08 Apr 2026

Smartworks Coworking Spaces has leased 1,150 desks at its Navi Mumbai campus in Tata Intellion Park to a global digital business services and customer experience management firm, generating rental income of INR 51 crore. The client now occupies over 5,000 desks across Bengaluru, Kolkata, Hyderabad and Mumbai, with combined expected rental revenue exceeding INR 155 crore. The lease period and client name were not disclosed. Smartworks, which converts large commercial buildings into managed office campuses, operates 63 centres across 15 cities in India and Singapore, managing a total portfolio of 15.3 million sq ft. The expansion highlights growing demand for flexible, enterprise-focused office space across multiple Indian markets.Read more

08 Apr 2026

The Chandigarh Administration's Estate Office has identified around 25 government-owned properties for auction by the end of April as part of a broader plan to monetise nearly 1,000 vacant assets across the city during the current financial year. The shortlisted assets include a mix of residential, commercial and institutional sites, with most residential plots to be offered on a freehold basis. The administration is targeting revenue of INR 200-250 crore in the first quarter and over INR 1,000 crore for the full year. The move is aimed at improving utilisation of public land, ensuring legally clear titles, and introducing a structured, recurring auction mechanism through monthly e-auctions.Read more

Gurugram News Desk

08 Apr 2026

Gurugram has revised circle rates for FY27 with increases ranging between 15% and 30% in most areas, while select high-growth locations have seen hikes of up to 75%. The revision aims to align government property values with prevailing market rates and improve transparency in transactions. Around 51% of areas have seen no change, while nearly 11% recorded the highest increase. Key corridors like Dwarka Expressway witnessed sharp revisions due to strong infrastructure growth. The move is expected to increase stamp duty and registration costs for property buyers.Read more

08 Apr 2026

India's Real Estate Investment Trust (REIT) market is witnessing sustained growth, with performance indicators placing it ahead of several Asian peers, according to a recent report by ANAROCK. Released at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen, the report highlights nearly 9% five-year returns and distribution yields of 5-6%. The sector has been supported by high occupancy levels above 90% and growing leasing share, alongside regulatory backing and tax efficiency. The introduction of Small and Medium REITs is expected to unlock INR 67,000-71,000 crore in assets. With only 32% of REIT-suitable stock currently listed, the report identifies significant expansion potential across asset classes.Read more

Patna News Desk

08 Apr 2026

Patna Municipal Corporation reported a record property tax collection of INR 125 crore in FY 2025-26, crossing its target and showing steady growth over previous years. The increase was supported by stricter enforcement, a one-time settlement scheme with penalty waivers, and expansion of the tax base through surveys. Around 2.45 lakh properties were covered under tax collection, improving compliance. The civic body also strengthened monitoring and recovery efforts, while total municipal revenue stood at nearly INR 250 crore from multiple sources.Read more

Visakhapatnam News Desk

07 Apr 2026

The Greater Visakhapatnam Municipal Corporation recorded its highest-ever property and vacant land tax collection of around INR 620 crore in FY 2025-26, exceeding its target of INR 600 crore. The growth of about 22 per cent over the previous year was supported by new property assessments, revision of high-value properties, and improved recovery efforts. Incentives such as early payment rebates and interest waivers also boosted collections. Strong performance during key months and better administrative monitoring helped the civic body maintain steady revenue throughout the year.Read more

07 Apr 2026

The Nashik Municipal Corporation has recorded its highest-ever property tax collection at INR 287 crore in the financial year 2025-26, reflecting a 10 percent increase over the previous year. The growth was supported by amnesty schemes, early payment rebates, and improved recovery of pending dues. Key divisions like Cidco and Panchavati contributed a major share. The civic body also expanded its tax base by adding new properties, helping improve overall compliance and strengthen revenue performance.Read more

07 Apr 2026

The Varanasi Development Authority (VDA) has approved an INR 2,866.20 crore budget for the financial year 2026-27, marking a significant increase over the previous year. Operational income is estimated at INR 2,070.61 crore and expenditure at INR 2,069 crore. Major revenue sources include land sales and compensation, while expenditure is focused on township development, infrastructure, and administrative projects. Compensation under schemes like Madhni, Ganjari, and Kallipur will total around INR 1,700 crore, supporting major residential and integrated development projects under the Mukhyamantri Shahri Vistarikaran Yojana.Read more

07 Apr 2026

The Reserve Bank's Monetary Policy Committee (MPC) is set to announce its first bi-monthly review of the fiscal year after a three-day meeting. Analysts expect the central bank to maintain the current benchmark lending rate, balancing retail inflation trends and global uncertainties. While domestic inflation is nearing the RBI's 4% target, rising crude prices and a weaker rupee pose upward risks. Experts note that the MPC will monitor liquidity, financial stability, and capital flows closely. The RBI's cautious approach reflects a focus on flexibility amid volatile global and domestic conditions.Read more

07 Apr 2026

Foreign firms drove India's office leasing to record levels in the January-March quarter, with 9.1 million sq ft leased for Global Capability Centres, marking the highest quarterly figure ever. Total gross leasing across the nine top cities rose 5 per cent to 20.7 million sq ft. Demand spans multiple sectors, including technology, BFSI, and e-commerce, and is led by both Fortune 500 companies and smaller GCCs. American companies contributed 73 per cent of leasing. Bengaluru, Delhi-NCR, and Mumbai together accounted for 67 per cent of total leasing, and demand is expected to remain strong through 2026.Read more