19 Nov 2025

Mumbai's commercial map is shifting as companies increasingly choose the Eastern and Northern suburbs over traditional hubs like BKC, Lower Parel and Nariman Point. Chembur-Ghatkopar East is emerging as a strong alternative, offering modern offices, better connectivity and more affordable rentals. Improved access through the Santacruz-Chembur Link Road, Eastern Freeway and growing Metro network has made the area appealing to BFSI, tech and professional services firms. Developers are introducing Grade-A spaces with large floor plates and sustainable features, often at rents 30-40% lower than BKC. With steady leasing activity and rising investor interest, the corridor is quickly becoming a future-ready commercial destination.Read more

19 Nov 2025

A new NLB Services report shows that India's Global Capability Centres (GCCs) are rapidly shifting from small AI pilots to large-scale adoption, pushing the sector toward strong growth. Employment is expected to rise 11% next year, reaching nearly 2.4 million, and expand to 3.46 million by 2030. As GCCs enter the AI-native 4.0 stage, new roles such as AI governance architects, prompt engineers and GenAI product owners are emerging, while traditional IT support and legacy development roles decline. The report also highlights a geographic shift, with more work moving to tier II and III cities due to lower costs and attrition. By 2030, these locations may account for nearly 39% of the GCC workforce.Read more

19 Nov 2025

The National Mission for Clean Ganga (NMCG) has approved projects worth around INR 360 crore to improve pollution control and deepen scientific understanding of the Ganga and Yamuna rivers. A major approval was a INR 361.86 crore project for Siliguri to intercept 25 drains flowing into the Mahananda and build two STPs of 27 MLD and 22 MLD under a hybrid-annuity model. For Delhi, NMCG cleared works to enhance treated-water flow into the Yamuna, including drain diversion and new pumping and conveyance systems. Several research studies were sanctioned, including glacier-melt analysis in the Upper Ganga Basin, a 1,100-km bathymetric survey, groundwater recharge assessments and development of a Digital Twin platform. A school outreach programme, Youth for Ganga, Youth for Yamuna, was also approved.Read more

18 Nov 2025

Puravankara Limited released its ESG Report for 2024-25 during the EcoBuild Conclave held in Bengaluru, an event organised in partnership with the Centre for Sustainability at the Ramaiah Institute of Management. The two-day conclave brought together policymakers, industry leaders and academicians to examine sustainable development themes, in line with India's long-term vision for Viksit Bharat 2047. The event also marked the announcement of IFC EDGE Pre-Certification for Puravankara�s Purva Winworth 2 project in Kochi, reflecting the developer's continued focus on resource efficiency, climate responsibility and environmentally aligned growth.Read more

17 Nov 2025

Mumbai's real estate market attracted USD 1.19 billion in institutional investments over the past nine months, according to Cushman & Wakefield's India Capital Markets Q3 2025 report. This marks a sharp rise from USD 295.57 million a year earlier. Foreign investors contributed 67% of the total, led by USD 500 million from the US and USD 297 million from Japan, while domestic investors added USD 398 million. The firm noted that Mumbai has now crossed the USD 1 billion mark for four consecutive years, supported by strong fundamentals and major projects like the Trans Harbour Link and Coastal Road. In contrast, nationwide institutional inflows declined 10% during the period.Read more

20 Nov 2025

Noida Authority has begun trial runs on the 4.5-km Bhangel Elevated Road after pressure from a farmers' group demanding its immediate opening. The six-lane corridor runs parallel to the DSC Road, connecting the Aghapur petrol pump to the Noida Special Economic Zone, and is expected to ease traffic for several residential sectors and nearby villages. First proposed in 2012, the project faced long delays due to funding issues, design revisions and construction challenges. Its cost increased from INR 468 crore to about INR 608 crore. Earlier this year, the alignment was slightly modified after two unapproved buildings obstructed the original plan.Read more

20 Nov 2025

Allcargo Terminals is planning a second container freight station (CFS) in Chennai, located in the Kattupalli-Ennore corridor, to manage growing logistics demand in the region. The company has extended its 30-acre land lease from Venkatesh Coke and Power Limited (VCPL) until September next year, paying an annual rent of INR 9 crore. The expansion complements Allcargo's existing 23-acre Chennai CFS, which handles over-dimensional cargo and operates 24/7. The new facility is expected to strengthen the company's presence in southern India and improve cargo handling efficiency.Read more

20 Nov 2025

A rail fracture between Vikhroli and Kanjurmarg stations briefly disrupted local train services on Mumbai's Central Railway main line. The fracture was detected on the down slow line at 7:32?am, prompting authorities to divert slow trains to the fast line from Matunga station and impose a 30 km/h speed restriction. The line was declared safe by 7:58 am. This disruption affected over 3.5 million daily commuters, causing delays of 10-20 minutes. The incident highlights the challenges of maintaining safety and punctuality on one of the world's busiest suburban rail networks.Read more

20 Nov 2025

Bangalore Metro Rail Corporation Ltd has begun work on extending the Green Line from Madavara to Tumakuru by inviting bids for a Detailed Project Report. The proposed 59.6 km elevated corridor will feature about 25 stations, starting near the Bangalore International Exhibition Centre and passing through Nelamangala, Dabaspete and Kyathasandra before reaching Tumakuru. Estimated to cost between INR 18,670 crore and INR 20,650 crore, the project is being evaluated under both PPP and SPV funding models. Designed to handle 15,000 passengers per hour with 4-5 minute train frequencies, the line is projected to serve 2.8 lakh daily commuters by 2032. The DPR will refine alignment, costs and land needs.Read more

20 Nov 2025

Navi Mumbai International Airport (NMIA) will start commercial passenger flights from December 25 with 23 daily departures in the first phase. Operations will run for 12 hours each day during the initial month, allowing up to 10 aircraft movements per hour. The airport, developed through a joint venture between the Adani Group and CIDCO, has been built at a cost of INR 19,650 crore. Phase-1 covers 1,160 hectares and includes one terminal and one runway with a capacity of 20 million passengers a year. Daily departures are set to increase to 34 from February 2026.Read more

20 Nov 2025

The Maharashtra government has allowed free regularisation of land parcels purchased in violation of the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act for transactions made between 15 November 1965 and 15 October 2024. The directive removes notes about fragmentation violations from 7/12 land records and ensures rightful buyers are recorded as occupants. The decision, backed by a recent government notification, is expected to help about 6 million landowners, including many in urban, commercial, and peripheral regions. Unregistered transactions can also be legally registered after paying stamp duty and registration fees.Read more

20 Nov 2025

The Greater Cochin Development Authority (GCDA) has approved the land-pooling process for Infopark Kochi's Phase III development in Kunnathunad taluk. The plan aims to bring together around 500 acres for an integrated IT and AI-focused township, marking one of Kerala's largest land-pooling exercises. GCDA will handle land identification and coordination with landowners, while Infopark will lead overall development. A land-pooling office has already started functioning, and early assessments indicate strong potential for investment and long-term technology-led growth in the region.Read more

20 Nov 2025

The Maharashtra government has approved the long-awaited redevelopment of Kamathipura, assigning the project to MHADA's Mumbai Building Repairs & Reconstruction Board under the Construction & Development Agency model. A survey found nearly 800 dilapidated, century-old buildings across 34 acres. Using DCPR 2034's Regulation 33(9) for cluster redevelopment, MHADA's plan will rehouse about 8,001 people, offering both residential and non-residential tenants 500 sq ft two-bedroom flats. Landowners will receive units based on plot size. The project includes new homes, commercial spaces and open areas, transforming the precinct into a modern 'urban village.' MHADA will receive 44,000 sq m, while developers can build roughly 567,000 sq m, creating around 4,500 new units.Read more

20 Nov 2025

The Goa State Information Commission has instructed the district collectors of North and South Goa to upload all land-conversion sanads on a public portal. The directive followed a complaint stating that authorities had not fulfilled their obligations under the RTI Act's proactive disclosure provisions. The information to be uploaded includes applicant details, survey numbers, application and sanction dates, and a plan showing the converted portion of land. The order aims to strengthen transparency and reduce the volume of individual RTI requests.Read more

19 Nov 2025

The Uttar Pradesh government has announced significant stamp duty and registration fee concessions for lease agreements up to ten years to encourage formal registration and reduce disputes. The cabinet cleared the proposal earlier this week. Many tenancy agreements remain unregistered due to high costs, leaving them legally vulnerable and open to recovery actions by authorities. The new provisions set a ceiling of INR 10 lakh for average annual rent in calculating stamp duty and exclude toll-related and mining leases. This move simplifies registration and ensures better legal compliance for landlords and tenants.Read more

20 Nov 2025

RITES Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to provide comprehensive consultancy support across major infrastructure and industrial sectors. The agreement covers feasibility studies, detailed project reports, project management, bid management, and third-party inspection. It extends to transport, ports, waterways, power, water systems, buildings, and industrial infrastructure. The partnership is expected to strengthen project planning and execution while helping the state attract new investment and improve long-term development outcomes.Read more

20 Nov 2025

Karnataka's government has announced an infrastructure investment of over INR 1 lakh crore for Bengaluru to strengthen urban mobility, business, and technology infrastructure. Major initiatives include a 40?km twin tunnel project costing INR 42,500 crore, a 41 km double-decker metro at INR 18,000 crore, a 110 km elevated corridor for INR 15,000 crore, 320 km of buffer roads at INR 5,000 crore, a SkyDeck at INR 500 crore, and a 74 km Bengaluru Business Corridor for INR 27,000 crore. Plans also include a second airport, a new NRI Secretariat, and a 9,000 acre AI City near Bidadi.Read more

20 Nov 2025

NBCC (India) Ltd has successfully sold 609 residential units in Greater Noida (West) through an e-auction, fetching INR 1,070 crore. The units come from the Aspire Leisure Valley and Aspire Centurian Park projects, part of the Supreme Court-directed initiative to complete stalled Amrapali projects. Delhi-based AU Real Estate acquired the selling rights, buying 462 units in Aspire Leisure Valley and 147 units in Aspire Centurian Park. The sale marks progress in delivering 38,000 flats to homebuyers, with AU Real Estate launching the project at INR 7,979 per sq ft for Aspire Leisure Valley.Read more

20 Nov 2025

Waaree Energies is under investigation by Income Tax authorities in India while also facing scrutiny in the US over alleged solar import duty evasion. The Gujarat-based solar company has assured full cooperation with the ongoing Indian investigation. Its US subsidiary, Waaree Solar Americas, operates a 1.6 GW module manufacturing plant in Texas, which is being expanded to 3.2 GW. The developments have impacted market sentiment, with Waaree Energies shares dropping over 4 per cent on the BSE, while its other key units also saw moderate declines in share prices.Read more

20 Nov 2025

House of Swamiraj is set to invest INR 230 crore in housing projects across Delhi-NCR and Goa, with INR 200 crore directed to a Yamuna Expressway development and INR 30 crore to a Goa project. Both projects are scheduled for launch within the current fiscal year and will feature smart homes with modern technologies. The company previously signed a INR 180-crore agreement to develop a residential project on a 2,000-square-metre plot in Thane West, highlighting its strategy to expand into fast-growing residential markets.Read more

20 Nov 2025

Away Center, promoted as India's first wellness-led coworking brand, has opened its Koramangala hub, marking its entry into Bengaluru's start-up and creative ecosystem. The company focuses on mindful, design-driven workspaces and keeps each centre under 20,000 sq. ft. to maintain intimacy and community. The new hub features spacious layouts, natural light, an integrated cafe and wellness-focused areas such as Stillness Rooms, Meditation Corners and a Reset Bar. Members also get access to coaching, therapists and weekly yoga and meditation sessions. Following its first centre in Vizag, Away plans new locations in Hyderabad, Gurgaon and another Vizag site by early 2026 under its �Nano-GCC� model.Read more

20 Nov 2025

AU Real Estate has taken over the selling rights for Aspire Leisure Valley in Greater Noida West as part of an INR 1,069 crore transaction with NBCC, which also covers Aspire Centurion Park. The move follows the company's acquisition of selling rights for Aspire Silicon City earlier this year for INR 1,467.93 crore. The newly launched project has been introduced at an initial rate of INR 7,979 per sq. ft., offering spacious 3BHK homes and enhanced lifestyle amenities under the AUSI Life model. Strong connectivity, community spaces, and sustainability credentials further elevate its positioning.Read more

20 Nov 2025

Atul Projects has taken charge of the redevelopment of a 2.76-acre land parcel in Borivali (West), a location positioned along the active SV Road belt, earlier this week. With an estimated GDV of about INR 750 crore, the company is preparing to introduce luxury 2, 3 and 4-bedroom residences aimed at both end-users and long-term investors seeking premium living options within Mumbai's western suburbs. The initiative builds on Atul Projects' ongoing expansion across the MMR and aligns with its strategy of strengthening its redevelopment portfolio in established residential markets.Read more

20 Nov 2025

The Greater Noida Industrial Development Authority (GNIDA) has launched a major commercial property scheme, offering 37 plots worth a combined INR 3,604 crore through e-auction. Located in key sectors such as Sector 3, 10, 12, Ecotech-1 Extension and Ecotech-12, the plots come under two FAR categories: FAR-4 for large vertical developments like malls, hotels and office towers, and FAR-2 for smaller commercial uses. GNIDA has set strict conditions, including a ban on plot subdivision or amalgamation and a five-year project completion deadline. Reserve prices are substantial, with several plots valued between INR 91 crore and INR 216 crore. Strong investor interest is expected, supported by Greater Noida's improving connectivity and upcoming airport.Read more

19 Nov 2025

Notandas Realty has launched Notan Jewel, a new commercial development on Turner Road in Bandra, with an estimated revenue potential of over INR 400 crores. Designed to meet the rising demand for premium office and retail space, the project spans 90,000 sq. ft. with about 45,000 sq. ft. of leasable area. It features a grand arrival lobby, a modern car tower parking system, high-speed elevators, surveillance, and recreational spaces including a rooftop pickleball court and breakout zones. The launch reflects the company's legacy in Bandra and forms part of its plan to introduce four new commercial projects in FY2025-2026, strengthening its position in Mumbai's real estate market.Read more

19 Nov 2025

A large industrial and logistics park by XSIO, being developed in partnership with Blackstone and the Maharashtra government, is coming up along the Samruddhi Expressway near Nagpur. With a committed investment of INR 5,127 crore, the park is projected to generate more than 10,000 direct and indirect jobs. Built in phases and designed around sustainability and smart infrastructure, the project aligns with the state's push for modern logistics centres under its logistics policy. The development also supports Nagpur's growing role as a logistics hub.Read more

18 Nov 2025

Kerala has asked Kerala Agricultural University (KAU) to transfer five acres of land at its Coconut Research Station in Balaramapuram to Kerala State Industrial Enterprises (KSIE) for a logistics hub meant to support Vizhinjam Port. The land lies about 5.4 km from the port gate and is suitable for container truck access. KSIE's plan includes more than 50,000 sq ft of warehousing, a container freight station, internal roads, offices and value-added logistics facilities. Earlier this year, KSIE had requested 15 acres, and government departments have begun reviewing the proposal.Read more

16 Nov 2025

Flipkart has expanded its electric vehicle (EV) fleet to over 20,000 units, doubling its size within a year. The company stated that more than 70% of its grocery deliveries are now completed through EVs. As part of its commitment under the Climate Group's EV100 initiative, Flipkart has also started a pilot project for long-haul electric trucks in partnership with Golden Aero Logistics. The pilot, conducted on the Delhi-Jaipur route using a retrofitted Kalyani truck, will assess performance, charging efficiency, and turnaround times.Read more

13 Nov 2025

The Comptroller and Auditor General (CAG) has established an Integrated Audit Group to conduct a coordinated audit of India's key infrastructure sectors-railways, ports, shipping, and waterways-in collaboration with IIM Mumbai. The audit evaluates how effectively multi-modal transport and logistics systems support national economic goals, focusing on connectivity, infrastructure alignment, and performance under the National Rail Plan 2030. It will also review India's logistics costs, which currently stand at 7.97% of GDP, and identify areas for optimisation. Additionally, the CAG will assess the Indian Railways e-procurement system for governance and IT gaps. The findings are expected to inform future policy and strengthen India's logistics efficiency and competitiveness.Read more

12 Nov 2025

India's cement and logistics sectors are preparing for major industry gatherings at Yashobhoomi, Dwarka. The 15th Cement Expo, co-located with the Indian Cement Review Conference and Awards, will focus on scaling cement production to 670 million tonnes by 2030 while reducing emissions. Over 100 exhibitors and 5,000 visitors, including top executives and policymakers, are expected. Simultaneously, the MultiLogistix Conference & Awards will explore India's logistics growth, digital supply chain innovations, and sustainability practices. Both events will showcase industry strategies, technologies, and collaborations to foster a low-carbon and efficient industrial ecosystem.Read more

20 Nov 2025

Khan Market in Delhi has dropped one place to 24th globally in Cushman & Wakefield's list of the world's most expensive high streets, though it remains India's priciest. London's New Bond Street leads globally, followed by Milan and New York. India's high streets, including Connaught Place and Galleria Market, continue attracting domestic and international brands due to rising affluence and limited mall supply. Rental growth in Tier 1 cities averaged 6% year-on-year, with Gurugram seeing the highest increase. Chennai's Anna Nagar 2nd Avenue is the most affordable APAC street, at USD 25 per sq ft.Read more

19 Nov 2025

Indian Hotels Company (IHCL) recently announced that it had finalised an agreement to develop a new 90-key greenfield Ginger hotel in Dimapur, marking its first venture in Nagaland. The company indicated that Dimapur serves as a major commercial and cultural centre in the state and said the project aligns with its broader strategy to strengthen its footprint in the Northeast, where tourism and infrastructure have seen steady improvement. The hotel, developed in partnership with T K Enterprises, adds to IHCL's growing regional presence.Read more

19 Nov 2025

Fly91, the Goa-based regional airline, plans to induct three more ATR 72-600 aircraft and launch new routes by March next year, taking its fleet to seven. The digital-native carrier, which began operations earlier this year, currently flies four aircraft and runs over 120 weekly flights, including services under the government's regional connectivity scheme. Fly91 now connects eight cities-Goa, Pune, Bengaluru, Hyderabad, Sindhudurg, Solapur, Agatti and Jalgaon-and aims to expand further. Backed by INR 250 crore in funding, the airline has already carried 1.7 lakh passengers on more than 3,500 flights. Over the next five years, it plans to scale up to 30 aircraft and operate from multiple bases.Read more

18 Nov 2025

Puravankara Limited has signed an Agreement to Lease with IKEA India for two retail floors at Purva Zentech Park, its mixed-use commercial project on Kanakapura Road in Bengaluru. The development spans 9.6 lakh sq ft with flexible floor plates and IGBC Gold-rated features, and is scheduled for completion by early 2026. IKEA will occupy over 1.2 lakh sq ft across the first and second floors, with handover expected in early 2026. Puravankara said the deal highlights the project's strong location and rising demand in South Bengaluru. With a 3.2 million sq ft commercial pipeline, the company expects projects like Zentech Park and Aerocity to support significant future value creation.Read more

18 Nov 2025

Oberoi Mall ushered in the festive season earlier this week by hosting a lively cake-mixing celebration in collaboration with The Westin Mumbai Garden City. Organised on Children's Day, the event witnessed strong participation from families and shoppers who joined the traditional pre-Christmas fruit-and-spice mixing ritual. The mall complemented the activity with engaging experiences tailored for children, creating a cheerful afternoon atmosphere. Executives from Oberoi Realty and The Westin Mumbai Garden City noted that the initiative aimed to bring the community together while setting a warm and celebratory tone for the forthcoming Christmas season.Read more

20 Nov 2025

Aion-Tech Solutions' subsidiary, ROQIT Greenfield Digital, has partnered with Indian Railways to launch an AI-powered logistics platform for small parcel deliveries. The pilot will begin early next year with South Central Railway and aims for a nationwide rollout. The platform will integrate ETO Motors for sustainable first- and last-mile delivery and feature a cloud-native app with real-time tracking, digital payments, and partner selection. Light-to-medium-weight parcels currently account for less than 1 per cent of railway traffic in India, highlighting a major efficiency gap ROQIT intends to bridge.Read more

20 Nov 2025

Nemetschek Group has signed an MoU with IIT-Madras to conduct advanced research in low-carbon and lean construction technologies, supported by an investment of USD 100,000 from its AI and Data Innovation Hub. The German software company provides solutions for the entire lifecycle of construction and infrastructure projects and reported revenues of EUR 995.6 million in 2024. The partnership aims to reduce carbon emissions, enhance efficiency, and promote sustainable construction practices while leveraging IIT-Madras' expertise in digital innovation for India's construction sector.Read more

13 Nov 2025

InvestoXpert, one of India's fastest-growing full-service real estate firms, has strengthened its foothold in South India by inaugurating a new regional hub in Chennai. The move marks the firm's third major presence in the region, following Bengaluru and Hyderabad. As part of its 'Leveling Up' expansion campaign, the company intends to hire 400 professionals across sales, marketing, and customer relationship roles to support both domestic and global real estate advisory operations. The expansion reflects InvestoXpert's broader growth vision and aligns with its commitment to contribute to India's development goals.Read more

03 Nov 2025

Tattva, the Corporate Venture Capital arm of Somany Impresa Group, has invested INR 6 crore in Mad Over Buildings (MOB), a fintech-enabled B2B e-commerce platform for building materials. The partnership aims to bridge supply chain gaps and improve financing access for smaller distributors and retailers through MOB's Line of Credit and escrow-backed marketplace. The collaboration also allows MOB to leverage Hindware's vast distribution network, enhancing its national presence while advancing the digital transformation of India's construction ecosystem.Read more

02 Nov 2025

Adani Airport Holdings Limited (AAHL) has entered into a partnership with AIONOS, a company under InterGlobe Enterprises, to strengthen digital systems across its airports. The collaboration aims to deploy artificial intelligence and data-driven platforms to improve efficiency, passenger experience, and operational coordination. This initiative complements AAHL's in-house platforms such as Aviio, Adani OneApp, and Airport-in-a-Box, which are already helping build connected and future-ready airports. The partnership reflects both companies' commitment to driving smart technology adoption in India's aviation ecosystem.Read more

20 Nov 2025

Inox Green Energy Services Ltd will provide O&M services for 5 GW of renewable energy projects developed by INOXGFL Group and KP Group. Through MoUs signed by Inox Wind and Inox Solar with KP Energy Ltd and KPI Green Ltd, the partnership aims to establish 2.5 GW each of wind and solar projects across India. Inox Green, managing 12.5 GW of renewable assets, specializes in long-term O&M services. As India's only listed renewable O&M company, it has over a decade of experience and serves major IPPs, PSUs, and retail clients.Read more

20 Nov 2025

Capital market representatives held a pre-Budget discussion with the Finance Minister where they asked for a reduction in transaction taxes and changes aimed at improving market efficiency and participation. Industry bodies highlighted the rising contribution of capital markets in resource mobilisation, which crossed INR 14.6 lakh crore in FY25, driven largely by equity and debt instruments. Officials from key financial institutions attended the meeting, which forms part of the government's annual consultation process before the Budget. With Budget 2026-27 set to be presented around February 1, the government is expected to focus on demand revival, job creation and maintaining stable growth.Read more

19 Nov 2025

Sales growth in India's FMCG market slowed in volume terms during the recent September quarter as the transition to revised GST rates caused temporary disruptions. While overall value growth rose, rural markets continued to lead demand for the seventh straight quarter, though the gap with urban areas has started to narrow. Smaller towns supported urban recovery, and e-commerce remained a strong contributor to FMCG sales. Modern trade also showed signs of revival. The sector's performance was influenced by stable food demand, slower home and personal care growth, and a stronger contribution from small manufacturers.Read more

18 Nov 2025

Voltsun Labs Pvt Ltd is establishing a greenfield solar cell and module manufacturing plant in Naidupeta, Tirupati district, with an investment of INR 1,743 crore. The Andhra Pradesh government is allotting 37 acres of land at concessional rates and will support the project with external infrastructure. The facility, built in two stages, will have 1 GW solar cell and 1 GW module capacity using TOPcon monocrystalline and bifacial technologies. The project is expected to create 415 direct jobs and strengthen the state's renewable energy sector.Read more

18 Nov 2025

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

20 Nov 2025

A massive fire in the Saganoseki district of Oita city in southern Japan destroyed more than 170 buildings and continued burning through the night. Over 175 residents moved to an emergency shelter after the fire began in the early evening earlier this week. One person remains missing, and officials have started an investigation into the cause. Aerial images showed homes reduced to debris, smoke across the hillside, and flames spreading toward nearby forested areas. Local authorities requested support, leading to the deployment of a military firefighting helicopter.Read more

20 Nov 2025

Arada, the UAE-based real estate developer backed by Gulf royals, has decided to acquire an 80% stake in the Thameside West mixed-use project in east London. The deal follows the launch of the company's UK operations a few months ago and marks a major expansion of its international portfolio. The development, valued at 2.5 billion pounds (about USD 3.29 billion), is planned to deliver at least 5,000 homes, with the first phase targeting around 1,000 units and construction planned for 2027. This acquisition also lifts Arada's London housing pipeline to 15,000 homes.Read more

20 Nov 2025

Rightmove is facing a potential legal claim worth about GBP 1 billion (USD 1.34 billion) from estate agents who argue that the portal has been charging excessive and unfair listing fees. The action is being led by Jeremy Newman, a former member of the UK antitrust watchdog, and aims to represent thousands of agents unless they opt out. The development follows a recent drop in Rightmove's share price after it signalled slower profit growth next year due to increased investments, including those in artificial intelligence. Market uncertainty, inflation pressures, and an upcoming tax-focused government budget continue to weigh on the UK property sector.Read more

20 Nov 2025

New Zealand's housing market recorded a slight rise in home prices during October, indicating that conditions have begun to stabilise after an uneven past year. Fresh data from the Real Estate Institute of New Zealand (REINZ) showed a small month-on-month increase in the seasonally adjusted median price, even though values were still lower compared with the same period last year. National sales activity picked up as well, supported by stronger buyer sentiment and the usual lift seen during the spring period. REINZ noted that most regions reflected an improvement in activity and overall confidence.Read more

19 Nov 2025

Hong Kong-based developer New World Development has announced plans to reduce about USD 1.3 billion of its debt following an early settlement deadline in its bond exchange offer. The company is swapping a portion of its perpetual bonds and senior notes targeting USD 1.02 billion of perpetuals and USD 29.9 million of senior notes to improve liquidity and avert defaults amid a tough property market. Earlier this year it deferred coupon payments and secured refinancing of over USD 12 billion to shore up its finances. The exchange offer closes on December 2.Read more