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InfrastructureLatest Stories

Maharashtra Cabinet Approves Metro Linking Mumbai, Navi Mumbai Airports

MUMBAI: The Maharashtra Cabinet Infrastructure Committee has approved a 35-km Metro project aimed at linking the Mumbai and Navi Mumbai international airports with a budget exceeding Rs 22,000 crore. The corridor will feature 20 stations: 6 underground and 14 elevated. The land acquisition for the project will cover 30.7 hectares and is estimated to cost Rs 388 crore, as per a statement from the Chief Minister’s Office. The committee, a high-level ministerial group, has sanctioned the Metro Line 8 project, projected to cost Rs 22,862 crore. Chief Minister Devendra Fadnavis has instructed that all land acquisition and necessary approvals for…

CommercialLatest Stories

WeWork India Reports ₹16.78 Crore Profit in Q3 FY26

NEW DELHI: WeWork India Management announced a net consolidated profit after tax of ₹16.78 crore for the quarter ending December 31, 2025. This marks a significant recovery from a loss of ₹83.11 crore during the same quarter last year, according to a filing with BSE. The company’s net consolidated total income reached ₹643.81 crore in Q3 FY26, reflecting a robust growth of 26.64% compared to ₹508.37 crore reported in the corresponding quarter last year. The company’s primary business, workspace as a service, accounted for 83.4% of its revenue, while managed offices contributed 21%, value-added services made up 13.5%, and digital…

IndustryLatest Stories

Andhra CM Advocates Amaravati Capital Bill in Parliament

VIJAYAWADA: Chief Minister and TDP leader Chandrababu Naidu announced that a Bill will likely be introduced in Parliament during the budget session to formally recognize Amaravati as the capital of Andhra Pradesh. He urged party MPs to intensify efforts to secure Central funds for ongoing and proposed development projects in the state and to remain vigilant during the upcoming budget session to safeguard Andhra Pradesh’s interests. Naidu chaired a meeting of the Telugu Desam Parliamentary Party at his camp office on Sunday, where he outlined key issues to be addressed during the budget session planned from January 28 to April…

IndustryLatest Stories

Raymond Realty Q3 FY26 Net Profit Hits ₹66.79 Crore

NEW DELHI: Raymond Realty has announced a consolidated net profit of ₹66.79 crore for the quarter ending December 31, 2025, a significant increase from ₹3.01 crore reported in the same quarter last fiscal year, according to a BSE filing. The company’s consolidated total income for Q3 FY26 reached ₹765.97 crore, compared to ₹93.26 crore in the corresponding quarter of the previous year. Harmohan Sahni, the managing director and CEO, stated, “Margins were temporarily affected due to upfront approval and marketing expenses, which are crucial investments for achieving scale and ensuring sustainable long-term growth.” The company projects that joint development agreements…

Latest StoriesResidential

Housing Sales Drop 14% in Major Cities: Report

NEW DELHI: Housing sales in the top seven cities experienced a 14% decline year-on-year, totaling approximately 3.96 lakh units in 2025, according to a report from the Indian Chamber of Commerce (ICC) and Anarock. Despite the drop in sales volume, the overall transaction value grew by 6%, exceeding ₹6 lakh crore. This trend highlights a significant shift in urban housing demand. After a period of stagnant price growth from 2015 to 2019, residential prices surged nearly 54% from 2019 to 2024 due to post-pandemic recovery, infrastructure enhancements, and consolidation among major developers. In 2025, price growth moderated to an estimated…

Latest StoriesResidential

Pune stamp duty collections surpass ₹7,100 crore in 2025

NEW DELHI: In 2025, Pune’s real estate market achieved over ₹7,100 crore in stamp duty revenue, marking its highest level in four years, according to Knight Frank India. Although property registrations dipped slightly, they still totaled 1,85,657 for the year, a 2.3% decrease compared to the previous year. Despite this, stamp duty collections saw a minor increase of 0.3%, reaching ₹7,119 crore, reflecting a consistent demand for high-value homes. In December 2025, property registrations plummeted 30% year-on-year to 12,079 units, while stamp duty revenue dropped by 28%. However, this significant decline is attributed to a high base from December 2024.…

InfrastructureLatest Stories

Delhi Government Aiming to Boost Slum Residents’ Living Standards

NEW DELHI: On Republic Day, Delhi Chief Minister Rekha Gupta hosted a lunch for slum residents at her residence, ‘Jan Sewa Sadan,’ and inaugurated development projects worth ₹327 crore in Jhuggi Jhopri (JJ) clusters. During the event, she reaffirmed her government’s dedication to the development of these areas, announcing an allocation of ₹144 crore for various initiatives. The Delhi government has granted administrative approval of ₹225 crore for the construction of 476 public convenience complexes, with ₹81 crore already issued for 214 projects, according to a statement from the Chief Minister’s Office (CMO). Additionally, administrative approval of ₹102 crore has…

Latest StoriesResidential

HNIs Expect India’s Luxury Housing Market to Cool by FY27

NEW DELHI: A recent survey by property consultant India Sotheby’s International Realty indicates that demand and prices for luxury homes may decline in major cities in the upcoming fiscal year, with 56% of wealthy respondents agreeing. The survey, conducted amongst nearly 700 high net worth individuals (HNIs) and ultra HNIs, aimed to evaluate their perspectives on India’s economic growth, investment strategies, and the luxury housing market. In its report, ‘The India Luxury Residential Outlook 2026’, released on Sunday, India Sotheby’s International Realty (ISIR) revealed that 67% of HNIs and UHNIs remain optimistic about India’s economic prospects despite facing global challenges.…

CommercialLatest Stories

Gurugram: DTCP Issues Notice to Developer After License Lapse

GURUGRAM: The Directorate of Town and Country Planning (DTCP) has issued a regulatory notice to a developer for alleged non-compliance with regulations relating to a commercial colony project in Sector 65. The developer received licenses in 2011 and 2012 for a 3.2-acre project within the Badshapur revenue estate, part of the Gurgaon-Manesar Urban Complex. These licenses expired in January 2019 and February 2020. The developer did not apply for renewal in the specified timeframe, nor did they submit the required renewal fee and accompanying documentation. The department has pointed out the failure to transfer land designated for master plan roads…

InfrastructureLatest Stories

3,400 Bighas Allocated for Chandigarh City Project in Baddi

SHIMLA: A total of 3,428 bighas of land has been earmarked for residential development in the proposed Him Chandigarh City at Baddi, located in the Solan district. Additionally, around 5,000-6,000 bighas from the common pool have also been identified for the project. This information was disclosed during a cabinet sub-committee meeting held on Thursday, led by Himachal Revenue Minister Jagat Singh Negi, which aimed to assess the progress of the Him Chandigarh City initiative. Housing and Town and Country Planning Minister Rajesh Dharmani was also present. Solan Deputy Commissioner Manmohan Sharma provided a comprehensive update on land availability and revenue…