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Mindspace REIT Q1 FY26 NOI Rises 24.2%

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) reported a year-on-year increase of 24.2% in net operating income (NOI) for Q1 FY26, amounting to ₹616 crore for the quarter ending June 30, 2025. The loan-to-value (LTV) ratio was about 25%. The company issued commercial papers worth ₹800 crore at an effective monthly rate of 6.46% and raised ₹600 crore through a five-year non-convertible debenture (NCD) at an effective monthly rate of 7.15%. Additionally, the cost of debt decreased by 29 basis points on a sequential basis, reaching 7.84% per annum. The board of K Raheja Corp Investment Managers, which manages…

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

Sri Lotus Developers’ Stock Soars 31% on Debut

NEW DELHI: Shares of Sri Lotus Developers and Realty, supported by renowned investor Ashish Kacholia, ended their first trading day with a remarkable rise of over 31% compared to the issue price of Rs 150 on Wednesday. The stock debuted at Rs 179.10, reflecting a 19.4% increase from the issue price on the BSE. Throughout the day, shares soared by 31.3%, reaching a peak of Rs 197 each. Shares eventually settled at Rs 196.85, up 31.23%. On the NSE, the stock opened at Rs 178, marking an 18.67% rise. It eventually closed at Rs 195.80, a 30.53% increase, which is…