Mumbai News Desk

13 Feb 2026

Mumbai recorded 11,219 property registrations in January 2026, marking an 8 % year-on-year decline compared with the same month last year, according to data from the Maharashtra Inspector General of Registration. Despite the fall in volume, stamp duty collections increased by about 2 % to around INR 1,012 crore, underscoring steady transaction value in the city's real estate market. On a month-on-month basis, both registrations and stamp duty receipts eased, reflecting typical seasonal moderation in early calendar year activity. Analysts said the divergence between volume and revenue suggests sustained demand for higher-value homes, particularly in mid-to-premium segments, which has helped buoy government revenue despite fewer transactions overall. The data highlights ongoing resilience in Mumbai's residential property market amid evolving buyer preferences and broader economic conditions.Read more

13 Feb 2026

The National Housing Bank (NHB) has pressed housing finance companies and banks to lower home loan interest rates to pass on reduced borrowing costs to customers, industry sources said. NHB's managing director reportedly stressed the need for lenders to adjust prime lending benchmarks following significant decreases in funding costs. However, most mortgage lenders have indicated they will delay meaningful rate cuts until their internal benchmarks are reset in April, coinciding with scheduled annual reviews. A few lenders have initiated modest reductions in prime lending rates ahead of April, but the broader transmission of lower funding costs to existing borrowers remains limited. NHB's push reflects ongoing concern that the benefits of prior policy rate cuts and lower refinance rates have not been fully passed through to home loan customers.Read more

Pune News Desk

13 Feb 2026

UBS Business Solutions India has leased an entire commercial office tower in Pune's Yerwada area under a long-term agreement valued at over INR 263 crore. The company has taken a fully managed and furnished workspace spanning about 165,290 sq ft at Tech Park One, with seating capacity for nearly 1,520 people. The lease reflects continued demand from global financial services firms for ready-to-use office spaces in Pune, particularly in well-connected micro markets such as Yerwada's Airport Road corridor.Read more

12 Feb 2026

Vivriti Asset Management (VAM), a mid-market private credit-focused Alternative Investment Fund (AIF) manager, has outlined plans to achieve a 25&30% compounded annual growth rate over the next five years, citing strong demand for specialised debt solutions. The firm, which manages nearly INR 5,000 crore in assets, intends to double its fundraising from the Kolkata market by FY27 as part of a broader push in Eastern India. With the domestic debt AIF market estimated at INR 2&2.25 lakh crore and Kolkata's market valued at around INR 15,000 crore, VAM sees significant potential among high-net-worth individuals and family offices seeking yield with lower volatility than equities. The firm is also preparing to launch a INR 3,000 crore Diversified Bond Fund-Series III in 2026.Read more

Mumbai News Desk

12 Feb 2026

MahaRERA has directed the developer of a Goregaon residential project to pay interest to two homebuyers for delayed possession and has imposed a penalty of INR 2 lakh for violating provisions of the Real Estate (Regulation and Development) Act. The authority found that possession was not offered on time despite the occupation certificate being obtained. It rejected the promoter's arguments related to pandemic-related delays and redevelopment issues, holding that buyers are entitled to statutory interest from January 2020 until actual handover of the flats.Read more

12 Feb 2026

Uttar Pradesh's Economic Survey shows a sharp expansion in the state's budget and capital spending over the past nine years, alongside improved fiscal indicators. Health and education allocations have increased, with better medical infrastructure, higher institutional deliveries and expanded medical colleges. Tourism arrivals have grown significantly, while agriculture output and value addition have also improved. The survey highlights steady employment in food processing and agriculture, supported by controlled debt levels and a balanced fiscal position, reflecting sustained public spending across key sectors.Read more

12 Feb 2026

Maharashtra has secured a higher allocation under the Union Budget, with INR 89,855.80 crore earmarked for tax devolution in 2026&27, according to Union Minister Nitin Gadkari. The state has seen a steady rise in central support since 2014, alongside major investments in metro rail, railways and station redevelopment. Ongoing projects include Nagpur Metro expansions, railway works worth INR 1.70 lakh crore and redevelopment of 128 stations. The budget also focuses on reducing logistics costs and boosting infrastructure-led growth.Read more

12 Feb 2026

WeWork India Management Ltd has leased 46,000 sq ft of managed office space to Turner International India at its Airoli centre in Mumbai, accommodating more than 650 desks. The space has been launched as a fully managed office, underscoring continued occupier preference for flexible and plug-and-play workplace formats. Turner International India is the Indian arm of Turner Construction Company, a North America-based construction services firm, and the transaction highlights the role of managed workspaces in supporting project-driven and scalable operations. The deal also reflects the growing appeal of the Navi Mumbai & Thane office corridor, where Airoli has emerged as a cost-efficient alternative to traditional business districts, supported by improving connectivity and a widening commercial base. For WeWork India, the leasing reinforces steady demand from multinational occupiers seeking operational agility without long-term real estate commitments.Read more

12 Feb 2026

Mysuru City Corporation (MCC) achieved its highest-ever property tax collection at 88.4% for the previous financial year, surpassing the earlier maximum of 79%. This improvement followed several initiatives, including listing major defaulters publicly, engaging women self help groups for collections, door-to-door drives, SMS reminders, and offering a 5% early payment rebate. The MCC now aims for full property tax recovery by the end of the current financial year. With around 1,83,000 properties under its jurisdiction, property tax continues to remain a major revenue source for the corporation's civic services and development projects.Read more

Mumbai News Desk

12 Feb 2026

Mumbai's residential property market achieved its highest-ever stamp duty collections for January, led by larger and high-value homes, even as total registrations declined compared to last year. The surge reflects stronger demand in mid-to-premium segments and growing end-user confidence, supported by ongoing infrastructure development and stable economic conditions. Suburban areas, especially western and central suburbs, continued to dominate registrations. Homes sized up to 1,000 sq ft remained the most popular, while luxury homes above INR 5 crore also saw increased interest, signaling a structural shift in buyer preferences.Read more