24 Jan 2026

The Bhubaneswar Municipal Corporation (BMC) plans to collect around INR 72 crore in holding tax from buildings on land owned by the Odisha Industrial Infrastructure Development Corporation (IDCO) in the current fiscal year. The collection, beginning in early February, follows government approval last year to levy tax on these previously exempt properties. Educational institutions account for nearly INR 32 crore of the total dues. BMC calculates holding tax based on land value and building cost, while past compliance drives and resident welfare associations have supported the civic body's efforts to improve tax collections.Read more

24 Jan 2026

India Accelerator has partnered with International Real Estate Partners (IREP) to launch IREPworkspaces, a managed office platform with an investment of INR 100 crore to be deployed over 18 months. The venture plans to develop nearly nine lakh sq ft of office space across key NCR commercial corridors, including Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. Initially, 12-15 centres will be established offering around 15,000 seats. IREP will provide global operational expertise, while India Accelerator will leverage its network to drive market access for startups, mid-sized firms, and enterprises.Read more

Nagpur News Desk

24 Jan 2026

Nagpur district received the highest allocation from Maharashtra's recent urban infrastructure fund, amounting to over INR 72 crore from the total INR 381 crore earmarked statewide. This represents more than 85% of Vidarbha's share under the Centre-backed capital investment scheme for 2025-26. The funds will be used for development plan (DP) roads, cement concrete roads with sewer lines, and connectivity corridors linking residential and industrial areas. Other Vidarbha districts, including Yavatmal, Gondia, and Akola, received smaller allocations for civic works. The resolution emphasizes strict execution, audits, and timely reporting by local authorities.Read more

24 Jan 2026

Poonawalla Finance has obtained approval from the National Company Law Tribunal (NCLT) to demerge its lending and real estate operations. Under the scheme, the NBFC will continue its core lending business, while commercial real estate leasing and related assets will move to two new entities, Rising Sun Holdings and Synergist Realtors. The plan was deemed fair and compliant with laws, with no objections from shareholders, creditors, or regulators.Read more

23 Jan 2026

TVS Emerald, the real estate arm of the TVS Group, has raised INR 425 crore in equity funding from the International Finance Corporation (IFC) to support its upcoming residential developments and future project pipeline. The investment will primarily be used to develop two housing projects in Chennai and Bengaluru, both slated for launch in the next financial year, with additional capital allocated for new residential projects over the following two years. The company plans to invest around INR 136 crore in its Chennai project and approximately INR 103 crore in the Bengaluru development. Together, the two projects are expected to generate a combined revenue potential of about INR 4,400 crore. TVS Emerald currently has a strong presence in Chennai and Bengaluru, with over 6 million sq ft of residential space delivered and more than 9 million sq ft under development.Read more

23 Jan 2026

BigBloc Construction Ltd reported a sharp improvement in its financial performance during the December quarter of FY26, with consolidated net profit rising threefold on the back of higher revenues and improved capacity utilisation. The AAC blocks, bricks, and ALC panels manufacturer recorded a 28.1% year-on-year increase in consolidated revenue to INR 72.81 crore for the quarter, compared with INR 56.82 crore in the year-ago period. Net profit rose to INR 48.91 lakh from INR 15.28 lakh a year earlier. The company attributed the growth to stronger order inflows, higher execution across its facilities, and a recovery in demand conditions. Improved capacity utilisation and a rise in sales volumes further supported profitability during the quarter under review.Read more

23 Jan 2026

PNB Housing Finance shares declined 10 per cent in the previous session, hitting the lower circuit on both NSE and BSE, even as broader markets traded higher. The fall followed the company's December-quarter results, which failed to meet investor expectations. The housing finance company reported an almost 8 per cent rise in net profit to INR 520.35 crore, supported by higher interest income of INR 2,019.39 crore. However, concerns around performance outlook and market expectations weighed on investor sentiment.Read more

23 Jan 2026

DLF Ltd has reported a 14% year-on-year increase in its consolidated net profit for the December quarter of FY26, supported by a sharp rise in total income. The country's largest listed real estate developer posted a net profit of INR 1,203.36 crore for the October-December period, compared with INR 1,058.73 crore in the corresponding quarter of the previous financial year. Total income for the quarter rose to INR 2,479.54 crore, up from INR 1,737.47 crore a year earlier, reflecting improved operational performance across its core business segments. DLF is engaged in the development of residential, office, and retail assets and continues to remain a key bellwether for India's organised real estate sector. The latest quarterly results highlight stable profitability amid a market that has seen selective demand and tighter capital discipline.Read more

23 Jan 2026

Industry body NAREDCO has called on the Union government to introduce targeted policy measures for the real estate sector in the forthcoming Budget, including a sharp increase in the home loan interest deduction limit and the grant of industry status. The association has sought a rise in the interest deduction cap for self-occupied homes to INR 5 lakh from the current INR 2 lakh, alongside a revision in the definition of affordable housing. It has proposed that homes priced up to INR 75-80 lakh be classified as affordable, instead of the existing INR 45 lakh threshold. NAREDCO said these steps would support housing demand, particularly in the affordable and mid-income segments. The body also highlighted the need to promote rental housing through fiscal incentives, citing low rental yields that deter private developers from investing in rental-led projects.Read more

23 Jan 2026

Major Wall Street banks are holding discussions with the Trump administration to influence emerging policy proposals aimed at reducing the cost of living in the United States, even as they raise concerns over the effectiveness of several headline measures. Bank executives have pushed back against ideas such as capping credit card interest rates, warning of potential disruptions to credit availability, while offering alternative suggestions focused on retirement savings, intergenerational wealth transfer and housing supply. The engagement reflects broader efforts by the financial sector to steer policy outcomes ahead of the US mid-term elections, with affordability remaining a critical voter issue. However, industry sources caution that most proposals under discussion are unlikely to deliver immediate relief, particularly in housing, where structural supply constraints continue to exert upward pressure on prices despite easing inflation.Read more