27 Feb 2026

Apeejay Surrendra Park Hotels Ltd is expecting to generate around INR 350 crore from a serviced residence project on EM Bypass in Kolkata, which will be used to fund the construction of a new luxury hotel in the city. The mixed-use development is being undertaken in partnership with Ambuja Neotia Group and marks the first collaboration between the two Kolkata-based groups. Spread across 3.35 acres of land owned by Apeejay Surrendra Park Hotels, the project will comprise a 69-unit serviced residence development alongside a 218-key luxury hotel. Both components are targeted for completion by 2030. Company executives said the residential monetisation strategy would help reduce the capital burden associated with developing large hotel assets in premium urban locations.Read more

27 Feb 2026

Delhi Metro Rail Corporation (DMRC) has completed a complex tunnelling stretch beneath an active railway line, a busy flyover and an operational metro corridor as part of the Janakpuri West& RK Ashram Metro corridor under Phase IV. The 203-metre section near Sadar Bazar was executed 15 metres below ground without stopping railway, metro or road traffic. The work took 117 days due to technical complexity and multiple approvals. The stretch forms part of the 11.4 km underground package that includes six new stations in central Delhi.Read more

Mumbai News Desk

27 Feb 2026

The proposal to install astroturf at Colaba Back Garden in south Mumbai has been withdrawn after objections from local footballers and residents. Maharashtra Legislative Assembly Speaker Rahul Narwekar clarified that the ground will retain its natural mud surface and there will be no reduction in its size. While the artificial turf plan has been shelved, basic infrastructure such as floodlights, toilets and changing rooms will be added. The Brihanmumbai Municipal Corporation will also level the ground to improve playing conditions while preserving its traditional character.Read more

27 Feb 2026

RailTel Corporation of India, along with Ashoka Buildcon, has secured a Letter of Intent from the Maharashtra Government for the modernisation of the Inspector General of Registration and Controller of Stamps offices. The five-year contract is valued at approximately INR 1136.18 crore, based on a per-page scanning rate and past document volumes. The consortium will function as a Managed Service Provider, handling digitisation and IT system upgrades across the state. The project is expected to streamline registration processes and strengthen digital record management.Read more

27 Feb 2026

The Maharashtra government has provided INR 4,897.19 crore for metro and road projects in the Kalyan -Badlapur corridor through the recent MMRDA budget. The allocation focuses on expanding Metro Lines 5, 5A, 12 and 14, along with major road works including the Kalyan Ring Road and Airoli-Katai Freeway Phase 3. The move aims to ease pressure on the heavily crowded suburban railway network connecting Badlapur, Ambernath, Kalyan, Dombivli and Thane with Mumbai, while improving overall connectivity in the fast-growing eastern belt of the Mumbai Metropolitan Region.Read more

26 Feb 2026

The Commission for Air Quality Management (CAQM) has raised concerns over heavy congestion at municipal toll plazas across Delhi NCR and said that immediate implementation of barrier-free tolling is necessary to reduce vehicular emissions. At its recent full commission meeting, the panel reviewed a report submitted to the Supreme Court and stressed the adoption of RFID and Automatic Number Plate Recognition systems to ensure seamless traffic flow. It also approved 46 new air quality monitoring stations and examined long-term pollution trends, highlighting the need for coordinated regional action.Read more

26 Feb 2026

The Centre has allowed resident welfare associations (RWAs), developers and private entities to propose and implement civic infrastructure projects under the INR 1 lakh crore Urban Challenge Fund. The scheme shifts part of the responsibility from financially stressed urban local bodies to citizen groups and private stakeholders. The Centre will provide around INR 20,000 crore annually for five years, with states matching the contribution and the remaining funds raised through loans, bonds and private investment. Projects will focus on redevelopment, growth hubs and water and sanitation infrastructure.Read more

26 Feb 2026

Shoppers Stop has relaunched its Juhu store, marking a significant step in its premiumisation journey. The revamped store combines global fashion, beauty, lifestyle, and home brands, with several making their debut at this location. Experiential installations such as Echoes of Fragrance, Juhu Seashore, and Bollywood Bioscope enhance the shopping experience by connecting it to local culture and cinema heritage. With curated layouts, immersive storytelling, and services like Personal Shopper, the store positions itself as a destination for sophisticated and style-conscious consumers in Mumbai, reflecting evolving premium retail expectations.Read more

26 Feb 2026

Jawaharlal Nehru Port Authority (JNPA) has revised the land acquisition cost for the Vadhvan port connectivity project in Maharashtra to about INR 2,300 crore, up from the earlier estimate of around INR 800 crore. The increase is due to higher guideline rates and recent land transactions in Palghar district. A total of 606 hectares across 24 villages is being acquired for road and rail links. Compensation is being paid at double the market value, along with statutory benefits under the land acquisition law.Read more

Gurugram News Desk

26 Feb 2026

District authorities in Gurugram conducted a large-scale anti-encroachment operation along Golf Course Road that resulted in the demolition of nearly 450 illegal shanties, spread over approximately two acres of government-notified land in the Saraswati Kunj area of Sector 53. The action, carried out with police support on the weekend before last, formed part of ongoing enforcement efforts to curb unauthorised construction and encroachments that have persisted despite legal restrictions and notices. Officials stated that the structures, which lacked proper permissions and had emerged in a disputed colony, were razed without major disturbances and that similar drives had been undertaken previously as part of a continued monitoring and removal campaign. Authorities reiterated that building without valid approvals remains prohibited, and any such encroachments will continue to be subject to strict action pending resolution of underlying land ownership disputes.Read more

Chennai News Desk

26 Feb 2026

The new suburban railway station at Kilambakkam and the 275-metre elevated skywalk connecting it to the Kalaignar Centenary Bus Terminus (KCBT) are expected to open in March. Authorities have completed most structural work and are now addressing minor corrections on a segment crossing GST Road. The final link to the railway's island platform is being coordinated with Indian Railways and CUMTA. Once operational, the integrated facility will provide seamless bus-rail connectivity, resolving access challenges faced by commuters since the bus terminus became functional.Read more

26 Feb 2026

SATS has finalized its cargo logistics facility at Noida International Airport, ahead of the airport's inauguration next month, with nearly INR 1,000 crore already invested. The company plans an additional INR 600 crore to build an integrated logistics park providing end-to-end airfreight services. Through its AI-SATS joint venture, SATS aims to establish Uttar Pradesh as a global aviation hub. Leveraging its global network of 225 locations, SATS seeks to link the state's agricultural, industrial, and service sectors with international markets, while transferring advanced logistics practices and technologies to local operations.Read more

26 Feb 2026

Noida International Airport has partnered with Mann Fleet Partners Limited to manage and operate ground transportation services as it moves closer to becoming operational. The agreement covers rental car services, premium kerbside pick-up and drop-off facilities, and bus shuttle operations within the airport and to key nearby locations such as Pari Chowk, Botanical Garden and Greater Noida West. The initiative aims to ensure seamless passenger access before long-term metro and rapid rail links become operational, strengthening the airport's broader multimodal connectivity plan.Read more

26 Feb 2026

The proposed Sonepur greenfield airport in Bihar has moved forward after receiving site clearance from the Union civil aviation ministry, with the state government initiating the tender process. Senior BJP leader and former Union minister Rajiv Pratap Rudy said the project could help Bihar develop into a major aviation hub in South Asia. Spread over more than 4,200 acres, the airport is planned with a 4.2-km runway and an estimated INR 1,302 crore earmarked for land acquisition, along with supporting road and bridge infrastructure.Read more

26 Feb 2026

Union minister for ports, shipping and waterways Sarbananda Sonowal has launched and laid the foundation for projects worth around INR 1,500 crore at V.O. Chidambaranar Port in Tamil Nadu. The initiatives focus on upgrading port infrastructure, deploying clean energy systems, adopting advanced digital technologies and strengthening security. Inaugurated projects include road connectivity works, a maritime heritage museum, a digital twin platform for AI-driven operations, and an anti-drone security system. Foundation stones were laid for renewable energy and green fuel projects, rail infrastructure, shipbuilding equipment manufacturing and the government's green tug initiative. The investments are expected to reduce logistics costs, support industrial growth across southern Tamil Nadu, improve regional and international maritime connectivity, and enhance the port's competitiveness as a transshipment hub.Read more

26 Feb 2026

The Centre has approved INR 97 crore for upgrading Sairang railway station in Mizoram into a world-class facility. The decision was shared in the state assembly by Chief Minister Lalduhoma. The project follows the operationalisation of the Bairabi Sairang railway line, which connected Mizoram's capital region to the national rail network for the first time. The upgrade will include structural expansion, new passenger amenities, and beautification works. The state government is also in discussions with the Ministry of Railways to establish a warehouse near the station to support trade and logistics.Read more

26 Feb 2026

The Union government has rolled out the National Monetisation Pipeline (NMP) 2.0 with a target to mobilise INR 10 lakh crore over five years. The revised pipeline estimates a total monetisation potential of INR 16.72 lakh crore between FY26 and FY30, including INR 5.8 lakh crore from private investment. Highways, power, ports and railways are expected to contribute the largest share. The programme builds on NMP 1.0, which achieved 89 per cent of its INR 6 lakh crore target. The initiative focuses on recycling public assets to fund fresh infrastructure development while limiting budgetary pressure.Read more

26 Feb 2026

The Union government has introduced a new quality-assessment initiative for ongoing National Highway projects, shifting the focus from network expansion to construction standards and reliability. The programme, led by the Ministry of Road Transport and Highways, deploys Mobile Quality Control Vans (MQCVs) to carry out rapid, on-site diagnostics of highway works. Pilot projects have already been implemented across Rajasthan, Gujarat, Karnataka and Odisha. These vans operate as moving laboratories equipped with non-destructive testing tools to assess pavement and structural quality. Test findings will be shared with field offices for corrective action where deficiencies are identified. In the next phase, the ministry plans to launch a National Highway Quality Monitoring Portal to provide real-time access to test reports and GPS-based tracking of the vans, strengthening transparency and oversight.Read more

26 Feb 2026

Adani Power's subsidiary Moxie Power Generation Ltd has secured a five-year contract to supply 558 MW of electricity to Tamil Nadu Power Distribution Corporation Ltd. The company emerged as the lowest bidder by quoting a tariff of INR 5.910 per unit, with supply scheduled to begin from April 1, 2026. The contract strengthens Adani Power's long-term revenue visibility, with over 95 per cent of its operating capacity now tied to medium- and long-term agreements. The deal is also expected to support grid stability and ensure reliable power supply across Tamil Nadu.Read more

26 Feb 2026

Bharti Airtel plans to invest INR 20,000 crore over the coming years into its NBFC arm, Airtel Money Limited, aiming to build a large-scale digital lending platform and broaden formal credit access in India. The telecom company will contribute 70% of this investment, with Bharti Enterprises providing the rest. Airtel Money received its NBFC licence from the Reserve Bank of India earlier this month. The NBFC will integrate its operations with the existing lending service provider platform, which has disbursed over INR 9,000 crore in the past two years.Read more