CBDT pitching Kolkata model to assess capital gains on joint development agreements
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…
BlackRock inks ₹410-cr lease with Indiqube for 1.43 lakh sq. ft. office in Bengaluru
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…
CREDAI pitches for land reforms, ease of doing biz, skilling to transform Indian real estate
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…
India’s logistics & industrial leasing hits 30.7 MSF in H1 2025
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…
India emerges as Asia-Pacific’s office powerhouse, with Bengaluru leading the surge
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…
Hettich opens revamped experience centre in Hyderabad, strengthens South India presence
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…
Average yield of Indian REITs at 6-7.5%, higher than US, Singapore, Japan: Report
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…
Feel good factor from GST rate cut, housing demand to rise during festivals: CREDAI
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…
Indian REITs deliver 6-7% yields, surpassing global benchmarks: Report
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%). …
India’s real estate sector projected to cross 2 bn sq. ft. in office and industrial assets by 2047 : Colliers-CREDAI report
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…
Maharashtra partners with Lodha to set up ₹30,000-cr green data centre park
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…
From ‘Dead Economy’ to living towers: Trump rises in Pune
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…
Knight Frank flags risks in Mumbai’s redevelopment boom amid market plateau
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…
Co-living start-up TRULiV looks to double revenue in FY26 with expansion in metro markets
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…
GST rate cut breathes fresh life into real-estate sector: NAREDCO
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…
Shriram Properties aims ₹500 cr revenue from 6.5-acre JV project in Bengaluru
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…
Real estate sector tepid toward GST rate cuts on inputs
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…
Rent-buy gap widens as EMIs outpace rentals in Indian metros
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,…
Puravankara expands Mumbai redevelopment portfolio with ₹2,700-cr Malabar Hill project
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,…
Festive cheer lifts housing demand, luxury and mid-segment lead the charge
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….
Signature Global buys 33.47 acre land parcels in Gurugram’s Sohna for ₹450 cr
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…
Sanjeevini Group targets ₹1,200 cr revenue from new luxury housing project in Bengaluru
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”,…
NAREDCO seeks stamp duty cut on affordable homes as housing deficit widens
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…
Real Estate Investment Trust on the road of recovery
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…
India’s office market demand hits 34.5 mn sq. ft. in H1 2025, vacancies fall despite fresh supply
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,…
Property prices rise in 45 of 50 cities in Q1 of FY26: NHB report
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…
India senior living market to hit ₹26,000-cr by 2030; sector poised for USD 50-bn growth
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:…
Ashiana Housing to develop ₹1,200-cr senior living project in Chennai’s Mahindra World City
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…
Kerala amends Land Assignment Act; decades-old land disputes in high ranges resolved
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…
Coromandel Engineering eyes growth via tech, green buildings; flags cost and manpower risks
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…
Brigade inks 7-acre lease on OMR, to develop 1 million sq ft office and 5-star hotel
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…
Realty firm Casagrand organises Goa trip for 800 employees
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…
Bengaluru’s mid-segment housing struggles as costs climb, supply shrinks
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…
More small and mid-sized GCCs prefer co-working spaces for flexibility and asset-light model
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…
Omaxe Ltd posts ₹186 cr net loss in June quarter
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…
Godrej Properties net debt rises 42% to ₹4,637 cr in Q1, debt-equity ratio at 0.26
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…
Global Capacity Centres to drive 35-40% of India’s office space absorption in 2025: CBRE
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…
CREDAI-MCHI appoints Sukhraj Nahar as new president
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…
Puravankara deepens redevelopment play with ₹2,100 cr win, bags 8 Chembur societies
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…
Despite slowdown in consumption, office spaces continued to be major attraction for developers
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…
Lemon Tree Hotels’ arm wins DDA e-auction for Nehru Place land parcel
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…
DEC Infra bags ₹2,000-cr Central govt housing contract
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…
Asset Homes retains highest CRISIL rating for fifth consecutive year
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…
Brigade Group Q1 results: PAT jumps 95% on strong residential sales
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…
Keystone Realtors adds 3 land parcels in Q1 across Mumbai to build homes worth ₹7,700 cr
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…
CapitaLand Investment plans ₹19,200 crore Maharashtra expansion by 2030
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…
Sales of affordable homes may be hit with likely impact of US tariff on MSMEs employees: Anarock
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…
Capacit’e Infraprojects reports 4% revenue growth, profitability hit by labour and monsoon
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…
Shapoorji Pallonji aims ₹800-cr revenue from new housing project in Pune
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…
Godrej Properties balance sheet strong, to pursue good land-buying opportunities: Chairperson Pirojsha Godrej
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…
Brigade Enterprises aims ₹225 cr revenue from new housing project in Bengaluru
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….
Prestige Group acquires 102 acres of land in Q1 to build homes worth ₹20k cr
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…
Kalpataru Limited reports 79% jump in Q4 pre-sales, turns profitable
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…
DRA Group and Balajadia Family office of Philippines sign $100m deal for commercial development in India
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…
Senior living spaces thrive in southern India
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…
Chennai office stock at 92 mn sq ft, as India crosses 1 billion sq ft mark, says report
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…
ED arrests Ramprastha Promoters Director and majority shareholders in ₹1100-cr fraud case
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,…
Mindspace REIT buys 8.1 lakh sq ft office complex in Hyderabad for ₹512 cr
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…
Ashiana Housing targets outlay of ₹425 crore targeting senior living projects
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…
G Square introduces customisable plot model for customers
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…
DLF sells ₹2,300 cr worth of Mumbai luxury flats in record time; hits 50% FY26 target
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. |…
Real estate body urges govt to cap GST on building materials at 18%
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…
Godrej Properties on track to meet or exceed ₹32,500 cr pre-sales target for FY26: Pirojsha Godrej
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…
India’s urban villages redefine city living with self-sustained townships
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…
GCC demand drives Brookfield India REIT’s Q2 NOI growth
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…
Residential launches dip by 5% in H1 CY25 amid market caution, rising costs: CREDAI
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…
Embassy REIT raises ₹2,000 cr via 10-year NCDs; oversubscribed 1.4x
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…
Godrej Properties posts record Q1 net profit despite sales decline
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…
Office space leasing in Delhi-NCR more than double in Apr-Jun to 2.62 mn sq ft: Vestian
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…
Housing sales volume down 5% in H1 across top 8 cities, up 9% in value: CREDAI
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…
Bombay HC affirms capital gains exemption for multiple residential properties in pre-2015 cases
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…
Brigade Enterprises aims ₹1,000 cr revenue from new project in Bengaluru
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….
Realtors, financial institutions bullish on growth in Indian real estate for July-December period: Report
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…
Brigade Enterprises signs JDAs for 2 projects in Hyderabad with over ₹970cr revenue potential
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…
Omaxe secures ₹500 crore from Oaktree Capital to fast-track Dwarka and Amritsar projects
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…
Knowledge Realty Trust’s ₹4800-cr REIT issue to open on Aug 5
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…
Lodha Developers to launch ₹17,000 cr worth housing projects by March next year
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 (…
DEC Infra bags New Delhi’s North Block conservation, retrofitting contract
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…
Lodha Developers Q1 net profit jumps 42% to ₹675 cr
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…
M3M India launches three new projects in Noida
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…
DLF’s Mumbai debut sells out ₹2,300 crore in under a week
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…
Sobha posts sales of ₹2,079 crore in Q1, PAT up at Rs 13 crore
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,…
Mindspace REIT acquires Mack Soft Tech 6-acre Q-City for ₹512 cr
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…
Casagrand forays in to UAE with first project in Dubai
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…
Lodha Developers raises ₹350 cr via issue of debentures
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…
IndoSpace launches $120 Mn, 188-ccre industrial park in Pune
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…
Beta Group enters real estate with Anta Builders stake
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…
Sales of ultra-luxury homes in Mumbai up 20% in Jan-Jun to record ₹14,751 cr: Report
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…
Brigade Hotel Ventures to add five new hotels; ₹760-cr IPO opens July 24
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…
We are stepping up focus on plug & play industrial parks, urban solutions: YR Nagaraja, Managing Director, Ramky Infrastructure
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…
Signature Global to launch homes worth ₹6k cr in Gurugram in Jul-Sep: Chairman
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…
Brigade explores industrial push amid tech-driven real estate demand
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…
DLF to invest ₹900 cr to build first housing project in Mumbai, aims ₹2,300 cr revenue
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…
Vishnusurya Projects secures ₹103.07-cr order from JWIL Infra
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…
KKR sees India as ‘compelling’, eyes real estate opportunities in the country
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…
DLF re-enters Mumbai with luxury homes priced ₹4.5 to 8 crore
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…
Affordable homes in India dwindle to 7-Year low, report shows
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…
Ramky Infrastructure successfully executes Restructuring Exit Agreement
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…
Sobha Q1 pre-sales up 11% to ₹2079 cr on better demand for its homes
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 sales in MMR, Pune dip 30% to nearly 42K units in Jun qtr amid price surge: PropTiger
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…
Century Real Estate to double commercial portfolio to 50% in 5 years
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…
Omaxe eyes ₹1,200 crore investment in Indore real estate project
(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…
Lohia Worldspace to invest ₹200 cr in 1st housing project at Moradabad
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…
Kolte-Patil Developers Q1 pre-sales dip 13% to ₹616 cr on lower volumes
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…
Puravankara pre-sales grows 6% to ₹1,124 crore in Q1, price realisation up 9%
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…
Puravankara expands in East Bengaluru with JDA for 5.5 acre land worth ₹1000 cr
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,…
Mittal Builders, HoABL to invest ₹2,000 cr on 11-acre project in Mumbai region
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…
Private equity investments in Indian real estate jump 38% to $2.4 bn in H1 2025
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…
Chennai real estate developer Rajparis targets revenue of ₹500 crore by 2030
( 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…
Investor confidence in yield assets drive surge in REITs & InvITs: ICRA Analytics
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…
Land deals accelerate in Jan-Jun, transactions seen for 2,900 acres worth ₹31,000 cr: Anarock
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,…
KVN ties up with Assetz Group in ₹1,000 crore project in North Bengaluru
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…
JSW Infra gets contract to reconstruct berths at Kolkata port
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…
Keystone Realtors Q1 sales bookings up 75% to ₹1,068 cr on strong housing demand
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…
Sattva Group to invest ₹800 cr in Goa market expansion
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…
Real estate sector defies gloom: Domestic capital drives growth despite FII pullback
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…
DLF to invest ₹5,500 crore to build new luxury housing project in Gurugram
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…
Institutional investment in real estate dips 33% in Apr-Jun due to lower foreign fund inflow: Colliers
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 competitors ally to jointly develop projects
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…
Supreme Court permits M3M Group to replace provisionally attached property
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…
Godrej Properties acquires 43 acres in Panipat for ₹1,250 crore township
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…
Office leasing by co-working operators in Jan-Jun up 48% to 65 lakh sq ft in top 7 cities: Colliers
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,…
UrbanVault starts two co-working centres in Gurugram; to invest ₹100 cr in FY26 to expand biz
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…
Embassy REIT secures ₹1,550 cr in debt funding, issues NCDs at 6.97%
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…
Prestige Group unveils ₹3,350 cr residential project in Chennai
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…
Ample Parks to develop 700 acres of industrial parks across India in 5–7 years
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…
Indian REITs may stretch gains on RBI’s rate cuts, strong leasing
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…
Signature Global to invest ₹2,200 cr on new housing project in Gurugram
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…
Mahindra Lifespace aims ₹1,250 cr revenue from housing society redevelopment project in Mumbai
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…
Prestige Group forms JV with Chennai-based realtor to develop ₹1,600 cr project
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…
DLF gets RERA nod for first Mumbai project, launch in two weeks
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,…
Sobha to invest ₹800 cr on new luxury housing project in Greater Noida
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…
Rane (Madras) to sell part of its Velachery land to Arihant-Prestige JV
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…
India’s top 7 housing mkts see 11% rise in prices, 20% fall in sales during Apr-Jun: Anarock
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…
Mumbai-focused real estate companies trim debt after listing
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…
Godrej Properties bags multiple awards at Bombay Chamber’s DEI event
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,…
Godrej Properties records ₹2,000 cr sales in Bengaluru project launch
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…
TVS Emerald acquires ₹700 crore land in Bengaluru’s Rayasandra
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…
Embassy Developments announces JDA to develop residential community in Bengaluru with GDV of ₹1,600 cr
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),…
Embassy Developments signs JV for ₹1,600 cr Whitefield project deal
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…
Developers rethink ageing with intergenerational community design
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…
DLF’s Mumbai comeback residential project to roll out in July
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…
Brigade launches ₹2,100 cr residential project in Chennai
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…
Kalpataru to raise ₹1,590 cr via IPO, boosts focus on Mumbai redevelopment
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…
₹600-cr financial fraud case: Pre-arrest bail pleas of four directors of Ecstasy Realty rejected
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…
Sharanam Infraproject to set up UAE subsidiary with ₹40 crore investment
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…
GHR Infra, Lakshmi Infra and Urbanblocks Realty form JV for 63-storey residential project
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,…
Blackstone-backed knowledge realty trust plans $558 million IPO
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…
DLF’s NRI sales soar, driven by geopolitics and shifting investments
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…
DLF sells out ₹11,000 cr luxury residential project in one week
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…
Hyderabad to host national conference on Next Gen Highrise Buildings
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)…
After Ramanagara’s renaming, Tumakuru seeks Bengaluru North tag as land prices surge 15%
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…
Cumulative recovery rate of security receipts issued by ARCs will increase to 36-38% in FY26: Crisil
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…
Godrej Properties acquires 14-acre land in Bengaluru for ₹1,500-crore housing project
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…
Kerala builders seek to revise affordable housing price cap under PMAY scheme
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 supply drops 54% in Tier 2 cities in Q1 2025
(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…
Peerless General Finance and Investment Company launches ₹500-crore mixed-use real estate project in Kolkata
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…
ASBL to launch 50-floor residential project in Hyderabad’s Financial District
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.,…
Prestige Estates bets on booming entertainment market to revamp mall blueprint
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…
Mindsprint scales India footprint with new Chennai workspace; Bengaluru office to follow
Suresh Sundararajan, CEO, Mindsprint, inaugurating new Chennai office Technology and business services provider firm Mindsprint, previously known as Olam Technology and Business Services (OTBS), has inaugurated an 87,000 sq ft facility in Chennai. The company is also slated to open…
L&T’s Buildings & Factories proposes to enter into ₹2,400 crore contract with Apollo Hospitals
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…
IFC to invest $50 million in two projects of Birla Estates
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 ,…
Proposed Land Registration Bill draws mixed response from experts on effectiveness
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…
IFC to invest $50 million in two projects of Birla Estates
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 ,…
Sobha Q4 Results: PAT doubles to ₹95 cr, turns net debt-positive in FY25
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…
Prestige Estates, Valor Group join hands to build ₹4,500-cr office complex in Mumbai
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…
JK Cement acquires 60% stake in Jammu & Kashmir-based Saifco Cements for ₹150 cr
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…
G Square acquires Rakindo’s Kovai Hills project for about ₹1,000 crore; announces mega township project in Coimbatore
(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…
Arvind Smartspaces plans ₹1,000 cr capex; 50% to be invested in Bengaluru
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…
Indian Green Building Council looks to tie up with West Bengal govt to promote green buildings
“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…
RBI rate cut to improve sales of affordable, mid-income housing properties: CREDAI
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…
Actor Jeetendra, family sell land parcels in Mumbai for ₹855 crore
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…
Shapoorji closes $3.4 billion record private credit deal
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…
Baashyaam Group bags Standard Chartered property over ₹1,100 cr
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….
IRB board gives nod to asset transfer worth ₹8,450 cr
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…
Fadnavis allocates BKC plots to global investors, secures ₹3,840 crore in revenue
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…
Housing sales in top tier 2 cities fall 8%, sales value up 6% in Q1 2025: PropEquity
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…
Meenakshi Group launches ₹700 cr real estate fund under new financial arm
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…
Godrej Properties acquires 14-acre land in Pune to build housing project worth ₹4,200 crore
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…
Prestige Group to launch housing projects worth ₹42,000 cr in FY26
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…
EFC (I) Q4 results: Net profit rises 10% to ₹31 cr; FY25 profit jumps 95% to ₹113 cr
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….
Arihant Foundations & Housing Q4 results: Net profit improves to ₹11 cr
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…
Embassy Developments PAT doubles to ₹123 crore after Indiabulls Real Estate merger
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,…
Puravankara net loss shoots up 13-fold to Rs 86 crore, revenue down 40%
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)…
Kanakia forms JV with Hines, Japanese firms for BKC office development
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…
Suraj Estate Developers posts 48% jump in profit, revenue up 33% in FY25
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…
US-based industrial real estate developer Panattoni commits €100 million in India over next few years
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…
Shriram properties posts a net profit of ₹47.7 crore for Q4FY25, up 137 per cent
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…
ED searches at Jaypee Associates in ₹12,000-cr investment fraud
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…
ED seizes ₹1.70 cr cash, documents in raids against Jaypee Infratech Ltd, others
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…
ED searches at Jaypee Associates in ₹12,000-cr investment fraud
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…
Southern cities record 64% of total GCC office space leasing in Q1FY25
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,…
Embassy REIT raises ₹2,000 crore via NCDs to refinance debt, secures AAA rating from CRISIL
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…
MICL’s sales triple to ₹2,251 cr in FY25, riding high on Mumbai’s realty boom
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…
Real estate industry body urges TN to speed up work on Master Plan and single-window approvals
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…
Dubai real estate targets $10 billion in global private capital as market reaches new highs: Knight Frank
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…
Maha to introduce integrated parking policy; car buyers will have to show proof of parking space
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…
DLF Q4 net profit rises 37% to ₹1,268 cr; FY25 profit surges 59%
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,…
Anarock’s FY25 revenue up 33% on higher property consultancy fees
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…
Keystone Realtors aims 32% growth in housing sales bookings to ₹4,000 cr in FY26: CMD
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…