12 hours ago

The New Delhi Municipal Council (NDMC) has announced a 10 per cent rebate on property tax payments for the financial year 2026-27 for taxpayers who clear their dues on or before June 30. The concession applies to properties within the NDMC jurisdiction and is aimed at encouraging early tax compliance and improving revenue collection. Property owners can avail themselves of the rebate through the council’s online property tax portal and other authorised payment channels. The incentive continues a policy adopted by the civic body in recent years to promote timely payments and strengthen municipal finances. The announcement comes amid ongoing changes to the property tax framework in the NDMC area, including efforts to introduce a more uniform assessment mechanism.Read more

15 hours ago

The newly elected Municipal Corporation of Panchkula is set to deliberate on a proposal for property tax relief alongside a series of sanitation and civic improvement measures during its first General House meeting. The agenda reflects the corporation’s focus on addressing public concerns related to taxation and urban cleanliness while strengthening municipal services. The proposed tax waiver is expected to provide relief to property owners, though its financial implications for municipal revenues will also be assessed. The meeting comes as Panchkula intensifies efforts to improve its sanitation infrastructure and performance under national cleanliness rankings, with several waste management, public sanitation and civic maintenance initiatives already underway across the city.Read more

16 Jun 2026

Andhra Pradesh Chief Minister N Chandrababu Naidu has invited venture capitalists and startup investors to explore business opportunities in the state, highlighting its growing industrial base, policy support and innovation-driven ecosystem. Speaking at a roundtable during his ongoing visit to Singapore, he said the state is focused on strengthening manufacturing, technology and entrepreneurship through structured initiatives like the Ratan Tata Innovation Hub and land pooling model. He also outlined Andhra Pradesh’s efforts in natural farming, education partnerships and industrial development, while engaging with global investors to expand cooperation across key sectors.Read more

16 Jun 2026

• Around 5.40 lakh housing units are scheduled for delivery in 2026 across India’s top seven cities, marking the highest completion pipeline in over a decade, according to ANAROCK Research.
• The Mumbai Metropolitan Region and Pune together account for nearly 57% of total expected deliveries, highlighting strong concentration in Maharashtra’s residential market.
• While the outlook reflects robust project completions and steady housing demand, developers may face execution challenges from global geopolitical tensions, supply chain disruptions, and rising construction costs.Read more

16 Jun 2026

• Housing societies across Pimpri-Chinchwad have opposed PCMC's move to levy property tax on common amenities such as clubhouses, swimming pools, libraries and society offices.
• Several residential complexes have received tax demands ranging from around INR 1 lakh to over INR 5 lakh, triggering concerns among residents.
• Societies argue that homeowners already pay property tax on individual flats and bear the cost of maintaining common facilities through monthly charges.
• PCMC has clarified that the levy is not new and follows a citywide assessment drive that identified previously unassessed amenity spaces.
• Resident groups and housing federations have termed the move an additional financial burden and have questioned its fairness.Read more

15 Jun 2026

Residents within the New Delhi Municipal Council (NDMC) jurisdiction are likely to come under a uniform property tax regime in the coming weeks as the civic body prepares to implement a revised assessment framework based entirely on the Unit Area Method (UAM). The move follows amendments to the NDMC Act, 1994, under the Jan Vishwas (Amendment of Provisions) Bill, 2026. NDMC has completed technical preparations, updated its online property tax platform and approved the required bye-laws. The reform will replace the decades-old rateable value assessment system still applicable to a small section of properties and bring all properties under a single taxation framework. Officials said the change is intended to improve transparency, reduce disputes and create a more predictable method of calculating property tax for property owners in the NDMC area.Read more

Nagpur News Desk

15 Jun 2026

• The Maharashtra government plans to introduce plot-wise Ready Reckoner (RR) rates in Nagpur through a micro-zoning model over the next two years.
• The new system aims to reflect the actual market value of individual plots instead of assigning uniform rates across larger areas.
• Officials believe the initiative will improve transparency in property valuation and reduce disparities in stamp duty assessments.
• The move could serve as a pilot model for more scientific and data-driven real estate valuation across the state.Read more

15 Jun 2026

California-headquartered workforce and technology solutions provider Tryfacta Inc has filed draft papers with the International Financial Services Centres Authority (IFSCA) for a proposed USD 100-150 million initial public offering (IPO) on the exchanges at GIFT City, Gujarat. The offering comprises a fresh issue of up to 13.3 million equity shares and an offer for sale of up to 3 million shares by shareholder Ratika Tyagi. Upon listing, Tryfacta is expected to become the first US-headquartered company to list its equity shares in India through the GIFT City framework. The company plans to use the proceeds for debt repayment, acquisitions, strategic investments and general corporate purposes. The proposed listing underscores GIFT City's growing role as an international financial centre attracting global companies seeking access to capital markets.Read more

Vriti Gothi

15 Jun 2026

India's REIT market has grown more than sixfold since the country's first listing in 2019, with market capitalisation rising from INR 264 billion in FY20 to nearly INR 1.6 trillion in FY25 and assets under management expanding to 174 million sq ft. Yet, despite this rapid growth, India accounts for less than 1% of the global REIT market and has an institutionalisation rate of just 20%, compared with 96% in the US. Yet despite rapid growth, India remains a small player in the global REIT landscape. The question now is whether a new regulatory framework for SM REITs can help broaden participation and bring a much larger pool of commercial real estate into the listed investment universe.Read more

15 Jun 2026

• Prime Securities' group company, Prime Litmus Investment Management Ltd, has launched the Prime Litmus Real Estate Opportunities Fund with a target corpus of INR 750 crore and a greenshoe option of INR 250 crore.
• The Category II Alternative Investment Fund (AIF) will focus on structured credit investments in under-construction real estate projects across MMR, NCR, Bengaluru, Chennai, Hyderabad and Pune.
• The fund will primarily invest in self-liquidating projects backed by established developers, with an emphasis on strong cash-flow visibility and security structures.
• It aims to deliver annual returns of 18-20 per cent through conservative underwriting and active asset management practices.
• The fund has been launched through a joint venture between Prime Research and Advisory Ltd, a subsidiary of Prime Securities, and Litmus Global Services LLP.Read more