25 Feb 2026

CapitaLand India Trust has announced a private placement to raise at least SGD 150.0 million, with the issue price per new unit set between SGD 1.208 and SGD 1.237. The trust aims to strengthen its capital base and support its ongoing and future real estate projects in India. This capital-raising exercise reflects the trust's strategy to maintain liquidity and financial flexibility, while its diversified portfolio of commercial and retail properties continues to perform steadily. Investors are monitoring the placement closely, as it provides insight into asset valuation and the trust's potential for sustainable growth.Read more

Mumbai News Desk

25 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) is set to unveil its annual budget, focusing on large infrastructure and water projects. Major allocations will target Phase 2 of the Coastal Road, the Goregaon-Mulund Link Road (GMLR), the Gargai-Pinjal dam project, and wastewater treatment facilities. To fund these initiatives, the BMC is exploring property tax revisions and municipal bonds. With capital projects totaling nearly INR 1.5 lakh crore and only half of reserves available, the civic body aims to balance ambitious development goals with sustainable revenue sources for Mumbai's long-term urban growth.Read more

Delhi News Desk

25 Feb 2026

The Delhi government has initiated a detailed revision of circle rates across all property categories to bring official valuations closer to current market prices. This is the first structured review in several years and follows a widening gap between transaction values and government-notified rates. The exercise covers categories A to H and includes proposals for reclassification of certain localities based on actual market performance. Stakeholders were invited to submit suggestions before finalisation. The move is aimed at improving valuation accuracy, strengthening revenue collection, and ensuring more transparent property transactions in the capital.Read more

25 Feb 2026

Survivors of the devastating Mundakkai-Chooralmala landslides in Wayanad district, Kerala, have taken a significant step towards permanent resettlement by selecting new homes in a government-built township through an emotional draw of lots. In the first phase, 178 families who lost their homes in the disaster participated in the draw to choose plots and houses constructed under the township project at Elstone Estate, Kalpetta, designed to accommodate displaced families. Beneficiaries received coded slips indicating their allotted houses across multiple zones. Many expressed relief at securing permanent shelter after more than 18 months in rented accommodation, while some noted ongoing challenges in rebuilding livelihoods. The township development remains under construction, with formal handover of house keys scheduled in the coming weeks once infrastructure and finishing work is completed.Read more

Bangalore News Desk

25 Feb 2026

Google is significantly increasing its presence in Bengaluru by securing rights to roughly 2.6 million square feet at Alembic City in Whitefield. The agreement requires the landlord to reserve three additional office blocks exclusively for Google unless the company declines, ensuring flexibility for future expansion. Google IT Services India had earlier leased about 650,000 sq ft at the same campus. Analysts note that this could become one of the largest single-campus commitments by a global tech firm in India, reflecting strong demand for premium office space in Bengaluru.Read more

Bangalore News Desk

24 Feb 2026

The Greater Bengaluru Authority (GBA) has initiated a first-of-its-kind enforcement action to recover long-standing property tax arrears, auctioning seven defaulting properties after repeated attempts to secure payment failed. With outstanding dues totalling about INR 437 crore across nearly 7,000 units, the civic body moved to public auction as a last resort following notices, field visits and recovery drives by the former Bruhat Bengaluru Mahanagara Palike and the newly formed city corporations. Five properties in the East City Corporation area and two in the North City limits were successfully sold, while listings in the Central zone attracted no bidders. During bidding in the KR Puram division, 19 defaulters settled their dues when auctions began, and one property was withdrawn due to encroachment concerns. Deputy Chief Minister D K Shivakumar reiterated that affluent owners, including those earning rental income, would not be spared from tax enforcement.Read more

24 Feb 2026

The Haryana Assembly has formally approved the merger of the long-standing Housing Board Haryana into the Haryana Shehri Vikas Pradhikaran (HSVP), effectively bringing to an end the board's independent existence after more than five decades. The resolution, moved during the first sitting of the state's Budget session by Chief Minister Nayab Singh Saini, concluded a government plan that has been under consideration for around two years. Officials noted that the functions of both entities largely overlapped, prompting the consolidation intended to streamline housing and urban development operations. The Housing Board, established under the Haryana Housing Board Act, 1971, had developed tens of thousands of homes for socially and economically weaker sections across multiple districts. The government assured that the interests of Housing Board employees would be fully protected under the new structure as HSVP assumes all responsibilities and ongoing projects.Read more

24 Feb 2026

Adani Ports and Special Economic Zone Ltd (APSEZ), through Adani Gangavaram Port Ltd, has signed a Memorandum of Understanding with NMDC Ltd and Brazil-based Vale SA to develop an integrated iron ore blending facility and a Special Economic Zone at Gangavaram Port. The agreement was formalised during the India Brazil Business Forum in the national capital. The proposed project will create a value-addition ecosystem for iron ore, improve export efficiency, and enable the port to handle large Valemax vessels, increasing its overall cargo handling capacity to around 75 million tonnes.Read more

24 Feb 2026

Balgopal Commercial Ltd has approved the purchase of a land parcel in Kolkata for INR 6.5 million, according to a recent regulatory update. The decision was cleared by the company's board and disclosed to stock exchanges in the past week. While specific details such as the size and exact location of the land were not disclosed, the acquisition signals the company's continued interest in expanding its asset base. The development comes at a time when real estate activity in Kolkata is witnessing steady traction across both residential and mixed-use segments.Read more

Pune News Desk

24 Feb 2026

The Pune Municipal Corporation general body has unanimously rejected a proposal to raise property tax by five per cent for the upcoming financial year, choosing instead to retain existing tax rates. The move was backed by councillors across party lines who expressed concern about imposing additional financial burdens on city residents and emphasised the need to improve tax collection efficiency and bring more properties into the tax net rather than increasing rates. Meanwhile, the Pimpri Chinchwad Municipal Corporation is also expected to maintain the status quo on property tax, as procedural and legal requirements including the constitution of a standing committee needed to approve any hike have not been fulfilled, effectively stalling proposals for revised levies. Critics and civic leaders have urged administrative reforms to strengthen revenue performance without raising tax rates.Read more