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New Consolidated Construction Company Ltd (NCCCL) has bagged a Rs 112.5 crore contract from realty firm Lodha Developers. In a statement on Monday, the company said it has received a Letter of Award from Lodha Developers Ltd for the construction of Tower 1 and associated non-tower ancillary structures at a residential development in Alibaug near Mumbai. "Awarded through a competitive bidding process, the mandate involves a total built-up area of approximately 7.26 lakh sq ft, with an estimated contract value of Rs 112.5 crore (exclusive of GST)," NCCCL said. Construction at the Alibaug site is expected to commence around mid-January 2026, with an estimated execution period of approximately 24 months. This is NCCCL's third contract with the Lodha Group, following the completion of a residential project at Palava spanning about 13 lakh sq ft across 11 towers, and a commercial building in Thane. Established in 1946, Mumbai-based NCCCL is an engineering and construction company. It ..
Unsold housing units rose 4 per cent to nearly 5.77 lakh units last year across seven major cities as supply of new homes exceeded demand, according to Anarock. Real estate consultant Anarock data of the primary residential market showed that the unsold housing units across seven major cities were 5,76,617 units at the end of 2025 from 5,53,073 units at the end of the preceding year. "Annually, unsold inventory in the top 7 cities rose 4 per cent by 2025-end, largely because of tapered demand and increased new supply in the year," Anarock explained. Housing sales in the top 7 cities fell 14 per cent annually to 3,95,625 units last year, while new supply rose 2 per cent to 4,19,170 units. As per the data, the unsold housing stock fell in Mumbai Metropolitan Region (MMR) and Hyderabad, but rose in Delhi-NCR, Pune, Chennai, Bengaluru and Kolkata. The unsold housing stock in Delhi-NCR rose 5 per cent to 90,455 units at 2025-end from 85,901 units in 2024. Mumbai Metropolitan Region (M
Real estate company Sobha Ltd has reported a 52 per cent increase in sales bookings to Rs 2,115.2 crore in the third quarter of this fiscal, driven by higher volumes and price realisation amid strong housing demand. Bengaluru-based Sobha Ltd sold properties worth Rs 1,388.6 crore in the year-ago period. The company has "delivered a historic quarterly performance, achieving the highest ever real estate sales value of Rs 2,115 crore...," Sobha Ltd said in a regulatory filing on Saturday. In terms of volumes, Sobha Ltd sold 13,70,340 sq ft during the October-December period of this fiscal compared to 10,16,367 sq ft in the corresponding period of the preceding financial year. The average price realisation rose to Rs 15,436 per sq ft from Rs 13,663 per sq ft. Out of the total sales, Sobha sold properties worth Rs 1,512 crore in Bengaluru and Rs 349 crore in the Delhi-NCR market. During the first nine months of 2025-26, Sobha Ltd sales bookings rose 37 per cent to Rs 6,096.7 crore fro