22 Apr 2026

Office rentals across India’s top cities have continued to rise, with Bengaluru and Delhi-NCR crossing the INR 100 per sq ft mark for the first time, joining Mumbai. According to Knight Frank, strong leasing demand and limited new supply have driven this growth. Rental values increased between 2 per cent and 15 per cent annually during the past quarter across eight major cities. Despite a sharp rise in new completions, demand has significantly outpaced supply, leading to lower vacancy levels and tighter market conditions across key office markets.Read more

22 Apr 2026

Shree Cement and Ansal Housing have received separate tax-related orders from authorities, resulting in fresh financial demands, while Kesoram Industries has obtained significant relief after a reassessment reduced its tax liability sharply. Shree Cement is facing a service tax demand of INR 8.31 crore, whereas Ansal Housing has been issued an income tax demand of INR 19.20 crore for a recent assessment cycle. Kesoram’s liability, which was earlier much higher, has been reduced to INR 6.03 crore. All companies are planning to challenge or review the respective orders.Read more

22 Apr 2026

Net office leasing in Mumbai and Delhi-NCR declined 51 per cent year-on-year to 3.28 million sq ft during the January–March quarter, primarily due to lower fresh supply, according to Cushman & Wakefield. Leasing in Mumbai fell 38 per cent to 1.77 million sq ft, while Delhi-NCR saw a sharper 61 per cent drop to 1.51 million sq ft. Fresh supply remained limited at 0.89 million sq ft in Mumbai and 1.8 million sq ft in Delhi-NCR. Across eight major cities, leasing fell 24 per cent to 11.51 million sq ft. Despite lower absorption, office rentals continued to rise across key micro-markets, reflecting sustained demand for Grade-A spaces.Read more

22 Apr 2026

Bank of Maharashtra reported a strong performance for the March quarter of FY26, with net profit rising 35% to INR 2,014 crore compared to INR 1,493 crore in the same period last fiscal year. The bank also recorded higher total and interest income, supported by steady business growth. Asset quality showed improvement, with both gross and net non-performing assets declining further. While profitability and asset quality strengthened, the capital adequacy ratio witnessed a drop compared to the previous year, though it remained at a comfortable level.Read more

22 Apr 2026

The Public Works Department has initiated the compensation claim process for land acquired for the Ponda Bhoma highway expansion in Goa. Around 46,308 square metres of land across multiple villages has been notified, and affected landowners have been asked to submit claims. The project includes widening works, flyovers, and underpasses to ease traffic congestion. The construction contract worth INR 273 crore has already been awarded, though the work order is still pending. The project has faced local resistance earlier, mainly over land acquisition and impact on structures.Read more

21 Apr 2026

The Securities and Exchange Board of India has approved initial public offerings of Avaada Electro, Sonaselection India and Grand Housing, with observations issued over the past week. Avaada Electro plans to raise INR 9,000–10,000 crore through a mix of fresh issue and offer-for-sale, with proceeds expected to fund solar manufacturing expansion, including a 5.1 GW facility in Uttar Pradesh and capacity additions in Maharashtra. Sonaselection India will issue 1.43 crore fresh shares to reduce debt and fund capex, while Grand Housing’s IPO is entirely an offer-for-sale of 3.55 crore shares. All three companies are set to list on the BSE and NSE.Read more

21 Apr 2026

BPTP Ltd has announced a significant expansion in the Delhi-NCR real estate market with a planned investment of around INR 1,100 crore for a luxury residential project in Faridabad. The company has launched its new project named ‘Skynest’ in Sector 80, Greater Faridabad, which will include 325 residential units. The project is expected to generate a total revenue of nearly INR 1,800 crore, with apartment prices starting at around INR 5 crore. While the company has not officially disclosed the total cost, regulatory filings indicate a project cost close to INR 1,100 crore.Read more

21 Apr 2026

NBCC Ltd has completed the e-auction of approximately 14 lakh sq ft of commercial space at Bharat Business Park in Sarojini Nagar, New Delhi, achieving a total transaction value of around INR 5,779 crore. The offering, part of a larger redevelopment initiative, saw strong participation from corporates, multinational firms and institutional investors. The average realised rate stood at INR 41,207 per sq ft, surpassing the reserve price and indicating sustained demand for Grade A commercial assets in established urban locations. The monetisation forms part of a broader government-led redevelopment programme, with proceeds earmarked for financing residential colony upgrades. NBCC will earn a one per cent marketing fee from the transaction, further reinforcing its role as a key project management and monetisation agency.Read more

21 Apr 2026

Aditya Birla Capital has diluted its stake in Aditya Birla Housing Finance Ltd by selling a 14.29 per cent stake to Indriya Ltd, backed by private equity firm Advent International. The transaction, valued at INR 2,750 crore, was completed through a preferential allotment of equity shares. Following the deal, ABHFL is no longer a wholly owned subsidiary, with Aditya Birla Capital retaining an 85.505 per cent stake. The move reflects continued investor interest in housing finance companies amid steady demand for home loans and retail credit expansion.Read more

21 Apr 2026

Technology firm Atomic North has opened a new office in Chennai, located at WeWork DLF Cybercity on Mount Poonamallee Road, Manapakkam, as part of its expansion in South India. The facility is intended to strengthen regional client engagement and tap into Chennai's technology talent pool. The company plans to recruit across engineering, operations, and client-facing roles in the coming months. The move reflects Atomic North's broader strategy to scale its presence across India and enhance service delivery to clients in the southern market.Read more