Page 2 - Housing Sector

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

Houses delivered in 9 major Indian cities up 33% in FY25: Report

Western and Southern markets report surge, trend expected to continue

Bengaluru sees 59% rise in luxury home sales to ₹1,000 cr in FY25: Report

Bengaluru's housing market witnessed a 59 per cent growth in sales of luxury homes, costing Rs 10 crore and above, in the last fiscal at a record Rs 1,000 crore on high demand, according to India Sotheby's International Realty and CRE Matrix report. Real estate consultant India Sotheby's International Realty (ISIR) and real estate data analytics firm CRE Matrix's recent report mentioned that Bengaluru's luxury housing market (Rs 10 crore and above) achieved sale bookings of Rs 1,000 crore in 2024-25 against Rs 627 crore in the preceding year. In volume terms, sales of luxury homes rose to 78 units from 51 units. The report stated that Rs 10-12 crore ticket-size apartments are seeing the highest sales in Bengaluru's luxury segment. "Bengaluru's luxury housing market has entered a new league. We're seeing discerning buyers - especially CXOs, startup founders, and global Indians - investing not just in a home, but in a lifestyle. The demand today is driven as much by aspiration as by

Unsold affordable units drop 19% in top 7 cities in Q1CY25, bucking slump

Luxury segment sees 24% surge in unsold units over robust supply, inventory pile-up

Ashiana Housing Q4 bookings down 33% to ₹575 cr; FY25 sales at ₹1,937 cr

Realty firm Ashiana Housing Ltd's sales bookings declined 33 per cent to Rs 574.73 crore in the fourth quarter of the last fiscal, as it sold a lesser number of housing units. Its sales bookings stood at Rs 862.54 crore in the year-ago period. "597 units were booked in Q4 of FY25 vis-a-vis 451 units booked in Q3 of FY25 and 628 units booked in Q4 of FY24," Ashiana Housing said in a regulatory filing on Friday. However, the company's sales bookings rose 8 per cent to Rs 1,936.75 crore in the last fiscal against Rs 1,798.22 crore in 2023-24. "The sales value of Rs 1,936.75 crore was the highest-ever annual sales by the company," Ashiana Housing said. Delhi-based Ashiana Housing is one of the leading real estate developers in the country. The company focuses on developing group housing projects. It is also a major player in senior living homes.

Macrotech Q4 pre-sales rise 14% to Rs 4,810 crore on strong housing demand

Real estate company Macrotech Developers Ltd on Monday reported a 14 per cent increase in sales bookings to a record Rs 4,810 crore in the fourth quarter of this fiscal mainly on strong housing demand. Its sales bookings stood at Rs 4,230 crore in the year-ago period. In a regulatory filing, Mumbai-based Macrotech Developers informed that the company's sales bookings grew 21 per cent last fiscal year to Rs 17,630 crore from Rs 14,520 crore in the FY24. "We achieved our best-ever quarter pre-sales of Rs 4,810 crore, showing 14per cent Y-o-Y (year-on-year) growth. With this, we have achieved pre-sales of Rs 17,630 crore in FY25 (up 21 per cent Y-o-Y), surpassing our FY25 guidance and delivering sustainable, predictable 20 per cent growth," the company said. Macrotech Developers, which sells properties under the Lodha brand, is one of the largest real estate companies in the country. It has a significant presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru housing ...

Housing sales up 2% in Jan-Mar in 8 cities on strong demand: Knight Frank

Housing sales in the January- March period rose 2 per cent to 88,274 units across eight major cities as consumer demand for residential properties continues to be strong, according to Knight Frank. On Thursday, real estate consultant Knight Frank India released its report 'India Real Estate: Residential and Office (January-March 2025)' which showed stability in demand across primary (first sale) housing markets of eight major cities. During JanuaryMarch, the consultant said that primary residential sales reached 88,274 units, a 2 per cent annual increase over the year-ago period. Knight Frank data showed a marginal increase in sales during the latest March quarter, contrary to PropEquity and Anarock reports, which stated a 23 per cent and 28 per cent decline in housing demand in the first quarter of this calendar year. Shishir Baijal, Chairman & Managing Director of Knight Frank India, said, "The real estate market has remained strong in the face of rising concerns of overheating

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

Mt K Kapital plans second real estate fund with Rs 2,500 crore corpus

Mt. K Kapital, a real estate-focused investment platform, plans to set up its second fund with a corpus of around Rs 2,500 crore to finance housing projects across major cities. Mumbai-based Mt. K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund (AIF) license. "Our first fund closed at a total corpus of Rs 790 crore. We have deployed close to 50 per cent of the fund in five projects," Mt. K Kapital Founder and Managing Director Binitha Dalal told PTI. These five projects, with a total developable area of 7 lakh square feet, are located in Mumbai Metropolitan Region (MMR) and are being developed by Keystone Realtors Ltd that operates under the 'Rustomjee' brand. "We intend on committing the balance fund by the end of this year," she said. Asked about the future plan, Dalal said its AIF is a development fund platform built with combined skills of development and fund management. "Our second fund shall be at least th