20 Jan 2026

The Uttar Pradesh government has raised development charges for construction projects across more than 30 key cities, including Lucknow, Kanpur, Ghaziabad, Agra, and Varanasi. The hike ranges from a minimum of 50% to nearly 90% in some areas, reflecting rising construction costs, taxes, and inflation. The revised fees must be paid upfront before starting any civil works. Officials said the updated charges, not revised for about a decade, are intended to boost the housing authorities revenue and fund urban infrastructure development.Read more

19 Jan 2026

Bengaluru's Greater Bengaluru Authority has launched an extensive door-to-door survey to identify property owners evading taxes by misreporting property details. Covering 369 wards across the city, surveyors are collecting geo-tagged data, photographs, property dimensions, usage type, and floor details using a mobile application. The information will be cross-verified with satellite imagery and tax records. Notices are being issued to defaulters to recover unpaid taxes. The initiative aims to address a 15% decline in property tax collections and strengthen compliance under the self-assessment scheme, impacting nearly 22 lakh properties in the city.Read more

19 Jan 2026

Puravankara Limited delivered a robust performance in the third quarter of FY26, reporting a 17 per cent year-on-year growth in pre-sales, supported by sustained demand and improved price realisations. The Bengaluru-based real estate developer achieved pre-sales of INR 1,414 crore during the quarter, while customer collections rose sharply, reflecting healthy cash flows and buyer confidence. Over the first nine months of FY26, the company significantly expanded its development pipeline through strategic land acquisitions, redevelopment projects and joint ventures across Bengaluru and Mumbai, with a total estimated gross development value of nearly INR 13,900 crore. Despite some moderation in residential demand during the quarter, Puravankara's focus on high-demand micro-markets, disciplined execution and portfolio expansion helped it maintain growth momentum and strengthen its market position.Read more

19 Jan 2026

Ajmera Realty & Infra India reported sales of INR 1,431 crore in the first nine months of FY26, marking a 72% year-on-year increase. The company saw strong momentum in the third quarter, with bookings of around INR 603 crore and collections of about INR 333 crore. Total collections for the nine-month period stood at nearly INR 787 crore, while sales volume rose to approximately 5.56 lakh sq ft. The performance keeps the developer on track to exceed its full-year guidance of INR 1,600 crore.Read more

19 Jan 2026

The Lucknow Municipal Corporation (LMC) has intensified its house tax recovery drive across several city zones to collect long-pending dues from residential, commercial, and institutional property owners. Enforcement teams sealed and attached multiple properties, leading to on-the-spot collections in some cases. Officials stated that property tax is a key revenue source for maintaining civic services and warned that strict action would continue against defaulters. The drive follows similar measures taken in the past against major public and private entities with large outstanding amounts.Read more

19 Jan 2026

Executive Centre India has received approval from the Securities and Exchange Board of India to proceed with its proposed initial public offering aimed at raising INR 2,600 crore. The IPO will consist entirely of a fresh issue of equity shares, with no offer for sale by existing shareholders. The company plans to use the proceeds mainly to invest in its overseas subsidiaries and for general corporate purposes. Operating across multiple international markets, Executive Centre India has shown steady growth, supported by rising demand for premium flexible office spaces.Read more

19 Jan 2026

The Delhi Development Authority's Karmayogi Awaas Yojana 2025 witnessed strong demand as nearly 60 per cent of the 684 flats were booked within the first 24 hours of launch. The initial bookings are expected to generate around INR 450 crore in revenue. One BHK units were almost fully sold on the first day, while two BHK flats contributed the most to early revenue. Officials attribute the response to improved infrastructure, upcoming transit links, and the area's growing appeal for government employees. Bookings remain open until the end of March.Read more

19 Jan 2026

LTIMindtree has been awarded a seven-year contract worth around INR 3,000 crore by the Central Board of Direct Taxes to develop an AI-powered system for upgrading India's national tax analytics platform. The project, known as Insight 2.0, aims to modernise tax data analysis and provide real-time insights to policymakers. The initiative supports the government's ongoing efforts to strengthen tax administration through advanced technology, improved data processing, and enhanced decision-making capabilities within the income tax framework.Read more

19 Jan 2026

Smartworks Coworking Spaces Ltd posted a consolidated profit of 12.4 million INR for the December quarter, with revenue from operations totaling 4.72 billion INR. The results underscore the company's steady performance in the flexible workspace segment, supported by growing demand from startups and corporates. Smartworks has focused on maximizing occupancy and operational efficiency across its centers. Its expansion strategy in tier-1 cities and tailored office solutions continues to reinforce its presence in the competitive coworking market, maintaining both growth and profitability.Read more

19 Jan 2026

Godrej Properties achieved robust growth in residential sales bookings, with the third-quarter figure hitting INR 8,421 crore, up 55 per cent year-on-year. The company recorded INR 24,008 crore in bookings during the first nine months of the fiscal. In 2025, it sold properties worth INR 34,171 crore, becoming India's largest listed residential developer for the second consecutive year. Sales were spread across major regions, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad. The company consistently maintained over INR 7,000 crore in bookings each quarter, reflecting strong demand for quality homes.Read more