Real Estate

Keystone Realtors Limited reported a 19% year-on-year decline in consolidated net profit to Rs 52.42 crore for the quarter ended March, primarily due to a sharp rise in operating expenses. In the same period last year, the company had posted a profit of Rs 64.80 crore. Despite the profit contraction, total income more than doubled to Rs 1,613.36 crore, compared to Rs 642.20 crore a year earlier, reflecting strong revenue expansion.

Brookfield India Real Estate Trust reported a robust financial performance for the March quarter, with net operating income rising 52% year-on-year to Rs 742.9 crore, reflecting strong underlying asset performance and improved leasing momentum. For the full fiscal year, net operating income climbed to Rs 2,291.3 crore, compared to Rs 1,854 crore in the previous year. The board also approved a distribution of Rs 456.43 crore, equivalent to Rs 5.50 per unit, for the quarter ended March 31, 2026.

Micro Mitti has announced plans to invest Rs. 300 crore in a new commercial development in Indore, signaling growing confidence in the expansion of India’s tier-II commercial real estate markets. The company has launched ‘Cybercity by Micro Mitti,’ a mixed-use commercial project spread across 2.3 acres with a planned leasable area of approximately 4.48 lakh square feet. The development will primarily feature office spaces alongside complementary retail infrastructure.

Aptus Value Housing Finance India Ltd. reported a strong financial performance for the March quarter, with net profit rising 26 percent year-on-year to Rs. 261 crore. The housing finance company attributed the growth partly to technology enhancements that improved operational efficiency and customer servicing capabilities. Total income for the January-March quarter increased 19 percent to Rs. 594 crore compared with Rs. 499 crore in the corresponding period last year.

Godrej Properties Limited reported a sharp 70% year-on-year rise in consolidated net profit for the quarter ended March, supported by strong revenue growth and robust real estate demand. Net profit increased to Rs 649.88 crore compared with Rs 381.99 crore in the same period last year. Total income rose significantly to Rs 3,806.65 crore from Rs 2,681.06 crore in the corresponding quarter of the previous fiscal.

Bajaj Housing Finance reported a steady financial performance in the latest quarter, supported by a notable rise in total and interest income. While profit levels remained anchored to a high base from the previous year, the company demonstrated resilience through consistent revenue expansion and robust lending activity. Growth in interest income highlights sustained demand in the housing finance segment, even amid evolving interest rate dynamics.

India’s residential real estate market is witnessing a structural shift, with affordable housing sales declining sharply in early 2026 even as premium segments continue to gain traction. Data indicates a 23 percent year-on-year drop in homes priced below Rs 50 lakh across major urban centers, driven largely by constrained supply and rising input costs. Mid-income housing has also softened, signaling broader demand recalibration. 

Brigade Enterprises Ltd has unveiled plans to develop a large-scale residential township in Bengaluru, with an estimated revenue potential of Rs. 7,200 crore. The project, spanning 39 acres in the rapidly growing Whitefield–Sarjapur corridor, will be executed through a joint development agreement for an initial 8.63-acre parcel in Gunjur. The move reflects strong confidence in Bengaluru’s real estate market, driven by sustained demand for premium housing and expanding infrastructure.

India’s office real estate sector witnessed a notable slowdown in the first quarter, with net leasing declining 24 percent year-on-year to 11.51 million square feet across the top eight cities. The drop reflects a combination of subdued corporate expansion and limited availability of quality office space. While global uncertainties, including tensions in West Asia, have tempered near-term demand, industry experts remain optimistic about India’s long-term growth trajectory.

Nimbus Projects reported a sharp 77 percent rise in sales bookings for the March quarter, reaching Rs. 281.24 crore compared to Rs. 158.90 crore a year earlier. Despite this quarterly momentum, full-year pre-sales moderated to Rs. 545 crore in FY26 from Rs. 653 crore in the previous fiscal. The performance reflects resilient homebuyer demand in key markets, supported by timely project execution and disciplined sales strategies.