State-owned NBFC REC Ltd approved INR 7,500 crore in funding for a 1.04 GW hybrid solar-wind project in the Kurnool district of Andhra Pradesh, being developed by Evren, a joint venture in which Brookfield Asset Management holds a 51.49 % stake. The total investment in the project is estimated at INR 9,910 crore. Evren has already mapped over 3 GW of projects in the state. This transaction marks the largest private-sector sanction ever by REC Ltd. This move reflects both Brookfield's growing footprint in India's renewables and Andhra Pradesh's push for large-scale hybrid energy capacity.Read more

Veteran actor Amitabh Bachchan has sold two adjoining luxury apartments on the 47th floor of Oberoi Exquisite in Goregaon, Mumbai, for a combined INR 12 crore. Each 1,820 sq ft unit fetched INR 6 crore and included two car-parking spaces, with total stamp duty payments of INR 60 lakh. The Oberoi Realty project is known for its upscale amenities and strategic location near key business hubs. Both buyers are reportedly Mumbai-based professionals. The sale reflects a broader trend of high-net-worth individuals reorganising their real-estate portfolios. Bachchan, who owns multiple properties across Mumbai, has been actively balancing his investments in recent years.Read more

Homeland Group has entered the National Capital Region with the opening of its new corporate office at Baani The Statement on Golf Course Road, Gurugram. The move marks a major step in the company's evolution from a Punjab-based developer to a national real estate brand. Led by Managing Directors Mrinaal Mittal and Abhay Jindal, and guided by Director Shri Krishan Aggarwal, the Group plans a public listing in FY27, supported by an expanding premium project portfolio. With over 3 million sq. ft. delivered and 10 million sq. ft. under development, Homeland's key projects include Homeland Heights, CP67 Mall, and the upcoming 5 million sq. ft. Homeland Global Park in Mohali.Read more

During the recent GRIHA Summit held in New Delhi, Knauf India reaffirmed its commitment to sustainability and circular material design within the construction industry. The company showcased how innovations in gypsum systems, material reuse, and circular design principles could contribute to India's shift toward climate-resilient buildings. Company executives highlighted the need for collaboration among manufacturers, architects, and policymakers to promote responsible sourcing, reduce waste, and integrate sustainability throughout the material lifecycle.Read more

The Jaipur Smart City Limited (JSCL) has been given responsibility to develop six additional towns Mandawa, Khatushyamji, Alwar, Bhiwadi, Bharatpur and Bikaner under Rajasthan's Clean and Green Eco Cities plan. The decision comes even as many of JSCL's projects in Jaipur remain incomplete or poorly maintained, including smart roads, underground cabling, and multi-level parking. While officials say the agency's role is limited to project completion and handover, concerns persist over whether JSCL can manage new developments effectively without addressing unresolved issues in the state capital.Read more

Office-space provider Table Space has expanded its presence in the National Capital Region (NCR) by leasing around 5.4 lakh sq ft of workspace, bringing its total portfolio in the region to over 22 lakh sq ft. The new leases include about 50,000 sq ft at Worldmark 4, approximately 85,000 sq ft at DLF Downtown, around 1.5 lakh sq ft at Godrej GCR, roughly 70,000 sq ft at Good Earth Business Bay II and about 1.9 lakh sq ft across four floors at Atrium Place. In addition, the company has added more than 3,000 ready-to-move-in seats under its 'Suites' format.Read more

KPI Green Energy has entered into an agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) to supply electricity from a 150 MW wind energy project. This follows a Letter of Intent issued under GUVNL's competitive bidding process and subsequent approval of the tariff and PPA by the Gujarat Electricity Regulatory Commission. The project will start supplying power in November 2027 at a fixed rate of INR 3.64 per unit for 25 years. The move strengthens KPI Green's wind portfolio and supports its target of 10 GW of renewable capacity by 2030.Read more

State-run NBCC Ltd has signed a Memorandum of Understanding with Australia-based Goldfield Commercials PTY to jointly explore real estate and infrastructure opportunities in Australia. The partnership will focus on project management, housing, redevelopment, and infrastructure development, with specific projects to be finalised through separate agreements. NBCC said the collaboration aims to create mutually beneficial ventures and expand its international footprint. Combining NBCC's project execution expertise with Goldfield's local market knowledge, the alliance marks a key step in NBCC's global expansion strategy and reinforces its commitment to developing value-driven projects in emerging international markets.Read more

The Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) have handed over more than 100 flats to beneficiaries under the third allotment phase of the Shantipalli Awas Yojana, part of the Keshari Residency project in Satya Nagar. With this phase, 560 families have now received homes�326 in the first phase held last November and 121 in the second. Odisha�s Housing and Urban Development Minister Krushna Chandra Mahapatra stated that the project, developed under a public�private partnership, will ultimately provide 1,300 units, including 840 for the Economically Weaker Section (EWS). Of these, 560 G+4 flats are already complete and occupied. The initiative, one of three affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Bhubaneswar, is complemented by ongoing works at Ekamra Residency in Buddha Vihar and Barunei Enclave in Subuddhipur.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved leasing around 15 acres of land at the closed Mulund dumping ground to Navbharat Mega Developers Private Limited (NMDPL), an Adani Group special purpose vehicle (SPV) executing the Dharavi Redevelopment Project with the Maharashtra government. The lease, set for 10 years, will carry an annual rent of INR 18.35 crore at a rate of INR 252 per sq m per month. The land will be used to set up casting yards, precast units, and RMC plants essential for construction. However, the site still holds around 50,000 metric tons of solid waste awaiting clearance before work begins.Read more