Smartworks Coworking Spaces Ltd made a confident debut on the stock exchanges this past week, listing at a premium of over 7% compared to its issue price of INR 407. The Gurugram-based company's IPO, which aimed to raise INR 583 crore, received a robust subscription of 13.45 times on the final bidding day, underlining strong investor appetite. The IPO proceeds will primarily be used to expand its flexible office space portfolio and reduce debt. With 48 operational centres and more than 1.9 lakh seats across major Indian cities, Smartworks is positioning itself for accelerated growth in India's evolving office real estate segment.Read more

Real estate developer Kalpataru Ltd witnessed a 42% drop in its consolidated net profit to INR 14 crore during the January-March quarter of FY25, largely impacted by increased expenses. Despite the dip in bottom line, the company's operational momentum remained strong, with revenue from operations rising 21% year-on-year to INR 667 crore. The quarter also saw pre-sales touch an all-time high of INR 1,724 crore, up nearly 79%, with average realisation per square foot improving significantly. Kalpataru ended the full fiscal year with a turnaround, reporting a net profit of INR 21.6 crore compared to a loss in the previous year, supported by a robust project pipeline and a successful IPO.Read more

Embassy Office Parks REIT, India's first publicly listed Real Estate Investment Trust, is reportedly planning a bond sale aimed at raising INR 2,000 crore. This significant financial move is intended to fuel the REIT's strategic expansion, facilitate the acquisition of new properties, and potentially refinance existing debt. The decision reflects confidence in the robust commercial real estate market and the strong performance of its diverse portfolio, which currently boasts high occupancy rates and substantial net operating income, positioning the REIT for continued growth in India's dynamic office space sector.Read more

ITC Hotels Ltd reported a 53% year-on-year rise in net profit for Q1 FY26, reaching INR 133.71 crore. This growth was supported by increased travel demand and a boost in operating revenue, which climbed to INR 815.54 crore. Higher room rates, solid occupancy, and strong food and beverage performance across urban and resort destinations contributed to the uptick. Expenses rose due to service upgrades and inflationary costs, but margins remained stable. Pursuing an asset-light expansion model, the company continues to grow its presence via managed properties. A rebound in corporate travel, leisure tourism, and MICE activities has further strengthened sectoral momentum.Read more

HDB Financial Services reported a 2.4% year-on-year drop in net profit to INR 568 crore for Q1 FY26. This decline was primarily due to a sharp rise in loan loss provisions (over 60% to INR 670 crore) and an increase in gross stage-3 assets (NPA ratio up to 2.56%). Despite this, gross loans grew 14.3% to over INR 1 lakh crore. Disbursements fell due to reduced enterprise lending, but revenue from operations rose 15% to INR 4,465 crore. This is the non-bank lender's first quarterly report post-listing, highlighting mixed financial performance.Read more

Belagavi City Corporation (BCC) recorded an all-time high property tax collection of INR 44.7 crore in the first quarter of FY26. This milestone was driven by an aggressive early-payment incentive campaign and structured tax recovery strategy. The civic body had already collected INR 30.8 crore in April alone without any special campaign which set the tone for this record performance. With an annual target of INR 75 crore and an internal goal of INR 79 crore, the corporation is now focusing on tackling unauthorised constructions and chronic defaulters by initiating stringent legal and recovery actions.Read more

The Executive Centre is planning an Initial Public Offering (IPO) in Mumbai to raise INR 26 billion (USD 303 million). This aims to capitalize on India's growing demand for workspaces. The flexible workspace manager serves 51,000 customers across Asia and Australia. India's flexible workspace industry is projected to grow to USD 9 billion by 2028. Other firms are also going public. The Executive Centre has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to manage its upcoming listing.Read more

The Indian real estate sector recorded transactions totalling USD 2.5 billion during the first half of 2025, marking an 8% decline in value compared to the same period in 2024, according to Grant Thornton Bharat. While deal volume rose from 40 to 45 transactions, the total value dipped from USD 2.7 billion. The deals included IPOs and Qualified Institutional Placements, with institutional interest in commercial platforms remaining strong.Read more

Property Share Investment Trust is launching an INR 473 crore initial public offering (IPO) for PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT), with the public issue scheduled to open shortly. The IPO involves only a fresh issue, with units priced between INR 10 lakh and INR 10.6 lakh. Funds raised will be allocated for acquiring Titania SPV, loan repayments, and corporate expenses. PropShare Titania comprises a fully-leased 4.37 lakh sq ft office space in G Corp Tech Park, Mumbai, with Fortune 500 and blue-chip tenants.Read more

WeWork India has secured approval from SEBI to launch its Initial Public Offering, paving the way for its promoters Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd to sell their stakes via an Offer for Sale. Backed by Embassy Group and operating under the WeWork brand since 2017, the company is riding a wave of strong demand for flexible workspaces across major Indian cities. While it recorded a net loss in FY24, it turned profitable in the first half of FY25. The IPO, which will not raise fresh capital, aims to enhance the company's visibility and liquidity in public markets.Read more