Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.
Mumbai, April 1: The Maharashtra Housing and Area Development Authority (MHADA) has officially commenced the registration process for its highly anticipated Mumbai Board Lottery 2026. This year, the authority is offering 2,640 apartments across various prime and developing locations in the city. Aimed at providing affordable housing to different income strata, the lottery remains a critical gateway for middle- and lower-income residents seeking homeownership in an increasingly expensive real estate market. The 2,640 units are distributed among several categories, including the Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and High Income Group (HIG). Key areas featured in this year's draw include Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, and Dadar. Mumbai MHADA Lottery 2026 Registration: Apply for 2,640 Affordable Homes at housing.mhada.gov.in. The flats range from 1RK (Room Kitchen) units for EWS applicants to spacious 2BHK and 3BHK apartments for the HIG category. Notably, a significant portion of the inventory is located in Goregaon's Pahadi area, which has seen substantial infrastructure development in recent months. To ensure the housing reaches the intended demographic, MHADA has strictly defined the annual family income limits for each category: Applicants must be at least 18 years old and must possess a valid Domicile Certificate proving residency in Maharashtra for at least 15 continuous years. Additionally, the applicant or their spouse must not already own a residential property within the municipal limits of Mumbai. The application process is entirely digital, conducted through the integrated MHADA Housing Lottery System (IHLMS). The online application window is currently active and will remain open until the end of the month. According to the official notification, the final list of accepted applications will be published roughly ten days before the lucky draw. While the tentative date for the draw is set for the second week of next month, MHADA officials have noted that exact timings will be confirmed following the completion of technical scrutiny. MHADA Lottery 2026: Pune Board Announces Lucky Draw Result for 4,186 Flats, How To Check Winner Names. MHADA lotteries are a cornerstone of the state government's urban development strategy. By providing homes at rates significantly lower than the prevailing market prices, the authority aims to mitigate the housing shortage in the metropolis. For many residents, these draws represent the only viable opportunity to secure a permanent residence within Mumbai city limits without the burden of high-interest private developer premiums.
Mumbai, Jul 17 (PTI) The Maharashtra government is committed to bringing back Marathi speaking families who were forced to leave Mumbai due to lack of affordable housing, Deputy Chief Minister Eknath Shinde said on Thursday. Replying to a debate under Rule 293 in the assembly, Shinde said the Mahayuti government is undertaking a major urban transformation of Mumbai that will bring "historic changes" in the lives of its residents. The state government has drafted a new housing policy to construct 35 lakh affordable homes with an investment of Rs 70,000 crore. The homes will be environmentally ...Read More >
India's outlook remains robust. The country recorded 8 per cent steel demand growth in 2024 and is expected to grow more than 7 per cent in 2025. India is expected to emerge as a major growth centre for global steel demand over the coming decades, even as China's dominance wanes. China, which accounted for 49 per cent of world steel consumption in 2024, is projected to see demand fall by an average of five to seven million tonnes (Mt) annually over the next decade. China's share of global demand is forecast to fall sharply to 31 per cent by 2050. India, by contrast, is expected to nearly tri ...Read More >
New Delhi: With the RBI choosing to keep the repo rate steady at 5.5 percent, there's a mix of relief and realism across industries. For homebuyers, it means no change in EMIs is a kind of welcome sign, especially during the festive season. But real estate experts caution that this alone won't solve deeper affordability issues. On the other hand exporters, particularly small engineering firms are feeling the squeeze from global trade tensions and are calling for more support. From cement GST cuts to calls for cheaper export finance, here's how industry voices are reacting to the RBI's latest m ...Read More >
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and potentially lower interest rates further bolster the outlook. The Indian property sector has been a ...Read More >
Mumbai, April 2: Cracking the whip on delays in the long-stalled Siddharth Nagar (Patra Chawl) redevelopment, the Bombay High Court on Thursday made it clear that pending disputes cannot come in the way of flat handover. The court has directed residents to take possession of their rehabilitation tenements while clarifying that key issues are resolved separately by authorities. Court hears plea on stalled redevelopment A bench of Justices Girish Kulkarni and Aarti Sathe was hearing a petition filed by the Goregaon Siddharth Nagar Sahakari Griha Nirman Sanstha Limited regarding the redevelopm ...Read More >
MUMBAI: Even as debt and fiscal deficit rose sharply in the last two years, Maharashtra's revenue in FY25-26 fell significantly across key heads -- Goods and Services Tax (GST), excise duty, motor vehicle tax, and stamp duty and registration of properties. This led to a revenue shortfall of around ₹41,000 crore against budget estimates, slowing capital expenditure and development projects. Provisional figures at the end of the financial year put total revenue receipts at ₹5.60 lakh crore, falling short of the revised estimate of ₹6.01 lakh crore from a budget estimate of ₹5.60 lakh crore, lar ...Read More >
Mumbai: Arkade Developers Limited, a listed real estate company on the BSE and NSE, has signed a binding agreement to acquire Filmistan Pvt Ltd for around Rs 183 crore. This acquisition gives Arkade control of the iconic 4-acre Filmistan Studios land parcel located on SV Road in Goregaon West, Mumbai. The company plans to launch an ultra-luxury residential project on the site in calendar year 2026, featuring spacious 3, 4, and 5 BHK homes along with exclusive penthouses. The development will include two 50-storey high-rise towers, with a Gross Development Value (GDV) projected at Rs 3,000 cro ...Read More >
Mumbai (Maharashtra) [India], August 18: In a landmark development for Mumbai's real estate sector, CREDAI-MCHI, the apex body representing real estate developers in the Mumbai Metropolitan Region (MMR), has announced the appointment of Mr. Sukhraj Nahar, Chairman of Nahar Group, as its 18th President for the 2025-2027 term in a grand Change of Guard ceremony held at Jio World Centre. The event was graced by the Hon'ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, along with distinguished past presidents, the new management committee and various members of the association. Also Read ...Read More >
Mumbai, Oct 1 (PTI) The Mumbai police have deployed more than 16,500 constables and nearly 2,900 officers along with the personnel of various special units across the city in view of the Dussehra rallies of political parties and processions for immersion of goddess Durga idols on October 2, officials said. This year, Dussehra and Gandhi Jayanti are being celebrated on the same day. The ruling Shiv Sena led by Deputy Chief Minister Eknath Shinde will hold its annual Dussehra rally at the NESCO Centre in Goregaon although it was earlier scheduled to take place at the Azad Maidan in south Mumba ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Chennai, Jul 11 (PTI) The three terror suspects arrested by the Tamil Nadu ATS in the past few days were apprehended after months-long operations and after coordinating with police in Andhra Pradesh and Karnataka, TN DGP Shankar Jiwal said on Friday. Abubacker Siddique, Mohammed Ali and Sadiq alias Tailor Raja were arrested after nearly three decades on the run and the police were constantly pursuing them, he told a press conference here. The operations were titled 'Aram' and 'Agazhi'. Also Read | Uttar Pradesh: Man Held in Lucknow With Over 5,000 Bottles of Fake Cough Syrup Laced With NRx M ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
MUMBAI: A special court under the Prevention of Money Laundering Act (PMLA) on Monday ordered the issuance of process against builder Pravin Raut -- a close aide of Shiv Sena (UBT) MP Sanjay Raut and partner in M/s Prathamesh Developers LLP -- and Jitendra Mehta, proprietor of Mehta Developers, in the ₹1,039-crore Patra Chawl redevelopment scam. Issuance of process is a formal step by which a court summons or directs the presence of the accused, marking the commencement of criminal proceedings ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Indore, July 11 (SocialNews.XYZ) Madhya Pradesh Chief Minister Mohan Yadav inaugurated an exhibition themed "Building Cities of Tomorrow" at the Brilliant Convention Centre in Indore, as part of the 'Madhya Pradesh Growth Conclave' organised on Friday, government officials said. The exhibition showcased various urban development projects being implemented across the state, highlighting robust infrastructure, innovations, investment promotion policies, and developmental schemes, officials added. It featured the Indore Development Authority's infrastructure models, including the multi-purpose ...Read More >
Gandhinagar, July 19 (SocialNews.XYZ) Urban Development Year 2025 was celebrated in Ahmedabad on Saturday in the presence of Gujarat Chief Minister Bhupendra Patel. Various development projects were inaugurated under the Urban Development Year 2025 celebrations at a programme organised by Ahmedabad Municipal Corporation (AMC) at Tagore Hall in Paldi. Chief Minister Bhupendra Patel congratulated the Ahmedabad Municipal Corporation (AMC) and all the citizens for receiving the award of the cleanest city in the country and said that it is a matter of pride to get the first place in the country in ...Read More >
Uddhav Thackeray criticized Devendra Fadnavis as a helpless chief minister. He alleged rampant corruption under Fadnavis's watch. Thackeray also attacked the BJP for creating divisions and failing on national issues. He defended his party's Hindutva. Thackeray dismissed Ramdas Kadam's remarks. He urged the Centre to provide financial aid to Maharashtra women. Thackeray called for expanding the Shiv Sena UBT network. Shiv Sena (UBT) leader Uddhav Thackeray on Saturday dubbed Devendra Fadnavis a " ...Read More >
Navi Mumbai's real estate market -- residential or commercial -- never quite matched Mumbai's stature. Now, the Navi Mumbai International Airport may change that. Large developers are acquiring land parcels in the city for residential projects. While the office market may take longer to grow, the area has already started emerging as a data centre hub. Mint explains what could change: Conceived in the 1970s as a satellite city of the country's financial capital, Navi Mumbai has evolved into a thriving property market with planned infrastructure and affordable living options even as Mumbai con ...Read More >
Hyderabad: Undeterred by the backlash over land acquisition for his Pharma Village project in Lagacherla, Telangana Chief Minister A Revanth Reddy has unveiled plans for another ambitious project -- the "Future City." He aims to acquire 30,000 acres of land to establish a world-class urban development that he claims will rival global cities like New York, Tokyo, and Singapore. Speaking at the MAUD Vijayotsavalu on Monday, Reddy revealed that 15,000 acres of land had already been identified in Mucherla, Begarikancha, and neighboring areas. He proposed using an additional 15,000 acres of forest ...Read More >
Hyderabad: Bharat Rashtra Samithi (BRS) MLC K. Kavitha has accused the state government of using the Musi Riverfront Development Project to displace thousands of families for the benefit of real estate developers. Speaking to the media on Wednesday, Kavitha slammed the Congress-led government, alleging a lack of transparency, mounting debts, and no clear compensation plan for those affected by the project. Kavitha's remarks come after Chief Minister A. Revanth Reddy reportedly appealed to the BJP government at the Centre for an additional Rs 14,100 crore. Kavitha described the project as one ...Read More >
Gurgaon: As the Union Budget 2025-26 approaches, affordable housing remains a critical expectation for the real estate sector. Once a flourishing segment, affordable housing -- homes priced under Rs 40 lakh -- faced a sharp downturn in recent years. According to industry data, the share of affordable housing in total sales dropped to 18% in 2024 from 38% in 2019. Similarly, its share in the total housing supply across the top seven cities declined from nearly 40% in 2019 to just 16% in 2024. This steep fall highlights the urgent need for interventions to revive the segment, which struggled ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, the lowest level in three years. This marks the third consecutive rate cut in 2025, bringing the cumulative reduction to 100 basis points since February. Alongside the rate cut, the central bank also reduced the cash reserve ratio (CRR) by 100 bps, unlocking ₹2.5 lakh crore worth of liquidity in the system. Sanjay Malhotra, governor, RBI said the monetary policy committee (MPC) took the decision after a comprehensive review of macroeconomic indicators and financial developments. The central ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a testament to Prime Minister Modi's development model. Addressing a press conference here on Tuesday, P ...Read More >
Agartala (Tripura) [India], July 12 (ANI): In a significant step towards sustainable urban development, the Agartala Municipal Corporation (AMC) has unveiled a comprehensive new master plan named Greater Agartala, aimed at guiding the capital city growth over the next two decades. Speaking to ANI, Agartala Mayor Dipak Majumder said the new plan was crucial to address the city rapid expansion and to ensure organised development going forward. Agartala has never had a formal master plan, which is why much of the city previous development was unplanned. Greater Agartala aims to correct that cou ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
New Delhi, Jul 14 (PTI) Arisinfra Solutions Ltd, which supplies materials and services for the construction and real estate sectors, has posted a consolidated net loss of Rs 1.36 crore in the fourth quarter of the last fiscal. The company, which got listed recently on stock exchanges, has posted a net loss of Rs 19.94 crore in the year-ago period. Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthusiasts. Total income, however, rose to Rs 224.21 crore in the fourth quarter of the last fiscal from 207.55 crore in the corresponding period of the pre ...Read More >
Sydney's wettest August in 27 years has tipped the city's recent climate into uncharted territory. Analysing the complete weather history at Observatory Hill dating back to 1858 reveals rainfall during the past six years has been the highest on record. Since January 2020, the city has collected more than 9,300 millimetres -- beating the old record of 9,120mm from 1985 to 1990. Considering heavy rain will continue this week and more than four months remain in 2025, the record total will surge e ...Read More >
BENGALURU, Sept 10 (Reuters) - Australia's home prices will rise around 5-6% over the next two years as lower borrowing costs provide a fillip to home sales, although affordability pressures may cap gains, according to a Reuters poll of property analysts. While a 5% rise pales in comparison with past booms, any sustained growth in house prices will make it harder for first-time buyers to get a foothold in Australia's already expensive housing market - the median home price is nearly eight times ...Read More >
India's real estate sector is poised for robust growth in 2026, driven by strong domestic consumption and sustained investor confidence. The market is expanding across commercial, residential, and industrial segments, with alternative asset classes like data centers and co-living attracting significant institutional interest. Evolving workplace strategies and infrastructure development are key growth drivers. India's real estate sector is set to enter 2026 with renewed momentum, supported by res ...Read More >