Maharashtra Releases ₹5,585 Crore GST Compensation to Municipal Corporations for April–May 2026

The Maharashtra Urban Development Department has approved ₹5,585.68 crore in GST compensation for 29 municipal corporations covering April and May 2026, with BMC topping the list at ₹2,587.55 crore and Pune and Pimpri-Chinchwad close behind at ₹485 crore and ₹457 crore respectively.

Maharashtra Winds Down Smart City SPVs, Hands Charge to Municipal Commissioners

Maharashtra has dissolved Smart City SPV leadership in 8 cities, transferring all powers to Municipal Commissioners as the Centre’s mission concludes.

Net Absorption in Indian Office Markets to Surpass 60 msf in FY2026: ICRA

India’s top six office markets—Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR, and Pune—are projected to achieve a record-breaking net absorption of 60 msf by FY2026, according to ICRA. Vacancy levels are expected to hit decade-lows, while retail mall operators will witness steady rental income growth despite challenges from rising e-commerce competition.

Nagpur Tops List of Emerging Cities in India

Nagpur has emerged as the top-performing city among India’s 30 emerging cities, according to Colliers’ latest report. With expressway development acting as a key growth catalyst, Nagpur, Jaipur, and Lucknow are poised for significant real estate expansion.

MahaRERA to Hold Monthly Open Houses to Assist Developers with Project Registration

MahaRERA will hold monthly open houses in Nagpur and Pune to assist developers with housing project registrations. Starting January 22 in Nagpur, these sessions will feature senior officials addressing legal, financial, and technical queries, ensuring a smoother registration process for developers outside Mumbai.