro Rail Corporation has started elevated corridor construction on the 8.38 kilometre stretch between Lajpat Nagar and Saket G Block, part of the Golden Line under Phase IV of the metro expansion. This section will have eight stations and improve metro access in South Delhi, linking residential and commercial areas and offering easier interchange with the Magenta, Violet and Pink Lines. The ground breaking marks the first civil works beyond earlier priority corridors and is expected to support daily commuting for thousands. This stretch will also introduce India’s first three coach metro service.Read more