06 Feb 2026

India's Union Budget for 2026-27 introduced a range of measures expected to bolster the real estate and construction sectors, with a focus on infrastructure-led urban development, asset monetisation and regulatory relief. The government proposed the accelerated monetisation of central public sector enterprise real estate through dedicated Real Estate Investment Trust (REIT) structures, alongside incentives to strengthen construction equipment manufacturing. Income tax exemptions were announced for landowners affected by compulsory acquisition for infrastructure projects, while compliance for property transactions involving non-residents was simplified. A new initiative to establish City Economic Regions (CERs) is designed to channel investment into Tier-2 and Tier-3 cities and temple towns, with dedicated financing for civic infrastructure. Urbanisation and connectivity measures are expected to widen real estate demand beyond the largest metropolitan markets. However, direct incentives for affordable housing remained absent.Read more

06 Feb 2026

Residents in Secunderabad Cantonment have submitted a detailed proposal for a ward-wise house tax arrears recovery plan to senior cantonment and defence estate officials, seeking stricter enforcement of overdue property tax collections under the Cantonments Act 2006. The plan, prepared by local representatives in Ward-8, calls for systematic, legally grounded action to improve compliance and reduce long-standing tax arrears within the Cantonment's civilian wards. It outlines a cycle of fortnightly enforcement drives in each ward, including official field visits, statutory demand notices, interest and penalty recovery, and escalation against chronic defaulters. The proposal also recommends dedicated ward teams, real-time tracking of arrears and the promotion of online payment options to streamline collections. Penalty measures escalate with the length of the default period, and the framework suggests data-driven dashboards to monitor progress across wardsRead more

Bangalore News Desk

05 Feb 2026

Owners of irregularly sized and corner sites in Bengaluru developed under the Bangalore Development Authority (BDA) are reporting property tax anomalies that leave them paying almost double what neighbouring standard plots are charged. The tax regime, based on a slab structure introduced by the BDA, can push a modest increase in site area into a substantially higher rate bracket, forcing the higher rate to apply to the entire site rather than only the excess area beyond standard dimensions. Allottees from layouts such as Nadaprabhu Kempegowda Layout, Banashankari 6th Stage and Sir M Visvesvaraya Layout have raised concerns that they were not informed about these tax implications at the time of purchase. BDA officials say the automated system applies tax strictly according to predefined slabs, and there has been no change despite requests for a more equitable approach. Around 3,000 plots are thought to be affected by the current policy framework.Read more

05 Feb 2026

Affordable housing finance companies are likely to see slower growth in assets under management, with expansion easing to around 21 per cent in FY26 from 23 per cent in FY25, according to Crisil. Growth is expected to remain steady in FY27. The loan against property segment may also moderate due to tighter underwriting amid asset quality concerns. While profitability may dip slightly, it is expected to stay healthy. Rising stress in small-ticket loans, particularly in the sub-INR 15 lakh category, remains a key area to watch.Read more

Hyderabad News Desk

05 Feb 2026

Flexible workspace provider WeWork India has entered into a new lease agreement to significantly expand its footprint in Hyderabad, committing about INR 100 crore to add approximately 3,300 desks across roughly 2,50,348 sq ft of workspace. The additional capacity is expected to be operational by June 2026, with the expansion funded through a mix of debt and internal accruals. The company said it currently operates more than 1,21,600 desks nationally, with average utilisation of nearly 84%, highlighting strong demand for flexible office space across India's top cities. The Hyderabad expansion aligns with broader demand dynamics in the office market, where co-working and flexible workspaces are gaining traction among global capability centres and enterprises seeking adaptable solutions. The move reinforces Hyderabad's growing status as a key commercial and office market destination.Read more

05 Feb 2026

TREVOC Group has partnered with Canonicus Capital to launch a last-mile funding and execution platform of up to INR 500 crore for near-completion real estate projects in Delhi-NCR. While Canonicus Capital will provide structured institutional funding, TREVOC will handle execution, construction management, governance, and delivery timelines. The platform has already identified a pipeline of residential and mixed-use projects. An initial commitment of INR 125 crore has been made, with the platform expected to expand over the coming years amid ongoing efforts to resolve delayed developments in the region.Read more

05 Feb 2026

NBCC has signed an agreement with Kendriya Vidyalaya Sangathan to carry out construction, renovation and repair works at KVS schools across India, with project values to be decided individually. The PSU will act as project management consultant for the assignments. In addition, NBCC has secured six new orders worth a total of INR 271.32 crore. This includes a major INR 232 crore contract for building the Namami Ganga Aquarium-cum-Discovery Learning Centre in Rishikesh, adding to its government infrastructure portfolio.Read more

Kochi News Desk

05 Feb 2026

Cochin Shipyard Ltd has approved the acquisition of a 23% equity stake in Netherlands-based Conoship International Holding B.V. as part of its plan to strengthen its footprint in the European shipping market. The investment will support collaboration in ship design and engineering, especially for vessels using alternative fuels and serving coastal and inland transport segments. The board also cleared the formation of a joint venture with HBL Engineering to develop electric mobility and energy storage solutions for marine use, marking a broader push into future-ready maritime technologies.Read more

05 Feb 2026

The PM Surya Ghar: Muft Bijli Yojana has benefitted over 26 lakh households across India, with the Centre disbursing INR 14,771.82 crore as financial assistance till December 2025. Since its launch in February 2024, more than 20.85 lakh rooftop solar systems have been installed nationwide. Gujarat, Maharashtra and Uttar Pradesh account for the highest number of beneficiaries. The government estimates that large-scale rooftop solar adoption could significantly cut carbon emissions over time, while parallel efforts are underway to strengthen energy storage and global renewable partnerships.Read more

05 Feb 2026

Hindustan Aeronautics Limited (HAL) and Russia's United Aircraft Corporation (UAC) have entered a joint venture to manufacture Sukhoi SJ 100 regional jets in India, boosting domestic aircraft production. HAL will hold local certification, manufacturing, and sales rights while UAC provides technical support and design expertise. Additionally, UAC will supply six Ilyushin Il 114-300 turboprop aircraft to Indian firm Flamingo Aerospace, with guidance to enhance assembly, maintenance, and infrastructure capabilities. This move reflects a long-term effort to strengthen India's aviation manufacturing, regional connectivity, and technology transfer initiatives.Read more