09 Apr 2026

Odisha recorded 7,037 flat registrations over the past three years, reflecting a gradual move towards formal housing transactions and improved compliance. Registrations peaked in 2024 with 4,712 units before dropping sharply to 593 in 2025 due to stricter verification and enforcement. The government linked the decline to tighter scrutiny of developers and documentation. Khurda district accounted for the majority of registrations, while several regions saw limited activity. Ongoing reforms, including digitisation of land records and enforcement of apartment laws, are expected to improve transparency and stabilise registrations going forward.Read more

Ghaziabad News Desk

08 Apr 2026

Property tax collection in Ghaziabad declined in the recent financial year, with the Ghaziabad Municipal Corporation collecting around INR 305 crore, lower than the previous year. Over one lakh property owners did not clear their dues, largely due to confusion around a proposed tax rate revision. Disagreement between civic authorities affected clarity on payable amounts, leading to delayed compliance. The drop in collections has impacted municipal revenues, which are essential for basic services. The civic body is now awaiting direction from the state government while planning steps to improve collections.Read more

08 Apr 2026

The land acquisition cost for the New Nagpur Business District project has risen beyond INR 4,000 crore, exceeding the initial estimate of INR 3,000 crore, as authorities near completion of negotiations with landowners. The project, spanning over 692 hectares in Hingna taluka near Nagpur, is being implemented by the Nagpur Metropolitan Region Development Authority (NMRDA) with NBCC (India) Ltd as consultant. Around 629.43 hectares of private land is being procured through direct purchase across Mouza Ladgaon and Mouza Godhani. Compensation terms, including higher payouts and developed plot allocations for farmers, are being finalised. The INR 11,300 crore project is planned as an International Business and Finance Centre aimed at supporting large-scale commercial development and employment generation.Read more

08 Apr 2026

Housing sales across eight major cities declined by 4 per cent year-on-year to 84,827 units in the January-March quarter, according to Knight Frank India. The drop was mainly due to rising property prices and cautious buyer sentiment influenced by global geopolitical tensions. While key markets such as Mumbai, Delhi-NCR and Pune saw a fall in demand, cities like Bengaluru, Hyderabad and Chennai recorded modest growth. New housing supply also declined slightly, indicating a broader market slowdown and growing affordability concerns after a strong multi-year growth phase.Read more

08 Apr 2026

The Competition Commission of India (CCI) has approved Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd (ABHFL) through its entity Indriya Ltd, as part of a INR 2,750 crore capital infusion approved earlier this year. Post-transaction, ABHFL is expected to be valued at around INR 19,250 crore. The regulator also cleared additional transactions, including Citrus Investment LLC's marginal stake increase in Hitachi Construction Machinery Co and Indus Infra Trust's acquisition of KNR Constructions road project SPVs. The approvals reflect continued institutional interest in housing finance and infrastructure assets, with regulatory oversight ensuring compliance for transactions exceeding prescribed thresholds.Read more

08 Apr 2026

WeWork India Management Ltd has secured more than 7 lakh sq ft of Grade A office space across Bengaluru, Hyderabad and Chennai as part of its ongoing expansion of flexible workspace offerings. The company has entered into five long-term lease agreements with multiple developers, including Embassy Office Parks and Phoenix Group Hyderabad, to establish five new centres, three of which will be located in Bengaluru. The planned facilities are expected to add approximately 12,000 desks to its portfolio, reflecting sustained demand from enterprises and high-growth firms for flexible office formats. The expansion strengthens the company's presence in southern markets and builds on its existing footprint of 73 centres covering 8.2 million sq ft across eight Indian cities as of December 2025.Read more

08 Apr 2026

Smartworks Coworking Spaces has leased 1,150 desks at its Navi Mumbai campus in Tata Intellion Park to a global digital business services and customer experience management firm, generating rental income of INR 51 crore. The client now occupies over 5,000 desks across Bengaluru, Kolkata, Hyderabad and Mumbai, with combined expected rental revenue exceeding INR 155 crore. The lease period and client name were not disclosed. Smartworks, which converts large commercial buildings into managed office campuses, operates 63 centres across 15 cities in India and Singapore, managing a total portfolio of 15.3 million sq ft. The expansion highlights growing demand for flexible, enterprise-focused office space across multiple Indian markets.Read more

08 Apr 2026

The Chandigarh Administration's Estate Office has identified around 25 government-owned properties for auction by the end of April as part of a broader plan to monetise nearly 1,000 vacant assets across the city during the current financial year. The shortlisted assets include a mix of residential, commercial and institutional sites, with most residential plots to be offered on a freehold basis. The administration is targeting revenue of INR 200-250 crore in the first quarter and over INR 1,000 crore for the full year. The move is aimed at improving utilisation of public land, ensuring legally clear titles, and introducing a structured, recurring auction mechanism through monthly e-auctions.Read more

Gurugram News Desk

08 Apr 2026

Gurugram has revised circle rates for FY27 with increases ranging between 15% and 30% in most areas, while select high-growth locations have seen hikes of up to 75%. The revision aims to align government property values with prevailing market rates and improve transparency in transactions. Around 51% of areas have seen no change, while nearly 11% recorded the highest increase. Key corridors like Dwarka Expressway witnessed sharp revisions due to strong infrastructure growth. The move is expected to increase stamp duty and registration costs for property buyers.Read more

08 Apr 2026

India's Real Estate Investment Trust (REIT) market is witnessing sustained growth, with performance indicators placing it ahead of several Asian peers, according to a recent report by ANAROCK. Released at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen, the report highlights nearly 9% five-year returns and distribution yields of 5-6%. The sector has been supported by high occupancy levels above 90% and growing leasing share, alongside regulatory backing and tax efficiency. The introduction of Small and Medium REITs is expected to unlock INR 67,000-71,000 crore in assets. With only 32% of REIT-suitable stock currently listed, the report identifies significant expansion potential across asset classes.Read more