Mumbai News Desk

11 Jan 2026

The Nashik Municipal Corporation has successfully collected INR 66 crore in property tax arrears through a recently concluded amnesty scheme, raising its total property tax collections for the year to INR 208 crore. Around 86,000 property owners settled outstanding dues and benefited from penalty rebates totaling INR 22 crore, with waiver rates ranging from 85% to 95%. Despite a temporary slowdown in recovery due to staff being assigned election duties, officials remain confident of achieving the full-year target of INR 275 crore by intensifying follow-up actions and recovery drives.Read more

11 Jan 2026

India's office real estate market achieved a historic milestone in 2025, with leasing activity reaching an all-time high of 82.6 million sq ft across nine major cities. This marked the third consecutive year of record absorption, driven by sustained demand from both domestic and multinational occupiers. Technology companies and BFSI players remained the primary drivers, while Global Capability Centres (GCCs) continued to expand their footprint, reinforcing India's position as a preferred global operations hub. Despite global geopolitical and economic uncertainties, strong market fundamentals, improving occupancies and rising institutional participation supported steady growth. Looking ahead, GCC-led demand and gradual expansion into tier-II cities are expected to shape the next phase of office market growth.Read more

11 Jan 2026

The Kaziranga elevated corridor project in Assam is set to move into the construction phase with the Prime Minister scheduled to lay its foundation later this month. The project involves upgrading the Kaliabor Numaligarh section of NH-715 at an estimated cost of over INR 6,000 crore. A key component is a 34.5-km elevated stretch through Kaziranga National Park aimed at reducing wildlife fatalities and improving traffic flow. The plan also includes four-laning, bypasses, and improved connectivity to airports and railway stations, supporting safer travel and regional economic activity.Read more

11 Jan 2026

Global demand for prime residential real estate is increasingly being shaped by health, wellbeing and intentional living, as affluent buyers reassess what long-term value truly means. Rather than focusing solely on asset appreciation, buyers are seeking homes that deliver space, privacy, security and a deeper sense of purpose. Lifestyle quality, access to nature and environments that support physical, mental and emotional wellbeing are now central to purchasing decisions, particularly for second homes. Portugal, especially the Algarve region, has emerged as a preferred destination due to its high quality of life, strong connectivity and serene natural settings. Developments that combine thoughtful design, wellness infrastructure and long-term asset durability are resonating strongly with buyers seeking meaningful, experience-led living.Read more

11 Jan 2026

The Jaipur Municipal Corporation intensified its UD tax recovery efforts in Murlipura, attaching five properties after owners failed to pay outstanding dues. Following the action, property owners promptly cleared around INR 8 lakh using a government waiver on interest and penalties, showing the effectiveness of the enforcement and incentive scheme. In addition, two marriage halls were sealed for not paying registration fees. The move highlights the civic body's ongoing strategy to ensure timely tax collection, maintain municipal revenue, and reinforce compliance with regulations while safeguarding transparency and accountability in urban administration.Read more

10 Jan 2026

North Eastern Railway has reported an improvement in freight performance in the ongoing financial year, with earnings crossing INR 360 crore up to the third quarter. Freight loading stood at 3.247 million tonnes by December, reflecting a year-on-year growth of nearly 7%. December alone contributed over INR 37 crore in revenue. The railway zone attributed the increase to improved facilities for freight customers and focused efforts by business development teams. The performance indicates consistent progress in freight operations across the zone during the current fiscal.Read more

10 Jan 2026

DRA Homes has entered into a strategic partnership with Yubi to establish an INR 250 crore secured debt platform aimed at strengthening its residential land acquisition pipeline. Structured through secured non-convertible debentures, the platform reflects a growing shift among organised developers towards non-dilutive, asset-backed financing to support disciplined expansion. The initiative enables DRA Homes to access diversified capital through a transparent, technology-led framework, while offering investors structured exposure to residential real estate credit with defined security and predictable risk-adjusted returns. As residential developers increasingly prioritise balance-sheet discipline and governance, such capital market aligned structures are emerging as a preferred route to fund early-stage growth while aligning long-term developer and investor interests.Read more

Mumbai News Desk

10 Jan 2026

Wipro Limited has strengthened its presence in Navi Mumbai by leasing approximately 1.45 lakh sq ft of Grade A office space at Mindspace SEZ, Airoli East, on a five year lease. The agreement, registered in late December 2025, includes a lock in period of 36 months, 97 car parks, and an 84 day rent free period before rent starts in April. The monthly rent begins at around INR 97.25 lakh with annual 5% escalations. This lease complements Wipro's existing footprint in the Airoli campus, reflecting the continued demand for cost efficient suburban office spaces.Read more

Delhi News Desk

10 Jan 2026

The Delhi Public Works Department has received approval of INR 38 crore to carry out repair and rehabilitation work on the Zakira and Seelampur flyovers, two key traffic corridors in west and east Delhi. The sanction includes INR 20.18 crore for the Zakira Flyover and INR 17.85 crore for the Seelampur Flyover. The scope covers structural repairs, replacement of expansion joints and bearings, and strengthening of critical components. The move follows citywide structural inspections of ageing flyovers aimed at improving safety and extending asset life.Read more

10 Jan 2026

Mohali Municipal Corporation has intensified enforcement against chronic property tax defaulters, focusing on commercial and industrial establishments with long-standing unpaid dues. Authorities have issued sealing notices under the Punjab Municipal Corporation Act, giving defaulters a brief period to clear outstanding taxes. Non-compliance will result in property sealing and possible auction to recover unpaid tax, penalties, and interest. The civic body emphasized using official channels, including the M-Seva App, to make payments. Officials warned that delays would affect essential civic services funding and stressed accountability for property owners.Read more