Housing Project

Gera to invest ₹1,100 cr in new wellness-centric housing project in Pune

Realty firm Gera Developments will invest about Rs 1,100 crore to develop a new housing project in Pune as part of its expansion plan. In an interview with PTI, Rohit Gera, Managing Director of Pune-based Gera Developments Pvt Ltd, said the company has entered into wellness-centric homes, starting with an 8-acre upcoming project in Pune. "We have roped in Bollywood actor Hrithik Roshan as brand ambassador for Gera's WellnessCentric Homes," he added. Elaborating on the first wellness-centric project, Rohit said the company will develop around 1,000 flats in the two phases of this 8-acre project. In the first phase, the company will launch around 500 units for sale, with a starting rate of around Rs 1.25 crore per unit. Asked about the project cost, Rohit said the investment would be around Rs 1,100 crore, including land. The land cost is fully paid, and the company plans to meet the construction cost from internal accruals. "We are planning to develop six more wellness-centric ho

Ashtech Group forays into real estate with ₹1,800 cr Greater Noida project

Realty firm Ashtech Group, which is into construction materials and infrastructure development, has entered into the real estate business and will develop around Rs 1,800 crore to build a luxury housing project in Greater Noida. The company's first project will be developed on a fully paid-up 5.6-acre plot, which it acquired from the authority for around Rs 300 crore, Ashtech said in a statement on Thursday. Sumit Agarwal, Director of Ashtech Group, said the company has been in allied sectors such as fly ash bricks, AAC Blocks, Ready-mix concrete (RMC), Pre-Engineered Building, large-scale infrastructure, and power infrastructure. "We believe this is the right time to extend our expertise to real estate development," he added. The company will soon launch the first phase of the upcoming project. Delhi-NCR-based Ashtech Group, which posted Rs 500 crore turnover last fiscal, plans to launch more projects in the coming years. The real estate sector has been performing exceedingly we

Case against real estate developer for ₹100 cr housing fraud in Mumbai

Police have registered a case against a real estate developer and others for allegedly defrauding homebuyers of Rs 100 crore by promising flats in Mumbai's Wadala area and diverting the funds for personal use, officials said on Thursday. The police's Economic Offences Wing (EOW) registered the case on Wednesday after the preliminary enquiry based on a complaint filed by 62-year-old Chartered Accountant Anil Dron, a resident of Kandivali in Mumbai, an official said. The accused -- real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, B P Gangar Constructions and others -- collected Rs 100 crore from 102 persons in the name of 'Sky 31' housing project in Wadala (West) since 2018, promising each a flat, he said, quoting the complaint. After collecting money from the victims, the accused allegedly conspired to divert the funds to their personal and other bank accounts instead of using them for the housing project, the official said. The accused also sold one flat t

Century Real Estate to launch ₹3,000 cr mixed-use project in East Bengaluru

The 14-acre project off Bengaluru's Outer Ring Road will feature 1.7 million sq ft of residential space with 750 apartments, plus 0.5 million sq ft of commercial and retail zones

Shriram Properties to develop ₹600 cr worth housing project in Bengaluru

Realty firm Shriram Properties Ltd has partnered with a landowner to develop a Rs 600 crore housing project in Bengaluru. In a regulatory filing on Monday, the company said it has signed a Joint Development Agreement for a 7-acre land in North Bengaluru. "The company is set to develop a premium row houses project with an estimated GDV (Gross Development Value) potential of about Rs 600 crore," it added. Shriram Properties will launch this project in the next financial year. Akshay Murali, Vice President - Business Development at Shriram Properties, said, "Yelahanka's strong infrastructure growth and proximity to the upcoming biodiversity park make it an exceptional location for premium row houses. We are confident this development will redefine the residential landscape in North Bengaluru." Shriram Properties Ltd, one of the leading real estate developers in the country, has a significant presence in Bengaluru, Chennai, Pune and Kolkata. It delivered 48 projects with a saleable a

Godrej Properties eyes over ₹10,000 cr revenue from Worli housing project

Realty firm Godrej Properties is expecting a revenue of more than Rs 10,000 crore from an upcoming housing project at Worli in Mumbai. The upcoming project 'Godrej Trilogy', spanning 2.63 acres, will feature three residential towers. In the first phase, the company will launch two towers during this quarter. In a regulatory filing on Monday, the company informed that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy, located in Worli. This is part of a joint development to redevelop a prime land parcel. "The gross estimated revenue potential of the total project is over Rs 10,000 crore," the company said. Currently, RERA approval has been obtained for two of the three proposed towers, comprising about 11 lakh square feet of saleable area in Phase 1. With approvals now in place, the first phase featuring towers named Seaturf and Seafront will be launched in

Godrej Properties acquires land in Bengaluru for ₹1,100 cr housing project

Realty firm Godrej Properties has acquired 26-acre land parcel in Bengaluru to develop a housing project with an estimated revenue of Rs 1,100 crore. Godrej Properties is one of the largest developers in the country. In a regulatory filing on Wednesday, the company informed that it has acquired a prime 26-acre land parcel in South Bengaluru, situated near Sarjapur Road. "The company plans to develop a premium residential project on this land, with an estimated revenue potential of about Rs 1,100 crore," the company said. Godrej Properties did not mention the name of the seller or also deal value. Gaurav Pandey, MD & CEO, Godrej Properties, said: "As Bengaluru continues to consolidate its position as one of India's most dynamic real estate markets, the Sarjapur Road corridor stands out as a key growth hub within the city's evolving urban fabric. The strong performance of our recent projects in this micro-market reflects the depth of demand and the trust customers have in our ...

Maharashtra plans ₹70,000 cr push to boost affordable housing by 2030

Maharashtra will invest Rs 70,000 crore under the 2025 housing policy to build 3.5 million affordable homes by 2030, focusing on Mumbai Metropolitan Region and Pune

HoABL invests ₹200 cr in affordable housing, plans 7 more sites in Mumbai

Realty firm House of Abhinandan Lodha is investing Rs 200 crore in an affordable housing project in suburban Naigaon, and looking at seven more sites to have similar developments in metropolitan Mumbai, a top company official said on Monday. HoABL chairman Abhinandan Lodha told reporters that it has started discussions on one of the sites, while the others are only identified ones. The seven sites include one near the upcoming Navi Mumbai International Airport, he added. "All these will be joint developments with people holding the land. We will look for over 20 lakh sq ft of development potential which will get delivered in about five years," the son of BJP leader Mangalprabhat Lodha who started this company in 2020, said. The Naigaon project, where it has partnered with Mittal Builders, is spread over 12 acres and will be built in two phases over the next five years, he said, adding that HoABL is investing Rs 200 crore in it. Lodha said his group which is also into plotted ...

Aaiji Group to invest ₹100 cr in affordable housing along Lothal-Dholera

Aaiji Group will invest Rs 100 crore to develop affordable residential and commercial spaces along the Lothal Dholera corridor in Gujarat over the next two years, a top company official said. The initiative comes as the region experiences strong economic growth, supported by major tourism, heritage and industrial projects, Aaiji Group Managing Director Lalit Parihar said. In the next two years, the Lothal - Dholera belt is projected to witness huge demand for residential apartments and commercial spaces, Parihar said. Dholera is home to over 100 companies and landmark projects, including Tata Electronics' USD 10.9 billion semiconductor plant, creating significant employment opportunities, he added. Our Rs 100 crore investment reflects our confidence in the corridor's potential and our commitment to deliver modern, high-quality developments for residents, businesses and investors, he said.

Western suburbs lead Mumbai's Rs 1.31 trn redevelopment boom: Knight Frank

Knight Frank India says society redevelopment projects across Mumbai will unlock 44,277 new homes by 2030, with western suburbs accounting for nearly three-quarters of supply

NeoLiv to develop ₹150 cr residential project on 17.5 acres in MMR

NeoLiv will develop a 0.36 msf premium residential community in Khopoli, MMR, featuring plotted developments, villas, and world-class amenities backed by Sebi-approved funds

NeoLiv acquires 17.5-acre land in MMR to build ₹150 cr housing project

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

DLF to invest ₹23,500 cr in ongoing housing projects in NCR, Mumbai

India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-ci

Housing price index of 13 cities rises 8 points annually in March: Report

The housing price index of 13 major cities rose by eight points year-on-year to 132 during March this year on strong demand for residential properties, according to a report by REA India and Indian School of Business. The Housing Price Index (HPI), a joint initiative between REA India's real estate classified platform Housing.com and the Indian School of Business (ISB), tracks price trends across 13 cities. These are Ahmedabad, Bengaluru, Chennai, Faridabad, Gandhinagar, Ghaziabad, Greater Noida, Gurugram, Hyderabad, Kolkata, Mumbai, Noida, and Pune. The index shows a moderate 8-point increase to 132 in March this year, as against 124 in the same month last year. However, the index remained stagnant compared to February this year. In January 2025, the index was at 131 points. "The Indian housing market is currently in a phase of healthy consolidation. After an extended period of price escalation across major cities, we are now seeing a welcome stabilisation in values. This price ..

Assetz acquires 11.5 acres in Bengaluru for ₹1,400 crore housing project

Luxury housing project on East Bengaluru's Old Madras Road to span 1.4 mn sq ft and 800 units, backed by Motilal Oswal Alternates and partnered with Vanshee Builders

Puravankara inks ₹1,000-cr JDA for housing project in East Bengaluru

The 5.5-acre joint development in Balagere will offer 0.83 mn sq ft for sale and is part of Puravankara's strategy to grow in high-demand Bengaluru micro-markets

County Group to invest Rs 1,800 cr to develop housing project in Ghaziabad

Realty firm County Group will invest Rs 1,800 crore to develop a housing project in Ghaziabad as part of its expansion plan. The company has launched new project 'Jade County', which is spread over 13.33 acres, comprising around 1,000 units. In a statement on Wednesday, County Group said that it has bought this land parcel in Wave Group's large township 'Wave City' for Rs 400 crore. The total saleable area in this project will be 30 lakh square feet. The "total investment outlay will be Rs 1,800 crore", it added. Amit Modi, Director at County Group, said the project is strategically located in Wave City along the NH24 corridor. "With swift connectivity to Delhi, Noida, and Greater Noida, and backed by infrastructure upgrades like the Delhi-Meerut Expressway and Hindon Airport, the region is fast becoming a preferred destination for premium living," he said. County Group has delivered nearly 18 million sq ft of real estate space across various projects in Delhi-NCR. It is currentl

Signature Global to invest Rs 4,000 cr in FY26 for construction projects

Realty firm Signature Global will invest around Rs 4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Gurugram, a top company official said on Monday. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company had invested Rs 1,070 crore last fiscal year to purchase 48-acre land in Gurugram, Haryana. "Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels," he said. The company is looking for lands in the Delhi-NCR market to expand its business, Aggarwal noted. "Housing demand continues to be strong from end-users as well as investors. There is a mismatch of demand-supply," he said. Asked about construction spend, Aggarwal said the investment in construction activities would be around Rs 2,500 crore in 2025-26 against Rs 1,900 crore in the preceding fiscal. He highlighted that the company perform

Prestige Group to launch housing projects worth Rs 42,000 cr in FY26

Realty firm Prestige Estates Projects Ltd will launch multiple housing projects across major cities this fiscal year with an estimated revenue of more than Rs 42,000 crore, as it looks to expand business to capitalize on strong consumer demand. According to its latest investors presentation, Bengaluru-based Prestige Estates plans to launch as many as 25 residential projects having 44.80 million sq ft of developable area, with an estimated gross development value of Rs 42,120 crore, in this financial year. These projects are lined up in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa. During the 2024-25 financial year, the company launched a lesser number of projects due to delays in regulatory approvals. Prestige Estates launched 26.28 million square feet during the last fiscal year, with a combined gross development value of Rs 26,222.8 crore. Last year, the company's sales bookings or pre-sales were affected. Prestige Estates sales bookings during the 2024-25 fiscal ..