Visakhapatnam News Desk

05 Mar 2026

Rising land prices and limited availability of well-located plots are reshaping Visakhapatnam's housing market, driving a shift toward 40-50 storey residential complexes. Developers are favoring high-rise projects to distribute steep land acquisition costs across more units, lowering per square-foot prices and offering enhanced amenities such as gyms, pools, and clubhouses. Demand remains strong due to growth in IT and allied sectors, with micro-markets like Madhurawada Kapuluppada, Anandapuram Kommadi, Bhogapuram Bheemili, and Yendada Rushikonda seeing increased activity. Vertical housing also improves land-use efficiency and aligns with modern buyer expectations.Read more

05 Mar 2026

India's Goods and Services Tax (GST) collections for February increased by 8.1% year-on-year to reach around INR 1.84 lakh crore, driven by higher import revenues and consistent domestic demand. After accounting for refunds, net GST receipts stood at about INR 1.61 lakh crore. Revenue from imports surged over 17%, while gross domestic revenue rose 5.3%, reflecting stable consumption and industrial activity. Export-related refunds grew 26.5%, indicating improved liquidity support for businesses. While some states reported declines, others achieved single-digit growth, showing uneven but broad-based economic activity.Read more

05 Mar 2026

The Mysuru Development Authority (MDA) has announced an auction of about 200 residential and commercial plots in the city, following strong interest from buyers in past rounds. Premium plots in areas like JP Nagar and Vijayanagar have base prices ranging from INR 3.3 crore to INR 3.5 crore, while smaller and mid sized sites in Hebbal, Gayathripuram, Dattagalli, and Vasanth Nagar are priced between under INR 1 crore and INR 2.5 crore. Online auctions will be conducted in phases from late March to early April, with minimum bid increments set to maintain systematic bidding.Read more

05 Mar 2026

The Navi Mumbai Municipal Corporation (NMMC) has collected around INR 650 crore in property tax so far this financial year, with nearly 62% of taxpayers choosing digital payment methods. Out of about 3.6 lakh registered properties, close to 1.83 lakh property owners have paid their dues. The civic body is working to achieve its annual target of INR 1,000 crore by intensifying recovery measures, issuing notices to defaulters, and attaching properties with large arrears. Enforcement action has already led to recovery of INR 39 crore.Read more

04 Mar 2026

Rajasthan Housing Board (RHB) has recorded revenue exceeding INR 1,000 crore in the financial year 2025-26, more than three times its previous year's earnings, mainly driven by commercial auctions and better asset monetisation. The board plans new residential housing projects across Jaisalmer, Jodhpur, Alwar, Kotputli, Bhiwadi, Khori Kalan, Shahjahanpur and parts of the NCR belt, including Pushkar. Initiatives also focus on improving infrastructure, managing unsold inventory, and maintaining affordability. RHB continues to prioritise EWS and LIG segments while exploring partnerships and institutional reforms to strengthen asset protection.Read more

Bangalore News Desk

04 Mar 2026

The Greater Bengaluru Authority identified around 50 properties in Bommanahalli with unpaid property taxes totaling nearly INR 1.1 crore. Ahead of a scheduled auction to recover dues, 14 defaulters paid over INR 27 lakh through challan and online methods, preventing their properties from being auctioned. Despite this, no bids were received for the remaining 36 properties during the auction. Civic authorities now plan a re-auction to recover the pending dues. The move is part of the city's broader efforts to enforce tax compliance and strengthen municipal revenue collection.Read more

04 Mar 2026

The Pimpri-Chinchwad Municipal Corporation (PCMC) has launched a property tax amnesty scheme to help defaulters settle outstanding dues before the end of the 2025-26 fiscal year. Under the scheme, property owners paying their full dues in March can avail a 90 % waiver on accumulated penalties. Around 2.12 lakh property owners owe a total of INR 1,394 crore, including INR 467 crore in penalties. The programme covers residential, commercial, industrial, and open plots. Officials have warned that after the deadline, standard penalties and enforcement actions will resume for defaulters who do not participate.Read more

04 Mar 2026

Haryana's 2026-27 budget, presented by Chief Minister Nayab Singh Saini, totals INR 2.23 lakh crore, reflecting a 10.28 per cent rise over the previous fiscal's revised allocation. The budget incorporates 5,000 suggestions and focuses on capital expenditure of INR 28,205 crore. Key initiatives include the World Bank-backed Haryana Clean Air Project, the proposed Haryana Agri Discom to provide uninterrupted electricity to over 7 lakh farm consumers, and the Haryana Green Climate Resilience Fund with INR 100 crore for sustainable energy, climate resilience, and green infrastructure development across the state.Read more

04 Mar 2026

NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is set to launch its maiden Initial Public Offering (IPO) worth INR 6,000 crore, marking a significant step in expanding public participation in India's national highway monetisation programme. The IPO will open on March 11 and close on March 13, with anchor investor bidding scheduled for March 10. According to the Red Herring Prospectus, the issue size has been increased from the earlier proposed INR 5,700 crore to INR 6,000 crore. The public InvIT aims to unlock long-term value from operational national highway assets while offering a stable investment avenue for retail and domestic investors. The move aligns with the government's broader infrastructure financing and asset monetisation strategy.Read more

04 Mar 2026

The Municipal Corporation of Delhi (MCD) has recovered INR 11.69 crore in pending property tax from a hotel located in Paschim Vihar, west Delhi, after initiating enforcement proceedings. The property was under liquidation when the civic body issued a demand notice for unpaid dues. The hotel management later cleared the outstanding amount under MCD's Sumpattikar Niptaan Yojana (SUNIYO), which allows waiver of interest and penalties on arrears before FY 2020-21 if specified conditions are met. The amnesty window recently closed after being extended until February 28.Read more