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Realty firm Nexus Select Trust on Tuesday reported a 12 per cent growth in net operating income (NOI) to Rs 498.6 crore and declared the distribution of Rs 346.3 crore among unitholders for the latest quarter ended March. Nexus Select Trust, which is a retail asset-backed Real Estate Investment Trust (REIT), has 19 shopping malls in its portfolio with a gross leasable area of 10.7 million square feet spread across 15 cities in India. During the 2025-26 fiscal, the company's NOI stood at Rs 1,929.6 crore. It has announced the distribution of Rs 1,375.8 crore (Rs 9.081 per unit) for the last fiscal. Nexus Select Trust is aiming to double its portfolio by 2030 and is actively looking for acquisitions. "Aligned with our strategy to double the portfolio by 2030, we recently announced the acquisition of Diamond Plaza mall in Kolkata, with closing expected in the first half of FY27. We have built a robust acquisition pipeline of 8 retail assets across India, two of them are currently unde
Godrej Properties is expecting to maintain its growth trajectory on strong consumer demand for homes and has set a target to achieve a 14 per cent increase in pre-sales this fiscal to Rs 39,000 crore, its executive chairperson Pirojsha Godrej said. In an interview with PTI, he highlighted that the company has performed very well during the last four years on key financial and operational metrics and said the company sees "no hindrance" in meeting the growth target for the current fiscal despite global uncertainties. However, Pirojsha said the company would remain "watchful" and "careful" to uncertainties caused by West Asia conflict for making any adjustment in its business plan. "We are feeling pretty good about the year ahead. Of course, we have to be a little bit careful with what happens globally. But, overall, feeling pretty good about where things stand at the moment. Demand continues to be quite strong," he said. Pirojsha noted that the Indian real estate market is witnessin