06 Apr 2026

Navi Mumbai Municipal Corporation has recorded its highest-ever annual water tax collection of INR 112 crore in FY26, reflecting improved revenue mobilisation and citizen compliance. The achievement, covering the period from April 2025 to March 2026, has been attributed to structured recovery drives, increased use of digital payment systems and sustained outreach initiatives. Civic authorities highlighted the role of technology-enabled billing, extended payment facilities and targeted follow-ups in boosting collections. The milestone marks a significant improvement in municipal revenue performance, with officials emphasising transparency and ease of payment as key drivers behind the increase in collections.Read more

06 Apr 2026

Sobha Ltd has reported an 11% year-on-year increase in quarterly sales bookings to INR 2,039.3 crore in Q4 FY26, supported by steady demand across residential projects. For the full financial year, the developer achieved its highest-ever pre-sales of INR 8,135.9 crore, marking significant growth over the previous year. Bengaluru remained the largest contributor, accounting for 55% of total sales, followed by Delhi-NCR and Kerala. The company also recorded substantial project launches and completions during the year, reflecting sustained momentum in the housing sector despite global uncertainties affecting broader economic conditions.Read more

Bangalore News Desk

06 Apr 2026

BHIVE Workspace has leased approximately 1.4 lakh sq ft of office space at Phoenix Asia Towers in Hebbal, marking its entry into north Bengaluru's commercial real estate market. The facility, with a seating capacity of over 2,600 professionals, will offer a mix of co-working, managed offices, and enterprise suites. The transaction is part of the company's broader expansion strategy, which includes adding nearly 1 million sq ft of capacity in 2026 with an investment of around INR 250-300 crore. The deal also represents BHIVE's first collaboration with The Phoenix Mills Limited and reflects growing demand for large-format flexible workspaces in emerging business districts of Bengaluru.Read more

06 Apr 2026

Sohan Lal Commodity Management (SLCM), an agri-warehousing and logistics company, has initiated the process for its initial public offering by filing draft papers through Sebi's confidential route. This approach allows early regulatory feedback without public disclosure and has been increasingly used by companies seeking flexibility amid changing market conditions. SLCM operates in technology-driven agricultural storage and logistics, serving a wide range of stakeholders across India and Myanmar. The company has handled over 1,300 agricultural commodities so far, highlighting its scale and presence in the agriculture supply chain.Read more

06 Apr 2026

Property tax collections across key urban local bodies in Telangana recorded an unprecedented spike in the past week, crossing INR 100 crore in a single day. The surge was driven by intensified enforcement measures, including sealing of high-value commercial properties, issuance of notices, and targeted compliance campaigns. Revenues, which typically ranged between INR 3 crore and INR 5 crore per day, rose sharply to INR 20 crore, INR 50 crore, and eventually surpassed INR 100 crore within a few days. The collections were supported by an ongoing one-time settlement scheme aimed at clearing arrears. Cumulative collections have reached approximately INR 2,500 crore, with civic authorities expecting the upward trend to continue alongside early payment incentives for the upcoming financial cycle.Read more

Gurugram News Desk

06 Apr 2026

The Municipal Corporation of Gurugram (MCG) has recorded property tax collections exceeding INR 350 crore for the financial year ending recently, alongside INR 56 crore from water bills. The surge was driven by last-day payments, extended working hours at civic centres, and improved digital and offline payment systems. Officials facilitated collections even on a holiday, witnessing high taxpayer participation. For the upcoming financial year, the civic body has set a property tax revenue target of around INR 325 crore, reflecting an increase over earlier projections. Authorities have also introduced stricter enforcement measures, including an 18% annual interest on unpaid dues, and are leveraging technology such as artificial intelligence to identify defaulters and improve compliance.Read more

06 Apr 2026

Delhi's property tax collections surged by 46 per cent in FY26, reaching INR 3,116.62 crore, driven by better compliance, enforcement, and the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme. The number of taxpayers increased by nearly 20 per cent, while first-time contributors under SUNIYO added INR 448.89 crore. Use of third-party data helped map over 48,000 previously unassessed properties, generating additional revenue. Collections from residential and non-residential properties under the amnesty scheme totaled INR 1,236.03 crore, indicating a broader tax base and improved civic revenue mobilisation.Read more

Noida News Desk

05 Apr 2026

Noida's stamp and registration department has reported its highest revenue in a decade, collecting approximately INR 4,498.7 crore in the financial year ending recently, achieving 87% of its INR 5,180 crore target. The increase was supported by a series of state government incentives, including stamp duty rebates for women, reduced charges on rental agreements, and concessional rates for intra-family property transfers. However, total property registrations declined to around 1.6 lakh units from 1.7 lakh in the previous year. The data indicates a divergence between revenue growth and transaction volumes, with a higher share of registrations occurring under concessional categories and larger-value properties contributing to overall collections.Read more

05 Apr 2026

Ranchi Municipal Corporation has recorded its highest-ever tax collection of about INR 108 crore, showing a steady rise in revenue performance. The growth has been driven by better compliance, digital payment systems, and stricter recovery from defaulters. Collections came from holding tax, water charges, and trade licence fees. Over the past few years, the civic body has focused on improving its financial systems and expanding the tax base. The higher revenue is expected to support infrastructure works and improve delivery of basic civic services across the city.Read more

Mumbai News Desk

05 Apr 2026

Mumbai's civic body reported its highest-ever property tax collection for FY 2025-26, reaching INR 7,610.9 crore and surpassing its revised target. Andheri East's K-East ward emerged as the top contributor, followed by key commercial and residential hubs like Lower Parel and Andheri West. Western suburbs continued to dominate collections, while a strong push in enforcement, digital payments, and recovery drives supported the overall performance. A significant share also came from penalties and last-day payments, showing improved compliance but also dependence on delayed settlements.Read more