15 May 2026

Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income for the quarter ended March 2026, supported by higher leasing activity and improved occupancy across its office portfolio. The REIT declared a distribution of INR 456.43 crore, or INR 5.50 per unit, for the March quarter, taking total FY26 distributions to INR 1,516.17 crore. The company recorded gross leasing of 4 million sq ft during the financial year, while occupancy rose five per cent year-on-year. During the year, the REIT also acquired the Ecoworld office asset in Bengaluru to expand its portfolio scale and diversification. Brookfield India REIT currently manages 11 Grade A office assets across major Indian cities with a total leasable portfolio of 37 million sq ft.Read more

14 May 2026

Nexus Select Trust reported a 12 per cent increase in net operating income (NOI) during the quarter ended March 2026 and announced a distribution of INR 346.3 crore to unitholders. The retail-focused real estate investment trust (REIT), which owns 19 shopping malls across 15 Indian cities, recorded quarterly NOI of INR 498.6 crore. During FY26, the REIT reported annual NOI of INR 1,929.6 crore and declared total distributions of INR 1,375.8 crore, equivalent to INR 9.081 per unit. The company is pursuing an expansion strategy aimed at doubling its portfolio by 2030 and recently announced the acquisition of Diamond Plaza mall in Kolkata. Nexus Select Trust currently has a retail portfolio spanning 10.7 million sq ft along with hotel and office assets across multiple Indian markets.Read more

14 May 2026

• Anant Raj Ltd reported a 25% increase in consolidated net profit for the quarter ended March 2026, supported by higher income growth.
• The company posted a net profit of INR 148.71 crore during the quarter, compared with INR 118.79 crore in the corresponding period of the previous financial year.
• Total income for the January–March quarter rose to INR 675.41 crore from INR 550.90 crore a year earlier.
• For the full 2025–26 financial year, the developer recorded profit growth to INR 557.02 crore, while annual income crossed INR 2,579 crore.
• The Delhi-NCR-focused developer continues to expand its operational and financial performance amid sustained activity in the residential property market.Read more

13 May 2026

ASK Curated Luxury Asset Fund I, a real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, has made its first investment in Goa by committing INR 63 crore to a luxury housing project. The investment has been directed towards “Ananda Nilaya,” a villa development by Priority Group in Arpora, North Goa. Spread over 5.12 acres, the project will feature 28 villas and has received all key approvals, including RERA clearance. The developer has a long track record in Goa’s residential market with multiple completed and ongoing projects.Read more

13 May 2026

• Nirala World has announced plans to develop a premium shopping mall project, ‘Nirala Diadem’, in Greater Noida as part of its commercial real estate expansion strategy.
• The mall will be developed on a 2.5-acre land parcel, with a total planned investment of INR 525 crore.
• The developer has already invested INR 175 crore towards land acquisition, while INR 350 crore has been earmarked for construction activities.
• The project is scheduled for completion in the early part of 2030 and is aimed at addressing growing retail space demand in Greater Noida.
• The company currently has an existing portfolio of residential and commercial developments across Greater Noida and Greater Noida West.Read more

13 May 2026

• Blackstone-backed Nexus Select Trust is close to acquiring Galaxy Group’s mixed-use project in Guwahati for nearly INR 1,300 crore.
• The development spans around 1.2 million sq ft and includes retail, office and hospitality components.
• The project is currently under construction and is expected to strengthen Nexus Select Trust’s presence in eastern and northeastern India.
• The deal reflects growing institutional interest in retail-led and mixed-use developments in emerging Tier-II cities.
• Guwahati has been witnessing rising commercial activity due to improving infrastructure, urbanisation and increasing consumer demand.Read more

13 May 2026

• Shares of State Bank of India fell around 4% after the bank reported weaker-than-expected March quarter earnings and lower lending margins.
• SBI’s net interest margin declined to 2.8% from 2.98% in the previous quarter, raising concerns over rising funding costs and profitability pressure.
• Brokerages including JPMorgan Chase and Bernstein flagged weaker core earnings and cautioned about slower earnings momentum ahead.
• Analysts said stable asset quality and healthy loan growth remained positives, but may not fully offset pressure on net interest income.
• Despite near-term concerns, brokerages maintained a positive long-term outlook on SBI due to its strong balance sheet, scale and leadership in the banking sector.Read more

13 May 2026

• Micro Mitti will invest around INR 300 crore in a new commercial project in Indore as part of its expansion plans.
• The project, named ‘Cybercity by Micro Mitti’, is spread across 2.3 acres and will offer 4.48 lakh sq ft of leasable space.
• The development will mainly include office spaces along with supporting retail areas.
• The company aims to cater to Global Capability Centres (GCCs) and AI-led enterprises through the project.
• Construction is underway, and the project is expected to be completed by April 2029.Read more

13 May 2026

• Patna Municipal Corporation has provided nearly INR 40 lakh as rebate to around 35,948 property taxpayers for making early payments in the current financial year.
• The civic body collected close to INR 11 crore in property tax during the initial weeks of the financial year through the rebate scheme.
• A 5% rebate on the principal tax amount is being offered for lump-sum payments made before June 30 under the Bihar Municipal Property Tax Rules, 2013.
• Nearly 60% of taxpayers used online payment methods, including UPI platforms and the municipal portal, showing rising digital adoption.
• PMC has also extended counter timings and started awareness drives as it aims to improve collections and reduce pending dues across city zones.Read more

12 May 2026

The Reserve Bank of India has approved Kotak Mahindra Bank to increase its aggregate holding up to 9.99 per cent each in AU Small Finance Bank and Federal Bank. The approval was communicated to both banks this week through separate regulatory filings. The move allows Kotak Mahindra Bank, along with its subsidiaries and schemes managed by group entities, to expand its exposure in the two lenders. Shares of AU Small Finance Bank, Federal Bank and Kotak Mahindra Bank also witnessed gains in trading following the development.Read more