24 Feb 2026

Balgopal Commercial Ltd has approved the purchase of a land parcel in Kolkata for INR 6.5 million, according to a recent regulatory update. The decision was cleared by the company's board and disclosed to stock exchanges in the past week. While specific details such as the size and exact location of the land were not disclosed, the acquisition signals the company's continued interest in expanding its asset base. The development comes at a time when real estate activity in Kolkata is witnessing steady traction across both residential and mixed-use segments.Read more

Pune News Desk

24 Feb 2026

The Pune Municipal Corporation general body has unanimously rejected a proposal to raise property tax by five per cent for the upcoming financial year, choosing instead to retain existing tax rates. The move was backed by councillors across party lines who expressed concern about imposing additional financial burdens on city residents and emphasised the need to improve tax collection efficiency and bring more properties into the tax net rather than increasing rates. Meanwhile, the Pimpri Chinchwad Municipal Corporation is also expected to maintain the status quo on property tax, as procedural and legal requirements including the constitution of a standing committee needed to approve any hike have not been fulfilled, effectively stalling proposals for revised levies. Critics and civic leaders have urged administrative reforms to strengthen revenue performance without raising tax rates.Read more

24 Feb 2026

The Andhra Pradesh Legislative Assembly has passed a bill reducing the vacant land tax to 50 per cent of the fixed tax value for plots that are actively under construction, aiming to incentivise timely development and curb land banking. The amendment, which received assent from the assembly earlier this week, applies to vacant plots where construction has commenced within the statutory period and infrastructure facilities are being developed. Members acknowledged that high vacant land levies had been discouraging early starts or continued construction, particularly in residential and commercial property sectors. The reduced levy is expected to support developers and individual plot owners by easing holding costs and encouraging efficient project delivery. The state government said detailed rules for implementation will be notified soon.Read more

Pune News Desk

24 Feb 2026

Intercontinental Exchange has significantly expanded its footprint in India through a long-term lease of nearly 2 lakh sq ft of office space in Pune's Magarpatta Cybercity, signalling confidence in the city as a strategic hub for global capability centres (GCCs). The space spans nine floors in Tower S3 and will serve as a Global Capability Centre for ICE Mortgage Technology India, supporting product engineering, technology operations and back-end services for its global platforms. The lease includes a monthly rental of INR 1.73 crore with periodic escalation clauses and underscores the broader trend of multinational firms choosing Pune for scalable, large-format office campuses. The move reinforces Pune's growing stature among India's leading cities for corporate office demand and technology-led real estate growth.Read more

Pune News Desk

24 Feb 2026

Pune's real estate market opened the year with a moderation in recorded transactions, as property registrations in January 2026 declined by 17 per cent on a year-on-year basis, according to a market report by Knight Frank India. Data compiled from the Inspector General of Registration and Controller of Stamps, Maharashtra showed that 14,527 properties were registered in the district during the month, compared with 17,449 in the same month last year. Stamp duty collections weakened by 5 per cent, totaling around INR 609 crore, suggesting that while fewer transactions were recorded overall, higher-value deals helped sustain revenue intake more robustly than volumes. Market observers noted that the slower registration pace follows a high base in early 2025, and that the relatively smaller dip in revenue points to continued traction in mid-to-premium segments. The trend suggests a market recalibration rather than a sharp contraction in demand.Read more

23 Feb 2026

Reliance Industries and Jio plan to invest USD 110 billion (around INR 10 trillion) over seven years to develop artificial intelligence infrastructure across India. The move aims to create domestic AI compute capacity, reduce costs, and expand AI services nationwide. Construction of multi-gigawatt data centers has started in Jamnagar, with the first 120-megawatt phase expected later this year. The project will use renewable energy, integrate with Jio's network, and establish edge computing for low-latency AI applications. This positions India to compete in global AI and technology development.Read more

23 Feb 2026

Growth in India's eight core infrastructure sectors moderated to 4% in January, reflecting a slowdown compared with both the same month last year and the preceding month, according to official data released earlier this week. The pace of expansion had stood at 5.1% in January of the previous year and 4.7% in December. The latest data shows that crude oil and natural gas production recorded negative growth during the month, weighing on overall performance. Cumulative growth for the April-January period of the current financial year also remained lower than last year, highlighting sustained pressure on key industrial segments. The eight core sectors, which account for a significant share of the Index of Industrial Production, are widely tracked as a barometer of broader economic and infrastructure activity.Read more

23 Feb 2026

KIAASA Retail Limited has set a price band of INR 121-127 per share for its INR 69.7 crore IPO, which opens on February 23 and closes on February 25, 2026. The issue is entirely a fresh offer, with up to INR 46.44 crore earmarked for opening new stores and the balance for general corporate purposes. Operating in the women's ethnic wear segment, KIAASA offers apparel, footwear and accessories through 124 exclusive outlets across 70 cities and an online platform. The company reported revenue of INR 120 crore and net profit of INR 8.3 crore in FY25, reflecting steady growth in India's organised fashion retail market.Read more

22 Feb 2026

South Delhi's independent luxury floor market witnessed sharp price appreciation of up to 34% year-on-year in 2025, according to a report by Golden Growth Fund (GGF), a Category-II real estate-focused Alternative Investment Fund. Prices in Category A colonies rose between 25-34%, while Category B colonies recorded gains of 22-26%. A 2,500 sq. ft. floor in Category A colonies increased from INR 10-19 crore in 2024 to INR 14-25 crore in 2025, while a 3,200 sq. ft. floor in Category B colonies saw a 22% jump in average prices. The surge is being driven by low supply, strong demand from affluent buyers, and increased redevelopment activity. Improved utilisation of permissible FSI and preference for low-density, secure living continue to support sustained pricing momentum across South Delhi's premium micro-markets.Read more

Noida News Desk

21 Feb 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has realised approximately INR 389 crore through the e-auction of 14 plots in close proximity to Noida International Airport in Jewar, officials said on Monday. The plots, spanning prime locations in the airport hinterland, attracted competitive bidding and were sold to developers and investors seeking to capitalise on rising demand for commercial and industrial land near the upcoming aviation hub. Auctioned land parcels ranged in size and strategic connectivity, offering potential for mixed-use, logistics, retail and other real estate developments. YEIDA said that the proceeds from the auction will support infrastructure and development activities within its jurisdiction. The success of the sale reflects sustained interest in land near Noida International Airport, which is expected to drive economic growth and urbanisation in the surrounding region.Read more