The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
The Supreme Court has declared the right to walk on demarcated footpaths a fundamental right, prioritising it over motorised vehicle movement, and has called for the establishment of a regulatory body to ensure its enforcement and provide restitutionary remedies for violations.
Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.
West Bengal Chief Minister Suvendu Adhikari has alleged that the building plan for the collapsed Kolkata warehouse, which killed 10 people, was approved despite a faulty design and bears the signature of former mayor and TMC leader Firhad Hakim. Adhikari announced Rs 10 lakh compensation for the deceased's families and Rs 1 lakh for the injured, while also suspending all construction work in the Kolkata Metropolitan Area for four weeks for an audit of sanctioned plans.
The Delhi Gymkhana Club, a historic landmark in Lutyens' Delhi, is facing eviction as the government seeks to reclaim its land for defence infrastructure, raising concerns about the future of this elite institution.
The Centre had asked the Gymkhana Club in Lutyens' Delhi to hand over the premises, citing that the 27.3-acre plot was required for "strengthening and securing defence infrastructure".
Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.
A series of decisions were taken under the Public Health Department, including an approval to increase honoraria for field-level workers engaged under the Ayushman BharatPradhan Mantri Jan Arogya Yojana and Mahatma Jyotirao Phule Jan Arogya Yojana.
Gurugram, already established as the corporate hub of Delhi-NCR, is increasingly attracting developers from outside the region, drawn by robust end-user demand, premium pricing, and emerging development opportunities.
Implementation of the reforms through a special purpose vehicle is a way to seek greater accountability.
'All this diversity that our country provides brings in a lot of learnings.' 'That is what I really end up sharing with the whole community.' 'But it all comes through making my shoes dirty.'
The Supreme Court of India has upheld an order directing NBCC to complete 16 delayed housing projects of Supertech Limited, providing relief to thousands of homebuyers who have been waiting for nearly two decades.
The Supreme Court of India has upheld an order directing NBCC to complete 16 delayed housing projects of Supertech Limited, providing relief to thousands of homebuyers who have been waiting for nearly two decades.
A BJP government in Bengal inherits more problems than it might care to admit at its moment of triumph, points out Ramesh Menon
Only a limited set of investors should invest directly in corporate bonds.
Maharashtra Chief Minister Devendra Fadnavis orchestrated a significant victory for the BJP in the recent civic polls, solidifying his position as a key strategist and influential leader within the party.
India's housing market has remained resilient this festival season (Dussehra-Diwali period), despite global macroeconomic challenges, tech-sector layoffs, and affordability pressures, with developers reporting 10-25 per cent year-on-year (Y-o-Y) rise in home sales across major cities.
'It would have polarised the Marathi-non Marathi divide further. 'Fadnavis had a very clear strategy: Let all Marathi people campaign for us (the BJP), and whatever results we get will be delivered by Marathi people only.'
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
Former BJP MLA Akash Vijayvargiya, son of MP Urban Development and Housing Minister Kailash Vijayvargiya, wrote to IMC commissioner Shivam Verma claiming some streets in Chandan Nagar had been renamed on the basis of a "particular religion".
Maharashtra heads to the polls for 29 municipal corporations, with Mumbai's BMC election taking center stage as the BJP-led Mahayuti faces off against the Thackeray front. Key issues include promises for women, pollution control, and the city's financial health.
Interest in green living is rising, with clean air and open spaces becoming key selling points for residential projects, particularly as Indian cities struggle with deteriorating air quality.
'We don't have a say which MP stays where. We prepare everything and allot according to the list we get from Parliament.'
The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to a report by ICICI Bank. The report also noted that this growth is higher than the 7.1 per cent increase seen in FY25 and is mainly driven by rise in GST revenue from strong urban consumption. It said "The increase is driven by higher goods and services tax collections which in-turn is explained by boost to urban consumption".
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
Public sector housing finance firm Housing and Urban Development Corporation has reduced interest rates on home and project loans by 50 to 125 basis points with effect from January 1, 2009. LIC Housing Finance on Wednesday cut interest rates for existing home loan borrowers by 0.75 per cent with effect from January 1.
Bengaluru-based Ultraviolette launches the fighter jet-inspired X-47 Crossover electric motorcycle at Rs 2.49 lakh, with deliveries to commence in October.
Home purchase affordability has improved in the first half of calendar year (CY) 2025, after the RBI reduced the repo rate by 100 basis points (bps), according to real estate consultancy Knight Frank India.
The move is to align affordable housing finance flows to the increase in property costs and inflation, says Raghu Mohan.
Maharashtra Minister Uday Samant on Friday claimed that many leaders from the opposition Shiv Sena-UBT were in touch with his party and would be inducted in phases.
The HC also criticised the principal secretary of the urban development and urban housing department for preparing and submitting such a report, nearly 6 months after 14 persons lost their lives in the tragedy.
Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court on Tuesday directed the CBI to register seven preliminary enquiries against builders in NCR, including Supertech Limited.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
Saurav Ghosh's step-by-step guide will help you understand what bonds are, how they help investors make money, how much money they make and which bonds to invest in.
The metro section opened at noon on Thursday for the general public.
India's housing sector is witnessing probably the "biggest boom" in the last one and half decade driven by various factors such as affordability and customers aspiration to own homes, HDFC Capital Advisors Managing Director and CEO Vipul Roongta said on Tuesday. Addressing a real estate summit organised by FICCI, he noted that the residential real estate segment has revived strongly after going through a lot of pain due to new realty law RERA and demonetisation. "In the last one and half decade, I think this is probably the biggest boom I am personally seeing as an organisation on the residential segment, whether it is affordable mid-income and premium housing properties," said Roongta, who is also co-chairman, FICCI Real Estate Committee.
After getting the approval of raising up to Rs 30,000 crore (Rs 300 billion) through issuance of tax-free bonds this financial year, infrastructure finance companies, Housing and Urban Development Corporation (HUDCO) and Power Finance Corporation (PFC), have thrown open their subscriptions under the private placement route.
'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
IRFC, NHAI, Hudco and others to hit the market in next few months.
