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Jindal Steel Secures LoI for Odisha Iron Ore; Manganese Block
Steel

Jindal Steel Secures LoI for Odisha Iron Ore; Manganese Block

Jindal Steel has reportedly received a Letter of Intent from the Odisha government for a 50-year mining lease of the Roida-I Iron Ore and Manganese Block in Keonjhar. Spanning over 104 hectares with a 126 MT deposit and 3 MTPA clearance, the block boosts the company’s raw material security. The l...

Jindal Steel has reportedly received a Letter of Intent from the Odisha government for a 50-year mining lease of the Roida-I Iron Ore and Manganese Block in Keonjhar. Spanning over 104 hectares with a 126 MT deposit and 3 MTPA clearance, the block boosts the company’s raw material security. The lease, won via e-auction, aligns with Jindal Steel’s integrated, sustainable steelmaking vision and supports its long-term self-reliance and regional development goals.

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Infrastructure Urban

PCMC to Expand Fire Network with New Stations Across City

The Pimpri-Chinchwad Municipal Corporation (PCMC) is expanding its fire station network to enhance emergency response in the rapidly growing city. Ten fire stations are currently operational, including key locations like Pimpri, Bhosari, Chikhli, and Moshi.Construction is underway at Punawale, Dighi, and Nigdi-Pradhikaran (Hedgewar Bhavan), alongside upgrades at the Pimpri headquarters. New stations are being planned to serve industrial hubs, residential zones, and emerging townships.PCMC is also acquiring land in areas like Pimple Nilakh, Chikhali, and World Pride City. Efforts include coordi..

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Real Estate

Delhi NCR Luxury Housing Sales Rise 9% in H1 2025

Luxury housing sales in Delhi NCR climbed 8.5% year-on-year to 5,168 units in the first half of 2025, up from 4,763 in H1 2024, according to JLL. Gurugram dominated the segment with 91% of the region’s luxury transactions, driven by key corridors like the Southern Peripheral Road (SPR) and Dwarka Expressway, which together accounted for 61% of sales.Despite an overall 23% dip in residential sales in Delhi NCR, the luxury segment remained resilient. The share of luxury homes surged to 27% in total sales, up from 19% in H1 2024.SPR emerged as a major hotspot, contributing 39% of luxury sales i..

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Real Estate

Ashiana Housing to Invest Rs 425 Cr in Senior Living

Ashiana Housing has announced a Rs 425 crore capital outlay for FY25–26 to expand its senior living housing segment. The investment covers land acquisition, construction, and execution costs.In FY24–25, the company spent Rs 213 crore and recorded Rs 382 crore in bookings. This year, it aims to launch five new project phases across 5.71 lakh sq. ft., with a target of Rs 450 crore in bookings.The company operates nine projects across Bhiwadi, Chennai, Jaipur, Pune, and Lavasa and now plans to enter the Mumbai and Bengaluru markets. Senior living now contributes over 30% to its residential po..

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