Afcons Infra Rises After Rs 3,355 Mn Arbitral Award

BMC OC Amnesty Scheme Requires Key Approvals from Mumbai Societies

The Brihanmumbai Municipal Corporation (BMC) has clarified that housing societies applying under its Occupation Certificate (OC) amnesty scheme must possess key approvals linked to the original construction. The requirements include a valid Intimation of Disapproval (IOD), an approved building plan and a Commencement Certificate (CC), along with a No Objection Certificate (NOC) from the developer or original construction applicant. The Standard Operating Procedure (SOP) makes clear that the absence of an OC alone will not qualify a building for relief. Societies must establish that their build..

Gurugram Emerges as Luxury Senior Living Hub

Gurugram is emerging as a potential hub for luxury senior living, supported by available land, healthcare infrastructure, connectivity and a concentration of affluent professionals, high-net-worth individuals and non-resident Indians. These factors could give the city an advantage over land-constrained metros such as Mumbai. A report by the Association of Senior Living India (ASLI) and JLL estimates that India’s organised senior living market could represent a $10.1 bn opportunity by 2030. The sector had about 25,050 organised units as of June 2026, while penetration stood at only 1.5 per ce..

Corrosion Costs India’s Infrastructure Rs. 142 bn Annually

Corrosion costs India an estimated Rs. 1.42 tn annually, equivalent to 4.3 per cent of gross domestic product, according to a report by the Confederation of Indian Industry and the National Research Institute. Infrastructure accounts for Rs. 142 bn of the annual burden, making it the sector with the largest absolute cost among those examined. The report, presented at the CII Annual Infrastructure Summit 2026, said the infrastructure-sector cost equals about 2.9 per cent of the sector’s gross domestic product. It estimated that effective measures could generate maximum savings of Rs. 495.8 bn..