08 May 2026

Retail-focused non-banking financial company InCred Holdings has filed updated draft papers with the Securities and Exchange Board of India for its proposed initial public offering, which market sources estimate could raise around INR 3,000–4,000 crore. The proposed public issue includes a fresh issue of shares worth up to INR 1,250 crore and an offer-for-sale component by existing investors including KKR India Financial Investments and MEMG Family Office LLP. The company is targeting a valuation of nearly INR 15,000 crore through the listing. Proceeds from the fresh issue are proposed to be infused into its lending subsidiary to strengthen capital adequacy and support business growth. The IPO filing comes amid continued activity in India’s financial services and NBFC capital markets segment.Read more

08 May 2026

Mindspace Business Parks REIT has successfully secured INR 5 billion through the issuance of 10-year bonds, attracting interest from bankers and investors. The bonds carry an annual coupon of 7.63 percent and were rated AAA by Crisil, indicating strong credit quality. The bidding process saw participation from multiple market players, reflecting continued confidence in REIT-backed instruments. The issue size includes base and greenshoe portions where applicable. The company has not issued any official statement on the development so far.Read more

08 May 2026

Desco Infratech Limited reported strong financial growth for FY 2025–26, driven mainly by its City Gas Distribution segment and improved project execution. The company nearly doubled its revenue and recorded significant increases in profit and EBIT. While margins saw slight moderation due to expansion into the Power and Renewable EPC segment, the move is part of a long-term diversification strategy. Key developments included the acquisition of Shri Green Agro Energies Private Limited and entry into international markets through a UAE subsidiary. The company continues to maintain a strong order book and remains optimistic about future growth.Read more

08 May 2026

Section 54 of the Income Tax Act, 1961 continues to influence residential property transactions by allowing individuals and Hindu Undivided Families (HUFs) to claim exemption on long-term capital gains arising from the sale of a residential asset. The provision permits reinvestment into another residential property within specified timelines, thereby deferring tax liability. The exemption is capped at INR 10 crore and applies only where gains are reinvested in a property located in India. The rule also mandates a three-year holding period for the new asset to retain tax benefits. The framework has remained a key consideration for home sellers, particularly in high-value urban markets, as it directly impacts reinvestment decisions, transaction structuring, and capital allocation within the residential real estate sector.Read more

08 May 2026

Larsen & Toubro reported a 3 per cent year-on-year decline in consolidated profit after tax at INR 5,326 crore for the March quarter of FY26, primarily due to a one-off gain recorded in the previous year. Revenue from operations rose 11 per cent to INR 82,762 crore, indicating steady execution across segments. The company’s order book reached an all-time high of INR 7,40,327 crore, with international orders contributing over half the total. During the period, L&T also moved ahead with divestments in its concessions portfolio, including Nabha Power and Hyderabad Metro. The company highlighted continued momentum in India’s services and digital economy, alongside board-level changes and a proposed dividend payout.Read more

08 May 2026

KPI Green Energy reported a strong financial performance in the past week, with its consolidated net profit rising by over 49 per cent for the March quarter. The growth was mainly supported by a significant increase in revenue. The company also announced dividend payouts for the financial year 2025–26, including a final and a special dividend, subject to shareholder approval. Meanwhile, its stock price saw an upward movement during intra-day trading on the BSE, reflecting positive market sentiment around its earnings performance and overall growth trajectory.Read more

08 May 2026

The initial public offering of Bagmane Prime Office REIT, backed by Blackstone, recorded a 71 per cent subscription on its opening day, reflecting early investor participation across categories. The INR 3,405 crore issue, which includes a mix of fresh issuance and an offer for sale, has attracted INR 1,150 crore from anchor investors. The REIT, headquartered in Bengaluru, holds a portfolio of Grade A+ office parks spanning over 20 million sq ft across key commercial corridors. Proceeds from the issue are earmarked for asset acquisitions, including properties within Bagmane Capital Tech Park and Bagmane Rio Business Park. The public issue remains open for subscription over the ongoing week.Read more

08 May 2026

India’s six largest co-working and managed office operators are expected to invest between INR 4,000 crore and INR 4,500 crore over the current and next financial years to expand their portfolios, according to Crisil Ratings. The sector is projected to increase its total capacity by 16–18 per cent to around 140–145 million sq ft, up from approximately 100–105 million sq ft at present. The expansion follows sustained growth over recent years and is being driven by rising corporate adoption of flexible workspaces for cost efficiency and operational agility. Flex operators are also increasing their share in overall office space absorption, with further expansion planned across new markets, including Tier-II cities.Read more

08 May 2026

CBRE South Asia has introduced Investment IQ Pro, an AI-powered workflow platform aimed at improving real estate investment processes, at the CII BFSI Summit in Mumbai. The platform is designed to replace fragmented, manual coordination systems with an integrated digital framework connecting developers, consultants, lenders and trustees. It enables faster approvals, automated verification and enhanced compliance aligned with regulatory standards. The solution builds on CBRE’s existing Investment IQ platform and targets inefficiencies such as delayed reporting and lack of real-time visibility. The company indicated that several institutional stakeholders are already onboarding, with the platform positioned to support capital deployment, governance and cashflow management across India’s real estate sector.Read more

Hyderabad News Desk

08 May 2026

Hyderabad has emerged as the leading market for ultra-luxury housing in South India, recording sales worth INR 8,562 crore in FY26 for homes priced above INR 10 crore. The city saw 625 transactions, significantly higher than Bengaluru and Chennai. Demand has been driven by larger home sizes, better value at similar price points, and steady infrastructure growth. Key locations such as Kokapet led activity. The report also shows a strong shift towards spacious, high-value homes, with Hyderabad witnessing consistent growth in this segment over the past few years.Read more