11 Jan 2026

The Jaipur Municipal Corporation intensified its UD tax recovery efforts in Murlipura, attaching five properties after owners failed to pay outstanding dues. Following the action, property owners promptly cleared around INR 8 lakh using a government waiver on interest and penalties, showing the effectiveness of the enforcement and incentive scheme. In addition, two marriage halls were sealed for not paying registration fees. The move highlights the civic body's ongoing strategy to ensure timely tax collection, maintain municipal revenue, and reinforce compliance with regulations while safeguarding transparency and accountability in urban administration.Read more

10 Jan 2026

North Eastern Railway has reported an improvement in freight performance in the ongoing financial year, with earnings crossing INR 360 crore up to the third quarter. Freight loading stood at 3.247 million tonnes by December, reflecting a year-on-year growth of nearly 7%. December alone contributed over INR 37 crore in revenue. The railway zone attributed the increase to improved facilities for freight customers and focused efforts by business development teams. The performance indicates consistent progress in freight operations across the zone during the current fiscal.Read more

10 Jan 2026

DRA Homes has entered into a strategic partnership with Yubi to establish an INR 250 crore secured debt platform aimed at strengthening its residential land acquisition pipeline. Structured through secured non-convertible debentures, the platform reflects a growing shift among organised developers towards non-dilutive, asset-backed financing to support disciplined expansion. The initiative enables DRA Homes to access diversified capital through a transparent, technology-led framework, while offering investors structured exposure to residential real estate credit with defined security and predictable risk-adjusted returns. As residential developers increasingly prioritise balance-sheet discipline and governance, such capital market aligned structures are emerging as a preferred route to fund early-stage growth while aligning long-term developer and investor interests.Read more

Mumbai News Desk

10 Jan 2026

Wipro Limited has strengthened its presence in Navi Mumbai by leasing approximately 1.45 lakh sq ft of Grade A office space at Mindspace SEZ, Airoli East, on a five year lease. The agreement, registered in late December 2025, includes a lock in period of 36 months, 97 car parks, and an 84 day rent free period before rent starts in April. The monthly rent begins at around INR 97.25 lakh with annual 5% escalations. This lease complements Wipro's existing footprint in the Airoli campus, reflecting the continued demand for cost efficient suburban office spaces.Read more

Delhi News Desk

10 Jan 2026

The Delhi Public Works Department has received approval of INR 38 crore to carry out repair and rehabilitation work on the Zakira and Seelampur flyovers, two key traffic corridors in west and east Delhi. The sanction includes INR 20.18 crore for the Zakira Flyover and INR 17.85 crore for the Seelampur Flyover. The scope covers structural repairs, replacement of expansion joints and bearings, and strengthening of critical components. The move follows citywide structural inspections of ageing flyovers aimed at improving safety and extending asset life.Read more

10 Jan 2026

Mohali Municipal Corporation has intensified enforcement against chronic property tax defaulters, focusing on commercial and industrial establishments with long-standing unpaid dues. Authorities have issued sealing notices under the Punjab Municipal Corporation Act, giving defaulters a brief period to clear outstanding taxes. Non-compliance will result in property sealing and possible auction to recover unpaid tax, penalties, and interest. The civic body emphasized using official channels, including the M-Seva App, to make payments. Officials warned that delays would affect essential civic services funding and stressed accountability for property owners.Read more

09 Jan 2026

The government-backed SWAMIH fund has enabled the completion of more than 61,000 homes in stalled residential projects across India up to mid-December last year. Spread across 110 projects in around 30 cities, the initiative has primarily supported affordable and mid-income housing developments that were stuck due to funding and execution challenges. With investments exceeding INR 37,400 crore across 127 projects, the fund has helped restore buyer confidence, supported employment generation, and contributed significantly to government revenues through taxes and duties.Read more

09 Jan 2026

Arihant Foundations & Housing Ltd announced that its subsidiary, Canopy Living, has executed an agreement to purchase a land parcel. An advance payment of INR 250 million has already been made, while the balance amount of INR 5.36 billion will be paid upon execution of the sale deed. While details on the land location and development plan remain undisclosed, the transaction reflects the company's ongoing focus on strengthening its land bank. The acquisition is expected to support future real estate projects and long-term growth plans.Read more

09 Jan 2026

Shree KB Realty has acquired a nearly 3-acre land parcel in Greater Noida West for Rs 122 crore to develop a large commercial project, reflecting growing confidence in the region's office and retail market. The land was secured through an auction conducted by the Greater Noida Authority and includes lease rent and stamp duty charges. The developer plans to construct a commercial development with a built-up area of around 8.5 lakh square feet, catering to rising demand driven by the completion of several residential projects in the surrounding areas. The acquisition underlines the increasing attractiveness of Greater Noida as a commercial destination, supported by improving infrastructure, a growing residential catchment and expanding business activity across the Delhi-NCR region.Read more

Mumbai News Desk

09 Jan 2026

The Railway Land Development Authority (RLDA) has received a bid of INR 1,368 crore for redeveloping nearly six acres of its Supari Baug colony in central Mumbai's Parel area. The bid, submitted by Dineshchandra R Agrawal Infracon, slightly surpasses RLDA's revised reserve price. Offered on a 99 year lease under a revenue share model, the project will now undergo technical and financial evaluation. Parel's transformation over the past two decades into a residential and commercial hub has made centrally located railway land highly attractive to developers.Read more