10 Apr 2026

Embassy Office Parks REIT has approved the issuance of commercial papers worth INR 1,100 crore in two tranches to refinance existing borrowings and meet working capital requirements. The decision was cleared by the debenture committee of Embassy Office Parks Management Services in the past week. The fundraising will be undertaken through two issuances of INR 650 crore and INR 450 crore, with tenures of 347 days and 342 days respectively. The issuance forms part of a broader debt programme allowing the REIT to raise up to INR 10,500 crore through multiple instruments. The commercial paper programme has received top short-term credit ratings of A1+ from CRISIL and CARE, indicating strong repayment capacity and low credit risk.Read more

10 Apr 2026

Kalaburagi district has achieved its highest-ever property tax recovery of 89.8%, reflecting a strong improvement in collection efficiency. The district saw a steady rise in revenue, reaching around INR 33.4 crore in the latest fiscal from INR 25.8 crore in the previous year. Focused administrative action, strict monitoring, and doorstep collection efforts played a key role. A large number of gram panchayats recorded full or near-full recovery. Contributions from industries also supported the overall collections, strengthening local finances despite delays in external funding.Read more

09 Apr 2026

The Reserve Bank of India has proposed changes to improve how bank boards function and to support MSMEs with easier access to financing platforms. The regulator plans to streamline board-level guidelines to allow more focus on strategy and risk oversight. It has also suggested removing due diligence requirements for MSMEs joining TReDS to improve credit access. In addition, the RBI is expanding participation in the term money market to include non-bank entities. These steps follow a broader effort to simplify regulatory and supervisory instructions and reduce compliance burden across the financial system.Read more

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has decided to auction a prime Worli land parcel with a base price of INR 455 crore, while an inquiry continues into an earlier INR 600 crore redevelopment proposal for a civic testing laboratory on the same site. The earlier tender was cancelled multiple times due to alleged irregularities and cost concerns. Under the revised plan, the selected developer can build residential or commercial projects while providing a new laboratory facility to the BMC. The move has raised concerns over eligibility criteria and timing of approvals.Read more

09 Apr 2026

The Reserve Bank of India has projected retail inflation at 4.6% for the current financial year, keeping it within the official target range. The central bank maintained the repo rate at 5.25% while highlighting growing global uncertainties, especially due to the West Asia conflict. Quarterly inflation is expected to vary between 4% and 5.2%, with risks emerging from energy prices and weather-related disruptions. While core inflation remains stable, supply-side pressures and geopolitical developments continue to pose challenges to the overall inflation outlook and economic stability.Read more

Mumbai News Desk

09 Apr 2026

Mumbai's real estate developers contributed INR 11,626 crore to the Brihanmumbai Municipal Corporation in FY26, surpassing property tax collections and becoming the civic body's largest revenue source. The growth was supported by strong redevelopment activity, higher premium payments, and increased use of floor space index across key micro-markets. Areas such as Bandra Jogeshwari and South Mumbai led collections. The trend reflects steady housing demand, rising project approvals, and the growing role of development-linked revenues in supporting municipal finances.Read more

09 Apr 2026

The Telangana State Industrial Infrastructure Corporation (TGIIC) will conduct an e-auction of over 15 acres of land in Osman Nagar on April 23. The offering includes two parcels of 10.09 acres and 5.72 acres, with a base price of INR 39 crore per acre. The land is part of a multi-use zone and is expected to attract strong interest due to its location near the Outer Ring Road and key IT hubs. The auction follows a postponed earlier plan and will help assess market demand for future phases.Read more

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