Page 2 - Housing

Shriram Properties inks JDA for ₹350-cr villa project in South Bengaluru

Bengaluru-based developer Shriram Properties has signed a joint development agreement for a 5-acre villa project on Bannerghatta Road, expanding its mid-premium housing portfolio

DLF sells 221 flats in 'The Dahlias' project at Gurugram for nearly ₹16k cr

Realty major DLF Ltd has so far sold 221 super-luxury flats for nearly Rs 16,000 crore in its ultra-luxury housing project 'The Dahlias' in Gurugram on strong demand. In October last year, DLF launched its 17-acre super-luxury housing project 'The Dahlias' at DLF Phase 5 in Gurugram, comprising 420 apartments and penthouses. According to its latest investor presentation, DLF Ltd has achieved sales bookings worth Rs 15,818 crore till the September quarter in this sought-after housing project. In a conference call with analysts, DLF management informed that 221 units have been sold in 'The Dahlias' project till the September quarter. The average price per apartment comes to around Rs 72 crore. Recently, a Delhi-NCR-based businessman has bought 4 apartments, totalling 35,000 sq ft of super area, for Rs 380 crore in this project. This super luxury project, which was launched after the success of 'The Camellias' at the same location, was instrumental in DLF Ltd's record sales bookings

Bandra Bay to see launch of luxury housing projects worth ₹1 trn: Report

Mumbai's Bandra Bay will witness development of luxury housing and retail projects worth over Rs 1 lakh crore in the coming years as real estate developers look to encash rising demand for waterfront properties, according to a report. Lighthouse Luxury and data analytics firm CRE Matrix have released a joint report 'Why Bandra Bay is Mumbai's Most Iconic Waterfront Investment', stating that nearly 8 million sq ft of premium residential and retail projects are planned in Bandra Bay location. "Mumbai is soon set to become a 'Waterfront Capital' of India with a new waterfront belt emerging alongside Bandra-Kurla Complex, a bustling business district and a luxury residential cluster of Mumbai," the report said. Bandra Bay has a development potential of over Rs 1 lakh crore with various ultra-luxury real estate projects being planned along the emerging Bandra waterfront, it added. "Bandra Bay is set to become the most prestigious and ambitious luxury waterfront redevelopment in Mumbai.

Kolte-Patil acquires 7.5-acre land parcel with GDV of ₹1,400 cr in Pune

The land parcel is surrounded by premium localities such as Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway and close to the Shivaji Nagar railway station

Realty firm NeoLiv to develop ₹2,300 cr township project in Faridabad

Realty firm NeoLiv will develop a 62-acre township in Faridabad, Haryana, with a revenue potential of Rs 2,300 crore, as it looks to expand business to meet rising demand for housing properties. In a statement on Thursday, the company said it has entered into a management agreement for developing 62-acre of land at Sector 98, 99A in Faridabad The company will mainly offer housing plots and villas in this township project, which has an estimated gross development value of around Rs 2,300 crore. NeoLiv did not mention the name of the landowner with whom it has signed a management agreement. It did not disclose the number of plots and villas to be offered in this project, and has also not mentioned the total investment to develop this township. Mohit Malhotra, Founder and CEO of NeoLiv, said, "This partnership represents a significant milestone for NeoLiv as we announce our largest foray till date in one of the fast-growing regions of NCR." NeoLiv is developing projects in the Mumba

Uttar Pradesh housing projects worth ₹7,000 crore launched for urban push

These 21 realty projects will develop almost 11,000 units spanning residential apartments, commercial spaces and shops in major cities

Bengaluru to see 21% growth in housing sales in July-Sept: PropEquity

Bengaluru's housing market is witnessing strong demand, with sales estimated to rise 21 per cent in July-September to 16,840 units, according to PropEquity. Sales in Bengaluru's primary housing market stood at 13,966 units in the year-ago period. Real estate data analytics firm PropEquity data showed that sales of residential properties are likely to increase to 49,559 units during January-September period of 2025 calendar year as against 46,392 units in the corresponding period of the preceding year. With start of the festive season, real estate developers feel that sales in Bengaluru during the fourth quarter of this calendar year would rise further, closing the year on a strong note. Sales of housing in the Bengaluru market stood at 61,116 units in the 2024 calendar year, down from 66,600 in the preceding year. During the COVID pandemic year 2020, sales stood at only 34,480 units but demand revived in subsequent years because of the pent-up demand. Sales increased to 43,181 un

UP Rera approves 21 projects worth ₹7,035 cr, 10,866 housing units planned

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 21 new projects worth Rs 7,035 crore, paving the way for 10,866 housing and commercial units across the state. The clearances were given on Saturday in the 184th meeting of the Authority, chaired by Sanjay Bhoosreddy, UP RERA said in a statement. "The approval of 21 projects, adding nearly 11,000 new units, highlights the momentum of real estate growth in Uttar Pradesh. With investments of about Rs 7,035 crore, these developments will meet housing needs across diverse income groups and also create significant economic opportunities for the state," Bhoosreddy said. The projects, spread across Gautam Buddh Nagar, Ghaziabad, Lucknow, Mathura, Agra, Bareilly, Varanasi and Barabanki, include residential apartments, villas, plots and commercial spaces. UP RERA said the developments are expected to generate employment in construction and allied sectors while expanding housing availability, with a share reserved for

Redevelopment rush in Mumbai: Extra carpet area is the new dealmaker

For tenants, this translates into the promise of spacious, modern apartments replacing crumbling old buildings

Sanjeevini Group eyes ₹1,200 cr from Bengaluru's new housing project

Realty firm Sanjeevini Group on Sunday said it is expecting a revenue of about Rs 1,200 crore from its new housing project in Bengaluru. The company has launched a luxury residential project "The Adwaith", spread over 8.3 acres and comprising 668 units, atGunjur in Bengaluru East. The total sales potential of this project is Rs 1,200 crore, the company said in a statement. The project will be developed under a joint development model with landowner. The total built-up area is about 17 lakh sq ft. The units are priced upwards of Rs 1.7 crore. Umesh Gowda H A, Chairman and Founder of Sanjeevini Group, said the company has launched a new project at Gunjur, which is a growing micromarket in Bengaluru because of its good connectivity with other parts of the city. The project is expected to be delivered in 30 months. Sales of residential properties have risen sharply post-Covid pandemic on pent-up demand, growing preference of having home-ownership. Sanjeevini Group has developed over

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

Construction costs surge 40% since 2019; experts call for GST reforms

Construction costs in India's affordable housing sector have surged 40% since 2019, squeezing developer margins. Experts suggest GST reforms could ease costs and protect housing affordability

Delhi-NCR real estate to gain from UER-II and Dwarka Expressway launch

Real estate developers and consultants say UER-II and the Dwarka Expressway will improve connectivity, ease congestion, and drive housing and commercial growth in Delhi NCR

IFC commits $150 mn to HDFC's H-DREAM fund for green, affordable housing

The move aims to advance green affordable housing and expand sustainable financing for property developers in India

Brigade to launch 405 luxury homes in Hyderabad with ₹970 crore target

Spread over 10 acres in Moti Nagar, Hyderabad, Brigade Citadel 2 and 3 will offer premium low-rise residences and are expected to build on the success of Brigade Citadel

Shapoorji Pallonji Real Estate to build ₹800 cr residential project in Pune

VANAHA Verdant spans 10 lakh sq ft and is close to major IT hubs and key infrastructure, says company

Puravankara to redevelop 8 Mumbai societies with ₹2,100 cr GDV potential

Puravankara to begin redevelopment of eight Chembur societies in Mumbai, unlocking 1.2 mn sq ft across 4 acres and reaffirming its western region real estate strategy

Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore

The real estate arm of the Mahindra Group will lead redevelopment of a premium housing society in Mulund West, with proximity to Metro Line 5 and key road links

Godrej Properties acquires 14-acre land in Bengaluru for ₹1,500 cr project

Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. "The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," it added. Godrej Properties said this acquisition further solidifies the company's continued expansion in East Bengaluru. The company did not share the land acquisition cost. Gaurav Pandey, MD and CEO, Godrej Properties, said, Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities." Earlier this month, Godrej Properties acquired 14-acre land i