Aptus Value Housing Finance grows net profit 26% y-o-y in March quarter
During FY25, the company expanded its footprint by opening 38 branches and increased its network to 300 locations. Aptus Value Housing Finance, on Tuesday, posted a 26 per cent year-on-year increase in the net profit for quarter ended March 2025 on the back of strong growth in disbursements. The net profit for the March quarter […]
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Flipspaces closes $35 Mn round in Series B led by Iron Pillar
The capital, comprising both primary and secondary investments, will be used to fuel the company’s growth across India, the U.S., and the UAE, enhance its tech-driven platform, and explore acquisitions in new markets. Commercial interior design and contracting venture Flipspaces has raised $35 million in a mix of primary and secondary capital, led by Iron […]
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Rohan Corporation ropes in Shah Rukh Khan as brand ambassador
Mangaluru-based Rohan Corporation announces Shah Rukh Khan as its official brand ambassador for Karnataka. Rohan Corporation, a real estate development company based in Mangaluru, has announced Bollywood star Shah Rukh Khan as its official brand ambassador for Karnataka. Rohan Monteiro, Founder and Chairman of Rohan Corporation, said: “Having Shah Rukh Khan represent Rohan Corporation is […]
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Realty majors beeline for a slice of India’s silver homes market
Developers target India’s growing senior population with specialised housing projects, anticipating a $12-15 billion market by 2030 | Photo Credit: Dimple Bhati With India’s silver population projected to double to 346 million by 2030, according to a JLL report, a growing number of developers are beelining to address the housing needs of senior citizens. Projects […]
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Bengaluru leads India’s housing market with over 20,000 launches in Q1 2025
On the sales front, Bengaluru logged 15,340 units sold accounting for 24 per cent of the nationwide demand | Photo Credit: K BHAGYA PRAKASH Bengaluru has emerged as the top contributor to real estate supply and demand in India, with a 25 per cent share nationwide. In Q1 2025, the city recorded its highest-ever quarterly […]
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Improved infrastructure, cut in repo rates, ready-to-occupy units aid market recovery: CREDAI
Mohamed Ali, President, CREDAI Chennai. | Photo Credit: BIJOY GHOSH The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and […]
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Macrotech Developers to launch ₹19k-cr housing projects to encash strong demand
Realty firm Macrotech Developers Ltd plans to launch housing projects worth ₹19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties. Mumbai-based Macrotech Developers, which sells properties under ‘Lodha brand’, is one of the leading real estate firms in the country. […]
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SEBI proposes ease of doing business measures for REITs, InvITs
Under the present rule, REITs and InvITs are required to get their assets valued regularly and submit these valuation reports to stock exchanges and unitholders | Photo Credit: HEMANSHI KAMANI Markets regulator SEBI on Friday proposed alignment of valuation report timelines with financial results for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). […]
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Phoenix Mills profit down 18% to ₹269 cr in Q4
Phoenix Mills Ltd, which is mainly into development of retail real estate, posted an 18 per cent decline in consolidated net profit to ₹268.82 crore during the March quarter on lower income. It had posted a net profit of ₹326.73 crore in the year-ago period. Total income also declined to ₹1,061.48 crore during the fourth […]
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Mumbai property registrations rise 9% y-o-y in April
Mumbai accounts for around half of the property market in the country, in terms of value. | Photo Credit: Explora_2005 More than 12,700 property units were registered in Mumbai in April making it the best sales in April over the last 13 years, as demand for housing continued, especially in the premium segment. State government […]
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Embassy REIT Q4 revenue rises 15% YoY on strong leasing
Embassy Office Parks REIT | Photo Credit: MURALI KUMAR K Embassy Office Parks REIT has reported a 15 per cent year-on-year (y-o-y) rise in quarterly revenue for Q4FY25, driven by 1.6 million square feet (msft) of leases in the quarter. The company announced distributions of ₹538 crore (₹5.68 per unit) for the quarter, up by […]
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CREDAI Karnataka appoints Bhaskar T Nagendrappa as new president
T Bhaskar Nagendrappa, President – CREDAI Karnataka The Confederation of Real Estate Developers’ Associations of India (CREDAI) Karnataka has announced the appointment of Bhaskar T Nagendrappa as its new President for the term 2025-27. He has taken the charge from outgoing President Pradeep D Raikar. Bhaskar has earlier served as the President of CREDAI Bengaluru (2021-2023) […]
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Macrotech Developers to invest ₹8,000 cr this fiscal on land acquisition for business expansion
Its net profit stood at ₹665.5 crore in the year-ago period | Photo Credit: SasinParaksa Realty firm Macrotech Developers Ltd plans to invest more than ₹8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru for building housing projects as part of its expansion plan. Macrotech Developers, which sells […]
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Pacific Group to develop 15 lakh sq ft mall in Jaipur
Real estate company Pacific Group will develop a 15 lakh sq ft shopping mall and a hotel in Jaipur to expand business amid rising demand for premium retail spaces, a top company official said. Pacific Group has nine shopping malls, comprising more than 30 lakh sq ft of retail spaces, in Delhi, Ghaziabad, Faridabad and […]
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AIFs pump ₹74,000 crore into real estate, highest among all sectors: Anarock
The total cumulative AIF investment across sectors stood at ₹5.06 lakh crore, with real estate accounting for 15 per cent. Alternative Investment Funds (AIFs) have cumulatively infused nearly ₹74,000 crore in the Indian real estate space till December 2024, highest among all sectors, according to property consultant Anarock. AIF means any fund established or incorporated […]
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Prestige Hospitality Ventures files DRHP with SEBI to launch ₹2,700-cr IPO
Prestige Hospitality Ventures plans to use ₹1,121 crore from its IPO proceeds to repay debt while the remaining net proceeds will be utilised to fund acquisitions and strategic initiatives Prestige Hospitality Ventures Limited, the hospitality assets wing of the Prestige Group, has filed its Draft Red Herring Prospectus (DHRP) with SEBI for a ₹2700 crore […]
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Incuspaze leases 2.50 lakh sq ft co-working space at Olympia Crest in Chennai
Incuspaze, a flexible workspace provider, has leased 2.50 lakh sq ft at Olympia Crest, in Chennai’s IT corridor at OMR Zone 1. The office space has the capacity to accommodate more than 4,000 seats to meet the needs of IT/ITeS businesses, says a release. Surrounded by landmarks like the World Trade Centre, DLF Downtown and […]
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Max Estates acquires stalled ‘Delhi One’ project in Noida; to invest ₹1,400 cr for completion
Max Estates said it has successfully completed acquisition of 100 per cent equity share capital of Boulevard Projects Pvt Ltd by way of allotment of 34,000 fresh equity shares to the company and its nominees Realty firm Max Estates Ltd on Thursday announced it has taken over the stalled ‘Delhi One’ project in Noida through […]
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Real estate company DRA reports ₹525 crore revenue in FY25
Ranjeeth Rathod, MD, DRA, at a press conference, in Chennai on Thursday ( November 28, 2024) Photo : Bijoy Ghosh To go with Raja Simhan’s report | Photo Credit: BIJOY GHOSH DRA, the Chennai-based real estate developer reported a 50 per cent increase in revenue to ₹525 crore for the fiscal ending March 31, 2025. […]
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Shriram Properties acquires 5-acre land in North Bengaluru for project with GDV of ₹250 cr
M Murali, Chairman and Managing Director, and J Gopalakrishnan, CEO, Shriram Properties | Photo Credit: BIJOY GHOSH Bengaluru-based Shriram Properties Limited has announced the acquisition of five acres of land for a project with a gross development value (GDV) of ₹200-250 crore. The company is targeting to launch the project during H2 FY26 in Yelahanka, […]
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IBI Media strengthens real estate portfolio with RoofandFloor acquisition
A walk back in time during the RoofandFloor.com Property Show-2024 at Auspacious Convention, Hyderabad on Saturday, October 19, 2024 | Photo Credit: NAGARA GOPAL IBI Media Technologies, the company behind hyperlocal platforms ChennaiProperties.in, BengaluruProperties.com, CoimbatoreProperty.com, and HyderabadProperties.in, has announced the acquisition of the RoofandFloor brand from KSL Digital Ventures Limited, one of the companies of […]
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HUDCO to slash funding costs with ₹4,000-5,000 crore bond refinancing, targets Japan and US markets: CMD Kulshrestha
HUDCO Chairman and Managing Director Sanjay Kulshrestha Housing and Urban Development Corporation (HUDCO) will look to refinance nearly ₹4,000–5,000 crore worth of high cost bank loans through lower interest bearing bonds thereby bringing down cost of funds by 10 – 20 basis points (6.6-odd per cent) this fiscal, Chairman and Managing Director, Sanjay Kulshrestha, told […]
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Brigade Group launches first plotted development project in East Bengaluru
Pavitra Shankar, Managing Director, Brigade Enterprises Bengaluru-based realty developer Brigade Group has signed a joint development agreement (JDA) worth approximately ₹175 crore for a plotted development project in Malur, East Bengaluru. This marks Brigade Group’s first plotted development project in East Bengaluru, strengthening its presence in one of the city’s expanding residential corridors. The project will […]
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Casagrand unveils Jarvis in Siruseri with 100+ amenities, starting at ₹3,999/sq ft
Chennai-based developer Casagrand has launched Casagrand Jarvis, a premium residential community in Siruseri, featuring 469 2, 3, and 4-BHK apartments across 8.5 acres. Casagrand, the Chennai-based real estate developer, has launched Casagrand Jarvis, a residential community in the fast-emerging growth corridors of Siruseri. It houses 469 2, 3, and 4-BHK apartments across an 8.5-acre expanse. […]
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Oberoi Realty FY25 sales bookings rise 31% to ₹5,266 cr
Oberoi Realty is one of the leading real estate developers in the country. It focuses on luxury housing segments. | Photo Credit: BL companies Real estate firm Oberoi Realty Ltd on Saturday reported a 31 per cent annual increase in sales bookings to ₹5,266 crore during the last financial year on strong housing demand. The […]
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Macrotech Developers cuts net debt by 7% to ₹4,000 crore in March quarter on better sales
Macrotech Developers reduces net debt by 7% in Q1 with strong sales and fund collections | Photo Credit: SasinParaksa Realty firm Macrotech Developers’ net debt fell by 7 per cent in the January-March quarter to nearly ₹4,000 crore on strong housing sales and fund collections from customers. Macrotech Developers noted that the company’s net debt […]
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Rising rents outpace salaries in Bengaluru, triggering affordability concerns
After calling Bengaluru home for more than a decade, 32 year old Alisha who works in the oil and gas sector, highlights the challenges of the city’s rental system. With a modest 5–10 per cent salary hike compared to a staggering 50–60 per cent jump in rent, Alisha saw her monthly rent climb from ₹42,000 […]
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Kolte-Patil Developers Q4 sale bookings fall 15%, FY25 sales dip 1%
Representative image | Photo Credit: Bet_Noire Realty firm Kolte-Patil Developers Ltd’s sale bookings declined 15 per cent to ₹631 crore in the fourth quarter of last fiscal on lower volumes. Its sale bookings stood at ₹743 crore in the year-ago period. Sale bookings in volume terms fell 23 per cent to 0.8 million square feet […]
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Stagnant salary, rising rents triggers crisis for Bengaluru’s young professionals
While rents in India’s Silicon Valley have surged over 25 per cent since 2020, salaries have barely kept pace, posing growing concerns about Bengaluru’s affordability | Photo Credit: SUDHAKARA JAIN Thirty-two-year-old Alisha, who works in the oil and gas sector and arrived in Bengaluru a decade ago, is reeling from rent shocks. While her salary […]
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Leasing of green office spaces rises 20% in 2024 across top 6 cities: Credai-Colliers report
Leasing of office space in green-certified buildings rose 20 per cent in 2024 to 492 lakh sq ft across six major cities as corporates are focusing more on sustainability, according to a report by Credai and Colliers. Realtors’ apex body Credai and real estate consultant Colliers India on Friday released a report ‘Sustainability in Real […]
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Puravankara reports ₹5,006 cr pre-sales in FY25; collections up 9% YoY
Ashish Puravankara, Managing Director, Puravankara Bengaluru-based realty developer Puravankara has reported an increase in customer collections by 9 per cent year-on-year to ₹3,937 crore in FY25, compared to ₹3,609 crore in FY24. Collections for Q4FY25 stood at ₹946 crore, according to its operational update. The pre-sales for Q4FY25 stood at ₹1,282 crore, bringing the total […]
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WS Habib appointed President of CREDAI Tamil Nadu
CREDAI Tamil Nadu, representing private real estate developers across the State, formally inducted its new leadership team for the 2025-2027 term, with WS Habib, CMD of RWD, assuming office as President. The other major office-bearers are V Gopinath (Vice President), S Srikumar (Secretary), V Sathasivam (Joint Secretary), and PR Jai Prakash (Treasurer), according to a […]
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Brigade to build Chennai’s tallest residential project in Perambur
Brigade Enterprises Ltd, the Bengaluru-based real estate group, is expanding its presence in Chennai with plans to build the tallest residential project yet with 49 floors in Perambur. This will beat its own ongoing project, Altius, at Sholinganallur that will have 47 floors, while SPR towers in Perambur is a 45 floor project. Brigade’s Perambur […]
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Arnya RealEstates Fund to invest ₹130 crore in Casagrand’s housing project in Bengaluru
Representative image | Photo Credit: Subajayanthi Wilson 2507@Chennai Arnya RealEstates Fund Advisors will invest ₹130 crore in realty firm Casagrand’s forthcoming residential project in South Bengaluru. This is the second investment of the company, following the first investment in October 2024 for a project in Navi Mumbai. It did not give any details about the […]
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Office leasing in Chennai hits five quarter high in March quarter: Colliers report
Chennai witnessed its highest leasing activity -the largest in the last five quarters- in Q1 2025 at 2.9 million sq ft, as per a new real estate consulting report. Of this, about 60 per cent came from the Pallavaram-Thoraipakkam (PTR) zone and Old Mahabalipuram Road (OMR) Zone 2 micro markets. Flex space leasing, at 0.3 […]
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Lodha brothers resolve trademark dispute; Macrotech retains right to ‘Lodha’ brand
Abhinandan Lodha (left) and Abhishek Lodha (Right) The Lodha brothers — Abhishek Lodha and Abhinandan Lodha — have resolved their trademark dispute, with it being agreed that Macrotech Developers will have the exclusive right to use the ‘Lodha’ brand name as well as ‘Lodha Group.’ Abhinandan Lodha will have the exclusive right to use the […]
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Top 7 Indian cities register 4-8% office leasing growth, outperform global markets: Report
Despite persistent global headwinds in rental and leasing activity, Indian cities have outpaced the major global centres, with top seven hubs witnessing a growth of 4 to 8 per cent, according to a report by real estate services firm Vestian. According to the report, rental growth in Delhi registered an uptick of 8.2 per cent, […]
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Macrotech acquires 10 land parcels in FY25 for ₹24,000-cr housing projects
Macrotech Developers is one of the leading real estate developers in the country. Real estate firm Macrotech Developers acquired 10 land parcels last fiscal to develop housing projects with a total sales value of nearly ₹24,000 crore, as it seeks to expand business amid strong demand. Listed entity Macrotech Developers, which sells properties under Lodha […]
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Hyatt Hotels to launch all inclusive resorts in India
Sunjae Sharma, Managing Director, Hyatt (India and South West Asia) Hyatt Hotels plans to introduce its all-inclusive resorts to India breaking new ground in the branded hospitality segment in the country. Typically established brands offer only bed and breakfast plans at their hotels and resorts in India. Guests can get complimentary access to pools or […]
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Top 7 Indian cities see 4-8% rise in office rent in 2024; mixed trend in 8 overseas markets: Vestian
The average office rent in New York has fallen 1.3 per cent in 2024 to $7.5 per square feet per month. | Photo Credit: PeopleImages The rent for office spaces in India’s seven major cities rose 4-8 per cent annually in 2024, while the eight big overseas markets saw a mixed trend in rental growth, […]
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ED searches TN realty group started by minister’s kin
N. Ravichandran, Founder, True Value Homes India Pvt. Ltd | Photo Credit: PERIASAMY M The Enforcement Directorate on Monday raided multiple premises in the city as part of an investigation against a real estate group promoted by the brother of State Minister K N Nehru, official sources said. The realty company — TVH Group — […]
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Real estate PE investments dip 43% amid sectoral shifts, global headwinds
Logistics and warehousing attracted 48 per cent of PE funding in FY25 — the highest share in the last five years Amid sectoral shifts and global headwinds, India’s real estate has observed a dip in private equity (PE) investments. From a peak of $6.4 billion in FY21, investment volumes declined to $3.7 billion in FY25 […]
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House of Abhinandan Lodha files police complaint post forgery allegations
Following an immediate internal review of all available records, we wish to categorically state that there has been no instance of fraud or forgery committed by us, said a spokesperson Following allegations of fraud and forgery by Macrotech Developers against House of Abhinandan Lodha (HoAL), the latter has filed a police complaint to investigate into the alleged […]
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Casagrand launches Spanish themed residential community in Chennai
Chennai-based real estate developer, Casagrand, has launched Casagrand Casamia, a 22-acre Spanish-themed residential project Pallavaram, Chennai. Inspired by the Mediterranean architecture, the project offers over 1,300 designed 2, 3, and 4 BHK apartments ranging from ₹45 Lakhs to ₹1.36 crore, says a release. The company has roped in actress Nayanthara as the face of Casagrand […]
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Chennai retail leasing sees 31% y-o-y growth, says Cushman & Wakefield report
A businessman puts a indian rupee money bag near the houses. Investments in real estate assets. Municipal budget of the city. Official. Construction industry, rental business and hotel tourism. istock photo for BL | Photo Credit: Andrii Yalanskyi Chennai’s retail real estate market continued its positive momentum in Q1 2025, recording 0.17 million sq ft […]
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Signature Global achieves record ₹10,290 crore in pre-sales for FY25
The real estate developer also reported record collections of ₹4,380 crore, up 41 per cent from the previous year. | Photo Credit: Rasi Bhadramani Signature Global (India) Limited announced its highest-ever annual pre-sales of ₹10,290 crore for fiscal year 2025, surpassing company guidance with 42 per cent year-on-year growth. The shares of Signature Global (India) […]
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Sobha posts ₹6,277 cr sales in FY25 amid global headwinds, driven by domestic demand
Q4FY25 alone contributed ₹1,836 crore, marking a 32.2% sequential and 22.1% YoY increase. | Photo Credit: Despite global headwinds, Sobha recorded a sales value of ₹6,277 crore in FY 2025, backed by stable economic fundamentals in India. The company sold a total area of 4.68 msft with an average realisation of ₹13,412 per sqft. In […]
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Brigade Group inks JDA for ₹225-cr real estate project in Mysuru
Pavitra Shankar, Managing Director of Brigade Enterprises Ltd Realty player Brigade Group has signed a joint development agreement (JDA) for a project with a gross development value (GDV) of ₹225 crore in Mysuru. The company has acquired 10 acres and 37 guntas for the project, which has a total development potential of 0.37 million sq […]
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Tribeca enters rental housing segment
Tribeca Developers has entered the rental housing segment through a partnership with Housr, a luxury serviced apartment operator. It has launched “TriliveAndheri,” a pre-leased serviced apartment project located in Marol, Andheri (Mumbai). The development will consist of 900 fully furnished studio apartments starting at 165 square feet with prices beginning at ₹65 lakh. According to […]
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Macrotech Developers (Lodha) reports ₹48 Bn Q4 sales, surpasses FY25 targets
Lodha strengthened its Digital Infrastructure portfolio by adding new locations in NCR and Chennai, while also acquiring its joint venture partner’s stake in an existing platform. | Photo Credit: BL companies Macrotech Developers Limited (Lodha) announced today its best-ever quarterly pre-sales of ₹48.1 billion for Q4FY25, representing a 14 per cent year-on-year growth. The shares […]
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Aditya Birla Real Estate divests paper unit to ITC for ₹3,500 cr
The divestment of the pulp and paper undertaking is a value unlocking exercise for ABREL and will further enable the company to pursue growth opportunities in its core real estate business Aditya Birla Real Estate (formerly Century Textiles and Industries) has sold the pulp and paper undertaking at Lalkuan in Uttarakhand to ITC for ₹3,498 […]
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Raymond Limited expands real estate portfolio with ₹5,000 crore Wadala project
Raymond Limited announced today that its wholly-owned subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement for a residential project in Wadala, Mumbai. The project has an estimated gross development value of approximately ₹5,000 crore. The shares of Raymond Limited were trading at ₹1,378.45 down by ₹24.50 or 1.75 per cent on […]
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Max Estates gets show cause notice from GST department for claiming inadmissible input tax credit
Max Estates Ltd faces show cause notice from GST department for ₹2.25 crore ITC recovery. | Photo Credit: wichayada suwanachun Real estate company Max Estates Ltd has received a show cause notice from the GST department for recovery of around ₹2.25 crore related to inadmissible input tax credit (ITC) claimed by the company. In a […]
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Godrej Properties generates over ₹2,000 crore sales at Noida luxury project launch
Godrej Properties Limited (GPL) announced today that it has sold over 275 homes worth more than ₹2,000 crores at the launch of its luxury project, Godrej Riverine, in Sector 44, Noida. The Mumbai-based real estate developer reported selling over 9 lakh square feet of area in the project, which was launched in March 2025. The […]
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G Square looks to double revenue to ₹5,000 crore this fiscal
Sivakumar Pethaiyan, National Sales Head, G Square Realtors Pvt Ltd, at a media briefing in Chennai on Tuesday | Photo Credit: BIJOY GHOSH G Square Realtors Pvt Ltd, the Chennai-based land aggregator and real estate promoters, will double its revenue to nearly ₹5,000 crore in the current financial year, said National Sales Head, Sivakumar Pethaiyan. […]
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India’s infrastructure delays cost ₹5 lakh crore, finds report
Of 1,873 ongoing Union government projects—each valued at over ₹150 crore—779 are delayed, with cost overruns soaring past ₹5.01 lakh crore as of April 2024 India’s infrastructure sector is grappling with massive delays, with 43 per cent of projects running behind schedule, leading to cost overruns exceeding ₹5 lakh crore. A key factor behind these […]
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Residential sales sustain in Q4, office leasing hits record: Report
Office absorption in the quarter also hit a record level with 28.2 million square feet being leased, a 74 per cent rise on year, the report said. Residential sales in Q4 of FY25 across the top 8 markets in the country rose a modest 2 per cent and launches by 3 per cent, according to Knight […]
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Man Indus in pact with Paradise Group for developing 6-acre land in Navi Mumbai
Nikhil Mansukhani, Managing Director of MAN Industries, said the management intends to monetise non-core assets and focus on strengthening core line pipe business. | Photo Credit: AMIT DAVE Merino Shelters, a wholly owned subsidiary of MAN Industries, has entered into partnership with Paradise Group for developing its 6-acre land parcel in Navi Mumbai over six […]
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Macrotech Developers alleges document fabrication by House of Abhinandan Lodha
Real estate developer Macrotech Developers has accused House of Abhinandan Lodha (HoAL) of fabricating board resolutions, permanent account numbers and forging signatures to mislead customers into believing they were buying properties from Macrotech, which sells residences under the ‘Lodha’ brand. Currently both the companies are involved in a trademark dispute in the courts, where Macrotech […]
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Paytm deploys 400 card machines for property tax collection in Hyderabad
Paytm (One 97 Communications Limited) has partnered with the Greater Hyderabad Municipal Corporation (GHMC) to deploy over 400 All-In-One EDC Devices for property tax collection, the company announced today. The shares of Paytm (One 97 Communications Limited) were trading at ₹818.50, up by ₹17.40 or 2.17 per cent on the NSE today at 12.42 pm. […]
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Real estate players fear demand hit from rise in ready reckoner rates in Maharashtra
The Maharashtra government’s decision to raise ready reckoner rates(RRR) in Mumbai and other parts of the State has been met with considerable dismay by the real estate sector which apprehends an adverse impact on housing demand, as property costs are expected to escalate. On Monday the State government raised RRR by an average 3.89 per […]
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Mumbai-based Runwal Enterprises files for ₹1,000 crore IPO
Mumbai-based real estate developer, Runwal Enterprises Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,000 crore through an initial public offering. The IPO consists entirely of a fresh issue with a face value of ₹2 per share and no offer-for-sale component. The company […]
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March property registrations in Mumbai surge on high demand
Property registrations in Mumbai in March at close to 15500 units, saw a strong surge both on year and sequentially, netting the state government record revenue of ₹1,588 crore, Maharashtra government data showed. The boost in stamp duty collections was due to a higher proportion of large ticket-sized transactions, according to data analysed by Knight […]
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Casagrand forays into senior living segment with new project in Chennai
Real estate developer Casagrand has announced its foray into the senior living segment with the launch of Casagrand Cheers. The company unveiled its first senior living project in Pudupakkam, Chennai, with plans to expand across key metros in South India. Spread across 5.2 acres, the Pudupakkam project offers 331 fully furnished 1, 2, and 3 […]
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ATS Homekraft sells 400 plots for ₹1,200 cr in new Yamuna Expressway project
Real estate company ATS Homekraft has sold around 400 residential plots for more than ₹1,200 crore in its new project on Yamuna Expressway on strong consumer demand. The company will develop a 63-acre plotted development project, ‘Province D Olympia’ on Yamuna Expressway, near the upcoming Noida International airport in Jewar, Uttar Pradesh. “We have launched […]
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India’s ultra-luxury home market soars: 49 homes above ₹100 crore sold for ₹7,500 crore in 3 years
India’s ultra-luxury real estate market is witnessing a boom, with 49 homes priced at ₹100 crore or more sold in Mumbai and Delhi NCR over the past three years. These transactions have totalled ₹7,500 crore, with 2024 alone accounting for ₹3,652 crore. The trend continues into 2025, with four deals worth ₹850 crore recorded in […]
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Office space to maintain growth momentum in 2025: CBRE
Driven by resilient economic fundamentals and a good employment outlook, the office sector in the country is expected to maintain its strong growth momentum in 2025. GCCs are expected to account for about 35-40 per cent of the total office space absorption across top cities. The growth momentum will also be backed by a readily available […]
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Brigade Group signs JDA for ₹300-crore luxury project in Mysuru
Brigade Group has signed a joint development agreement (JDA) for a new luxury residential project on Bogadi Road near the proposed Outer Ring Road in Mysuru. The company plans to develop approximately 0.45 million square feet of residential space with a gross development value (GDV) of ₹300 crore. The land parcel spans 5 acres and […]
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Godrej Properties sells around 90 flats for over ₹1,000 cr in new project at Gurugram
Real estate company Godrej Properties Ltd has sold around 90 flats for more than ₹1,000 crore on the launch day of its new luxury housing project at Gurugram, despite an overall demand slowdown in residential property market. In a regulatory filing on Friday, the company said around 90 flats were sold on the launch day […]
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Impacted by high prices and volatile stock market, Kolkata’s housing sales skids 31% in January-March
Housing sales in Kolkata witnessed around 31 per cent year-on-year decline during the January-March period this year at nearly 3900 units, as the city’s residential market is impacted by high prices, weak global economy and volatile stock market. During January-March last year (Q1 2024) around 5650 residential units were sold in Kolkata. “If we compare […]
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DLF Cyber City Developers gets upgraded rating (AAA Stable) by CRISIL
DLF Cyber City Developers Ltd (DCCDL), the rental arm of DLF Limited, has seen a ratings upgrade with CRISIL rating it as AAA (Stable), from AA+ (stable). In its rating rationale, CRISIL stated, that the upgrade reflects expectation of sustenance of the strong business risk profile, backed by high occupancy levels and scale of the operational […]
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Cement prices in South India drops sharply in March
Cement prices saw a steep decline in South India in March, at a rate higher than other regions. Cement manufacturers in South India attribute the sharp drop in prices across the region to temporary factors, primarily the year-end push for higher volumes and related discounting strategies amid intense competition. They anticipate an upward trend in […]
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Birla Estates debuts in Pune with luxury residential project, Birla Punya
Birla Estates Pvt. Ltd., a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has launched its first Pune project, Birla Punya, with an estimated revenue potential of ₹2,700 crore. Located in Sangamwadi, Central Pune, the project spans 5.76 acres and offers 1.6 million sq. ft. of saleable area, including 1,000 luxury flats across four towers. […]
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Senior housing segment in real estate gains traction: Report
Senior housing segment within the real estate sector which has long struggled to gain mainstream acceptance is now gradually becoming more viable, presenting an opportunity for comapanies, according to a report by GRI Club. “Senior housing is another niche segment that has long struggled to gain mainstream acceptance but is now gradually becoming more viable,” […]
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Housing sales, launches continue to correct in Q1 of 2025
Home sales and launches across tier 1 markets have shown a falling trend both sequentially and annually in the first quarter of 2025, according to data by PropEquity, pointing to a continuing correction in the market that has been a trend last year as well. Sales have fallen by nearly a fourth on year and […]
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Omaxe to invest ₹400 crore to develop two commercial projects in Faridabad
Real estate company Omaxe will invest ₹400 crore to develop two new commercial projects in Faridabad, Haryana, to expand its business. The two new projects will be part of its 120-acre mixed-use development named ‘World Street by Omaxe.’ The first commercial project, New Singapore is spread over 11.6 acre, comprising 15 lakh square feet of […]
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DLF to invest ₹20,000 cr in medium term to expand its commercial real estate biz
Real estate major DLF plans to invest around ₹20,000 crore in the medium term to develop commercial properties, including office and retail spaces. In a corporate presentation uploaded on stock exchanges, DLF shared the growth strategy of its rental business. “Significant growth capex being committed for growth,” the company said, adding that an incremental capex […]
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Nikhil Kamath’s Gruhas and Brigade Group launch ₹200 cr Earth Fund for real-estate, urban innovation
Real estate player Brigade Group and venture investment firm Gruhas have launched a ₹200 crore SEBI-registered Category-II Alternative Investment Fund (AIF), the Earth Fund, with an additional ₹100 crore green-shoe option. This marks Gruhas’ second fund, with Brigade as a major investor. The fund aims to invest $1-2 million per start-up, over 10-15 start-ups in […]
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MICL launches India’s tallest ultra-luxury residential tower in Mumbai
Man Infraconstruction Limited (MICL) today unveiled Avaan Tower 2, a 306-meter residential skyscraper in Mumbai’s Tardeo neighborhood that the company claims is India’s tallest ultra-luxury residential building. The shares of Man Infraconstruction Limited (MICL) were trading at ₹151.65 up by ₹7.26 or 5.03 per cent at the closing bell. The project features 3, 4, […]
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Embassy inks pact to divest 25 acres in Bengaluru to Lam Research for ₹1,125 cr
Embassy Developments Ltd (EDL), through its wholly-owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India) Pvt Ltd to sub-lease and subsequently divest approximately 25 acres in Whitefield, Bengaluru, subject to regulatory approvals. The transaction is valued at ₹1,125 crore. Aditya Virwani, Managing Director, Embassy Developments Ltd, said: “Bengaluru remains a […]
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Adani in advanced talks to acquire Emaar India for $1.4 billion, sources say
Gautam Adani is in advanced talks to buy the Indian unit of Dubai-based developer Emaar Group at a potential enterprise value of $1.4 billion, according to people familiar with the matter, helping Asia’s second-richest person expand in real estate. The Adani family and Emaar are discussing the structure of a transaction, which could include an […]
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IHG has a pipeline of 60 hotels in India in the next 3-5 years
IHG Hotels and Resorts has a pipeline of 60 hotels, due to open in India in the next three-five years, said Sudeep Jain, Managing Director – South West Asia, IHG. Currently, in India, the global hotel has 47 hotels operating across five brands — Six Senses, InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn Resort […]
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Where will Tamil Nadu’s ambitious 2,000-acre Global City project near Chennai come up?
Where will Tamil Nadu’s ambitious 2,000-acre ‘Global City’ project near Chennai come up? This is the million-dollar question raised by common man and real estate developers after State Finance Minister Thangam Thennarasu announced it in the State Budget 2025-26 last week. Tamil Nadu government, in a move to decongest Chennai, wants to create a new […]
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HUDCO aims for zero NPA; $500-million fundraise from Japan underway: CMD Kulshrestha
Housing Urban Development Company (HUDCO), the Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA), which recently got an NBFC licence, is planning to “become a zero-NPA (non-performing asset) company”, that is it will have no bad loans in its books, over the next 18-odd months, following resolution of ₹1,200-odd worth of projects […]
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Birla Estates launches first luxury residential project in Pune
The shares of Aditya Birla Real Estate Limited were trading at ₹1,883.50 up by ₹123.65 or 7.03 per cent on the NSE today at 11.35 am. Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited, has launched its first residential project in Pune. The luxury project, named Birla Punya, has […]
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Flex- workspace providers take off at airports to meet demand for work on the move
Beyond urban centers, flexible workspace providers are expanding into airport locations, addressing the growing demand for productivity on the move—especially among business travelers and remote workers. Mumbai-based IWG, which operates brands like Regus, Spaces, and HQ in India, along with iSprout, are among the early movers tapping into this trend. Highlighting this trend, Harsh Lambah, […]
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Blackstone to acquire majority stake in Kolte-Patil for close to ₹2,000 crore
In one of the biggest deals in India’s residential real estate sector, US-based alternate asset manager Blackstone will be acquiring a majority stake in Kolte-Patil Developers for close to ₹2000 crore, taking an initial stake of 14.3 per cent through a preferential allotment, buying 25.7 per cent from the promoter Patil family followed by an open […]
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Brigade Enterprises targets ₹2,700 cr revenue from new housing project in Bengaluru
Realty firm Brigade Enterprises targets ₹2,700 crore revenue from its new housing project in Bengaluru. In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project ‘Brigade Eternia’ in Yelahanka, Bengaluru. The project, spread over 14.65 acres, will have 1,124 residential units with a total built-up area of about 20 lakh […]
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Hanto Workspaces revenue may rise over 40% in FY25
Hanto Workspaces is expecting over 40 per cent increase in revenue this fiscal year to ₹30 crore on rising demand for flexible managed office space. Bengaluru-based Hanto Workspaces had posted a revenue of ₹21 crore in the 2023-24 fiscal year. “We are likely to post a revenue of around Rs 30 crore during this fiscal […]
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Self-certification scheme helps sharp increase in issuance of building permission in TN this fiscal
There has been a steady increase in the registration of documents and the revenue generated from it. This has been due to an increase in building permits issued over the years. After a major reform, the introduction of self-certification scheme in July 2024, there has been a sharp increase in issuing building permission, with permissions […]
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Brigade launches Ebony at Brigade Orchards, expected to generate ₹380 crore in revenue
Brigade Group has announced the launch of a premium residential project, Ebony at Brigade Orchards, which is expected to generate ₹380 crore in revenue. The project spans a total development area of 0.5 million square feet in Devanahalli. Ebony at Brigade Orchards is a joint venture residential project within the 135-acre Brigade Orchards township. This […]
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Peripharies emerge Hyderabad’s real estate hot spot growth hubs: Colliers
Hyderabad’s real estate growth is rapidly expanding beyond its core hubs, with peripheral areas emerging as the city’s new growth frontiers, according to a report by real estate services company Colliers. In its report ‘Hyderabad: Emerging Real Estate Growth Hotspots’, Colliers said the growth is largely driven by the upcoming Metro Phase II extension, proposed […]
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DLF to invest ₹6,000 cr to construct 75 lakh sq ft office, retail spaces in Gurugram
Realty firm DLF’s rental arm will invest around ₹6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s sovereign wealth fund GIC. DLF holds nearly 67 per […]
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Casagrand to develop 2.74 million sq ft of residential space in Hyderabad
Casagrand, a Chennai-based real estate developer, has entered the Hyderabad market. It plans to add 2.74 million square feet of residential space there. “Hyderabad is one of the fastest emerging markets in the real estate sector in the South. As the city expands beyond its prime clusters, we would like to build residential projects in […]
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House of Abhinandan Lodha aims ₹10k cr pre-sales in FY29 on rising demand for housing plots
The House of Abhinandan Lodha, which sells housing plots, aims 4.5 times jump in sale bookings to ₹10,000 crore in 2028-29 on rising demand for plotted development projects, a top company official said. Addressing a CREDAI conference here, company’s founder Abhinandan Lodha said it is set to clock sale bookings worth ₹2,200 crore during this […]
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Huge demand for data centres in India, 18 mn sq ft area needed in 4-5 yrs: Smriti Irani
BJP leader Smriti Irani on Friday suggested real estate developers to diversify their business and said there is a huge demand for data centres in India. Addressing a conference organised by Confederation of Real Estate Developers’ Associations of India (CREDAI) here, she said there is a huge demand for data centres in India and around […]
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Blackstone, Sattva file for ₹6,200 cr REIT issue
Global asset manager Blackstone and Indian real estate developer Sattva have filed the draft prospectus for a real estate investment trust to raise ₹6,200 crore (about $712 million) with a commercial portfolio of 48 million square feet, of which 37 msf is completed., Sources said the REIT will raise anything in the range of ₹5,700-7,500 […]
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Brigade launches premium residential project in Chennai
Brigade Group has launched Brigade Altius, a project with a revenue potential of ₹1,700 crore. This comes as the company aims to double its growth in Chennai across residential, commercial, retail, and hospitality sectors, according to Pavitra Shankar, Managing Director, Brigade Enterprises Ltd. Located in Sholinganallur, the project spans 6.5 acres with a total development […]
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‘Cement prices to come under pressure on weak demand in FY26’
India Ratings and Research expects cement prices to come under pressure with companies trying to increase output amid weak demand environment and fresh capacity additions. Cement prices have already dipped to its lowest in last two decades due to lower demand from both the infrastructure and realty sector. The realisations are down by about 7 […]
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DRA launches Inara, Chennai’s first luxury villa community with exclusive land ownership
DRA, the Chennai-based real estate developer, has launched its first-ever luxury independent villa community, DRA Inara, in the city. The project will have 118 luxury units with complete and exclusive land ownership. With an investment of ₹100 crore, DRA Inara is located in Navalur, one of the fastest growing micro-markets on Chennai’s IT corridor, OMR. […]
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Experion Developers to invest ₹1,000 cr in new housing project in Noida
Real estate company Experion Developers will invest ₹1,000 crore to develop a new luxury housing project in Noida, Uttar Pradesh. The company is a 100 per cent FDI-funded real estate developer and wholly-owned subsidiary of Experion Holdings Pte. Ltd, Singapore. Also read: Godrej Properties sells over ₹1,000 crore in Pune project launch In a statement […]
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WTCA terminated 13 licenses held by World Trade Center in India
The World Trade Centers Association (WTCA) has terminated 13 licenses held by WTC Noida Development Pvt. Ltd and Spire Techpark Ltd effective February 19, 2025. The termination affects World Trade Center branded properties in Ahmedabad, Amritsar, Bhopal, Chandigarh, Faridabad, GIFT City, Lucknow, Noida, Noida CBD, Patna, Surat, Vadodara, and Varanasi. According to WTCA, the decision […]
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Oberoi Group partners with Ladhani Group for two Rishikesh resorts
The Oberoi Group announced its plans to develop two new resorts in Rishikesh in partnership with The Ladhani Group on Monday. The expansion includes an 80-key luxury Oberoi-branded resort with the “vilas” designation and a 120-key five-star Trident-branded hotel. Both properties will be situated on a 60-acre site bordered by the Ganges on three sides. […]
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Embassy REIT invests ₹100 cr in Kadubeesanahalli metro station, secures 30-year naming rights
Embassy Office Parks REIT has signed a definitive agreement to invest ₹100 crore in developing the Kadubeesanahalli Metro Station along the Outer Ring Road (ORR) corridor. The 17-km ORR metro project connects Central Silk Board Junction to K R Puram and includes 16 stations, linking key commercial hubs, including Embassy TechVillage business park. As part […]
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Chennai sees 57% dip in office completion in 2024
Chennai is the only city among the top six – the other five are Bengaluru, Hyderabad, Mumbai, Pune and NCR – that witnessed a dip in new office completions (Grade A) in 2024. In comparison, Mumbai saw the highest increase. In 2024, Chennai saw a 57 per cent dip in new office constructions (Grade A) […]
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Singapore’s GIC favours IPO route for commercial JV with DLF
Real estate developer DLF Ltd and Singapore wealth fund GIC are exploring an initial public offer for their joint venture DLF Cyber City Developers Ltd (DCCDL), rather than floating a real estate investment trust, where regulations are more restrictive, sources said. The joint venture, DCCDL, in which DLF holds the majority 66.67 per cent stake, is […]
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Godrej Properties buys 12 land parcels to build ₹23,450 cr worth projects: Pirojsha
Godrej Properties acquired 12 land parcels during April-December period of this fiscal to develop housing projects worth ₹23,450 crore, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand. Godrej Properties also partners with landowners, under new business development. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha […]
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Godrej Properties sells over ₹1,000 crore in Pune project launch
Godrej Properties Ltd (GPL) has sold residential inventory worth over ₹1,000 crore at its Godrej Evergreen Square project in Hinjewadi, Pune, the company announced today. The Mumbai-based developer sold 1,398 homes with a total area of approximately 1.23 million square feet. The shares of Godrej Properties Ltd (GPL) were trading at ₹1,996.70 up by ₹9.65 […]
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February property registrations in Mumbai show stable trend
Property registrations in Mumbai in February at 11,932 units was down both on year as well as on month, the Maharashtra government data showed, with the month having fewer days. In January, this year the city had registered 12,249 units and in February last year 12,055 units. Of the total property registrations over 80 per […]
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Birla Estates clocks ₹500 cr in bookings for Birla Trimaya in Bengaluru
Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), has launched Birla Trimaya in North Bengaluru. The booking value of the project stood at ₹500 crore with the sale of over 300 units. With this, the cumulative booking value across all launched phases has […]
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Signature Global aims to achieve zero net debt in FY26 on strong sales: Chairman
Realty firm Signature Global is targeting to achieve zero net debt during the next fiscal year on healthy internal cash flow supported by strong consumer demand for its residential projects in Gurugram. The company has reduced its net debt in the October-December quarter to ₹740 crore, from ₹1,020 crore at the end of the second […]
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ED searches WTC Builders & Bhutani Group for real estate fraud
The Enforcement Directorate on Thursday launched searches at multiple premises of two real estate companies — WTC Builder and Bhutani Group — and their promoters in the national capital region of Delhi to probe money laundering into fraud committed with homebuyers. The searches by the ED office were being carried out in about a dozen […]
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TVS Emerald acquires 10-acre land parcel in Bengaluru
TVS Emerald has acquired a 10-acre land parcel in Sathanur, Bengaluru, the fourth acquisition made by the real estate developer in the current financial year, a top official said. With the latest acquisition, TVS Emerald has added land deals with a total revenue potential of ₹5,300 crore, the company said. Also read: TVS Emerald acquires […]
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CBI probing Godrej Properties project in Chandigarh for EC violation
A first information report has been filed by the Central Bureau of Investigation against Godrej Estate Developers, an arm of Godrej Properties, alleging that the company did not get the clearance of the National Board of Wildlife (NBWL) for a commercial building in Chandigarh. In an exchange filing, Godrej Properties said that the FIR has […]
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NoBroker launches SaaS platform ConvoZen.AI
NoBroker has launched its SaaS product, ConvoZen.AI, which it expects to contribute significantly to its revenue in the next 2–3 years. The platform is used across industries such as banking, travel, automobile, and healthcare, with users such as Microsoft and Google, according to Akhil Gupta, Chief Product & Technology Officer (CPTO) and Co-founder of NoBroker. […]
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Viyaara Realty launches smaller luxury homes at ₹2-4 cr in Dadar
The demand for luxury apartments in Mumbai is witnessing a significant surge, driven by changing lifestyle preferences, increasing urbanisation, and the need for premium living in prime locations. With a growing segment of young professionals, MSME owners and nuclear families seeking compact luxurious homes, areas such as Dadar and Shivaji Park have emerged as the […]
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Residential Sales Fell in H2 2024 vs. H1: Chennai, Hyderabad, Mumbai, Bengaluru, Kolkata cities decline
Residential sales and launches have seen a distinct downward trend in the second half of 2024 compared to the first half, and preliminary data indicates that the trend is continuing in 2025 as well. Data also shows a softening of launch prices in some major real estate markets such as Mumbai, Navi Mumbai, and the […]
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Real Estate: Monthly home rents surge 9-21% in 2024 amid rising demand
Rising costs of living are a cause for concern, and monthly rentals across the country’s major cities have been steadily increasing by 9.2 to 21 per cent in 2024 compared to a year ago, fuelled by migration, lack of good-quality accommodation, and a premium on better amenities. The highest increase was seen in Noida’s Sector […]
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Signature Global awards contracts worth ₹567 cr for housing project in Gurugram
Signature Global on Wednesday said it has awarded construction contracts worth ₹567.37 crore to build its housing project in Sohna, Gurugram. The company has given ₹482-crore contract to B L Gupta Construction (P) Ltd, while Shri Balaji has been given work worth ₹85.37 crore for the project ‘Daxin Vistas,’ the company said in a statement. […]
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Signature Global operational revenue set to rise over ₹3,000 cr
Real estate company Signature Global is expecting at least a 2.5 times jump in its operational revenue to more than ₹3,000 crore in this fiscal on strong sales as well as completions of projects, its Chairman Pradeep Kumar Aggarwal said. In an interview with PTI, he also exuded confidence that the company would easily surpass […]
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OYO-owned European holiday home brand DanCenter launched in India
OYO’s parent company, Oravel Stays, on Wednesday announced the launch of its European holiday homes brand, DanCenter, in the Indian market. DanCenter was acquired by OYO Vacation Homes in 2019. Since then, the company has expanded its presence in Europe significantly. Also read: Oyo buys Bornholmske. Oyo acquires Denmark-based holiday home operator Bornholmske Feriehuse The holiday […]
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Chennai’s Office stock to cross 100 Mn sq ft mark by end of 2026
The office stock in Chennai is likely to cross 100 million sq ft by the end of 2026. Total office stock in Chennai currently stands at over 89 million sq ft, the fifth largest in India as of December 2024, says a report. CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, and […]
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Hiranandani-Krisala Developers unveils 105-acre integrated township in Hinjewadi, Pune
The project, located in North Hinjewadi, will be developed under the Integrated Township Policy, featuring residential, commercial, and retail spaces. The joint development has launched Phase I, covering 30 acres, with a minimum potential to deliver 3 million sq feet of real estate. The estimated investment for Phase I is approximately ₹500 crore, with a […]
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Brigade Group plans to invest ₹1,500 crore in Kerala, signs MOU
Brigade Group has proposed to invest ₹1,500 crore in Kerala with a potential generating employment for around 12,000 people over the next five years. Brigade Enterprises Ltd, the flagship Company of Brigade Group has submitted an Expression of Interest at the Invest Kerala Global Summit 2025, in the presence of the State Chief Minister Pinarayi […]
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Chennai FAIRPRO 2025 records ₹363 crore in sales with 385 bookings
The three-day Chennai FAIRPRO 2025, organised by the Confederation of Real Estate Developers’ Associations of India (CREDAI), saw 385 bookings with ₹363 crore in total sales. This is as against 302 bookings worth ₹260 crore in 2024, according to Mohamed Ali, President of CREDAI Chennai. There were 44,712 walk-ins this year as against 31,000 last […]
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Bank credit to commercial real estate on rising trajectory
Bank credit to commercial real estate has gone up over 11 per cent in FY25 year to date, according to data by the Reserve Bank of India, indicating a comfort in the banking sector to increasing their exposure to the sector. However lending to housing under priority sector is languishing and the exposure has marginally […]
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Hanto Workspaces to add 4 lakh sq ft in Bengaluru by FY26, eyes expansion in key cities
Bengaluru-based Hanto Workspaces plans to add 4 lakh square feet of workspace in the Bengaluru micro-market by FY26. The leasing operator is also looking to expand into Chennai, Hyderabad, Mumbai, and Pune. Founded in 2020, Hanto Workspaces has doubled its presence every year, according to Aashit Verma, Founder of the workspace provider. “We have been […]
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Accor expands in India with the launch of Pullman Chennai
French hospitality group Accor, which operates 65 hotels in India, sees strong potential in Tier-3 cities for future expansion. The group, which is currently executing 30 new hospitality projects across the country, has launched Hotel Pullman Chennai, Anna Salai, formerly Raintree Anna Salai. This launch also marks Pullman’s debut in South India Spread across 5,000 […]
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BIGBLOC Construction arm acquires land parcel in MP to set up new facility
StarBigBloc Building Material Ltd, an arm of BIGBLOC Construction, on Tuesday said it has acquired a land parcel in Madhya Pradesh, to set up a new manufacturing plant. The proposed Indore facility will produce Autoclaved Aerated Concrete (AAC) blocks strengthening its presence in the state and nearby regions, the company said in a statement. AAC […]
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Dubai’s Sobha Realty becomes global partner for ICC Men’s event, starting with Champions Trophy
Dubai-based Sobha Realty on Tuesday said it has become a global partner for the International Cricket Council (ICC) Men’s event. In a statement, Sobha Realty, which is part of Sobha Group, said the partnership spans various in-stadia, broadcast and digital rights, starting with the ICC Men’s Champions Trophy 2025, which begins on February 19. “Sobha […]
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Arvind SmartSpaces sign ₹600-cr real estate deal in Ahmedabad
Arvind SmartSpaces Limited (ASL), the real estate arm of textile major Arvind Ltd on Monday announced that it has signed a new residential plotted development project in Ahmedabad, with an estimated investment of ₹600 crore. This project located on Sanand-Nalsarovar road near Ahmedabad has been acquired on an outright basis and is spread over 150 […]
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KBC Global to issue 1:1 bonus shares
KBC Global, a construction and real estate development company, will issue bonus shares in the ratio of 1:1, subject to shareholders approval. The Board of Directors has also approved a proposal to increase authorised capital and proposed renaming KBC Global to Dharan Infra-EPC or another name approved by the Registrar of Companies. The company has […]
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NGT delivers a split verdict on G Square’s Coimbatore township project
The National Green Tribunal, Southern Zone, Chennai, has delivered a split verdict on a case related to development of the township project and the construction of buildings in Coimbatore by the Chennai-based G Square Realtor Pvt Ltd without the Environmental Impact Assessment. As there was a conflict in the verdict, the matter has been referred […]
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Australia bans foreigners from buying existing homes for two years
Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday, in an effort to boost under-pressure housing supply. “We’re banning foreign purchases of established dwellings from April 1, 2025, until March 31 2027,” treasurer Jim Chalmers said in a statement with housing minister Clare O’Neil. […]
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Merlin Group, Fashion TV join hands to launch ₹800-crore luxury residential project in Kolkata
Real estate developer Merlin Group has formed an exclusive partnership with fashion media giant Fashion TV (FTV) to launch a ₹800-crore branded luxury residential project in Kolkata. The first phase of the project will include 11 residential towers with 880 apartments. Completion of the project, which spans over eight acres, is slated for 2030. In […]
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Foundation stone laid for new 27-floor Central Tower in Chennai
Tamil Nadu Chief Minister MK Stalin on Friday laid the foundation stone for the construction of ₹350 crore, 27-floor Central Tower being executed by the Chennai Metro Asset Management Company. This is a Special Purpose Vehicle formed by Chennai Metro Rail Limited and Tamil Nadu Industrial Development Corporation. The Tower will come up near the […]
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New town development plans under preparation for 9 growth centres around Chennai, including Parandur:Stalin
New town development plans are under preparation for nine growth centres around Chennai, including Parandur where the greenfield airport is being planned, said Chief Minister MK Stalin on Friday. Inaugurating the 3-day CREDAI Fairpro 2025 real estate exhibition , Stalin said the first and second master plans for Chennai Metropolitan Area (CMA) were introduced during […]
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Tvasta builds 3D-printed villa for Godrej Properties in Pune
In a bid to showcase opportunities for 3D-printed homes in the future, Tvasta Manufacturing Solutions, a deep-tech start-up, has constructed a 3D-printed villa for Godrej Properties. The 3D-printed G+1 villa was completed in four months, from June to October 2024 at Godrej Eden Estate, Pune. Spanning 2,200 sq. ft., it was constructed entirely on-site using […]
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Signature Global sales bookings jump 2.8 times to ₹8,670 crore in Apr-Dec of FY25
Real estate company Signature Global sales bookings jumped 2.8 times to a record ₹8,670 crore in the first nine months of this fiscal on strong housing demand. According to its latest investors presentation, Signature Global’s achieved pre-sales or sales bookings of ₹8,670 crore in April-December period of 2024-25 fiscal from ₹3,120 crore in the year-ago […]
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Shriram Properties expands project pipeline with luxury development in Chennai
Shriram Properties Limited (SPL), a mid-market and mid-premium focused residential real estate developers in South India, has signed a Joint Development Agreement (JDA) to develop a prime land at Koyambedu – a prominent micro market in Chennai. The company is embarking on developing a premium residential complex with an aggregate saleable area of 3.2 lakh […]
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Signature Global Q3 results: Signature Global trims net debt 29% to ₹720 crore on strong sales, internal cash flows
Growing home sales | Photo Credit: HYWARDS Realty firm Signature Global has reduced its net debt by 29 per cent in the October-December quarter to ₹720 crore on strong pre-sales and collections from customers. The net debt of Signature Global stood at ₹1,020 crore at the end of the second quarter of this fiscal year. […]
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We’re not in a rat race; NRI interest in Indian real estate back: Aakash Ohri, JMD, DLF Ltd
Buoyed by strong sales of 173 homes for ₹11,816 crore in its ultra-luxury project in Gurugram, realty major DLF is now targeting ₹23,000 crore-odd from the remaining 247 units at ‘The Dahlias’. This new project is the second ultra-luxury offering from DLF after the successful delivery of ‘The Camellias’. According to Aakash Ohri, Joint MD, […]
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Godrej Properties net debt down 49% in Q3 to ₹3,848 crore on better cash flow, equity fundraise
Godrej Properties Ltd has reduced its net debt by 49 per cent to ₹3,848 crore during the latest quarter ended December on the back of strong internal cash flow and equity fund raising. Its net debt stood at ₹7,572 crore as on September 30, 2024, according to the company’s latest investors presentation. Pirojsha Godrej, Executive […]
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Office, retail demand push Kochi’s commercial real estate growth
Driven by office and retail demand, commercial real estate in Kochi has registered robust growth, highlighting the city’s growing prominence as a promising destination. The city’s total office space stock grew by 28 per cent in the last three years and stood at 17 million sq ft as of December 2024; the total retail space […]
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Upward rise in REIT occupancies, rents indicate healthy office demand
Occupancies at the office portfolios under real estate investment trusts (REITs) saw a significant rise in the third quarter aided by the denotification of SEZ spaces, while in-place rent also increased indicating healthy office take up, driven by strong demand from global capacity centres. The quarterly results announced by the three office-based REITs — Embassy […]
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Sobha’s Q3 PAT jumps 43.8% y-o-y to ₹21.7 crore on strong operational performance
Sobha Ltd has reported a profit after tax (PAT) of ₹21.7 crore reflecting a 43.8 per cent year- on-year increase. The company’s quarterly performance was driven by consistent operational execution and sustained demand, it stated. Revenue hike The real estate player posted a net revenue of ₹1,256.9 crore, with a 76.1 per cent y-o-y growth. […]
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Upward rise in REIT occupancies, rents indicate healthy office demand
Occupancies at the office portfolios under real estate investment trusts (REITs) saw a significant rise in the third quarter aided by the denotification of SEZ spaces, while in-place rent also increased indicating healthy office take up, driven by strong demand from global capacity centres. The quarterly results announced by the three office-based REITs — Embassy […]
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IBBI unlocks stalled homes, possession now possible during insolvency
In a big relief for homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has allowed resolution professionals to hand over possession of plots, apartments, or buildings to homebuyers while insolvency proceedings are ongoing. This amendment addresses a long-standing issue where homebuyers, despite having made payments, were left waiting indefinitely due to insolvency proceedings. By […]
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Godrej Properties reports strong Q3 performance
Real estate developer Godrej Properties’ third quarter net profit and revenue saw a sharp rise, delivering projects of 2.6 million square feet across two cities. The quarter also saw bookings worth ₹5,446 crore from the sale of over 4 msf area, the six consecutive quarter where bookings have crossed the ₹5,000-mark. It added four new […]
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Brigade Hotel Ventures secures SEBI approval for ₹900 crore IPO
Brigade Hotel Ventures Limited, a wholly-owned subsidiary of Brigade Enterprises, has secured SEBI approval for its ₹900 crore IPO debut. The company’s IPO includes a fresh issue of equity shares with a face value of ₹10 each, aggregating up to ₹900 crore. From the proceeds, ₹481 crore will be allocated to debt repayment, and ₹107.5 […]
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Budget fails to address key concerns of real estate sector: CREDAI, NAREDCO
The real estate industry has said that the Union Budget should have addressed crucial areas, such as the affordable housing segment. Rising home loan interest rates and the outdated definition of affordable housing have created barriers for many potential homeowners. The government should prioritise revisions to the current housing cap, which has been stagnant for […]
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Mahindra Lifespace bags ₹950 cr redevelopment project in Mumbai
Realty firm Mahindra Lifespace Developers on Monday said it has bagged a redevelopment project in Mumbai with an estimated revenue of ₹950 crore from the saleable area. In a regulatory filing, Mahindra Lifespace informed that the “company has been appointed as the developer for a redevelopment project in Lokhandwala Complex, Andheri West, Mumbai. The project […]
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Prestige Estates sales bookings down 38% to ₹10,066 cr in Apr-Dec
Real estate firm Prestige Estates Projects Ltd’s sales bookings have declined 38 per cent to ₹10,065.7 crore during the April-December period of this fiscal year as it launched fewer housing projects due to delay in regulatory approvals. Bengaluru-based Prestige Estates is one of the leading real estate developers of the country. According to its latest […]
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WeWork India files for IPO through OFS of up to 4.4 crore shares
WeWork India has filed the draft prospectus with Securities and Exchange Board of India (SEBI) for its initial public offer (IPO), which will be entirely through an offer for sale of up to 4.4 crore shares. The offer for sale comprises up to 3.35 crore shares by promoter selling shareholder Embassy Buildcon LLP and up […]
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₹8,900 crore additional allocation for residential rooftop solar
The Budget 2025-26 makes an allocation of ₹20,000 crore, under ‘revenue expenditure’ for the PM Surya Garh Muft Bijli Yojana (PMSGMBY) — a scheme that provides incentives for setting up small-scale rooftop solar plants on residential roofs. This is a huge jump from the ₹6,250 crore allocation made in the Budget for 2024-25, which […]
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Mindspace REIT acquires commercial property in Hyderabad for ₹2,038 crore
Mindspace Business Parks REIT announced today the acquisition of Commerzone Raidurg, a Grade-A commercial property in Hyderabad’s Madhapur area, for ₹2,038 crore. The deal involves purchasing 100 per cent equity shareholding in Sustain Properties Private Limited, which owns the 1.82 million square feet property. The shares of Mindspace Business Parks REIT Limited were trading at […]
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GSquare Group forays in to villa and apartment development
GSquare Group, a major plot promoter, is foraying in to developing apartments and villas and will invest nearly ₹1,000 crore in the next two years in this expansion. The first project will come up at Vandalur in about 6 acres where it will construct 52 apartments, 28 villas and 154 plots, said the company’s COO […]
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Embassy REIT posts record Q3 revenue, 13% jump in distributions
Embassy Office Parks REIT, India’s largest office REIT, reported record quarterly revenue of ₹1,022 crores and net operating income of ₹829 crores for Q3 FY2025, both up 9 per cent year-over-year. The company announced distributions of ₹559 crores (₹5.90 per unit), marking a 13 per cent increase from the previous year. The REIT leased 1.1 […]
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Filmistan Studio site acquired by Arkade Developers for ₹165 crore
A 4-acre property in Mumbai, the site of the historic Filmistan Studio which churned out blockbuster movies in the 1940s and 1950s, has been acquired by Arkade Developers for ₹165 crore. Arkade plans to develop luxury residences on the site with a saleable area of 5 lakh square feet and estimated revenue potential of ₹2000 […]
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Industrial & logistics leasing hits all-time high in 2024 at 39.5 m sq ft across eight cities: CBRE report
Leasing in industrial & logistics reached a peak of 39.5 million sq ft in CY 2024 across the top eight cities. This is supported by a robust supply addition of 38.6 million sq ft during 2024, says real estate consulting firm CBRE South Asia Pvt Ltd in its report, ‘CBRE Industrial & Logistics Figures H2 […]
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Brigade Enterprises PAT up threefold to ₹236 crore for Q3FY25
Bengaluru-based property developer Brigade Enterprises reported a profit after tax of ₹236 crore for the quarter ended December 31, marking a 322 per cent increase from the corresponding quarter last year. The growth was attributed to the completion of two residential towers each in Hyderabad and North Bengaluru. The total revenue stood at ₹1,530 crore […]
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India’s much showcased affordable housing market see a steep decline
Once showcased as a flagship in the Centre’s push for ‘Housing for All’, India’s affordable housing sales are witnessing one of its steepest fall in recent times. Homes priced in the ₹60-75 lakh price bracket has seen a supply as well as sales dip of at least 35-40 per cent over the last 18-odd months; […]
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Blackstone to file draft offer document for $700 mn REIT in February
Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest REIT. The US-based asset manager is also understood to have appointed Kotak Mahindra Capital Company […]
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Infra.Market leases space in Thane for ₹200 crore rent over 20 years
IPO-bound Infra.Market has signed a 20-year lease with Ekatva Group at its property in Thane at rent of over ₹200 crore, a release from the real estate developer said. The total area being leased is 70,000 square feet and under the terms of the agreement, Infra.Market will register the first three floors this month and […]
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Lodha versus Lodha: Brothers slug it out in court over trademark use
The two Lodha brothers, Abhishek Lodha of Macrotech Developers and his brother Abhinandan Lodha of House of Abhinandan Lodha, are slugging it out in court over the use of the ‘Lodha’ name. On Monday, they were advised by the Bombay High Court to seek mediation. “We will go by the advice of the Hon’ble Bombay […]
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Arvind SmartSpaces to develop ₹1350 crore industrial park near Ahmedabad
Arvind SmartSpaces Limited (ASL), the real-estate arm of Ahmedabad-based textile major Arvind Ltd, on Monday said that it has signed an agreement for a ₹1350 crore industrial park that will be spread on an estimated 440 acres near Ahmedabad. This mega project, located on NH47, Bavla-Bagodara Road, will be developed under a joint development model(70.5 per […]
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Mindspace Business Parks REIT sees strong growth in Q3 with rising net operating income and leasing activity.
Mindspace Business Parks REIT reported 8.3 per cent rise in the net operating income in the third quarter at ₹522 crore and revenue from operations rose 7.5 per cent to ₹642 crore, on strong leasing and spreads. The K Raheja Corp-promoted REIT, leased 1.7 million sq feet in the quarter including 1 msf of pre-leases. […]
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Macrotech Developers Q3 net profit rises 88% on robust sales
Real estate developer Macrotech Developers reported an 88 per cent rise in consolidated net profit in Q3 of FY25, while revenue rose over 39 per cent, as it registered its best quarterly sales and also handed over 1631 units. Adjusted EBITDA went up 48 per cent to ₹1590 crore, while margins were at a robust […]
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DLF net profit up 62 per cent, bookings surpass FY25 guidance
Delhi NCR-based listed real estate developer, DLF Ltd, reported a 62 per cent jump in consolidated net profit, y-o-y to ₹1059 crore for the quarter ended December 31, 2024. The company had posted a net profit of ₹656 crore in the year-ago period. Consolidated revenues for the country’s largest realtor stood at ₹1738 crore with […]
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Arvind SmartSpaces enters Mumbai Metropolitan Region with ₹1500 crore township project
Arvind SmartSpaces Limited (ASL), has signed an agreement for its first horizontal multi-use project in Mumbai Metropolitan Region (MMR), with a total estimated area of about 92 acre and a top-line potential of an estimated ₹1,500 crore. Located near Khopoli, Mumbai 3.0, the project is signed under joint development model (70.5 per cent Revenue share) enabling […]
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Office leasing in top 6 cities seen at 60 msf in FY25-end
Commercial office leasing across the top six cities in India is expected to rise 10-11 per cent on year to end at 59-60 million square feet (msf) in FY25 and rise a further 3-4 per cent in FY26, driven by global capability centres and domestic corporates, rating agency ICRA said in a report. Office vacancies […]
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Nuvama-Cushman & Wakefield JV raises ₹1,700 crore for Prime Offices Fund
Nuvama and Cushman & Wakefield Management, a joint venture between Nuvama Asset Management and Cushman & Wakefield, announced the first close of its Prime Offices Fund with a corpus of ₹1,700 crore. The first close was achieved within nine months, and the total target of the fund size is ₹3,000 crore, which is expected to […]
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Greenbase in final stages of acquiring 55 acres of land at Oragadam
Greenbase Industrial & Logistics Park, a Hiranandani- Blackstone joint venture, is in the final stages of acquiring about 55 acres of land adjacent and contiguous with its existing parcel inside the Hiranandani Parks in Oragadam, the auto hub near Chennai. The total project investment is projected to be around ₹425 crore, with an estimated land […]
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Investor and buyer interest revives for Trump Tower residential projects in India
New Delhi, January 21 Buyer interest and investor activity have returned to Trump Tower residential projects in India. Sources said there is active interest for these super-premium projects in places like Delhi–NCR, where current projects are already sold-out. In fact, at least six additional high end projects are expected in the country over the next […]
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Oberoi Realty Q3 PAT up 72%, on higher delivery of houses
Real estate developer Oberoi Realty reported a 72 per cent increase in consolidated net profit in the third quarter of FY25, with revenue rising 34 per cent as the company completed and delivered more houses in the quarter. The company reported a net profit of ₹618.4 crore on revenue of ₹1,411 crore. The major portion […]
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Delhi NCR saw the most land deals in 2024 despite prices skyrocketing: Anarock report
Financially strong real estate developers and other entities continued to acquire land in 2024 despite escalating land prices. Backed by high homebuyer demand, the Delhi and National Captial Region led in the number of land deals closed among all cities, data shows. Data made available by real estate consultancy firm Anarock showed that NCR saw […]
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Provident housing launches second phase of Bengaluru eco-project
Provident Housing Limited announced today the launch of the second phase of its Provident Ecopolitan project in Bengaluru, following the sell-out of its first phase. The new phase, scheduled to launch this weekend, will offer 581 residential units across two towers near the KIADB Aerospace Park. The shares of Puravankara Limited closed at ₹347.25, down […]
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Garuda Construction bags ₹1,087 crore convention centre project in UP
Garuda Construction and Engineering Limited announced today it has secured its largest-ever order worth ₹1,087.34 crore from the Gorakhpur Development Authority to construct an international convention centre in Uttar Pradesh. The shares of Garuda Construction and Engineering Limited were trading at ₹130.52 up by ₹7.66 or 6.23 per cent on the NSE today at 2.45 […]
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Sundaram Alternates crosses ₹1,000 crore-mark with real estate fund IV
Sundaram Alternates, part of the Sundaram Finance Group, announced that it has recently surpassed the ₹1,000-crore milestone in fundraising for its Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV. The SA RE Credit Fund IV will primarily focus on South Indian micro-markets, partnering with established developers renowned for timely execution in […]
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Indian Real Estate attracts $2.82 billion in private equity investement: Anarock
Private equity investment in Indian real estate rose 6 per cent to$2.82 billion during the April-December period of this fiscal, driven by a surge in fund inflow in industrial & logistics parks, according to Anarock. The number of PE deals dropped to 24 during the first nine months of the 2024-25 fiscal from 30 in […]
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Puravankara reports ₹1,265 crore in Q3 sales, marks 2% YoY growth
Bengaluru-based real estate developer Puravankara reported sales of ₹1,265 crore for the quarter that ended on December 31, up by 2 per cent year-on-year (YoY) compared to ₹1,241 crore during the same period last year, according to the company’s operational update filed on exchanges. The cumulative sales value for the nine months ended December 31, […]
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Indian real estate PE investments rise 6% in 9MFY25 despite fewer deals: ANAROCK
Private equity (PE) investments in Indian real estate displayed a notable shift in the first nine months of FY25 (9MFY25), with total investment value rising 6 per cent year-on-year (YoY) to $2.82 billion, even as the number of deals declined. According to ANAROCK, the top ten deals accounted for 93 per cent of the total […]
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Godrej Properties forays into Hyderabad
Godrej Properties has forayed into the thriving Hyderabadreal estate market by announcing the launch of its maiden residential project Godrej Madison Avenue at Kokapet, which is a hub for a number of multinational companies. The three-acre, 50-storeyed building would become the company’s tallest residential tower in the South. “The project has an estimated booking value […]
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Institutional investment in Indian housing market up 46% in 2024: Colliers India
India’s housing market attracted an institutional investment of $1.15 billion last year, up 46 per cent annually, as investors look to encash strong demand of residential properties, according to Colliers India. Institutional investment in the housing segment stood at $788.9 million in 2023. Real estate consultant Colliers India reported that institutional investments in Indian real […]
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NCLAT green-lights Indiabulls Real Estate-Embassy Group merger, overrides NCLT order
In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order stalling the process. “We set aside the impugned order of NCLT, Chandigarh and allow the prayer to sanction the scheme […]
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Indian real estate sees $11.4 billion equity investments in 2024, with Singapore, US, and Canada leading foreign inflows.
Indian real estate recorded equity investments of $11.4 billion in 2024, marking a 54 per cent year-on-year (y-o-y) growth, according to a report by CBRE. Singapore, the US, and Canada emerged as the dominant contributors to foreign equity inflows, collectively accounting for more than 25 per cent of the total investments in the sector. Singapore […]
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Punjab & Sind Bank rejects Supertech Township Projects’ settlement proposal; NCLAT to decide on insolvency
Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm, informed NCLAT on Thursday about the rejection of the settlement proposal. […]
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Krishna Group debuts in hospitality with Four Points by Sheraton Chennai in Velachery
Chennai-based Krishna Group, a leading player in the real estate sector, has announced its debut in the hospitality sector with the launch of Four Points by Sheraton Chennai Velachery in collaboration with Marriott International. The new business hotel is set to open next week in the bustling Velachery neighbourhood, located near the City’s IT corridor. […]
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Cushman and Wakefield appoints Moinuddin Patel as Managing Director in Pune
Cushman and Wakefield, a real estate services company, today announced Moinuddin Patel’s appointment as Managing Director, Pune. In this role, Moinuddin will oversee the firm’s operations in Pune, focusing on driving growth, enhancing client relationships, and further strengthening Cushman and Wakefield’s presence in this key market. A seasoned real estate professional with over 20 years […]
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Puravankara acquires 3.63-acre land in Bengaluru with estimated GDV worth ₹700 crore
Bengaluru-based real estate developer Puravankara has acquired a 3.63-acre land parcel in Vajrahalli, Kanakapura Road, Bengaluru. The land is expected to generate a gross development value (GDV) of over ₹700 crore. The acquisition includes a saleable area of 5.42 lakh sq. ft., aligning with the company’s strategy to expand its footprint in key micro-markets of […]
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Office space leasing in Kolkata marginally up at 1.3 million square feet in 2024
Office space leasing in Kolkata stood at 1.3 million square feet in 2024, which was marginally up from 1.2 million square feet in 2023 in the city, according to Real estate consultant CBRE South Asia. CBRE, in its latest report, said during October-December, 2024 leasing activity in Kolkata was driven by IT sector, which […]
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Radisson Hotel Group launches its property in Vellore
Radisson Hotel Group has announced the opening of its latest property — Park Inn by Radisson Vellore — in Vellore, Tamil Nadu. “This opening underscores our strategy of being a first mover in tier-III cities like Vellore, where rich cultural heritage meets a growing economic landscape. This approach allows us to cater to diverse travellers […]
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GCCs lead Chennai’s office leasing which was recorded at 8.1 mn sq ft in 2024
Chennai recorded office transaction volumes of 8.1 mn sq ft in 2024 while new office completions were recorded at 2.1 mn sq ft. Global Capability Centres (GCCs) dominated the market share in the city in 2024, constituting 39 per cent of total transactions of 3.2 mn sq ft. In 2024, Chennai’s rental rates soared to […]
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Bengaluru dominates commercial office-leasing space with 18.1 msft in 2024: Knight Frank India
Bengaluru continued its dominance in the Indian commercial office market with 18.1 million square feet (msft) absorption in 2024. This accounted for one-fourth of the overall office transaction volumes across the top eight cities in 2024, according to Knight Frank Report. Following Bengaluru, the National Capital Region (NCR) recorded 12.7 msft, recording a 25.3 per […]
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Home sales, office leasing see new highs in 2024
Residential sales in the top 8 cities of India was a little over 3.5 lakh units in 2024, up 7% on year, according to Knight Frank India. Launches of new houses rose 6% to over 3.7 lakh units. Home sales were at a 12 year high. The growth in sales was led by Kolkata, Ahmedabad, Hyderabad […]
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TARC reports presales of ₹1,165 cr in Q3FY25, 1000% growth!
TARC Limited, a Delhi-based luxury real estate developer, reported presales of ₹1,165 crore in the third quarter of fiscal year 2025, marking a year-over-year growth of approximately 1000 per cent. The company’s collections for Q3 stood at ₹181 crore, according to a regulatory filing on January 6. The shares of TARC Limited were trading at […]
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Macrotech Developers Q3 sales up 32% at ₹4510 cr, best ever pre-sales growth
Macrotech Developers sold houses worth ₹4510 crore in the December quarter, up 32 per cent on year, while it cut its debt to ₹4320 crore with collections rising 66 per cent. In an exchange filing the company said it collected ₹4290 crore in the quarter that helped it to reduce its debt by ₹610 crore. […]
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MGM Healthcare expands in Chennai with land purchase from Shriram Properties
MGM Healthcare Private Limited, a large healthcare and educational group, continues to expand its presence in South India by acquiring a 3.9-acre land parcel from Shriram Properties Limited (SPL) in Chennai, sources said. The deal value is ₹93 crore. Both companies declined to comment. Shriram Properties, through its wholly-owned subsidiary SPL Shelters Private Limited, owned […]
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Brigade Group acquires land in Bengaluru for ₹2,700 crore residential project
Bengaluru-based Brigade Group has signed a definitive agreement for a land parcel located on Whitefield-Hoskote road. The residential project planned on this land is expected to have a gross development value (GDV) of nearly ₹2,700 crore. The 20-acre land parcel has been acquired through Brigade’s subsidiary, Ananthay Properties Private Ltd., at a total cost of […]
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Kalyan Developers introduces A Different Story – 25 super luxury sky mansions with Vembanad Lake views near Kochi
Building a new benchmark in super-luxury living, Kalyan Developers has announced the launch of its 25th project in Thevara near Kochi. The project called ‘A Different Story’ offers luxury and exclusivity and gives an uninterrupted view of the Vembanad Lake. It will have only 25 super luxury sky mansions—each spanning an expansive 10,000 to 11,000 […]
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