Finance Minister Reviews Capex Plans

26 Sep 2024 CW Team

The Finance Minister recently conducted a review meeting concerning the capital expenditure (Capex) plans of the Ministry of Housing and Urban Affairs. This initiative aims to ensure efficient utilization of allocated funds for various urban development projects across the nation. During the meeting, the Finance Minister emphasized the importance of timely implementation of projects, particularly those aimed at enhancing housing availability and improving urban infrastructure.

Significant attention was given to the execution of the Pradhan Mantri Awas Yojana (PMAY), which seeks to provide affordable housing for all. The minister highlighted the necessity for states to expedite approvals and clearances to facilitate the smooth progress of projects under this flagship scheme. The discussions also included insights into how urban development plays a crucial role in the overall economic growth of the country.

Moreover, the review outlined the need for increased investment in smart city initiatives, aiming to transform urban landscapes through innovative technology and sustainable practices. The Finance Minister urged stakeholders to focus on enhancing urban living standards, including essential services such as sanitation, waste management, and public transportation.

The meeting served as a platform to address potential challenges faced by the housing and urban affairs sector, with an aim to streamline processes and encourage public-private partnerships. The commitment to revitalizing urban areas through effective capital allocation reflects the government's dedication to improving the quality of life in cities while promoting sustainable urbanization.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..