Mysuru City Corporation has achieved a record property tax collection of INR 150 crore during the financial year 2024-25. This milestone, driven by increased compliance and digitization of tax systems, marks a substantial improvement over previous years and reflects the civic body's efforts to bolster municipal revenue for better urban infrastructure and services.

Circle rates in Ayodhya are set to be revised upwards, potentially raising property prices for homebuyers and investors. The revision, prompted by a surge in demand and rapid development following the Ram temple inauguration, is expected to reflect the city's transformed real estate landscape and growing importance as a religious and investment destination.

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to acquire 5,000 acres of land to establish dedicated industrial zones for Japanese and Korean firms. The development, part of a larger plan to attract foreign investment and boost exports, will cater to electronics, auto, and tech industries along the expressway corridor.

Bengaluru's luxury villa rental market has witnessed a significant upsurge, driven by heightened interest from expatriates, high-net-worth individuals, and non-resident Indians. Prime locations such as Whitefield, Sarjapur Road, and North Bengaluru are experiencing increased demand, with monthly rents in select gated communities exceeding INR 5 lakh, reflecting the city's growing appeal for upscale residential living.

Lalithaa Jewellery Mart has filed for an INR 1,700 crore IPO, intending to open 12 new stores using fresh funds. A significant portion of the investment will go into acquiring commercial real estate, reinforcing retail presence in metro and Tier-II cities, and reflecting a growing trend of business expansion through property-backed retail growth.

The Uttar Pradesh government plans to construct a flat factory in Greater Noida's Sector 28 with an investment of INR 125 crore. Spearheaded by YEIDA, the facility will support MSMEs with ready-to-use industrial units and modern infrastructure, aiming to drive employment, attract investment, and contribute to the state's USD 1 trillion economy goal.

India's 26 major listed real estate companies recorded pre-sales of INR 1.62 lakh crore in FY25, led by Godrej Properties with nearly INR 30,000 crore. DLF and Macrotech Developers followed closely. The surge was driven largely by residential demand, especially for luxury homes, amid a growing preference for reputed developers with a strong execution track record.

TRAI has received applications from five agencies to be empanelled as Digital Connectivity Rating Agencies (DCRAs), as it prepares to roll out a star-based rating system for digital infrastructure in properties. The system, aimed at promoting strong in-building connectivity, will evaluate fiber readiness, mobile access, and Wi-Fi performance and apply to both new and existing buildings.

India Energy Storage Week 2025 in New Delhi is expected to attract more than INR 8,000 crore in investments for energy storage, EVs, and green hydrogen. With over 1,000 companies and global delegates participating, the event aims to boost India's position as a manufacturing hub and support cleantech innovation and foreign investment growth. Source - PTI

Artha Venture Fund I has invested INR 175 crore across 32 startups, delivering a 61% IRR's far exceeding the industry average. Its portfolio generated over INR 2,100 crore in revenues in FY25, with two ventures valued above USD 400 million. The fund is now shifting focus to follow-on rounds within its high-performing portfolio. Source - PTI

Saatvik Solar Industries has started building a 4 GW solar module manufacturing plant in Odisha, expanding its footprint in renewable energy. Alongside a 1 GW upgrade in Ambala, the company's total capacity will reach 8.80 GW by fiscal 2026. Saatvik is already a leading solar PV module manufacturer in India with 3.80 GW operational capacity. Source - PTI

Wockhardt's novel antibiotic Zaynich targets a USD 7 billion market in the US and Europe, with regulatory filings underway and launches planned by FY26-27. The drug aims to treat gram-negative infections, potentially benefiting 1.1 million patients in India. The company posted improved financials in FY25, reducing net loss and increasing revenue. Source - PTI

Over half of India's Global Capability Centres face talent retention challenges, driven by career growth and work-life balance issues. The sector sees high workforce mobility, particularly among early-career professionals. The report urges GCCs to focus on holistic employee engagement, career progression, and workplace culture to retain top talent and reduce attrition costs. Source - PTI

India plans to invest USD 20 billion in maritime infrastructure, enhancing port connectivity and trade via strategic corridors like IMEEC and EMC. The government is also developing Green Hydrogen Hub Ports to drive sustainable shipping. This investment supports India's goal to become a leading shipbuilding nation by 2047. Source - PTI

JSW Energy has commissioned a 281 MW renewable energy project in Maharashtra, comprising 215 MW solar and 66 MW wind capacity. This boosts the company's total wind capacity to 3,482 MW and solar capacity to 1,968 MW, with renewables now representing 55% of overall capacity. JSW also signed a 25-year PPA with Adani Electricity Mumbai for 250 MW wind power, targeting 30 GW capacity and carbon neutrality by 2050. Source - PTI

Coal India Ltd has signed a non-binding MoU with Indian Port Rail & Ropeway Corporation to develop rail infrastructure supporting its coal operations. This collaboration focuses on boosting rail evacuation capacity to enhance coal logistics. CIL produced 781.1 million tonnes in FY25 and targets 875 million tonnes in FY26, seeking improved transportation efficiency. Source - PTI

The Indian Renewable Energy Development Agency Ltd (IREDA) has fixed the floor price for its qualified institutional placement (QIP) at INR 173.83 per equity share to raise about INR 5,000 crore. Approved earlier this year, the QIP aims to attract institutional investors without diluting more than 7% of the company's post-issue equity. Proceeds will support green energy financing. The issue price may include a discount of up to 5%, with final pricing determined in consultation with lead managers. Source - PTI

GAIL's Dabhol LNG terminal in Maharashtra now operates year-round following a new breakwater that safeguards vessels during monsoon. This upgrade enables uninterrupted LNG imports, strengthening India's gas supply via key pipelines. Plans to expand capacity from 5 to 6.3 million tonnes per annum will further support the nation's target to boost natural gas use to 15% of the energy mix by 2030. Source - PTI

Larsen & Toubro plans to raise INR 500 crore through India's first ESG bond under SEBI's new framework. The bond funds environmental goals like reducing water use and emissions, supporting L&T's targets of water neutrality by 2035 and carbon neutrality by 2040. HSBC leads the deal, promoting sustainable growth aligned with global standards. Source - PTI

Kering is in exclusive talks with Ardian to sell a stake in its Fifth Avenue property, purchased for $963 million in January 2024. This strategic move aims to alleviate Kering's EUR 10.5 billion net debt, accumulated through recent high-profile real estate acquisitions. The company plans to raise over 2 billion through similar transactions by 2027.

Blackstone is competing to acquire the CityQuartier Trocadero, a landmark office building in Paris's 16th arrondissement, listed at EUR 700 million. The 444,000 sq ft property, featuring 57 luxury apartments and 98% occupancy, is owned by Germany's Union Investment. This potential deal signals a rebound in Europe's office market following pandemic-related downturns.

Unite Group has proposed acquiring Empiric Student Property for approximately EUR 719 million (USD 976 million). The offer includes 30 pence in cash and 0.09 new Unite shares per Empiric share, valuing each at 107 pence. The acquisition aims to enhance scale and student appeal, particularly in postgraduate accommodations. A due diligence period is underway, with a firm offer deadline set for July 3 .

Goa's TCP department has approved the conversion of over 1 lakh square meters of green land into residential zones, including a significant portion in Pernem's Parcem village. The decision, made after a public consultation, is contingent upon the resolution of ongoing legal challenges questioning the validity of Section 39A of the Goa Town and Country Planning Act.

The Navi Mumbai Municipal Corporation (NMMC) has flagged 527 buildings as structurally unsafe following a recent survey. Residents are urged to vacate these premises, as continued occupation poses significant risks. Buildings over 30 years old must undergo mandatory structural audits by September 30, 2025. Failure to comply may result in fines up to ?25,000 or the annual property tax amount, whichever is higher.

Goa's Chief Minister, Pramod Sawant, announced a new initiative to address coastal sand erosion, stressing its impact on tourism. The state is conducting a study to formulate a comprehensive erosion management plan. Sawant also emphasized the enforcement of the single-use plastic ban and the protection of coastal ecosystems to maintain Goa's environmental integrity.

The Odisha Real Estate Regulatory Authority (ORERA) has directed all registered developers to update project information on the newly launched ORERA 2.0 website. This includes details on construction milestones, booking statuses, and professional credentials. A 26-page user manual has been provided, with a deadline set for June 15, 2025. Failure to comply may affect regulatory processes and service delivery.

A Reuters poll of 15 analysts warns that while India's housing market remains stable with home prices expected to rise ~6% in 2025 and ~5% in 2026 demand is showing cracks. Luxury buyers are pulling back, and unsold premium inventory is rising. Urban consumption remains weak due to sluggish wages and unemployment. Meanwhile, rental prices may jump 5-9%, outpacing inflation.

A special court in Mumbai has dropped charges against Niranjan Hiranandani and co?accused in the INR?30,000?crore Powai land misuse case. The judge accepted the Maharashtra ACB's closure report, which found no evidence of corruption, dishonest intention, criminal conspiracy, or monetary gain. The court concluded that pursuing prosecution would not serve justice.

In a significant move, the Supreme Court has urged the Bombay High Court to accelerate the resolution of enduring landlord-tenant disputes. Highlighting a case pending since 2000, the apex court stressed the importance of timely justice, noting that extended litigations hinder landlords from enjoying their property rights and associated financial gains.

Ludhiana MC's probe reveals a property tax scam where receipts were tampered to show INR 50 lakh paid instead of the actual INR 28 lakh for dues totaling INR 82 lakh. A Zone 'C' staffer is under suspicion, claiming innocence and offering a narco test. FIRs are being recommended, and a vigilance inquiry has been requested.

Ujjain's Economic Offences Wing has filed an FIR against four developers for constructing unauthorized colonies without requisite approvals and failing to provide essential amenities. The developers also violated EWS housing norms, leading to government revenue loss and defrauding plot buyers. Both Gauri Nandan and Dashrath Nandan colonies lack completion certificates.

The Odisha High Court has dismissed a petition challenging LIC's re-auction of flats in Bhubaneswar's Jeevan Bima Nagar, initially allotted in 2014 but cancelled due to missing land records. The court ruled that LIC's decision to auction the flats at updated prices is lawful, citing urban development costs and legal changes over the past decade.