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

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

SpazeOne has expanded its presence in Bengaluru with the launch of a new coworking facility in Whitefield, spread across 15,000 sq ft with a capacity of 320 desks. The company is looking to scale its operations further by adding 10 more centres across South India during the current financial year, covering nearly 2.5 lakh sq ft. The move comes amid rising demand for managed workspaces from global capability centres, startups and distributed teams, particularly in key micro-markets such as Whitefield, which continues to see steady commercial real estate activity.Read more

28 Apr 2026

Balrampur Chini Mills Ltd has approved an investment of INR 160 crore to set up a lactogypsum processing plant in Uttar Pradesh as part of its expanding bio-based operations. The company has also increased the cost of its ongoing PLA manufacturing project to around INR 3,080 crore due to rising input costs and design changes. To support these plans, it will raise up to INR 450 crore through preferential share allotment and an additional INR 200 crore via non-convertible debentures. The move reflects its continued focus on diversification into sustainable materials and value-added byproducts.Read more

28 Apr 2026

The Reserve Bank of India reported a net purchase of USD 7.409 billion in the spot forex market in February, marking its second straight month of dollar buying after a prolonged selling streak. The move follows sustained interventions between June and December, when the central bank sold large amounts of foreign currency to stabilise the rupee. While the rupee saw brief strength after an interim India–US trade development, it later weakened due to global tensions. The RBI also introduced measures to curb speculative activity and maintain orderly market conditions amid continued volatility.Read more

Hyderabad News Desk

28 Apr 2026

A land auction in Hyderabad’s Osman Nagar has set a new benchmark, with bids reaching INR 51.25 crore per acre, well above the base price. Conducted by the Telangana Industrial Infrastructure Corporation, the sale of two land parcels generated around INR 768 crore, showing strong developer participation. The location’s connectivity to the Outer Ring Road and Financial District supported demand. The outcome highlights steady investor confidence in Hyderabad’s real estate market and indicates growing interest in emerging micro-markets beyond established prime locations.Read more

28 Apr 2026

IndusInd Bank reported a higher-than-expected quarterly profit, supported by a sharp reduction in provisions for bad loans and an improvement in asset quality. The lender posted a profit of INR 5.33 billion for the quarter ended March-end, above analyst estimates of INR 3.89 billion. The improvement came after a challenging previous year marked by governance concerns and a large accounting-related loss. Asset quality strengthened as gross bad loans declined, while credit costs eased. However, loan and deposit growth remained under pressure even as net interest income recorded strong growth during the quarter.Read more

28 Apr 2026

A recent EY-HICA report has suggested that the GST Council may consider lowering tax on household insecticides from 18 per cent to 5 per cent to improve affordability and strengthen preventive healthcare against vector-borne diseases. It highlights that products like coils, aerosols, and liquid vapourisers remain essential for household-level protection in India, where disease exposure is uneven. The report notes that higher taxation impacts access for vulnerable groups and calls for alignment with essential hygiene products. It also highlights rising market demand and strong urban and rural penetration of these products.Read more

28 Apr 2026

The Municipal Corporation of Chandigarh has announced a rebate on property tax for the current financial year to encourage timely payments. Residential property owners can avail a 20% rebate, while commercial properties are eligible for a 10% discount if dues are cleared by May 31. The civic body has also outlined deadlines for offline payment modes and warned of penalties after the due date. Property tax continues to be a key revenue stream, supporting essential civic services and infrastructure development across the city.Read more

28 Apr 2026

Bengaluru’s city corporations have initiated a stricter recovery mechanism for unpaid property taxes, with plans to acquire properties of chronic defaulters after repeated enforcement measures failed. The move comes amid mounting arrears exceeding INR 500 crore across more than 1,000 properties. Authorities indicated that conventional recovery methods such as notices, attachment and auctions have seen limited success, prompting civic bodies to consider purchasing defaulted properties at notified prices. The step is intended as a last-resort mechanism to recover long-pending dues, including penalties and interest. Any surplus from the transaction will be returned to property owners. The decision reflects increasing pressure on urban local bodies to improve revenue collections and enforce compliance.Read more