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

04 Apr 2026

India's luxury housing market is witnessing a structural shift as Tier 2 cities emerge as key demand centres, driven by locally generated wealth and end-user aspirations rather than metropolitan spillover. According to Anarock, premium and luxury homes now form a rising share of new launches across several non-metro markets, reflecting developer confidence in sustained demand. The trend is supported by enterprise-led growth, including expansion of family-run businesses, SME clusters and startup exits. Demand is largely end-user driven, with business families, next-generation buyers and returning NRIs investing in primary residences. The shift indicates a move away from investment-led buying in metros towards consumption-led, locally anchored housing demand in emerging urban centres.Read more

Delhi News Desk

04 Apr 2026

The New Delhi Municipal Council is working on a property tax reform that may reduce tax liability by 30% to 50%, especially for older and self-occupied properties. The proposed shift to the Unit Area Method aims to bring uniformity, reduce disputes, and simplify calculations. The plan also includes lowering the maximum tax rate and enabling self-assessment. While traders have welcomed the relief, they have raised concerns about implementation. The civic body expects better compliance to support revenue despite lower rates.Read more

04 Apr 2026

The Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the 2026-27 financial year, maintaining property valuation benchmarks across the state. The decision, announced by state minister Chandrashekhar Bawankule under the leadership of Chief Minister Devendra Fadnavis, comes amid global economic uncertainties and rising construction costs. RR rates directly influence stamp duty calculations and property pricing, making the move significant for both developers and homebuyers. The government's stance follows industry representations, including inputs from CREDAI, and is expected to support demand stability, maintain affordability, and prevent disruptions in transaction volumes, particularly in price-sensitive urban markets such as Mumbai and the Mumbai Metropolitan Region.Read more

03 Apr 2026

Inox Clean Energy has completed the acquisition of Vibrant Energy at an enterprise value of INR 5,000 crore, strengthening its position in India's renewable energy sector. The deal was closed within four months despite challenging global M&A conditions. Vibrant brings a diversified portfolio of 1,337 MW across multiple states and long-term power purchase agreements with leading global and domestic companies. The acquisition supports Inox Clean's strategy to expand its integrated renewable platform and move towards its target of achieving 10 GW installed independent power producer capacity by FY28.Read more

03 Apr 2026

Real estate developers in Thane have responded positively to the Maharashtra government's decision to keep ready reckoner (RR) rates unchanged. The move is expected to support market stability at a time of global economic uncertainty linked to the West Asia crisis. Industry bodies believe stable RR rates will help maintain buyer sentiment, improve transaction activity, and allow developers to plan pricing without additional cost pressure. The government had earlier considered increasing RR rates by 12-14 per cent but decided against it, keeping in mind current economic conditions and their impact on the property market.Read more

Bangalore News Desk

03 Apr 2026

Enzyme Office Spaces has expanded its commercial real estate presence in Bengaluru by leasing approximately 3.5 lakh sq ft of office space across key micro-markets including Whitefield, HSR Layout, and Hebbal. The managed workspace operator plans to develop around 5,000 seats within these centres, taking its total seating capacity in India to nearly 60,000. The newly leased portfolio is expected to generate about INR 50 crore in annual revenue. The expansion reflects sustained occupier demand for flexible and managed office solutions, particularly from startups and global capability centres. The company, which currently manages nearly 2 million sq ft across cities, has also outlined further leasing plans for the upcoming financial year.Read more