Trump’s luxury project in Gurugram sold out on launch day, clocks ₹3,250 crore in sales
The second Trump Towers project in Gurugram, the construction of which is underway, is fully sold out, the developers–Smartworld Developers and Tribeca Developers–announced on Tuesday. On launch day, Trump Residences Gurgaon recorded an unprecedented ₹3,250 crore in allotments, they said….
Mall expansion wave: 16.6 million sq. ft. of new supply expected across top 7 cities in CY 25-26
Amid rising consumption, Tier 1 cities are expected to see a sharp increase in new mall supply. According to the latest ANAROCK research, over 16.6 million sq. ft. of new Grade A mall space will be added across the top…
RDCL to structure 7-10 more residential mortgage-backed securitisation transactions aggregating up to ₹12K cr in FY26
Sanjay Shukla, National Housing Bank (NHB) Managing Director (MD) attends the listing ceremony of India’s first Residential Mortgage-Backed Security (RMBS) structured by RMBS Development Company Limited (RDCL) at the National Stock Exchange (NSE) in Mumbai, India, May 5, 2025. |…
Ravi Infrabuild Projects files draft papers with SEBI to raise ₹1,100 cr through IPO
Construction company Ravi Infrabuild Projects Ltd has filed preliminary papers with markets regulator SEBI seeking its approval to raise ₹1,100 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares with no…
Puravankara, KVN partner to develop ₹3,300-crore project in North Bengaluru
The LLP-structured project is strategically located near Kempegowda International Airport and key infrastructure corridors, targeting the region’s rising demand for integrated residential development. Bengaluru-based realty major Puravankara has announced a joint venture with KVN Property Holdings to develop a 24.59-acre…
Five-Star eyes entry into affordable housing segment during H2 of this fiscal
D Lakshmipathy, Chairman and Managing Director of Five-Star | Photo Credit: cueapi Chennai-based non-banking financial company, Five-Star Business Finance Ltd is considering a foray into the affordable housing segment, with plans to launch the initiative organically in the latter part of…
Prestige, Arihant to jointly develop real estate projects in Chennai
Prestige Estates Projects Ltd, the Bengaluru-based real estate developer, has entered into a framework agreement with Chennai-based Arihant Foundations & Housing Ltd to collaborate and jointly develop real estate projects in Chennai. The two companies will explore opportunities across various…
L&T shares jumps 5% after strong Q4 results
Shares of Larsen & Toubro (L&T) on Friday jumped nearly 5 per cent after the firm reported a 25 per cent increase in consolidated Profit After Tax (PAT) for the quarter ended on March 31, 2025. The stock climbed 4.72…
Realty majors beeline for a slice of India’s silver homes market
Developers target India’s growing senior population with specialised housing projects, anticipating a $12-15 billion market by 2030 | Photo Credit: Dimple Bhati With India’s silver population projected to double to 346 million by 2030, according to a JLL report, a…
Brigade Group acquires 11-acre land in Bengaluru for ₹2,000-cr commercial project
Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited Brigade Group has acquired an 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, to develop a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a…
Aptus Value Housing Finance grows net profit 26% y-o-y in March quarter
During FY25, the company expanded its footprint by opening 38 branches and increased its network to 300 locations. Aptus Value Housing Finance, on Tuesday, posted a 26 per cent year-on-year increase in the net profit for quarter ended March 2025…
Flipspaces closes $35 Mn round in Series B led by Iron Pillar
The capital, comprising both primary and secondary investments, will be used to fuel the company’s growth across India, the U.S., and the UAE, enhance its tech-driven platform, and explore acquisitions in new markets. Commercial interior design and contracting venture Flipspaces…
Rohan Corporation ropes in Shah Rukh Khan as brand ambassador
Mangaluru-based Rohan Corporation announces Shah Rukh Khan as its official brand ambassador for Karnataka. Rohan Corporation, a real estate development company based in Mangaluru, has announced Bollywood star Shah Rukh Khan as its official brand ambassador for Karnataka. Rohan Monteiro,…
Brookfield India REIT Q4FY25: Reports strong growth with 37% jump in NOI
The Brookfield India REIT portfolio consists of 29 million square feet of total leasable area, comprising 24.5 million square feet of operating area, 0.6 million square feet of under-construction area, and 3.9 million square feet of future development potential. |…
Bengaluru leads India’s housing market with over 20,000 launches in Q1 2025
On the sales front, Bengaluru logged 15,340 units sold accounting for 24 per cent of the nationwide demand | Photo Credit: K BHAGYA PRAKASH Bengaluru has emerged as the top contributor to real estate supply and demand in India, with…
Oberoi Realty sells luxury apartments worth ₹970 cr in Goregaon, Mumbai
Mr. Vikas Oberoi, Chairman and Managing Director of Oberoi Realty | Photo Credit: PAUL NORONHA Oberoi Realty has sold luxury apartments worth ₹970 crore in its integrated township project at Goregaon in Mumbai amid strong housing demand. In a regulatory…
Improved infrastructure, cut in repo rates, ready-to-occupy units aid market recovery: CREDAI
Mohamed Ali, President, CREDAI Chennai. | Photo Credit: BIJOY GHOSH The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the…
Macrotech Developers to launch ₹19k-cr housing projects to encash strong demand
Realty firm Macrotech Developers Ltd plans to launch housing projects worth ₹19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties. Mumbai-based Macrotech Developers, which sells…
SEBI proposes ease of doing business measures for REITs, InvITs
Under the present rule, REITs and InvITs are required to get their assets valued regularly and submit these valuation reports to stock exchanges and unitholders | Photo Credit: HEMANSHI KAMANI Markets regulator SEBI on Friday proposed alignment of valuation report…
Phoenix Mills profit down 18% to ₹269 cr in Q4
Phoenix Mills Ltd, which is mainly into development of retail real estate, posted an 18 per cent decline in consolidated net profit to ₹268.82 crore during the March quarter on lower income. It had posted a net profit of ₹326.73…
Mumbai property registrations rise 9% y-o-y in April
Mumbai accounts for around half of the property market in the country, in terms of value. | Photo Credit: Explora_2005 More than 12,700 property units were registered in Mumbai in April making it the best sales in April over the…
CREDAI Karnataka appoints Bhaskar T Nagendrappa as new president
T Bhaskar Nagendrappa, President – CREDAI Karnataka The Confederation of Real Estate Developers’ Associations of India (CREDAI) Karnataka has announced the appointment of Bhaskar T Nagendrappa as its new President for the term 2025-27. He has taken the charge from outgoing…
Embassy REIT Q4 revenue rises 15% YoY on strong leasing
Embassy Office Parks REIT | Photo Credit: MURALI KUMAR K Embassy Office Parks REIT has reported a 15 per cent year-on-year (y-o-y) rise in quarterly revenue for Q4FY25, driven by 1.6 million square feet (msft) of leases in the quarter….
Macrotech Developers to invest ₹8,000 cr this fiscal on land acquisition for business expansion
Its net profit stood at ₹665.5 crore in the year-ago period | Photo Credit: SasinParaksa Realty firm Macrotech Developers Ltd plans to invest more than ₹8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and…
Pacific Group to develop 15 lakh sq ft mall in Jaipur
Real estate company Pacific Group will develop a 15 lakh sq ft shopping mall and a hotel in Jaipur to expand business amid rising demand for premium retail spaces, a top company official said. Pacific Group has nine shopping malls,…
AIFs pump ₹74,000 crore into real estate, highest among all sectors: Anarock
The total cumulative AIF investment across sectors stood at ₹5.06 lakh crore, with real estate accounting for 15 per cent. Alternative Investment Funds (AIFs) have cumulatively infused nearly ₹74,000 crore in the Indian real estate space till December 2024, highest…
Prestige Hospitality Ventures files DRHP with SEBI to launch ₹2,700-cr IPO
Prestige Hospitality Ventures plans to use ₹1,121 crore from its IPO proceeds to repay debt while the remaining net proceeds will be utilised to fund acquisitions and strategic initiatives Prestige Hospitality Ventures Limited, the hospitality assets wing of the Prestige…
HUDCO to slash funding costs with ₹4,000-5,000 crore bond refinancing, targets Japan and US markets: CMD Kulshrestha
HUDCO Chairman and Managing Director Sanjay Kulshrestha Housing and Urban Development Corporation (HUDCO) will look to refinance nearly ₹4,000–5,000 crore worth of high cost bank loans through lower interest bearing bonds thereby bringing down cost of funds by 10 –…
Max Estates acquires stalled ‘Delhi One’ project in Noida; to invest ₹1,400 cr for completion
Max Estates said it has successfully completed acquisition of 100 per cent equity share capital of Boulevard Projects Pvt Ltd by way of allotment of 34,000 fresh equity shares to the company and its nominees Realty firm Max Estates Ltd…
Shriram Properties acquires 5-acre land in North Bengaluru for project with GDV of ₹250 cr
M Murali, Chairman and Managing Director, and J Gopalakrishnan, CEO, Shriram Properties | Photo Credit: BIJOY GHOSH Bengaluru-based Shriram Properties Limited has announced the acquisition of five acres of land for a project with a gross development value (GDV) of…
Real estate company DRA reports ₹525 crore revenue in FY25
Ranjeeth Rathod, MD, DRA, at a press conference, in Chennai on Thursday ( November 28, 2024) Photo : Bijoy Ghosh To go with Raja Simhan’s report | Photo Credit: BIJOY GHOSH DRA, the Chennai-based real estate developer reported a 50…
IBI Media strengthens real estate portfolio with RoofandFloor acquisition
A walk back in time during the RoofandFloor.com Property Show-2024 at Auspacious Convention, Hyderabad on Saturday, October 19, 2024 | Photo Credit: NAGARA GOPAL IBI Media Technologies, the company behind hyperlocal platforms ChennaiProperties.in, BengaluruProperties.com, CoimbatoreProperty.com, and HyderabadProperties.in, has announced the…
Casagrand launches Casagrand Jarvis residential community in Siruseri, Chennai
Chennai-based developer Casagrand has launched Casagrand Jarvis, a premium residential community in Siruseri, featuring 469 2, 3, and 4-BHK apartments across 8.5 acres. Casagrand, the Chennai-based real estate developer, has launched Casagrand Jarvis, a residential community in the fast-emerging growth…
Brigade Group launches first plotted development project in East Bengaluru
Pavitra Shankar, Managing Director, Brigade Enterprises Bengaluru-based realty developer Brigade Group has signed a joint development agreement (JDA) worth approximately ₹175 crore for a plotted development project in Malur, East Bengaluru. This marks Brigade Group’s first plotted development project in East…
Incuspaze leases 2.50 lakh sq ft co-working space at Olympia Crest in Chennai
Incuspaze, a flexible workspace provider, has leased 2.50 lakh sq ft at Olympia Crest, in Chennai’s IT corridor at OMR Zone 1. The office space has the capacity to accommodate more than 4,000 seats to meet the needs of IT/ITeS…
Oberoi Realty FY25 sales bookings rise 31% to ₹5,266 cr
Oberoi Realty is one of the leading real estate developers in the country. It focuses on luxury housing segments. | Photo Credit: BL companies Real estate firm Oberoi Realty Ltd on Saturday reported a 31 per cent annual increase in…
Macrotech Developers cuts net debt by 7% to ₹4,000 crore in March quarter on better sales
Macrotech Developers reduces net debt by 7% in Q1 with strong sales and fund collections | Photo Credit: SasinParaksa Realty firm Macrotech Developers’ net debt fell by 7 per cent in the January-March quarter to nearly ₹4,000 crore on strong…
Rising rents outpace salaries in Bengaluru, triggering affordability concerns
After calling Bengaluru home for more than a decade, 32 year old Alisha who works in the oil and gas sector, highlights the challenges of the city’s rental system. With a modest 5–10 per cent salary hike compared to a…
Kolte-Patil Developers Q4 sale bookings fall 15%, FY25 sales dip 1%
Representative image | Photo Credit: Bet_Noire Realty firm Kolte-Patil Developers Ltd’s sale bookings declined 15 per cent to ₹631 crore in the fourth quarter of last fiscal on lower volumes. Its sale bookings stood at ₹743 crore in the year-ago…
Stagnant salary, rising rents triggers crisis for Bengaluru’s young professionals
While rents in India’s Silicon Valley have surged over 25 per cent since 2020, salaries have barely kept pace, posing growing concerns about Bengaluru’s affordability | Photo Credit: SUDHAKARA JAIN Thirty-two-year-old Alisha, who works in the oil and gas sector…
Leasing of green office spaces rises 20% in 2024 across top 6 cities: Credai-Colliers report
Leasing of office space in green-certified buildings rose 20 per cent in 2024 to 492 lakh sq ft across six major cities as corporates are focusing more on sustainability, according to a report by Credai and Colliers. Realtors’ apex body…
Puravankara reports ₹5,006 cr pre-sales in FY25; collections up 9% YoY
Ashish Puravankara, Managing Director, Puravankara Bengaluru-based realty developer Puravankara has reported an increase in customer collections by 9 per cent year-on-year to ₹3,937 crore in FY25, compared to ₹3,609 crore in FY24. Collections for Q4FY25 stood at ₹946 crore, according…
WS Habib appointed President of CREDAI Tamil Nadu
CREDAI Tamil Nadu, representing private real estate developers across the State, formally inducted its new leadership team for the 2025-2027 term, with WS Habib, CMD of RWD, assuming office as President. The other major office-bearers are V Gopinath (Vice President),…
Brigade to build Chennai’s tallest residential project in Perambur
Brigade Enterprises Ltd, the Bengaluru-based real estate group, is expanding its presence in Chennai with plans to build the tallest residential project yet with 49 floors in Perambur. This will beat its own ongoing project, Altius, at Sholinganallur that will…
Arnya RealEstates Fund to invest ₹130 crore in Casagrand’s housing project in Bengaluru
Representative image | Photo Credit: Subajayanthi Wilson 2507@Chennai Arnya RealEstates Fund Advisors will invest ₹130 crore in realty firm Casagrand’s forthcoming residential project in South Bengaluru. This is the second investment of the company, following the first investment in October…
Office leasing in Chennai hits five quarter high in March quarter: Colliers report
Chennai witnessed its highest leasing activity -the largest in the last five quarters- in Q1 2025 at 2.9 million sq ft, as per a new real estate consulting report. Of this, about 60 per cent came from the Pallavaram-Thoraipakkam (PTR)…
Lodha brothers resolve trademark dispute; Macrotech retains right to ‘Lodha’ brand
Abhinandan Lodha (left) and Abhishek Lodha (Right) The Lodha brothers — Abhishek Lodha and Abhinandan Lodha — have resolved their trademark dispute, with it being agreed that Macrotech Developers will have the exclusive right to use the ‘Lodha’ brand name…
Top 7 Indian cities register 4-8% office leasing growth, outperform global markets: Report
Despite persistent global headwinds in rental and leasing activity, Indian cities have outpaced the major global centres, with top seven hubs witnessing a growth of 4 to 8 per cent, according to a report by real estate services firm Vestian….
Macrotech acquires 10 land parcels in FY25 for ₹24,000-cr housing projects
Real estate firm Macrotech Developers acquired 10 land parcels last fiscal to develop housing projects with a total sales value of nearly ₹24,000 crore, as it seeks to expand business amid strong demand. Listed entity Macrotech Developers, which sells properties…
Hyatt Hotels to launch all inclusive resorts in India
Sunjae Sharma, Managing Director, Hyatt (India and South West Asia) Hyatt Hotels plans to introduce its all-inclusive resorts to India breaking new ground in the branded hospitality segment in the country. Typically established brands offer only bed and breakfast plans…
Top 7 Indian cities see 4-8% rise in office rent in 2024; mixed trend in 8 overseas markets: Vestian
The average office rent in New York has fallen 1.3 per cent in 2024 to $7.5 per square feet per month. | Photo Credit: PeopleImages The rent for office spaces in India’s seven major cities rose 4-8 per cent annually…
ED searches TN realty group started by minister’s kin
N. Ravichandran, Founder, True Value Homes India Pvt. Ltd | Photo Credit: PERIASAMY M The Enforcement Directorate on Monday raided multiple premises in the city as part of an investigation against a real estate group promoted by the brother of…
Real estate PE investments dip 43% amid sectoral shifts, global headwinds
Logistics and warehousing attracted 48 per cent of PE funding in FY25 — the highest share in the last five years Amid sectoral shifts and global headwinds, India’s real estate has observed a dip in private equity (PE) investments. From…
Sobha posts ₹6,277 cr sales in FY25 amid global headwinds, driven by domestic demand
Q4FY25 alone contributed ₹1,836 crore, marking a 32.2% sequential and 22.1% YoY increase. | Photo Credit: Despite global headwinds, Sobha recorded a sales value of ₹6,277 crore in FY 2025, backed by stable economic fundamentals in India. The company sold…
Casagrand launches Spanish themed residential community in Chennai
Chennai-based real estate developer, Casagrand, has launched Casagrand Casamia, a 22-acre Spanish-themed residential project Pallavaram, Chennai. Inspired by the Mediterranean architecture, the project offers over 1,300 designed 2, 3, and 4 BHK apartments ranging from ₹45 Lakhs to ₹1.36 crore,…
Chennai retail leasing sees 31% y-o-y growth, says Cushman & Wakefield report
A businessman puts a indian rupee money bag near the houses. Investments in real estate assets. Municipal budget of the city. Official. Construction industry, rental business and hotel tourism. istock photo for BL | Photo Credit: Andrii Yalanskyi Chennai’s retail…
Signature Global achieves record ₹10,290 crore in pre-sales for FY25
The real estate developer also reported record collections of ₹4,380 crore, up 41 per cent from the previous year. | Photo Credit: Rasi Bhadramani Signature Global (India) Limited announced its highest-ever annual pre-sales of ₹10,290 crore for fiscal year 2025,…
Brigade signs JDA for ₹225 cr GDV project in Mysuru
Pavitra Shankar, Managing Director of Brigade Enterprises Ltd Realty player Brigade Group has signed a joint development agreement (JDA) for a project with a gross development value (GDV) of ₹225 crore in Mysuru. The company has acquired 10 acres and…
House of Abhinandan Lodha files police complaint post forgery allegations
Following an immediate internal review of all available records, we wish to categorically state that there has been no instance of fraud or forgery committed by us, said a spokesperson Following allegations of fraud and forgery by Macrotech Developers against House of…
Tribeca enters rental housing segment
Tribeca Developers has entered the rental housing segment through a partnership with Housr, a luxury serviced apartment operator. It has launched “TriliveAndheri,” a pre-leased serviced apartment project located in Marol, Andheri (Mumbai). The development will consist of 900 fully furnished…
Macrotech Developers (Lodha) reports ₹48 Bn Q4 sales, surpasses FY25 targets
Lodha strengthened its Digital Infrastructure portfolio by adding new locations in NCR and Chennai, while also acquiring its joint venture partner’s stake in an existing platform. | Photo Credit: BL companies Macrotech Developers Limited (Lodha) announced today its best-ever quarterly…
Aditya Birla Real Estate divests paper unit to ITC for ₹3,500 cr
The divestment of the pulp and paper undertaking is a value unlocking exercise for ABREL and will further enable the company to pursue growth opportunities in its core real estate business Aditya Birla Real Estate (formerly Century Textiles and Industries)…
Raymond Limited expands real estate portfolio with ₹5,000 crore Wadala project
Raymond Limited announced today that its wholly-owned subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement for a residential project in Wadala, Mumbai. The project has an estimated gross development value of approximately ₹5,000 crore. The shares…
Max Estates gets show cause notice from GST department for claiming inadmissible input tax credit
Max Estates Ltd faces show cause notice from GST department for ₹2.25 crore ITC recovery. | Photo Credit: wichayada suwanachun Real estate company Max Estates Ltd has received a show cause notice from the GST department for recovery of around…
Godrej Properties generates over ₹2,000 crore sales at Noida luxury project launch
Godrej Properties Limited (GPL) announced today that it has sold over 275 homes worth more than ₹2,000 crores at the launch of its luxury project, Godrej Riverine, in Sector 44, Noida. The Mumbai-based real estate developer reported selling over 9…
G Square looks to double revenue to ₹5,000 crore this fiscal
Sivakumar Pethaiyan, National Sales Head, G Square Realtors Pvt Ltd, at a media briefing in Chennai on Tuesday | Photo Credit: BIJOY GHOSH G Square Realtors Pvt Ltd, the Chennai-based land aggregator and real estate promoters, will double its revenue…
India’s infrastructure delays cost ₹5 lakh crore, finds report
Of 1,873 ongoing Union government projects—each valued at over ₹150 crore—779 are delayed, with cost overruns soaring past ₹5.01 lakh crore as of April 2024 India’s infrastructure sector is grappling with massive delays, with 43 per cent of projects running…
Residential sales sustain in Q4, office leasing hits record: Report
Office absorption in the quarter also hit a record level with 28.2 million square feet being leased, a 74 per cent rise on year, the report said. Residential sales in Q4 of FY25 across the top 8 markets in the country…
Man Indus in pact with Paradise Group for developing 6-acre land in Navi Mumbai
Nikhil Mansukhani, Managing Director of MAN Industries, said the management intends to monetise non-core assets and focus on strengthening core line pipe business. | Photo Credit: AMIT DAVE Merino Shelters, a wholly owned subsidiary of MAN Industries, has entered into…
Macrotech Developers alleges document fabrication by House of Abhinandan Lodha
Real estate developer Macrotech Developers has accused House of Abhinandan Lodha (HoAL) of fabricating board resolutions, permanent account numbers and forging signatures to mislead customers into believing they were buying properties from Macrotech, which sells residences under the ‘Lodha’ brand….
Paytm deploys 400 card machines for property tax collection in Hyderabad
Paytm (One 97 Communications Limited) has partnered with the Greater Hyderabad Municipal Corporation (GHMC) to deploy over 400 All-In-One EDC Devices for property tax collection, the company announced today. The shares of Paytm (One 97 Communications Limited) were trading at…
Real estate players fear demand hit from rise in ready reckoner rates in Maharashtra
The Maharashtra government’s decision to raise ready reckoner rates(RRR) in Mumbai and other parts of the State has been met with considerable dismay by the real estate sector which apprehends an adverse impact on housing demand, as property costs are…
Mumbai-based Runwal Enterprises files for ₹1,000 crore IPO
Mumbai-based real estate developer, Runwal Enterprises Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,000 crore through an initial public offering. The IPO consists entirely of a fresh…
March property registrations in Mumbai surge on high demand
Property registrations in Mumbai in March at close to 15500 units, saw a strong surge both on year and sequentially, netting the state government record revenue of ₹1,588 crore, Maharashtra government data showed. The boost in stamp duty collections was…
Casagrand forays into senior living segment with new project in Chennai
Real estate developer Casagrand has announced its foray into the senior living segment with the launch of Casagrand Cheers. The company unveiled its first senior living project in Pudupakkam, Chennai, with plans to expand across key metros in South India….
ATS Homekraft sells 400 plots for ₹1,200 cr in new Yamuna Expressway project
Real estate company ATS Homekraft has sold around 400 residential plots for more than ₹1,200 crore in its new project on Yamuna Expressway on strong consumer demand. The company will develop a 63-acre plotted development project, ‘Province D Olympia’ on…
India’s ultra-luxury home market soars: 49 homes above ₹100 crore sold for ₹7,500 crore in 3 years
India’s ultra-luxury real estate market is witnessing a boom, with 49 homes priced at ₹100 crore or more sold in Mumbai and Delhi NCR over the past three years. These transactions have totalled ₹7,500 crore, with 2024 alone accounting for…
Office space to maintain growth momentum in 2025: CBRE
Driven by resilient economic fundamentals and a good employment outlook, the office sector in the country is expected to maintain its strong growth momentum in 2025. GCCs are expected to account for about 35-40 per cent of the total office space…
Brigade Group signs JDA for ₹300-crore luxury project in Mysuru
Brigade Group has signed a joint development agreement (JDA) for a new luxury residential project on Bogadi Road near the proposed Outer Ring Road in Mysuru. The company plans to develop approximately 0.45 million square feet of residential space with…
Godrej Properties sells around 90 flats for over ₹1,000 cr in new project at Gurugram
Real estate company Godrej Properties Ltd has sold around 90 flats for more than ₹1,000 crore on the launch day of its new luxury housing project at Gurugram, despite an overall demand slowdown in residential property market. In a regulatory…
Impacted by high prices and volatile stock market, Kolkata’s housing sales skids 31% in January-March
Housing sales in Kolkata witnessed around 31 per cent year-on-year decline during the January-March period this year at nearly 3900 units, as the city’s residential market is impacted by high prices, weak global economy and volatile stock market. During January-March…
DLF Cyber City Developers gets upgraded rating (AAA Stable) by CRISIL
DLF Cyber City Developers Ltd (DCCDL), the rental arm of DLF Limited, has seen a ratings upgrade with CRISIL rating it as AAA (Stable), from AA+ (stable). In its rating rationale, CRISIL stated, that the upgrade reflects expectation of sustenance of…
Cement prices in South India drops sharply in March
Cement prices saw a steep decline in South India in March, at a rate higher than other regions. Cement manufacturers in South India attribute the sharp drop in prices across the region to temporary factors, primarily the year-end push for…
Birla Estates debuts in Pune with luxury residential project, Birla Punya
Birla Estates Pvt. Ltd., a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has launched its first Pune project, Birla Punya, with an estimated revenue potential of ₹2,700 crore. Located in Sangamwadi, Central Pune, the project spans 5.76 acres and…
Is Real Estate Belize a good option for retirement?
Real Estate Belize Belize has emerged as a top destination for retirees seeking an affordable, scenic, and stress-free lifestyle. With its breathtaking Caribbean coastline, warm tropical climate, and welcoming culture, many people find Real Estate Belize to be an excellent…
Senior housing segment in real estate gains traction: Report
Senior housing segment within the real estate sector which has long struggled to gain mainstream acceptance is now gradually becoming more viable, presenting an opportunity for comapanies, according to a report by GRI Club. “Senior housing is another niche segment…
Housing sales, launches continue to correct in Q1 of 2025
Home sales and launches across tier 1 markets have shown a falling trend both sequentially and annually in the first quarter of 2025, according to data by PropEquity, pointing to a continuing correction in the market that has been a…
Omaxe to invest ₹400 crore to develop two commercial projects in Faridabad
Real estate company Omaxe will invest ₹400 crore to develop two new commercial projects in Faridabad, Haryana, to expand its business. The two new projects will be part of its 120-acre mixed-use development named ‘World Street by Omaxe.’ The first…
DLF to invest ₹20,000 cr in medium term to expand its commercial real estate biz
Real estate major DLF plans to invest around ₹20,000 crore in the medium term to develop commercial properties, including office and retail spaces. In a corporate presentation uploaded on stock exchanges, DLF shared the growth strategy of its rental business….
Nikhil Kamath’s Gruhas and Brigade Group launch ₹200 cr Earth Fund for real-estate, urban innovation
Real estate player Brigade Group and venture investment firm Gruhas have launched a ₹200 crore SEBI-registered Category-II Alternative Investment Fund (AIF), the Earth Fund, with an additional ₹100 crore green-shoe option. This marks Gruhas’ second fund, with Brigade as a…
MICL launches India’s tallest ultra-luxury residential tower in Mumbai
Man Infraconstruction Limited (MICL) today unveiled Avaan Tower 2, a 306-meter residential skyscraper in Mumbai’s Tardeo neighborhood that the company claims is India’s tallest ultra-luxury residential building. The shares of Man Infraconstruction Limited (MICL) were trading at ₹151.65 up by…
Embassy inks pact to divest 25 acres in Bengaluru to Lam Research for ₹1,125 cr
Embassy Developments Ltd (EDL), through its wholly-owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India) Pvt Ltd to sub-lease and subsequently divest approximately 25 acres in Whitefield, Bengaluru, subject to regulatory approvals. The transaction is…
Adani in advanced talks to acquire Emaar India for $1.4 billion, sources say
Gautam Adani is in advanced talks to buy the Indian unit of Dubai-based developer Emaar Group at a potential enterprise value of $1.4 billion, according to people familiar with the matter, helping Asia’s second-richest person expand in real estate. The…
IHG has a pipeline of 60 hotels in India in the next 3-5 years
IHG Hotels and Resorts has a pipeline of 60 hotels, due to open in India in the next three-five years, said Sudeep Jain, Managing Director – South West Asia, IHG. Currently, in India, the global hotel has 47 hotels operating…
Where will Tamil Nadu’s ambitious 2,000-acre Global City project near Chennai come up?
Where will Tamil Nadu’s ambitious 2,000-acre ‘Global City’ project near Chennai come up? This is the million-dollar question raised by common man and real estate developers after State Finance Minister Thangam Thennarasu announced it in the State Budget 2025-26 last…
HUDCO aims for zero NPA; $500-million fundraise from Japan underway: CMD Kulshrestha
Housing Urban Development Company (HUDCO), the Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA), which recently got an NBFC licence, is planning to “become a zero-NPA (non-performing asset) company”, that is it will have no bad loans…
Birla Estates launches first luxury residential project in Pune
The shares of Aditya Birla Real Estate Limited were trading at ₹1,883.50 up by ₹123.65 or 7.03 per cent on the NSE today at 11.35 am. Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited,…
Flex- workspace providers take off at airports to meet demand for work on the move
Beyond urban centers, flexible workspace providers are expanding into airport locations, addressing the growing demand for productivity on the move—especially among business travelers and remote workers. Mumbai-based IWG, which operates brands like Regus, Spaces, and HQ in India, along with…
Blackstone to acquire majority stake in Kolte-Patil for close to ₹2,000 crore
In one of the biggest deals in India’s residential real estate sector, US-based alternate asset manager Blackstone will be acquiring a majority stake in Kolte-Patil Developers for close to ₹2000 crore, taking an initial stake of 14.3 per cent through…
Brigade Enterprises targets ₹2,700 cr revenue from new housing project in Bengaluru
Realty firm Brigade Enterprises targets ₹2,700 crore revenue from its new housing project in Bengaluru. In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project ‘Brigade Eternia’ in Yelahanka, Bengaluru. The project, spread over 14.65…
Hanto Workspaces revenue may rise over 40% in FY25
Hanto Workspaces is expecting over 40 per cent increase in revenue this fiscal year to ₹30 crore on rising demand for flexible managed office space. Bengaluru-based Hanto Workspaces had posted a revenue of ₹21 crore in the 2023-24 fiscal year….
Self-certification scheme helps sharp increase in issuance of building permission in TN this fiscal
There has been a steady increase in the registration of documents and the revenue generated from it. This has been due to an increase in building permits issued over the years. After a major reform, the introduction of self-certification scheme…
Brigade launches Ebony at Brigade Orchards, expected to generate ₹380 crore in revenue
Brigade Group has announced the launch of a premium residential project, Ebony at Brigade Orchards, which is expected to generate ₹380 crore in revenue. The project spans a total development area of 0.5 million square feet in Devanahalli. Ebony at…
Peripharies emerge Hyderabad’s real estate hot spot growth hubs: Colliers
Hyderabad’s real estate growth is rapidly expanding beyond its core hubs, with peripheral areas emerging as the city’s new growth frontiers, according to a report by real estate services company Colliers. In its report ‘Hyderabad: Emerging Real Estate Growth Hotspots’,…
DLF to invest ₹6,000 cr to construct 75 lakh sq ft office, retail spaces in Gurugram
Realty firm DLF’s rental arm will invest around ₹6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a…
Casagrand to develop 2.74 million sq ft of residential space in Hyderabad
Casagrand, a Chennai-based real estate developer, has entered the Hyderabad market. It plans to add 2.74 million square feet of residential space there. “Hyderabad is one of the fastest emerging markets in the real estate sector in the South. As…
House of Abhinandan Lodha aims ₹10k cr pre-sales in FY29 on rising demand for housing plots
The House of Abhinandan Lodha, which sells housing plots, aims 4.5 times jump in sale bookings to ₹10,000 crore in 2028-29 on rising demand for plotted development projects, a top company official said. Addressing a CREDAI conference here, company’s founder…
Huge demand for data centres in India, 18 mn sq ft area needed in 4-5 yrs: Smriti Irani
BJP leader Smriti Irani on Friday suggested real estate developers to diversify their business and said there is a huge demand for data centres in India. Addressing a conference organised by Confederation of Real Estate Developers’ Associations of India (CREDAI)…
Blackstone, Sattva file for ₹6,200 cr REIT issue
Global asset manager Blackstone and Indian real estate developer Sattva have filed the draft prospectus for a real estate investment trust to raise ₹6,200 crore (about $712 million) with a commercial portfolio of 48 million square feet, of which 37…
Brigade launches premium residential project in Chennai
Brigade Group has launched Brigade Altius, a project with a revenue potential of ₹1,700 crore. This comes as the company aims to double its growth in Chennai across residential, commercial, retail, and hospitality sectors, according to Pavitra Shankar, Managing Director,…
‘Cement prices to come under pressure on weak demand in FY26’
India Ratings and Research expects cement prices to come under pressure with companies trying to increase output amid weak demand environment and fresh capacity additions. Cement prices have already dipped to its lowest in last two decades due to lower…
DRA launches Inara, Chennai’s first luxury villa community with exclusive land ownership
DRA, the Chennai-based real estate developer, has launched its first-ever luxury independent villa community, DRA Inara, in the city. The project will have 118 luxury units with complete and exclusive land ownership. With an investment of ₹100 crore, DRA Inara…
Chennai sees 57% dip in office completion in 2024
Chennai is the only city among the top six – the other five are Bengaluru, Hyderabad, Mumbai, Pune and NCR – that witnessed a dip in new office completions (Grade A) in 2024. In comparison, Mumbai saw the highest increase….
WTCA terminated 13 licenses held by World Trade Center in India
The World Trade Centers Association (WTCA) has terminated 13 licenses held by WTC Noida Development Pvt. Ltd and Spire Techpark Ltd effective February 19, 2025. The termination affects World Trade Center branded properties in Ahmedabad, Amritsar, Bhopal, Chandigarh, Faridabad, GIFT…
Oberoi Group partners with Ladhani Group for two Rishikesh resorts
The Oberoi Group announced its plans to develop two new resorts in Rishikesh in partnership with The Ladhani Group on Monday. The expansion includes an 80-key luxury Oberoi-branded resort with the “vilas” designation and a 120-key five-star Trident-branded hotel. Both…
Embassy REIT invests ₹100 cr in Kadubeesanahalli metro station, secures 30-year naming rights
Embassy Office Parks REIT has signed a definitive agreement to invest ₹100 crore in developing the Kadubeesanahalli Metro Station along the Outer Ring Road (ORR) corridor. The 17-km ORR metro project connects Central Silk Board Junction to K R Puram…
Experion Developers to invest ₹1,000 cr in new housing project in Noida
Real estate company Experion Developers will invest ₹1,000 crore to develop a new luxury housing project in Noida, Uttar Pradesh. The company is a 100 per cent FDI-funded real estate developer and wholly-owned subsidiary of Experion Holdings Pte. Ltd, Singapore….
Singapore’s GIC favours IPO route for commercial JV with DLF
Real estate developer DLF Ltd and Singapore wealth fund GIC are exploring an initial public offer for their joint venture DLF Cyber City Developers Ltd (DCCDL), rather than floating a real estate investment trust, where regulations are more restrictive, sources said….
Godrej Properties buys 12 land parcels to build ₹23,450 cr worth projects: Pirojsha
Godrej Properties acquired 12 land parcels during April-December period of this fiscal to develop housing projects worth ₹23,450 crore, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand. Godrej Properties also partners with…
TVS Emerald acquires 10-acre land parcel in Bengaluru
TVS Emerald has acquired a 10-acre land parcel in Sathanur, Bengaluru, the fourth acquisition made by the real estate developer in the current financial year, a top official said. With the latest acquisition, TVS Emerald has added land deals with…
February property registrations in Mumbai show stable trend
Property registrations in Mumbai in February at 11,932 units was down both on year as well as on month, the Maharashtra government data showed, with the month having fewer days. In January, this year the city had registered 12,249 units…
Birla Estates clocks ₹500 cr in bookings for Birla Trimaya in Bengaluru
Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), has launched Birla Trimaya in North Bengaluru. The booking value of the project stood at ₹500 crore with the sale…
Godrej Properties sells over ₹1,000 crore in Pune project launch
Godrej Properties Ltd (GPL) has sold residential inventory worth over ₹1,000 crore at its Godrej Evergreen Square project in Hinjewadi, Pune, the company announced today. The Mumbai-based developer sold 1,398 homes with a total area of approximately 1.23 million square…
ED searches WTC Builders & Bhutani Group for real estate fraud
The Enforcement Directorate on Thursday launched searches at multiple premises of two real estate companies — WTC Builder and Bhutani Group — and their promoters in the national capital region of Delhi to probe money laundering into fraud committed with…
Signature Global aims to achieve zero net debt in FY26 on strong sales: Chairman
Realty firm Signature Global is targeting to achieve zero net debt during the next fiscal year on healthy internal cash flow supported by strong consumer demand for its residential projects in Gurugram. The company has reduced its net debt in…
CBI probing Godrej Properties project in Chandigarh for EC violation
A first information report has been filed by the Central Bureau of Investigation against Godrej Estate Developers, an arm of Godrej Properties, alleging that the company did not get the clearance of the National Board of Wildlife (NBWL) for a…
NoBroker launched SaaS product ConvoZen.AI to diverse industries
NoBroker has launched its SaaS product, ConvoZen.AI, which it expects to contribute significantly to its revenue in the next 2–3 years. The platform is used across industries such as banking, travel, automobile, and healthcare, with users such as Microsoft and…
Viyaara Realty launches smaller luxury homes at ₹2-4 cr in Dadar
The demand for luxury apartments in Mumbai is witnessing a significant surge, driven by changing lifestyle preferences, increasing urbanisation, and the need for premium living in prime locations. With a growing segment of young professionals, MSME owners and nuclear families…
Residential Sales Fell in H2 2024 vs. H1: Chennai, Hyderabad, Mumbai, Bengaluru, Kolkata cities decline
Residential sales and launches have seen a distinct downward trend in the second half of 2024 compared to the first half, and preliminary data indicates that the trend is continuing in 2025 as well. Data also shows a softening of…
Real Estate: Monthly home rents surge 9-21% in 2024 amid rising demand
Rising costs of living are a cause for concern, and monthly rentals across the country’s major cities have been steadily increasing by 9.2 to 21 per cent in 2024 compared to a year ago, fuelled by migration, lack of good-quality…
Signature Global awards contracts worth ₹567 cr for housing project in Gurugram
Signature Global on Wednesday said it has awarded construction contracts worth ₹567.37 crore to build its housing project in Sohna, Gurugram. The company has given ₹482-crore contract to B L Gupta Construction (P) Ltd, while Shri Balaji has been given…
Signature Global operational revenue set to rise over ₹3,000 cr
Real estate company Signature Global is expecting at least a 2.5 times jump in its operational revenue to more than ₹3,000 crore in this fiscal on strong sales as well as completions of projects, its Chairman Pradeep Kumar Aggarwal said….
OYO-owned European holiday home brand DanCenter launched in India
OYO’s parent company, Oravel Stays, on Wednesday announced the launch of its European holiday homes brand, DanCenter, in the Indian market. DanCenter was acquired by OYO Vacation Homes in 2019. Since then, the company has expanded its presence in Europe…
Chennai’s Office stock to cross 100 Mn sq ft mark by end of 2026
The office stock in Chennai is likely to cross 100 million sq ft by the end of 2026. Total office stock in Chennai currently stands at over 89 million sq ft, the fifth largest in India as of December 2024,…
Hiranandani-Krisala Developers unveils 105-acre integrated township in Hinjewadi, Pune
The project, located in North Hinjewadi, will be developed under the Integrated Township Policy, featuring residential, commercial, and retail spaces. The joint development has launched Phase I, covering 30 acres, with a minimum potential to deliver 3 million sq feet…
Brigade Group plans to invest ₹1,500 crore in Kerala, signs MOU
Brigade Group has proposed to invest ₹1,500 crore in Kerala with a potential generating employment for around 12,000 people over the next five years. Brigade Enterprises Ltd, the flagship Company of Brigade Group has submitted an Expression of Interest at…
CREDAI Chennai FAIRPRO 2025: Records ₹363 crore in sales with 385 bookings
The three-day Chennai FAIRPRO 2025, organised by the Confederation of Real Estate Developers’ Associations of India (CREDAI), saw 385 bookings with ₹363 crore in total sales. This is as against 302 bookings worth ₹260 crore in 2024, according to Mohamed…
Bank credit to commercial real estate on rising trajectory
Bank credit to commercial real estate has gone up over 11 per cent in FY25 year to date, according to data by the Reserve Bank of India, indicating a comfort in the banking sector to increasing their exposure to the…
Hanto Workspaces plans to expand in Bengaluru by FY26 & to other key cities
Bengaluru-based Hanto Workspaces plans to add 4 lakh square feet of workspace in the Bengaluru micro-market by FY26. The leasing operator is also looking to expand into Chennai, Hyderabad, Mumbai, and Pune. Founded in 2020, Hanto Workspaces has doubled its…
Accor expands in India with the launch of Pullman Chennai
French hospitality group Accor, which operates 65 hotels in India, sees strong potential in Tier-3 cities for future expansion. The group, which is currently executing 30 new hospitality projects across the country, has launched Hotel Pullman Chennai, Anna Salai, formerly…
BIGBLOC Construction arm acquires land parcel in MP to set up new facility
StarBigBloc Building Material Ltd, an arm of BIGBLOC Construction, on Tuesday said it has acquired a land parcel in Madhya Pradesh, to set up a new manufacturing plant. The proposed Indore facility will produce Autoclaved Aerated Concrete (AAC) blocks strengthening…
Dubai’s Sobha Realty becomes global partner for ICC Men’s event, starting with Champions Trophy
Dubai-based Sobha Realty on Tuesday said it has become a global partner for the International Cricket Council (ICC) Men’s event. In a statement, Sobha Realty, which is part of Sobha Group, said the partnership spans various in-stadia, broadcast and digital…
Arvind SmartSpaces sign ₹600-cr real estate deal in Ahmedabad
Arvind SmartSpaces Limited (ASL), the real estate arm of textile major Arvind Ltd on Monday announced that it has signed a new residential plotted development project in Ahmedabad, with an estimated investment of ₹600 crore. This project located on Sanand-Nalsarovar…
KBC Global to issue 1:1 bonus shares
KBC Global, a construction and real estate development company, will issue bonus shares in the ratio of 1:1, subject to shareholders approval. The Board of Directors has also approved a proposal to increase authorised capital and proposed renaming KBC Global…
NGT delivers a split verdict on G Square’s Coimbatore township project
The National Green Tribunal, Southern Zone, Chennai, has delivered a split verdict on a case related to development of the township project and the construction of buildings in Coimbatore by the Chennai-based G Square Realtor Pvt Ltd without the Environmental…
Australia bans foreigners from buying existing homes for two years
Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday, in an effort to boost under-pressure housing supply. “We’re banning foreign purchases of established dwellings from April 1, 2025, until…
Merlin Group, Fashion TV join hands for ₹800-crore luxury residential project in Kolkata
Real estate developer Merlin Group has formed an exclusive partnership with fashion media giant Fashion TV (FTV) to launch a ₹800-crore branded luxury residential project in Kolkata. The first phase of the project will include 11 residential towers with 880…
New town plans in progress for 9 growth centres near Chennai, including Parandur: Stalin
New town development plans are under preparation for nine growth centres around Chennai, including Parandur where the greenfield airport is being planned, said Chief Minister MK Stalin on Friday. Inaugurating the 3-day CREDAI Fairpro 2025 real estate exhibition , Stalin…
Foundation stone laid for new 27-floor Central Tower in Chennai
Tamil Nadu Chief Minister MK Stalin on Friday laid the foundation stone for the construction of ₹350 crore, 27-floor Central Tower being executed by the Chennai Metro Asset Management Company. This is a Special Purpose Vehicle formed by Chennai Metro…
Tvasta builds 3D-printed villa for Godrej Properties in Pune
In a bid to showcase opportunities for 3D-printed homes in the future, Tvasta Manufacturing Solutions, a deep-tech start-up, has constructed a 3D-printed villa for Godrej Properties. The 3D-printed G+1 villa was completed in four months, from June to October 2024…
Signature Global sales bookings jump 2.8 times to ₹8,670 crore in Apr-Dec of FY25
Real estate company Signature Global sales bookings jumped 2.8 times to a record ₹8,670 crore in the first nine months of this fiscal on strong housing demand. According to its latest investors presentation, Signature Global’s achieved pre-sales or sales bookings…
Shriram Properties expands project pipeline with luxury development in Chennai
Shriram Properties Limited (SPL), a mid-market and mid-premium focused residential real estate developers in South India, has signed a Joint Development Agreement (JDA) to develop a prime land at Koyambedu – a prominent micro market in Chennai. The company is…
Signature Global Q3 results: Signature Global trims net debt 29% to ₹720 crore on strong sales, internal cash flows
Growing home sales | Photo Credit: HYWARDS Realty firm Signature Global has reduced its net debt by 29 per cent in the October-December quarter to ₹720 crore on strong pre-sales and collections from customers. The net debt of Signature Global…
We’re not in a rat race; NRI interest in Indian real estate back: Aakash Ohri, JMD, DLF Ltd
Buoyed by strong sales of 173 homes for ₹11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting ₹23,000 crore-odd from the remaining 247 units at ‘The Dahlias’. This new project is the second ultra-luxury offering…
Godrej Properties net debt down 49% in Q3 to ₹3,848 crore on better cash flow, equity fundraise
Godrej Properties Ltd has reduced its net debt by 49 per cent to ₹3,848 crore during the latest quarter ended December on the back of strong internal cash flow and equity fund raising. Its net debt stood at ₹7,572 crore…
Office, retail demand push Kochi’s commercial real estate growth
Driven by office and retail demand, commercial real estate in Kochi has registered robust growth, highlighting the city’s growing prominence as a promising destination. The city’s total office space stock grew by 28 per cent in the last three years…
Sobha’s Q3 PAT jumps 43.8% y-o-y to ₹21.7 crore on strong operational performance
Sobha Ltd has reported a profit after tax (PAT) of ₹21.7 crore reflecting a 43.8 per cent year- on-year increase. The company’s quarterly performance was driven by consistent operational execution and sustained demand, it stated. Revenue hike The real estate…
Upward rise in REIT occupancies, rents indicate healthy office demand
Occupancies at the office portfolios under real estate investment trusts (REITs) saw a significant rise in the third quarter aided by the denotification of SEZ spaces, while in-place rent also increased indicating healthy office take up, driven by strong demand…
In big relief, buyers can get possession of flats, plots during insolvency process
In a big relief for homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has allowed resolution professionals to hand over possession of plots, apartments, or buildings to homebuyers while insolvency proceedings are ongoing. This amendment addresses a long-standing issue…
Brigade Hotel Ventures secures SEBI approval for ₹900 crore IPO
Brigade Hotel Ventures Limited, a wholly-owned subsidiary of Brigade Enterprises, has secured SEBI approval for its ₹900 crore IPO debut. The company’s IPO includes a fresh issue of equity shares with a face value of ₹10 each, aggregating up to…
Godrej Properties reports strong Q3 performance
Real estate developer Godrej Properties’ third quarter net profit and revenue saw a sharp rise, delivering projects of 2.6 million square feet across two cities. The quarter also saw bookings worth ₹5,446 crore from the sale of over 4 msf…
Mindspace REIT acquires commercial property in Hyderabad for ₹2,038 crore
Mindspace Business Parks REIT announced today the acquisition of Commerzone Raidurg, a Grade-A commercial property in Hyderabad’s Madhapur area, for ₹2,038 crore. The deal involves purchasing 100 per cent equity shareholding in Sustain Properties Private Limited, which owns the 1.82…
Mahindra Lifespace bags ₹950 cr redevelopment project in Mumbai
Realty firm Mahindra Lifespace Developers on Monday said it has bagged a redevelopment project in Mumbai with an estimated revenue of ₹950 crore from the saleable area. In a regulatory filing, Mahindra Lifespace informed that the “company has been appointed…
Prestige Estates sales bookings down 38% to ₹10,066 cr in Apr-Dec
Real estate firm Prestige Estates Projects Ltd’s sales bookings have declined 38 per cent to ₹10,065.7 crore during the April-December period of this fiscal year as it launched fewer housing projects due to delay in regulatory approvals. Bengaluru-based Prestige Estates…
WeWork India files for IPO through OFS of up to 4.4 crore shares
WeWork India has filed the draft prospectus with Securities and Exchange Board of India (SEBI) for its initial public offer (IPO), which will be entirely through an offer for sale of up to 4.4 crore shares. The offer for sale…
Budget fails to address key concerns of real estate sector: CREDAI, NAREDCO
The real estate industry has said that the Union Budget should have addressed crucial areas, such as the affordable housing segment. Rising home loan interest rates and the outdated definition of affordable housing have created barriers for many potential homeowners….
₹8,900 crore additional allocation for residential rooftop solar
The Budget 2025-26 makes an allocation of ₹20,000 crore, under ‘revenue expenditure’ for the PM Surya Garh Muft Bijli Yojana (PMSGMBY) — a scheme that provides incentives for setting up small-scale rooftop solar plants on residential roofs. This is…
India’s much showcased affordable housing market see a steep decline
Once showcased as a flagship in the Centre’s push for ‘Housing for All’, India’s affordable housing sales are witnessing one of its steepest fall in recent times. Homes priced in the ₹60-75 lakh price bracket has seen a supply as…
GSquare Group forays in to villa and apartment development
GSquare Group, a major plot promoter, is foraying in to developing apartments and villas and will invest nearly ₹1,000 crore in the next two years in this expansion. The first project will come up at Vandalur in about 6 acres…
Embassy REIT posts record Q3 revenue, 13% jump in distributions
Embassy Office Parks REIT, India’s largest office REIT, reported record quarterly revenue of ₹1,022 crores and net operating income of ₹829 crores for Q3 FY2025, both up 9 per cent year-over-year. The company announced distributions of ₹559 crores (₹5.90 per…
Industrial & logistics leasing hits all-time high in 2024 at 39.5 m sq ft across eight cities: CBRE report
Leasing in industrial & logistics reached a peak of 39.5 million sq ft in CY 2024 across the top eight cities. This is supported by a robust supply addition of 38.6 million sq ft during 2024, says real estate consulting…
Filmistan Studio site acquired by Arkade Developers for ₹165 crore
A 4-acre property in Mumbai, the site of the historic Filmistan Studio which churned out blockbuster movies in the 1940s and 1950s, has been acquired by Arkade Developers for ₹165 crore. Arkade plans to develop luxury residences on the site…
Brigade Enterprises PAT up threefold to ₹236 crore for Q3FY25
Bengaluru-based property developer Brigade Enterprises reported a profit after tax of ₹236 crore for the quarter ended December 31, marking a 322 per cent increase from the corresponding quarter last year. The growth was attributed to the completion of two…
Infra.Market leases space in Thane for ₹200 crore rent over 20 years
IPO-bound Infra.Market has signed a 20-year lease with Ekatva Group at its property in Thane at rent of over ₹200 crore, a release from the real estate developer said. The total area being leased is 70,000 square feet and under…
Blackstone to file draft offer document for $700 mn REIT in February
Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest…
Arvind SmartSpaces to develop ₹1350 crore industrial park near Ahmedabad
Arvind SmartSpaces Limited (ASL), the real-estate arm of Ahmedabad-based textile major Arvind Ltd, on Monday said that it has signed an agreement for a ₹1350 crore industrial park that will be spread on an estimated 440 acres near Ahmedabad. This…
Lodha versus Lodha: Brothers slug it out in court over trademark use
The two Lodha brothers, Abhishek Lodha of Macrotech Developers and his brother Abhinandan Lodha of House of Abhinandan Lodha, are slugging it out in court over the use of the ‘Lodha’ name. On Monday, they were advised by the Bombay…
Arvind SmartSpaces enters Mumbai Metropolitan Region with ₹1500 crore township project
Arvind SmartSpaces Limited (ASL), has signed an agreement for its first horizontal multi-use project in Mumbai Metropolitan Region (MMR), with a total estimated area of about 92 acre and a top-line potential of an estimated ₹1,500 crore. Located near Khopoli, Mumbai…
Macrotech Developers Q3 net profit rises 88% on robust sales
Real estate developer Macrotech Developers reported an 88 per cent rise in consolidated net profit in Q3 of FY25, while revenue rose over 39 per cent, as it registered its best quarterly sales and also handed over 1631 units. Adjusted…
DLF net profit up 62 per cent, bookings surpass FY25 guidance
Delhi NCR-based listed real estate developer, DLF Ltd, reported a 62 per cent jump in consolidated net profit, y-o-y to ₹1059 crore for the quarter ended December 31, 2024. The company had posted a net profit of ₹656 crore in…
Mindspace Business Parks REIT sees strong growth in Q3 with rising net operating income and leasing activity.
Mindspace Business Parks REIT reported 8.3 per cent rise in the net operating income in the third quarter at ₹522 crore and revenue from operations rose 7.5 per cent to ₹642 crore, on strong leasing and spreads. The K Raheja…
Nuvama-Cushman & Wakefield JV raises ₹1,700 crore for Prime Offices Fund
Nuvama and Cushman & Wakefield Management, a joint venture between Nuvama Asset Management and Cushman & Wakefield, announced the first close of its Prime Offices Fund with a corpus of ₹1,700 crore. The first close was achieved within nine months,…
Office leasing in top 6 cities seen at 60 msf in FY25-end
Commercial office leasing across the top six cities in India is expected to rise 10-11 per cent on year to end at 59-60 million square feet (msf) in FY25 and rise a further 3-4 per cent in FY26, driven by…
Greenbase in final stages of acquiring 55 acres of land at Oragadam
Greenbase Industrial & Logistics Park, a Hiranandani- Blackstone joint venture, is in the final stages of acquiring about 55 acres of land adjacent and contiguous with its existing parcel inside the Hiranandani Parks in Oragadam, the auto hub near Chennai….
Investor and buyer interest revives for Trump Tower residential projects in India
New Delhi, January 21 Buyer interest and investor activity have returned to Trump Tower residential projects in India. Sources said there is active interest for these super-premium projects in places like Delhi–NCR, where current projects are already sold-out. In fact,…
Oberoi Realty Q3 PAT up 72%, on higher delivery of houses
Real estate developer Oberoi Realty reported a 72 per cent increase in consolidated net profit in the third quarter of FY25, with revenue rising 34 per cent as the company completed and delivered more houses in the quarter. The company…
Delhi NCR saw the most land deals in 2024 despite prices skyrocketing: Anarock report
Financially strong real estate developers and other entities continued to acquire land in 2024 despite escalating land prices. Backed by high homebuyer demand, the Delhi and National Captial Region led in the number of land deals closed among all cities,…
Provident housing launches second phase of Bengaluru eco-project
Provident Housing Limited announced today the launch of the second phase of its Provident Ecopolitan project in Bengaluru, following the sell-out of its first phase. The new phase, scheduled to launch this weekend, will offer 581 residential units across two…
Garuda Construction bags ₹1,087 crore convention centre project in UP
Garuda Construction and Engineering Limited announced today it has secured its largest-ever order worth ₹1,087.34 crore from the Gorakhpur Development Authority to construct an international convention centre in Uttar Pradesh. The shares of Garuda Construction and Engineering Limited were trading…
Sundaram Alternates crosses ₹1,000 crore-mark with real estate fund IV
Sundaram Alternates, part of the Sundaram Finance Group, announced that it has recently surpassed the ₹1,000-crore milestone in fundraising for its Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV. The SA RE Credit Fund IV will…
Godrej Properties forays into Hyderabad
Godrej Properties has forayed into the thriving Hyderabadreal estate market by announcing the launch of its maiden residential project Godrej Madison Avenue at Kokapet, which is a hub for a number of multinational companies. The three-acre, 50-storeyed building would become…
Indian Real Estate attracts $2.82 billion in private equity investement: Anarock
Private equity investment in Indian real estate rose 6 per cent to$2.82 billion during the April-December period of this fiscal, driven by a surge in fund inflow in industrial & logistics parks, according to Anarock. The number of PE deals…
Puravankara reports ₹1,265 crore in Q3 sales, marks 2% YoY growth
Bengaluru-based real estate developer Puravankara reported sales of ₹1,265 crore for the quarter that ended on December 31, up by 2 per cent year-on-year (YoY) compared to ₹1,241 crore during the same period last year, according to the company’s operational…
Indian real estate PE investments rise 6% in 9MFY25 despite fewer deals: ANAROCK
Private equity (PE) investments in Indian real estate displayed a notable shift in the first nine months of FY25 (9MFY25), with total investment value rising 6 per cent year-on-year (YoY) to $2.82 billion, even as the number of deals declined….
Macrotech Developers Q3 sales up 32% at ₹4510 cr, best ever pre-sales growth
Macrotech Developers sold houses worth ₹4510 crore in the December quarter, up 32 per cent on year, while it cut its debt to ₹4320 crore with collections rising 66 per cent. In an exchange filing the company said it collected…
NCLAT green-lights Indiabulls Real Estate-Embassy Group merger, overrides NCLT order
In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order stalling the process. “We set…
Home sales, office leasing see new highs in 2024
Home sales in 2024 across the top eight cities reached a 12-year high while office sector saw a record leasing in the year, but a worrying trend is builders focusing more on the premium segment in which certain price categories…
Punjab & Sind Bank rejects Supertech Township Projects’ settlement proposal; NCLAT to decide on insolvency
Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director…
Indian real estate sees $11.4 billion equity investments in 2024, with Singapore, US, and Canada leading foreign inflows.
Indian real estate recorded equity investments of $11.4 billion in 2024, marking a 54 per cent year-on-year (y-o-y) growth, according to a report by CBRE. Singapore, the US, and Canada emerged as the dominant contributors to foreign equity inflows, collectively…
Krishna Group debuts in hospitality with Four Points by Sheraton Chennai in Velachery
Chennai-based Krishna Group, a leading player in the real estate sector, has announced its debut in the hospitality sector with the launch of Four Points by Sheraton Chennai Velachery in collaboration with Marriott International. The new business hotel is set…