09 Mar 2026

State-owned National Highways Authority of India-backed Raajmarg Infra Investment Trust has announced a price band of INR 99 to INR 100 per unit for its INR 6,000 crore Initial Public Offering. The InvIT issue is scheduled to open for subscription on March 11 and close on March 13, while bidding for anchor investors will take place on March 10. The public issue aims to attract wider investor participation in national highway infrastructure while helping monetise highway assets. The investment manager for the trust is Raajmarg Infra Investment Managers Pvt. Ltd., which includes participation from several leading banks and financial institutions.Read more

09 Mar 2026

Nagpur Municipal Corporation's action against commercial property tax defaulters has covered only a small portion of the total outstanding dues. Out of around INR 190 crore pending from over 2,000 non-residential properties, warrants have been issued in just 359 cases, accounting for roughly 11.7% of arrears. A large share of high-value defaulters owing more than INR 5 lakh each remains outside strict recovery measures. With over INR 167 crore still untouched by warrant proceedings, concerns have emerged over the effectiveness of enforcement efforts.Read more

08 Mar 2026

Office leasing across 11 key Asia Pacific markets reached 9.8 million square metres (105.5 million sq ft) in 2025, reflecting an 11% year-on-year increase, according to Colliers. India emerged as the region's dominant market, accounting for 68% of total leasing activity and 55% of new office supply. Mainland China and Japan also contributed significantly to regional demand, while markets such as the Philippines, New Zealand and Hong Kong recorded sharp growth from lower bases. New office supply rose 19% year-on-year to 9.6 million square metres, led by India, Mainland China and Singapore. Institutional investments in the office segment climbed 21% to USD 58.6 billion in 2025, highlighting continued investor interest across the Asia Pacific region.Read more

Bangalore News Desk

08 Mar 2026

Embassy Office Parks REIT has expanded its commercial portfolio by acquiring the Pinehurst office building in Bengaluru's Embassy GolfLinks Business Park for INR 852 crore. The acquisition was completed through the purchase of Eleanor Realty Holdings India, which owns the asset. The Grade-A property spans about 0.3 million sq ft and is fully leased to a global investment firm. The transaction was executed at a price below the average of two independent valuations. The deal also marks a notable third-party acquisition in India's REIT market and strengthens Embassy REIT's presence in a key office micro-market.Read more

08 Mar 2026

BPTP Capital City, a Grade-A commercial development located in Sector 94, Noida, has received multiple recognised sustainability certifications, including LEED v4.1 O&M Platinum, IGBC Platinum and WELL Core Platinum. Developed by BPTP, the project comprises around 790,000 sq ft of office and mixed-use space and is positioned close to key transport infrastructure, including the Okhla Bird Sanctuary Metro Station, located roughly 300 metres away. The certifications recognise the development's compliance with established global and national benchmarks on energy efficiency, water management, indoor environmental quality and occupant well-being. BPTP said the project has been planned in alignment with sustainability-oriented development practices and operational standards. Capital City currently accommodates corporate occupiers from sectors such as technology, financial services, manufacturing and education, alongside food and beverage and flexible workspace operators.Read more

07 Mar 2026

The Maharashtra government has abolished the non-agricultural (NA) tax applicable to urban housing societies and announced a complete waiver of pending dues, including arrears, penalties, and interest. The decision was announced in the state assembly by Revenue Minister Chandrashekhar Bawankule. The move is expected to provide relief to thousands of apartment owners across cities in the state. Along with removing the annual tax, the government has introduced a revised framework for land conversion charges under the amended Maharashtra Land Revenue Act, replacing the recurring levy with a rationalised one-time premium structure linked to Ready Reckoner rates.Read more

07 Mar 2026

The Nashik Municipal Corporation has expanded its property tax base by bringing nearly 30,000 additional properties under assessment during the current financial year. With these additions, the number of taxable properties in the city has crossed six lakh. Civic officials said the properties were identified through surveys and verification drives conducted across municipal limits. Taxes are now being levied on these units as part of the city's regular property tax system. The move is expected to improve municipal revenue while ensuring that previously unregistered or unassessed properties contribute to the funding of civic infrastructure and services.Read more

07 Mar 2026

Mumbai recorded its strongest February performance in over a decade in 2026, with 13,029 property registrations logged within the Brihanmumbai Municipal Corporation limits, generating stamp duty revenue of more than INR 1,134 crore, according to data released by Knight Frank India. Registrations rose 8 per cent year-on-year, while stamp duty collections increased by a sharper 21 per cent, reflecting a clear shift towards higher-value residential transactions. Homes accounted for close to 80 per cent of all registrations. The share of properties priced above INR 5 crore and in the INR 2-5 crore bracket expanded, while the sub-INR 1 crore segment declined. Industry participants said the data points to sustained end-user demand, rising purchasing power and an upgrade cycle driven by preferences for better connectivity, amenities and long-term value.Read more

06 Mar 2026

State-owned Bank of Baroda has raised INR 10,000 crore through the issuance of long-term green infrastructure bonds, marking the first such domestic issuance by an Indian bank. The seven-year bonds were issued via the Electronic Debt Bidding platform of the National Stock Exchange of India and attracted bids worth INR 16,415 crore against a base issue size of INR 5,000 crore, prompting the bank to exercise a green shoe option of an additional INR 5,000 crore. The bonds were priced at a cut-off coupon of 7.10 per cent despite volatile market conditions. Proceeds from the issuance will be deployed towards eligible green projects, including renewable energy and environmentally sustainable infrastructure, in line with the bank's green financing framework and regulatory guidelines.Read more

Pune News Desk

06 Mar 2026

Prime Offices Fund (PRIME), managed by Nuvama Asset Management and Cushman & Wakefield Management, has acquired a 51% stake in a 1.1 million sq ft Grade A+ office development in Pune's Kharadi micro-market. The remaining 49% continues to be held by Singapore-based Keppel. The deal value is estimated at around INR 1,000 crore. With this transaction, PRIME's total portfolio has expanded to nearly 3.8 million sq ft across Delhi NCR, Chennai and now Pune, marking its entry into a key technology-driven office market.Read more