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

02 May 2026

The CREDAI–Liases Foras report on India’s residential real estate market shows strong value-led growth across 50 major cities during 2025. Primary sales reached 614,218 units with a total value of INR 8.46 lakh crore, marking a 16% rise in value terms compared to the previous year. Premium housing continued to dominate, with properties above INR 1 crore contributing 78% of total sales value. The report also highlights steady price appreciation in key cities, balanced supply conditions, and the growing economic role of real estate, which now contributes 7.1% to India’s GDP.Read more

01 May 2026

Neo Alternative Asset Managers has completed the first close of its second infrastructure-focused income fund, raising INR 1,500 crore out of a planned INR 5,000 crore corpus. The fund will invest in operational infrastructure assets with stable revenue streams, largely backed by government contracts. Its focus includes roads and renewable energy sectors, offering predictable long-term income. The firm, which manages over INR 25,000 crore in assets, plans to diversify through select investments such as privately listed InvITs. The move reflects growing investor interest in infrastructure as a steady income-generating asset class.Read more

01 May 2026

The Executive Centre (TEC), a Hong Kong-based managed office space provider, has expanded its presence in India by leasing around 90,000 sq ft across Mumbai and Pune. The company plans to set up three new co-working centres, adding over 1,000 workstations. This move comes amid rising demand for flexible workspaces, which now account for a notable share of Grade A office leasing. Industry data shows strong growth in co-working space absorption, while TEC is also preparing to raise up to INR 2,600 crore through an upcoming IPO, indicating its broader growth strategy in India.Read more

Nagpur News Desk

01 May 2026

The Nagpur Municipal Corporation’s eco-friendly property tax rebate scheme has recorded adoption of less than 1%, despite incentives aimed at encouraging sustainable building practices. The scheme offers tax benefits to property owners implementing measures such as rainwater harvesting and solar energy systems. However, limited awareness, procedural challenges, and compliance requirements have restricted participation. The low uptake highlights the gap between policy intent and on-ground adoption, raising concerns over the effectiveness of incentive-led sustainability measures in urban housing and real estate development.Read more

30 Apr 2026

The Maharashtra government has moved closer to completing the acquisition of the Air India Building at Nariman Point, Mumbai, following the transfer of approximately INR 1,600 crore for the transaction. The deal, which has been under consideration for several years, involves taking over the landmark commercial property from Air India. The building, located along Marine Drive in one of Mumbai’s prime business districts, is expected to be repurposed for government use. The acquisition reflects the state’s strategy to consolidate administrative offices within key urban locations while utilising premium real estate assets in Mumbai’s central business district.Read more