04 Jan 2026

Tambaram City Municipal Corporation has revised property tax name transfer charges, moving from a market value based system to flat fees to simplify payments for property buyers. Residential transfers now cost INR 500, while commercial properties are charged INR 1,000. Previously, residents paid between INR 15,000 and INR 40,000 depending on property size and valuation. The change aligns Tambaram with Greater Chennai Corporation practices and follows a Tamil Nadu government directive standardising fees across urban local bodies. While the move reduces costs, some residents reported initial confusion regarding revised assessments and past dues.Read more

04 Jan 2026

Gross GST collections rose by 6.1 per cent to over INR 1.74 lakh crore last month, even as domestic revenue growth slowed following significant tax rate cuts. While domestic transactions saw limited growth, collections from imports increased sharply, helping support overall revenues. Net GST collections grew modestly after higher refunds, and cess collections declined due to structural changes. Experts noted that higher business volumes are offsetting lower tax rates, though several large and mid-sized states reported weak or negative growth in GST collections.Read more

04 Jan 2026

Silverstorm Parks and Resorts Limited has filed its draft prospectus with the BSE SME platform to raise funds through an initial public offering of up to 62,00,000 equity shares. The company plans to use the proceeds for developing a snow park and family entertainment centre in Lucknow, upgrading its existing theme park, repaying certain borrowings, and meeting general corporate needs. In FY25, Silverstorm reported consolidated revenue of INR 3,100.12 lakh and profit after tax of INR 971.07 lakh, with stable performance continuing in the current year.Read more

04 Jan 2026

India's residential real estate market is projected to grow steadily at 10-12% over the next two financial years, driven by lower home loan interest rates and improved affordability. ICRA's analysis indicates that growth will come from a 5-7% increase in sales volumes and a 4-6% rise in average prices. Premium and luxury housing continues to gain traction, while affordable and mid-income segments see reduced shares due to rising land and construction costs. Despite modestly higher inventory levels, developers financial health remains strong, supported by equity inflows and efficient project execution.Read more

04 Jan 2026

KEC International has announced new order wins worth INR 1,050 crore across its renewable energy, civil construction, transmission and distribution, and cables businesses. The renewables arm secured its first wind energy order for a 100+ MW Balance of Plant project in southern India. Civil works include an industrial project for a major steel player in western India, while transmission and cable orders span India and overseas markets. The company's total order intake for the year so far has reached INR 19,300 crore.Read more

03 Jan 2026

The Reserve Bank of India (RBI) has eased the proposed risk-weight framework for infrastructure loans given by non-banking financial companies (NBFCs) after consulting the industry. The definition of high-quality projects now includes those generating revenue from concessions or contracts awarded by central or state governments, public sector entities, or statutory bodies. Repayment thresholds for lower risk weights have been significantly reduced, helping NBFCs manage capital requirements. Key safeguards, including termination protection clauses, remain unchanged. The new norms will take effect from April next year, with optional early adoption available.Read more

03 Jan 2026

India's premium housing market experienced strong growth in 2025, with capital values rising by up to 36% across major cities, primarily driven by under construction projects. Mumbai, Noida, Gurugram, and Bengaluru recorded notable appreciation due to improved infrastructure, connectivity projects, and sustained end user demand. Completed homes also saw steady gains, while rental values increased sharply across urban centers due to limited supply. Luxury segments, especially in central and south Mumbai, and growth corridors in Bengaluru and Noida, attracted buyer attention. Analysts expect steady price growth to continue, supported by timely project delivery and evolving buyer preferences.Read more

03 Jan 2026

Adani Enterprises is set to return to the bond market next week, planning to raise INR 10 billion, or about USD 111 million, through a public bond issue. The fundraising includes a greenshoe option of INR 5 billion if demand remains strong. The flagship Adani Group company will offer bonds with two-, three-, and five-year maturities, with over a third reserved for retail investors. Annual coupons range from 8.60% to 8.90%, with options for quarterly or cumulative payouts. Rated AA- by CARE Ratings and ICRA, the issue opens on January 6. This marks Adani Enterprises third public bond offering in recent years.Read more

03 Jan 2026

Indian equities, which lagged global and regional markets in 2025 despite marking a tenth consecutive year of gains, are poised for a stronger 2026. Support from policy measures, expected corporate earnings growth, and attractive large-cap valuations underpin this outlook. Financials and auto sectors are set to benefit from rate cuts and demand growth, while IT and small-caps face continued pressure. Domestic inflows and macroeconomic stability have helped markets absorb record foreign outflows, setting the stage for more selective recovery and continued market polarization.Read more

Mumbai News Desk

03 Jan 2026

Mumbai's property market recorded a significant milestone as registrations in the municipal region rose 6 per cent over the last calendar year to 150,231 units, the highest level in 14 years. Data analysed by Knight Frank India showed strong performance within city limits, supported by steady end-user demand. Registrations in the final month of the year also increased sharply, with residential properties forming the bulk of transactions. The data covers both primary and secondary markets, reflecting broad-based housing activity across Mumbai.Read more