Tripura CM Manik Saha stated that 95% of Agartala Smart City Mission work is complete, with the remaining projects to finish by May 2025. The project, worth INR 541.04 crore, includes 65 initiatives, with INR 490 crore coming from the Centre. Key ongoing works include airport road widening, lake revitalization and park development.

Greater Visakhapatnam Municipal Corporation’s (GVMC) property tax collection crossed INR 500 crore for the first time, reaching INR 510 crore in FY 2024-25—INR 56 crore more than the previous year. The shift to market-based tax calculations, tax net expansion, and stricter defaulter collections contributed to this record-breaking revenue.

Noida’s stamps and registration department collected INR 4,230 crore in FY 2024-25, an 18% YoY increase and the highest in a decade. Of 18,405 registered flats, 11,991 were from stalled projects. The rise is attributed to property registrations under UP’s zero-period waiver scheme for builders.

Over 2,630 real estate projects in Karnataka have missed deadlines, with Bengaluru accounting for 1,301 stalled projects. KRERA warned buyers about expired project registrations. While 1,007 projects await extension approvals, stakeholders are citing KRERA’s inefficacy in addressing complaints and protecting homebuyers.

Tripura is constructing its first G+14 high-rise administrative building in Gurkhabasti, featuring earthquake-resistant technology and green standards. Costing INR 133.89 crore, it integrates a pendulum-based base isolator tested in the US. Expected by December 2026, the 20,833 sqm complex will consolidate all directorate offices of the Tripura government.

The Union government is set to extend the Smart City project deadline in Thiruvananthapuram until December. Pending works include Palayam and Chalai market renovations, multi-level car parking, and Rajaji Nagar redevelopment. Additionally, Thiruvananthapuram will implement CITIIS 2.0 for climate-friendly urban development.

British house prices remained unchanged in March, with the market expected to stay subdued following a tax increase on property transactions. The government has lowered the threshold for stamp duty, prompting buyers to expedite purchases ahead of the change. Experts anticipate a temporary slowdown before recovery, aided by low unemployment, rising wages, and potential rate cuts by the Bank of England.

Australia’s property prices reached a record high in March, driven by improved buyer sentiment following the first interest rate cut in over four years. Prices rose by 0.4% month-on-month, with every major city except Hobart posting gains. However, experts remain uncertain whether this upward trend will persist due to affordability concerns.

Merino Shelters, a MAN Industries subsidiary, has partnered with Paradise Group to develop a 6-acre land parcel in Nerul, Navi Mumbai. Merino Shelters will receive an upfront payment of INR 70 crore and 30% RERA carpet area worth INR 650-700 crore.

Swiggy has received a tax assessment order demanding over INR 158 crore for April 2021-March 2022, citing alleged violations, including merchant cancellation charges. The company plans to challenge the order.

India-China relations saw renewed warmth as President Murmu and PM Modi exchanged messages with Xi Jinping and Li Qiang on 75 years of diplomatic ties. Foreign Secretary Misri stressed mutual respect and cooperation, citing the resumption of the Kailash Mansarovar Yatra. China pledged trade expansion, urging fair policies for businesses.

Mumbai's BMC collected a record INR 6,198 crore in property tax for FY 2024-25, nearly meeting its INR 6,200 crore target. The highest contribution came from G South ward (INR 624.50 crore), followed by K East (INR 526.64 crore) and K West (INR 504 crore). Fines totalled INR 178.39 crore.

Toll charges on Mumbai’s Bandra-Worli Sea Link will increase from April, with car tolls rising to INR 100 (from INR 85) and two-axle trucks to INR 210 (from INR 175). Monthly passes will cost 50 times the one-way toll. The revision, effective until March 31, 2027, follows a three-year freeze.

The Ghaziabad Municipal Corporation plans action against 94,920 property tax defaulters, with INR 40-45 crore yet to be recovered for FY 2024-25. Defaulters face a 12% interest penalty and possible property sealing. Meanwhile, the civic body has approved its highest-ever budget of INR 3,722 crore for infrastructure development.

India’s gross GST collection in March 2025 rose 9.9% year-on-year to INR 1.96 lakh crore, the second-highest ever. Domestic transaction revenue reached INR 1.49 lakh crore, while imports contributed INR 46,919 crore. Net GST revenue stood at INR 1.76 lakh crore post-refunds. Annual GST collection for FY 2024-25 totalled INR 22.08 lakh crore, reflecting a 9.4% rise.

Gauri Khan sold her 2,000 sq ft apartment in Kohinoor Altissimo, Dadar West, Mumbai, for INR 11.61 crore, marking a 37% appreciation. The apartment was purchased for INR 8.5 crore in August 2022.

Residents of Ridge Road, Malabar Hill, protested against strict ‘no parking’ enforcement, citing decades-long parking practices. Traffic police justified restrictions, citing congestion and VVIP movement. Officials noted increased vehicle numbers and suggested mechanical stack parking as a solution for residents' space constraints.

The latest USTR report highlights India's high tariffs and regulatory barriers across key sectors, including agriculture, pharmaceuticals, medical devices, and digital services. With an average applied MFN tariff of 17%—rising to 39% on agricultural products—the US asserts that India's trade policies remain among the most restrictive globally. The report also flags non-tariff measures like import bans, licensing requirements, and domestic testing mandates. While India has committed to removing the 6% equalisation levy on digital services, challenges persist in banking, insurance, e-commerce, and government procurement.

The Supreme Court has upheld Piramal Capital & Housing Finance’s resolution plan for Dewan Housing Finance Corporation Ltd (DHFL), overturning an earlier ruling by the National Company Law Appellate Tribunal (NCLAT). The apex court dismissed various appeals, including those from former promoter Kapil Wadhawan and fixed deposit holders, affirming that recoveries from avoidance transactions will be distributed between Piramal and the committee of creditors.

CIDCO has increased property transfer fees in Navi Mumbai by 5-10%, with flats in registered housing societies and commercial shops facing a 50% hike. The revised rates, effective 1 April, impact key areas like Vashi, Kharghar, and Panvel. CIDCO stated the increase aligns with market trends and infrastructure growth.

The Bombay High Court ruled that there are no restrictions on 24×7 convenience stores in Maharashtra, allowing a Pune store to operate round the clock. The court stated that such businesses enhance convenience, employment, and economic growth. It noted that police actions forcing closure by 10-11 pm were based on a misunderstanding, as no law imposes such restrictions.

Infra.Market’s venture debt investors, including Innoven Capital, Strides Ventures, and Trifecta Capital, are looking to sell a portion of their stake in a USD 30 million secondary transaction ahead of the company’s planned IPO. Kotak Mahindra Capital is managing the process, targeting ultra-high-net-worth individuals. The company, valued at USD 2.7 billion, plans to expand beyond construction materials into lifestyle products.

India's highway construction is projected to slow to approximately 7,000 km in FY25, marking a seven-year low. The Ministry of Road Transport and Highways (MoRTH) has set a target of 10,000–10,500 km, but around 3,000 km will be dedicated to strengthening existing roads rather than new highway capacity. This shift prioritises complex projects like high-lane expressways over rapid expansion.

The Oberoi Group will manage Wildflower Hall for three more months under an agreement with the Himachal Pradesh government after the March 31 deadline expired. The Supreme Court in February 2024 upheld the judgment of the High Court and asked the EIH to surrender the possession of the hotel to the government by March 2025. A consultant has been appointed for leasing documents.

Housing societies in Kharghar have urged CIDCO to halt new project approvals due to acute water shortages. The Kharghar Cooperative Housing Societies Federation reported a 30-50% water cut in 125 societies. With 200 high-rises under construction, residents fear further supply reduction. The current shortfall stands at 18 million litres per day.

The state urban development department (UDD) has reduced redevelopment premiums for buildings over 30 years old and under 18m in the airport funnel zone. Basic FSI is set at 1, with TDR options for height-restricted buildings. Extra FSI will cost 60% of the original premium.

Residents of Vasai-Virar continue to face water shortages despite repairs to the Surya Nagar Water Purification Centre’s transformer. Low water pressure persists, forcing reliance on expensive tankers. MMRDA and MSEDCL are working on a long-term solution. The Surya dam supplies 403 million litres per day (MLD) to the Vasai-Virar belt, but issues with the project have impacted supply.

India’s 12 major ports handled 855 mt of cargo in FY25, a 5% rise from 819.3 mt in FY24. Deendayal Port (Kandla, Gujarat) saw a 13.44% increase to 150 mt, while Paradip handled the largest volume at 150.4 mt. Eight major ports saw cargo traffic increase between 1–7%, while Mormugao and Syama Prasad Mookherjee Port (Kolkata Port) saw declines.

NHAI has increased toll charges by 4-5% on national highways and expressways, effective from 1 April. The revision, linked to wholesale price index-based inflation, affects 855 toll plazas, including Delhi-Meerut Expressway and Delhi-Jaipur Highway. Of these, 675 are public-funded, while 180 are concessionaire-operated plazas.

HBL Engineering shares surged over 11.5% on April 1 after the company confirmed receiving Letters of Acceptance for five contracts from Central Railway to supply the Kavach system, valued at INR 762.56 crore. These contracts will cover 413 stations and 3,900 km. The total value of Kavach contracts secured by the company this year reached INR 3,618 crore. The company also secured additional orders with the HBL-Shivakriti Consortium worth INR 499.68 crore for Kavach systems.

New housing supply in India’s top nine cities fell 34% to 80,774 units in Q1 2025, compared to 1,22,365 units in the same period last year, according to PropEquity. Bengaluru was the only city to see growth, with a 17% increase to 20,227 units. Other cities, including Mumbai, Pune, Chennai, Hyderabad, and Kolkata, witnessed declines ranging from 14% to 62%. The steepest drop was in Kolkata (62%), while Mumbai and Thane saw supply halve. Delhi-NCR reported a 14% decline.

The Supreme Court's deadline for demolishing illegal structures in Haryana's protected Aravalis ended on March 31. The Haryana government was granted a six-month extension in October 2024 to clear constructions violating the Punjab Land Preservation Act (PLPA) and Forest (Conservation) Act. Despite the court's ruling, illegal developments, including banquet halls, cow shelters, and commercial structures, continue in areas like Faridabad, Gurgaon, and Nuh.