01 Apr 2026

Rentomojo has filed draft papers with SEBI to raise INR 150 crore through a fresh issue, along with an offer for sale by existing investors. The company plans to use the proceeds mainly for debt repayment, warehouse-related expenses, and general corporate needs. It operates in 22 cities with a large subscriber base and holds a strong share in the organised rental market. The IPO also allows early investors to partially exit. The company has shown steady revenue growth and improved profitability ahead of its planned listing.Read more

Bangalore News Desk

01 Apr 2026

Property tax collections in Bengaluru have recorded a significant shortfall of around INR 2,652 crore against a target of INR 6,700 crore for the current financial year, with total realisation standing at approximately INR 4,047.7 crore. The gap persists despite stepped-up enforcement actions, including property attachments and auction proceedings. The shortfall reflects ongoing compliance challenges across the city's tax base of over 21 lakh properties. While some zones such as South and East Bengaluru have performed relatively better, others, particularly North Bengaluru, continue to lag. The newly formed Greater Bengaluru Authority (GBA) and its five corporations are expected to take direct responsibility for revenue mobilisation going forward, highlighting the critical role of property tax in sustaining urban infrastructure and municipal finances.Read more

01 Apr 2026

National Bank for Agriculture and Rural Development has released its State Focus Paper (SFP) for Arunachal Pradesh for 2026-27, projecting a total priority-sector credit potential of INR 3,723.49 crore. The document outlines sector-wise estimates covering agriculture, MSMEs, and other segments including housing and infrastructure. Of the total, INR 1,071.17 crore has been earmarked for agriculture and allied activities, while MSMEs account for INR 2,519.42 crore. The remaining INR 132.90 crore is allocated to sectors such as housing, renewable energy and social infrastructure. The report highlights the need for coordinated investment and financial inclusion to support balanced regional growth and improved access to credit in the state.Read more

31 Mar 2026

The Chandigarh administration is assessing whether to adopt a land pooling model or proceed with outright land acquisition for developing nearly 1,500 acres across 22 peripheral villages. While land pooling has been advocated by farmers as a participatory approach, officials have identified planning constraints under the Chandigarh Master Plan-2031 and challenges in assembling contiguous land parcels. Internal estimates indicate that outright acquisition could generate significantly higher revenues, with potential earnings of around INR 66,000 crore after development and auctions. In contrast, land pooling could reduce auctionable land and result in revenue shortfalls of up to INR 28,500 crore. The proposal remains under evaluation amid competing priorities of fiscal considerations, urban planning compliance and stakeholder expectations.Read more

Visakhapatnam News Desk

31 Mar 2026

The Greater Visakhapatnam Municipal Corporation has recorded property tax collections exceeding INR 510 crore for the ongoing financial year, surpassing the previous year's total of INR 500 crore with days remaining in the fiscal cycle. The civic body is aiming to reach INR 600 crore by the end of the month, supported by a state government initiative offering a 50% interest waiver on pending dues. Collection efforts have been driven by recovery of arrears, vacant land tax assessments and payments from large private entities. The milestone highlights improved revenue mobilisation by the municipal authority, which is responsible for urban governance and infrastructure services in Visakhapatnam.Read more

31 Mar 2026

ACS Technologies Ltd has won a contract worth INR 1.56 crore from Hindustan Aeronautics Limited (HAL) to deliver six rack integrated data centres, scheduled for completion by September 2026. The order is expected to enhance the company's revenue and strengthen its position in defence linked IT infrastructure. ACS has shown consistent financial growth, with revenue rising from INR 69 crore in FY23 to INR 127 crore in FY25 and net profits improving steadily. The deal highlights ACS's expanding presence in critical data centre solutions and public sector IT infrastructure.Read more

31 Mar 2026

Housing sales across India's top seven cities saw a 9 per cent annual rise, crossing 1.01 lakh units during the January-March quarter, supported by a low base from last year. However, on a sequential basis, sales declined 7 per cent due to global economic concerns linked to the West Asia conflict. The total value of sales also increased 6 per cent year-on-year to around INR 1.51 lakh crore but dropped compared to the previous quarter. Rising input costs and cautious investor sentiment, especially from overseas buyers, impacted overall momentum during the latter part of the quarter.Read more

31 Mar 2026

Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to 15,985 units in the January-March period, according to data from Anarock, reflecting subdued buyer sentiment linked to global geopolitical tensions in West Asia. However, sales rose 44 per cent year-on-year due to a low base. Across India's top seven cities, sales increased 9 per cent annually to 1,01,675 units, while declining 7 per cent sequentially. In value terms, sales reached INR 1.51 lakh crore, up 6 per cent year-on-year but lower than the previous quarter. The data indicates a short-term moderation in demand despite continued strength in underlying residential market fundamentals.Read more

Chennai News Desk

31 Mar 2026

The Chennai Port Authority has approved an Initial Public Offering (IPO) for its wholly owned subsidiary, Kamarajar Port Ltd, marking the first instance of a state-owned port in India entering public markets. The board also approved issuing bonus shares from Kamarajar Port's reserves of about INR 3,000 crore to protect the authority's interest. Funds from the IPO will be used to repay an outstanding INR 843 crore SBI loan and address a pension deficit of INR 2,582 crore. Earlier approvals from the Ministry of Ports and Kamarajar Port's board have paved the way for the listing.Read more

31 Mar 2026

The Telangana government has initiated a reallocation strategy to address more than 12,000 unoccupied double-bedroom housing units across Hyderabad and adjoining districts, following concerns over low occupancy despite high demand for affordable housing. Originally sanctioned under a previous administration, around 92,000 units were approved within Greater Hyderabad Municipal Corporation limits, of which 61,000 have been completed. While 23,500 houses were allotted before the 2023 elections, a significant share remains vacant due to location-related challenges. Beneficiaries have been issued notices to occupy homes within a revised deadline, failing which units will be reassigned to eligible applicants residing within a 5 km radius. The move aims to improve utilisation of public housing assets and refine future project planning.Read more