06 Apr 2026

Sohan Lal Commodity Management (SLCM), an agri-warehousing and logistics company, has initiated the process for its initial public offering by filing draft papers through Sebi's confidential route. This approach allows early regulatory feedback without public disclosure and has been increasingly used by companies seeking flexibility amid changing market conditions. SLCM operates in technology-driven agricultural storage and logistics, serving a wide range of stakeholders across India and Myanmar. The company has handled over 1,300 agricultural commodities so far, highlighting its scale and presence in the agriculture supply chain.Read more

06 Apr 2026

Property tax collections across key urban local bodies in Telangana recorded an unprecedented spike in the past week, crossing INR 100 crore in a single day. The surge was driven by intensified enforcement measures, including sealing of high-value commercial properties, issuance of notices, and targeted compliance campaigns. Revenues, which typically ranged between INR 3 crore and INR 5 crore per day, rose sharply to INR 20 crore, INR 50 crore, and eventually surpassed INR 100 crore within a few days. The collections were supported by an ongoing one-time settlement scheme aimed at clearing arrears. Cumulative collections have reached approximately INR 2,500 crore, with civic authorities expecting the upward trend to continue alongside early payment incentives for the upcoming financial cycle.Read more

Gurugram News Desk

06 Apr 2026

The Municipal Corporation of Gurugram (MCG) has recorded property tax collections exceeding INR 350 crore for the financial year ending recently, alongside INR 56 crore from water bills. The surge was driven by last-day payments, extended working hours at civic centres, and improved digital and offline payment systems. Officials facilitated collections even on a holiday, witnessing high taxpayer participation. For the upcoming financial year, the civic body has set a property tax revenue target of around INR 325 crore, reflecting an increase over earlier projections. Authorities have also introduced stricter enforcement measures, including an 18% annual interest on unpaid dues, and are leveraging technology such as artificial intelligence to identify defaulters and improve compliance.Read more

06 Apr 2026

Delhi's property tax collections surged by 46 per cent in FY26, reaching INR 3,116.62 crore, driven by better compliance, enforcement, and the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme. The number of taxpayers increased by nearly 20 per cent, while first-time contributors under SUNIYO added INR 448.89 crore. Use of third-party data helped map over 48,000 previously unassessed properties, generating additional revenue. Collections from residential and non-residential properties under the amnesty scheme totaled INR 1,236.03 crore, indicating a broader tax base and improved civic revenue mobilisation.Read more

Noida News Desk

05 Apr 2026

Noida's stamp and registration department has reported its highest revenue in a decade, collecting approximately INR 4,498.7 crore in the financial year ending recently, achieving 87% of its INR 5,180 crore target. The increase was supported by a series of state government incentives, including stamp duty rebates for women, reduced charges on rental agreements, and concessional rates for intra-family property transfers. However, total property registrations declined to around 1.6 lakh units from 1.7 lakh in the previous year. The data indicates a divergence between revenue growth and transaction volumes, with a higher share of registrations occurring under concessional categories and larger-value properties contributing to overall collections.Read more

05 Apr 2026

Ranchi Municipal Corporation has recorded its highest-ever tax collection of about INR 108 crore, showing a steady rise in revenue performance. The growth has been driven by better compliance, digital payment systems, and stricter recovery from defaulters. Collections came from holding tax, water charges, and trade licence fees. Over the past few years, the civic body has focused on improving its financial systems and expanding the tax base. The higher revenue is expected to support infrastructure works and improve delivery of basic civic services across the city.Read more

Mumbai News Desk

05 Apr 2026

Mumbai's civic body reported its highest-ever property tax collection for FY 2025-26, reaching INR 7,610.9 crore and surpassing its revised target. Andheri East's K-East ward emerged as the top contributor, followed by key commercial and residential hubs like Lower Parel and Andheri West. Western suburbs continued to dominate collections, while a strong push in enforcement, digital payments, and recovery drives supported the overall performance. A significant share also came from penalties and last-day payments, showing improved compliance but also dependence on delayed settlements.Read more

05 Apr 2026

The Belagavi City Corporation has increased property tax rates for the current financial year, with a 3% rise for residential properties and 4% for commercial, industrial units and vacant plots. The move is expected to generate an additional INR 2-3 crore, taking total collections beyond INR 100 crore. A 5% rebate continues for early payments to encourage timely compliance. The revision comes amid ongoing issues such as unassessed properties, tax leakages estimated at INR 8-10 crore, and pending dues, highlighting the need for better enforcement and improved assessment systems.Read more

Indore News Desk

04 Apr 2026

Property rates in Indore have been revised under new collector guideline values for the financial year commencing recently, with increases implemented across 2,624 of the district's 4,590 surveyed locations. The revision translates to an average rise of around 26%, with significant adjustments in key urban and peri-urban corridors such as Vijay Nagar, Dewas Naka, and the Super Corridor. The updated rates are aimed at aligning government-notified values with prevailing market prices and supporting land acquisition in infrastructure-linked areas. Despite a rise in stamp duty revenue to approximately INR 2,716 crore in the previous financial year, property registrations declined marginally, indicating a divergence between value growth and transaction volumes.Read more

04 Apr 2026

77Pillar has expanded its real estate technology platform to Dholera, Gujarat, marking its entry into a greenfield smart city within the Delhi-Mumbai Industrial Corridor (DMIC). The company, which operates across more than 15 cities including Delhi NCR, Gurugram, Noida, Jaipur, and Ahmedabad, aims to strengthen its presence in emerging investment destinations alongside established urban markets. Dholera is witnessing growing interest from developers, investors, and businesses due to planned infrastructure, large land availability, and government-backed initiatives. Through this expansion, 77Pillar intends to facilitate project visibility, enable access to commercial and land opportunities, and connect stakeholders to a broader buyer and investor base.Read more