Explore Business Standard
Realty
Realty firm Central Park Estates will invest Rs 2,000 crore to develop a luxury housing project in Gurugram as part of its expansion plan. Central Park, owned by The Bakshi Group of Enterprises, which has presence in real estate, infrastructure, hospitality and automotive industries, has launched a new project 'Delphine' in Sector 104, Dwarka Expressway. The company will develop six towers in this project, spread across 7.85 acres, in three phases. In a statement on Monday, the company said the total investment would be Rs 2,000 crore through internal accruals and bank loans. The construction will start in 2026, and the project is expected to be completed by 2032. The development will be executed in three phases with an estimated sales realisation of Rs 3,500 crore, it said. Amarjit Bakshi, Chairman and Managing Director, Central Park, said, "Our entry into Dwarka Expressway is a step towards developing Gurugram's next luxury hub, where infrastructure, design and investment pote
Prestige Estates Projects Ltd targets about Rs 2,000 crore revenue from its new residential project in Mumbai. In a regulatory filing on Tuesday, the company said it has launched a new residential project - 'Prestige Garden Trails' located at Dahisar-Mira Road corridor on the Western Express Highway in Mumbai. Spanning across 5.2 acres, the project offers a total carpet area of about 10 lakh sq ft, comprising 1,324 units, with a Gross Development Value (GDV) of about Rs 2,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said: "Mumbai continues to be one of our key focus markets." The upcoming project reflects the company's confidence in the strong demand for quality mid-segment housing in the Mumbai Metropolitan Region (MMR). Recently, Prestige Estates launched 620 flats for sale in Ghaziabad with an estimated revenue of Rs 2,200 crore, as part of its strategy to expand business amid strong demand for premium residential properties. Founded in 1986, Pres
Private equity investment into the Indian real estate sector fell 32 per cent during the July-September period to USD 1.5 billion, according to Savills India. The inflow stood at USD 2.2 billion in the year-ago period. In a statement on Thursday, real estate consultant Savills India said the private equity (PE) inflows in the office assets stood at USD 0.6 billion or 39 per cent of total inflows, followed closely by data centres (38 per cent). The residential segment accounted for 20 per cent of the PE investments. During the January-September period of this calendar year, the PE inflows have touched USD 3.9 billion. The PE inflow stood at USD 4.3 billion in 2024 calendar year, USD 3.9 billion in 2023, USD 3.4 billion each in 2022 and 2021. During 2020 calendar year, the PE investments stood at USD 6.6 billion. "While institutional investments have moderated since the 2020 peak, 2025 inflows remain broadly stable, reinforcing India's sustained appeal as a long-term real estate ..
Realty firm Saya Group has formed a joint venture to develop a luxury housing project in Ghaziabad and will invest Rs 550 crore in the construction of 264 flats. The company has partnered with Harmony Infra to launch an ultra-luxury residential project 'The Horizon Residences' at Indirapuram in Ghaziabad. "We have around 2-acre of land in Indirapuram. We have formed a joint venture to develop a luxury housing project comprising 264 units," Saya Group MD Vikas Bhasin told reporters here. He said the company will sell homes in a price range of Rs 6 crore to Rs 8.5 crore. Asked about project cost, Bhasin said the total investment will be around Rs 550 crore, excluding the cost of the land that it bought in 2018. "We are expecting around Rs 1,600 crore sales revenue from this project," he said, adding that the total saleable area is around 12 lakh square feet. The company has obtained RERA and other statutory approvals to launch this project. Bhasin said the company has already sold
Leasing of retail spaces in shopping malls and prominent high streets rose 45 per cent in July-September across eight major cities on better demand for retailers and fresh supply, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield on Wednesday released the 'Retail Marketbeat Report, which showed that the gross leasing volume (GLV) increased to 2.41 million square feet across the top 8 cities during the July-September quarter against 1.66 million square feet in the year-ago period. "India's retail sector continues its growth trajectory, driven by evolving consumer preferences and growing demand for quality retail spaces," said Gautam Saraf, Executive Managing Director - Mumbai & New Business at Cushman & Wakefield. As per the data, leasing of retail spaces in Mumbai more than doubled to 0.59 million sq ft from 0.22 million sq ft . Pune too saw 85 per cent growth in leasing to 0.33 million sq ft from 0.18 million sq ft. In Delhi-NCR, leasing ..
Realty firm Tata Housing on Wednesday said it has sold homes worth over Rs 1,000 crore in a new residential project in Bengaluru on strong demand. In a statement, the company said that Tata Housing Varnam Phase I, which is part of an over 135-acre integrated township 'Carnatica' in North Bengaluru, has crossed Rs 1,000 crore in sales since the launch that took place in August 2025. Since its launch, Varnam Phase I, spread over 20-acre, has recorded sales of 377 units out of 582 apartments and 48 townhouses and row houses. Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Ltd, said, Bengaluru's premium housing market is evolving, and our strategy is to anticipate that change: creating integrated townships that balance lifestyle, sustainability, and long-term value." Sarthak Seth, SVP & Chief Sales and Marketing Officer, Tata Realty & Infrastructure Ltd, said, "Our omni-channel approach helped us reach relevant audiences efficiently while ensuring a consistent brand ...
Realty firm NeoLiv has acquired a 17.5-acre land in Mumbai region and will invest Rs 150 crore to develop a housing project. In a statement on Thursday, the company said it has acquired the land at Khopoli in Mumbai Metropolitan Region (MMR) but did not disclose the land cost. "We will develop a housing project on this land comprising around 180 plots. The total project cost will be Rs 150 crore," NeoLiv founder and CEO Mohit Malhotra said. The company will also develop villas in this project. Malhotra said this will be the company's third project. The company said that Panvel-Khalapur-Khopoli belt is an upcoming location in the MMR because of the improved connectivity. In June this year, Mumbai-based NeoLiv had announced sale of all 263 plots in its first project 'NeoLiv Grand Park' at Kundli-Sonipat, Haryana, for over Rs 300 crore. The company had also bought a 12-acre land at Alibaug near Mumbai to develop a luxury housing project with a sales potential of Rs 400 crore. NeoL
Indian real estate sector witnessed deals worth USD 2.5 billion during the first half of this year, a fall of 8 per cent annually, according to Grant Thornton Bharat. In its report 'Real Estate Q2 2025 Dealtracker', Grant Thornton Bharat said the number of deals has increased in the January-June period, but the overall value has dropped. The real estate deals include Initial Public Offering (IPO) and Qualified Institutional Placement (QIP). "In the first half of the year, the Indian real estate sector recorded 45 transactions, including IPO and QIP, valued at USD 2.5 billion, compared to 40 deals worth USD 2.7 billion in H1 2024. While volume increased year-on-year, the overall deal value dropped by 8 per cent," Shabala Shinde, Partner and Real Estate Industry Leader at Grant Thornton Bharat, said. She noted that the data for the first half of this year reflects a sector recalibrating for long-term strength. "While overall deal values moderated, institutional capital continues to