20 May 2026

• Anarock Group reported a 25 per cent rise in FY26 revenue to INR 946 crore, compared to INR 755 crore in the previous fiscal.
• The growth was supported by strong housing demand and robust leasing activity in office and retail real estate segments.
• The company facilitated housing sales worth INR 16,435 crore during the last financial year, while the residential business contributed INR 442 crore to overall revenue.
• Chairman Anuj Puri said the company is focusing on expansion and strengthening its proptech and advisory capabilities amid evolving housing demand trends.
• The group is also expanding its presence in the Middle East, especially Dubai, and recently appointed Aayush Puri to lead its regional residential operations.Read more

19 May 2026

The Mysuru Development Authority (MDA) has initiated plans to auction nearly 150 acres of reclaimed and vacant land parcels across multiple layouts in Mysuru through an online bidding process aimed at generating around INR 1,000 crore for future urban development works. The identified land parcels are spread across areas including Vijayanagar, JP Nagar, Dattagalli, Hebbal and Lalithadri Nagar, where the authority intends to develop residential sites of varying dimensions before auctioning them. The move comes as the authority attempts to strengthen its finances following the transfer of several layouts to newly formed urban local bodies, which reduced revenue from cess and property-related charges. Funds raised through the auctions are expected to support new residential layouts, group housing schemes and infrastructure projects such as the proposed peripheral ring road around Mysuru.Read more

19 May 2026

• PropTiger reported a 2% year-on-year decline in housing sales across eight major Indian cities during January–March 2026, with total sales falling to 95,973 units.
• New housing supply remained largely unchanged at 93,065 units during the quarter, reflecting cautious developer launches and limited addition of affordable homes.
• Bengaluru emerged as the strongest-performing residential market with a 33% rise in sales, while Chennai, Hyderabad and Delhi-NCR also recorded annual growth.
• Housing sales declined sharply in MMR, Pune, Kolkata and Ahmedabad, contributing to the overall moderation in residential absorption.
• The consultancy noted that inventory levels remained balanced as fresh supply additions stayed closely aligned with housing absorption across major markets.Read more

19 May 2026

India’s grade-A office market recorded healthy growth in the first quarter of 2026, with net office absorption rising 5 per cent year-on-year to 13.5 million sq ft across the top seven cities, according to Anarock. Bengaluru, Hyderabad and Chennai led commercial real estate demand, while vacancy levels declined due to sustained leasing activity and controlled new supply. Global capability centres (GCCs) remained the biggest office space occupiers during the quarter, contributing nearly half of total gross leasing. Office rentals also moved up across major markets as companies continued to prefer premium office developments in key business districts.Read more

19 May 2026

• BuzzWorks has launched a new 16,000 sq ft managed office space in Mysuru with over 500 seats.
• The facility is located at Brigade Vantage on Vinoba Road and targets GCCs, startups and enterprise clients.
• The company is expanding its flexible workspace portfolio across Mysuru, Bengaluru and Chennai during FY27.
• Growing demand for premium managed offices in tier-II cities is driving expansion beyond metro markets.
• BuzzWorks had earlier expanded into Hyderabad and is targeting significant growth in South India’s flexible office market.Read more

18 May 2026

The Odisha government has reduced the stamp duty for registration of common areas in apartment projects to a fixed INR 50,000, replacing the earlier 5% levy charged on residents’ associations. The move is aimed at easing apartment registration procedures and resolving delays linked to transfer of common areas under the Odisha Apartment (Ownership and Management) Act, 2023. Alongside this, the state has introduced a uniform 5% stamp duty on apartment purchases. The changes are expected to improve compliance and speed up pending registrations, though concerns remain over higher costs for affordable housing buyers.Read more

18 May 2026

• CMS Info Systems secured a five-year ATM managed services contract worth INR 400 crore from HDFC Bank.
• Under the agreement, CMS Info Systems will manage 6,000 ATMs for the bank and provide services including currency forecasting, cash logistics and AI-enabled operational solutions.
• The company stated that the mandate is expected to increase the contribution of private sector banks to its revenue mix from 25 per cent currently to nearly 30 per cent by the end of FY27.
• The development reflects continued outsourcing and technology integration trends across India’s banking infrastructure and financial services sector.Read more

18 May 2026

Indian Railway Finance Corporation reported a steady financial performance for the March quarter, with net profit remaining largely unchanged at INR 1,684 crore. The company’s annual profit touched a record high in FY26, supported by higher income, rising interest earnings and growth in railway-linked financing activities. The state-owned financier also reported a sharp rise in assets under management to INR 4.85 lakh crore as it expanded beyond its traditional financing base. During the year, IRFC increased sanctions and disbursements while maintaining its long-standing zero non-performing asset record.Read more

17 May 2026

Premium flexible workspace operator The Executive Centre has announced a major expansion across South India with plans to add nearly 4,65,000 sq. ft. of office space and more than 6,000 workstations in Bengaluru, Hyderabad and Chennai. The expansion includes multiple centres across key commercial districts and is aimed at addressing rising demand from Global Capability Centers (GCCs), multinational companies and domestic enterprises seeking managed office solutions. Bengaluru will see three new centres, while Hyderabad will house TEC’s largest upcoming managed office facility spanning over 2,04,000 sq. ft. Chennai will add a new centre at DLF Downtown 2. The company said the expansion aligns with increasing occupier preference for premium, scalable and flexible office environments across South India’s major commercial markets.Read more

16 May 2026

Golden Growth Fund has reported continued price appreciation in South Delhi’s luxury floor market during the first quarter of 2026, with Category B colonies registering stronger annual growth than Category A neighbourhoods. According to the fund’s latest market assessment, prices of luxury builder floors in Category B colonies increased between 23% and 32% year-on-year, while Category A colonies recorded growth between 14% and 22%. The report noted that prices for premium floors in Category A locations ranged from INR 19.5 crore to INR 40 crore on average, whereas Category B colonies recorded average pricing between INR 10.75 crore and INR 16.5 crore. The fund attributed the demand momentum to limited supply, rising migration of affluent buyers within Delhi and sustained investor interest in established luxury residential micro-markets despite wider real estate market moderation.Read more