Sweden's SBB Reports Pre-tax Loss of $120.14 Million in Q1 2024

MHADA Invites Bids to Redevelop 34-Acre Kamathipura in South Mumbai

The Mumbai Building Repairs and Reconstruction Board (MBRRB), a division of the Maharashtra Housing and Area Development Authority (MHADA), has invited tenders for the redevelopment of Kamathipura in South Mumbai under the cluster redevelopment scheme. The area, known for being a historic red-light district, spans 34 acres and includes around 943 cess buildings, with a total of 8,001 residents—6,625 of whom are residential tenants and 1,376 non-residential. The area is also home to about 800 landowners, and most of the buildings are around a century old.The redevelopment will cover a total n..

BMC Ropes in New Contractors to Speed Up Mithi River Desilting Work

The BMC has appointed two new contractors to complete the Mithi River desilting project after missing the deadline twice. The project had experienced significant delays due to an ongoing police investigation into alleged irregularities with previous contractors. The Mithi River, a key stormwater drain in Mumbai, plays a crucial role in mitigating urban flooding. Desilting began in April as part of the city's pre-monsoon disaster preparedness.Following the 2005 floods, the BMC prioritised regular maintenance of the river as part of its flood mitigation strategy. The desilting project is divided..

Hyderabad Records Rs 40+ Bn in Property Registrations in May 2025

According to Knight Frank India’s latest assessment, residential property registrations in Hyderabad rose by 2 per cent year-on-year (YoY) and 5 per cent month-on-month (MoM) in May 2025—the first such increase recorded this year. Total value of homes registered have surged by 14 per cent YoY and 4 per cent MoM. Registrations for homes priced above Rs 1 crore grew sharply by 37 per cent YoY, accounting for 19 per cent of total registrations. The Hyderabad residential market spans across four districts—Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy—and includes transactions f..