02 Jun 2026

• India Infrastructure Finance Company Limited (IIFCL) reported a net profit of INR 1,379 crore for FY26, a decline of 36% from INR 2,165 crore in the previous fiscal, primarily due to foreign exchange fluctuations.
• The state-owned infrastructure financier recorded its highest-ever annual sanctions of INR 57,680 crore and disbursements of INR 32,972 crore during the year.
• IIFCL's standalone loan book grew nearly 17% to INR 81,715 crore as of March 31, 2026, while cumulative standalone disbursements reached approximately INR 1.89 lakh crore.
• Asset quality strengthened significantly, with the gross non-performing asset (NPA) ratio declining to 0.4% and net NPA reducing to zero.
• The company's net worth rose to INR 17,898 crore and its capital adequacy remained well above regulatory norms, supporting continued infrastructure financing activity across sectors.Read more

02 Jun 2026

• Delhi-based TARC Ltd reported a consolidated net profit of INR 1.61 crore for the quarter ended March 2026, compared with a net loss of INR 104.56 crore in the corresponding period a year earlier.
• The company's total income surged to INR 300.01 crore during the fourth quarter, supported by revenue recognition from its TARC Tripundra housing project.
• For the full financial year 2025-26, TARC posted a net profit of INR 19.03 crore against a loss of INR 231.28 crore in the previous fiscal.
• Annual total income increased sharply to INR 671.78 crore from INR 38.88 crore in FY2024-25, reflecting improved project execution and sales monetisation.
• The developer plans to continue phased launches and expand its luxury and ultra-luxury residential portfolio across its land holdings in Delhi-NCR.Read more

02 Jun 2026

• Kolkata-based Rashmi Group has announced a fresh investment proposal of INR 35,000 crore in West Bengal across steel, power and mining operations.
• More than INR 30,000 crore will be allocated towards expanding iron and steel production capacity by 7 million tonnes per annum (MTPA), while INR 5,000 crore will be invested in operationalising three coal mines.
• The proposed investments will be spread across Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur districts.
• The company estimates the projects could generate around 50,000 direct and indirect employment opportunities across manufacturing and mining activities.
• The announcement builds on Rashmi Group’s existing industrial presence in the state, where it has already invested nearly INR 25,000 crore.Read more

Mumbai News Desk

02 Jun 2026

• Residential markets across several coastal cities are witnessing a shortage of ready and under-construction 3BHK apartments amid sustained demand for larger homes.
• Developers and property consultants have reported rising preference for spacious residences among end-users, particularly in premium and upper mid-segment housing projects.
• Demand has been driven by changing household requirements, hybrid work patterns and growing preference for lifestyle-oriented residential developments.
• Limited availability of suitably configured units has led developers to recalibrate project launches towards larger apartment formats in key coastal markets.
• The trend is being observed across major coastal real estate destinations where housing demand has remained resilient despite rising property prices and construction costs.Read more

01 Jun 2026

• Combined sales bookings of 11 major listed real estate developers reached INR 1.48 lakh crore in FY2025-26, marking an 18% increase from INR 1.26 lakh crore in the previous financial year.
• The data, released by Anarock, covers Godrej Properties, Prestige Estates, DLF, Lodha Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone Realtors and Sobha Ltd.
• Premium and luxury housing projects emerged as the primary drivers of growth, supported by stronger price realisations across key markets.
• Godrej Properties and Prestige Estates recorded significant increases in sales bookings, while DLF and Signature Global reported lower pre-sales during the fiscal year.
• The findings also highlight the growing influence of developers expanding beyond their traditional home markets to build multi-regional residential portfolios.Read more

01 Jun 2026

• Property registrations within the Brihanmumbai Municipal Corporation (BMC) area reached 12,403 units in May 2026, according to data from Maharashtra’s Department of Registration and Stamps analysed by Knight Frank India.
• Registrations increased 7 per cent year-on-year from 11,565 units recorded in May 2025, although volumes were lower than April 2026’s 14,285 units.
• The figures include transactions across both primary and secondary residential property markets.
• Knight Frank India said May 2026 registered the highest property registration volume for the month of May in the past 14 years, exceeding the previous peak achieved in May 2025.
• Industry stakeholders attributed the performance to sustained end-user demand and continued confidence in Mumbai’s residential housing market despite wider global economic uncertainties.Read more

01 Jun 2026

• Sagarmala Finance Corporation (SFC), the state-owned maritime-focused lender under the Ministry of Ports, Shipping and Waterways, is preparing to launch India’s first blue bond issuance.
• The proposed issue aims to raise up to INR 1,000 crore, including a greenshoe option, to support long-term funding requirements for maritime and coastal infrastructure projects.
• Proceeds are expected to be deployed towards ports, shipbuilding facilities, inland waterways, coastal connectivity and other marine-linked infrastructure developments.
• The initiative marks India’s entry into the blue bond market, a niche segment of sustainable finance focused on ocean and water-related projects.
• The fundraising exercise is also intended to address SFC’s asset-liability mismatch by securing longer-tenure borrowings aligned with its infrastructure lending profile.Read more

01 Jun 2026

• Co-working operator COWRKS, backed by Brookfield Properties, has added six new managed office centres in Chennai as part of its growth strategy.
• The newly launched facilities comprise around 2.9 lakh sq ft of workspace and more than 3,900 desks.
• With the expansion, the company's Chennai portfolio has increased from four centres to ten centres.
• The total footprint in the city has risen from over 2.1 lakh sq ft and 2,900 desks to nearly 5 lakh sq ft and more than 6,800 desks.
• The move comes amid increasing demand for managed office and flexible workspace solutions across major Indian commercial markets.Read more

01 Jun 2026

Ashiana Housing reported a marginal rise in consolidated net profit for the March quarter, supported by higher income and strong growth in sales bookings. The company’s total income increased significantly during the quarter as demand for residential projects remained firm across key markets. For the full FY26 financial year, the developer posted a sharp jump in profit and revenue compared to the previous year. Ashiana Housing also recorded its highest-ever annual pre-sales, reflecting sustained homebuyer demand across its senior living and residential housing projects in markets such as Delhi-NCR, Maharashtra, Tamil Nadu and Jharkhand.Read more

01 Jun 2026

• India’s total energy investment is expected to touch a record USD 170 billion in 2026, according to the International Energy Agency (IEA).
• Solar power investment has grown 25 per cent annually over the past five years, while oil refining investment increased 23 per cent during the same period.
• India achieved its target of sourcing 50 per cent installed power capacity from non-fossil fuel sources ahead of schedule, supported by rising solar and renewable energy projects.
• Investments in transmission networks, battery storage, hydropower and nuclear energy are also increasing as the country expands renewable energy capacity.
• Coal continues to remain a major part of India’s energy mix, with coal supply investment expected to reach USD 13 billion in 2026.Read more