4, May 2026
Markets Surge at Open, Tracking Global Optimism and Easing Oil Prices
Mumbai, May 4(BNP): Indian benchmark equity indices opened the week on a strong note, rallying sharply in early trade on Monday amid easing crude oil prices and improved global market sentiment.

The BSE Sensex surged 657.80 points to reach 77,571.30, while the NSE Nifty 50 advanced 213.35 points to 24,215.10 during the opening session.
The upbeat momentum in domestic equities mirrored gains across Asian markets, which were trading higher following positive cues from global peers. Lower oil prices further boosted investor confidence, easing concerns around inflation and fiscal pressures for oil-importing economies like India.
Among the top performers on the Sensex was Maruti Suzuki India Ltd, which rallied around 4 percent. The surge came after the automaker reported record total sales of 2,39,646 units in April, marking a robust 33.29 percent year-on-year growth. The strong performance was driven primarily by rising demand for its small car segment, signaling a healthy start to the new financial year.
Market analysts attributed the rally to a combination of favorable macroeconomic indicators, stable foreign fund inflows, and optimism surrounding corporate earnings. The decline in crude oil prices has been particularly supportive, as it helps contain input costs and inflationary pressures.
Investors will continue to track global economic developments, corporate earnings announcements, and commodity price trends for further direction in the markets.
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- By Neel Achary
4, May 2026
Art-E Mediatech Bags Creative Mandate For IndiaMART For The Second Time
Delhi, May 04: Art-e Mediatech, is creative media and MarTech agencies, has secured the full social media mandate for IndiaMART, India’s largest B2B online marketplace. This win marks the second time the agency has been entrusted with the brand’s creative responsibilities.
As part of the renewed mandate, Art-E Mediatech will drive the full social media strategy and content planning initiatives for IndiaMART. The partnership aims to further strengthen the digital presence of the company with its large base of buyers and sellers across India.
The focus remains on augmenting brand communication messaging and establishing a deeper connection with a digital-first audience. The continued collaboration with Art-E Mediatech is expected to play an important role in increasing its brand awareness, enhancing the brand image in the digital ecosystem and fostering greater customer engagement through impactful and insight-led campaigns.
Art-E Mediatech will continue to build on its understanding of the brand and the category, delivering integrated campaigns across platforms with a focus on engagement and performance.
Commenting on the continued association with Art-E Mediatech, Dinesh Gulati, Chief Operating Officer, IndiaMart, InterMESH Ltd, shared,
“Since inception, IndiaMART has been at the forefront of digital transformation for Indian MSMEs. We understand the power of a strong online presence and how it can truly change the way you connect, transact and grow. Our ongoing partnership with Art-e media will reflect this scale, trust, and everyday relevance, while also mirroring the real impact IndiaMART creates for millions of businesses across the country”.
Rohit Sakunia, Co-founder of Ar t-E Mediatech, shared:
“IndiaMART is the largest online B2B marketplace in India, empowering MSMEs, and helping them connect with buyers online. Winning the creative mandate underscores our expertise in delivering result-oriented communication strategies and our considerable understanding of the B2B ecosystem. We aim to combine creative storytelling with data-driven insights to further strengthen IndiaMART’s digital presence and engagement.”
With this mandate, both organisations aim to continue building impactful digital narratives and strengthening engagement in the B2B space.
4, May 2026
Dubai real estate sales hit AED48B in April

Market shows more resilience as monthly sales transactions lift to almost 14,000
Dubai, UAE, May 4: The Dubai real estate market showed continued resilience in April, recording 13,977 sales transactions worth AED48 billion.
A market update issued today by fäm Properties showed that activity strengthened month-on-month, with sales volume rising 3.5% compared to March, while total sales value increased by 10.7%.
The strongest growth came in the commercial sector, including offices and shops, with 561 sales transactions valued at AED4 billion, up 33.9% YoY and 36.2% month-on-month.
Apartment sales were also up MoM by 6.5% to 11,377 transactions worth AED24.1 billion, while plot sales rose 34.7% MoM to 237 deals valued at AED6.6 billion. The average property price per sq ft was up by 16.1% YoY to AED1,840.
Data from DXBinteract revealed that primary sales again dominated in April, accounting for 10,563 sales transactions totalling AED35.8 billion, compared with 3,414 resales valued at AED12.2 billion.
“Last month’s performance reflects the market’s underlying strength, with steady demand across both residential and commercial segments,” said Firas Al Msaddi, CEO of fäm Properties.
“Despite ongoing geopolitical tensions, Dubai is benefiting from its reputation as a stable, transparent and well-regulated environment for investment. The continued dominance of primary sales also points to long-term confidence in the emirate’s growth and development pipeline.”
For the second month in succession, Dubai South was the best-performing area, with 1,171 sales transactions valued at AED2.7 billion, marking its sixth consecutive month in the top five.
TOP FIVE PERFORMING AREAS IN APRIL 2026
Transactions Sales value
Dubai South 1,171 AED2.7B
Jebel Ali First 887 AED1.9B
Al Barsha South Fourth 828 AED1.0B
Wadi Al Safa 5 814 AED1.4B
Dubai Islands 732 AED2.8B
The most expensive apartment sold in April was a luxury property at Aman Residences Tower 2 at Jumeirah Second which fetched AED171 million.
Other luxury apartments sold for AED122 million at Baccarat Residence T1 at Downtown Dubai and AED118 million at Building C at Marsa Dubai. The most expensive villa went for AED76 million at Eden Hills.
With properties worth more than AED5 million accounting for 11.81% of sales, 12.65% were between AED3-5 million, 17.54% between AED2-3 million, 34.7% between AED1-2 million and 23.3% were below AED1 million.
BEST-SELLING PROJECTS IN APRIL 2026
Primary market apartments
|
|
Volume |
Value AED |
Median price AED |
|
Creek Bay Tower B |
198 |
584.0M |
2.0M |
|
Damac Lagoons – Valencia Tower A |
155 |
142.6M |
764K |
|
Damac Lagoons – Valencia Tower B |
150 |
133.0M |
750K |
|
Creek Haven Tower |
144 |
385.6M |
2.0M |
|
Meriva Sunset |
135 |
523.1M |
3.2M |
Primary market villas
|
Saih Shuaib 1 |
254 |
2.0B |
6.6M |
|
Dubai Investment Park First |
74 |
106.3M |
1.3M |
|
Damac Islands 2 – Bahamas 2 |
45 |
140.5M |
2.8M |
|
Salva The Heights |
43 |
353.5M |
7.1M |
|
Serro 2 The Heights |
43 |
343.8M |
8.0M |
Resale apartments
|
Citywalk Building 18a |
64 |
363.3M |
4.9M |
|
The Polo Residence – A3 |
60 |
121.7M |
1.8M |
|
Ciel |
44 |
38.6M |
750K |
|
The Hamilton |
22 |
29.7M |
1.5M |
|
Peninsula Three |
19 |
34.4M |
1.8M |
Resale villas
|
Damac Lagoons – Costa Brava (2) |
15 |
51.7M |
3.1M |
|
Jumeirah Village Triangle |
13 |
72.7M |
5.6M |
|
Rukan 3 |
11 |
14.8M |
1.1M |
|
Aura |
10 |
51.9M |
5.2M |
|
Damac Lagoons – Santorini (1) |
10 |
35.8M |
3.6M |
4, May 2026
Raj Pavilion Hosts Elegant Mother’s Day Celebration at ITC Windsor

This Mother’s Day, celebrate the women who make life beautiful with an experience that’s as elegant and heartfelt as they are, at Raj Pavilion, nestled within the timeless charm of ITC Windsor.
Bathed in natural light and inspired by the iconic Lalbagh conservatory, Raj Pavilion with its soaring glass ceilings and serene, sunlit ambience sets the perfect stage for a celebration filled with warmth, laughter, and togetherness.
The culinary journey is a tribute in itself thoughtfully crafted, rich in flavour, and meant to be savoured slowly. From the comforting notes of Chicken Red Thai Curry and the freshness of Pasta Primavera to the bold flavours of Korean Bibimbap, the indulgence of Gosht Shikampuri, and the rustic charm of Chicken Cacciatore—each dish brings its own story to the table.
End on a sweet note with decadent desserts that delight every palate—from the delicate Matcha Cheesecake and fruity Berry Almond Clafoutis to the indulgent, layered Opera Torte.
Elegant, immersive, and thoughtfully curated, Mother’s Day at Raj Pavilion is more than a celebration—it’s a heartfelt ode to the women who make every moment brighter.
Where: Raj Pavilion, ITC Windsor
When: 10th May 2026 | 1:00 PM – 4:00 PM
3, May 2026
NMDC Revved Up FY27 With a 16 percent Growth
Hyderabad, 3 May 2026: Mining powerhouse, NMDC produced 46.4 lakh tonnes and sold 36.8 lakh tonnes of iron ore in April 2026.
The largest iron ore miner in the country has recorded a 16% growth in production in the first month of FY27 over the corresponding period last year. Riding on its best-ever mining performance at the Bailadila iron ore projects, production in April 2026 is the highest ever achieved by NMDC in April on the company’s timeline.
Tracking iron ore production over the recent four-year period reveals a steady CAGR of 3.9% for India. Within this backdrop, NMDC delivered a stronger 6.8% CAGR, outperforming industry growth and thereby increasing its share of incremental output.

“The expansion of capacities and capabilities of NMDC is in full swing. We have laid the necessary groundwork across logistics, infrastructure, technology, and supply chain integration to enable our strategic leap forward. Starting at 4.6 million tonnes in April, NMDC has its heart set on 60+ million tonnes for this financial year. The team is ready, aligned, and confident to rise to the next level of growth!” said Shri Amitava Mukherjee, CMD, NMDC.
53+ million tonnes in FY26 and a positive early cycle update from NMDC boost optimism in India’s iron and steel sector.
2, May 2026
Mount Sinai Launches the Marilyn Monroe Mental Health for the Arts Program
New York, NY May 02: The Mount Sinai Health System today announced the launch of the Marilyn Monroe Mental Health for the Arts Program. The program is dedicated to the special mental health needs of the performing arts community, and honors the actress’s legacy and her 100th birthday in 2026.
The new program is embedded within the Samuel J. Friedman Health Center for the Performing Arts, a health center located in the heart of Manhattan’s Theater District. The Friedman Health Center was created through a partnership between the Entertainment Community Fund and Mount Sinai and received a 2024 Tony Honor for Excellence in the Theatre for its service to the entertainment community.
The program honors a star who understood the pressures of the performing arts and of living both in and out of the spotlight. During her lifetime, she championed greater understanding and support for mental health, and she set aside a portion of her estate to advance that cause. Over time, that bequest diminished—but its purpose remains deeply relevant today.
Under the direction of Shilpa R. Taufique, PhD, Chief of the Division of Psychology for the Mount Sinai Health System, the initiative provides dedicated mental health services for artists at the Friedman Health Center while connecting them to Mount Sinai’s broader network of care.
The new program was made possible through an initial $100,000 gift from Lori Hall, a cultural steward and mental health advocate working to advance Marilyn Monroe’s humanitarian legacy.
“I am honored to help close the circle on Marilyn’s final bequest. Marilyn Monroe remains one of the most widely recognized and misunderstood figures in modern history,” said Ms. Hall, Legacy Patron of the new program. “She was a humanitarian, a patriot, a woman of intention and soft power. Through this partnership with Mount Sinai and the Entertainment Community Fund and with the support of her estate, we are able to provide meaningful mental health support to a community in need. I can think of no better way to celebrate her 100th birthday than by fulfilling this wish.”
Ms. Hall’s seed funding supports the services of Nicholas Kopple-Perry, DO, a Mount Sinai psychiatrist who understands the specific mental health challenges that performing artists face. He is available to see patients onsite at the Friedman Health Center, and mental health practitioners are on call for acute mental health emergencies that may arise. A wide range of specialists from Mount Sinai’s Psychiatry and Psychology faculty will provide training that further equips the Entertainment Community Fund’s social work staff to address mental health needs and connect patients with additional resources.
Careers in the entertainment industry are incredibly rewarding, but they can also present a number of risks to members’ physical and mental health. Whether a singer, dancer, musician, actor, or back of the house, the demands of these roles are long and grueling. The career of a performer can pose specific psychological demands, which can create chronic challenges with stress, anxiety, and depression. The relentless cycle from audition to rehearsal to performances and the in-between can present overwhelming strain on an individual’s mental well-being.
“I am deeply grateful for the opportunity to extend thoughtful, responsive mental health care to members of the entertainment community,” said Dr. Taufique. “The creative process for performing artists is profoundly personal—it asks individuals to draw on their emotional depth, vulnerability, and lived experience in ways that are both generative and, at times, depleting. When that level of openness is paired with the unpredictability and intensity of the industry, it can place unique demands on one’s mental health. It is a privilege to help build a program that not only recognizes these nuances, but also offers care that honors the artistry itself while supporting the well-being of those who bring it to life.”
May is Mental Health Awareness Month. In addition to the initial gift to launch the program, Ms. Hall is hosting a pop-up exhibit in Grand Central Terminal from Tuesday, May 19, through Friday, May 22, that will feature the actress’s personal address book from 1962, pairing contacts with archival photography and storytelling to highlight her deep ties to New York City. This experience is free and open to the public. The pop-up exhibit coincides with the dates Monroe was in New York City performing at Madison Square Garden for President John F. Kennedy in 1962. For more information, please click here; https://grandcentralterminal.com/event/marilyns-new-york/.
Individuals who are interested in the opportunity to renew Monroe’s original intention, while ensuring that the artists who inspire us are themselves supported, cared for, and never left to struggle alone, can support the Marilyn Monroe Mental Health for the Arts Program through this secure donation link: https://mountsinai.donorsupport.co/page/FUNJJBBYPDW.
Marilyn Monroe™; Rights of Publicity and Persona Rights are used with permission of the Estate of Marilyn Monroe LLC. marilynmonroe.com.
2, May 2026
Serial entrepreneurs and Digital First Industry Leaders launch Wibe Algo to design revenue systems for the AI era
New Delhi / Mumbai, May 02: As rising customer acquisition costs and AI-led shifts in discovery continue to challenge traditional marketing models, a group of industry veterans has come together to launch Wibe Algo, a company focused on designing unified growth systems for businesses.
Founded by Rajasree Chatterjee, a seasoned brand and growth strategist with over two decades of experience working with leading agencies, where she has led and managed global brands such as ITC, Hershey’s, Dream11, Philips, Tata, and ICICI, among others, and Saptak Banerjee, brings over 12 years of experience in growth strategy and technology-led business building, with expertise across market expansion, product development, and revenue management. He has held roles across organisations such as Dun & Bradstreet, AFS, and SCL, and has worked with brands including HCL Infosystems, Ethio Telecom, Ooredoo Group, and NCR Corporation.
Despite increasing investments in marketing, many businesses continue to struggle to link activity with revenue, as growth remains fragmented across channels, tools, and teams. Wibe Algo’s approach is centred on what it calls growth architecture, a systems-led model that replaces fragmented execution with unified design, integrating strategy, technology, intelligence, and execution into a single framework.
This approach is underpinned by an AI-first intelligence layer designed to decode how modern discovery works across fragmented platforms, enabling businesses to move from guesswork to informed, system-led growth and convert visibility into measurable outcomes.
“We are seeing a clear shift in how growth needs to be approached,” said Rajasree Chatterjee, CEO & Co-Founder, Wibe Algo. “The focus is moving from running campaigns to building systems that are structured, measurable, and directly aligned to revenue. That requires a fundamentally different way of thinking about marketing, technology, and execution.”
Co-founder & Chief Operating Officer, Saptak Banerjee added, “The challenge today is not access to tools or platforms, but the lack of integration. Businesses are optimising parts of the journey, but not the system as a whole. Our focus is on designing growth systems that are scalable, adaptive, and capable of delivering predictable outcomes.”
The company’s leadership team brings together cross-functional expertise across strategy, creative, media, and performance:
Manoj Motiani, Chief Creative Officer & Partner at Wibe Algo, and former Creative Director at Ogilvy, with over 27 years of experience across brands such as Cadbury, Castrol, and ICICI Bank. “Creativity today has to do more than communicate, it has to contribute to business outcomes. The role of ideas is evolving, and that shift needs to be reflected in how brands build and scale,” he said.
Rajeev Sharma, Chief Strategy & Growth Officer at Wibe Algo, with over three decades of experience across JWT, Ogilvy, and TBWA, including serving as India P&L Head for JWT Digital. “We are entering a phase where growth will be defined by how effectively businesses can connect data, decision-making, and storytelling. That requires a more integrated and disciplined approach to strategy,” he said.
Sanchit Deshmukh, Director Performance Marketing & Media at Wibe Algo, added, “Efficiency is becoming central to growth, whether it is customer acquisition cost, retention, or user quality. These outcomes can only be achieved when systems are connected end-to-end.”
Wibe Algo has already demonstrated early execution across sectors including health and wellness, fintech, and emerging technology categories, working with clients in areas such as cybersecurity and biohacking. The team has supported multi-market campaigns across India, the US, GCC, and Singapore, delivering measurable improvements in acquisition efficiency, conversion outcomes, and customer acquisition costs, achieving up to 10X growth in select campaign metrics through integrated, system-led interventions.
As businesses navigate increasing complexity in consumer behaviour and media fragmentation, Wibe Algo is positioning itself as a partner focused on clarity, integration, and revenue accountability.
“The next phase of growth will not come from doing more,” Chatterjee added. “It will come from building better systems.”
2, May 2026
GIIS Ahmedabad Honoured with Prestigious IMC Ramkrishna Bajaj National Quality Award

Ahmedabad, May 02: Global Indian International School (GIIS) Ahmedabad has been conferred with the esteemed IMC Ramkrishna Bajaj National Quality Award Trophy 2025 in the education category, recognising the institution’s commitment to excellence, innovation, and holistic student development. The award was presented at a distinguished ceremony graced by cricket legend and Padma Bhushan awardee Mr. Sunil Gavaskar as the Chief Guest.
The award was received by Global Schools Group Co-Founder & Executive Chairman Mr. Atul Temurnikar, along with Mr. Rathin Khandadia, Director – GCEE, Mr. Caesar D’silva, Principal, and Ms. Ruchika Dhingra, Vice Principal, and was presented by Mr. Sunil Gavaskar in the presence of Nobel Peace Laureate Kailash Satyarthi, marking a significant milestone for the institution at a national level
The recognition reflects GIIS Ahmedabad’s approach to education, combining academic focus with values-based learning and innovation. Central to this is the 9GEMS™ framework, which supports intellectual growth alongside character development, leadership, creativity, and a global outlook. The school also emphasises experiential learning, digital integration in classrooms, and a student-centric pedagogy, with initiatives around community engagement, ethics, and international exposure shaping well-rounded learners.
Speaking on the achievement, Mr. Caesar D’silva, Principal, GIIS Ahmedabad, said, “This recognition is a testament to our unwavering pursuit of excellence across every dimension of education. At GIIS Ahmedabad, quality is not a milestone but a continuous discipline embedded in our culture, systems, and mindset. This honour reflects the collective commitment of our educators, students, and parent community in building an institution that not only meets global benchmarks but consistently raises them. We remain focused on nurturing well-rounded individuals equipped with the skills, values, and resilience required to thrive in an evolving world.”
The IMC Ramkrishna Bajaj National Quality Award is widely regarded as a benchmark for organisational excellence in India, recognising institutions that demonstrate strong performance across quality management and operational effectiveness.
GIIS’s latest recognition reinforces its position as a leading institution in the Indian education landscape, with a strong focus on academic outcomes, innovation, and holistic development. The school continues to set high standards in delivering world-class, future-focused education.
1, May 2026
Servotech Renewable Announces its Q4 FY26 Results
Servotech Renewable Announces its Q4 FY26 Results, Revenue rises by 66.6% YoY, EBITDA up by 70.1% YoY; FY26 EBITDA Margin Expands 161 bps
New Delhi, May 01: Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India’s leading solar solutions, BESS, and EV charger manufacturer, announced its financial results for the fourth quarter and year ended 31st March 2026. FY26 marked a transformational year for the Company, as it closed with its strongest-ever quarter as a listed entity. The performance was driven by robust momentum in the second half, supported by improved product mix, enhanced manufacturing capabilities, and disciplined execution. Strategic capacity expansion, coupled with a focused shift towards high-margin renewable and EV segments, enabled margin expansion and operational strength. Servotech now enters FY27 well-positioned to sustain growth and enhance long-term value creation.
Key Performance Highlights
Q4 FY26 Financial Review – Standalone (YoY)
● Total Revenue grew by 66.6% in Q4 FY26 of Rs. 21,120 lakh from Rs 12,674 lakh in Q4 FY25.
● EBITDA witnessed a growth of 70.16%, standing at Rs. 2,320 lakh in Q4 FY26 from Rs. 1,363 lakh in Q4 FY25.
● PAT experienced a substantial rise of 49.5%, standing at Rs. 1,173 lakh in Q4 FY26, compared to Rs. 784 lakh in Q4 FY25.
● PBT experienced a substantial rise of 41.74%, standing at Rs. 1,489 lakh in Q4 FY26, compared to Rs. 1,051 lakh in Q4 FY25.
● Gross Profit grew by 58.24%, standing at Rs. 4,222 lakh in Q4 FY26 from Rs. 2,668 lakh in Q4 FY25.
Q4 FY26 Financial Review – Consolidated (YoY)
● Total Revenue reported growth of 48.52% in Q4 FY26, standing at Rs. 21,900 lakh from Rs. 14,746 lakh in Q4 FY25.
● EBITDA grew by 80.86%, standing at Rs. 2,420 lakh in Q4 FY26 from Rs. 1,338 lakh in Q4 FY25.
● PAT experienced a rise of 35.92%, standing at Rs. 1,048 lakh in Q4 FY26, compared to Rs. 771 lakh in Q4 FY25.
● PBT grew by 24.16%, standing at Rs. 1,304 lakh in Q4 FY26, compared to Rs. 1,050 lakh in Q4 FY25.
● Gross Profit witnessed a growth of 72.18%, standing at Rs. 4,787 lakh in Q4 FY26 from Rs. 2,780 lakh in Q4 FY25.
FY26 Financial Review – Standalone (YoY)
● Total Revenue grew by 8.92% in FY26 of Rs. 64,166 lakh from Rs 58,911 lakh in FY25.
● EBITDA grew by 26.54%, standing at Rs. 7,419 lakh in FY26 from Rs. 5,863 lakh in FY25, with EBITDA margin expanding to 11.56% from 9.95% – an expansion of 161 basis points.
● PAT experienced a rise of 8.34%, standing at Rs. 3,625 lakh in FY26, compared to Rs. 3,346 lakh in FY25.
● PBT experienced a growth of 4.6%, standing at Rs. 4,737 lakh in FY26, compared to Rs. 4,528 lakh in FY25.
● Gross Profit grew by 27.39%, standing at Rs. 14,851 lakh in FY26 from Rs. 11,657 lakh in FY25.
FY26 Financial Review – Consolidated (YoY)
· Total Revenue stood at Rs. 67,536 Lac’s in FY26 versus Rs. 67,680 Lac’s in FY25, broadly flat, primarily reflecting the deliberate scale-down of low-margin trading activity in our medical equipment subsidiary, Rebreathe Medical Devices, as we focus capital on higher-margin core renewable and EV businesses.
· EBITDA grew by 22.46%, standing at Rs. 7,095 Lac’s in FY26 from Rs. 5,794 Lac’s in FY25.
· PAT (attributable to shareholders) grew 2.5% to Rs. 3,355 lakh in FY26 from Rs. 3,274 lakh in FY25, broadly stable.
· Gross Profit grew by 39.72%, standing at Rs. 16,245 Lac’s in FY26 from Rs. 11,626 Lac’s in FY25.
Commenting on the performance, Raman Bhatia, Managing Director, Servotech Renewable Power System Limited, said, “This has been a defining financial year for Servotech, marked by a strong finish and a clear shift towards sustainable, efficiency-led growth. Our performance in the second half of the year reflects the impact of strategic decisions we undertook earlier, particularly around strengthening our manufacturing capabilities, improving product mix, and maintaining strict cost discipline. The commissioning of new capacities across solar inverters, EV chargers, and battery solutions has positioned us well to meet the growing demand in the renewable energy and clean mobility sectors.
The real momentum has been driven by our H2 performance, where standalone revenue stood at ₹411 Crore, growing 34% YoY with H2 EBITDA margin reaching 12%, the highest in our listed history. This reinforces the effectiveness of our strategic focus and operational execution. Entering FY27, we carry forward our strongest-ever run-rate, backed by newly commissioned capacities that position us well to sustain and scale this growth trajectory.
While we remained focused on scaling our core business, we also took conscious steps to prioritise higher-margin segments, which have contributed to improved operational performance. As we move into FY27, we do so with a stronger foundation, better visibility on growth opportunities, and a continued commitment to innovation, execution excellence, and long-term value creation for our stakeholders.”
1, May 2026
Mumbai Sees Strong Start to FY27 with Record April Property Registrations
May 1: Mumbai’s residential real estate market has started the new financial year on a robust note, with property registrations touching a 14-year high for the month of April. The city recorded over 13,800 property registrations in April 2026, marking a 6% year-on-year growth and the strongest April performance in over a decade, according to data analysed by Knight Frank India.
The surge in registrations underscores sustained end-user demand in the market, even as activity remained elevated on a high base. Stamp duty collections for the month stood at over ₹1,100 crore, witnessing a marginal 1% year-on-year rise, indicating a shift in transaction mix rather than any slowdown in demand.
On a sequential basis, registrations declined by 13% compared to March 2026, while stamp duty revenues fell by 27%, reflecting the typical seasonal moderation following a strong year-end closure cycle. Historically, March tends to see a spike in transactions as buyers rush to close deals before fiscal year-end, with April witnessing a natural cooling-off period.
Industry experts note that the relatively stable revenue collections, despite rising volumes, suggest a growing preference for mid-ticket and value-driven housing, signalling a more balanced and sustainable growth cycle for Mumbai’s residential sector.
Mr. Kamlesh Thakur, President, NAREDCO Maharashtra and Co-Founder & Managing Director, Srishti Group “The fact that Mumbai has recorded its highest-ever April registrations in over 14 years clearly underlines the depth of end-user demand in the market. Achieving a 6% year-on-year growth on an already elevated base reflects strong underlying fundamentals. While stamp duty collections have remained largely stable, it indicates a shift in the transaction mix towards mid-segment housing, which is a healthy sign for long-term market sustainability. The seasonal moderation after March is expected and does not dilute the positive momentum we are witnessing.”
Mr. Ram Naik, Co-founder & CEO, The Guardians Real Estate Advisory “These numbers reaffirm that Mumbai’s residential market continues to be driven by genuine end-user demand rather than speculative activity. Crossing 13,800 registrations in April, traditionally a softer month, highlights the market’s resilience. The marginal growth in stamp duty collections suggests buyers are becoming more value-conscious, with a tilt towards practical ticket sizes. We are also seeing steady traction in emerging micro-markets where affordability and connectivity are aligning well.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The sustained momentum in registrations reflects evolving homebuyer aspirations, especially for quality living and well-planned developments. While overall revenues have seen limited growth, it signals a conscious recalibration in buyer preferences towards value-driven purchases rather than just high-ticket transactions. This is a positive shift, as it broadens the demand base and supports long-term stability in Mumbai’s residential market.”
Mr. Shilpin Tater, Managing Director, Superb Realty “Recording the strongest April in 14 years is a significant milestone for Mumbai’s real estate market. Even with the typical post-March moderation, transaction volumes remain robust, indicating continued buyer confidence. The data suggests a well-balanced market where demand is steady and not overheated. For developers, this reinforces the importance of delivering projects that align with buyer expectations on pricing, quality, and timelines.”