A petition has been filed in the Punjab and Haryana High Court against the recent hike in property tax rates by the Chandigarh Municipal Corporation. The petitioner argues the tax increase was introduced without proper consultation or legal backing. The court has sought a reply from the civic body, putting a temporary hold on recovery proceedings until the next hearing.

The Delhi government has clarified that the responsibility to stop unauthorised construction lies with municipal bodies, not the urban development department. This follows a Delhi High Court directive urging accountability in checking illegal developments. Officials stressed that local authorities like MCD, DDA, and NDMC are empowered to act, with the state government only playing a supervisory role.

The Brihanmumbai Municipal Corporation (BMC) has started demolishing an unauthorised building in Dongri following an inspection that found violations of sanctioned plans. The structure lacked occupancy and commencement certificates. Despite issuing prior notices, the developer proceeded with construction. The demolition highlights BMC's intensified action against illegal structures in Mumbai under the Development Control and Promotion Regulations (DCPR) 2034.

Delhi Police is deploying drones to monitor under-construction buildings, aiming to detect structural violations and prevent disasters. Integrating drone footage with AI, they plan to create structural models for swift emergency responses. This initiative follows a recent building collapse that resulted in 11 fatalities, highlighting the need for proactive surveillance to ensure construction safety.

Adani Ports' recent restructuring of its Australian entity, Abbot Point, has been flagged as a related-party transaction. The move aims to streamline international operations and manage group-level liabilities. Analysts view it as part of the group's broader balance sheet management and international expansion plans.

Oberoi Realty reported robust Q4 performance, driven by new launches and steady sales in residential projects. The company continues to benefit from sustained demand in the premium housing segment. Its stock remains a key component in the Nifty Realty Index, reflecting positive investor sentiment.

Tankup Engineers SME IPO will open on April 23 with a price band set at INR 133 -140 per share. The company, which offers mobile fuel distribution services, aims to raise capital for expansion and working capital needs. The grey market premium (GMP) indicates strong investor interest ahead of the launch.

Swiss pharmaceutical major Roche plans to invest USD 50 billion in the US over the next decade. The move comes amid growing global tariff tensions and aims to bolster Roche's manufacturing and research capabilities in its largest market, signalling a long-term commitment despite trade-related headwinds.

Venture capital firm A91 Partners has raised USD 665 million in its third fund, aiming to invest in Indian startups across consumer, healthcare, financial services, and technology sectors. This brings the firm's total assets under management to over USD 1.5 billion, reinforcing strong investor interest in India's growing startup ecosystem.

The Telangana High Court has ruled that individuals accused under the NDPS Act cannot reclaim attached properties unless they prove the assets were acquired through legal income. A property worth INR 1.5 crore was denied release due to a lack of proof.

Actor Mahesh Babu has been summoned by the ED in a money laundering probe linked to Hyderabad-based real estate firms. The agency is investigating alleged financial irregularities and possible misuse of funds under the Prevention of Money Laundering Act.

India's real estate sector attracted USD 26.7 billion in equity inflows over the past three years, with Mumbai accounting for 44%. Commercial spaces, especially Grade A offices, and residential properties drew strong interest from global pension and sovereign funds.

DDA has asked residents of Signature View Apartments in Mukherjee Nagar to vacate flats marked unsafe for demolition. While 108 families remain, the April 19 deadline has passed. DDA offers INR 25,000 monthly rent for one year and INR 1.5 lakh as shifting aid.

Amazon has signed a lease agreement for 3.3 lakh sq ft of office space in New York's iconic Bryant Park. The tech giant is expanding its corporate footprint as part of its strategy to centralize operations and accommodate growing staffing requirements in the city's competitive office space market.

In Nayagaon, Mohali, authorities demolished several illegal constructions along Patiala Ki Rao. The action is part of the government's ongoing crackdown on unauthorized structures in the region, as part of efforts to maintain urban planning standards and ensure proper development in the area.

In a drive to reclaim green spaces, authorities in Gurugram's South City 1 area demolished three illegally built houses on land earmarked for a public park. The demolition follows complaints from residents about the encroachment and is part of an ongoing effort to protect green areas from illegal construction.

Chandigarh's residents associations have sought intervention from local MPs to address unresolved civic issues, including poor road conditions, water scarcity, and illegal construction. The associations have urged authorities to improve infrastructure and enforce building regulations more strictly to ensure better living standards in the city.

The Lucknow Development Authority (LDA) is offering up to INR 2 lakh discount on flats under its various housing schemes until June 30, 2025. The discount aims to promote homeownership among residents, and eligible buyers can apply through the LDA's official platform for properties across multiple localities in the city.

Sumadhura Group will invest INR 250 crore over four years in the Codename Uru housing project in South Bengaluru. The 3.25-acre development will include 297 homes across two towers, expected to generate INR 500 crore and complete by December 2029.

Arkade Developers saw an 11% growth in sales bookings for Q4 FY25, totaling INR 217 crore. With pre-sales reaching INR 773 crore, the company also recorded a 21.8% rise in collections. Operational efficiency and customer satisfaction contributed to a 22.7% increase in sales volume.

Landowners are urging the government to reconsider the GST levied on land contributions in joint development agreements. They argue the current tax structure leads to double taxation and reduces landowners share in projects. Industry experts support the call for clarity and relief to ensure smoother real estate collaborations.

Coworking firm Incuspaze has leased 2.5 lakh sq ft of office space in Chennai's Guindy area. The space will accommodate 5,000 seats, marking the company's expansion in South India. This move reflects growing demand for flexible workspaces among enterprises and startups in the region.

Anant Raj Ltd reported a 41.4% year-on-year increase in net profit for Q4 FY25, driven by strong demand in its luxury housing and commercial segments. Revenue also grew significantly, reflecting the company's robust performance and ongoing project execution across Delhi-NCR.

Trevoc Group will invest INR 200 crore to expand its real estate footprint in Haryana, particularly in Gurugram. The developer plans to launch a new luxury residential project and acquire more land parcels as part of its long-term growth strategy in North India.

Alternative Investment Funds (AIFs) have pumped INR 73,903 crore into Indian real estate during the first nine months of FY25, according to Anarock. Residential and commercial segments received the majority of funding, indicating strong institutional interest and confidence in the sector's growth trajectory.

Residents of Vijayawada have demanded that the Vijayawada Municipal Corporation (VMC) be upgraded to a Greater Vijayawada Municipal Corporation (GVMC). The appeal highlights the need for better infrastructure, expanded administrative reach, and increased funding to support the city's urban expansion and population growth.

Maharashtra Deputy CM assured action on stalled housing projects in Pimpri Chinchwad. The state plans to identify delayed developments and explore solutions to help homebuyers and revive construction. The announcement follows rising complaints from residents and developers regarding regulatory and financial hurdles.

Residents of BPTP Park Serene in Gurugram have opposed the builder's revised layout plan, alleging violations of RERA rules. The changes include an increased number of units, reduced green areas, and altered amenities, sparking concerns over livability and transparency in the project's execution.

Actor Akshay Kumar has sold a commercial office unit in Mumbai's Andheri West for INR 8 crore. The 1,128 sq ft space was located in the Signature Building, Veera Desai Road. The deal was registered on April 15, reflecting continued investor interest in high-value commercial assets.

Banks have sought RBI's review after being instructed to increase risk weights on loans to NBFCs with high exposure to the real estate sector. The new 150% risk weight requirement may affect lending patterns and capital requirements, prompting discussions between banks and the regulator.

The RBI has introduced a 2.5% additional run-off factor on digital deposits to address liquidity risks. This applies to deposits mobilised through third-party fintech platforms and will impact banks liquidity coverage ratios. The move aims to strengthen the financial system amid growing digital banking activity.

LG Electronics India is expected to submit its revised Draft Red Herring Prospectus to SEBI early next month. The IPO will allow partial exit for the parent company and is anticipated to be among the biggest consumer electronics listings in India. The valuation may exceed INR 50,000 crore.