06 Apr 2026

A recent CAG report has highlighted a major gap in the transfer of cess collections by the central government, amounting to INR 3.69 lakh crore up to FY 2023-24. The issue was raised in the Rajya Sabha by an RJD MP, who pointed to delays and discrepancies spanning decades. Several funds, including those linked to health, education, highways, and investor protection, have seen shortfalls. The MP also questioned inconsistencies between official claims and government accounts, calling for transparency and corrective action to ensure cess funds are used for their intended development purposes.Read more

Hyderabad News Desk

06 Apr 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has cleared encroachments from an 8.24-acre lake in Manchirevula, Gandipet, as part of an ongoing enforcement drive across Hyderabad's urban region. The operation involved removal of illegal structures erected by private entities, including boundary walls and temporary constructions on the lake bed. Parallel actions were undertaken in Bowrampet, Avushapur, and Jubilee Hills, targeting encroachments on roads, park land, and stormwater drains. The agency's actions follow complaints and field inspections, with a focus on restoring water bodies and public land. The drive forms part of broader efforts to address urban encroachments affecting drainage systems, infrastructure, and land use compliance in the city.Read more

Pune News Desk

06 Apr 2026

The Pune Municipal Corporation (PMC) has reported a revenue shortfall of nearly INR 3,400 crore for the financial year ending recently, having collected around INR 9,200 crore against a target of INR 12,600 crore. The deficit has been largely attributed to lower-than-expected income from building permissions and weak property tax recovery, particularly in newly merged areas. While the number of taxpayers increased, collections did not keep pace, with a significant portion of revenue coming through an amnesty scheme. Civic officials cited legal complications in land measurement and delays in project approvals as key constraints, while activists raised concerns over the administration's reliance on periodic relief schemes instead of sustained enforcement.Read more

Bangalore News Desk

06 Apr 2026

The Bangalore Development Authority (BDA) has announced six new residential projects comprising 4,251 flats across multiple locations in Bengaluru, with a total investment of around INR 3,200 crore. The projects, currently under construction, span areas such as Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, and include 1BHK to 4BHK units. The initiative reflects a shift towards vertical housing in response to land constraints and rising population pressures. The authority has also introduced an online allotment system to improve transparency. Previous housing schemes have seen over 13,000 flats completed, with more than 10,000 already allotted, indicating continued public participation in state-led housing delivery.Read more

06 Apr 2026

The Finance Minister highlighted that under the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, the Committee of Creditors (CoC) in real estate insolvency cases can invite land authorities to provide inputs on land and regulatory matters. The law also sets stricter timelines for case admission and resolution plan approvals before tribunals. Of the 565 cases admitted so far, 111 affecting roughly 162,320 homebuyers have been resolved. Another 210 cases are under resolution, with 87 plans awaiting tribunal approval, while some cases are in liquidation or withdrawn.Read more

05 Apr 2026

The Association of Senior Living India (ASLI) has appointed Rajagopal G as its chairman for the 2026-2028 term, succeeding Rajit Mehta. A co-founder and group CEO of Lifebridge Group, Rajagopal brings over three decades of experience in senior living and geriatric care. His appointment comes at a time when India's senior housing and care segment is expanding in response to demographic shifts. ASLI, established in 2011, represents a broad ecosystem of developers, healthcare providers, and service operators, and plays a role in policy advocacy and standardisation. The leadership transition is expected to focus on strengthening regulatory frameworks, improving care standards, and supporting the growth of the senior living sector within India's evolving real estate and healthcare landscape.Read more

05 Apr 2026

UK-based construction materials supplier BRCK Group has rejected a takeover proposal from US private equity firm Atlas Holdings, triggering a sharp rise in its share price. The non-binding offer of 65 pence per share valued the company at approximately GBP 209.4 million (around USD 276 million). BRCK's board unanimously declined the proposal, stating that it did not adequately reflect the company's value. Following the announcement, the company's shares rose by over 24%, despite remaining lower on a year-to-date basis amid broader weakness in the UK construction sector. Under takeover regulations, Atlas has until later this month to either formalise a revised offer or withdraw its interest.Read more

05 Apr 2026

Navi Mumbai Municipal Corporation (NMMC) has presented its INR 6,704.43 crore budget for the financial year 2026-27 before the general body, with provisions for civic infrastructure, public services, and urban development projects. The budget, tabled in the past week by Standing Committee Chairman Ashok Patil to Mayor Sujata Patil, includes an opening balance of INR 1,265.83 crore and projected expenditure of INR 6,689.43 crore, leaving a closing balance of INR 15 crore. The revised estimate for FY26 stands at INR 5,830.82 crore. The civic body has scheduled a general body discussion on the budget in early April, alongside transport and tree authority allocations, as part of its annual financial planning exercise.Read more

05 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has achieved its highest-ever annual property tax collection, recording INR 876 crore in the financial year ending recently. The performance surpasses all previous yearly collections since the civic body's formation and has been attributed to a structured recovery drive, digital payment systems, and an amnesty scheme implemented during the closing weeks of the financial year. Over 2.25 lakh property owners contributed to the collections, with nearly 61% opting for online payments. Nerul ward recorded the highest contribution at over INR 182 crore. The initiative reflects improved taxpayer participation, data-driven enforcement, and expanded outreach through digital communication and extended payment facilities.Read more

Gurugram News Desk

05 Apr 2026

The Municipal Corporation of Gurugram (MCG) has enforced stricter recovery measures for pending civic dues, introducing an 18% annual interest on unpaid property tax and additional surcharges on overdue water bills from the start of the new financial year. Residents were required to clear outstanding payments by the end of the previous financial cycle to avoid penalties. The move forms part of the civic body's broader strategy to strengthen revenue collection, with a property tax target of INR 325 crore for the current fiscal, marking an 18% increase over the previous year's projections. Authorities have also expanded enforcement and digital tracking measures, including artificial intelligence-led identification of defaulters.Read more