18 minutes ago

The Telangana government has revised tender rules for its Hybrid Annuity Model (HAM) road projects by capping excess bids at 5% above estimated project costs. The move applies to road development works worth nearly INR 13,000 crore and is aimed at improving cost control, transparency and faster execution. The state is currently implementing hundreds of road projects across districts under the HAM model to improve connectivity and support industrial growth. Officials said the revised norms would help avoid inflated quotations while maintaining contractor participation amid rising construction costs, including higher bitumen, fuel and material prices.Read more

Ahmedabad News Desk

48 minutes ago

The Gujarat government has announced the reconstruction of the hostel complex of B J Medical College in Ahmedabad, which was severely damaged in a previous Air India crash at the site. The state plans to develop a modern facility at an estimated cost of INR 105 crore, with support from Tata Group, which has agreed to contribute INR 53.12 crore for the damage. However, families of victims have requested that the location be preserved as a memorial space for reflection and remembrance, seeking consultation before any final redevelopment decisions are taken.Read more

1 hour ago

• ONGC's board met on 26 May 2026 in New Delhi, approving an in-principle 50:50 joint venture with Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat, pending DIPAM and partner approvals.
• Standalone net profit for FY 2025–26 stood at INR 32,894 crore, down from INR 35,610 crore the previous year; consolidated net profit rose to INR 49,793 crore.
• A final dividend of INR 1 per share was recommended, and a USD 325 million abandonment liability guarantee for the BC-10 block in Brazil was approved.Read more

1 hour ago

• China and Hong Kong stock markets traded lower as weakness in property and AI-linked shares weighed on investor sentiment.
• The CSI 300 Real Estate Index fell 3.9% to a record low, while China Vanke continued to face pressure from its ongoing debt challenges.
• China’s industrial profits recorded their fastest growth since late 2023, but concerns over domestic demand and financing conditions continued to impact markets.
• Semiconductor and AI-related stocks declined despite continued long-term optimism around China’s technology and EV sectors.
• Analysts at CITIC Securities and UBS said investors remain focused on selective growth sectors including AI, infrastructure and chips.Read more

2 hours ago

• The Supreme Court has dismissed Tamil Nadu’s review petition opposing Karnataka’s proposed Mekedatu balancing reservoir project on the Cauvery river.
• Karnataka stated that it would continue work on the project’s revised Detailed Project Report (DPR) following the court’s decision.
• Tamil Nadu has maintained that the project could impact downstream water availability and affect existing Cauvery water-sharing arrangements.Read more

2 hours ago

The Maharashtra government has accelerated plans for redevelopment of the Worli jetty in Mumbai, with proposals for a helipad, water transport integration and emergency service infrastructure at the Coastal Road site. The project is being coordinated between the Brihanmumbai Municipal Corporation (BMC), Maharashtra Maritime Board (MMB) and other state agencies. Authorities are evaluating long-term public use of the temporary jetties constructed during the Mumbai Coastal Road project, including passenger water transport, medical emergency services and coastal connectivity infrastructure.Read more

3 hours ago

Clean Max Enviro Energy Solutions has secured USD 575 million in financing to scale up its solar and wind energy portfolio across India. The funding has been arranged through a mix of domestic and international lenders, supporting the development of Central Transmission Utility-connected renewable projects in Rajasthan and Karnataka. These projects will add to the company’s 1 GW renewable energy capacity. The funds include contributions from public sector banks, global financial institutions, and ECB facilities, along with term loans raised by the company and its subsidiary.Read more

Priyanka Vig

3 hours ago

A fire broke out in a second-floor apartment at Lokhandwala Lands End, a residential building in Andheri West, on Wednesday evening, prompting the evacuation of residents from the premises. Three fire engines and two ambulances were deployed, with emergency teams reaching the spot from Andheri East and bringing the situation under control within nearly 30 minutes. While some residents were moved to the terrace, others were evacuated outside the building safely. Officials suspect the fire may have originated from an air-conditioning unit, though the exact cause is still under investigation.Read more

4 hours ago

• Major real estate developers reported strong FY26 operational and financial performance supported by higher residential sales, collections and project launches across key Indian cities.
• Companies expanded commercial, hospitality, warehousing and annuity portfolios while increasing leasing activity and recurring income visibility.
• Developers also strengthened project pipelines, scaled mixed-use developments and maintained focus on balance sheet management, cash flows and long-term business diversification.Read more

4 hours ago

Keppel DC REIT has announced the termination of its proposed sale involving NetCo bonds and preference shares. The decision was disclosed in a filing released earlier today, with the company confirming that the planned transaction will not proceed further. The update comes as part of its routine corporate disclosures under its listed entity obligations. Keppel DC REIT, which focuses on data centre-related assets, did not provide additional financial details regarding the cancellation. The move reflects a change in direction on the previously proposed divestment exercise.Read more

5 hours ago

Saatvik Green Energy has received an order worth INR 171.45 crore for supplying solar modules for a utility-scale solar project in India. The order involves TOPCon bifacial glass-glass solar PV modules, which generate electricity from both sides of the panel, improving energy output compared to conventional systems. The modules will be supplied to a domestic independent power producer. The company noted that this order reflects continued demand for advanced solar technologies in large-scale renewable projects, as India expands its clean energy capacity and strengthens solar manufacturing and deployment across key industrial segments.Read more

5 hours ago

• Malibu Towne Country Club in Sector 49, Gurugram has received its occupation certificate after remaining shut for over two years.
• The approval came after Malibu Estate Pvt Ltd renewed the township licence and completed pending compliance requirements flagged by authorities.
• The club serves nearly 10,000 residents living in the 204-acre Malibu Towne township along Sohna Road.
• The facility had faced regulatory scrutiny earlier over pending approvals, community infrastructure gaps and alleged deviations from approved plans.
• Residents and RWAs have welcomed the move as reopening of recreational and community facilities is expected to begin shortly.Read more

6 hours ago

PVV Infra is expanding its presence in India’s highway infrastructure sector with plans to pursue 13 National Highways Authority of India (NHAI) wayside amenities projects across key road corridors. The company has already bid for projects on the Gwalior-Jhansi stretch and near Ujjain, while more bids are being prepared for the Delhi-Dehradun corridor. The proposed developments will include fuel stations, EV charging points, food courts, truck terminals, retail spaces and rest facilities. The move comes as NHAI continues to push organised highway infrastructure to support rising traffic movement, logistics demand and long-distance travel across the country.Read more

6 hours ago

A group of environmental activists and Indigenous Australian campaigners are continuing their protest at Victoria Park in Brisbane, where a new stadium for the 2032 Olympics is planned. The Queensland state government has set a Monday deadline for the site to be vacated, with fencing and preparatory construction works already beginning. Aboriginal elders and supporters argue the park holds deep cultural and spiritual importance, while authorities maintain that the project cannot be delayed. Legal and environmental concerns around the site remain unresolved as tensions grow ahead of construction.Read more

7 hours ago

• Rajasthan State Road Development and Construction Corporation (RSRDC) approved an INR 4,938 crore loan proposal for land acquisition linked to the Kotputli–Kishangarh and Beawar–Bharatpur expressways.
• The approvals were cleared during the corporation’s 131st board meeting chaired by Deputy Chief Minister Diya Kumari in Jaipur.
• RSRDC also approved INR 460 crore for the four-laning of the Nasirabad–Sarwar–Kekri–Deoli road on State Highway-26.
• The board increased repair funding for the Gotan–Bilara–Pundal road project from INR 17 crore to INR 27.87 crore.
• The expressway projects are expected to improve Rajasthan’s highway connectivity, logistics movement and future industrial development.Read more

7 hours ago

• Delhi Metro Rail Corporation (DMRC) is expanding last-mile connectivity services across Delhi-NCR through integrated mobility solutions linked with metro stations.
• The initiative includes bike taxis, auto-rickshaws and cab services integrated with metro travel through digital platforms and mobile applications.
• DMRC has partnered with Sahkar Taxi Cooperative Ltd. to improve first- and last-mile transport access for daily commuters.
• Additional metro train trips and station connectivity upgrades are also being introduced to improve commuter movement and reduce dependence on private vehicles.
• The move is part of DMRC’s broader focus on sustainable urban transport, multimodal connectivity and improved public transport usage in Delhi-NCR.Read more

8 hours ago

A fire safety audit conducted across high-rise residential societies in Ghaziabad has identified major safety violations in 43 housing complexes, raising concerns over emergency preparedness in NCR’s growing condominium market. Inspections by the fire department found blocked exits, faulty firefighting systems, non-functional alarms and poor maintenance of safety infrastructure in several buildings. Notices have been issued to resident welfare associations and developers to fix deficiencies within a stipulated timeline. The findings have once again brought focus on fire safety compliance in high-rise apartments, especially as Ghaziabad, Noida and Greater Noida continue to witness rapid vertical residential development.Read more

8 hours ago

Australian shares ended lower as weakness in banking and real estate stocks pulled the broader market down, while investors remained cautious ahead of key inflation data expected this week. Market sentiment was also influenced by ongoing discussions around a possible peace agreement between the US and Iran, though officials indicated that a final deal was still not close. Rate-sensitive sectors faced pressure as traders assessed the Reserve Bank of Australia’s likely policy path. Meanwhile, New Zealand markets moved higher ahead of the country’s central bank policy meeting, where interest rates are widely expected to remain unchanged.Read more

9 hours ago

The Delhi government has cleared infrastructure projects worth over INR 1,000 crore to strengthen Yamuna cleaning efforts and improve sewage and water infrastructure across the capital. The projects include 12 decentralised sewage treatment plants in the Najafgarh region, expansion of the Keshopur sewage treatment plant, rehabilitation of an old trunk sewer line in East Delhi, and a new underground reservoir project in Rohtas Nagar. The initiatives are aimed at reducing untreated sewage discharge into the Yamuna and Najafgarh drain while improving sanitation and water supply services for lakhs of residents living in villages and unauthorised colonies.Read more

9 hours ago

India’s office space market is expected to witness steady growth in net leasing activity across the top seven cities this fiscal year, with demand projected to rise 6–7 per cent, according to Crisil Ratings. The outlook, however, remains sensitive to global headwinds such as geopolitical tensions, tariff-related challenges and potential disruptions linked to artificial intelligence adoption. The IT and ITeS sector continues to be the primary demand driver, though cautious expansion plans are influencing investments. Vacancy levels in Grade A commercial spaces are expected to ease marginally as absorption trends remain stable.Read more

10 hours ago

• Delhi Gymkhana Club has approached the Delhi High Court against the Centre’s order directing the club to vacate its premises in the national capital.
• The petition challenges the government’s action over occupation and administrative control of the prominent Lutyens’ Delhi property.
• The legal dispute adds to the continuing tussle between the Centre and the elite institution over governance, land rights and operational management.Read more

10 hours ago

Daman’s new civil airport is expected to become operational in June as authorities prepare to introduce commercial flight connectivity from the Union Territory. Developed at an estimated cost of INR 97 crore, the airport project is aimed at improving regional air connectivity, tourism access and economic activity in Dadra and Nagar Haveli and Daman and Diu. The first phase is expected to include flight services to Delhi, while additional connectivity to Mumbai and Ahmedabad is planned in subsequent stages as part of broader regional infrastructure development efforts.Read more

11 hours ago

China Vanke Co is seeking one-year extension for four onshore bonds, offering 40% upfront repayment of principal. Two medium-term notes of 2 billion yuan each due June 15 and July 7 with 3.07% coupons are included. A bondholder meeting is scheduled for June 5 with voting deadline June 9. Two additional corporate bonds due or puttable in July also fall under proposal. The move follows earlier approval in January for similar extensions on three yuan bonds. Sources said company has not responded.Read more

11 hours ago

The Brihanmumbai Municipal Corporation (BMC) plans to revive Mumbai’s first decentralised waste-to-energy plant at Pali Hill in Bandra after the facility became defunct last year. Operational since 2018, the citizen-led project developed with the Pali Hill Residents Association processed nearly one tonne of organic waste daily and generated electricity for around 69 streetlights in the locality. Civic officials are now exploring revival of the facility through CSR funding while also assessing expansion of its waste-processing capacity as part of Mumbai’s broader decentralised waste-management initiatives.Read more

12 hours ago

Lagenda Properties reported a marginal decline in its financial performance for the first quarter of 2026, with revenue and net profit remaining largely stable compared to the previous year. The company posted revenue of 262.1 million RGT against 264.4 million RGT in the corresponding period last year, while profit attributable to equity holders stood at 44.2 million RGT. Despite softer earnings, the developer said it plans to maintain its current housing prices for the time being. The company has continued focusing on affordable housing developments, a segment that has supported steady demand in Malaysia’s residential market.Read more

12 hours ago

• Andhra Pradesh Chief Minister N. Chandrababu Naidu has directed officials to prepare a comprehensive coastline development plan for the state’s 1,000-km coastal belt.
• The proposed roadmap will focus on coastal infrastructure, investments, employment generation, fisheries and commercial activities linked to the blue economy.
• The government plans to strengthen aquaculture and improve value addition in shrimp and fish exports, where Andhra Pradesh already holds a leading position in India.
• Officials have also been asked to study marine biodiversity protection and explore the potential of rare earth minerals available along the coastline.
• The initiative is expected to support port-led development, industrial growth and economic activity across coastal districts of Andhra Pradesh.Read more

13 hours ago

• India’s five listed Real Estate Investment Trusts (REITs) distributed more than INR 2,500 crore to unitholders during the fourth quarter of FY26.
• The distributions were supported by stable office leasing demand, strong occupancy levels and steady rental income across commercial property portfolios.
• The performance highlights growing institutional participation and maturity of India’s REIT market amid continued expansion of income-generating office assets.Read more

14 hours ago

The Brihanmumbai Municipal Corporation (BMC) is preparing a revised trenching policy amid rising road excavation works linked to utility infrastructure projects and piped natural gas expansion across Mumbai. The civic body has sought higher allocations for trench-refilling and restoration works as existing provisions have been substantially utilised. Under the proposed framework, utility agencies may be required to directly undertake road restoration after excavation activities. BMC officials stated that the policy aims to reduce repeated road digging, improve restoration quality and ensure quicker reinstatement of roads across the city.Read more

15 hours ago

• Maharashtra Rail Infrastructure Development Corporation has completed the installation of all 40 stay cables for the under-construction Byculla Cable-Stayed Road Over Bridge in Mumbai.
• The four-lane bridge spans 916 metres and includes a 50-metre-high pylon designed to improve east-west connectivity across Byculla.
• The project is being developed at an estimated cost of around INR 287 crore and is expected to improve traffic movement between South Mumbai, Dadar and the Eastern Express Highway.
• Officials stated that the bridge is in its final phase of construction and is expected to provide weather-resilient connectivity for commuters.Read more

16 hours ago

NBCC (India) Limited has reported a robust financial performance for the quarter and full year ended March 2026, with consolidated net profit rising 33.19 per cent year-on-year to INR 742.44 crore in FY26. The state-owned construction and project management company witnessed steady revenue growth driven by execution of large government-led infrastructure and redevelopment projects. The results highlight continued momentum in its project management consultancy and engineering procurement segments, supported by a healthy order book and sustained government infrastructure spending.Read more

17 hours ago

State-owned Indian Railway Finance Corporation (IRFC) has signed an agreement with L&T Metro Rail (Hyderabad) Ltd to refinance the debt obligations of the Hyderabad Metro Rail project through a term loan of INR 13,527 crore. The company plans to disburse INR 13,500 crore by June 2026. This marks IRFC’s first financing deal in the metro rail segment and signals its entry into urban infrastructure funding beyond the railway sector. To support the transaction, IRFC has raised USD 1.1 billion through external commercial borrowings in Japanese Yen and is targeting overall fundraising of INR 70,000 crore during the current financial year.Read more

18 hours ago

• Odisha could attract fresh power sector investments worth INR 25,000-30,000 crore over the next six to 12 months after revising its concessional power allocation policy for thermal projects.
• The state plans to reduce the mandatory concessional power supply from 12-14 per cent to 5 per cent, aligning with the Centre’s framework and improving project viability for developers.
• Industry representatives said the earlier policy had pushed investors towards neighbouring states like Chhattisgarh, which attracted over INR 1.5 lakh crore in thermal power investments and added more than 16 GW capacity over the past decade.
• Companies including Jindal Power, Vedanta and Adani Group are now evaluating investment opportunities in Odisha following the proposed policy change.
• The policy revision comes amid rising electricity demand across India and concerns over power shortages, infrastructure gaps and increasing project costs in the thermal power sector.Read more

19 hours ago

ACME Solar Holdings has signed a 25-year power purchase agreement with Solar Energy Corporation of India for a 300 MW/1,200 MWh ISTS-connected assured peak power project. The project was awarded under SECI’s FDRE Tranche-VII tender and will supply four hours of guaranteed electricity during non-solar hours. The company said the project will use its existing night-time grid connectivity in high irradiation zones. Following this agreement, ACME Solar’s PPA-signed portfolio has increased to 6,570 MW out of its total contracted capacity of 8,070 MW, strengthening its presence in the renewable energy and storage segment.Read more

20 hours ago

• The Brihanmumbai Municipal Corporation plans to launch a citywide digital tree census and green cover dashboard using GIS mapping and digital survey systems.
• The initiative will digitally record tree species, locations, health conditions and plantation data while integrating with Mumbai’s developing 3D digital city model.
• Civic officials stated that the platform is intended to support urban forestry management, environmental monitoring and data-driven planning across Mumbai.Read more

27 May 2026

The Ministry of Ports, Shipping and Waterways has outlined a reform-focused roadmap to improve governance, digital systems and operational efficiency across India’s maritime sector. During a review meeting chaired by Union Minister Sarbananda Sonowal in the past week, officials discussed measures to strengthen grievance redressal, improve ease of doing business and accelerate pending legal and administrative matters. The ministry also decided to develop an integrated digital platform and mobile application under the Directorate General of Shipping to streamline maritime services, digital documentation and stakeholder communication. The discussions also focused on the use of artificial intelligence and data-driven systems for improving transparency and policy implementation.Read more

27 May 2026

• Hitachi Construction Machinery Co Ltd plans to change its corporate name to Landcros Corp from April 1, 2027.
• The rebranding marks a major identity shift for the global construction and mining equipment manufacturer.
• The company has not announced any operational or management changes linked to the new name.
• Hitachi Construction Machinery has a strong international presence, including in infrastructure and mining markets across Asia and India.
• The move comes as global industrial companies increasingly focus on independent branding, technology upgrades and long-term business repositioning.Read more

27 May 2026

• Life Insurance Corporation of India (LIC) reported a net profit of INR 23,420 crore in the March quarter of FY26, making it the most profitable entity in India’s financial sector.
• The state-owned insurer also retained its position as the highest profit-making Central Public Sector Enterprise (CPSE) during the fourth quarter.
• It was followed by State Bank of India (INR 19,684 crore) and HDFC Bank (INR 19,221 crore) in quarterly profitability.
• LIC’s Assets Under Management rose to INR 57,29,396 crore as of March 2026, reflecting steady growth across its portfolio.Read more

27 May 2026

Brihanmumbai Municipal Corporation has initiated the process to raise INR 1,000 crore through municipal bonds in FY27 to support its urban infrastructure funding requirements. The issuance forms part of the civic body’s broader strategy to use market-based borrowing for financing ongoing and planned infrastructure projects across Mumbai. Backed by its strong credit profile and AAA rating, the BMC continues to tap capital markets to diversify funding sources and meet rising capital expenditure needs in India’s financial capital.Read more

27 May 2026

BPTP Ltd announced an investment of INR 1,200 crore to develop its luxury residential project, Downtown 66, located in Sector 66, Gurugram. The project will include 504 apartments and is being funded mainly through internal accruals. Construction work has already begun, with completion expected in the next four years. The company is targeting revenue of over INR 2,500 crore from the development, with apartment prices starting at INR 5.32 crore. It also recently launched Skynest in Greater Faridabad with an investment of INR 1,100 crore amid rising demand in the NCR housing market.Read more

27 May 2026

• RL Commercial REIT Inc confirmed that it is evaluating possible assets for infusion into the company.
• The company did not disclose details regarding the assets, valuation or timeline for any potential transaction.
• The move reflects ongoing expansion and portfolio growth efforts within the REIT sector.
• RL Commercial REIT mainly holds office properties in the Philippines, including assets leased to corporate and BPO tenants.
• Market participants are closely monitoring REIT acquisition pipelines amid evolving office market conditions and interest rate trends.Read more

27 May 2026

MCGM has floated a tender for appointment of a triennial contractor to undertake conservation, cleaning, security and operational maintenance of monuments and heritage structures across Mumbai’s Fort Heritage Precinct. The scope covers restoration of fountains, statues, pyaavs, landscaping, electrical systems and round-the-clock security arrangements for key heritage assets including Flora Fountain and Fitzgerald Fountain. The civic body has also laid down detailed financial, technical and contractual conditions related to deposits, performance guarantees, maintenance obligations and defect liability responsibilities for contractors participating in the project.Read more

27 May 2026

• Telangana government has secured INR 13,600 crore refinancing from Indian Railway Finance Corporation (IRFC) for the Hyderabad Metro Rail project.
• The refinancing will replace high-cost debt and improve the metro project’s long-term financial stability.
• The agreement was signed between IRFC, L&T Metro Rail (Hyderabad) Ltd and Hyderabad Metro Rail Limited (HMRL).
• The move comes after the Telangana government recently took complete ownership control of the Hyderabad Metro project through HMRL.
• Hyderabad Metro’s 69.2-km Phase-I network currently serves around five lakh passengers daily across three corridors.Read more

27 May 2026

• Eldeco Housing and Industries has approved its audited standalone and consolidated financial results for FY26 at its board meeting held on May 25.
• The company received unmodified audit opinions from statutory auditors for both standalone and consolidated financial statements under SEBI listing regulations.
• Eldeco’s consolidated operations include an extensive network of wholly owned subsidiaries engaged in real estate, housing and infrastructure development projects across multiple regions in India.Read more

27 May 2026

• Utopia Real Estate Investment and Tourism reported a Q1 net profit after tax of EGP 9.1 million.
• The company posted quarterly revenue of EGP 13.8 million during the same period.
• The earnings update reflects ongoing activity in Egypt’s real estate and tourism sectors.
• Property and tourism-linked firms in Egypt continue to face inflationary and financing cost pressures while maintaining operations.
• Investors are closely tracking quarterly performances of listed real estate companies to assess market demand and revenue trends.Read more

27 May 2026

• Supreme Court directed the proposed Aravalli expert committee to consult environmentalists, scientists and stakeholders before finalising the definition of the Aravalli Hills.
• The court said the panel should remain small and manageable while allowing wider consultations during the review process.
• The matter is linked to concerns over mining activity and environmental protection across Rajasthan, Haryana, Delhi and Gujarat.
• The apex court had earlier kept its previous Aravalli definition order in abeyance after objections from environmental groups and researchers.
• Restrictions on fresh mining leases and renewals in the Aravalli region continue until further orders from the court.Read more

27 May 2026

• Maharashtra Chief Minister Devendra Fadnavis said the proposed Samruddhi Expressway extension is expected to improve economic activity and connectivity in eastern Maharashtra.
• The expansion is likely to connect districts such as Gadchiroli, Chandrapur and Gondia with the state’s larger road and logistics network.
• The Samruddhi Mahamarg has already reduced travel time between Mumbai and Nagpur from nearly 16 hours to around eight hours.
• The state government is positioning the expressway corridor as a major infrastructure and industrial development route with logistics parks, warehousing hubs and manufacturing clusters planned along the network.
• The project forms part of Maharashtra’s larger infrastructure push involving highways, ports, industrial corridors and freight connectivity projects.Read more

27 May 2026

Flexible workspace operator Awfis Space Solutions Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by higher demand for managed office spaces across key cities. The company’s revenue also recorded healthy growth during the quarter and the full financial year. Awfis continued to benefit from expansion in the co-working and flexible office segment as companies increasingly adopted hybrid working models and managed workspace solutions. The firm, which operates across 18 cities with over 250 centres, has been steadily expanding its footprint amid rising demand from startups, enterprises and global capability centres.Read more

27 May 2026

• The Bombay High Court has directed removal of roadside stalls obstructing Mumbai Metro Line 2-B construction in K/West ward.
• The court stated that public infrastructure projects cannot be delayed due to objections from a few private occupants.
• MCGM has been permitted to demolish the structures and hand over the site to MMRDA if the stalls are not vacated within the court timeline.Read more

27 May 2026

• Ajmera Realty & Infra India approved its audited standalone and consolidated financial results for FY26 at a board meeting held in Mumbai.
• The company has recommended a final dividend of Re 1 per equity share for FY26, subject to shareholder approval at the upcoming AGM.
• Ajmera Realty reported growth in consolidated net profit, total comprehensive income and net worth during FY26 while maintaining an unmodified audit opinion on its financial statements.Read more

27 May 2026

• Centerbridge Partners is reportedly in discussions to acquire a stake in US-based real estate company Merritt Properties, according to a Financial Times report.
• The potential transaction could value Merritt Properties at nearly USD 3 billion.
• Merritt Properties has a significant portfolio of industrial, warehouse, office and flex-space assets across the United States.
• The talks reflect continued investor interest in stable, income-generating commercial real estate assets despite recent market challenges.
• The reported deal also highlights increasing private equity activity in industrial and logistics-focused real estate platforms.Read more