Ludhiana News Desk

17 Apr 2026

The Ludhiana Improvement Trust (LIT) conducted a draw of lots for 179 flats under its Atal Apartment housing scheme, attracting strong participation from applicants. The draw covered 43 high-income group (HIG) and 136 middle-income group (MIG) units, with over 1,500 applications received. Held during the Baisakhi period, the event saw public participation and was conducted in the presence of state officials. The project, located at Karnail Singh Nagar on Pakhowal Road, is currently under construction and is expected to be completed later this year. The initiative reflects continued demand for mid-income housing in Ludhiana amid limited public sector residential supply.Read more

17 Apr 2026

Brookfield Asset Management is looking to divest its 550 MW solar power project in Bikaner, Rajasthan, with an estimated enterprise value of around INR 3,000 crore. The asset is fully operational and backed by long-term power agreements, making it attractive to both domestic and global investors. The move is part of Brookfield's strategy to recycle capital from stable assets and invest in emerging energy segments. The deal reflects growing investor interest in India's renewable energy sector, especially in commercial and industrial power supply projects.Read more

17 Apr 2026

Nuvoco Vistas Corporation reported a sharp rise in consolidated net profit to INR 359.77 crore in FY26 from INR 21.84 crore in FY25, supported by higher volumes and improved operational efficiency. Total income grew to INR 11,362.35 crore. However, the March quarter saw a dip in profit despite higher revenue due to increased costs. The company also approved investments in renewable energy and logistics infrastructure, indicating a continued focus on cost control, sustainability, and regional expansion.Read more

16 Apr 2026

Bajaj Housing Finance is planning to raise up to INR 10 billion through the reissue of its January 2029 bonds, including a greenshoe option of INR 5 billion. The proposed issuance, carrying a 7.25% coupon, will be offered to investors via commitment bids scheduled in the coming day. Rated AAA by CRISIL, the bonds have a remaining tenure of approximately two years and nine months. The fundraising forms part of broader activity in India's debt market, where multiple non-banking financial companies are tapping institutional investors for capital amid steady credit demand.Read more

16 Apr 2026

Non-banking finance companies are expected to increase their reliance on bank borrowings in FY27 as lower interest rates make bank loans more attractive compared to other funding sources, according to a rating agency update issued earlier this week. The share of bank borrowings, which had already risen to 43% in FY26, is projected to move closer to 45% in the current fiscal. The shift is being driven by softer bank lending rates, elevated bond yields, and muted external commercial borrowing activity amid global uncertainties and exchange rate volatility.Read more

16 Apr 2026

The World Bank has approved a USD 225 million loan for a highway modernisation project in Rajasthan aimed at improving road efficiency, safety, and climate resilience. The project will upgrade and maintain around 800 km of state highways and benefit more than 3 million people. It also seeks to strengthen the institutional capacity of the Rajasthan State Highway Authority and support job creation across key economic corridors spanning agriculture, industry, mining, and tourism. The funding, provided through the International Bank for Reconstruction and Development, includes a 35-year maturity with a five-year grace period. The initiative addresses infrastructure gaps in a state that connects nearly 40% of India's markets.Read more

16 Apr 2026

Net leasing of office space across India's top eight cities declined 24 per cent in the January-March 2026 quarter to 11.51 million sq ft, according to Cushman & Wakefield, due to softer demand and an 18 per cent fall in new supply. Despite this, gross leasing rose 13 per cent year-on-year to 21.89 million sq ft, supported largely by global capability centres, which accounted for around 40 per cent of demand. Vacancy levels are gradually tightening as demand continues to outpace quality supply, while corporates remain cautious amid global uncertainties, though long-term market sentiment remains steady.Read more

16 Apr 2026

The Income Tax Appellate Tribunal (ITAT) has ruled that no capital gains tax is payable when a residential property is sold at the same price at which it was acquired, reaffirming that tax liability arises only when there is an actual profit. The decision, delivered in the past week by the Mumbai bench, involved a jointly owned flat that was sold for INR 85 lakh, identical to its purchase value. Despite this, the tax authorities had initially treated part of the transaction as short-term capital gains due to insufficient documentation. The tribunal set aside the addition after examining evidence and noting that no real income had been generated. The ruling provides clarity on capital gains computation and underscores the importance of accurate documentation in property transactions.Read more

16 Apr 2026

India's office leasing market recorded gross absorption of 21.6 million sq ft across six major cities in the first quarter of 2026, reflecting a 10% year-on-year increase, according to a report by Savills India. The growth was led by strong occupier demand, particularly from technology firms, flexible workspace operators, and global capability centres (GCCs). Bengaluru emerged as the leading market with 6 million sq ft of leasing activity, followed by Hyderabad and Delhi-NCR. While demand strengthened, new supply declined 28% to 7.9 million sq ft, contributing to a moderation in vacancy levels to 13.9%. Large transactions exceeding 100,000 sq ft accounted for over half of total leasing, indicating continued preference for scale among occupiers despite prevailing global economic uncertainties.Read more

16 Apr 2026

The Union government has announced a tax exemption on compensation received by landowners whose land is acquired for national highway projects, removing the liability of income tax and stamp duty on such transactions. The decision, reported in the past week, is expected to provide financial relief to affected individuals, particularly farmers and rural landholders. The move aligns with provisions under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, and forms part of broader efforts to ease land acquisition challenges in infrastructure development. By ensuring that compensation remains fully accessible to beneficiaries, the policy aims to reduce disputes, improve acquisition timelines, and support the execution of highway projects across the country.Read more