Fusion CX IPO, NCR Real Estate Trends & Policy Updates

Fusion CX is preparing for an initial public offering of Rs 800-1,000 crore scheduled for October 2026, alongside a strategic pivot toward artificial intelligence services. Co-founder and Managing Director Kishore Saraogi noted that AI-enabled services currently account for 10% of the firm’s turnover, with expectations to reach 25% over the next 12 to 18 months.

Corporate Expansion and Strategic Growth

The company has maintained a compound annual growth rate of nearly 28% over the past three years, recording a turnover of Rs 1,818.13 crore for the 2025-26 fiscal year. Management plans to sustain this momentum through organic growth and ongoing acquisitions, having completed 16 acquisitions since 2008-09.

• Acquired VA Platinum in September 2026 to establish a physical presence in Australia and the Pacific region.
• Added delivery centers in Cebu and Davao, expanding its operational footprint in the Philippines.
• Invested in data infrastructure to support fleet monitoring, remote tele-operation support for robotics, and data labeling.

Real Estate Shifts in Delhi-NCR

Residential property prices in Delhi-NCR recorded a 12% year-on-year increase in the third quarter of 2026, marking the fastest growth among India’s top seven cities. According to ANAROCK Research, housing sales in the region reached approximately 13,765 units during the same period.

• New housing supply in the region fell by 14% year-on-year to roughly 10,900 units.
• Over 34% of new housing units launched in Q3 2026 were priced above Rs 2.5 crore.
• Average property prices across India’s top seven cities grew 7% annually to reach Rs 9,714 per sq ft.

Macroeconomic Policy and Fiscal Roadmap

The 16th Finance Commission, chaired by Arvind Panagariya, submitted its report for the 2026-31 period, retaining the states’ tax share at 41%. The Commission recommended a total of Rs 9.47 lakh crore in grants over five years for disaster management and local bodies.

• Recommended that the central fiscal deficit be brought down to 3.5% of GDP by 2030-31.
• Introduced a new distribution parameter called contribution to GDP carrying a 10% weight.
• Proposed special infrastructure grants amounting to Rs 56,100 crore for wastewater management in specific cities.

These developments across corporate expansion, urban real estate markets, and public finance highlight ongoing structural adjustments within the Indian economy.