Real Estate

A consumer commission has held that builders cannot invoke force majeure when their own failure to comply with regulatory requirements contributed to a project's delay

India's 28 big listed real estate firms' collective sales bookings fell 21 per cent to nearly Rs 40,000 crore in the latest June quarter due to lower volumes, as some big developers refrained from launching housing projects amid global economic uncertainties. According to data compiled from investor presentations, total combined sales bookings, or pre-sales, of the 28 major listed real estate companies stood at Rs 39,964 crore in the first quarter of 2026-27 compared to Rs 50,900 crore in the year-ago period. The housing segment contributed the bulk of the sales booking numbers. Godrej Properties became the largest listed real estate developer in terms of sales bookings. The company sold properties worth Rs 8,651 crore in the June quarter against Rs 7,082 crore in the year-ago period. Out of 28, 19 developers have reported growth in pre-sales. They are Godrej Properties, Lodha, Sobha, Max Estates, Puravankara, Kalpataru, Embassy Developments, Mahindra Lifespace, Raymond Realty, ..

A court in southern China's Guangzhou said Friday it had accepted a bankruptcy liquidation case against Evergrande's mainland Chinese property development unit

AI-led hiring and workforce uncertainty are boosting demand for flexible offices, as enterprises favour scalable workspaces and GCC expansion drives leasing activity

Over 150 million sq ft of office space is expected to become REIT-eligible by 2031, potentially increasing the sector's asset value from nearly $33 billion to over $50 billion

Bagmane Prime Office Reit plans to nearly double its portfolio in seven to eight years, backed by a 47.2-msf sponsor pipeline and strong GCC-led office demand.

Parandekar joins from Alpha Alternatives and will spearhead the developer's next phase of growth, business expansion, operational excellence and institutional strengthening

Capital inflows stood at $3.5-4 billion in H1 2026, while healthy premium housing demand, GCC-led office leasing and stronger developer balance sheets supported the sector

Real estate developers and investors have committed investments of more than Rs 13,000 crore since January last year to build senior living homes, according to Colliers. These investments will materialise during the next 3-4 years. Real estate consultant Colliers India mentioned that the senior living segment is likely to see significant supply addition of close to 75,000 units over the next few years supported by strong capital commitments from leading real estate developers, senior living operators and investors alike. "Over Rs 13,000 crore of investments have been announced since 2025 and are likely to be deployed towards development of senior living projects over the next 3-4 years," it said. The senior living segment is witnessing rising traction in strategic partnerships with healthcare service providers. Select institutional investors are increasingly forming joint venture platforms with real estate developers to build homes for senior citizens. "India's senior living marke

Office, retail sectors lead charge; experts say moderate Q2 performance may not affect Dubai's growth prospects

Bengaluru recorded 10.7 per cent year-on-year rental growth, followed by Delhi-NCR at 7.6 per cent and Mumbai at 4 per cent, as occupier demand remained healthy

The six listed Reits manage more than 214 million sq ft of Grade A office and retail space, with gross assets under management of over Rs 3.17 trillion in Q1 FY27

Analysts, however, said the quarter's performance did not point to a structural weakening in housing demand, with customer response remaining healthy for projects launched during the quarter

Realty firm Lodha Developers Ltd plans to launch 21 housing projects by March next year with an estimated revenue potential of Rs 24,000 crore, as it looks to expand business amid strong demand. During the first quarter of this fiscal year, Lodha Developers launched only one housing project in Mumbai Metropolitan Region (MMR) comprising 4 lakh sq ft area and revenue potential of Rs 330 crore. According to its latest investors presentation, Lodha Developers has a strong launch pipeline for the remaining three quarters of this fiscal year. It will launch seven new housing projects across MMR, Delhi-NCR, Pune, and Bengaluru with a total area of 5.9 million sq ft and a total revenue potential of Rs 9,850 crore. The company will also launch new phases in 14 existing projects totalling 9.7 million sq ft area, with a total revenue potential of Rs 14,210 crore, the presentation said. These launches will help the company in meeting the Rs 24,000-crore sales bookings target for the current

Distressed homebuyers of crisis-hit Unitech Ltd have expressed concern over a lack of funds to complete stalled projects and demanded that the unsold assets of the realty firm should be auctioned to expedite construction works. Five associations, representing thousands of property buyers of Unitech Ltd, also sought that a new Chairman and Managing Director (CMD) should be appointed soon to run the company as the post is vacant from nearly one month. In 2020, Unitech's board was superseded by the central government on the Supreme Court's direction. The Ministry of Corporate Affairs proposed the constitution of a new board, which was approved by the apex court on January 20, 2020. Unitech Ltd is facing a huge cash crunch, resulting in significant delays (over 15 years) in the deliveries of its housing and commercial projects, primarily in Delhi-NCR. Around 15,000 customers are stuck in various projects of the company. As many as five associations have issued statements urging the ...

Realty firm Brigade Enterprises Ltd's sales bookings fell 5 per cent to Rs 1,061 crore during the first quarter of this fiscal on lower volumes. Its sales bookings or pre-sales stood at Rs 1,118 crore in the year-ago period. In its latest investor presentation, the company said it achieved pre-sales of Rs 1,061 crore with a volume of 0.74 million sq ft in the April-June quarter of the 2026-27 fiscal. The sales volumes dropped 22 per cent from 0.94 million sq ft in the first quarter of the last financial year. However, the average sales realisation stood at Rs 14,256 per sq ft during the June quarter, a growth of 21 per cent over the year-ago period. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country. Recently, the company reported a 37 per cent increase in its consolidated net profit to Rs 216.94 crore for the quarter ended June. Its net profit stood at Rs 157.95 crore in the year-ago period. Total income fell to Rs 1,179.22 crore in

Puravankara's revenue from operations rose 61.84 per cent Y-o-Y to Rs 848.72 crore, while its Ebitda margin expanded to 25 per cent from 15 per cent a year ago

Credai NCR has urged regulators to implement the Centre's advisory granting a four-month extension to eligible projects amid West Asia-linked supply chain disruptions

Developers say proposed changes in FAR, redevelopment and transit-oriented development could unlock additional capacity and make infrastructure access a key valuation driver.

Realty firm Shriram Properties has reported a 46 per cent decline in consolidated net profit to Rs 11.04 crore for the quarter ended June 30, mainly on higher expenses. The company's net profit stood at Rs 20.59 crore in the year-ago period. Total income, however, rose marginally to Rs 271.04 crore in the first quarter of this fiscal from Rs 261.54 crore in the corresponding period of the preceding year, according to a regulatory filing on Wednesday. The company's operational expenses and tax outgo increased during the April-June quarter while it also posted a loss in joint venture projects. On operational performance, Shriram Properties posted a 10 per cent increase in sales bookings to Rs 484 crore during the first quarter of this fiscal. "We have commenced FY27 on a strong note, with robust operational performance and encouraging customer response to our new launches across Chennai and Kolkata," Murali M, Chairman and Managing Director of Shriram Properties, said. With a healt