04 May 2026

Citius TransNet Investment Trust recorded a positive market debut, with its units closing over 6% above the issue price of INR 100 on both BSE and NSE. The InvIT, which raised INR 1,105 crore through its initial public offering, saw strong investor interest with a subscription of 20.43 times. Units settled at around INR 106 on listing day, taking its market valuation to INR 6,477.59 crore. The proceeds will be utilised to acquire stakes in multiple road infrastructure assets and for general corporate purposes, reflecting continued investor appetite for infrastructure-backed investment vehicles.Read more

04 May 2026

Pinnacle Infotech has entered into memoranda of understanding with Autodesk, Bentley Systems, Trimble, Nemetschek Group, IES, and ETAP to develop an integrated digital ecosystem for the architecture, engineering, construction, and operations (AECO) sector. Announced at the launch of its Global Centre of Excellence in Bengaluru in the past week, the initiative aims to connect fragmented workflows across design, engineering, construction, and operations. The collaboration is expected to support lifecycle-driven project delivery through interoperable digital platforms, enabling improved coordination, data integration, and efficiency in large-scale infrastructure and construction projects.Read more

04 May 2026

IIFL Finance reported a more than two-fold increase in consolidated net profit to INR 623 crore for the quarter ended March 2026, supported by higher interest income and improved asset quality. Total income rose to INR 3,700 crore, while interest income stood at INR 3,330 crore during the period. Gross non-performing assets declined to 1.46%, with net NPAs at 0.73%. For the full financial year, profit increased to INR 1,817 crore, alongside total income of INR 13,374 crore. The company’s assets under management grew 38% year-on-year to INR 1,08,180 crore, indicating expansion across its lending portfolio.Read more

04 May 2026

Mindspace Business Parks REIT has announced a distribution of INR 431 crore to unitholders for the quarter ended March, reflecting a 10% year-on-year increase. The REIT also reported a 37.4% rise in net operating income (NOI) to INR 742 crore for the quarter, supported by higher occupancy and leasing activity. Gross leasing stood at 3.5 million sq ft during the period, with annual leasing reaching 7.13 million sq ft. The performance highlights sustained demand for Grade A office assets across key markets including Mumbai, Pune, Hyderabad, and Chennai.Read more

Delhi News Desk

04 May 2026

The Delhi Development Authority has auctioned more than 140 plots across various locations in the capital as part of its land monetisation strategy to augment revenue. The parcels include residential, commercial, and institutional plots, attracting interest from developers and investors. The move is aimed at unlocking land value, supporting planned urban development, and generating funds for infrastructure and housing initiatives. The auction reflects continued demand for land in Delhi despite limited supply, particularly in well-connected and established micro-markets.Read more

04 May 2026

Adani Power reported a 64% year-on-year increase in consolidated net profit to INR 4,271.40 crore for the quarter ended March 31, driven by higher income and reduced tax expenses. Total income rose to INR 15,989.09 crore, while full-year profit reached INR 12,971.08 crore. The company also reported improved operating revenues supported by higher plant uptime and capacity. Alongside financial performance, Adani Power continues to advance expansion projects and secure long-term power supply agreements, with a target to add 23.7 GW of thermal capacity by 2032, reflecting ongoing capacity growth and demand alignment.Read more

Nagpur News Desk

04 May 2026

The Nagpur Municipal Corporation has identified more than 28,000 property owners who have defaulted on property tax payments, with total outstanding dues estimated at INR 259 crore. The civic body has initiated recovery measures, including issuing notices and planning enforcement action against defaulters. The exercise is part of efforts to strengthen municipal revenues and improve tax compliance. Authorities have indicated that stricter monitoring and recovery mechanisms will be implemented, particularly targeting large defaulters, to support funding for civic infrastructure and urban services in the city.Read more

03 May 2026

Banke International Properties – India reported gross transaction value of approximately INR 587 crore in Mumbai during the last financial year, registering around 20% year-on-year growth. Residential real estate accounted for nearly 90% of the transactions, led by premium and luxury housing segments. Thane emerged as the top-performing micro-market, followed by Central and Western suburbs, Navi Mumbai and South Mumbai. End-users contributed 70% of the demand, while investors accounted for the remainder. The firm has strengthened its deal pipeline through partnerships with leading developers and is targeting INR 1,000 crore in transactions in the current financial year, alongside exploring plotted development opportunities aligned with Mumbai 3.0.Read more

02 May 2026

India’s real estate sector recorded investments of USD 5.1 billion in the January–March quarter of 2026, marking a 72 per cent year-on-year increase and the highest quarterly inflow to date, according to data from CBRE Group. Domestic capital accounted for approximately 96 per cent of total investments, with developers and real estate investment trusts (REITs) emerging as the primary contributors. Key urban centres including Bengaluru, Mumbai and Delhi NCR attracted nearly 65 per cent of the inflows. Investment activity spanned residential, office and emerging asset classes such as data centres and logistics, reflecting a shift towards institutional-grade, income-generating assets. The trend underscores sustained investor confidence supported by stable demand, improving transparency and continued formalisation of the sector.Read more

02 May 2026

Umiya Buildcon Limited reported a strong financial performance for the fourth quarter and full year ended recently, with consolidated annual revenue rising to INR 7,236.5 lakh, marking a 48.9 per cent year-on-year increase. The growth was led by the products segment, which recorded its highest quarterly sales in a decade and nearly 80 per cent annual growth. The company also saw continued traction in its real estate vertical, driven by project activity in Candolim, Goa, and central Bengaluru. While the solutions segment remained stable, overall performance was supported by diversified operations spanning telecom, networking, and property development, alongside a healthy order pipeline and ongoing project execution.Read more