Page 3 - Prachi Pisal

Data centre sector gets policy boost as LS clears taxation amendment Bill

The Bill recognises leased data centres under the tax framework and removes notification requirements, with experts expecting faster investment and lower set-up costs

Property Share files for ₹484 crore IPO of its fourth SM REIT scheme

Property Share Investment Trust has filed draft papers for its fourth SM REIT scheme, PropShare Lumina, aiming to raise up to ₹484.68 crore through a fully leased Grade A+ office asset in Noida

JLL Business Services opens 1.2 lakh sq ft GCC in Hyderabad, eyes expansion

JLL Business Services has launched a 120,000 sq ft global capability centre in Hyderabad's Financial District, with plans to expand the workforce to 1,600 over two years

Nexus Select Trust eyes two eastern India mall deals in 60-90 days

The Blackstone-backed Reit plans two to three acquisitions annually and aims to add Rs 125-150 crore of stabilised net operating income through inorganic growth

Kolte-Patil Developers announces 6 MMR projects worth ₹6,000 crore GDV

The Blackstone-backed developer plans to launch the projects across Mumbai and Navi Mumbai over the next six to 12 months, subject to regulatory approvals

Mindspace Reit Q1 results: Net operating income rises 28% to ₹788 crore

Higher rental income, acquisitions and sustained occupancy helped the K Raheja Corp-backed Reit report strong growth in the June quarter

Realty firms welcome repo rate pause, see support for housing demand

Developers said stable borrowing costs would support buyer confidence and project execution, though Anarock cautioned that the pause may not revive mass-market housing

Reit, Invit investors to regain dividend tax break; SPV surcharge will rise

The government proposes restoring tax-free REIT and InvIT dividends while raising the surcharge on SPVs to keep the changes revenue-neutral

Godrej Properties' Q1 net profit falls 42%; booking value rises 22%

The real estate developer retained its FY27 guidance despite lower quarterly income, while booking value rose 22 per cent on strong demand across key markets

Keystone Realtors' Q1 profit jumps over threefold on higher revenue

The Mumbai-based developer's profit surged on higher revenue and margins, while it retained its ₹8,000-crore launch pipeline despite higher construction costs

Kalpataru narrows Q1 loss to ₹27 crore on higher revenue, collections

Realty developer reports higher revenue, pre-sales and collections in Q1, while expanding its project pipeline with luxury launches and a redevelopment project in Mumbai

Tata Projects appoints Sukumar Hebbar as managing director and CEO

Former Larsen & Toubro executive Sukumar Hebbar succeeds Vinayak Pai as Tata Projects looks to expand its presence across infrastructure, data centres and industrial EPC.

Nexus Select Trust posts 11% NOI growth on strong leasing, consumption

Blackstone-backed retail Reit reports double-digit growth in consumption, leasing and distributions, while building an acquisition pipeline to expand its portfolio by 2030

Property tech firms find new opportunities in real estate through AI

While AI boosts property sales and efficiency, buyers and experts agree human trust remains essential

Prestige Estates Q1 profit drops 19% despite 16% rise in revenue

Higher contractor and land costs weigh on earnings even as revenue, collections and commercial leasing remain strong during the quarter

Adani Ports Q1 results: PAT rises 9% to ₹3,620 crore on higher revenue

EBITDA rose 19 per cent to ₹6,540.60 crore as the operating margin stayed near 60 per cent, but joint ventures swung to a ₹287.76 crore loss from a ₹157.30 crore profit

ArcelorMittal's subsidiary leases 82k sq ft office space in Hyderabad

The subsidiary expands its Hyderabad footprint with a new lease in the Financial District, taking its total office space in the building to around 1.65 lakh sq ft

L&T Q1 results: Profit beats estimates, jumps 14% on higher income

Revenue rises 6.7%; order inflows grow 14% despite West Asia disruptions

AI data centre rush fuels India's next growth wave with infrastructure push

India's AI data centre boom is driving investments in clean energy, real estate, manufacturing and jobs as global tech giants and conglomerates expand infrastructure

Knowledge Realty Trust posts 15% growth in Q1 FY27 NOI on strong leasing

The Blackstone- and Sattva-backed Reit reported higher leasing, improved occupancy and rental growth, while remaining optimistic about acquisitions and office demand