Mumbai News Desk

01 Apr 2026

The Maharashtra Housing and Area Development Authority (MHADA) has opened applications for 2,640 residential units across Mumbai under its 2026 lottery scheme, targeting multiple income groups from economically weaker sections to high-income households. The application process commenced in the past week and will remain open until late April, with the final draw scheduled for mid-May. The housing stock spans key locations including Vikhroli, Goregaon, Borivali, Wadala, Powai, and Dadar. Prices range from approximately INR 2.9 million to over INR 68.2 million, reflecting a wide affordability spectrum. The scheme includes under-construction units, inventory received from private developers, and scattered housing stock, reinforcing the state's effort to expand access to formal housing in Mumbai.Read more

01 Apr 2026

The Delhi Development Authority received strong initial demand for its latest housing scheme, with over 700 flats booked within two days, mainly in Narela. The response was driven by relatively lower prices, ready-to-move-in units, and trust in government-backed housing. The scheme continues to attract first-time buyers and budget-focused families. However, connectivity and distance from central Delhi remain key concerns. The trend also reflects DDA's ongoing efforts to clear inventory and improve housing uptake across emerging residential areas.Read more

01 Apr 2026

Property Share Investment Trust has announced the launch of an initial public offering (IPO) for PropShare Celestia, valued at INR 244.65 crore, with subscriptions opening in the coming days. The issue, priced between INR 10 lakh and INR 10.50 lakh per unit, will fund the acquisition of seven floors in a Grade A+ commercial building in Ahmedabad. The asset, located in Nehru Nagar, spans over 2 lakh sq ft and is fully leased to a mix of managed office operators and a multinational tenant. The offering represents the trust's third SM REIT product, reflecting the gradual expansion of fractional institutional ownership structures in India's commercial real estate market.Read more

01 Apr 2026

IndiQube Spaces Ltd has leased over 48,000 sq ft of managed office space in Bengaluru to a healthcare technology firm for establishing a global capability centre (GCC), with the transaction valued at around INR 75 crore over five years. The deal reflects continued demand from multinational occupiers for flexible and managed workspaces in key IT markets. IndiQube, which operates across 17 cities with a portfolio exceeding 9.5 million sq ft, provides co-working and managed office solutions to corporate clients. The transaction highlights the role of flexible workspace operators in facilitating large-format office requirements for GCCs in India's commercial real estate sector.Read more

01 Apr 2026

Haveus Aerotech has signed an MoU with the Karnataka government to set up an ATR aircraft maintenance, repair and overhaul (MRO) facility with an investment of INR 450 crore. The project will be developed over five years and is expected to create around 100 jobs. The facility will handle key aircraft components such as radomes, nacelles, landing gear and auxiliary power units. The state government will support approvals and incentives. The move comes as India continues efforts to strengthen domestic MRO capacity and reduce dependence on overseas maintenance services.Read more

01 Apr 2026

Rentomojo has filed draft papers with SEBI to raise INR 150 crore through a fresh issue, along with an offer for sale by existing investors. The company plans to use the proceeds mainly for debt repayment, warehouse-related expenses, and general corporate needs. It operates in 22 cities with a large subscriber base and holds a strong share in the organised rental market. The IPO also allows early investors to partially exit. The company has shown steady revenue growth and improved profitability ahead of its planned listing.Read more

Bangalore News Desk

01 Apr 2026

Property tax collections in Bengaluru have recorded a significant shortfall of around INR 2,652 crore against a target of INR 6,700 crore for the current financial year, with total realisation standing at approximately INR 4,047.7 crore. The gap persists despite stepped-up enforcement actions, including property attachments and auction proceedings. The shortfall reflects ongoing compliance challenges across the city's tax base of over 21 lakh properties. While some zones such as South and East Bengaluru have performed relatively better, others, particularly North Bengaluru, continue to lag. The newly formed Greater Bengaluru Authority (GBA) and its five corporations are expected to take direct responsibility for revenue mobilisation going forward, highlighting the critical role of property tax in sustaining urban infrastructure and municipal finances.Read more

01 Apr 2026

National Bank for Agriculture and Rural Development has released its State Focus Paper (SFP) for Arunachal Pradesh for 2026-27, projecting a total priority-sector credit potential of INR 3,723.49 crore. The document outlines sector-wise estimates covering agriculture, MSMEs, and other segments including housing and infrastructure. Of the total, INR 1,071.17 crore has been earmarked for agriculture and allied activities, while MSMEs account for INR 2,519.42 crore. The remaining INR 132.90 crore is allocated to sectors such as housing, renewable energy and social infrastructure. The report highlights the need for coordinated investment and financial inclusion to support balanced regional growth and improved access to credit in the state.Read more

31 Mar 2026

The Chandigarh administration is assessing whether to adopt a land pooling model or proceed with outright land acquisition for developing nearly 1,500 acres across 22 peripheral villages. While land pooling has been advocated by farmers as a participatory approach, officials have identified planning constraints under the Chandigarh Master Plan-2031 and challenges in assembling contiguous land parcels. Internal estimates indicate that outright acquisition could generate significantly higher revenues, with potential earnings of around INR 66,000 crore after development and auctions. In contrast, land pooling could reduce auctionable land and result in revenue shortfalls of up to INR 28,500 crore. The proposal remains under evaluation amid competing priorities of fiscal considerations, urban planning compliance and stakeholder expectations.Read more

Visakhapatnam News Desk

31 Mar 2026

The Greater Visakhapatnam Municipal Corporation has recorded property tax collections exceeding INR 510 crore for the ongoing financial year, surpassing the previous year's total of INR 500 crore with days remaining in the fiscal cycle. The civic body is aiming to reach INR 600 crore by the end of the month, supported by a state government initiative offering a 50% interest waiver on pending dues. Collection efforts have been driven by recovery of arrears, vacant land tax assessments and payments from large private entities. The milestone highlights improved revenue mobilisation by the municipal authority, which is responsible for urban governance and infrastructure services in Visakhapatnam.Read more