08 Dec 2025

Nashik Municipal Corporation collected INR 196 crore in property tax over the past eight months, showing an 8% rise from the INR 181 crore collected during the same period last year. Cidco contributed the highest share, followed by Panchavati, Nashik East, Nashik West, Nashik Road and Satpur. The civic body has covered 71% of its full-year target of INR 275 crore. The rise is linked to early-payment rebates and an amnesty scheme for defaulters. Despite this progress, around INR 400 crore in pending dues still remain.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

08 Dec 2025

Chhattisgarh has approved INR 429.45 crore for 26 urban infrastructure projects across 13 municipal corporations under the first phase of the Mukhyamantri Nagarotthan Yojana. The funding covers a wide set of works, including lake development, marine-drive expansion, new bus terminals, road upgrades, park creation, water-supply improvement and mobility corridors. Raipur, Raigarh and Bilaspur received the highest allocations. Work orders and foundation-stone activities have already begun for several projects. The state has also set up district-level monitoring committees to supervise progress and maintain quality.Read more

07 Dec 2025

Karnataka has increased the expenditure for the Invest Karnataka 2025 summit to INR 100.70 crore to cover additional infrastructure and investor support requirements. The government will release INR 25.70 crore under the 2025-26 Export and Trade Promotion scheme to meet pending and extra costs. The state has also approved RGUHS's plan to set up advanced skill labs in six cities at INR 452.89 crore, funded entirely by the university. Additionally, 19 new Morarji Desai Residential Schools will be built at INR 304 crore, while plans for land acquisition in Bengaluru Rural have been dropped after public protests.Read more

07 Dec 2025

The Bhanupalli-Bilaspur-Beri rail project in Himachal Pradesh has been halted because the state government has not released its committed INR 1,843 crore share. The central government has already spent INR 5,252 crore and completed most land acquisition, but further construction cannot proceed without the state's contribution. The Ministry of Railways recently conveyed that this delay also affects progress on the planned Bilaspur-Manali-Leh strategic rail corridor. Related projects in the region, including parts of the Nangal Dam-Talwara-Mukerian line, are also facing delays due to pending state support.Read more

07 Dec 2025

Park Medi World is entering the public markets with a Rs 920 crore IPO, valuing the hospital chain at INR 7,000 crore. The offering includes fresh shares and an OFS by promoter Ajit Gupta, with proceeds aimed at debt repayment, hospital expansion, medical equipment, and potential acquisitions. The hospital chain, the second largest in North India and the largest in Haryana, has grown its bed capacity to 3,250 and is undertaking major expansion projects across Ambala, Panchkula, and Rohtak. The IPO structure reserves shares for institutional, retail, and non-institutional investors.Read more

07 Dec 2025

Ludhiana Municipal Corporation sealed six buildings this week across Malhar Road, BRS Nagar, Ferozepur Road and Dugri Road, including a hotel, after owners failed to clear outstanding civic dues and were found with unauthorised constructions. Officials said prior notices had been ignored, prompting the action as part of a wider crackdown on illegal structures and unpaid charges such as change-of-land-use fees. The MC warned that any construction without approved building plans will face sealing or demolition and urged residents to regularise deviations. The drive follows earlier notices to unsafe and non-compliant buildings and will continue as the corporation steps up enforcement for safer, planned urban development.Read more

06 Dec 2025

The Supreme Court has ruled that leasing a residential property to a company that uses it as a hostel for students or working professionals does not attract GST. Upholding a Karnataka High Court decision, the Court said GST exemption depends on the property's actual use for long-term residential accommodation, not on whether the lessee personally lives there. The case involved a Bengaluru property leased to D Twelve Spaces Pvt Ltd, where earlier AAR and AAAR rulings had denied exemption. The Court noted that taxing such leases would burden students with higher costs and goes against the intent of the residential exemption. The judgment offers clarity and relief for property owners and hostel operators.Read more

05 Dec 2025

Mindspace Business Parks REIT has raised INR 12 billion through a three-year bond issue carrying a 6.96% quarterly coupon, drawing strong interest from banks and institutional investors. The REIT's latest fundraising comes as credit markets remain favourable for high-quality issuers. Rated Crisil AAA, the bonds include a base size and a greenshoe option, depending on demand. Market participants said the tenor and pricing made the deal competitive among the day's offerings. The successful issuance highlights Mindspace REIT's ability to secure efficient financing despite a cautious lending environment, further strengthening its position in the commercial real estate debt market.Read more

05 Dec 2025

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.25 per cent, aiming to support economic growth, which reached a six-quarter high of 8.2 per cent in the second quarter. The decision follows a period of historically low retail inflation, which fell to 0.25 per cent in October. The move is expected to make housing, auto, and commercial loans more affordable. Despite concerns over the rupee hitting record lows against the dollar, the central bank has raised its GDP growth projection for the year to 7.3 per cent.Read more