04 Feb 2026

Indus Towers reported a sharp 55.6% fall in net profit to INR 1,776 crore for the December quarter, even as revenue rose nearly 8% year-on-year to INR 8,146 crore. EBITDA declined 35.6% to INR 4,509 crore, reflecting a 55.3% margin. The company highlighted its continued digital and AI-driven operational improvements, which have strengthened asset control and execution speed. Supportive government measures on AGR dues of a major telecom client, Vodafone Idea, are expected to enhance financial stability and create positive prospects for Indus Towers.Read more

04 Feb 2026

Meghalaya is expected to receive INR 9,631 crore in tax devolution for 2026-27, enhancing the state's capacity for infrastructure development and capital expenditure. Over the past decade, central transfers have steadily increased, totaling INR 69,339 crore as tax devolution and INR 40,452 crore as grants-in-aid from 2014 to 2024. The Special Assistance to States for Capital Investment has further supported capital projects with INR 6,523 crore allocated between 2020-21 and January 2026. Infrastructure improvements include over 1,156 km of National Highways and 170 km approved under Bharatmala projects. Welfare schemes like Jan Dhan and PM Mudra Yojana have also seen wider reach.Read more

04 Feb 2026

Advent International is investing INR 2,750 crore to acquire a 14.3 per cent stake in Aditya Birla Housing Finance, valuing the company at INR 19,250 crore post-transaction. The investment, made through primary share issuance by ABHF, is aimed at strengthening its financial base and expanding market reach. ABHF, fully owned by Aditya Birla Capital, has a pan-India presence and focuses on prime, affordable, and construction finance segments. With assets under management of INR 42,204 crore and strong risk management practices, the company is positioned among the top three in incremental loan growth.Read more

04 Feb 2026

Asia Pacific real estate buying intentions have reached a four-year high for 2026, driven by stronger rental prospects, easing financing conditions and reduced supply pipelines, a CBRE survey shows. The office segment has become the most preferred asset class for the first time in six years as leasing activity improves. Tokyo continues to lead cross-border investment interest, followed by Sydney, while Hong Kong has re-entered the top rankings. Rising construction costs and geopolitical risks remain key concerns for investors across the region.Read more

04 Feb 2026

Dhamtari district in Chhattisgarh has become the first district in India to implement online property tax collection through the SAMARTH Panchayat portal, marking a milestone in digital rural governance. The initiative was formally rolled out at Sankara gram panchayat in Nagri block where a resident successfully paid property tax using a UPI-linked online payment system, eliminating the need for physical visits to local offices. The move aims to simplify tax payments for rural citizens, enhance transparency, and reduce pending arrears for gram panchayats. The system is slated for roll-out across nearly 400 gram panchayats in the district and may be expanded statewide, according to officials. Representatives from the Union Ministry of Panchayati Raj and state Panchayat and Rural Development departments noted that the project could serve as a replicable model for technology-driven governance across rural India.Read more

04 Feb 2026

Brookfield Asset Management has agreed to acquire US-listed industrial real estate investment trust Peakstone Realty Trust in an all-cash transaction valued at about USD 1.2 billion, as it seeks to capitalise on rising demand for warehouses and industrial storage linked to the expansion of artificial intelligence infrastructure. Under the proposed deal, Brookfield will acquire all outstanding Peakstone shares at USD 21 per share, representing a premium of around 34 per cent to the stock's previous closing price. Peakstone's shares rose sharply following the announcement. The acquisition is expected to close by the end of the second quarter, subject to customary conditions. Peakstone owns a portfolio of 76 industrial assets across the US and recently exited the office segment to focus exclusively on industrial real estate, aligning with Brookfield's broader strategy to scale its industrial platform.Read more

Delhi News Desk

04 Feb 2026

ASK Property Fund has committed INR 260 crore to a luxury residential project by Kreeva, the real estate platform of the Kanodia Group, in South Delhi. The investment supports the acquisition of a prime land parcel valued at about INR 350 crore and the development of a gated vertical housing project spread over nearly 500,000 sq ft. This marks ASK Property Fund's first vertical residential investment in Delhi. The project will offer large-format apartments and reflects rising institutional interest in premium housing within the city.Read more

03 Feb 2026

India's affordable housing supply has collapsed to a fraction of its former share, according to the Economic Survey 2025-26, raising concerns about housing accessibility for low- and middle-income families in major cities. Homes priced below INR 50 lakh accounted for just 17 per cent of new launches in 2025, down sharply from 52.4 per cent in 2018, the survey found, highlighting a structural contraction in budget-friendly residential supply in top urban markets. Analysts attribute the decline to rising land and construction costs, developers focus on premium segments with higher margins, and restrictive regulatory norms that discourage affordable projects. The squeeze in supply comes at a time of persistent demand for affordable housing, with policymakers and industry voices warning that the shortfall could widen further without targeted fiscal and regulatory interventions to revive the segment.Read more

Gurugram News Desk

03 Feb 2026

Gurgaon's district administration has kicked off the verification process for 6,743 affordable homes reserved for economically weaker sections (EWS) under the Haryana government's urban housing initiative, with 4,728 applicants cleared in the first phase. The 1-BHK flats, priced at a highly subsidised INR 1.5 lakh each, are located in private colonies and high-rise societies, providing access to planned, organised urban housing. Authorities received more than 120,000 applications for the units, and initial checks found a substantial number of submissions valid, advancing them to the next stage. Eligible applicants are required to pay a booking amount to move forward in the allocation process, which will conclude with a draw to finalise allotments. Officials have underscored the transparent conduct of the process and urged applicants to interact only through official channels.Read more

03 Feb 2026

India's focused investment in infrastructure and tourism has strengthened regional growth and domestic travel, the Vice President noted during the closing ceremony of a national cultural event at the Red Fort. Highlighting over 400 crore domestic tourist visits last year, he emphasized that improved road networks, expanded rail connectivity, new airports, and enhanced heritage and pilgrimage facilities have benefited previously less-connected regions, including the Northeast. Cultural initiatives such as Bharat Parv and Kashi Tamil Sangamam have further promoted national integration, showcasing India's diversity while boosting tourism and local economic activity.Read more