04 Mar 2026

Rajasthan Housing Board (RHB) has recorded revenue exceeding INR 1,000 crore in the financial year 2025-26, more than three times its previous year's earnings, mainly driven by commercial auctions and better asset monetisation. The board plans new residential housing projects across Jaisalmer, Jodhpur, Alwar, Kotputli, Bhiwadi, Khori Kalan, Shahjahanpur and parts of the NCR belt, including Pushkar. Initiatives also focus on improving infrastructure, managing unsold inventory, and maintaining affordability. RHB continues to prioritise EWS and LIG segments while exploring partnerships and institutional reforms to strengthen asset protection.Read more

Bangalore News Desk

04 Mar 2026

The Greater Bengaluru Authority identified around 50 properties in Bommanahalli with unpaid property taxes totaling nearly INR 1.1 crore. Ahead of a scheduled auction to recover dues, 14 defaulters paid over INR 27 lakh through challan and online methods, preventing their properties from being auctioned. Despite this, no bids were received for the remaining 36 properties during the auction. Civic authorities now plan a re-auction to recover the pending dues. The move is part of the city's broader efforts to enforce tax compliance and strengthen municipal revenue collection.Read more

04 Mar 2026

The Pimpri-Chinchwad Municipal Corporation (PCMC) has launched a property tax amnesty scheme to help defaulters settle outstanding dues before the end of the 2025-26 fiscal year. Under the scheme, property owners paying their full dues in March can avail a 90 % waiver on accumulated penalties. Around 2.12 lakh property owners owe a total of INR 1,394 crore, including INR 467 crore in penalties. The programme covers residential, commercial, industrial, and open plots. Officials have warned that after the deadline, standard penalties and enforcement actions will resume for defaulters who do not participate.Read more

04 Mar 2026

Haryana's 2026-27 budget, presented by Chief Minister Nayab Singh Saini, totals INR 2.23 lakh crore, reflecting a 10.28 per cent rise over the previous fiscal's revised allocation. The budget incorporates 5,000 suggestions and focuses on capital expenditure of INR 28,205 crore. Key initiatives include the World Bank-backed Haryana Clean Air Project, the proposed Haryana Agri Discom to provide uninterrupted electricity to over 7 lakh farm consumers, and the Haryana Green Climate Resilience Fund with INR 100 crore for sustainable energy, climate resilience, and green infrastructure development across the state.Read more

04 Mar 2026

NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is set to launch its maiden Initial Public Offering (IPO) worth INR 6,000 crore, marking a significant step in expanding public participation in India's national highway monetisation programme. The IPO will open on March 11 and close on March 13, with anchor investor bidding scheduled for March 10. According to the Red Herring Prospectus, the issue size has been increased from the earlier proposed INR 5,700 crore to INR 6,000 crore. The public InvIT aims to unlock long-term value from operational national highway assets while offering a stable investment avenue for retail and domestic investors. The move aligns with the government's broader infrastructure financing and asset monetisation strategy.Read more

04 Mar 2026

The Municipal Corporation of Delhi (MCD) has recovered INR 11.69 crore in pending property tax from a hotel located in Paschim Vihar, west Delhi, after initiating enforcement proceedings. The property was under liquidation when the civic body issued a demand notice for unpaid dues. The hotel management later cleared the outstanding amount under MCD's Sumpattikar Niptaan Yojana (SUNIYO), which allows waiver of interest and penalties on arrears before FY 2020-21 if specified conditions are met. The amnesty window recently closed after being extended until February 28.Read more

04 Mar 2026

Mindspace Business Parks REIT is set to raise INR 5.60 billion through a three-year bond issue, with a coupon of 6.96% payable quarterly, according to bankers aware of the development. The issue has been assigned an AAA rating by Crisil, indicating strong credit quality. The company invited commitment bids from investors and bankers, with bidding scheduled for March 4. The fundraising comes amid steady debt market activity in early March, as issuers tap institutional appetite for high-rated corporate bonds.Read more

04 Mar 2026

Brookfield Asset Management's newly formed AI infrastructure company Radiant has been valued at USD 1.3 billion following its merger with London-based cloud computing firm Ori Industries. The deal, announced in the past week, did not disclose financial terms, but sources confirmed that all of Ori's existing investors rolled their stakes into Radiant, alongside fresh capital from Brookfield. The move comes amid rising demand for AI computing capacity and forms part of Brookfield's larger USD 10 billion AI infrastructure fund, which also includes commitments linked to power and chip partnerships.Read more

03 Mar 2026

Mangaluru City Corporation (MCC) has stepped up efforts to improve property tax collection by launching a focused recovery drive across all 60 wards. The initiative targets pending dues and aims to widen the tax base through a ward-level property survey. Officials confirmed that property tax under the Self-Assessment Scheme has been increased by 3% for the current financial year in line with government norms. With over 2.20 lakh properties under its jurisdiction, the civic body is urging owners to clear arrears promptly to support city infrastructure and essential services.Read more

Hyderabad News Desk

03 Mar 2026

The Executive Centre India has leased more than 2 lakh sq ft of office space at Avance Business Hub in Hyderabad's HITEC City from Phoenix Infocity Private Limited. The five-year lease involves a monthly rent of about INR 2.24 crore at a starting rate of INR 110 per sq ft, with annual escalations. The deal includes a six-month rent-free fit-out period, a security deposit and 204 parking spaces. The transaction reflects sustained demand for premium managed office space in Hyderabad's leading IT corridor.Read more