Page 2 - Housing Projects

Torrent Electricals to invest over ₹1,000 cr in housing wire segment

Torrent Electricals on Tuesday said it plans to invest over Rs 1,000 crore in its newly-launched housing wire vertical over the next few years to expand manufacturing capacity and distribution network. A new entrant in the fast-growing segment, driven by rising power demand including renewables, the company recently rolled out its products in Gujarat and plans to expand to other states in subsequent phases. According to industry reports, the domestic wire and cable market size is estimated at USD 21.22 billion in 2025 and is projected to grow to USD 32.85 billion by 2030, at a compound annual growth rate (CAGR) of 9.14 per cent during 2025-2030. "The company will invest over Rs 1,000 crore in this segment over the next few years, with allocations across manufacturing expansion, quality assurance systems, distribution networks, and brand-building initiatives," Sachin Phartiyal, CEO, Torrent Electricals, said in a statement. The expansion into housing wires is a part of the company's

Delhi NCR-based Nimbus Group to invest ₹1,100 cr in stalled luxury project

Nimbus Group will invest Rs 1,100 crore to revive the stalled Arista Luxe Phase II project in Noida, aiming for completion by 2029 and offering luxury apartments priced between Rs 4-6 crore

DLF's comeback project in Mumbai sees ₹2,300 cr sales in first week

Success in Mumbai is a bigger statement than the Gurugram project

DLF-Trident Realty JV sells all 416 flats in Mumbai project for ₹2,300 cr

India's largest realty firm DLF Ltd and Trident Realty have sold all 416 flats for around Rs 2,300 crore in a luxury residential project in Mumbai on high demand. In a regulatory filing on Friday, DLF said that the entire 416 units launched in the first phase of 'The Westpark' project has been sold for Rs 2,300 crore in less than a week. DLF arm DLF Home Developers Ltd is developing this project at Andheri West in partnership with Trident Realty. "Our entry into Mumbai represents a significant strategic milestone for DLF," said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. "Mumbai has always been a key component of our national growth strategy, and with the launch of The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," he added. DLF and Trident Realty will invest around Rs 900 crore to develop this luxury housing project at Andheri (West). The company launched the fir

Signature Global to invest ₹2,200 cr on new housing project in Gurugram

Realty firm Signature Global will invest around Rs 2,200 crore to develop a new housing project in Gurugram to expand business and achieve over 20 per cent growth in its pre-sales this fiscal year. The company has recently launched a premium residential project, 'Cloverdale', comprising 770 apartments, on Southern Peripheral Road (SPR), Sector 71, Gurugram. Signature Global emerged as the fifth largest listed real estate developer last fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore. The Gurugram-based company has given a guidance of posting Rs 12,500 crore worth pre-sales in the current fiscal. "We have launched a new housing project in Gurugram. Housing demand continues to be strong in this city, especially for reputed builders," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. The company is selling homes in a price range of Rs 4 crore to Rs 7 crore in this project, which is spread over 8 acres and is part of an overall 22-acre ...

Brigade Enterprises targets Rs 2,100 cr from new housing project in Chennai

Realty firm Brigade Enterprises is targeting a revenue of Rs 2,100 crore from its new housing project in Chennai. The company has launched a 14.7-acre project Brigade Morgan Heights, located along the Sholinganallur-Medavakkam road in Chennai, comprising 1,250 units. The gross development value of this project is about Rs 2,100 crore, the company said in a regulatory filing on Saturday. The project, which has a total development potential of 2.2 million (22 lakh) square feet, will be developed under a joint development agreement (JDA). Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high-quality residential developments in upcoming urban corridors". Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City.

Hiranandani Communities launches ₹1,100 cr residential project in Panvel

The project, named The Arena, is premium residential development located within Hiranandani Fortune City, Panvel. Spanning over 10 acres, it will comprise eight towers and more than 1,700 residences

Emaar India to invest ₹400 crore in luxury housing project in Lucknow

Realty firm Emaar India will invest Rs 400 crore to develop a housing project in Lucknow as part of its expansion plan. Emaar India, which is part of Dubai-based Emaar Properties, on Monday launched its high-rise residential project 'Elite Oasis' at Gomti Nagar Extension in Lucknow, the capital of Uttar Pradesh. The project, spread over 2.923 acres, will have 194 units. The price range is Rs 2.75 crore to Rs 4.15 crore. "The total investment for the project is Rs 400 crore," the company said in a statement. "Emaar is known for its world-class architecture and skyscrapers. In Lucknow, Emaar is going to utilise this expertise to launch our first group housing project for the people of Lucknow, who are aspiring for a world-class lifestyle," Kalyan Chakrabarti, CEO of Emaar India, said. Emaar India is developing projects in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur.

Golden Growth, Grovy to fund Rs 180 cr in 3 housing project in South Delhi

Golden Growth Fund (GGF) and realty firm Grovy India will invest Rs 180 crore to develop three housing projects in South Delhi. The GGF is a category II real estate-focused Alternative Investment Fund (AIF), which invests in South Delhi projects. "The investment has been made in Anand Niketan and Neeti Bagh, while the third project, in another Category A colony in South Delhi, is expected to come up in the next four months," a company statement said. The cumulative area of the three projects is about 70,000 square feet. The construction on the project in Anand Niketan commenced in January 2025, while the same in Neeti Bagh will begin next month. The sales potential of the three projects is in the tune of approximately Rs 240 crore. Ankur Jalan, CEO of Golden Growth Fund, said, These investments in South Delhi reiterate our commitment to developing and delivering not just high-quality projects but also ensuring a safe and stable 20 per cent + IRR to our investors." The non-volatil

Adore Group to invest ₹800 crore in premium housing project in Faridabad

Realty firm Adore Group will invest around Rs 800 crore to develop a luxury housing project in Faridabad. In a statement on Monday, the company said it has launched a ultra luxury project 'The Select Premia' in Sector-76, Faridabad. Spread across 5.47 acres of land, the project will have 190 apartments. The Group had bought land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in 2023 through auctions. The project cost will be about Rs 800 crore, including land, construction and other expenses, the company said. Jetaish Gupta of Adore Group said that, "Faridabad is at an interesting juncture of growth and evolution. The economy is thriving backed by a surge in IT and manufacturing industry." Adore Group has completed 17 projects, largely housing, Faridabad and Gurugram. According to data analytics firm PropEquity, Delhi-NCR housing market saw a 63 per cent year-on-year increase in sales to Rs 1.53 lakh crore during the 2024 calendar year.

Elan Group awards Rs 1,100 cr contract to Leighton Asia in Gurugram

Realty firm Elan Group has awarded a contract worth Rs 1,100 crore to Leighton Asia to develop a luxury housing project in Gurugram. Leighton Asia is part of the Australian CIMIC Group. In a statement on Thursday, the company said it awarded the construction contract for its ultra-luxury residential development, 'Elan The Emperor' located in Sector 106, Dwarka Expressway, Gurugram. The project is part of Elan Group's 50 acre, integrated township. The contract covers nearly 5 million sq. ft. of built-up area. Elan Group had earlier awarded contracts worth 1,800 crore to construct other projects. Rakesh Kapoor, Chairman, Elan Group, said, " Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level." Brad Davey, Managing Director, Leighton Asia, said, "With more than two decades of on-the-ground experience in India, Leighton Asia takes pride in setting new benchmarks for quality and ...

With 8 housing schemes, Rajasthan lays bricks to bridge shelter divide

Under the scheme, 80 flats for the high-income group will be constructed in Ganga Apartment, located in Sector 26 of the Pratap Nagar Housing Scheme in Jaipur's Sanganer

Macrotech acquires 10 land parcels in FY25 for Rs 24K cr housing projects

Real estate firm Macrotech Developers acquired 10 land parcels last fiscal to develop housing projects with a total sales value of nearly Rs 24,000 crore, as it seeks to expand business amid strong demand. Listed entity Macrotech Developers, which sells properties under Lodha brand, had given a guidance for 2024-25 that it would be acquiring land parcels having a revenue potential of Rs 21,000 crore. To expand its business, the company acquires land parcels outright as well as forms partnerships with landowners to develop housing projects. In its latest operational update, Macrotech Developers said it has acquired two new land parcels in Pune with GDV (gross development value) of Rs 4,300 crore. During the full 2024-25 fiscal, the company acquired 10 land parcels with around Rs 23,700 crore of GDV across MMR (Mumbai Metropolitan Region), Bengaluru and Pune, surpassing its full year guidance of Rs 21,000 crore. Out of the total 10 land deals, the company did not mention the numbe

Godrej Properties sells homes worth ₹1,000 cr in Gurugram luxury project

Company says it will strengthen its presence in 'extremely important market' of Gurugram

Primus launches B'luru's 1st multi-generational community 'Primus Sangama'

A multi-generational community is typically designed for children, adults, and seniors to coexist while maintaining independent lifestyles

Housing Price Index in NCR rises 17 points in Dec on high demand: Report

Housing Price Index (HPI) in Delhi-NCR increased 17 points in December last year compared to September on high demand, according to Housing.com and ISB report. The Housing Price Index (HPI), a joint initiative by online real estate advisory platform Housing.com and the Indian School of Business (ISB), tracks changes in the selling prices of new residential properties over time. As per the report, "property prices have shown a dramatic rise in the National Capital Region as reflected in the HPI reading of 195 points in December 2024". The average price in Delhi-NCR is Rs 8,105 per square feet. "The HPI reading for NCR showed a 17-point jump in December when compared to the reading seen in September. The price rally is primarily being fuelled by the demand for larger premium properties," the report said. Housing.com and ISB said that the prices are likely to continue to rise in Delhi-NCR. Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com, said, "Firming up prices tells a story

DLF to invest ₹20,000 cr in housing projects, eyes ₹43k cr surplus cash

Real estate major DLF Ltd will invest around Rs 20,000 crore over the next few years to complete the construction of its already launched residential projects. DLF will generate around Rs 43,000 crore of total surplus cash potential from the launched projects. In a corporate presentation uploaded on stock exchanges' website on Friday, DLF shared the growth strategy of its development (housing) business and annuity business, which is building rent-yielding commercial projects. As per the presentation, the "total pending cost to complete all launched projects" is around Rs 20,000 crore. In the last few years, DLF has launched many housing projects in Gurugram, including the ultra-luxury project 'The Dahlias', which has a revenue potential of around Rs 35,000 crore. DLF also informed that the company had Rs 9,000 crore cash balance at the end of the December quarter and the customers receivables from housing units sold stood at Rs 30,000 crore. The estimated cash surplus from invent

India, World Bank may ink $500 million deal for rural housing project

"SHIELD is designed to make rural housing cooler, more energy efficient, and more disaster resilient," another government official said

Signature Global targets zero net debt by FY26 on strong sales: Chairman

Realty firm Signature Global is targeting to achieve zero net debt during the next fiscal year on healthy internal cash flow supported by strong consumer demand for its residential projects in Gurugram. The company has reduced its net debt in the October-December quarter to Rs 740 crore, from Rs 1,020 crore at the end of the second quarter of this fiscal year. "We will achieve zero net debt during the next financial year," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the company has reduced its net debt significantly and would continue to do so. Signature Global net debt stood at Rs 1,160 crore at the end of the 2023-24 financial year. Aggarwal said the housing demand continues to be robust in Gurugram although he agreed that the "frenzy" witnessed during the past few years has subsided to some extent. He said the company would focus on a price bracket of Rs 2-5 crore per unit. "In this price bracket there is a huge demand but limited supply." On an operati

Godrej Properties bought 12 land parcels in Apr-Dec 2024: Pirojsha

Godrej Properties acquired 12 land parcels during April-December period of this fiscal to develop housing projects worth Rs 23,450 crore, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand. Godrej Properties acquires land outright and also partners with landowners, under new business development. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the "business development was very strong during December quarter". The company signed new projects with a total booking value potential of nearly Rs 11,000 crore during the third quarter of this fiscal, he said, adding the business development crossed Rs 23,000 crore during April-December. "We had guided for Rs 20,000 crore, so we've already crossed full year guidance for business development," Pirojsha said. In its latest investors presentation, Godrej Properties informed that the company has added 12 projects with a total estimated saleable area of 169 lakh .