10 minutes ago

Venus Group has completed a transaction involving 2,07,838 sq ft of Grade A office space at Stratum, Nehrunagar, Ahmedabad, marking one of the first instances of a developer-led commercial asset from the city being institutionalised under a REIT structure. The asset has been leased and monetised through PropShare Celestia, with the associated scheme witnessing 1.33 times subscription for an issue size of INR 244.65 crore. The fully leased property houses multinational and Fortune 500 tenants, reflecting growing investor interest in income-generating commercial assets in emerging real estate markets beyond major metros.Read more

40 minutes ago

Palm Hills Development Company has outlined its sales target for the Ras Al Hikma project, which is being developed in partnership with Miran Real Estate Development. The company expects initial sales to reach around EGP 750 billion, indicating the large scale of the coastal development. Ras Al Hikma has recently gained attention as a key investment zone in Egypt, with multiple developers exploring opportunities in the region. The project is expected to contribute significantly to Palm Hills’ portfolio and aligns with broader efforts to boost real estate activity along Egypt’s Mediterranean coast.Read more

1 hour ago

Telangana has initiated a detailed safety audit of electric vehicle charging stations across public and residential areas as EV usage continues to grow. The inspections focus on fire safety systems, technical reliability, and risk prevention measures at high-capacity charging points. Authorities reviewed systems such as thermal monitoring, earth-leakage protection, and automatic shutdown features. The findings are expected to guide stricter compliance norms for operators and improve safety in residential complexes. The move is part of the state’s wider effort to expand EV infrastructure while ensuring safe and reliable operations.Read more

1 hour ago

Mahindra Holidays & Resorts India Ltd reported a 43% decline in consolidated profit after tax to INR 41.49 crore in the fourth quarter of the financial year ending FY26, compared with INR 72.94 crore in the same period last year. The drop was mainly due to impairment charges, implementation of new labour codes and foreign exchange movement. Revenue from operations increased to INR 820.29 crore from INR 778.83 crore, while expenses also rose. For FY26, annual profit stood at INR 67 crore. The company noted steady growth in India operations, strong resort performance and expansion, while international business remained under pressure.Read more

2 hours ago

Caldic, a global chemicals distributor backed by Advent International, is under investigation in Brazil over its alleged role in a large methanol diversion network linked to the First Capital Command (PCC). Authorities are examining whether the company’s supplies were used in a multibillion-dollar fuel fraud operation involving adulterated fuel sales. While no direct involvement of management has been established, regulators have flagged compliance gaps, unusual shipment patterns, and missing cargoes. The company has denied wrongdoing and said it is cooperating with authorities, while Brazil’s fuel regulator continues its parallel administrative probe.Read more

2 hours ago

The Karnataka Housing Board (KHB) has proposed a 92-acre residential layout in Belagavi’s Honnihal village to cater to rising demand for affordable housing. The project, its first major development in the city in nearly a decade, is currently awaiting state approval. Once cleared, it will move into public consultation and land acquisition stages under existing legal provisions. The initiative aims to create planned housing with basic infrastructure while ensuring fair compensation and rehabilitation for landowners, reflecting the state’s continued focus on expanding organised housing supply in emerging urban centres.Read more

3 hours ago

Axis Bank’s shares declined after the lender reported slightly weaker-than-expected quarterly earnings, impacted by higher provisions linked to global macro uncertainties. The bank also approved a USD 2 billion equity fundraise, which added to investor caution. While profit saw a marginal decline, a tax writeback related to its Citibank deal helped offset some of the provisioning impact. Market sentiment remained cautious, though analysts indicated that the one-time provision should not be over-interpreted, given the bank’s underlying financial stability and broader growth outlook.Read more

3 hours ago

The Kanpur Development Authority (KDA) has reduced prices of 5,600 unsold flats across 10 housing schemes to address long-pending inventory and improve sales. Prices have been brought down to 2018 levels, with a cut ranging from 4.6% to 23.19%, and units now priced between INR 8.86 lakh and INR 28.50 lakh. Buyers can take possession by paying 20% for EWS units and 25% for others. The authority expects to generate around INR 1,400 crore and has also approved a higher budget along with key infrastructure and planning decisions.Read more

4 hours ago

Infrastructure projects worth over INR 150 crore each have recorded cumulative cost overruns of INR 5.61 lakh crore, according to the latest government data for March 2026. The revised cost of 1,941 central sector projects rose to INR 41.50 lakh crore from an original estimate of INR 35.88 lakh crore. These projects, monitored across 17 ministries, have achieved nearly 48% financial progress. A significant share is in advanced stages, while transport and logistics dominate both project count and investment value. The report highlights ongoing execution alongside newly initiated projects, reflecting a broad pipeline across sectors including energy, urban infrastructure, and water systems.Read more

4 hours ago

Sales of affordable homes priced below INR 50 lakh declined 23% year-on-year to 16,273 units during the January–March quarter across eight major cities, according to Knight Frank India. The drop has been attributed to reduced new supply amid rising input costs, particularly land. Lower and mid-income segments also recorded declines, while higher-value housing categories saw growth. Overall residential sales fell 4% to 84,827 units, with demand increasingly skewed towards premium housing. The share of homes priced below INR 1 crore reduced to 47%, reflecting affordability pressures and shifting buyer preferences amid rising property prices and global uncertainties.Read more

4 hours ago

Pirojsha Godrej has emphasised the need to protect mangroves in Mumbai, stating that the Godrej Group will not develop the mangrove land under its control in Vikhroli. His remarks come amid ongoing debates over infrastructure expansion, including proposed mangrove clearing in Versova. He highlighted the scale of the group’s mangrove holdings and underscored the importance of balancing environmental conservation with urban development. The comments also touched on planning challenges, including floor space index policies, public transport, and the need for structured urban growth. The stance reflects broader tensions between ecological preservation and infrastructure expansion in the city.Read more

5 hours ago

Radisson Hotel Group has signed agreements to develop two resort properties in Coorg, Karnataka, in partnership with SLN Hotels & Resorts, marking its entry into the leisure destination. The projects include the 102-key Purple Mist Resort & Spa and the 78-room Purple Palms Resort & Spa. The dual-resort model is designed to cater to both individual travellers and large-scale events. The move aligns with growing demand for leisure hospitality assets in high-traffic destinations. Radisson currently has over 200 hotels operational and under development across India, and the Coorg expansion reflects its continued focus on strengthening its presence in resort markets.Read more

5 hours ago

Keihanshin Building Co Ltd has received a shareholder proposal from Strategic Capital and other investors regarding the acquisition of treasury stock from specific shareholders. The proposal reflects ongoing investor interest in capital allocation and corporate governance practices within Japanese real estate firms. While detailed terms were not disclosed, such proposals typically aim to improve shareholder returns and optimise balance sheet efficiency. The development comes amid a broader trend of activist investor engagement in Japan’s property sector, where companies are increasingly being pushed to unlock value and enhance transparency in financial decisions.Read more

5 hours ago

The National Highways Authority of India (NHAI) is developing a 12-km, four-lane greenfield bypass in Uttarakhand to improve connectivity with the Delhi-Dehradun Economic Corridor. With around 44 per cent construction completed, the INR 716 crore project is aimed at diverting non-destined traffic away from Dehradun city. The access-controlled highway will serve as an alternate south-western route, linking key industrial and regional hubs. Once operational, it is expected to reduce congestion and pollution while improving connectivity to neighbouring states such as Haryana, Punjab and Himachal Pradesh.Read more

6 hours ago

Sun Pharmaceutical Industries Ltd has announced an all-cash acquisition of US-based Organon & Co at an enterprise valuation of USD 11.75 billion, marking one of the largest overseas transactions by an Indian company. The deal, priced at USD 14 per share, will significantly expand Sun Pharma’s global footprint across 150 countries and strengthen its position in women’s health, biosimilars and branded generics. Organon, a spin-off from Merck in 2021, reported USD 6.2 billion in revenue in 2025. The combined entity is expected to generate USD 12.4 billion in revenue and deliver synergies exceeding USD 350 million within two to four years, subject to regulatory approvals and shareholder consent.Read more

Mumbai News Desk

6 hours ago

A Mumbai court has rejected a medical bail plea filed by an accused in a real estate fraud case involving approximately INR 56 crore, citing the absence of any immediate life-threatening condition. The case pertains to alleged irregularities in a redevelopment project where multiple buyers were reportedly duped through sale of the same flats and non-delivery of promised units. The accused had sought temporary relief on health grounds, requesting treatment at a private hospital. However, the court held that adequate medical facilities were available within the public healthcare system, and custodial detention remained necessary given the gravity of the allegations and the ongoing investigation.Read more

7 hours ago

Swedish property investment platform NestFrame has agreed to acquire Stockholm-based co-living operator CoLive for an undisclosed amount. CoLive manages shared living spaces and has expanded from 400 to 1,350 units during the year. Following the deal, NestFrame plans to strengthen its focus on partnerships with similar operators across Europe, particularly in Germany and Spain. The company views CoLive as a strong regional operator with steady execution and growth potential. The transaction reflects rising demand for co-living models, especially among young professionals facing affordability challenges in major European housingRead more

7 hours ago

Adani Energy Solutions Ltd reported a marginal rise in quarterly profit, supported by higher income and steady operational performance. The company’s adjusted profit showed stronger growth after accounting for a one-time tax impact in the previous year. For the full financial year, profit more than doubled, reflecting improved scale and execution across segments. Its transmission business continues to expand with a large under-construction pipeline, while smart metering remains a key growth driver with significant ongoing projects. The regulated asset base also recorded consistent growth, indicating stable expansion in its core infrastructure portfolio.Read more

8 hours ago

Saatvik Green Energy has acquired an 80% equity stake in Jaipur-based Melcon Transformers and Electricals Pvt Ltd, strengthening its position in the power value chain. The deal, signed in the past week, marks the company’s entry into transformer manufacturing. Melcon, established in 2005, produces a wide range of transformers catering to industrial and utility needs. The acquisition is expected to improve execution timelines, enhance quality control, and create a more reliable supply chain. This move aligns with Saatvik’s broader strategy to scale its operations in the energy infrastructure segment.Read more

8 hours ago

Azad Engineering has inaugurated a 7,600 sq metre lean manufacturing facility in Hyderabad to strengthen its long-standing partnership with Baker Hughes. The unit, located within its Centre of Excellence, is designed to enhance production scale, speed, and precision. This marks the company’s fourth dedicated facility, reflecting its continued capacity expansion to meet rising global demand across key sectors. The move also highlights Telangana’s growing prominence in precision engineering, supported by strong export growth, MSME participation, and investments from global OEMs.Read more

9 hours ago

Global financial markets have been affected by ongoing conflict in the Middle East, leading to delays in IPO plans and reductions or suspensions of dividend payouts by several international companies. The situation has also disrupted logistics, raw material supply chains, and overall business sentiment across sectors such as telecom, travel, fintech, aviation, and industrial services. Firms from Europe, Asia, and North America have cited uncertainty in demand and volatile capital markets as key reasons for their decisions. Some companies have paused listings, while others have opted to retain earnings to maintain financial stability amid unpredictable conditions.Read more

Ludhiana News Desk

9 hours ago

The Punjab government has approved financial assistance of approximately INR 50 lakh to support housing repairs for 144 economically weaker section families in Ludhiana. The aid, routed through the municipal corporation under the Rangla Punjab initiative, will be disbursed to residents in Ward 72, primarily in the Jawahar Nagar camp area. Each beneficiary will receive INR 35,000 to undertake essential repairs, including fixing damaged roofs and structural deficiencies. The move follows field assessments by civic officials and forms part of a broader urban development allocation aimed at improving living conditions in low-income settlements while strengthening basic housing infrastructure in the city.Read more

10 hours ago

Vedanta Power has completed disbursement of compensation to families affected by a boiler-related incident at its Raigarh district plant in Chhattisgarh. The company provided INR 35 lakh each to families of deceased workers and INR 15 lakh to those injured. It has also outlined further support including possible employment opportunities for dependents, education assistance up to Class 12, and skill development training. A crisis management team is managing relief measures such as medical care, counselling, and logistical assistance. The incident, involving a steam tube explosion at the plant in Singhitarai village in mid-April, resulted in multiple fatalities and serious injuries.Read more

10 hours ago

Air India has told the Airports Economic Regulatory Authority that airlines are not ready to shift operations to Navi Mumbai International Airport immediately due to higher tariffs, limited connectivity, and operational challenges. The airline highlighted that running parallel operations across two airports will increase costs and affect efficiency. While the new airport is expected to ease congestion in Mumbai, airlines are likely to adopt a phased approach rather than a full shift. The feedback reflects broader industry concerns around cost structures, infrastructure readiness, and passenger convenience.Read more

11 hours ago

The fifth edition of the Scale Up Summit, organised by Exponential Real Estate World, was held in Andheri, Mumbai, bringing together developers, architects and industry stakeholders to address key operational challenges. Curated by Nikhil Shah, the event focused on seven critical pain points affecting real estate execution, with sessions covering regulatory compliance, security systems, branding and legal frameworks. The summit featured keynote discussions, panel interactions and expert-led presentations, alongside networking engagements aimed at fostering collaboration across the ecosystem. The platform has evolved into a recurring industry forum focused on practical solutions and stakeholder engagement within the real estate sector.Read more

11 hours ago

China’s National Development and Reform Commission has blocked Meta’s proposed acquisition of artificial intelligence startup Manus, cancelling a deal valued at over USD 2 billion. The decision reflects Beijing’s efforts to retain control over critical AI talent and intellectual property amid ongoing technology tensions with the United States. Manus, once positioned as a leading domestic AI innovator, had shifted its headquarters to Singapore but remained under regulatory scrutiny. The move comes ahead of a planned bilateral summit between the two countries and signals expanding oversight of cross-border transactions in frontier technologies, with implications for global investment flows and corporate structuring in high-tech sectors.Read more

12 hours ago

The Uttar Pradesh government has expanded the scope of the Mukhyamantri Awas Yojana (Gramin) to include all remaining Scheduled Tribe (ST) communities, aiming to achieve universal housing coverage among tribal households in the state. The decision brings previously excluded groups such as Bhotia, Jaunsari and Raji within the scheme’s ambit. The move builds on earlier phased inclusions of multiple tribal communities since the scheme’s launch in 2018. Authorities have directed officials to identify eligible beneficiaries and expedite implementation, with the objective of providing permanent housing to marginalised rural populations and improving living standards in remote and underserved regions.Read more

12 hours ago

Patel Engineering has been declared the lowest bidder for a major hydropower contract in Nepal, valued at INR 1,593.08 crore. The project, awarded by SJVN’s subsidiary, involves Package 2 of the 669 MW Lower Arun Hydroelectric Project and is expected to be completed in 54 months. The company highlighted its ongoing presence in the region through the nearby Arun-3 project and its focus on timely execution. This development follows another international order secured in Bhutan, reinforcing Patel Engineering’s growing footprint in South Asia’s hydropower sector.Read more

Mumbai News Desk

13 hours ago

The Brihanmumbai Municipal Corporation is set to begin soil filling across nearly 65 hectares of reclaimed land along the Mumbai Coastal Road (South), preparing the area for landscaping. The work will raise ground levels and is expected to be completed before the monsoon. Reliance Industries Ltd, which is handling the development and maintenance of open spaces, had indicated the need for higher ground levels. Once ready, the area will include gardens, promenades, and public amenities, adding significant usable open space in south Mumbai.Read more

13 hours ago

Digital-first insurer ACKO has appointed ICICI Securities, Morgan Stanley and Kotak Securities as book-running lead managers for its proposed initial public offering, according to sources. The Bengaluru-based company is targeting a valuation of USD 2–2.5 billion and is expected to file draft papers with the market regulator in the coming months. The IPO is likely to include both a fresh issue and an offer-for-sale by existing investors. Founded in 2017, ACKO operates on a direct-to-consumer model, differentiating itself from traditional insurers. The company reported INR 2,837 crore in revenue in FY25, reflecting strong growth alongside a reduction in losses.Read more

14 hours ago

The Goa Real Estate Regulatory Authority (RERA) has directed Aansav Realty & Infrastructure to hand over possession of a flat in Varca and imposed a penalty of INR 15 lakh for delayed delivery and unlawful cancellation of allotment. The order relates to a 2015 booking valued at approximately INR 53 lakh, where the buyer had already paid a substantial portion of the consideration. RERA has instructed the developer to execute the sale deed and complete possession within a stipulated timeline. The ruling reinforces regulatory scrutiny on project delays and cancellation practices, underscoring the authority’s role in protecting homebuyer interests and ensuring adherence to contractual commitments in the residential sector.Read more

14 hours ago

The Maharashtra government has dismantled Special Purpose Vehicles (SPVs) set up under the Smart Cities Mission across eight cities, transferring control of projects, assets and governance to municipal corporations. The move follows the conclusion of the Centre-backed mission and the cessation of central funding support. Municipal commissioners will now assume the role of chief executives of the erstwhile SPVs, with all assets to be integrated into civic bodies. The transition raises concerns around administrative capacity, employee displacement and the completion of ongoing projects, while marking a structural shift from SPV-led execution to conventional urban governance frameworks.Read more

15 hours ago

Kuehne+Nagel, the Swiss logistics company, has revised its operating profit outlook slightly upward after reporting a strong start to the year across air freight, road transport, and contract logistics operations. The company attributed the improvement to continued cost discipline and stable performance across its global network. It now expects recurring earnings before interest and taxes to be between 1.25 billion and 1.40 billion Swiss francs, compared with its earlier projection that started at 1.2 billion Swiss francs. This update comes after it reported an EBIT of 1.24 billion Swiss francs in the previous year, reflecting steady operational resilience in a competitive logistics environment.Read more

15 hours ago

The Thane Integral Ring Metro project has been placed under direct monitoring of the Prime Minister’s Office through the PRAGATI platform to improve execution and resolve delays. A recent review involving central, state and local authorities assessed progress, with another review scheduled for April 29. The 29-km corridor, estimated at around INR 12,000–12,200 crore, aims to improve intra-city connectivity and reduce road congestion. While construction activity has started in parts, concerns related to environmental impact, alignment changes and lack of public consultation continue to be raised by residents and political groups.Read more

16 hours ago

India’s real estate sector recorded a sharp decline in deal value during the first quarter of 2026, even as transaction volumes remained strong. According to Grant Thornton Bharat, total deal value stood at USD 763 million, down 63% from the preceding quarter, largely due to the absence of large-ticket transactions. The quarter saw 32 deals, marking one of the highest volumes on record. Private equity investments and M&A activity both declined significantly, while capital market activity remained muted with no IPOs or QIPs. Investment interest continued to favour commercial assets, particularly office and retail segments, with domestic investors leading activity amid a more selective investment environment.Read more

Bangalore News Desk

16 hours ago

Bengaluru’s civic authorities have introduced an online system enabling property owners to instantly access and download e-khata documents using their SAS property tax identification. The initiative, rolled out through the e-Aasthi platform, covers nearly 13 lakh properties and aims to streamline property documentation by reducing reliance on physical processes. The e-khata, a critical document for property tax payments, ownership verification, and transactions, can now be generated within minutes through OTP-based authentication. While the move is expected to improve transparency and reduce intermediary dependence, authorities have clarified that the digitally issued records remain provisional until further compliance steps are completed.Read more

17 hours ago

The Bihar Cabinet has approved a set of proposals to develop satellite townships, establish a technology hub and modernise Industrial Training Institutes (ITIs), aimed at supporting urban expansion and economic growth. The plan includes the development of 11 greenfield satellite townships to ease pressure on existing cities and promote planned urbanisation. The government has also cleared the creation of a technology hub to strengthen the state’s IT ecosystem and generate employment. Alongside, ITIs will be upgraded to improve skill development and workforce readiness. The decisions reflect a coordinated approach to urban planning, infrastructure development and skill enhancement, as Bihar looks to attract investment and improve its industrial and employment landscape.Read more

28 Apr 2026

Belagavi City Corporation has collected around INR 18.12 crore in property tax within the first 20 days of the new financial year, supported by a 5% rebate on early payments. The incentive has led to faster collections and improved compliance among property owners. A growing number of taxpayers have also shifted to digital payment modes, making the process more efficient. The civic body expects collections to rise further before the rebate period ends. This early momentum is important as the corporation had fallen short of its annual collection target in the previous year.Read more

28 Apr 2026

Residents of the Karnataka Housing Board’s Amargol Phase 2 Colony in Hubballi have been assured that long-pending civic amenities are likely to be provided soon after legal and administrative movement around the colony’s transfer to the municipal corporation gained momentum. The process, which had been stalled for years due to issues between KHB and HDMC over payment and handover formalities, has now progressed following a court directive involving settlement of dues. Once the transfer is completed, basic infrastructure such as roads, drainage, water supply, and street lighting is expected to be developed by the civic body.Read more

28 Apr 2026

PwC Hong Kong will set aside HKD 1 billion (USD 127.7 million) to compensate minority shareholders of China Evergrande after regulatory findings of audit failures. The Securities and Futures Commission (SFC) found that Evergrande’s revenues were significantly overstated in 2019 and 2020, leading to misleading disclosures. The case marks the first instance in Hong Kong where an auditor of a collapsed company is required to compensate investors. Alongside this, PwC faces penalties and restrictions, highlighting tighter regulatory oversight following the developer’s financial collapse.Read more

28 Apr 2026

Amazon India has announced an investment of over INR 2,800 crore to improve associate safety, health, and financial wellbeing while expanding its logistics and delivery network. The move builds on earlier investments and supports its long-term plan to invest over USD 35 billion in India by 2030. The company will scale fulfilment infrastructure, strengthen last-mile delivery, and expand quick commerce operations. It will also enhance insurance, social security access, and workplace facilities for associates, while improving service reach across tier II and III cities.Read more

28 Apr 2026

TotalEnergies has announced an investment of USD 1.2 billion in an onshore wind and battery energy storage project in Kazakhstan. The project, named Mirny, will combine 1 GW of wind capacity with 600 MWh of storage and is designed to supply electricity to around 1 million people. It is planned to reach full capacity by 2029 and will operate under a long-term agreement to sell power to the government. A large part of the funding is being arranged through an international banking consortium, supporting Kazakhstan’s renewable energy targets.Read more

28 Apr 2026

The Jaipur Municipal Corporation has intensified enforcement action against road encroachments across key urban corridors, targeting illegal structures and unauthorised vendors occupying carriageways and footpaths. The drive, conducted across multiple locations in the city, aims to reduce traffic congestion and improve pedestrian safety. The initiative forms part of a broader urban management strategy focused on maintaining road infrastructure and ensuring unobstructed movement. Authorities have indicated that the action will continue through regular monitoring and enforcement measures to prevent re-encroachment. The development comes amid ongoing concerns around traffic bottlenecks and the need for sustained civic intervention across Jaipur’s road network.Read more

28 Apr 2026

Aldar Properties reported strong initial demand for its Yas Park Place development, with over AED 800 million in sales generated from the launch phase. Around 80% of the released units were sold soon after launch, reflecting continued buyer interest in Abu Dhabi’s residential market. The project is located on Yas Island, a key growth hub known for its lifestyle offerings and infrastructure. The performance aligns with Aldar’s recent trend of high absorption rates across new launches, supported by both end-user demand and investor activity in the UAE’s real estate sector.Read more

28 Apr 2026

Aditya Birla New Age Hospitality, part of the Aditya Birla Group, has announced the expansion of its Italian restaurant brand CinCin to Gurugram, marking a further step in its hospitality portfolio growth. The brand, which was initially launched in Mumbai, has gained traction as a premium dining destination. The Gurugram outlet is expected to build on this positioning, targeting urban consumers seeking experiential dining formats. The move reflects continued expansion by organised hospitality operators into high-demand urban markets, particularly in NCR, where premium dining and lifestyle-led real estate developments are witnessing sustained growth.Read more

28 Apr 2026

India’s office market recorded steady growth during the first quarter of the year despite global economic uncertainties, according to JLL India. Both gross and net leasing rose across major cities, supported mainly by demand from global firms setting up Global Capability Centres (GCCs). Bengaluru led activity with strong expansion in leasing volumes. Domestic companies, especially flex space operators, also contributed to demand. The report highlights a structural shift in workplace strategy, with enterprises increasingly focusing on innovation-driven office setups and flexible workspace models across key Indian commercial hubs.Read more

28 Apr 2026

Hamad Mohammed Bin Saedan Real Estate has entered into a sharia-compliant Murabaha financing agreement valued at 48 million Saudi riyals, aimed at supporting its expansion plans and ongoing investment requirements. The financing arrangement is structured to strengthen the company’s real estate project development pipeline while ensuring compliance with Islamic finance principles. The agreement reflects continued use of Murabaha-based funding in the Saudi real estate sector, where developers rely on structured financing to manage growth and liquidity. The deal is expected to support upcoming developments and enhance the company’s operational capacity.Read more

28 Apr 2026

Larsen and Toubro Ltd has announced that its real estate arm, L&T Realty, has expanded its development footprint through a land acquisition in the National Capital Region. The move aligns with the company’s strategy to strengthen its presence in key urban markets with strong housing demand. NCR has remained a priority region due to steady residential absorption and infrastructure-led growth. The acquisition is expected to support future residential or mixed-use developments, adding to L&T Realty’s existing portfolio across major Indian cities.Read more

28 Apr 2026

Units of PropShare Celestia, a small and medium REIT scheme of Property Share Investment Trust, closed over 1% lower on their stock market debut, reflecting muted investor sentiment. The units listed at a discount to the issue price of INR 10.50 lakh and ended at INR 10.35 lakh. The INR 244 crore public issue had seen modest demand with a 1.33 times subscription. The proceeds are earmarked for acquiring commercial office space in Ahmedabad. The listing performance indicates cautious investor response to SM REIT instruments despite stable underlying commercial assets and income-generating potential.Read more

28 Apr 2026

The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, citing serious regulatory concerns over its operations and management practices. The central bank stated that the bank’s affairs were conducted in a manner detrimental to depositor interests and public interest. Following the decision, the entity has been barred from undertaking any banking activities. The RBI has also indicated that it will approach the high court to initiate winding-up proceedings. The bank has sufficient liquidity to meet its deposit liabilities, according to the regulator. Paytm Payments Bank had already been restricted from onboarding new customers since 2022, reflecting prolonged regulatory scrutiny.Read more