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By Manu Vardhan Kannan
Published on May 15, 2026
The Confederation of Real Estate Developers' Associations of India (CREDAI) has announced that the 23rd edition of its flagship convention, NATCON 2026, will now be held in India instead of Amsterdam. The move comes in response to Hon'ble Prime Minister Shri Narendra Modi’s recent appeal encouraging industries and citizens to place national interest at the forefront amid the evolving geopolitical situation in West Asia.
The Prime Minister had called for reducing non-essential foreign travel, conserving fuel and foreign exchange, and encouraging domestic spending. In line with this vision, CREDAI said the decision reflects a sense of national solidarity and a commitment towards the country's priorities during an important period.
The organisation stated that at a time when India is progressing with growing confidence and a stronger sense of national pride, key industry bodies also have a responsibility to contribute towards the nation’s larger goals. Details regarding the Indian host destination and updated programme schedule for NATCON 2026 will be announced in the coming weeks.
The move also reflects CREDAI’s support for the Hon'ble Prime Minister's "Nation First" vision and its intent to contribute towards India’s economic resilience. By hosting one of the country's biggest real estate conventions within India, the organisation aims to ensure that the economic and tourism benefits generated through the event directly support domestic sectors including hospitality, local businesses, and allied industries.
NATCON is CREDAI’s annual flagship convention and attracts more than 1,000 developers, investors, policymakers, architects, consultants, and industry leaders from across India. Traditionally organised at international destinations, the convention serves as a key platform for discussions around urban infrastructure, construction technologies, smart cities, sustainable development, and the future of India's real estate sector.
This year’s decision is also expected to support domestic tourism and create new opportunities for India’s hospitality and events industries, while showcasing the country's growing infrastructure and urban development landscape.
Commenting on the decision, Mr. Shekhar Patel, President, CREDAI, said, "At a time when the Hon'ble Prime Minister has called upon citizens and industries to act responsibly and prioritise national interest amid the evolving geopolitical situation, CREDAI believes it is important for the real estate sector, as one of the country's largest employment-generating industries, to align with this vision and demonstrate collective responsibility during this important time for the nation. While preparations for NATCON had been underway for over six months and the industry was fully prepared to travel to Amsterdam this August, CREDAI felt it was important to take cognisance of the Hon'ble Prime Minister's appeal and the prevailing national sentiment. By deciding to host NATCON in India this year, we are supporting domestic economic activity while also reinforcing our commitment to the nation's growth and economic resilience."
He further added, "The industry is currently navigating significant challenges, including rising construction costs driven by escalating prices of cement, steel, and other critical raw materials, along with persistent labour shortages impacting project execution across markets. In this environment, it becomes even more important for all sectors to collectively contribute towards strengthening the domestic economy in line with the Hon'ble Prime Minister's appeal."
As an industry closely connected with employment generation, infrastructure development, and economic progress, CREDAI reaffirmed its commitment towards supporting India’s long-term development and self-reliance goals.
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Published on November 13, 2026
Mangaluru International Airport has commenced work on expanding its integrated terminal to handle the growing number of air travellers. The project is expected to increase the airport's annual passenger handling capacity from 2.5 million to 5.2 million by the end of 2029, according to airport authorities.
The expansion will add 27,100 square metres of built-up area on the eastern side of the existing terminal, while the current 48,574-square-metre facility will also undergo modifications to accommodate the rising passenger traffic.
The airport handled a record 2.55 million passengers during the 2025-26 financial year, crossing its originally planned annual capacity of around two million passengers. Passenger traffic has increased by nearly 42% over the last three years, rising from 1.79 million in 2022-23. The airport authorities expect passenger numbers to grow at an annual compound rate of around 9%, crossing four million by 2030-31.
As part of the expansion, the airport will improve several passenger facilities, including check-in counters, security screening, immigration, baggage handling, and arrival and departure areas. These improvements are expected to make passenger movement smoother and improve the overall airport experience.
The development will also introduce a public viewing gallery, which visitors can access after security clearance. An open-air recreational area overlooking the airfield and the Gurupura River valley is also part of the plans.
In addition to the terminal expansion, a separate multifunctional building is proposed to accommodate more than 800 vehicles through a multi-level parking facility. The building will also include office spaces, passenger amenities, food and beverage outlets and recreational facilities. A dedicated pedestrian bridge connecting the building to the terminal will feature travelators and buggy services to make movement easier for passengers.
The airport authorities said the expansion is being taken up considering Mangaluru's growing importance as a commercial, industrial, educational and healthcare centre in the region, along with the increasing demand for air travel across coastal Karnataka.
Once completed, the upgraded infrastructure is expected to improve passenger processing, support airport operations and accommodate future travel demand. The terminal expansion is scheduled to be completed by the end of 2029.
By Hariharan U
Published on November 11, 2026
Palmonas has expanded its retail presence in Mumbai with the opening of a new store on Turner Road in Bandra West, bringing its jewellery collections closer to shoppers ahead of the festive season.
The new outlet arrives during a busy period for festive shopping, offering customers a convenient destination to explore jewellery for celebrations, family gatherings, gifting and everyday styling.
The store features Palmonas’ range of Demi-fine® jewellery, 9KT Gold jewellery and Fine Silver designs. With collections spanning different styles and occasions, shoppers can explore everyday accessories alongside pieces suited to festive dressing and special moments.
The opening reflects Palmonas’ continued focus on expanding its offline retail footprint across key urban markets. By establishing a presence in Bandra West, the brand aims to make its collections more accessible to customers who prefer exploring jewellery in a physical retail environment.
The festive season brings increased interest in occasion-ready accessories and gifting options. The new store adds another location for Mumbai shoppers to discover Palmonas’ offerings across its jewellery categories.
Brand: Palmonas
Address: Shop No. 3, Ground Floor, 36, Turner Road, Bandra West, Mumbai, Maharashtra 400050
Pune Gas has opened its 10th Experience Centre in Mangaluru, expanding its presence in Karnataka and bringing its commercial and industrial gas solutions closer to businesses across Dakshina Kannada and coastal Karnataka. The new facility is the company's second centre in the state, following its Bengaluru location.
The Pune Gas Mangaluru Experience Centre was inaugurated by D. Vedavyasa Kamath, Member of the Karnataka Legislative Assembly, Mangaluru City South, and S. Mukund Kamath, CMD, Ideal Ice Cream Pvt. Ltd.
The inauguration was attended by representatives from the oil and gas industry, including Sandeep Kumar Raina, LPG Territory Manager, BPCL, Mangaluru; Darshit Malviya, Manager – Sales, BPCL, Mangaluru; and Lakshmi M, CRM, HPCL. The centre will be locally managed by franchise partners Vindya Pai and Nithyanand Pai, with technical and leadership support from Pune Gas.
Mangaluru and the wider Dakshina Kannada region have a diverse business base spanning hospitality, restaurants, seafood and marine products, cashew and food processing, chemicals, petrochemicals, fertilisers and manufacturing.
Industrial areas such as Baikampady, Yeyyadi, Ganjimutt and Karnad contribute to the region's commercial and manufacturing activity. Businesses across these sectors depend on reliable energy systems for commercial kitchens, process heating and other operational requirements.
The region's seafood and cashew industries also have export potential. The Ministry of Commerce and Industry has identified these products under Dakshina Kannada's District Export Hub designation, while Karnataka Tourism highlights the Mangaluru–Udupi region's coastal cuisine and seafood traditions.
For businesses operating in these sectors, efficient LPG systems can help improve fuel utilisation, reduce wastage and manage operating expenses.
Speaking at the launch, Jesal Sampat, Executive Director and CEO, Pune Gas, said, “Improving energy efficiency is essential to helping businesses manage operating costs and enhance operational performance. Mangaluru and coastal Karnataka present an important opportunity for us to bring our engineering expertise closer to Dakshina Kannada's diverse and growing business community.”
He added that Pune Gas solutions were helping businesses save nearly ₹1,400 crore annually, according to the company's estimates, by addressing fuel inefficiencies. The new centre, he said, would make its technologies and technical expertise more accessible to businesses across the region.
Nithyanand Pai, Pune Gas Mangaluru Franchise Partner, highlighted the scale of commercial LPG consumption in Karnataka, estimating daily demand at approximately 850 metric tonnes, equivalent to around 44,000 commercial LPG cylinders. He said the franchise would focus on helping regional businesses optimise LPG consumption and reduce fuel wastage.
The new centre offers businesses an opportunity to explore Pune Gas's commercial and industrial gas systems through product demonstrations and technical guidance. Its portfolio includes:
Dry-Type LPG Vaporizer: The company's patented, Made-in-India technology converts liquid LPG into gas for commercial and industrial applications. System sizing is tailored to individual operational requirements.
LPGenius Smart LPG Systems: An integrated LPG solution designed to improve fuel utilisation and maintain consistent operations. It addresses issues such as cylinder freezing and sweating and works with LOT (Liquid Off-Take) 47.5 kg cylinders. Pune Gas states that the system can deliver 20–30% savings on LPG costs, depending on operating conditions.
FuelFusion: A dual-fuel system that enables compatible diesel generator sets to operate using diesel and LPG. According to the company, it can reduce diesel consumption by up to 70%, depending on system compatibility and operating conditions, while supporting lower-emission operations.
LeakCheck and Handheld Sniffer: Gas leak detection solutions designed to help identify potential leaks and support timely corrective action.
GasTrain Pressure Regulation Systems: Precision-engineered systems that regulate gas pressure according to equipment and process requirements, supporting controlled gas delivery.
Gas Parts and Consumables: Components for commercial and industrial LPG and natural gas infrastructure, supported by technical guidance.
Address: Vindhya Appliances, Shop No. FF 10, Lotus Atharva, Ashok Nagar, near Urwa Marigudi, Mangaluru – 575006.
With a history spanning more than 40 years, Pune Gas designs, develops and implements gas-based energy systems for commercial and industrial applications. The company operates across India and 20 international markets, serving sectors including manufacturing, healthcare and hospitality.
Its portfolio includes LPG and natural gas systems aimed at improving energy efficiency, reducing operational costs and supporting the adoption of cleaner energy solutions.
For more information, visit Pune Gas.
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