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Godrej Properties Ltd on Monday said it has acquired 23.2 acre land in Greater Noida via auction to develop a housing project with a revenue potential of more than Rs 7000 crore. In a regulatory filing, the company informed that it has "won the bid for a 23.2 acres (93,905 square metre) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction". The auction was conducted by DMIC Integrated Industrial Township Greater Noida Ltd. Godrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of over Rs 7,000 crore". Gaurav Pandey, MD and CEO, Godrej Properties, said, "We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities". Godrej ...
Realty firm Godrej Properties Ltd on Friday said it has bought 8.5 acre land to build a housing project with an estimated revenue of Rs 2,000 crore. In a regulatory filing, Godrej Properties informed that it has acquired a 8.5-acre land parcel through outright purchase at Mahalunge, Pune. "The proposed development will primarily comprise group housing and is expected to offer a developable potential of approximately 2.1 million square feet, with an estimated revenue potential of Rs 2,000 crore," the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Pune is one of India's most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs." Godrej Properties, one of the leading real estate developers in the country, is acquiring land parcels for future developments. The company has a strong presence in Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. It has also entered the Hyderabad market recently.
State Bank of India (SBI) Chairman C S Setty on Saturday said that the bank will reassess its policy on construction finance for residential real estate, but stressed that accountability and transparency will be key factors in determining interest rates for such loans. At present, the bank has almost negligible presence in construction finance for housing projects, but it is slowly building a book on commercial real estate, especially office space. "So how do we work out on the construction (finance), particularly on the residential real estate, is something that we are working on. But it is also a fact that many of the people who have been aggressive on the residential real estate market have burned their hands," he said, while reminding realtors of past cases of failures due to overleveraging. "The stability in terms of transparency, in terms of project management, in terms of risk management, gives us some confidence....accountability is something what is going to give confidence
Realty firm Lodha Developers Ltd plans to launch 15 housing projects worth Rs 14,000 crore in the second half of the current fiscal to expand its business. Mumbai-based Lodha Developers is one of the leading real estate companies in the country. It sells properties under Lodha brand. According to its latest investors' presentation, Lodha Developers plans to launch 10 million sq ft area for sales across 15 projects during the second half of the 2025-26 fiscal. These projects are located in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru. During the first quarter of this fiscal, Lodha Developers had launched projects worth Rs 8,300 crore, while it launched projects valuing Rs 4,900 crore in the second quarter of the 2025-26. "Significant launches planned in H2 across cities, on track to meet our FY26 pre-sales guidance of Rs 21,000 crore," the presentation said. Lodha Developers' pre-sales or sales bookings rose 7 per cent to Rs 4,570 crore in the second quarter of this fi
Godrej Properties continues to be bullish about housing demand and will acquire this fiscal year multiple land parcels with a total revenue potential of around Rs 30,000 crore, a top company official said. Godrej Properties is aggressively acquiring land parcels outright and also partnering land owners to expand its business. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company's business development, which means new land acquisition, has been pretty strong during the first six months of this fiscal and the pipeline for the second half also looks attractive. Godrej Properties recently announced that the company has surpassed the business development guidance of Rs 20,000 crore for the current fiscal. Pirojsha said the company keeps business development target conservative to avoid any pressure on the internal team for land acquisitions. "Land market has heated up. But, we should do at least Rs 30,000 crore GDV (gross development value
Realty firm County Group has bought 5-acre land in Noida through auction for around Rs 475 crore to develop a housing project, sources said. The land, located in Sector 151, Noida, was acquired by the group through auction conducted by the state government, they added. County Group is planning to develop only 226 residential units in this upcoming project, with a total development area of more than 11 lakh square feet. The group delivered over 40 lakh square feet across three housing projects in 2024. In 2025, it has launched two major projects Ivory County, a 63-lakh square feet luxury project in Sector 115, Noida, and Jade County, on 30 lakh square feet in NH24, Ghaziabad. County Group is one of the leading real estate developers in the Delhi-NCR market. Land prices have surged in Noida and Greater Noida markets on the back of many infrastructure projects, including the upcoming international airport. The development authorities of Noida and Greater Noida authorities are moneti
Realty firm Ashiana Housing Ltd expects Rs 350 crore revenue from its new housing project in Jamshedpur. The Company has launched a housing project 'Ashiana Amaya' at Dobo (New Jamshedpur) to expand business amid strong housing demand. The project, spread across 3.86 acres with a saleable area of about 4.64 lakh sq ft, will be developed under a joint venture model. The upcoming project, comprising 230 homes, is expected to generate sales realisation of around Rs 350 crore. The company will sell units at a price starting at Rs 1.34 crore, according to a statement. The company will complete this project by December 2029. The investment will be funded through a mix of self-funding and customer advances. Delhi-based Ashiana Housing Ltd, one of the leading real estate developers in the country, has a portfolio of over 55 projects. It also focuses on development of senior living projects.