05 Jan 2026

Sobha Ltd reported a sharp 52 per cent rise in sales bookings to INR 2,115.2 crore in the third quarter of the current financial year, supported by higher sales volumes and improved price realisation amid sustained housing demand. The Bengaluru-based developer achieved its highest-ever quarterly sales value, driven largely by strong performance in its core markets, particularly Bengaluru and Delhi-NCR. Sales volumes grew significantly year-on-year, while average prices also moved up, reflecting continued buyer preference for quality housing. The robust quarterly performance helped the company post strong cumulative growth in sales bookings during the first nine months of FY26, underscoring positive market momentum.Read more

05 Jan 2026

India's flexible workspace market is set for strong growth, with total flex office stock in the top seven cities projected to exceed 100 million sq ft by 2027, up from around 72.3 million sq ft in 2025. Rising enterprise demand, particularly from technology, BFSI firms, and Global Capability Centres (GCCs), is driving this expansion. Bengaluru and Delhi NCR remain dominant, while Pune and Chennai show high penetration and fast growth. Tier II cities are increasingly targeted by operators, and flex space's share of overall office inventory is expected to reach over 10 per cent.Read more

Delhi News Desk

05 Jan 2026

Delhi's mayor has urged property owners to take advantage of the Property Tax Amnesty Scheme 2025-26 (SUNIYO) to settle pending tax dues. The scheme allows taxpayers to pay the main property tax for the current year and the previous five years, while interest and penalties on older dues are waived. The city has already collected significant revenue under this programme, with residential and non residential properties contributing over INR 803 crore combined. Officials note a rise in taxpayer participation and new registrations, indicating improved compliance and stronger municipal revenue.Read more

05 Jan 2026

The Delhi government has announced a capital investment plan of approximately INR 17,000 crore over the next three years to strengthen the capital's power infrastructure and ensure uninterrupted, high-quality electricity supply. The investments will focus on upgrading transmission lines, grid substations and distribution networks through Delhi Transco Limited and distribution companies. With peak power demand already touching around 8,400 MW in 2025 and projected to rise sharply by 2030, the government is aligning its power strategy with long-term demand growth. The plan also emphasises rooftop solar adoption, last-mile reliability and efficient use of limited urban land.Read more

05 Jan 2026

Parents of Alkem Laboratories founder purchased a premium penthouse in Bandra West for INR 63 crore, marking the highest price for a non sea facing apartment in the area. The 4,583 sq ft unit in S Raheja's Evergreen tower comes with private terraces and a double height living room. The purchase, completed with stamp duty and registration charges, reflects the continuing demand for luxury homes in established Mumbai neighbourhoods. Industry experts note the property's proximity to the sea and redevelopment background adds to its premium appeal.Read more

04 Jan 2026

The office property market in Delhi-NCR and Mumbai saw a decline in new supply last year, falling 15 per cent and 37 per cent, respectively, while overall demand from technology, BFSI, and foreign firms setting up GCCs remained strong. Across seven major cities, fresh office space reached 56.5 million sq ft, up 5 per cent from 2024, with leasing absorption growing 6 per cent. Vacancy levels fell, and rents increased up to 15 per cent. Bengaluru, Chennai, and Pune led new supply growth, while Delhi-NCR, Mumbai, Hyderabad, and Kolkata witnessed declines. Major REITs continue to drive structured investment in the sector.Read more

04 Jan 2026

Guntur Municipal Corporation (GMC) has cleared INR 33.62 crore of long-pending property tax arrears identified as uncollectable after a detailed review. The total backlog of pending dues exceeded INR 80 crore, affected by outdated records, demolished or redeveloped properties, over-assessments, and duplicate entries. Officials conducted field inspections before canceling 4,337 cases. This move aims to streamline tax records, focus on genuine liabilities, and enhance revenue collection efficiency, which has previously been hampered by low compliance and administrative challenges. The exercise is part of GMC's ongoing efforts to strengthen civic finances.Read more

04 Jan 2026

Tambaram City Municipal Corporation has revised property tax name transfer charges, moving from a market value based system to flat fees to simplify payments for property buyers. Residential transfers now cost INR 500, while commercial properties are charged INR 1,000. Previously, residents paid between INR 15,000 and INR 40,000 depending on property size and valuation. The change aligns Tambaram with Greater Chennai Corporation practices and follows a Tamil Nadu government directive standardising fees across urban local bodies. While the move reduces costs, some residents reported initial confusion regarding revised assessments and past dues.Read more

04 Jan 2026

Gross GST collections rose by 6.1 per cent to over INR 1.74 lakh crore last month, even as domestic revenue growth slowed following significant tax rate cuts. While domestic transactions saw limited growth, collections from imports increased sharply, helping support overall revenues. Net GST collections grew modestly after higher refunds, and cess collections declined due to structural changes. Experts noted that higher business volumes are offsetting lower tax rates, though several large and mid-sized states reported weak or negative growth in GST collections.Read more

04 Jan 2026

Silverstorm Parks and Resorts Limited has filed its draft prospectus with the BSE SME platform to raise funds through an initial public offering of up to 62,00,000 equity shares. The company plans to use the proceeds for developing a snow park and family entertainment centre in Lucknow, upgrading its existing theme park, repaying certain borrowings, and meeting general corporate needs. In FY25, Silverstorm reported consolidated revenue of INR 3,100.12 lakh and profit after tax of INR 971.07 lakh, with stable performance continuing in the current year.Read more