19 Jan 2026

The Delhi Development Authority's Karmayogi Awaas Yojana 2025 witnessed strong demand as nearly 60 per cent of the 684 flats were booked within the first 24 hours of launch. The initial bookings are expected to generate around INR 450 crore in revenue. One BHK units were almost fully sold on the first day, while two BHK flats contributed the most to early revenue. Officials attribute the response to improved infrastructure, upcoming transit links, and the area's growing appeal for government employees. Bookings remain open until the end of March.Read more

19 Jan 2026

LTIMindtree has been awarded a seven-year contract worth around INR 3,000 crore by the Central Board of Direct Taxes to develop an AI-powered system for upgrading India's national tax analytics platform. The project, known as Insight 2.0, aims to modernise tax data analysis and provide real-time insights to policymakers. The initiative supports the government's ongoing efforts to strengthen tax administration through advanced technology, improved data processing, and enhanced decision-making capabilities within the income tax framework.Read more

19 Jan 2026

Smartworks Coworking Spaces Ltd posted a consolidated profit of 12.4 million INR for the December quarter, with revenue from operations totaling 4.72 billion INR. The results underscore the company's steady performance in the flexible workspace segment, supported by growing demand from startups and corporates. Smartworks has focused on maximizing occupancy and operational efficiency across its centers. Its expansion strategy in tier-1 cities and tailored office solutions continues to reinforce its presence in the competitive coworking market, maintaining both growth and profitability.Read more

19 Jan 2026

Godrej Properties achieved robust growth in residential sales bookings, with the third-quarter figure hitting INR 8,421 crore, up 55 per cent year-on-year. The company recorded INR 24,008 crore in bookings during the first nine months of the fiscal. In 2025, it sold properties worth INR 34,171 crore, becoming India's largest listed residential developer for the second consecutive year. Sales were spread across major regions, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad. The company consistently maintained over INR 7,000 crore in bookings each quarter, reflecting strong demand for quality homes.Read more

19 Jan 2026

Tushar Infra Developers Private Limited, owned by actor Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by his father Jeetendra Kapoor, have sold their commercial property in Mumbai's Chandivali area for INR 559.25 crore. The asset, the DC 10 Building in Balaji IT Park, spans about 30,195 sqm (3,25,016 sqft) and includes a ground-plus-ten-storey commercial building and an adjacent four-storey generator block. NTT Global Data Centres & Cloud Infrastructure India acquired the property. The deal highlights sustained investor interest in Mumbai's commercial micro-markets, especially for digital infrastructure and data centre spaces.Read more

19 Jan 2026

Sterling and Wilson Renewable Energy's December quarter results showed a nearly 91% decline in consolidated net profit to INR 1.55 crore, mainly due to an exceptional charge of INR 30.84 crore. The decline follows a legal dispute involving a subsidiary and a major subcontractor, where previous claims of INR 485.64 crore were dismissed, and additional legal costs were imposed. Despite the profit drop, revenue from operations rose to INR 2,092.21 crore from INR 1,837.20 crore. The company also announced the upcoming appointment of Rajesh Mittal as Senior VP- IT and Senior Management Personnel.Read more

18 Jan 2026

Indian Overseas Bank is set to raise INR 4,000 crore from the capital market this quarter, backed by Board approval. The funds will be mobilized through Qualified Institutional Placements, with the government's stake expected to dilute by 4 per cent. The bank's growth has exceeded earlier projections, achieving 24 per cent growth compared to the initial 13-14 per cent target. Its third-quarter net profit soared 56.2 per cent to INR 1,365 crore, supported by lower bad loans and stronger core business. Total income and business volumes also rose significantly, reflecting a robust performance.Read more

18 Jan 2026

The Punjab government has reduced reserve prices for unsold Greater Mohali Area Development Authority (GMADA) properties by an average of 22% to encourage sales. The move covers residential plots, commercial spaces, industrial parcels, institutional land, and hotel sites that remained unsold despite repeated e-auctions over the past five years. A committee of independent valuers reviewed and recommended the revised prices, which will remain effective for a year, with provisions for further reductions if properties continue to remain unsold. The initiative aims to align prices with market realities and revive real estate activity in the region.Read more

18 Jan 2026

The Ghaziabad Development Authority (GDA) has reduced the interest rate on its residential properties from 10.7% to 8.7%, bringing it in line with the State Bank of India's home loan rates. The move follows a state government directive and comes after the authority kept rates unchanged since 2018. GDA has also reduced the penalty for delayed EMI payments from 3% to 2%. The revised rates are expected to improve affordability and help clear 1,748 unsold housing units across multiple income categories.Read more

18 Jan 2026

The Municipal Corporation of Gurugram (MCG) intensified its property tax collection efforts in the last one and a half months of the fiscal year, raising INR 30 crore. This helped the civic body exceed its earlier annual target of INR 275 crore, with total collections reaching around INR 295 crore. Over 410 notices were issued to defaulters, and 55 properties were sealed for non-payment. Officials are now focusing on commercial activities in residential zones to increase compliance. The drive highlights MCG's efforts to strengthen revenue collection and enforce tax discipline.Read more