Bangalore News Desk

08 Mar 2026

Embassy Office Parks REIT has expanded its commercial portfolio by acquiring the Pinehurst office building in Bengaluru's Embassy GolfLinks Business Park for INR 852 crore. The acquisition was completed through the purchase of Eleanor Realty Holdings India, which owns the asset. The Grade-A property spans about 0.3 million sq ft and is fully leased to a global investment firm. The transaction was executed at a price below the average of two independent valuations. The deal also marks a notable third-party acquisition in India's REIT market and strengthens Embassy REIT's presence in a key office micro-market.Read more

08 Mar 2026

BPTP Capital City, a Grade-A commercial development located in Sector 94, Noida, has received multiple recognised sustainability certifications, including LEED v4.1 O&M Platinum, IGBC Platinum and WELL Core Platinum. Developed by BPTP, the project comprises around 790,000 sq ft of office and mixed-use space and is positioned close to key transport infrastructure, including the Okhla Bird Sanctuary Metro Station, located roughly 300 metres away. The certifications recognise the development's compliance with established global and national benchmarks on energy efficiency, water management, indoor environmental quality and occupant well-being. BPTP said the project has been planned in alignment with sustainability-oriented development practices and operational standards. Capital City currently accommodates corporate occupiers from sectors such as technology, financial services, manufacturing and education, alongside food and beverage and flexible workspace operators.Read more

07 Mar 2026

The Maharashtra government has abolished the non-agricultural (NA) tax applicable to urban housing societies and announced a complete waiver of pending dues, including arrears, penalties, and interest. The decision was announced in the state assembly by Revenue Minister Chandrashekhar Bawankule. The move is expected to provide relief to thousands of apartment owners across cities in the state. Along with removing the annual tax, the government has introduced a revised framework for land conversion charges under the amended Maharashtra Land Revenue Act, replacing the recurring levy with a rationalised one-time premium structure linked to Ready Reckoner rates.Read more

07 Mar 2026

The Nashik Municipal Corporation has expanded its property tax base by bringing nearly 30,000 additional properties under assessment during the current financial year. With these additions, the number of taxable properties in the city has crossed six lakh. Civic officials said the properties were identified through surveys and verification drives conducted across municipal limits. Taxes are now being levied on these units as part of the city's regular property tax system. The move is expected to improve municipal revenue while ensuring that previously unregistered or unassessed properties contribute to the funding of civic infrastructure and services.Read more

07 Mar 2026

Mumbai recorded its strongest February performance in over a decade in 2026, with 13,029 property registrations logged within the Brihanmumbai Municipal Corporation limits, generating stamp duty revenue of more than INR 1,134 crore, according to data released by Knight Frank India. Registrations rose 8 per cent year-on-year, while stamp duty collections increased by a sharper 21 per cent, reflecting a clear shift towards higher-value residential transactions. Homes accounted for close to 80 per cent of all registrations. The share of properties priced above INR 5 crore and in the INR 2-5 crore bracket expanded, while the sub-INR 1 crore segment declined. Industry participants said the data points to sustained end-user demand, rising purchasing power and an upgrade cycle driven by preferences for better connectivity, amenities and long-term value.Read more

06 Mar 2026

State-owned Bank of Baroda has raised INR 10,000 crore through the issuance of long-term green infrastructure bonds, marking the first such domestic issuance by an Indian bank. The seven-year bonds were issued via the Electronic Debt Bidding platform of the National Stock Exchange of India and attracted bids worth INR 16,415 crore against a base issue size of INR 5,000 crore, prompting the bank to exercise a green shoe option of an additional INR 5,000 crore. The bonds were priced at a cut-off coupon of 7.10 per cent despite volatile market conditions. Proceeds from the issuance will be deployed towards eligible green projects, including renewable energy and environmentally sustainable infrastructure, in line with the bank's green financing framework and regulatory guidelines.Read more

Pune News Desk

06 Mar 2026

Prime Offices Fund (PRIME), managed by Nuvama Asset Management and Cushman & Wakefield Management, has acquired a 51% stake in a 1.1 million sq ft Grade A+ office development in Pune's Kharadi micro-market. The remaining 49% continues to be held by Singapore-based Keppel. The deal value is estimated at around INR 1,000 crore. With this transaction, PRIME's total portfolio has expanded to nearly 3.8 million sq ft across Delhi NCR, Chennai and now Pune, marking its entry into a key technology-driven office market.Read more

06 Mar 2026

NB Group has announced an investment of INR 350 crore to develop a luxury residential project in Ahmedabad. The project, named NB Palm, comprises 136 apartments spread across a 6,300 square yard land parcel. The development is being funded largely through internal accruals. Homes are priced at INR 6,500 per sq ft, with apartment prices starting from INR 2.5 crore. The company said Ahmedabad's housing market continues to see steady demand growth, particularly in the premium segment over the past few years, alongside strong performance in affordable and mid-income categories.Read more

Noida News Desk

06 Mar 2026

Paramount Developers has deposited more than INR 106 crore with the Noida Authority and the Greater Noida Authority, clearing long-standing land-cost dues that had blocked property registrations for 135 flats in two housing projects. Payments of around INR 80 crore to the Noida Authority for Paramount Floraville in Sector 137 and approximately INR 26 crore to Greater Noida Authority for Paramount Emotions in Greater Noida West were made under protest while legal proceedings continue over the dues. With the financial liabilities now settled under the Uttar Pradesh government's settlement framework for stalled projects, registries for 35 flats in Paramount Emotions and 100 flats in Floraville can be executed. Homebuyers previously faced delays in concluding ownership formalities despite completed certificates and possession in many cases. The move follows revised dues calculations under state policy.Read more

06 Mar 2026

The Maradu Municipality in Kerala has adopted its 2026-27 budget, projecting total revenue of approximately INR 111.27 crore with planned expenditure of around INR 101.84 crore, yielding a surplus of INR 9.42 crore, officials said earlier this week. Presented by Deputy Chairperson Jinson Peter, this is the first municipal budget drawn entirely through the K-Smart digital system. The plan allocates funds to a range of urban infrastructure and community development initiatives, including tourism enhancements in Valanthakkad, installation of LED lighting on key bridges, and lift facilities on the Kundannoor-Thevara bridge. Additional provisions include upgrades to educational facilities, construction of a biowaste treatment plant, renovation of public halls and commercial complexes, and stronger enforcement against illegal hoardings. The budget emphasises both civic improvements and revenue strengthening measures.Read more