The Ahmedabad Municipal Corporation (AMC) has sealed 1,850 properties in the western region over property tax defaults, recovering INR 2.3 crore. Additionally, 3,928 notices were issued to defaulters, warning of water and sewerage disconnections. In the southwest zone, 232 properties were sealed, and two establishments were shut for public littering.

The Enforcement Directorate (ED) has summoned Ajay Sharma, the power of attorney holder, regarding 41 illegal buildings in Agarwal Nagri, Vasai East. These structures, built on reserved land, were demolished based on a Supreme Court order, displacing 2,500 families. The ED is investigating the land acquisition process.

The Goa Directorate of Panchayats has instructed village panchayats to identify and act against illegal constructions following a High Court order. Issued on March 19, the directive categorises unauthorized structures and aims to enforce regulations, particularly in commercial zones and paddy fields, to protect Goa’s environment.

The Pune Municipal Corporation (PMC) has collected INR 449 crore in property tax from 34 newly merged areas despite a state directive to halt recovery. The government had suggested charging residents only twice the amount paid under Gram Panchayats, but due to a lack of further clarification, PMC continues levying taxes as per existing practices.

The Kanpur Municipal Corporation (KMC) sealed nine establishments in Naveen Market due to unpaid rents totaling INR 10.17 lakh. Despite multiple notices, the shopkeepers failed to clear their dues. The shops were unsealed later the same day after the defaulters settled their outstanding amounts.

The Ulhasnagar Municipal Corporation (UMC) has identified the city's top 100 property tax defaulters, including politicians and builders. Despite the Abhay Yojana scheme offering penalty waivers, many have not cleared dues. With INR 833.30 crore in arrears, UMC warns of property seizures and auctions if payments remain pending.

Around 3.49 lakh property owners in Bengaluru have defaulted on property tax payments, owing INR 390 crore to BBMP. Among them, 1.73 lakh are chronic defaulters. BBMP has collected INR 4,604 crore for 2024-25, achieving 88.36% of its INR 5,210 crore target.

The Goa Budget 2025-26 outlines a new housing policy to provide affordable homes for Goans. Key measures include restructuring the TCP department, assessing urban growth capacity, and easing infrastructure tax payments for builders. An amnesty scheme for property transfers and INR 5 crore for slum redevelopment have also been announced.

Bharti Airtel and its subsidiary Bharti Hexacom have prepaid INR 5,985 crore in high-cost spectrum liabilities to the government. Additionally, Airtel’s subsidiary Network i2i has voluntarily redeemed USD 1 billion in perpetual debt securities. The move is aimed at reducing financial costs and strengthening the company’s balance sheet.

Global investment firm KKR plans to offload up to a 10.2% stake in JB Chemicals & Pharmaceuticals Ltd via a block deal, pricing shares at INR 1,708.75 each. The sale, estimated at INR 1,000 crore, aligns with KKR’s strategy to partially exit its 54% stake in the pharmaceutical company.

Maruti Suzuki has announced a INR 7,410 crore investment to establish a third plant at its Kharkhoda facility in Haryana, boosting annual production capacity by 250,000 vehicles to 750,000 by 2029. This expansion aims to meet rising domestic and international demand, complementing its existing plants in Haryana and Gujarat.

The Uttar Pradesh government plans a 20% increase in Noida's circle rates for the upcoming fiscal year, the first revision since 2016. Properties in Jewar may see a 70% hike due to the upcoming Noida International Airport. A draft valuation list is open for feedback until April 5.

The Maharashtra government has ruled that stilt parking height will no longer count towards permissible building height under Navi Mumbai’s 12.5% scheme. This change, aimed at easing redevelopment restrictions, will be incorporated into the Unified Development Control and Promotion Regulations (UDCPR) to accelerate projects benefiting project-affected persons (PAPs).

Sanjeev Agarwal, CEO of global pharma firm Althera, has purchased three luxury apartments in Raheja Modern Vivarea, Mahalaxmi, South Mumbai, for INR 72.65 crore. The acquisitions, made in two phases, span over 8,100 sq ft and include seven parking spaces.

The Adani Group has submitted an Expression of Interest (EOI) to acquire Jaiprakash Associates Ltd (JAL) amid its insolvency proceedings. With outstanding loans of INR 55,493.43 crore, JAL's acquisition must be considered as a whole, as per NCLT directives, rather than splitting its diverse business segments.

Ports Minister Nitesh Rane’s request to transfer 70 hectares of reclaimed land from Mumbai’s Coastal Road project to the Maharashtra Maritime Board has sparked controversy. Critics argued public land should serve civic needs. Following backlash, Rane withdrew the request, but concerns persist over potential monetisation benefiting private developers over citizens.

The Maharashtra government plans to introduce a policy promoting iconic buildings in Mumbai. Deputy CM Eknath Shinde stated that historic British-era structures define the city’s identity. The initiative aims to boost tourism, with amendments under the Maharashtra Regional Town Planning Act proposed to ease development restrictions and facilitate such constructions.

Mumbai’s first elevated nature trail at Malabar Hill is set to open in early April after four years of development. Spanning 900 metres, it connects Nepean Sea Road to Hanging Gardens. Built for INR 6 crore, the project faced delays due to monsoons and permissions.

Larsen & Toubro (L&T) has secured its largest offshore hydrocarbon contract, exceeding INR 15,000 crore, from QatarEnergy LNG. The project, part of the North Field Production Sustainability Offshore Compression initiative, involves engineering, procurement, fabrication, installation, and commissioning of offshore platforms.

National Highways Infra Trust (NHIT), an InvIT established by NHAI, has completed its fourth fundraising round at an enterprise value of INR 18,380 crore, marking the largest monetisation deal in India's roads sector. NHIT raised INR 8,340 crore in unit capital and INR 10,040 crore in debt to acquire key highway stretches.

The Bombay High Court has directed the Mumbai suburban district collector to expedite the demolition of unauthorised structures around Chhatrapati Shivaji Maharaj International Airport (CSMIA) that violate height restrictions. The court also instructed the Director General of Civil Aviation (DGCA) to resolve pending appeals within four weeks before action is taken.

Navbharat Mega Developers Private Limited (NMDPL), the special purpose vehicle (SPV) formed by the Maharashtra government and Adani Group for the Dharavi redevelopment project, is set to release 10 to 12.5 million sq ft of properties annually upon completion. The SPV plans to monetise the project through a mix of direct property sales and transferable development rights (TDR), balancing both approaches based on market conditions.

Maharashtra Chief Minister Devendra Fadnavis assured that ineligible tenants in the Dharavi redevelopment project will receive rental housing for 12 years, after which tenements will be transferred to them. Dismissing Opposition concerns, he reaffirmed the government's commitment to housing for all and a fair, inclusive redevelopment process in Dharavi.

Mumbai’s Gokhale Bridge is set to reopen on May 15, marking a major infrastructure milestone. Originally built in 1975, it partially collapsed in 2018 and was demolished in 2022. The INR 232 crore reconstruction faced multiple delays and alignment concerns, but is now nearing completion.

The Mumbai Metropolitan Region Development Authority (MMRDA) is fast-tracking the Mumbai Metro Line 14 project, a 38 km corridor linking Kanjurmarg to Badlapur. A tender has been issued for an environmental impact report and necessary approvals. Construction is expected to begin within a year, easing Badlapur commuters' long travel times.

Wipro has secured a GBP 500 million, 10-year strategic contract with Phoenix Group, the UK's largest long-term savings and retirement business. Under this deal, Wipro will provide life and pension administration services for ReAssure, supporting Phoenix Group’s operational transformation.

The Surat civic body received 82 complaints regarding illegal commercial constructions in 2023-24, removing 71 structures while action continues on others. Meanwhile, 46 FIRs were filed against individuals extorting property owners over unauthorised structures.

Warehouse REIT is reviewing Blackstone Europe LLP’s final all-cash takeover bid, valuing it at GBP 489 million. The 115 pence-per-share offer marks a 4% increase from the previous bid and a 39.6% premium over its February 28 closing price. Sixth Street Partners has exited the bidding process.

The Maharashtra government will launch the ‘Live 7/12’ campaign statewide from April 1 to update land title records, focusing on inheritance documentation. Piloted in Buldhana’s Chikhli from March 1, the initiative aims to resolve agricultural transaction issues for heirs. The campaign targets completion within one-and-a-half months.

Indore leads Madhya Pradesh in green building footprints, with 478.3 million sq ft of sustainable projects, followed by Bhopal and Ujjain, according to IGBC. The city has 170 certified green buildings, integrating energy efficiency, renewable energy, and smart urban infrastructure.

UK homebuilder Bellway reported a 12% rise in half-year profit to GBP 150.2 million, driven by lower mortgage rates and improved consumer confidence. The company reaffirmed its target of building 8,500 homes by July 31, with a 13% increase in private home bookings. Bellway also raised its interim dividend to 21p per share.

Building materials major Holcim's North American spin-off, Amrize, is targeting 8-11% annual EBITDA growth and 5-8% sales growth through 2028. The listing, expected by mid-2025, aims for a USD 30 billion valuation. Amrize remains North America's largest cement manufacturer, with over 1,000 sites and 19,000 employees.