Category: Real Estate

The mechanism has five steps | Photo Credit: iStockphoto 7 Central Board of Direct Taxes, the apex policy making body for Personal Income Tax and Corporate Tax has urged field formations to follow ‘Kolkata Model’ for assessing Capital Gains on Joint Development Agreements (JDAs). This issue is critical because post implementation of the Finance Act…

German lifestyle and interior solutions brand Hettich has opened its revamped Experience Centre in Hyderabad, following a similar launch in Bengaluru. (A representative image) The 137-year-old German lifestyle brand Hettich has opened its revamped Experience Centre in Hyderabad, following the launch of a similar centre in Bengaluru. The move marks the brand’s mission to bring…

To promote affordable housing, CREDAI said there is a need to create land banks. Land reforms, ease of doing business, faster building plan approvals with lower charges, skilling, and creation of new cities are required to transform the Indian real estate sector, according to the Confederation of Real Estate Developers’ Associations of India (CREDAI). Realtors’…

Global investment management firm BlackRock Services India has signed a fresh lease with Indiqube Space Ltd for 1.43 lakh sq. ft at KNG Tower 1 (Indiqube Symphony), MG Road, Ashok Nagar, Bengaluru, as per real estate analytics firm Propstack. The 10-year lease commences on October 1, 2025, with a monthly rental outlay of ₹2.72 crore,…

Representative image | Photo Credit: nespix India’s logistics and industrial real estate sector recorded double-digit growth in the first half of 2025, with total leasing at 30.7 million square feet (MSF) – a 21.6 per cent increase y-o-y and 12.1 per cent higher than H2 2024, according to Cushman & Wakefield’s latest H1 2025 Logistics…

Juggy Marwaha, CEO of Prestige Office Ventures | Photo Credit: SOMASHEKARA GRN The US may dwarf the world with nearly 7 billion sq. ft of office stock, and China follows at 3.6 billion sq. ft. But India, with 1.1 billion sq. ft, has quietly emerged as the powerhouse of Asia-Pacific, commanding nearly 70 per cent…

The Trump World Center Pune promises two 27-storey office towers, expansive retail spaces  | Photo Credit: Radheshyam Jadhav Pune At Mundhwa chowk — rebranded as Koregaon Park Annexe, like a designer label stitched onto an old kurta — life still hums to the rhythm of pan stalls, welding sparks, garage hammers, and the steady rumble…

Indian Real Estate Investment Trusts (REITs) generate an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. CREDAI, the apex body of Indian real estate developers, and property consultant Anarock released a report ‘Indian REITs – A Gateway to Institutional…

Indian government’s decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors’ body CREDAI. The association, which has a 13,000 members from across India, said the construction cost is expected to come down because of reduction in…

Despite REIT guidelines being introduced in 2014 and the first listing only in 2019, Indian REIT market accounts for just 20% of institutional real estate, far below the USA (96%) or even Asian peers like Singapore (55%) and Japan (51%).  Indian REITs deliver about 6-7 per cent yields, surpassing global benchmarks, according to a joint…

 Abhishek Lodha, MD & CEO of Lodha Developers A year after the Maharashtra government approved the Green Integrated Data Centre Parks in the Mumbai Metropolitan Region, it has signed a Memorandum of Understanding with Lodha Developers for setting up a data centre park in Palava. In 2019, the state government declared Integrated Data Centres as…

India’s real estate sector is set for a significant scale-up, with office and industrial assets projected to surpass 2 billion sq. ft. by 2047. The sector is expected to reach $5-10 trillion, a growth that could contribute nearly one-fifth of the country’s GDP, according to a report by Colliers in association with CREDAI. Released at…

While developers are offering high shares of floor space index (FSI) to societies, Knight Frank cautions that if free-sale revenues cannot cover costs, projects could become unviable | Photo Credit: iStockphoto The surge in redevelopment projects in Mumbai could be a cause for alarm if the current buoyancy in the real estate cycle subsides or…

Rohit Reddy, Co-Founder and CEO, TRULiV | Photo Credit: Bijoy Ghosh TRULiV, a Chennai-based co-living start-up is targeting revenues of ₹60 crore in FY26, driven by expansion in the metro markets. Speaking to businessline, TRULiV co-founder & CEO Rohit Reddy said the company has become the first player in the Indian co-living and alternative hospitality…

Realty firm Shriram Properties Limited has partnered with a landowner to develop a 6.5-acre housing project in Bengaluru with an estimated revenue of around ₹500 crore. In a regulatory filing on Friday, the company informed that it has signed a Joint Development Agreement for a 6.5-acre prime land in North Bengaluru. The company will develop…

The reduction in Goods and Services Tax on items such as cement, steel, marble, granite blocks, which are used in construction and housing sector has been received with tepid enthusiasm by the builder community, which feels that the government should have addressed the issue of input tax credit and provided incentives to boost affordable housing….

The National Real Estate Development Council (NAREDCO) has said that the new GST rate structure has brought relief to real estate and its allied sectors. “The timing of this decision was equally significant. Announced during the festive season, it will lift consumer sentiment and create fresh demand. It will act as a strong booster for…

Housing finance demand remains steady. Shift towards larger homes, loan applications in metros are holding firm. | Photo Credit: chanakon laorob For many in India’s major metros, homeownership still feels out of reach. Rental hikes across cities like Bengaluru, Delhi, Mumbai, and Hyderabad eased to 7-9 per cent in 2025, a sharp correction from the…

Puravankara’s Mumbai redevelopment portfolio spans 4.25 million sq ft, with a combined gross development value of ₹10,500 crore | Photo Credit: VIBHU H Real estate developer Puravankara Ltd has secured redevelopment rights for a residential society in Malabar Hill, Mumbai, through its wholly-owned subsidiary Purva Blue Agate Pvt Ltd. The redevelopment project is the company’s…

As many as 45 cities out of 50 registered an increase in property prices during the first quarter of 2025-26, according to data released by the National Housing Bank (NHB). “Out of the 50 cities covered, 5 cities registered a decline in the property prices on an annual basis. Howrah registered the maximum decline of…

Representative image | Photo Credit: Deepak Sethi Realty firm Sanjeevini Group on Sunday said it is expecting a revenue of about ₹1,200 crore from its new housing project in Bengaluru. The company has launched a luxury residential project “The Adwaith”, spread over 8.3 acres and comprising 668 units, at Gunjur in Bengaluru East. The total…

Realty firm Signature Global Ltd has purchased 33.47 acre land parcels at Sohna, Gurugram, for around ₹450 crore to develop housing projects, a top company official said. Gurugram-based Signature Global is one of the leading real estate developers in the country. The company became the fifth largest player in the last fiscal year in terms…

With Ganesh Chaturthi marking the onset of the festive season, real estate players are anticipating a surge in homebuying. As per exclusive data shared by ANAROCK, the festive season tends to see sales spikes of anywhere between 15-30 per cent. Mumbai Metropolitan Region and Delhi-NCR tend to see high increases of 20-22 per cent on…

At its annual convention, NAREDCO President G. Hari Babu said stamp duty should be cut to 1% for women and 3% for men, compared to the current 5–10% across states.  Realtors body NAREDCO has urged state governments to reduce stamp duty on registration of affordable homes priced up to Rs 45 lakh per unit to…

Hyderabad has emerged as the country’s co-working hub, contributing 29 per cent to sectoral demand in Q2 CY25. | Photo Credit: Getty Images India’s office market remained buoyant in H1 CY25 with 34.5 mn sq. ft demand, led by Bengaluru, Delhi-NCR and Pune, according to a CREDAI–CRE Matrix report. Despite 28.8 mn sq. ft of…

Indian REITs continue to pick pace, especially in the office sector, supported by new listings, broadening of occupier base and growing institutionalisation in the segment A decade-old alternative investment product real-estate investment trust, widely known as REIT, is slowly gaining investors’ interest When market regulator Securities and Exchange Board of India (SEBI) introduced REITs in…

India’s senior living market is poised for strong growth, with nearly 15,000 homes expected by 2030 at an estimated investment of ₹26,000 crore, according to a report by the Association of Senior Living India and JLL India | Photo Credit: Nearly 15,000 senior living homes are likely to come up by 2030 with an estimated…

Real estate developer Ashiana Housing Ltd has acquired 22.71 acres of land in Mahindra World City, Chennai, on perpetual lease from Mahindra World City Developers Ltd, a subsidiary of Mahindra Lifespace. (A representative image) | Photo Credit: Ashiana Housing  Realty firm Ashiana Housing has acquired nearly 23 acres of land in Chennai to develop a senior…

Kerala CM Pinarayi Vijayan | Photo Credit: NIRMAL HARINDRAN / THE HINDU The Kerala cabinet on Wednesday approved an amendment to the decades-old Land Assignment Act, meeting a long-pending demand of people living in the state’s high ranges to resolve various land-related issues. Announcing the decision at a press conference here, Chief Minister Pinarayi Vijayan…

Chennai-based Coromandel Engineering Company Ltd, in its 2024-25 annual report, outlined its vision to become a one-stop construction solutions provider. The Chennai-based Coromandel Engineering Company Ltd envisions transforming itself into a comprehensive one-stop construction solutions provider, catering to diverse client needs across the residential, commercial, and industrial sectors, as stated in its 2024-25 annual report….

Brigade Enterprises Ltd at Perungudi, Rajiv Gandhi Salai, OMR is the flagship company of Brigade Group which is headquartered in Bangalore, Karnataka, India. | Photo Credit: KARUNAKARAN M Brigade Enterprises has announced a long-term lease agreement for a land parcel of 7-acres located on Old Mahabalipuram Road (OMR), a significant commercial corridor in Chennai.  According…

Bengaluru’s booming tech economy has fuelled property demand, but wage growth has not kept pace with soaring home prices and rentals | Photo Credit: Siva SaravananS Rising inflation and escalating construction costs are putting Bengaluru’s mid-segment housing market, homes priced between ₹45 lakh and ₹1 crore under sustained pressure. Over the past three years, this…

Casagrand employees on chartered train trip to Goa. Chennai-based real estate developer Casagrand has chartered a train carrying 800 employees from different zones, on a corporate offsite to Goa.   In the past, the company had taken employees on various trips including to Spain, Sri Lanka and Dubai, as part of its ‘profit-share bonanza programme.’ The programme,…

India is expected to see strong demand for office spaces in 2025, with Global Capacity Centres (GCCs) projected to absorb 35-40 per cent of the total office space during the year, according to a recent report by CBRE. The report highlighted that India is steadily strengthening its role as a global hub for GCCs. International…

As per a recent report from UnearthInsights, the total addressable market for GCC workplaces in India stood at $4.32 billion in 2025 and the country is adding 80 to 120 thousand new GCC seats annually   With India’s Global Capability Centre(GCC) ecosystem growing rapidly year after year, so has the demand for high quality office…

DRA Group, the Chennai-based real estate developer and Balajadia Family office – global investors and entrepreneurs from the Philippines, have signed a Memorandum of Understanding (MoU) for joint development of 1 million sq ft of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of $100 million. The MoU…

Realty firm Brigade Enterprises Ltd is targeting more than ₹225 crore in revenue from the sale of residential plots in its new project in Bengaluru. The company has launched a new project ‘Brigade Cherry Blossom’, in Malur of East Bengaluru. This is a joint venture project, comprising 338 housing plots. “With a projected revenue potential…

Realty firm Omaxe Ltd has posted a consolidated net loss of ₹185.77 crore in the first quarter of this financial year on lower income. Its net loss stood at ₹146.98 crore in the year-ago period. Total income also declined to ₹298.03 crore in the April-June period of 2025-26 fiscal against ₹385.23 crore in the corresponding…

Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than ₹20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. According…

During the first quarter of this fiscal, Godrej Properties acquired five land parcels to build housing projects with revenue potential of ₹11,400 crore. Realty firm Godrej Properties’ net debt has risen 42 per cent in June quarter to ₹4,637 crore as the company looks to expand its business to meet strong housing demand. Its net…

Godrej Properties acquired five land parcels in the April-June quarter to build housing projects with revenue potential of ₹11,400 crore and will continue to pursue attractive land-buying opportunities, according to a top company official. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said, “We are quite active on the land front. I…

Realtors apex body CREDAI’s Maharashtra chapter has appointed Sukhraj Nahar as its new president. In a statement, CREDAI-MCHI, which represents real estate developers in the Mumbai Metropolitan Region (MMR), said it has appointed Nahar Group Chairman Sukhraj Nahar as its 18th President for the 2025-2027 term. CREDAI-MCHI also announced the new management committee comprising Bandish…

House real estate graph price investment mortgage | Photo Credit: anilakkus Keystone Realtors Ltd has bagged three redevelopment projects in Mumbai during the latest June quarter with a revenue potential of more than ₹7,700 crore and is looking to acquire more land parcels for growth of its residential real estate business, a top company official…

Patanjali Keswani, Chairman & Managing Director, Lemon Tree Hotels Ltd | Photo Credit: PAUL NORONHA Lemon Tree Hotels announced on Friday that its material subsidiary, Fleur Hotels Ltd, has been selected as the bidder in the e-auction conducted by the Delhi Development Authority (DDA) for licensing rights to a land parcel located in Nehru Place,…

DEC Infrastructure and Projects (India) Private Limited, a Hyderabad-based infrastructure company, has secured a ₹2,000-crore contract from the Central government to construct residential facilities for government employees in New Delhi. The company has received a Letter of Acceptance from the Central Public Works Department (CPWD) for the contract to redevelop the General Pool Residential Colony…

Affordable home sales are likely to be hit by the proposed US tariffs on Indian exports, which will hurt small businesses and income of their staff who are major buyers of housing properties costing up to ₹45 lakh, according to realty consultant Anarock. Micro, Small and Medium Enterprises (MSMEs) account for a significant chunk of…

Brigade Group has a pipeline of 16 mn sq ft new launches across residential, commercial segments and plans to add 1,700 keys in hotel segment. Bengaluru-based realty player Brigade Group has posted a 95 per cent year-on-year (y-o-y) growth in profit after tax at ₹158 crore in Q1 FY26. The total revenue was at ₹1,333 crore,…

Binaifer Jehani, Business Head, CRISIL and Abbas Master, Associate Director, CRISIL, present Sunil Kumar V., Founder & Managing Director, Asset Homes, with the CRISIL DA2+ certification. Kochi-based real estate developer Asset Homes has retained the CRISIL DA2+ rating for the fifth year in a row. Binaifer Jehani, Business Head, CRISIL and Abbas Master, Associate Director,…

Capital Tower, the headquarters of Capitaland Ltd | Photo Credit: Munshi Ahmed CapitaLand Investment Limited (CLI) signed a memorandum of understanding with the Maharashtra government on Tuesday, committing to invest over ₹19,200 crore (S$2.83 billion) by 2030 to expand operations in Mumbai and Pune. The announcement coincided with the launch of CLI’s first data centre…

Rohit Katyal, Executive Chairman, Capacit’e Infraprojects  Capacit’e Infraprojects Limited reported total income of ₹599 crores for the first quarter of FY26, marking a 4 per cent year-on-year increase from ₹578 crores in the corresponding period last year. However, profitability metrics came under pressure during the quarter. The construction company’s EBITDA declined 4 per cent to…

Seniors at Vedaanta Senior Living, Coimbatore, Tamil Nadu | Photo Credit: Vedaanta Senior Living As India is steadily experiencing a rise in its senior citizen population, southern locations are emerging as attractive locations to settle post retirement. South dominates with 68 per cent of the senior living projects while West is far behind with 15…

Chennai has also seen a large share of high-quality office infrastructure, with 64 per cent per cent of its inventory classified as Grade A, compared to the pan-India average of 53 per cent per cent Chennai’s total office stock has reached 92 million square feet as of H1 2025, contributing 10 per cent per cent…

The Enforcement Directorate (ED) on Monday arrested Sandeep Yadav and Arvind Walia, director and majority shareholders of Ramprastha Promoters and Developers Pvt Ltd (RPDPL), in connection with its ongoing investigation related to the alleged “builder buyer fraud” of ₹1,100 crore, officials said. The agency’s move comes after ED officials conducted searches on the residential and…

Mindspace Business Parks REIT has acquired an office complex, covering 8 lakh square feet area, in Hyderabad for ₹512 crore to expand its portfolio. In a regulatory filing on Thursday, the company informed that it has acquired 100 per cent equity shareholding in Mack Soft Tech Pvt Ltd, which owns ‘Q-City’, a 0.81 million square…

Ashiana Housing Limited is contemplating a total outlay of ₹425 crore towards senior living during FY2025–26, the company informed the bourses on Tuesday. Outlay includes payout to landowners, construction and execution costs and other project related expenses. A significant portion of this outlay is to be incurred towards expanding the company’s senior living portfolio. And…

G Square, the Chennai-based land aggregator and plot promoter, has enabled customers to tailor their plots based on their requirements. This allows buyers to express their interest in a location and share specific preferences such as plot size, shape, and facing. Generally, the company puts the layout and conveys to the customer about the available…

India’s top real estate developer DLF Ltd, along with Trident Realty, has sold all 416 apartments in its newly launched luxury residential project, The Westpark, located in Andheri (West), Mumbai, for ₹2,300 crore — within a week of launch.  | Photo Credit: India’s largest realty firm DLF Ltd and Trident Realty have sold all 416…

G Hari Babu, President of National Real Estate Development Council (NAREDCO) has urged the government to bring the Goods and Services Tax (GST) rates of building materials to the bracket of 18 per cent. Speaking at the announcement of NAREDCO’s 17th National Convention in the national capital, NAREDCO President reiterated industry’s demand of Input Tax Credit (ITC)…

 Many property consultants have reported a decline in the total housing sales across the top seven cities in the last two quarters | Photo Credit: Andrii Yalanskyi Godrej Properties is on track to meet or even exceed ₹32,500 crore sales bookings target for this fiscal as housing demand continues to be strong, its executive Chairperson…

Chasing convenience and quality of life, urban settlers are increasingly seeking homes in communities that offer more than just housing. Today’s homebuyers are looking for townships- modern-day urban villages, that integrate schools, hospitals, retail zones, green spaces, and recreation hubs within walking distance. This rising demand for “walk-to-everything” lifestyles is reshaping how real estate developers…

Brookfield India Real Estate Trust A high single-digit increase in the income from operating leases saw Brookfield India Real Estate Trust’s net operating income rise 13 per cent in the June quarter, while payout rose 17 per cent. Operating lease income increase came from new leasing and contractual escalations, though that was partly offset by…

The data of pan India market performance in the first half shows that Tier 1 cities across India recorded housing sales worth approximately ₹3.6 lakh crore, marking a 9% increase from ₹3.3 lakh crore in H1 CY24.  India’s residential real estate sector has witnessed a slowdown in new project launches, with the number of units…

 Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT. Embassy Office Parks REIT has raised ₹2,000 crore through a 10-year Non-Convertible Debenture (NCD) issue. The issue was priced at an effective coupon of 7.33% over a 10-year tenor, with a step-up structure of 7.25% for the first five years and 7.45% for the subsequent five years….

Godrej Properties Limited reported its highest-ever quarterly net profit of ₹600 crore for Q1 FY26, marking a 15 per cent year-on-year growth despite facing headwinds in booking values. The real estate developer’s booking value declined 18 per cent to ₹7,082 crores compared to the same quarter last year, though this marked the eighth consecutive quarter…

The consultant attributed the rise in demand to increased activities in three southern cities | Photo Credit: Flash vector Office space leasing in Delhi-NCR more than doubled to 2.62 million square feet during April-June on better demand of workspace in Gurugram and Noida from corporates, according to Vestian. On Friday, US-based real estate consultant Vestian…

Housing market is witnessing “premiumisation” across major cities | Photo Credit: iStockphoto Housing sales fell 5 per cent to 2.53 lakh units during the first six months of this year but increased 9 per cent in value terms to ₹3.59 lakh crore across eight major cities, according to a CREDAI and CRE Matrix report. On…

Consequently, the High Court quashed the orders of the Assessing Officer and the ITAT to the extent that they deprived Nangpal of the full exemption benefit under Section 54(1) of the Act. In a significant pronouncement for individual taxpayers, the Bombay High Court has elucidated the interpretation of Section 54(1) of the Income Tax Act,…

Brigade Group has launched its premium residential project Brigade Avalon, with a development area of approximately 6.4 lakh square feet and a projected revenue potential of over ₹1,000 crore. Located in Whitefield Main Road, the project is spread across 4.36 acres. “The launch of Avalon reinforces our commitment to be a key player across South India….

Real estate developers and financial institutions have become more optimistic towards growth in India’s property market for the next six months despite global uncertainties, according to NAREDCO and Knight Frank. On Tuesday, realtors’ body NAREDCO and property consultant Knight Frank India have released the 45th edition of the ‘Real Estate Sentiment Index’ for April-June quarter,…

The company will develop 405 luxury apartments. | Photo Credit: HYWARDS Realty firm Brigade Enterprises has partnered with landowners to develop two housing projects in Hyderabad with an estimated revenue of more than ₹970 crore. In a regulatory filing on Tuesday, the company informed that it has signed Joint Development Agreements (JDAs) for upcoming residential…

This funding aims to strengthen Omaxe’s core operations and accelerate the delivery timelines for various residential, commercial, and public-private partnership developments. | Photo Credit: Real estate developer Omaxe Group has secured funding of ₹500 crore from funds managed by Oaktree Capital Management. Oaktree is among the global investment managers specialising in alternative investments. In a…

Blackstone and Sattva group sponsored real estate investment trust Knowledge Realty’s ₹4,800-crore IPO has been greenlighted by Securities and Exchange Board of India Trust and is set to open on August 5. It will be the second largest REIT in Asia and India’s largest based on its gross asset value of ₹62,000 crore, according to…

Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch ₹17,000 crore worth residential projects by March next to meet consumers demand. In an interview with PTI, the company’s Executive Director ( Finance) Sushil Kumar Modi noted that the high demand for residential properties, being seen post-Covid…

DEC Infrastructure and Projects bagged the contract for phase-I comprehensive conservation, retrofitting and setting up of service building in North Block in New Delhi worth ₹317 crore. The Hyderabad-based company received a Letter of Acceptance of the tender from the Central Public Works Department (CPWD) to complete the works within 24 months.  The North Block…

Source: Company website | Photo Credit: BL companies Realty firm Lodha Developers Ltd on Saturday reported a 42 per cent surge in its consolidated net profit to ₹675.1 crore for the first quarter of this fiscal, due to better income driven by strong housing demand. Its net profit stood at ₹475.9 crore in the year-ago…

Backed by an investment commitment of ₹9,000 crore, M3M India has launched three major projects in Noida. Together, these developments span over 7.5 million square feet and are expected to drive major economic and employment opportunities in the region. The developments are set to generate employment for about 15,000 individuals across a range of functions,…

A central 6,000 square metre landscaped podium dubbed the ‘Eco Deck’ serves as the project’s green centerpiece | Photo Credit: FRANCIS MASCARENHAS DLF Home Developers has sold out all 416 units in Phase 1 of ‘The Westpark’, its first residential project in Mumbai, generating over ₹2,300 crore in sales within a week of launch. The…

Realty major Sobha Ltd reported a profit after tax (PAT) of ₹13 crore for the quarter ended June 30, marking a sharp 123 per cent year-on-year (YoY) increase. During the quarter, the company recorded a sales value of ₹2,079 crore, crossing the ₹2,000-crore milestone for the first time. Collections stood at ₹1,778 crore, up 15%…

 Ramesh Nair, CEO and MD of Mindspace Business Parks REIT Mindspace Business Parks REIT, which develops an office portfolio, has acquired Mack Soft Tech Private Limited, which owns 0.81 million sq ft of ‘Q-City’, for ₹512 crore. This marks its first third-party asset addition. Post-acquisition, the company’s portfolio capacity grows to 37.9 million square feet…

The company is expecting to develop over 6 million sq ft of premium residential and mixed-use developments in the UAE over the next 3 years, a release from the company said Chennai-based real estate developer Casagrand has announced its entry into the UAE. This foray into the international market is part of Casagrand’s long-term vision…

Realty firm Lodha Developers Ltd has raised ₹350 crore by issuing debentures on a private placement basis for business growth. In a regulatory filing on Monday, the company informed that an executive committee of the Board of Directors approved allotment of non-convertible debentures (NCDs) aggregating to ₹350 crore on a private placement basis. Earlier this…

IndoSpace has launched its largest industrial park in India, the 188-acre IndoSpace Chakan V in Pune, backed by a $120 million investment. The facility represents the company’s eighth industrial and logistics park in Maharashtra, expanding its existing 525-acre footprint in the Pune region. The park is strategically located within MIDC Chakan along major transportation corridors…

Anta Builders Managing Director Midhun Kuruvila Kurien and Beta Group Director Rajnarayan Pillai exchanged MoUs and shareholding agreements. Kirloskar Industries Limited Managing Director George Varghese, Beta Group Chairman Rajmohan Pillai, and Madhu Kumar of Client Associates were also present. Beta Group, a diversified transnational conglomerate with interests in commodity trading and food products, has announced…

Sales of ultra-luxury homes rose 11 per cent to 692 units in January-June period this year, from 622 units in the year-ago period | Photo Credit: Rasi Bhadramani Sales of ultra-luxury homes, each costing ₹10 crore and above, in Mumbai rose 20 per cent in January-June this year to a record ₹14,751 crore on strong…

Yancharla Rathnakara Nagaraja, Managing Director, Ramky Infrastructure Ltd. Ramky Infrastructure has reached a milestone in its corporate journey by successfully executing a Restructuring Exit Agreement (REA) with its lenders and repaying ₹3,859 crore debt comprising both term loans and working capital facilities. Its working capital facilities are now classified as regular and standard by the lenders. Since the incorporation…

Nirupa Shankar, Joint Managing Director, Brigade Group | Photo Credit: BIJOY GHOSH Brigade Hotel Ventures (BHVL) plans to add five hotels to its portfolio, Managing Director Nirupa Shankar told businessline. “We have five hotels where both land and brand are tied up. We’ve also signed three hotels with Marriott; brands are finalised, but land formalities…

Signature Global Chairman Pradeep Kumar Aggarwal | Photo Credit: Nimisha S Pradeep _11875@Chennai Realty firm Signature Global plans to launch homes worth ₹6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of…

Pradyumna Krishnakumar, Executive Director of Brigade Real estate major Brigade – known for its residential and commercial projects – told businessline that the company is exploring options to expand into industrial and logistics infrastructure and is evaluating sites close to city limits. Pradyumna Krishnakumar, Executive Director of Brigade said that the company has acquired a…

Mumbai-based Keystone Realtors sells properties under the ‘Rustomjee’ brand | Photo Credit: anilakkus Keystone Realtors Ltd on Monday said it has sold a record ₹1,068 crore worth of properties in the first quarter of this fiscal, an annual increase of 75 per cent, on high demand. Mumbai-based Keystone Realtors sells properties under the ‘Rustomjee’ brand….

Construction and infrastructure company Vishnusurya Projects and Infra Ltd, which specialises in engineering, procurement and construction (EPC), has secured a ₹103.07 crore order from JWIL Infra Ltd, a water management company providing end-to-end solutions. The contract from JWIL Infra is for laying, testing and commissioning of pipelines along with necessary civil construction for the proposed…

Candle stick graph chart of stock market investment trading, Stock exchange concept design and background. Vector illustrations. | Photo Credit: EMOJOEZ The shares of Kalpataru Limited were trading at ₹423.80, down by ₹2.70 or 0.63 per cent on the NSE today at 10.07 am. Mumbai-based real estate developer Kalpataru Limited reported a 79 per cent…

The PE firm also sees opportunities in logistics and digital infra segments. India is a compelling strategic allocation within emerging markets according to private equity firm KKR, which in its mid-year global review has painted a flattering picture of the country for its stability and diversification benefits. “While we anticipate a modest depreciation of the…

DLF, which is credited with having transformed Gurgaon, is aiming to bring in its signature luxury and amenities, that are still rare in Mumbai.  | Photo Credit: AMIT DAVE Gurgaon-based DLF Ltd is playing it safe in its re-entry into Mumbai, with homes priced in the range of ₹4.5 to 8 crore but heavily loaded…

India’s largest realty firm DLF Ltd has re-entered the Mumbai market and will invest around ₹900 crore to develop a luxury housing project at Andheri (West), a senior company official said. In July 2023, DLF had announced its re-entry in the Mumbai market with plans to develop a luxury housing project in Mumbai in partnership…

The tightening vacancy rates in these micro-markets reflect a return of corporate demand and growing acceptance of hybrid office formats Despite the slowdown in consumption trends, the office space segment remains a major attraction for real estate developers. The growth of retail consumption has slowed down due to a shift in consumption trends toward travel…

Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of ₹800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project ‘VANAHA Verdant’, comprising about 600 apartments. “Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet…

India’s supply of houses costing less than ₹50 lakh ($58,553) fell to their lowest since 2018, a Knight Frank report found, signaling that the trend of developers pivoting away from this segment continues. The affordable segment saw supply of new housing units plunge to 30,806 in the six months through June, the real estate consultant…

Ramky Infrastructure has successfully executed a Restructuring Exit Agreement (REA) with its lenders.  The company had earlier entered into a Restructuring Agreement (RA) on June 12, 2015, to reorganise a total debt of ₹3,859 crore, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019. Subsequently, on…

 The company has a presence in 13 cities.  | Photo Credit: HYWARDS Realty firm Sobha Ltd has reported an 11 per cent increase in sales bookings to a record ₹2,078.8 crore in the first quarter of this fiscal year as housing demand continues to be strong. Its sales bookings or pre-sales stood at ₹1,873.7 crore…

Housing sales in Mumbai Metropolitan Region (MMR) and Pune together fell 30 per cent to 41,901 units during April-June period of this year as surge in prices dampened consumer demand, according to PropTiger. The combined housing sales in MMR and Pune, the two important property markets in Maharashtra, stood at 60,191 units in the year-ago…

Ravindra Pai, Managing Director, Century Real Estate  Century Real Estate plans to scale up its commercial portfolio from the current 30 per cent to 50 per cent over the next five years. The expansion includes the phased development of around 7 million sq ft of marquee Grade-A office projects. Managing Director Ravindra Pai told businessline…

(representative image) The upcoming township will feature a mix of residential plots and housing clusters, commercial and retail zones, hospitality spaces, school and healthcare facilities and parks, green belts, and integrated public amenities Real estate developer Omaxe Ltd is planning to expand its presence in Madhya Pradesh with the acquisition of a 450-acre land parcel…

Realty firm Lohia Worldspace will invest about ₹200 crore to develop a 10-acre housing project in Moradabad, Uttar Pradesh, marking its entry into real estate business. This will be the company’s first real estate project, comprising 175 luxury villas. Lohia Worldspace is the real estate arm of the diversified Delhi-based Lohia Global, a privately held…

Real estate company Kolte-Patil Developers Ltd’s sale bookings declined 13 per cent to ₹616 crore in the first quarter of this fiscal year on lower volumes and average price realisation. Its sale bookings or pre-sales stood at ₹711 crore in the year-ago period. In a regulatory filing on Saturday, the company informed that its sales…

The acquisition aligns with Puravankara’s broader strategy to strengthen its presence in high-potential micro-markets across Bengaluru. (Image used for representational purposes only) Real estate developer Puravankara Group has announced the joint development of a 5.5-acre land parcel in East Bengaluru, with a combined estimated gross development value (GDV) of over ₹1,000 crore. The proposed development,…

Press Release – Puravankara | Photo Credit: GRJGM Puravankara Limited has reported pre-sales of ₹1,124 crore in Q1 FY26, up by 6 per cent year-on-year (y-o-y). The average price realisation was up by 9 per cent (y-o-y), while customer collections for the quarter stood at ₹857 crore.  Commenting on the company’s performance, Ashish Puravankara, Managing…

Realty firm Mittal Builders has tied up with House of Abhinandan Lodha to develop a housing project in Mumbai Metropolitan Region with an investment of ₹2,000 crore. In a statement on Thursday, Mittal Builders said it has entered into a Joint Development Agreement (JDA) with House of Abhinandan Lodha (HoABL) to co-develop an 11-acre project…

The report also highlighted how commercial office assets continued to lead the pack in Q2 2025, accounting for around 31% of total investment volume.  Private equity investment inflows into the Indian real estate sector reached $2.4 billion (₹20,300 crore) in the first half of the calendar year 2025 (H1), which is a 38 per cent…

( from left ) Rajkumar Satchidanandam, Director, Rajparis; R Jeyakumar, Managing Director, Rajparis and R Satchidanandam, Chairman, Rajparis at a press conference to unveil the company’s new brand identity. | Photo Credit: BIJOY GHOSH Chennai-based real estate developer Rajparis aims to become a ₹500 crore company by 2030 from the present ₹100 crore, said its…

Investor appetite for yield-generating assets drove a sharp rise in trading volumes of publicly traded REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) over the last two years, a report by ICRA Analysts revealed. The total trading volumes of public InvITs jumped by 128.23 per cent, while public REITs witnessed a staggering 399.54…

 The value is based on the rates prevailing in the markets and not the actual price considerations. At least 2,900 acres of land deals, having a market value of ₹31,000 crore, were transacted in the first six months of 2025, according to Anarock. Real estate consultant Anarock clarified that the land deals include both outright…

With this, KVN’s cumulative tied-up residential development in FY 2025–26 has increased to approximately 4.4 million square feet KVN Properties LLP has partnered with Assetz Group to develop a premium residential project in North Bengaluru. The partnership plans to develop approximately 1 million square feet of development with an estimated Gross Development Value (GDV) of…

The project is aimed at enhancing container handling capacity at the port. | Photo Credit: REUTERS JSW Infrastructure has received an order from the Syama Prasad Mookerjee Port Authority for the reconstruction of Berth 8 and mechanisation of Berths 7 and 8 at Netaji Subhas Dock, Kolkata. The project comes with a 30-year concession period…

Rajat Rastogi, CEO-West and Commercial Assets, Puravankara Ltd Limited, added, “After receiving a phenomenal response for our existing project in Chembur (Purva Clermont), our expansion in this micro-market will strengthen our footprint further.” After securing the development rights for marquee locations such as Breach Candy, Pali Hill, and Lokhandwala, Bengaluru-based real estate developer Puravankara has now…

File photo: Bengaluru-based Sattva Group entered Goa market few years back. | Photo Credit: Rawf8 Realty firm Sattva Group will invest about ₹800 crore over the next two years in Goa property market as it sees huge business opportunities in this coastal city, a top company official said. Bengaluru-based Sattva Group, which is one of the…

The first half 2025 saw inflows to the tune of $3 billion in the real estate sector | Photo Credit: SIDDHANT THAKUR Despite widespread reports of a challenging market and cautious buyer sentiment, India’s real estate sector continues to attract significant institutional investment, with the first half of the calendar year witnessing inflows to the…

(representative image) | Photo Credit: THOMAS MUKOYA The supply of new affordable housing in India’s top 15 tier-2 cities witnessed a steep decline of 54 per cent in January-March quarter (Q1) of the current year. This drop indicates a shrinking focus of developers on the affordable housing segment —which have properties priced under ₹50 lakh….

Similar expansions have taken place in the past into areas like Whitefield, Electronic City, and Devanahalli, which helped create new urban nodes tied to the city’s identity Following the renaming of Ramanagara district as Bengaluru South, there is a rising demand, led by appeals to Home Minister G Parameshwara, for his home turf – Tumakuru…

The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs, listed REITs and sovereign wealth funds.  | Photo Credit: wutwhanfoto Institutional investment in Indian real estate fell 33 per cent to $1.69 billion in April-June as foreign investors were…

The joint ventures (JV) are entered into for purchase and development of projects as valuations soar across major metros Collaborate rather than compete. More real estate players are joining hands to tap the highly competitive market jointly and see it as an ideal way to enter new cities. The joint ventures (JV) are entered into…

Supreme Court’s order came on a plea filed by M3M Group challenging the Punjab and Haryana High Court’s order refusing to substitute their provisionally attached property. | Photo Credit: SUSHIL KUMAR VERMA The Supreme Court has allowed realty firm M3M Group’s plea for substitution of the provisionally attached property by the Enforcement Directorate (ED) under…

Gaurav Pandey, MD & CEO of Godrej Properties | Photo Credit: cueapi Godrej Properties Ltd has entered the Panipat real estate market with the acquisition of 43 acres of land in Sector 40, Haryana, for a plotted residential development with revenue potential exceeding ₹1,250 crore. The Mumbai-based developer announced the move on Monday, marking its…

Co-working centre operators have rented 65 lakh square feet of office space during the January-June period this year across seven major cities, up 48 per cent on an annual basis, on rising demand for managed and flexible workspaces from corporates, according to Colliers India. Co-working operators leased 44 lakh square feet in the corresponding period…

Co-working space provider UrbanVault has entered into the Gurugram office market with the start of two new centres totalling 35,000 square feet area and will invest more than ₹100 crore this fiscal on expansion. The two new centres have been launched on Golf Course Road, Sector-54, Gurugram, the Bengaluru-based UrbanVault said in a statement on…

Embassy Office Parks REIT has raised ₹1,550 crore through a combination of Non-Convertible Debentures (NCDs) and term loan facilities. The proceeds will be used to refinance certain existing debt, said the company. The fund raise comprises ₹750 crore through Embassy REIT Series XIV NCDs, priced at a coupon of 6.97 per cent, and a ₹800-crore…

Irfan Razack, CMD, Prestige Group | Photo Credit: SOMASHEKARA GRN Prestige Group, a leading real estate developer based in Bengaluru, has announced its newest residential project – Prestige Pallavaram Gardens – located on the Pallavaram–Thoraipakkam Radial Road in Chennai. With a Gross Development Value (GDV) of ₹3,350 crore, the development is set to become one…

Akash Rastogi, Chief Executive Officer & Director at Ample Parks. Ample Parks development platform, a joint venture (JV) between the UK-based Actis, a global investor in sustainable infrastructure, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, plans to develop 700 acres of land for industrial space across India in…

The four listed REITs have distributed about ₹22,818 crore ($2.7 billion) to their investors since listing.  Units of Indian real estate investment trusts (REIT) are poised to extend gains on the back of falling interest rates and a buoyant commercial property market, analysts tracking the sector said.  Nexus Select Trust, Mindspace Business Parks REIT, Embassy…

Signature Global emerged as the fifth largest listed real estate developer last fiscal in terms of sales bookings by achieving record pre-sales of ₹10,290 crore. Realty firm Signature Global will invest around ₹2,200 crore to develop a new housing project in Gurugram to expand business and achieve over 20 per cent growth in its pre-sales…

Realty firm Mahindra Lifespace Developers Ltd has bagged a housing society redevelopment project at Mulund in Mumbai, and it is expecting a revenue of about ₹1,250 crore from this upcoming property. Mahindra Lifespace Developers is the real estate and infrastructure development arm of the Mahindra Group. In a regulatory filing on Friday, the company informed…

Bengaluru-based Prestige Group has delivered 302 projects spanning 193 million square feet and has a pipeline of 130 projects across 203 million square feet. | Photo Credit: Andrii Yalanskyi Prestige Group and Arihant Foundations and Housing Ltd will jointly develop a 3.5-acre residential project in Chennai with a revenue potential of more than ₹1,600 crore….

Real estate developer DLF Ltd has secured Maharashtra RERA approval for its maiden residential project in Mumbai, with the launch expected within two weeks. The premium project in the western suburb of Andheri marks the Delhi-based company’s entry into Mumbai, a key real estate market in the country. In the first phase, the company will…

Sobha, one of the leading real estate developers in the country, has delivered around 145 million sq ft since its inception.  Real estate company Sobha Ltd will invest around ₹800 crore to develop a luxury housing project in Greater Noida as part of its plan to expand business in the Delhi-NCR property market. The Bengaluru-based…

Godrej Properties bagged multiple awards at the Bombay Chamber of Commerce and Industry flagship event Diverse, Equal & Inclusive (DEI) Forum & Awards 2025 on Wednesday evening, in Mumbai. The event awards companies for fostering a culture of diversity, equity, and inclusion within corporate India. Capgemini was a close second in bagging several awards. The…

Housing prices rose 11 per cent annually in the April-June quarter across the top seven cities, leading to a 20 per cent fall in sales, according to Anarock. Real estate consultant Anarock on Thursday released the data for India’s seven major housing markets. Housing sales are estimated to have declined 20 per cent to 96,285…

Embassy Developments Ltd has signed a joint development agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, with an estimated gross development value of ₹1,600 crore. The company announced the deal on June 23, 2025, in a regulatory filing to the stock exchanges. The shares of Embassy Developments Limited were trading at ₹120.61 up by…

Listed real estate companies focused largely in the Mumbai Metropolitan Region such as Macrotech (Lodha), Kalpataru and Rustomjee (Keystone Realtors) are exploring different financial options to cut down their debt. Macrotech (Lodha) had high leverage with gross debt of ₹18,600 crore at the time its IPO was launched, said an investment banker. In its latest…

Gaurav Pandey, MD & CEO of Godrej Properties | Photo Credit: cueapi Godrej Properties Limited achieved sales worth over ₹2,000 crore during the launch of its residential project Godrej MSR City in Bengaluru, the company announced today. The Mumbai-based real estate developer sold over 1,450 homes covering 2.2 million square feet in the first phase…

TVS Emerald, the real estate arm of TVS group has acquired a 7.18-acre land parcel in Rayasandra, Bengaluru, with a Gross Development Value (GDV) of over ₹700 crore. This is the group’s seventh land deal in Bengaluru which has delivered 5.4 million sq ft of residential developments in Chennai and has 8.9 million sq ft…

The company recently sold a 25-acre land parcel in Whitefield, Bengaluru to semiconductor equipment manufacturer Lam Research (India) Pvt Ltd, for Rs ₹1,125 crore Real Estate developer, Embassy Developments Ltd has announced the signing of a Joint Development Agreement (JDA), for 17.6 acres of land in Whitefield, Bengaluru to build a residential community with esan…

Gaurav Pandey, MD & CEO of Godrej Properties | Photo Credit: cueapi Godrej Properties Limited achieved sales worth over ₹2,000 crore during the launch of its residential project Godrej MSR City in Bengaluru, the company announced today. The Mumbai-based real estate developer sold over 1,450 homes covering 2.2 million square feet in the first phase…

The crumbling of India’s joint family system has created a gap in how we care for our elderly, one that developers are now trying to fill through design. Senior living is no longer confined to gated, grey-hued retirement homes on the outskirts of cities. Instead, builders are reimagining communities where independent living meets intergenerational connection,…

Sharanam Infraproject and Trading, a real estate company, will incorporate a wholly owned subsidiary in the United Arab Emirates and invest about ₹35 to ₹40 crore in the next 6-9 months. The Board of Directors approved the proposal to float the new UAE subsidiary and investment of AED 15.5 million to AED 18 million, including…

Parag Munot, Managing Director of Kalpataru Ltd Mumbai is becoming younger through redevelopment, says Parag Munot, Managing Director of Kalpataru Ltd, a Mumbai-based developer raising ₹1,590 crore through an IPO, a portion of which will also be invested in redevelopment projects. “After DCR (Development Control Regulations) of Mumbai changed there has been a good growth in…

Bengaluru-based real estate developer Brigade Group has launched a new premium residential project, Brigade Morgan Heights, in Chennai. Located along the Sholinganallur-Medavakkam Road, the project spans 14.7 acres and has a gross development value of ₹2,100 crore. Bengaluru-based real estate developer Brigade on Saturday announced the launch of Brigade Morgan Heights, a residential community located…

A sessions court in Mumbai on Friday denied anticipatory bail to four directors of Ecstasy Realty Private Limited in a ₹600-crore financial fraud case. Additional sessions judge NG Shukla rejected the pre-arrest bail pleas of Pulin Bole, Shivani Verma, Shobit Rajan and Pranav Bajaj. The reasoned order was not made available as yet. The Economic…

DLF’s Mumbai push closely follows a record sale of luxury residences worth about $1.3 billion near capital New Delhi this week. | Photo Credit: Rasi Bhadramani DLF Ltd. plans to start bookings in a premium residential project in Mumbai next month, marking the return of India’s top developer to the financial capital after thirteen years…

GHR Lakshmi Urbanblocks Infra LLP is taking up the project on the 7.34-acre land parcel that it acquired in a government auction for ₹550 crore. GHR Lakshmi Urbanblocks Infra LLP, a joint venture formed by the promoters of GHR Infra, Lakshmi Infra and Urbanblocks Realty, have launched a 63-storey, 217-metre high luxury residential project. Located…

Knowledge Realty Trust is planning an initial public offering of about ₹4,800 crore ($558 million) in July, according to people familiar with the matter, in what could be one of the largest real estate investment trust listings in India. The REIT — backed by Blackstone Inc. and Sattva Developers Pvt. — raised ₹1,400 crore in…

DLF Limited announced the complete sellout of its luxury residential project DLF Privana North within one week of launch, generating approximately ₹11,000 crore in sales. The achievement marks a historic milestone for India’s largest listed real estate company. The shares of DLF Limited were trading at ₹857.20 up by ₹5.75 or 0.68 per cent on…

One out of every four or five DLF unit sold is to an NRI, with businessmen and families outside the Delhi-NCR region like Jaipur, Kolkata, Agra, etc being amongst the buyers for some of the key projects of the real estate major, Aakash Ohri, Joint MD, DLF Ltd told businessline. Percentage of NRI sales have…

Hyderabad’s construction landscape has seen an immense advancement in the past few years and technological growth has accommodated these changes, resulting in a shift in the methods of construction adopted by engineers, according to Association of Consulting Civil Engineers (India) Hyderabad. The Hyderabad Centre is organising a 2-day national conference on Next Gen Highrise Buildings,…

The land parcel is located near The Westin Hotel on Velachery Main road in Chennai | Photo Credit: Getty Images Rane (Madras) has set in motion plans to sell land owned by the company in Velachery, of 3.48 acres, to Canopy Living LLP – a joint venture between Arihant Foundations & Housing and Prestige Estates…

Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of ₹1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. “The proposed development is…

The cumulative recovery rate of security receipts (SRs) issued by asset reconstruction companies (ARCs) towards stressed real estate projects will increase by 16 percentage points to 36-38 per cent this fiscal from estimated 20-22 per cent in FY25, according to Crisil Ratings. The rating agency opined that this improvement will ride on robust sales of…

Under the current PMAY guidelines, homes up to 30 and 60 sq meters in area and priced within ₹45 lakh qualify for the concessional 1% GST rate.  Kerala-based builders have sought the Prime Minister’s intervention for a revision of the affordable housing price cap under the Pradhan Mantri Awas Yojana (PMAY) scheme. In a representation,…

A worker installs power lines inside a luxury residential project by Indian property developer DLF in Gurugram, India (file photo) | Photo Credit: AMIT DAVE Realty major DLF Ltd will invest around ₹5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal on high demand….

Foraying into the real estate space on its own, Peerless General Finance and Investment Company on Friday announced the launch of its ₹500-crore mixed-use real estate project in Kolkata. The residential-retail-official project, Trayam, is being built on 2.67 acres of land at Kolkata’s New Town. According to Peerless General Finance and Investment Company (PGFI),…

ASBL’s residential project will be handed over by December 2029. ASBL will launch Broadway, a premium residential gated community with 50 floors on June 14. The project will have 885 3 BHK flats ranging from 2,035 to 2,650 sq. ft., and will be handed over by December 2029. The five-acre project will come up in…

The duration of these contracts will range 1.5 years to 3 years depending on the specific project requirements.  | Photo Credit: KARUNAKARAN M The Buildings & Factories (B&F) vertical of Larsen & Toubro (L&T) Construction, proposes to enter into contracts to construct hospital buildings across various locations in India for the Chennai-based Apollo Hospitals Enterprise…

Prestige Estates Projects Ltd, which ranks among India’s top five real estate developers by market value, is looking to sell more entertainment and dining spaces in malls while cutting back on apparel retailers, a top official said. “Shopping can be done from anywhere once you know the brand, entertainment cannot be bought online,“ Muhammed Ali,…

The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates. The International Finance Corporation will be investing $50 million (around ₹420 crore) in two projects of Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd  , the projects having a total saleable area of over 9 million square feet, the company…

Experts feel that the Bill’s alignment with anti-benami efforts is intriguing but incomplete, reflecting a half-hearted stab at tackling illicit property holdings As the government prepares to introduce the Land Registration Bill in the forthcoming Monsoon Session of Parliament, experts have mixed opinion over the effectiveness of the Bill. The Rural Development Ministry has put…

The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates. The International Finance Corporation will be investing $50 million (around ₹420 crore) in two projects of Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd  , the projects having a total saleable area of over 9 million square feet, the company…

Revenue during the quarter was at ₹4,163 crore in FY25. | Photo Credit: Sowmya K Realty major Sobha has recorded a growth in its profit-after-tax (PAT) by 93 per cent year-on-year for the fourth quarter of FY25 at ₹49 crore to ₹95 crore in FY25. Revenue during the quarter was at  ₹4,163 crore in FY25. Collections…

Realty firm Prestige Estates Projects Ltd has partnered with Valor Group to develop an office complex worth ₹4,500 crore in Mumbai. In a regulatory filing on Thursday, Prestige Estates said that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring…

Saifco Cements acquisition makes the JK Organisation group firm the first major cement manufacturer to set up manufacturing operations in Srinagar | Photo Credit: iStockphoto JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for ₹150 crore, formalising a joint venture with the company. This…

(L-R) – Siva Kumar P Global Business Head and Bala Ramajeyam, Founder and Managing Director of G Square Group during the announcement of G Square Seven Hills city. G Square Group, the Chennai-based real estate developer, has acquired 714- acre project from Rakindo for about ₹1,000 crore in Coimbatore, and announces the launch of G Square Seven…

During FY25, the annual sales bookings of Arvind Smartspaces reached ₹1,271 crore, recording a 15 per cent growth. Compared to Ahmedabad and Mumbai, Arvind Smartspaces — the real-estate arm of textile manufacturer Arvind Ltd — is planning to focus more on Bengaluru where it plans to invest 50 per cent of the proposed ₹1,000 crore capital…

“Banglar Bari” is a scheme to provide concrete housing for Bengal’s economically weaker and vulnerable families. Indian Green Building Council on Friday said it is looking to tie up with the West Bengal government for promoting green buildings under the “Banglar Bari” housing scheme in the state. “Banglar Bari” is a scheme to provide concrete…

CREDAI President Shekhar G Patel  Realtors’ apex body CREDAI described the RBI’s decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties. Hailing the decision, CREDAI President Shekhar G Patel said the RBI’s decision will improve consumers’ sentiment, immensely benefitting mid-income and…

Indian real estate and construction conglomerate Shapoorji Pallonji Group has completed a $3.4 billion financing in the country’s biggest ever private credit deal, according to people familiar with the matter. About a dozen large investors — some using multiple funds — bought zero-coupon rupee bonds that offer a yield of 19.75 per cent, the people…

Hindi film actor Jeetendra, through two firms owned by him and family members, has sold parcels of land in Andheri, Mumbai to NTT Global Data Centers & Cloud Infrastructure India for ₹855 crore, according to property registration documents shared by Square Yards. The property sold consists of two contiguous land parcels with a total area…

Kanakia Group has formed a joint venture with US-based Hines and Japanese conglomerates Mitsubishi Estate Co. and Sumitomo Corporation to develop a 1.5 million square feet premium office project in Mumbai’s Bandra Kurla Complex. The trophy office development will be built on a 3-acre land parcel and designed by American architecture firm Kohn Pedersen Fox….

The company’s revenue for the quarter stood at ₹1,183 crore, up from ₹402 crore in the same period last year. Real estate major Embassy Developments Ltd reported a consolidated net profit of ₹123 crore for the fourth quarter of FY25, marking a two-fold year-on-year (y-o-y) improvement from the loss of ₹90 crore in Q4FY24. The…

EFC’s total income increased to ₹674.26 crore in FY25 from ₹428.77 crore in FY24 Coworking space provider EFC (I) Ltd has posted a 10 per cent rise in its consolidated net profit to ₹30.81 crore for the quarter ended March. Its net profit stood at ₹27.94 crore in the year-ago period. The total income more…

CM Devendra Fadnavis handed over allotment letters to global investors Kojun Nishima, President of Sumitomo Realty & Development, and Yagi Koji san, Consul-General of Japan, a key milestone in attracting strategic investment and creating 15,000 high-tech jobs. In a major push to attract international investment, Chief Minister Devendra Fadnavis formally handed over allocation letters for…

Mahesh Katragadda, CEO of Meenakshi Alternates Meenakshi Group, a Hyderabad-based realty and clean energy group, has launched its new financial services arm, Meenakshi Alternates (M-Alts) and its debut fund – Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF will adopt a hybrid investment strategy…

Realty firm Godrej Properties Ltd has acquired a 14-acre land in Pune to develop a housing project with a revenue potential of Rs 4,200 crore as part of its expansion plan. In a regulatory filing on Monday, Godrej Properties said it will develop the 14-acre land parcel in Kharadi – Wagholi, Pune. The development on…

Lucknow with 25% increase in number of units sold in Q1 2025 at 1,301 units registered the highest growth amongst top 15 tier 2 cities Housing sales in India’s top 15 tier 2 cities fell by 8 per cent to 43,781 units in Q1 2025 as compared to 47,378 units in the same period last…

Prestige Estates Projects Ltd will launch multiple housing projects across major cities this fiscal year | Photo Credit: ROMOLOTAVANI Realty firm Prestige Estates Projects Ltd will launch multiple housing projects across major cities this fiscal year with an estimated revenue of more than ₹42,000 crore, as it looks to expand business to capitalise on strong…

Arihant Foundations & Housing’s Q4 revenue was up by 60% to ₹74 crore Arihant Foundations & Housing Limited, the Chennai-based real estate player, reported a consolidated net profit of ₹11 crore for the fourth quarter ended March 31, 2025, as against ₹0.9 crore for the same period last year. Revenue was up by 60 per…

The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund. The three BOT (build-operate-transfer) assets — IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway — have an enterprise value of ₹8,450 crore, IRB Infrastructure and Developers said in an…

File picture: Ashish Puravankara, Managing Director, Puravankara Ltd | Photo Credit: Kesavan A N 1612@Chennai Bengaluru-based real estate major Puravankara Ltd recorded a consolidated net loss of ₹85.82 crore for the fourth quarter of FY25, a 13 times year-on-year (y-o-y) increase in loss, compared to ₹6.59 crores in Q4FY24 . The company’s revenue from operations…

Standard Chartered building on Haddows Road, Chennai. | Photo Credit: BIJOY GHOSH/businessline Chennai-based real estate developer Baashyaam Group is set to acquire the 5.78-acre Standard Chartered property on Haddows Road in Chennai for over ₹1,100 crore, according to multiple sources. Sources in the know said that Baashyaam Group has closed the deal, beating Arihant Foundations,…

Suraj Estate Developers reported a 48.5 per cent increase in profit after tax to ₹100.2 crore for the fiscal year ended March 2025, compared to ₹67.5 crore in the previous year. Total income grew 33.1 per cent to ₹553.2 crore from ₹415.7 crore in FY24. The Mumbai-based real estate developer’s profit margin improved to 18.3…

Panattoni, the US-based industrial real estate developers has announced its expansion plan for Panattoni Park, Hosur I, a 25-acre development in Tamil Nadu, thus marking its expansion across Southern India. The project cost will be ₹210 crore. This is Panattoni’s second project in India with first being at Park NH71 in Delhi NCR announced in…

Bengaluru-based Shriram Properties has recorded a growth in its net profit, up 137 per cent year on year at ₹47.7 crore for the fourth quarter of FY25, up from ₹20.1 crore in the corresponding quarter last year. Total revenues grew 19 per cent to ₹427.5 crore during this period. Commenting on the performance, Murali M, CMD…

The Enforcement Directorate on Friday carried out searches at multiple locations in the national capital region of Delhi and Mumbai to probe money laundering charges against Jaypee Infratech, Jaypee Associates and other linked entities in a ₹12,000-crore investment fraud. The searches are being conducted under the Prevention of Money Laundering Act at 15 premises in…

The Enforcement Directorate has said it seized cash of ₹1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other entities in an alleged homebuyers’ fraud case linked to a money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida,…

The Enforcement Directorate on Friday carried out searches at multiple locations in the national capital region of Delhi and Mumbai to probe money laundering charges against Jaypee Infratech, Jaypee Associates and other linked entities in a ₹12,000-crore investment fraud. The searches are being conducted under the Prevention of Money Laundering Act at 15 premises in…

South Indian cities of Bengaluru, Chennai and Hyderabad accounted for 64 per cent of the total Global Capability Centre(GCC) office space leasing in the first quarter of 2025, according to a report by real estate consultancy firm Anarock. In total, GCCs leased about 8.35 million sq ft in the quarter- a 72 per cent yearly…

Embassy Office Parks REIT has raised ₹2,000 crore of coupon-bearing debt with an interest rate of around 7.21 per cent per year for a three-year tenor. The proceeds will be used to refinance certain existing debt and will save around 77 basis points (bps) compared to the current rate. The non-convertible debentures (NCDs) were issued…

Manan Shah, Managing Director, Man Infraconstruction Ltd Man Infraconstruction Limited (MICL)reported a threefold jump in sales to ₹2,251 crore for FY25 compared to ₹744 crore in the previous year, significantly exceeding its guidance of 30 per cent growth. The company’s shares closed at ₹167.51, up by ₹3.88 (2.37 per cent) on the NSE on Tuesday….

WS Habib, President, CREDAI Tamil Nadu and S Srikumar, Secretary, at a press conference in Chennai on Wednesday | Photo Credit: BIJOY GHOSH The timely implementation of master plans for all 135 major cities and towns across Tamil Nadu can offer a boost to the State’s ambitions to get to a $1-trillion economy by 2030,…

Demonstrating the strength of the property market, a significant $10.3 billion in private capital is poised to flow into Dubai’s residential real estate sector, according to a report by global property consultancy Knight Frank. The report, based on insights from 387 high-net-worth individuals (HNWIs) across India, Saudi Arabia, the UK, and East Asia, signals a…

To deal with the rising traffic congestion and vehicle parking concerns in Maharashtra, the transport department is working on implementing an integrated parking policy, under which, car buyers will have to produce proof of a parking space while purchasing a vehicle. The state transport minister Pratap Sarnaik, held a meeting with the Mumbai Metropolitan Region…

DLF ended FY25 with a net cash surplus of ₹5,302 crore and improved its net cash position to ₹6,848 crore.  | Photo Credit: The country’s largest realtor, DLF, reported a net profit of ₹1,268 crore, up 37 per cent y-o-y, for the quarter ending March 31, 2025. Revenue (consolidated) for the period stood at ₹3,348…

Representative image | Photo Credit: Kesavan A N 1612@Chennai Real estate consultant Anarock Group revenue grew 33 per cent last fiscal to ₹755 crore on better demand for residential and commercial properties, it’s Chairman Anuj Puri said. Mumbai-based Anarock had posted a revenue of ₹566 crore in the 2023-24 financial year. In an interview with…

Keystone Realtors aims to sell ₹4,000 crore worth of properties this fiscal, targeting 32% growth, focusing on strong demand. | Photo Credit: iStockphoto Realty firm Keystone Realtors Ltd targets to sell housing properties worth ₹4,000 crore this fiscal, eying a 32 per cent annual growth, as demand continues to be strong especially for good brands,…