05 May 2026

Apartment prices across seven major Indian cities increased in the recent January–March period, rising between 8–20 per cent on a year-on-year basis, driven by higher input costs and stronger demand for premium housing. Apartment sales also grew 8 per cent to 70,631 units compared to the same period last year, while new supply increased 13 per cent. Demand remained stronger in the higher price segment above INR 1 crore, even as affordable housing sales declined. Market participants noted that while demand remains steady, buyers are becoming more selective amid cost pressures and economic uncertainty.Read more

04 May 2026

Federal Bank has announced the acquisition of a portion of Standard Chartered Bank’s credit card portfolio in India to strengthen its presence in major urban markets. The portfolio includes up to 4.5 lakh credit cards, which will be added to Federal Bank’s existing base of non-co-branded and co-branded cards. The deal is expected to significantly boost the lender’s credit card receivables and expand its footprint across top cities. Standard Chartered, meanwhile, is streamlining its focus towards affluent, multi-product customer relationships while continuing its presence in the credit card segment.Read more

04 May 2026

Mindspace Business Parks REIT is planning to raise INR 5 billion through a 10-year bond issuance, according to market sources. The company has invited bids from bankers and investors, with the issue expected to be finalised in the coming week. The bonds are proposed to carry a AAA rating from CRISIL, indicating strong credit quality. The fundraising reflects continued access to debt markets by office REITs to support capital requirements, refinance obligations, and optimise funding costs amid stable leasing activity in key commercial markets.Read more

04 May 2026

Smartworks Coworking Spaces Ltd reported a turnaround in profitability, posting a consolidated net profit of INR 16.62 crore for the latest quarter of the current fiscal period, compared to a loss of INR 8.3 crore in the same period a year ago. The company also recorded a 47% rise in total income to INR 532.70 crore for the quarter. For the full financial year, Smartworks moved into profit with INR 10.52 crore, supported by higher occupancy demand and expansion of managed office spaces. Its annual income rose to INR 1,849.9 crore, reflecting steady growth in the flexible workspace segment.Read more

04 May 2026

Edelweiss Financial Services has reported a decline in its consolidated net profit for the latest March quarter, falling 16.65% to INR 132 crore compared with INR 158.32 crore in the same period last year. The company also saw its total income reduce to INR 1,969.28 crore from INR 2,343.26 crore a year earlier. Despite quarterly pressure, the firm recorded stronger full-year performance with higher profit and income. The board has proposed a dividend of INR 1.50 per share, subject to approval at the upcoming annual general meeting. Its alternatives arm is progressing towards an IPO.Read more

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