Page 5 - Prachi Pisal

AI data centres likely to be real-estate sector's next growth pillar

AI-led data centre investments are creating a long-term growth opportunity for real estate developers, though earnings gains are likely to materialise gradually.

Oberoi Realty's Q1 FY27 profit up 29% on higher revenue, misses estimates

The Mumbai-based real estate developer reported a 29 per cent rise in quarterly profit on higher revenue, while both profit and revenue came in below Street estimates

Cidco signs 60-year lease pact with Today Royal Developers for ₹177 crore

The Navi Mumbai plot in Nerul, secured through Cidco's e-tender process, will be developed for residential and commercial use under a 60-year lease agreement

Sanjay Ghodawat Group, Nordstar launch ₹5,000 cr GDV real estate platform

The joint venture, NEVORA, will develop residential and commercial projects across Mumbai and Bengaluru, targeting a gross development value of Rs 5,000 crore over the next few years

Blackstone launches APAC infrastructure platform, appoints India infra head

Alternative asset manager launches Blackstone Infrastructure Partners in Asia Pacific and appoints former KKR executive Ami Momaya as its first dedicated infrastructure hire in the region

Prestige Q1 pre-sales fall to ₹6,579 crore as sales volume drops 37%

Prestige Estates' residential pre-sales declined on a strong year-ago base, though collections rose 6.2 per cent and Hyderabad contributed nearly half of quarterly sales

Brigade Enterprises to raise ₹1,500 crore through private NCD issue

Brigade Enterprises' board has approved raising Rs 1,500 crore through privately placed non-convertible debentures and Rs 180 crore via convertible warrants

Cube Highways Trust sets Rs 151-152 IPO band; issue opens July 22

Cube Highways Trust has fixed the price band for its Rs 5,000 crore IPO at Rs 151-152 per unit, with the infrastructure investment trust set to open its issue on July 22

Raymond Realty enters South Mumbai with ₹8,500-crore Parel project

Raymond Realty has entered the South Mumbai housing market with an Rs 8,500 crore Parel project under a joint development agreement, with a peak investment of about Rs 700 crore

Adani Properties biggest gainer in 2026 Grohe-Hurun India Real Estate 150

Adani Properties added Rs 38,000 crore in valuation to become India's fourth-most valuable real estate company, while DLF retained the top spot despite a decline

Q1 results preview: Cement makers build on volumes, hit margin wall

Strong infrastructure demand and a favourable base are expected to drive Q1 FY27 cement volumes, but rising fuel and input costs may weigh on margins despite better realisations

Nuvoco Vistas' Q1 profit rises 20% on higher revenue, lower finance costs

Nirma Group-promoted cement maker reports record quarterly Ebitda as revenue growth, operational efficiencies and lower finance costs lift first-quarter earnings

Dubai housing sales decline 16% in H1 2026, prices rise 6%: Anarock

Residential transactions declined from a year earlier, but average prices rose 6 per cent as Dubai's property market remained resilient despite geopolitical tensions in the West Asia

EAAA Alternatives bags ₹2,259 cr NHAI toll road assets under TOT programme

EAAA Alternatives has signed concession agreements with NHAI for two toll road stretches in Tamil Nadu under TOT Bundle 19, expanding its infrastructure platform to 26 road assets

Puravankara's Q1 FY27 pre-sales rise 28% to ₹1,439 crore on higher demand

The Bengaluru-based real estate developer reported a 40 per cent rise in collections and an 18 per cent increase in average price realisation, while reaffirming its FY27 sales guidance

India's cargo voyage now faces rougher waters inland, say experts

With cargo volumes rising steadily, industry experts say India's next logistics challenge lies beyond ports, requiring stronger hinterland connectivity and multimodal evacuation systems

Mumbai Metro One signs NARCL restructuring pact, clears insolvency hurdle

The Reliance Infrastructure subsidiary has signed a debt restructuring agreement with NARCL, reducing its debt by over Rs 1,100 crore and paving the way for the withdrawal of insolvency proceedings

Cement cos seen posting healthy volume growth in Q1; margins under pressure

Strong infrastructure demand and a favourable base are expected to lift cement volumes in Q1 FY27, but higher fuel and input costs are likely to keep profitability under pressure

Dharavi redevelopment project: Maharashtra steps up land consolidation

Maharashtra has stepped up land consolidation for the Dharavi Redevelopment Project, issuing lease termination notices while assuring rehabilitation for eligible residents

Mumbai coastal micro-markets eye ₹6,000 cr redevelopment pipeline: JLL

Mumbai's coastal luxury housing pipeline has reached ₹6,000 crore, with new waterfront redevelopment projects set to benefit from major infrastructure upgrades