26 Feb 2026

The Andhra Pradesh government has approved a 200 MW solar park by Yashaswa Power LLP, part of Clean Max Enviro Energy Solutions Pvt Ltd, with an investment of INR 1,200 crore. The facility, spanning 1,200 acres in Sri Sathya Sai district, will produce about 445 million units of clean electricity annually and generate nearly 690 jobs. CleanMax, which operates 2.5 GW of renewable assets, has launched a Rs 3,100-crore IPO, attracting anchor investors like Temasek and SBI Life. The project supports the state's clean energy goals and strengthens private investment in sustainable power.Read more

26 Feb 2026

The Asian Development Bank has partnered with Aavas Financiers to provide a senior secured debt financing of USD 108 million (INR 983 crore), aiming to expand affordable housing and MSME loans in underserved Indian states. The deal includes USD 8 million through CANPA for green-certified and self-built homes and technical assistance of USD 1,50,000 to strengthen institutional capacity. At least 70% of loans will target lower-income borrowers, with half benefiting women property owners. The remaining 30% will support MSMEs, fostering entrepreneurship and jobs. CANPA builds on previous Canadian climate funds promoting private sector climate investments.Read more

Bangalore News Desk

26 Feb 2026

The Rail Land Development Authority (RLDA) of India has issued a request for proposal to lease a 34,517 sqm tract of railway land within the Yeshwantpur railway colony in Bengaluru for 99 years to enable a private residential development. Under the proposed arrangement, the selected developer will both construct new apartments for sale and undertake the redevelopment of existing staff quarters 316 units currently used by South Western Railway personnel which will remain reserved for railway staff. The project, with an estimated cost of INR 119 crore, will generate lease revenue shared between RLDA and the developer. E-bids must be submitted by 18 March. The initiative, presented as revenue generation, has attracted debate on optimal use of railway land against broader infrastructure needs.Read more

Hyderabad News Desk

26 Feb 2026

The Telangana Housing Board generated INR 34.27 crore in revenue from a public auction of 14 land parcels held in Hyderabad at the KPHB Housing Board Community Hall this week. The auction, notified on 9 February, attracted about 50 bidders and featured plots across prominent localities including Gachibowli, Bowrampet, Balaji Nagar (Kukatpally) and Chintal. Highest rates were seen in Gachibowli, where a 263 square yard plot fetched INR 1.76 lakh per square yard, well above its upset price, while a 266 square yard parcel in Balaji Nagar achieved INR 1.64 lakh per square yard. Other plots in Chintal sold at INR 84,000 and INR 74,000 per square yard, and a large Bowrampet parcel went for INR 61,000 per square yard. A residential flat in Nizampet also changed hands above its base price. The strong bidding underscores sustained demand for well-located Housing Board land in Hyderabad's real estate market.Read more

25 Feb 2026

Unity Small Finance Bank is preparing to enter the housing finance sector in the latter half of the upcoming fiscal year as part of a broader strategic repositioning following its unsuccessful bid to acquire Aviom India Housing Finance under the National Company Law Tribunal (NCLT)-monitored resolution process. The bank's executive chairman said that Unity SFB would prioritise strategic options rather than pursue acquisitions at any cost, signalling a cautious approach to expansion. Internal preparations are ongoing, with a focus on affordable housing finance and micro-loan products such as micro home loans and micro-LAP, rather than prime city lending. Unity SFB also aims to leverage its strong capital adequacy and explore organic growth opportunities, while planning for a potential public listing in approximately two to two-and-a-half years. Partnerships in digital products and diversified lending portfolios form part of the bank's evolving strategy.Read more

25 Feb 2026

Uttar Pradesh has received investment proposals worth INR 1 lakh crore during Chief Minister Yogi Adityanath's official visit to Singapore, with memoranda of understanding valued at INR 60,000 crore already signed. The proposals emerged from meetings with senior Singapore government leaders and executives from global investment and financial institutions, including GIC and Blackstone. The discussions focused on expanding economic cooperation, infrastructure-led growth and sector-specific opportunities in Uttar Pradesh. The chief minister also indicated plans to develop a global-standard aircraft maintenance, repair and overhaul ecosystem at Jewar International Airport, positioning aviation-linked infrastructure as a key investment driver. The state government said the response reflected rising global confidence in Uttar Pradesh's governance, infrastructure and investment climate.Read more

25 Feb 2026

CapitaLand India Trust has announced a private placement to raise at least SGD 150.0 million, with the issue price per new unit set between SGD 1.208 and SGD 1.237. The trust aims to strengthen its capital base and support its ongoing and future real estate projects in India. This capital-raising exercise reflects the trust's strategy to maintain liquidity and financial flexibility, while its diversified portfolio of commercial and retail properties continues to perform steadily. Investors are monitoring the placement closely, as it provides insight into asset valuation and the trust's potential for sustainable growth.Read more

Mumbai News Desk

25 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) is set to unveil its annual budget, focusing on large infrastructure and water projects. Major allocations will target Phase 2 of the Coastal Road, the Goregaon-Mulund Link Road (GMLR), the Gargai-Pinjal dam project, and wastewater treatment facilities. To fund these initiatives, the BMC is exploring property tax revisions and municipal bonds. With capital projects totaling nearly INR 1.5 lakh crore and only half of reserves available, the civic body aims to balance ambitious development goals with sustainable revenue sources for Mumbai's long-term urban growth.Read more

Delhi News Desk

25 Feb 2026

The Delhi government has initiated a detailed revision of circle rates across all property categories to bring official valuations closer to current market prices. This is the first structured review in several years and follows a widening gap between transaction values and government-notified rates. The exercise covers categories A to H and includes proposals for reclassification of certain localities based on actual market performance. Stakeholders were invited to submit suggestions before finalisation. The move is aimed at improving valuation accuracy, strengthening revenue collection, and ensuring more transparent property transactions in the capital.Read more

25 Feb 2026

Survivors of the devastating Mundakkai-Chooralmala landslides in Wayanad district, Kerala, have taken a significant step towards permanent resettlement by selecting new homes in a government-built township through an emotional draw of lots. In the first phase, 178 families who lost their homes in the disaster participated in the draw to choose plots and houses constructed under the township project at Elstone Estate, Kalpetta, designed to accommodate displaced families. Beneficiaries received coded slips indicating their allotted houses across multiple zones. Many expressed relief at securing permanent shelter after more than 18 months in rented accommodation, while some noted ongoing challenges in rebuilding livelihoods. The township development remains under construction, with formal handover of house keys scheduled in the coming weeks once infrastructure and finishing work is completed.Read more