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Realty firm Hawelia Group on Sunday said it will invest Rs 770 crore to complete a 22-acre stalled housing project in Greater Noida, with the company getting nod from the Uttar Pradesh Real Estate Regulatory Authority. Hawelia Group's takeover of this stalled project will benefit more than 2000 homebuyers whose investments have been stuck for many years. Delhi-NCR-based Hawelia Group had, in 2023, entered into an understanding with the existing promoter of the stalled project of SJP Infracon's 'Shri Radha Sky Gardens' for completion of this project. The company had approached the Uttar Pradesh government, seeking approval to become a co-promoter in this stuck project. In a statement, Hawelia Group said it has received approval from UP-RERA to complete this project. "Hawelia Group will invest Rs 770 crore to complete this project and aims to complete all 2,064 residential units within the stipulated timeline," the company said. The project is expected to be completed in 42 to 48 .
Realty firm Signature Global Ltd has reduced its net debt by 77 per cent in the last fiscal to Rs 200 crore on better cash flow. According to its latest operational update, Signature Global's net debt was Rs 200 crore at the end of 2025-26 against Rs 880 crore as of March 31, 2025. "The company has Rs 2,770 crore of cash and cash equivalents as of March 31, 2026, which enables a very strong balance sheet position to strategise our foreseeable future," the company said. Signature Global, which was the fifth-largest listed real estate firm in 2024-25 in terms of sales bookings, has a significant presence in Gurugram. Recently, Signature Global and RMZ group finalised their equal joint venture to develop a commercial project in Gurugram, with the latter infusing Rs 1,293 crore for a 50 per cent stake. The company would use part of this fund to pare debt. The JV will invest around Rs 7,500 crore to develop this 18-acre upcoming commercial project. Pradeep Kumar Aggarwal, Chairman of
The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to other projects of the corporate debtor. The appellate tribunal highlighted that putting all other projects of the realty firms, which are unrelated to the default, is not in the interest of homebuyers and other stakeholders of other projects. "The law is well settled that when financial creditors, homebuyers who belong to one project and who file a Section 7 application on account of default committed by the corporate debtor with respect to the project, the CIRP has to confine to the said projects," said the National Company Law Appellate Tribunal (NCLAT). A two-member NCLAT bench, while deciding an appeal by Navin M Raheja, said jeopardising unrelated projects would not serve the interests of homebuyers and stakeholders elsewhere, making clear that the corporat
The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday. The action under the Prevention of Money Laundering Act (PMLA) was launched on Friday and 10 premises of former directors, promoters and associated entities of the company -- Earth Infrastructures Ltd. (EIL) -- in Delhi and Gurugram were covered. The company, according to official records, has been undergoing a corporate insolvency resolution process (CIRP) since June 2018. According to the ED officials, the money laundering case against the former directors and promoters of the company was initiated after taking cognisance of five Delhi Police (Economic Offences Wing) FIRs, apart from a complaint filed by the Serious Fraud Investigation Office (SFIO), the investigation arm of the Ministry of Corporate Affairs. The ED
Godrej Properties Ltd on Friday reported a 16 per cent increase in its sales bookings last fiscal to a record 34,171 crore on strong demand for its housing units. In terms of sales bookings or pre-sales, Godrej Properties is likely to become the largest listed real estate firm during 2025-26. Godrej Properties had set a target of achieving Rs 32,500 crore pre-sales in the last fiscal. "FY2026 booking value grew 16 per cent YoY to Rs 34,171 crore. This was achieved through the sale of 17,515 units with a total area of 27 million sq ft, a YoY volume growth of 5 per cent. This is the highest ever full year booking value and volume announced by any listed real estate developer in India to date," Godrej Properties said in a regulatory filing. The sales bookings in Mumbai Metropolitan Region (MMR) stood at Rs 10,313 crore last fiscal, followed by Bengaluru (Rs 8,802 crore), Delhi NCR (Rs 7,410 crore), Pune (Rs 3,659 crore) and Hyderabad (Rs 2,360 crore). Gaurav Pandey, MD & CEO, Godrej
Realty firm Prestige Estates Projects Ltd's pre-sales rose 10 per cent to Rs 7,697 crore in the fourth quarter of the last fiscal on better demand for its housing properties. According to its latest operational update, the company's pre-sales or sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. Irfan Razack, Chairman and Managing Director, said the company has closed FY26 on a strong note, with steady sales momentum through the last financial year and a good finish in the fourth quarter. "Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers," he said. Razack said the company has a robust pipeline of upcoming launches across geographies and hence optimistic about sustaining this momentum during the current fiscal. Prestige Estates said the sales momentum remained consistent across both new launches and ongoing inventory,