Delhi News Desk

2 hours ago

The New Delhi Municipal Council is working on a property tax reform that may reduce tax liability by 30% to 50%, especially for older and self-occupied properties. The proposed shift to the Unit Area Method aims to bring uniformity, reduce disputes, and simplify calculations. The plan also includes lowering the maximum tax rate and enabling self-assessment. While traders have welcomed the relief, they have raised concerns about implementation. The civic body expects better compliance to support revenue despite lower rates.Read more

6 hours ago

The Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the 2026-27 financial year, maintaining property valuation benchmarks across the state. The decision, announced by state minister Chandrashekhar Bawankule under the leadership of Chief Minister Devendra Fadnavis, comes amid global economic uncertainties and rising construction costs. RR rates directly influence stamp duty calculations and property pricing, making the move significant for both developers and homebuyers. The government's stance follows industry representations, including inputs from CREDAI, and is expected to support demand stability, maintain affordability, and prevent disruptions in transaction volumes, particularly in price-sensitive urban markets such as Mumbai and the Mumbai Metropolitan Region.Read more

03 Apr 2026

Inox Clean Energy has completed the acquisition of Vibrant Energy at an enterprise value of INR 5,000 crore, strengthening its position in India's renewable energy sector. The deal was closed within four months despite challenging global M&A conditions. Vibrant brings a diversified portfolio of 1,337 MW across multiple states and long-term power purchase agreements with leading global and domestic companies. The acquisition supports Inox Clean's strategy to expand its integrated renewable platform and move towards its target of achieving 10 GW installed independent power producer capacity by FY28.Read more

03 Apr 2026

Real estate developers in Thane have responded positively to the Maharashtra government's decision to keep ready reckoner (RR) rates unchanged. The move is expected to support market stability at a time of global economic uncertainty linked to the West Asia crisis. Industry bodies believe stable RR rates will help maintain buyer sentiment, improve transaction activity, and allow developers to plan pricing without additional cost pressure. The government had earlier considered increasing RR rates by 12-14 per cent but decided against it, keeping in mind current economic conditions and their impact on the property market.Read more

Bangalore News Desk

03 Apr 2026

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

03 Apr 2026

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

03 Apr 2026

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

03 Apr 2026

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

03 Apr 2026

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

03 Apr 2026

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