10 Feb 2026

The Thane Municipal Corporation has collected INR 556.19 crore in property tax so far in the current financial year, missing its INR 841 crore target by over INR 280 crore. Ward-level data shows Majiwada Manpada as the highest contributor, followed by Vartak Nagar and Naupada Kopri. To address the gap, the civic body has stepped up recovery measures, including water supply disconnections for residential defaulters and attachment of non-residential properties, while also planning payment camps in housing societies to improve compliance.Read more

10 Feb 2026

Aditya Birla Housing Finance Ltd has strengthened its participation in the Government of India's Pradhan Mantri Awas Yojana Urban (PMAY-U) 2.0, focusing on improving access to housing finance for eligible first-time homebuyers across urban India. The company is offering PMAY-linked home loans with longer repayment tenures, higher loan-to-value ratios and simplified documentation aimed at economically weaker, low-income and middle-income households. The initiative aligns with the government's Housing for All objective and comes amid a broader push to expand formal housing finance penetration. With affordability remaining a key constraint for urban homeownership, the lender's approach highlights the role of housing finance companies in enabling demand-led growth within the affordable housing segment under the revised PMAY-U framework.Read more

10 Feb 2026

Embassy Developments Ltd reported a sharp widening of its consolidated net loss for the December quarter, alongside a year-on-year decline in total income. The real estate developer said it posted a consolidated net loss of INR 233.71 crore during the quarter, compared with a loss of INR 26.54 crore in the corresponding period of the previous year. Total income also declined to INR 264.01 crore from INR 329.13 crore in the year-ago quarter, as per a regulatory filing made earlier this week. Formerly known as Indiabulls Real Estate Ltd, Embassy Developments operates across key residential and commercial markets in Bengaluru, the Mumbai Metropolitan Region, the National Capital Region, Chennai and Indore. The latest results reflect a weaker financial performance during the quarter under review.Read more

10 Feb 2026

Mahindra Group has announced a plan to invest INR 15,000 crore in Maharashtra over the next ten years, including a large integrated automobile and tractor manufacturing facility in Nagpur. The plant is expected to start production in 2028 and will be Mahindra's largest manufacturing unit in the country, with capacity exceeding 5 lakh vehicles and 1 lakh tractors annually. The group will also acquire land in the Igatpuri-Nashik region to expand product, engine and advanced technology operations, strengthening its long-standing manufacturing presence in the state.Read more

10 Feb 2026

The Pune Municipal Corporation has intensified efforts to recover long-pending property tax dues by targeting 58 major defaulters, mostly from the commercial real estate segment. After repeated notices failed, the civic body has begun sealing properties and initiating legal attachment, with provisions for online auctions if payments remain unpaid. Property tax arrears in Pune currently stand at nearly 5,500 crore, excluding disputed cases. While collections have improved this year, unpaid dues from a small group continue to strain revenues. The PMC has also adopted public naming measures to encourage compliance. Citizen representatives support strict recovery from defaulters, stressing that improved enforcement is preferable to increasing property tax rates.Read more

10 Feb 2026

Sundaram Home Finance has expanded its Emerging Business (EB) branch network to 100 with the opening of a new outlet in Avinashi, near Coimbatore, marking a key milestone in its growth strategy. The Chennai-headquartered housing finance company is targeting disbursements of INR 500 crore in the EB segment by the end of FY2025-26, having already crossed INR 400 crore in the first nine months of the financial year. The EB segment focuses on affordable housing loans and small-ticket working capital finance. While Tamil Nadu remains a strong base, the company has significantly accelerated expansion into Karnataka, Telangana and Andhra Pradesh over the past year. Management expects recent budgetary subsidies for affordable housing to support demand and drive further growth across smaller towns and emerging markets.Read more

09 Feb 2026

The Union government has earmarked INR 3,244 crore in the Union Budget for the much-anticipated Kolhapur Vaibhavwadi railway project, a key route aimed at strengthening connectivity between western Maharashtra and the Konkan region. The allocation represents half of the estimated overall project cost and will support land acquisition and early works once procedural formalities, including the conclusion of local elections, are complete. The new line is expected to stretch around 106 kilometres with multiple stations, requiring significant tunnelling and elevated structures to traverse the Sahyadri mountain ranges. Once completed, it will link Kolhapur on the Pune Kolhapur section with Vaibhavwadi on the Konkan Railway, enhancing freight and passenger movement between the hinterland and coastal corridors. The state government and rail authorities are expected to contribute the remaining funding share and expedite implementation.Read more

09 Feb 2026

IRB Infrastructure recorded a 15 per cent year-on-year increase in toll revenue in January 2026, with collections rising to INR 750 crore compared to INR 650 crore in the same month last year. The reported figures include toll earnings from both IRB InvIT Fund (Public InvIT) and IRB Infrastructure Trust (Private InvIT). Key assets across Maharashtra, Gujarat and Telangana continued to drive revenue growth, reflecting steady traffic momentum across the portfolio. The IRB MP Expressway emerged as the largest contributor, followed by the Ahmedabad-Vadodara Super Express Tollway and the Golconda Expressway on Hyderabad's Outer Ring Road. Management indicated that traffic growth trends remain encouraging and are expected to strengthen further with the commencement of tolling on the TOT-17 project during the month.Read more

09 Feb 2026

The Reserve Bank of India's proposal to allow banks to lend directly to Real Estate Investment Trusts (REITs) has been welcomed by industry stakeholders, who said the move would expand long-term funding options and lower financing costs. The central bank has proposed the change with prudential safeguards, aiming to deepen the financing pool for the real estate sector. Industry bodies and REIT executives said direct access to bank finance would complement capital market borrowings and address the challenge of long-tenor funding, which remains limited under the current debt-issuance model. The move is also expected to strengthen balance sheets, support portfolio expansion, and potentially improve income distribution to unitholders. India currently has five listed REITs, primarily focused on office and retail assets.Read more

09 Feb 2026

Embassy Office Parks REIT has announced a distribution of INR 613 crore to unitholders for the quarter ended December 2025, supported by strong income growth and sustained leasing momentum across its office portfolio. Revenue from operations rose 17 per cent year-on-year to INR 1,193 crore, while net operating income increased 19 per cent to INR 985 crore during the quarter. The REIT delivered a per-unit distribution of INR 6.47, marking a 10 per cent annual increase. During the period, Embassy REIT also raised INR 400 crore through commercial paper at an effective annual rate of 6.44 per cent, reflecting disciplined balance sheet management. The performance was underpinned by robust demand from global capability centres and continued portfolio expansion through selective acquisitions.Read more