Congress Vows Gurugram-Manesar Metro Extension if Elected

Sheth Realty sets Rs 30 billion target for FY26 launches

Mumbai-based Sheth Realty is targeting a topline of over Rs 30 billion in the financial year 2025-2026, driven by planned launches in Borivali, Dombivli, Versova, and Mulund. The announcement follows the success of its debut project, Promont, located near the Sion-BKC Connector, which recorded sales worth Rs 4 billion within nine months of its launch. The company reported that 50 per cent of the project inventory was sold during just 20 per cent of its overall project lifecycle.In January 2025, Sheth Realty and Aakshya Realty secured Rs 1.5 billion in funding from IndusInd Bank to ensure the s..

SAMHI and GIC form Rs 22 billion hotel JV platform in India

SAMHI Hotels and global institutional investor GIC have announced a strategic joint venture to establish an Upscale+ hotel investment platform in India, with an equity investment plan of up to US$300 million. The venture will be launched with five seed assets valued at around Rs 22 billion, located in Bengaluru and Pune.These include Hyatt Regency Pune (301 rooms, plus 22 upcoming apartments), Courtyard by Marriott and Fairfield by Marriott on Bengaluru’s Outer Ring Road (176 and 160 rooms respectively), and Trinity Hotel in Whitefield, Bengaluru (142 rooms), which will be repositioned under..

Delhi to Add 2,080 E-Buses, Retire 1,000 Ageing Vehicles in 2025

The Delhi Transport Department will induct 2,080 electric buses into its fleet during 2025 while phasing out 1,000 ageing vehicles to modernise the city’s public transport system. The first phase involves the introduction of 1,040 electric buses under the National Electric Bus Programme (NEBP), a Central scheme aimed at boosting zero-emission public transit. The remaining 1,040 will be added under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which targets 14,000 electric buses across nine major cities. Officials stated that memoranda o..