Page 3 - Prachi Pisal

Gulf turmoil sends NRI homebuyers back to India amid luxury housing demand

Amid Gulf turmoil, NRIs are showing renewed interest in India's premium housing market, with developers reporting stronger demand for luxury homes in key cities

Puravankara signs JDA for Bengaluru project with ₹1,100 crore GDV

The 7.83-acre project near Electronic City will have about 0.89 million sq ft of saleable area and is Puravankara's fifth Bengaluru land transaction in FY27

HoABL, Nitco tie up for ₹4,500 crore Alibaug real estate project

The 40-acre development will comprise apartments, townhouses and a boutique luxury hotel, with HoABL expected to invest around ₹1,000 crore

SBI acquires Pune property for ₹414 crore for Maharashtra Circle office

The acquisition at Kharadi Knowledge Park includes leasehold rights to an 8,581-square-metre land parcel, ownership of a 15-storey building and 200 parking spaces

AI lifts demand for flexible office spaces as firms seek workplace agility

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

Bagmane Prime Office Reit aims to nearly double portfolio in 7-8 years

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.

Mahindra Lifespaces signs pact for housing society redevelopment in Chembur

The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months

Kolte-Patil Developers appoints Hrishikesh Parandekar as new CEO

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

Six listed Indian Reits distribute ₹3,136 crore to unitholders in Q1

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

Real estate sales soften on fewer launches and high base in Q1FY27

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

Puravankara posts ₹29 crore profit in Q1FY27 as revenue jumps nearly 62%

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

Bagmane Prime Office Reit eyes nearly doubling portfolio over next 7-8 yrs

Blackstone-backed Reit sees growth supported by a 47.2 msf sponsor pipeline, low leverage and potential acquisitions across India's top six office markets

Aditya Birla Real Estate's Q1 loss widens to ₹39 cr as total expenses rise

The Mumbai-based developer's Q1 FY27 revenue rose 29.74% YoY to Rs 188.85 crore, while bookings fell 22.13% and collections increased 31% YoY to Rs 713 crore during the quarter

JSW Cement posts ₹161 crore Q1 profit as revenue rises nearly 22%

JSW Cement reported a net profit of Rs 160.64 crore in Q1 FY27 against a year-ago loss of Rs 1,356.17 crore, while revenue from operations rose 21.57 per cent YoY.

Brigade Enterprises Q1 profit rises 33% on higher realisations, lower costs

Brigade Enterprises' average realisation rose 21 per cent YoY to Rs 14,256 per sq ft, while total expenses declined 17.75 per cent to Rs 936.51 crore in Q1 FY27.

Horizon Industrial Parks eyes next growth phase with ₹2,600 crore IPO

The Blackstone-backed industrial and logistics platform plans to use the fresh issue to reduce debt and support the development of its 33-million-square-foot pipeline.

Top 11 developers target ₹1.8 trillion in pre-sales for FY27: Report

Anarock expects combined bookings to rise 22.3 per cent year-on-year, supported by steady demand, new launches and higher average selling prices

Julius Baer leases 74,037 sq ft office in Mumbai for India GCC operations

The Swiss private bank's India arm has taken the Andheri East property on a 60-month lease, with a total rental outgo of Rs 102.6 crore and annual escalation of 5 per cent.

NDR InvIT plans ₹750 crore issue to fund warehousing acquisitions

The proposed offer includes a ₹450 crore fresh issue and ₹300 crore OFS, with most fresh proceeds earmarked for acquiring two warehousing assets

Table Space files DRHP with Sebi for ₹800 crore fresh issue, OFS

The managed workspace provider's IPO will also include an OFS of up to 65.48 million shares, with proceeds earmarked for debt repayment, acquisitions and corporate purposes