23 Apr 2026

The Reserve Bank of India’s draft framework for classifying upper layer non-banking financial companies is expected to increase compliance burdens for core investment companies, according to India Ratings. The proposal sets an assets under management threshold of INR 1 lakh crore for NBFC-UL classification and may require mandatory listing, impacting privately held CICs with concentrated group exposures. The report noted that while the framework remains largely neutral for most NBFCs, CICs could face higher governance and regulatory costs. The draft has also drawn attention due to its implications for large entities such as Tata Sons, which exceeds the proposed AUM threshold.Read more

23 Apr 2026

PNB Housing Finance reported a 19 per cent year-on-year increase in net profit to INR 656 crore for the March quarter, supported by higher interest income and loan growth. Total income rose to INR 2,172 crore, while assets under management expanded 13 per cent to INR 90,921 crore. Net interest income also recorded growth, although margins saw a marginal decline. Asset quality improved with a reduction in gross NPAs. For the full financial year, the lender reported an 18 per cent rise in profit and announced a dividend of INR 8 per share, subject to shareholder approval.Read more

Pune News Desk

23 Apr 2026

Welspun Enterprises has leased over 4.5 lakh sq ft of office space in Hinjewadi, Pune, marking one of the largest commercial leasing transactions in the city in recent months. The space, located in a Grade A IT park, has been taken on a five-year lease with a total rental commitment exceeding INR 82 crore. The deal reflects sustained occupier demand in Pune’s western IT corridor, driven by expansion plans of domestic firms and continued traction from Global Capability Centres. Hinjewadi remains a key micro-market for large-format office transactions.Read more

23 Apr 2026

Brookfield India Real Estate Trust has launched an institutional placement of units with a floor price set at INR 329.94 per unit, as part of its ongoing capital raising strategy. The move comes after unitholder approval for fundraising through institutional routes and is expected to attract strong interest from global and domestic investors. The placement is aimed at strengthening the REIT’s balance sheet and supporting future acquisitions and growth initiatives across its Grade-A office portfolio. Institutional participation, including global funds, reflects continued confidence in India’s commercial real estate sector despite evolving market conditions.Read more

23 Apr 2026

The central government is working to increase infrastructure funding from domestic long-term capital sources such as insurance companies and pension funds, aiming to reduce reliance on traditional financing channels. A dedicated panel has been constituted to examine mechanisms to deploy such “patient capital” more effectively in large-scale infrastructure projects. The move comes amid rising capital expenditure requirements and growing maturity obligations across sectors such as transport, urban infrastructure and energy. By tapping institutional investors with long-term liabilities, the government aims to improve funding stability, deepen capital markets, and support sustained infrastructure development across the country.Read more

22 Apr 2026

IndiGo has taken a minority stake in Bengaluru-based Sarla Aviation as it looks to enter the electric air taxi segment. The investment of around INR 10 crore was made through its venture arm and marks a renewed push into urban air mobility after an earlier global partnership did not progress. Sarla Aviation is developing a six-seater eVTOL aircraft and plans to launch services in Bengaluru by 2028. The company has already raised over USD 13 million and is also planning a large manufacturing facility in Andhra Pradesh.Read more

22 Apr 2026

IMGC has entered into a partnership with Bajaj Housing Finance Ltd to improve access to home loans for underserved and first-time buyers in India. The collaboration focuses on borrowers with informal income profiles or limited credit histories, who often face challenges in securing housing finance. By combining IMGC’s mortgage guarantee expertise with BHFL’s lending network, the initiative aims to address the credit gap in the affordable housing segment. The partnership will also strengthen risk-managed lending while expanding offerings such as Sambhav Loans, designed for customers outside the formal income bracket.Read more

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