02 Mar 2026

Leader of Opposition in the Maharashtra Assembly, Vijay Wadettiwar, criticised the state government over its handling of land acquisition for the proposed Shaktipeeth Expressway, alleging that farmers are being pressured at a time when unseasonal rains and hailstorms have damaged crops across several districts. He said compensation for earlier losses and a promised paddy bonus are still pending. Protests have been reported in Parbhani and other districts, where farmers have opposed the survey process and police deployment for land measurement activities.Read more

02 Mar 2026

Foreign companies, led largely by US-based corporates, have leased around 101 million sq ft of office space across India's seven major cities over the past five years to establish Global Capability Centres (GCCs), according to Colliers India. This accounted for 36 per cent of the total 280.2 million sq ft of gross office leasing recorded between 2020 and 2025 in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. US firms alone absorbed nearly 71 million sq ft, reinforcing their dominant role in GCC-led demand. Colliers noted that GCCs have evolved beyond cost-arbitrage centres into globally integrated hubs for innovation and research. The consultant expects foreign entities to lease 35-40 million sq ft annually for GCCs, potentially lifting their share of India's office demand to as much as 50 per cent in the coming years.Read more

Mumbai News Desk

02 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has initiated steps to auction 12 properties across Mumbai to recover over INR 269 crore in long-pending property tax dues. Final notices have been issued to defaulters, giving them 21 days to clear payments before e-auction proceedings begin. The properties include commercial buildings, vacant plots and mixed-use sites in prime locations such as Fort, Bandra, Andheri and Santacruz. The action is part of BMC's ongoing drive to improve tax recovery and strengthen municipal revenues amid rising arrears.Read more

01 Mar 2026

Mumbai's property investment landscape in 2026 is being shaped by a combination of large-scale infrastructure delivery, expanding transit networks and a growing preference for lifestyle-oriented residential formats. Several micro-markets across the city and its periphery are emerging as key investment destinations, spanning established luxury corridors, evolving commercial-residential hubs and plotted development zones. Locations such as Chembur and Mulund are benefiting from improved regional connectivity, while Panvel's growth is being driven by airport-led infrastructure and integrated township development. Peripheral markets like Karjat are drawing interest for plotted and second-home formats, while western suburbs including Malad and Goregaon continue to see steady demand for premium housing. Together, these markets reflect a broader shift towards connectivity-led, long-term residential investment opportunities across the Mumbai Metropolitan Region.Read more

01 Mar 2026

A First Information Report (FIR) has been filed in Dehradun, Uttarakhand, after the district administration uncovered the illegal sale of around 0.76 hectares of land that was under a court ban on PACL-linked properties. The transaction, alleged to have taken place in October 2025, involved forged documents and the concealment of the land's restricted status when it was sold to a buyer from Zirakpur, Punjab. The plot in Aamwala Tarla had been barred from transfer under orders associated with the PACL (Pearls Agro Tech Corporation Limited) liquidation process overseen by the former RM Lodha Committee, but the sale deed was still registered under the Registration Act, 1908. Dehradun authorities have lodged an FIR naming both the seller and buyer, and are now also probing the conduct of the sub-registrar's office that processed the deed amid the ongoing court prohibition.Read more

28 Feb 2026

CBRE's Asia Pacific Real Estate Market Outlook for 2026 has indicated that commercial real estate investment and leasing activity across the region is expected to strengthen, even as overall economic growth shows signs of moderation. Investment volumes are projected to rise by 5-10% year-on-year, supported by improving investor sentiment and stronger net buying intentions. The office sector has re-emerged as the most preferred asset class for the first time since 2020, driven by better leasing fundamentals and limited supply in core locations. Investors are increasingly shifting focus towards rental income growth rather than yield compression. Alongside offices, data centres and living assets are gaining attention, while logistics, retail and hotels are expected to see steady but more measured growth across key Asia Pacific markets.Read more

27 Feb 2026

Apple is expanding its physical retail presence in India with a new store in Borivali, Mumbai. The outlet will be the company's sixth in the country and will operate fully on renewable energy while employing over 70 people. In parallel developments, Tata Power has introduced smart lighting and automation solutions for commercial and industrial buildings under its EZ Home initiative, targeting up to 80 per cent energy savings. Britannia has also unveiled a premium variant of its 50-50 biscuit to mark the brand's 30th anniversary.Read more

27 Feb 2026

Mumbai's civic body has proposed a INR 80,952.56 crore budget for 2026-27, reflecting an 8.77 per cent rise over the previous year. A key highlight is the planned deployment of INR 36,623.09 crore from fixed deposits to finance major infrastructure works. Capital expenditure forms nearly 60 per cent of the total outlay under the Mega Mumbai Makeover plan. Large allocations have been made for coastal roads, sewage treatment upgrades, road concretisation, water security and healthcare infrastructure. The BMC is also examining municipal bonds as a new funding route.Read more

Lucknow News Desk

27 Feb 2026

The Uttar Pradesh government will conduct a lottery on 28 February for the allotment of plots in the forthcoming Lucknow IT City, an integrated technology and business district being developed on the Agra�Lucknow Expressway corridor. Uttar Pradesh officials said that applications were received under two categories � IT/ITeS and allied services and commercial & hospitality � and that the lottery will determine successful applicants among the eligible bidders. The plot sizes range from 2,487 sq m to over 4,000 sq m, with the largest parcel measuring 4,163 sq m. The initiative forms part of the state�s strategy to attract technology, business and service sector investments to the region, and will be overseen by relevant departments with transparency measures in place to ensure fairness in the allotment process. Successful applicants will be notified soon after the draw.Read more

27 Feb 2026

Uttar Pradesh Chief Minister Yogi Adityanath signed MoUs worth INR 11,000 crore with Japanese companies, including Kubota, Minda Corporation, JAE, Nagase & Co., Seiko Advance, O&O Group, Fuji Japanese JV, and Fujisilvertech Concrete. The agreements span sectors such as agricultural and industrial machinery, automotive components, electronics, water and environmental infrastructure, industrial printing, and hospitality. Officials stated the deals are expected to boost manufacturing capacity and advance collaboration between India and Japan. Companies like Kubota, Minda, and JAE bring expertise in machinery, automotive electronics, and aerospace components, while O&O will focus on hospitality and real estate.Read more