Bangalore News Desk

32 minutes ago

Enzyme Office Spaces has expanded its commercial real estate presence in Bengaluru by leasing approximately 3.5 lakh sq ft of office space across key micro-markets including Whitefield, HSR Layout, and Hebbal. The managed workspace operator plans to develop around 5,000 seats within these centres, taking its total seating capacity in India to nearly 60,000. The newly leased portfolio is expected to generate about INR 50 crore in annual revenue. The expansion reflects sustained occupier demand for flexible and managed office solutions, particularly from startups and global capability centres. The company, which currently manages nearly 2 million sq ft across cities, has also outlined further leasing plans for the upcoming financial year.Read more

4 hours ago

Municipal Corporation of Delhi has reported a 46% increase in property tax collection to INR 3,116.62 crore in FY26, driven by enhanced enforcement measures and the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme. The number of taxpayers rose 19.36% to over 13.5 lakh, indicating a broader tax base. The amnesty scheme contributed INR 1,236.03 crore, with significant collections from both residential and non-residential properties. The civic body also leveraged third-party data sources to identify unassessed properties and initiated action against defaulters. The scheme has been extended until the end of April with a penalty provision to encourage further compliance.Read more

7 hours ago

Institutional investment in India's real estate sector declined sharply by 62% quarter-on-quarter to USD 1.41 billion in the first quarter of 2026, according to Vestian. The fall is attributed to cautious investor sentiment amid geopolitical tensions in West Asia. However, investments rose 74% compared to the same period last year, indicating underlying resilience. Commercial assets dominated inflows with an 80% share, supported by demand from global capability centres (GCCs). Residential investments, in contrast, witnessed significant declines both sequentially and annually. The data reflects a shift towards domestic capital participation as foreign investments moderated during the quarter.Read more

9 hours ago

Property registrations in Mumbai saw a 3 per cent year-on-year rise in March, reaching 15,983 units, marking the highest level for the month in the last 14 years. The growth reflects sustained end-user demand, stable economic conditions, and continued confidence among homebuyers. Residential properties dominated the market with nearly 80 per cent share. Compared to the previous month, registrations also saw a notable increase. Industry experts believe that real estate continues to remain a preferred investment option, even as other asset classes face volatility, reinforcing the sector's long-term stability.Read more

10 hours ago

Haryana has revised its collector rates using a data-based approach to align government property values with actual market transactions. The update is based on analysis of higher-value registrations across segments, with most areas seeing no change while others have witnessed graded increases. Around 68.80 per cent of segments remain unchanged, showing existing alignment with market rates. The move aims to reduce undervaluation, improve transparency in property deals, and ensure fairer stamp duty collection, while bringing more consistency to the state's real estate valuation system.Read more

13 hours ago

Women's safety measures at Namo Bharat Regional Rapid Transit System (RRTS) stations have been strengthened through funding from the Nirbhaya Fund, with multiple initiatives implemented across operational corridors. The measures, introduced in the past week, include dedicated women help desks, enhanced surveillance systems, well-lit station premises, and deployment of trained security personnel. The initiative is being implemented by the National Capital Region Transport Corporation (NCRTC) as part of its broader passenger safety framework. The focus is on ensuring safe access, transit, and exit for women commuters across stations and trains. These interventions are aligned with national efforts to integrate gender-sensitive infrastructure into urban transport systems and improve safety standards in high-capacity transit networks.Read more

02 Apr 2026

Non-banking financial companies (NBFCs) remained the key drivers of activity in the commercial paper market during the past month, even as corporates reduced participation due to higher short-term borrowing costs and sufficient internal liquidity. A report by India Ratings and Research highlighted that NBFCs continued to rely on short-term instruments to meet year-end funding needs, leading to a sharp rise in issuances. In contrast, corporate borrowing declined notably. The report also noted stable trends in certificate of deposit issuances, indicating easing liquidity pressures and a more balanced outlook for bank funding in the coming months.Read more

02 Apr 2026

GST collections crossed INR 2 lakh crore in the last month of the financial year, marking one of the highest monthly figures. The rise was supported by both domestic consumption and a sharp increase in import-related tax collections. While tax rate cuts introduced earlier had initially softened revenues, collections have gradually recovered over recent months. Refund payouts also increased, indicating improved compliance and processing. Experts note that while consumption remains stable, future growth may face pressure from global economic factors and inflation trends.Read more

02 Apr 2026

The Himachal Pradesh Assembly has approved the state budget for 2026-27, allowing expenditure of INR 58,830.30 crore from the consolidated fund. The budget outlines a revenue deficit of INR 6,577 crore and a fiscal deficit of INR 9,698 crore, staying within the prescribed limits at 3.49 per cent of GSDP. A significant portion of funds will go towards committed liabilities, leaving limited room for development spending. In response to financial pressure and reduced central support, the state leadership has announced temporary salary cuts across key positions.Read more

02 Apr 2026

Gujarat's GIFT City has missed a key milestone after XED Executive Development withdrew its proposed USD 12 million IPO, which was expected to be the first listing from the IFSC platform. The company stepped back due to weak investor sentiment and cautious market conditions. The issue was structured as a dollar-denominated offering aimed at global investors and was to be listed on international exchanges at GIFT City. The development highlights current hesitation in capital markets and may delay similar IPO plans from companies looking to tap the IFSC route.Read more