Mumbai News Desk

25 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has asked Mumbai Metropolitan Region Development Authority (MMRDA) and Maharashtra Housing and Area Development Authority (MHADA) to clear property tax dues of over INR 2,287 crore. A large portion of the dues comes from MMRDA's infrastructure assets, while MHADA's pending amount is linked to residential properties. The move comes as BMC strengthens collections before the financial year-end. With property tax now its main revenue source after octroi was removed, recovering such large dues has become important for maintaining civic finances.Read more

25 Mar 2026

Prime office markets across Europe are witnessing a supply shortage as new construction has declined to its lowest level in nearly a decade, even as demand and rents continue to rise. According to research by Cushman & Wakefield, space under construction stood at 10.1 million sq ft at the end of last year, the lowest since 2016. The shortage is being driven by high construction and financing costs, while occupier demand has strengthened with return-to-office trends. Prime office rents have recorded sustained growth, with limited availability forcing many occupiers to retain existing space. Geopolitical tensions and energy price volatility are expected to add further uncertainty to the sector's outlook.Read more

25 Mar 2026

Dredging Corporation of India (DCIL) is planning to scale up its operations and target a revenue of around INR 3,000 crore over the next five to six years. The company is expanding beyond its core port dredging business into new segments such as dams, reservoirs, and inland waterways. With a current topline of about INR 1,148 crore, DCIL is focusing on more tenders, partnerships, and large infrastructure projects. Growing government focus on port-led development and waterways is expected to support demand for dredging services.Read more

Pune News Desk

25 Mar 2026

Supreme Universal has announced an investment of approximately INR 1,500 crore to develop a residential project in Punawale, Pune. The project, named Supreme Rivana, will be executed over 12.6 acres under a joint development agreement and will have a development potential exceeding three million sq ft. It will comprise more than 2,200 apartments across multiple phases, targeting the mid-to-premium housing segment with 2BHK, 3BHK and 4BHK configurations. The phased construction approach aligns with demand in West Pune, a micro-market witnessing sustained residential activity driven by infrastructure growth and proximity to employment hubs.Read more

25 Mar 2026

The Government of India has announced the expansion of the SWAMIH Investment Fund under Budget 2026-27 with an allocation of INR 15,000 crore to support the completion of stalled housing projects. The initiative aims to provide relief to distressed homebuyers whose investments remain stuck and to improve overall confidence in the housing sector. As of earlier this year, the fund has committed investments across 148 projects and has already delivered over 63,000 homes. The scheme continues to function as a key financing mechanism for stressed residential developments across India.Read more

25 Mar 2026

Co-working operators are expanding rapidly into India's tier II cities as demand for managed office spaces increases among corporates. A report by Vestian highlights that over 575 flexible workspace centres have been established across 17 smaller cities, covering nearly 8.8-9 million sq ft. These cities now account for a significant share of India's flex space ecosystem, supported by cost advantages, infrastructure improvements, and growing enterprise interest. The trend reflects a shift in office space demand beyond metros, with global capability centres and companies exploring new locations for expansion and talent access.Read more

25 Mar 2026

The Reserve Bank of India injected INR 79,256 crore of transient liquidity into the banking system through an overnight variable rate repo (VRR) auction at a cut-off and weighted average rate of 5.26 per cent. The infusion came in lower than the notified INR 1 lakh crore despite a decline in surplus liquidity, mainly due to advance tax outflows. Liquidity in the system is currently estimated to be in deficit. The central bank has also conducted multiple VRR operations earlier this week to manage short-term liquidity conditions.Read more

Noida News Desk

25 Mar 2026

Onward Workspaces has leased about 1.65 lakh sq ft of office space to Accenture in Noida, reflecting rising demand for managed office solutions among large corporates. The space, located at Ace Capitol in Sector 132, spans eight floors and includes around 1,460 workstations. The facility was handed over earlier this month as a customised workspace. With this deal, Onward Workspaces total portfolio in Delhi-NCR has crossed 8 lakh sq ft. The transaction highlights continued leasing activity in Noida and growing preference for flexible workspace models.Read more

25 Mar 2026

Embassy Office Parks REIT is planning a significant expansion of around 12-13 million sq ft to strengthen its commercial real estate portfolio and improve long-term income stability. The strategy combines both acquisitions and in-house development, supported by a capital raise of about INR 9,800 crore in FY26. A portion of the pipeline is expected from its sponsor assets. The REIT is focusing on Grade A office properties with steady rental yields, aiming to enhance net operating income while maintaining a balanced and disciplined growth approach.Read more

25 Mar 2026

Madurai Corporation is implementing a digital system to improve property tax collection and urban services through better data and monitoring. The initiative includes DGPS-based asset mapping, real-time tax assessments, and automated notice generation. A centralised dashboard and upgraded command centre are being used to track services like sanitation and street lighting. The civic body has also integrated grievance redressal through a mobile app and web platform. These steps are aimed at improving transparency, reducing manual work, and ensuring faster service delivery across the city.Read more