Page 2 - Housing Project

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 ..

Shapoorji Pallonji targets ₹ 1,400-cr sales from Gurugram housing project

Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. In October last year, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram. On Thursday, SPRE launched this new project -- The Dualis -- comprising 198 units, as part of its expansion plan to encash strong housing demand across major cities. "The project is poised to generate projected top-line revenues of over Rs 1,400 crore over the next five years," SPRE said in a statement. The project features two towers, each having a height of about 150 metre, with 198 apartments. The size of the flats ranges from 2,850 to 3,600 square feet. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate (SPRE) & Managing Director of Joyville Shapoorji Housing, said, "With 'The

Macrotech Developers to launch Rs 19k crore housing projects this fiscal

Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties. Mumbai-based Macrotech Developers, which sells properties under 'Lodha brand', is one of the leading real estate firms in the country. In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi said the company remains bullish about the growth prospects in Indian real estate sector and will keep investing to expand business. "In the last fiscal, we launched around 10 million square feet area with a Gross Development Value (GDV) of around Rs 14,000 crore spread across 24 projects," he said. Modi said the company would launch 17 housing projects in the current fiscal covering 13 million square feet area and an estimated sales booking potential of Rs 19,000 crore. These projects will be launched across MMR, Pune

Experion Developers to invest over Rs 2K cr in new Gurugram housing project

Realty firm Experion Developers will invest more than Rs 2,000 crore to develop a luxury housing project in Gurugram as part of its expansion plan, its CEO Nagaraju Routhu said. The company will develop 540 apartments in the upcoming luxury housing project 'The Trillion', which is located in Sector 48, Gurugram. "The total investment to develop this 5.5-acre project will be more than Rs 2,000 crore," Routhu told PTI. He said the company will soon start construction work and the entire project will be completed in 5-7 years. Routhu said the demand continues to be strong in the Gurugram market. In the first phase, the company is offering around 180 apartments for sale in a price range of Rs 6-8 crore. Experion Developers has delivered 9 projects in Delhi-NCR, Amritsar and Lucknow while two housing projects in Noida and Gurugram are under construction. The company is a 100 per cent FDI-funded real estate developer and wholly-owned subsidiary of Experion Holdings PTE Ltd, ...

Registration of housing properties in big cities touches 544K units in FY25

Registration of housing properties stood at 5.44 lakh units in the last financial year across eight major cities, including Mumbai, Bengaluru and Hyderabad, increasing 77 per cent since 2018-19 fiscal, according to Square Yards. Other major property markets included Navi Mumbai, Thane, Pune, Noida and Greater Noida. On Friday, real estate consultant Square Yards released a report, 'Primary Vs Secondary: Unpacking Demand Trends in India's Residential Market', which showed that primary market (first sale) share in total registration stood at 57 per cent, while secondary market (re-sale) took the remaining 43 per cent in 2024-25. The data includes residential transactions for apartments, plots and villas. In volume terms, secondary transactions rose from 1.22 lakh units in FY19 to 2.33 lakh units in FY25. During the same period, primary market transactions increased from 1.84 lakh units to 3.11 lakh units. Tanuj Shori, CEO & Founder, Square Yards, said: "The residential market has .

Sumadhura Group to invest ₹250 cr in 4 years for Bengaluru housing project

Realty firm Sumadhura Group will invest Rs 250 crore to develop a housing project in Bengaluru. In a statement on Tuesday, the company said it has entered South Bengaluru with the launch of project 'Codename Uru' located in Kenchanhalli. Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs 500 crore. The project, which is expected to be completed by December 2029, will have 297 homes across two towers of 28 floors each. The company will invest about Rs 250 crore over the next four years to develop this housing project. Madhusudhan G, Chairman & Managing Director of Sumadhura Group, said: "South Bengaluru has emerged as a vibrant growth corridor...we see this expansion as a natural step in our vision to create strategically developed and lifestyle-focused communities across Bengaluru." In the past 30 years, the company has delivered 54 projects comprising over 130 lakh square feet, and up to 400 lakh square feet area is in the pipeline. The

Mumbai's luxury realty loses sparkle as buyers slip into pause mode

Mumbai - home to industry titans, Bollywood stars - is witnessing a slow offtake of houses priced between ₹10 crore and ₹50 crore. Industry insiders and real estate watchers explained the phenomenon

Godrej Properties eyes Rs 1,350 cr revenue from Mumbai housing project

The development will offer approximately 4.4 lakh square feet of saleable area, focusing on premium residential units, with an estimated revenue potential of Rs 1,350 crore

NBCC, MAHAPREIT sign ₹25,000 cr MoU for housing, urban projects

State-owned NBCC has signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to jointly undertake housing and urban development projects worth Rs 25,000 crore in Maharashtra. In a statement on Wednesday, NBCC said it has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT). This collaboration aims to jointly undertake a wide range of consultancy, fee-based, EPC and redevelopment projects from concept to commissioning, it added. NBCC said it will be entering into redevelopment for the first time in Maharashtra after having great success in transforming the landscape of Delhi through this unique redevelopment model. Under this partnership, NBCC and MAHAPREIT will collaborate on key infrastructure projects in Maharashtra, including cluster development projects in Thane Municipal Corporation, data centres, renewable energy initiatives, slum rehabilitation projects in the Mumbai

Birla, Mitsubishi Estate ink JV to invest Rs 560 cr in new housing project

Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company

Brigade Group to invest about Rs 4,500 crore in Hyderabad project

Realty firm Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop an integrated 10-acre housing and commercial project in Hyderabad to expand the business to encash strong demand for luxury homes and premium office-retail spaces. Bengaluru-based Brigade Enterprises launched its new mixed-use project 'Brigade Gateway' on Wednesday at Neopolis Kokapet, Hyderabad. "We will develop a 45 lakh square feet mixed-use project in Hyderabad, of which around 25 lakh square feet will be luxury homes," the company's Executive Director Amar Mysore told PTI. Asked about project cost, he said the total investment in land and construction will be around Rs 4,500 crore. The investments will be met through equity, collections from customers against sales and construction finance. Elaborating on the project, Mysore said the company will build 600 flats in this project. Initially, it plans to sell half of it in a price range of Rs 4 crore to Rs 12 crore each. The company will also devel