Page 2 - Housing Sector

Hyderabad, Bengaluru, Chennai see 47% rise in housing sales: PropTiger

Hyderabad, Bengaluru, and Chennai together have seen a 47 per cent increase in sales of residential properties during the July-September period, despite an overall marginal fall in demand across eight major cities, according to PropTiger. Housing sales in three major southern cities -- Hyderabad, Bengaluru, and Chennai -- stood at 38,644 units during the September quarter, up 47 per cent from 26,284 units in the year-ago period. Real estate consultant PropTiger, which has recently been acquired by listed entity Aurum PropTech Ltd, data showed that the sales of residential properties in Hyderabad grew 53 per cent to 17,658 units from 11,564 units. In Bengaluru, the housing sales rose 18 per cent to 13,124 units from 11,160 units. Housing sales in Chennai more than doubled to 7,862 units during the July-September period this year from 3,560 units in the corresponding period of the preceding year. Overall, India's top-eight primary housing markets (first-sale) saw a 1 per cent declin

India's housing finance sector hits home run as demand rebounds strongly

The National Housing Bank's residential housing price index (NHB Residex) showed positive momentum in the first quarter of FY26

India's housing market gets 'premium', with surging value despite sales dip

Housing sales data shows regional imbalance with Southern markets gaining, even as North and West sees dip

Chennai-based real estate firm Grand Housing files draft papers for IPO

The offering consists only of the offer-for-sale (OFS) component. The company's promoter, Vijay Surana J, will be selling about 3.55 crore of his shares with a face value of Rs 5 per equity share

Loan rates should mirror unfinished homes' higher risk, highlight gap

Requiring banks to hold more capital for under-construction loans and less after completion would make their higher risk evident through the resulting interest-rate differential

Delhi-NCR sees highest rise in housing prices among top 7 cities: Anarock

Delhi-NCR's primary housing market saw an average increase of 24 per cent annually during the July-September period due to better demand, especially for luxury homes, according to Anarock. Real estate consultant Anarock data showed that the average price of residential properties across Delhi-NCR at Rs 8,900 per sq ft during July-September from Rs 7,200 per square foot in the year-ago period. Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are major markets in Delhi-NCR. Overall, across seven major cities of India, the consultant mentioned that the housing prices rose 9 per cent to Rs 9,105 per sq ft from Rs 8,390 per sq ft. Among seven cities, Delhi-NCR saw the maximum rise of 24 per cent. Mumbai Metropolitan Region (MMR) remained the most expensive housing market. Housing prices in MMR rose 6 per cent to Rs 17,230 per sq ft from Rs 16,300 per sq ft. In Bengaluru, the prices appreciated by 10 per cent to Rs 8,870 per square foot from Rs 8,100 per square foot. The prices o

Chhattisgarh Housing Board earns 'record revenue' of ₹435 cr in 6 months

The first OTS scheme, launched in September 2021, got a modest response. It ran till March 2024 and only 506 properties costing Rs 88 crore were sold in three years

Max Estates buys 7.5-acre Gurugram land to build project worth ₹3,000 crore

Max Estates Ltd has acquired a 7.25-acre land in Gurugram to develop a housing project with an estimated revenue of Rs 3,000 crore, as the company intends to expand business amid strong demand. In a regulatory filing on Saturday, the company informed that the board has approved acquisition of Base Buildwell Private Limited (BBPL). Base Buildwell is a special purpose vehicle holding licence and development rights over the 7.25-acre land parcel located at Sector 59, Golf Course Extension Road in Gurugram. "The outlay associated towards the transaction is expected to be around Rs 534 crore, comprising the acquisition of 100 per cent of the share capital of BBPL on a fully diluted basis comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each, and project-level payments toward security deposit, purchase of Transferable Development Rights, and related approvals," the company said. The estimated development potential on this land is

Hudco cancels ₹3,000 cr bond issue as investors demand higher yields

Hudco scrapped its Rs 3,000 crore bond issue after investors sought higher yields, reflecting hardened corporate bond rates in line with rising government securities

Altum Credo raises ₹170 cr from BII to expand affordable housing finance

Altum Credo will use the funds to expand credit access for low-income households, strengthen IT systems, and scale operations across existing geographies

Godrej Properties sells 683 units worth over ₹1k cr in Hyderabad project

Godrej Properties Ltd on Monday said it has sold 683 housing units for more than Rs 1,000 crore in its new residential project in Hyderabad, driven by strong consumer demand. In a regulatory filing, the company said it has sold inventory worth over Rs 1,000 crore in its project 'Godrej Regal Pavilion' located at Rajendra Nagar, Hyderabad. The project was launched earlier this month. At the launch, the company had sold 683 homes with a total area of 1.20 million square feet. The total developable area in this large project is 4.14 million square feet with an estimated revenue potential of Rs 3,600 crore. On the customers' response, Gaurav Pandey, MD & CEO, Godrej Properties, said, "This outcome reflects the rising preference for trusted, branded residences and Hyderabad's strong growth potential." Recently, Godrej Properties acquired 7.82-acre of land in Hyderabad through the auction process for Rs 548 crore. This upcoming project would have an estimated revenue potential of Rs

Weaver raises $170 million to expand AI-led affordable housing finance

Weaver Services secures $170 million from Lightspeed, Premji Invest, and Gaja Capital to drive asset acquisitions, tech innovation, and housing finance access in tier-2 and tier-3 cities

Ashiana Housing to invest ₹425 crore in FY26 for senior living projects

Realty firm Ashiana Housing Ltd plans to invest Rs 425 crore this fiscal year on development of senior living homes. In a regulatory filing, the company said it is "contemplating a total outlay of Rs 425 crore towards senior living during FY2025-26". The investments would be on payout to landowners, construction and execution costs and other project related expenses. Commenting on the growth strategy, Ankur Gupta, Joint Managing Director, Ashiana Housing, said, "Senior living is more than a business segment for us, it is a long-term commitment rooted in demographic need and social relevance." "The increased investment and our entry into Mumbai, Bangalore and other cities reflect our conviction in the segment and our ability to deliver integrated housing solutions with ongoing support and community engagement," he added. In the 2024-25 fiscal year, Ashiana Housing had invested Rs 213 crore towards senior living. Gupta said the company had sold Rs 382 crore worth of senior living h

Affordable segment slips with luxury units driving housing mkt for H1 2025

Sales of homes priced above ₹1 crore rose 17% year-on-year in H1 CY25, while affordable housing sales fell 18% due to demand and supply constraints, Knight Frank data shows

Keystone Realtors target ₹3,000 cr revenue with redevelopment projects

Keystone Realtors Ltd has been selected to redevelop eight housing societies in Mumbai, enabling the company to generate revenue of Rs 3,000 crore from the saleable area. Mumbai-based Keystone Realtors sells properties under Rustomjee brand. In a regulatory filing on Wednesday, Keystone Realtors informed that "it has been selected by eight housing societies as the developer for the large-scale cluster redevelopment project in the highly sought after residential neighbourhood of Andheri West, Mumbai." The Development Agreement (DA) has already been executed with five societies, while LOIs have been received from the remaining three societies, with DA execution expected over the next few days. "The project involves the redevelopment of a cluster of private housing societies located in the heart of Andheri's vibrant residential hub, with a cumulative plot area of approximately 4.75 acres, encompassing 548 existing members. "The proposed redevelopment is expected to unlock a saleable

Housing sales to remain steady at 10-12% on luxury demand, low rates

Crisil report says demand will rebound in FY26 driven by premium and luxury housing across major micro markets; affordable housing launches remain limited

Prestige Group eyes ₹3,350 cr revenue from new housing project in Chennai

Prestige Estates Projects Ltd is targeting Rs 3,350 crore revenue from its upcoming housing project in Chennai. The company has launched a residential project Prestige Pallavaram Gardens - on the PallavaramThoraipakkam Radial Road in Chennai. The 21.84-acre project has 2,069 premium apartments, offering a total saleable area of 3.1 million (31 lakh ) square feet and a "a Gross Development Value (GDV) of Rs 3,350 crore. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "Chennai has emerged as one of the most dynamic real estate markets in South India, and we are delighted to strengthen our presence here." Bengaluru-based Prestige Group has a portfolio of residential, commercial, retail, hospitality, and integrated townships across major cities. The group has delivered 302 projects spanning 193 million square feet and has a pipeline of 130 projects covering 203 million square feet area. Prestige Estates Projects Ltd has set a target to sell properties worth Rs ...

Housing sales decline 20% in Q2 CY25; recovery signs seen: Report

Sales likely to improve after 'rollercoaster quarter' for Indian housing market: Anarock

Rajasthan approves new affordable housing schemes across districts

An RHB official said these schemes will be launched in various districts, including Jaipur, Udaipur, Barmer, Kota and Hanumangarh

Housing units delivery across Delhi-NCR down 8% in FY25: PropEquity

Delhi-NCR has witnessed an 8 per cent decline in total residential units delivered during the last financial year to 48,388 units, according to PropEquity. The number of homes delivered in Delhi-NCR during the 2023-24 fiscal stood at 44,423 units. Real estate data analytic firm PropEquity data showed that the number of homes delivered in 9 major cities has risen 33 per cent to 4,06,889 units in 2024-25 as against 3,06,600 units in the preceding year. The data represents apartments, row houses, and villas whose occupancy certificates have been received. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. The most number of homes were delivered in Pune at 81,563 units during the 2024-25 fiscal, an increase of 41 per cent Year-on-Year (Y-O-Y). Pune was followed by 77,017 units in Thane (39 per cent Y-O-Y growth), 57,304 units in Hyderabad (61 per cent Y-O-Y growth), 46,103 units in Bengaluru (26 per cent Y-O-Y growth), 44,423