09 Apr 2026

The Reserve Bank of India has projected retail inflation at 4.6% for the current financial year, keeping it within the official target range. The central bank maintained the repo rate at 5.25% while highlighting growing global uncertainties, especially due to the West Asia conflict. Quarterly inflation is expected to vary between 4% and 5.2%, with risks emerging from energy prices and weather-related disruptions. While core inflation remains stable, supply-side pressures and geopolitical developments continue to pose challenges to the overall inflation outlook and economic stability.Read more

Mumbai News Desk

09 Apr 2026

Mumbai's real estate developers contributed INR 11,626 crore to the Brihanmumbai Municipal Corporation in FY26, surpassing property tax collections and becoming the civic body's largest revenue source. The growth was supported by strong redevelopment activity, higher premium payments, and increased use of floor space index across key micro-markets. Areas such as Bandra Jogeshwari and South Mumbai led collections. The trend reflects steady housing demand, rising project approvals, and the growing role of development-linked revenues in supporting municipal finances.Read more

09 Apr 2026

The Telangana State Industrial Infrastructure Corporation (TGIIC) will conduct an e-auction of over 15 acres of land in Osman Nagar on April 23. The offering includes two parcels of 10.09 acres and 5.72 acres, with a base price of INR 39 crore per acre. The land is part of a multi-use zone and is expected to attract strong interest due to its location near the Outer Ring Road and key IT hubs. The auction follows a postponed earlier plan and will help assess market demand for future phases.Read more

09 Apr 2026

Odisha recorded 7,037 flat registrations over the past three years, reflecting a gradual move towards formal housing transactions and improved compliance. Registrations peaked in 2024 with 4,712 units before dropping sharply to 593 in 2025 due to stricter verification and enforcement. The government linked the decline to tighter scrutiny of developers and documentation. Khurda district accounted for the majority of registrations, while several regions saw limited activity. Ongoing reforms, including digitisation of land records and enforcement of apartment laws, are expected to improve transparency and stabilise registrations going forward.Read more

Ghaziabad News Desk

08 Apr 2026

Property tax collection in Ghaziabad declined in the recent financial year, with the Ghaziabad Municipal Corporation collecting around INR 305 crore, lower than the previous year. Over one lakh property owners did not clear their dues, largely due to confusion around a proposed tax rate revision. Disagreement between civic authorities affected clarity on payable amounts, leading to delayed compliance. The drop in collections has impacted municipal revenues, which are essential for basic services. The civic body is now awaiting direction from the state government while planning steps to improve collections.Read more

08 Apr 2026

The land acquisition cost for the New Nagpur Business District project has risen beyond INR 4,000 crore, exceeding the initial estimate of INR 3,000 crore, as authorities near completion of negotiations with landowners. The project, spanning over 692 hectares in Hingna taluka near Nagpur, is being implemented by the Nagpur Metropolitan Region Development Authority (NMRDA) with NBCC (India) Ltd as consultant. Around 629.43 hectares of private land is being procured through direct purchase across Mouza Ladgaon and Mouza Godhani. Compensation terms, including higher payouts and developed plot allocations for farmers, are being finalised. The INR 11,300 crore project is planned as an International Business and Finance Centre aimed at supporting large-scale commercial development and employment generation.Read more

08 Apr 2026

Housing sales across eight major cities declined by 4 per cent year-on-year to 84,827 units in the January-March quarter, according to Knight Frank India. The drop was mainly due to rising property prices and cautious buyer sentiment influenced by global geopolitical tensions. While key markets such as Mumbai, Delhi-NCR and Pune saw a fall in demand, cities like Bengaluru, Hyderabad and Chennai recorded modest growth. New housing supply also declined slightly, indicating a broader market slowdown and growing affordability concerns after a strong multi-year growth phase.Read more

08 Apr 2026

The Competition Commission of India (CCI) has approved Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd (ABHFL) through its entity Indriya Ltd, as part of a INR 2,750 crore capital infusion approved earlier this year. Post-transaction, ABHFL is expected to be valued at around INR 19,250 crore. The regulator also cleared additional transactions, including Citrus Investment LLC's marginal stake increase in Hitachi Construction Machinery Co and Indus Infra Trust's acquisition of KNR Constructions road project SPVs. The approvals reflect continued institutional interest in housing finance and infrastructure assets, with regulatory oversight ensuring compliance for transactions exceeding prescribed thresholds.Read more

08 Apr 2026

WeWork India Management Ltd has secured more than 7 lakh sq ft of Grade A office space across Bengaluru, Hyderabad and Chennai as part of its ongoing expansion of flexible workspace offerings. The company has entered into five long-term lease agreements with multiple developers, including Embassy Office Parks and Phoenix Group Hyderabad, to establish five new centres, three of which will be located in Bengaluru. The planned facilities are expected to add approximately 12,000 desks to its portfolio, reflecting sustained demand from enterprises and high-growth firms for flexible office formats. The expansion strengthens the company's presence in southern markets and builds on its existing footprint of 73 centres covering 8.2 million sq ft across eight Indian cities as of December 2025.Read more

08 Apr 2026

Smartworks Coworking Spaces has leased 1,150 desks at its Navi Mumbai campus in Tata Intellion Park to a global digital business services and customer experience management firm, generating rental income of INR 51 crore. The client now occupies over 5,000 desks across Bengaluru, Kolkata, Hyderabad and Mumbai, with combined expected rental revenue exceeding INR 155 crore. The lease period and client name were not disclosed. Smartworks, which converts large commercial buildings into managed office campuses, operates 63 centres across 15 cities in India and Singapore, managing a total portfolio of 15.3 million sq ft. The expansion highlights growing demand for flexible, enterprise-focused office space across multiple Indian markets.Read more